Heartland Express Inc. Common Stock (HTLD)

FairStock Score: 30/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am wary of commodity businesses, and truckload carriage is capital-intensive, fragmented, and offers limited pricing power. Heartland operates recognizable brands—Heartland Express, Millis Transfer, Smith Transport, and CFI—but that is not a wide moat. Filed figures show revenue slipping from $94.8M in fiscal year 2023 (ended 2023-12-31) to $78.0M in fiscal year 2024 (ended 2024-12-31) to $58.1M in fiscal year 2025 (ended 2025-12-31), while net income moved from $14.8M in fiscal year 2023 to losses of $29.7M in fiscal year 2024 and $52.5M in fiscal year 2025. That is a deteriorating trajectory, and the Lynch category is TURNAROUND—loss in the latest year after earlier profits. Yet the latest filed quarter, fiscal Q2 2026 ended 2026-06-30, posted net income of $10.6M and diluted EPS of $0.14, versus a net loss of $10.9M and diluted EPS of -$0.14 in fiscal Q2 2025. Fiscal Q1 2026 still lost $4.8M, so one quarter does not prove recovery.

In plain English: Heartland Express is a trucking company that hauls freight across North America. The business looks weak: it lost money in fiscal 2025 and 2024 after a profit in fiscal 2023, and it is using cash, though the latest filed quarter showed a profit. At $10.86, the price is not far from the company's accounting value, but with losses and cash use, it does not look clearly cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer