vs
Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and INDEPENDENCE REALTY TRUST, INC. (IRT). Click either name above to swap in a different company.
HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $165.3M, roughly 1.1× INDEPENDENCE REALTY TRUST, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -26.1%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% 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.
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
HTLD vs IRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $165.3M |
| Net Profit | $-19.4M | — |
| Gross Margin | — | — |
| Operating Margin | -12.7% | — |
| Net Margin | -10.8% | — |
| Revenue YoY | -26.1% | 2.5% |
| Net Profit YoY | -949.2% | — |
| EPS (diluted) | $-0.24 | $0.00 |
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.
| Q1 26 | — | $165.3M | ||
| Q4 25 | $179.4M | $167.1M | ||
| Q3 25 | $196.5M | $167.1M | ||
| Q2 25 | $210.4M | $162.2M | ||
| Q1 25 | $219.4M | $161.2M | ||
| Q4 24 | $242.6M | $161.0M | ||
| Q3 24 | $259.9M | $160.1M | ||
| Q2 24 | $274.8M | $158.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-19.4M | $33.3M | ||
| Q3 25 | $-8.3M | $6.9M | ||
| Q2 25 | $-10.9M | $8.0M | ||
| Q1 25 | $-13.9M | $8.4M | ||
| Q4 24 | $-1.9M | $-1.0M | ||
| Q3 24 | $-9.3M | $12.4M | ||
| Q2 24 | $-3.5M | $10.4M |
| Q1 26 | — | — | ||
| Q4 25 | -12.7% | — | ||
| Q3 25 | -3.7% | — | ||
| Q2 25 | -5.9% | — | ||
| Q1 25 | -6.8% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -2.7% | — | ||
| Q2 24 | 0.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | -10.8% | 19.9% | ||
| Q3 25 | -4.2% | 4.1% | ||
| Q2 25 | -5.2% | 5.0% | ||
| Q1 25 | -6.3% | 5.2% | ||
| Q4 24 | -0.8% | -0.6% | ||
| Q3 24 | -3.6% | 7.7% | ||
| Q2 24 | -1.3% | 6.5% |
| Q1 26 | — | $0.00 | ||
| Q4 25 | $-0.24 | $0.14 | ||
| Q3 25 | $-0.11 | $0.03 | ||
| Q2 25 | $-0.14 | $0.03 | ||
| Q1 25 | $-0.18 | $0.04 | ||
| Q4 24 | $-0.03 | $-0.01 | ||
| Q3 24 | $-0.12 | $0.05 | ||
| Q2 24 | $-0.04 | $0.05 |
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 | $23.3M |
| Total DebtLower is stronger | $154.1M | — |
| Stockholders' EquityBook value | $755.3M | $3.4B |
| Total Assets | $1.2B | $6.1B |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $23.3M | ||
| Q4 25 | $18.5M | $23.6M | ||
| Q3 25 | $32.7M | $23.3M | ||
| Q2 25 | $22.9M | $19.5M | ||
| Q1 25 | $23.9M | $29.1M | ||
| Q4 24 | $12.8M | $21.2M | ||
| Q3 24 | $30.7M | $17.6M | ||
| Q2 24 | $23.9M | $21.0M |
| Q1 26 | — | — | ||
| Q4 25 | $154.1M | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $187.9M | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $755.3M | $3.5B | ||
| Q3 25 | $775.6M | $3.5B | ||
| Q2 25 | $786.7M | $3.4B | ||
| Q1 25 | $807.7M | $3.5B | ||
| Q4 24 | $822.6M | $3.4B | ||
| Q3 24 | $825.7M | $3.4B | ||
| Q2 24 | $836.8M | $3.4B |
| Q1 26 | — | $6.1B | ||
| Q4 25 | $1.2B | $6.0B | ||
| Q3 25 | $1.3B | $6.1B | ||
| Q2 25 | $1.3B | $6.0B | ||
| Q1 25 | $1.3B | $6.0B | ||
| Q4 24 | $1.3B | $6.1B | ||
| Q3 24 | $1.4B | $5.9B | ||
| Q2 24 | $1.4B | $5.9B |
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | 0.66× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | 0.23× | 0.68× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.66× |
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 | — |
| Free Cash FlowOCF − Capex | $-44.2M | — |
| FCF MarginFCF / Revenue | -24.6% | — |
| Capex IntensityCapex / Revenue | 33.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $14.9M | $282.1M | ||
| Q3 25 | $27.5M | $79.3M | ||
| Q2 25 | $21.0M | $82.2M | ||
| Q1 25 | $25.8M | $60.4M | ||
| Q4 24 | $37.8M | $259.8M | ||
| Q3 24 | $35.6M | $69.2M | ||
| Q2 24 | $40.0M | $83.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 8.48× | ||
| Q3 25 | — | 11.51× | ||
| Q2 25 | — | 10.22× | ||
| Q1 25 | — | 7.23× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.60× | ||
| Q2 24 | — | 8.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTLD
Segment breakdown not available.
IRT
| Rental and other property revenue | $165.2M | 100% |
| Other revenue | $109.0K | 0% |
