Knight Transportation (KNX) AI Stock Analysis

• Market Cap: $6.94B
• Dividend Yield: 1.54%
• Average Volume (3M): 2.84M
• Price to Earnings (P/E): 42.1
• Beta (1Y): 1.18
• Revenue Growth: -2.54%
• EPS Growth: 144.49%
• Country: US
• Employees: 35,300
• Sector: Industrials
• Sector Strength: 83
• Industry: Trucking
• EPS (TTM): 0.35
• Shares Outstanding: 162,302,000
• 10 Day Avg. Volume: 2,895,916
• 30 Day Avg. Volume: 2,840,452
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.38
• Enterprise Value/Revenue: 1.29
• Enterprise Value/Gross Profit: 6.76
• Enterprise Value/Ebitda: 8.93
• 1Y Price Target: $53.25
• Price Target Upside: 23.66% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 16

• Rating: 67 Neutral
• Price Target: $48.00 ▲(11.47% Upside)

Knight Transportation's overall stock score reflects a stable financial performance and positive corporate events, offset by technical indicators suggesting bearish momentum and a high valuation. The earnings call provided a balanced outlook with both growth achievements and market challenges.

Positive Factors

Earnings

Knight-Swift Transportation posted adjusted EPS of $0.35, up 17% year-over-year, above estimates.

Operational Performance

Truckload led with above-target utilization and cost management, mitigating rate pressure.

Negative Factors

Financial Performance

Less-than-Truckload adjusted operating income was down 37% year-over-year, falling short of estimates.

Revenue

Revenue before fuel surcharges was $1 million below estimate.

Knight Transportation Business Overview & Revenue Model

Company Description

Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials. The company also provides logistics and intermodal services, such as brokerage, intermodal, and certain logistics; freight management; and non-trucking services. In addition, it offers various support services, including repair and maintenance shop services, warranty, insurance, and equipment leasing; and trailer parts manufacturing and warehousing services, as well as engages in the driving academy activities. In addition, it offers regional direct services to customers national transportation needs by utilizing carriers for coverage areas outside networks. The company operates a total of 18,019 tractors, which comprises 16,166 company tractors and 1,853 independent contractor tractors, as well as 67,606 trailers; 2,735 tractors and 7,413 trailers; and 597 tractors and 10,847 intermodal containers. It serves retail, food and beverage, consumer products, paper products, transportation and logistics, housing and building, automotive, and manufacturing industries. Knight-Swift Transportation Holdings Inc. was incorporated in 1989 and is headquartered in Phoenix, Arizona.

How the Company Makes Money

Knight Transportation generates revenue primarily through its truckload transportation services. The company operates a fleet of trucks and trailers that transport goods for customers across various industries, charging fees based on mileage, weight, and type of cargo. Key revenue streams include dry van services, which make up a significant portion of their business, as well as refrigerated transport services for temperature-sensitive goods. Additionally, Knight offers logistics services, managing the supply chain needs of customers which adds to its revenue. Strategic partnerships with shippers and a focus on customer service enhance their earnings potential. The company also benefits from operational efficiencies and a strong focus on maintaining a modern, well-maintained fleet, which reduces costs and improves profitability.

Knight Transportation Financial Statement Overview

Summary

Knight Transportation's financials reflect stability with consistent revenue and cash flow generation. The company maintains a strong equity base and prudent debt management, though profitability and ROE could be improved. Overall, the financial position is sound, but there is room for enhanced profitability.

Income Statement

Knight Transportation's income statement showcases solid gross and net profit margins with a Gross Profit Margin of 18.2% and a Net Profit Margin of 2.0% for TTM (Trailing-Twelve-Months). Revenue growth appears stable, with a slight increase from the previous year, indicating consistent business performance. EBIT and EBITDA margins reflect steady operational efficiency, though there is a noticeable decline in EBIT margin from previous years. Overall, the income statement reflects a stable yet not exceptional profitability trajectory in a competitive trucking industry.

Balance Sheet

The balance sheet indicates a stable financial position with a Debt-to-Equity Ratio of 0.19, suggesting prudent financial leverage. Return on Equity (ROE) for TTM is modest at 2.1%, which is quite low and shows room for improvement in generating returns for shareholders. The Equity Ratio stands strong at 56.4%, indicating a robust equity base relative to total assets, providing a cushion against liabilities. Overall, the balance sheet reflects a sound financial structure but with modest shareholder returns.

Cash Flow

Cash flow analysis shows a Free Cash Flow to Net Income Ratio of 0.81 for TTM, indicating a robust cash generation relative to net income, though the Free Cash Flow Growth Rate shows volatility over the years. The Operating Cash Flow to Net Income Ratio is high at 5.77, highlighting strong cash conversion efficiency. However, capital expenditures have been significant, impacting free cash flow. The cash flow statement presents a stable cash-generating capability but with potential pressure from capital investments.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.41B	7.14B	7.43B	6.00B	4.67B
Gross Profit	1.03B	1.25B	1.77B	1.41B	969.12M
EBITDA	1.11B	1.13B	1.77B	1.62B	1.17B
Net Income	117.63M	217.15M	771.33M	743.39M	410.00M
Balance Sheet
Total Assets	12.70B	12.87B	10.95B	10.66B	8.47B
Cash, Cash Equivalents and Short-Term Investments	218.26M	168.54M	196.77M	261.00M	156.70M
Total Debt	3.28B	3.20B	2.09B	2.24B	817.08M
Total Liabilities	5.58B	5.77B	4.00B	4.11B	2.60B
Stockholders Equity	7.11B	7.09B	6.95B	6.53B	5.87B
Cash Flow
Free Cash Flow	-20.09M	90.06M	635.29M	656.06M	398.58M
Operating Cash Flow	799.06M	1.16B	1.44B	1.19B	919.64M
Investing Cash Flow	-759.12M	-1.23B	-646.18M	-1.82B	-480.71M
Financing Cash Flow	-139.40M	150.69M	-754.35M	779.33M	-443.88M

Knight Transportation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 43.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KNX, the sentiment is Negative. The current price of 43.06 is below the 20-day moving average (MA) of 43.23, below the 50-day MA of 44.30, and below the 200-day MA of 48.27, indicating a bearish trend. The MACD of -0.64 indicates Negative momentum. The RSI at 48.04 is Neutral, neither overbought nor oversold. The STOCH value of 87.51 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KNX.

Knight Transportation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SNDR	72 Outperform	$4.31B	34.54	4.20%	1.54%	2.20%	7.86%
ARCB	69 Neutral	$1.67B	10.93	12.50%	0.65%	-6.42%	25.72%
KNX	67 Neutral	$6.94B	42.15	2.33%	1.54%	-2.54%	144.49%
SAIA	66 Neutral	$8.13B	28.20	12.69%	―	4.23%	-23.94%
Sector *	63 Neutral	$10.80B	16.55	6.58%	2.06%	2.37%	-15.86%
WERN	61 Neutral	$1.69B	33.05	3.65%	1.98%	-6.43%	-13.76%
MRTN	58 Neutral	$989.66M	47.31	2.72%	1.98%	-11.77%	-52.06%

Knight Transportation Corporate Events

Knight Transportation Declares Quarterly Cash Dividend

On August 6, 2025, Knight-Swift Transportation Holdings Inc.’s board of directors declared a quarterly cash dividend of $0.18 per share, payable to stockholders of record as of September 5, 2025, with payment expected on September 22, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders.

The most recent analyst rating on (KNX) stock is a Buy with a $62.00 price target. To see the full list of analyst forecasts on Knight Transportation stock, see the KNX Stock Forecast page.

Knight Transportation Secures New $2.5 Billion Credit Facility

On July 8, 2025, Knight-Swift Transportation Holdings Inc. entered into a new $2.5 billion unsecured credit facility, replacing its previous $2.3 billion credit facility and $250 million term loan. This new agreement includes a $1.5 billion revolving line of credit and two term loans, with varying maturity dates extending to 2030. The new credit facility is expected to streamline the company’s financial structure by consolidating its debt under more favorable terms, potentially enhancing its operational flexibility and financial stability.

The most recent analyst rating on (KNX) stock is a Buy with a $62.00 price target. To see the full list of analyst forecasts on Knight Transportation stock, see the KNX Stock Forecast page.