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Heartland Express Valuation Multiples

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

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 $979M

LTM EBITDA $155M

EV

$872M

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Heartland Express Financials

Heartland Express has a last 12-month revenue (LTM) of $979M and a last 12-month EBITDA of $155M.

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

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $979M XXX $1.0B XXX XXX XXX
Gross Profit $678M XXX $110M XXX XXX XXX
Gross Margin 69% XXX 11% XXX XXX XXX
EBITDA $155M XXX $162M XXX XXX XXX
EBITDA Margin 16% XXX 16% XXX XXX XXX
EBIT -$20.7M XXX -$27.7M XXX XXX XXX
EBIT Margin -2% XXX -3% XXX XXX XXX
Net Profit -$25.2M XXX -$29.7M XXX XXX XXX
Net Margin -3% XXX -3% XXX XXX XXX
Net Debt XXX XXX $188M XXX XXX XXX

Financial data powered by Morningstar, Inc.

Heartland Express Stock Performance

As of July 17, 2025, Heartland Express's stock price is $9.

Heartland Express has current market cap of $690M, and EV of $872M.

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Heartland Express Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$872M $690M XXX XXX XXX XXX $-0.35

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Heartland Express Valuation Multiples

As of July 17, 2025, Heartland Express has market cap of $690M and EV of $872M.

Heartland Express's trades at 0.8x EV/Revenue multiple, and 5.4x EV/EBITDA.

Equity research analysts estimate Heartland Express's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Heartland Express has a P/E ratio of -27.4x.

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Heartland Express Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $690M XXX $690M XXX XXX XXX
EV (current) $872M XXX $872M XXX XXX XXX
EV/Revenue 0.9x XXX 0.8x XXX XXX XXX
EV/EBITDA 5.6x XXX 5.4x XXX XXX XXX
EV/EBIT -42.2x XXX -31.4x XXX XXX XXX
EV/Gross Profit 1.3x XXX n/a XXX XXX XXX
P/E -27.4x XXX -23.2x XXX XXX XXX
EV/FCF 8.1x XXX 25.1x XXX XXX XXX

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

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Heartland Express Margins & Growth Rates

Heartland Express's last 12 month revenue growth is -2%

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

Heartland Express's rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Heartland Express's rule of X is 10% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Heartland Express Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth -2% XXX -3% XXX XXX XXX
EBITDA Margin 16% XXX 16% XXX XXX XXX
EBITDA Growth 26% XXX -22% XXX XXX XXX
Rule of 40 18% XXX 13% XXX XXX XXX
Bessemer Rule of X XXX XXX 10% XXX XXX XXX
Revenue per Employee XXX XXX $0.2M XXX XXX XXX
Opex per Employee XXX XXX $24K XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX 13% 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 $690M
What is the current revenue of Heartland Express? Heartland Express's last 12 months revenue is $979M.
What is the current revenue growth of Heartland Express? Heartland Express revenue growth (NTM/LTM) is -2%.
What is the current EV/Revenue multiple of Heartland Express? Current revenue multiple of Heartland Express is 0.9x.
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's last 12 months EBITDA is $155M.
What is Heartland Express's EBITDA margin? Heartland Express's last 12 months EBITDA margin is 16%.
What is the current EV/EBITDA multiple of Heartland Express? Current EBITDA multiple of Heartland Express is 5.6x.
What is the current FCF of Heartland Express? Heartland Express's last 12 months FCF is $107M.
What is Heartland Express's FCF margin? Heartland Express's last 12 months FCF margin is 11%.
What is the current EV/FCF multiple of Heartland Express? Current FCF multiple of Heartland Express is 8.1x.

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