Logotype for Knight-Swift Transportation Holdings Inc

Knight-Swift Transportation (KNX) investor relations material

Knight-Swift Transportation Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Knight-Swift Transportation Holdings Inc
Q2 2025 earnings summary23 Jul, 2025

Executive summary

  • Net income and adjusted EPS saw significant year-over-year growth, driven by cost reductions, productivity gains, and improved segment performance despite a challenging freight environment and soft demand, especially on the West Coast.

  • Truckload and LTL segments achieved margin and operating income growth, with LTL expanding its network and customer base, though margin pressure persisted from expansion and integration costs.

  • Logistics and Intermodal segments faced soft volumes, but cost control and technology investments supported margin resiliency.

  • All Other Segments returned to profitability, mainly from warehousing and leasing, after exiting the third-party insurance business.

  • Company remains focused on cost reduction, operational flexibility, and leveraging scale to capture future opportunities.

Financial highlights

  • Total revenue for Q2 2025 was $1.86B–$1.9B, up 0.8–1.9% year-over-year; revenue excluding fuel surcharge increased 1.9%.

  • Net income rose 68.7% to $34M; adjusted net income up 45.2% to $57M; adjusted EPS up 45.8% to $0.35; GAAP EPS up 61.5% to $0.21.

  • Adjusted operating income up 17.2% to $103.8M; adjusted operating ratio improved 80 bps to 93.8%.

  • Effective tax rates were 29.2% (GAAP) and 28% (non-GAAP), both lower year-over-year but above projections.

  • Operating cash flow for the first half of 2025 was $325.9M, with free cash flow of $153.7M.

Outlook and guidance

  • Q3 2025 adjusted EPS projected at $0.36–$0.42, assuming stable conditions and some seasonality.

  • Truckload and LTL segments expected to see sequential revenue and margin improvements, with LTL revenue projected to grow 20–25% year-over-year and adjusted operating ratio improving 100–200 bps.

  • Logistics and Intermodal segments expected to remain stable or improve, with Intermodal load count up high single digits.

  • Full-year 2025 net cash CapEx guidance reduced to $525M–$575M.

  • Effective tax rate for Q3 2025 expected at 27–28%.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Knight-Swift Transportation earnings date

Logotype for Knight-Swift Transportation Holdings Inc
Q3 2025
LIVE
22 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Knight-Swift Transportation earnings date

Logotype for Knight-Swift Transportation Holdings Inc
Q3 2025
LIVE
22 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Knight-Swift Transportation Holdings Inc. is a freight transportation company that provides truckload, less-than-truckload, logistics, and intermodal services. It operates a fleet of trucks and trailers and offers solutions including brokerage, warehousing, and supply chain optimization. The company serves customers across various industries in North America. It is headquartered in Phoenix, Arizona, and its shares are listed on the NYSE.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage