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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and PennyMac Mortgage Investment Trust (PMT). Click either name above to swap in a different company.
HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $93.6M, roughly 1.9× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs -10.8%, a 66.8% gap on every dollar of revenue. On growth, PennyMac Mortgage Investment Trust posted the faster year-over-year revenue change (-13.3% vs -26.1%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% 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.
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
HTLD vs PMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $93.6M |
| Net Profit | $-19.4M | $52.4M |
| Gross Margin | — | — |
| Operating Margin | -12.7% | 38.6% |
| Net Margin | -10.8% | 56.0% |
| Revenue YoY | -26.1% | -13.3% |
| Net Profit YoY | -949.2% | 12.5% |
| EPS (diluted) | $-0.24 | $0.49 |
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 | $93.6M | ||
| Q3 25 | $196.5M | $99.2M | ||
| Q2 25 | $210.4M | $70.2M | ||
| Q1 25 | $219.4M | $44.5M | ||
| Q4 24 | $242.6M | $107.9M | ||
| Q3 24 | $259.9M | $80.9M | ||
| Q2 24 | $274.8M | $71.2M | ||
| Q1 24 | $270.3M | $74.2M |
| Q4 25 | $-19.4M | $52.4M | ||
| Q3 25 | $-8.3M | $58.3M | ||
| Q2 25 | $-10.9M | $7.5M | ||
| Q1 25 | $-13.9M | $9.7M | ||
| Q4 24 | $-1.9M | $46.5M | ||
| Q3 24 | $-9.3M | $41.4M | ||
| Q2 24 | $-3.5M | $25.4M | ||
| Q1 24 | $-15.1M | $47.6M |
| Q4 25 | -12.7% | 38.6% | ||
| Q3 25 | -3.7% | 47.4% | ||
| Q2 25 | -5.9% | 24.2% | ||
| Q1 25 | -6.8% | -14.2% | ||
| Q4 24 | 0.4% | 51.1% | ||
| Q3 24 | -2.7% | 32.8% | ||
| Q2 24 | 0.1% | 40.2% | ||
| Q1 24 | -5.3% | 43.6% |
| Q4 25 | -10.8% | 56.0% | ||
| Q3 25 | -4.2% | 58.7% | ||
| Q2 25 | -5.2% | 10.7% | ||
| Q1 25 | -6.3% | 21.8% | ||
| Q4 24 | -0.8% | 43.1% | ||
| Q3 24 | -3.6% | 51.2% | ||
| Q2 24 | -1.3% | 35.7% | ||
| Q1 24 | -5.6% | 64.2% |
| Q4 25 | $-0.24 | $0.49 | ||
| Q3 25 | $-0.11 | $0.55 | ||
| Q2 25 | $-0.14 | $-0.04 | ||
| Q1 25 | $-0.18 | $-0.01 | ||
| Q4 24 | $-0.03 | $0.45 | ||
| Q3 24 | $-0.12 | $0.36 | ||
| Q2 24 | $-0.04 | $0.17 | ||
| Q1 24 | $-0.19 | $0.39 |
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 | $190.5M |
| Total DebtLower is stronger | $154.1M | $1.1B |
| Stockholders' EquityBook value | $755.3M | $1.9B |
| Total Assets | $1.2B | $21.3B |
| Debt / EquityLower = less leverage | 0.20× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.5M | $190.5M | ||
| Q3 25 | $32.7M | $181.0M | ||
| Q2 25 | $22.9M | $108.6M | ||
| Q1 25 | $23.9M | $204.2M | ||
| Q4 24 | $12.8M | $103.2M | ||
| Q3 24 | $30.7M | $102.8M | ||
| Q2 24 | $23.9M | $336.3M | ||
| Q1 24 | $23.8M | $343.3M |
| Q4 25 | $154.1M | $1.1B | ||
| Q3 25 | — | $299.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $968.4M | ||
| Q4 24 | $187.9M | $1.0B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | — | $5.1B |
| Q4 25 | $755.3M | $1.9B | ||
| Q3 25 | $775.6M | $1.9B | ||
| Q2 25 | $786.7M | $1.9B | ||
| Q1 25 | $807.7M | $1.9B | ||
| Q4 24 | $822.6M | $1.9B | ||
| Q3 24 | $825.7M | $1.9B | ||
| Q2 24 | $836.8M | $1.9B | ||
| Q1 24 | $848.8M | $2.0B |
| Q4 25 | $1.2B | $21.3B | ||
| Q3 25 | $1.3B | $18.5B | ||
| Q2 25 | $1.3B | $16.8B | ||
| Q1 25 | $1.3B | $14.9B | ||
| Q4 24 | $1.3B | $14.4B | ||
| Q3 24 | $1.4B | $13.1B | ||
| Q2 24 | $1.4B | $12.1B | ||
| Q1 24 | $1.5B | $12.3B |
| Q4 25 | 0.20× | 0.58× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | 0.23× | 0.52× | ||
| Q3 24 | — | 2.70× | ||
| Q2 24 | — | 2.76× | ||
| Q1 24 | — | 2.60× |
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 | $-7.2B |
| Free Cash FlowOCF − Capex | $-44.2M | — |
| FCF MarginFCF / Revenue | -24.6% | — |
| Capex IntensityCapex / Revenue | 33.0% | — |
| Cash ConversionOCF / Net Profit | — | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.9M | $-7.2B | ||
| Q3 25 | $27.5M | $-1.3B | ||
| Q2 25 | $21.0M | $-2.0B | ||
| Q1 25 | $25.8M | $-594.3M | ||
| Q4 24 | $37.8M | $-2.7B | ||
| Q3 24 | $35.6M | $-983.8M | ||
| Q2 24 | $40.0M | $243.8M | ||
| Q1 24 | $31.0M | $-342.4M |
| 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 24 | $26.3M | — |
| 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 24 | 9.7% | — |
| 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% | — | ||
| Q1 24 | 1.7% | — |
| Q4 25 | — | -137.76× | ||
| Q3 25 | — | -22.26× | ||
| Q2 25 | — | -267.53× | ||
| Q1 25 | — | -61.39× | ||
| Q4 24 | — | -58.08× | ||
| Q3 24 | — | -23.76× | ||
| Q2 24 | — | 9.59× | ||
| Q1 24 | — | -7.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTLD
Segment breakdown not available.
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
