Filing Flows › Knight-Swift Transportation Holdings (KNX) › Q1 2025
Knight-Swift Transportation Holdings (KNX) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Knight-Swift Transportation Holdings (KNX) reported revenue of $1.8B for the first quarter 2025 (Q1 2025), +0.1% from a year earlier and -2% from the quarter before. Operating margin was 3.7%, net earnings $30.2M (1.7% of revenue).
Knight-Swift Transportation Holdings, Q1 2025: revenue $1.8B (+0.1% year over year), operating margin 3.7%, net earnings $30.2M, operating cash flow $109M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -2% | +0.1% |
| Operating profit | $66.7M | -14% | +224% |
| Net earnings | $30.2M | -56% | — |
| Operating cash flow | $109M | -60% | +194% |
What changed
Revenue was $1.8B in Q1 2025, roughly flat year over year and down 2% from the previous quarter. Revenue, excluding truckload and LTL fuel surcharge was the largest line at 90% of revenue. Revenue, excluding truckload and LTL fuel surcharge added $0.02B year over year (up 1%), 1063% of the total change. Truckload and LTL fuel surcharge declined 9%.
Operating profit was $0.07B, a 3.7% margin (up 2.5 points year over year). Of the extra revenue versus a year earlier, 2433% reached operating profit, above the 1% margin then. Total costs fell 2% while revenue was flat. Net earnings were $0.03B. The effective tax rate was 25.4%.
Operating cash flow was $0.11B (up 194% year over year), 362% of net earnings. Non-cash charges added back $0.20B of depreciation and amortization. Working capital and other items used $0.12B. Capital expenditures of $0.12B exceeded it, leaving free cash flow of −$0.01B.
Questions
What was Knight-Swift Transportation Holdings' revenue in the first quarter 2025?
Knight-Swift Transportation Holdings (KNX) reported revenue of $1.8B for the first quarter 2025 (Q1 2025), +0.1% from a year earlier and -2% from the quarter before.
Was Knight-Swift Transportation Holdings profitable in the first quarter 2025?
Operating profit was $66.7M (3.7% of revenue) and net earnings $30.2M.
Source: Knight-Swift Transportation Holdings 10-Q on SEC EDGAR.