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HEARTLAND EXPRESS INC（HTLD）与WERNER ENTERPRISES INC（WERN）财务数据对比。点击上方公司名可切换其他公司
WERNER ENTERPRISES INC的季度营收约是HEARTLAND EXPRESS INC的4.0倍（$719.9M vs $179.4M）。WERNER ENTERPRISES INC净利率更高（-3.9% vs -10.8%，领先7.0%）。WERNER ENTERPRISES INC同比增速更快（-2.3% vs -26.1%）。WERNER ENTERPRISES INC自由现金流更多（$-23.5M vs $-44.2M）。过去两年WERNER ENTERPRISES INC的营收复合增速更高（-2.0% 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。
沃纳企业是美国知名运输物流服务商，业务覆盖美国、墨西哥与加拿大市场。2023年该公司营收达32.8亿美元，旗下员工及签约承包商总规模超1.4万人，在北美跨境物流、干线运输领域具备成熟的服务能力与行业影响力。
HTLD vs WERN — 直观对比
营收规模更大
WERN
是对方的4.0倍
$179.4M
营收增速更快
WERN
高出23.8%
-26.1%
净利率更高
WERN
高出7.0%
-10.8%
自由现金流更多
WERN
多$20.7M
$-44.2M
两年增速更快
WERN
近两年复合增速
-18.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $179.4M | $719.9M |
| 净利润 | $-19.4M | $-27.8M |
| 毛利率 | — | — |
| 营业利润率 | -12.7% | -5.0% |
| 净利率 | -10.8% | -3.9% |
| 营收同比 | -26.1% | -2.3% |
| 净利润同比 | -949.2% | -333.7% |
| 每股收益（稀释后） | $-0.24 | $-0.46 |
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HTLDWERN
| Q4 25 | $179.4M | $719.9M | ||
| Q3 25 | $196.5M | $752.2M | ||
| Q2 25 | $210.4M | $734.1M | ||
| Q1 25 | $219.4M | $693.4M | ||
| Q4 24 | $242.6M | $736.6M | ||
| Q3 24 | $259.9M | $726.3M | ||
| Q2 24 | $274.8M | $742.7M | ||
| Q1 24 | $270.3M | $749.5M |
净利润HTLDWERN
| Q4 25 | $-19.4M | $-27.8M | ||
| Q3 25 | $-8.3M | $-20.6M | ||
| Q2 25 | $-10.9M | $44.1M | ||
| Q1 25 | $-13.9M | $-10.1M | ||
| Q4 24 | $-1.9M | $11.9M | ||
| Q3 24 | $-9.3M | $6.6M | ||
| Q2 24 | $-3.5M | $9.5M | ||
| Q1 24 | $-15.1M | $6.3M |
营业利润率HTLDWERN
| Q4 25 | -12.7% | -5.0% | ||
| Q3 25 | -3.7% | -1.7% | ||
| Q2 25 | -5.9% | 9.0% | ||
| Q1 25 | -6.8% | -0.8% | ||
| Q4 24 | 0.4% | 1.8% | ||
| Q3 24 | -2.7% | 2.4% | ||
| Q2 24 | 0.1% | 2.6% | ||
| Q1 24 | -5.3% | 2.1% |
净利率HTLDWERN
| Q4 25 | -10.8% | -3.9% | ||
| Q3 25 | -4.2% | -2.7% | ||
| Q2 25 | -5.2% | 6.0% | ||
| Q1 25 | -6.3% | -1.5% | ||
| Q4 24 | -0.8% | 1.6% | ||
| Q3 24 | -3.6% | 0.9% | ||
| Q2 24 | -1.3% | 1.3% | ||
| Q1 24 | -5.6% | 0.8% |
每股收益（稀释后）HTLDWERN
| Q4 25 | $-0.24 | $-0.46 | ||
| Q3 25 | $-0.11 | $-0.34 | ||
| Q2 25 | $-0.14 | $0.72 | ||
| Q1 25 | $-0.18 | $-0.16 | ||
| Q4 24 | $-0.03 | $0.19 | ||
| Q3 24 | $-0.12 | $0.11 | ||
| Q2 24 | $-0.04 | $0.15 | ||
| Q1 24 | $-0.19 | $0.10 |
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 | $59.9M |
| 总债务越低越好 | $154.1M | $752.0M |
| 股东权益账面价值 | $755.3M | $1.4B |
| 总资产 | $1.2B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.20× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资HTLDWERN
| Q4 25 | $18.5M | $59.9M | ||
| Q3 25 | $32.7M | $51.0M | ||
| Q2 25 | $22.9M | $51.4M | ||
| Q1 25 | $23.9M | $52.0M | ||
| Q4 24 | $12.8M | $40.8M | ||
| Q3 24 | $30.7M | $54.7M | ||
| Q2 24 | $23.9M | $70.4M | ||
| Q1 24 | $23.8M | $60.3M |
总债务HTLDWERN
| Q4 25 | $154.1M | $752.0M | ||
| Q3 25 | — | $725.0M | ||
| Q2 25 | — | $725.0M | ||
| Q1 25 | — | $640.0M | ||
| Q4 24 | $187.9M | $650.0M | ||
| Q3 24 | — | $690.0M | ||
| Q2 24 | — | $670.0M | ||
| Q1 24 | — | $597.5M |
股东权益HTLDWERN
| Q4 25 | $755.3M | $1.4B | ||
| Q3 25 | $775.6M | $1.4B | ||
| Q2 25 | $786.7M | $1.4B | ||
| Q1 25 | $807.7M | $1.4B | ||
| Q4 24 | $822.6M | $1.5B | ||
| Q3 24 | $825.7M | $1.4B | ||
| Q2 24 | $836.8M | $1.5B | ||
| Q1 24 | $848.8M | $1.5B |
总资产HTLDWERN
| Q4 25 | $1.2B | $2.9B | ||
| Q3 25 | $1.3B | $3.0B | ||
| Q2 25 | $1.3B | $2.9B | ||
| Q1 25 | $1.3B | $3.0B | ||
| Q4 24 | $1.3B | $3.1B | ||
| Q3 24 | $1.4B | $3.1B | ||
| Q2 24 | $1.4B | $3.1B | ||
| Q1 24 | $1.5B | $3.1B |
负债/权益比HTLDWERN
| Q4 25 | 0.20× | 0.55× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | 0.23× | 0.45× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.39× |
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 | $62.3M |
| 自由现金流经营现金流 - 资本支出 | $-44.2M | $-23.5M |
| 自由现金流率自由现金流/营收 | -24.6% | -3.3% |
| 资本支出强度资本支出/营收 | 33.0% | 11.9% |
| 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 | $-68.5M |
8季度趋势，按日历期对齐
经营现金流HTLDWERN
| Q4 25 | $14.9M | $62.3M | ||
| Q3 25 | $27.5M | $44.1M | ||
| Q2 25 | $21.0M | $46.0M | ||
| Q1 25 | $25.8M | $29.4M | ||
| Q4 24 | $37.8M | $71.0M | ||
| Q3 24 | $35.6M | $61.0M | ||
| Q2 24 | $40.0M | $109.1M | ||
| Q1 24 | $31.0M | $88.6M |
自由现金流HTLDWERN
| Q4 25 | $-44.2M | $-23.5M | ||
| Q3 25 | $-12.2M | $-8.6M | ||
| Q2 25 | $-12.8M | $-42.3M | ||
| Q1 25 | $2.3M | $5.9M | ||
| Q4 24 | $-45.5M | $-9.8M | ||
| Q3 24 | $24.6M | $-73.4M | ||
| Q2 24 | $29.4M | $-31.2M | ||
| Q1 24 | $26.3M | $30.4M |
自由现金流率HTLDWERN
| Q4 25 | -24.6% | -3.3% | ||
| Q3 25 | -6.2% | -1.1% | ||
| Q2 25 | -6.1% | -5.8% | ||
| Q1 25 | 1.0% | 0.8% | ||
| Q4 24 | -18.8% | -1.3% | ||
| Q3 24 | 9.5% | -10.1% | ||
| Q2 24 | 10.7% | -4.2% | ||
| Q1 24 | 9.7% | 4.0% |
资本支出强度HTLDWERN
| Q4 25 | 33.0% | 11.9% | ||
| Q3 25 | 20.2% | 7.0% | ||
| Q2 25 | 16.1% | 12.0% | ||
| Q1 25 | 10.7% | 3.4% | ||
| Q4 24 | 34.3% | 11.0% | ||
| Q3 24 | 4.2% | 18.5% | ||
| Q2 24 | 3.8% | 18.9% | ||
| Q1 24 | 1.7% | 7.8% |
现金转化率HTLDWERN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.97× | ||
| Q3 24 | — | 9.30× | ||
| Q2 24 | — | 11.52× | ||
| Q1 24 | — | 14.03× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
HTLD
暂无分部数据
WERN
| Truckload Transportation Services Segment | $512.6M | 71% |
| Werner Logistics | $207.5M | 29% |
| CA | $3.1M | 0% |
