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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and NWPX Infrastructure, Inc. (NWPX). Click either name above to swap in a different company.
HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $138.3M, roughly 1.3× NWPX Infrastructure, Inc.). NWPX Infrastructure, Inc. runs the higher net margin — 7.6% vs -10.8%, a 18.5% gap on every dollar of revenue. On growth, NWPX Infrastructure, Inc. posted the faster year-over-year revenue change (19.1% vs -26.1%). Over the past eight quarters, NWPX Infrastructure, Inc.'s revenue compounded faster (3.3% 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.
HTLD vs NWPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $138.3M |
| Net Profit | $-19.4M | $10.5M |
| Gross Margin | — | 19.3% |
| Operating Margin | -12.7% | 9.2% |
| Net Margin | -10.8% | 7.6% |
| Revenue YoY | -26.1% | 19.1% |
| Net Profit YoY | -949.2% | 165.7% |
| EPS (diluted) | $-0.24 | $1.08 |
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 | — | $138.3M | ||
| Q4 25 | $179.4M | $125.6M | ||
| Q3 25 | $196.5M | $151.1M | ||
| Q2 25 | $210.4M | $133.2M | ||
| Q1 25 | $219.4M | $116.1M | ||
| Q4 24 | $242.6M | $119.6M | ||
| Q3 24 | $259.9M | $130.2M | ||
| Q2 24 | $274.8M | $129.5M |
| Q1 26 | — | $10.5M | ||
| Q4 25 | $-19.4M | $8.9M | ||
| Q3 25 | $-8.3M | $13.5M | ||
| Q2 25 | $-10.9M | $9.1M | ||
| Q1 25 | $-13.9M | $4.0M | ||
| Q4 24 | $-1.9M | $10.1M | ||
| Q3 24 | $-9.3M | $10.3M | ||
| Q2 24 | $-3.5M | $8.6M |
| Q1 26 | — | 19.3% | ||
| Q4 25 | — | 21.3% | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 16.7% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 19.9% |
| Q1 26 | — | 9.2% | ||
| Q4 25 | -12.7% | 10.4% | ||
| Q3 25 | -3.7% | 12.6% | ||
| Q2 25 | -5.9% | 9.9% | ||
| Q1 25 | -6.8% | 4.8% | ||
| Q4 24 | 0.4% | 8.8% | ||
| Q3 24 | -2.7% | 11.9% | ||
| Q2 24 | 0.1% | 10.5% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | -10.8% | 7.1% | ||
| Q3 25 | -4.2% | 8.9% | ||
| Q2 25 | -5.2% | 6.8% | ||
| Q1 25 | -6.3% | 3.4% | ||
| Q4 24 | -0.8% | 8.4% | ||
| Q3 24 | -3.6% | 7.9% | ||
| Q2 24 | -1.3% | 6.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $-0.24 | $0.88 | ||
| Q3 25 | $-0.11 | $1.38 | ||
| Q2 25 | $-0.14 | $0.91 | ||
| Q1 25 | $-0.18 | $0.39 | ||
| Q4 24 | $-0.03 | $1.00 | ||
| Q3 24 | $-0.12 | $1.02 | ||
| Q2 24 | $-0.04 | $0.86 |
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 | $14.3M |
| Total DebtLower is stronger | $154.1M | $10.7M |
| Stockholders' EquityBook value | $755.3M | $403.7M |
| Total Assets | $1.2B | $634.1M |
| Debt / EquityLower = less leverage | 0.20× | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $14.3M | ||
| Q4 25 | $18.5M | $2.3M | ||
| Q3 25 | $32.7M | $2.7M | ||
| Q2 25 | $22.9M | $2.0M | ||
| Q1 25 | $23.9M | $5.3M | ||
| Q4 24 | $12.8M | $5.0M | ||
| Q3 24 | $30.7M | $5.7M | ||
| Q2 24 | $23.9M | $4.5M |
| Q1 26 | — | $10.7M | ||
| Q4 25 | $154.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $187.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $403.7M | ||
| Q4 25 | $755.3M | $394.8M | ||
| Q3 25 | $775.6M | $386.4M | ||
| Q2 25 | $786.7M | $379.5M | ||
| Q1 25 | $807.7M | $378.5M | ||
| Q4 24 | $822.6M | $374.0M | ||
| Q3 24 | $825.7M | $362.4M | ||
| Q2 24 | $836.8M | $351.2M |
| Q1 26 | — | $634.1M | ||
| Q4 25 | $1.2B | $579.6M | ||
| Q3 25 | $1.3B | $605.2M | ||
| Q2 25 | $1.3B | $592.6M | ||
| Q1 25 | $1.3B | $582.2M | ||
| Q4 24 | $1.3B | $589.7M | ||
| Q3 24 | $1.4B | $617.2M | ||
| Q2 24 | $1.4B | $631.7M |
| Q1 26 | — | 0.03× | ||
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.23× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $29.3M |
| Free Cash FlowOCF − Capex | $-44.2M | — |
| FCF MarginFCF / Revenue | -24.6% | — |
| Capex IntensityCapex / Revenue | 33.0% | — |
| Cash ConversionOCF / Net Profit | — | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $29.3M | ||
| Q4 25 | $14.9M | $36.0M | ||
| Q3 25 | $27.5M | $21.0M | ||
| Q2 25 | $21.0M | $5.4M | ||
| Q1 25 | $25.8M | $4.8M | ||
| Q4 24 | $37.8M | $36.1M | ||
| Q3 24 | $35.6M | $22.7M | ||
| Q2 24 | $40.0M | $22.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-44.2M | $30.8M | ||
| Q3 25 | $-12.2M | $13.2M | ||
| Q2 25 | $-12.8M | $1.9M | ||
| Q1 25 | $2.3M | $1.2M | ||
| Q4 24 | $-45.5M | $31.9M | ||
| Q3 24 | $24.6M | $16.8M | ||
| Q2 24 | $29.4M | $16.2M |
| Q1 26 | — | — | ||
| Q4 25 | -24.6% | 24.5% | ||
| Q3 25 | -6.2% | 8.7% | ||
| Q2 25 | -6.1% | 1.4% | ||
| Q1 25 | 1.0% | 1.0% | ||
| Q4 24 | -18.8% | 26.7% | ||
| Q3 24 | 9.5% | 12.9% | ||
| Q2 24 | 10.7% | 12.5% |
| Q1 26 | — | — | ||
| Q4 25 | 33.0% | 4.1% | ||
| Q3 25 | 20.2% | 5.2% | ||
| Q2 25 | 16.1% | 2.6% | ||
| Q1 25 | 10.7% | 3.2% | ||
| Q4 24 | 34.3% | 3.5% | ||
| Q3 24 | 4.2% | 4.6% | ||
| Q2 24 | 3.8% | 4.7% |
| Q1 26 | — | 2.78× | ||
| Q4 25 | — | 4.06× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | 3.58× | ||
| Q3 24 | — | 2.22× | ||
| Q2 24 | — | 2.58× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTLD
Segment breakdown not available.
NWPX
| Water Transmission Systems | $93.5M | 68% |
| Precast Infrastructure and Engineered Systems | $44.8M | 32% |
