Heartland Express Inc (HTLD)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -36,675 | 19,853 | 181,091 | 106,047 | 94,261 |
| Revenue | US$ in thousands | 1,047,510 | 1,207,460 | 967,996 | 607,284 | 645,262 |
| Pretax margin | -3.50% | 1.64% | 18.71% | 17.46% | 14.61% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-36,675K ÷ $1,047,510K
= -3.50%
The pretax margin of Heartland Express Inc has shown fluctuating trends over the past five years. The company's pretax margin increased from 14.61% in 2020 to 17.46% in 2021, indicating improved profitability. This positive trend continued in the following year, with the pretax margin further increasing to 18.71% in 2022.
However, there was a noticeable decline in the pretax margin in 2023, dropping significantly to 1.64%. This sharp decrease may raise concerns about the company's ability to maintain profitability. Furthermore, the pretax margin turned negative in 2024, reaching -3.50%, indicating that Heartland Express Inc incurred losses before considering taxes.
Overall, while the company demonstrated initial improvements in profitability, the subsequent decline and negative pretax margin in the latest year are red flags that may require further investigation into the factors impacting the company's financial performance.
Peer comparison
Dec 31, 2024