NYSE : KNX
Knight-Swift Transportation Holdings Inc. — Financial statements
Industrials · Trucking · United States
Last price 60.77 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 9.89B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Knight-Swift Transportation Holdings Inc. (KNX) reported revenue of 8.00B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 6.92B | 6.69B | 6.61B | 6.31B | 6.51B | 5.53B |
| Other Revenue | 1.08B | 777.61M | 798.12M | 833.60M | 920.42M | 466.13M |
| Revenue | 8.00B | 7.47B | 7.41B | 7.14B | 7.43B | 6.00B |
| Cost of Revenue | 6.04B | 5.67B | 5.61B | 5.18B | 5.02B | 4.03B |
| Gross Profit | 1.96B | 1.80B | 1.80B | 1.96B | 2.41B | 1.97B |
| Selling, General & Admin | 401.92M | 385.11M | 415.65M | 609.54M | 455.92M | 275.38M |
| Amortization of Goodwill & Intangibles | 75.47M | 76.98M | 75.28M | 70.14M | 64.84M | 55.30M |
| Other Operating Expenses | 433.39M | 378.03M | 357.73M | 338.97M | 295.24M | 223.48M |
| Operating Expenses | 1.62B | 1.55B | 1.57B | 1.68B | 1.41B | 1.08B |
| Operating Income | 336.47M | 253.42M | 237.47M | 275.74M | 999.75M | 891.20M |
| Interest Expense | -111.93M | -161.79M | -171.16M | -127.10M | -50.80M | -21.14M |
| Interest & Investment Income | 7.68M | 10.91M | 16.56M | 21.58M | 5.44M | 1.17M |
| Other Non Operating Income (Expenses) | 5.01M | 23.04M | 120.53M | 35.56M | 26.32M | 28.91M |
| EBT Excluding Unusual Items | 237.23M | 125.57M | 203.40M | 205.78M | 980.70M | 900.13M |
| Merger & Restructuring Charges | -8.23M | -602.00K | ||||
| Gain (Loss) on Sale of Investments | 613.00K | 910.00K | -23.65M | 2.10M | -52.27M | |
| Gain (Loss) on Sale of Assets | 70.60M | 71.40M | 34.45M | 64.65M | 92.89M | 74.80M |
| Asset Writedown | -53.77M | -98.31M | -19.01M | -2.24M | -810.00K | -299.00K |
| Legal Settlements | -2.97M | -1.24M | -2.56M | |||
| Other Unusual Items | -25.82M | -3.00M | -42.98M | |||
| Pretax Income | 217.66M | 95.32M | 149.05M | 270.29M | 1.02B | 974.63M |
| Income Tax Expense | 64.80M | 29.77M | 32.96M | 54.77M | 249.39M | 230.89M |
| Earnings From Continuing Operations | 152.87M | 65.55M | 116.09M | 215.52M | 771.12M | 743.75M |
| Minority Interest in Earnings | 476.00K | 392.00K | 1.54M | 1.63M | 207.00K | -360.00K |
| Net Income | 153.34M | 65.95M | 117.63M | 217.15M | 771.33M | 743.39M |
| Net Income to Common | 153.34M | 65.95M | 117.63M | 217.15M | 771.33M | 743.39M |
| Shares Outstanding (Basic) | 162.53M | 162.19M | 161.74M | 161.19M | 162.26M | 165.86M |
| Shares Outstanding (Diluted) | 163.14M | 162.61M | 162.17M | 161.83M | 163.21M | 167.06M |
| EPS (Basic) | 0.94 | 0.41 | 0.73 | 1.35 | 4.75 | 4.48 |
| EPS (Diluted) | 0.94 | 0.41 | 0.73 | 1.34 | 4.73 | 4.45 |
| Free Cash Flow | 752.32M | 459.76M | -20.52M | 89.23M | 634.75M | 654.69M |
| Free Cash Flow Per Share | 4.61 | 2.83 | -0.13 | 0.55 | 3.89 | 3.92 |
| Dividend Per Share | 0.78 | 0.72 | 0.64 | 0.56 | 0.48 | 0.38 |
| Gross Margin | 24.50% | 24.16% | 24.34% | 27.43% | 32.45% | 32.81% |
| Operating Margin | 4.20% | 3.39% | 3.21% | 3.86% | 13.46% | 14.86% |
| Profit Margin | 1.92% | 0.88% | 1.59% | 3.04% | 10.38% | 12.39% |
| Free Cash Flow Margin | 9.40% | 6.16% | -0.28% | 1.25% | 8.54% | 10.91% |
| EBITDA | 1.13B | 1.04B | 1.03B | 1.01B | 1.66B | 1.47B |
| EBITDA Margin | 14.06% | 13.94% | 13.90% | 14.15% | 22.34% | 24.49% |
| D&A For EBITDA | 788.65M | 788.05M | 792.80M | 735.10M | 659.82M | 577.89M |
| EBIT | 336.47M | 253.42M | 237.47M | 275.74M | 999.75M | 891.20M |
| EBIT Margin | 4.20% | 3.39% | 3.21% | 3.86% | 13.46% | 14.86% |
| Effective Tax Rate | 29.77% | 31.23% | 22.11% | 20.26% | 24.44% | 23.69% |
| Revenue as Reported | 8.00B | 7.47B | 7.41B | 7.14B | 7.43B | 6.00B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 254.16M | 220.42M | 218.26M | 168.54M | 196.77M | 261.00M |
| Cash & Short-Term Investments | 254.16M | 220.42M | 218.26M | 168.54M | 196.77M | 261.00M |
| Accounts Receivable | 496.93M | 314.97M | 810.93M | 900.85M | 858.15M | 934.27M |
| Other Receivables | 43.17M | 45.90M | 37.26M | 65.81M | 58.97M | 909.00K |
| Receivables | 540.10M | 360.86M | 848.19M | 966.66M | 925.25M | 937.03M |
| Prepaid Expenses | 105.26M | 113.98M | 123.09M | 148.70M | 108.08M | 90.51M |
| Restricted Cash | 63.87M | 82.38M | 147.68M | 297.27M | 185.79M | 87.24M |
| Other Current Assets | 75.72M | 109.88M | 111.51M | 127.83M | 77.68M | 38.50M |
| Total Current Assets | 1.04B | 887.53M | 1.45B | 1.71B | 1.49B | 1.41B |
| Property, Plant & Equipment | 5.12B | 5.03B | 5.08B | 5.10B | 4.03B | 3.70B |
| Long-Term Investments | 119.02M | 112.04M | 104.64M | 102.25M | 104.55M | 149.97M |
| Goodwill | 3.93B | 3.93B | 3.96B | 3.85B | 3.52B | 3.52B |
| Other Intangible Assets | 1.88B | 1.94B | 2.06B | 2.06B | 1.78B | 1.83B |
| Other Long-Term Assets | 44.51M | 53.13M | 49.74M | 50.60M | 15.37M | 17.26M |
| Total Assets | 12.14B | 11.96B | 12.70B | 12.87B | 10.95B | 10.66B |
| Accounts Payable | 318.33M | 200.84M | 329.70M | 355.17M | 220.85M | 224.84M |
| Accrued Expenses | 555.03M | 502.83M | 508.93M | 731.33M | 564.73M | 523.53M |
| Current Portion of Long-Term Debt | 51.71M | 90.22M | 607.28M | 338.06M | 12.79M | 212.42M |
| Current Portion of Leases | 212.48M | 231.72M | 260.85M | 266.62M | 95.63M | 85.33M |
| Other Current Liabilities | 5.20M | 5.60M | 134.11M | 28.70M | ||
| Total Current Liabilities | 1.14B | 1.03B | 1.71B | 1.83B | 894.01M | 1.07B |
| Long-Term Debt | 1.65B | 1.65B | 1.68B | 1.82B | 1.49B | 1.58B |
| Long-Term Leases | 694.81M | 709.83M | 731.85M | 778.56M | 494.37M | 363.78M |
| Pension & Post-Retirement Benefits | 1.23M | 1.24M | 847.00K | 854.00K | 973.00K | |
| Long-Term Deferred Tax Liabilities | 931.30M | 904.08M | 919.81M | 951.75M | 907.89M | 874.88M |
| Other Long-Term Liabilities | 642.50M | 563.43M | 544.76M | 393.71M | 213.03M | 221.57M |
| Total Liabilities | 5.06B | 4.86B | 5.58B | 5.77B | 4.00B | 4.11B |
| Common Stock | 1.63M | 1.62M | 1.62M | 1.61M | 1.61M | 1.66M |
| Additional Paid-In Capital | 4.42B | 4.48B | 4.45B | 4.43B | 4.39B | 4.35B |
| Retained Earnings | 2.65B | 2.60B | 2.66B | 2.66B | 2.55B | 2.18B |
| Comprehensive Income & Other | -273.00K | -716.00K | -442.00K | -830.00K | -2.44M | -563.00K |
| Total Common Equity | 7.07B | 7.08B | 7.11B | 7.09B | 6.95B | 6.53B |
| Minority Interest | 9.57M | 9.41M | 7.84M | 16.69M | 10.28M | 10.30M |
| Shareholders' Equity | 7.08B | 7.09B | 7.12B | 7.10B | 6.96B | 6.54B |
| Total Liabilities & Equity | 12.14B | 11.96B | 12.70B | 12.87B | 10.95B | 10.66B |
| Total Debt | 2.61B | 2.69B | 3.28B | 3.20B | 2.09B | 2.24B |
| Net Cash (Debt) | -2.35B | -2.47B | -3.06B | -3.03B | -1.89B | -1.98B |
| Net Cash Per Share | -14.42 | -15.16 | -18.86 | -18.73 | -11.59 | -11.83 |
| Filing Date Shares Outstanding | 162.78M | 162.43M | 161.98M | 161.49M | 160.94M | 166.19M |
| Total Common Shares Outstanding | 162.76M | 162.34M | 161.90M | 161.38M | 160.71M | 165.98M |
| Working Capital | -103.65M | -143.68M | -258.01M | -116.27M | 599.57M | 339.46M |
| Book Value Per Share | 43.46 | 43.63 | 43.91 | 43.92 | 43.22 | 39.36 |
| Tangible Book Value | 1.26B | 1.21B | 1.09B | 1.18B | 1.65B | 1.19B |
| Tangible Book Value Per Share | 7.74 | 7.47 | 6.73 | 7.31 | 10.26 | 7.15 |
| Land | 456.19M | 460.63M | 426.63M | 376.55M | 326.73M | |
| Buildings | 1.02B | 976.35M | 861.19M | 726.42M | 639.99M | |
| Machinery | 5.86B | 5.63B | 5.40B | 4.62B | 4.14B | |
| Leasehold Improvements | 42.16M | 39.19M | 37.23M | 16.59M | 13.91M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 153.34M | 65.95M | 117.63M | 217.15M | 771.33M | 743.39M |
| Depreciation & Amortization | 788.65M | 788.05M | 792.80M | 735.10M | 659.82M | 577.89M |
| Loss (Gain) From Sale of Assets | -70.62M | -71.44M | -34.45M | -64.65M | -92.89M | -74.80M |
| Asset Writedown & Restructuring Costs | 53.77M | 98.31M | 19.01M | 2.24M | 810.00K | 299.00K |
| Loss (Gain) From Sale of Investments | -613.00K | -910.00K | 11.55M | -2.10M | 52.27M | -3.93M |
| Other Operating Activities | 228.66M | 182.91M | 126.20M | 192.99M | 119.22M | 117.69M |
| Change in Accounts Receivable | 368.72M | 486.29M | 78.00M | 155.10M | 58.71M | -214.57M |
| Change in Accounts Payable | 7.84M | -130.29M | 14.82M | 12.63M | -24.77M | 73.37M |
| Change in Income Taxes | 36.20M | -8.63M | 28.55M | -6.84M | -58.06M | 2.53M |
| Change in Other Net Operating Assets | -42.85M | -143.58M | -355.07M | -79.94M | -50.58M | -31.72M |
| Operating Cash Flow | 1.52B | 1.27B | 799.06M | 1.16B | 1.44B | 1.19B |
| Capital Expenditures | -770.78M | -806.88M | -819.59M | -1.07B | -801.11M | -535.46M |
| Sale of Property, Plant & Equipment | 247.81M | 291.97M | 253.92M | 292.63M | 183.42M | 252.08M |
| Cash Acquisitions | -185.49M | -458.29M | -31.29M | -1.50B | ||
| Other Investing Activities | -773.00K | -5.48M | -7.97M | 10.08M | 2.79M | -37.14M |
| Investing Cash Flow | -523.74M | -520.39M | -759.12M | -1.23B | -646.18M | -1.82B |
| Long-Term Debt Issued | 2.00B | 730.80M | 913.00M | 472.50M | 1.33B | |
| Long-Term Debt Repaid | -2.69B | -758.68M | -651.22M | -824.33M | -424.89M | |
| Net Debt Issued (Repaid) | -737.28M | -687.54M | -27.88M | 261.78M | -351.83M | 905.11M |
| Issuance of Common Stock | 5.13M | 5.44M | 5.33M | 5.21M | 7.43M | 9.28M |
| Repurchase of Common Stock | -299.94M | -57.17M | ||||
| Common Dividends Paid | -127.61M | -117.44M | -104.15M | -91.15M | -78.30M | -63.53M |
| Other Financing Activities | -121.58M | -8.20M | -12.69M | -25.15M | -31.70M | -14.36M |
| Financing Cash Flow | -981.34M | -807.74M | -139.40M | 150.69M | -754.35M | 779.33M |
| Net Cash Flow | 18.02M | -61.49M | -99.46M | 84.34M | 35.32M | 152.75M |
| Free Cash Flow | 752.32M | 459.76M | -20.52M | 89.23M | 634.75M | 654.69M |
| Free Cash Flow Margin | 9.40% | 6.16% | -0.28% | 1.25% | 8.54% | 10.91% |
| Free Cash Flow Per Share | 4.61 | 2.83 | -0.13 | 0.55 | 3.89 | 3.92 |
| Levered Free Cash Flow | 763.49M | 501.01M | -33.77M | -25.16M | 350.72M | 479.09M |
| Unlevered Free Cash Flow | 833.45M | 602.13M | 73.20M | 54.27M | 382.47M | 492.31M |
| Cash Interest Paid | 104.71M | 161.34M | 174.49M | 118.15M | 48.91M | 18.95M |
| Cash Income Tax Paid | 17.91M | 50.31M | 9.93M | 40.38M | 289.16M | 167.09M |
| Change in Working Capital | 369.91M | 203.78M | -233.69M | 80.95M | -74.71M | -170.39M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.13B | 8.49B | 8.59B | 9.30B | 8.42B | 10.11B |
| Enterprise Value | 12.48B | 11.52B | 11.80B | 12.34B | 10.27B | 12.06B |
| Last Close Price | 60.77 | 51.83 | 51.78 | 55.59 | 50.04 | 57.64 |
| PE Ratio | 66.14 | 128.70 | 73.00 | 42.84 | 10.92 | 13.61 |
| Forward PE | 16.55 | 29.59 | 30.86 | 23.05 | 12.15 | 12.16 |
| PS Ratio | 1.24 | 1.14 | 1.16 | 1.30 | 1.13 | 1.69 |
| PB Ratio | 1.40 | 1.20 | 1.21 | 1.31 | 1.21 | 1.55 |
| P/TBV Ratio | 7.86 | 7.00 | 7.88 | 7.89 | 5.11 | 8.52 |
| P/FCF Ratio | 13.15 | 18.46 | 104.25 | 13.27 | 15.45 | |
| P/OCF Ratio | 6.49 | 6.70 | 10.75 | 8.01 | 5.87 | 8.50 |
| PEG Ratio | 0.33 | 0.56 | 1.18 | 2.71 | 0.46 | 0.53 |
| EV/Sales Ratio | 1.53 | 1.54 | 1.59 | 1.73 | 1.38 | 2.01 |
| EV/EBITDA Ratio | 10.88 | 11.06 | 11.45 | 12.21 | 6.19 | 8.21 |
| EV/EBIT Ratio | 36.39 | 45.46 | 49.67 | 44.76 | 10.28 | 13.54 |
| EV/FCF Ratio | 16.28 | 25.06 | 138.31 | 16.18 | 18.43 | |
| Debt / Equity Ratio | 0.37 | 0.38 | 0.46 | 0.45 | 0.30 | 0.34 |
| Debt / EBITDA Ratio | 2.01 | 2.22 | 2.73 | 2.80 | 1.22 | 1.47 |
| Debt / FCF Ratio | 3.46 | 5.84 | 35.86 | 3.29 | 3.42 | |
| Net Debt / Equity Ratio | 0.33 | 0.35 | 0.43 | 0.43 | 0.27 | 0.30 |
| Net Debt / EBITDA Ratio | 2.09 | 2.37 | 2.97 | 3.00 | 1.14 | 1.34 |
| Net Debt / FCF Ratio | 3.13 | 5.36 | -149.04 | 33.97 | 2.98 | 3.02 |
| Asset Turnover | 0.65 | 0.61 | 0.58 | 0.60 | 0.69 | 0.63 |
| Quick Ratio | 0.69 | 0.56 | 0.62 | 0.62 | 1.25 | 1.11 |
| Current Ratio | 0.91 | 0.86 | 0.85 | 0.94 | 1.67 | 1.32 |
| Return on Equity (ROE) | 2.15% | 0.92% | 1.63% | 3.07% | 11.43% | 11.98% |
| Return on Assets (ROA) | 1.70% | 1.29% | 1.16% | 1.45% | 5.78% | 5.83% |
| Return on Invested Capital (ROIC) | 2.50% | 1.77% | 1.82% | 2.32% | 8.70% | 8.91% |
| Return on Capital Employed (ROCE) | 3.10% | 2.30% | 2.20% | 2.50% | 9.90% | 9.30% |
| Earnings Yield | 1.51% | 0.78% | 1.37% | 2.33% | 9.16% | 7.35% |
| FCF Yield | 7.61% | 5.42% | -0.24% | 0.96% | 7.54% | 6.47% |
| Dividend Yield | 1.29% | 1.38% | 1.21% | 0.97% | 0.92% | 0.62% |
| Payout Ratio | 85.02% | 178.08% | 88.55% | 41.98% | 10.15% | 8.55% |
| Buyback Yield / Dilution | -0.40% | -0.27% | -0.21% | 0.85% | 2.30% | 2.05% |
| Total Shareholder Return | 0.91% | 1.11% | 0.99% | 1.82% | 3.22% | 2.67% |