Heartland Express Inc (HTLD)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 29.76% | 33.96% | 34.70% | 34.07% | 32.44% | 33.20% | 31.75% | 31.69% | 31.59% | 51.86% | 52.50% | 52.94% | 52.72% | 53.54% | 53.09% | 53.58% | 54.90% | 53.32% | 53.80% | 52.71% |
| 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% |
| Pretax margin | 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% | 16.28% | 19.08% | 18.67% | 16.95% |
| 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% |
Heartland Express, Inc.'s profitability ratios demonstrate some fluctuations over the past eight quarters. The gross profit margin remained relatively stable above 99%, with Q4 2023 showing a 100% margin. This indicates efficient control over production costs.
In terms of operating profit margin, the company experienced a decline from Q1 2023 to Q4 2023, dropping from 7.79% to 0.11%. This may suggest challenges in managing operating expenses and generating profits from core operations.
The pretax margin fluctuated significantly, with the highest recorded in Q2 2022 at 29.35% and the lowest in Q4 2023 at 1.64%. Such variability could be due to changes in tax liabilities, operating efficiency, or non-operating income.
Heartland Express, Inc.'s net profit margin also varied, with Q4 2023 showing the lowest margin at 1.22% and Q2 2022 the highest at 21.64%. This indicates that the company's ability to convert revenue into profit has been inconsistent.
Overall, while the company has maintained a strong gross profit margin, its operating and net profit margins have shown volatility. Management may need to focus on enhancing operational efficiency and cost control to improve overall profitability in the future.
Return on investment
| 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 return on assets (Operating ROA) | 2.81% | 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% | 10.49% | 11.19% | 12.16% | 11.73% |
| Return on assets (ROA) | 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% | 8.12% | 8.71% | 9.44% | 9.20% |
| Return on total capital | 3.78% | 4.95% | 8.41% | 15.59% | 15.09% | 14.72% | 22.72% | 14.82% | 14.56% | 14.55% | 13.11% | 13.11% | 12.92% | 12.12% | 12.50% | 13.42% | 13.93% | 15.94% | 16.00% | 15.46% |
| Return on equity (ROE) | 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% | 10.66% | 12.27% | 12.42% | 12.13% |
Based on the profitability ratios of Heartland Express, Inc. over the past eight quarters, we observe fluctuations in the company's performance.
The Operating Return on Assets (Operating ROA) shows a downward trend from Q1 2022 to Q4 2023, decreasing from 7.61% to 0.09%. This indicates a declining ability of the company to generate operating profits from its assets over this time period.
Similarly, the Return on Assets (ROA) decreased significantly from Q1 2022 to Q4 2023, dropping from 8.69% to 0.98%. This suggests a decrease in the company's overall profitability measured against its total assets.
The Return on Total Capital also displays a downward trajectory from Q1 2022 to Q4 2023, declining from 9.70% to 0.11%. This indicates that the company's ability to generate returns from its total invested capital has been weakening.
The Return on Equity (ROE) shows a fluctuating pattern over the quarters, with a notable decrease from Q1 2022 to Q4 2023, falling from 16.93% to 1.71%. This shows a reduction in the company's ability to generate profits from its shareholders' equity.
Overall, these ratios suggest that Heartland Express, Inc. has experienced challenges in maintaining profitability and efficiency in utilizing its assets, total capital, and equity over the past eight quarters. Further analysis of the company's financial performance and operations would be necessary to understand the underlying reasons for these fluctuations and to develop strategies to improve profitability ratios in the future.