HTLD (Heartland Express) EBIT: $-45.0 Mil (TTM As of Mar. 2026)

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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 EBIT?

Heartland Express HTLD +5.37% 60 EBIT is $-45.0 Mil as of Mar. 2026. 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.

Heartland Express's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-3.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-45.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Heartland Express's annualized ROC % for the quarter that ended in Mar. 2026 was -3.55%. Heartland Express's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Heartland Express's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -3.47%.


Heartland Express  (NAS:HTLD) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Heartland Express's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-42.448 * ( 1 - 9% )/( (1109.122 + 1064.934)/ 2 )
=-38.62768/1087.028
=-3.55 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1191.617 - 78.059 - ( 18.475 - max(0, 110.164 - 114.6+18.475))
=1109.122

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1180.919 - 85.346 - ( 44.49 - max(0, 112.562 - 143.201+44.49))
=1064.934

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Heartland Express's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-12.352/( ( (668.869 + max(-8.141, 0)) + (630.4 + max(-11.986, 0)) )/ 2 )
=-12.352/( ( 668.869 + 630.4 )/ 2 )
=-12.352/649.6345
=-1.90 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(74.172 + 0 + 20.807) - (78.059 + 0 + 25.061)
=-8.141

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(77.843 + 0 + 20.868) - (85.346 + 0 + 25.351)
=-11.986

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Heartland Express's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-44.956/1294.267
=-3.47 %

* 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 EBIT Related Terms


Heartland Express EBIT Historical Data

* Premium members only.

The historical data trend for Heartland Express's EBIT 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 EBIT Chart

Heartland Express Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 106.05 189.65 44.04 -19.09 -56.64

Heartland Express Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 -14.77 -12.22 -7.02 -22.63 -3.09

HTLD vs CVLG, MRTN, ULH: EBIT Comparison

For the Trucking subindustry, Heartland Express's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, Heartland Express's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Heartland Express's EV-to-EBIT falls into.


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

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-45.0 Mil.

* 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 EBIT →
What does a EBIT of $-45.0 Mil mean?
Heartland Express (HTLD) has a EBIT of $-45.0 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Heartland Express.
Is Heartland Express' EBIT too high?
Heartland Express' current EBIT is $-45.0 Mil. 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' EBIT compare to CVLG and MRTN?
Heartland Express' EBIT of $-45.0 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Transportation company?
A good EBIT depends on the Transportation industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Heartland Express. Heartland Express's current EBIT is $-45.0 Mil. 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 EBIT is $-45.0 Mil. 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 EBIT calculated?
EBIT is calculated from a company's financial statements. For Heartland Express (HTLD), the current EBIT is $-45.0 Mil 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:

  • EBIT: $-45.0 Mil
  • GF Value™: $7.98 vs. price of $15.30 (91.7% above fair value)
  • GF Score™: 60/100 with 5 warning signs

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

Get the complete analysis for HTLD

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

$15.30
Price
$7.98
GF Value