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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $152.8M, roughly 1.2× Riot Platforms, Inc.). HEARTLAND EXPRESS INC runs the higher net margin — -10.8% vs -452.0%, a 441.1% gap on every dollar of revenue. On growth, Riot Platforms, Inc. posted the faster year-over-year revenue change (7.2% vs -26.1%). HEARTLAND EXPRESS INC produced more free cash flow last quarter ($-44.2M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% 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.
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
HTLD vs RIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $152.8M |
| Net Profit | $-19.4M | $-690.7M |
| Gross Margin | — | — |
| Operating Margin | -12.7% | -447.9% |
| Net Margin | -10.8% | -452.0% |
| Revenue YoY | -26.1% | 7.2% |
| Net Profit YoY | -949.2% | -606.3% |
| EPS (diluted) | $-0.24 | $-1.89 |
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 | $152.8M | ||
| Q3 25 | $196.5M | $180.2M | ||
| Q2 25 | $210.4M | $153.0M | ||
| Q1 25 | $219.4M | $161.4M | ||
| Q4 24 | $242.6M | $142.6M | ||
| Q3 24 | $259.9M | $84.8M | ||
| Q2 24 | $274.8M | $70.0M | ||
| Q1 24 | $270.3M | $79.3M |
| Q4 25 | $-19.4M | $-690.7M | ||
| Q3 25 | $-8.3M | $104.5M | ||
| Q2 25 | $-10.9M | $219.5M | ||
| Q1 25 | $-13.9M | $-296.4M | ||
| Q4 24 | $-1.9M | $136.4M | ||
| Q3 24 | $-9.3M | $-154.4M | ||
| Q2 24 | $-3.5M | $-84.4M | ||
| Q1 24 | $-15.1M | $211.8M |
| Q4 25 | -12.7% | -447.9% | ||
| Q3 25 | -3.7% | 44.4% | ||
| Q2 25 | -5.9% | — | ||
| Q1 25 | -6.8% | -144.9% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -2.7% | -143.3% | ||
| Q2 24 | 0.1% | -167.2% | ||
| Q1 24 | -5.3% | — |
| Q4 25 | -10.8% | -452.0% | ||
| Q3 25 | -4.2% | 58.0% | ||
| Q2 25 | -5.2% | 143.4% | ||
| Q1 25 | -6.3% | -183.6% | ||
| Q4 24 | -0.8% | 95.7% | ||
| Q3 24 | -3.6% | -182.1% | ||
| Q2 24 | -1.3% | -120.6% | ||
| Q1 24 | -5.6% | 267.1% |
| Q4 25 | $-0.24 | $-1.89 | ||
| Q3 25 | $-0.11 | $0.26 | ||
| Q2 25 | $-0.14 | $0.58 | ||
| Q1 25 | $-0.18 | $-0.90 | ||
| Q4 24 | $-0.03 | $0.39 | ||
| Q3 24 | $-0.12 | $-0.54 | ||
| Q2 24 | $-0.04 | $-0.32 | ||
| Q1 24 | $-0.19 | $0.51 |
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 | $233.5M |
| Total DebtLower is stronger | $154.1M | $840.8M |
| Stockholders' EquityBook value | $755.3M | $2.9B |
| Total Assets | $1.2B | $3.9B |
| Debt / EquityLower = less leverage | 0.20× | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.5M | $233.5M | ||
| Q3 25 | $32.7M | $330.7M | ||
| Q2 25 | $22.9M | $255.4M | ||
| Q1 25 | $23.9M | $163.7M | ||
| Q4 24 | $12.8M | $277.9M | ||
| Q3 24 | $30.7M | $355.7M | ||
| Q2 24 | $23.9M | $481.2M | ||
| Q1 24 | $23.8M | $688.5M |
| Q4 25 | $154.1M | $840.8M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | $187.9M | $584.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $755.3M | $2.9B | ||
| Q3 25 | $775.6M | $3.5B | ||
| Q2 25 | $786.7M | $3.3B | ||
| Q1 25 | $807.7M | $2.9B | ||
| Q4 24 | $822.6M | $3.1B | ||
| Q3 24 | $825.7M | $2.7B | ||
| Q2 24 | $836.8M | $2.6B | ||
| Q1 24 | $848.8M | $2.5B |
| Q4 25 | $1.2B | $3.9B | ||
| Q3 25 | $1.3B | $4.5B | ||
| Q2 25 | $1.3B | $4.3B | ||
| Q1 25 | $1.3B | $3.7B | ||
| Q4 24 | $1.3B | $3.9B | ||
| Q3 24 | $1.4B | $2.9B | ||
| Q2 24 | $1.4B | $2.7B | ||
| Q1 24 | $1.5B | $2.6B |
| Q4 25 | 0.20× | 0.29× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 0.23× | 0.19× | ||
| Q3 24 | — | 0.00× | ||
| 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 | $-572.9M |
| Free Cash FlowOCF − Capex | $-44.2M | $-774.3M |
| FCF MarginFCF / Revenue | -24.6% | -506.6% |
| Capex IntensityCapex / Revenue | 33.0% | 131.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.9M | $-572.9M | ||
| Q3 25 | $27.5M | $-114.0M | ||
| Q2 25 | $21.0M | $-231.3M | ||
| Q1 25 | $25.8M | $-122.1M | ||
| Q4 24 | $37.8M | $-255.1M | ||
| Q3 24 | $35.6M | $-56.3M | ||
| Q2 24 | $40.0M | $-42.5M | ||
| Q1 24 | $31.0M | $-57.9M |
| Q4 25 | $-44.2M | $-774.3M | ||
| Q3 25 | $-12.2M | $-139.7M | ||
| Q2 25 | $-12.8M | $-291.7M | ||
| Q1 25 | $2.3M | $-154.9M | ||
| Q4 24 | $-45.5M | $-495.4M | ||
| Q3 24 | $24.6M | $-127.6M | ||
| Q2 24 | $29.4M | $-96.1M | ||
| Q1 24 | $26.3M | $-115.2M |
| Q4 25 | -24.6% | -506.6% | ||
| Q3 25 | -6.2% | -77.5% | ||
| Q2 25 | -6.1% | -190.7% | ||
| Q1 25 | 1.0% | -96.0% | ||
| Q4 24 | -18.8% | -347.5% | ||
| Q3 24 | 9.5% | -150.5% | ||
| Q2 24 | 10.7% | -137.2% | ||
| Q1 24 | 9.7% | -145.2% |
| Q4 25 | 33.0% | 131.8% | ||
| Q3 25 | 20.2% | 14.3% | ||
| Q2 25 | 16.1% | 39.5% | ||
| Q1 25 | 10.7% | 20.4% | ||
| Q4 24 | 34.3% | 168.6% | ||
| Q3 24 | 4.2% | 84.1% | ||
| Q2 24 | 3.8% | 76.5% | ||
| Q1 24 | 1.7% | 72.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | -1.09× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -1.87× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTLD
Segment breakdown not available.
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
