Knight-Swift Transportation Holdings IncKnight-Swift Transportation Holdings Inc
Knight-Swift Transportation Holdings Inc

Knight-Swift Transportation Holdings Inc

KNX
Industrials·Ground Transportation

Knight-Swift Transportation Holdings, Inc. engages in the provision of multiple truckload transportation and logistics services. It operates through the following segments: Truckload, LTL, Logistics, and Intermodal. The Truckload segment includes irregular routes and dedicated, refrigerated, expedited, flatbed, and cross-border transportation of various products, goods, and materials. The LTL segment offers regional direct service and serves customers' national transportation needs by utilizing key partner carriers for coverage areas outside of network. The Logistics segment focuses on a multitude of shipping solutions, including additional sources of truckload capacity and alternative transportation modes, by utilizing a vast network of third-party capacity providers and rail providers, as well as certain logistics and freight management services. The Intermodal segment is involved in the regional operating model, while also allowing to better serve customers in longer haul lanes and reduce investment in fixed assets. The company was founded in 1966 and is headquartered in Phoenix, AZ.

Arizona; U.S.A
Market cap
No dataNo data
Revenue
$7.5B+0.8% YoY
Net income
$65.9M−43.9% YoY
Free cash flow
$471.3M+2446.1% YoY

Market

Listed stock
KNXPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$7.5B+0.8% YoY
Operating income
$216.1M−11.2% YoY
Net income
$65.9M−43.9% YoY
Free cash flow
$471.3M+2446.1% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $6B, 2022 $7.4B, 2023 $7.1B, 2024 $7.4B, 2025 $7.5B. Operating income: 2021 $965.7M, 2022 $1.1B, 2023 $338.2M, 2024 $243.4M, 2025 $216.1M. Net income: 2021 $743.4M, 2022 $771.3M, 2023 $217.1M, 2024 $117.6M, 2025 $65.9M. Free cash flow: 2021 $656.1M, 2022 $635.3M, 2023 $90.1M, 2024 $-20.1M, 2025 $471.3M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
0.8%−295 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $965.7M, 2022-12-31 $1.1B, 2023-12-31 $338.2M, 2024-12-31 $243.4M, 2025-12-31 $216.1M. Net income: 2021-12-31 $743.4M, 2022-12-31 $771.3M, 2023-12-31 $217.1M, 2024-12-31 $117.6M, 2025-12-31 $65.9M. Free cash flow: 2021-12-31 $656.1M, 2022-12-31 $635.3M, 2023-12-31 $90.1M, 2024-12-31 $-20.1M, 2025-12-31 $471.3M

Growth heatmap

2022202320242025CAGR
Revenue
+23.9%
-3.9%
+3.8%
+0.8%
+5.6%
Gross profit
+9.2%
-8.7%
+7.6%
+2.1%
+2.3%
Operating income
+13.1%
-69.0%
-28.0%
-11.2%
-31.2%
Free cash flow
-3.2%
-85.8%
-122.3%
+2446.1%
-7.9%

Earnings quality

Operating cash flow
$1.3B+58.5% YoY
Net income
$65.9M−43.9% YoY
Free cash flow
$471.3M+2446.1% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 1921%, 2024-12-31 679%, 2023-12-31 535%, 2022-12-31 186%, 2021-12-31 160%. Free cash flow: 2025-12-31 715%, 2024-12-31 -17%, 2023-12-31 41%, 2022-12-31 82%, 2021-12-31 88%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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No data
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Price to sales
No data
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EV / EBITDA
No data
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Free cash flow yield
No data
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