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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and Kennedy-Wilson Holdings, Inc. (KW). Click either name above to swap in a different company.

HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $120.6M, roughly 1.5× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs -10.8%, a 58.9% gap on every dollar of revenue. On growth, Kennedy-Wilson Holdings, Inc. posted the faster year-over-year revenue change (-11.0% vs -26.1%). HEARTLAND EXPRESS INC produced more free cash flow last quarter ($-44.2M vs $-55.2M). Over the past eight quarters, Kennedy-Wilson Holdings, Inc.'s revenue compounded faster (-6.0% 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.

Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.

HTLD vs KW — Head-to-Head

Bigger by revenue
HTLD
HTLD
1.5× larger
HTLD
$179.4M
$120.6M
KW
Growing faster (revenue YoY)
KW
KW
+15.1% gap
KW
-11.0%
-26.1%
HTLD
Higher net margin
KW
KW
58.9% more per $
KW
48.1%
-10.8%
HTLD
More free cash flow
HTLD
HTLD
$11.0M more FCF
HTLD
$-44.2M
$-55.2M
KW
Faster 2-yr revenue CAGR
KW
KW
Annualised
KW
-6.0%
-18.5%
HTLD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HTLD
HTLD
KW
KW
Revenue
$179.4M
$120.6M
Net Profit
$-19.4M
$58.0M
Gross Margin
Operating Margin
-12.7%
57.3%
Net Margin
-10.8%
48.1%
Revenue YoY
-26.1%
-11.0%
Net Profit YoY
-949.2%
32.7%
EPS (diluted)
$-0.24
$0.22

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
HTLD
HTLD
KW
KW
Q4 25
$179.4M
$120.6M
Q3 25
$196.5M
$116.4M
Q2 25
$210.4M
$135.7M
Q1 25
$219.4M
$128.3M
Q4 24
$242.6M
$135.5M
Q3 24
$259.9M
$127.5M
Q2 24
$274.8M
$132.0M
Q1 24
$270.3M
$136.4M
Net Profit
HTLD
HTLD
KW
KW
Q4 25
$-19.4M
$58.0M
Q3 25
$-8.3M
$-10.2M
Q2 25
$-10.9M
$5.6M
Q1 25
$-13.9M
$-29.6M
Q4 24
$-1.9M
$43.7M
Q3 24
$-9.3M
$-66.8M
Q2 24
$-3.5M
$-48.3M
Q1 24
$-15.1M
$37.7M
Operating Margin
HTLD
HTLD
KW
KW
Q4 25
-12.7%
57.3%
Q3 25
-3.7%
-6.2%
Q2 25
-5.9%
7.4%
Q1 25
-6.8%
-26.9%
Q4 24
0.4%
36.7%
Q3 24
-2.7%
-60.8%
Q2 24
0.1%
-45.5%
Q1 24
-5.3%
47.2%
Net Margin
HTLD
HTLD
KW
KW
Q4 25
-10.8%
48.1%
Q3 25
-4.2%
-8.8%
Q2 25
-5.2%
4.1%
Q1 25
-6.3%
-23.1%
Q4 24
-0.8%
32.3%
Q3 24
-3.6%
-52.4%
Q2 24
-1.3%
-36.6%
Q1 24
-5.6%
27.6%
EPS (diluted)
HTLD
HTLD
KW
KW
Q4 25
$-0.24
$0.22
Q3 25
$-0.11
$-0.15
Q2 25
$-0.14
$-0.05
Q1 25
$-0.18
$-0.30
Q4 24
$-0.03
$0.24
Q3 24
$-0.12
$-0.56
Q2 24
$-0.04
$-0.43
Q1 24
$-0.19
$0.19

Balance Sheet & Financial Strength

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

Metric
HTLD
HTLD
KW
KW
Cash + ST InvestmentsLiquidity on hand
$18.5M
$184.5M
Total DebtLower is stronger
$154.1M
Stockholders' EquityBook value
$755.3M
$1.5B
Total Assets
$1.2B
$6.6B
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTLD
HTLD
KW
KW
Q4 25
$18.5M
$184.5M
Q3 25
$32.7M
$382.6M
Q2 25
$22.9M
$309.1M
Q1 25
$23.9M
$356.6M
Q4 24
$12.8M
$217.5M
Q3 24
$30.7M
$367.1M
Q2 24
$23.9M
$366.5M
Q1 24
$23.8M
$541.9M
Total Debt
HTLD
HTLD
KW
KW
Q4 25
$154.1M
Q3 25
Q2 25
Q1 25
Q4 24
$187.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HTLD
HTLD
KW
KW
Q4 25
$755.3M
$1.5B
Q3 25
$775.6M
$1.5B
Q2 25
$786.7M
$1.6B
Q1 25
$807.7M
$1.6B
Q4 24
$822.6M
$1.6B
Q3 24
$825.7M
$1.6B
Q2 24
$836.8M
$1.7B
Q1 24
$848.8M
$1.7B
Total Assets
HTLD
HTLD
KW
KW
Q4 25
$1.2B
$6.6B
Q3 25
$1.3B
$6.7B
Q2 25
$1.3B
$6.8B
Q1 25
$1.3B
$7.2B
Q4 24
$1.3B
$7.0B
Q3 24
$1.4B
$7.4B
Q2 24
$1.4B
$7.5B
Q1 24
$1.5B
$7.7B
Debt / Equity
HTLD
HTLD
KW
KW
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
HTLD
HTLD
KW
KW
Operating Cash FlowLast quarter
$14.9M
$11.4M
Free Cash FlowOCF − Capex
$-44.2M
$-55.2M
FCF MarginFCF / Revenue
-24.6%
-45.8%
Capex IntensityCapex / Revenue
33.0%
55.2%
Cash ConversionOCF / Net Profit
0.20×
TTM Free Cash FlowTrailing 4 quarters
$-66.9M
$-103.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HTLD
HTLD
KW
KW
Q4 25
$14.9M
$11.4M
Q3 25
$27.5M
$-7.6M
Q2 25
$21.0M
$42.0M
Q1 25
$25.8M
$-51.9M
Q4 24
$37.8M
$55.1M
Q3 24
$35.6M
$-5.6M
Q2 24
$40.0M
$36.7M
Q1 24
$31.0M
$-5.6M
Free Cash Flow
HTLD
HTLD
KW
KW
Q4 25
$-44.2M
$-55.2M
Q3 25
$-12.2M
$-18.0M
Q2 25
$-12.8M
$29.4M
Q1 25
$2.3M
$-59.7M
Q4 24
$-45.5M
$-76.5M
Q3 24
$24.6M
$-27.7M
Q2 24
$29.4M
$-500.0K
Q1 24
$26.3M
$-57.1M
FCF Margin
HTLD
HTLD
KW
KW
Q4 25
-24.6%
-45.8%
Q3 25
-6.2%
-15.5%
Q2 25
-6.1%
21.7%
Q1 25
1.0%
-46.5%
Q4 24
-18.8%
-56.5%
Q3 24
9.5%
-21.7%
Q2 24
10.7%
-0.4%
Q1 24
9.7%
-41.9%
Capex Intensity
HTLD
HTLD
KW
KW
Q4 25
33.0%
55.2%
Q3 25
20.2%
8.9%
Q2 25
16.1%
9.3%
Q1 25
10.7%
6.1%
Q4 24
34.3%
97.1%
Q3 24
4.2%
17.3%
Q2 24
3.8%
28.2%
Q1 24
1.7%
37.8%
Cash Conversion
HTLD
HTLD
KW
KW
Q4 25
0.20×
Q3 25
Q2 25
7.50×
Q1 25
Q4 24
1.26×
Q3 24
Q2 24
Q1 24
-0.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HTLD
HTLD

Segment breakdown not available.

KW
KW

Consolidated Portfolio Segment$84.9M70%
Investment Management Fees$30.4M25%
Real Estate$5.1M4%

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