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Side-by-side financial comparison of Knight-Swift Transportation Holdings Inc. (KNX) and Schneider National, Inc. (SNDR). 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 $1.4B, roughly 1.3× Schneider National, Inc.). Schneider National, Inc. runs the higher net margin — 1.6% vs 0.0%, a 1.6% gap on every dollar of revenue. On growth, Schneider National, Inc. posted the faster year-over-year revenue change (4.5% vs 1.4%). Schneider National, Inc. produced more free cash flow last quarter ($145.5M vs $56.9M). Over the past eight quarters, Schneider National, Inc.'s revenue compounded faster (3.0% CAGR vs 0.1%).
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.
Schneider National, Inc. is an American transportation company that provides truckload, intermodal, and logistics services. Schneider's services include regional, long-haul, expedited, dedicated, bulk, intermodal, brokerage, cross-dock logistics, pool point distribution, supply chain management, and port logistics.
KNX vs SNDR — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.4B |
| Net Profit | $96.0K | $22.1M |
| Gross Margin | — | — |
| Operating Margin | 1.5% | 2.6% |
| Net Margin | 0.0% | 1.6% |
| Revenue YoY | 1.4% | 4.5% |
| Net Profit YoY | -76.6% | -32.2% |
| EPS (diluted) | $-0.01 | $0.13 |
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 | $1.4B | ||
| Q3 25 | $1.9B | $1.5B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.9B | $1.3B | ||
| Q2 24 | $1.8B | $1.3B |
| Q1 26 | $96.0K | — | ||
| Q4 25 | $-6.8M | $22.1M | ||
| Q3 25 | $7.9M | $19.4M | ||
| Q2 25 | $34.2M | $36.0M | ||
| Q1 25 | $30.6M | $26.1M | ||
| Q4 24 | $69.5M | $32.6M | ||
| Q3 24 | $30.5M | $30.6M | ||
| Q2 24 | $20.3M | $35.3M |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 1.4% | 2.6% | ||
| Q3 25 | 2.6% | 2.4% | ||
| Q2 25 | 3.9% | 3.9% | ||
| Q1 25 | 3.7% | 3.0% | ||
| Q4 24 | 4.2% | 3.2% | ||
| Q3 24 | 4.3% | 3.3% | ||
| Q2 24 | 3.4% | 3.9% |
| Q1 26 | 0.0% | — | ||
| Q4 25 | -0.4% | 1.6% | ||
| Q3 25 | 0.4% | 1.3% | ||
| Q2 25 | 1.8% | 2.5% | ||
| Q1 25 | 1.7% | 1.9% | ||
| Q4 24 | 3.7% | 2.4% | ||
| Q3 24 | 1.6% | 2.3% | ||
| Q2 24 | 1.1% | 2.7% |
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.04 | $0.13 | ||
| Q3 25 | $0.05 | $0.11 | ||
| Q2 25 | $0.21 | $0.20 | ||
| Q1 25 | $0.19 | $0.15 | ||
| Q4 24 | $0.43 | $0.19 | ||
| Q3 24 | $0.19 | $0.17 | ||
| Q2 24 | $0.13 | $0.20 |
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 | $41.8M |
| Total DebtLower is stronger | — | $390.9M |
| Stockholders' EquityBook value | $7.1B | $3.0B |
| Total Assets | $11.9B | $4.8B |
| Debt / EquityLower = less leverage | — | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $222.8M | — | ||
| Q4 25 | $220.4M | $41.8M | ||
| Q3 25 | $192.7M | $235.7M | ||
| Q2 25 | $216.3M | $205.1M | ||
| Q1 25 | $209.5M | $154.3M | ||
| Q4 24 | $218.3M | $165.5M | ||
| Q3 24 | $166.3M | $231.6M | ||
| Q2 24 | $186.5M | $157.2M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $390.9M | ||
| Q3 25 | $1.9B | $509.8M | ||
| Q2 25 | $1.8B | $512.7M | ||
| Q1 25 | $1.8B | $565.8M | ||
| Q4 24 | $1.8B | $420.8M | ||
| Q3 24 | $1.9B | $124.7M | ||
| Q2 24 | $1.6B | $125.8M |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.1B | $3.0B | ||
| Q3 25 | $7.1B | $3.0B | ||
| Q2 25 | $7.1B | $3.0B | ||
| Q1 25 | $7.1B | $3.0B | ||
| Q4 24 | $7.1B | $3.0B | ||
| Q3 24 | $7.1B | $3.0B | ||
| Q2 24 | $7.1B | $3.0B |
| Q1 26 | $11.9B | — | ||
| Q4 25 | $12.0B | $4.8B | ||
| Q3 25 | $12.6B | $5.0B | ||
| Q2 25 | $12.5B | $5.0B | ||
| Q1 25 | $12.6B | $5.0B | ||
| Q4 24 | $12.7B | $4.9B | ||
| Q3 24 | $12.8B | $4.6B | ||
| Q2 24 | $12.6B | $4.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.25× | 0.13× | ||
| Q3 25 | 0.26× | 0.17× | ||
| Q2 25 | 0.26× | 0.17× | ||
| Q1 25 | 0.26× | 0.19× | ||
| Q4 24 | 0.26× | 0.14× | ||
| Q3 24 | 0.26× | 0.04× | ||
| Q2 24 | 0.23× | 0.04× |
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 | $186.0M |
| Free Cash FlowOCF − Capex | $56.9M | $145.5M |
| FCF MarginFCF / Revenue | 3.1% | 10.4% |
| Capex IntensityCapex / Revenue | 4.6% | 2.9% |
| Cash ConversionOCF / Net Profit | 1484.79× | 8.42× |
| TTM Free Cash FlowTrailing 4 quarters | — | $285.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $142.5M | — | ||
| Q4 25 | $723.2M | $186.0M | ||
| Q3 25 | $217.5M | $184.2M | ||
| Q2 25 | $216.5M | $175.5M | ||
| Q1 25 | $109.4M | $91.7M | ||
| Q4 24 | $274.3M | $199.5M | ||
| Q3 24 | $214.0M | $206.4M | ||
| Q2 24 | $273.4M | $182.6M |
| Q1 26 | $56.9M | — | ||
| Q4 25 | — | $145.5M | ||
| Q3 25 | — | $56.2M | ||
| Q2 25 | — | $106.4M | ||
| Q1 25 | — | $-22.7M | ||
| Q4 24 | — | $113.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $85.5M |
| Q1 26 | 3.1% | — | ||
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 7.5% | ||
| Q1 25 | — | -1.6% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 6.5% |
| Q1 26 | 4.6% | — | ||
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | 8.2% | ||
| Q2 24 | — | 7.4% |
| Q1 26 | 1484.79× | — | ||
| Q4 25 | — | 8.42× | ||
| Q3 25 | 27.67× | 9.49× | ||
| Q2 25 | 6.32× | 4.88× | ||
| Q1 25 | 3.57× | 3.51× | ||
| Q4 24 | 3.95× | 6.12× | ||
| Q3 24 | 7.03× | 6.75× | ||
| Q2 24 | 13.47× | 5.17× |
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% |
SNDR
| Transportation | $1.3B | 93% |
| Logistics Management | $52.3M | 4% |
| Other | $46.2M | 3% |
