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Heartland Express Valuation Multiples

Discover revenue and EBITDA valuation multiples for Heartland Express and similar public comparables like Brambles, Toppoint, and PostNL.

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

United States of America
Employees

5.7K+

Financials

LTM Revenue $1.0B

LTM EBITDA $172M

EV

$859M

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Heartland Express Financials

Heartland Express has a last 12-month revenue of $1.0B and a last 12-month EBITDA of $172M.

In the most recent fiscal year, Heartland Express achieved revenue of $1.0B and an EBITDA of $162M.

Heartland Express expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Heartland Express P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $1.2B $1.0B XXX XXX XXX
Gross Profit $201M $145M XXX XXX XXX
Gross Margin 17% 14% XXX XXX XXX
EBITDA $243M $162M XXX XXX XXX
EBITDA Margin 20% 16% XXX XXX XXX
Net Profit $134M $14.8M XXX XXX XXX
Net Margin 11% 1% XXX XXX XXX
Net Debt $364M $272M XXX XXX XXX

Financial data powered by Morningstar, Inc.

Heartland Express Stock Performance

As of April 15, 2025, Heartland Express's stock price is $8.

Heartland Express has current market cap of $663M, and EV of $859M.

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Heartland Express Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$859M $663M XXX XXX XXX XXX $-0.27

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Heartland Express Valuation Multiples

As of April 15, 2025, Heartland Express has market cap of $663M and EV of $859M.

Heartland Express's trades at 0.8x LTM EV/Revenue multiple, and 5.0x LTM EBITDA.

Analysts estimate Heartland Express's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Heartland Express Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $859M XXX XXX XXX
EV/Revenue 0.8x XXX XXX XXX
EV/EBITDA 5.3x XXX XXX XXX
P/E -22.3x XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF 24.7x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Heartland Express Valuation Multiples

Heartland Express's NTM/LTM revenue growth is 1%

Heartland Express's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $24K for the same period.

Over next 12 months, Heartland Express's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Heartland Express's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Heartland Express Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -13% XXX XXX XXX XXX
EBITDA Margin 16% XXX XXX XXX XXX
EBITDA Growth -33% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 16% XXX XXX XXX XXX
Revenue per Employee $0.2M XXX XXX XXX XXX
Opex per Employee $24K XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue 6% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 13% XXX XXX XXX XXX

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Heartland Express Public Comps

See public comps and valuation multiples for Logistics & Air Freight and Road Transportation comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Ferrari Group XXX XXX XXX XXX XXX XXX
Inpost XXX XXX XXX XXX XXX XXX
PostNL XXX XXX XXX XXX XXX XXX
Toppoint XXX XXX XXX XXX XXX XXX
Brambles 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 and Investment Activity

Heartland Express acquired  XXX companies to date.

Last acquisition by Heartland Express was  XXXXXXXX, XXXXX XXXXX XXXXXX . Heartland Express acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Heartland Express

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About 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 of America.
How many employees does Heartland Express have? As of today, Heartland Express has 5.7K+ employees.
Who is the CEO of Heartland Express? Heartland Express's CEO is Mr. Michael J. Gerdin.
Is Heartland Express publicy listed? Yes, Heartland Express is a public company listed on NAS.
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? Similar companies to Heartland Express include e.g. Ferrari Group, Inpost, PostNL, Toppoint.
What is the current market cap of Heartland Express? Heartland Express's current market cap is $663M
What is the current revenue of Heartland Express? Heartland Express's last 12-month revenue is $1.0B.
What is the current EBITDA of Heartland Express? Heartland Express's last 12-month EBITDA is $172M.
What is the current EV/Revenue multiple of Heartland Express? Current revenue multiple of Heartland Express is 0.8x.
What is the current EV/EBITDA multiple of Heartland Express? Current EBITDA multiple of Heartland Express is 5.0x.
What is the current revenue growth of Heartland Express? Heartland Express revenue growth between 2023 and 2024 was -13%.
Is Heartland Express profitable? Yes, Heartland Express is EBITDA-positive (as of the last 12 months).

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