US · HTLD
Heartland Express, Inc.
- Sector
- Industrials · Trucking
- Headquarters
- North Liberty, IA 52317
- Website
- heartlandexpress.com
Price · as of 2025-12-31
$13.47
Market cap 854.25M
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $27.89 | +107.05% |
| Intrinsic Value(DCF) | $4.44 | -67.04% |
| Graham-Dodd Method(GD) | $2.19 | -83.75% |
| Graham Formula(GF) | $9.34 | -30.65% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $12.48 | $31.05 | $1.10 | $6.45 | $10.67 |
| 2012 | $12.50 | $24.91 | $1.06 | $0.00 | $8.02 |
| 2013 | $20.01 | $30.75 | $0.32 | $6.44 | $11.96 |
| 2014 | $22.49 | $37.45 | $0.32 | $7.92 | $53.73 |
| 2015 | $17.29 | $31.72 | $0.00 | $7.25 | $0.00 |
| 2016 | $18.76 | $34.25 | $1.48 | $7.05 | $0.00 |
| 2017 | $18.54 | $31.85 | $1.28 | $8.59 | $6.47 |
| 2018 | $18.51 | $31.70 | $1.87 | $9.08 | $7.68 |
| 2019 | $17.02 | $29.78 | $1.95 | $9.55 | $5.36 |
| 2020 | $18.60 | $32.18 | $1.79 | $9.98 | $13.90 |
| 2021 | $13.73 | $26.33 | $2.23 | $3.36 | $2.57 |
| 2022 | $15.76 | $27.86 | $109.54 | $14.04 | $109.91 |
| 2023 | $12.03 | $24.33 | $95.02 | $6.60 | $5.96 |
| 2024 | $9.95 | $25.05 | $24.79 | $3.56 | $1.70 |
| 2025 | $11.11 | $27.89 | $0.00 | $2.19 | $9.34 |
AI valuation
Our deep-learning model estimates Heartland Express, Inc.'s (HTLD) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $27.89
- Current price
- $13.47
- AI upside
- +107.05%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$4.44
-67.04% upside
Graham-Dodd
$2.19
-83.75% upside
Graham Formula
$9.34
-30.65% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| HTLD | Heartland Express, Inc. | $13.47 | 854.25M | +107% | -67% | -84% | -31% | -16.50 | 1.15 | 1.07 | 9.83 | -21.61 | 2.38 | -0.95% | -7.68% | -6.51% | -6.65% | -6.46% | -4.15% | 0.21 | -5.38 | 1.04 | 0.85 | 1.39 | 7632.00% | -2308.00% | -10000.00% | 0.00% | 0.00 | 0.00% | 0.00% | 0.00% | 6.11% | -16.30 | — | 1.25 | 2.83 |
| ADSE | ADS-TEC Energy PLC | $11.80 | 709.45M | +186% | -49% | — | — | -6.70 | -15.34 | 5.97 | -8.74 | -9.71 | -10.37 | 17.66% | -7.83% | -89.04% | 2210.73% | 64.42% | -72.66% | -0.39 | -0.53 | 1.86 | 0.83 | 0.08 | 6903.00% | 245.00% | -4216.00% | -2.69% | -0.26 | 132.36% | 0.00% | 0.00% | 0.00% | -75.56 | -36.78 | 5.91 | 1.25 |
| ASPN | Aspen Aerogels, Inc. | $3.12 | 257.86M | +27,332% | -58% | — | +4,480% | — | 1.15 | 1.00 | -30.88 | — | 1.15 | 16.97% | -18.96% | -143.69% | 0.00% | -13.74% | 0.00% | 0.33 | -0.01 | 3.90 | 3.10 | 12.61 | -288824.00% | -4011.00% | -10000.00% | 0.00% | 0.00 | 0.00% | 0.00% | — | 20.32% | -3.75 | — | 0.71 | 1.73 |
| CVLG | Covenant Logistics Group,… | $29.44 | 739.03M | +52% | -38% | -55% | -89% | 102.64 | 1.84 | 0.64 | 3.95 | — | 1.84 | 8.01% | 1.20% | 0.62% | 1.72% | 2.73% | 0.71% | 0.00 | 1.16 | 2.39 | 2.39 | -2.62 | -7923.00% | 292.00% | -47796.00% | 15.29% | 0.92 | 28.15% | 0.96% | 98.90% | 80.92% | 31.97 | 3.93 | 0.38 | 2.05 |
| FIP | FTAI Infrastructure Inc. | $5.81 | 675.09M | +4% | +447% | — | — | -2.81 | -5.00 | 1.46 | 2.00 | — | -1.32 | 0.00% | 0.00% | -51.82% | -119.01% | 0.00% | -6.41% | -0.55 | 0.00 | 0.25 | 0.22 | -1.01 | -1691.00% | 5159.00% | 2029.00% | -16.13% | -0.06 | -12.97% | 1.89% | -5.30% | 258.03% | — | -4.12 | 0.97 | -0.25 |
| FWRD | Forward Air Corporation | $25.29 | 790.27M | +262% | -60% | — | — | -7.31 | 6.95 | 0.32 | 17.02 | — | -0.60 | 20.48% | 1.46% | -4.32% | -68.43% | 1.48% | -3.90% | 21.94 | 0.20 | 1.22 | 1.06 | 12.79 | -8827.00% | 84.00% | -11358.00% | 1.94% | 0.10 | 0.64% | 0.00% | 0.00% | 0.11% | 86.98 | 207.51 | 1.27 | 0.95 |
| IIIN | Insteel Industries, Inc. | $37.28 | 723.1M | +20% | -22% | -71% | +67% | 15.04 | 1.66 | 0.95 | 8.06 | 13.42 | 1.95 | 14.43% | 8.40% | 6.33% | 11.36% | 14.36% | 9.27% | 0.01 | 1046.85 | 3.97 | 1.78 | -0.48 | 11212.00% | 2239.00% | -5148.00% | 3.07% | 0.41 | 6.56% | 3.53% | 53.00% | 3.89% | 10.70 | 30.73 | 0.90 | 7.15 |
| LTBR | Lightbridge Corporation | $12.93 | 335.06M | — | — | — | — | -16.23 | 1.57 | — | -5.92 | — | 1.57 | 0.00% | — | — | -16.08% | -2794.43% | -16.00% | 0.00 | — | 239.04 | 238.20 | 10.31 | -123.00% | — | 5043.00% | -4.49% | -16.85 | -1718.19% | 0.00% | 0.00% | 50.94% | -4.99 | -8.11 | — | 224.52 |
| NWPX | NWPX Infrastructure, Inc. | $77.60 | 745.71M | -34% | -58% | -32% | -32% | 22.65 | 2.03 | 1.52 | 13.17 | 481.37 | 2.54 | 19.70% | 9.67% | 6.73% | 9.21% | 7.74% | 6.06% | 0.26 | 19.50 | 3.78 | 1.21 | 1.47 | 471.00% | 679.00% | 3753.00% | 5.87% | 1.01 | 9.41% | 0.00% | 0.00% | 6.17% | 17.74 | 19.16 | 1.72 | 4.18 |
| ULH | Universal Logistics Holdi… | $16.63 | 437.87M | +193% | -34% | +111% | +454% | 5.56 | 1.12 | 0.39 | 4.60 | 14.01 | 2.50 | 17.11% | 11.00% | 7.04% | 22.03% | 12.45% | 8.55% | 1.30 | 5.89 | 1.35 | 1.27 | 2.46 | 3966.00% | 1106.00% | 35939.00% | -19.28% | 0.37 | -11.42% | 1.53% | 8.50% | 1.55% | 7.53 | -10.99 | 0.83 | 2.35 |
| VSTS | Vestis Corporation | $7.87 | 1.04B | +201% | -61% | — | — | -24.89 | 1.16 | 0.37 | 12.52 | — | -3.51 | 26.50% | 2.36% | -1.47% | -4.55% | 2.60% | -1.38% | 1.64 | 0.70 | 2.08 | 0.47 | 7.27 | -29375.00% | -253.00% | -9853.00% | 0.58% | 0.16 | 0.26% | 1.38% | -34.40% | 1.38% | 37.10 | 414.32 | 0.87 | 1.47 |
About Heartland Express, Inc.
Heartland Express, Inc., together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled truckload services. The company offers its services under the Heartland Express and Millis Transfer brand names. It primarily serves retailers and manufacturers in consumer goods, appliances, food products, and automotive industries. The company was founded in 1978 and is headquartered in North Liberty, Iowa.
- CEO
- Michael J. Gerdin
- Employees
- 5.22K
- Beta
- 1.15
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($4.44 ÷ $13.47) − 1 = -67.04% (DCF, example).