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Side-by-side financial comparison of Knight-Swift Transportation Holdings Inc. (KNX) and Old Dominion (ODFL). 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 $1.3B, roughly 1.4× Old Dominion). Old Dominion runs the higher net margin — 17.6% vs 0.0%, a 17.5% gap on every dollar of revenue. On growth, Knight-Swift Transportation Holdings Inc. posted the faster year-over-year revenue change (1.4% vs -5.7%). Old Dominion produced more free cash flow last quarter ($264.5M vs $56.9M). Over the past eight quarters, Knight-Swift Transportation Holdings Inc.'s revenue compounded faster (0.1% CAGR vs -5.4%).
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.
Old Dominion Freight Line, Inc. (ODFL) is an American regional, inter-regional and national less than truckload shipping (LTL) company. In addition to its core LTL services, the company offers expedited, logistics and household moving services.
KNX vs ODFL — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.3B |
| Net Profit | $96.0K | $229.5M |
| Gross Margin | — | — |
| Operating Margin | 1.5% | 23.3% |
| Net Margin | 0.0% | 17.6% |
| Revenue YoY | 1.4% | -5.7% |
| Net Profit YoY | -76.6% | -12.8% |
| EPS (diluted) | $-0.01 | $1.10 |
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 | $1.3B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $1.9B | $1.4B | ||
| Q3 24 | $1.9B | $1.5B | ||
| Q2 24 | $1.8B | $1.5B |
| Q1 26 | $96.0K | — | ||
| Q4 25 | $-6.8M | $229.5M | ||
| Q3 25 | $7.9M | $270.9M | ||
| Q2 25 | $34.2M | $268.6M | ||
| Q1 25 | $30.6M | $254.7M | ||
| Q4 24 | $69.5M | $263.1M | ||
| Q3 24 | $30.5M | $308.6M | ||
| Q2 24 | $20.3M | $322.0M |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 1.4% | 23.3% | ||
| Q3 25 | 2.6% | 25.7% | ||
| Q2 25 | 3.9% | 25.4% | ||
| Q1 25 | 3.7% | 24.6% | ||
| Q4 24 | 4.2% | 24.1% | ||
| Q3 24 | 4.3% | 27.3% | ||
| Q2 24 | 3.4% | 28.1% |
| Q1 26 | 0.0% | — | ||
| Q4 25 | -0.4% | 17.6% | ||
| Q3 25 | 0.4% | 19.3% | ||
| Q2 25 | 1.8% | 19.1% | ||
| Q1 25 | 1.7% | 18.5% | ||
| Q4 24 | 3.7% | 19.0% | ||
| Q3 24 | 1.6% | 21.0% | ||
| Q2 24 | 1.1% | 21.5% |
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.04 | $1.10 | ||
| Q3 25 | $0.05 | $1.28 | ||
| Q2 25 | $0.21 | $1.27 | ||
| Q1 25 | $0.19 | $1.19 | ||
| Q4 24 | $0.43 | $1.23 | ||
| Q3 24 | $0.19 | $1.43 | ||
| Q2 24 | $0.13 | $1.48 |
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 | $120.1M |
| Total DebtLower is stronger | — | $20.0M |
| Stockholders' EquityBook value | $7.1B | $4.3B |
| Total Assets | $11.9B | $5.5B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $222.8M | — | ||
| Q4 25 | $220.4M | $120.1M | ||
| Q3 25 | $192.7M | $46.6M | ||
| Q2 25 | $216.3M | $24.1M | ||
| Q1 25 | $209.5M | $97.2M | ||
| Q4 24 | $218.3M | $108.7M | ||
| Q3 24 | $166.3M | $74.2M | ||
| Q2 24 | $186.5M | $104.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $20.0M | ||
| Q3 25 | $1.9B | $65.0M | ||
| Q2 25 | $1.8B | $150.0M | ||
| Q1 25 | $1.8B | $40.0M | ||
| Q4 24 | $1.8B | $40.0M | ||
| Q3 24 | $1.9B | $40.0M | ||
| Q2 24 | $1.6B | $40.0M |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.1B | $4.3B | ||
| Q3 25 | $7.1B | $4.3B | ||
| Q2 25 | $7.1B | $4.2B | ||
| Q1 25 | $7.1B | $4.2B | ||
| Q4 24 | $7.1B | $4.2B | ||
| Q3 24 | $7.1B | $4.2B | ||
| Q2 24 | $7.1B | $4.1B |
| Q1 26 | $11.9B | — | ||
| Q4 25 | $12.0B | $5.5B | ||
| Q3 25 | $12.6B | $5.5B | ||
| Q2 25 | $12.5B | $5.6B | ||
| Q1 25 | $12.6B | $5.5B | ||
| Q4 24 | $12.7B | $5.5B | ||
| Q3 24 | $12.8B | $5.4B | ||
| Q2 24 | $12.6B | $5.3B |
| Q1 26 | — | — | ||
| Q4 25 | 0.25× | 0.00× | ||
| Q3 25 | 0.26× | 0.02× | ||
| Q2 25 | 0.26× | 0.04× | ||
| Q1 25 | 0.26× | 0.01× | ||
| Q4 24 | 0.26× | 0.01× | ||
| Q3 24 | 0.26× | 0.01× | ||
| Q2 24 | 0.23× | 0.01× |
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 | $310.3M |
| Free Cash FlowOCF − Capex | $56.9M | $264.5M |
| FCF MarginFCF / Revenue | 3.1% | 20.2% |
| Capex IntensityCapex / Revenue | 4.6% | 3.5% |
| Cash ConversionOCF / Net Profit | 1484.79× | 1.35× |
| TTM Free Cash FlowTrailing 4 quarters | — | $955.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $142.5M | — | ||
| Q4 25 | $723.2M | $310.3M | ||
| Q3 25 | $217.5M | $437.5M | ||
| Q2 25 | $216.5M | $285.8M | ||
| Q1 25 | $109.4M | $336.5M | ||
| Q4 24 | $274.3M | $401.1M | ||
| Q3 24 | $214.0M | $446.5M | ||
| Q2 24 | $273.4M | $387.9M |
| Q1 26 | $56.9M | — | ||
| Q4 25 | — | $264.5M | ||
| Q3 25 | — | $343.5M | ||
| Q2 25 | — | $98.7M | ||
| Q1 25 | — | $248.4M | ||
| Q4 24 | — | $230.1M | ||
| Q3 24 | — | $203.7M | ||
| Q2 24 | — | $149.7M |
| Q1 26 | 3.1% | — | ||
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 24.4% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 13.9% | ||
| Q2 24 | — | 10.0% |
| Q1 26 | 4.6% | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 13.3% | ||
| Q1 25 | — | 6.4% | ||
| Q4 24 | — | 12.3% | ||
| Q3 24 | — | 16.5% | ||
| Q2 24 | — | 15.9% |
| Q1 26 | 1484.79× | — | ||
| Q4 25 | — | 1.35× | ||
| Q3 25 | 27.67× | 1.61× | ||
| Q2 25 | 6.32× | 1.06× | ||
| Q1 25 | 3.57× | 1.32× | ||
| Q4 24 | 3.95× | 1.52× | ||
| Q3 24 | 7.03× | 1.45× | ||
| Q2 24 | 13.47× | 1.20× |
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% |
ODFL
| LTL Service Revenue | $1.3B | 99% |
| Other Service Revenue | $11.4M | 1% |
