vs
Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and Terreno Realty Corp (TRNO). Click either name above to swap in a different company.
HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $137.5M, roughly 1.3× Terreno Realty Corp). Terreno Realty Corp runs the higher net margin — 115.1% vs -10.8%, a 125.9% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs -26.1%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% 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.
Terreno Realty Corp is a publicly traded real estate investment trust that specializes in owning, operating, and acquiring high-quality industrial real estate assets. Its portfolio mainly includes distribution warehouses and logistics facilities located in high-demand coastal U.S. metropolitan markets, serving tenants across e-commerce, last-mile delivery, retail supply chain, and light manufacturing segments.
HTLD vs TRNO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $137.5M |
| Net Profit | $-19.4M | $158.2M |
| Gross Margin | — | — |
| Operating Margin | -12.7% | — |
| Net Margin | -10.8% | 115.1% |
| Revenue YoY | -26.1% | 32.6% |
| Net Profit YoY | -949.2% | 107.9% |
| EPS (diluted) | $-0.24 | $1.54 |
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 | $137.5M | ||
| Q3 25 | $196.5M | $116.2M | ||
| Q2 25 | $210.4M | $112.2M | ||
| Q1 25 | $219.4M | $110.4M | ||
| Q4 24 | $242.6M | $103.7M | ||
| Q3 24 | $259.9M | $99.6M | ||
| Q2 24 | $274.8M | $94.2M | ||
| Q1 24 | $270.3M | $85.0M |
| Q4 25 | $-19.4M | $158.2M | ||
| Q3 25 | $-8.3M | $103.4M | ||
| Q2 25 | $-10.9M | $93.3M | ||
| Q1 25 | $-13.9M | $48.1M | ||
| Q4 24 | $-1.9M | $76.1M | ||
| Q3 24 | $-9.3M | $36.6M | ||
| Q2 24 | $-3.5M | $35.7M | ||
| Q1 24 | $-15.1M | $36.1M |
| Q4 25 | -12.7% | — | ||
| Q3 25 | -3.7% | — | ||
| Q2 25 | -5.9% | — | ||
| Q1 25 | -6.8% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -2.7% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | -5.3% | — |
| Q4 25 | -10.8% | 115.1% | ||
| Q3 25 | -4.2% | 88.9% | ||
| Q2 25 | -5.2% | 83.1% | ||
| Q1 25 | -6.3% | 43.6% | ||
| Q4 24 | -0.8% | 73.4% | ||
| Q3 24 | -3.6% | 36.8% | ||
| Q2 24 | -1.3% | 37.9% | ||
| Q1 24 | -5.6% | 42.4% |
| Q4 25 | $-0.24 | $1.54 | ||
| Q3 25 | $-0.11 | $1.00 | ||
| Q2 25 | $-0.14 | $0.90 | ||
| Q1 25 | $-0.18 | $0.47 | ||
| Q4 24 | $-0.03 | $0.78 | ||
| Q3 24 | $-0.12 | $0.37 | ||
| Q2 24 | $-0.04 | $0.37 | ||
| Q1 24 | $-0.19 | $0.40 |
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 | $25.0M |
| Total DebtLower is stronger | $154.1M | $943.3M |
| Stockholders' EquityBook value | $755.3M | $4.1B |
| Total Assets | $1.2B | $5.4B |
| Debt / EquityLower = less leverage | 0.20× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.5M | $25.0M | ||
| Q3 25 | $32.7M | $26.2M | ||
| Q2 25 | $22.9M | $128.4M | ||
| Q1 25 | $23.9M | $156.5M | ||
| Q4 24 | $12.8M | $18.1M | ||
| Q3 24 | $30.7M | $243.7M | ||
| Q2 24 | $23.9M | $182.0M | ||
| Q1 24 | $23.8M | $649.6M |
| Q4 25 | $154.1M | $943.3M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $742.4M | ||
| Q1 25 | — | $741.9M | ||
| Q4 24 | $187.9M | $823.4M | ||
| Q3 24 | — | $672.2M | ||
| Q2 24 | — | $772.0M | ||
| Q1 24 | — | $771.8M |
| Q4 25 | $755.3M | $4.1B | ||
| Q3 25 | $775.6M | $4.0B | ||
| Q2 25 | $786.7M | $3.9B | ||
| Q1 25 | $807.7M | $3.9B | ||
| Q4 24 | $822.6M | $3.7B | ||
| Q3 24 | $825.7M | $3.6B | ||
| Q2 24 | $836.8M | $3.4B | ||
| Q1 24 | $848.8M | $3.4B |
| Q4 25 | $1.2B | $5.4B | ||
| Q3 25 | $1.3B | $5.3B | ||
| Q2 25 | $1.3B | $5.0B | ||
| Q1 25 | $1.3B | $4.9B | ||
| Q4 24 | $1.3B | $4.8B | ||
| Q3 24 | $1.4B | $4.6B | ||
| Q2 24 | $1.4B | $4.5B | ||
| Q1 24 | $1.5B | $4.4B |
| Q4 25 | 0.20× | 0.23× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | 0.23× | 0.22× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.22× | ||
| Q1 24 | — | 0.22× |
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 | $271.9M |
| Free Cash FlowOCF − Capex | $-44.2M | — |
| FCF MarginFCF / Revenue | -24.6% | — |
| Capex IntensityCapex / Revenue | 33.0% | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.9M | $271.9M | ||
| Q3 25 | $27.5M | $79.5M | ||
| Q2 25 | $21.0M | $60.6M | ||
| Q1 25 | $25.8M | $61.4M | ||
| Q4 24 | $37.8M | $232.7M | ||
| Q3 24 | $35.6M | $70.0M | ||
| Q2 24 | $40.0M | $64.3M | ||
| Q1 24 | $31.0M | $47.0M |
| 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 24 | $26.3M | — |
| 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 24 | 9.7% | — |
| 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 24 | 1.7% | — |
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | — | 3.06× | ||
| Q3 24 | — | 1.91× | ||
| Q2 24 | — | 1.80× | ||
| Q1 24 | — | 1.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTLD
Segment breakdown not available.
TRNO
| Disposal Group Disposed Of By Sale Not Discontinued Operations | $109.5M | 80% |
| Other | $23.8M | 17% |
| At Market Equity Offering Program500Million | $4.1M | 3% |
