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Side-by-side financial comparison of Knight-Swift Transportation Holdings Inc. (KNX) and Moderna (MRNA). 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× Moderna). Knight-Swift Transportation Holdings Inc. runs the higher net margin — 0.0% vs -19.7%, a 19.7% gap on every dollar of revenue. On growth, Knight-Swift Transportation Holdings Inc. posted the faster year-over-year revenue change (1.4% vs -45.4%). Knight-Swift Transportation Holdings Inc. produced more free cash flow last quarter ($56.9M vs $-880.0M). Over the past eight quarters, Knight-Swift Transportation Holdings Inc.'s revenue compounded faster (0.1% CAGR vs -45.0%).
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.
Moderna, Inc. is an American pharmaceutical and biotechnology company based in Cambridge, Massachusetts, that focuses on RNA therapeutics, primarily mRNA vaccines. These vaccines use a copy of a molecule called messenger RNA (mRNA) to carry instructions for proteins to produce an immune response. The company's name is derived from the terms "modified", "RNA", and "modern".
KNX vs MRNA — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.0B |
| Net Profit | $96.0K | $-200.0M |
| Gross Margin | — | 79.6% |
| Operating Margin | 1.5% | -25.6% |
| Net Margin | 0.0% | -19.7% |
| Revenue YoY | 1.4% | -45.4% |
| Net Profit YoY | -76.6% | -1638.5% |
| EPS (diluted) | $-0.01 | $-0.51 |
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 | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $1.0B | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.9B | $966.0M | ||
| Q3 24 | $1.9B | $1.9B | ||
| Q2 24 | $1.8B | — |
| Q1 26 | $96.0K | — | ||
| Q4 25 | $-6.8M | — | ||
| Q3 25 | $7.9M | $-200.0M | ||
| Q2 25 | $34.2M | — | ||
| Q1 25 | $30.6M | — | ||
| Q4 24 | $69.5M | $-1.1B | ||
| Q3 24 | $30.5M | $13.0M | ||
| Q2 24 | $20.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 79.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | — |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 1.4% | — | ||
| Q3 25 | 2.6% | -25.6% | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 4.2% | -129.0% | ||
| Q3 24 | 4.3% | -3.8% | ||
| Q2 24 | 3.4% | — |
| Q1 26 | 0.0% | — | ||
| Q4 25 | -0.4% | — | ||
| Q3 25 | 0.4% | -19.7% | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 3.7% | -115.9% | ||
| Q3 24 | 1.6% | 0.7% | ||
| Q2 24 | 1.1% | — |
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.04 | — | ||
| Q3 25 | $0.05 | $-0.51 | ||
| Q2 25 | $0.21 | — | ||
| Q1 25 | $0.19 | — | ||
| Q4 24 | $0.43 | $-2.91 | ||
| Q3 24 | $0.19 | $0.03 | ||
| Q2 24 | $0.13 | — |
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 | $1.1B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.1B | $9.3B |
| Total Assets | $11.9B | $12.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $222.8M | — | ||
| Q4 25 | $220.4M | — | ||
| Q3 25 | $192.7M | $1.1B | ||
| Q2 25 | $216.3M | — | ||
| Q1 25 | $209.5M | — | ||
| Q4 24 | $218.3M | $1.9B | ||
| Q3 24 | $166.3M | $1.6B | ||
| Q2 24 | $186.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.6B | — |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.1B | — | ||
| Q3 25 | $7.1B | $9.3B | ||
| Q2 25 | $7.1B | — | ||
| Q1 25 | $7.1B | — | ||
| Q4 24 | $7.1B | $10.9B | ||
| Q3 24 | $7.1B | $11.9B | ||
| Q2 24 | $7.1B | — |
| Q1 26 | $11.9B | — | ||
| Q4 25 | $12.0B | — | ||
| Q3 25 | $12.6B | $12.1B | ||
| Q2 25 | $12.5B | — | ||
| Q1 25 | $12.6B | — | ||
| Q4 24 | $12.7B | $14.1B | ||
| Q3 24 | $12.8B | $15.8B | ||
| Q2 24 | $12.6B | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.25× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 0.26× | — | ||
| 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 | $-847.0M |
| Free Cash FlowOCF − Capex | $56.9M | $-880.0M |
| FCF MarginFCF / Revenue | 3.1% | -86.6% |
| Capex IntensityCapex / Revenue | 4.6% | 3.2% |
| Cash ConversionOCF / Net Profit | 1484.79× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.9B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $142.5M | — | ||
| Q4 25 | $723.2M | — | ||
| Q3 25 | $217.5M | $-847.0M | ||
| Q2 25 | $216.5M | — | ||
| Q1 25 | $109.4M | — | ||
| Q4 24 | $274.3M | $825.0M | ||
| Q3 24 | $214.0M | $-1.6B | ||
| Q2 24 | $273.4M | — |
| Q1 26 | $56.9M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-880.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $303.0M | ||
| Q3 24 | — | $-1.7B | ||
| Q2 24 | — | — |
| Q1 26 | 3.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -86.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 31.4% | ||
| Q3 24 | — | -92.2% | ||
| Q2 24 | — | — |
| Q1 26 | 4.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 54.0% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | — |
| Q1 26 | 1484.79× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 27.67× | — | ||
| Q2 25 | 6.32× | — | ||
| Q1 25 | 3.57× | — | ||
| Q4 24 | 3.95× | — | ||
| Q3 24 | 7.03× | -120.46× | ||
| Q2 24 | 13.47× | — |
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% |
MRNA
| COVID19 | $971.0M | 96% |
| Other Revenue | $20.0M | 2% |
| Grant | $14.0M | 1% |
| Collaboration Arrangement Including Arrangements With Affiliate | $7.0M | 1% |
| License And Royalty | $2.0M | 0% |
