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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) 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 $106.2M, roughly 1.7× GRID DYNAMICS HOLDINGS, INC.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — 0.3% vs -10.8%, a 11.1% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (5.9% vs -26.1%). GRID DYNAMICS HOLDINGS, INC. produced more free cash flow last quarter ($6.1M vs $-44.2M). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (15.3% CAGR vs -18.5%).

Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.

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

GDYN vs HTLD — Head-to-Head

Bigger by revenue
HTLD
HTLD
1.7× larger
HTLD
$179.4M
$106.2M
GDYN
Growing faster (revenue YoY)
GDYN
GDYN
+31.9% gap
GDYN
5.9%
-26.1%
HTLD
Higher net margin
GDYN
GDYN
11.1% more per $
GDYN
0.3%
-10.8%
HTLD
More free cash flow
GDYN
GDYN
$50.3M more FCF
GDYN
$6.1M
$-44.2M
HTLD
Faster 2-yr revenue CAGR
GDYN
GDYN
Annualised
GDYN
15.3%
-18.5%
HTLD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GDYN
GDYN
HTLD
HTLD
Revenue
$106.2M
$179.4M
Net Profit
$306.0K
$-19.4M
Gross Margin
34.0%
Operating Margin
0.5%
-12.7%
Net Margin
0.3%
-10.8%
Revenue YoY
5.9%
-26.1%
Net Profit YoY
-93.2%
-949.2%
EPS (diluted)
$0.01
$-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
GDYN
GDYN
HTLD
HTLD
Q4 25
$106.2M
$179.4M
Q3 25
$104.2M
$196.5M
Q2 25
$101.1M
$210.4M
Q1 25
$100.4M
$219.4M
Q4 24
$100.3M
$242.6M
Q3 24
$87.4M
$259.9M
Q2 24
$83.0M
$274.8M
Q1 24
$79.8M
$270.3M
Net Profit
GDYN
GDYN
HTLD
HTLD
Q4 25
$306.0K
$-19.4M
Q3 25
$1.2M
$-8.3M
Q2 25
$5.3M
$-10.9M
Q1 25
$2.9M
$-13.9M
Q4 24
$4.5M
$-1.9M
Q3 24
$4.3M
$-9.3M
Q2 24
$-817.0K
$-3.5M
Q1 24
$-3.9M
$-15.1M
Gross Margin
GDYN
GDYN
HTLD
HTLD
Q4 25
34.0%
Q3 25
33.3%
Q2 25
34.1%
Q1 25
36.8%
Q4 24
36.9%
Q3 24
37.4%
Q2 24
35.6%
Q1 24
34.7%
Operating Margin
GDYN
GDYN
HTLD
HTLD
Q4 25
0.5%
-12.7%
Q3 25
-0.2%
-3.7%
Q2 25
-0.1%
-5.9%
Q1 25
-2.0%
-6.8%
Q4 24
1.3%
0.4%
Q3 24
2.4%
-2.7%
Q2 24
0.0%
0.1%
Q1 24
-6.9%
-5.3%
Net Margin
GDYN
GDYN
HTLD
HTLD
Q4 25
0.3%
-10.8%
Q3 25
1.1%
-4.2%
Q2 25
5.2%
-5.2%
Q1 25
2.9%
-6.3%
Q4 24
4.5%
-0.8%
Q3 24
4.9%
-3.6%
Q2 24
-1.0%
-1.3%
Q1 24
-4.9%
-5.6%
EPS (diluted)
GDYN
GDYN
HTLD
HTLD
Q4 25
$0.01
$-0.24
Q3 25
$0.01
$-0.11
Q2 25
$0.06
$-0.14
Q1 25
$0.03
$-0.18
Q4 24
$0.06
$-0.03
Q3 24
$0.05
$-0.12
Q2 24
$-0.01
$-0.04
Q1 24
$-0.05
$-0.19

Balance Sheet & Financial Strength

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

Metric
GDYN
GDYN
HTLD
HTLD
Cash + ST InvestmentsLiquidity on hand
$342.1M
$18.5M
Total DebtLower is stronger
$154.1M
Stockholders' EquityBook value
$542.1M
$755.3M
Total Assets
$612.9M
$1.2B
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
HTLD
HTLD
Q4 25
$342.1M
$18.5M
Q3 25
$338.6M
$32.7M
Q2 25
$336.8M
$22.9M
Q1 25
$325.5M
$23.9M
Q4 24
$334.7M
$12.8M
Q3 24
$231.3M
$30.7M
Q2 24
$256.0M
$23.9M
Q1 24
$249.4M
$23.8M
Total Debt
GDYN
GDYN
HTLD
HTLD
Q4 25
$154.1M
Q3 25
Q2 25
Q1 25
Q4 24
$187.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GDYN
GDYN
HTLD
HTLD
Q4 25
$542.1M
$755.3M
Q3 25
$537.7M
$775.6M
Q2 25
$532.2M
$786.7M
Q1 25
$517.4M
$807.7M
Q4 24
$517.8M
$822.6M
Q3 24
$400.2M
$825.7M
Q2 24
$388.4M
$836.8M
Q1 24
$382.8M
$848.8M
Total Assets
GDYN
GDYN
HTLD
HTLD
Q4 25
$612.9M
$1.2B
Q3 25
$613.2M
$1.3B
Q2 25
$608.9M
$1.3B
Q1 25
$590.9M
$1.3B
Q4 24
$592.2M
$1.3B
Q3 24
$477.3M
$1.4B
Q2 24
$443.6M
$1.4B
Q1 24
$435.3M
$1.5B
Debt / Equity
GDYN
GDYN
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
GDYN
GDYN
HTLD
HTLD
Operating Cash FlowLast quarter
$9.9M
$14.9M
Free Cash FlowOCF − Capex
$6.1M
$-44.2M
FCF MarginFCF / Revenue
5.7%
-24.6%
Capex IntensityCapex / Revenue
3.6%
33.0%
Cash ConversionOCF / Net Profit
32.34×
TTM Free Cash FlowTrailing 4 quarters
$25.3M
$-66.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDYN
GDYN
HTLD
HTLD
Q4 25
$9.9M
$14.9M
Q3 25
$7.0M
$27.5M
Q2 25
$14.4M
$21.0M
Q1 25
$9.4M
$25.8M
Q4 24
$7.1M
$37.8M
Q3 24
$9.2M
$35.6M
Q2 24
$10.7M
$40.0M
Q1 24
$3.2M
$31.0M
Free Cash Flow
GDYN
GDYN
HTLD
HTLD
Q4 25
$6.1M
$-44.2M
Q3 25
$2.9M
$-12.2M
Q2 25
$10.2M
$-12.8M
Q1 25
$6.0M
$2.3M
Q4 24
$4.4M
$-45.5M
Q3 24
$5.9M
$24.6M
Q2 24
$8.0M
$29.4M
Q1 24
$43.0K
$26.3M
FCF Margin
GDYN
GDYN
HTLD
HTLD
Q4 25
5.7%
-24.6%
Q3 25
2.8%
-6.2%
Q2 25
10.1%
-6.1%
Q1 25
6.0%
1.0%
Q4 24
4.4%
-18.8%
Q3 24
6.8%
9.5%
Q2 24
9.7%
10.7%
Q1 24
0.1%
9.7%
Capex Intensity
GDYN
GDYN
HTLD
HTLD
Q4 25
3.6%
33.0%
Q3 25
3.9%
20.2%
Q2 25
4.1%
16.1%
Q1 25
3.3%
10.7%
Q4 24
2.6%
34.3%
Q3 24
3.7%
4.2%
Q2 24
3.2%
3.8%
Q1 24
4.0%
1.7%
Cash Conversion
GDYN
GDYN
HTLD
HTLD
Q4 25
32.34×
Q3 25
5.92×
Q2 25
2.73×
Q1 25
3.21×
Q4 24
1.56×
Q3 24
2.15×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GDYN
GDYN

Other$30.6M29%
Technology Media And Telecom$30.1M28%
Financial Service$24.3M23%
Manufactured Product Other$10.8M10%
Related Party$7.6M7%
Health Care$2.8M3%

HTLD
HTLD

Segment breakdown not available.

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