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US · HTLD

Heartland Express, Inc.

Programmatic access: InvestorsCraft Valuation API · catalog

Sector
Industrials · Trucking
Headquarters
North Liberty, IA 52317

Price · as of 2025

$12.44

Market cap 972.5M

Valuation

MetricValueUpside
IC Value$3.80-69%
P/E-14.10
P/B0.98
P/S0.92
EV/EBITDA8.61
PEG-18.48
P/TBV2.04

Valuation history

Annual price overlaid with each model's fair value. Y-axis is log scale.

Annual price and model valuations for HTLD, USD per share
YearPriceAIICGraham-DoddGraham Formula
2011$12.44$15.78
2012$12.46$14.42
2013$19.95$15.64
2014$22.41$19.03
2015$17.23$16.20
2016$18.70$23.20
2017$18.48$16.16
2018$18.44$16.11
2019$16.97$15.19
2020$18.54$16.31
2021$13.68$13.43
2022$15.71$20.11
2023$11.99$12.36
2024$9.92$18.14
2025$9.50$11.85

Historic valuation ratios

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        About Heartland Express, Inc.

        Heartland Express, Inc., operating with its subsidiaries, functions as a transportation company primarily focusing on short to medium-distance truckload freight across the United States and Canada. The firm's main services encompass extensive asset-based dry van truckload hauling, covering the entire contiguous U.S. from coast to coast, as well as specialized temperature-controlled logistics. These services are delivered under its prominent brand names, Heartland Express and Millis Transfer. Its customer base largely comprises retailers and manufacturers within the consumer goods, appliance, foodstuff, and automotive industries. The company was established in 1978 and is headquartered in North Liberty, Iowa.

        CEO
        Michael J. Gerdin
        Employees
        3.63K
        Beta
        1.30

        Peer comparison

        Same-industry comparables, ranked by market cap.

        Scroll horizontally for additional metrics. Ticker column stays fixed.

        Peer comparison for HTLD: basic info, valuation models, ratios, profitability, leverage, growth, cash flow, dividends, enterprise value, and Altman Z-score.
        Basic InfoIC ValuationCore ValuationProfitabilityLeverage & LiquidityGrowthCash FlowDividendsEnterprise ValueRisk
        TickerCompany NamePriceMarket CapValueUpsideP/EP/BP/SEV/EBITDAPEGP/TBVGross MarginOperating MarginNet MarginROEROICROADebt/EquityInterest CoverageCurrent RatioQuick RatioNet Debt/EBITDAEPS GrowthSales GrowthFCF GrowthFCF YieldOp Cash Flow RatioCash ROICDividend YieldDividend PayoutShareholder YieldEV/EBITEV/FCFEV/SalesAltman Z-Score
        HTLDHeartland Express, Inc.$12.44972.5M$11.85-5%-14.100.980.928.61-18.482.048.38%-7.68%-6.51%-6.65%-4.97%-4.15%0.21-5.381.040.851.3976.32%-23.08%-292.04%-9.04%0.81-6.98%0.84%-11.90%9.40%-14.27-13.201.102.66
        ADSEADS-TEC Energy PLC$11.57869.25M$15.99+38%-10.02-49.0816.82-262.01-22.38-51.60%-179.64%-174.88%197.71%3070.05%-45.03%-5.82-1.331.580.37-25.00-50.79%-71.31%184.20%-9.47%-1.132734.78%0.00%0.00%0.00%-10.35-11.6818.60-3.59
        ASPNAspen Aerogels, Inc.$5.01415.22M$530.56+10,490%-0.771.281.110.051.2816.97%-18.96%-143.69%-91.64%-12.63%-59.85%0.61-0.013.903.100.00-2888.24%-40.11%-88.76%-1.52%0.53-1.13%0.00%0.00%0.00%-5.62-63.051.06-1.78
        CVLGCovenant Logistics Group,…$35.77899.85M$10.66-70%85.201.530.538.132.838.01%1.20%0.62%1.72%1.53%0.71%0.841.161.110.852.86-79.23%2.92%12.81%-5.50%0.54-4.72%1.16%98.90%7.09%68.03-28.020.822.13
        FIPFTAI Infrastructure Inc.$3.41402.94M$1.14-67%-2.300.541.1917.280.8511.09%7.86%-21.33%-30.72%1.12%-6.41%3.530.150.250.2214.81-16.91%51.59%306.99%-66.56%-0.06-11.53%2.31%-5.30%76.85%106.29-10.528.36-0.25
        FWRDForward Air Corporation$15.41487.34M$37.29+142%-3.454.320.2013.66-0.3720.48%1.46%-4.32%-89.96%1.59%-5.11%19.050.201.221.0611.03-88.27%0.84%-113.58%3.12%0.100.69%0.00%0.00%0.00%69.82166.561.020.88
        IIINInsteel Industries, Inc.$32.82635.34M$27.50-16%15.011.660.958.0413.391.9414.43%8.40%6.33%11.36%14.36%9.27%0.011046.853.971.78-0.48112.12%22.39%-51.48%3.08%0.416.56%3.53%53.00%3.90%10.6830.670.907.15
        LTBRLightbridge Corporation$8.96314.92M-14.251.37-3.941.380.00%0.00%0.00%-16.08%-2794.43%-16.00%0.00239.04238.2010.31-1.23%50.43%-5.12%-16.85-1718.19%0.00%0.00%58.02%-3.32-5.40197.09
        NWPXNWPX Infrastructure, Inc.$124.241.2B$71.11-43%19.581.761.3211.58416.092.1919.73%9.70%6.73%9.21%7.77%6.06%0.2619.223.782.581.474.71%6.83%37.53%6.79%1.019.41%0.00%0.00%7.14%15.5516.851.514.51
        ULHUniversal Logistics Holdi…$18.39484.94M$3.46-81%-3.770.700.2415.601.1510.50%3.85%-6.41%-16.82%4.10%-5.61%1.801.231.201.1211.24-176.88%-15.58%-70.46%-10.93%0.58-2.81%2.94%-11.10%2.96%21.82-31.870.841.62
        VSTSVestis Corporation$13.931.84B$11.86-15%-24.891.160.3712.52-3.5126.50%2.36%-1.47%-4.55%2.60%-1.38%1.640.702.080.477.27-293.75%-2.53%-98.53%0.58%0.160.26%1.38%-34.40%1.38%37.10414.320.871.47

        Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($3.80 ÷ $12.44) − 1 = -69.45% (IC, example).