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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) and HEARTLAND EXPRESS INC (HTLD). Click either name above to swap in a different company.

HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $98.7M, roughly 1.8× GCL Global Holdings Ltd). GCL Global Holdings Ltd runs the higher net margin — -5.2% vs -10.8%, a 5.7% gap on every dollar of revenue. GCL Global Holdings Ltd produced more free cash flow last quarter ($-5.2M vs $-44.2M).

GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.

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

GCL vs HTLD — Head-to-Head

Bigger by revenue
HTLD
HTLD
1.8× larger
HTLD
$179.4M
$98.7M
GCL
Higher net margin
GCL
GCL
5.7% more per $
GCL
-5.2%
-10.8%
HTLD
More free cash flow
GCL
GCL
$39.0M more FCF
GCL
$-5.2M
$-44.2M
HTLD

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GCL
GCL
HTLD
HTLD
Revenue
$98.7M
$179.4M
Net Profit
$-5.1M
$-19.4M
Gross Margin
11.0%
Operating Margin
-6.7%
-12.7%
Net Margin
-5.2%
-10.8%
Revenue YoY
-26.1%
Net Profit YoY
-949.2%
EPS (diluted)
$-0.04
$-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
GCL
GCL
HTLD
HTLD
Q4 25
$179.4M
Q3 25
$98.7M
$196.5M
Q2 25
$142.1M
$210.4M
Q1 25
$219.4M
Q4 24
$242.6M
Q3 24
$36.1M
$259.9M
Q2 24
$274.8M
Q1 24
$270.3M
Net Profit
GCL
GCL
HTLD
HTLD
Q4 25
$-19.4M
Q3 25
$-5.1M
$-8.3M
Q2 25
$5.6M
$-10.9M
Q1 25
$-13.9M
Q4 24
$-1.9M
Q3 24
$-1.9M
$-9.3M
Q2 24
$-3.5M
Q1 24
$-15.1M
Gross Margin
GCL
GCL
HTLD
HTLD
Q4 25
Q3 25
11.0%
Q2 25
15.0%
Q1 25
Q4 24
Q3 24
16.2%
Q2 24
Q1 24
Operating Margin
GCL
GCL
HTLD
HTLD
Q4 25
-12.7%
Q3 25
-6.7%
-3.7%
Q2 25
2.3%
-5.9%
Q1 25
-6.8%
Q4 24
0.4%
Q3 24
-5.6%
-2.7%
Q2 24
0.1%
Q1 24
-5.3%
Net Margin
GCL
GCL
HTLD
HTLD
Q4 25
-10.8%
Q3 25
-5.2%
-4.2%
Q2 25
3.9%
-5.2%
Q1 25
-6.3%
Q4 24
-0.8%
Q3 24
-5.2%
-3.6%
Q2 24
-1.3%
Q1 24
-5.6%
EPS (diluted)
GCL
GCL
HTLD
HTLD
Q4 25
$-0.24
Q3 25
$-0.04
$-0.11
Q2 25
$0.05
$-0.14
Q1 25
$-0.18
Q4 24
$-0.03
Q3 24
$-0.12
Q2 24
$-0.04
Q1 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
GCL
GCL
HTLD
HTLD
Cash + ST InvestmentsLiquidity on hand
$16.6M
$18.5M
Total DebtLower is stronger
$52.0M
$154.1M
Stockholders' EquityBook value
$33.1M
$755.3M
Total Assets
$159.9M
$1.2B
Debt / EquityLower = less leverage
1.57×
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCL
GCL
HTLD
HTLD
Q4 25
$18.5M
Q3 25
$16.6M
$32.7M
Q2 25
$18.2M
$22.9M
Q1 25
$23.9M
Q4 24
$12.8M
Q3 24
$2.7M
$30.7M
Q2 24
$23.9M
Q1 24
$23.8M
Total Debt
GCL
GCL
HTLD
HTLD
Q4 25
$154.1M
Q3 25
$52.0M
Q2 25
$11.9M
Q1 25
Q4 24
$187.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GCL
GCL
HTLD
HTLD
Q4 25
$755.3M
Q3 25
$33.1M
$775.6M
Q2 25
$35.9M
$786.7M
Q1 25
$807.7M
Q4 24
$822.6M
Q3 24
$15.9M
$825.7M
Q2 24
$836.8M
Q1 24
$848.8M
Total Assets
GCL
GCL
HTLD
HTLD
Q4 25
$1.2B
Q3 25
$159.9M
$1.3B
Q2 25
$101.6M
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$49.6M
$1.4B
Q2 24
$1.4B
Q1 24
$1.5B
Debt / Equity
GCL
GCL
HTLD
HTLD
Q4 25
0.20×
Q3 25
1.57×
Q2 25
0.33×
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
GCL
GCL
HTLD
HTLD
Operating Cash FlowLast quarter
$-4.8M
$14.9M
Free Cash FlowOCF − Capex
$-5.2M
$-44.2M
FCF MarginFCF / Revenue
-5.3%
-24.6%
Capex IntensityCapex / Revenue
0.4%
33.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-66.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCL
GCL
HTLD
HTLD
Q4 25
$14.9M
Q3 25
$-4.8M
$27.5M
Q2 25
$-10.3M
$21.0M
Q1 25
$25.8M
Q4 24
$37.8M
Q3 24
$6.1M
$35.6M
Q2 24
$40.0M
Q1 24
$31.0M
Free Cash Flow
GCL
GCL
HTLD
HTLD
Q4 25
$-44.2M
Q3 25
$-5.2M
$-12.2M
Q2 25
$-10.5M
$-12.8M
Q1 25
$2.3M
Q4 24
$-45.5M
Q3 24
$24.6M
Q2 24
$29.4M
Q1 24
$26.3M
FCF Margin
GCL
GCL
HTLD
HTLD
Q4 25
-24.6%
Q3 25
-5.3%
-6.2%
Q2 25
-7.4%
-6.1%
Q1 25
1.0%
Q4 24
-18.8%
Q3 24
9.5%
Q2 24
10.7%
Q1 24
9.7%
Capex Intensity
GCL
GCL
HTLD
HTLD
Q4 25
33.0%
Q3 25
0.4%
20.2%
Q2 25
0.1%
16.1%
Q1 25
10.7%
Q4 24
34.3%
Q3 24
4.2%
Q2 24
3.8%
Q1 24
1.7%
Cash Conversion
GCL
GCL
HTLD
HTLD
Q4 25
Q3 25
Q2 25
-1.84×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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