Knight-Swift Transportation Holdings Inc.

KNX 10-Q · Q1 2026

KNX Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 1,850,223 1,824,362 +1.4%
Show Product Lines breakouts
Revenue, excluding truckload and LTL fuel surcharge 1,638,032 1,632,963 +0.3%
Truckload and LTL fuel surcharge 212,191 191,399 +10.9%
Show Business Segments breakouts
Intermodal [Member] · Operating Segments 93,589 91,103 +2.7%
Logistics [Member] · Operating Segments 127,608 141,621 -9.9%
LTL · Operating Segments 368,364 352,401 +4.5%
Truckload [Member] · Operating Segments 1,202,166 1,192,550 +0.8%
Show Consolidation Items breakouts
Corporate Non Segment 81,202 71,565 +13.5%
Intersegment Elimination -22,706 -24,878 +8.7%
Show Related Party Transaction breakouts
Facility and Equipment Leases [Member] · Other Affiliates 307 223 +37.7%
Total Costs & Expenses 1,821,639 1,757,699 +3.6%
Show Business Segments breakouts
Intermodal [Member] · Operating Segments 95,013 92,915 +2.3%
Logistics [Member] · Operating Segments 123,985 136,478 -9.2%
LTL · Operating Segments 371,929 339,707 +9.5%
Truckload [Member] · Operating Segments 1,165,108 1,147,950 +1.5%
Show Consolidation Items breakouts
Corporate Non Segment 88,310 65,527 +34.8%
Intersegment Elimination -22,706 -24,878 +8.7%
Show Related Party Transaction breakouts
Facility and Equipment Leases [Member] · Other Affiliates 157 157 0.0%
Other Services [Member] · Other Affiliates 9 9 0.0%
Operating Income 28,584 66,663 -57.1%
Show Business Segments breakouts
Intermodal [Member] · Operating Segments -1,424 -1,812 +21.4%
Logistics [Member] · Operating Segments 3,623 5,143 -29.6%
LTL · Operating Segments -3,565 12,694 -128.1%
Truckload [Member] · Operating Segments 37,058 44,600 -16.9%
Show Consolidation Items breakouts
Corporate Non Segment -7,108 6,038 -217.7%
Non-Operating Income (Expense) -30,104 -26,131 -15.2%
Interest Expense -30,729 -40,203 +23.6%
Interest Income 1,806 3,034 -40.5%
Other Non-Operating Income (Expense) -1,181 11,038 -110.7%
Income Before Taxes -1,520 40,532 -103.8%
Income Tax Expense (Benefit) -107 10,303 -101.0%
Net Income -1,317 30,639 -104.3%
Show Equity Components breakouts
Parent -1,317 30,639 -104.3%
Retained Earnings -1,317 30,639 -104.3%
Comprehensive Income -977 31,102 -103.1%
Other Comprehensive Income 340 463 -26.6%
EPS (Basic) -0.01 0.19 -105.3%
EPS (Diluted) -0.01 0.19 -105.3%
Wtd Avg Shares (Basic) 162,426 161,974 +0.3%
Wtd Avg Shares (Diluted) 163,135 162,457 +0.4%
Net Income Loss Attributable To Noncontrolling Interest 96 410 -76.6%
Show Equity Components breakouts
Noncontrolling Interest -96 -410 +76.6%
Labor And Related Expense 728,698 721,659 +1.0%
Show Business Segments breakouts
Intermodal [Member] · Operating Segments 15,126 14,975 +1.0%
Logistics [Member] · Operating Segments 6,510 6,759 -3.7%
LTL · Operating Segments 211,057 199,881 +5.6%
Truckload [Member] · Operating Segments 424,461 432,160 -1.8%
Show Consolidation Items breakouts
Corporate Non Segment 72,145 68,389 +5.5%
Intersegment Elimination -601 -505 -19.0%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 222,774 209,480 +6.3%
Restricted Cash And Cash Equivalents At Carrying Value 70,447 135,152 -47.9%
Accounts Receivable 425,522 867,258 -50.9%
Contract With Customer Asset Net 12,570 9,123 +37.8%
Prepaid Expense Current 96,815 124,984 -22.5%
Assets Of Disposal Group Including Discontinued Operation Current 61,599 62,303 -1.1%
Income Taxes Receivable 36,161 13,523 +167.4%
Other Assets Current 28,973 33,034 -12.3%
Total Current Assets 954,861 1,454,857 -34.4%
Non-Current Assets
Property, Plant & Equipment 4,659,856 4,625,556 +0.7%
Operating Lease Right-of-Use Assets 316,960 366,559 -13.5%
Goodwill 3,934,741
Other Non-Current Assets 163,744 159,110 +2.9%
Total Assets 11,946,756 12,606,072 -5.2%
Other Assets
Property Plant And Equipment Gross 7,401,723 7,109,564 +4.1%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment -2,741,867 -2,484,008 -10.4%
Intangible Assets Net Excluding Goodwill 1,916,594 2,037,848 -6.0%
Current Liabilities
Accounts Payable 255,924 325,573 -21.4%
Show Related Party Transactions By Related Party breakouts
Other Affiliates 131 157 -16.6%
Accrued Payrolland Purchased Transportation 169,390 178,632 -5.2%
Accrued Liabilities 55,849 76,025 -26.5%
Accrued Insurance Current 267,702 247,191 +8.3%
Long Term Debt And Capital Lease Obligations Current 486,021 266,788 +82.2%
Operating Lease Liability Current 124,228 120,343 +3.2%
Total Current Liabilities 1,359,114 1,648,608 -17.6%
Non-Current Liabilities
Finance Lease Liability Noncurrent 475,534 440,520 +7.9%
Operating Lease Liabilities 212,925 259,315 -17.9%
Accrued Insurance Noncurrent 374,188 344,379 +8.7%
Deferred Tax Liabilities 893,960 897,380 -0.4%
Other Non-Current Liabilities 203,693 200,517 +1.6%
Total Liabilities 4,883,437 5,483,267 -10.9%
Long-Term Debt 1,752,657 1,832,996 -4.4%
Show Financial Instrument breakouts
2021 Prudential Notes 3,089 8,674 -64.4%
2025 Term Loan A-1 698,237
2025 Term Loan A-2 299,514
Other Liabilities
Long Term Line Of Credit 658,000 280,000 +135.0%
Show Debt Instrument breakouts
2025 Revolver · Line Of Credit 658,000
Show Financial Instrument breakouts
2025 Revolver 658,000
Unsecured Long Term Debt 706,023 1,412,548 -50.0%
Stockholders' Equity
Preferred Stock Par Or Stated Value Per Share 0.01 0.01 0.0%
Preferred Stock Shares Authorized 10,000 10,000 0.0%
Common Stock Value Outstanding 1,625 1,620 +0.3%
Common Stock Par Or Stated Value Per Share 0.01 0.01 0.0%
Common Stock Shares Authorized 500,000 500,000 0.0%
Common Stock Shares Issued 162,475 162,024 +0.3%
Common Stock Shares Outstanding 162,475 162,024 +0.3%
Show Statement Class Of Stock breakouts
Common Class A 162,475 162,024 +0.3%
Additional Paid-In Capital 4,489,172 4,454,631 +0.8%
Accumulated Other Comprehensive Income -376 21 -1890.5%
Retained Earnings 2,563,347 2,658,598 -3.6%
Total Stockholders' Equity 7,053,768 7,114,870 -0.9%
Minority Interest 9,551 7,935 +20.4%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 7,063,319 7,122,805 -0.8%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -376 21 -1890.5%
Additional Paid In Capital 4,489,172 4,454,631 +0.8%
Common Stock · Common Class A 1,625 1,620 +0.3%
Noncontrolling Interest 9,551 7,935 +20.4%
Parent 7,053,768 7,114,870 -0.9%
Retained Earnings 2,563,347 2,658,598 -3.6%
Total Liabilities & Equity 11,946,756 12,606,072 -5.2%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Net Income -1,413 30,229 -104.7%
Depreciation & Amortization 195,711 196,725 -0.5%
Gain Loss On Sale Of Property Plant Equipment -7,898 -15,542 +49.2%
Show Long Lived Assets Held For Sale By Asset Type breakouts
Equipment -7 -15.5 +54.8%
Land And Building -0.9
Asset Impairment Charges 882 28 +3050.0%
Show Fair Value By Measurement Frequency breakouts
Fair Value Measurements Nonrecurring · Equipment 30
Increase Decrease In Deferred Income Taxes -10,115 -22,434 +54.9%
Operating Lease Right Of Use Asset Amortization Expense 41,643 36,587 +13.8%
Debt And Equity Securities Gain Loss -109 -121 +9.9%
Other Non-Cash Items 13,412 2,618 +412.3%
Increase Decrease In Accounts And Other Receivables -123,809 -67,280 -84.0%
Increase Decrease In Income Taxes Receivable 9,734 23,737 -59.0%
Change in Accounts Payable 39,448 -28,559 +238.1%
Increase Decreasein Accrued Liabilitiesand Other Liabilities 23,542 -9,135 +357.7%
Increase Decrease In Other Operating Liabilities -41,417 -35,457 -16.8%
Other Operating Activities Cash Flow Statement 2,929 -1,967 +248.9%
Net Cash from Operations 142,540 109,429 +30.3%
Investing Activities
Proceeds From Sale Of Property Plant And Equipment 44,434 82,610 -46.2%
Payments To Acquire Machinery And Equipment -130,037 -122,048 -6.5%
Other Investing Activities 2,025 -4,022 +150.3%
Net Cash from Investing -83,578 -54,219 -54.1%
Financing Activities
Repayments Of Debt And Capital Lease Obligations -56,942 -71,518 +20.4%
Proceeds From Lines Of Credit 62,000 118,000 -47.5%
Repayments Of Lines Of Credit -30,000 -70,000 +57.1%
Proceeds From Stock Plans 1,010 1,066 -5.3%
Payments Of Dividends -32,688 -29,313 -11.5%
Proceeds From Payments For Other Financing Activities -11,504 462 -2590.0%
Net Cash from Financing -68,124 -76,303 +10.7%
Supplemental
Restricted Cash And Cash Equivalents Noncurrent 6,357 4,505 +41.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 299,578 349,137 -14.2%
Interest Paid 30,164 39,660 -23.9%
Income Taxes Paid 46 -765 +106.0%
Unpaid Capital Expenditures 20,261 28,360 -28.6%
Other Significant Noncash Transaction Value Of Consideration Given1 (Q)
Show Other Significant Noncash Transactions By Unique Description breakouts
Transfers from property and equipment to assets held for sale [Member] 22,289 35,177 -36.6%
Right Of Use Asset Forfeited Obtained In Exchange For Operating Lease Liability 43,244 19,851 +117.8%
Other Cash Flow
Net Change in Cash -9,162 -21,093 +56.6%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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