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MARKETS / NYSE / KNX
NYSE · TRUCKING (NO LOCAL) · LARGE CAP

Knight-Swift Transportation Holdings Inc. KNX

17 fiscal years on record · USD · FY2025 reported · SEC filings only
6 YEARS OF DIVIDEND GROWTH
$7.5B
▲ 0.8% YoY
$65.9M
▼ 43.9% YoY
In brief

What this company does

Knight-Swift Transportation Holdings Inc. provides full truckload, LTL, intermodal and other complementary freight transportation services. During 2025, it covered 1.8 billion loaded miles for shippers throughout North America, contributing to consolidated total revenue of $7.5 billion and consolidated operating income of $216.1 million. As of December 31, 2025, its full-time employee headcount totaled 37,100, comprised of 26,200 company driving associates, 1,600 technicians and other equipment maintenance personnel, and 9,300 corporate and terminal leadership and support personnel. Its four reportable segments are Truckload, LTL, Logistics and Intermodal. During 2025, the Truckload segment operated an average of 21,428 tractors, comprised of 19,395 company tractors and 2,033 independent contractor tractors, and 84,851 trailers. The Intermodal segment operated an average of 595 tractors and 12,539 intermodal containers. The company became Knight-Swift Transportation Holdings Inc. on September 8, 2017 through the 2017 Merger transaction, and since 1966 it has expanded its network, capacity and service offerings through organic growth and the acquisition of twenty-five companies.

Written from the business description in Knight-Swift Transportation Holdings Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth
USD 7.5B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 7.5 · Net income 0.1
2.5B5.0B200920112013201520172019202120232025
Compound annual growth
+0.2%
+9.8%
+20.2%
+6.4%
−55.9%
−30.6%
−5.5%
−55.7%
−29.8%
+14.5%
+17.6%
−32.1%
−12.1%
+7.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +9.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
1 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 2.9% · Net 0.9%
10%20%-5%-10%-15%200920112013201520172019202120232025
ROE
FY2025 · ROE 0.9%
5%10%15%200920112013201520172019202120232025

Each USD of equity produced 1 cents of profit this year.

Cash & shareholders
USD 117.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2019 · FCF 9.6
80M-40M-80M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 117.4 · Net buybacks —
200MDividendsNet buybacks2013201520172019202120232025

USD 117.4M in dividends — 178% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 12.0B
EquityUSD 7.1B
CashUSD 220.4M
Gross debtUSD 1.7B
Net debtUSD 1.5B
Current ratio0.86×

Net debt stands at 22% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B7.57.47.17.46.04.74.85.32.41.11.24.34.14.03.82.92.6
Operating income $B0.20.20.31.11.00.60.40.60.20.10.20.40.40.40.30.20.1
EBITDA $B1.01.01.11.81.51.10.91.00.40.30.30.60.60.60.60.50.4
Income tax $B0.00.00.10.20.20.10.10.1−0.30.10.10.10.10.10.1−0.00.3
Net income $B0.10.10.20.80.70.40.30.40.50.10.10.20.20.10.1−0.1−0.4
Free cash flow $B······0.00.1−0.10.1−0.00.10.20.10.1−0.10.0
EPS, diluted $0.410.731.344.734.452.401.802.364.341.161.421.121.091.000.74−1.98−7.25
Dividend / sh $0.720.640.560.480.380.320.240.240.240.240.24······
Payout %178894210913131052117······
ROE %0.91.73.111.412.07.15.67.816.111.9·······
Shares out B0.160.160.160.160.170.170.17··········

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 10 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityTrucking (No Local)
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2009

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