KNX Knight-Swift Transportation Holdings Inc.

Overview and Growth

Knight-Swift Transportation Holdings Inc. generated $7.47B of revenue in fiscal 2025, with net income of $65.95M and an operating cash inflow of $1.27B. At $7.47B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $7.41B in fiscal 2024, revenue recorded a 0.8% year-over-year increase. On a per-share basis, diluted EPS was $0.41, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS decreased by 43.8% from $0.73 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. At period end, total assets were $11.96B, framing the scale of the company’s operating and financing commitments. Revenue equaled 0.62x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The reported operating result was $216.06M, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 2.9% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. Net income came to $65.95M, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 0.9% margin after operating costs and the remaining recognized items. The earnings statement records $95.32M of pretax income, the profit base against which the reported tax provision can be assessed. The pretax margin was 1.3%, relating income before taxes directly to revenue. Income tax expense totaled $29.77M, providing the reported tax component that separates pretax and after-tax earnings. Relative to pretax income, the tax provision measured 31.2%, quantifying the portion of pre-tax earnings paid in income tax. Net income equaled 0.9% of period-end equity, showing the earnings generated on shareholders’ book capital. The net-income-to-assets relationship measured 0.6%, showing earnings relative to the full balance sheet. Against $117.63M in fiscal 2024, the current $65.95M bottom line finished below the prior-year result in absolute terms.

Liquidity and Capital Structure

At period end, the $11.96B asset base was financed through $4.86B of liabilities and $7.09B of equity. Current assets were $887.53M against $1.03B of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered only 0.86x of current liabilities, so current liabilities exceeded current assets at period end. Cash and equivalents totaled $220.42M, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 21.4% of current liabilities, showing how much near-term coverage came from cash alone. Borrowings totaled $1.74B, adding a fixed financing obligation alongside the company’s equity capital. Against book equity, debt measured 0.25x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 14.6%, comparing borrowing with the total asset balance. Equity equaled 59.3% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 40.7% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 1.8%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 5.9% lower than fiscal 2024 assets of $12.70B, measuring the company’s own balance-sheet change. Reported equity changed 0.4% from $7.12B in fiscal 2024, placing the current capital base lower year over year. Compared with $218.26M in fiscal 2024, the current cash balance moved 1.0% and finished higher.

Cash Flow and Earnings Quality

The company reported $1.27B of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 19.21x, comparing cash generated by operations with the bottom-line earnings result.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.