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Side-by-side financial comparison of Knight-Swift Transportation Holdings Inc. (KNX) and PAMT CORP (PAMT). 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 $141.3M, roughly 13.1× PAMT CORP). Knight-Swift Transportation Holdings Inc. runs the higher net margin — 0.0% vs -20.7%, a 20.7% gap on every dollar of revenue. On growth, Knight-Swift Transportation Holdings Inc. posted the faster year-over-year revenue change (1.4% vs -15.1%). Knight-Swift Transportation Holdings Inc. produced more free cash flow last quarter ($56.9M vs $-25.0M). Over the past eight quarters, Knight-Swift Transportation Holdings Inc.'s revenue compounded faster (0.1% CAGR vs -12.0%).
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.
KNX vs PAMT — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $141.3M |
| Net Profit | $96.0K | $-29.3M |
| Gross Margin | — | — |
| Operating Margin | 1.5% | -27.0% |
| Net Margin | 0.0% | -20.7% |
| Revenue YoY | 1.4% | -15.1% |
| Net Profit YoY | -76.6% | 7.4% |
| EPS (diluted) | $-0.01 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $1.9B | $150.3M | ||
| Q2 25 | $1.9B | $151.1M | ||
| Q1 25 | $1.8B | $155.3M | ||
| Q4 24 | $1.9B | $166.5M | ||
| Q3 24 | $1.9B | $182.6M | ||
| Q2 24 | $1.8B | $182.9M |
| Q1 26 | $96.0K | — | ||
| Q4 25 | $-6.8M | $-29.3M | ||
| Q3 25 | $7.9M | $-5.6M | ||
| Q2 25 | $34.2M | $-9.6M | ||
| Q1 25 | $30.6M | $-8.1M | ||
| Q4 24 | $69.5M | $-31.6M | ||
| Q3 24 | $30.5M | $2.4M | ||
| Q2 24 | $20.3M | $-2.9M |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 1.4% | -27.0% | ||
| Q3 25 | 2.6% | -3.8% | ||
| Q2 25 | 3.9% | -7.3% | ||
| Q1 25 | 3.7% | -5.9% | ||
| Q4 24 | 4.2% | -22.6% | ||
| Q3 24 | 4.3% | 1.3% | ||
| Q2 24 | 3.4% | -0.4% |
| Q1 26 | 0.0% | — | ||
| Q4 25 | -0.4% | -20.7% | ||
| Q3 25 | 0.4% | -3.7% | ||
| Q2 25 | 1.8% | -6.4% | ||
| Q1 25 | 1.7% | -5.2% | ||
| Q4 24 | 3.7% | -19.0% | ||
| Q3 24 | 1.6% | 1.3% | ||
| Q2 24 | 1.1% | -1.6% |
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.04 | $-1.38 | ||
| Q3 25 | $0.05 | $-0.27 | ||
| Q2 25 | $0.21 | $-0.46 | ||
| Q1 25 | $0.19 | $-0.37 | ||
| Q4 24 | $0.43 | $-1.44 | ||
| Q3 24 | $0.19 | $0.11 | ||
| Q2 24 | $0.13 | $-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 | $83.7M |
| Total DebtLower is stronger | — | $333.9M |
| Stockholders' EquityBook value | $7.1B | $210.5M |
| Total Assets | $11.9B | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $222.8M | — | ||
| Q4 25 | $220.4M | $83.7M | ||
| Q3 25 | $192.7M | $115.6M | ||
| Q2 25 | $216.3M | $117.3M | ||
| Q1 25 | $209.5M | $102.7M | ||
| Q4 24 | $218.3M | $110.7M | ||
| Q3 24 | $166.3M | $92.3M | ||
| Q2 24 | $186.5M | $114.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $333.9M | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | $325.6M | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.6B | — |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.1B | $210.5M | ||
| Q3 25 | $7.1B | $239.5M | ||
| Q2 25 | $7.1B | $244.9M | ||
| Q1 25 | $7.1B | $269.6M | ||
| Q4 24 | $7.1B | $277.5M | ||
| Q3 24 | $7.1B | $308.9M | ||
| Q2 24 | $7.1B | $306.7M |
| Q1 26 | $11.9B | — | ||
| Q4 25 | $12.0B | $697.9M | ||
| Q3 25 | $12.6B | $715.2M | ||
| Q2 25 | $12.5B | $707.9M | ||
| Q1 25 | $12.6B | $712.6M | ||
| Q4 24 | $12.7B | $741.7M | ||
| Q3 24 | $12.8B | $756.7M | ||
| Q2 24 | $12.6B | $733.5M |
| Q1 26 | — | — | ||
| Q4 25 | 0.25× | 1.59× | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 0.26× | 1.17× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $56.9M | $-25.0M |
| FCF MarginFCF / Revenue | 3.1% | -17.7% |
| Capex IntensityCapex / Revenue | 4.6% | 13.6% |
| Cash ConversionOCF / Net Profit | 1484.79× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $142.5M | — | ||
| Q4 25 | $723.2M | $-5.8M | ||
| Q3 25 | $217.5M | $5.9M | ||
| Q2 25 | $216.5M | $12.2M | ||
| Q1 25 | $109.4M | $5.0M | ||
| Q4 24 | $274.3M | $15.2M | ||
| Q3 24 | $214.0M | $15.5M | ||
| Q2 24 | $273.4M | $18.7M |
| Q1 26 | $56.9M | — | ||
| Q4 25 | — | $-25.0M | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | — | $5.9M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-39.9M | ||
| Q3 24 | — | $-33.6M | ||
| Q2 24 | — | $4.1M |
| Q1 26 | 3.1% | — | ||
| Q4 25 | — | -17.7% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -4.4% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | — | -18.4% | ||
| Q2 24 | — | 2.2% |
| Q1 26 | 4.6% | — | ||
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 33.1% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | — | 8.0% |
| 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× | 6.44× | ||
| 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% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
