SequelSEC

Knight-Swift Transportation Holdings Inc. KNX

Trucking (No Local) · CIK 0001492691 · Fiscal year ends 1231

Revenue
$7.47B
Fiscal year ended 2025-12-31
Operating income
$216.06M
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$7.08BMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$43.56Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income107.3×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue0.9×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity1.0×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Valuation over time

107.3× earnings today, against a median of 13.6× across 10 years on record. Above its own history.

Float measuredPublic floatFloat / net income
2025-06-30$7.08B107.3×
2024-06-30$7.96B67.7×
2023-06-30$8.83B40.7×
2022-06-30$7.33B9.5×
2021-06-30$7.43B10.0×
2020-06-30$5.66B13.8×
2019-06-30$4.42B14.3×
2018-06-30$5.60B13.3×
2017-06-30$2.13B4.4×
2016-06-30$1.25B13.3×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

How this compares in its industry

Percentile among the Trucking (No Local) filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Effective tax rate31.2%100th
Current ratio0.86x8th
Revenue YoY growth0.8%91th
Long-term debt / equity0.25x64th
Net margin0.9%42th
Operating margin2.9%58th

Knight-Swift Transportation Holdings Inc. (KNX) reported revenue of $7.47B and net income of $65.95M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Knight-Swift Transportation Holdings Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Trucking (No Local).

Income

Knight-Swift Transportation Holdings Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$7.47B$7.41B$7.14B$7.43B$6.00B$4.67B$4.84B$5.34B$2.43B$1.12B
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income$216.06M$243.39M$338.15M$1.09B$965.70M$564.44M$427.44M$569.04M$200.63M$148.48M
Net income$65.95M$117.63M$217.15M$771.32M$743.39M$410.00M$309.21M$419.26M$484.29M$93.86M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 162.61Mshares 162.17Mshares 161.83Mshares 163.21Mshares 167.06Mshares 170.55Mshares 172.14Mshares 178.00Mshares 111.70Mshares 81.23M
Pretax income$95.32M$149.05M$270.29M$1.02B$974.64M$560.31M$413.98M$552.04M$193.71M$152.83M
Income tax expense$29.77M$32.96M$54.77M$249.39M$230.89M$149.68M$103.80M$131.39M-$291.72M$57.59M
Diluted EPS$0.41$0.73$1.34$4.73$4.45$2.40$1.80$2.36$4.34$1.16
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Knight-Swift Transportation Holdings Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Cash & equivalents$220.42M$218.26M$168.54M$196.77M$261.00M$156.70M$159.72M$82.49M$76.65M$8.02M
Total assets$11.96B$12.70B$12.87B$10.95B$10.66B$8.47B$8.28B$7.91B$7.68B$1.08B
Current assets$887.53M$1.45B$1.71B$1.49B$1.41B$923.36M$890.03M$907.23M$923.21M$190.19M
Total liabilities$4.86B$5.58B$5.77B$4.00B$4.11B$2.60B$2.61B$2.45B$2.44B$289.79M
Current liabilities$1.03B$1.71B$1.83B$894.01M$1.07B$839.71M$993.04M$614.56M$609.55M$78.65M
Total equity incl. NCI$7.09B$7.12B$7.10B$6.96B$6.54B$5.87B$5.67B$5.46B$5.24B$788.73M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivable$305.32M$803.70M$888.60M$842.29M$911.34M$578.48M$518.55M$601.23M$574.26M$133.85M
Goodwill$3.93B$3.96B$3.85B$3.52B$3.52B$2.92B$2.92B$2.92B$2.89B$47.03M
Long-term debt$1.74B$1.83B$1.63B$1.08B$1.51B$508.91M$643.82M$364.59M$364.77M$0
Accounts payable$200.84M$329.70M$355.17M$220.85M$224.84M$101.00M$99.19M$117.88M$119.87M$18.01M

Cash flow

Knight-Swift Transportation Holdings Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Operating cash flow$1.27B$799.06M$1.16B$1.44B$1.19B$919.64M$839.59M$881.98M$322.59M$243.78M
Capital expendituresUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Investing cash flow-$520.39M-$759.12M-$1.23B-$646.18M-$1.82B-$480.71M-$583.71M-$647.29M-$204.26M-$101.06M
Financing cash flow-$807.74M-$139.40M$150.69M-$754.35M$779.33M-$443.88M-$184.64M-$255.44M$24.00M-$143.00M
Net change in cash-$61.49M-$99.46M$84.34M$35.32M$152.75M-$4.95M$71.25M-$20.76M$142.33M-$288.00K
Stock-based compensationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$6.24M$4.04M
Common dividends paid$117.44M$104.15M$91.15M$78.30M$63.54M$54.62M$41.42M$42.77M$25.45M$19.60M
Common share repurchasesUnavailable$0$0$299.94M$57.18M$179.58M$86.89M$179.32M$0$39.87M
Depreciation & amortization$788.05M$792.80M$735.10M$659.82M$577.90M$506.67M$462.96M$430.09M$207.10M$116.16M

Derived

Knight-Swift Transportation Holdings Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating margin2.9%3.3%4.7%14.7%16.1%12.1%8.8%10.6%8.3%13.3%
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current ratio0.86x0.85x0.94x1.67x1.32x1.10x0.90x1.48x1.51x2.42x
Revenue YoY growth0.8%3.8%-3.9%23.9%28.3%-3.5%-9.4%120.3%116.9%Unavailable
Net margin0.9%1.6%3.0%10.4%12.4%8.8%6.4%7.8%20.0%8.4%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equity0.25xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate31.2%22.1%20.3%24.4%23.7%26.7%25.1%23.8%-150.6%37.7%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open KNX in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-10-28View SEC filing
10-Q · Filed 2026-07-29View SEC filing
10-Q · Filed 2026-04-29View SEC filing
10-K · Filed 2026-02-19View SEC filing
10-Q · Filed 2025-10-29View SEC filing
10-Q · Filed 2025-07-30View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.