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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and TANGER INC. (SKT). Click either name above to swap in a different company.
HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $150.4M, roughly 1.2× TANGER INC.). TANGER INC. runs the higher net margin — 19.6% vs -10.8%, a 30.4% gap on every dollar of revenue. On growth, TANGER INC. posted the faster year-over-year revenue change (11.1% vs -26.1%). Over the past eight quarters, TANGER INC.'s revenue compounded faster (8.0% 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.
Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in open air outlet and lifestyle shopping centers in the United States and Canada.
HTLD vs SKT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $150.4M |
| Net Profit | $-19.4M | $29.4M |
| Gross Margin | — | — |
| Operating Margin | -12.7% | — |
| Net Margin | -10.8% | 19.6% |
| Revenue YoY | -26.1% | 11.1% |
| Net Profit YoY | -949.2% | 47.1% |
| EPS (diluted) | $-0.24 | $1.05 |
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.
| Q1 26 | — | $150.4M | ||
| Q4 25 | $179.4M | $151.0M | ||
| Q3 25 | $196.5M | $145.2M | ||
| Q2 25 | $210.4M | $140.7M | ||
| Q1 25 | $219.4M | $135.4M | ||
| Q4 24 | $242.6M | $132.2M | ||
| Q3 24 | $259.9M | $133.0M | ||
| Q2 24 | $274.8M | $129.0M |
| Q1 26 | — | $29.4M | ||
| Q4 25 | $-19.4M | — | ||
| Q3 25 | $-8.3M | $32.0M | ||
| Q2 25 | $-10.9M | $30.1M | ||
| Q1 25 | $-13.9M | $19.2M | ||
| Q4 24 | $-1.9M | — | ||
| Q3 24 | $-9.3M | $24.9M | ||
| Q2 24 | $-3.5M | $24.8M |
| Q1 26 | — | — | ||
| Q4 25 | -12.7% | — | ||
| Q3 25 | -3.7% | 20.1% | ||
| Q2 25 | -5.9% | 20.1% | ||
| Q1 25 | -6.8% | 13.0% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -2.7% | 17.8% | ||
| Q2 24 | 0.1% | 17.8% |
| Q1 26 | — | 19.6% | ||
| Q4 25 | -10.8% | — | ||
| Q3 25 | -4.2% | 22.1% | ||
| Q2 25 | -5.2% | 21.4% | ||
| Q1 25 | -6.3% | 14.2% | ||
| Q4 24 | -0.8% | — | ||
| Q3 24 | -3.6% | 18.7% | ||
| Q2 24 | -1.3% | 19.3% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $-0.24 | — | ||
| Q3 25 | $-0.11 | $0.28 | ||
| Q2 25 | $-0.14 | $0.26 | ||
| Q1 25 | $-0.18 | $0.17 | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $-0.12 | $0.22 | ||
| Q2 24 | $-0.04 | $0.22 |
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 | $227.4M |
| Total DebtLower is stronger | $154.1M | — |
| Stockholders' EquityBook value | $755.3M | $697.8M |
| Total Assets | $1.2B | $2.8B |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $227.4M | ||
| Q4 25 | $18.5M | $18.1M | ||
| Q3 25 | $32.7M | $13.0M | ||
| Q2 25 | $22.9M | $9.7M | ||
| Q1 25 | $23.9M | $10.2M | ||
| Q4 24 | $12.8M | $47.0M | ||
| Q3 24 | $30.7M | $11.1M | ||
| Q2 24 | $23.9M | $11.3M |
| Q1 26 | — | — | ||
| Q4 25 | $154.1M | — | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $187.9M | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.5B |
| Q1 26 | — | $697.8M | ||
| Q4 25 | $755.3M | — | ||
| Q3 25 | $775.6M | $703.6M | ||
| Q2 25 | $786.7M | $635.2M | ||
| Q1 25 | $807.7M | $633.9M | ||
| Q4 24 | $822.6M | $652.4M | ||
| Q3 24 | $825.7M | $568.3M | ||
| Q2 24 | $836.8M | $553.7M |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | $2.6B | ||
| Q2 25 | $1.3B | $2.5B | ||
| Q1 25 | $1.3B | $2.5B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $1.4B | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | 2.29× | ||
| Q2 25 | — | 2.40× | ||
| Q1 25 | — | 2.47× | ||
| Q4 24 | 0.23× | 2.18× | ||
| Q3 24 | — | 2.51× | ||
| Q2 24 | — | 2.64× |
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 | — |
| Free Cash FlowOCF − Capex | $-44.2M | — |
| FCF MarginFCF / Revenue | -24.6% | — |
| Capex IntensityCapex / Revenue | 33.0% | 6.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $14.9M | — | ||
| Q3 25 | $27.5M | $74.3M | ||
| Q2 25 | $21.0M | $82.0M | ||
| Q1 25 | $25.8M | $41.4M | ||
| Q4 24 | $37.8M | — | ||
| Q3 24 | $35.6M | $65.2M | ||
| Q2 24 | $40.0M | $72.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | 6.6% | ||
| 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 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.32× | ||
| Q2 25 | — | 2.73× | ||
| Q1 25 | — | 2.16× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.62× | ||
| Q2 24 | — | 2.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTLD
Segment breakdown not available.
SKT
| Rental revenue | $143.5M | 95% |
| Other revenue | $4.7M | 3% |
| Management, leasing and other services | $2.2M | 1% |
