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Knight-Swift Transportation Holdings Inc.

KNX Industrials Trucking

Knight-Swift Transportation Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.5 billion, up 0.80% from fiscal 2024.

Revenue
+14.2%
EPS
+1,360.0%
Free cash flow
+752.4%
Total debt
−3.78%

Quarter to September 2026, against a year earlier

58.82 0.65 −1.09%
Market cap
$9.7B
P/E
62.7×
Fwd P/E
34.5×
Dividend yield
1.31%
F-score
6/9
Altman Z
2.02
Beneish M
−3.44
Dividend safety
53/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Truckload
  • LTL
  • Logistics
  • Intermodal
  • Other, not broken out

Every year since 2010 →

Insider Decisions last twelve months

Sold, $m 25.50
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 2 — 6 — — — — 2 2 — — —
Insider Ownership 2.78%

Capital & Financial Ratios $m

Size
Market Cap 9,680.00
Revenue ttm 8,003.19
Net income ttm 152.87
Free cash flow ttm 1,010.77
Net debt Q 1,837.25
Valuation
P/E 62.73 (above 35: high)
Forward P/E 34.50
Price / sales 1.21
Forward P/S Powerpack
Price / FCF 9.60
Price / book 1.37
Financial health
Current ratio Q 0.91 (below 1: weak)
Debt / equity Q 0.30 (at or below 0.5: strong)
Interest coverage Q 9.83
Growth
Revenue growth Q +14.21% (above 0%: growing)
Operating income growth Q +255.09% (above 0%: growing)
EPS, this year +89.80% (at or above 15%: strong)
EPS, next year A +71.35% (at or above 15%: strong)
Revenue, next year A +11.45% (at or above 10%: strong)
EPS, past 5 yrs −29.77% (below 0%: weak)
EPS, next 5 yrs A +60.59% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.5×, against a ten-year median of 1.4×; over the ten years it ranged from 0.8× in 2016 to 3.8× in 2018.
P/E against its own 10 years 83.35%
10-year low 10-year high
P/S against its own 10 years 46.24%
10-year low 10-year high
P/B against its own 10 years 68.35%
10-year low 10-year high
EV/Sales against its own 10 years 57.65%
10-year low 10-year high
EV/FCF against its own 10 years 10.10%
10-year low 10-year high

Dividends raised 6 years running

Yield
1.31%
Annual rate
0.78
Payout ratio
83.9%
Growth, 2017–25
+14.7%/yr
  1. 0.24 ’17
  2. 0.24 ’18 +0
  3. 0.24 ’19 +0
  4. 0.32 ’20 +33
  5. 0.38 ’21 +19
  6. 0.48 ’22 +26
  7. 0.56 ’23 +17
  8. 0.64 ’24 +14
  9. 0.72 ’25 +13
  10. 0.80 ’26e +11
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 466 366 303 318
Receivables 954 841 351 523
Inventory — — — —
Other 140 119 120 93
1,709 1,449 888 1,039
2023 2024 2025 Q'26
Payables 355 330 201 318
ST’ Debt — — — —
Other 480 709 247 257
1,825 1,707 1,031 1,143

Compound Annual Growth %

10y 5y 3y
Sales 20.24% 9.83% 0.18%
Cash Flow 19.93% 6.61% (4.09%)
Earnings (5.55%) (30.61%) (55.95%)
Book Value 27.66% 3.85% 0.65%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.75 Actual 0.83

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.36 0.31 Miss by 0.05
Q1 FY26 0.09 0.09 Met by 0.00
Q2 FY26 0.49 0.63 Beat by 0.14
Q3 FY26 0.75 0.83 Beat by 0.08
Q4 FY26 0.82 — Reports 20 January 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.01) 0.26 0.72 — —
’25 0.19 0.21 0.05 (0.04) 0.41
’24 (0.02) 0.13 0.19 0.43 0.73
’23 0.64 0.39 0.37 (0.07) 1.34
’22 1.25 1.35 1.21 0.92 4.73
’21 0.77 0.92 1.23 1.52 4.45
’20 0.38 0.47 0.71 0.84 2.40
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,850 2,096 2,201 — —
’25 1,824 1,862 1,927 1,856 7,470
’24 1,822 1,847 1,877 1,864 7,410
’23 1,637 1,553 2,020 1,932 7,142
’22 1,827 1,961 1,897 1,744 7,429
’21 1,223 1,316 1,642 1,817 5,998
’20 1,125 1,061 1,210 1,278 4,674
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 143 308 350 — —
’25 109 217 218 723 1,267
’24 37 273 214 274 799
’23 345 377 151 288 1,162
’22 457 263 379 337 1,436
’21 306 153 358 373 1,190
’20 155 228 272 265 920
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 57 134 183 — —
’25 60 94 (28) 638 763
’24 (104) 156 64 118 234
’23 144 159 (68) 148 383
’22 352 176 214 76 819
’21 262 77 282 287 908
’20 80 109 191 153 532
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing −1.8% a year for ten years. It grew 19.5% a year over the last ten.

Implied
−1.8%
10 years, reported
19.5%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,118 2,425 5,344 4,844 4,674 5,998 7,429 7,142 7,410 7,470 8,003 +23.5% 8,325 9,045 9,571 +8.6%
Gross margin, % 67.48 64.17 63.69 66.57 71.05 68.87 68.49 71.03 72.44 73.66 71.13 +6.2 pt
EBT 153 194 552 414 560 975 1,021 270 149 95 218 (5.1%)
EBT margin, % 13.67 7.99 10.33 8.55 11.99 16.25 13.74 3.78 2.01 1.28 2.72 (12.4) pt
Net income 95 485 421 310 411 744 771 216 116 66 153 (4.1%)
Per share, $
Per share, $ Revenue 13.91 21.92 30.19 28.24 27.54 36.16 45.78 44.31 45.82 46.06 49.17 +14.2%
Earnings 1.19 4.38 2.37 1.80 2.42 4.48 4.75 1.35 0.73 0.41 0.95 (11.1%)
Cash flow 3.03 2.92 4.98 4.89 5.42 7.18 8.85 7.21 4.94 7.81 9.36 +11.1%
Capex (1.11) (2.75) (2.99) (3.32) (2.29) (1.70) (3.80) (4.83) (3.49) (3.10) (3.15) +12.1%
Free cash flow 1.93 0.16 1.99 1.57 3.13 5.48 5.05 2.37 1.45 4.71 6.21 +10.4%
Book value 9.81 47.36 30.86 33.04 34.60 39.45 42.87 44.07 44.00 43.73 43.52 +18.1%
Shares, m 80 111 177 172 170 166 162 161 162 162 162 +8.1%
Valuation, ×
Valuation, × P/E 24.94 14.74 10.58 19.80 17.35 13.66 11.17 42.84 72.66 127.51 62.73 35.5
P/S 1.05 3.27 0.83 1.27 1.52 1.69 1.16 1.30 1.16 1.14 1.21 1.4
P/B 3.41 1.51 0.81 1.08 1.21 1.54 1.24 1.30 1.21 1.20 1.37 1.5
EV/Sales 1.06 3.45 0.92 1.39 1.68 1.90 1.31 1.48 1.44 1.43 1.49 1.6
EV/FCF 17.45 462.10 13.99 24.96 14.77 12.54 11.86 27.60 45.78 14.01 11.77 64.5
Cash, $m
Cash, $m Operating cash flow 244 323 882 840 920 1,190 1,436 1,162 799 1,267 1,523 +20.1%
Capex (89) (304) (530) (570) (388) (282) (617) (779) (565) (503) (512) +21.2%
Free cash flow 155 18 352 270 532 908 819 383 234 763 1,011 +19.4%
Balance, $m
Balance, $m Working capital 112 314 293 (103) 84 339 600 (116) (258) (144) (104) n/m
Net debt 12 444 484 126 442 1,200 1,022 1,231 1,769 1,853 1,837 +75.3%
Shareholders’ equity 789 5,240 5,463 5,668 5,872 6,543 6,955 7,104 7,117 7,092 7,083 +27.6%
Returns, %
Returns, % ROA 4.70 11.05 5.38 3.82 4.90 7.77 7.14 1.82 0.92 0.53 1.24 (4.2) pt
ROIC 11.59 2.21 5.98 4.61 5.59 7.79 8.55 2.54 1.71 1.51 2.37 (10.1) pt
ROE 13.35 16.07 7.83 5.56 7.11 11.98 11.43 3.09 1.65 0.93 2.16 (12.4) pt
People
People Employees 21,900 25,400 22,800 23,800 22,900 27,900 28,500 34,800 35,300 37,100 — +6.0%
Revenue/emp, $m 0.05 0.10 0.23 0.20 0.20 0.21 0.26 0.21 0.21 0.20 — +16.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Knight-Swift Transportation Holdings is a North American freight transportation company. It moves goods for businesses using its own trucks and trailers, independent contractors, third-party carriers and rail providers. Its customers are typically large corporations in industries such as retail, food and beverage, consumer products, automotive and manufacturing.

The company has four main businesses: Truckload, less-than-truckload (LTL), Logistics and Intermodal. Truckload generally carries a full trailer for one customer. LTL combines smaller shipments from several customers and moves them through a network of service centers, where freight can be transferred between trailers. Logistics arranges transportation by matching customers’ shipments with capacity from outside carriers. Intermodal combines rail transportation with truck trips between rail terminals and customer locations.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Truckload 4,865 65.13%
LTL 1,479 19.79%
Logistics 570 7.63%
Intermodal 365 4.89%
Other, not broken out 191 2.56%
Gross margin 73.66%
Operating margin 2.89%
Pre-tax margin 1.28%

Revenue by segment since 2010

Knight-Swift Transportation Holdings Inc. vs peers in Trucking (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ODFL Old Dominion Freight Line, Inc. $35.4B 30.4× 29.1× +13.10% (above 0%: growing) +28.67% (above 0%: growing) +123.99% (above 0%: growing) 97.80% 28.46% Compare
XPO XPO, Inc. $20.6B 41.2× 37.4× +12.41% (above 0%: growing) +124.64% (above 0%: growing) +31.67% (above 0%: growing) 100.00% 12.18% Compare
KNX Knight-Swift Transportation Holdings Inc. $9.7B 62.7× 34.5× +14.21% (above 0%: growing) +1,360.00% (above 0%: growing) +752.41% (above 0%: growing) 69.85% 8.12%
SAIA Saia, Inc. $8.9B 31.4× 30.0× +17.01% (above 0%: growing) +5.57% (above 0%: growing) +4.02% (above 0%: growing) 69.15% 12.45% Compare
TFII TFI International Inc. $7.9B 22.2× 19.2× +13.39% (above 0%: growing) +26.10% (above 0%: growing) −41.17% (below 0%: shrinking) 47.44% 8.06% Compare
SNDR Schneider National, Inc. $5.0B 34.8× 28.4× +9.15% (above 0%: growing) +154.55% (above 0%: growing) +5.52% (above 0%: growing) 52.35% 3.92% Compare
RXO RXO INC $4.6B — (loss-making) — (loss-making) +31.67% (above 0%: growing) n/m +33.33% (above 0%: growing) 14.70% 0.91% Compare
ARCB ArcBest Corporation $3.0B 104× 35.1× +15.49% (above 0%: growing) +33.79% (above 0%: growing) +77.41% (above 0%: growing) 6.06% 6.06% Compare
WERN Werner Enterprises, Inc. $1.7B — (loss-making) 70.4× +23.20% (above 0%: growing) n/m +581.60% (above 0%: growing) 50.52% 1.79% Compare
Median of peers $6.4B 33.1× 30.0× +14.44% +31.23% +32.50% 51.44% 7.06%

All 18 Trucking stocks →

From the latest earnings call

Updated

  • CEO Adam Miller said tight Truckload capacity and peak-season projects supported demand, while the company saw opportunities to improve pricing and seat more trucks.
  • CFO Andrew Hess said Truckload rate gains outpaced cost growth in the third quarter, while driver pay and fuel remained cost pressures.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 100.10%
Held by the ten largest 46.07%
Holder Shares Stake Change
BlackRock 17.22m 10.58% +2.28m
Vanguard 14.83m 9.11% −95.76k
Dimensional Fund Advisors 8.56m 5.26% +101.33k
Fidelity (FMR) 8.06m 4.95% −1.65m
State Street 5.21m 3.20% +121.27k
Invesco 5.15m 3.16% +1.49m
Victory Capital 4.79m 2.94% −1.55m
AQR Capital Management 4.46m 2.74% +1.08m
Slate Path Capital LP 3.41m 2.10% −1.21m
Morgan Stanley 3.30m 2.03% −94.00k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 2 April 2026

Ownership

Directors and executive officers, together 2.90%
FMR LLC 10.00%
The Vanguard Group 9.20%
BlackRock, Inc. 8.60%
Wellington Management Group LLP 8.00%
Dimensional Fund Advisors LP 5.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Knight-Swift Transportation Holdings Inc. (KNX) Latest News

29 Oct

Impact 3 · · Trefis
Impact 3 · · StockStory

28 Oct

Impact 4 · · The Motley Fool
Impact 3 · · Zacks

27 Oct

Impact 3 · · Zacks

26 Oct

Impact 4 · · Zacks

23 Oct

Impact 4 · · Simply Wall St.

22 Oct

Impact 4 · · Simply Wall St. earnings
Impact 4 · · truckingdive.com
Impact 4 · · FreightWaves
Impact 4 · · StockStory
Impact 3 · · Simply Wall St.

21 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 4 · · Moby
Impact 4 · · Zacks
Impact 4 · · FreightWaves
Impact 3 · · StockStory
Impact 3 · · Zacks
Impact 3 · · Associated Press
Impact 3 · · Business Wire earnings

20 Oct

Impact 3 · · Zacks
Impact 3 · · Trefis
Impact 3 · · StockStory

15 Oct

Impact 3 · · Zacks

14 Oct

Impact 3 · · Zacks

13 Oct

Impact 3 · · StockStory

23 Sep

Impact 3 · · MT Newswires
Impact 3 · · Simply Wall St.

22 Sep

Impact 3 · · Zacks

KNX metrics, ten years each

stockrow.com/KNX · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com