HTLD

Industrials

Heartland Express, Inc. · Trucking · $1B

UQS Score — Balanced Preset
26.1
Poor

Heartland Express, Inc. scores 26.1/100 using the Balanced preset.

UQS vs Industrials Sector
HTLD
26.1
Sector avg
42.4
Quality
Weak
Moat
Weak
Growth
Weak
Risk
Neutral
Valuation
Good

What is Heartland Express, Inc.?

Heartland Express is a North Liberty, Iowa-based truckload carrier serving shippers across the United States and Canada. Operating under two brand names, the company focuses on short-to-medium haul dry van and temperature-controlled freight.

Heartland Express generates revenue by hauling freight for retailers and manufacturers in consumer goods, appliances, food products, and automotive industries. Its asset-based model relies on company-owned trucks and drivers rather than brokered capacity. Services run coast to coast — from Washington to Florida and New England to California — under the Heartland Express and Millis Transfer brands. Temperature-controlled truckload service extends its reach into time-sensitive and perishable freight lanes.

The company was founded in 1978 and is headquartered in North Liberty, Iowa.

  • Nationwide dry van truckload service
  • Temperature-controlled truckload freight
  • Short-to-medium haul carrier solutions
  • Millis Transfer branded regional trucking
  • Shipper services for consumer goods and automotive sectors

Is HTLD a Good Stock to Buy?

UQS Score rates HTLD as Poor overall, reflecting broad weakness across most of the five scoring pillars.

The clearest relative bright spot for HTLD is its Valuation pillar, which lands in Good territory — suggesting the market may already be pricing in the company's operational challenges. Risk registers as Neutral, meaning the balance sheet and financial structure are not an acute near-term concern.

Quality, Moat, and Growth all score Weak, pointing to thin competitive differentiation, limited earnings power, and little evidence of meaningful business expansion in the current environment.

Pro members can view the complete pillar breakdown and underlying financial metrics to understand exactly where HTLD stands relative to sector peers. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does HTLD pay dividends?

Yes — Heartland Express, Inc. pays a dividend.

Heartland Express pays a regular dividend, which is relatively uncommon among small-cap trucking carriers. For income-oriented investors, this provides a modest return while holding the stock. Given the company's Weak Quality and Growth scores, investors should weigh whether the dividend is sustainable if freight market conditions remain pressured.

When does HTLD report earnings?

Heartland Express reports earnings on a quarterly cadence, consistent with standard US-listed equity practice.

The trucking sector has faced a prolonged freight downturn, and HTLD's Weak Quality and Growth pillar scores reflect that pressure on revenue and profitability. Results have been challenged by soft demand and elevated operating costs across the industry.

For the most recent quarter's results and guidance commentary, visit Heartland Express's investor relations page directly.

HTLD Price History

-30.7% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Heartland Express, Inc.?

$
Today it would be worth
$6,445
That's a -35.5% total return, or -8.4% annualized.

Based on Heartland Express, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

HTLD Long-term Outlook

HTLD's Growth pillar scores Weak, suggesting the near-term fundamental trajectory remains under pressure. A freight market recovery would be a meaningful catalyst, but the company's Weak Moat score indicates limited pricing power to accelerate earnings when volumes do return. The Neutral Risk profile provides some stability, and the Good Valuation score implies the stock may already reflect a pessimistic scenario.

Growth drivers

  • Potential freight market recovery lifting truckload volumes
  • Millis Transfer brand expanding regional lane density
  • Exposure to resilient consumer goods and food product shippers

Key risks

  • Prolonged freight recession compressing revenue per mile
  • Weak moat limiting ability to raise rates above competitors
  • Elevated driver costs and fuel volatility squeezing margins

HTLD vs Peers

Heartland Express competes in the short-to-medium haul truckload segment alongside several regional and national carriers.

CVLGHTLD scores lower
Covenant Logistics Group, Inc.

Covenant operates a more diversified model that includes expedited and managed freight services alongside traditional truckload, giving it broader revenue streams.

MRTNHTLD scores lower
Marten Transport, Ltd.

Marten focuses heavily on temperature-controlled freight, carving out a more specialized niche than Heartland's broader dry van and temp-controlled mix.

ULHSimilar UQS
Universal Logistics Holdings, Inc.

Universal operates across multiple logistics modes including intermodal and value-added services, offering shippers a wider range of supply chain solutions.

Frequently Asked Questions

What does Heartland Express do?

Heartland Express is a truckload carrier that moves freight for retailers and manufacturers across the United States and Canada. It operates dry van and temperature-controlled services under the Heartland Express and Millis Transfer brands, focusing on short-to-medium haul lanes.

Does HTLD pay dividends?

Yes, Heartland Express pays a regular dividend. This is relatively uncommon for a small-cap trucking company. Investors should monitor the company's earnings trajectory given the current freight market environment before relying on dividend continuity.

When does HTLD report earnings?

Heartland Express follows a standard quarterly earnings cadence. Specific dates are not covered by our data source — check the company's investor relations page for the most current schedule.

Is HTLD a good stock to buy?

UQS Score rates HTLD as Poor overall. The Valuation pillar is Good and Risk is Neutral, but Quality, Moat, and Growth all score Weak. Whether that valuation discount is an opportunity depends on your view of the freight cycle recovery. See the full pillar breakdown on UQS Score Pro.

Is HTLD overvalued?

Based on the UQS Valuation pillar, HTLD scores Good — meaning the stock does not appear overvalued relative to its fundamentals. In fact, the market may already be pricing in significant operational headwinds, which could represent a margin of safety for patient investors.

How does HTLD compare to its competitors?

Relative to peers like Covenant Logistics, Marten Transport, and Universal Logistics, Heartland Express operates a more traditional asset-based dry van model with limited diversification. Its Weak Moat score suggests it has less competitive differentiation than some rivals in the truckload space.

What is HTLD's market cap bracket?

Heartland Express is classified as a small-cap company. This places it in a segment of the market that can offer higher upside potential but also carries greater volatility and liquidity risk compared to large-cap trucking peers.

Who founded Heartland Express?

Heartland Express was founded in 1978. Founding details and leadership history are publicly available through the company's official website and investor relations materials.

Is HTLD a long-term quality investment?

As a long-term quality indicator, HTLD's Poor UQS Score — driven by Weak Quality, Moat, and Growth pillars — raises meaningful questions about durable competitive advantage. The Good Valuation score may attract contrarian interest, but sustained quality improvement would be needed to support a long-term thesis.

What is the main competitive advantage of Heartland Express?

Heartland Express's UQS Moat pillar scores Weak, indicating limited durable competitive advantage. Its scale across short-to-medium haul lanes and the Millis Transfer brand provide some network depth, but the asset-heavy trucking model makes differentiation difficult in a commoditized freight market.

What sector does HTLD belong to?

Heartland Express operates in the Industrials sector, specifically within the trucking and ground transportation industry. This sector is highly sensitive to economic cycles, fuel prices, and freight demand trends.

Is HTLD a growth stock or value stock?

Based on UQS pillar labels, HTLD leans toward value territory — its Valuation pillar scores Good while its Growth pillar scores Weak. This profile is more consistent with a distressed-value or cyclical-recovery play than a traditional growth stock.

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Pro Analysis

HTLD — Score History

1520253035Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 15 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 10, 202621.80.08.022.736.964.8-0.1
May 8, 202621.90.08.022.736.965.2-2.6
May 7, 202624.50.08.022.749.071.00.0
May 3, 202624.50.08.022.749.070.6-0.1
May 2, 202624.60.08.022.749.071.1+0.1
Apr 26, 202624.50.08.022.749.070.6-0.8
Apr 25, 202625.30.08.026.049.071.8+0.4
Apr 23, 202624.90.08.025.949.068.90.0
Apr 19, 202624.90.08.025.949.069.1-0.1
Apr 18, 202625.00.08.025.949.069.6+1.0

HTLD — Pillar Breakdown

Quality

3.3/100 (25%)

Heartland Express, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityWeak

Ability to convert revenue into operating profit.

Net ProfitabilityWeak

Bottom-line profit as a share of revenue.

Gross Profit / AssetsWeak

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationWeak

Free cash flow relative to market value.

Growth

25.6/100 (20%)

Heartland Express, Inc. faces growth headwinds with declining or stagnant revenue trends.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

Forward EPS GrowthStrong

Analyst consensus for future earnings growth.

Risk

53.3/100 (15%)

Heartland Express, Inc. has some risk factors including moderate leverage or solvency concerns.

Financial LeverageModerate

Debt levels relative to earnings capacity.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioWeak

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

67.6/100 (15%)

Heartland Express, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.

Earnings YieldWeak

Inverse of forward P/E — higher yield means cheaper stock.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorStrong

Enterprise value multiple relative to sector median.

Moat

8/100 (25%)

Heartland Express, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for HTLD.

Score Composition

Quality
3.3×25%0.8
Growth
25.6×20%5.1
Risk
53.3×15%8.0
Valuation
67.6×15%10.1
Moat
8.0×25%2.0
Total
26.1Poor

Financial Data

More Stock Analysis

How is the HTLD UQS Score Calculated?

The UQS (Unified Quality Score) for Heartland Express, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Heartland Express, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Heartland Express, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.