HTLD Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03

Price $11.90

Market Cap (MRQ) $920M

P/E (TTM) -44.1

EPS (TTM) $-0.27

Revenue (TTM) $736M

Div Yield 0.68%

ROE (TTM) -2.8%

Debt/Equity (MRQ) 0.2

52W Range $7–$17

HTLD Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04

range

bars

Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.

Stock splits 9

Ex-date	Split	Type
May 16, 2006	4-for-3	Forward
Aug. 23, 2004	3-for-2	Forward
Feb. 20, 2002	1569-for-995	Forward
June 1, 2001	5-for-4	Forward
Oct. 7, 1996	3-for-2	Forward
Dec. 4, 1995	1326-for-863	Forward
Dec. 14, 1993	5-for-4	Forward
Dec. 22, 1992	4-for-3	Forward
Nov. 26, 1991	3-for-2	Forward

10-Year Performance Revenue, net income, margins and EPS trends

06

Revenue$806M

2017-12-31 → 2025-12-31

EPS$-0.67

2017-12-31 → 2025-12-31

Free Cash Flow$-67M

2017-12-31 → 2025-12-31

Net margin-3.0%

2017-12-31 → 2025-12-31

Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric	HTLD	5Y avg	Peer Median	Verdict
P/E (TTM)	-44.15Y avg ≈11.6	≈11.6	·	·
P/S (TTM)	1.25Y avg ≈1.2	≈1.2	0.8	Overvalued
P/B (MRQ)	1.25Y avg ≈1.3	≈1.3	1.8	Undervalued
EV / EBITDA	10.45Y avg ≈6.4	≈6.4	·	·
Price / FCF (TTM)	-10.75Y avg ≈-23.9	≈-23.9	·	·
Price / Cash Flow (TTM)	11.75Y avg ≈7.5	≈7.5	9.9	Undervalued
EV / Revenue	1.35Y avg ≈1.2	≈1.2	·	·
EV / FCF	-15.85Y avg ≈7.9	≈7.9	·	·
Price / Tangible Book (MRQ)	1.35Y avg ≈2.4	≈2.4	·	·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric	HTLD	5Y avg	Peer Median	Verdict
Operating Margin (TTM)	-2.3%5Y avg ≈6.3%	≈6.3%	2.9%	Top tier
EBITDA Margin (TTM)	17.2%5Y avg ≈23.1%	≈23.1%	2.9%	Top tier
Pretax Margin (TTM)	-3.4%5Y avg ≈5.2%	≈5.2%	3.4%	Top tier
Net Profit Margin (TTM)	-3.0%5Y avg ≈3.7%	≈3.7%	2.5%	Top tier
ROA (TTM)	-1.8%5Y avg ≈2.7%	≈2.7%	0.12%	Weak
ROE (TTM)	-2.8%5Y avg ≈3.6%	≈3.6%	0.37%	Weak
ROIC	-4.9%5Y avg ≈3.6%	≈3.6%	0.47%	Weak

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric	HTLD	5Y avg	Peer Median	Verdict
Debt / Equity (MRQ)	0.25Y avg ≈0.3	≈0.3	0.6	Low debt
Current Ratio (MRQ)	1.65Y avg ≈1.6	≈1.6	1.4	In line
Quick Ratio	0.85Y avg ≈1.4	≈1.4	1.2	In line
Long-Term Debt / Equity (MRQ)	0.25Y avg ≈0.3	≈0.3	0.5	Low debt

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric	HTLD	5Y avg	Peer Median	Verdict
Revenue YoY	-23.1%5Y avg ≈8.4%	≈8.4%	·	·
Revenue CAGR 3Y	-5.9%5Y avg ≈12.4%	≈12.4%	·	·
Revenue CAGR 5Y	4.5%	·	·	·
EPS YoY	-88.8%5Y avg ≈-1.6%	≈-1.6%	·	·
Net Income YoY	-88.9%5Y avg ≈-2.8%	≈-2.8%	·	·
EPS CAGR 3Y	-39.8%	·	·	·
Net Income CAGR 3Y	-40.7%	·	·	·

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric	HTLD	5Y avg	Peer Median	Verdict
EPS (Diluted)	$-0.675Y avg ≈$0.37	≈$0.37	·	·
Revenue / Share	$10.345Y avg ≈$11.76	≈$11.76	·	·
Cash Flow / Share	$1.155Y avg ≈$1.82	≈$1.82	·	·
Cash / Share	$0.245Y avg ≈$0.68	≈$0.68	·	·

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric	HTLD	5Y avg	Peer Median	Verdict
Asset Turnover	0.65Y avg ≈0.7	≈0.7	1.0	Weak
Receivables Turnover	9.75Y avg ≈10.3	≈10.3	8.0	Top tier
Revenue / Employee	≈$222.0K	·	·	·

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13

Dividend Yield0.68%

Payout Ratio-11.8%

Annualized Payout≈$0.08Paid quarterly

5Y Div CAGR≈0.00%Per share, split-adjusted

Ex-date	Amount	Currency	Yield
Sep 25, 2026	$0.02	USD	≈0.71%
Jun 23, 2026	$0.02	USD	≈0.55%
Mar 24, 2026	$0.02	USD	≈0.79%
Dec 26, 2025	$0.02	USD	≈0.87%
Sep 23, 2025	$0.02	USD	≈0.94%
Jun 23, 2025	$0.02	USD	≈0.91%
Mar 25, 2025	$0.02	USD	≈0.85%
Dec 27, 2024	$0.02	USD	≈0.72%
Sep 27, 2024	$0.02	USD	≈0.66%
Jun 25, 2024	$0.02	USD	≈0.67%
Mar 25, 2024	$0.02	USD	≈0.70%
Dec 4, 2023	$0.02	USD	≈0.58%
Sep 22, 2023	$0.02	USD	≈0.53%
Jun 23, 2023	$0.02	USD	≈0.51%
Mar 27, 2023	$0.02	USD	≈0.52%
Dec 8, 2022	$0.02	USD	≈0.50%
Sep 26, 2022	$0.02	USD	≈0.57%
Jun 24, 2022	$0.02	USD	≈4.1%
Mar 24, 2022	$0.02	USD	≈4.0%
Dec 6, 2021	$0.02	USD	≈3.4%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14

Avg Surprise 166.2%

Next Report Oct 29, 2026

Period	Report	EPS Actual	EPS Est	Surprise
June 30, 2026	Jul 22, 2026	$0.14	$-0.02	1003.2%
March 31, 2026		$-0.06	$-0.12	50.0%
Dec. 31, 2025		$-0.01	$-0.08	87.2%
Sept. 30, 2025		$-0.11	$-0.13	14.7%
June 30, 2025		$-0.14	$-0.08	-71.6%
March 31, 2025		$-0.18	$-0.10	-86.1%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15

Income Statement 12

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$806M	$1.05B	$1.21B	$968M	$607M	$645M	$597M	$611M	$607M	$613M	$736M	$871M
Operating Expenses	$863M	$1.07B	$1.17B	$780M	$502M	$552M	$503M	$521M	$544M	$527M	$620M	$739M
Operating Income	$-57M	$-20M	$42M	$188M	$105M	$93M	$94M	$90M	$64M	$86M	$117M	$132M
Interest Income	$774.0K	$1M	$2M	$1M	$640.0K	$842.0K	$4M	$2M	$1M	$481.0K	$210.0K	$195.0K
Pretax Income	$-68M	$-37M	$20M	$181M	$106M	$94M	$97M	$92M	$64M	$86M	$117M	$132M
Income Tax	$-16M	$-7M	$5M	$48M	$27M	$23M	$24M	$19M	$-11M	$30M	$44M	$47M
Net Income	$-52M	$-30M	$15M	$134M	$79M	$71M	$73M	$73M	$75M	$56M	$73M	$85M
EPS (Basic)	$-0.67	$-0.38	$0.19	$1.69	$1.00	$0.87	$0.89	$0.88	$0.90	$0.68	$0.84	$0.97
EPS (Diluted)	$-0.67	$-0.38	$0.19	$1.69	$1.00	$0.87	$0.89	$0.88	$0.90	$0.68	$0.84	$0.96
Shares (Basic)	77,877,000	78,733,000	79,010,000	78,941,000	79,573,000	81,388,000	81,980,000	82,378,000	83,298,000	83,297,000	86,974,000	87,748,000
Shares (Diluted)	77,935,000	78,775,000	79,079,000	78,974,000	79,612,000	81,444,000	82,024,000	82,410,000	83,336,000	83,365,000	87,109,000	87,923,000
EBITDA	$102M	$161M	$241M	$321M	$210M	·	$195M	$191M	$167M	$191M	$228M	$241M

Balance Sheet 24

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$18M	$13M	$28M	$49M	$158M	$114M	$77M	$161M	$75M	$129M	$33M	$17M
Receivables	$74M	$92M	$103M	$140M	$53M	$56M	$57M	$49M	$64M	$47M	$61M	$77M
Other Current Assets	$9M	$13M	$18M	$26M	$9M	$15M	$9M	$13M	$14M	$14M	$8M	$9M
Current Assets	$115M	$129M	$169M	$230M	$233M	$193M	$152M	$233M	$171M	$202M	$136M	$150M
PP&E (Net)	$667M	$764M	$885M	$973M	$488M	$539M	$526M	$403M	$443M	$408M	$474M	$481M
PP&E (Gross)	$1.15B	$1.28B	$1.32B	$1.28B	$711M	$779M	$739M	$604M	$667M	$659M	$672M	$679M
Accum. Depreciation	$481M	$520M	$435M	$309M	$223M	$240M	$213M	$201M	$224M	$251M	$198M	$198M
Goodwill	$323M	$323M	$323M	$321M	$168M	$168M	$168M	$132M	$132M	$100M	$100M	$100M
Intangibles	$70M	$94M	$99M	$104M	$22M	$25M	$27M	$14M	$17M	$12M	$14M	$16M
Other Non-current Assets	$15M	$15M	$15M	$20M	$17M	$18M	$19M	$19M	$24M	$12M	$11M	$13M
Total Assets	$1.19B	$1.33B	$1.51B	$1.67B	$929M	$951M	$899M	$806M	$789M	$738M	$736M	$760M
Accounts Payable	$33M	$35M	$38M	$63M	$21M	$13M	$11M	$11M	$14M	$12M	$8M	$8M
Current Liabilities	$110M	$120M	$123M	$157M	$72M	$71M	$63M	$65M	$75M	$66M	$66M	$68M
Capital Leases	$317.0K	$2M	$8M	$9M	$0	·	·	·	·	·	·	·
Deferred Tax	·	·	·	·	·	·	$94M	$71M	$65M	$95M	$112M	$102M
Other Non-current Liabilities	·	·	·	·	·	·	·	·	·	$0	$12M	$11M
Long-term Debt	$154M	$188M	$280M	$380M	$0	·	·	$0	·	·	·	·
Total Debt	$156M	$194M	$292M	$401M	·	·	·	·	·	·	$0	$25M
Common Stock	$907.0K	$907.0K	$907.0K	$907.0K	$907.0K	$907.0K	$907.0K	$907.0K	$907.0K	$907.0K	$907.0K	$907.0K
Retained Earnings	$965M	$1.02B	$1.06B	$1.05B	$924M	$891M	$827M	$760M	$694M	$626M	$576M	$510M
Treasury Stock	$214M	$206M	$200M	$201M	$202M	$172M	$147M	$149M	$124M	$124M	$111M	$38M
Stockholders' Equity	$755M	$823M	$865M	$855M	$727M	$724M	$685M	$616M	$575M	$506M	$470M	$477M
Liabilities + Equity	$1.19B	$1.33B	$1.51B	$1.67B	$929M	$951M	$899M	$806M	$789M	$738M	$736M	$760M
Shares Outstanding	77,445,000	78,519,000	79,039,000	78,984,000	78,923,000	80,653,000	82,028,000	81,930,000	83,303,000	83,287,000	84,115,000	87,781,000

Cash Flow 17

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$159M	$182M	$199M	$133M	$104M	$110M	$101M	$101M	$104M	$106M	$112M	$110M
Stock-based Comp	$2M	$1M	$2M	$1M	$1M	$2M	$2M	$500.0K	$500.0K	$1M	$1M	$1M
Deferred Tax	$-25M	$-30M	$-18M	$6M	$-6M	$8M	$4M	$3M	$-27M	$-5M	$8M	$39M
Amort. of Intangibles	$5M	$5M	$5M	$4M	$2M	$2M	$3M	$2M	$3M	$2M	$2M	$2M
Other Non-cash	$6M	$22M	$-32M	$-79M	$-55M	·	$-34M	$-31M	$-43M	$-2M	$-3M	$-62M
Operating Cash Flow	$89M	$144M	$165M	$195M	$123M	$179M	$146M	$147M	$110M	$156M	$190M	$172M
CapEx	$156M	$110M	$209M	$161M	$133M	$204M	$164M	$169M	$184M	$86M	$217M	$205M
Investing Cash Flow	$-26M	$-47M	$-68M	$-663M	$-3M	$-111M	$-133M	$-38M	$-123M	$-29M	$-67M	$-115M
Debt Issued	·	$0	$0	$447M	$0	$0	·	·	·	·	·	·
Net Debt Issued	·	$0	$0	$447M	·	·	·	·	·	·	$0	$0
Stock Repurchased	$10M	$7M	$0	$0	$32M	$26M	$0	$25M	$0	$15M	$74M	$0
Net Stock Activity	$-10M	$-7M	$0	$0	$-32M	·	$0	$-25M	$0	$-15M	$-74M	$0
Dividends Paid	$6M	$6M	$6M	$6M	$46M	$6M	$7M	$7M	$7M	$7M	$7M	$7M
Financing Cash Flow	$-58M	$-113M	$-121M	$359M	$-78M	$-33M	$-100M	$-32M	$-30M	$-21M	$-107M	$-57M
Net Change in Cash	$5M	$-15M	$-23M	$-109M	$43M	$35M	$-87M	$77M	$-44M	$106M	$16M	$-460.0K
Taxes Paid	$9M	$16M	$30M	$44M	$39M	$14M	$19M	$13M	$22M	$36M	$25M	$24M
Free Cash Flow	$-67M	$35M	$-43M	$34M	$-9M	·	$-17M	$-23M	$-75M	$70M	$-27M	$-33M

Profitability 7

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Operating Margin	-7.1%	-1.9%	3.5%	19.5%	17.4%	·	15.8%	14.7%	10.5%	14.0%	15.8%	15.1%
Net Margin	-6.5%	-2.8%	1.2%	13.8%	13.1%	·	12.2%	11.9%	12.4%	9.2%	9.9%	9.7%
Pretax Margin	-8.5%	-3.5%	1.6%	18.7%	17.5%	·	16.3%	15.0%	10.6%	14.0%	15.9%	15.1%
EBITDA Margin	12.6%	15.4%	20.0%	33.2%	34.5%	·	32.7%	31.3%	27.6%	31.2%	31.0%	27.7%
ROA	-4.2%	-2.1%	0.93%	10.3%	8.4%	·	8.6%	9.1%	15.9%	7.6%	9.8%	11.4%
ROE	-6.8%	-3.6%	1.7%	15.8%	11.0%	·	10.8%	12.0%	13.9%	11.6%	15.4%	19.4%
ROIC	-4.9%	-1.6%	2.7%	11.1%	10.8%	·	10.3%	11.5%	12.9%	11.1%	15.5%	17.0%

Liquidity & Solvency 4

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	1.0	1.1	1.4	1.5	3.3	·	2.4	3.6	2.3	3.1	2.1	2.2
Quick Ratio	0.8	0.9	1.1	1.2	2.9	·	2.1	3.3	1.9	2.7	1.4	1.4
Debt / Equity	0.2	0.2	0.3	0.5	·	·	·	·	·	·	0.0	0.1
LT Debt / Equity	0.2	0.2	0.3	0.5	·	·	·	·	·	·	0.0	0.1

Efficiency 2

Metric	Trend	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover		0.6	0.7	0.8	0.7	0.6	·	0.7	0.8	1.3	0.8	1.0	1.2
Receivables Turnover		9.7	10.8	10.0	10.1	11.2	·	11.3	10.8	10.9	11.4	10.7	10.8

Per Share 6

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$9.75	$10.48	$10.95	$10.83	$9.21	·	$8.35	$7.52	$6.90	$6.07	$5.59	$5.43
Revenue / Share	$10.34	$13.30	$15.27	$12.26	$7.63	·	$7.28	$7.41	$7.29	$7.35	$8.45	$9.91
Cash Flow / Share	$1.15	$1.83	$2.09	$2.47	$1.55	·	$1.78	$1.78	$1.31	$1.87	$2.19	$1.96
Cash / Share	$0.24	$0.16	$0.36	$0.63	$2.00	·	$0.93	$1.97	$0.90	$1.54	$0.40	$0.20
Dividend / Share	$0.08	$0.08	$0.08	$0.08	$0.58	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08
EPS (TTM)	$-0.67	$-0.38	$0.19	$1.69	$1.00	$0.87	$0.89	$0.88	$0.90	$0.68	$0.84	$0.96

Growth Rates 8

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	-23.1%	-13.2%	24.7%	59.4%	-5.9%	·	·	·	·	·	·	·
Revenue CAGR 3Y	-5.9%	19.9%	23.2%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	4.5%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	·	·	-88.8%	69.0%	14.9%	·	·	·	·	·	·	·
EPS CAGR 3Y	·	·	-39.8%	·	·	·	·	·	·	·	·	·
Net Income YoY	·	·	-88.9%	68.5%	12.0%	·	·	·	·	·	·	·
Net Income CAGR 3Y	·	·	-40.7%	·	·	·	·	·	·	·	·	·
Dividends Paid CAGR 5Y	-0.94%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 17

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$806M	$1.05B	$1.21B	$968M	$607M	$645M	$597M	$611M	$607M	$613M	$736M	$871M
Net Income TTM	$-52M	$-30M	$15M	$134M	$79M	$71M	$73M	$73M	$75M	$56M	$73M	$85M
Market Cap	$699M	$881M	$1.13B	$1.21B	$1.33B	·	$1.73B	$1.50B	$1.94B	$1.70B	$1.43B	$2.37B
Enterprise Value	$837M	$1.06B	$1.39B	$1.56B	·	·	·	·	·	·	$1.40B	$2.38B
P/E	-13.5	-29.5	75.1	9.1	16.8	20.8	23.7	20.8	25.9	29.9	20.3	28.1
P/S	0.9	0.8	0.9	1.3	2.2	·	2.9	2.5	3.2	2.8	1.9	2.7
P/B	0.9	1.1	1.3	1.4	1.8	·	2.5	2.4	3.4	3.4	3.0	5.0
P / Tangible Book	1.9	2.2	2.5	2.8	2.5	2.7	·	·	·	·	·	·
P / Cash Flow	7.8	6.1	6.8	6.2	10.8	·	11.8	10.2	17.7	10.9	7.5	13.7
P / FCF	-10.5	25.3	-26.0	35.5	-143.9	·	-99.2	-66.0	-26.1	24.3	-53.5	-72.9
EV / EBITDA	8.2	6.6	5.8	4.9	·	·	·	·	·	·	6.1	9.8
EV / FCF	-12.5	30.5	-32.1	45.8	·	·	·	·	·	·	-52.2	-73.1
EV / Revenue	1.0	1.0	1.2	1.6	·	·	·	·	·	·	1.9	2.7
Dividend Yield	0.89%	0.72%	0.56%	0.52%	3.5%	·	0.38%	0.44%	0.34%	0.40%	0.48%	0.30%
Earnings Yield	-7.4%	-3.4%	1.3%	11.0%	5.9%	4.8%	4.2%	4.8%	3.9%	3.3%	4.9%	3.5%
Payout Ratio	-11.8%	-21.2%	42.6%	4.7%	57.9%	·	9.0%	9.1%	8.9%	11.9%	9.4%	8.2%
Annual Payout	$6M	$6M	$6M	$6M	$46M	$6M	$7M	$7M	$7M	$7M	$7M	$7M

Income Statement 13

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue	$184M	$176M	$179M	$197M	$210M	$219M	$243M	$260M	$275M	$270M	$275M	$295M	$306M	$331M	$355M	$274M
Operating Expenses	$168M	$180M	$202M	$204M	$223M	$234M	$242M	$267M	$274M	$285M	$265M	$302M	$290M	$308M	$329M	$239M
Operating Income	$17M	$-3M	$-23M	$-7M	$-12M	$-15M	$1M	$-7M	$264.0K	$-14M	$11M	$-7M	$16M	$23M	$26M	$35M
Interest Expense	$2M	$2M	·	$3M	$3M	$3M	·	$4M	$5M	$5M	·	$6M	$6M	$6M	·	$2M
Interest Income	$370.0K	$207.0K	$212.0K	$235.0K	$198.0K	$129.0K	$231.0K	$258.0K	$288.0K	$366.0K	$303.0K	$276.0K	$592.0K	$484.0K	$345.0K	$537.0K
Pretax Income	$15M	$-5M	$-25M	$-10M	$-15M	$-18M	$-2M	$-11M	$-4M	$-19M	$5M	$-13M	$11M	$17M	$20M	$33M
Income Tax	$4M	$-477.0K	$-6M	$-2M	$-4M	$-4M	$-357.0K	$-2M	$-544.0K	$-4M	$-21.0K	$-3M	$3M	$5M	$5M	$9M
Net Income	$11M	$-5M	$-19M	$-8M	$-11M	$-14M	$-2M	$-9M	$-3M	$-15M	$5M	$-11M	$8M	$13M	$15M	$24M
EPS (Basic)	$0.14	$-0.06	$-0.24	$-0.11	$-0.14	$-0.18	$-0.03	$-0.12	$-0.04	$-0.19	$0.07	$-0.14	$0.10	$0.16	$0.20	$0.31
EPS (Diluted)	$0.14	$-0.06	$-0.24	$-0.11	$-0.14	$-0.18	$-0.03	$-0.12	$-0.04	$-0.19	$0.07	$-0.14	$0.10	$0.16	$0.20	$0.31
Shares (Basic)	77,404,000	77,457,000	·	77,465,000	78,079,000	78,540,000	·	78,489,000	78,913,000	79,044,000	·	79,021,000	78,999,000	78,987,000	·	78,937,000
Shares (Diluted)	77,437,000	77,489,000	·	77,518,000	78,142,000	78,610,000	·	78,500,000	78,981,000	79,122,000	·	79,103,000	79,081,000	79,022,000	·	78,974,000
EBITDA	$17M	$32M	·	$-7M	$-12M	$27M	·	$-7M	$264.0K	$32M	·	$-7M	$16M	$71M	·	$35M

Balance Sheet 22

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Cash & Equivalents	$62M	$44M	$18M	$33M	$23M	$24M	$13M	$31M	$24M	$24M	$28M	$20M	$46M	$56M	$49M	$65M
Receivables	$77M	$78M	$74M	$80M	$86M	$95M	$92M	$100M	$109M	$108M	·	$114M	$114M	$126M	·	$163M
Other Current Assets	$36M	$10M	$9M	$14M	$15M	$11M	$13M	$16M	$17M	$14M	·	$21M	$19M	$20M	·	$28M
Current Assets	$186M	$143M	$115M	$138M	$136M	$140M	$129M	$157M	$164M	$160M	·	$182M	$199M	$212M	·	$266M
PP&E (Net)	$571M	$627M	$667M	$689M	$729M	$767M	$764M	$761M	$803M	$841M	·	$926M	$927M	$938M	·	$968M
PP&E (Gross)	$1.00B	$1.11B	$1.15B	$1.20B	$1.26B	$1.30B	$1.28B	$1.30B	$1.32B	$1.32B	·	$1.33B	$1.29B	$1.28B	·	$1.23B
Accum. Depreciation	$432M	$479M	$481M	$507M	$534M	$532M	$520M	$537M	$515M	$475M	·	$404M	$365M	$342M	·	$266M
Goodwill	$323M	$323M	$323M	$323M	$323M	$323M	$323M	$323M	$323M	$323M	·	$323M	$321M	$321M	$321M	$317M
Intangibles	$67M	$68M	$70M	$90M	$91M	$92M	$94M	$95M	$96M	$97M	·	$100M	$101M	$102M	·	$103M
Other Non-current Assets	$15M	$15M	$15M	$15M	$15M	$16M	$15M	$16M	$15M	$15M	·	$32M	$33M	$20M	·	$21M
Total Assets	$1.17B	$1.18B	$1.19B	$1.26B	$1.30B	$1.34B	$1.33B	$1.36B	$1.41B	$1.45B	·	$1.58B	$1.60B	$1.61B	·	$1.70B
Accounts Payable	$34M	$41M	$33M	$41M	$54M	$62M	$35M	$42M	$40M	$36M	·	$60M	$61M	$47M	·	$59M
Current Liabilities	$117M	$113M	$110M	$121M	$144M	$156M	$120M	$135M	$134M	$127M	·	$142M	$148M	$147M	·	$160M
Capital Leases	$8M	$1M	$317.0K	$617.0K	$964.0K	$1M	$2M	$3M	$4M	$6M	·	$4M	$5M	$7M	·	$12M
Long-term Debt	$135M	$150M	$154M	$185M	$194M	$200M	·	$207M	$237M	$264M	·	$344M	$349M	$366M	·	$465M
Total Debt	$135M	$150M	·	$185M	$194M	$200M	·	$207M	$237M	$264M	·	$344M	$349M	$366M	·	$465M
Common Stock	$907.0K	$907.0K	$907.0K	$907.0K	$907.0K	$907.0K	$907.0K	$907.0K	$907.0K	$907.0K	·	$907.0K	$907.0K	$907.0K	·	$907.0K
Retained Earnings	$968M	$959M	$965M	$986M	$996M	$1.01B	$1.02B	$1.03B	$1.04B	$1.04B	·	$1.06B	$1.07B	$1.06B	·	$1.04B
Treasury Stock	$215M	$214M	$214M	$215M	$213M	$205M	$206M	$206M	$207M	$200M	·	$201M	$201M	$201M	·	$202M
Stockholders' Equity	$756M	$749M	$755M	$776M	$787M	$808M	$823M	$826M	$837M	$849M	$865M	$861M	$873M	$867M	$855M	$841M
Liabilities + Equity	$1.17B	$1.18B	$1.19B	$1.26B	$1.30B	$1.34B	$1.33B	$1.36B	$1.41B	$1.45B	·	$1.58B	$1.60B	$1.61B	·	$1.70B
Shares Outstanding	77,328,000	77,467,000	77,445,000	77,413,000	77,571,000	78,542,000	78,519,000	78,495,000	78,452,000	79,051,000	·	79,022,000	79,013,000	78,989,000	·	78,938,000

Cash Flow 14

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
D&A	$32M	$35M	$37M	$39M	$41M	$42M	$44M	$45M	$46M	$47M	$51M	$51M	$48M	$48M	$51M	$35M
Stock-based Comp	$700.0K	$200.0K	$800.0K	$200.0K	$500.0K	$700.0K	$200.0K	$100.0K	$400.0K	$300.0K	$700.0K	$500.0K	$200.0K	$200.0K	$800.0K	$200.0K
Amort. of Intangibles	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$2M	$1M
Other Non-cash	·	$-7M	·	·	·	$-3M	·	·	·	$-720.0K	·	·	·	$5M	·	·
Operating Cash Flow	$13M	$23M	$15M	$28M	$21M	$26M	$38M	$36M	$40M	$31M	$41M	$27M	$31M	$66M	$82M	$54M
CapEx	$47M	$18M	$59M	$40M	$34M	$24M	$83M	$11M	$11M	$5M	$32M	$69M	$66M	$42M	$69M	$41M
Investing Cash Flow	$24M	$15M	$-2M	$-7M	$-6M	$-11M	$-48M	$4M	$-5M	$2M	$14M	$-48M	$-21M	$-13M	$-42M	$-579M
Debt Issued	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$0	·
Stock Repurchased	·	·	$35.0K	$1M	·	·	$0	$0	·	·	$0	$0	·	·	$0	$0
Dividends Paid	$2M	$2M	$2M	$2M	$2M	$2M	$3M	$2M	$2M	$0	$3M	$2M	·	·	$3M	$2M
Financing Cash Flow	$-19M	$-12M	$-27M	$-12M	$-16M	$-3M	$-8M	$-32M	$-36M	$-37M	$-47M	$-7M	$-19M	$-47M	$-56M	$418M
Taxes Paid	$2M	$168.0K	$2M	$130.0K	$7M	$-328.0K	$6M	$4M	$6M	$-77.0K	$997.0K	$3M	$26M	$232.0K	$11M	$4M
Free Cash Flow	·	$5M	·	·	·	$2M	·	·	·	$26M	·	·	·	$24M	·	·
Levered FCF	·	$3M	·	·	·	$-125.0K	·	·	·	$22M	·	·	·	$20M	·	·

Profitability 7

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Operating Margin	9.0%	-1.9%	·	-3.7%	-5.9%	-6.8%	·	-2.8%	0.10%	-5.3%	·	-2.5%	5.3%	6.9%	·	12.7%
Net Margin	5.8%	-2.7%	·	-4.2%	-5.2%	-6.3%	·	-3.6%	-1.3%	-5.6%	·	-3.6%	2.5%	3.8%	·	8.9%
Pretax Margin	8.2%	-3.0%	·	-5.1%	-7.2%	-8.2%	·	-4.3%	-1.5%	-7.1%	·	-4.5%	3.5%	5.2%	·	12.0%
EBITDA Margin	9.0%	18.1%	·	-3.7%	-5.9%	12.2%	·	-2.8%	0.10%	11.9%	·	-2.5%	5.3%	21.6%	·	12.7%
ROA	0.86%	-0.38%	·	-0.63%	-0.80%	-0.99%	·	-0.63%	-0.23%	-0.99%	·	-0.65%	0.57%	0.99%	·	1.8%
ROE	1.4%	-0.62%	·	-1.0%	-1.3%	-1.7%	·	-1.1%	-0.41%	-1.8%	·	-1.3%	0.92%	1.6%	·	3.1%
ROIC	1.3%	-0.33%	·	-0.63%	-0.91%	-1.1%	·	-0.58%	0.02%	-1.0%	·	-0.50%	0.96%	1.4%	·	2.0%

Liquidity & Solvency 5

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Current Ratio	1.6	1.3	·	1.1	0.9	0.9	·	1.2	1.2	1.3	·	1.3	1.3	1.4	·	1.7
Quick Ratio	1.2	1.1	·	0.9	0.8	0.8	·	1.0	1.0	1.0	·	0.9	1.1	1.2	·	1.4
Debt / Equity	0.2	0.2	·	0.2	0.2	0.2	·	0.3	0.3	0.3	·	0.4	0.4	0.4	·	0.6
LT Debt / Equity	0.2	0.2	·	0.2	0.2	0.2	·	0.2	0.3	0.3	·	0.4	0.4	0.4	·	0.5
Interest Coverage	8.8	-1.5	·	-2.5	-4.2	-4.8	·	-1.7	0.1	-2.7	·	-1.2	2.7	3.8	·	14.8

Efficiency 2

Metric	Trend	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Asset Turnover		0.1	0.1	·	0.2	0.2	0.2	·	0.2	0.2	0.2	·	0.2	0.2	0.3	·	0.2
Receivables Turnover		2.3	2.0	·	2.2	2.2	2.2	·	2.4	2.5	2.3	·	2.1	2.9	3.5	·	2.5

Per Share 6

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Book Value / Share	$9.78	$9.67	·	$10.02	$10.14	$10.28	·	$10.52	$10.67	$10.74	·	$10.90	$11.05	$10.97	·	$10.65
Revenue / Share	$2.38	$2.27	·	$2.54	$2.69	$2.79	·	$3.31	$3.48	$3.42	·	$3.73	$3.87	$4.19	·	$3.47
Cash Flow / Share	·	$0.30	·	·	·	$0.33	·	·	·	$0.39	·	·	·	$0.84	·	·
Cash / Share	$0.81	$0.57	·	$0.42	$0.29	$0.30	·	$0.39	$0.30	$0.30	·	$0.25	$0.59	$0.70	·	$0.82
Dividend / Share	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02
EPS (TTM)	$-0.27	$-0.55	·	$-0.46	$-0.47	$-0.37	·	$-0.28	$-0.30	$-0.16	·	$0.32	$0.77	$1.64	·	$1.75

Valuation (TTM) 14

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue TTM	$736M	$763M	·	$869M	$932M	$997M	·	$1.08B	$1.12B	$1.15B	·	$1.29B	$1.27B	$1.15B	·	$761M
Net Income TTM	$-22M	$-43M	·	$-35M	$-36M	$-28M	·	$-23M	$-24M	$-13M	·	$25M	$60M	$129M	·	$138M
Market Cap	$1.18B	$806M	·	$649M	$670M	$724M	·	$964M	$967M	$944M	·	$1.16B	$1.30B	$1.26B	·	$1.13B
Enterprise Value	$1.25B	$911M	·	$801M	$841M	$900M	·	$1.14B	$1.18B	$1.18B	·	$1.48B	$1.60B	$1.57B	·	$1.53B
P/E	-56.4	-18.9	·	-18.2	-18.4	-24.9	·	-43.9	-41.1	-74.6	·	45.9	21.3	9.7	·	8.2
P/S	1.6	1.1	·	0.7	0.7	0.7	·	0.9	0.9	0.8	·	0.9	1.0	1.1	·	1.5
P/B	1.6	1.1	·	0.8	0.9	0.9	·	1.2	1.2	1.1	·	1.3	1.5	1.5	·	1.3
P / Tangible Book	3.2	2.2	·	1.8	1.8	1.8	·	2.4	2.3	2.2	·	2.6	2.9	2.8	·	2.7
P / Cash Flow	·	34.8	·	·	·	28.0	·	·	·	30.5	·	·	·	18.9	·	·
EV / Revenue	1.7	1.2	·	0.9	0.9	0.9	·	1.1	1.1	1.0	·	1.2	1.3	1.4	·	2.0
Dividend Yield	0.52%	0.77%	·	1.2%	1.2%	1.1%	·	0.65%	0.65%	·	·	·	0.49%	0.50%	·	4.1%
Earnings Yield	-1.8%	-5.3%	·	-5.5%	-5.4%	-4.0%	·	-2.3%	-2.4%	-1.3%	·	2.2%	4.7%	10.3%	·	12.2%
Payout Ratio	·	-32.1%	·	·	·	-11.3%	·	·	·	·	·	·	·	·	·	·
Annual Payout	$6M	$6M	·	$8M	$8M	$8M	·	$6M	$6M	·	·	·	$6M	$6M	·	$46M

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$806M	$1.05B	$1.21B	$968M	$607M
Operating Margin %	-7.1%	-1.9%	3.5%	19.5%	17.4%
Net Income	$-52M	$-30M	$15M	$134M	$79M
Diluted EPS	$-0.67	$-0.38	$0.19	$1.69	$1.00

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Debt / Equity	0.2	0.2	0.3	0.5	·
Current Ratio	1.0	1.1	1.4	1.5	3.3
Quick Ratio	0.8	0.9	1.1	1.2	2.9

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$-67M	$35M	$-43M	$34M	$-9M

Institutional owners (13F) 210 filers · $600.7M total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 210

Value held $600.7M

New positions 44

Exited positions 18

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
44 (+12 vs prior Q)	18 (0 vs prior Q)	52 (-13 vs prior Q)	57 (+10 vs prior Q)	+2.6M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
BlackRock, Inc.	$104,522,815	6,867,465	17.40%	Shares
DIMENSIONAL FUND ADVISORS LP	$60,936,141	4,003,566	10.14%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$31,465,463	2,067,376	5.24%	Shares
STATE STREET CORP	$30,173,033	1,979,911	5.02%	Shares
VANGUARD GROUP INC	$27,348,673	3,028,646	4.55%	Shares
AMERICAN CENTURY COMPANIES INC	$26,409,272	1,735,169	4.40%	Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$20,920,407	1,374,534	3.48%	Shares
TWO SIGMA INVESTMENTS, LP	$20,877,304	1,371,702	3.48%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$17,881,336	1,174,602	2.98%	Shares
AMERIPRISE FINANCIAL INC	$16,682,333	1,096,054	2.78%	Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$14,816,670	973,500	2.47%	Shares
Wallace Capital Management Inc.	$14,687,406	965,007	2.44%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$12,471,999	819,448	2.08%	Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC	$8,120,387	533,534	1.35%	Shares
MORGAN STANLEY	$7,514,836	493,746	1.25%	Shares
GOLDMAN SACHS GROUP INC	$7,475,855	491,186	1.24%	Shares
CITADEL ADVISORS LLC	$7,389,401	485,506	1.23%	Shares
EVR Research LP	$7,305,600	480,000	1.22%	Shares
FRONTIER CAPITAL MANAGEMENT CO LLC	$7,131,752	468,578	1.19%	Shares
DEAN INVESTMENT ASSOCIATES, LLC	$6,980,242	458,623	1.16%	Shares
NORTHERN TRUST CORP	$6,770,130	444,818	1.13%	Shares
TWO SIGMA ADVISERS, LP	$6,714,708	743,600	1.12%	Shares
Nuveen, LLC	$6,575,556	432,034	1.09%	Shares
AQR CAPITAL MANAGEMENT LLC	$5,789,696	380,401	0.96%	Shares
Russell Investments Group, Ltd.	$5,448,836	358,005	0.91%	Shares
Empowered Funds, LLC	$5,424,682	356,418	0.90%	Shares
Invesco Ltd.	$5,331,413	350,290	0.89%	Shares
Dean Capital Management	$5,063,527	332,689	0.84%	Shares
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.	$5,049,463	331,765	0.84%	Shares
GATE CITY CAPITAL MANAGEMENT, LLC	$4,874,951	320,299	0.81%	Shares
VANGUARD FIDUCIARY TRUST CO	$4,561,541	299,707	0.76%	Shares
BANK OF AMERICA CORP /DE/	$4,522,744	297,158	0.75%	Shares
UBS Group AG	$4,487,023	294,811	0.75%	Shares
Bank of New York Mellon Corp	$3,765,794	247,424	0.63%	Shares
Keeley-Teton Advisors, LLC	$3,369,182	365,421	0.56%	Shares
PRINCIPAL FINANCIAL GROUP INC	$3,360,895	220,821	0.56%	Shares
FRANKLIN RESOURCES INC	$3,109,567	204,308	0.52%	Shares
Legato Capital Management LLC	$2,640,426	173,484	0.44%	Shares
Boston Partners	$2,474,220	162,564	0.41%	Shares
Public Sector Pension Investment Board	$2,386,481	156,799	0.40%	Shares
EXCHANGE TRADED CONCEPTS, LLC	$2,102,171	138,119	0.35%	Shares
Tweedy, Browne Co LLC	$2,102,171	138,119	0.35%	Shares
CITIGROUP INC	$1,913,914	125,750	0.32%	Shares
Quantinno Capital Management LP	$1,816,872	119,374	0.30%	Shares
Campbell & CO Investment Adviser LLC	$1,752,005	115,112	0.29%	Shares
JPMORGAN CHASE & CO	$1,657,561	107,216	0.28%	Shares
Lighthouse Investment Partners, LLC	$1,648,493	108,311	0.27%	Shares
RHUMBLINE ADVISERS	$1,635,815	107,479	0.27%	Shares
Legal & General Group Plc	$1,559,761	102,481	0.26%	Shares
LOS ANGELES CAPITAL MANAGEMENT LLC	$1,557,082	102,305	0.26%	Shares

Show all 210 institutional owners →

Activists & 5%+ owners 19 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer	Filed	Stake	Status	Purpose	Filing
GERDIN MICHAEL J	May 7, 2025	40.70%	Amendment	Passive investment	SEC
Michael J. Gerdin ×23 filings	Nov. 24, 2023	·	Initial filing	·	SEC
Lawrence D. Crouse	Feb. 5, 2016	·	Initial filing	·	SEC
Lawrence D. Crouse, individually and as trustee of the 2005 Gerdin Children's Trust, 2007 Gerdin Heartland Trust, and 2009 Gerdin Heartland Trust ×2 filings	Dec. 21, 2015	·	Initial filing	Passive investment	SEC
Lawrence D. Crouse, individually and as trustee of the 2005 Gerdin Children's Trust, 2007 Gerdin Heartland Trust, and 2009 Gerdin Heartland Trust (as defined below) ×2 filings	Sept. 5, 2014	·	Initial filing	Passive investment	SEC
Russell A. Gerdin, individually, Ann S. Gerdin, individually and as trustee of the Ann S. Gerdin Revocable Trust and Russell A. Gerdin Revocable Trust.	Dec. 5, 2011	·	Initial filing	Passive investment	SEC
Russell A. Gerdin, individually and as trustee of the Russell A. Gerdin Revocable Trust and Mrs. Gerdin's GRATS (as defined below), Ann S. Gerdin, individually and as trustee of the Ann S. Gerdin Revocable Trust. ×11 filings	Aug. 24, 2011	·	Initial filing	Passive investment	SEC
Lawrence D. C rouse, individually and as trustee of the 2005 Gerdin Children's Trust and 2009 Gerdin Heartland Trust (as defined below)	Aug. 30, 2010	·	Initial filing	·	SEC
Undisclosed reporting person, Undisclosed reporting person	July 29, 2009	·	Initial filing	Passive investment	SEC
Undisclosed reporting person, Undisclosed reporting person	March 9, 2009	·	Initial filing	Passive investment	SEC
Undisclosed reporting person, Undisclosed reporting person	Jan. 23, 2009	·	Initial filing	Passive investment	SEC
Undisclosed reporting person, Undisclosed reporting person	Jan. 5, 2009	·	Initial filing	Passive investment	SEC
Undisclosed reporting person, Undisclosed reporting person	Dec. 5, 2008	·	Initial filing	Passive investment	SEC
Undisclosed reporting person, Undisclosed reporting person	Oct. 30, 2008	·	Initial filing	Passive investment	SEC
Undisclosed reporting person, Undisclosed reporting person	Aug. 25, 2008	·	Initial filing	Passive investment	SEC
Undisclosed reporting person, Undisclosed reporting person	Aug. 8, 2008	·	Initial filing	Passive investment	SEC
Undisclosed reporting person, Undisclosed reporting person	July 1, 2008	·	Initial filing	Passive investment	SEC
Undisclosed reporting person, Undisclosed reporting person	June 11, 2008	·	Initial filing	Passive investment	SEC
Undisclosed reporting person, Undisclosed reporting person	Feb. 4, 2008	·	Initial filing	Passive investment	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 26 insiders · 14 officers · 12 directors

19

Insider	Role	Last activity	Shares owned	Buys 12m	Sells 12m	Net 12m
GERDIN MICHAEL J	Chief Executive Officer	May 19, 2026 G	8,939,532	0	0	$0
GERDIN RUSSELL A	CHIEF EXECUTIVE OFFICER	July 11, 2007 Z	13,509,359	0	0	$0
Christopher Alan Strain	Vice President/CFO/Treasurer	May 15, 2026 A	21,500	0	0	$0
Kent Daryl Rigdon	Chief Operating Officer	May 15, 2026 F	1,360	0	0	$0
Donovan Michael Paul	COO of Smith Transport	Aug. 2, 2024 F	32,587	0	0	$0
Steven M Gordon	COO of Subsidiary	June 15, 2015 S	964,089	0	0	$0
Joshua Stefan Helmich	CAO and Secretary	May 15, 2026 F	7,946	0	0	$0
Kris Eric Eickman	VP of Information Technology	May 15, 2026 F	8,320	0	0	$0
Todd Allan Trimble	VP of Safety and Security	April 1, 2025 F	13,287	0	0	$0
Jo Anne Borden	VP of HR and Risk Management	March 7, 2022 A	4,648	0	0	$0
Dennis J Wilkinson	Vice President of Operations	Sept. 25, 2015 A	12,000	0	0	$0
Scott A. Gordon	CIO of Subsidiary	June 12, 2015 S	492,168	0	0	$0
Thomas E Hill	Vice Pres/Controller/Sec	Dec. 24, 2014 A	10,000	0	0	$0
Richard L Meehan	Exec Vice President	June 3, 2013 J	30,379	0	0	$0
James G Pratt	Director	Aug. 31, 2026 A	35,000	0	0	$0
David Paul Millis	Director	June 15, 2026 S	28,387	0	1	$-492,069
David P Spalding	Director	June 10, 2026 P	2,000	1	0	$31,380
Amanda Hupfeld	Director	May 12, 2025 P	2,000	0	0	$0
Michael John Sullivan	Director	April 26, 2024 P	24,331	0	0	$0
Brenda S Neville	Director	May 11, 2023 A	3,429	0	0	$0
Larry J. Gordon	Director	May 11, 2023 A	304,588	0	0	$0
Benjamin J Allen	Director	May 11, 2023 A	3,024	0	0	$0
Tahira K Hira	Director	Nov. 3, 2021 A	2,000	0	0	$0
Lawrence D Crouse	Director	Dec. 18, 2015 G	2,669,951	0	0	$0
Ann S Gerdin	10% owner	Dec. 7, 2015 G	4,574,319	0	0	$0
John P Cosaert	·	Sept. 11, 2017 S	57,668	0	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 38 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
RZV · Invesco Exchange-Traded Fund Trust	0.67%	157,943 SH	Oct. 1, 2026	Daily
ESSC · Strategy Shares	0.25%	7,271 NS	July 31, 2026	N-PORT
PSCI · Invesco Exchange-Traded Fund Trust …	0.18%	39,871 SH	Oct. 1, 2026	Daily
IYT · iShares Trust	0.07%	121,778 SH	Sept. 11, 2026	Daily
VIOV · VANGUARD ADMIRAL FUNDS	0.07%	97,013 SH	Aug. 19, 2026	Daily
DFSV · Dimensional ETF Trust	0.07%	450,603 NS	July 31, 2026	N-PORT
SHPP · Pacer Funds Trust	0.05%	82 NS	July 31, 2026	N-PORT
RWJ · Invesco Exchange-Traded Fund Trust …	0.05%	76,241 SH	Oct. 1, 2026	Daily
DFAT · Dimensional ETF Trust	0.04%	511,976 NS	July 31, 2026	N-PORT
VIOO · VANGUARD ADMIRAL FUNDS	0.04%	159,408 SH	Aug. 19, 2026	Daily
VTWV · VANGUARD SCOTTSDALE FUNDS	0.04%	33,844 SH	Aug. 19, 2026	Daily
QVMS · Invesco Exchange-Traded Fund Trust …	0.03%	6,973 SH	Oct. 1, 2026	Daily
PRFZ · Invesco Exchange-Traded Fund Trust	0.03%	74,772 SH	Oct. 1, 2026	Daily
TPOR · Direxion Shares ETF Trust	0.03%	454 NS	July 31, 2026	N-PORT
DFAS · Dimensional ETF Trust	0.02%	257,521 NS	July 31, 2026	N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS	0.02%	223,539 SH	Aug. 19, 2026	Daily
IWM · iShares Trust	0.02%	1,000,370 SH	Sept. 11, 2026	Daily
RSSL · Global X Funds	0.02%	18,554 NS	July 31, 2026	N-PORT
VXF · VANGUARD INDEX FUNDS	0.01%	524,412 SH	Aug. 19, 2026	Daily
VIS · VANGUARD WORLD FUND	0.01%	51,829 SH	Aug. 19, 2026	Daily
WSML · iShares Trust	0.01%	4,073 SH	Sept. 11, 2026	Daily
FIDU · FIDELITY COVINGTON TRUST	0.01%	13,991 NS	July 31, 2026	N-PORT
DXUV · Dimensional ETF Trust	0.00%	1,846 NS	July 31, 2026	N-PORT
DCOR · Dimensional ETF Trust	0.00%	7,569 NS	July 31, 2026	N-PORT
DFSU · Dimensional ETF Trust	0.00%	5,091 NS	July 31, 2026	N-PORT
DFAU · Dimensional ETF Trust	0.00%	19,626 NS	July 31, 2026	N-PORT
DFAC · Dimensional ETF Trust	0.00%	71,093 NS	July 31, 2026	N-PORT
ITOT · iShares Trust	0.00%	60,038 SH	Sept. 11, 2026	Daily
DFUS · Dimensional ETF Trust	0.00%	14,340 NS	July 31, 2026	N-PORT
IWV · iShares Trust	0.00%	12,234 SH	Sept. 3, 2026	Daily
VTI · VANGUARD INDEX FUNDS	0.00%	1,493,433 SH	Aug. 19, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.00%	3,236 SH	Aug. 19, 2026	Daily
IJR · iShares Trust	·	2,800,170 SH	Sept. 10, 2026	Daily
IJS · iShares Trust	·	410,774 SH	Sept. 8, 2026	Daily
IWN · iShares Trust	·	367,212 SH	Sept. 11, 2026	Daily
XJR · iShares Trust	·	6,285 SH	Aug. 31, 2026	Daily
SVAL · iShares Trust	·	45,486 SH	Sept. 3, 2026	Daily
SMMV · iShares Trust	·	18,107 SH	Sept. 1, 2026	Daily

HTLD Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21

rating · 11 analysts HOLD

Median target $13.00 +9.2%

1 9.1% Strong Buy

0 0.0% Buy

5 45.5% Hold

3 27.3% Sell

2 18.2% Strong Sell

12-Month Price Target

5 analysts · 2026-09-27

Mean target $13.20 +10.9%

← Below all targets Current price $11.90

Low$12.00 Mean$13.20 High$16.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
HTLD	$699M	-13.5	-23.1%	-6.5%	-6.8%	·
SNDR	·	45.0	7.2%	1.8%	3.4%	·
RXO	$2.07B	-21.4	26.2%	-1.7%	-6.4%	·
ARCB	·	28.3	-4.0%	1.5%	4.6%	·
WERN	$1.80B	-125.0	-1.8%	-0.48%	-1.0%	·
MRTN	$928M	54.2	-8.3%	2.0%	2.3%	·
CVLG	·	81.6	2.9%	0.62%	1.8%	·
ULH	$400M	-4.0	-15.6%	-6.4%	-16.7%	·
PAMT	$253M	-4.9	-16.3%	-8.8%	-23.1%	·
PAL	$268M	·	·	·	-11.1%	·

Latest News Recent headlines mentioning this company

23

Heartland Express (HTLD) Gains as Investors Bet on a Trucking Upcycle Yahoo Finance · 4 months, 2 weeks ago Ex-Div Reminder for Heartland Express (HTLD) Nasdaq · 6 months, 1 week ago

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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HTLD Heartland Express, Inc. - Common Stock

HTLD Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

HTLD Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Financial Health Debt, liquidity, solvency — balance sheet strength

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Institutional owners (13F) 210 filers · $600.7M total · As of Sept. 30, 2026

Activists & 5%+ owners 19 positions

Company insiders 26 insiders · 14 officers · 12 directors

ETF ownership Held by 38 ETFs

HTLD Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Latest News Recent headlines mentioning this company

My Metrics Your personal watchlist — selected rows from Full Fundamentals