Saturday 17 October 2026
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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. In the quarter to June 2026, revenue grew 12.6%, EPS grew 28.6%, free cash flow grew 41.9% and total debt rose 4.94%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
64.81
0.47
−0.72%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 20.56 | 30.00 | 23.27 | 24.65 | 27.54 | 39.17 | 42.50 | 45.73 | 45.55 | 36.69 |
Analyst estimates 2026–2028 Powerpack |
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| High | 38.80 | 44.60 | 51.94 | 39.37 | 47.44 | 62.29 | 62.12 | 64.35 | 60.99 | 61.51 | |||||
| People | |||||||||||||||
| People | Employees | 21,900 | 25,400 | 22,800 | 23,800 | 22,900 | 27,900 | 28,500 | 34,800 | 35,300 | 37,100 | ||||
| Revenue/emp, $m | 0.05 | 0.10 | 0.23 | 0.20 | 0.20 | 0.21 | 0.26 | 0.21 | 0.21 | 0.20 | |||||
| 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 | ||||
| Gross margin, % | 67.48 | 64.17 | 63.69 | 66.57 | 71.05 | 68.87 | 68.49 | 71.03 | 72.44 | 73.66 | |||||
| EBT | 153 | 194 | 552 | 414 | 560 | 975 | 1,021 | 270 | 149 | 95 | |||||
| EBT margin, % | 13.67 | 7.99 | 10.33 | 8.55 | 11.99 | 16.25 | 13.74 | 3.78 | 2.01 | 1.28 | |||||
| Net income | 95 | 485 | 421 | 310 | 411 | 744 | 771 | 216 | 116 | 66 | |||||
| Depreciation | 116 | 207 | 430 | 463 | 507 | 578 | 660 | 735 | 793 | 788 | |||||
| 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 | ||||
| Earnings | 1.19 | 4.38 | 2.37 | 1.80 | 2.42 | 4.48 | 4.75 | 1.35 | 0.73 | 0.41 | |||||
| Cash flow | 3.03 | 2.92 | 4.98 | 4.89 | 5.42 | 7.18 | 8.85 | 7.21 | 4.94 | 7.81 | |||||
| Capex | (1.11) | (2.75) | (2.99) | (3.32) | (2.29) | (1.70) | (3.80) | (4.83) | (3.49) | (3.10) | |||||
| Free cash flow | 1.93 | 0.16 | 1.99 | 1.57 | 3.13 | 5.48 | 5.05 | 2.37 | 1.45 | 4.71 | |||||
| Book value | 9.81 | 47.36 | 30.86 | 33.04 | 34.60 | 39.45 | 42.87 | 44.07 | 44.00 | 43.73 | |||||
| Shares, m | 80 | 111 | 177 | 172 | 170 | 166 | 162 | 161 | 162 | 162 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 24.94 | 14.74 | 10.58 | 19.80 | 17.35 | 13.66 | 11.17 | 42.84 | 72.66 | 127.51 | ||||
| P/S | 1.05 | 3.27 | 0.83 | 1.27 | 1.52 | 1.69 | 1.16 | 1.30 | 1.16 | 1.14 | |||||
| P/B | 3.41 | 1.51 | 0.81 | 1.08 | 1.21 | 1.54 | 1.24 | 1.30 | 1.21 | 1.20 | |||||
| EV/Sales | 1.06 | 3.45 | 0.92 | 1.39 | 1.68 | 1.90 | 1.31 | 1.48 | 1.44 | 1.43 | |||||
| EV/FCF | 17.45 | 462.10 | 13.99 | 24.96 | 14.77 | 12.54 | 11.86 | 27.60 | 45.78 | 14.01 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 244 | 323 | 882 | 840 | 920 | 1,190 | 1,436 | 1,162 | 799 | 1,267 | ||||
| Capex | (89) | (304) | (530) | (570) | (388) | (282) | (617) | (779) | (565) | (503) | |||||
| Free cash flow | 155 | 18 | 352 | 270 | 532 | 908 | 819 | 383 | 234 | 763 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 112 | 314 | 293 | (103) | 84 | 339 | 600 | (116) | (258) | (144) | ||||
| Total debt | 20 | 617 | 631 | 336 | 647 | 1,554 | 1,412 | 1,697 | 2,135 | 2,156 | |||||
| Net debt | 12 | 444 | 484 | 126 | 442 | 1,200 | 1,022 | 1,231 | 1,769 | 1,853 | |||||
| Shareholders’ equity | 789 | 5,240 | 5,463 | 5,668 | 5,872 | 6,543 | 6,955 | 7,104 | 7,117 | 7,092 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 4.70 | 11.05 | 5.38 | 3.82 | 4.90 | 7.77 | 7.14 | 1.82 | 0.92 | 0.53 | ||||
| ROIC | 11.59 | 2.21 | 5.98 | 4.61 | 5.59 | 7.79 | 8.55 | 2.54 | 1.71 | 1.51 | |||||
| ROE | 13.35 | 16.07 | 7.83 | 5.56 | 7.11 | 11.98 | 11.43 | 3.09 | 1.65 | 0.93 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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. | $39.2B | 36.0× | 45.1× | +10.39% (above 0%: growing) | +33.07% (above 0%: growing) | +123.99% (above 0%: growing) | 97.83% | 29.94% | Compare |
| XPO XPO, Inc. | $22.1B | 54.3× | 50.5× | +13.22% (above 0%: growing) | +53.33% (above 0%: growing) | +269.64% (above 0%: growing) | 100.00% | 11.55% | Compare |
| KNX Knight-Swift Transportation Holdings Inc. | $10.6B | 240× | 48.5× | +12.56% (above 0%: growing) | +28.57% (above 0%: growing) | +41.85% (above 0%: growing) | 69.96% | 5.00% | |
| TFII TFI International Inc. | $9.4B | 27.9× | 34.1× | +12.38% (above 0%: growing) | +40.68% (above 0%: growing) | +10.93% (above 0%: growing) | 47.92% | 9.62% | Compare |
| SAIA Saia, Inc. | $9.1B | 32.2× | 41.4× | +17.06% (above 0%: growing) | +31.84% (above 0%: growing) | +2,170.05% (above 0%: growing) | 70.34% | 13.09% | Compare |
| SNDR Schneider National, Inc. | $5.5B | 49.2× | 41.6× | +10.43% (above 0%: growing) | +33.33% (above 0%: growing) | −33.07% (below 0%: shrinking) | 53.68% | 4.55% | Compare |
| RXO RXO INC | $4.8B | — (loss-making) | — (loss-making) | +25.02% (above 0%: growing) | n/m | −620.00% (below 0%: shrinking) | 14.04% | 0.06% | Compare |
| ARCB ArcBest Corporation | $3.0B | 186× | 33.5× | +15.87% (above 0%: growing) | n/m | +45.84% (above 0%: growing) | (1.74%) | (1.74%) | Compare |
| WERN Werner Enterprises, Inc. | $2.0B | — (loss-making) | 56.2× | +24.00% (above 0%: growing) | −84.72% (below 0%: shrinking) | +581.60% (above 0%: growing) | 52.19% | 1.81% | Compare |
| Median of peers | $7.3B | 42.6× | 41.6× | +14.55% | +33.20% | +84.92% | 52.94% | 7.09% |
Knight-Swift Transportation Holdings Inc. (KNX) key facts
- Strength: Knight-Swift Transportation Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.5 billion, up 0.80% from fiscal 2024.
- Knight-Swift Transportation Holdings Inc. (KNX) is a Trucking company in the Industrials sector, listed on the New York Stock Exchange.
- As of October 16, 2026, KNX traded at $64.81, a market capitalization of $10.6 billion.
- Knight-Swift Transportation Holdings Inc. pays an annual dividend of $0.78 per share, a yield of 1.20%.
- Return on equity was 0.93% and debt-to-equity 0.32.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.02 (grey zone) for fiscal 2025.