Knight-Swift Transportation Holdings Inc. Class A Common Stock (KNX) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$0.51	$0.63	+23.5%	—	—	—
Q3 26	$0.16	$0.09	-43.8%	—	—	—
Q2 26	$0.35	$0.31	-11.4%	—	—	—
Q1 26	$0.37	$0.32	-13.5%	—	—	—
Q4 25	$0.33	$0.35	+6.1%	—	—	—
Q3 25	$0.24	$0.28	+16.7%	—	—	—
Q2 25	$0.33	$0.36	+9.1%	—	—	—
Q1 25	$0.32	$0.34	+6.3%	—	—	—
Q4 24	$0.27	$0.24	-11.1%	—	—	—
Q3 24	$0.19	$0.12	-36.8%	—	—	—
Q2 24	$0.44	$0.09	-79.5%	—	—	—
Q1 24	$0.36	$0.41	+13.9%	—	—	—
Q4 23	$0.55	$0.49	-10.9%	—	—	—
Q3 23	$0.81	$0.73	-9.9%	—	—	—
Q2 23	$1.12	$1	-10.7%	—	—	—
Q1 23	$1.32	$1.27	-3.8%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.41	—	—	$7.5B	—
FY24	—	$0.73	—	—	$7.4B	—
FY23	—	$1.35	—	—	$7.1B	—
FY22	—	$4.75	—	—	$7.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.1B	$2.4B	$5.3B	$4.8B	$4.7B	$6B	$7.4B	$7.1B	$7.4B	$7.5B
YoY change	-5.49%	+116.9%	+120.3%	-9.36%	-3.51%	+28.3%	+23.9%	-3.86%	+3.76%	+0.8%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.1B	2.4B	5.3B	4.8B	4.7B	6B	7.4B	7.1B	7.4B	7.5B
Cost of revenue	894.9M	2B	4.4B	4B	3.7B	4.6B	5.7B	5.9B	6.4B	6.4B
Gross profit	223.1M	422.2M	960.5M	842.9M	969.1M	1.4B	1.8B	1.3B	1B	1B
Gross margin	20%	17.4%	18%	17.4%	20.7%	23.6%	23.9%	17.6%	14%	14%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	38.6M	105.9M	236.3M	213.9M	212.4M	297.9M	479.6M	639.2M	446.8M	414.4M
Operating expenses	55.9M	147.7M	297.9M	323.5M	311.9M	347.8M	570.7M	796.5M	644.9M	593.4M
Operating income	148.5M	234M	571.8M	430.9M	569.8M	966M	1.1B	340.4M	262.4M	314.4M
Operating margin	13.3%	9.65%	10.7%	8.9%	12.2%	16.1%	14.7%	4.77%	3.54%	4.21%
Non-operating income, net	4.9M	-32.8M	7.2M	8.7M	5.9M	28.6M	-26.8M	35.4M	41.2M	-68.2M
Pretax income	152.8M	193.7M	552M	414M	560.3M	974.6M	1B	270.3M	149M	95.3M
Income tax	57.6M	-291.7M	131.4M	103.8M	149.7M	230.9M	249.4M	54.8M	33M	29.8M
Net income	95.2M	485.4M	420.6M	310.2M	410.6M	743.7M	771.1M	215.5M	116.1M	65.6M
Net margin	8.52%	20%	7.87%	6.4%	8.79%	12.4%	10.4%	3.02%	1.57%	0.88%
EBITDA	269.9M	442.9M	1B	909.9M	1.1B	1.6B	1.7B	1.1B	1.1B	1.1B
EPS	1.63	4.38	2.37	1.8	2.42	4.48	4.75	1.35	0.73	0.41
Diluted EPS	1.61	4.34	2.36	1.8	2.4	4.45	4.73	1.34	0.73	0.41

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	2B	1.9B	1.8B	1.8B	1.9B	1.9B	1.8B	1.9B	1.9B	1.9B	1.9B	2.1B
Cost of revenue	1.7B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.8B
Gross profit	317.5M	288.4M	239.7M	265.9M	259.3M	269.9M	246.2M	259.1M	283.2M	254.3M	242.3M	320.1M
Gross margin	15.7%	14.9%	13.2%	14.4%	13.8%	14.5%	13.5%	13.9%	14.7%	13.7%	13.1%	15.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	157.3M	194.6M	130M	113.7M	94.9M	108.2M	99.6M	92.7M	123.5M	98.6M	115.6M	107.4M
Operating expenses	205.9M	235.6M	183.8M	166.1M	144.7M	150.3M	145.1M	141.4M	164.8M	142.1M	175.5M	180.5M
Operating income	81.1M	20.5M	24.5M	69.3M	82.4M	86.1M	66.7M	83.2M	85.1M	79.3M	29.5M	104.9M
Operating margin	4.01%	1.06%	1.35%	3.75%	4.39%	4.62%	3.66%	4.47%	4.42%	4.27%	1.59%	5%
Non-operating income, net	11.4M	4.6M	5M	-989K	2.2M	35.1M	11M	2.6M	-31.2M	-50.6M	-2.1M	-17.9M
Pretax income	58.7M	-9.7M	-6.7M	31.7M	44.2M	79.8M	40.5M	47.9M	15.7M	-8.9M	-1.5M	65.5M
Income tax	-1.2M	1.3M	-3.7M	11.8M	14.1M	10.7M	10.3M	14M	7.4M	-1.9M	-107K	22.4M
Net income	59.9M	-11M	-3M	19.9M	30.1M	69.1M	30.2M	33.9M	8.3M	-6.9M	-1.4M	43.1M
Net margin	2.97%	-0.57%	-0.16%	1.08%	1.6%	3.71%	1.66%	1.82%	0.43%	-0.37%	-0.08%	2.06%
EBITDA	293.6M	227.4M	239M	275.4M	287.1M	330.5M	277.5M	295.2M	289.7M	281.1M	225.8M	285.8M
EPS	0.37	-0.07	-0.02	0.13	0.19	0.43	0.19	0.21	0.05	-0.04	-0.01	0.27
Diluted EPS	0.37	-0.07	-0.02	0.13	0.19	0.43	0.19	0.21	0.05	-0.04	-0.01	0.26

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.9B	—	—	6.1B	7.1B	10.1B	8.5B	9.3B	8.6B	8.5B	10.3B
Enterprise value	1.9B	—	—	7.1B	7.8B	12.1B	10.4B	12.3B	11.6B	10.9B	12.9B
Shares outstanding	57.9M	110.7M	177M	171.5M	169.7M	165.9M	162.3M	161.2M	161.7M	162.2M	162.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	20.1	—	—	19.8	17.3	13.6	11	43.1	73.9	129.3	237.5
P/S	1.71	—	—	1.27	1.52	1.69	1.14	1.3	1.16	1.14	1.35
P/B	2.42	—	—	1.08	1.21	1.54	1.22	1.31	1.21	1.2	1.49
EV/EBITDA	7.12	—	—	7.79	7.12	7.68	6	10.9	10.3	9.57	12.3
EV/Sales	1.72	—	—	1.46	1.66	2.01	1.4	1.73	1.57	1.47	1.67
Earnings yield	4.98%	—	—	5.05%	5.79%	7.36%	9.07%	2.32%	1.35%	0.77%	0.42%
FCF yield	4.66%	—	—	0.16%	5.62%	6.49%	7.47%	0.97%	-0.23%	5.43%	4.75%
PEG	—	—	—	—	—	—	—	—	—	—	8.31

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	20%	17.4%	18%	17.4%	20.7%	23.6%	23.9%	17.6%	14%	14%	15.3%
Operating margin	13.3%	9.65%	10.7%	8.9%	12.2%	16.1%	14.7%	4.77%	3.54%	4.21%	5.18%
Net margin	8.52%	20%	7.87%	6.4%	8.79%	12.4%	10.4%	3.02%	1.57%	0.88%	0.56%
ROE	12.1%	9.26%	7.7%	5.47%	6.99%	11.4%	11.1%	3.03%	1.63%	0.92%	0.61%
ROA	8.83%	6.32%	5.32%	3.75%	4.85%	6.98%	7.04%	1.67%	0.91%	0.55%	1.33%
ROIC	11.6%	3.81%	6.91%	4.89%	6.39%	8.65%	9.33%	2.68%	2.01%	2.26%	1.92%
Return on tangible assets	9.72%	-49.8%	-54.8%	-98.4%	-262.5%	-2K%	214.3%	20.4%	17.6%	30.6%	12.7%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.42	1.51	1.48	0.9	1.1	1.32	1.67	0.94	0.85	0.86	0.88
Quick ratio	2.42	1.51	1.48	0.9	1.1	1.32	1.67	0.94	0.85	0.86	0.88
Debt / equity	0.02	0.19	0.17	0.19	0.14	0.34	0.3	0.45	0.46	0.38	0.38
Debt / assets	0.02	0.13	0.12	0.13	0.1	0.21	0.19	0.25	0.26	0.22	0.22
Net debt / EBITDA	0.04	2.02	0.83	1.03	0.61	1.26	1.09	2.67	2.7	2.16	2.31
Interest coverage	171.4	23.3	19.3	15.1	33.4	47.1	21.1	3.13	1.87	1.59	1.53
Effective tax rate	37.7%	0%	23.8%	25.1%	26.7%	23.7%	24.4%	20.3%	22.1%	31.2%	39.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	19.3	21.9	30.2	28.2	27.5	36.2	45.8	44.3	45.8	46.1	47.6
EPS (basic)	1.63	4.38	2.37	1.8	2.42	4.48	4.75	1.35	0.73	0.41	0.41
EPS (diluted)	1.61	4.34	2.36	1.8	2.4	4.45	4.73	1.34	0.73	0.41	0.27
Book value per share	13.6	47.4	30.9	33	34.6	39.5	42.9	44.1	44	43.7	42.9
FCF per share	1.54	-0.58	0.71	0.06	2.35	3.96	3.92	0.56	-0.12	2.84	3.34
Cash per share	0.14	0.69	0.47	0.93	0.92	1.57	1.21	1.05	1.35	1.36	1.14
Capex per share	1.54	2.75	3	3.32	2.29	1.7	3.8	4.83	3.49	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	7.96%	12.6%	9.92%	11.8%	8.3%	4.7%	8.31%	10.9%	7.63%	—	—
Capex / operating cash flow	33.6%	106.5%	57%	65.5%	40.6%	22.7%	42.1%	66.4%	55.2%	—	—
Payout ratio	20.6%	5.24%	10.2%	13.4%	13.3%	8.54%	10.2%	42.3%	89.7%	179.1%	281.5%
Dividend yield	1.02%	—	—	0.67%	0.77%	0.63%	0.92%	0.98%	1.21%	1.38%	1.26%

Yield

1.26%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.20

ex-dividend Sep 4, 2026

Payout ratio

281%

of earnings

Dividend growth

6 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 4, 2026	$0.20
Jun 8, 2026	$0.20
Mar 6, 2026	$0.20

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$2B	$1.9B	$1.8B	$1.8B	$1.9B	$1.9B	$1.8B	$1.9B	$1.9B	$1.9B	$1.9B	$2.1B
YoY change	+6.49%	+10.8%	+11.3%	+18.9%	-7.09%	-3.5%	+0.1%	+0.83%	+2.68%	-0.43%	+1.42%	+12.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	8M	76.6M	82.5M	159.7M	156.7M	261M	196.8M	168.5M	218.3M	220.4M
Receivables	133.8M	574.3M	601.2M	518.5M	578.5M	911.3M	842.3M	888.6M	803.7M	305.3M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	190.2M	923.2M	907.2M	890M	923.4M	1.4B	1.5B	1.7B	1.4B	887.5M
Property, plant & equipment	-253.1M	-170.3M	-380.6M	-393.7M	-769.7M	-931.6M	-1.1B	-914.6M	-1.3B	-1.6B
Goodwill & intangibles	99.2M	8.7B	8.7B	8.6B	8.6B	10.7B	10.6B	11.8B	12B	11.7B
Total assets	1.1B	7.7B	7.9B	8.3B	8.5B	10.7B	11B	12.9B	12.7B	12B
Accounts payable	18M	119.9M	117.9M	99.2M	101M	224.8M	220.8M	355.2M	329.7M	200.8M
Short-term debt	—	49M	58.7M	457.8M	100.1M	297.7M	108.4M	604.7M	868.1M	321.9M
Total current liabilities	78.7M	609.5M	614.6M	993M	839.7M	1.1B	894M	1.8B	1.7B	1B
Long-term debt	18M	921.9M	870.4M	637.3M	717M	1.9B	2B	2.6B	2.4B	2.4B
Total liabilities	289.8M	2.4B	2.4B	2.6B	2.6B	4.1B	4B	5.8B	5.6B	4.9B
Shareholders' equity	788.7M	5.2B	5.5B	5.7B	5.9B	6.5B	7B	7.1B	7.1B	7.1B
Total debt	18M	970.9M	929.1M	1.1B	817.1M	2.2B	2.1B	3.2B	3.3B	2.7B
Net debt	10M	894.3M	846.6M	935.3M	660.4M	2B	1.9B	3B	3.1B	2.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	193.4M	168.5M	204.8M	186.5M	166.3M	218.3M	209.5M	216.3M	192.7M	220.4M	222.8M	186.1M
Receivables	971.2M	888.6M	867.6M	841.6M	835.2M	803.7M	867.3M	848.3M	864.5M	305.3M	425.5M	434.8M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	1.8B	1.7B	1.5B	1.5B	1.4B	1.4B	1.5B	1.4B	1.5B	887.5M	954.9M	942.9M
Property, plant & equipment	5B	-914.6M	5B	5B	5.2B	-1.3B	5B	4.9B	5.1B	-1.6B	5B	5.1B
Goodwill & intangibles	11.8B	11.8B	11.8B	11.8B	12.1B	12B	12B	12B	11.9B	11.7B	11.7B	11.7B
Total assets	12.8B	12.9B	12.6B	12.6B	12.8B	12.7B	12.6B	12.5B	12.6B	12B	11.9B	12B
Accounts payable	299M	355.2M	283.8M	300.6M	293.2M	329.7M	325.6M	301.9M	251.6M	200.8M	255.9M	281.7M
Short-term debt	577.4M	604.7M	630.7M	609.3M	402.3M	868.1M	821.2M	799.7M	312.7M	321.9M	610.2M	280.1M
Total current liabilities	1.7B	1.8B	1.6B	1.7B	1.4B	1.7B	1.6B	1.6B	1.1B	1B	1.4B	1.1B
Long-term debt	2.6B	2.6B	2.6B	2.5B	3B	2.4B	2.4B	2.3B	2.9B	2.4B	2.1B	2.4B
Total liabilities	5.7B	5.8B	5.6B	5.5B	5.8B	5.6B	5.5B	5.4B	5.5B	4.9B	4.9B	5B
Shareholders' equity	7.1B	7.1B	7.1B	7.1B	7.1B	7.1B	7.1B	7.1B	7.1B	7.1B	7.1B	7B
Total debt	3.2B	3.2B	3.2B	3.1B	3.4B	3.3B	3.2B	3.1B	3.2B	2.7B	2.7B	2.7B
Net debt	3B	3B	3B	2.9B	3.2B	3.1B	3B	2.9B	3B	2.5B	2.4B	2.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	95.2M	485.4M	420.6M	310.2M	410.6M	743.7M	771.1M	215.5M	116.1M	65.6M
Depreciation & amortization	116.2M	207.1M	430.1M	463M	506.7M	577.9M	659.8M	735.1M	792.8M	788.1M
Stock-based compensation	4.4M	6.6M	—	—	—	—	—	—	—	—
Change in working capital	43.1M	-122.6M	12M	-78.8M	-132.9M	-211.3M	-85.9M	27.6M	-12.1M	202.8M
Operating cash flow	265.2M	285.8M	929.8M	870M	955.2M	1.2B	1.5B	1.2B	1B	1.3B
Capital expenditure	-89M	-304.5M	-530.2M	-569.8M	-387.8M	-282M	-617.1M	-779M	-565.2M	—
Investing cash flow	-122.3M	-195.6M	-647.3M	-583.7M	-480.7M	-1.8B	-646.2M	-1.2B	-759.1M	-6.5M
Dividends paid	-19.6M	-25.5M	-42.8M	-41.4M	-54.6M	-63.5M	-78.3M	-91.1M	-104.2M	-117.4M
Share repurchases	-39.9M	0	-179.3M	-86.9M	-179.6M	-57.2M	-299.9M	0	0	—
Financing cash flow	-143M	24M	-255.4M	-184.6M	-443.9M	829.3M	-971.3M	150.7M	-139.4M	-807.7M
Net change in cash	-51K	114.2M	27M	101.6M	30.6M	252.9M	-153M	95.5M	126M	452.4M
Free cash flow	89.2M	-64.6M	126M	9.6M	398.6M	656.1M	635.3M	90.1M	-20.1M	460.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	59.9M	-11M	-3M	19.9M	30.1M	69.1M	30.2M	33.9M	8.3M	-6.9M	-1.4M	43.1M
Depreciation & amortization	195.5M	194.5M	200.4M	197.4M	197.5M	197.5M	196.7M	195.8M	198.3M	197.3M	195.7M	197M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-146.8M	23.7M	-44.4M	23.8M	-74.8M	83.3M	-109.5M	-53.4M	-139.5M	505.2M	-113.1M	-43.8M
Operating cash flow	182.8M	277.3M	188.2M	258.5M	212.7M	365.2M	134.2M	215.2M	217.5M	723.2M	142.5M	307.8M
Capital expenditure	-219.3M	-140.5M	-141.3M	-117.3M	-149.9M	-156.7M	-49.9M	-132.8M	—	—	—	—
Investing cash flow	-671.3M	-140.8M	-139.7M	-119.1M	-359.9M	-140.4M	-54.2M	-135.4M	1.1M	-659K	2M	830K
Dividends paid	-22.6M	-22.6M	-25.9M	-26.4M	-25.9M	-25.9M	-29.3M	-29.7M	-29.2M	-29.2M	-32.7M	-33.1M
Share repurchases	0	0	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-207.5M	121.6M	-22.2M	-25.1M	127.8M	75.1M	-76.3M	-115.3M	2.4M	-618.6M	-68.1M	-166.3M
Net change in cash	-696M	258.1M	26.2M	114.4M	-19.4M	299.9M	3.7M	-35.5M	221M	104M	76.4M	142.4M
Free cash flow	-184.3M	70M	-154.6M	92.7M	-5.7M	47.6M	-23M	7.9M	-94.3M	570.3M	12.5M	57.2M

Date	Ratio
Dec 27, 2005	3:2
Jul 21, 2004	3:2
Dec 31, 2001	3:2
Jun 4, 2001	3:2
May 19, 1998	3:2

Knight-Swift Transportation Holdings Inc. Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history