Heartland Express Inc (HTLD)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -29,722 | -22,774 | -24,194 | -12,945 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,446,320 | 825,749 | 836,766 | 848,790 | 865,260 | 861,130 | 872,937 | 866,619 | 855,477 | 840,889 | 817,902 | 742,528 | 727,102 | 708,816 | 741,766 | 722,417 | 724,334 | 721,709 | 702,615 | 684,688 |
| 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-29,722K ÷ $1,446,320K
= -2.06%
Heartland Express Inc's return on equity (ROE) experienced fluctuation over the analyzed period from March 31, 2020, to December 31, 2024. The ROE started at a fairly moderate level of 10.06% in March 2020, gradually decreased to 9.13% by September 2020, and then slightly improved to 9.78% by December 2020. The trend continued with a fluctuating pattern until June 2022, which saw a notable increase to 16.93%.
However, from September 2022 onwards, the ROE began to decline significantly. It dropped to 2.92% by September 2023 and further decreased to 1.71% by December 2023. The trend worsened with negative returns in the following periods, with the ROE showing a negative performance, reaching its lowest point at -2.89% in June 2024.
The negative trend persisted, albeit slightly improving to -2.06% by December 2024. Overall, the ROE analysis indicates a period of instability and declining returns for Heartland Express Inc, suggesting potential challenges in generating profits relative to the shareholders' equity as the company navigates changing market conditions and operational factors.
Peer comparison
Dec 31, 2024