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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $159.9M, roughly 1.1× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -10.8%, a 15.6% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -26.1%). INSTEEL INDUSTRIES INC produced more free cash flow last quarter ($-2.2M vs $-44.2M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% CAGR vs -18.5%).
Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.
Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.
HTLD vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $159.9M |
| Net Profit | $-19.4M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | -12.7% | 6.0% |
| Net Margin | -10.8% | 4.7% |
| Revenue YoY | -26.1% | 23.3% |
| Net Profit YoY | -949.2% | 602.4% |
| EPS (diluted) | $-0.24 | $0.39 |
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 | $179.4M | $159.9M | ||
| Q3 25 | $196.5M | $177.4M | ||
| Q2 25 | $210.4M | $179.9M | ||
| Q1 25 | $219.4M | $160.7M | ||
| Q4 24 | $242.6M | $129.7M | ||
| Q3 24 | $259.9M | $134.3M | ||
| Q2 24 | $274.8M | $145.8M | ||
| Q1 24 | $270.3M | $127.4M |
| Q4 25 | $-19.4M | $7.6M | ||
| Q3 25 | $-8.3M | $14.6M | ||
| Q2 25 | $-10.9M | $15.2M | ||
| Q1 25 | $-13.9M | $10.2M | ||
| Q4 24 | $-1.9M | $1.1M | ||
| Q3 24 | $-9.3M | $4.7M | ||
| Q2 24 | $-3.5M | $6.6M | ||
| Q1 24 | $-15.1M | $6.9M |
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 10.6% | ||
| Q1 24 | — | 12.3% |
| Q4 25 | -12.7% | 6.0% | ||
| Q3 25 | -3.7% | 10.8% | ||
| Q2 25 | -5.9% | 11.0% | ||
| Q1 25 | -6.8% | 8.3% | ||
| Q4 24 | 0.4% | 1.1% | ||
| Q3 24 | -2.7% | 4.5% | ||
| Q2 24 | 0.1% | 6.0% | ||
| Q1 24 | -5.3% | 7.0% |
| Q4 25 | -10.8% | 4.7% | ||
| Q3 25 | -4.2% | 8.2% | ||
| Q2 25 | -5.2% | 8.4% | ||
| Q1 25 | -6.3% | 6.4% | ||
| Q4 24 | -0.8% | 0.8% | ||
| Q3 24 | -3.6% | 3.5% | ||
| Q2 24 | -1.3% | 4.5% | ||
| Q1 24 | -5.6% | 5.4% |
| Q4 25 | $-0.24 | $0.39 | ||
| Q3 25 | $-0.11 | $0.74 | ||
| Q2 25 | $-0.14 | $0.78 | ||
| Q1 25 | $-0.18 | $0.52 | ||
| Q4 24 | $-0.03 | $0.06 | ||
| Q3 24 | $-0.12 | $0.24 | ||
| Q2 24 | $-0.04 | $0.34 | ||
| Q1 24 | $-0.19 | $0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.5M | $15.6M |
| Total DebtLower is stronger | $154.1M | — |
| Stockholders' EquityBook value | $755.3M | $358.8M |
| Total Assets | $1.2B | $456.1M |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.5M | $15.6M | ||
| Q3 25 | $32.7M | $38.6M | ||
| Q2 25 | $22.9M | $53.7M | ||
| Q1 25 | $23.9M | $28.4M | ||
| Q4 24 | $12.8M | $36.0M | ||
| Q3 24 | $30.7M | $111.5M | ||
| Q2 24 | $23.9M | $97.7M | ||
| Q1 24 | $23.8M | $83.9M |
| Q4 25 | $154.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $187.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $755.3M | $358.8M | ||
| Q3 25 | $775.6M | $371.5M | ||
| Q2 25 | $786.7M | $356.2M | ||
| Q1 25 | $807.7M | $341.4M | ||
| Q4 24 | $822.6M | $331.6M | ||
| Q3 24 | $825.7M | $350.9M | ||
| Q2 24 | $836.8M | $346.0M | ||
| Q1 24 | $848.8M | $340.6M |
| Q4 25 | $1.2B | $456.1M | ||
| Q3 25 | $1.3B | $462.6M | ||
| Q2 25 | $1.3B | $471.9M | ||
| Q1 25 | $1.3B | $421.9M | ||
| Q4 24 | $1.3B | $404.7M | ||
| Q3 24 | $1.4B | $422.6M | ||
| Q2 24 | $1.4B | $414.6M | ||
| Q1 24 | $1.5B | $397.2M |
| 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 | $14.9M | $-701.0K |
| Free Cash FlowOCF − Capex | $-44.2M | $-2.2M |
| FCF MarginFCF / Revenue | -24.6% | -1.4% |
| Capex IntensityCapex / Revenue | 33.0% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.9M | $-701.0K | ||
| Q3 25 | $27.5M | $-17.0M | ||
| Q2 25 | $21.0M | $28.5M | ||
| Q1 25 | $25.8M | $-3.3M | ||
| Q4 24 | $37.8M | $19.0M | ||
| Q3 24 | $35.6M | $16.2M | ||
| Q2 24 | $40.0M | $18.8M | ||
| Q1 24 | $31.0M | $1.4M |
| Q4 25 | $-44.2M | $-2.2M | ||
| Q3 25 | $-12.2M | $-18.7M | ||
| Q2 25 | $-12.8M | $26.9M | ||
| Q1 25 | $2.3M | $-5.5M | ||
| Q4 24 | $-45.5M | $16.3M | ||
| Q3 24 | $24.6M | $14.5M | ||
| Q2 24 | $29.4M | $15.5M | ||
| Q1 24 | $26.3M | $-580.0K |
| Q4 25 | -24.6% | -1.4% | ||
| Q3 25 | -6.2% | -10.6% | ||
| Q2 25 | -6.1% | 15.0% | ||
| Q1 25 | 1.0% | -3.5% | ||
| Q4 24 | -18.8% | 12.6% | ||
| Q3 24 | 9.5% | 10.8% | ||
| Q2 24 | 10.7% | 10.7% | ||
| Q1 24 | 9.7% | -0.5% |
| Q4 25 | 33.0% | 0.9% | ||
| Q3 25 | 20.2% | 1.0% | ||
| Q2 25 | 16.1% | 0.9% | ||
| Q1 25 | 10.7% | 1.4% | ||
| Q4 24 | 34.3% | 2.1% | ||
| Q3 24 | 4.2% | 1.3% | ||
| Q2 24 | 3.8% | 2.2% | ||
| Q1 24 | 1.7% | 1.5% |
| Q4 25 | — | -0.09× | ||
| Q3 25 | — | -1.17× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | — | -0.32× | ||
| Q4 24 | — | 17.56× | ||
| Q3 24 | — | 3.48× | ||
| Q2 24 | — | 2.86× | ||
| Q1 24 | — | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTLD
Segment breakdown not available.
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
