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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and Phoenix Education Partners, Inc. (PXED). Click either name above to swap in a different company.

Phoenix Education Partners, Inc. is the larger business by last-quarter revenue ($222.5M vs $179.4M, roughly 1.2× HEARTLAND EXPRESS INC). Phoenix Education Partners, Inc. runs the higher net margin — 4.8% vs -10.8%, a 15.7% gap on every dollar of revenue. Phoenix Education Partners, Inc. produced more free cash flow last quarter ($43.5M vs $-44.2M).

Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

HTLD vs PXED — Head-to-Head

Bigger by revenue
PXED
PXED
1.2× larger
PXED
$222.5M
$179.4M
HTLD
Higher net margin
PXED
PXED
15.7% more per $
PXED
4.8%
-10.8%
HTLD
More free cash flow
PXED
PXED
$87.7M more FCF
PXED
$43.5M
$-44.2M
HTLD

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
HTLD
HTLD
PXED
PXED
Revenue
$179.4M
$222.5M
Net Profit
$-19.4M
$10.8M
Gross Margin
Operating Margin
-12.7%
6.3%
Net Margin
-10.8%
4.8%
Revenue YoY
-26.1%
Net Profit YoY
-949.2%
EPS (diluted)
$-0.24
$0.28

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.

Revenue
HTLD
HTLD
PXED
PXED
Q1 26
$222.5M
Q4 25
$179.4M
$262.0M
Q3 25
$196.5M
Q2 25
$210.4M
Q1 25
$219.4M
Q4 24
$242.6M
Q3 24
$259.9M
Q2 24
$274.8M
Net Profit
HTLD
HTLD
PXED
PXED
Q1 26
$10.8M
Q4 25
$-19.4M
$15.5M
Q3 25
$-8.3M
Q2 25
$-10.9M
Q1 25
$-13.9M
Q4 24
$-1.9M
Q3 24
$-9.3M
Q2 24
$-3.5M
Operating Margin
HTLD
HTLD
PXED
PXED
Q1 26
6.3%
Q4 25
-12.7%
9.8%
Q3 25
-3.7%
Q2 25
-5.9%
Q1 25
-6.8%
Q4 24
0.4%
Q3 24
-2.7%
Q2 24
0.1%
Net Margin
HTLD
HTLD
PXED
PXED
Q1 26
4.8%
Q4 25
-10.8%
5.9%
Q3 25
-4.2%
Q2 25
-5.2%
Q1 25
-6.3%
Q4 24
-0.8%
Q3 24
-3.6%
Q2 24
-1.3%
EPS (diluted)
HTLD
HTLD
PXED
PXED
Q1 26
$0.28
Q4 25
$-0.24
$0.40
Q3 25
$-0.11
Q2 25
$-0.14
Q1 25
$-0.18
Q4 24
$-0.03
Q3 24
$-0.12
Q2 24
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HTLD
HTLD
PXED
PXED
Cash + ST InvestmentsLiquidity on hand
$18.5M
$201.4M
Total DebtLower is stronger
$154.1M
$58.8M
Stockholders' EquityBook value
$755.3M
$291.1M
Total Assets
$1.2B
$546.4M
Debt / EquityLower = less leverage
0.20×
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTLD
HTLD
PXED
PXED
Q1 26
$201.4M
Q4 25
$18.5M
$163.5M
Q3 25
$32.7M
Q2 25
$22.9M
Q1 25
$23.9M
Q4 24
$12.8M
Q3 24
$30.7M
Q2 24
$23.9M
Total Debt
HTLD
HTLD
PXED
PXED
Q1 26
$58.8M
Q4 25
$154.1M
$61.6M
Q3 25
Q2 25
Q1 25
Q4 24
$187.9M
Q3 24
Q2 24
Stockholders' Equity
HTLD
HTLD
PXED
PXED
Q1 26
$291.1M
Q4 25
$755.3M
$280.4M
Q3 25
$775.6M
Q2 25
$786.7M
Q1 25
$807.7M
Q4 24
$822.6M
Q3 24
$825.7M
Q2 24
$836.8M
Total Assets
HTLD
HTLD
PXED
PXED
Q1 26
$546.4M
Q4 25
$1.2B
$549.6M
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
Debt / Equity
HTLD
HTLD
PXED
PXED
Q1 26
0.20×
Q4 25
0.20×
0.22×
Q3 25
Q2 25
Q1 25
Q4 24
0.23×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HTLD
HTLD
PXED
PXED
Operating Cash FlowLast quarter
$14.9M
$48.9M
Free Cash FlowOCF − Capex
$-44.2M
$43.5M
FCF MarginFCF / Revenue
-24.6%
19.6%
Capex IntensityCapex / Revenue
33.0%
2.4%
Cash ConversionOCF / Net Profit
4.53×
TTM Free Cash FlowTrailing 4 quarters
$-66.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HTLD
HTLD
PXED
PXED
Q1 26
$48.9M
Q4 25
$14.9M
$31.1M
Q3 25
$27.5M
Q2 25
$21.0M
Q1 25
$25.8M
Q4 24
$37.8M
Q3 24
$35.6M
Q2 24
$40.0M
Free Cash Flow
HTLD
HTLD
PXED
PXED
Q1 26
$43.5M
Q4 25
$-44.2M
$26.4M
Q3 25
$-12.2M
Q2 25
$-12.8M
Q1 25
$2.3M
Q4 24
$-45.5M
Q3 24
$24.6M
Q2 24
$29.4M
FCF Margin
HTLD
HTLD
PXED
PXED
Q1 26
19.6%
Q4 25
-24.6%
10.1%
Q3 25
-6.2%
Q2 25
-6.1%
Q1 25
1.0%
Q4 24
-18.8%
Q3 24
9.5%
Q2 24
10.7%
Capex Intensity
HTLD
HTLD
PXED
PXED
Q1 26
2.4%
Q4 25
33.0%
1.8%
Q3 25
20.2%
Q2 25
16.1%
Q1 25
10.7%
Q4 24
34.3%
Q3 24
4.2%
Q2 24
3.8%
Cash Conversion
HTLD
HTLD
PXED
PXED
Q1 26
4.53×
Q4 25
2.01×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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