Heartland Express Inc (HTLD)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	150,580	47,553	42,024	64,864	114,508	218,739	292,702	397,915	401,928	323,121	258,355	145,805	114,640	118,174	122,946	127,523	132,498	123,758	113,882	110,724
Revenue (ttm)	US$ in thousands	1,047,511	1,080,282	1,115,447	1,146,862	1,207,458	1,287,034	1,265,984	1,147,636	967,995	761,214	639,850	606,157	607,284	614,931	624,601	631,346	645,262	656,699	642,325	623,596
Gross profit margin		14.38%	4.40%	3.77%	5.66%	9.48%	17.00%	23.12%	34.67%	41.52%	42.45%	40.38%	24.05%	18.88%	19.22%	19.68%	20.20%	20.53%	18.85%	17.73%	17.76%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $150,580K ÷ $1,047,511K
= 14.38%

The gross profit margin of Heartland Express Inc has shown fluctuations over the past several quarters. From March 31, 2020, to June 30, 2022, the company experienced a gradual increase in its gross profit margin, reaching a peak of 42.45% on September 30, 2022. This significant improvement was followed by a decline in subsequent quarters, with the margin dropping to 4.40% on September 30, 2024.

The most recent data as of December 31, 2024, indicates a rebound in the gross profit margin to 14.38%, demonstrating a partial recovery from the previous decline. Overall, the company's gross profit margin has been volatile, reflecting fluctuations in its profitability and operational efficiencies over the analyzed period.