HTLD (Heartland Express) Days Payable: 21.24 (As of Mar. 2026) — 90% Above Median

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HTLD Heartland Express Inc HTLD
60 GF Score
Price $15.30
GF Value $7.98
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Heartland Express Days Payable?

Heartland Express HTLD +5.37% 60 Days Payable is 21.24 as of Mar. 2026, which is 90% above its 10-year median of 11.18. GuruFocus rates HTLD with a GF Score™ of 60/100 and a GF Value™ of $7.98 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 968 Transportation companies, Heartland Express ranks worse than 71.69% on this metric.

Heartland Express's average Accounts Payable for the three months ended in Mar. 2026 was $37.1 Mil. Heartland Express's Cost of Goods Sold for the three months ended in Mar. 2026 was $159.3 Mil. Hence, Heartland Express's Days Payable for the three months ended in Mar. 2026 was 21.24.

The historical rank and industry rank for Heartland Express's Days Payable or its related term are showing as below:

HTLD' s Days Payable Range Over the Past 10 Years
Min: 7.58   Med: 11.18   Max: 24.36
Current: 24.36

During the past 13 years, Heartland Express's highest Days Payable was 24.36. The lowest was 7.58. And the median was 11.18.

HTLD's Days Payable is ranked worse than
71.69% of 968 companies
in the Transportation industry
Industry Median: 38.695 vs HTLD: 24.36

Heartland Express's Days Payable declined from Mar. 2025 (21.83) to Mar. 2026 (21.24). It may suggest that Heartland Express accelerated paying its suppliers.


Heartland Express Days Payable Historical Data

* Premium members only.

The historical data trend for Heartland Express's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Heartland Express Days Payable Chart

Heartland Express Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.68 19.80 17.27 14.24 17.02

Heartland Express Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.83 27.50 24.33 20.79 21.24

HTLD vs CVLG, MRTN, ULH: Days Payable Comparison

For the Trucking subindustry, Heartland Express's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Heartland Express Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, Heartland Express's Days Payable distribution charts can be found below:

* The bar in red indicates where Heartland Express's Days Payable falls into.


HTLD
60GF Score
Heartland Express Inc HTLD
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Heartland Express Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Heartland Express's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (35.37 + 33.479) / 2 ) / 738.165*365
=34.4245 / 738.165*365
=17.02

Heartland Express's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (33.479 + 40.682) / 2 ) / 159.32*365 / 4
=37.0805 / 159.32*365 / 4
=21.24

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 21.24 mean?
Heartland Express (HTLD) has a Days Payable of 21.24 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Heartland Express and its competitors. This is 90% above median its historical median of 11.18. Over the past decade, Heartland Express' Days Payable has ranged from 7.58 to 24.36. According to the industry distribution chart, Heartland Express ranks #694 out of 968 companies in the Transportation industry, placing it in the top 71.7%.
Is Heartland Express' Days Payable too high?
Heartland Express' current Days Payable of 21.24 is 90% above median its 10-year median of 11.18. Over the past 10 years, this metric has ranged from a low of 7.58 to a high of 24.36. The Transportation industry median Days Payable is 38.70. Heartland Express' value of 21.24 is 45.1% below this industry median. Based on the distribution chart, Heartland Express ranks #694 out of 968 companies in the Transportation industry, which is below the industry midpoint. Overall, Heartland Express has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Heartland Express' Days Payable compare to CVLG and MRTN?
According to the Transportation industry distribution chart, Heartland Express ranks #694 out of 968 companies for Days Payable. This places Heartland Express in the lower half of its industry. The industry median Days Payable is 38.70. Heartland Express' value of 21.24 is 45.1% below this benchmark. Historically, Heartland Express' own Days Payable has ranged from 7.58 to 24.36 over the past decade. While the company's 10-year median is 11.18 vs. the industry median of 38.70, Heartland Express has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Transportation company?
The median Days Payable among Transportation companies is 38.70, based on 968 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heartland Express's current Days Payable of 21.24 is 45.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Heartland Express and its competitors. For the Transportation industry, the median Days Payable is 38.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heartland Express's current Days Payable is 21.24, which is 90% above median its own 10-year median of 11.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heartland Express stock overvalued right now?
Based on GuruFocus' analysis, Heartland Express (HTLD) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.98, compared to a current price of $15.30 — trading 91.7% above its estimated fair value. The current Days Payable is 21.24, which is 90% above median its 10-year median of 11.18 and 45.1% below the Transportation industry median of 38.70. Heartland Express' overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Heartland Express (HTLD), the current Days Payable is 21.24 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Heartland Express (HTLD) Overvalued in 2026?

Based on GuruFocus' analysis, Heartland Express stock appears to be overvalued. The current stock price of $15.30 is trading 91.7% above its estimated GF Value™ of $7.98. GuruFocus considers Heartland Express to be Significantly Overvalued.

Key valuation signals for HTLD:

  • Days Payable: 21.24 (90% above median its 10-year median of 11.18)
  • GF Value™: $7.98 vs. price of $15.30 (91.7% above fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 45.1% below the Transportation median (#694 of 968)

No single metric tells the full story. See the HTLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heartland Express Business Description

Address 901 Heartland Way, North Liberty, IA, USA, 52317
Heartland Express Inc, along with its subsidiaries, operates as a short, medium, and long-haul truckload carrier and transportation services provider. It mainly provides nationwide asset-based dry van truckload service for shippers across the United States, along with cross-border freight and other transportation services offered through third-party partnerships in Mexico. The group operates under the brand names of Heartland Express, Millis Transfer, Smith Transport, and CFI (for services within Mexico).
60GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$15.30
Price
$7.98
GF Value