Heartland Express Inc (HTLD)

Operating 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
Operating income (ttm)	US$ in thousands	42,385	57,846	100,028	188,853	188,358	188,696	187,227	109,523	105,407	102,668	96,734	94,372	93,419	87,317	86,717	90,758	94,275	106,172	104,565	97,682
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
Operating profit margin		3.51%	4.49%	7.90%	16.46%	19.46%	24.79%	29.26%	18.07%	17.36%	16.70%	15.49%	14.95%	14.48%	13.30%	13.50%	14.55%	15.80%	18.41%	18.03%	16.45%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $42,385K ÷ $1,207,458K
= 3.51%

The operating profit margin of Heartland Express, Inc. has shown a decreasing trend over the past eight quarters, from 11.89% in Q1 2022 to 0.11% in Q4 2023. This decline indicates that the company's ability to generate profits from its core operations has weakened significantly. Factors such as increased operating expenses, declining sales revenues, or inefficient cost management may be contributing to this trend. It is important for the company to closely analyze its financial performance and implement strategic measures to improve its operating profit margin in order to ensure long-term sustainability and profitability.