Heartland Express Inc (HTLD)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | -2.03% | -3.41% | -3.33% | -1.75% | 1.42% | 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% |
| Pretax margin | -3.50% | -2.72% | -2.82% | -1.46% | 1.64% | 2.74% | 6.43% | 15.32% | 18.71% | 24.60% | 29.35% | 18.18% | 17.46% | 16.80% | 15.59% | 15.04% | 14.61% | 13.38% | 13.67% | 14.90% |
| Net profit margin | -2.84% | -2.11% | -2.17% | -1.13% | 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% |
Heartland Express Inc's profitability ratios have displayed fluctuations over the years. The gross profit margin, which indicates the proportion of revenue remaining after accounting for cost of goods sold, has shown a significant increase from 5.66% in March 31, 2024, to 42.45% in September 30, 2022, before declining to 9.48% in December 31, 2023.
The operating profit margin, which measures operating income as a percentage of revenue, also exhibited volatility, with a notable peak at 29.26% in June 30, 2022, followed by a sharp decline in subsequent periods, reaching -3.33% in June 30, 2024.
The pretax margin, showing pre-tax earnings relative to total revenue, experienced a similar pattern of fluctuations, peaking at 29.35% in June 30, 2022, before dropping to -2.82% in June 30, 2024.
Lastly, the net profit margin, which reflects the percentage of revenue that translates into net income, showed variations with a peak of 21.64% in June 30, 2022, and a subsequent decline to -2.84% in December 31, 2024.
Overall, these ratios highlight the dynamic nature of Heartland Express Inc's profitability performance, indicating the company's ability to generate profits relative to its revenue streams, but also the impact of cost management and operational efficiency on its bottom line.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | -1.59% | -2.70% | -2.62% | -1.38% | 1.14% | 3.67% | 6.26% | 11.71% | 11.28% | 11.09% | 16.82% | 11.56% | 11.35% | 10.71% | 10.11% | 9.94% | 9.82% | 9.10% | 9.32% | 9.94% |
| Return on assets (ROA) | -2.23% | -1.67% | -1.71% | -0.89% | 0.98% | 1.60% | 3.78% | 8.03% | 8.00% | 8.14% | 12.44% | 8.69% | 8.54% | 7.99% | 7.61% | 7.51% | 7.44% | 6.87% | 7.06% | 7.54% |
| Return on total capital | -1.42% | -4.39% | -4.37% | -3.24% | 1.15% | 5.40% | 10.19% | 12.01% | 12.07% | 12.82% | 12.96% | 14.84% | 13.98% | 13.08% | 10.90% | 10.39% | 10.85% | 9.94% | 9.14% | 9.35% |
| Return on equity (ROE) | -2.06% | -2.76% | -2.89% | -1.53% | 1.71% | 2.92% | 6.91% | 14.93% | 15.62% | 16.46% | 16.93% | 11.09% | 10.90% | 10.81% | 9.82% | 9.87% | 9.78% | 9.13% | 9.35% | 10.06% |
Heartland Express Inc's profitability ratios have shown some fluctuations over the past few years.
- The Operating Return on Assets (Operating ROA) has generally been positive, ranging from 9.10% to a high of 16.82% in June 2022. However, it experienced a decline in the latter half of 2023 and into 2024, turning negative by December 2024, indicating a deterioration in the company's operational efficiency and profitability.
- The Return on Assets (ROA) followed a similar pattern, staying positive until June 2022 before declining sharply, turning negative by March 2024. This suggests that the company's overall profitability relative to its total assets has been weakening.
- The Return on Total Capital also exhibited a declining trend starting from June 2023, hitting negative values by March 2024. This indicates that the company's ability to generate returns from its total invested capital has been diminishing.
- The Return on Equity (ROE) displayed a similar pattern to the other ratios, declining steadily from June 2023 onwards and turning negative by March 2024. This implies a reduction in the returns earned on shareholders' equity over the period.
Overall, the declining trend in profitability ratios, especially the sharp drop in the latter half of 2023 and into 2024, suggests potential challenges for Heartland Express Inc in effectively utilizing its assets and generating returns for its shareholders.