Heartland Express (HTLD) Operating Expenses (2009 - 2026)
Heartland Express (HTLD) recorded Operating Expenses of $177.21 million in Q3 2026, down 13.0% from $203.8 million a year earlier but up 5.7% from the prior quarter.
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Analysis
Heartland Express (HTLD) Operating Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, Heartland Express' Operating Expenses came in at $726.53 million as of Sep 30, 2026, down 19.5% year-over-year; for FY2025, it came in at $863.12 million, down 19.2% from FY2024.
- Annual Operating Expenses has a five-year compound annual growth rate of 9.4% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $1.07 billion in FY2024 (-8.4%), $1.17 billion in FY2023 (+49.4%), $779.64 million in FY2022 (+55.3%) and $501.88 million in FY2021 (-9.1%).
- Quarterly Operating Expenses has ranged from $82.77 million in Q2 2022 to $328.76 million in Q4 2022 over the past five years.
- On a year-over-year basis, Operating Expenses has declined for 12 consecutive quarters, with an average decline of 18.3% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 250.3% in Q2 2023, against a decline of 34.7% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $167.58 million (Q2 2026), $179.55 million (Q1 2026) and $202.2 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 179.72 Bn | 171.97 Bn | - | 4.25 Bn |
| 2 | Csx | 95.95 Bn | 91.18 Bn | - | 2.45 Bn |
| 3 | United Parcel Service | 84.51 Bn | 61.36 Bn | 22.04 Bn | 21.11 Bn |
| 4 | Canadian Pacific Kansas City | 81.84 Bn | 81.57 Bn | 57.15 Mn | 1.95 Bn |
| 5 | Fedex | 76.69 Bn | 42.88 Bn | 18.84 Bn | 23.46 Bn |
| 6 | Norfolk Southern | 73.66 Bn | 68.13 Bn | - | 2.38 Bn |
| 7 | Delta Air Lines | 56.72 Bn | 38.90 Bn | - | 18.73 Bn |
| 8 | Old Dominion Freight Line | 36.07 Bn | 34.91 Bn | 1.56 Bn | 1.14 Bn |
| 9 | United Airlines Holdings | 35.51 Bn | -22.18 Bn | - | 16.43 Bn |
| 10 | Heartland Express | 808.32 Mn | 634.46 Mn | 170.22 Mn | 177.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 177.21 Mn |
| Jun 30, 2026 | 167.58 Mn |
| Mar 31, 2026 | 179.55 Mn |
| Dec 31, 2025 | 202.20 Mn |
| Sep 30, 2025 | 203.80 Mn |
| Jun 30, 2025 | 222.81 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 | 264.64 Mn |
| Sep 30, 2023 | 302.47 Mn |
| Jun 30, 2023 | 289.94 Mn |
| Mar 31, 2023 | 308.03 Mn |
| Dec 31, 2022 | 328.76 Mn |
| Sep 30, 2022 | 239.23 Mn |
| Jun 30, 2022 | 82.77 Mn |
| Mar 31, 2022 | 128.88 Mn |
| Dec 31, 2021 | 121.64 Mn |
API Access
Heartland Express Operating Expenses 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=operating-expenses&ticker=HTLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=HTLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();