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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and PAMT CORP (PAMT). Click either name above to swap in a different company.
HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $141.3M, roughly 1.3× PAMT CORP). HEARTLAND EXPRESS INC runs the higher net margin — -10.8% vs -20.7%, a 9.9% gap on every dollar of revenue. On growth, PAMT CORP posted the faster year-over-year revenue change (-15.1% vs -26.1%). PAMT CORP produced more free cash flow last quarter ($-25.0M vs $-44.2M). Over the past eight quarters, PAMT CORP's revenue compounded faster (-12.0% 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.
HTLD vs PAMT — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $141.3M |
| Net Profit | $-19.4M | $-29.3M |
| Gross Margin | — | — |
| Operating Margin | -12.7% | -27.0% |
| Net Margin | -10.8% | -20.7% |
| Revenue YoY | -26.1% | -15.1% |
| Net Profit YoY | -949.2% | 7.4% |
| EPS (diluted) | $-0.24 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $196.5M | $150.3M | ||
| Q2 25 | $210.4M | $151.1M | ||
| Q1 25 | $219.4M | $155.3M | ||
| Q4 24 | $242.6M | $166.5M | ||
| Q3 24 | $259.9M | $182.6M | ||
| Q2 24 | $274.8M | $182.9M | ||
| Q1 24 | $270.3M | $182.6M |
| Q4 25 | $-19.4M | $-29.3M | ||
| Q3 25 | $-8.3M | $-5.6M | ||
| Q2 25 | $-10.9M | $-9.6M | ||
| Q1 25 | $-13.9M | $-8.1M | ||
| Q4 24 | $-1.9M | $-31.6M | ||
| Q3 24 | $-9.3M | $2.4M | ||
| Q2 24 | $-3.5M | $-2.9M | ||
| Q1 24 | $-15.1M | $281.0K |
| Q4 25 | -12.7% | -27.0% | ||
| Q3 25 | -3.7% | -3.8% | ||
| Q2 25 | -5.9% | -7.3% | ||
| Q1 25 | -6.8% | -5.9% | ||
| Q4 24 | 0.4% | -22.6% | ||
| Q3 24 | -2.7% | 1.3% | ||
| Q2 24 | 0.1% | -0.4% | ||
| Q1 24 | -5.3% | -0.4% |
| Q4 25 | -10.8% | -20.7% | ||
| Q3 25 | -4.2% | -3.7% | ||
| Q2 25 | -5.2% | -6.4% | ||
| Q1 25 | -6.3% | -5.2% | ||
| Q4 24 | -0.8% | -19.0% | ||
| Q3 24 | -3.6% | 1.3% | ||
| Q2 24 | -1.3% | -1.6% | ||
| Q1 24 | -5.6% | 0.2% |
| Q4 25 | $-0.24 | $-1.38 | ||
| Q3 25 | $-0.11 | $-0.27 | ||
| Q2 25 | $-0.14 | $-0.46 | ||
| Q1 25 | $-0.18 | $-0.37 | ||
| Q4 24 | $-0.03 | $-1.44 | ||
| Q3 24 | $-0.12 | $0.11 | ||
| Q2 24 | $-0.04 | $-0.13 | ||
| Q1 24 | $-0.19 | $0.01 |
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 | $83.7M |
| Total DebtLower is stronger | $154.1M | $333.9M |
| Stockholders' EquityBook value | $755.3M | $210.5M |
| Total Assets | $1.2B | $697.9M |
| Debt / EquityLower = less leverage | 0.20× | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.5M | $83.7M | ||
| Q3 25 | $32.7M | $115.6M | ||
| Q2 25 | $22.9M | $117.3M | ||
| Q1 25 | $23.9M | $102.7M | ||
| Q4 24 | $12.8M | $110.7M | ||
| Q3 24 | $30.7M | $92.3M | ||
| Q2 24 | $23.9M | $114.0M | ||
| Q1 24 | $23.8M | $125.8M |
| Q4 25 | $154.1M | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $187.9M | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $755.3M | $210.5M | ||
| Q3 25 | $775.6M | $239.5M | ||
| Q2 25 | $786.7M | $244.9M | ||
| Q1 25 | $807.7M | $269.6M | ||
| Q4 24 | $822.6M | $277.5M | ||
| Q3 24 | $825.7M | $308.9M | ||
| Q2 24 | $836.8M | $306.7M | ||
| Q1 24 | $848.8M | $314.6M |
| Q4 25 | $1.2B | $697.9M | ||
| Q3 25 | $1.3B | $715.2M | ||
| Q2 25 | $1.3B | $707.9M | ||
| Q1 25 | $1.3B | $712.6M | ||
| Q4 24 | $1.3B | $741.7M | ||
| Q3 24 | $1.4B | $756.7M | ||
| Q2 24 | $1.4B | $733.5M | ||
| Q1 24 | $1.5B | $746.4M |
| Q4 25 | 0.20× | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.23× | 1.17× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $14.9M | $-5.8M |
| Free Cash FlowOCF − Capex | $-44.2M | $-25.0M |
| FCF MarginFCF / Revenue | -24.6% | -17.7% |
| Capex IntensityCapex / Revenue | 33.0% | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.9M | $-5.8M | ||
| Q3 25 | $27.5M | $5.9M | ||
| Q2 25 | $21.0M | $12.2M | ||
| Q1 25 | $25.8M | $5.0M | ||
| Q4 24 | $37.8M | $15.2M | ||
| Q3 24 | $35.6M | $15.5M | ||
| Q2 24 | $40.0M | $18.7M | ||
| Q1 24 | $31.0M | $9.6M |
| Q4 25 | $-44.2M | $-25.0M | ||
| Q3 25 | $-12.2M | $2.5M | ||
| Q2 25 | $-12.8M | $5.9M | ||
| Q1 25 | $2.3M | $-6.8M | ||
| Q4 24 | $-45.5M | $-39.9M | ||
| Q3 24 | $24.6M | $-33.6M | ||
| Q2 24 | $29.4M | $4.1M | ||
| Q1 24 | $26.3M | $-12.2M |
| Q4 25 | -24.6% | -17.7% | ||
| Q3 25 | -6.2% | 1.7% | ||
| Q2 25 | -6.1% | 3.9% | ||
| Q1 25 | 1.0% | -4.4% | ||
| Q4 24 | -18.8% | -24.0% | ||
| Q3 24 | 9.5% | -18.4% | ||
| Q2 24 | 10.7% | 2.2% | ||
| Q1 24 | 9.7% | -6.7% |
| Q4 25 | 33.0% | 13.6% | ||
| Q3 25 | 20.2% | 2.3% | ||
| Q2 25 | 16.1% | 4.2% | ||
| Q1 25 | 10.7% | 7.6% | ||
| Q4 24 | 34.3% | 33.1% | ||
| Q3 24 | 4.2% | 26.9% | ||
| Q2 24 | 3.8% | 8.0% | ||
| Q1 24 | 1.7% | 12.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 34.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTLD
Segment breakdown not available.
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
