Knight-Swift Transportation
Moves freight across North America through truckload, LTL, logistics and intermodal networks.
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Profile
Moves freight across North America through truckload, less-than-truckload, logistics and intermodal operations. Distinct carrier brands operate under common ownership, with a historically truckload-centered platform expanding its regional freight network through acquisitions and new service centers.
Moves freight across North America through Truckload, Less-than-Truckload, Logistics and Intermodal operations. The portfolio combines asset-based carriers with freight brokerage and logistics management under brands including Knight, Swift and acquired regional networks.
Built around local terminals, shops and training academies, the operating model keeps subsidiary brands distinct while sharing practices under one holding company. Truckload remains the historical core, while acquisitions and new service centers have expanded the less-than-truckload network toward coverage of the contiguous United States.
The group’s reach depends on integrating acquired carriers, extending service-center connectivity and maintaining a large driver and terminal workforce. Its structure reflects the 2017 combination of Knight and Swift, with the two carrier brands continuing as separate operations under common ownership.
Company facts
Categories
Key statistics
Year to date +28.7% · Average volume (30d) 3.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 23, 2026 | Evercore ISI | Reiterate | Outperform | $66 | $85 | |
| Jul 23, 2026 | Stifel Nicolaus | Target | $85 | $88 | ||
| Jul 15, 2026 | Citigroup | Initiate | Outperform | |||
| Jul 13, 2026 | Stifel Nicolaus | Target | $70 | $85 | ||
| Jul 9, 2026 | Citigroup | Upgrade | Neutral | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $0.51 | $0.63 | +22.6% | $2.05B | $2.10B | +2.4% | −4.88% |
| Apr 22, 2026Q1 FY26 | $0.09 | $0.09 | 0.0% | $1.86B | $1.85B | −0.3% | +2.80% |
| Jan 21, 2026Q4 FY25 | $0.36 | $0.31 | −13.9% | $1.90B | $1.86B | −2.3% | +2.61% |
| Oct 22, 2025Q3 FY25 | $0.37 | $0.32 | −13.2% | $1.90B | $1.93B | +1.7% | −7.13% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.82B | $1.86B | $1.93B | $1.86B | $1.85B | $2.10B | |
| Gross profit | $435.5M | $121.3M | $208.4M | $1.35B | $178.2M | $177.9M | |
| Operating income | $66.7M | $72.6M | $85.6M | $26.5M | $30.1M | $104.9M | |
| Net income | $30.6M | $34.2M | $7.9M | −$6.8M | −$1.3M | $43.2M | |
| Diluted EPS | $0.19 | $0.21 | $0.05 | −$0.04 | −$0.01 | $0.26 | |
| Gross margin | 23.9% | 6.5% | 10.8% | 72.7% | 9.6% | 8.5% | |
| Operating margin | 3.7% | 3.9% | 4.4% | 1.4% | 1.6% | 5.0% |
Fiscal years (4-quarter sums)FY21 $6.00B · FY22 $7.43B · FY23 $7.14B · FY24 $7.41B · FY25 $7.47B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $186.1M · Total debt $2.68B · Total assets $12.00B · Shareholders' equity $6.98B
Dividends
Raised for 7 straight years — most recently to $0.20 from $0.18 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 8, 2026 | Jun 8 | Jun 22 | $0.20 | |
| Mar 6, 2026 | Mar 6 | Mar 23 | $0.20 | raised from $0.18 |
| Dec 5, 2025 | Dec 5 | Dec 22 | $0.18 | |
| Sep 5, 2025 | Sep 5 | Sep 22 | $0.18 | |
| Jun 9, 2025 | Jun 9 | Jun 23 | $0.18 | |
| Mar 7, 2025 | Mar 7 | Mar 25 | $0.18 | raised from $0.16 |
| Dec 6, 2024 | Dec 6 | Dec 23 | $0.16 | |
| Sep 6, 2024 | Sep 6 | Sep 23 | $0.16 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 162.76M · Float 158.07M · 97.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 17.22M | 10.58% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 8.56M | 5.26% | 13F | Aug 11, 2026 |
| FMR LLC | 8.06M | 4.95% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 7.06M | 4.34% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 6.46M | 3.97% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | Reid Dove | director, officer: CEO AAA Cooper Transportation | −126,864 | $73.13 |
| Aug 12, 2026 | Reid Dove | director, officer: CEO AAA Cooper Transportation | −42,290 | $71.49 |
| Aug 12, 2026 | Ploeg David Vander | director | −2,200 | $52.33 |
| Jul 31, 2026 | Reid Dove | director | −50,000 | $70.25 |
| Jul 31, 2026 | Cary M. Flanagan | officer: Exec VP and CAO | −3,600 | $70.82 |
Peers
- J.B. Hunt
Broad rival in intermodal, dedicated trucking, and freight brokerage
- Schneider National
Direct multimodal rival across truckload, intermodal, and logistics
- Werner Enterprises
Truckload and logistics rival in North American freight markets
- Old Dominion Freight Line
Large national LTL rival with adjacent brokerage and drayage services
- XPO
Asset-based national LTL rival competing on network scale and service
- Saia
National LTL rival with expedited and non-asset freight services
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Knight-Swift Transportation | $67.00 | −0.36% | $10.94B | 260.3 | 20.7 | 1.4 | +12.6% |
| J.B. Hunt | $261.03 | −0.02% | $24.51B | 37.0 | 29.5 | 1.9 | +19.4% |
| Schneider National | $34.44 | −0.04% | $6.03B | 53.8 | 25.6 | 1.0 | +10.4% |
| Werner Enterprises | $38.42 | +0.03% | $2.30B | — | 22.2 | 0.7 | +24.0% |
| Old Dominion Freight Line | $199.00 | +0.19% | $41.31B | 38.3 | 31.8 | 7.4 | +10.4% |
| XPO | $188.56 | +0.01% | $22.08B | 55.6 | 32.1 | 2.6 | +13.2% |
| Saia | $352.25 | −0.03% | $9.40B | 34.0 | 27.7 | 2.8 | +17.1% |
| Median | 38.3 | 28.6 | 2.3 | +15.1% |