Heartland Express Inc (HTLD)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	358,534	313,275	191,512	213,275	186,746
Revenue	US$ in thousands	1,207,460	967,996	607,284	645,262	596,815
Gross profit margin		29.69%	32.36%	31.54%	33.05%	31.29%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $358,534K ÷ $1,207,460K
= 29.69%

The gross profit margin for Heartland Express, Inc. has remained stable at 100.00% for the past five years, from 2019 to 2023. This consistent profitability measure indicates that the company effectively controls its production costs and manages its direct expenses related to the production of goods or services. A gross profit margin of 100.00% suggests that for every dollar generated from sales, the company is able to retain the entire amount after covering the cost of goods sold. This high level of gross profit margin reflects a strong pricing strategy, efficient operations, or potentially a unique competitive advantage within its industry. Continued monitoring of other financial metrics and external factors is recommended to gain a broader understanding of Heartland Express, Inc.'s overall financial health and performance.