Schneider National, Inc. SNDR
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 at the front of this document. References to "Notes" are to the notes to consolidated financial statements included in this Annual Report on Form 10-K.
Schneider National, Inc. and its subsidiaries (collectively "Schneider," the "Company," "we," "us," or "our") are among North America's leading providers of multimodal transportation and logistics solutions. Our comprehensive and diverse portfolio spans truckload, intermodal, and logistics services, delivering flexible options to meet the needs of a broad customer base across the U.S., Canada, and Mexico. Leveraging advanced technologies, including agentic AI, data science, and predictive analytics, we create innovative, data-driven solutions designed to ensure the safe, efficient, and timely movement of goods. Founded in 1935 and publicly traded on the NYSE under the ticker symbol "SNDR," Schneider continues to drive industry leadership through scale, innovation, and operational excellence. In July 2024, we were added to the S&P SmallCap 600 Index.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.67B | $5.29B | $5.50B | $6.60B | $5.61B | $4.55B | $4.75B | $4.98B | $4.38B | $4.05B |
| Cost of revenue | — | — | — | — | — | — | $2.00B | $1.97B | $1.61B | $1.47B |
| Gross profit | — | — | — | — | — | — | $2.75B | $3.01B | $2.78B | $2.58B |
| Total operating expenses | $5.51B | $5.13B | $5.20B | $6.00B | $5.08B | $4.27B | $4.54B | $4.60B | $4.10B | $3.76B |
| Operating income | $168.9M | $165.2M | $296.4M | $600.4M | $533.7M | $286.7M | $207.8M | $375.8M | $280.3M | $290.4M |
| Interest expense | $33.8M | $16.6M | $14.2M | $9.6M | $12.5M | $13.6M | $16.6M | $17.1M | $19.4M | $21.4M |
| Pre-tax income | $138.0M | $152.2M | $306.1M | $604.0M | $542.0M | $282.9M | $198.1M | $364.6M | $263.4M | $265.6M |
| Income tax | $34.4M | $35.2M | $67.6M | $146.2M | $136.6M | $71.2M | $51.1M | $95.7M | $126.5M | $108.7M |
| Net income | $103.6M | $117.0M | $238.5M | $457.8M | $405.4M | $211.7M | $147.0M | $268.9M | $389.9M | $156.9M |
| EPS, basic | 0.59 | 0.67 | 1.35 | 2.57 | 2.28 | 1.19 | 0.83 | 1.52 | 2.28 | 1.00 |
| EPS, diluted | 0.59 | 0.66 | 1.34 | 2.56 | 2.28 | 1.19 | 0.83 | 1.52 | 2.28 | 1.00 |
| Shares, diluted (wtd. avg.) | 175.9M | 176.1M | 178.2M | 178.8M | 178.1M | 177.6M | 177.3M | 177.2M | 171.3M | 156.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $201.5M | $117.6M | $102.4M | $385.7M | $244.8M | $395.5M | $551.6M | $378.7M | $238.5M | $130.8M |
| Short-term investments | $41.8M | $47.9M | $57.2M | $45.9M | $49.3M | $47.1M | $48.3M | $51.3M | $41.6M | $52.5M |
| Receivables | $578.3M | $600.0M | $575.7M | $643.7M | $705.4M | $537.7M | $465.8M | $593.1M | $527.9M | $444.0M |
| Inventory | $99.8M | $89.8M | $117.9M | $53.0M | $27.4M | $44.9M | $71.9M | $60.8M | $83.1M | $74.1M |
| Total current assets | $1.18B | $1.12B | $1.11B | $1.35B | $1.25B | $1.22B | $1.41B | $1.32B | $1.09B | $923.6M |
| Property, plant and equipment | $2.72B | $2.87B | $2.58B | $2.28B | $2.05B | $1.83B | $1.85B | $1.92B | $1.86B | $1.76B |
| Goodwill | $337.4M | $377.9M | $331.7M | $228.2M | $240.5M | $128.1M | $127.5M | $162.2M | $164.8M | $164.0M |
| Other intangibles | $73.0M | $51.1M | $56.1M | $9.0M | — | — | $0 | $7.2M | $8.7M | — |
| Total assets | $4.84B | $4.93B | $4.56B | $4.32B | $3.94B | $3.52B | $3.66B | $3.62B | $3.33B | $3.05B |
| Short-term debt | $8.6M | $98.7M | $100.0M | $70.0M | — | — | $55.0M | $45.0M | $15.2M | $254.4M |
| Total current liabilities | $555.8M | $704.5M | $606.2M | $636.9M | $690.2M | $534.6M | $465.2M | $522.6M | $462.0M | $677.3M |
| Long-term debt | $388.4M | $416.3M | $190.0M | $135.0M | — | $305.0M | $360.0M | $359.4M | $413.7M | $428.8M |
| Total liabilities | $1.82B | $1.95B | $1.60B | $1.48B | $1.51B | $1.46B | $1.42B | $1.49B | — | — |
| Retained earnings | $1.52B | $1.48B | $1.43B | $1.26B | $857.8M | $502.5M | $693.6M | $589.3M | $355.6M | $0 |
| Total equity | $3.02B | $2.99B | $2.96B | $2.84B | $2.42B | $2.06B | $2.24B | $2.13B | $1.89B | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $637.4M | $686.1M | $680.0M | $856.4M | $566.1M | $618.2M | $636.3M | $566.5M | $461.3M | $455.3M |
| Stock-based compensation | $17.1M | $12.6M | $15.8M | $16.5M | $14.4M | $8.9M | -$3.6M | $22.8M | $17.0M | $18.3M |
| Capital expenditure | $352.0M | $414.0M | $660.1M | $535.1M | $399.4M | $274.8M | $335.3M | $385.1M | $388.5M | $422.1M |
| Investing cash flow | -$346.2M | -$791.5M | -$907.6M | -$598.8M | -$626.4M | -$318.7M | -$350.2M | -$337.6M | -$390.5M | -$513.3M |
| Financing cash flow | -$207.3M | $120.6M | -$55.7M | -$116.7M | -$90.4M | -$455.6M | -$113.2M | -$88.7M | $36.9M | $28.1M |
| Dividends paid | $67.0M | $66.6M | $63.6M | $55.7M | $49.6M | $400.0M | $42.5M | $40.7M | $25.5M | $31.3M |
| Buybacks | $14.6M | $29.5M | $66.9M | $0 | $0 | — | — | — | — | — |
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 0001692063-26-000013.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.05B | $4.38B | $4.98B | $4.75B | $4.55B | $5.61B | $6.60B | $5.50B | $5.29B | $5.67B |
| Gross profit | $2.58B | $2.78B | $3.01B | $2.75B | — | — | — | — | — | — |
| Net income | $156.9M | $389.9M | $268.9M | $147.0M | $211.7M | $405.4M | $457.8M | $238.5M | $117.0M | $103.6M |
Recent filings and events
- 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
- 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
- Officer or director change Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change 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
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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