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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $140.7M, roughly 1.3× Purple Innovation, Inc.). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -10.8%, a 8.6% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -26.1%). Purple Innovation, Inc. produced more free cash flow last quarter ($-7.8M vs $-44.2M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
HTLD vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $140.7M |
| Net Profit | $-19.4M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | -12.7% | -1.6% |
| Net Margin | -10.8% | -2.3% |
| Revenue YoY | -26.1% | 9.1% |
| Net Profit YoY | -949.2% | 62.1% |
| EPS (diluted) | $-0.24 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $196.5M | $118.8M | ||
| Q2 25 | $210.4M | $105.1M | ||
| Q1 25 | $219.4M | $104.2M | ||
| Q4 24 | $242.6M | $129.0M | ||
| Q3 24 | $259.9M | $118.6M | ||
| Q2 24 | $274.8M | $120.3M | ||
| Q1 24 | $270.3M | $120.0M |
| Q4 25 | $-19.4M | $-3.2M | ||
| Q3 25 | $-8.3M | $-11.7M | ||
| Q2 25 | $-10.9M | $-17.3M | ||
| Q1 25 | $-13.9M | $-19.1M | ||
| Q4 24 | $-1.9M | $-8.5M | ||
| Q3 24 | $-9.3M | $-39.2M | ||
| Q2 24 | $-3.5M | $27.0K | ||
| Q1 24 | $-15.1M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | -12.7% | -1.6% | ||
| Q3 25 | -3.7% | -10.2% | ||
| Q2 25 | -5.9% | -13.5% | ||
| Q1 25 | -6.8% | -13.9% | ||
| Q4 24 | 0.4% | -6.0% | ||
| Q3 24 | -2.7% | -39.5% | ||
| Q2 24 | 0.1% | -12.1% | ||
| Q1 24 | -5.3% | -19.3% |
| Q4 25 | -10.8% | -2.3% | ||
| Q3 25 | -4.2% | -9.9% | ||
| Q2 25 | -5.2% | -16.5% | ||
| Q1 25 | -6.3% | -18.4% | ||
| Q4 24 | -0.8% | -6.6% | ||
| Q3 24 | -3.6% | -33.1% | ||
| Q2 24 | -1.3% | 0.0% | ||
| Q1 24 | -5.6% | -41.8% |
| Q4 25 | $-0.24 | $0.03 | ||
| Q3 25 | $-0.11 | $0.11 | ||
| Q2 25 | $-0.14 | $0.16 | ||
| Q1 25 | $-0.18 | $0.18 | ||
| Q4 24 | $-0.03 | $0.08 | ||
| Q3 24 | $-0.12 | $0.36 | ||
| Q2 24 | $-0.04 | $0.00 | ||
| Q1 24 | $-0.19 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | $154.1M | $126.7M |
| Stockholders' EquityBook value | $755.3M | $-29.7M |
| Total Assets | $1.2B | $296.3M |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.5M | $24.3M | ||
| Q3 25 | $32.7M | $32.4M | ||
| Q2 25 | $22.9M | $34.2M | ||
| Q1 25 | $23.9M | $21.6M | ||
| Q4 24 | $12.8M | $29.0M | ||
| Q3 24 | $30.7M | $23.4M | ||
| Q2 24 | $23.9M | $23.4M | ||
| Q1 24 | $23.8M | $34.5M |
| Q4 25 | $154.1M | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $187.9M | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $755.3M | $-29.7M | ||
| Q3 25 | $775.6M | $-26.9M | ||
| Q2 25 | $786.7M | $-15.6M | ||
| Q1 25 | $807.7M | $1.3M | ||
| Q4 24 | $822.6M | $20.2M | ||
| Q3 24 | $825.7M | $28.0M | ||
| Q2 24 | $836.8M | $66.4M | ||
| Q1 24 | $848.8M | $65.5M |
| Q4 25 | $1.2B | $296.3M | ||
| Q3 25 | $1.3B | $302.1M | ||
| Q2 25 | $1.3B | $303.8M | ||
| Q1 25 | $1.3B | $293.8M | ||
| Q4 24 | $1.3B | $307.8M | ||
| Q3 24 | $1.4B | $309.3M | ||
| Q2 24 | $1.4B | $362.1M | ||
| Q1 24 | $1.5B | $382.1M |
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.23× | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| 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 | $-7.8M |
| FCF MarginFCF / Revenue | -24.6% | -5.5% |
| Capex IntensityCapex / Revenue | 33.0% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.9M | $-5.8M | ||
| Q3 25 | $27.5M | $-968.0K | ||
| Q2 25 | $21.0M | $-4.0M | ||
| Q1 25 | $25.8M | $-23.1M | ||
| Q4 24 | $37.8M | $6.8M | ||
| Q3 24 | $35.6M | $1.1M | ||
| Q2 24 | $40.0M | $-8.9M | ||
| Q1 24 | $31.0M | $-16.8M |
| Q4 25 | $-44.2M | $-7.8M | ||
| Q3 25 | $-12.2M | $-1.8M | ||
| Q2 25 | $-12.8M | $-7.0M | ||
| Q1 25 | $2.3M | $-25.3M | ||
| Q4 24 | $-45.5M | $5.7M | ||
| Q3 24 | $24.6M | $101.0K | ||
| Q2 24 | $29.4M | $-11.0M | ||
| Q1 24 | $26.3M | $-19.9M |
| Q4 25 | -24.6% | -5.5% | ||
| Q3 25 | -6.2% | -1.5% | ||
| Q2 25 | -6.1% | -6.6% | ||
| Q1 25 | 1.0% | -24.3% | ||
| Q4 24 | -18.8% | 4.4% | ||
| Q3 24 | 9.5% | 0.1% | ||
| Q2 24 | 10.7% | -9.2% | ||
| Q1 24 | 9.7% | -16.5% |
| Q4 25 | 33.0% | 1.4% | ||
| Q3 25 | 20.2% | 0.7% | ||
| Q2 25 | 16.1% | 2.8% | ||
| Q1 25 | 10.7% | 2.2% | ||
| Q4 24 | 34.3% | 0.8% | ||
| Q3 24 | 4.2% | 0.9% | ||
| Q2 24 | 3.8% | 1.7% | ||
| Q1 24 | 1.7% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTLD
Segment breakdown not available.
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
