Knight-Swift Transportation Holdings Inc. KNX

Industrials SIC 4213 - Trucking (No Local) NAICS Transportation and Warehousing › Truck Transportation derived NYSE

Certain acronyms and terms used throughout this Annual Report are specific to our company, commonly used in our industry, or are otherwise frequently used throughout our document. Definitions for these acronyms and terms are provided in the "Glossary of Terms," available in the front of this document.

Knight-Swift Transportation Holdings Inc. is one of North America's largest and most diversified freight transportation companies, providing multiple full truckload, LTL, intermodal, and other complementary services. Our objective is to operate our business with industry-leading margins, continued organic growth and growth through acquisitions while providing safe, high-quality, cost-effective solutions for our customers. Knight-Swift uses a nationwide network of business units and terminals in the US and Mexico to serve customers throughout North America. In addition to operating one of the country's largest truckload fleets, Knight-Swift also contracts with third-party carriers to provide a broad range of transportation services to our customers while creating quality driving jobs for our driving associates and successful business opportunities for independent contractors.

Last close 61.21 2026-10-23
Market cap $9.95B 2026-03-31 share count
52-week range 41.23 - 82.86

Valuation FY2025 figures against the last close

P/S1.3x
P/E149.3x
P/FCF7.9x
EV/EBITDA11.4x
Dividend yield1.2%
Diluted EPS0.41

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $7.47B$7.41B$7.14B$7.43B$6.00B$4.67B$4.84B$5.34B$2.43B$1.12B
Total operating expenses $7.25B$7.17B$6.80B$6.34B$5.03B$4.11B$4.42B$4.78B$2.22B$969.6M
Operating income $216.1M$243.4M$338.2M$1.09B$965.7M$564.4M$427.4M$569.0M$200.6M$148.5M
Interest expense $161.8M$171.2M$127.1M$50.8M$21.1M$17.3M$29.4M$30.2M$8.7M$897.0K
Pre-tax income $95.3M$149.0M$270.3M$1.02B$974.6M$560.3M$414.0M$552.0M$193.7M$152.8M
Income tax $29.8M$33.0M$54.8M$249.4M$230.9M$149.7M$103.8M$131.4M$291.7M$57.6M
Net income $65.9M$117.6M$217.1M$771.3M$743.4M$410.0M$309.2M$419.3M$484.3M$93.9M
EPS, basic 0.410.731.354.754.482.421.802.374.381.17
EPS, diluted 0.410.731.344.734.452.401.802.364.341.16
Shares, diluted (wtd. avg.) 162.6M162.2M161.8M163.2M167.1M170.5M172.1M178.0M111.7M81.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $220.4M$218.3M$168.5M$385.3M$350.0M$197.3M$202.2M$131.0M$151.7M$9.4M
Receivables $305.3M$803.7M$888.6M$842.3M$911.3M$578.5M$518.5M$601.2M$574.3M$133.8M
Total current assets $887.5M$1.45B$1.71B$1.49B$1.41B$923.4M$890.0M$907.2M$923.2M$190.2M
Property, plant and equipment $4.72B$4.70B$4.62B$3.84B$3.56B$2.99B$2.85B$2.61B$2.38B$802.9M
Goodwill $3.93B$3.96B$3.85B$3.52B$3.52B$2.92B$2.92B$2.92B$2.89B$47.0M
Other intangibles $1.94B$2.06B$2.06B$1.78B$1.83B$1.39B$1.38B$1.42B$1.44B$2.6M
Total assets $11.96B$12.70B$12.87B$10.95B$10.66B$8.47B$8.28B$7.91B$7.68B$1.08B
Accounts payable $200.8M$329.7M$355.2M$220.8M$224.8M$101.0M$99.2M$117.9M$119.9M$18.0M
Short-term debt ——————$364.8M$421.0K$30.0K$0
Total current liabilities $1.03B$1.71B$1.83B$894.0M$1.07B$839.7M$993.0M$614.6M$609.5M$78.7M
Long-term debt $1.74B$1.83B$1.63B$1.08B$1.51B$508.9M$643.8M$364.6M$364.8M$0
Total liabilities $4.86B$5.58B$5.77B$4.00B$4.11B$2.60B$2.61B$2.45B$2.44B$289.8M
Retained earnings $2.60B$2.66B$2.66B$2.55B$2.18B$1.57B$1.40B$1.22B$1.02B$562.4M
Total equity $7.08B$7.11B$7.10B$6.96B$6.54B$5.87B$5.67B$5.46B$5.24B$788.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.27B$799.1M$1.16B$1.44B$1.19B$919.6M$839.6M$882.0M$322.6M$243.8M
Depreciation and amortisation $788.1M$792.8M$735.1M$659.8M$577.9M$506.7M$463.0M$430.1M$207.1M$116.2M
Stock-based compensation ————————$6.2M$4.0M
Capital expenditure ——————$830.0M$756.0M$387.2M$154.6M
Investing cash flow -$520.4M-$759.1M-$1.23B-$646.2M-$1.82B-$480.7M-$583.7M-$647.3M-$204.3M-$101.1M
Financing cash flow -$807.7M-$139.4M$150.7M-$754.3M$779.3M-$443.9M-$184.6M-$255.4M$24.0M-$143.0M
Dividends paid $117.4M$104.2M$91.1M$78.3M$63.5M$54.6M$41.4M$42.8M$25.5M$19.6M
Buybacks —$0$0$299.9M$57.2M$179.6M$86.9M$179.3M$0$39.9M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001492691-26-000016.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B 8B Revenue, FY2016: 1.1B Net income, FY2016: 93.9M Revenue, FY2017: 2.4B Net income, FY2017: 484.3M Revenue, FY2018: 5.3B Net income, FY2018: 419.3M Revenue, FY2019: 4.8B Net income, FY2019: 309.2M Revenue, FY2020: 4.7B Net income, FY2020: 410M Revenue, FY2021: 6B Net income, FY2021: 743.4M Revenue, FY2022: 7.4B Net income, FY2022: 771.3M Revenue, FY2023: 7.1B Net income, FY2023: 217.1M Revenue, FY2024: 7.4B Net income, FY2024: 117.6M Revenue, FY2025: 7.5B Net income, FY2025: 65.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.12B $2.43B $5.34B $4.84B $4.67B $6.00B $7.43B $7.14B $7.41B $7.47B
Gross profit — — — — — — — — — —
Net income $93.9M $484.3M $419.3M $309.2M $410.0M $743.4M $771.3M $217.1M $117.6M $65.9M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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