Knight-Swift Transportation Holdings Inc. (KNX) Stock

Knight-Swift Transportation Holdings Inc. (KNX) is a Industrials stock trading at $69.15 (as of 2026-08-24), with a market capitalization of $11.24B and a trailing P/E of 330.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Knight-Swift Transportation Holdings Inc., through its subsidiaries, provides truck transportation services in the United States, Mexico, and Canada. It operates across trucking, logistics, less-than-truckload, and intermodal segments, serving customers with freight transportation and related logistics and support services, including some non-trucking offerings.

Understand Knight-Swift Transportation Holdings Inc.: how it makes money

Knight-Swift Transportation provides truckload transportation, less-than-truckload (LTL), intermodal, and logistics services (including brokerage, intermodal, and freight management) for customers in the United States, Mexico, and Canada.

Profitability is driven by how much freight demand flows through its asset-based trucking and intermodal operations, with fuel surcharge-related pass-through separated out in the company’s own investor metrics (revenue excluding truckload and LTL fuel surcharge).

Revenue by segment (latest quarter)
Trucking	$1.1B
LTL	$0.3B
Logistics	$0.2B
Intermodal	$0.1B

Business quality (Weak): Segment inputs appear to be based on versions excluding fuel surcharges and/or intersegment transactions, so the segment totals may not exactly match the reported total revenue (1.9B).

Valuation: At 353× earnings, KNX trades 1905% above the Transportation average (18×). Note: one-time items can distort reported P/E.

Bull case

Multiple ways to serve freight: The company operates four segments, including Trucking, LTL, Intermodal, and Logistics, so it can route and bundle freight in different formats.
Logistics adds non-trucking capabilities: Beyond transportation, the company provides logistics and intermodal services such as brokerage, freight management, and certain logistics services.
Business is geographically diversified across North America: It provides services in the United States, Mexico, and Canada.

Bear case

Cyclicality and pricing pressure are central to transportation: Because the company’s offerings are transportation and freight-related services, demand and pricing conditions can impact results.
Complexity across service types: Operating across Trucking, LTL, and Intermodal requires managing different service models, which can increase variability versus a single-mode operator.
Cross-border and mode-specific execution risk: The company provides cross-border transportation and also runs intermodal operations, which can add operational complexity.

Valuation — source: SEC EDGAR (first-party)
Price	$69.15
Market Cap	$11.24B
P/E Ratio	330.6
EV / EBITDA	13.1
Price / Book	1.59
Price / Sales	1.50
DCF Value (model)	$143.24
DCF Upside vs Price	107.1%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$7.47B
Net Margin	0.9%
Revenue Growth (YoY)	1.4%
EPS Growth (YoY)	-105.3%

Financial Health — source: SEC EDGAR
Altman Z-Score	2.36 (grey)

Valuation vs Sector & Industry
Stock P/E	330.6
Sector P/E (Industrials)	26.0
Industry P/E (Transportation)	17.0
vs Sector	1172.0%
vs Industry	1844.5%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($859.76M)
Institutional Holders Tracked	10
Congressional Trades (recent)	2

Company
Sector	Industrials
Industry	Transportation
CEO	Adam W. Miller
Employees	35,300
Country	US
IPO Date	1994-10-25

Related Companies (Transportation; 8 comparable transport companies)

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.