Heartland Express (HTLD) Operating Expenses (2009 - 2026)
Heartland Express (HTLD) posted quarterly Operating Expenses of $11.9 million for Q1 2026, down 94.94% year-over-year from $234.3 million in Q1 2025, and down 98.54% quarter-over-quarter from $813.0 million in Q4 2025.
Heartland Express (HTLD) Operating Expenses (2009 - 2026) Analysis & Trends
Heartland Express (HTLD) has reported Operating Expenses for 18 consecutive years, with $11.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 94.94% year-over-year to $11.9 million; the TTM figure through Mar 2026 stood at $1.0 billion (up 2.83% YoY), while the FY2025 annual figure was $863.1 million, down 19.16% from the prior year.
- Operating Expenses declined to $11.9 million in Q1 2026 per HTLD's latest filing, from $813.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $1.1 billion in Q4 2023 and bottomed at $6.1 million in Q2 2022.
- Historically, Operating Expenses has averaged $248.0 million across 5 years, with a median of $234.3 million in 2025.
- On a YoY basis, Operating Expenses climbed as much as 4353.35% in 2022 and fell as far as 95.22% in 2022.
- Heartland Express' Operating Expenses stood at $328.8 million in 2022, then soared by 239.89% to $1.1 billion in 2023, then tumbled by 78.38% to $241.6 million in 2024, then jumped by 236.58% to $813.0 million in 2025, then plunged by 98.54% to $11.9 million in 2026.
- Business Quant data shows HTLD's Operating Expenses at $11.9 million in Q1 2026, $813.0 million in Q4 2025, and $203.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 42.49 Bn | 42.21 Bn | 1.52 Bn | 1.09 Bn |
| 2 | Xpo | 23.08 Bn | 22.78 Bn | 1.89 Bn | 476.00 Mn |
| 3 | TFI International | 11.47 Bn | 11.26 Bn | - | 2.07 Bn |
| 4 | Knight-Swift Transportation Holdings | 11.33 Bn | 11.14 Bn | 1.77 Bn | 1.99 Bn |
| 5 | Saia | 9.61 Bn | 9.53 Bn | - | 831.28 Mn |
| 6 | Schneider National | 6.15 Bn | 5.63 Bn | 1.00 Bn | 1.50 Bn |
| 7 | Rxo | 3.68 Bn | 3.66 Bn | 302.00 Mn | 218.00 Mn |
| 8 | Arcbest | 3.03 Bn | 2.86 Bn | 1.14 Bn | 1.21 Bn |
| 9 | Werner Enterprises | 2.28 Bn | 2.23 Bn | - | 917.01 Mn |
| 10 | Heartland Express | 957.87 Mn | 895.49 Mn | 174.59 Mn | 167.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 167.58 Mn |
| Mar 31, 2026 | 11.87 Mn |
| Dec 31, 2025 | 813.04 Mn |
| Sep 30, 2025 | 203.80 Mn |
| Jun 30, 2025 | 17.44 Mn |
| Mar 31, 2025 | 234.32 Mn |
| Dec 31, 2024 | 241.56 Mn |
| Sep 30, 2024 | 267.00 Mn |
| Jun 30, 2024 | 274.49 Mn |
| Mar 31, 2024 | 284.70 Mn |
| Dec 31, 2023 | 1.12 Bn |
| Sep 30, 2023 | 16.60 Mn |
| Jun 30, 2023 | 16.05 Mn |
| Mar 31, 2023 | 15.03 Mn |
| Dec 31, 2022 | 328.76 Mn |
| Sep 30, 2022 | 239.23 Mn |
| Jun 30, 2022 | 6.07 Mn |
| Mar 31, 2022 | 128.88 Mn |
| Dec 31, 2021 | 485.15 Mn |
| Sep 30, 2021 | 5.37 Mn |