Heartland Express (HTLD) Net Margin (2009 - 2026)
Heartland Express (HTLD) recorded Net Margin of 5.75% in Q2 2026, up 10.91 percentage points from -5.16% a year earlier and up 8.48 percentage points from the prior quarter.
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Analysis
Heartland Express (HTLD) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Heartland Express' Net Margin came in at -2.98% as of Jun 30, 2026, up 0.86 percentage points year-over-year; for FY2025, it was -6.51%, down 3.67 percentage points from FY2024.
- Annual Net Margin has declined for three straight years, with a five-year change of -17.48 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at -2.84% in FY2024 (-4.06 pp), 1.22% in FY2023 (-12.58 pp), 13.80% in FY2022 (+0.75 pp) and 13.05% in FY2021 (+2.08 pp).
- The Q2 2026 figure is the highest quarterly Net Margin since Q3 2022.
- On a year-over-year basis, Net Margin rose in three of the last eight quarters, with an average year-over-year change of -0.43 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 27.49 percentage points in Q2 2022, against a drop of 38.41 percentage points in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -2.73% (Q1 2026), -10.84% (Q4 2025) and -4.21% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 179.72 Bn | 171.97 Bn | - | 28.85% |
| 2 | Csx | 95.95 Bn | 91.18 Bn | - | 26.19% |
| 3 | United Parcel Service | 84.51 Bn | 61.36 Bn | 22.04 Bn | 5.09% |
| 4 | Canadian Pacific Kansas City | 81.84 Bn | 81.57 Bn | 57.15 Mn | 21.73% |
| 5 | Fedex | 76.69 Bn | 42.88 Bn | 18.84 Bn | 6.39% |
| 6 | Norfolk Southern | 73.66 Bn | 68.13 Bn | - | 21.53% |
| 7 | Delta Air Lines | 56.72 Bn | 38.90 Bn | - | 3.75% |
| 8 | Old Dominion Freight Line | 36.07 Bn | 34.91 Bn | 1.56 Bn | 21.61% |
| 9 | United Airlines Holdings | 35.51 Bn | -22.18 Bn | - | 5.76% |
| 10 | Heartland Express | 808.32 Mn | 634.46 Mn | 170.22 Mn | 0.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.53% |
| Jun 30, 2026 | 5.75% |
| Mar 31, 2026 | -2.73% |
| Dec 31, 2025 | -10.84% |
| Sep 30, 2025 | -4.21% |
| Jun 30, 2025 | -5.16% |
| Mar 31, 2025 | -6.32% |
| Dec 31, 2024 | -0.76% |
| Sep 30, 2024 | -3.57% |
| Jun 30, 2024 | -1.27% |
| Mar 31, 2024 | -5.59% |
| Dec 31, 2023 | 1.85% |
| Sep 30, 2023 | -3.63% |
| Jun 30, 2023 | 2.54% |
| Mar 31, 2023 | 3.81% |
| Dec 31, 2022 | 4.36% |
| Sep 30, 2022 | 8.91% |
| Jun 30, 2022 | 40.95% |
| Mar 31, 2022 | 11.09% |
| Dec 31, 2021 | 13.73% |
API Access
Heartland Express Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=HTLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "HTLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=HTLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();