Knight-Swift Transportation Holdings Inc. (KNX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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KNX Revenue Growth
Revenue Breakdown (FY 2025)
KNX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
KNX Revenue Analysis (2014–2025)
As of May 8, 2026, Knight-Swift Transportation Holdings Inc. (KNX) generated trailing twelve-month (TTM) revenue of $7.50 billion, reflecting modest growth of +1.4% year-over-year. The most recent quarter (Q1 2026) recorded $1.85 billion in revenue, down 0.3% sequentially.
Looking at the longer-term picture, KNX's 5-year compound annual growth rate (CAGR) stands at +9.8%, indicating steady revenue expansion. The company achieved its highest annual revenue of $7.47 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows KNX's business is primarily driven by Revenue, excluding truckload fuel surcharge (90%), and Truckload fuel surcharge revenue (10%). With over half of revenue concentrated in Revenue, excluding truckload fuel surcharge, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including WERN (-1.8% YoY), HTLD (-23.1% YoY), and MRTN (-8.3% YoY), KNX has underperformed the peer group in terms of revenue growth. Compare KNX vs WERN →
KNX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| KNXCurrent | $7.5B | +1.4% | +9.8% | 3.4% | |
 WERN | $3.0B | -1.8% | +4.6% | 2.3% | |
 HTLD | $806M | -23.1% | +4.5% | -7.7% | |
 MRTN | $884M | -8.3% | +0.2% | 1.2% | |
 SNDR | $5.7B | +5.5% | +4.5% | 3.0% | |
 ODFL | $5.5B | -5.5% | +6.5% | 24.8% |
KNX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $7.47B | +0.8% | $2.11B | 28.3% | $251.4M | 3.4% |
| 2024 | $7.41B | +3.8% | $1.80B | 24.3% | $243.4M | 3.3% |
| 2023 | $7.14B | -3.9% | $1.96B | 27.5% | $338.2M | 4.7% |
| 2022 | $7.43B | +23.9% | $2.41B | 32.5% | $1.09B | 14.7% |
| 2021 | $6.00B | +28.3% | $1.97B | 32.8% | $965.7M | 16.1% |
| 2020 | $4.67B | -3.5% | $1.46B | 31.2% | $564.4M | 12.1% |
| 2019 | $4.84B | -9.4% | $1.29B | 26.6% | $427.4M | 8.8% |
| 2018 | $5.34B | +120.3% | $1.37B | 25.6% | $569.0M | 10.6% |
| 2017 | $2.43B | +116.9% | $624.3M | 25.7% | $200.6M | 8.3% |
| 2016 | $1.12B | -5.5% | $335.1M | 30.0% | $148.5M | 13.3% |
Full KNX Stock Analysis
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Start ComparisonKNX — Frequently Asked Questions
Quick answers to the most common questions about buying KNX stock.
Is KNX's revenue growth accelerating or slowing?
KNX revenue growth slowed to +1.4%, below the 5-year CAGR of +9.8%. TTM revenue is $7.5B. The deceleration marks a shift from historical growth rates.
What is KNX's long-term revenue growth rate?
Knight-Swift Transportation Holdings Inc.'s 5-year revenue CAGR of +9.8% reflects the variable expansion pattern. Current YoY growth of +1.4% is near this long-term average.
How is KNX's revenue distributed by segment?
KNX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.