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Side-by-side financial comparison of Knight-Swift Transportation Holdings Inc. (KNX) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Knight-Swift Transportation Holdings Inc. is the larger business by last-quarter revenue ($1.9B vs $1.0B, roughly 1.8× Liberty Energy Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs 0.0%, a 2.2% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs 1.4%). Over the past eight quarters, Knight-Swift Transportation Holdings Inc.'s revenue compounded faster (0.1% CAGR vs -6.2%).
Swift Transportation is an American truckload motor shipping carrier based in Phoenix, Arizona. In 2017, Swift merged with Knight Transportation, also of Phoenix, forming Knight-Swift.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
KNX vs LBRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.0B |
| Net Profit | $96.0K | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 1.5% | 2.2% |
| Net Margin | 0.0% | 2.2% |
| Revenue YoY | 1.4% | 4.5% |
| Net Profit YoY | -76.6% | 64.8% |
| EPS (diluted) | $-0.01 | $0.14 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $1.9B | $1.0B | ||
| Q4 25 | $1.9B | $1.0B | ||
| Q3 25 | $1.9B | $947.4M | ||
| Q2 25 | $1.9B | $1.0B | ||
| Q1 25 | $1.8B | $977.5M | ||
| Q4 24 | $1.9B | $943.6M | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $1.8B | $1.2B |
| Q1 26 | $96.0K | $22.6M | ||
| Q4 25 | $-6.8M | $13.7M | ||
| Q3 25 | $7.9M | $43.1M | ||
| Q2 25 | $34.2M | $71.0M | ||
| Q1 25 | $30.6M | $20.1M | ||
| Q4 24 | $69.5M | $51.9M | ||
| Q3 24 | $30.5M | $73.8M | ||
| Q2 24 | $20.3M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 22.1% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.9% |
| Q1 26 | 1.5% | 2.2% | ||
| Q4 25 | 1.4% | 1.9% | ||
| Q3 25 | 2.6% | -0.3% | ||
| Q2 25 | 3.9% | 3.6% | ||
| Q1 25 | 3.7% | 1.9% | ||
| Q4 24 | 4.2% | 2.6% | ||
| Q3 24 | 4.3% | 9.4% | ||
| Q2 24 | 3.4% | 12.2% |
| Q1 26 | 0.0% | 2.2% | ||
| Q4 25 | -0.4% | 1.3% | ||
| Q3 25 | 0.4% | 4.5% | ||
| Q2 25 | 1.8% | 6.8% | ||
| Q1 25 | 1.7% | 2.1% | ||
| Q4 24 | 3.7% | 5.5% | ||
| Q3 24 | 1.6% | 6.5% | ||
| Q2 24 | 1.1% | 9.3% |
| Q1 26 | $-0.01 | $0.14 | ||
| Q4 25 | $-0.04 | $0.08 | ||
| Q3 25 | $0.05 | $0.26 | ||
| Q2 25 | $0.21 | $0.43 | ||
| Q1 25 | $0.19 | $0.12 | ||
| Q4 24 | $0.43 | $0.31 | ||
| Q3 24 | $0.19 | $0.44 | ||
| Q2 24 | $0.13 | $0.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $222.8M | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | $7.1B | $1.9B |
| Total Assets | $11.9B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $222.8M | $699.1M | ||
| Q4 25 | $220.4M | $27.6M | ||
| Q3 25 | $192.7M | $13.5M | ||
| Q2 25 | $216.3M | $19.6M | ||
| Q1 25 | $209.5M | $24.1M | ||
| Q4 24 | $218.3M | $20.0M | ||
| Q3 24 | $166.3M | $23.0M | ||
| Q2 24 | $186.5M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $1.7B | $246.6M | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | $190.5M | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.6B | — |
| Q1 26 | $7.1B | $1.9B | ||
| Q4 25 | $7.1B | $2.1B | ||
| Q3 25 | $7.1B | $2.1B | ||
| Q2 25 | $7.1B | $2.0B | ||
| Q1 25 | $7.1B | $2.0B | ||
| Q4 24 | $7.1B | $2.0B | ||
| Q3 24 | $7.1B | $2.0B | ||
| Q2 24 | $7.1B | $1.9B |
| Q1 26 | $11.9B | $4.4B | ||
| Q4 25 | $12.0B | $3.6B | ||
| Q3 25 | $12.6B | $3.5B | ||
| Q2 25 | $12.5B | $3.4B | ||
| Q1 25 | $12.6B | $3.4B | ||
| Q4 24 | $12.7B | $3.3B | ||
| Q3 24 | $12.8B | $3.3B | ||
| Q2 24 | $12.6B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.25× | 0.12× | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 0.26× | 0.10× | ||
| Q3 24 | 0.26× | — | ||
| Q2 24 | 0.23× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $142.5M | — |
| Free Cash FlowOCF − Capex | $56.9M | — |
| FCF MarginFCF / Revenue | 3.1% | — |
| Capex IntensityCapex / Revenue | 4.6% | 13.1% |
| Cash ConversionOCF / Net Profit | 1484.79× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $142.5M | — | ||
| Q4 25 | $723.2M | $195.4M | ||
| Q3 25 | $217.5M | $51.5M | ||
| Q2 25 | $216.5M | $170.6M | ||
| Q1 25 | $109.4M | $192.1M | ||
| Q4 24 | $274.3M | $177.3M | ||
| Q3 24 | $214.0M | $244.5M | ||
| Q2 24 | $273.4M | $248.2M |
| Q1 26 | $56.9M | — | ||
| Q4 25 | — | $-10.0M | ||
| Q3 25 | — | $-67.2M | ||
| Q2 25 | — | $33.1M | ||
| Q1 25 | — | $58.2M | ||
| Q4 24 | — | $-26.2M | ||
| Q3 24 | — | $77.9M | ||
| Q2 24 | — | $112.2M |
| Q1 26 | 3.1% | — | ||
| Q4 25 | — | -1.0% | ||
| Q3 25 | — | -7.1% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 9.7% |
| Q1 26 | 4.6% | 13.1% | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 14.6% | ||
| Q2 24 | — | 11.7% |
| Q1 26 | 1484.79× | — | ||
| Q4 25 | — | 14.28× | ||
| Q3 25 | 27.67× | 1.20× | ||
| Q2 25 | 6.32× | 2.40× | ||
| Q1 25 | 3.57× | 9.55× | ||
| Q4 24 | 3.95× | 3.42× | ||
| Q3 24 | 7.03× | 3.31× | ||
| Q2 24 | 13.47× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KNX
| Revenue, excluding truckload and LTL fuel surcharge | $1.6B | 89% |
| Truckload and LTL fuel surcharge | $212.2M | 11% |
LBRT
Segment breakdown not available.
