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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and VICOR CORP (VICR). Click either name above to swap in a different company.

HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $113.0M, roughly 1.6× VICOR CORP). VICOR CORP runs the higher net margin — 18.3% vs -10.8%, a 29.1% gap on every dollar of revenue. On growth, VICOR CORP posted the faster year-over-year revenue change (20.2% vs -26.1%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% 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.

Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.

HTLD vs VICR — Head-to-Head

Bigger by revenue
HTLD
HTLD
1.6× larger
HTLD
$179.4M
$113.0M
VICR
Growing faster (revenue YoY)
VICR
VICR
+46.3% gap
VICR
20.2%
-26.1%
HTLD
Higher net margin
VICR
VICR
29.1% more per $
VICR
18.3%
-10.8%
HTLD
Faster 2-yr revenue CAGR
VICR
VICR
Annualised
VICR
14.7%
-18.5%
HTLD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HTLD
HTLD
VICR
VICR
Revenue
$179.4M
$113.0M
Net Profit
$-19.4M
$20.7M
Gross Margin
Operating Margin
-12.7%
59.7%
Net Margin
-10.8%
18.3%
Revenue YoY
-26.1%
20.2%
Net Profit YoY
-949.2%
713.9%
EPS (diluted)
$-0.24
$0.44

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
VICR
VICR
Q1 26
$113.0M
Q4 25
$179.4M
$107.3M
Q3 25
$196.5M
$110.4M
Q2 25
$210.4M
$96.0M
Q1 25
$219.4M
$94.0M
Q4 24
$242.6M
$96.2M
Q3 24
$259.9M
$93.2M
Q2 24
$274.8M
$85.9M
Net Profit
HTLD
HTLD
VICR
VICR
Q1 26
$20.7M
Q4 25
$-19.4M
$46.5M
Q3 25
$-8.3M
$28.3M
Q2 25
$-10.9M
$41.2M
Q1 25
$-13.9M
$2.5M
Q4 24
$-1.9M
$10.2M
Q3 24
$-9.3M
$11.6M
Q2 24
$-3.5M
$-1.2M
Gross Margin
HTLD
HTLD
VICR
VICR
Q1 26
Q4 25
55.4%
Q3 25
57.5%
Q2 25
95.9%
Q1 25
47.2%
Q4 24
52.4%
Q3 24
49.1%
Q2 24
49.8%
Operating Margin
HTLD
HTLD
VICR
VICR
Q1 26
59.7%
Q4 25
-12.7%
14.6%
Q3 25
-3.7%
18.9%
Q2 25
-5.9%
47.3%
Q1 25
-6.8%
-0.2%
Q4 24
0.4%
9.6%
Q3 24
-2.7%
5.8%
Q2 24
0.1%
0.2%
Net Margin
HTLD
HTLD
VICR
VICR
Q1 26
18.3%
Q4 25
-10.8%
43.4%
Q3 25
-4.2%
25.6%
Q2 25
-5.2%
42.9%
Q1 25
-6.3%
2.7%
Q4 24
-0.8%
10.7%
Q3 24
-3.6%
12.4%
Q2 24
-1.3%
-1.4%
EPS (diluted)
HTLD
HTLD
VICR
VICR
Q1 26
$0.44
Q4 25
$-0.24
$1.01
Q3 25
$-0.11
$0.63
Q2 25
$-0.14
$0.91
Q1 25
$-0.18
$0.06
Q4 24
$-0.03
$0.24
Q3 24
$-0.12
$0.26
Q2 24
$-0.04
$-0.03

Balance Sheet & Financial Strength

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

Metric
HTLD
HTLD
VICR
VICR
Cash + ST InvestmentsLiquidity on hand
$18.5M
$404.2M
Total DebtLower is stronger
$154.1M
Stockholders' EquityBook value
$755.3M
$754.1M
Total Assets
$1.2B
$804.9M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTLD
HTLD
VICR
VICR
Q1 26
$404.2M
Q4 25
$18.5M
$402.8M
Q3 25
$32.7M
$362.4M
Q2 25
$22.9M
$338.5M
Q1 25
$23.9M
$296.1M
Q4 24
$12.8M
$277.3M
Q3 24
$30.7M
$267.6M
Q2 24
$23.9M
$251.9M
Total Debt
HTLD
HTLD
VICR
VICR
Q1 26
Q4 25
$154.1M
Q3 25
Q2 25
Q1 25
Q4 24
$187.9M
Q3 24
Q2 24
Stockholders' Equity
HTLD
HTLD
VICR
VICR
Q1 26
$754.1M
Q4 25
$755.3M
$711.6M
Q3 25
$775.6M
$630.1M
Q2 25
$786.7M
$608.6M
Q1 25
$807.7M
$580.3M
Q4 24
$822.6M
$570.1M
Q3 24
$825.7M
$554.6M
Q2 24
$836.8M
$537.2M
Total Assets
HTLD
HTLD
VICR
VICR
Q1 26
$804.9M
Q4 25
$1.2B
$785.8M
Q3 25
$1.3B
$710.2M
Q2 25
$1.3B
$693.5M
Q1 25
$1.3B
$665.0M
Q4 24
$1.3B
$641.1M
Q3 24
$1.4B
$632.8M
Q2 24
$1.4B
$613.2M
Debt / Equity
HTLD
HTLD
VICR
VICR
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
HTLD
HTLD
VICR
VICR
Operating Cash FlowLast quarter
$14.9M
Free Cash FlowOCF − Capex
$-44.2M
FCF MarginFCF / Revenue
-24.6%
Capex IntensityCapex / Revenue
33.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-66.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HTLD
HTLD
VICR
VICR
Q1 26
Q4 25
$14.9M
$15.7M
Q3 25
$27.5M
$38.5M
Q2 25
$21.0M
$65.2M
Q1 25
$25.8M
$20.1M
Q4 24
$37.8M
$10.1M
Q3 24
$35.6M
$22.6M
Q2 24
$40.0M
$15.6M
Free Cash Flow
HTLD
HTLD
VICR
VICR
Q1 26
Q4 25
$-44.2M
$10.2M
Q3 25
$-12.2M
$34.5M
Q2 25
$-12.8M
$59.0M
Q1 25
$2.3M
$15.6M
Q4 24
$-45.5M
$8.4M
Q3 24
$24.6M
$14.1M
Q2 24
$29.4M
$9.4M
FCF Margin
HTLD
HTLD
VICR
VICR
Q1 26
Q4 25
-24.6%
9.5%
Q3 25
-6.2%
31.2%
Q2 25
-6.1%
61.5%
Q1 25
1.0%
16.6%
Q4 24
-18.8%
8.7%
Q3 24
9.5%
15.2%
Q2 24
10.7%
11.0%
Capex Intensity
HTLD
HTLD
VICR
VICR
Q1 26
Q4 25
33.0%
5.2%
Q3 25
20.2%
3.6%
Q2 25
16.1%
6.5%
Q1 25
10.7%
4.8%
Q4 24
34.3%
1.8%
Q3 24
4.2%
9.1%
Q2 24
3.8%
7.2%
Cash Conversion
HTLD
HTLD
VICR
VICR
Q1 26
Q4 25
0.34×
Q3 25
1.36×
Q2 25
1.58×
Q1 25
7.93×
Q4 24
0.99×
Q3 24
1.95×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HTLD
HTLD

Segment breakdown not available.

VICR
VICR

Product revenue$98.0M87%
Royalty revenue$15.0M13%

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