Heartland Express vs Universal Logistics Holdings
Universal Logistics Holdings is the larger business, with $1.56bn of revenue in fiscal 2025 against $806m for Heartland Express (1.9 times as much). Universal Logistics Holdings grew faster (-15.6% against -23.1%). Universal Logistics Holdings kept more of each dollar of sales as profit: a net margin of -6.4% against -6.5%. Heartland Express carries less debt relative to equity (21.2% against 148.5%).
| Latest fiscal year | Heartland ExpressHTLD, 2025 | Universal Logistics HoldingsULH, 2025 |
|---|---|---|
| Revenue | $806m | $1.56bn |
| Revenue growth | -23.1% | -15.6% |
| Net income | −$52.5m | −$99.9m |
| Operating margin | -7.1% | -4.1% |
| Net margin | -6.5% | -6.4% |
| Return on equity | -6.6% | -16.8% |
| Free cash flow | −$66.9m | −$41.1m |
| Cash | $18.5m | $26.8m |
| Total debt | $160m | $802m |
| Debt to equity | 21.2% | 148.5% |
| Dividend per share | $0.08 | $0.42 |
| Dividend yield | 0.8% | 1.5% |
| Share buybacks | $10.4m | $85,000 |
| Employees | — | 10,525 |
| Market value | $818m | $822m |
| Price vs our value range | — | — |
| Moat score | 48 (Moderate) | 43 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |