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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $143.3M, roughly 1.3× Piedmont Realty Trust, Inc.). HEARTLAND EXPRESS INC runs the higher net margin — -10.8% vs -31.4%, a 20.6% gap on every dollar of revenue. On growth, Piedmont Realty Trust, Inc. posted the faster year-over-year revenue change (0.4% vs -26.1%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% 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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
HTLD vs PDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $143.3M |
| Net Profit | $-19.4M | $-45.0M |
| Gross Margin | — | — |
| Operating Margin | -12.7% | — |
| Net Margin | -10.8% | -31.4% |
| Revenue YoY | -26.1% | 0.4% |
| Net Profit YoY | -949.2% | -27.9% |
| EPS (diluted) | $-0.24 | $-0.10 |
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 | — | $143.3M | ||
| Q4 25 | $179.4M | $142.9M | ||
| Q3 25 | $196.5M | $139.2M | ||
| Q2 25 | $210.4M | $140.3M | ||
| Q1 25 | $219.4M | $142.7M | ||
| Q4 24 | $242.6M | $143.2M | ||
| Q3 24 | $259.9M | $139.3M | ||
| Q2 24 | $274.8M | $143.3M |
| Q1 26 | — | $-45.0M | ||
| Q4 25 | $-19.4M | $-43.2M | ||
| Q3 25 | $-8.3M | $-13.5M | ||
| Q2 25 | $-10.9M | $-16.8M | ||
| Q1 25 | $-13.9M | $-10.1M | ||
| Q4 24 | $-1.9M | $-30.0M | ||
| Q3 24 | $-9.3M | $-11.5M | ||
| Q2 24 | $-3.5M | $-9.8M |
| 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 | — | -31.4% | ||
| Q4 25 | -10.8% | -30.3% | ||
| Q3 25 | -4.2% | -9.7% | ||
| Q2 25 | -5.2% | -12.0% | ||
| Q1 25 | -6.3% | -7.1% | ||
| Q4 24 | -0.8% | -20.9% | ||
| Q3 24 | -3.6% | -8.3% | ||
| Q2 24 | -1.3% | -6.8% |
| Q1 26 | — | $-0.10 | ||
| Q4 25 | $-0.24 | $-0.34 | ||
| Q3 25 | $-0.11 | $-0.11 | ||
| Q2 25 | $-0.14 | $-0.14 | ||
| Q1 25 | $-0.18 | $-0.08 | ||
| Q4 24 | $-0.03 | $-0.25 | ||
| Q3 24 | $-0.12 | $-0.09 | ||
| Q2 24 | $-0.04 | $-0.08 |
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 | $2.3M |
| Total DebtLower is stronger | $154.1M | — |
| Stockholders' EquityBook value | $755.3M | $1.5B |
| Total Assets | $1.2B | $4.0B |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.3M | ||
| Q4 25 | $18.5M | $731.0K | ||
| Q3 25 | $32.7M | $3.0M | ||
| Q2 25 | $22.9M | $3.3M | ||
| Q1 25 | $23.9M | $2.9M | ||
| Q4 24 | $12.8M | $109.6M | ||
| Q3 24 | $30.7M | $133.6M | ||
| Q2 24 | $23.9M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | $154.1M | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | $187.9M | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $755.3M | $1.5B | ||
| Q3 25 | $775.6M | $1.5B | ||
| Q2 25 | $786.7M | $1.5B | ||
| 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 26 | — | $4.0B | ||
| Q4 25 | $1.2B | $4.0B | ||
| Q3 25 | $1.3B | $4.0B | ||
| Q2 25 | $1.3B | $4.0B | ||
| Q1 25 | $1.3B | $4.0B | ||
| Q4 24 | $1.3B | $4.1B | ||
| Q3 24 | $1.4B | $4.1B | ||
| Q2 24 | $1.4B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | 0.23× | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× |
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% | 110.3% |
| 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 | $140.6M | ||
| Q3 25 | $27.5M | $35.8M | ||
| Q2 25 | $21.0M | $50.1M | ||
| Q1 25 | $25.8M | $3.7M | ||
| Q4 24 | $37.8M | $198.1M | ||
| Q3 24 | $35.6M | $42.9M | ||
| Q2 24 | $40.0M | $66.8M |
| 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 | — | 110.3% | ||
| 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% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
