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Side-by-side financial comparison of HEARTLAND EXPRESS INC (HTLD) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $179.4M, roughly 1.9× HEARTLAND EXPRESS INC). HEARTLAND EXPRESS INC runs the higher net margin — -10.8% vs -12.9%, a 2.1% gap on every dollar of revenue. On growth, Walker & Dunlop, Inc. posted the faster year-over-year revenue change (-0.4% vs -26.1%). HEARTLAND EXPRESS INC produced more free cash flow last quarter ($-44.2M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
HTLD vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.4M | $340.0M |
| Net Profit | $-19.4M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | -12.7% | -17.2% |
| Net Margin | -10.8% | -12.9% |
| Revenue YoY | -26.1% | -0.4% |
| Net Profit YoY | -949.2% | -131.0% |
| EPS (diluted) | $-0.24 | $-0.41 |
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 | $340.0M | ||
| Q3 25 | $196.5M | $337.7M | ||
| Q2 25 | $210.4M | $319.2M | ||
| Q1 25 | $219.4M | $237.4M | ||
| Q4 24 | $242.6M | $341.5M | ||
| Q3 24 | $259.9M | $292.3M | ||
| Q2 24 | $274.8M | $270.7M | ||
| Q1 24 | $270.3M | $228.1M |
| Q4 25 | $-19.4M | $-13.9M | ||
| Q3 25 | $-8.3M | $33.5M | ||
| Q2 25 | $-10.9M | $34.0M | ||
| Q1 25 | $-13.9M | $2.8M | ||
| Q4 24 | $-1.9M | $44.8M | ||
| Q3 24 | $-9.3M | $28.8M | ||
| Q2 24 | $-3.5M | $22.7M | ||
| Q1 24 | $-15.1M | $11.9M |
| Q4 25 | -12.7% | -17.2% | ||
| Q3 25 | -3.7% | 13.6% | ||
| Q2 25 | -5.9% | 14.5% | ||
| Q1 25 | -6.8% | 2.2% | ||
| Q4 24 | 0.4% | 15.3% | ||
| Q3 24 | -2.7% | 12.8% | ||
| Q2 24 | 0.1% | 10.4% | ||
| Q1 24 | -5.3% | 6.0% |
| Q4 25 | -10.8% | -12.9% | ||
| Q3 25 | -4.2% | 9.9% | ||
| Q2 25 | -5.2% | 10.6% | ||
| Q1 25 | -6.3% | 1.2% | ||
| Q4 24 | -0.8% | 13.1% | ||
| Q3 24 | -3.6% | 9.9% | ||
| Q2 24 | -1.3% | 8.4% | ||
| Q1 24 | -5.6% | 5.2% |
| Q4 25 | $-0.24 | $-0.41 | ||
| Q3 25 | $-0.11 | $0.98 | ||
| Q2 25 | $-0.14 | $0.99 | ||
| Q1 25 | $-0.18 | $0.08 | ||
| Q4 24 | $-0.03 | $1.32 | ||
| Q3 24 | $-0.12 | $0.85 | ||
| Q2 24 | $-0.04 | $0.67 | ||
| Q1 24 | $-0.19 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | $154.1M | — |
| Stockholders' EquityBook value | $755.3M | $1.7B |
| Total Assets | $1.2B | $5.1B |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.5M | $299.3M | ||
| Q3 25 | $32.7M | $274.8M | ||
| Q2 25 | $22.9M | $233.7M | ||
| Q1 25 | $23.9M | $181.0M | ||
| Q4 24 | $12.8M | $279.3M | ||
| Q3 24 | $30.7M | $179.8M | ||
| Q2 24 | $23.9M | $208.1M | ||
| Q1 24 | $23.8M | $216.5M |
| Q4 25 | $154.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $187.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $755.3M | $1.7B | ||
| Q3 25 | $775.6M | $1.8B | ||
| Q2 25 | $786.7M | $1.8B | ||
| Q1 25 | $807.7M | $1.7B | ||
| Q4 24 | $822.6M | $1.7B | ||
| Q3 24 | $825.7M | $1.7B | ||
| Q2 24 | $836.8M | $1.7B | ||
| Q1 24 | $848.8M | $1.7B |
| Q4 25 | $1.2B | $5.1B | ||
| Q3 25 | $1.3B | $5.8B | ||
| Q2 25 | $1.3B | $4.7B | ||
| Q1 25 | $1.3B | $4.5B | ||
| Q4 24 | $1.3B | $4.4B | ||
| Q3 24 | $1.4B | $4.6B | ||
| Q2 24 | $1.4B | $4.2B | ||
| Q1 24 | $1.5B | $3.8B |
| 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 | $-664.3M |
| Free Cash FlowOCF − Capex | $-44.2M | $-680.1M |
| FCF MarginFCF / Revenue | -24.6% | -200.0% |
| Capex IntensityCapex / Revenue | 33.0% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-66.9M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.9M | $-664.3M | ||
| Q3 25 | $27.5M | $-948.1M | ||
| Q2 25 | $21.0M | $-238.5M | ||
| Q1 25 | $25.8M | $-281.1M | ||
| Q4 24 | $37.8M | $129.4M | ||
| Q3 24 | $35.6M | $-202.0M | ||
| Q2 24 | $40.0M | $-237.8M | ||
| Q1 24 | $31.0M | $38.4M |
| Q4 25 | $-44.2M | $-680.1M | ||
| Q3 25 | $-12.2M | $-950.4M | ||
| Q2 25 | $-12.8M | $-241.0M | ||
| Q1 25 | $2.3M | $-284.7M | ||
| Q4 24 | $-45.5M | $116.4M | ||
| Q3 24 | $24.6M | $-204.0M | ||
| Q2 24 | $29.4M | $-241.7M | ||
| Q1 24 | $26.3M | $35.2M |
| Q4 25 | -24.6% | -200.0% | ||
| Q3 25 | -6.2% | -281.5% | ||
| Q2 25 | -6.1% | -75.5% | ||
| Q1 25 | 1.0% | -120.0% | ||
| Q4 24 | -18.8% | 34.1% | ||
| Q3 24 | 9.5% | -69.8% | ||
| Q2 24 | 10.7% | -89.3% | ||
| Q1 24 | 9.7% | 15.4% |
| Q4 25 | 33.0% | 4.6% | ||
| Q3 25 | 20.2% | 0.7% | ||
| Q2 25 | 16.1% | 0.8% | ||
| Q1 25 | 10.7% | 1.5% | ||
| Q4 24 | 34.3% | 3.8% | ||
| Q3 24 | 4.2% | 0.7% | ||
| Q2 24 | 3.8% | 1.4% | ||
| Q1 24 | 1.7% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | — | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | -7.01× | ||
| Q2 24 | — | -10.49× | ||
| Q1 24 | — | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
