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Heartland Express Valuation Multiples
Discover revenue and EBITDA valuation multiples for Heartland Express and similar public comparables like Aramex, Kelsian Group, ReysaÅŸ Lojistik, Forward Air and more.
Heartland Express Overview
About Heartland Express
Heartland Express Inc is engaged in providing truckload services across the United States, Mexico, and Canada. These truckload services are asset-based transportation services in the dry van truckload market. The company offers truckload temperature-controlled transportation services, and Mexico logistics services. A majority of its customers represent the consumer goods, appliances, food products, and automotive industries.
Founded
1978
HQ
Employees
5.7K
Website
Financials (LTM)
EV
$1B
Heartland Express Financials
Heartland Express reported last 12-month revenue of $790M and EBITDA of $112M.
In the same LTM period, Heartland Express generated $548M in gross profit, $112M in EBITDA, and had net loss of ($45M).
Revenue (LTM)
Heartland Express P&L
In the most recent fiscal year, Heartland Express reported revenue of $806M and EBITDA of $107M.
Heartland Express expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $790M | XXX | $806M | XXX | XXX | XXX |
| Gross Profit | $548M | XXX | $68M | XXX | XXX | XXX |
| Gross Margin | 69% | XXX | 8% | XXX | XXX | XXX |
| EBITDA | $112M | XXX | $107M | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | (5%) | XXX | (6%) | XXX | XXX | XXX |
| Net Profit | ($45M) | XXX | ($52M) | XXX | XXX | XXX |
| Net Margin | (6%) | XXX | (7%) | XXX | XXX | XXX |
| Net Debt | — | — | $141M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Heartland Express Stock Performance
Heartland Express has current market cap of $872M, and enterprise value of $1B.
Market Cap Evolution
Heartland Express' stock price is $11.26.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $872M | 0.0% | XXX | XXX | XXX | $-0.68 |
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Start Free TrialHeartland Express Valuation Multiples
Heartland Express trades at 1.3x EV/Revenue multiple, and 9.1x EV/EBITDA.
EV / Revenue (LTM)
Heartland Express Financial Valuation Multiples
As of March 19, 2026, Heartland Express has market cap of $872M and EV of $1B.
Equity research analysts estimate Heartland Express' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Heartland Express has a P/E ratio of (19.2x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $872M | XXX | $872M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 9.1x | XXX | 9.5x | XXX | XXX | XXX |
| EV/EBIT | (25.0x) | XXX | (21.2x) | XXX | XXX | XXX |
| EV/Gross Profit | 1.9x | XXX | 15.0x | XXX | XXX | XXX |
| P/E | (19.2x) | XXX | (16.6x) | XXX | XXX | XXX |
| EV/FCF | 10.9x | XXX | 13.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Heartland Express Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Heartland Express Margins & Growth Rates
Heartland Express' revenue in the last 12 month declined by (6%).
Heartland Express' revenue per employee in the last FY averaged $0.1M.
Heartland Express' rule of 40 is 9% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Heartland Express' rule of X is (0%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Heartland Express Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (6%) | XXX | (9%) | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 31% | XXX | 24% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 9% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (0%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 16% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Heartland Express Public Comps
See public comps and valuation multiples for other Road Transportation and Logistics & Air Freight comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Aramex | XXX | XXX | XXX | XXX | XXX | XXX |
| Kelsian Group | XXX | XXX | XXX | XXX | XXX | XXX |
| ReysaÅŸ Lojistik | XXX | XXX | XXX | XXX | XXX | XXX |
| Forward Air | XXX | XXX | XXX | XXX | XXX | XXX |
| Gür-Sel Turizm | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Heartland Express M&A Activity
Heartland Express acquired XXX companies to date.
Last acquisition by Heartland Express was on XXXXXXXX, XXXXX. Heartland Express acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Heartland Express
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHeartland Express Investment Activity
Heartland Express invested in XXX companies to date.
Heartland Express made its latest investment on XXXXXXXX, XXXXX. Heartland Express invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Heartland Express
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Heartland Express
| When was Heartland Express founded? | Heartland Express was founded in 1978. |
| Where is Heartland Express headquartered? | Heartland Express is headquartered in United States. |
| How many employees does Heartland Express have? | As of today, Heartland Express has over 5K employees. |
| Who is the CEO of Heartland Express? | Heartland Express' CEO is Michael J. Gerdin. |
| Is Heartland Express publicly listed? | Yes, Heartland Express is a public company listed on Nasdaq. |
| What is the stock symbol of Heartland Express? | Heartland Express trades under HTLD ticker. |
| When did Heartland Express go public? | Heartland Express went public in 1986. |
| Who are competitors of Heartland Express? | Heartland Express main competitors are Aramex, Kelsian Group, ReysaÅŸ Lojistik, Forward Air. |
| What is the current market cap of Heartland Express? | Heartland Express' current market cap is $872M. |
| What is the current revenue of Heartland Express? | Heartland Express' last 12 months revenue is $790M. |
| What is the current revenue growth of Heartland Express? | Heartland Express revenue growth (NTM/LTM) is (6%). |
| What is the current EV/Revenue multiple of Heartland Express? | Current revenue multiple of Heartland Express is 1.3x. |
| Is Heartland Express profitable? | Yes, Heartland Express is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Heartland Express? | Heartland Express' last 12 months EBITDA is $112M. |
| What is Heartland Express' EBITDA margin? | Heartland Express' last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of Heartland Express? | Current EBITDA multiple of Heartland Express is 9.1x. |
| What is the current FCF of Heartland Express? | Heartland Express' last 12 months FCF is $93M. |
| What is Heartland Express' FCF margin? | Heartland Express' last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of Heartland Express? | Current FCF multiple of Heartland Express is 10.9x. |
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