Knight-Swift Transportation Holdings Inc. (KNX) AI Stock Analysis

Knight-Swift Transportation Holdings Inc. provides truckload transportation services across the United States, Mexico, and Canada through four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transport. Logistics operations cover brokerage, intermodal solutions, and freight management. Support services comprise repair and maintenance shops, warranty programs, insurance, equipment leasing, trailer parts manufacturing, warehousing, and a driving academy. The company operates a fleet of 18,019 tractors and 67,606 trailers, serving industries such as retail, food and beverage, consumer products, automotive, and manufacturing.

Knight-Swift generated $7.47B in revenue in FY2025, up 0.8% year over year, representing a 5-year revenue CAGR of 9.8% from FY2020. However, profitability has contracted significantly from earlier peaks. Operating margin fell from 16.1% in FY2021 to 3.4% in FY2025, while net income declined from $771.3M in FY2022 to $65.9M in FY2025. Diluted EPS was $1.26 in FY2025, down from $5.03 in FY2022. More recently, in the quarter ended June 30, 2026, quarterly revenue grew 12.6% year over year and quarterly earnings increased 23.8%. TTM revenue stood at $7.73B with an operating margin of 5.2% and a profit margin of 0.6%.

As of June 30, 2026, Knight-Swift held $186.1M in cash and short-term investments against total debt of $2.68B, leaving net debt at $2.50B. The company recorded a current ratio of 0.88 and a debt-to-equity ratio of 0.38 against shareholders' equity of $6.98B. In FY2025, operating cash flow reached $1.27B and free cash flow rebounded to $763.2M. Capital expenditures totaled $503.4M, while the company paid $117.4M in dividends and raised $5.4M through share issuance.

At a last close of $64.81, Knight-Swift had a market capitalization of $10.55B and an enterprise value of $13.42B. The stock trades at a trailing P/E of 240.0x, significantly higher than the median of 24.8x for its US-listed Industrials peers. However, its forward P/E of 15.6x sits below the peer median of 17.2x, and its EV/EBITDA of 13.5x compares with the peer median of 13.9x. Over the past year, the stock returned 39.5%, outperforming the S&P 500 (SPY) return of 16.8%, but its 5-year return of 38.8% trailed the index return of 83.0%.

Knight-Swift pays a quarterly dividend with an annualized forward rate of $0.80 per share, offering a dividend yield of 1.23%. The company has paid dividends for 23 consecutive years, achieving a 5-year annualized dividend growth rate of 17.6%. Its payout ratio stands at 57.8%, and the last ex-dividend date was September 4, 2026.

Wall Street coverage includes 15 Strong Buy, 3 Buy, 2 Hold, 0 Sell, and 1 Strong Sell ratings. The mean price target is $85.10, representing a 31.3% upside to the October 16, 2026 closing price of $64.81. Analysts forecast FY2026 EPS of $2.31 on revenue of $8.25B, followed by FY2027 EPS of $4.00 on revenue of $8.95B. Knight-Swift has exceeded consensus EPS estimates in 1 of the last 4 quarters, with next earnings scheduled for October 21, 2026.

This page is an AI-written research summary of Knight-Swift Transportation Holdings Inc. (KNX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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