Knight-Swift Transportation (KNX)
Market Price (12/29/2025): $53.305 | Market Cap: $8.7 BilSector: Industrials | Industry: Cargo Ground Transportation
Knight-Swift Transportation (KNX)
Market Price (12/29/2025): $53.305Market Cap: $8.7 BilSector: IndustrialsIndustry: Cargo Ground Transportation
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% | Weak multi-year price returns2Y Excs Rtn is -53%, 3Y Excs Rtn is -73% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 61x |
| Low stock price volatilityVol 12M is 39% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.1% | |
| Megatrend and thematic driversMegatrends include Future of Freight, and E-commerce & DTC Adoption. Themes include Autonomous Trucks, Freight Technology, Show more. | Key risksKNX key risks include [1] integration challenges and higher operating costs in its LTL unit from recent acquisitions and [2] significant one-time charges related to exiting its third-party insurance business and settling large auto liability claims. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Low stock price volatilityVol 12M is 39% |
| Megatrend and thematic driversMegatrends include Future of Freight, and E-commerce & DTC Adoption. Themes include Autonomous Trucks, Freight Technology, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -53%, 3Y Excs Rtn is -73% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 61x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.1% |
| Key risksKNX key risks include [1] integration challenges and higher operating costs in its LTL unit from recent acquisitions and [2] significant one-time charges related to exiting its third-party insurance business and settling large auto liability claims. |
Why The Stock Moved
Qualitative Assessment
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1. Strong Earnings Growth Forecasts
Analysts project Knight-Swift Transportation Holdings's annual earnings growth rate for 2025-2027 to be 50.39%, which is forecast to outperform both the US Trucking industry's average forecast earnings growth rate of 17.41% and the US market's average of 42.48%.
2. Positive Revenue Growth Outlook
For the period of 2025-2027, Knight-Swift Transportation Holdings has a forecast annual revenue growth rate of 4.48%, which is expected to surpass the US Trucking industry's average forecast revenue growth rate of 3.59%.
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Stock Movement Drivers
Fundamental Drivers
The 34.9% change in KNX stock from 9/28/2025 to 12/28/2025 was primarily driven by a 56.5% change in the company's P/E Multiple.| 9282025 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 39.51 | 53.29 | 34.88% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 7427.26 | 7477.64 | 0.68% |
| Net Income Margin (%) | 2.22% | 1.90% | -14.29% |
| P/E Multiple | 38.86 | 60.81 | 56.48% |
| Shares Outstanding (Mil) | 162.13 | 162.31 | -0.11% |
| Cumulative Contribution | 34.88% |
Market Drivers
9/28/2025 to 12/28/2025| Return | Correlation | |
|---|---|---|
| KNX | 34.9% | |
| Market (SPY) | 4.3% | 25.6% |
| Sector (XLI) | 3.0% | 35.1% |
Fundamental Drivers
The 19.3% change in KNX stock from 6/29/2025 to 12/28/2025 was primarily driven by a 26.8% change in the company's P/E Multiple.| 6292025 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 44.68 | 53.29 | 19.28% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 7411.97 | 7477.64 | 0.89% |
| Net Income Margin (%) | 2.04% | 1.90% | -6.57% |
| P/E Multiple | 47.96 | 60.81 | 26.80% |
| Shares Outstanding (Mil) | 161.97 | 162.31 | -0.20% |
| Cumulative Contribution | 19.28% |
Market Drivers
6/29/2025 to 12/28/2025| Return | Correlation | |
|---|---|---|
| KNX | 19.3% | |
| Market (SPY) | 12.6% | 32.6% |
| Sector (XLI) | 7.5% | 42.3% |
Fundamental Drivers
The 1.0% change in KNX stock from 12/28/2024 to 12/28/2025 was primarily driven by a 279.6% change in the company's Net Income Margin (%).| 12282024 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 52.77 | 53.29 | 0.98% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 7477.72 | 7477.64 | -0.00% |
| Net Income Margin (%) | 0.50% | 1.90% | 279.57% |
| P/E Multiple | 227.94 | 60.81 | -73.32% |
| Shares Outstanding (Mil) | 161.86 | 162.31 | -0.27% |
| Cumulative Contribution | 0.98% |
Market Drivers
12/28/2024 to 12/28/2025| Return | Correlation | |
|---|---|---|
| KNX | 1.0% | |
| Market (SPY) | 17.0% | 54.7% |
| Sector (XLI) | 19.2% | 58.3% |
Fundamental Drivers
The 5.4% change in KNX stock from 12/29/2022 to 12/28/2025 was primarily driven by a 556.4% change in the company's P/E Multiple.| 12292022 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 50.58 | 53.29 | 5.36% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 7501.82 | 7477.64 | -0.32% |
| Net Income Margin (%) | 11.69% | 1.90% | -83.73% |
| P/E Multiple | 9.26 | 60.81 | 556.41% |
| Shares Outstanding (Mil) | 160.66 | 162.31 | -1.02% |
| Cumulative Contribution | 5.35% |
Market Drivers
12/29/2023 to 12/28/2025| Return | Correlation | |
|---|---|---|
| KNX | -5.0% | |
| Market (SPY) | 48.4% | 48.6% |
| Sector (XLI) | 41.4% | 56.5% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KNX Return | 18% | 47% | -13% | 11% | -7% | 3% | 59% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| KNX Win Rate | 75% | 67% | 25% | 42% | 42% | 58% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| KNX Max Drawdown | -20% | -4% | -28% | -12% | -20% | -28% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See KNX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | KNX | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -29.0% | -25.4% |
| % Gain to Breakeven | 40.8% | 34.1% |
| Time to Breakeven | 260 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -28.1% | -33.9% |
| % Gain to Breakeven | 39.1% | 51.3% |
| Time to Breakeven | 71 days | 148 days |
| 2018 Correction | ||
| % Loss | -51.8% | -19.8% |
| % Gain to Breakeven | 107.5% | 24.7% |
| Time to Breakeven | 840 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -41.0% | -56.8% |
| % Gain to Breakeven | 69.6% | 131.3% |
| Time to Breakeven | 379 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Knight-Swift Transportation's stock fell -29.0% during the 2022 Inflation Shock from a high on 12/29/2021. A -29.0% loss requires a 40.8% gain to breakeven.
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AI Analysis | Feedback
- The BNSF or Union Pacific of the trucking world, moving large volumes of freight across North America on roads.
- The UPS or FedEx for full truckload freight, handling large shipments for businesses rather than small packages.
- Like Delta Airlines for goods, providing a vast network for cargo transportation across the country.
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- Truckload Shipping: Provides point-to-point transportation of full truckloads of freight using dry vans and refrigerated trailers across North America.
- Intermodal Shipping: Offers integrated transportation solutions by combining truck and rail services for efficient, long-haul freight movement.
- Logistics Services: Delivers comprehensive supply chain management, including freight brokerage, dedicated contract carriage, and managed transportation solutions.
AI Analysis | Feedback
Knight-Swift Transportation (symbol: KNX) primarily sells its transportation and logistics services to other companies (B2B).
According to its most recent annual reports (including the 2023 10-K), Knight-Swift Transportation does not have any single customer that accounts for 10% or more of its consolidated revenues. The company maintains a highly diversified customer base to mitigate customer concentration risk.
Therefore, while specific major customer companies cannot be listed by name and symbol, Knight-Swift serves a broad range of industries. Its customer base includes companies in sectors such as:
- Retail
- Automotive
- Food and Beverage
- Consumer Packaged Goods
- Manufacturing
- Various other industrial and commercial sectors requiring freight transportation and logistics solutions across North America.
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- Daimler Truck AG (DTG)
- PACCAR Inc. (PCAR)
- Wabash (WNC)
- Michelin (ML)
- Cummins Inc. (CMI)
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Adam Miller, Chief Executive Officer
Adam Miller became the Chief Executive Officer of Knight-Swift Transportation Holdings Inc. in February 2024. He joined Knight Transportation in September 2002 and held various accounting and finance positions before becoming the Controller of Knight Refrigerated, LLC from January 2006 to February 2011. He then served as Senior Vice President of Accounting and Finance from February 2011 to May 2012. Mr. Miller was appointed CFO of Knight Transportation in May 2012, also serving as Secretary and Treasurer. Following the merger with Swift Transportation in September 2017, he was appointed CFO of Knight-Swift Transportation Holdings Inc. Mr. Miller played important roles in the 2017 Knight-Swift merger and several subsequent mergers and acquisitions. He holds a Bachelor of Science degree in Accounting from Arizona State University and is a Certified Public Accountant.
Andrew Hess, Chief Financial Officer
Andrew Hess was appointed Chief Financial Officer of Knight-Swift Transportation Holdings Inc. in February 2024. He joined Knight-Swift five years prior and led the company's merger and acquisition activities over the last three years, playing a critical role in the acquisitions of AAA Cooper Transportation, MME, and U.S. Xpress Enterprises. Mr. Hess previously served as Senior Vice President of Finance and Corporate Development for Knight-Swift since January 2021, and as Senior Vice President of Finance for Swift Transportation since May 2023. Before that, he was Senior Vice President of Finance for Knight Transportation starting in April 2019. Prior to joining Knight-Swift, Mr. Hess served as Vice President and Chief Financial Officer of Aerospace Services & Connectivity at Honeywell International, Inc. from December 2016 to April 2019. He earned a Bachelor of Arts degree in International Relations and a Master of Business Administration (MBA) degree from Brigham Young University.
Kevin P. Knight, Executive Chairman of the Board
Kevin P. Knight co-founded Knight Transportation in 1990 with his cousins. He has served as Chairman of Knight's Board of Directors since May 1999, including as Executive Chairman since January 2015, and was CEO of Knight from 1993 through December 2014. He has been an officer and director of the company since 1990. Prior to co-founding Knight Transportation, Mr. Knight was employed by Swift Transportation from 1975 to 1984 and again from 1986 to 1990, where he served as Executive Vice President. Concurrently, from 1988 to 1990, he was President of Cooper Motor Lines, Inc., a former Swift subsidiary.
Gary J. Knight, Vice Chairman of the Board
Gary J. Knight co-founded Knight Transportation in 1990. He has served as Vice Chairman of Knight's board of directors since 2004. Mr. Knight was President of Knight from 1993 to 2004 and has been an officer and a member of the Board since 1990. From 1975 until 1990, he was an Executive Vice President at Swift Transportation.
Cary Flanagan, Executive Vice President and Chief Accounting Officer
Cary Flanagan has served as Executive Vice President and Chief Accounting Officer of Knight-Swift Transportation Holdings Inc. since September 2017. Before this, he was Swift Transportation's Vice President and Corporate Controller from 2008 to September 2017 and its Director of Financial Reporting from 2006 to 2008. Prior to joining Swift, Mr. Flanagan held various accounting positions from 1994 to 2006, including Audit Manager with KPMG LLP from 2000 to 2004 and Audit Senior at Perkins & Co. from 1996 to 2000. He earned a Bachelor's degree in Accounting from the University of Puget Sound and is a Certified Public Accountant.
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The key risks to Knight-Swift Transportation (KNX) are:-
Industry Cyclicality, Competition, and Freight Demand Fluctuations: The transportation industry is highly competitive, and Knight-Swift is significantly impacted by intense competition among trucking companies, leading to pressure on pricing and reduced profit margins. The company also faces challenges from industry overcapacity and weak freight demand, which have contributed to disappointing financial performance and a deterioration in core trucking and logistics markets.
-
Economic Headwinds and Trade Policy Uncertainty: Knight-Swift's business is susceptible to broader economic conditions. Changes in trade policy have specifically been cited by management as weighing on customer decision-making, resulting in reduced quarterly guidance and a lack of visibility for future outlooks. Such uncertainty can lead to customers delaying decisions and managing inventories more tightly.
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Challenges with Acquisitions and Divestitures: The company has experienced higher operating ratios in its less-than-truckload (LTL) unit due to startup costs at new facilities and ongoing integration costs from acquisitions. Additionally, Knight-Swift has incurred significant one-time charges, including a loss contingency related to the exit of its third-party insurance business and large auto liability claim settlements, highlighting risks associated with strategic corporate actions and their execution.
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The emergence of autonomous trucking technology represents a clear emerging threat. Companies such as Waymo Via, Aurora, and Gatik are actively developing, testing, and, in some cases, commercially deploying driverless trucks for middle-mile and long-haul freight operations. This technology has the potential to dramatically reduce labor costs, which are the largest operational expense for truckload carriers like Knight-Swift, and to reshape freight networks and efficiency paradigms. While widespread adoption is still in development, the advancements and increasing pilot programs demonstrate a tangible shift that could fundamentally disrupt the traditional trucking business model.
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The addressable markets for Knight-Swift Transportation's main products and services primarily span the United States and North America.
U.S. Logistics Market
The U.S. logistics market generated a revenue of USD 455.4 billion in 2024 and is projected to reach USD 671.2 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 6.7% from 2025 to 2030. Another estimate values the U.S. freight and logistics market size at USD 1,381.09 billion in 2025, with an expected increase to USD 1,667.74 billion by 2030, at a CAGR of 3.84%.
U.S. Full-Truckload (FTL) Market
The United States full-truck-load (FTL) market is estimated at USD 448.65 billion in 2025 and is projected to reach USD 534.86 billion by 2030, growing at a CAGR of 3.58%. Additionally, the U.S. truckload market, in general, sees over $875 billion annually in gross freight revenues.
U.S. Less-Than-Truckload (LTL) Market
The United States Less-than-Truck-Load (LTL) market size reached USD 114.03 billion in 2025 and is projected to attain USD 139.63 billion by 2030, expanding at a 4.13% CAGR during this forecast period. Another source estimates the U.S. LTL market size at USD 114 billion in 2025, expected to reach USD 139.6 billion by 2030, with a CAGR of 4.13%. The long-haul carriers segment within the LTL market was valued at USD 110.30 billion in 2023.
U.S. Refrigerated (Temperature-Controlled) Transportation Market
The United States refrigerated trucking market size is estimated at USD 30.77 billion in 2025 and is expected to reach USD 42.27 billion by 2030, at a CAGR of 6.56%. In 2023, the U.S. dominated the global refrigerated transport market, accounting for a 79.0% revenue share. The global refrigerated transport market was estimated at USD 123.59 billion in 2023 and is projected to reach USD 216.07 billion by 2030.
North American Intermodal Market
The North American intermodal freight market has an estimated value of $51 billion. The North America intermodal freight transportation market generated a revenue of USD 15.28 billion in 2023 and is expected to reach USD 31.59 billion by 2030, growing at a CAGR of 11.2% from 2024 to 2030.
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Expected Drivers of Future Revenue Growth for Knight-Swift Transportation (KNX)
- Expansion of Less-Than-Truckload (LTL) Business: Knight-Swift Transportation is focused on growing its LTL network customer base and has seen significant year-over-year revenue growth in this segment. The company is consolidating its LTL operations under the AAA Cooper brand to offer a more unified service to customers, indicating a strategic push for continued expansion and market penetration in LTL services.
- Growth in Warehousing and Leasing Businesses: The warehousing and leasing segments have demonstrated substantial revenue and operating income growth. This diversification beyond core trucking services is expected to contribute to overall revenue expansion.
- Improvements in the Intermodal Segment: Knight-Swift's intermodal business is targeting enhanced cost management, network optimization, and equipment utilization. The company anticipates leveraging new rail partnerships within an improving market to drive further progress and revenue in this area.
- Overall Market Recovery and Sequential Improvements: Management expresses cautious optimism regarding a broader market recovery, expecting sequential improvements in both its truckload and LTL segments. A favorable shift in general market conditions for transportation services would directly benefit Knight-Swift's revenue generation across its core operations.
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Share Repurchases
- In April 2022, Knight-Swift's board approved a $350 million share repurchase plan, replacing a previous $250 million authorization from November 2020.
- Under the 2020 plan, approximately $207.2 million (4.2 million shares) were repurchased, including about $149.9 million (2.8 million shares) during 2022.
- As of September 30, 2025, there were no reported share repurchases for the quarter.
Outbound Investments
- In July 2021, Knight-Swift acquired AAA Cooper Transportation, an LTL (less-than-truckload) carrier, for US$1.35 billion.
- In March 2023, the company acquired U.S. Xpress Enterprises Inc. in a deal valued at approximately $808 million, which included paying $324 million for equity and assuming $484 million of debt. This acquisition significantly expanded Knight-Swift's truckload fleet.
- In July 2024, Knight-Swift acquired the less-than-truckload (LTL) division of Dependable Highway Express, Inc. (DHE), further expanding its LTL network, particularly in the Southwest markets.
Capital Expenditures
- Knight-Swift's net capital expenditures for the first quarter of 2025 were $39.4 million.
- For the full year 2025, the company projects net cash capital expenditures to be between $475 million and $525 million.
- Capital expenditures are primarily focused on maintaining and modernizing its extensive fleet of approximately 25,000 tractors and 93,000 trailers, as well as investing in organic growth projects like new terminals and support centers to enhance network coverage and responsiveness.
Latest Trefis Analyses
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|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to KNX. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 18.3% | 18.3% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.5% | 5.5% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 7.1% | 7.1% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.9% | 2.9% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 5.7% | 5.7% | -0.4% |
| 05312019 | KNX | Knight-Swift Transportation | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 34.1% | 51.4% | 0.0% |
| 07312018 | KNX | Knight-Swift Transportation | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -1.0% | 10.9% | -26.1% |
Research & Analysis
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Peer Comparisons for Knight-Swift Transportation
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 65.72 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 12.1% |
| Op Mgn 3Y Avg | 11.9% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 15.8% |
| CFO/Rev 3Y Avg | 17.2% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 12.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 158.8 |
| P/S | 2.8 |
| P/EBIT | 23.6 |
| P/E | 38.5 |
| P/CFO | 16.2 |
| Total Yield | 3.9% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 5.7% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.2% |
| 3M Rtn | 7.5% |
| 6M Rtn | 17.3% |
| 12M Rtn | 11.8% |
| 3Y Rtn | 73.5% |
| 1M Excs Rtn | -1.1% |
| 3M Excs Rtn | 3.2% |
| 6M Excs Rtn | 5.0% |
| 12M Excs Rtn | -4.6% |
| 3Y Excs Rtn | -6.2% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Truckload | 4,699 | 4,531 | 4,098 | 3,786 | |
| Less-than-truckload (LTL) | 1,082 | 1,070 | 396 | 391 | |
| Logistics | 582 | 921 | 817 | 376 | |
| All Other Segments | 462 | 517 | -79 | 189 | 131 |
| Intermodal | 411 | 486 | 459 | ||
| Eliminations | -94 | -95 | 306 | -68 | -48 |
| Knight – Logistics | 353 | ||||
| Knight – Trucking | 3,953 | ||||
| Swift – Intermodal | 455 | ||||
| Total | 7,142 | 7,429 | 5,998 | 4,674 | 4,844 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Truckload | 298 | 747 | 784 | 579 | |
| Less-than-truckload (LTL) | 119 | 127 | 31 | ||
| Logistics | 43 | 134 | 94 | 20 | |
| Eliminations | 0 | ||||
| Intermodal | -11 | 48 | 42 | -1 | |
| All Other Segments | -112 | 37 | 14 | -33 | -68 |
| Knight – Logistics | 22 | ||||
| Knight – Trucking | 469 | ||||
| Swift – Intermodal | 5 | ||||
| Total | 338 | 1,092 | 966 | 564 | 427 |
Price Behavior
| Market Price | $53.29 | |
| Market Cap ($ Bil) | 8.6 | |
| First Trading Date | 10/25/1994 | |
| Distance from 52W High | -8.0% | |
| 50 Days | 200 Days | |
| DMA Price | $47.32 | $43.88 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 12.6% | 21.4% |
| 3M | 1YR | |
| Volatility | 42.0% | 38.9% |
| Downside Capture | 28.09 | 127.14 |
| Upside Capture | 166.51 | 108.48 |
| Correlation (SPY) | 26.3% | 54.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.69 | 0.89 | 0.90 | 1.29 | 1.08 | 1.01 |
| Up Beta | 0.45 | 0.17 | 0.88 | 1.61 | 1.09 | 1.12 |
| Down Beta | -0.81 | 1.71 | 1.22 | 1.09 | 1.00 | 0.94 |
| Up Capture | 134% | 127% | 72% | 106% | 85% | 62% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 9 | 20 | 27 | 57 | 105 | 351 |
| Down Capture | 73% | 38% | 76% | 141% | 117% | 103% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 10 | 20 | 34 | 67 | 141 | 393 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of KNX With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| KNX | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 4.2% | 19.3% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 38.6% | 18.8% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | 0.19 | 0.80 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 58.4% | 54.8% | -6.1% | 8.1% | 45.9% | 22.0% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of KNX With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| KNX | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 6.3% | 13.8% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 31.8% | 17.2% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.25 | 0.65 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 56.2% | 50.5% | 0.5% | 5.2% | 43.4% | 19.9% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 10-Year Data
| Comparison of KNX With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| KNX | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 11.3% | 13.5% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 36.1% | 19.9% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.40 | 0.60 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 50.0% | 46.8% | -2.6% | 11.6% | 35.7% | 11.1% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/22/2025 | -7.1% | -6.1% | -12.0% |
| 7/23/2025 | -0.2% | -7.2% | -6.4% |
| 4/23/2025 | 1.9% | -1.1% | 9.9% |
| 1/22/2025 | 4.7% | 6.1% | -5.2% |
| 10/23/2024 | -1.5% | 0.6% | 6.6% |
| 7/24/2024 | 6.3% | 11.1% | 9.2% |
| 4/17/2024 | -4.4% | -3.1% | -1.7% |
| 1/24/2024 | 1.6% | 0.7% | 2.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 13 | 12 |
| # Negative | 10 | 11 | 12 |
| Median Positive | 2.2% | 6.1% | 8.8% |
| Median Negative | -3.3% | -3.1% | -4.8% |
| Max Positive | 11.7% | 11.1% | 15.6% |
| Max Negative | -7.1% | -8.6% | -12.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10292025 | 10-Q 9/30/2025 |
| 6302025 | 7302025 | 10-Q 6/30/2025 |
| 3312025 | 4302025 | 10-Q 3/31/2025 |
| 12312024 | 2202025 | 10-K 12/31/2024 |
| 9302024 | 10302024 | 10-Q 9/30/2024 |
| 6302024 | 7312024 | 10-Q 6/30/2024 |
| 3312024 | 5012024 | 10-Q 3/31/2024 |
| 12312023 | 2222024 | 10-K 12/31/2023 |
| 9302023 | 11012023 | 10-Q 9/30/2023 |
| 6302023 | 8022023 | 10-Q 6/30/2023 |
| 3312023 | 5032023 | 10-Q 3/31/2023 |
| 12312022 | 2232023 | 10-K 12/31/2022 |
| 9302022 | 11022022 | 10-Q 9/30/2022 |
| 6302022 | 8032022 | 10-Q 6/30/2022 |
| 3312022 | 5042022 | 10-Q 3/31/2022 |
| 12312021 | 2242022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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