Knight-Swift Transportation Holdings Inc.

Listed Company

KNXCIK 0001492691NYSELarge AcceleratedTrucking (No Local)FY ends Dec 31

Period

FY 2025

Revenue

$7.47B

Net Income

$65.95M

Total Assets

$11.96B

Equity

$7.08B

Shares Out

162.49M

Op. Cash Flow

$1.27B

KNX$76.66+68.00% · past yearDBEQ Basic

Daily closing prices

Business

Knight-Swift Transportation Holdings Inc. is one of North America's largest diversified freight transportation companies, providing full truckload, LTL (less-than-truckload), intermodal, and logistics services. The company operates a nationwide network of business units and terminals across the US and Mexico, serving customers in retail, food and beverage, consumer products, and manufacturing sectors through owned equipment and contracted third-party carriers. Knight-Swift operates four reportable segments: Truckload, LTL, Logistics, and Intermodal, leveraging regional operating models combined with centralized systems for economies of scale.

Summary from 10-K filed 2026-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	7,470	7,410	7,142	7,429	5,998
Salaries, wages, and benefits	2,956	2,822	2,480	2,174	1,772
Fuel	839	871	878	896	546
Operations and maintenance	548	547	473	423	314
Insurance and claims	385	416	610	456	275
Operating taxes and licenses	135	128	117	111	99
Communications	29	31	30	24	22
Depreciation and amortization of property and equipment	711	718	665	595	523
Amortization of intangibles	77	75	70	65	55
Rental expense	167	172	130	57	55
Purchased transportation	1,129	1,171	1,191	1,445	1,321
Impairments	98	19	2	810,000	299,000
Miscellaneous operating expenses	179	198	157	91	50
Total operating expenses	7,254	7,167	6,804	6,337	5,032
Operating income	216	243	338	1,092	966
Interest income	11	17	22	5	1
Interest expense	−162	−171	−127	−51	—
Other income, net	30	60	38	−26	29
Total other expenses, net	−121	−94	−68	−71	9
Income before income taxes	95	149	270	1,021	975
Income tax expense	30	33	55	249	231
Net income	66	116	216	771	744
Net loss attributable to noncontrolling interest	392,000	2	2	207,000	−360,000
Net income attributable to Knight-Swift	66	118	217	771	743
Other comprehensive (loss) income	−274,000	388,000	2	−2	−563,000
Comprehensive income	66	118	219	769	743
Basic earnings per share	0.41	0.73	1.35	4.75	4.48
Diluted earnings per share	0.41	0.73	1.34	4.73	4.45
Dividends declared per share: (in dollars per share)	0.72	0.64	0.56	0.48	0.38
Basic (in shares)	162	162	161	162	166
Diluted (in shares)	163	162	162	163	167

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	220	218	169	197	261
Cash and cash equivalents restricted	82	148	297	186	87
Trade receivables, net of allowance for doubtful accounts of $30,647 and $37,797, respectively	305	804	889	842	911
Contract balance revenue in transit	10	7	12	16	23
Prepaid expenses	114	123	149	108	91
Assets held for sale	73	83	83	41	8
Income tax receivable	46	37	66	59	909,000
Other current assets	37	29	44	38	26
Total current assets	888	1,449	1,709	1,494	1,414
Revenue equipment	5,568	5,357	5,155	4,429	3,995
Land and land improvements	456	461	427	377	327
Buildings and building improvements	1,017	976	861	726	640
Furniture and fixtures	201	172	157	132	97
Shop and service equipment	95	99	84	60	47
Leasehold improvements	42	39	37	17	14
Gross property and equipment	7,380	7,105	6,721	5,740	5,119
Less: accumulated depreciation and amortization	−2,662	−2,401	−2,104	−1,905	−1,564
Property and equipment, net	4,718	4,703	4,616	3,835	3,555
Operating lease right-of-use-assets	315	373	485	192	148
Goodwill	3,935	3,962	3,849	3,519	3,515
Intangible assets, net	1,936	2,057	2,059	1,777	1,831
Other long-term assets	165	154	153	135	192
Total assets	11,955	12,699	12,871	10,952	10,656
Accounts payable	201	330	355	221	225
Accrued payroll and purchased transportation	195	195	165	171	217
Accrued liabilities	67	64	220	82	129
Claims accruals current portion	247	250	480	312	207
Finance lease liabilities and long-term debt current portion	194	288	460	71	262
Operating lease liabilities current portion	128	121	145	37	35
Accounts receivable securitization current portion	0	459	0	—	0
Total current liabilities	1,031	1,707	1,825	894	1,075
Revolving line of credit	626	232	67	43	260
Long-term debt less current portion	1,028	1,445	1,223	1,025	1,038
Finance lease liabilities less current portion	502	457	407	344	256
Operating lease liabilities less current portion	208	275	371	150	108
Claims accruals less current portion	360	336	315	202	211
Deferred tax liabilities	904	920	952	908	875
Other long-term liabilities	205	210	79	12	12
Total liabilities	4,864	5,582	5,767	3,996	4,112
Commitments and contingencies (Notes 4, 5, 15, 16, and 17)	—	—	—	—	—
Preferred stock, par value $0.01 per share; 10,000 shares authorized; none issued	0	0	0	0	0
Preferred stock, par value	0.01	0.01	0.01	0.01	0.01
Preferred stock, shares authorized	10	10	10	10	10
Common stock, par value $0.01 per share; 500,000 shares authorized; 162,339 and 161,896 shares issued and outstanding as of December 31, 2025 and 2024, respectively.	2	2	2	2	2
Common stock, par value	0.01	0.01	0.01	0.01	0.01
Common stock, shares authorized	500	500	500	500	500
Beginning balance, shares	162	162	161	161	166
Common stock, shares issued	162	162	161	161	166
Additional paid-in capital	4,481	4,447	4,427	4,392	4,351
Accumulated other comprehensive loss	−716,000	−442,000	−830,000	−2	−563,000
Retained earnings	2,601	2,661	2,660	2,554	2,181
Total Knight-Swift stockholders' equity	7,082	7,109	7,087	6,945	6,533
Noncontrolling interest	9	8	17	10	10
Total stockholders equity	7,092	7,117	7,104	6,955	6,543
Total liabilities and stockholders equity	11,955	12,699	12,871	10,952	10,656

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization of property, equipment, and intangibles	788	793	735	660	578
Gain on sale of property and equipment	−71	−34	−65	−93	−75
Deferred income taxes	−16	−22	11	31	40
Non-cash lease expense	164	172	122	42	45
(Gain) loss on equity securities	−910,000	12	−2	52	−4
Other adjustments to reconcile net income to net cash provided by operating activities	35	−22	62	47	45
Trade receivables	486	78	155	59	−215
Income tax receivable	−9	29	−7	−58	3
Accounts payable	−130	15	13	−25	73
Accrued liabilities and claims accrual	1	−222	53	11	41
Operating lease liabilities	−162	−176	−121	−43	−48
Other assets and liabilities	17	42	−13	−19	−24
Net cash provided by operating activities	1,267	799	1,162	1,436	1,190
Proceeds from maturities of held-to-maturity investments	0	530,000	4	10	11
Purchases of held-to-maturity investments	0	0	−30,000	−11	−8
Proceeds from sale of property and equipment, including assets held for sale	292	254	293	183	252
Purchases of property and equipment	−795	−819	−1,072	−801	−534
Expenditures on assets held for sale	−1	−438,000	−833,000	−545,000	−1
Net cash, restricted cash, and equivalents invested in acquisitions	0	−185	−458	−31	−1,496
Acquisition of leased assets	−10	0	0	—	—
Other cash flows (used in) provided by investing activities	−5	−8	6	4	−5
Net cash used in investing activities	−520	−759	−1,228	−646	−1,817
Repayments of finance leases and long-term debt	−1,622	−275	−120	−275	−410
Proceeds from long-term debt	1,000	150	250	0	1,200
Borrowings on revolving lines of credit	925	552	466	333	—
Repayments on revolving lines of credit	−531	−387	−442	−550	—
Borrowings under accounts receivable securitization	79	29	197	140	80
Repayments of accounts receivable securitization	−538	−97	−89	0	−15
Proceeds from common stock issued	5	5	5	7	9
Dividends paid	−117	−104	−91	−78	−64
Other cash flows used in financing activities	−8	−13	−25	−32	−14
Net cash (used in) provided by financing activities	−808	−139	151	−754	779
Net (decrease) increase in cash, restricted cash, and equivalents	−61	−99	84	35	153
Interest	161	174	118	49	19
Income taxes	50	10	40	289	167
Equipment acquired included in accounts payable	5	4	46	35	10
Contingent consideration associated with acquisitions and investments	0	0	174	2	6
Conversion of note receivable to equity investment	0	0	12	0	38
Right-of-use assets obtained in exchange for operating lease liabilities	102	45	73	87	23
Property and equipment obtained in exchange for finance lease liabilities	144	200	182	153	181

Filings

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Frequently asked questions

What is Knight-Swift Transportation Holdings Inc.'s CIK number?

Knight-Swift Transportation Holdings Inc.'s SEC CIK number is 0001492691 (1492691). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Knight-Swift Transportation Holdings Inc.'s SEC filings?

All of Knight-Swift Transportation Holdings Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Knight-Swift Transportation Holdings Inc. last report earnings?

Knight-Swift Transportation Holdings Inc. (KNX) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001492691-26-000034). This is Knight-Swift Transportation Holdings Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Knight-Swift Transportation Holdings Inc.'s most recent earnings 8-K?

Knight-Swift Transportation Holdings Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001492691-26-000034. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Knight-Swift Transportation Holdings Inc.'s latest earnings 8-K →
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