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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and NICOLET BANKSHARES INC (NIC). Click either name above to swap in a different company.
HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $104.0M, roughly 1.7× NICOLET BANKSHARES INC). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs -10.8%, a 49.6% gap on every dollar of revenue. On growth, NICOLET BANKSHARES INC posted the faster year-over-year revenue change (12.5% vs -26.1%). NICOLET BANKSHARES INC produced more free cash flow last quarter ($149.4M vs $-44.2M). Over the past eight quarters, NICOLET BANKSHARES INC's revenue compounded faster (12.5% 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.
Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.
HTLD vs NIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $104.0M |
| Net Profit | $-19.4M | $40.3M |
| Gross Margin | — | — |
| Operating Margin | -12.7% | 48.3% |
| Net Margin | -10.8% | 38.8% |
| Revenue YoY | -26.1% | 12.5% |
| Net Profit YoY | -949.2% | 16.9% |
| EPS (diluted) | $-0.24 | $2.63 |
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 | $104.0M | ||
| Q3 25 | $196.5M | $102.9M | ||
| Q2 25 | $210.4M | $95.7M | ||
| Q1 25 | $219.4M | $89.4M | ||
| Q4 24 | $242.6M | $92.4M | ||
| Q3 24 | $259.9M | $90.7M | ||
| Q2 24 | $274.8M | $85.0M | ||
| Q1 24 | $270.3M | $82.2M |
| Q4 25 | $-19.4M | $40.3M | ||
| Q3 25 | $-8.3M | $41.7M | ||
| Q2 25 | $-10.9M | $36.0M | ||
| Q1 25 | $-13.9M | $32.6M | ||
| Q4 24 | $-1.9M | $34.5M | ||
| Q3 24 | $-9.3M | $32.5M | ||
| Q2 24 | $-3.5M | $29.3M | ||
| Q1 24 | $-15.1M | $27.8M |
| Q4 25 | -12.7% | 48.3% | ||
| Q3 25 | -3.7% | 50.4% | ||
| Q2 25 | -5.9% | 46.8% | ||
| Q1 25 | -6.8% | 44.9% | ||
| Q4 24 | 0.4% | 46.8% | ||
| Q3 24 | -2.7% | 45.0% | ||
| Q2 24 | 0.1% | 43.3% | ||
| Q1 24 | -5.3% | 41.8% |
| Q4 25 | -10.8% | 38.8% | ||
| Q3 25 | -4.2% | 40.6% | ||
| Q2 25 | -5.2% | 37.6% | ||
| Q1 25 | -6.3% | 36.4% | ||
| Q4 24 | -0.8% | 37.3% | ||
| Q3 24 | -3.6% | 35.8% | ||
| Q2 24 | -1.3% | 34.5% | ||
| Q1 24 | -5.6% | 33.8% |
| Q4 25 | $-0.24 | $2.63 | ||
| Q3 25 | $-0.11 | $2.73 | ||
| Q2 25 | $-0.14 | $2.34 | ||
| Q1 25 | $-0.18 | $2.08 | ||
| Q4 24 | $-0.03 | $2.21 | ||
| Q3 24 | $-0.12 | $2.10 | ||
| Q2 24 | $-0.04 | $1.92 | ||
| Q1 24 | $-0.19 | $1.82 |
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 | — |
| Total DebtLower is stronger | $154.1M | $134.9M |
| Stockholders' EquityBook value | $755.3M | $1.3B |
| Total Assets | $1.2B | $9.2B |
| Debt / EquityLower = less leverage | 0.20× | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.5M | — | ||
| Q3 25 | $32.7M | — | ||
| Q2 25 | $22.9M | — | ||
| Q1 25 | $23.9M | — | ||
| Q4 24 | $12.8M | — | ||
| Q3 24 | $30.7M | — | ||
| Q2 24 | $23.9M | — | ||
| Q1 24 | $23.8M | — |
| Q4 25 | $154.1M | $134.9M | ||
| Q3 25 | — | $134.6M | ||
| Q2 25 | — | $134.3M | ||
| Q1 25 | — | $156.6M | ||
| Q4 24 | $187.9M | $161.4M | ||
| Q3 24 | — | $161.2M | ||
| Q2 24 | — | $162.4M | ||
| Q1 24 | — | $162.3M |
| Q4 25 | $755.3M | $1.3B | ||
| Q3 25 | $775.6M | $1.2B | ||
| Q2 25 | $786.7M | $1.2B | ||
| Q1 25 | $807.7M | $1.2B | ||
| Q4 24 | $822.6M | $1.2B | ||
| Q3 24 | $825.7M | $1.1B | ||
| Q2 24 | $836.8M | $1.1B | ||
| Q1 24 | $848.8M | $1.1B |
| Q4 25 | $1.2B | $9.2B | ||
| Q3 25 | $1.3B | $9.0B | ||
| Q2 25 | $1.3B | $8.9B | ||
| Q1 25 | $1.3B | $9.0B | ||
| Q4 24 | $1.3B | $8.8B | ||
| Q3 24 | $1.4B | $8.6B | ||
| Q2 24 | $1.4B | $8.6B | ||
| Q1 24 | $1.5B | $8.4B |
| Q4 25 | 0.20× | 0.11× | ||
| Q3 25 | — | 0.11× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | 0.23× | 0.14× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.15× |
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 | $153.5M |
| Free Cash FlowOCF − Capex | $-44.2M | $149.4M |
| FCF MarginFCF / Revenue | -24.6% | 143.7% |
| Capex IntensityCapex / Revenue | 33.0% | 3.9% |
| Cash ConversionOCF / Net Profit | — | 3.81× |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | $275.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.9M | $153.5M | ||
| Q3 25 | $27.5M | $45.9M | ||
| Q2 25 | $21.0M | $38.9M | ||
| Q1 25 | $25.8M | $41.8M | ||
| Q4 24 | $37.8M | $133.7M | ||
| Q3 24 | $35.6M | $39.6M | ||
| Q2 24 | $40.0M | $37.3M | ||
| Q1 24 | $31.0M | $23.4M |
| Q4 25 | $-44.2M | $149.4M | ||
| Q3 25 | $-12.2M | $45.9M | ||
| Q2 25 | $-12.8M | $38.4M | ||
| Q1 25 | $2.3M | $41.3M | ||
| Q4 24 | $-45.5M | $116.8M | ||
| Q3 24 | $24.6M | $34.7M | ||
| Q2 24 | $29.4M | $34.4M | ||
| Q1 24 | $26.3M | $20.1M |
| Q4 25 | -24.6% | 143.7% | ||
| Q3 25 | -6.2% | 44.6% | ||
| Q2 25 | -6.1% | 40.1% | ||
| Q1 25 | 1.0% | 46.2% | ||
| Q4 24 | -18.8% | 126.4% | ||
| Q3 24 | 9.5% | 38.3% | ||
| Q2 24 | 10.7% | 40.5% | ||
| Q1 24 | 9.7% | 24.4% |
| Q4 25 | 33.0% | 3.9% | ||
| Q3 25 | 20.2% | 0.0% | ||
| Q2 25 | 16.1% | 0.6% | ||
| Q1 25 | 10.7% | 0.5% | ||
| Q4 24 | 34.3% | 18.3% | ||
| Q3 24 | 4.2% | 5.4% | ||
| Q2 24 | 3.8% | 3.5% | ||
| Q1 24 | 1.7% | 4.0% |
| Q4 25 | — | 3.81× | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | — | 3.88× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
