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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $179.4M, roughly 1.2× HEARTLAND EXPRESS INC). Vital Farms, Inc. runs the higher net margin — 7.6% vs -10.8%, a 18.5% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs -26.1%). Vital Farms, Inc. produced more free cash flow last quarter ($-32.1M vs $-44.2M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
HTLD vs VITL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $213.6M |
| Net Profit | $-19.4M | $16.3M |
| Gross Margin | — | 35.8% |
| Operating Margin | -12.7% | 10.0% |
| Net Margin | -10.8% | 7.6% |
| Revenue YoY | -26.1% | 28.7% |
| Net Profit YoY | -949.2% | 54.3% |
| EPS (diluted) | $-0.24 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $196.5M | $198.9M | ||
| Q2 25 | $210.4M | $184.8M | ||
| Q1 25 | $219.4M | $162.2M | ||
| Q4 24 | $242.6M | $166.0M | ||
| Q3 24 | $259.9M | $145.0M | ||
| Q2 24 | $274.8M | $147.4M | ||
| Q1 24 | $270.3M | $147.9M |
| Q4 25 | $-19.4M | $16.3M | ||
| Q3 25 | $-8.3M | $16.4M | ||
| Q2 25 | $-10.9M | $16.6M | ||
| Q1 25 | $-13.9M | $16.9M | ||
| Q4 24 | $-1.9M | $10.6M | ||
| Q3 24 | $-9.3M | $7.4M | ||
| Q2 24 | $-3.5M | $16.3M | ||
| Q1 24 | $-15.1M | $19.0M |
| Q4 25 | — | 35.8% | ||
| Q3 25 | — | 37.7% | ||
| Q2 25 | — | 38.9% | ||
| Q1 25 | — | 38.5% | ||
| Q4 24 | — | 36.1% | ||
| Q3 24 | — | 36.9% | ||
| Q2 24 | — | 39.1% | ||
| Q1 24 | — | 39.8% |
| Q4 25 | -12.7% | 10.0% | ||
| Q3 25 | -3.7% | 10.8% | ||
| Q2 25 | -5.9% | 12.9% | ||
| Q1 25 | -6.8% | 13.4% | ||
| Q4 24 | 0.4% | 7.8% | ||
| Q3 24 | -2.7% | 6.4% | ||
| Q2 24 | 0.1% | 11.6% | ||
| Q1 24 | -5.3% | 16.3% |
| Q4 25 | -10.8% | 7.6% | ||
| Q3 25 | -4.2% | 8.3% | ||
| Q2 25 | -5.2% | 9.0% | ||
| Q1 25 | -6.3% | 10.4% | ||
| Q4 24 | -0.8% | 6.4% | ||
| Q3 24 | -3.6% | 5.1% | ||
| Q2 24 | -1.3% | 11.1% | ||
| Q1 24 | -5.6% | 12.9% |
| Q4 25 | $-0.24 | $0.35 | ||
| Q3 25 | $-0.11 | $0.36 | ||
| Q2 25 | $-0.14 | $0.36 | ||
| Q1 25 | $-0.18 | $0.37 | ||
| Q4 24 | $-0.03 | $0.23 | ||
| Q3 24 | $-0.12 | $0.16 | ||
| Q2 24 | $-0.04 | $0.36 | ||
| Q1 24 | $-0.19 | $0.43 |
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 | $48.8M |
| Total DebtLower is stronger | $154.1M | — |
| Stockholders' EquityBook value | $755.3M | $351.3M |
| Total Assets | $1.2B | $518.7M |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.5M | $48.8M | ||
| Q3 25 | $32.7M | $93.8M | ||
| Q2 25 | $22.9M | $108.2M | ||
| Q1 25 | $23.9M | $156.3M | ||
| Q4 24 | $12.8M | $150.6M | ||
| Q3 24 | $30.7M | $149.5M | ||
| Q2 24 | $23.9M | $133.2M | ||
| Q1 24 | $23.8M | $113.8M |
| Q4 25 | $154.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $187.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $755.3M | $351.3M | ||
| Q3 25 | $775.6M | $331.2M | ||
| Q2 25 | $786.7M | $309.8M | ||
| Q1 25 | $807.7M | $288.9M | ||
| Q4 24 | $822.6M | $269.3M | ||
| Q3 24 | $825.7M | $253.4M | ||
| Q2 24 | $836.8M | $238.4M | ||
| Q1 24 | $848.8M | $213.3M |
| Q4 25 | $1.2B | $518.7M | ||
| Q3 25 | $1.3B | $481.5M | ||
| Q2 25 | $1.3B | $430.8M | ||
| Q1 25 | $1.3B | $376.9M | ||
| Q4 24 | $1.3B | $359.3M | ||
| Q3 24 | $1.4B | $344.7M | ||
| Q2 24 | $1.4B | $320.5M | ||
| Q1 24 | $1.5B | $300.2M |
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.23× | — | ||
| Q3 24 | — | — | ||
| 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 | $5.8M |
| Free Cash FlowOCF − Capex | $-44.2M | $-32.1M |
| FCF MarginFCF / Revenue | -24.6% | -15.1% |
| Capex IntensityCapex / Revenue | 33.0% | 17.8% |
| Cash ConversionOCF / Net Profit | — | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.9M | $5.8M | ||
| Q3 25 | $27.5M | $23.4M | ||
| Q2 25 | $21.0M | $-761.0K | ||
| Q1 25 | $25.8M | $5.3M | ||
| Q4 24 | $37.8M | $14.8M | ||
| Q3 24 | $35.6M | $10.0M | ||
| Q2 24 | $40.0M | $16.1M | ||
| Q1 24 | $31.0M | $23.9M |
| Q4 25 | $-44.2M | $-32.1M | ||
| Q3 25 | $-12.2M | $-10.6M | ||
| Q2 25 | $-12.8M | $-7.6M | ||
| Q1 25 | $2.3M | $2.1M | ||
| Q4 24 | $-45.5M | $-3.4M | ||
| Q3 24 | $24.6M | $6.4M | ||
| Q2 24 | $29.4M | $10.5M | ||
| Q1 24 | $26.3M | $22.6M |
| Q4 25 | -24.6% | -15.1% | ||
| Q3 25 | -6.2% | -5.3% | ||
| Q2 25 | -6.1% | -4.1% | ||
| Q1 25 | 1.0% | 1.3% | ||
| Q4 24 | -18.8% | -2.0% | ||
| Q3 24 | 9.5% | 4.4% | ||
| Q2 24 | 10.7% | 7.2% | ||
| Q1 24 | 9.7% | 15.3% |
| Q4 25 | 33.0% | 17.8% | ||
| Q3 25 | 20.2% | 17.1% | ||
| Q2 25 | 16.1% | 3.7% | ||
| Q1 25 | 10.7% | 1.9% | ||
| Q4 24 | 34.3% | 10.9% | ||
| Q3 24 | 4.2% | 2.5% | ||
| Q2 24 | 3.8% | 3.8% | ||
| Q1 24 | 1.7% | 0.9% |
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | -0.05× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.34× | ||
| Q2 24 | — | 0.99× | ||
| Q1 24 | — | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTLD
Segment breakdown not available.
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
