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Side-by-side financial comparison of Global Net Lease, Inc. (GNL) 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 $117.0M, roughly 1.5× Global Net Lease, Inc.). Global Net Lease, Inc. runs the higher net margin — 41.2% vs -10.8%, a 52.0% gap on every dollar of revenue. On growth, Global Net Lease, Inc. posted the faster year-over-year revenue change (-15.1% vs -26.1%). Over the past eight quarters, Global Net Lease, Inc.'s revenue compounded faster (-11.1% CAGR vs -18.5%).
Global Net Lease, Inc. is a publicly traded real estate investment trust that acquires, owns and manages a diversified portfolio of commercial real estate assets under long-term net lease contracts. Its property portfolio spans North America and Europe, covering industrial, office, retail and other key sectors, serving tenants across multiple industries to deliver consistent long-term returns for shareholders.
Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.
GNL vs HTLD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $117.0M | $179.4M |
| Net Profit | $48.2M | $-19.4M |
| Gross Margin | — | — |
| Operating Margin | 94.7% | -12.7% |
| Net Margin | 41.2% | -10.8% |
| Revenue YoY | -15.1% | -26.1% |
| Net Profit YoY | 838.7% | -949.2% |
| EPS (diluted) | $0.14 | $-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.
| Q4 25 | $117.0M | $179.4M | ||
| Q3 25 | $121.0M | $196.5M | ||
| Q2 25 | $124.9M | $210.4M | ||
| Q1 25 | $132.4M | $219.4M | ||
| Q4 24 | $137.8M | $242.6M | ||
| Q3 24 | $138.7M | $259.9M | ||
| Q2 24 | $145.5M | $274.8M | ||
| Q1 24 | $147.9M | $270.3M |
| Q4 25 | $48.2M | $-19.4M | ||
| Q3 25 | $-60.1M | $-8.3M | ||
| Q2 25 | $-24.1M | $-10.9M | ||
| Q1 25 | $-189.4M | $-13.9M | ||
| Q4 24 | $-6.5M | $-1.9M | ||
| Q3 24 | $-65.6M | $-9.3M | ||
| Q2 24 | $-35.7M | $-3.5M | ||
| Q1 24 | $-23.8M | $-15.1M |
| Q4 25 | 94.7% | -12.7% | ||
| Q3 25 | -11.7% | -3.7% | ||
| Q2 25 | 33.9% | -5.9% | ||
| Q1 25 | -21.1% | -6.8% | ||
| Q4 24 | 40.8% | 0.4% | ||
| Q3 24 | 9.3% | -2.7% | ||
| Q2 24 | 42.6% | 0.1% | ||
| Q1 24 | 38.6% | -5.3% |
| Q4 25 | 41.2% | -10.8% | ||
| Q3 25 | -49.7% | -4.2% | ||
| Q2 25 | -19.3% | -5.2% | ||
| Q1 25 | -143.0% | -6.3% | ||
| Q4 24 | -4.7% | -0.8% | ||
| Q3 24 | -47.3% | -3.6% | ||
| Q2 24 | -24.5% | -1.3% | ||
| Q1 24 | -16.1% | -5.6% |
| Q4 25 | $0.14 | $-0.24 | ||
| Q3 25 | $-0.32 | $-0.11 | ||
| Q2 25 | $-0.16 | $-0.14 | ||
| Q1 25 | $-0.87 | $-0.18 | ||
| Q4 24 | $-0.08 | $-0.03 | ||
| Q3 24 | $-0.33 | $-0.12 | ||
| Q2 24 | $-0.20 | $-0.04 | ||
| Q1 24 | $-0.15 | $-0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $180.1M | $18.5M |
| Total DebtLower is stronger | — | $154.1M |
| Stockholders' EquityBook value | $1.7B | $755.3M |
| Total Assets | $4.3B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.20× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $180.1M | $18.5M | ||
| Q3 25 | $165.1M | $32.7M | ||
| Q2 25 | $144.8M | $22.9M | ||
| Q1 25 | $147.0M | $23.9M | ||
| Q4 24 | $159.7M | $12.8M | ||
| Q3 24 | $127.2M | $30.7M | ||
| Q2 24 | $122.2M | $23.9M | ||
| Q1 24 | $131.9M | $23.8M |
| Q4 25 | — | $154.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $187.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.7B | $755.3M | ||
| Q3 25 | $1.7B | $775.6M | ||
| Q2 25 | $1.8B | $786.7M | ||
| Q1 25 | $1.9B | $807.7M | ||
| Q4 24 | $2.2B | $822.6M | ||
| Q3 24 | $2.3B | $825.7M | ||
| Q2 24 | $2.4B | $836.8M | ||
| Q1 24 | $2.5B | $848.8M |
| Q4 25 | $4.3B | $1.2B | ||
| Q3 25 | $4.8B | $1.3B | ||
| Q2 25 | $5.0B | $1.3B | ||
| Q1 25 | $5.8B | $1.3B | ||
| Q4 24 | $7.0B | $1.3B | ||
| Q3 24 | $7.3B | $1.4B | ||
| Q2 24 | $7.6B | $1.4B | ||
| Q1 24 | $8.0B | $1.5B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $222.8M | $14.9M |
| Free Cash FlowOCF − Capex | — | $-44.2M |
| FCF MarginFCF / Revenue | — | -24.6% |
| Capex IntensityCapex / Revenue | — | 33.0% |
| Cash ConversionOCF / Net Profit | 4.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-66.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $222.8M | $14.9M | ||
| Q3 25 | $56.0M | $27.5M | ||
| Q2 25 | $52.0M | $21.0M | ||
| Q1 25 | $59.2M | $25.8M | ||
| Q4 24 | $299.5M | $37.8M | ||
| Q3 24 | $62.1M | $35.6M | ||
| Q2 24 | $70.4M | $40.0M | ||
| Q1 24 | $92.2M | $31.0M |
| Q4 25 | — | $-44.2M | ||
| Q3 25 | — | $-12.2M | ||
| Q2 25 | — | $-12.8M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | — | $-45.5M | ||
| Q3 24 | — | $24.6M | ||
| Q2 24 | — | $29.4M | ||
| Q1 24 | — | $26.3M |
| Q4 25 | — | -24.6% | ||
| Q3 25 | — | -6.2% | ||
| Q2 25 | — | -6.1% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | -18.8% | ||
| Q3 24 | — | 9.5% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | — | 9.7% |
| Q4 25 | — | 33.0% | ||
| Q3 25 | — | 20.2% | ||
| Q2 25 | — | 16.1% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 34.3% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | 4.62× | — | ||
| 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
GNL
| Industrial And Distribution Segment | $56.0M | 48% |
| Office Segment | $30.8M | 26% |
| Single Tenant Retail Segment | $30.2M | 26% |
HTLD
Segment breakdown not available.
