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Side-by-side financial comparison of Knight-Swift Transportation Holdings Inc. (KNX) and RYDER SYSTEM INC (R). Click either name above to swap in a different company.
RYDER SYSTEM INC is the larger business by last-quarter revenue ($3.1B vs $1.9B, roughly 1.7× Knight-Swift Transportation Holdings Inc.). RYDER SYSTEM INC runs the higher net margin — 3.0% vs 0.0%, a 3.0% gap on every dollar of revenue. On growth, Knight-Swift Transportation Holdings Inc. posted the faster year-over-year revenue change (1.4% vs 1.0%). RYDER SYSTEM INC produced more free cash flow last quarter ($273.0M vs $56.9M). Over the past eight quarters, Knight-Swift Transportation Holdings Inc.'s revenue compounded faster (0.1% CAGR vs -0.9%).
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.
Ryder System, Inc. is an American transportation and logistics company, specializing in truck rental and leasing, fleet management, supply chain management, and transportation management. It also offers full-service leasing, rental and maintenance, used vehicle sales, transportation management, professional drivers, e-commerce fulfillment, and last-mile delivery services. The company is headquartered in Coral Gables, Florida, and operates in the United States and United Kingdom.
KNX vs R — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $3.1B |
| Net Profit | $96.0K | $93.0M |
| Gross Margin | — | — |
| Operating Margin | 1.5% | — |
| Net Margin | 0.0% | 3.0% |
| Revenue YoY | 1.4% | 1.0% |
| Net Profit YoY | -76.6% | -5.1% |
| EPS (diluted) | $-0.01 | $2.34 |
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 | $3.1B | ||
| Q4 25 | $1.9B | $3.2B | ||
| Q3 25 | $1.9B | $3.2B | ||
| Q2 25 | $1.9B | $3.2B | ||
| Q1 25 | $1.8B | $3.1B | ||
| Q4 24 | $1.9B | $3.2B | ||
| Q3 24 | $1.9B | $3.2B | ||
| Q2 24 | $1.8B | $3.2B |
| Q1 26 | $96.0K | $93.0M | ||
| Q4 25 | $-6.8M | $132.0M | ||
| Q3 25 | $7.9M | $138.0M | ||
| Q2 25 | $34.2M | $131.0M | ||
| Q1 25 | $30.6M | $98.0M | ||
| Q4 24 | $69.5M | $135.0M | ||
| Q3 24 | $30.5M | $142.0M | ||
| Q2 24 | $20.3M | $127.0M |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 1.4% | 5.6% | ||
| Q3 25 | 2.6% | 6.0% | ||
| Q2 25 | 3.9% | 5.8% | ||
| Q1 25 | 3.7% | 4.3% | ||
| Q4 24 | 4.2% | 5.7% | ||
| Q3 24 | 4.3% | 5.9% | ||
| Q2 24 | 3.4% | 5.6% |
| Q1 26 | 0.0% | 3.0% | ||
| Q4 25 | -0.4% | 4.2% | ||
| Q3 25 | 0.4% | 4.4% | ||
| Q2 25 | 1.8% | 4.1% | ||
| Q1 25 | 1.7% | 3.1% | ||
| Q4 24 | 3.7% | 4.2% | ||
| Q3 24 | 1.6% | 4.5% | ||
| Q2 24 | 1.1% | 4.0% |
| Q1 26 | $-0.01 | $2.34 | ||
| Q4 25 | $-0.04 | $3.22 | ||
| Q3 25 | $0.05 | $3.32 | ||
| Q2 25 | $0.21 | $3.13 | ||
| Q1 25 | $0.19 | $2.27 | ||
| Q4 24 | $0.43 | $3.09 | ||
| Q3 24 | $0.19 | $3.24 | ||
| Q2 24 | $0.13 | $2.84 |
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 | $182.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.1B | $2.9B |
| Total Assets | $11.9B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $222.8M | $182.0M | ||
| Q4 25 | $220.4M | $198.0M | ||
| Q3 25 | $192.7M | $189.0M | ||
| Q2 25 | $216.3M | $180.0M | ||
| Q1 25 | $209.5M | $151.0M | ||
| Q4 24 | $218.3M | $154.0M | ||
| Q3 24 | $166.3M | $162.0M | ||
| Q2 24 | $186.5M | $164.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $6.8B | ||
| Q3 25 | $1.9B | $7.3B | ||
| Q2 25 | $1.8B | $7.0B | ||
| Q1 25 | $1.8B | $6.7B | ||
| Q4 24 | $1.8B | $6.7B | ||
| Q3 24 | $1.9B | $6.6B | ||
| Q2 24 | $1.6B | $6.5B |
| Q1 26 | $7.1B | $2.9B | ||
| Q4 25 | $7.1B | $3.1B | ||
| Q3 25 | $7.1B | $3.1B | ||
| Q2 25 | $7.1B | $3.1B | ||
| Q1 25 | $7.1B | $3.0B | ||
| Q4 24 | $7.1B | $3.1B | ||
| Q3 24 | $7.1B | $3.1B | ||
| Q2 24 | $7.1B | $3.1B |
| Q1 26 | $11.9B | — | ||
| Q4 25 | $12.0B | $16.4B | ||
| Q3 25 | $12.6B | $16.5B | ||
| Q2 25 | $12.5B | $16.5B | ||
| Q1 25 | $12.6B | $16.4B | ||
| Q4 24 | $12.7B | $16.7B | ||
| Q3 24 | $12.8B | $16.5B | ||
| Q2 24 | $12.6B | $16.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.25× | 2.24× | ||
| Q3 25 | 0.26× | 2.35× | ||
| Q2 25 | 0.26× | 2.27× | ||
| Q1 25 | 0.26× | 2.21× | ||
| Q4 24 | 0.26× | 2.14× | ||
| Q3 24 | 0.26× | 2.17× | ||
| Q2 24 | 0.23× | 2.09× |
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 | $583.0M |
| Free Cash FlowOCF − Capex | $56.9M | $273.0M |
| FCF MarginFCF / Revenue | 3.1% | 8.7% |
| Capex IntensityCapex / Revenue | 4.6% | 13.7% |
| Cash ConversionOCF / Net Profit | 1484.79× | 6.27× |
| TTM Free Cash FlowTrailing 4 quarters | — | $595.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $142.5M | $583.0M | ||
| Q4 25 | $723.2M | $749.0M | ||
| Q3 25 | $217.5M | $442.0M | ||
| Q2 25 | $216.5M | $752.0M | ||
| Q1 25 | $109.4M | $651.0M | ||
| Q4 24 | $274.3M | $558.0M | ||
| Q3 24 | $214.0M | $629.0M | ||
| Q2 24 | $273.4M | $552.0M |
| Q1 26 | $56.9M | $273.0M | ||
| Q4 25 | — | $344.0M | ||
| Q3 25 | — | $-85.0M | ||
| Q2 25 | — | $63.0M | ||
| Q1 25 | — | $137.0M | ||
| Q4 24 | — | $-201.0M | ||
| Q3 24 | — | $30.0M | ||
| Q2 24 | — | $-87.0M |
| Q1 26 | 3.1% | 8.7% | ||
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | -2.7% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | -6.3% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | -2.7% |
| Q1 26 | 4.6% | 13.7% | ||
| Q4 25 | — | 12.8% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 21.6% | ||
| Q1 25 | — | 16.4% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 18.9% | ||
| Q2 24 | — | 20.1% |
| Q1 26 | 1484.79× | 6.27× | ||
| Q4 25 | — | 5.67× | ||
| Q3 25 | 27.67× | 3.20× | ||
| Q2 25 | 6.32× | 5.74× | ||
| Q1 25 | 3.57× | 6.64× | ||
| Q4 24 | 3.95× | 4.13× | ||
| Q3 24 | 7.03× | 4.43× | ||
| Q2 24 | 13.47× | 4.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KNX
Segment breakdown not available.
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
