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HEARTLAND EXPRESS INC（HTLD）与微策略（MSTR）财务数据对比。点击上方公司名可切换其他公司
HEARTLAND EXPRESS INC的季度营收约是微策略的1.5倍（$179.4M vs $123.0M），微策略同比增速更快（1.9% vs -26.1%），过去两年微策略的营收复合增速更高（3.3% vs -18.5%）
哈特兰德快运是一家总部位于艾奥瓦州北利伯蒂的美国公路货运企业，核心业务为覆盖美国全境的整车公路运输服务，在北美干线货运领域拥有稳定的运营网络与行业经验。
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
HTLD vs MSTR — 直观对比
营收规模更大
HTLD
是对方的1.5倍
$123.0M
营收增速更快
MSTR
高出28.0%
-26.1%
两年增速更快
MSTR
近两年复合增速
-18.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $179.4M | $123.0M |
| 净利润 | $-19.4M | — |
| 毛利率 | — | 66.1% |
| 营业利润率 | -12.7% | — |
| 净利率 | -10.8% | — |
| 营收同比 | -26.1% | 1.9% |
| 净利润同比 | -949.2% | — |
| 每股收益（稀释后） | $-0.24 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收HTLDMSTR
| Q4 25 | $179.4M | $123.0M | ||
| Q3 25 | $196.5M | $128.7M | ||
| Q2 25 | $210.4M | $114.5M | ||
| Q1 25 | $219.4M | $111.1M | ||
| Q4 24 | $242.6M | $120.7M | ||
| Q3 24 | $259.9M | $116.1M | ||
| Q2 24 | $274.8M | $111.4M | ||
| Q1 24 | $270.3M | $115.2M |
净利润HTLDMSTR
| Q4 25 | $-19.4M | — | ||
| Q3 25 | $-8.3M | $2.8B | ||
| Q2 25 | $-10.9M | $10.0B | ||
| Q1 25 | $-13.9M | $-4.2B | ||
| Q4 24 | $-1.9M | $-670.8M | ||
| Q3 24 | $-9.3M | $-340.2M | ||
| Q2 24 | $-3.5M | $-102.6M | ||
| Q1 24 | $-15.1M | $-53.1M |
毛利率HTLDMSTR
| Q4 25 | — | 66.1% | ||
| Q3 25 | — | 70.5% | ||
| Q2 25 | — | 68.8% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | — | 71.7% | ||
| Q3 24 | — | 70.4% | ||
| Q2 24 | — | 72.2% | ||
| Q1 24 | — | 74.0% |
营业利润率HTLDMSTR
| Q4 25 | -12.7% | — | ||
| Q3 25 | -3.7% | — | ||
| Q2 25 | -5.9% | — | ||
| Q1 25 | -6.8% | -5331.4% | ||
| Q4 24 | 0.4% | -842.1% | ||
| Q3 24 | -2.7% | -372.7% | ||
| Q2 24 | 0.1% | -179.7% | ||
| Q1 24 | -5.3% | -176.8% |
净利率HTLDMSTR
| Q4 25 | -10.8% | — | ||
| Q3 25 | -4.2% | 2164.1% | ||
| Q2 25 | -5.2% | 8752.7% | ||
| Q1 25 | -6.3% | -3797.2% | ||
| Q4 24 | -0.8% | -555.8% | ||
| Q3 24 | -3.6% | -293.1% | ||
| Q2 24 | -1.3% | -92.0% | ||
| Q1 24 | -5.6% | -46.1% |
每股收益（稀释后）HTLDMSTR
| Q4 25 | $-0.24 | — | ||
| Q3 25 | $-0.11 | $8.42 | ||
| Q2 25 | $-0.14 | $32.60 | ||
| Q1 25 | $-0.18 | $-16.49 | ||
| Q4 24 | $-0.03 | $4.49 | ||
| Q3 24 | $-0.12 | $-1.72 | ||
| Q2 24 | $-0.04 | $-0.57 | ||
| Q1 24 | $-0.19 | $-0.31 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $18.5M | $2.3B |
| 总债务越低越好 | $154.1M | $8.2B |
| 股东权益账面价值 | $755.3M | $44.1B |
| 总资产 | $1.2B | $61.6B |
| 负债/权益比越低杠杆越低 | 0.20× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资HTLDMSTR
| Q4 25 | $18.5M | $2.3B | ||
| Q3 25 | $32.7M | $54.3M | ||
| Q2 25 | $22.9M | $50.1M | ||
| Q1 25 | $23.9M | $60.3M | ||
| Q4 24 | $12.8M | $38.1M | ||
| Q3 24 | $30.7M | $46.3M | ||
| Q2 24 | $23.9M | $66.9M | ||
| Q1 24 | $23.8M | $81.3M |
总债务HTLDMSTR
| Q4 25 | $154.1M | $8.2B | ||
| Q3 25 | — | $8.2B | ||
| Q2 25 | — | $8.2B | ||
| Q1 25 | — | $8.1B | ||
| Q4 24 | $187.9M | $7.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.6B |
股东权益HTLDMSTR
| Q4 25 | $755.3M | $44.1B | ||
| Q3 25 | $775.6M | $52.3B | ||
| Q2 25 | $786.7M | $47.5B | ||
| Q1 25 | $807.7M | $32.2B | ||
| Q4 24 | $822.6M | $18.2B | ||
| Q3 24 | $825.7M | $3.8B | ||
| Q2 24 | $836.8M | $2.8B | ||
| Q1 24 | $848.8M | $2.4B |
总资产HTLDMSTR
| Q4 25 | $1.2B | $61.6B | ||
| Q3 25 | $1.3B | $73.6B | ||
| Q2 25 | $1.3B | $64.8B | ||
| Q1 25 | $1.3B | $43.9B | ||
| Q4 24 | $1.3B | $25.8B | ||
| Q3 24 | $1.4B | $8.3B | ||
| Q2 24 | $1.4B | $7.1B | ||
| Q1 24 | $1.5B | $6.4B |
负债/权益比HTLDMSTR
| Q4 25 | 0.20× | 0.19× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | 0.23× | 0.39× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.48× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $14.9M | — |
| 自由现金流经营现金流 - 资本支出 | $-44.2M | — |
| 自由现金流率自由现金流/营收 | -24.6% | — |
| 资本支出强度资本支出/营收 | 33.0% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-66.9M | — |
8季度趋势，按日历期对齐
经营现金流HTLDMSTR
| Q4 25 | $14.9M | — | ||
| Q3 25 | $27.5M | $-8.3M | ||
| Q2 25 | $21.0M | $-34.9M | ||
| Q1 25 | $25.8M | $-2.4M | ||
| Q4 24 | $37.8M | $-17.3M | ||
| Q3 24 | $35.6M | $-41.0M | ||
| Q2 24 | $40.0M | $-23.3M | ||
| Q1 24 | $31.0M | $28.6M |
自由现金流HTLDMSTR
| Q4 25 | $-44.2M | — | ||
| Q3 25 | $-12.2M | $-11.1M | ||
| Q2 25 | $-12.8M | $-37.0M | ||
| Q1 25 | $2.3M | $-5.1M | ||
| Q4 24 | $-45.5M | $-17.6M | ||
| Q3 24 | $24.6M | $-41.4M | ||
| Q2 24 | $29.4M | $-24.1M | ||
| Q1 24 | $26.3M | $27.0M |
自由现金流率HTLDMSTR
| Q4 25 | -24.6% | — | ||
| Q3 25 | -6.2% | -8.6% | ||
| Q2 25 | -6.1% | -32.3% | ||
| Q1 25 | 1.0% | -4.6% | ||
| Q4 24 | -18.8% | -14.6% | ||
| Q3 24 | 9.5% | -35.7% | ||
| Q2 24 | 10.7% | -21.6% | ||
| Q1 24 | 9.7% | 23.5% |
资本支出强度HTLDMSTR
| Q4 25 | 33.0% | — | ||
| Q3 25 | 20.2% | 2.2% | ||
| Q2 25 | 16.1% | 1.8% | ||
| Q1 25 | 10.7% | 2.5% | ||
| Q4 24 | 34.3% | 0.2% | ||
| Q3 24 | 4.2% | 0.4% | ||
| Q2 24 | 3.8% | 0.6% | ||
| Q1 24 | 1.7% | 1.3% |
现金转化率HTLDMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | -0.00× | ||
| Q2 25 | — | -0.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
