HTLD
Heartland Express, Inc.
NasdaqGSUSDEQUITY
Industrials
DELAYED
Last price
12.84
▲ 0.48 (3.88%)
MARKET · —
Price
Open
12.36
Prev close
12.36
Day high
12.88
Day low
12.51
Volume
590.93K
Market cap
$992.95M
P/E (TTM)
—
52W range
7.00 – 16.64
Trailing performance
Returnvs SPY
1W
+0.39%
+1.8%
1M
-13.42%
-17.1%
3M
-10.08%
-13.2%
6M
+9.18%
-1.9%
YTD
+42.19%
+29.9%
1Y
+58.32%
+38.3%
3Y
-16.08%
-90.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$992.95M
Enterprise value$1.08B
Revenue (TTM)$736.28M
Gross profit$206.60M
EBITDA$94.47M
Net income$-21.96M
EPS (TTM)$-0.28
Free cash flow$-80.48M
Total cash$62.38M
Total debt$146.40M
Book value / share$9.78
Shares outstanding77.33M
Float54.00M
Short % of float6.31%
Dividend yield0.62%
Beta (5Y)1.33
Valuation & profitability ratios
Trailing P/E—
Forward P/E25.60
PEG ratio1.68
Price / sales—
Price / book1.31
EV / revenue1.46
EV / EBITDA11.40
Gross margin28.06%
Operating margin-4.62%
Profit margin-2.98%
Return on equity-2.85%
Return on assets-2.48%
Debt / equity19.36
Current ratio1.59
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $805.71M | $1.05B | $1.21B | $968.00M |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | -$52.45M | -$29.72M | $14.78M | $133.58M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | -$52.45M | -$29.72M | $14.78M | $133.58M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.01 | 0.14 | +2,445.1% |
| Mar 2026 | -0.13 | -0.06 | +53.1% |
| Dec 2025 | -0.08 | -0.06 | +25.3% |
| Sep 2025 | -0.12 | -0.11 | +9.4% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.05 | 5 | $188.37M | -4.2% |
| Next quarter | 0.05 | 5 | $187.41M | +4.5% |
| Current year | 0.19 | 5 | $733.50M | -9.0% |
| Next year | 0.50 | 5 | $787.36M | +7.3% |
Analyst targets & ownership
Mean target$13.20
High target$16.00
Low target$12.00
Implied upside2.80%
Analyst count5
ConsensusHOLD
Strong buy / Buy0 / 1
Hold3
Sell / Strong sell0 / 2
Held by insiders51.38%
Held by institutions51.64%
Institutions holding278
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+4.45M
Net buying
Buy transactions
8
4.48M shares
Sell transactions
1
31.40K shares
Net transactions
+9
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
39.74M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 15, 26 | MILLIS DAVID PAUL Director |
SELL | 31.40K | $492.09K | Direct |
| Jun 10, 26 | SPALDING DAVID P Director |
BUY | 2.00K | $31.38K | Direct |
| May 19, 26 | GERDIN MICHAEL J Chief Executive Officer |
STOCK | 4.47M | $0 | Indirect |
| May 15, 26 | STRAIN CHRISTOPHER ALAN Chief Financial Officer |
STOCK | 500 | $0 | Direct |
| May 15, 26 | ANN S. GERDIN REVOCABLE TRUST Trustee |
STOCK | 500 | $0 | Indirect |
| May 15, 26 | RIGDON KENT DARYL Chief Operating Officer |
STOCK | 500 | $0 | Direct |
| May 15, 26 | EICKMAN KRIS ERIC Officer |
STOCK | 500 | $0 | Direct |
| May 15, 26 | HELMICH JOSH STEFAN Officer |
STOCK | 500 | $0 | Direct |
| Apr 24, 26 | MILLIS DAVID PAUL Officer and Director |
STOCK | 4.87K | $0 | Direct |
| Dec 1, 25 | GERDIN MICHAEL J Chief Executive Officer |
STOCK | 10.00M | $0 | Indirect |
| Dec 1, 25 | ANN S. GERDIN REVOCABLE TRUST Trustee |
STOCK | 10.00M | $0 | Direct |
| Oct 22, 25 | MILLIS DAVID PAUL Officer and Director |
STOCK | 11.95K | $0 | Direct |
| Aug 18, 25 | GERDIN MICHAEL J Chief Executive Officer |
BUY | 30.00K | $245.69K | Indirect |
| May 14, 25 | PRATT JAMES G Director |
BUY | 6.57K | $58.88K | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ANN S. GERDIN REVOCABLE TRUST |
Trustee | — | Stock Award(Grant) |
EICKMAN KRIS ERIC |
Officer | 8.32K | Stock Award(Grant) |
GERDIN MICHAEL J |
Chief Executive Officer | — | Stock Gift |
HELMICH JOSH STEFAN |
Officer | 7.95K | Stock Award(Grant) |
HUPFELD AMANDA |
Director | 2.00K | Purchase |
MILLIS DAVID PAUL |
Director | 28.39K | Sale |
PRATT JAMES G |
Director | — | Purchase |
SPALDING DAVID P |
Director | 2.00K | Purchase |
STRAIN CHRISTOPHER ALAN |
Chief Financial Officer | 21.50K | Stock Award(Grant) |
TRIMBLE TODD ALLAN |
Officer | 13.37K | Stock Award(Grant) |
Moving averages & technicals
SMA 10
12.47
+2.94% from price
SMA 20
12.60
+1.92% from price
SMA 50
14.08
-8.80% from price
SMA 100
13.57
-5.36% from price
SMA 200
11.63
+10.39% from price
EMA 12
12.66
+1.40% from price
EMA 26
13.08
-1.80% from price
EMA 50
13.46
-4.62% from price
RSI (14)
46.2
Neutral
MACD (12,26,9)
-0.41
Hist 0.11
ATR (14)
0.46
3.56% of price
Realised vol 30D
42.3%
Annualised
Bollinger upper
13.50
20, 2σ
Bollinger lower
11.69
20, 2σ
50 / 200 cross
Golden
14.08 vs 11.63
Trend bias
Above 200
+10.39%
Risk profile
Beta vs SPY
1.09
More volatile than market
Correlation to SPY
0.35
Loosely linked
Realised vol 30D
42.3%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-27.6%
Peak to trough
Max drawdown 5Y
-60.0%
Peak to trough
ATR 14
0.46
3.56% of price
Beta (reported)
1.33
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
5.38
Put-heavy session
Put / call open interest
0.53
Positioning, not flow
Max pain
12.50
-2.6% from spot
ATM implied vol
87.5%
Nearest strike to spot
Skew (10% OTM)
-5.1%
Calls bid over puts
Call volume
29
Contracts, this expiry
Put volume
156
Contracts, this expiry
Heaviest call OI
15.00
174 contracts
Heaviest put OI
10.00
115 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
Is Heartland Express (HTLD) Stock Outpacing Its Transportation Peers This Year?
Zacks · 11d ago
UBS Adjusts Price Target on Heartland Express to $13 From $12, Maintains Neutral Rating
MT Newswires · 16d ago
Gains from equipment sales save Heartland’s Q2
FreightWaves · 22d ago
Heartland Express (NASDAQ:HTLD) Reports Sales Below Analyst Estimates In Q2 CY2026 Earnings
StockStory · 23d ago
Heartland Express (HTLD) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks · 23d ago
Heartland Express Shares Fall After Revenue Declines
MT Newswires · 23d ago
Heartland Express: Q2 Earnings Snapshot
Associated Press · 23d ago
Heartland Express, Inc. Reports Net Income and Financial Results for the Second Quarter of 2026
GlobeNewswire · 23d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.