Knight-Swift Transportation Holdings Inc. (KNX) Financials

KNX

Trailing 12 months to March 31, 2026

Revenue $7.5B +1.1% YoY

Net Income $34.0M -77.5% YoY

EPS (Diluted) $0.21 -77.7% YoY

Operating Cash Flow $1.3B +49.2% YoY

Market Cap $10.5B as of Oct 12, 2026

Price / Sales 1.4x on $7.5B revenue, trailing 12 months to March 31, 2026

Price / Earnings 309x on $34.0M net income, trailing 12 months to March 31, 2026

Price / Book 1.5x on $7.1B equity, Q1 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Apr 29, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed Apr 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KNX SEC filings page.

Knight-Swift Transportation Holdings Inc. (KNX) reported $7.5B in revenue over the twelve months to Mar 31, 2026, up 1.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI KNX FY2025 2026-10-03

Revenue has recovered, but profit margins remain compressed and reported cash generation is being shaped by heavy depreciation.

FY2025 operating cash flow was $1.3B against net income of $65.9M, so accounting earnings substantially understate cash produced during the year. Depreciation and amortization was $788M, making the cash-profit gap consistent with a large noncash charge and an asset-intensive operating base.

FY2025 revenue was $7.5B, close to FY2022's $7.4B. Yet operating margin was 2.9% versus 14.7%, showing that recovered volume has not restored earlier operating economics.

The current ratio of 0.9x indicates current liabilities slightly exceed current assets, while debt-to-equity of 0.2x points to moderate long-term leverage. Short-term working-capital flexibility is therefore tighter than in FY2022, when the current ratio was 1.7x, even though the balance sheet is not primarily debt-funded.

Financial Health Signals

Financial Health Score 29/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Knight-Swift Transportation Holdings Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Knight-Swift Transportation Holdings Inc. has an operating margin of 2.9%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 42/100, indicating healthy but not exceptional operating efficiency. This is down from 3.3% the prior year.

Growth

Knight-Swift Transportation Holdings Inc.'s revenue grew a modest 0.8% year-over-year to $7.5B. This slow but positive growth earns a score of 39/100.

Leverage

Knight-Swift Transportation Holdings Inc. has a moderate D/E ratio of 0.25. This balance of debt and equity financing earns a leverage score of 37/100.

Liquidity

Knight-Swift Transportation Holdings Inc.'s current ratio of 0.86 is below the typical benchmark, resulting in a score of 13/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Not available for Knight-Swift Transportation Holdings Inc., and counted as zero in the overall score.

Returns

Knight-Swift Transportation Holdings Inc.'s ROE of 0.9% shows moderate profitability relative to equity, earning a score of 41/100. This is down from 1.7% the prior year.

Altman Z-Score Grey Zone

2.27

Knight-Swift Transportation Holdings Inc. scores 2.27, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($10.5B) relative to total liabilities ($4.9B). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Knight-Swift Transportation Holdings Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

19.21x

For every $1 of reported earnings, Knight-Swift Transportation Holdings Inc. generates $19.21 in operating cash flow ($1.3B OCF vs $65.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.34x

Knight-Swift Transportation Holdings Inc. earns $1.34 in operating income for every $1 of interest expense ($216.1M vs $161.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.9B

YoY+1.4%

QoQ-0.3%

5Y CAGR+8.6%

10Y CAGR+6.7%

Knight-Swift Transportation Holdings Inc. generated $1.9B in revenue in Q1 2026. This represents an increase of 1.4% from the same quarter a year earlier. Against the prior quarter it is down 0.3%.

EBITDA

$224.3M

YoY-14.8%

QoQ+0.3%

5Y CAGR-5.3%

10Y CAGR+9.0%

Knight-Swift Transportation Holdings Inc.'s EBITDA was $224.3M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 14.8% from the same quarter a year earlier. Against the prior quarter it is up 0.3%.

Net Income

-$1.3M

YoY-104.3%

QoQ+80.6%

Knight-Swift Transportation Holdings Inc. reported -$1.3M in net income in Q1 2026. This represents a decrease of 104.3% from the same quarter a year earlier. Against the prior quarter it is up 80.6%.

EPS (Diluted)

-$0.01

YoY-105.3%

QoQ+75.0%

Knight-Swift Transportation Holdings Inc. earned -$0.01 per diluted share (EPS) in Q1 2026. This represents a decrease of 105.3% from the same quarter a year earlier. Against the prior quarter it is up 75.0%.

Cash & Balance Sheet

Cash & Debt

$222.8M

YoY+6.3%

QoQ+1.1%

5Y CAGR+2.7%

10Y CAGR+4.6%

Knight-Swift Transportation Holdings Inc. held $222.8M in cash against $1.8B in long-term debt as of Q1 2026.

Dividends Per Share

$0.20

YoY+11.1%

QoQ+11.1%

5Y CAGR+20.1%

Knight-Swift Transportation Holdings Inc. paid $0.20 per share in dividends in Q1 2026. This represents an increase of 11.1% from the same quarter a year earlier. Against the prior quarter it is up 11.1%.

Shares Outstanding

162M

YoY+0.3%

QoQ0.0%

5Y CAGR-0.4%

Knight-Swift Transportation Holdings Inc. had 162M shares outstanding in Q1 2026. This represents an increase of 0.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q1 2026.

Margins & Returns

Operating Margin

1.5%

YoY-2.1pp

QoQ+0.1pp

5Y change-11.7pp

10Y change-0.9pp

Knight-Swift Transportation Holdings Inc.'s operating margin was 1.5% in Q1 2026, reflecting core business profitability. This is down 2.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Net Margin

-0.1%

YoY-1.7pp

QoQ+0.3pp

5Y change-10.7pp

10Y change-2.5pp

Knight-Swift Transportation Holdings Inc.'s net profit margin was -0.1% in Q1 2026, showing the share of revenue converted to profit. This is down 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.

Return on Equity

0.0%

YoY-0.4pp

QoQ+0.1pp

5Y change-2.2pp

10Y change-3.8pp

Knight-Swift Transportation Holdings Inc.'s ROE was 0.0% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Gross Margin

Not reported for Q1 2026.

Capital Allocation

None of these metrics is reported for Q1 2026.

KNX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

KNX quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$7.5B	$7.5B+0.8%	$7.4B+3.8%	$7.1B-3.9%	$7.4B+23.9%	$6.0B+28.3%	$4.7B-3.5%	$4.8B-9.4%	$5.3B+120.3%	$2.4B+116.9%	$1.1B-5.5%	$1.2B-72.5%	$4.3B+4.4%	$4.1B+3.6%	$4.0B+5.2%	$3.8B
SG&A Expenses	$3.0B	$3.0B+4.7%	$2.8B+13.8%	$2.5B+14.1%	$2.2B+22.7%	$1.8B+19.5%	$1.5B+0.6%	$1.5B-1.4%	$1.5B+117.1%	$688.5M+106.2%	$333.9M0.0%	$334.1M-65.6%	$970.7M+7.4%	$904.0M+2.7%	$879.9M+2.1%	$861.4M
Operating Income	$178.0M	$216.1M-11.2%	$243.4M-28.0%	$338.2M-69.0%	$1.1B+13.1%	$965.7M+71.1%	$564.4M+32.1%	$427.4M-24.9%	$569.0M+183.6%	$200.6M+35.1%	$148.5M-16.6%	$178.0M-51.9%	$370.1M+3.7%	$357.0M+1.5%	$351.8M+9.2%	$322.0M
EBITDA	N/A	$1.0B-3.1%	$1.0B-3.5%	$1.1B-38.7%	$1.8B+13.5%	$1.5B+44.1%	$1.1B+20.3%	$890.4M-10.9%	$999.1M+145.0%	$407.7M+54.1%	$264.6M-8.4%	$289.0M-52.5%	$608.0M+1.4%	$599.8M+2.1%	$587.6M+5.2%	$558.4M
Interest Expense	$152.3M	$161.8M-5.5%	$171.2M+34.7%	$127.1M+150.2%	$50.8M+140.3%	$21.1M+22.1%	$17.3M-41.2%	$29.4M-2.4%	$30.2M+247.3%	$8.7M+868.3%	$897K-10.1%	$998K-98.8%	$80.1M-19.6%	$99.5M-18.4%	$122.0M-18.6%	$150.0M
Income Tax	$19.4M	$29.8M-9.7%	$33.0M-39.8%	$54.8M-78.0%	$249.4M+8.0%	$230.9M+54.3%	$149.7M+44.2%	$103.8M-21.0%	$131.4M+145.0%	-$291.7M-606.5%	$57.6M-15.4%	$68.0M-23.9%	$89.5M-11.4%	$101.0M+63.9%	$61.6M+5.3%	$58.5M
Net Income	$34.0M	$65.9M-43.9%	$117.6M-45.8%	$217.1M-71.8%	$771.3M+3.8%	$743.4M+81.3%	$410.0M+32.6%	$309.2M-26.3%	$419.3M-13.4%	$484.3M+416.0%	$93.9M-19.6%	$116.7M-27.6%	$161.2M+3.7%	$155.4M+10.9%	$140.1M+36.3%	$102.7M
EPS (Basic)	N/A	$0.41-43.8%	$0.73-45.9%	$1.35-71.6%	$4.75+6.0%	$4.48+85.1%	$2.42+34.4%	$1.80-24.1%	$2.37-45.9%	$4.38+274.4%	$1.17-18.2%	$1.43+25.4%	$1.14+2.7%	$1.11+11.0%	$1.00+35.1%	$0.74
EPS (Diluted)	$0.21	$0.41-43.8%	$0.73-45.5%	$1.34-71.7%	$4.73+6.3%	$4.45+85.4%	$2.40+33.3%	$1.80-23.7%	$2.36	$4.34+274.1%	$1.16-18.3%	$1.42	$1.12+2.8%	$1.09+9.0%	$1.00+35.1%	$0.74
Diluted Shares (Avg)	N/A	163M+0.3%	162M+0.2%	162M-0.8%	163M-2.3%	167M-2.0%	171M-0.9%	172M-3.3%	178M	112M+37.5%	81M-1.5%	82M	143M+0.9%	142M+1.9%	140M0.0%	140M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$1.9B+1.4%	$1.9B-0.4%	$1.9B+2.7%	$1.9B+0.8%	$1.8B+0.1%	$1.9B-3.5%	$1.9B-7.1%	$1.8B+18.9%
SG&A Expenses	$728.7M+1.0%	$724.4M+1.9%	$755.3M+4.0%	$754.6M+9.1%	$721.7M+4.1%	$710.8M+1.7%	$726.4M+2.2%	$691.9M+29.8%
Operating Income	$28.6M-57.1%	$26.5M-66.1%	$50.3M-38.2%	$72.6M+14.4%	$66.7M+224.3%	$78.0M+326.4%	$81.4M+0.4%	$63.5M-32.5%
EBITDA	$224.3M-14.8%	$223.7M-18.8%	$248.6M-10.9%	$268.4M+2.9%	$263.4M+19.2%	$275.4M+29.4%	$278.9M+0.9%	$260.9M-2.3%
Interest Expense	$30.7M-23.6%	$39.8M-11.7%	$40.9M-7.8%	$40.9M+1.0%	$40.2M-2.5%	$45.0M+11.8%	$44.4M+12.8%	$40.5M+66.2%
Income Tax	-$107K-101.0%	-$1.9M-117.9%	$7.4M-47.7%	$14.0M+18.7%	$10.3M+380.4%	$10.7M+727.4%	$14.1M+1258.8%	$11.8M-46.3%
Net Income	-$1.3M-104.3%	-$6.8M-109.8%	$7.9M-74.2%	$34.2M+68.7%	$30.6M+1262.8%	$69.5M+752.2%	$30.5M-49.4%	$20.3M-67.9%
EPS (Basic)	-$0.01-105.3%	-$0.04-109.3%	$0.05-73.7%	$0.21+61.5%	$0.19+1050.0%	$0.43+816.7%	$0.19-48.6%	$0.13-66.7%
EPS (Diluted)	-$0.01-105.3%	-$0.04-109.3%	$0.05-73.7%	$0.21+61.5%	$0.19+1050.0%	$0.43+714.3%	$0.19-48.6%	$0.13-66.7%
Diluted Shares (Avg)	163M+0.4%	N/A	163M+0.3%	163M+0.3%	162M+0.2%	N/A	162M+0.2%	162M+0.1%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

KNX Balance Sheet

KNX quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$12.0B-5.9%	$12.7B-1.3%	$12.9B+17.5%	$11.0B+2.8%	$10.7B+25.8%	$8.5B+2.2%	$8.3B+4.7%	$7.9B+3.0%	$7.7B+612.4%	$1.1B-63.1%	$2.9B+0.9%	$2.9B+3.0%	$2.8B+0.6%	$2.8B+5.7%	$2.6B
Current Assets	$887.5M-38.7%	$1.4B-15.2%	$1.7B+14.4%	$1.5B+5.6%	$1.4B+53.2%	$923.4M+3.7%	$890.0M-1.9%	$907.2M-1.7%	$923.2M+385.4%	$190.2M-73.0%	$705.6M-6.6%	$755.5M+2.9%	$734.0M-1.1%	$742.1M+11.1%	$667.6M
Cash & Equivalents	$220.4M+1.0%	$218.3M+29.5%	$168.5M-14.3%	$196.8M-24.6%	$261.0M+66.6%	$156.7M-1.9%	$159.7M+93.6%	$82.5M+7.6%	$76.6M+855.6%	$8.0M-7.7%	$8.7M-49.1%	$17.1M-71.2%	$59.2M+10.4%	$53.6M-34.7%	$82.1M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$305.3M-62.0%	$803.7M-9.6%	$888.6M+5.5%	$842.3M-7.6%	$911.3M+57.5%	$578.5M+11.6%	$518.5M-13.8%	$601.2M+4.7%	$574.3M+329.0%	$133.8M-68.3%	$422.4M-11.8%	$479.0M+14.5%	$418.4M+6.5%	$392.8M+21.2%	$324.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$3.9B-0.7%	$4.0B+2.9%	$3.8B+9.4%	$3.5B+0.1%	$3.5B+20.3%	$2.9B+0.1%	$2.9B0.0%	$2.9B+1.1%	$2.9B+6040.3%	$47.0M-81.4%	$253.3M0.0%	$253.3M0.0%	$253.3M0.0%	$253.3M0.0%	$253.3M
Total Liabilities	$4.9B-12.9%	$5.6B-3.2%	$5.8B+44.3%	$4.0B-2.8%	$4.1B+58.4%	$2.6B-0.7%	$2.6B+6.7%	$2.4B+0.2%	$2.4B+743.0%	$289.8M-87.4%	$2.3B-4.9%	$2.4B-4.1%	$2.5B+0.9%	$2.5B-1.2%	$2.5B
Current Liabilities	$1.0B-39.6%	$1.7B-6.5%	$1.8B+104.2%	$894.0M-16.8%	$1.1B+28.0%	$839.7M-15.4%	$993.0M+61.6%	$614.6M+0.8%	$609.5M+675.0%	$78.7M-80.3%	$398.9M-5.2%	$420.6M+9.4%	$384.4M+0.2%	$383.4M+21.0%	$316.8M
Non-Current Liabilities	$3.8B-1.1%	$3.9B-1.7%	$3.9B+27.0%	$3.1B+2.1%	$3.0B+72.9%	$1.8B+8.4%	$1.6B-11.7%	$1.8B+0.1%	$1.8B+768.4%	$211.1M-88.9%	$1.9B-4.9%	$2.0B-6.5%	$2.1B+1.1%	$2.1B-4.4%	$2.2B
Long-Term Debt	$1.7B-4.5%	$1.8B+12.1%	$1.6B+50.7%	$1.1B-28.4%	$1.5B+196.7%	$508.9M	N/A	$364.6M0.0%	$364.8M	N/A	$643.7M-26.2%	$871.6M-23.5%	$1.1B-7.7%	$1.2B-19.4%	$1.5B
Total Equity	$7.1B-0.4%	$7.1B+0.3%	$7.1B+2.1%	$6.9B+6.3%	$6.5B+11.3%	$5.9B+3.6%	$5.7B+3.8%	$5.5B+4.3%	$5.2B+566.0%	$786.5M+6.2%	$740.4M+9.0%	$679.3M+139.5%	$283.6M-2.3%	$290.2M+87.0%	$155.2M
Retained Earnings	$2.6B-2.3%	$2.7B0.0%	$2.7B+4.2%	$2.6B+17.1%	$2.2B+39.2%	$1.6B+12.3%	$1.4B+14.7%	$1.2B+19.7%	$1.0B+80.8%	$562.4M+504.5%	-$139.0M+55.2%	-$310.0M+34.2%	-$471.2M+21.7%	-$601.8M+22.3%	-$774.8M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$11.9B-5.2%	$12.0B-5.9%	$12.6B-1.6%	$12.5B-0.4%	$12.6B-0.2%	$12.7B-1.3%	$12.8B-0.1%	$12.6B+9.9%
Current Assets	$954.9M-34.4%	$887.5M-38.7%	$1.5B+2.1%	$1.4B-0.4%	$1.5B-5.0%	$1.4B-15.2%	$1.4B-18.4%	$1.5B-23.1%
Cash & Equivalents	$222.8M+6.3%	$220.4M+1.0%	$192.7M+15.8%	$216.3M+16.0%	$209.5M+2.3%	$218.3M+29.5%	$166.3M-14.0%	$186.5M-18.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$425.5M-50.9%	$305.3M-62.0%	$864.5M+3.5%	$848.3M+0.8%	$867.3M0.0%	$803.7M-9.6%	$835.2M-14.0%	$841.6M+18.2%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$3.9B-0.7%	$3.9B-0.7%	$4.0B0.0%	$4.0B+2.1%	$4.0B+2.3%	$4.0B+2.9%	$4.0B+3.1%	$3.9B+10.2%
Total Liabilities	$4.9B-10.9%	$4.9B-12.9%	$5.5B-4.5%	$5.4B-2.0%	$5.5B-1.3%	$5.6B-3.2%	$5.8B+0.8%	$5.5B+26.2%
Current Liabilities	$1.4B-17.6%	$1.0B-39.6%	$1.1B-22.7%	$1.6B-1.5%	$1.6B+0.3%	$1.7B-6.5%	$1.4B-17.4%	$1.7B+74.5%
Non-Current Liabilities	$3.5B-8.1%	$3.8B-1.1%	$4.4B+1.5%	$3.8B-2.2%	$3.8B-2.0%	$3.9B-1.7%	$4.3B+8.8%	$3.8B+12.9%
Long-Term Debt	$1.8B-4.4%	$1.7B-4.5%	$1.9B-0.4%	$1.8B+10.9%	$1.8B+5.1%	$1.8B+12.1%	$1.9B-1.3%	$1.6B+10.5%
Total Equity	$7.1B-0.9%	$7.1B-0.4%	$7.1B+0.8%	$7.1B+1.0%	$7.1B+0.8%	$7.1B+0.3%	$7.1B-0.8%	$7.1B-0.2%
Retained Earnings	$2.6B-3.6%	$2.6B-2.3%	$2.6B+0.7%	$2.7B+1.7%	$2.7B+1.3%	$2.7B0.0%	$2.6B-2.8%	$2.6B-1.6%

Not reported in any period shown, so not listed: Inventory.

KNX Cash Flow Statement

KNX quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.3B	$1.3B+58.5%	$799.1M-31.2%	$1.2B-19.1%	$1.4B+20.6%	$1.2B+29.4%	$919.6M+9.5%	$839.6M-4.8%	$882.0M+173.4%	$322.6M+32.3%	$243.8M+18.5%	$205.8M-48.0%	$395.8M-16.4%	$473.5M+5.9%	$447.1M+31.4%	$340.2M
Depreciation & Amortization	N/A	$788.1M-0.6%	$792.8M+7.8%	$735.1M+11.4%	$659.8M+14.2%	$577.9M+14.1%	$506.7M+9.4%	$463.0M+7.6%	$430.1M+107.7%	$207.1M+78.3%	$116.2M+4.6%	$111.0M-53.3%	$237.9M-2.0%	$242.8M+3.0%	$235.8M-0.3%	$236.4M
Stock-Based Compensation	N/A	$28.6M+21.2%	$23.6M-15.6%	$27.9M-17.7%	$33.9M+20.6%	$28.1M+5.8%	$26.6M+65.8%	$16.0M+29.5%	$12.4M+98.4%	$6.2M+54.5%	$4.0M-42.4%	$7.0M+29.9%	$5.4M+16.2%	$4.6M-5.0%	$4.9M-30.2%	$7.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$830.0M+9.8%	$756.0M+95.3%	$387.2M+150.5%	$154.6M-30.3%	$221.7M-27.6%	$306.0M-3.9%	$318.3M+1.3%	$314.1M+25.7%	$249.9M
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$9.6M-92.4%	$126.0M+295.0%	-$64.6M-172.4%	$89.2M+661.1%	-$15.9M-117.7%	$89.8M-42.1%	$155.2M+16.7%	$133.0M+47.3%	$90.3M
Investing Cash Flow	-$549.8M	-$520.4M+31.4%	-$759.1M+38.2%	-$1.2B-90.0%	-$646.2M+64.4%	-$1.8B-277.9%	-$480.7M+17.6%	-$583.7M+9.8%	-$647.3M-216.9%	-$204.3M-102.1%	-$101.1M+26.9%	-$138.3M+1.0%	-$139.8M+55.2%	-$311.7M-84.3%	-$169.1M-12.8%	-$149.9M
Financing Cash Flow	-$799.6M	-$807.7M-479.5%	-$139.4M-192.5%	$150.7M+120.0%	-$754.3M-196.8%	$779.3M+275.6%	-$443.9M-140.4%	-$184.6M+27.7%	-$255.4M-1164.3%	$24.0M+116.8%	-$143.0M-88.6%	-$75.8M+63.9%	-$210.1M-34.5%	-$156.2M+49.0%	-$306.5M-94.8%	-$157.3M
Dividends Paid	$120.8M	$117.4M+12.8%	$104.2M+14.3%	$91.1M+16.4%	$78.3M+23.2%	$63.5M+16.3%	$54.6M+31.9%	$41.4M-3.1%	$42.8M+68.0%	$25.5M+29.9%	$19.6M-1.4%	$19.9M	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$0	$0-100.0%	$299.9M+424.6%	$57.2M-68.2%	$179.6M+106.7%	$86.9M-51.5%	$179.3M	$0-100.0%	$39.9M-12.1%	$45.3M	$0	$0	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$142.5M+30.3%	$723.2M+163.6%	$217.5M+1.6%	$216.5M-20.8%	$109.4M+193.6%	$274.3M-4.8%	$214.0M+41.5%	$273.4M-27.5%
Depreciation & Amortization	$195.7M-0.5%	$197.3M-0.1%	$198.3M+0.4%	$195.8M-0.8%	$196.7M-1.8%	$197.5M+1.5%	$197.5M+1.0%	$197.4M+14.2%
Investing Cash Flow	-$83.6M-54.1%	-$95.9M+31.6%	-$234.9M+34.8%	-$135.4M-13.7%	-$54.2M+61.2%	-$140.1M-0.1%	-$360.2M+46.4%	-$119.1M+45.5%
Financing Cash Flow	-$68.1M+10.7%	-$618.6M-628.6%	-$27.6M-121.6%	-$85.3M+46.7%	-$76.3M-243.4%	-$84.9M+37.3%	$127.8M+158.3%	-$160.1M-143.1%
Dividends Paid	$32.7M+11.5%	$29.2M+12.8%	$29.4M+12.9%	$29.4M+12.9%	$29.3M+13.1%	$25.9M+14.6%	$26.1M+14.6%	$26.1M+14.5%

Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Share Buybacks.

KNX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

KNX quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	2.9%-0.4pp	3.3%-1.4pp	4.7%-10.0pp	14.7%-1.4pp	16.1%+4.0pp	12.1%+3.3pp	8.8%-1.8pp	10.7%+2.4pp	8.3%-5.0pp	13.3%-1.8pp	15.0%+6.4pp	8.6%-0.1pp	8.7%-0.2pp	8.8%+0.3pp	8.5%
Net Margin	0.9%-0.7pp	1.6%-1.4pp	3.0%-7.3pp	10.4%-2.0pp	12.4%+3.6pp	8.8%+2.4pp	6.4%-1.5pp	7.8%-12.1pp	20.0%+11.6pp	8.4%-1.5pp	9.9%+6.1pp	3.8%0.0pp	3.8%+0.2pp	3.5%+0.8pp	2.7%
Return on Equity	0.9%-0.7pp	1.7%-1.4pp	3.1%-8.1pp	11.1%-0.3pp	11.4%+4.4pp	7.0%+1.5pp	5.5%-2.2pp	7.7%-1.6pp	9.3%-2.7pp	11.9%-3.8pp	15.8%-8.0pp	23.7%-31.1pp	54.8%+6.5pp	48.3%-17.9pp	66.2%
Return on Assets	0.5%-0.4pp	0.9%-0.8pp	1.7%-5.4pp	7.0%+0.1pp	7.0%+2.1pp	4.8%+1.1pp	3.7%-1.6pp	5.3%-1.0pp	6.3%-2.4pp	8.7%+4.7pp	4.0%-1.6pp	5.6%0.0pp	5.5%+0.5pp	5.0%+1.1pp	3.9%
Current Ratio	0.860.0x	0.85-0.1x	0.94-0.7x	1.67+0.4x	1.32+0.2x	1.10+0.2x	0.90-0.6x	1.480.0x	1.51-0.9x	2.42+0.6x	1.770.0x	1.80-0.1x	1.910.0x	1.94-0.2x	2.11
Debt-to-Equity	0.250.0x	0.260.0x	0.23+0.1x	0.16-0.1x	0.23+0.1x	0.09-0.4x	0.46+0.4x	0.070.0x	0.07-0.3x	0.37-0.5x	0.87-0.4x	1.28-2.7x	4.02-0.2x	4.25-5.6x	9.86
Asset Turnover	0.620.0x	0.580.0x	0.55-0.1x	0.68+0.1x	0.560.0x	0.550.0x	0.58-0.1x	0.68+0.4x	0.32-0.7x	1.04+0.6x	0.41-1.1x	1.490.0x	1.470.0x	1.420.0x	1.43
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	0.2%-2.2pp	2.4%+5.0pp	-2.7%-10.6pp	8.0%+9.3pp	-1.3%-3.4pp	2.1%-1.7pp	3.8%+0.4pp	3.3%+0.9pp	2.4%

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Margin	1.5%-2.1pp	1.4%-2.7pp	2.6%-1.7pp	3.9%+0.5pp	3.6%+2.5pp	4.2%+3.2pp	4.3%+0.3pp	3.4%-2.6pp
Net Margin	-0.1%-1.7pp	-0.4%-4.1pp	0.4%-1.2pp	1.8%+0.7pp	1.7%+1.8pp	3.7%+4.3pp	1.6%-1.4pp	1.1%-3.0pp
Return on Equity	0.0%-0.4pp	-0.1%-1.1pp	0.1%-0.3pp	0.5%+0.2pp	0.4%+0.5pp	1.0%+1.1pp	0.4%-0.4pp	0.3%-0.6pp
Return on Assets	0.0%-0.2pp	-0.1%-0.6pp	0.1%-0.2pp	0.3%+0.1pp	0.2%+0.3pp	0.5%+0.6pp	0.2%-0.2pp	0.2%-0.4pp
Current Ratio	0.70-0.2x	0.860.0x	1.33+0.3x	0.890.0x	0.880.0x	0.85-0.1x	1.010.0x	0.88-1.1x
Debt-to-Equity	0.250.0x	0.250.0x	0.260.0x	0.260.0x	0.260.0x	0.260.0x	0.260.0x	0.230.0x
Asset Turnover	0.150.0x	0.160.0x	0.150.0x	0.150.0x	0.140.0x	0.150.0x	0.150.0x	0.150.0x

Not reported in any period shown, so not listed: Gross Margin, FCF Margin.

Note: The current ratio is below 1.0 (0.86), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Knight-Swift Transportation Holdings Inc. KNX	FY2025	$7.5B	$65.9M	0.9%	$10.5B	29/100
Saia, Inc. SAIA	FY2025	$3.2B	$255.0M	7.9%	$9.0B	58/100
Schneider National, Inc. SNDR	FY2025	$5.7B	$103.6M	1.8%	$5.5B	51/100
TFI International Inc. TFII	FY2025	$7.9B	$310.6M	3.9%	$9.4B	33/100
RXO, Inc. RXO	FY2025	$5.7B	-$100.0M	-1.7%	$4.8B	33/100
XPO, Inc. XPO	FY2025	$8.2B	$316.0M	3.9%	$21.5B	39/100

Where Knight-Swift Transportation Holdings Inc. Ranks

Frequently Asked Questions

What is Knight-Swift Transportation Holdings Inc.'s annual revenue?

Knight-Swift Transportation Holdings Inc. (KNX) reported $7.5B in total revenue for fiscal year 2025. This represents a 0.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Knight-Swift Transportation Holdings Inc.'s revenue growing?

Knight-Swift Transportation Holdings Inc. (KNX) revenue grew by 0.8% year-over-year, from $7.4B to $7.5B in fiscal year 2025.

Is Knight-Swift Transportation Holdings Inc. profitable?

Yes, Knight-Swift Transportation Holdings Inc. (KNX) reported a net income of $65.9M in fiscal year 2025, with a net profit margin of 0.9%.

What is Knight-Swift Transportation Holdings Inc.'s EBITDA?

Knight-Swift Transportation Holdings Inc. (KNX) had EBITDA of $1.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Knight-Swift Transportation Holdings Inc. have?

As of fiscal year 2025, Knight-Swift Transportation Holdings Inc. (KNX) had $220.4M in cash and equivalents against $1.7B in long-term debt.

What is Knight-Swift Transportation Holdings Inc.'s operating margin?

Knight-Swift Transportation Holdings Inc. (KNX) had an operating margin of 2.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Knight-Swift Transportation Holdings Inc.'s net profit margin?

Knight-Swift Transportation Holdings Inc. (KNX) had a net profit margin of 0.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Knight-Swift Transportation Holdings Inc. pay dividends?

Yes, Knight-Swift Transportation Holdings Inc. (KNX) paid $0.72 per share in dividends during fiscal year 2025.

What is Knight-Swift Transportation Holdings Inc.'s return on equity (ROE)?

Knight-Swift Transportation Holdings Inc. (KNX) has a return on equity of 0.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Knight-Swift Transportation Holdings Inc.'s operating cash flow?

Knight-Swift Transportation Holdings Inc. (KNX) generated $1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Knight-Swift Transportation Holdings Inc.'s total assets?

Knight-Swift Transportation Holdings Inc. (KNX) had $12.0B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Knight-Swift Transportation Holdings Inc. have outstanding?

Knight-Swift Transportation Holdings Inc. (KNX) had 162M shares outstanding as of fiscal year 2025.

What is Knight-Swift Transportation Holdings Inc.'s current ratio?

Knight-Swift Transportation Holdings Inc. (KNX) had a current ratio of 0.86 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Knight-Swift Transportation Holdings Inc.'s debt-to-equity ratio?

Knight-Swift Transportation Holdings Inc. (KNX) had a debt-to-equity ratio of 0.25 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Knight-Swift Transportation Holdings Inc.'s return on assets (ROA)?

Knight-Swift Transportation Holdings Inc. (KNX) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Knight-Swift Transportation Holdings Inc.'s P/E ratio?

Knight-Swift Transportation Holdings Inc. (KNX) trades at 309x earnings, its market capitalization divided by net income of $34.0M net income, trailing 12 months to March 31, 2026. The market capitalization is $10.5B as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Knight-Swift Transportation Holdings Inc.'s price-to-sales ratio?

Knight-Swift Transportation Holdings Inc. (KNX) trades at 1.4x sales, its market capitalization divided by revenue of $7.5B revenue, trailing 12 months to March 31, 2026. The market capitalization is $10.5B as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Knight-Swift Transportation Holdings Inc.'s Altman Z-Score?

Knight-Swift Transportation Holdings Inc. (KNX) has an Altman Z-Score of 2.27, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Knight-Swift Transportation Holdings Inc.'s Piotroski F-Score?

Knight-Swift Transportation Holdings Inc. (KNX) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Knight-Swift Transportation Holdings Inc.'s earnings high quality?

Knight-Swift Transportation Holdings Inc. (KNX) has an earnings quality ratio of 19.21x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Knight-Swift Transportation Holdings Inc. cover its interest payments?

Knight-Swift Transportation Holdings Inc. (KNX) has an interest coverage ratio of 1.34x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Knight-Swift Transportation Holdings Inc.?

Knight-Swift Transportation Holdings Inc. (KNX) scores 29 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.