Heartland Express Inc (HTLD) - Net Assets
Based on the latest financial reports, Heartland Express Inc (HTLD) has net assets worth $755.32 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.19 Billion) and total liabilities ($436.30 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check HTLD financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $755.32 Million |
| % of Total Assets | 63.39% |
| Annual Growth Rate | 12.99% |
| 5-Year Change | 3.88% |
| 10-Year Change | 49.32% |
| Growth Volatility | 17.4 |
Heartland Express Inc - Net Assets Trend (1985–2025)
This chart illustrates how Heartland Express Inc's net assets have evolved over time, based on quarterly financial data. Also explore Heartland Express Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Heartland Express Inc (1985–2025)
The table below shows the annual net assets of Heartland Express Inc from 1985 to 2025. For live valuation and market cap data, see market value of Heartland Express Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $755.32 Million | -8.18% |
| 2024-12-31 | $822.60 Million | -4.93% |
| 2023-12-31 | $865.26 Million | +1.14% |
| 2022-12-31 | $855.48 Million | +17.66% |
| 2021-12-31 | $727.10 Million | +0.38% |
| 2020-12-31 | $724.33 Million | +5.79% |
| 2019-12-31 | $684.66 Million | +11.15% |
| 2018-12-31 | $615.97 Million | +7.19% |
| 2017-12-31 | $574.64 Million | +13.61% |
| 2016-12-31 | $505.83 Million | +7.64% |
| 2015-12-31 | $469.93 Million | -1.40% |
| 2014-12-31 | $476.59 Million | +19.85% |
| 2013-12-31 | $397.65 Million | +36.95% |
| 2012-12-31 | $290.36 Million | -14.79% |
| 2011-12-31 | $340.77 Million | +1.97% |
| 2010-12-31 | $334.19 Million | -9.11% |
| 2009-12-31 | $367.67 Million | +2.12% |
| 2008-12-31 | $360.04 Million | +5.04% |
| 2007-12-31 | $342.76 Million | -30.76% |
| 2006-12-31 | $495.02 Million | +14.26% |
| 2005-12-31 | $433.25 Million | +11.28% |
| 2004-12-31 | $389.34 Million | +17.02% |
| 2003-12-31 | $332.72 Million | +19.86% |
| 2002-12-31 | $277.59 Million | +19.25% |
| 2001-12-31 | $232.79 Million | +19.30% |
| 2000-12-31 | $195.13 Million | +11.61% |
| 1999-12-31 | $174.84 Million | -6.43% |
| 1998-12-31 | $186.85 Million | +21.54% |
| 1997-12-31 | $153.74 Million | +24.32% |
| 1996-12-31 | $123.67 Million | +25.38% |
| 1995-12-31 | $98.64 Million | +26.29% |
| 1994-12-31 | $78.10 Million | +16.39% |
| 1993-12-31 | $67.10 Million | +28.05% |
| 1992-12-31 | $52.40 Million | +28.75% |
| 1991-12-31 | $40.70 Million | +28.39% |
| 1990-12-31 | $31.70 Million | +32.08% |
| 1989-12-31 | $24.00 Million | +32.60% |
| 1988-12-31 | $18.10 Million | +38.17% |
| 1987-12-31 | $13.10 Million | +37.89% |
| 1986-12-31 | $9.50 Million | +66.67% |
| 1985-12-31 | $5.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Heartland Express Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 21841.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $965.40 Million | 127.81% |
| Common Stock | $907.00K | 0.12% |
| Total Equity | $755.32 Million | 100.00% |
Heartland Express Inc Competitors by Market Cap
The table below lists competitors of Heartland Express Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mirle Automation Corp
TW:2464
|
$738.24 Million |
|
Amata Corporation Public Company Limited
BK:AMATA
|
$738.40 Million |
|
Wanma Technology Co Ltd
SHE:300698
|
$738.85 Million |
|
Huayi Brothers Media Corp
SHE:300027
|
$738.92 Million |
|
Beijing Dataway Horizon Co. Ltd
SHE:301169
|
$738.14 Million |
|
Jiahe Foods Industry Co. Ltd.
SHG:605300
|
$738.07 Million |
|
Guangdong Eastone Century Technology Co Ltd
SHE:300310
|
$737.96 Million |
|
Tipco Asphalt Public Company Limited
BK:TASCO-R
|
$737.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heartland Express Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 822,599,000 to 755,319,000, a change of -67,280,000 (-8.2%).
- Net loss of 52,453,000 reduced equity.
- Dividend payments of 6,243,000 reduced retained earnings.
- Share repurchases of 10,395,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-52.45 Million | -6.94% |
| Dividends Paid | $6.24 Million | -0.83% |
| Share Repurchases | $10.39 Million | -1.38% |
| Other Changes | $1.81 Million | +0.24% |
| Total Change | $- | -8.18% |
Book Value vs Market Value Analysis
This analysis compares Heartland Express Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.39x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 232.46x to 1.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.06 | $13.47 | x |
| 1986-12-31 | $0.09 | $13.47 | x |
| 1987-12-31 | $0.10 | $13.47 | x |
| 1988-12-31 | $0.17 | $13.47 | x |
| 1989-12-31 | $0.21 | $13.47 | x |
| 1990-12-31 | $0.29 | $13.47 | x |
| 1991-12-31 | $0.37 | $13.47 | x |
| 1992-12-31 | $0.47 | $13.47 | x |
| 1993-12-31 | $0.59 | $13.47 | x |
| 1994-12-31 | $0.67 | $13.47 | x |
| 1995-12-31 | $0.82 | $13.47 | x |
| 1996-12-31 | $1.05 | $13.47 | x |
| 1997-12-31 | $1.30 | $13.47 | x |
| 1998-12-31 | $1.58 | $13.47 | x |
| 1999-12-31 | $1.48 | $13.47 | x |
| 2000-12-31 | $1.94 | $13.47 | x |
| 2001-12-31 | $2.33 | $13.47 | x |
| 2002-12-31 | $2.78 | $13.47 | x |
| 2003-12-31 | $3.33 | $13.47 | x |
| 2004-12-31 | $3.90 | $13.47 | x |
| 2005-12-31 | $4.37 | $13.47 | x |
| 2006-12-31 | $5.03 | $13.47 | x |
| 2007-12-31 | $3.51 | $13.47 | x |
| 2008-12-31 | $3.75 | $13.47 | x |
| 2009-12-31 | $4.03 | $13.47 | x |
| 2010-12-31 | $3.68 | $13.47 | x |
| 2011-12-31 | $3.80 | $13.47 | x |
| 2012-12-31 | $3.37 | $13.47 | x |
| 2013-12-31 | $4.65 | $13.47 | x |
| 2014-12-31 | $5.42 | $13.47 | x |
| 2015-12-31 | $5.39 | $13.47 | x |
| 2016-12-31 | $6.07 | $13.47 | x |
| 2017-12-31 | $6.90 | $13.47 | x |
| 2018-12-31 | $7.47 | $13.47 | x |
| 2019-12-31 | $8.35 | $13.47 | x |
| 2020-12-31 | $8.89 | $13.47 | x |
| 2021-12-31 | $9.13 | $13.47 | x |
| 2022-12-31 | $10.83 | $13.47 | x |
| 2023-12-31 | $10.94 | $13.47 | x |
| 2024-12-31 | $10.44 | $13.47 | x |
| 2025-12-31 | $9.69 | $13.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heartland Express Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.51%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.58x
- Recent ROE (-6.94%) is below the historical average (17.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 35.09% | 10.53% | 1.74x | 1.91x | $1.43 Million |
| 1986 | 31.58% | 13.89% | 1.74x | 1.31x | $2.05 Million |
| 1987 | 26.72% | 13.46% | 1.46x | 1.36x | $2.19 Million |
| 1988 | 27.62% | 14.45% | 1.41x | 1.36x | $3.19 Million |
| 1989 | 24.58% | 12.22% | 1.46x | 1.38x | $3.50 Million |
| 1990 | 23.03% | 11.61% | 1.43x | 1.39x | $4.13 Million |
| 1991 | 22.11% | 12.18% | 1.30x | 1.40x | $4.93 Million |
| 1992 | 22.14% | 12.02% | 1.27x | 1.45x | $6.36 Million |
| 1993 | 21.91% | 12.67% | 1.22x | 1.41x | $7.99 Million |
| 1994 | 12.93% | 4.50% | 1.64x | 1.75x | $2.29 Million |
| 1995 | 20.87% | 10.75% | 1.21x | 1.60x | $10.72 Million |
| 1996 | 20.24% | 10.93% | 1.20x | 1.55x | $12.66 Million |
| 1997 | 19.58% | 11.47% | 1.16x | 1.47x | $14.73 Million |
| 1998 | 17.72% | 12.57% | 1.03x | 1.37x | $14.42 Million |
| 1999 | 18.95% | 12.69% | 1.06x | 1.41x | $15.64 Million |
| 2000 | 17.58% | 12.48% | 1.03x | 1.37x | $14.79 Million |
| 2001 | 16.18% | 12.78% | 0.94x | 1.35x | $14.38 Million |
| 2002 | 15.42% | 12.56% | 0.91x | 1.34x | $15.05 Million |
| 2003 | 17.20% | 14.12% | 0.90x | 1.35x | $23.95 Million |
| 2004 | 16.01% | 13.66% | 0.88x | 1.33x | $23.43 Million |
| 2005 | 16.60% | 13.73% | 0.91x | 1.32x | $28.58 Million |
| 2006 | 17.61% | 15.24% | 0.85x | 1.35x | $37.67 Million |
| 2007 | 22.22% | 12.87% | 1.12x | 1.54x | $41.89 Million |
| 2008 | 19.43% | 11.18% | 1.12x | 1.55x | $33.96 Million |
| 2009 | 15.49% | 12.39% | 0.83x | 1.50x | $20.18 Million |
| 2010 | 18.62% | 12.46% | 0.99x | 1.51x | $28.80 Million |
| 2011 | 20.52% | 13.23% | 1.01x | 1.54x | $35.85 Million |
| 2012 | 21.19% | 11.28% | 1.17x | 1.61x | $32.50 Million |
| 2013 | 17.75% | 12.12% | 0.80x | 1.82x | $30.82 Million |
| 2014 | 17.80% | 9.74% | 1.15x | 1.59x | $37.18 Million |
| 2015 | 15.55% | 9.92% | 1.00x | 1.57x | $26.06 Million |
| 2016 | 11.15% | 9.20% | 0.83x | 1.46x | $5.80 Million |
| 2017 | 13.08% | 12.38% | 0.77x | 1.37x | $17.71 Million |
| 2018 | 11.80% | 11.90% | 0.76x | 1.31x | $11.08 Million |
| 2019 | 10.66% | 12.23% | 0.66x | 1.31x | $4.50 Million |
| 2020 | 9.78% | 10.97% | 0.68x | 1.31x | $-1.63 Million |
| 2021 | 10.90% | 13.05% | 0.65x | 1.28x | $6.57 Million |
| 2022 | 15.62% | 13.80% | 0.58x | 1.95x | $48.04 Million |
| 2023 | 1.71% | 1.22% | 0.80x | 1.74x | $-71.75 Million |
| 2024 | -3.61% | -2.84% | 0.79x | 1.62x | $-111.98 Million |
| 2025 | -6.94% | -6.51% | 0.68x | 1.58x | $-127.98 Million |
Industry Comparison
This section compares Heartland Express Inc's net assets metrics with peer companies in the Trucking industry.
Industry Context
- Industry: Trucking
- Average net assets among peers: $-1,390,831,871
- Average return on equity (ROE) among peers: 4.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heartland Express Inc (HTLD) | $755.32 Million | 35.09% | 0.58x | $738.15 Million |
| ArcBest Corp (ARCB) | $181.70 Million | 8.48% | 2.84x | $2.46 Billion |
| BEST Inc (BEST) | $-13.51 Billion | 0.00% | 0.00x | $56.09 Million |
| Covenant Logistics Group, Inc. (CVLG) | $172.27 Million | -9.71% | 1.55x | $441.94 Million |
| Covenant Logistics Group, Inc. (CVLG) | $63.50 Million | 14.65% | 0.77x | $686.50 Million |
| Elite Express Holding Inc. Class A Common Stock (ETS) | $13.19 Million | -16.57% | 0.04x | $7.12 Million |
| Knight Transportation Inc (KNX) | $24.73 Million | 23.47% | 0.74x | $8.44 Billion |
| Marten Transport Ltd (MRTN) | $34.70 Million | 18.44% | 1.79x | $1.08 Billion |
| Old Dominion Freight Line Inc (ODFL) | $345.05 Million | 15.50% | 0.86x | $40.61 Billion |
| PAMT CORP (PAMT) | $155.48 Million | -12.07% | 0.87x | $198.76 Million |
About Heartland Express Inc
Heartland Express, Inc., together with its subsidiaries, provides short, medium, and long-haul truckload carrier and transportation services in the United States, Mexico, and Canada. It primarily provides nationwide asset-based dry van truckload services for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services. The company offers its serv… Read more