Tearsheet

Schneider National (SNDR)

Market Price (12/27/2025): $27.295 | Market Cap: $4.8 Bil
Sector: Industrials | Industry: Cargo Ground Transportation

Schneider National (SNDR)

Market Price (12/27/2025): $27.295
Market Cap: $4.8 Bil
Sector: Industrials
Industry: Cargo Ground Transportation

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%	Weak multi-year price returns 2Y Excs Rtn is -36%, 3Y Excs Rtn is -59%	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.0%
1	Low stock price volatility Vol 12M is 35%		Key risks SNDR key risks include [1] rising insurance-related costs tied to adverse prior-year claims and [2] potential market share loss from lagging in the adoption of automation and digital logistics innovations.
2	Megatrend and thematic drivers Megatrends include Future of Freight, E-commerce Logistics & Data Centers, and Automation & Robotics. Themes include Freight Technology, Show more.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%
1	Low stock price volatility Vol 12M is 35%
2	Megatrend and thematic drivers Megatrends include Future of Freight, E-commerce Logistics & Data Centers, and Automation & Robotics. Themes include Freight Technology, Show more.
3	Weak multi-year price returns 2Y Excs Rtn is -36%, 3Y Excs Rtn is -59%
4	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.0%
5	Key risks SNDR key risks include [1] rising insurance-related costs tied to adverse prior-year claims and [2] potential market share loss from lagging in the adoption of automation and digital logistics innovations.

Valuation, Metrics & Events

	12/27/25	2024	2023	2022	2021
Share Price CYE	$27.30	$28.83	$24.69	$22.40	$25.42
Market Cap CYE ($ Bil)	4.8	5.1	4.3	4.0	4.5
Total Debt ($ Bil)	0.5	0.5	0.3	0.2	0.3
Total Cash ($ Bil)	0.2	0.2	0.2	0.4	0.3
Enterprise Value ($ Bil)	5.1	5.6	4.6	4.2	4.8
Valuation Ratios
P/S TTM	0.9	1.0	0.8	0.6	0.9
P/EBIT TTM	26.5	30.4	14.1	6.8	8.6
P/E TTM	41.9	43.9	18.9	9.1	11.8
P/FCF TTM	42.0	35.0	-35.4	25.6	187.4
Sector Ratios
P/S TTM (Sector)	1.6	1.5	1.4	1.1	1.6
P/EBIT TTM (Sector)	13.0	11.8	11.2	9.1	12.2
P/E TTM (Sector)	17.2	16.5	15.4	12.1	16.0
P/FCF TTM (Sector)	13.6	13.2	12.1	8.4	13.8

	12/27/25	2024	2023
Share Price CYE	$27.30	$28.83	$24.69
Market Cap CYE ($ Bil)	4.8	5.1	4.3
Total Debt ($ Bil)	0.5	0.5	0.3
Total Cash ($ Bil)	0.2	0.2	0.2
Enterprise Value ($ Bil)	5.1	5.6	4.6
Valuation Ratios
P/S TTM	0.9	1.0	0.8
P/EBIT TTM	26.5	30.4	14.1
P/E TTM	41.9	43.9	18.9
P/FCF TTM	42.0	35.0	-35.4
Sector Ratios
P/S TTM (Sector)	1.6	1.5	1.4
P/EBIT TTM (Sector)	13.0	11.8	11.2
P/E TTM (Sector)	17.2	16.5	15.4
P/FCF TTM (Sector)	13.6	13.2	12.1

	SNDR	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	5.6
Rev Chg Q	10.4%	7.3%
Rev Chg LTM	5.5%	6.1%
Rev Chg 3Y Avg	-5.0%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.2
CFO LTM ($ Bil)	0.7
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	3.1%	18.8%
CFO/Rev LTM	11.6%	20.4%
Net Inc Mgn	2.0%	13.1%
VALUATION	HIGH
P/S	0.9	3.3
P/CFO	7.4	15.8
P/FCF	42.0	20.7
P/E	41.9	23.7
STABILITY	GOOD
Debt/Equity	0.11	0.21
Cash/Assets	0.05	0.07

AI Analysis | Feedback

Metric	Value	Date	Source
Truckload Revenue per Truck per Week	$3,923	9302025	Link
Dedicated Average Truck Count Growth (Year-over-Year)	28%	9302025	Link
Intermodal Volume Growth (Year-over-Year)	10%	9302025	Link
Intermodal Revenue per Order Change (Year-over-Year)	-2%	9302025	Link
Logistics Brokerage Volume	Lower than prior year	9302025	Link
Number of Employees	19400	12312024	Link
Company Tractors	12100	12312024	Link
Company Trailers	54400	12312024	Link
Company Containers	27000	12312024	Link
Customer Concentration (Top 10 Customers % of Revenue)	24%	7312025	Link

Recent
12/12/2025	Dividend	Amount: $0.10 Payment On: 1/12/2026
Upcoming
1/29/2026	Earnings Release	Rev: $1.0 Bil (E) EPS: $0.21 (E)

SNDR Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

For Schneider National (SNDR), the approximate 11.2% stock movement from late August 2025 to late December 2025 can be attributed to a combination of factors, including its third-quarter earnings performance, strategic operational adjustments, positive analyst sentiment, and favorable industry regulatory changes.

1. 1. Q3 2025 Earnings Miss and Revised Outlook: On October 30, 2025, Schneider National reported adjusted earnings per share (EPS) of $0.12 for the third quarter of 2025, significantly missing the anticipated $0.20 forecast. This shortfall, despite revenue slightly exceeding expectations at $1.45 billion, led to an 8.77% drop in the stock's pre-market trading. The company also lowered its full-year 2025 adjusted EPS guidance to approximately $0.70 from a previous range of $0.75 to $0.95, citing continued weak freight demand and higher insurance costs. This initially created downward pressure on the stock during the period.

2. 2. Stifel's Analyst Upgrade and Increased Price Target: On December 16, 2025, Stifel maintained its "Buy" rating on Schneider National and raised its price target for SNDR from $25.00 to $29.00. This 16% increase in the price target signals a positive outlook from a significant analyst firm, likely contributing to a rebound and upward momentum for the stock.

3. 3. Optimistic Outlook for 2026 Market Conditions: Despite the challenging third-quarter results and current market conditions, Schneider's management expressed optimism regarding a more constructive market environment in 2026. CEO Mark Rourke noted a belief that the supply side would create a more favorable environment in the coming year, which could have instilled confidence among investors.

4. 4. Strategic Operational Adjustments and Cost Management: In response to market pressures, Schneider outlined strategic actions to enhance profitability and efficiency. These included increasing its exposure to the spot market, reducing its 2025 capital expenditures to approximately $300 million, and implementing non-driver headcount reductions. Such proactive measures aimed at cost savings, improved fleet utilization, and boosting free cash flow were likely viewed positively by the market.

5. 5. Favorable Regulatory Developments in the Trucking Industry: Regulatory changes in 2025, particularly the cancellation by federal regulators in July of proposed rules for truck speed limiters due to insufficient data, provided a favorable environment for the trucking sector. These and other regulatory rollbacks can ease potential operational burdens and costs for transportation companies like Schneider National.

Stock Movement Drivers

Fundamental Drivers

The 28.8% change in SNDR stock from 9/26/2025 to 12/26/2025 was primarily driven by a 41.5% change in the company's P/E Multiple.

	9262025	12262025	Change
Stock Price ($)	21.19	27.29	28.81%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5477.10	5613.80	2.50%
Net Income Margin (%)	2.29%	2.03%	-11.16%
P/E Multiple	29.62	41.93	41.54%
Shares Outstanding (Mil)	175.20	175.30	-0.06%
Cumulative Contribution			28.81%

LTM = Last Twelve Months as of date shown

Market Drivers

9/26/2025 to 12/26/2025

	Return	Correlation
SNDR	28.8%
Market (SPY)	4.3%	32.2%
Sector (XLI)	3.0%	38.5%

Fundamental Drivers

The 12.3% change in SNDR stock from 6/27/2025 to 12/26/2025 was primarily driven by a 22.7% change in the company's P/E Multiple.

	6272025	12262025	Change
Stock Price ($)	24.29	27.29	12.35%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5373.30	5613.80	4.48%
Net Income Margin (%)	2.32%	2.03%	-12.35%
P/E Multiple	34.17	41.93	22.69%
Shares Outstanding (Mil)	175.30	175.30	0.00%
Cumulative Contribution			12.35%

LTM = Last Twelve Months as of date shown

Market Drivers

6/27/2025 to 12/26/2025

	Return	Correlation
SNDR	12.3%
Market (SPY)	12.6%	33.9%
Sector (XLI)	7.5%	42.6%

Fundamental Drivers

The -6.4% change in SNDR stock from 12/26/2024 to 12/26/2025 was primarily driven by a -8.2% change in the company's P/E Multiple.

	12262024	12262025	Change
Stock Price ($)	29.16	27.29	-6.41%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5323.10	5613.80	5.46%
Net Income Margin (%)	2.10%	2.03%	-3.23%
P/E Multiple	45.70	41.93	-8.25%
Shares Outstanding (Mil)	175.20	175.30	-0.06%
Cumulative Contribution			-6.41%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2024 to 12/26/2025

	Return	Correlation
SNDR	-6.4%
Market (SPY)	15.8%	52.8%
Sector (XLI)	18.3%	56.3%

Fundamental Drivers

The 18.4% change in SNDR stock from 12/27/2022 to 12/26/2025 was primarily driven by a 392.6% change in the company's P/E Multiple.

	12272022	12262025	Change
Stock Price ($)	23.04	27.29	18.45%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	6617.50	5613.80	-15.17%
Net Income Margin (%)	7.28%	2.03%	-72.08%
P/E Multiple	8.51	41.93	392.57%
Shares Outstanding (Mil)	178.00	175.30	1.52%
Cumulative Contribution			18.42%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2023 to 12/26/2025

	Return	Correlation
SNDR	10.2%
Market (SPY)	48.0%	45.6%
Sector (XLI)	41.3%	52.9%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
SNDR Return	5%	32%	-12%	10%	17%	-6%	48%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
SNDR Win Rate	67%	75%	42%	42%	50%	67%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
SNDR Max Drawdown	-24%	-1%	-24%	-7%	-19%	-30%
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 SNDR 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

Unique Key	Event	SNDR	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-31.7%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	46.5%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	365 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-30.1%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	43.1%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	74 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-44.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	80.4%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	1,340 days	120 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Schneider National's stock fell -31.7% during the 2022 Inflation Shock from a high on 8/3/2023. A -31.7% loss requires a 46.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Schneider National (SNDR)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Schneider National, Inc., together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. The company operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers standard long-haul and regional shipping services primarily through dry van, bulk, temperature-controlled, and flat-bed equipment, as well as cross dock and customized solutions for time-sensitive loads. The Intermodal segment provides door-to-door container on flat car services, including rail and dray transportation through company-owned containers, chassis, and trucks. The Logistics segment offers freight brokerage, supply chain, and import/export services; value-added services to manage and move its customers' freight; and transloading and warehousing services. It also leases equipment, such as trucks to owner-operators; and provides insurance for the company drivers and owner-operators. Schneider National, Inc. was founded in 1935 and is headquartered in Green Bay, Wisconsin.

AI Analysis | Feedback

They are like the **UPS** or **FedEx** for businesses, specializing in moving entire truckloads of goods and managing supply chains across North America.

Imagine **Union Pacific** or **BNSF**, but for trucks on highways – Schneider operates a massive fleet and manages logistics to move goods across the country for businesses.

AI Analysis | Feedback

Truckload: Provides full truckload transportation services using a variety of equipment types, including dry van, refrigerated, and flatbed trailers.
Intermodal: Offers freight transportation by combining over-the-road trucking with long-haul rail services for improved efficiency and cost-effectiveness.
Logistics (Brokerage & Supply Chain Management): Manages customers' supply chains through freight brokerage, managed transportation, and consulting services.
Dedicated: Supplies custom-tailored fleet and driver solutions exclusively for a single customer's transportation needs.

AI Analysis | Feedback

Schneider National (SNDR) Major Customers

Schneider National (symbol: SNDR) primarily sells its services to other companies (Business-to-Business, or B2B). As a major transportation and logistics provider, it serves a vast and diverse customer base across various industries. Due to the highly competitive nature of the logistics industry and the company's diversified customer portfolio, Schneider National does not publicly disclose the names of its specific major customers. Their financial filings indicate that no single customer accounts for more than 10% of their consolidated operating revenues, reflecting a broad base of clients rather than reliance on a few dominant ones. However, based on the types of services Schneider National offers (truckload, intermodal, logistics, specialized services like refrigerated transport), their major customers typically fall into the following categories: * **Large Retailers and Consumer Packaged Goods (CPG) Companies:** These businesses require extensive and consistent transportation services to move finished goods from manufacturing plants to distribution centers, and from distribution centers to retail stores or e-commerce fulfillment centers. They often utilize a mix of truckload and intermodal solutions to manage their complex supply chains. * **Manufacturers:** Companies across various sectors, including automotive, industrial, electronics, and food processing, rely on Schneider National for the movement of raw materials, components, and finished products throughout their production and distribution networks. This includes both inbound logistics (suppliers to factories) and outbound logistics (factories to distributors/retailers). * **Food and Beverage Companies:** Given Schneider National's capabilities in refrigerated and temperature-controlled transport, many major food and beverage producers and distributors utilize their services to ensure perishable goods are delivered safely and efficiently across the supply chain.

AI Analysis | Feedback

Daimler Truck Holding AG (DTG)
TRATON SE (8TRA)
Volvo AB (VOLV-B)

AI Analysis | Feedback

Mark Rourke, President and Chief Executive Officer

Mark Rourke joined Schneider National in 1987 as a service team leader. He has held various leadership roles with increasing responsibility, including president of Truckload Services and general manager of Schneider Transportation Management. Prior to becoming CEO in April 2019, he served as Executive Vice President and Chief Operating Officer. Rourke serves on the board of directors for the Trucking Alliance and the Green Bay Packers.

Darrell Campbell, Executive Vice President, Chief Financial Officer

Darrell Campbell was appointed Executive Vice President and Chief Financial Officer at Schneider National in September 2023. He is responsible for the company's financial strategies, planning, reporting, finance operations, and investor relations. Before joining Schneider, Campbell was Group Vice President of Strategy and Finance for JM Family Enterprises, Inc., an $18 billion diversified automotive company. He also served as Chief Financial Officer for Carnival Cruise Line and Corporate Treasurer of Carnival Corporation & plc. Campbell gained experience with publicly traded Fortune 500 companies as a partner for PricewaterhouseCoopers, where he led financial statement and internal control audits across multiple industries.

Shaleen Devgun, Executive Vice President, Chief Innovation and Technology Officer

Shaleen Devgun serves as the Executive Vice President and Chief Innovation and Technology Officer at Schneider National.

Jim Filter, Executive Vice President, Group President Of Transportation And Logistics

Jim Filter holds the position of Executive Vice President, Group President of Transportation and Logistics at Schneider National.

Erin Van Zeeland, Chief Commercial Officer, Group Senior Vice President and General Manager of Logistics

Erin Van Zeeland began her career at Schneider in 1993 as a service team leader. She has held numerous roles across the company in Logistics and asset-based divisions, focusing on customer growth and business transformation. Van Zeeland leads Schneider's Logistics segment, which is its fastest-growing business. In 2022, she was named COO with responsibility for the company's sales and marketing strategy, and she also co-leads the Schneider Women's Network.

AI Analysis | Feedback

Here are the key risks to Schneider National (SNDR):

Macroeconomic Uncertainty and Weak Freight Market
Schneider National faces significant headwinds from ongoing macroeconomic uncertainty and a weak freight market. This includes muted demand, lower brokerage volumes, and pricing pressure, all of which negatively impact the company's revenues, freight volumes, and overall earnings. The challenging freight environment has been noted to persist longer than initially forecasted, contributing to disappointing profitability trends.
Insurance-Related Costs
The company is grappling with rising insurance-related costs, particularly those linked to prior-year claims. These adverse costs have directly impacted Schneider's operating expenses and led to a tempered earnings outlook. The ongoing inflationary environment further exacerbates these insurance expenses.
Competition and Technological Advancements
Schneider National's traditional trucking business is threatened by advances in automation and digital logistics. This technological shift poses a risk of market share loss to more agile, tech-focused competitors and exposes the company to higher costs and eroding pricing power if it lags in adopting these innovations.

AI Analysis | Feedback

The clear emerging threat for Schneider National (SNDR) is the rapid development and potential widespread adoption of **autonomous trucking technology**. Several companies, including startups like TuSimple, Waymo Via, Aurora, Kodiak Robotics, and Plus, are actively developing and piloting self-driving trucks capable of long-haul operations. This technology promises to significantly reduce the industry's reliance on human drivers, which represents the largest cost component for traditional asset-based carriers like Schneider National.

As autonomous trucking technology matures and regulatory frameworks evolve, it could lead to a fundamental shift in the competitive landscape. New entrants or existing competitors that successfully leverage autonomous fleets may achieve drastically lower operational costs, enabling them to offer services at significantly reduced rates or achieve superior profit margins. This would put immense pressure on Schneider National's traditional business model, which is heavily invested in and optimized around human-driven fleets, potentially eroding its market share and profitability if it cannot adapt quickly and effectively to this technological disruption.

AI Analysis | Feedback

Schneider National (NYSE: SNDR) operates in several key addressable markets for its transportation and logistics services, primarily across North America. The estimated market sizes for their main products and services are as follows:

Truckload Services: The addressable market for truckload services in the U.S. is estimated by the nation's trucking freight bill. In 2024, this market was approximately $906 billion.
Intermodal Transportation: The North America intermodal freight transportation market is projected to reach approximately $27.52 billion in 2025.
Logistics Services: The U.S. logistics market, which includes services such as brokerage, supply chain management, and warehousing, is anticipated to reach approximately $1,997.6 billion in 2025.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Schneider National (SNDR) over the next 2-3 years:

Expansion of Dedicated Truckload Business: Schneider National is actively expanding its Dedicated Truckload segment through both organic growth and strategic acquisitions, such as the Cowan Systems acquisition. This segment is characterized by contracted freight, providing more stable and predictable revenue streams.
Growth in Intermodal Services: The Intermodal segment has demonstrated consistent volume growth, particularly in Mexico and the Eastern United States, with an emphasis on enhanced network optimization and efficient trade execution.
Strategic Acquisitions: Acquisitions, like the integration of Cowan Systems, are contributing to revenue growth across Truckload and Logistics segments by increasing headcount and equipment, as well as expanding market reach.
Leveraging Technology and Productivity Enhancements: The company is investing in technology and productivity initiatives, including the Schneider FreightPower platform and AI, to enhance brokerage operations, improve asset efficiency, and lower the cost to serve, which in turn supports revenue generation.
Market Recovery and Price Discipline: While operating in a challenging freight market, Schneider National anticipates a gradual market recovery. The company is focused on maintaining pricing discipline and securing low-to-mid single-digit percentage increases in contract freight renewals, which is expected to enhance financial returns as market conditions stabilize.

AI Analysis | Feedback

Share Repurchases

In February 2023, Schneider National authorized a new stock repurchase program allowing for the acquisition of up to $150 million of its Class A and/or Class B common stock over three years.
As of September 30, 2025, the company had repurchased 4.1 million Class B shares, totaling $103.9 million under this program.
The share repurchase program primarily aims to offset the dilutive effect of equity grants to employees.

Share Issuance

Schneider National has 175.30 million shares outstanding, which saw a slight decrease of -0.26% in one year.

Outbound Investments

The company completed the acquisition of Cowan Systems on December 2, 2024, significantly expanding its Dedicated and Logistics services.
On August 1, 2023, Schneider National acquired M&M Transport, a dedicated carrier, further complementing its dedicated operations.
Schneider engages in strategic investments in new technologies and potentially disruptive startup companies to gain a competitive advantage and explore new market opportunities.

Capital Expenditures

Net capital expenditures for the full year 2025 are expected to be approximately $300 million, a revision from earlier guidance of $325 million to $375 million due to pausing tractor orders.
Net capital expenditures were $380 million in 2024 and $573.8 million in 2023.
Capital expenditures are primarily focused on replacement capital and growth capital for the Dedicated and Intermodal segments, as well as investments in fleet and technology.

Better Bets than Schneider National (SNDR)

INDUSTRY: Cargo Ground Transportation

Higher Rev Chg 3Y Avg | Lower P/S (Values for SNDR: -5.0% | 0.9x)

R (2.0% | 0.6x)

Ryder System

RXO (10.0% | 0.4x)

RXO

WERN (-2.1% | 0.6x)

Werner Enterprises

HTLD (11.1% | 0.8x)

Heartland Express

CVLG (-1.8% | 0.5x)

Covenant Logistics

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SNDR: -5.0% | 27.4x)

ODFL (-3.3% | 24.1x)

Old Dominion Freight Line

XPO (38.4% | 23.6x)

Higher Rev Chg 3Y Avg | Lower P/S (Values for SNDR: -5.0% | 0.9x)

FDX (-1.4% | 0.8x)

FedEx

DAL (10.8% | 0.7x)

Delta Air Lines

UAL (13.2% | 0.6x)

United Airlines

LUV (6.8% | 0.8x)

Southwest Airlines

ACM (7.2% | 0.8x)

AECOM

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SNDR: -5.0% | 27.4x)

CAT (4.9% | 23.9x)

Caterpillar

UNP (0.2% | 13.9x)

Union Pacific

DE (-3.4% | 15.1x)

Deere

HON (5.2% | 16.3x)

Honeywell International

ETN (9.7% | 24.8x)

Eaton

Higher Rev Chg LTM (Value for SNDR: 5.5%)

UBER (18.2%)

Uber Technologies

GE (17.7%)

GE Aerospace

BA (10.2%)

Boeing

GEV (9.4%)

GE Vernova

RTX (8.8%)

RTX

Higher Rev Chg 3Y Avg (Value for SNDR: -5.0%)

UBER (19.6%)

Uber Technologies

GE (15.7%)

GE Aerospace

BA (10.1%)

Boeing

RTX (9.4%)

RTX

CAT (4.9%)

Caterpillar

Higher Op Mgn LTM (Value for SNDR: 3.1%)

GE (20.5%)

GE Aerospace

CAT (17.7%)

Caterpillar

RTX (10.3%)

RTX

UBER (9.2%)

Uber Technologies

GEV (3.7%)

GE Vernova

Higher CFO/Rev LTM (Value for SNDR: 11.6%)

UNP (39.6%)

Union Pacific

UBER (18.1%)

Uber Technologies

CAT (17.8%)

Caterpillar

GE (17.2%)

GE Aerospace

DE (16.7%)

Deere

Higher FCF/Rev LTM (Value for SNDR: 2.0%)

UBER (17.5%)

Uber Technologies

GE (14.7%)

GE Aerospace

CAT (11.7%)

Caterpillar

GEV (6.6%)

GE Vernova

RTX (5.5%)

RTX

Higher Total Yield (Value for SNDR: 3.8%)

UBER (9.8%)

Uber Technologies

UNP (7.4%)

Union Pacific

DE (5.3%)

Deere

CAT (4.4%)

Caterpillar

RTX (4.0%)

RTX

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for SNDR: -5.0% | 0.9x)

UNH (11.4% | 0.7x)

UnitedHealth

MCK (12.6% | 0.3x)

McKesson

CVS (7.7% | 0.3x)

CVS Health

DELL (0.2% | 0.8x)

Dell Technologies

GM (8.6% | 0.4x)

General Motors

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SNDR: -5.0% | 27.4x)

MSFT (13.2% | 26.7x)

Microsoft

META (17.3% | 20.4x)

Meta Platforms

JNJ (6.1% | 20.7x)

Johnson & Johnson

V (10.9% | 17.3x)

Visa

HD (1.9% | 16.1x)

Home Depot

Higher Rev Chg LTM (Value for SNDR: 5.5%)

NVDA (65.2%)

NVIDIA

MSFT (15.6%)

Microsoft

GOOGL (13.4%)

Alphabet

AMZN (10.9%)

Amazon.com

AAPL (6.0%)

Apple

Higher Rev Chg 3Y Avg (Value for SNDR: -5.0%)

NVDA (91.6%)

NVIDIA

MSFT (13.2%)

Microsoft

AMZN (11.3%)

Amazon.com

GOOGL (11.0%)

Alphabet

AAPL (1.8%)

Apple

Higher Op Mgn LTM (Value for SNDR: 3.1%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

AMZN (11.4%)

Amazon.com

Higher CFO/Rev LTM (Value for SNDR: 11.6%)

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (39.3%)

Alphabet

AAPL (26.6%)

Apple

AMZN (18.1%)

Amazon.com

Higher FCF/Rev LTM (Value for SNDR: 2.0%)

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

META (23.7%)

Meta Platforms

AAPL (23.5%)

Apple

GOOGL (19.1%)

Alphabet

Higher Total Yield (Value for SNDR: 3.8%)

XOM (9.2%)

Exxon Mobil

JNJ (7.5%)

Johnson & Johnson

JPM (6.4%)

JPMorgan Chase

BRK-B (6.3%)

Berkshire Hathaway

META (3.8%)

Meta Platforms

		Best Bets In Industrials Sector
	SNDR	GATX	VRSK	PAYX	ADT	AGX	PCTY	TDG	FTV	VRRM	CSW
What You Pay
P/E	41.9	19.9	33.4	25.7	10.4	37.5	37.9	36.7	30.6	70.3	35.9
P/EBIT	26.5	9.6	22.8	17.7	5.2	37.6	27.2	18.1	14.9	20.8	27.7
What You Get
Rev Chg Q	10.4%	8.4%	5.9%	18.3%	4.4%	-2.3%	12.5%	11.5%	2.3%	16.1%	21.5%
Rev Chg LTM	5.5%	10.7%	7.3%	12.4%	6.3%	13.5%	13.3%	11.2%	27.9%	8.5%	14.9%
Rev Chg 3Y Avg	-5.0%	10.3%	13.4%	7.9%	3.4%	26.9%	21.4%	17.7%	9.4%	9.1%	11.3%
FCF/Rev 3Y Avg	0.6%	39.2%	33.2%	32.6%	24.7%	24.5%	21.5%	21.0%	20.1%	19.0%	18.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Schneider National Earnings Notes
2	Schneider National Earnings Notes
3	Would You Still Hold Schneider National Stock If It Fell 30%?	Return
4	Schneider National vs Alphabet: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	Schneider National vs Honeywell International: Which Is A Better Investment?	Counter-Intuitive Comparisons
6	Schneider National vs Saia: Which Is A Better Investment?	Counter-Intuitive Comparisons
7	null
8	Better Bet Than SNDR Stock: Pay Less Than Schneider National To Get More From GOOGL, KO
9	Better Bet Than SNDR Stock: Pay Less Than Schneider National To Get More From HON, UNP
10	Better Bet Than SNDR Stock: Pay Less Than Schneider National To Get More From XPO

	Title
0	ARTICLES

Trade Ideas

Select ideas related to SNDR. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	18.3%	18.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.5%	5.5%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	7.1%	7.1%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	2.9%	2.9%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	5.7%	5.7%	-0.4%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for Schneider National

Peers to compare with:

Financials

	SNDR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Schneide.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	27.29	23.26	24.49	305.09	78.16	273.40	52.72
Mkt Cap	4.8	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	5,614	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	175	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	114	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	32	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	651	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	699	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	SNDR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Schneide.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	5.5%	3.2%	13.8%	4.5%	8.9%	6.0%	5.7%
Rev Chg 3Y Avg	-5.0%	-3.9%	6.5%	2.6%	3.7%	1.8%	2.2%
Rev Chg Q	10.4%	4.2%	14.4%	9.1%	7.5%	9.6%	9.4%
QoQ Delta Rev Chg LTM	2.5%	1.1%	3.7%	2.1%	1.8%	2.1%	2.1%
Op Mgn LTM	3.1%	6.6%	4.8%	17.7%	22.5%	31.9%	12.1%
Op Mgn 3Y Avg	4.4%	7.4%	7.2%	16.4%	24.2%	30.8%	11.9%
QoQ Delta Op Mgn LTM	-0.2%	-0.2%	-1.4%	0.6%	0.4%	0.1%	-0.1%
CFO/Rev LTM	11.6%	6.7%	8.5%	20.6%	23.8%	26.6%	16.1%
CFO/Rev 3Y Avg	12.6%	6.8%	12.7%	21.4%	26.1%	28.4%	17.1%
FCF/Rev LTM	2.0%	5.1%	1.8%	18.1%	22.1%	23.5%	11.6%
FCF/Rev 3Y Avg	0.6%	5.5%	4.6%	18.6%	24.6%	25.6%	12.1%

Valuation

	SNDR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Schneide.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	4.8	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	0.9	0.4	1.0	4.4	5.4	10.0	2.7
P/EBIT	26.5	6.8	19.9	25.1	22.5	31.3	23.8
P/E	41.9	8.6	572.7	36.0	29.9	41.0	38.5
P/CFO	7.3	5.9	11.2	21.1	22.5	37.5	16.2
Total Yield	3.8%	14.1%	2.3%	5.0%	5.4%	2.8%	4.4%
Dividend Yield	1.4%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	0.9%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	0.1	0.5	0.7	0.2	0.1	0.0	0.2
Net D/E	0.1	0.3	0.6	0.2	0.0	0.0	0.1

Returns

	SNDR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Schneide.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	21.6%	-1.8%	14.4%	0.6%	2.7%	-1.5%	1.7%
3M Rtn	28.8%	-11.9%	2.7%	7.9%	17.0%	7.1%	7.5%
6M Rtn	12.3%	-4.0%	34.5%	6.6%	15.2%	36.3%	13.8%
12M Rtn	-6.4%	-27.3%	14.2%	39.2%	33.7%	6.0%	10.1%
3Y Rtn	18.4%	-3.8%	67.7%	139.0%	79.5%	113.4%	73.6%
1M Excs Rtn	19.6%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-1.1%
3M Excs Rtn	24.5%	-16.2%	-1.7%	3.6%	12.7%	2.8%	3.2%
6M Excs Rtn	0.1%	-16.3%	22.3%	-5.7%	3.0%	24.0%	1.5%
12M Excs Rtn	-21.0%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	-4.6%
3Y Excs Rtn	-59.2%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

FDIC Bank Data

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/30/2025	2/21/2025	2/23/2024	2/17/2023	2/18/2022	2/19/2021	2/19/2020
Key Financials
Total Revenue	5,614	5,290	5,499	6,604	5,609	4,553	4,747
EBITDA	626	582	703	964	851	587	508
Operating Income	175	165	296	600	544	288	306
Net Income	114	117	238	458	405	212	147
EPS	0.66	0.67	1.35	2.57	2.28	1.19	0.83
Growth Rates
Total Revenue Growth	5.5%	-3.8%	-16.7%	17.8%	23.2%	-4.1%	-4.6%
EBITDA Growth	11.3%	-17.1%	-27.1%	13.3%	44.9%	15.6%	-24.6%
Operating Income Growth	13.4%	-44.3%	-50.6%	10.3%	89.2%	-6.0%	-19.0%
Net Income Growth	2.1%	-50.9%	-47.9%	12.9%	91.5%	44.0%	-45.3%
Margins
EBITDA Margin	11.1%	11.0%	12.8%	14.6%	15.2%	12.9%	10.7%
Operating Income Margin	3.1%	3.1%	5.4%	9.1%	9.7%	6.3%	6.4%
Net Income Margin	2.0%	2.2%	4.3%	6.9%	7.2%	4.6%	3.1%
Cash & Debt
Total Cash	236	166	160	432	294	443	600
Total Debt	522	527	302	215	270	307	361
Net Debt / (Cash)	287	361	143	-217	-24	-136	-239
Cash Flows
Net Cash from Operations	651	686	680	856	566	618	636
Free Cash from Operations	114	147	-128	163	26	199	171
Returns to Shareholders
Dividends	67	67	64	56	50	400	42
Share Repurchases	8	30	67	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/30/2025	7/31/2025	5/1/2025	2/21/2025	11/6/2024	8/1/2024	5/2/2024	2/23/2024	11/2/2023	8/3/2023	4/27/2023	2/17/2023
Key Financials Quarterly
Total Revenue	1,452	1,420	1,402	1,339	1,316	1,317	1,319	1,372	1,352	1,346	1,429	1,562
Ebitda	149	168	156	152	145	154	132	132	146	199	226	234
Operating Income	35	55	42	42	43	51	29	31	47	104	115	143
Net Income	19	36	26	33	31	35	18	27	36	78	98	110
EPS	0.11	0.21	0.15	0.19	0.17	0.20	0.11	0.16	0.20	0.44	0.55	0.62
Key Financials TTM
Total Revenue TTM	5,614	5,477	5,373	5,290	5,323	5,359	5,389	5,499	5,689	6,012	6,413	6,604
Ebitda TTM	626	622	607	582	562	564	609	703	805	917	979	964
Operating Income TTM	175	183	179	165	154	158	210	296	408	507	580	600
Net Income TTM	114	125	125	117	112	117	159	238	321	411	464	458
Growth Rates Quarterly
Total Revenue Growth	10.4%	7.9%	6.3%	-2.4%	-2.7%	-2.2%	-7.7%	-12.2%	-19.3%	-22.9%	-11.8%	-0.8%
EBITDA Growth	2.8%	9.4%	18.8%	15.2%	-1.0%	-22.6%	-41.7%	-43.6%	-43.3%	-23.9%	7.3%	-9.1%
Operating Income Growth	-18.1%	7.8%	46.7%	35.5%	-7.7%	-50.9%	-75.0%	-78.2%	-67.9%	-41.2%	-15.2%	-24.0%
Net Income Growth	-36.6%	2.0%	41.1%	19.0%	-14.0%	-54.5%	-81.1%	-75.1%	-71.7%	-40.3%	6.4%	-17.9%
Margins Quarterly
EBITDA Margin	10.2%	11.8%	11.1%	11.4%	11.0%	11.7%	10.0%	9.6%	10.8%	14.8%	15.8%	15.0%
Operating Income Margin	2.4%	3.9%	3.0%	3.2%	3.3%	3.9%	2.2%	2.3%	3.5%	7.7%	8.0%	9.2%
Net Income Margin	1.3%	2.5%	1.9%	2.4%	2.3%	2.7%	1.4%	2.0%	2.6%	5.8%	6.9%	7.1%
Cash & Debt
Total Cash	236	205	154	166	232	157	124	160	115	304	443	432
Total Debt	522	526	577	527	264	265	306	302	289	216	215	215
Net Debt / (Cash)	287	320	422	361	32	108	182	143	174	-88	-229	-217
Cash Flows Quarterly
FCF from Operations	184	176	92	200	206	183	98	194	183	120	183	278
Cash Flows TTM
FCF from Operations TTM	651	673	680	686	680	657	594	680	764	806	904	856
Returns to Shareholders Quarterly
Dividends	17	17	17	17	17	17	16	16	16	16	16	14
Share Repurchases	-0	-0	8	-0	4	13	13	16	15	36	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	6.1%	9.7%	7.0%	7.6%	9.3%	10.1%	5.3%	7.8%	8.7%	21.9%	25.7%	33.0%
Return on Invested Capital (ROIC) TTM
ROIC TTM	7.9%	8.2%	7.6%	7.2%	8.7%	8.4%	10.3%	14.4%	18.9%	27.1%	32.6%	33.4%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Truckload	2,156	2,237	1,935	1,851	2,077
Logistics	1,394	1,956	1,809	1,129	935
Intermodal	1,051	1,287	1,143	975	1,008
Fuel surcharge	684	862	445	318	466
Other revenues	333	364	365	359	371
Inter-segment eliminations	-119	-102	-88	-80	-110
Total	5,499	6,604	5,609	4,553	4,747

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Truckload	171	352	285	188	59
Intermodal	71	165	155	75	108
Logistics	46	141	92	43	37
Other revenues	9	-58	1	-19	4
Total	296	600	534	287	208

Price Behavior

Price Behavior

Market Price	$27.29
Market Cap ($ Bil)	4.8
First Trading Date	04/06/2017
Distance from 52W High	-9.8%
	50 Days	200 Days
DMA Price	$23.69	$23.53
DMA Trend	down	up
Distance from DMA	15.2%	16.0%
	3M	1YR
Volatility	42.2%	35.0%
Downside Capture	81.11	126.03
Upside Capture	186.81	101.31
Correlation (SPY)	32.2%	52.7%

SNDR Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.62	1.05	1.06	1.21	0.93	0.87
Up Beta	-0.83	-0.30	0.47	1.05	1.02	0.94
Down Beta	-0.29	1.81	1.29	1.06	0.61	0.63
Up Capture	204%	129%	69%	102%	68%	59%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	11	22	27	62	112	372
Down Capture	60%	100%	145%	154%	118%	102%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	9	20	35	62	132	368

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of SNDR With Other Asset Classes (Last 1Y)
	SNDR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-4.2%	19.3%	17.8%	72.1%	8.6%	4.4%	-8.3%
Annualized Volatility	34.8%	18.8%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	-0.07	0.80	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		56.3%	52.8%	-7.0%	13.1%	48.0%	18.6%

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

Based On 5-Year Data

		Comparison of SNDR With Other Asset Classes (Last 5Y)
	SNDR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	7.2%	13.8%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	29.2%	17.2%	17.1%	15.5%	18.7%	18.9%	48.7%
Sharpe Ratio	0.27	0.65	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		55.1%	47.6%	0.9%	10.6%	41.0%	17.9%

Based On 10-Year Data

		Comparison of SNDR With Other Asset Classes (Last 10Y)
	SNDR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	6.6%	13.5%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	30.3%	19.9%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.27	0.60	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		53.6%	49.2%	-3.2%	16.2%	38.4%	11.2%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	5,170,467
Short Interest: % Change Since 11302025	41.7%
Average Daily Volume	1,205,252
Days-to-Cover Short Interest	4.29
Basic Shares Quantity	175,300,000
Short % of Basic Shares	2.9%

Returns Analyses

	Title
0	Would You Still Hold Schneider National Stock If It Fell 30%?
1	Schneider National Stock Return Comparison
2	Schneider National Total Shareholder Return (TSR): -11.9% in 2022 and 6.8% 3-yr returns (above peer average)
3	Schneider National (SNDR) Stock Return: AI Predicts SNDR Average and Excess Return After a Fall or Rise

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/30/2025	-10.5%	-1.1%	1.4%
7/31/2025	-0.2%	1.3%	0.5%
5/1/2025	1.7%	4.2%	7.8%
1/30/2025	1.4%	-0.2%	-11.4%
11/6/2024	4.7%	9.0%	8.4%
8/1/2024	4.3%	1.6%	-0.6%
5/2/2024	2.1%	6.1%	6.6%
2/1/2024	-2.8%	-1.5%	-6.5%
...
SUMMARY STATS
# Positive	13	16	18
# Negative	10	7	5
Median Positive	2.1%	4.3%	4.9%
Median Negative	-1.3%	-1.5%	-6.5%
Max Positive	10.8%	10.0%	16.1%
Max Negative	-12.6%	-14.2%	-19.8%

	Forward Returns
10/30/2025	-10.5%	-1.1%	1.4%
7/31/2025	-0.2%	1.3%	0.5%
5/1/2025	1.7%	4.2%	7.8%
1/30/2025	1.4%	-0.2%	-11.4%
11/6/2024	4.7%	9.0%	8.4%
8/1/2024	4.3%	1.6%	-0.6%
5/2/2024	2.1%	6.1%	6.6%
2/1/2024	-2.8%	-1.5%	-6.5%
11/2/2023	-12.6%	-14.2%	-5.3%
4/27/2023	1.1%	4.4%	2.7%
2/2/2023	10.8%	10.0%	6.6%
10/27/2022	-1.0%	-0.8%	16.1%
7/28/2022	3.2%	0.8%	2.2%
4/28/2022	2.3%	7.2%	5.1%
2/3/2022	-0.4%	0.5%	2.8%
10/28/2021	0.6%	5.3%	3.0%
7/29/2021	5.3%	1.3%	4.7%
4/29/2021	1.6%	6.7%	3.5%
2/3/2021	-1.1%	5.1%	12.1%
10/29/2020	-0.9%	0.2%	1.9%
7/30/2020	-1.5%	-2.0%	8.6%
4/30/2020	-1.7%	-4.7%	8.5%
1/29/2020	1.2%	0.2%	-19.8%
SUMMARY STATS
# Positive	13	16	18
# Negative	10	7	5
Median Positive	2.1%	4.3%	4.9%
Median Negative	-1.3%	-1.5%	-6.5%
Max Positive	10.8%	10.0%	16.1%
Max Negative	-12.6%	-14.2%	-19.8%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	10302025	10-Q 9/30/2025
6302025	7312025	10-Q 6/30/2025
3312025	5012025	10-Q 3/31/2025
12312024	2212025	10-K 12/31/2024
9302024	11062024	10-Q 9/30/2024
6302024	8012024	10-Q 6/30/2024
3312024	5022024	10-Q 3/31/2024
12312023	2232024	10-K 12/31/2023
9302023	11022023	10-Q 9/30/2023
6302023	8032023	10-Q 6/30/2023
3312023	4272023	10-Q 3/31/2023
12312022	2172023	10-K 12/31/2022
9302022	10272022	10-Q 9/30/2022
6302022	7282022	10-Q 6/30/2022
3312022	4292022	10-Q 3/31/2022
12312021	2182022	10-K 12/31/2021

Insider Activity

Expand for Morenull

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Schneider National (SNDR)

Market Price (12/27/2025): $27.295 | Market Cap: $4.8 BilSector: Industrials | Industry: Cargo Ground Transportation

Schneider National (SNDR)

Market Price (12/27/2025): $27.295Market Cap: $4.8 BilSector: IndustrialsIndustry: Cargo Ground Transportation

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

SNDR Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Schneider National (SNDR)

Schneider National (SNDR) Major Customers

Macroeconomic Uncertainty and Weak Freight Market

Insurance-Related Costs

Competition and Technological Advancements

Interactive Breakdown

Better Bets than Schneider National (SNDR)

INDUSTRY: Cargo Ground Transportation

Higher Rev Chg 3Y Avg | Lower P/S (Values for SNDR: -5.0% | 0.9x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SNDR: -5.0% | 27.4x)

Higher Rev Chg LTM (Value for SNDR: 5.5%)

Higher Rev Chg 3Y Avg (Value for SNDR: -5.0%)

Higher Op Mgn LTM (Value for SNDR: 3.1%)

Higher CFO/Rev LTM (Value for SNDR: 11.6%)

Higher FCF/Rev LTM (Value for SNDR: 2.0%)

Higher Total Yield (Value for SNDR: 3.8%)

SECTOR: Industrials

Higher Rev Chg 3Y Avg | Lower P/S (Values for SNDR: -5.0% | 0.9x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SNDR: -5.0% | 27.4x)

Higher Rev Chg LTM (Value for SNDR: 5.5%)

Higher Rev Chg 3Y Avg (Value for SNDR: -5.0%)

Higher Op Mgn LTM (Value for SNDR: 3.1%)

Higher CFO/Rev LTM (Value for SNDR: 11.6%)

Higher FCF/Rev LTM (Value for SNDR: 2.0%)

Higher Total Yield (Value for SNDR: 3.8%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for SNDR: -5.0% | 0.9x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SNDR: -5.0% | 27.4x)

Higher Rev Chg LTM (Value for SNDR: 5.5%)

Higher Rev Chg 3Y Avg (Value for SNDR: -5.0%)

Higher Op Mgn LTM (Value for SNDR: 3.1%)

Higher CFO/Rev LTM (Value for SNDR: 11.6%)

Higher FCF/Rev LTM (Value for SNDR: 2.0%)

Higher Total Yield (Value for SNDR: 3.8%)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Schneider National

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Market Price (12/27/2025): $27.295 | Market Cap: $4.8 Bil
Sector: Industrials | Industry: Cargo Ground Transportation

Market Price (12/27/2025): $27.295
Market Cap: $4.8 Bil
Sector: Industrials
Industry: Cargo Ground Transportation