Heartland Express (HTLD) Operating Margin (2009 - 2026)
Heartland Express' Operating Margin came in at 8.99% for Q2 2026, up 14.89 percentage points from -5.90% a year earlier and up 10.86 percentage points from the prior quarter.
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Analysis
Heartland Express (HTLD) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Heartland Express reported Operating Margin of -2.29%, up 1.30 percentage points year-over-year; for FY2025, it came in at -7.13%, down 5.19 percentage points from FY2024.
- Operating Margin has declined in each of the last three years, with a five-year change of -21.60 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was -1.93% in FY2024 (-5.44 pp), 3.51% in FY2023 (-15.95 pp), 19.46% in FY2022 (+2.10 pp) and 17.36% in FY2021 (+2.88 pp).
- The Q2 2026 figure represents the highest quarterly Operating Margin since Q3 2022.
- Year-over-year, Operating Margin increased in two of the last eight quarters, with an average year-over-year change of -0.68 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q2 2022 (a gain of 38.19 percentage points), and the weakest in Q2 2023 (a drop of 50.63 percentage points).
- Business Quant data shows HTLD's Operating Margin at -1.87% (Q1 2026), -12.74% (Q4 2025) and -3.69% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 40.25% |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 38.27% |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 35.35% |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 4.07% |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 32.44% |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 6.20% |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 9.43% |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 29.94% |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 13.12% |
| 10 | Heartland Express | 884.63 Mn | 726.59 Mn | - | 8.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.99% |
| Mar 31, 2026 | -1.87% |
| Dec 31, 2025 | -12.74% |
| Sep 30, 2025 | -3.69% |
| Jun 30, 2025 | -5.90% |
| Mar 31, 2025 | -6.79% |
| Dec 31, 2024 | 0.42% |
| Sep 30, 2024 | -2.75% |
| Jun 30, 2024 | 0.10% |
| Mar 31, 2024 | -5.32% |
| Dec 31, 2023 | 3.89% |
| Sep 30, 2023 | -2.52% |
| Jun 30, 2023 | 5.30% |
| Mar 31, 2023 | 6.92% |
| Dec 31, 2022 | 7.37% |
| Sep 30, 2022 | 12.68% |
| Jun 30, 2022 | 55.93% |
| Mar 31, 2022 | 14.80% |
| Dec 31, 2021 | 17.89% |
| Sep 30, 2021 | 21.80% |
API Access
Heartland Express Operating 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=operating-margin&ticker=HTLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=HTLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();