Latest Ratios: P/E Ratio 34.6x · EV/EBITDA 8.1x · ROE 3.4%. (2014–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.9B | $4.7B | $5.2B | $4.5B | $4.2B | $4.8B | $3.7B | $3.9B | $3.3B | $4.9B | — |
| Enterprise Value | $5.2B | $5.0B | $5.6B | $4.7B | $4.0B | $4.8B | $3.6B | $3.8B | $3.3B | $5.1B | — |
| P/E Ratio → | 34.60 | 44.97 | 44.36 | 18.99 | 9.14 | 11.80 | 17.39 | 26.29 | 12.28 | 12.53 | — |
| P/S Ratio | 0.82 | 0.82 | 0.97 | 0.82 | 0.63 | 0.85 | 0.81 | 0.81 | 0.66 | 1.12 | — |
| P/B Ratio | 1.62 | 1.54 | 1.73 | 1.53 | 1.47 | 1.98 | 1.79 | 1.73 | 1.55 | 2.59 | — |
| P/FCF | 24.20 | 25.53 | 35.12 | — | 25.70 | 187.95 | 18.46 | 22.68 | 61.27 | — | — |
| P/OCF | 7.64 | 7.32 | 7.52 | 6.67 | 4.89 | 8.47 | 5.95 | 6.08 | 5.84 | 10.61 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.89 | 1.07 | 0.86 | 0.61 | 0.86 | 0.79 | 0.79 | 0.67 | 1.16 | — |
| EV / EBITDA | 8.14 | 8.12 | 9.76 | 6.97 | 4.22 | 5.81 | 6.22 | 7.51 | 5.01 | 9.11 | — |
| EV / EBIT | 30.96 | 29.25 | 33.47 | 14.78 | 6.54 | 8.69 | 12.10 | 17.52 | 8.75 | 18.01 | — |
| EV / FCF | — | 27.49 | 38.48 | — | 24.65 | 188.95 | 18.01 | 22.05 | 61.87 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
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 | 5.3% | 5.3% | 8.3% | 10.2% | 13.9% | 13.6% | 10.6% | 11.2% | 12.5% | 10.9% | 11.9% |
| Operating Margin | 3.0% | 3.0% | 3.1% | 5.4% | 9.1% | 9.5% | 6.3% | 4.4% | 7.6% | 6.4% | 7.2% |
| Net Profit Margin | 1.8% | 1.8% | 2.2% | 4.3% | 6.9% | 7.2% | 4.6% | 3.1% | 5.4% | 8.9% | 3.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.4% | 3.4% | 3.9% | 8.2% | 17.4% | 18.1% | 9.9% | 6.7% | 13.4% | 25.3% | 14.0% |
| ROA | 2.1% | 2.1% | 2.5% | 5.4% | 11.1% | 10.9% | 5.9% | 4.0% | 7.7% | 12.2% | 5.5% |
| ROIC | 3.7% | 3.7% | 3.7% | 7.6% | 17.6% | 18.1% | 10.5% | 7.3% | 13.2% | 10.9% | 13.6% |
| ROCE | 3.9% | 3.9% | 4.0% | 7.8% | 17.3% | 17.1% | 9.2% | 6.6% | 12.6% | 10.7% | 12.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.19 | 0.19 | 0.20 | 0.10 | 0.08 | 0.11 | 0.15 | 0.20 | 0.19 | 0.23 | 0.59 |
| Debt / EBITDA | 0.91 | 0.91 | 1.06 | 0.44 | 0.23 | 0.33 | 0.53 | 0.89 | 0.62 | 0.79 | 1.25 |
| Net Debt / Equity | — | 0.12 | 0.17 | 0.07 | -0.06 | 0.01 | -0.04 | -0.05 | 0.02 | 0.11 | 0.48 |
| Net Debt / EBITDA | 0.58 | 0.58 | 0.85 | 0.29 | -0.18 | 0.03 | -0.15 | -0.22 | 0.05 | 0.36 | 1.02 |
| Debt / FCF | — | 1.96 | 3.36 | — | -1.05 | 1.00 | -0.45 | -0.63 | 0.60 | — | — |
| Interest Coverage | 5.08 | 5.08 | 10.17 | 22.56 | 63.92 | 44.36 | 21.80 | 12.93 | 30.54 | 16.25 | 13.41 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.13 | 2.13 | 1.58 | 1.83 | 2.12 | 1.81 | 2.28 | 3.02 | 2.53 | 2.37 | 1.36 |
| Quick Ratio | 1.95 | 1.95 | 1.46 | 1.64 | 2.04 | 1.77 | 2.20 | 2.87 | 2.42 | 2.19 | 1.25 |
| Cash Ratio | 0.44 | 0.44 | 0.23 | 0.26 | 0.68 | 0.43 | 0.83 | 1.29 | 0.82 | 0.61 | 0.27 |
| Asset Turnover | — | 1.16 | 1.07 | 1.21 | 1.53 | 1.42 | 1.29 | 1.28 | 1.37 | 1.32 | 1.32 |
| Inventory Turnover | 53.83 | 53.83 | 54.00 | 41.90 | 107.24 | 176.91 | 90.69 | 58.63 | 71.59 | 47.02 | 48.08 |
| Days Sales Outstanding | — | 48.33 | 48.81 | 48.51 | 43.21 | 55.30 | 52.59 | 48.73 | 55.30 | 54.56 | 49.10 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | 1.4% | 1.4% | 1.3% | 1.4% | 1.3% | 1.0% | 10.9% | 1.1% | 1.2% | 0.5% | — |
| Payout Ratio | 64.7% | 64.7% | 56.9% | 26.7% | 12.2% | 12.2% | 188.9% | 28.9% | 15.1% | 6.5% | 19.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.9% | 2.2% | 2.3% | 5.3% | 10.9% | 8.5% | 5.7% | 3.8% | 8.1% | 8.0% | — |
| FCF Yield | 4.1% | 3.9% | 2.8% | — | 3.9% | 0.5% | 5.4% | 4.4% | 1.6% | — | — |
| Buyback Yield | 0.3% | 0.3% | 0.6% | 1.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 1.7% | 1.7% | 1.9% | 2.9% | 1.3% | 1.0% | 10.9% | 1.1% | 1.2% | 0.5% | — |
| Shares Outstanding | — | $176M | $176M | $178M | $179M | $178M | $178M | $177M | $177M | $171M | $174M |
Includes 30+ ratios · 12 years · Updated daily
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Quick answers to the most common questions about buying SNDR stock.
Schneider National, Inc.'s current P/E ratio is 34.6x. The historical average is 22.0x. This places it at the 78th percentile of its historical range.
Schneider National, Inc.'s current EV/EBITDA is 8.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.0x.
Schneider National, Inc.'s return on equity (ROE) is 3.4%. The historical average is 12.4%.
Based on historical data, Schneider National, Inc. is trading at a P/E of 34.6x. This is at the 78th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Schneider National, Inc.'s current dividend yield is 1.37% with a payout ratio of 64.7%.
Schneider National, Inc. has 5.3% gross margin and 3.0% operating margin.
Schneider National, Inc.'s Debt/EBITDA ratio is 0.9x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Thin margins against fleet capital needs
Metrics are mathematically derived from official filings.
Earnings Multiple Reflects Depressed Profit Base
Based on the reported figures, SNDR trades at 47.86 times trailing earnings but 26.78 times forward earnings, and at 8.57 times EV/EBITDA, a discount to Knight-Swift's 11.79 times that signals the market is pricing a recovery rather than current earnings power. Investors should monitor whether margin recovery justifies the forward multiple compression.
The gap between trailing and forward P/E implies consensus expects earnings to nearly double as the freight cycle turns, which places the valuation on future delivery rather than the 0.7% to 1.6% quarterly net margins currently reported. Against peers, the EV/EBITDA multiple sits below Knight-Swift and roughly in line with Heartland, which suggests the market is not paying a premium for SNDR's scale. The 0.87 price-to-sales ratio looks reasonable only if the 3.9% operating margin can scale, otherwise the multiple may overstate the business's current economics.
Margins Swing Too Widely to Anchor Earnings
As reported in financial statements, SNDR's gross margin ranged from 4.5% to 9.6% across ten quarters while net margin stayed between 1.3% and 3.2%, indicating pricing and cost pressure that makes any single quarter unreliable as a run-rate. Investors should monitor operating margin rather than gross margin given the classification volatility.
The most recent 6.1% gross margin sits below the 8.5% to 9.6% range seen through 2024 and 2025, suggesting pricing power has softened even as revenue has recovered. Operating margin of 3.9% in 2026Q3 is a more stable signal of earning power, though it still leaves a thin cushion for a capital-intensive trucking operator. The large quarter-to-quarter variance implies that reported profitability depends heavily on freight rate timing rather than structural cost advantages.
Returns Remain Thin Despite Asset Base
Based on SNDR's reported figures, ROIC has hovered between roughly 0.8% and 1.7% over recent quarters with ROE near 1.6% in the latest two periods, well below the cost of capital typically required for a fleet-intensive business. This suggests the $5.0 billion asset base is not yet generating compounding returns.
The gap between ROA of 1.0% and ROE of 1.6% is modest, indicating leverage is contributing little to shareholder returns given the 0.13 debt-to-equity ratio. Goodwill of $337.4 million and net PP&E of $2.7 billion both weigh on invested capital, so returns may be structurally diluted rather than cyclically depressed. Investors should monitor whether ROIC can sustainably exceed the cost of capital as margins recover.
Low Leverage Provides Financial Flexibility
According to reported figures, SNDR's debt-to-EBITDA moved from 4.10 in 2024Q4 to 2.32 in 2026Q3 while interest coverage expanded to 33.53 times, indicating debt service has become considerably more comfortable. Debt-to-equity of 0.13 is well below Knight-Swift's 0.41.
The decline in debt-to-EBITDA reflects both debt reduction and a recovering earnings base, and the sharp rise in interest coverage suggests current obligations are well covered. Low leverage relative to peers gives the company room to fund fleet investment without stressing the balance sheet. Refinancing exposure is not evaluable from the supplied data, so investors should monitor debt maturity schedules in future filings.
Liquidity Strengthened Under Mixed Cash Flow
As reported in financial statements, SNDR's current ratio improved to 2.06 in 2026Q3 from 1.25 in 2025Q1, with cash rising to $326.2 million, which suggests short-term coverage has strengthened meaningfully over the period.
Inventory is negligible for a trucking operator, so the quick ratio of 2.06 equals the current ratio, meaning liquidity does not depend on asset conversion. The current ratio's swings between 1.25 and 2.13 reflect working capital timing rather than a deteriorating structure. Under a severe freight downturn, the cash balance and low debt load would likely provide adequate buffer, though the thin free cash flow margin of -0.2% in the latest quarter warrants continued monitoring.
Cash Flow Metrics May Overstate Earning Power
Based on the reported figures, SNDR's cumulative operating cash flow of roughly $1.6 billion compares with net income of roughly $0.3 billion, a gap driven largely by depreciation add-backs that may flatter the cash earning power of a fleet requiring continuous reinvestment.
Operating cash flow multiples of 2.8 to 9.5 times net income appear high for a trucking company, and much of the gap reflects non-cash depreciation rather than superior economics. Price-to-free-cash-flow of 14.21 may therefore look more attractive than the underlying reinvestment needs justify. Free cash flow yield should be assessed against net capex needs rather than headline operating cash flow, though net capex detail is not fully specified in the supplied data.