Knight-Swift Transportation Holdings Inc. (KNX) Key Metrics
KNX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $10.55B
- Enterprise value
- $13.42B
- P/E (TTM)
- 240.0 10-yr median 18.7
- Forward P/E
- 15.6
- PEG ratio
- 0.25
- Price / sales
- 1.4 10-yr median 1.3
- Price / book
- 1.6 10-yr median 1.2
- EV / EBITDA
- 13.5 10-yr median 9.3
- Dividend yield
- 1.23% $0.80 a year
- Beta
- 1.21
KNX key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsKNX valuation Price multiples at each fiscal year-end price.
KNX returns How much profit the business earns on the capital it uses.
KNX per-share figures Results divided by the shares outstanding at year-end.
KNX financial health Debt, liquidity and how easily interest is covered.
KNX efficiency & capital use Working capital cycle and where the cash goes.
KNX valuation history
KNX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KNX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KNX cash returned to shareholders
KNX price vs earnings per share
KNX key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $8.52B | $8.60B | $9.33B | $8.55B | $10.18B | $7.13B | $6.17B | $4.46B | $4.88B | $2.68B |
| Enterprise value | $11.11B | $11.05B | $11.54B | $9.83B | $11.79B | $7.96B | $6.85B | $5.01B | $5.38B | $3.54B |
| P/E ratio | 129.1 | 73.1 | 43.0 | 11.1 | 13.7 | 17.4 | 20.0 | 10.6 | 10.1 | 28.6 |
| Price / sales | 1.1 | 1.2 | 1.3 | 1.2 | 1.7 | 1.5 | 1.3 | 0.8 | 2.0 | 2.4 |
| Price / book | 1.2 | 1.2 | 1.3 | 1.2 | 1.6 | 1.2 | 1.1 | 0.8 | 0.9 | 3.4 |
| Price / free cash flow | 11.2 | — | 103.6 | 13.5 | 15.5 | 17.9 | 641.5 | 35.4 | — | 30.2 |
| Price / operating cash flow | 6.7 | 10.8 | 8.0 | 6.0 | 8.6 | 7.8 | 7.3 | 5.1 | 15.3 | 11.0 |
| EV / sales | 1.5 | 1.5 | 1.6 | 1.3 | 2.0 | 1.7 | 1.4 | 0.9 | 2.2 | 3.2 |
| EV / EBITDA | 10.6 | 10.8 | 11.4 | 5.9 | 8.0 | 7.4 | 8.0 | 5.2 | 12.2 | 13.8 |
| EV / free cash flow | 14.6 | — | 128.1 | 15.5 | 18.0 | 20.0 | 712.3 | 39.7 | — | 39.9 |
| Earnings yield | 0.8% | 1.4% | 2.3% | 9.0% | 7.3% | 5.7% | 5.0% | 9.4% | 9.9% | 3.5% |
| Free cash flow yield | 9.0% | −0.2% | 1.0% | 7.4% | 6.4% | 5.6% | 0.2% | 2.8% | −1.4% | 3.3% |
| Dividend yield | 1.4% | 1.2% | 1.0% | 0.9% | 0.6% | 0.8% | 0.7% | 1.0% | 0.5% | 0.7% |
| Shareholder yield (dividends + buybacks) | 1.4% | 1.2% | 1.0% | 4.4% | 1.2% | 3.3% | 2.1% | 5.0% | 0.5% | 2.2% |
| Share price at fiscal year-end | $52.28 | $53.04 | $57.65 | $52.41 | $60.94 | $41.82 | $35.84 | $25.07 | $43.72 | $33.05 |
| Per share | ||||||||||
| Revenue per share | $45.86 | $45.69 | $44.13 | $45.52 | $35.90 | $27.40 | $28.14 | $30.02 | $21.71 | $13.76 |
| Earnings per share | $0.40 | $0.73 | $1.34 | $4.73 | $4.45 | $2.40 | $1.80 | $2.36 | $4.34 | $1.16 |
| Operating cash flow per share | $7.78 | $4.93 | $7.18 | $8.80 | $7.12 | $5.39 | $4.88 | $4.95 | $2.85 | $3.00 |
| Free cash flow per share | $4.69 | −$0.12 | $0.56 | $3.89 | $3.93 | $2.34 | $0.06 | $0.71 | −$0.61 | $1.09 |
| Cash per share | $1.86 | $2.26 | $2.88 | $2.39 | $2.12 | $1.20 | $1.22 | $0.82 | $1.54 | $0.10 |
| Book value per share | $43.48 | $43.84 | $43.80 | $42.55 | $39.11 | $34.42 | $32.92 | $30.68 | $46.89 | $9.71 |
| Tangible book value per share | $7.44 | $6.72 | $7.29 | $10.10 | $7.11 | $9.13 | $7.95 | $6.30 | $8.14 | $9.10 |
| Dividends per share | $0.72 | $0.64 | $0.56 | $0.48 | $0.38 | $0.32 | $0.24 | $0.24 | $0.23 | $0.24 |
| Capex per share | $3.09 | $5.05 | $6.62 | $4.91 | $3.20 | $3.06 | $4.82 | $4.25 | $3.47 | $1.90 |
| Debt per share | $17.76 | $17.38 | $16.52 | $10.23 | $11.73 | $6.05 | $5.17 | $3.87 | $5.96 | $10.66 |
| Shares outstanding | 162.9M | 162.2M | 161.8M | 163.2M | 167.1M | 170.5M | 172.1M | 178.0M | 111.7M | 81.2M |
| Change in shares outstanding | +0.4% | +0.2% | −0.8% | −2.3% | −2.0% | −0.9% | −3.3% | +59.4% | +37.5% | −1.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 0.9% | 1.7% | 3.1% | 11.4% | 12.0% | 7.1% | 5.6% | 7.8% | 16.1% | 12.3% |
| Return on invested capital (ROIC) | 1.8% | 2.0% | 3.1% | 10.1% | 9.9% | 6.3% | 5.2% | 7.4% | 5.4% | 5.2% |
| Return on assets (ROA) | 0.5% | 0.9% | 1.8% | 7.0% | 7.6% | 4.8% | 3.8% | 5.4% | 11.1% | 8.5% |
| Return on tangible assets | 1.1% | 1.7% | 3.0% | 13.2% | 13.6% | 9.5% | 7.5% | 11.7% | 14.4% | 9.1% |
| Free cash flow margin | 10.2% | −0.3% | 1.3% | 8.6% | 10.9% | 8.5% | 0.2% | 2.4% | −2.8% | 7.9% |
| Income quality (OCF / net income) | 19.21 | 6.79 | 5.35 | 1.86 | 1.60 | 2.24 | 2.72 | 2.10 | 0.66 | 2.59 |
| Financial health | ||||||||||
| Total debt | $2.89B | $2.82B | $2.67B | $1.67B | $1.96B | $1.03B | $890.3M | $689.5M | $665.9M | $865.7M |
| Cash & short-term investments | $302.8M | $365.9M | $466.4M | $389.7M | $354.1M | $205.0M | $210.0M | $146.8M | $172.5M | $8.0M |
| Net debt | $2.59B | $2.45B | $2.21B | $1.28B | $1.60B | $826.0M | $680.3M | $542.7M | $493.4M | $857.7M |
| Debt / equity | 0.41 | 0.40 | 0.38 | 0.24 | 0.30 | 0.18 | 0.16 | 0.13 | 0.13 | 1.10 |
| Debt / assets | 0.24 | 0.22 | 0.20 | 0.15 | 0.18 | 0.12 | 0.11 | 0.09 | 0.09 | 0.80 |
| Net debt / EBITDA | 2.48 | 2.39 | 2.18 | 0.77 | 1.09 | 0.77 | 0.79 | 0.56 | 1.12 | 3.34 |
| Current ratio | 0.86 | 0.85 | 0.94 | 1.67 | 1.32 | 1.10 | 0.90 | 1.48 | 1.51 | 2.42 |
| Quick ratio | 0.86 | 0.85 | 0.77 | 1.29 | 1.14 | 0.92 | 0.74 | 1.20 | 1.22 | 2.21 |
| Interest coverage | 1.6 | 1.4 | 2.7 | 21.5 | 45.7 | 32.6 | 14.5 | 18.9 | 23.1 | 165.5 |
| Working capital | −$143.7M | −$258.0M | −$116.3M | $599.6M | $339.5M | $83.7M | −$103.0M | $292.7M | $313.7M | $111.5M |
| Invested capital | $9.67B | $9.56B | $9.29B | $8.23B | $8.14B | $6.70B | $6.35B | $6.00B | $5.73B | $1.65B |
| Tangible asset value | $1.22B | $1.10B | $1.20B | $1.66B | $1.20B | $1.56B | $1.37B | $1.12B | $911.6M | $739.1M |
| Net current asset value | −$3.98B | −$4.51B | −$4.45B | −$2.69B | −$2.86B | −$1.83B | −$1.86B | −$1.54B | −$1.52B | −$99.6M |
| Graham number | $19.90 | $26.75 | $36.36 | $67.27 | $62.57 | $43.15 | $36.47 | $40.32 | $67.64 | $15.89 |
| Graham net-net per share | −$26.34 | −$30.56 | −$29.76 | −$17.94 | −$18.67 | −$11.84 | −$11.89 | −$9.81 | −$15.27 | −$1.97 |
| Capital allocation | ||||||||||
| Dividends paid | $117.4M | $104.2M | $91.1M | $78.3M | $63.5M | $54.6M | $41.4M | $42.8M | $25.5M | $19.6M |
| Share buybacks (net) | $0 | $0 | $0 | $299.9M | $57.2M | $179.6M | $86.9M | $179.3M | $0 | $39.9M |
| Dividend payout ratio | 178.1% | 88.5% | 42.0% | 10.2% | 8.5% | 13.3% | 13.4% | 10.2% | 5.3% | 20.9% |
| Dividends + buybacks / free cash flow | 15.4% | — | 101.2% | 59.5% | 18.4% | 58.8% | — | 176.3% | — | 67.0% |
| Capex / revenue | 6.7% | 11.1% | 15.0% | 10.8% | 8.9% | 11.1% | 17.1% | 14.1% | 16.0% | 13.8% |
| Capex / operating cash flow | 39.7% | 102.5% | 92.2% | 55.8% | 44.9% | 56.7% | 98.9% | 85.7% | 121.5% | 63.5% |
| Capex / depreciation | 0.64 | 1.03 | 1.46 | 1.21 | 0.92 | 1.03 | 1.79 | 1.76 | 1.87 | 1.33 |
| Stock-based compensation / revenue | — | — | 0.4% | 0.5% | 0.5% | 0.6% | 0.3% | 0.2% | 0.3% | 0.4% |
| SG&A / revenue | 12.8% | 6.0% | 9.4% | 6.5% | 5.0% | 4.5% | 4.4% | 4.4% | 4.4% | 3.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 29.5 | 44.7 | 48.3 | 45.8 | 46.7 | 45.0 | 44.5 | 43.1 | 59.1 | 53.2 |
| Days of inventory on hand | — | — | 22.5 | 19.4 | 15.5 | 17.2 | 16.7 | 16.1 | 19.9 | 8.2 |
| Days payables outstanding | 18.1 | 22.3 | 20.3 | 16.2 | 14.8 | 11.4 | 11.1 | 10.9 | 14.0 | 7.7 |
| Cash conversion cycle (days) | 11.5 | 22.4 | 50.6 | 48.9 | 47.4 | 50.8 | 50.0 | 48.3 | 65.0 | 53.7 |
| Receivables turnover | 12.36 | 8.17 | 7.55 | 7.98 | 7.81 | 8.12 | 8.20 | 8.47 | 6.18 | 6.87 |
| Payables turnover | 20.19 | 16.37 | 17.98 | 22.52 | 24.74 | 32.15 | 32.78 | 33.43 | 26.13 | 47.71 |
| Inventory turnover | — | — | 16.19 | 18.81 | 23.60 | 21.17 | 21.86 | 22.66 | 18.36 | 44.67 |
| Asset turnover | 0.60 | 0.56 | 0.59 | 0.68 | 0.62 | 0.55 | 0.59 | 0.69 | 0.55 | 1.02 |
| Average receivables | $604.5M | $907.4M | $946.0M | $931.1M | $767.9M | $575.6M | $590.4M | $631.2M | $392.6M | $162.8M |
| Average payables | $265.3M | $342.4M | $288.0M | $222.8M | $162.9M | $100.1M | $108.5M | $118.9M | $68.9M | $16.4M |
| Average inventory | — | — | $319.7M | $266.7M | $170.8M | $152.0M | $162.7M | $175.4M | $98.1M | $17.5M |
| Intangibles / total assets | 49.1% | 46.0% | 44.6% | 47.6% | 49.4% | 50.0% | 51.1% | 54.9% | 56.3% | 4.6% |
Computed from KNX's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
KNX valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Knight-Swift Transportation traded at 129.1 times earnings, against a 10-year median of 18.7. Based on the latest twelve months, the trailing P/E is 240.0 and the forward P/E is 15.6. Knight-Swift Transportation earned a return on equity of 0.9% and a return on invested capital of 1.8% in fiscal 2025. It ended the year with $2.9 billion of debt and $302.8 million in cash and short-term investments, net debt of $2.6 billion. It returned $117.4 million to shareholders: $117.4 million in dividends and $0 in share buybacks, 15% of free cash flow. The share count rose 100.5% from 81.2M to 162.9M over 9 years.
See the KNX income statement, the KNX chart for price history, or the KNX stock overview for the latest quote and news.
KNX key metrics FAQ
What is Knight-Swift Transportation's P/E ratio?
Knight-Swift Transportation's trailing P/E ratio is 240.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 15.6. At the end of fiscal 2025 it was 129.1, compared with a 10-year median of 18.7.
What is Knight-Swift Transportation's EV/EBITDA?
Knight-Swift Transportation's enterprise value was 10.6 times EBITDA at the end of fiscal 2025 (enterprise value $11.1 billion, EBITDA $1.0 billion); the current EV/EBITDA is 13.5.
What is Knight-Swift Transportation's return on equity?
Knight-Swift Transportation's return on equity (ROE) was 0.9% in fiscal 2025: net income of $65.9 million on average shareholders' equity of $7.1 billion.
What is Knight-Swift Transportation's ROIC?
Knight-Swift Transportation's return on invested capital was 1.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Knight-Swift Transportation have?
Knight-Swift Transportation had total debt of $2.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.41 and $2.6 billion of net debt (2.48 times EBITDA).
What is Knight-Swift Transportation's dividend yield?
Knight-Swift Transportation's forward dividend yield is 1.23%. Knight-Swift Transportation paid $117.4 million in dividends in fiscal 2025 ($0.72 per share), a payout ratio of 178.1%.
What is Knight-Swift Transportation's free cash flow yield?
Knight-Swift Transportation generated $763.2 million of free cash flow in fiscal 2025, a free cash flow yield of 9.0% on its market value at year-end ($8.5 billion).
What is Knight-Swift Transportation's current ratio?
Knight-Swift Transportation's current ratio was 0.86 at the end of fiscal 2025: current assets were 0.86 times current liabilities.