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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and CVR PARTNERS, LP (UAN). Click either name above to swap in a different company.
CVR PARTNERS, LP is the larger business by last-quarter revenue ($180.0M vs $179.4M, roughly 1.0× HEARTLAND EXPRESS INC). CVR PARTNERS, LP runs the higher net margin — 27.7% vs -10.8%, a 38.6% gap on every dollar of revenue. On growth, CVR PARTNERS, LP posted the faster year-over-year revenue change (26.0% vs -26.1%). Over the past eight quarters, CVR PARTNERS, LP's revenue compounded faster (16.4% 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.
CVR Partners, LP is a leading North American producer of nitrogen-based fertilizer products, primarily urea ammonium nitrate (UAN) and ammonia. It serves agricultural, industrial and commercial markets across the U.S. and Canada, delivering cost-effective, high-quality nutrient solutions for crop production and diverse industrial use cases.
HTLD vs UAN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $180.0M |
| Net Profit | $-19.4M | $49.9M |
| Gross Margin | — | 37.5% |
| Operating Margin | -12.7% | 32.0% |
| Net Margin | -10.8% | 27.7% |
| Revenue YoY | -26.1% | 26.0% |
| Net Profit YoY | -949.2% | 84.3% |
| EPS (diluted) | $-0.24 | — |
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 | — | $180.0M | ||
| Q4 25 | $179.4M | $131.1M | ||
| Q3 25 | $196.5M | $163.5M | ||
| Q2 25 | $210.4M | $168.6M | ||
| Q1 25 | $219.4M | $142.9M | ||
| Q4 24 | $242.6M | $139.6M | ||
| Q3 24 | $259.9M | $125.2M | ||
| Q2 24 | $274.8M | $132.9M |
| Q1 26 | — | $49.9M | ||
| Q4 25 | $-19.4M | $-10.3M | ||
| Q3 25 | $-8.3M | $43.1M | ||
| Q2 25 | $-10.9M | $38.8M | ||
| Q1 25 | $-13.9M | $27.1M | ||
| Q4 24 | $-1.9M | $18.3M | ||
| Q3 24 | $-9.3M | $3.8M | ||
| Q2 24 | $-3.5M | $26.2M |
| Q1 26 | — | 37.5% | ||
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.4% | ||
| Q1 25 | — | 29.7% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | 30.0% |
| Q1 26 | — | 32.0% | ||
| Q4 25 | -12.7% | -2.2% | ||
| Q3 25 | -3.7% | 31.0% | ||
| Q2 25 | -5.9% | 27.5% | ||
| Q1 25 | -6.8% | 24.2% | ||
| Q4 24 | 0.4% | 18.4% | ||
| Q3 24 | -2.7% | 8.8% | ||
| Q2 24 | 0.1% | 25.3% |
| Q1 26 | — | 27.7% | ||
| Q4 25 | -10.8% | -7.8% | ||
| Q3 25 | -4.2% | 26.3% | ||
| Q2 25 | -5.2% | 23.0% | ||
| Q1 25 | -6.3% | 19.0% | ||
| Q4 24 | -0.8% | 13.1% | ||
| Q3 24 | -3.6% | 3.0% | ||
| Q2 24 | -1.3% | 19.7% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.24 | $-0.98 | ||
| Q3 25 | $-0.11 | $4.08 | ||
| Q2 25 | $-0.14 | $3.67 | ||
| Q1 25 | $-0.18 | $2.56 | ||
| Q4 24 | $-0.03 | $1.73 | ||
| Q3 24 | $-0.12 | $0.36 | ||
| Q2 24 | $-0.04 | $2.48 |
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 | $128.1M |
| Total DebtLower is stronger | $154.1M | — |
| Stockholders' EquityBook value | $755.3M | — |
| Total Assets | $1.2B | $1.0B |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.1M | ||
| Q4 25 | $18.5M | $69.2M | ||
| Q3 25 | $32.7M | $156.2M | ||
| Q2 25 | $22.9M | $114.4M | ||
| Q1 25 | $23.9M | $121.8M | ||
| Q4 24 | $12.8M | $90.9M | ||
| Q3 24 | $30.7M | $110.5M | ||
| Q2 24 | $23.9M | $47.5M |
| Q1 26 | — | — | ||
| Q4 25 | $154.1M | $569.1M | ||
| Q3 25 | — | $569.1M | ||
| Q2 25 | — | $569.2M | ||
| Q1 25 | — | $569.3M | ||
| Q4 24 | $187.9M | $568.0M | ||
| Q3 24 | — | $547.7M | ||
| Q2 24 | — | $547.6M |
| Q1 26 | — | — | ||
| Q4 25 | $755.3M | — | ||
| Q3 25 | $775.6M | — | ||
| Q2 25 | $786.7M | — | ||
| Q1 25 | $807.7M | — | ||
| Q4 24 | $822.6M | — | ||
| Q3 24 | $825.7M | — | ||
| Q2 24 | $836.8M | — |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.2B | $969.5M | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $1.3B | $998.0M | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.4B | $986.6M | ||
| Q2 24 | $1.4B | $959.4M |
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $14.9M | — |
| Free Cash FlowOCF − Capex | $-44.2M | — |
| FCF MarginFCF / Revenue | -24.6% | — |
| Capex IntensityCapex / Revenue | 33.0% | 7.6% |
| 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 | $-21.6M | ||
| Q3 25 | $27.5M | $91.7M | ||
| Q2 25 | $21.0M | $24.1M | ||
| Q1 25 | $25.8M | $55.4M | ||
| Q4 24 | $37.8M | $12.8M | ||
| Q3 24 | $35.6M | $86.7M | ||
| Q2 24 | $40.0M | $8.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-44.2M | $-45.2M | ||
| Q3 25 | $-12.2M | $80.1M | ||
| Q2 25 | $-12.8M | $18.4M | ||
| Q1 25 | $2.3M | $45.5M | ||
| Q4 24 | $-45.5M | $-5.6M | ||
| Q3 24 | $24.6M | $82.3M | ||
| Q2 24 | $29.4M | $2.4M |
| Q1 26 | — | — | ||
| Q4 25 | -24.6% | -34.5% | ||
| Q3 25 | -6.2% | 49.0% | ||
| Q2 25 | -6.1% | 10.9% | ||
| Q1 25 | 1.0% | 31.9% | ||
| Q4 24 | -18.8% | -4.0% | ||
| Q3 24 | 9.5% | 65.7% | ||
| Q2 24 | 10.7% | 1.8% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 33.0% | 18.0% | ||
| Q3 25 | 20.2% | 7.1% | ||
| Q2 25 | 16.1% | 3.4% | ||
| Q1 25 | 10.7% | 6.9% | ||
| Q4 24 | 34.3% | 13.1% | ||
| Q3 24 | 4.2% | 3.6% | ||
| Q2 24 | 3.8% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.13× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 2.04× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 22.78× | ||
| Q2 24 | — | 0.33× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTLD
Segment breakdown not available.
UAN
| Fertilizer sales | $166.1M | 92% |
| Other | $14.0M | 8% |
