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Side-by-side financial comparison of Freshworks Inc. (FRSH) and HEARTLAND EXPRESS INC (HTLD). Click either name above to swap in a different company.

Freshworks Inc. is the larger business by last-quarter revenue ($222.7M vs $179.4M, roughly 1.2× HEARTLAND EXPRESS INC). Freshworks Inc. runs the higher net margin — 86.0% vs -10.8%, a 96.8% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (14.5% vs -26.1%). Freshworks Inc. produced more free cash flow last quarter ($60.1M vs $-44.2M). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (16.1% CAGR vs -18.5%).

Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing.

Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.

FRSH vs HTLD — Head-to-Head

Bigger by revenue
FRSH
FRSH
1.2× larger
FRSH
$222.7M
$179.4M
HTLD
Growing faster (revenue YoY)
FRSH
FRSH
+40.5% gap
FRSH
14.5%
-26.1%
HTLD
Higher net margin
FRSH
FRSH
96.8% more per $
FRSH
86.0%
-10.8%
HTLD
More free cash flow
FRSH
FRSH
$104.3M more FCF
FRSH
$60.1M
$-44.2M
HTLD
Faster 2-yr revenue CAGR
FRSH
FRSH
Annualised
FRSH
16.1%
-18.5%
HTLD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FRSH
FRSH
HTLD
HTLD
Revenue
$222.7M
$179.4M
Net Profit
$191.4M
$-19.4M
Gross Margin
85.6%
Operating Margin
17.8%
-12.7%
Net Margin
86.0%
-10.8%
Revenue YoY
14.5%
-26.1%
Net Profit YoY
974.2%
-949.2%
EPS (diluted)
$0.66
$-0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FRSH
FRSH
HTLD
HTLD
Q4 25
$222.7M
$179.4M
Q3 25
$215.1M
$196.5M
Q2 25
$204.7M
$210.4M
Q1 25
$196.3M
$219.4M
Q4 24
$194.6M
$242.6M
Q3 24
$186.6M
$259.9M
Q2 24
$174.1M
$274.8M
Q1 24
$165.1M
$270.3M
Net Profit
FRSH
FRSH
HTLD
HTLD
Q4 25
$191.4M
$-19.4M
Q3 25
$-4.7M
$-8.3M
Q2 25
$-1.7M
$-10.9M
Q1 25
$-1.3M
$-13.9M
Q4 24
$-21.9M
$-1.9M
Q3 24
$-30.0M
$-9.3M
Q2 24
$-20.2M
$-3.5M
Q1 24
$-23.3M
$-15.1M
Gross Margin
FRSH
FRSH
HTLD
HTLD
Q4 25
85.6%
Q3 25
84.7%
Q2 25
84.8%
Q1 25
84.8%
Q4 24
84.9%
Q3 24
84.0%
Q2 24
83.8%
Q1 24
84.3%
Operating Margin
FRSH
FRSH
HTLD
HTLD
Q4 25
17.8%
-12.7%
Q3 25
-3.5%
-3.7%
Q2 25
-4.2%
-5.9%
Q1 25
-5.3%
-6.8%
Q4 24
-12.2%
0.4%
Q3 24
-20.8%
-2.7%
Q2 24
-25.1%
0.1%
Q1 24
-19.5%
-5.3%
Net Margin
FRSH
FRSH
HTLD
HTLD
Q4 25
86.0%
-10.8%
Q3 25
-2.2%
-4.2%
Q2 25
-0.8%
-5.2%
Q1 25
-0.7%
-6.3%
Q4 24
-11.3%
-0.8%
Q3 24
-16.1%
-3.6%
Q2 24
-11.6%
-1.3%
Q1 24
-14.1%
-5.6%
EPS (diluted)
FRSH
FRSH
HTLD
HTLD
Q4 25
$0.66
$-0.24
Q3 25
$-0.02
$-0.11
Q2 25
$-0.01
$-0.14
Q1 25
$0.00
$-0.18
Q4 24
$-0.07
$-0.03
Q3 24
$-0.10
$-0.12
Q2 24
$-0.07
$-0.04
Q1 24
$-0.08
$-0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FRSH
FRSH
HTLD
HTLD
Cash + ST InvestmentsLiquidity on hand
$781.4M
$18.5M
Total DebtLower is stronger
$154.1M
Stockholders' EquityBook value
$1.0B
$755.3M
Total Assets
$1.6B
$1.2B
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRSH
FRSH
HTLD
HTLD
Q4 25
$781.4M
$18.5M
Q3 25
$813.2M
$32.7M
Q2 25
$926.2M
$22.9M
Q1 25
$995.3M
$23.9M
Q4 24
$1.1B
$12.8M
Q3 24
$1.1B
$30.7M
Q2 24
$1.0B
$23.9M
Q1 24
$1.2B
$23.8M
Total Debt
FRSH
FRSH
HTLD
HTLD
Q4 25
$154.1M
Q3 25
Q2 25
Q1 25
Q4 24
$187.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FRSH
FRSH
HTLD
HTLD
Q4 25
$1.0B
$755.3M
Q3 25
$851.5M
$775.6M
Q2 25
$984.6M
$786.7M
Q1 25
$1.1B
$807.7M
Q4 24
$1.1B
$822.6M
Q3 24
$1.1B
$825.7M
Q2 24
$1.1B
$836.8M
Q1 24
$1.1B
$848.8M
Total Assets
FRSH
FRSH
HTLD
HTLD
Q4 25
$1.6B
$1.2B
Q3 25
$1.4B
$1.3B
Q2 25
$1.5B
$1.3B
Q1 25
$1.5B
$1.3B
Q4 24
$1.6B
$1.3B
Q3 24
$1.6B
$1.4B
Q2 24
$1.5B
$1.4B
Q1 24
$1.5B
$1.5B
Debt / Equity
FRSH
FRSH
HTLD
HTLD
Q4 25
0.20×
Q3 25
Q2 25
Q1 25
Q4 24
0.23×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FRSH
FRSH
HTLD
HTLD
Operating Cash FlowLast quarter
$62.3M
$14.9M
Free Cash FlowOCF − Capex
$60.1M
$-44.2M
FCF MarginFCF / Revenue
27.0%
-24.6%
Capex IntensityCapex / Revenue
1.0%
33.0%
Cash ConversionOCF / Net Profit
0.33×
TTM Free Cash FlowTrailing 4 quarters
$236.7M
$-66.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRSH
FRSH
HTLD
HTLD
Q4 25
$62.3M
$14.9M
Q3 25
$63.5M
$27.5M
Q2 25
$58.6M
$21.0M
Q1 25
$58.0M
$25.8M
Q4 24
$41.4M
$37.8M
Q3 24
$42.3M
$35.6M
Q2 24
$36.3M
$40.0M
Q1 24
$40.6M
$31.0M
Free Cash Flow
FRSH
FRSH
HTLD
HTLD
Q4 25
$60.1M
$-44.2M
Q3 25
$61.7M
$-12.2M
Q2 25
$58.2M
$-12.8M
Q1 25
$56.7M
$2.3M
Q4 24
$36.3M
$-45.5M
Q3 24
$41.3M
$24.6M
Q2 24
$34.0M
$29.4M
Q1 24
$39.9M
$26.3M
FCF Margin
FRSH
FRSH
HTLD
HTLD
Q4 25
27.0%
-24.6%
Q3 25
28.7%
-6.2%
Q2 25
28.4%
-6.1%
Q1 25
28.9%
1.0%
Q4 24
18.7%
-18.8%
Q3 24
22.1%
9.5%
Q2 24
19.5%
10.7%
Q1 24
24.1%
9.7%
Capex Intensity
FRSH
FRSH
HTLD
HTLD
Q4 25
1.0%
33.0%
Q3 25
0.8%
20.2%
Q2 25
0.2%
16.1%
Q1 25
0.7%
10.7%
Q4 24
2.6%
34.3%
Q3 24
0.6%
4.2%
Q2 24
1.3%
3.8%
Q1 24
0.4%
1.7%
Cash Conversion
FRSH
FRSH
HTLD
HTLD
Q4 25
0.33×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FRSH
FRSH

Subscription Services Software Licenses And Maintenance$220.2M99%
Professional Services$2.5M1%

HTLD
HTLD

Segment breakdown not available.

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