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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $179.4M, roughly 1.2× HEARTLAND EXPRESS INC). Perella Weinberg Partners runs the higher net margin — 6.3% vs -10.8%, a 17.1% gap on every dollar of revenue. On growth, Perella Weinberg Partners posted the faster year-over-year revenue change (-2.9% vs -26.1%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $-44.2M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% 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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
HTLD vs PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $219.2M |
| Net Profit | $-19.4M | $13.8M |
| Gross Margin | — | — |
| Operating Margin | -12.7% | 8.5% |
| Net Margin | -10.8% | 6.3% |
| Revenue YoY | -26.1% | -2.9% |
| Net Profit YoY | -949.2% | — |
| EPS (diluted) | $-0.24 | $0.11 |
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 | $219.2M | ||
| Q3 25 | $196.5M | $164.6M | ||
| Q2 25 | $210.4M | $155.3M | ||
| Q1 25 | $219.4M | $211.8M | ||
| Q4 24 | $242.6M | $225.7M | ||
| Q3 24 | $259.9M | $278.2M | ||
| Q2 24 | $274.8M | $272.0M | ||
| Q1 24 | $270.3M | $102.1M |
| Q4 25 | $-19.4M | $13.8M | ||
| Q3 25 | $-8.3M | $6.0M | ||
| Q2 25 | $-10.9M | $2.7M | ||
| Q1 25 | $-13.9M | $17.3M | ||
| Q4 24 | $-1.9M | — | ||
| Q3 24 | $-9.3M | $16.4M | ||
| Q2 24 | $-3.5M | $-66.0M | ||
| Q1 24 | $-15.1M | $-35.8M |
| Q4 25 | -12.7% | 8.5% | ||
| Q3 25 | -3.7% | 5.4% | ||
| Q2 25 | -5.9% | 5.8% | ||
| Q1 25 | -6.8% | 5.5% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -2.7% | 12.9% | ||
| Q2 24 | 0.1% | -30.2% | ||
| Q1 24 | -5.3% | -52.4% |
| Q4 25 | -10.8% | 6.3% | ||
| Q3 25 | -4.2% | 3.6% | ||
| Q2 25 | -5.2% | 1.8% | ||
| Q1 25 | -6.3% | 8.2% | ||
| Q4 24 | -0.8% | — | ||
| Q3 24 | -3.6% | 5.9% | ||
| Q2 24 | -1.3% | -24.3% | ||
| Q1 24 | -5.6% | -35.1% |
| Q4 25 | $-0.24 | $0.11 | ||
| Q3 25 | $-0.11 | $0.08 | ||
| Q2 25 | $-0.14 | $0.04 | ||
| Q1 25 | $-0.18 | $0.24 | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $-0.12 | $0.24 | ||
| Q2 24 | $-0.04 | $-1.21 | ||
| Q1 24 | $-0.19 | $-0.91 |
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 | $255.9M |
| Total DebtLower is stronger | $154.1M | — |
| Stockholders' EquityBook value | $755.3M | $-127.4M |
| Total Assets | $1.2B | $797.6M |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.5M | $255.9M | ||
| Q3 25 | $32.7M | $185.5M | ||
| Q2 25 | $22.9M | $145.0M | ||
| Q1 25 | $23.9M | $111.2M | ||
| Q4 24 | $12.8M | $407.4M | ||
| Q3 24 | $30.7M | $335.1M | ||
| Q2 24 | $23.9M | $185.3M | ||
| Q1 24 | $23.8M | $156.7M |
| Q4 25 | $154.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $187.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $755.3M | $-127.4M | ||
| Q3 25 | $775.6M | $-302.4M | ||
| Q2 25 | $786.7M | $-318.4M | ||
| Q1 25 | $807.7M | $-323.1M | ||
| Q4 24 | $822.6M | $-421.4M | ||
| Q3 24 | $825.7M | $-360.8M | ||
| Q2 24 | $836.8M | $-283.0M | ||
| Q1 24 | $848.8M | $161.9M |
| Q4 25 | $1.2B | $797.6M | ||
| Q3 25 | $1.3B | $650.2M | ||
| Q2 25 | $1.3B | $606.7M | ||
| Q1 25 | $1.3B | $570.5M | ||
| Q4 24 | $1.3B | $876.8M | ||
| Q3 24 | $1.4B | $810.9M | ||
| Q2 24 | $1.4B | $645.5M | ||
| Q1 24 | $1.5B | $583.6M |
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.23× | — | ||
| 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 | $34.8M |
| Free Cash FlowOCF − Capex | $-44.2M | $30.5M |
| FCF MarginFCF / Revenue | -24.6% | 13.9% |
| Capex IntensityCapex / Revenue | 33.0% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.9M | $34.8M | ||
| Q3 25 | $27.5M | $59.2M | ||
| Q2 25 | $21.0M | $56.1M | ||
| Q1 25 | $25.8M | $-176.5M | ||
| Q4 24 | $37.8M | $223.4M | ||
| Q3 24 | $35.6M | $200.3M | ||
| Q2 24 | $40.0M | $90.0M | ||
| Q1 24 | $31.0M | $-206.3M |
| Q4 25 | $-44.2M | $30.5M | ||
| Q3 25 | $-12.2M | $57.6M | ||
| Q2 25 | $-12.8M | $55.3M | ||
| Q1 25 | $2.3M | $-177.6M | ||
| Q4 24 | $-45.5M | $207.0M | ||
| Q3 24 | $24.6M | $199.3M | ||
| Q2 24 | $29.4M | $83.7M | ||
| Q1 24 | $26.3M | $-214.8M |
| Q4 25 | -24.6% | 13.9% | ||
| Q3 25 | -6.2% | 35.0% | ||
| Q2 25 | -6.1% | 35.6% | ||
| Q1 25 | 1.0% | -83.8% | ||
| Q4 24 | -18.8% | 91.7% | ||
| Q3 24 | 9.5% | 71.6% | ||
| Q2 24 | 10.7% | 30.8% | ||
| Q1 24 | 9.7% | -210.3% |
| Q4 25 | 33.0% | 2.0% | ||
| Q3 25 | 20.2% | 0.9% | ||
| Q2 25 | 16.1% | 0.5% | ||
| Q1 25 | 10.7% | 0.5% | ||
| Q4 24 | 34.3% | 7.3% | ||
| Q3 24 | 4.2% | 0.4% | ||
| Q2 24 | 3.8% | 2.3% | ||
| Q1 24 | 1.7% | 8.3% |
| Q4 25 | — | 2.52× | ||
| Q3 25 | — | 9.85× | ||
| Q2 25 | — | 20.50× | ||
| Q1 25 | — | -10.18× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.23× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
