Correction, 18 September 2026: an earlier version of this post described Apr 22 as the end of the quarter. It is the date the results were reported.
What changed
$KNX (Knight-Swift Transportation Holdings) reported results on April 22, 2026. EPS came in at $0.09, down from $0.28 in the same period a year earlier — a year-over-year decline of 67.9%. Revenue grew 1.4% year over year, a modest positive in an otherwise difficult earnings picture.
We do not have guidance commentary from this report.
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What the numbers tell us
The gap between top-line and bottom-line performance is the story here. Revenue held roughly flat, but earnings compressed sharply. That kind of divergence typically points to cost pressure, margin erosion, or both — common themes across trucking and freight in a soft rate environment. With a net margin of just 0.4% and ROE of 0.5%, $KNX is generating very little profit on each dollar of revenue or equity right now.
The trailing P/E of 365.3 reflects how thin earnings have become rather than a market bet on explosive growth. The forward P/E of 38.2 suggests the market expects a meaningful earnings recovery, though we have no guidance data here to confirm that trajectory.
On the positive side, $KNX carries a FCF yield of 6.1% and earnings quality is rated strong — meaning the cash generation picture looks better than the headline EPS figure implies. The stock has also returned 71.4% over the past year, which is reflected in its Momentum score of 97 out of 100.
The ACCE score sits at 52/100. The breakdown shows Momentum (97) carrying most of the weight, while Growth (19) and Quality (38) lag. Value scores 55, which aligns with the 6-model fair value estimate of $82.26 — roughly 8.0% above the current price of $76.14. The analyst consensus target is $86.63.
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