Heartland Express Inc (HTLD)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	14,775	25,169	60,287	129,422	133,585	138,431	138,482	82,318	79,277	76,614	72,862	71,302	70,806	65,921	65,708	68,887	72,967	82,620	81,175	76,617
Revenue (ttm)	US$ in thousands	1,207,458	1,287,007	1,265,957	1,147,609	967,968	761,214	639,850	606,157	607,284	614,931	624,601	631,373	645,289	656,727	642,353	623,597	596,815	576,591	579,962	593,644
Net profit margin		1.22%	1.96%	4.76%	11.28%	13.80%	18.19%	21.64%	13.58%	13.05%	12.46%	11.67%	11.29%	10.97%	10.04%	10.23%	11.05%	12.23%	14.33%	14.00%	12.91%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $14,775K ÷ $1,207,458K
= 1.22%

The net profit margin of Heartland Express, Inc. has displayed a declining trend over the last few quarters, decreasing from 21.64% in Q2 2022 to 1.22% in Q4 2023. This suggests a significant decrease in the company's ability to convert revenue into profit. The fluctuation in net profit margin could indicate varying levels of efficiency in cost management, pricing strategies, and revenue generation. The sharp decline from 13.58% in Q1 2022 to 1.22% in Q4 2023 is particularly noteworthy and may warrant further investigation into the underlying factors impacting profitability. Overall, it is imperative for Heartland Express to closely monitor and analyze the drivers behind these fluctuations to devise strategies aimed at improving its net profit margin in the future.