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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and Immunocore Holdings plc (IMCR). Click either name above to swap in a different company.
HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $104.5M, roughly 1.7× Immunocore Holdings plc). On growth, Immunocore Holdings plc posted the faster year-over-year revenue change (24.3% vs -26.1%). Immunocore Holdings plc produced more free cash flow last quarter ($-35.5M vs $-44.2M). Over the past eight quarters, Immunocore Holdings plc's revenue compounded faster (21.7% 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.
Immunocore is a global commercial-stage biotechnology company, based in Oxfordshire, which researches and develops biological drugs using soluble T-cell receptor technology.
HTLD vs IMCR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $104.5M |
| Net Profit | $-19.4M | — |
| Gross Margin | — | 97.4% |
| Operating Margin | -12.7% | -18.8% |
| Net Margin | -10.8% | — |
| Revenue YoY | -26.1% | 24.3% |
| Net Profit YoY | -949.2% | — |
| EPS (diluted) | $-0.24 | $-0.61 |
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 | $104.5M | ||
| Q3 25 | $196.5M | $103.7M | ||
| Q2 25 | $210.4M | $98.0M | ||
| Q1 25 | $219.4M | $93.9M | ||
| Q4 24 | $242.6M | $84.1M | ||
| Q3 24 | $259.9M | $80.2M | ||
| Q2 24 | $274.8M | $75.4M | ||
| Q1 24 | $270.3M | $70.5M |
| Q4 25 | $-19.4M | — | ||
| Q3 25 | $-8.3M | $-177.0K | ||
| Q2 25 | $-10.9M | $-10.3M | ||
| Q1 25 | $-13.9M | $5.0M | ||
| Q4 24 | $-1.9M | — | ||
| Q3 24 | $-9.3M | $8.7M | ||
| Q2 24 | $-3.5M | $-11.6M | ||
| Q1 24 | $-15.1M | $-24.4M |
| Q4 25 | — | 97.4% | ||
| Q3 25 | — | 99.5% | ||
| Q2 25 | — | 98.9% | ||
| Q1 25 | — | 99.1% | ||
| Q4 24 | — | 99.6% | ||
| Q3 24 | — | 99.4% | ||
| Q2 24 | — | 97.7% | ||
| Q1 24 | — | 99.7% |
| Q4 25 | -12.7% | -18.8% | ||
| Q3 25 | -3.7% | -6.9% | ||
| Q2 25 | -5.9% | -15.2% | ||
| Q1 25 | -6.8% | -3.9% | ||
| Q4 24 | 0.4% | -23.1% | ||
| Q3 24 | -2.7% | -10.6% | ||
| Q2 24 | 0.1% | -21.2% | ||
| Q1 24 | -5.3% | -37.6% |
| Q4 25 | -10.8% | — | ||
| Q3 25 | -4.2% | -0.2% | ||
| Q2 25 | -5.2% | -10.5% | ||
| Q1 25 | -6.3% | 5.4% | ||
| Q4 24 | -0.8% | — | ||
| Q3 24 | -3.6% | 10.9% | ||
| Q2 24 | -1.3% | -15.4% | ||
| Q1 24 | -5.6% | -34.7% |
| Q4 25 | $-0.24 | $-0.61 | ||
| Q3 25 | $-0.11 | $0.00 | ||
| Q2 25 | $-0.14 | $-0.20 | ||
| Q1 25 | $-0.18 | $0.10 | ||
| Q4 24 | $-0.03 | $-0.47 | ||
| Q3 24 | $-0.12 | $0.17 | ||
| Q2 24 | $-0.04 | $-0.23 | ||
| Q1 24 | $-0.19 | $-0.49 |
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 | $864.2M |
| Total DebtLower is stronger | $154.1M | — |
| Stockholders' EquityBook value | $755.3M | $381.0M |
| Total Assets | $1.2B | $1.1B |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.5M | $864.2M | ||
| Q3 25 | $32.7M | $892.4M | ||
| Q2 25 | $22.9M | $882.8M | ||
| Q1 25 | $23.9M | $837.0M | ||
| Q4 24 | $12.8M | $820.4M | ||
| Q3 24 | $30.7M | $901.3M | ||
| Q2 24 | $23.9M | $859.6M | ||
| Q1 24 | $23.8M | $832.8M |
| Q4 25 | $154.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $187.9M | — | ||
| Q3 24 | — | $438.7M | ||
| Q2 24 | — | $452.5M | ||
| Q1 24 | — | $452.5M |
| Q4 25 | $755.3M | $381.0M | ||
| Q3 25 | $775.6M | $396.6M | ||
| Q2 25 | $786.7M | $388.5M | ||
| Q1 25 | $807.7M | $378.5M | ||
| Q4 24 | $822.6M | $360.7M | ||
| Q3 24 | $825.7M | $377.8M | ||
| Q2 24 | $836.8M | $359.1M | ||
| Q1 24 | $848.8M | $359.5M |
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | $1.0B | ||
| Q1 24 | $1.5B | $994.0M |
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.23× | — | ||
| Q3 24 | — | 1.16× | ||
| Q2 24 | — | 1.26× | ||
| Q1 24 | — | 1.26× |
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 | $-32.7M |
| Free Cash FlowOCF − Capex | $-44.2M | $-35.5M |
| FCF MarginFCF / Revenue | -24.6% | -34.0% |
| Capex IntensityCapex / Revenue | 33.0% | 2.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | $-15.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.9M | $-32.7M | ||
| Q3 25 | $27.5M | $-4.5M | ||
| Q2 25 | $21.0M | $26.0M | ||
| Q1 25 | $25.8M | $435.0K | ||
| Q4 24 | $37.8M | $-14.0M | ||
| Q3 24 | $35.6M | $21.1M | ||
| Q2 24 | $40.0M | $23.5M | ||
| Q1 24 | $31.0M | $-4.6M |
| Q4 25 | $-44.2M | $-35.5M | ||
| Q3 25 | $-12.2M | $-5.2M | ||
| Q2 25 | $-12.8M | $25.6M | ||
| Q1 25 | $2.3M | $137.0K | ||
| Q4 24 | $-45.5M | $-17.5M | ||
| Q3 24 | $24.6M | $20.3M | ||
| Q2 24 | $29.4M | $23.1M | ||
| Q1 24 | $26.3M | $-5.0M |
| Q4 25 | -24.6% | -34.0% | ||
| Q3 25 | -6.2% | -5.0% | ||
| Q2 25 | -6.1% | 26.1% | ||
| Q1 25 | 1.0% | 0.1% | ||
| Q4 24 | -18.8% | -20.9% | ||
| Q3 24 | 9.5% | 25.3% | ||
| Q2 24 | 10.7% | 30.7% | ||
| Q1 24 | 9.7% | -7.1% |
| Q4 25 | 33.0% | 2.8% | ||
| Q3 25 | 20.2% | 0.7% | ||
| Q2 25 | 16.1% | 0.4% | ||
| Q1 25 | 10.7% | 0.3% | ||
| Q4 24 | 34.3% | 4.3% | ||
| Q3 24 | 4.2% | 1.0% | ||
| Q2 24 | 3.8% | 0.4% | ||
| Q1 24 | 1.7% | 0.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.42× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
