Heartland Express Inc (HTLD)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 442,531 | 145,281 | 401,928 | 114,642 | 132,497 |
| Revenue | US$ in thousands | 1,047,510 | 1,207,460 | 967,996 | 607,284 | 645,262 |
| Gross profit margin | 42.25% | 12.03% | 41.52% | 18.88% | 20.53% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $442,531K ÷ $1,047,510K
= 42.25%
The gross profit margin of Heartland Express Inc has shown fluctuations over the years based on the provided data. In December 31, 2020, the gross profit margin was 20.53%, which decreased to 18.88% by December 31, 2021. However, there was a significant improvement in profitability by December 31, 2022, with a gross profit margin of 41.52%. Subsequently, the margin dropped to 12.03% by December 31, 2023 before rebounding to 42.25% by December 31, 2024. These fluctuations indicate potential changes in the company's cost structure, pricing strategy, or sales volume, which can impact its overall profitability. Further analysis and comparison with industry benchmarks would provide more insights into Heartland Express Inc's performance and competitiveness in the market.
Peer comparison
Dec 31, 2024