Knight-Swift Transportation Holdings Inc. (KNX) intrinsic value & 10-year financials
Knight-Swift Transportation Holdings Inc. (KNX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 7.1% a year to $7.5B, with an average return on invested capital of 7.7%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $64.81
- Market cap
- $10.5B
- Revenue (FY2025)
- $7.5B
- Revenue growth (10-yr CAGR)
- 7.1%
- ROIC (10-yr avg)
- 7.7%
- Free cash flow (FY2025)
- $1.3B
KNX 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $7.5B | $65.9M | $0.41 | $1.3B | 2.9% | 1.6% |
| FY2024 | $7.4B | $117.6M | $0.73 | $798.6M | 3.3% | 2.0% |
| FY2023 | $7.1B | $217.1M | $1.34 | $1.2B | 4.7% | 3.1% |
| FY2022 | $7.4B | $771.3M | $4.73 | $1.4B | 14.7% | 10.0% |
| FY2021 | $6.0B | $743.4M | $4.45 | $1.2B | 16.1% | 10.1% |
| FY2020 | $4.7B | $410.0M | $2.40 | $919.2M | 12.1% | 6.6% |
| FY2019 | $4.8B | $309.2M | $1.80 | $9.6M | 8.8% | 5.4% |
| FY2018 | $5.3B | $419.3M | $2.36 | $126.0M | 10.6% | 7.6% |
| FY2017 | $2.4B | $484.3M | $4.34 | -$68.6M | 8.3% | 6.4% |
| FY2016 | $4.0B | $149.3M | $1.10 | $226.9M | 6.0% | 24.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Knight-Swift Transportation Holdings Inc. has demonstrated mature, steady growth, with revenue compounding at 7.1% annually over the past decade.
Knight-Swift Transportation Holdings Inc. has historically struggled to out-earn its cost of capital, averaging just 7.7% ROIC.
Over the decade, Knight-Swift Transportation Holdings Inc. shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Knight-Swift Transportation Holdings Inc. is modeled at -10.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-4.34 per share.