Knight-Swift Transportation Holdings Inc. (KNX) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Trucking
EV/EBITDA
↑
14.08
↑+55% vs avg
5yr avg: 9.07
30Y Low5.0·High56.7
P/FCF
↓
15.78
↓-56% vs avg
5yr avg: 35.93
30Y Low11.2·High108.9
P/B Ratio
↓
1.70
↑+31% vs avg
5yr avg: 1.30
30Y Low0.8·High27.0
ROE
↓
0.9%
↑-84% vs avg
5yr avg: 5.8%
30Y Low1%·High21%
Debt/EBITDA
↑
2.78
↑+36% vs avg
5yr avg: 2.04
30Y Low0.0·High2.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
KNX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Knight-Swift Transportation Holdings Inc. trades at 180.8x earnings, 237% above its 5-year average of 53.6x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 607%. On a free-cash-flow basis, the stock trades at 15.8x P/FCF, 56% below the 5-year average of 35.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.0B | $8.5B | $8.6B | $9.3B | $8.6B | $10.2B | $7.1B | $6.2B | $4.5B | $4.9B | $2.7B |
| Enterprise Value | $14.6B | $11.1B | $11.1B | $11.5B | $9.8B | $11.8B | $8.0B | $6.9B | $5.0B | $5.4B | $2.7B |
| P/E Ratio → | 180.78 | 127.51 | 72.66 | 43.02 | 11.08 | 13.69 | 17.43 | 19.91 | 10.62 | 10.07 | 28.49 |
| P/S Ratio | 1.61 | 1.14 | 1.16 | 1.31 | 1.15 | 1.70 | 1.53 | 1.27 | 0.84 | 2.01 | 2.40 |
| P/B Ratio | 1.70 | 1.20 | 1.21 | 1.31 | 1.23 | 1.56 | 1.21 | 1.09 | 0.82 | 0.93 | 3.40 |
| P/FCF | 15.78 | 11.16 | — | 103.58 | 13.46 | 15.52 | 17.89 | 641.53 | 35.42 | — | 30.25 |
| P/OCF | 9.51 | 6.72 | 10.76 | 8.03 | 5.96 | 8.55 | 7.76 | 7.35 | 5.06 | 15.33 | 11.03 |
P/E links to full P/E history page with 30-year chart
KNX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Knight-Swift Transportation Holdings Inc.'s enterprise value stands at 14.1x EBITDA, 55% above its 5-year average of 9.1x. This is roughly in line with the Industrials sector median of 13.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.49 | 1.49 | 1.62 | 1.32 | 1.97 | 1.70 | 1.42 | 0.94 | 2.23 | 2.41 |
| EV / EBITDA | 14.08 | 10.68 | 10.67 | 10.75 | 5.62 | 7.64 | 7.44 | 7.70 | 5.03 | 13.24 | 10.18 |
| EV / EBIT | 58.21 | 43.19 | 47.18 | 41.57 | 9.84 | 13.23 | 14.06 | 17.23 | 9.38 | 23.12 | 19.20 |
| EV / FCF | — | 14.55 | — | 128.09 | 15.49 | 17.97 | 19.99 | 713.20 | 39.87 | — | 30.36 |
KNX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Knight-Swift Transportation Holdings Inc. earns an operating margin of 3.4%, roughly in line with the Industrials sector average. Operating margins have compressed from 4.7% to 3.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 0.9% is modest, trailing the sector median of 8.2%. ROIC of 2.0% represents below-average returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.3% | 28.3% | 24.3% | 27.5% | 32.5% | 32.8% | 31.2% | 26.6% | 25.6% | 25.7% | 30.0% |
| Operating Margin | 3.4% | 3.4% | 3.3% | 4.7% | 14.7% | 16.1% | 12.1% | 8.8% | 10.6% | 8.3% | 13.3% |
| Net Profit Margin | 0.9% | 0.9% | 1.6% | 3.0% | 10.4% | 12.4% | 8.8% | 6.4% | 7.8% | 20.0% | 8.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.9% | 0.9% | 1.7% | 3.1% | 11.4% | 12.0% | 7.1% | 5.6% | 7.8% | 16.1% | 12.3% |
| ROA | 0.5% | 0.5% | 0.9% | 1.8% | 7.0% | 7.6% | 4.8% | 3.8% | 5.4% | 11.1% | 8.5% |
| ROIC | 2.0% | 2.0% | 1.9% | 2.9% | 10.0% | 9.7% | 6.5% | 5.2% | 7.2% | 4.6% | 13.6% |
| ROCE | 2.3% | 2.3% | 2.1% | 3.1% | 10.9% | 11.0% | 7.4% | 5.8% | 7.9% | 5.0% | 14.6% |
KNX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Knight-Swift Transportation Holdings Inc. carries a Debt/EBITDA ratio of 2.8x, which is moderately leveraged (14% below the sector average of 3.2x). Net debt stands at $2.6B ($2.9B total debt minus $303M cash). Interest coverage of just 1.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.41 | 0.41 | 0.40 | 0.38 | 0.24 | 0.30 | 0.18 | 0.16 | 0.13 | 0.13 | 0.02 |
| Debt / EBITDA | 2.78 | 2.78 | 2.72 | 2.49 | 0.95 | 1.27 | 0.96 | 1.00 | 0.69 | 1.63 | 0.07 |
| Net Debt / Equity | — | 0.37 | 0.34 | 0.31 | 0.19 | 0.25 | 0.14 | 0.12 | 0.10 | 0.10 | 0.01 |
| Net Debt / EBITDA | 2.49 | 2.49 | 2.37 | 2.06 | 0.74 | 1.04 | 0.78 | 0.77 | 0.56 | 1.26 | 0.04 |
| Debt / FCF | — | 3.39 | — | 24.51 | 2.03 | 2.46 | 2.09 | 71.67 | 4.45 | — | 0.11 |
| Interest Coverage | 1.59 | 1.59 | 1.37 | 2.18 | 19.68 | 42.16 | 32.74 | 13.52 | 17.75 | 26.89 | 156.47 |
KNX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.86x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.94x to 0.86x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.86 | 0.86 | 0.85 | 0.94 | 1.67 | 1.32 | 1.10 | 0.90 | 1.48 | 1.51 | 2.42 |
| Quick Ratio | 0.86 | 0.86 | 0.85 | 0.94 | 1.67 | 1.32 | 1.10 | 0.90 | 1.48 | 1.51 | 2.42 |
| Cash Ratio | 0.29 | 0.29 | 0.21 | 0.26 | 0.44 | 0.33 | 0.24 | 0.21 | 0.24 | 0.28 | 0.10 |
| Asset Turnover | — | 0.62 | 0.57 | 0.54 | 0.67 | 0.55 | 0.54 | 0.58 | 0.68 | 0.32 | 1.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 17.63 | 41.78 | 49.40 | 45.46 | 57.02 | 46.76 | 41.63 | 42.92 | 95.43 | 49.34 |
KNX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Knight-Swift Transportation Holdings Inc. returns 1.0% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 178.1%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 0.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.0% | 1.4% | 1.2% | 1.0% | 0.9% | 0.6% | 0.8% | 0.7% | 1.0% | 0.5% | 0.7% |
| Payout Ratio | 178.1% | 178.1% | 88.5% | 42.0% | 10.2% | 8.5% | 13.3% | 13.4% | 10.2% | 5.3% | 20.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.6% | 0.8% | 1.4% | 2.3% | 9.0% | 7.3% | 5.7% | 5.0% | 9.4% | 9.9% | 3.5% |
| FCF Yield | 6.3% | 9.0% | — | 1.0% | 7.4% | 6.4% | 5.6% | 0.2% | 2.8% | — | 3.3% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 3.5% | 0.6% | 2.5% | 1.4% | 4.0% | 0.0% | 1.5% |
| Total Shareholder Yield | 1.0% | 1.4% | 1.2% | 1.0% | 4.4% | 1.2% | 3.3% | 2.1% | 5.0% | 0.5% | 2.2% |
| Shares Outstanding | — | $163M | $162M | $162M | $163M | $167M | $171M | $172M | $178M | $112M | $81M |
Peer Comparison
Compare KNX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 KNXYou | $12B | 180.8 | 14.1 | 15.8 | 28.3% | 3.4% | 0.9% | 2.0% | 2.8 |
 WERN | $2B | -169.5 | 8.8 | — | 5.8% | 2.3% | -1.0% | 2.5% | 2.1 |
 HTLD | $1B | -21.6 | 13.0 | — | -0.9% | -7.7% | -6.6% | -4.8% | 1.7 |
 MRTN | $1B | 80.2 | 11.5 | — | 5.7% | 1.2% | 2.3% | 1.1% | 0.0 |
 SNDR | $6B | 60.5 | 10.7 | 18.0 | 5.3% | 3.0% | 3.4% | 3.7% | 0.9 |
 ODFL | $46B | 45.8 | 26.7 | 48.2 | 32.2% | 24.8% | 23.9% | 23.6% | 0.1 |
 SAIA | $12B | 45.7 | 20.0 | 424.5 | 23.7% | 10.9% | 10.4% | 9.4% | 0.7 |
 XPO | $23B | 75.6 | 22.3 | 71.2 | 12.0% | 8.9% | 18.3% | 9.3% | 3.8 |
 ARCB | $3B | 55.2 | 14.5 | 28.2 | 2.3% | 2.3% | 4.6% | 3.9% | 2.6 |
 TFII | $12B | 28.0 | 9.5 | 12.1 | 12.2% | 6.9% | 16.2% | 9.7% | 2.3 |
 CHRW | $22B | 38.3 | 26.1 | 24.5 | 8.4% | 4.9% | 32.9% | 18.0% | 1.8 |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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KNX — Frequently Asked Questions
Quick answers to the most common questions about buying KNX stock.
What is Knight-Swift Transportation Holdings Inc.'s P/E ratio?
Knight-Swift Transportation Holdings Inc.'s current P/E ratio is 180.8x. The historical average is 39.4x. This places it at the 100th percentile of its historical range.
What is Knight-Swift Transportation Holdings Inc.'s EV/EBITDA?
Knight-Swift Transportation Holdings Inc.'s current EV/EBITDA is 14.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.2x.
What is Knight-Swift Transportation Holdings Inc.'s ROE?
Knight-Swift Transportation Holdings Inc.'s return on equity (ROE) is 0.9%. The historical average is 13.3%.
Is KNX stock overvalued?
Based on historical data, Knight-Swift Transportation Holdings Inc. is trading at a P/E of 180.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Knight-Swift Transportation Holdings Inc.'s dividend yield?
Knight-Swift Transportation Holdings Inc.'s current dividend yield is 0.97% with a payout ratio of 178.1%.
What are Knight-Swift Transportation Holdings Inc.'s profit margins?
Knight-Swift Transportation Holdings Inc. has 28.3% gross margin and 3.4% operating margin.
How much debt does Knight-Swift Transportation Holdings Inc. have?
Knight-Swift Transportation Holdings Inc.'s Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.