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Side-by-side financial comparison of Schneider National, Inc. (SNDR) and WESTERN ALLIANCE BANCORPORATION (WAL). Click either name above to swap in a different company.

Schneider National, Inc. is the larger business by last-quarter revenue ($1.2B vs $1.0B, roughly 1.2× WESTERN ALLIANCE BANCORPORATION). WESTERN ALLIANCE BANCORPORATION runs the higher net margin — 18.6% vs 1.6%, a 16.9% gap on every dollar of revenue. On growth, WESTERN ALLIANCE BANCORPORATION posted the faster year-over-year revenue change (31.0% vs -1.2%). Over the past eight quarters, WESTERN ALLIANCE BANCORPORATION's revenue compounded faster (14.9% CAGR vs -2.8%).

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.

Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 97th on the Forbes list of America's Best Banks.

SNDR vs WAL — Head-to-Head

Bigger by revenue
SNDR
SNDR
1.2× larger
SNDR
$1.2B
$1.0B
WAL
Growing faster (revenue YoY)
WAL
WAL
+32.2% gap
WAL
31.0%
-1.2%
SNDR
Higher net margin
WAL
WAL
16.9% more per $
WAL
18.6%
1.6%
SNDR
Faster 2-yr revenue CAGR
WAL
WAL
Annualised
WAL
14.9%
-2.8%
SNDR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
SNDR
SNDR
WAL
WAL
Revenue
$1.2B
$1.0B
Net Profit
$20.4M
$189.2M
Gross Margin
Operating Margin
2.7%
Net Margin
1.6%
18.6%
Revenue YoY
-1.2%
31.0%
Net Profit YoY
-21.8%
-5.0%
EPS (diluted)
$0.12
$1.65

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.

Revenue
SNDR
SNDR
WAL
WAL
Q1 26
$1.2B
$1.0B
Q4 25
$1.4B
$980.9M
Q3 25
$1.5B
$938.2M
Q2 25
$1.4B
$845.9M
Q1 25
$1.4B
$778.0M
Q4 24
$1.3B
$838.4M
Q3 24
$1.3B
$823.1M
Q2 24
$1.3B
$771.8M
Net Profit
SNDR
SNDR
WAL
WAL
Q1 26
$20.4M
$189.2M
Q4 25
$22.1M
$286.1M
Q3 25
$19.4M
$253.4M
Q2 25
$36.0M
$230.4M
Q1 25
$26.1M
$199.1M
Q4 24
$32.6M
$216.9M
Q3 24
$30.6M
$199.8M
Q2 24
$35.3M
$193.6M
Operating Margin
SNDR
SNDR
WAL
WAL
Q1 26
2.7%
Q4 25
2.6%
36.3%
Q3 25
2.4%
33.4%
Q2 25
3.9%
34.4%
Q1 25
3.0%
31.7%
Q4 24
3.2%
30.9%
Q3 24
3.3%
30.6%
Q2 24
3.9%
32.1%
Net Margin
SNDR
SNDR
WAL
WAL
Q1 26
1.6%
18.6%
Q4 25
1.6%
29.2%
Q3 25
1.3%
27.0%
Q2 25
2.5%
27.2%
Q1 25
1.9%
25.6%
Q4 24
2.4%
25.9%
Q3 24
2.3%
24.3%
Q2 24
2.7%
25.1%
EPS (diluted)
SNDR
SNDR
WAL
WAL
Q1 26
$0.12
$1.65
Q4 25
$0.13
$2.59
Q3 25
$0.11
$2.28
Q2 25
$0.20
$2.07
Q1 25
$0.15
$1.79
Q4 24
$0.19
$1.94
Q3 24
$0.17
$1.80
Q2 24
$0.20
$1.75

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SNDR
SNDR
WAL
WAL
Cash + ST InvestmentsLiquidity on hand
$227.8M
Total DebtLower is stronger
$4.3B
Stockholders' EquityBook value
$3.0B
$7.9B
Total Assets
$4.9B
$98.9B
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SNDR
SNDR
WAL
WAL
Q1 26
$227.8M
Q4 25
$41.8M
Q3 25
$235.7M
Q2 25
$205.1M
Q1 25
$154.3M
Q4 24
$165.5M
Q3 24
$231.6M
Q2 24
$157.2M
Total Debt
SNDR
SNDR
WAL
WAL
Q1 26
$4.3B
Q4 25
$390.9M
$1.4B
Q3 25
$509.8M
$2.9B
Q2 25
$512.7M
$2.9B
Q1 25
$565.8M
$1.6B
Q4 24
$420.8M
$2.4B
Q3 24
$124.7M
$1.4B
Q2 24
$125.8M
$436.0M
Stockholders' Equity
SNDR
SNDR
WAL
WAL
Q1 26
$3.0B
$7.9B
Q4 25
$3.0B
$7.7B
Q3 25
$3.0B
$7.4B
Q2 25
$3.0B
$7.1B
Q1 25
$3.0B
$6.9B
Q4 24
$3.0B
$6.7B
Q3 24
$3.0B
$6.7B
Q2 24
$3.0B
$6.3B
Total Assets
SNDR
SNDR
WAL
WAL
Q1 26
$4.9B
$98.9B
Q4 25
$4.8B
$92.8B
Q3 25
$5.0B
$91.0B
Q2 25
$5.0B
$86.7B
Q1 25
$5.0B
$83.0B
Q4 24
$4.9B
$80.9B
Q3 24
$4.6B
$80.1B
Q2 24
$4.5B
$80.6B
Debt / Equity
SNDR
SNDR
WAL
WAL
Q1 26
0.54×
Q4 25
0.13×
0.18×
Q3 25
0.17×
0.39×
Q2 25
0.17×
0.41×
Q1 25
0.19×
0.23×
Q4 24
0.14×
0.36×
Q3 24
0.04×
0.21×
Q2 24
0.04×
0.07×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SNDR
SNDR
WAL
WAL
Operating Cash FlowLast quarter
$92.9M
Free Cash FlowOCF − Capex
$48.1M
FCF MarginFCF / Revenue
3.9%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
4.55×
TTM Free Cash FlowTrailing 4 quarters
$356.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SNDR
SNDR
WAL
WAL
Q1 26
$92.9M
Q4 25
$186.0M
$-2.7B
Q3 25
$184.2M
$-597.4M
Q2 25
$175.5M
$-357.7M
Q1 25
$91.7M
$-1.7B
Q4 24
$199.5M
$-2.7B
Q3 24
$206.4M
$-1.1B
Q2 24
$182.6M
$-745.8M
Free Cash Flow
SNDR
SNDR
WAL
WAL
Q1 26
$48.1M
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
FCF Margin
SNDR
SNDR
WAL
WAL
Q1 26
3.9%
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%
Capex Intensity
SNDR
SNDR
WAL
WAL
Q1 26
3.6%
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%
Cash Conversion
SNDR
SNDR
WAL
WAL
Q1 26
4.55×
Q4 25
8.42×
-9.36×
Q3 25
9.49×
-2.36×
Q2 25
4.88×
-1.55×
Q1 25
3.51×
-8.31×
Q4 24
6.12×
-12.64×
Q3 24
6.75×
-5.35×
Q2 24
5.17×
-3.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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