Knight-Swift Transportation Holdings Inc. (KNX)

FairStock Score: 21/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Knight-Swift as a cyclical trucking business, not a bond substitute. The company moves freight across Truckload, LTL, Logistics, and Intermodal, employing 37,100 people. Scale matters, but trucking remains intensely competitive, so I see no wide moat - only cost discipline and network density. The numbers confirm cyclicality: in fiscal 2023, revenue was $7.1B and net income $217.1M, or $1.34 per diluted share. In fiscal 2024, revenue rose to $7.4B but net income fell to $117.6M, or $0.73 per share. In fiscal 2025, revenue was $7.5B while net income dropped to $65.9M, or $0.41 per share. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $1.9B and net income was -$1.3M, or -$0.01 per share. That is a deteriorating earnings trend. FairStock's price-based metrics at the 2026-10-13 close of $63.01 are demanding: P/E 233.37, PEG 8.93, Graham Number $16.14, and a margin of safety of -290.40%. Return on equity is only 0.61%, ROCE 1.33%, though debt-to-equity is moderate at 0.38 and trailing free cash flow is $545.6M, a 5.3% FCF yield. Piotroski is 7/9, but Altman Z is 1.71. Growth has been negative in earnings, even as revenue edged up. I would want evidence of a freight recovery and normalized earning power before calling the price fair. Right now, this looks like a cyclical company priced as if a sharp rebound is already assured. FairStock's Lynch category is CYCLICAL - Trucking: earnings follow the economic cycle.

In plain English: Knight-Swift is a big freight company that moves goods by truck, rail, and logistics services. Its profits have been weak and have fallen a lot from a few years ago, even though sales have grown a little. The stock price looks high compared with those profits, and the business depends on the ups and downs of the freight economy.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer