Filing Flows › Knight-Swift Transportation Holdings (KNX) › Q2 2025
Knight-Swift Transportation Holdings (KNX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Knight-Swift Transportation Holdings (KNX) reported revenue of $1.9B for the second quarter 2025 (Q2 2025), +0.8% from a year earlier and +2% from the quarter before. Operating margin was 3.9%, net earnings $33.9M (1.8% of revenue).
Knight-Swift Transportation Holdings, Q2 2025: revenue $1.9B (+0.8% year over year), operating margin 3.9%, net earnings $33.9M, operating cash flow $216M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +2% | +0.8% |
| Operating profit | $72.6M | +9% | +14% |
| Net earnings | $33.9M | +12% | +71% |
| Operating cash flow | $216M | +98% | -21% |
| Free cash flow | $7.9M | — | -91% |
What changed
Revenue was $1.9B in Q2 2025, up 1% year over year and up 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 $0.03B year over year (up 2%), 200% of the total change. Truckload and LTL fuel surcharge declined 7%.
Operating profit was $0.07B, a 3.9% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 60% reached operating profit, above the 3% margin then. Total costs grew 0% against revenue growth of 1%. Net earnings were $0.03B, up 69% year over year. The effective tax rate was 29.2%.
Operating cash flow was $0.22B (down 21% year over year), 638% of net earnings. Non-cash charges added back $0.20B of depreciation and amortization. Working capital and other items used $0.01B. Capital expenditures of $0.21B left free cash flow of $0.01B.
Questions
What was Knight-Swift Transportation Holdings' revenue in the second quarter 2025?
Knight-Swift Transportation Holdings (KNX) reported revenue of $1.9B for the second quarter 2025 (Q2 2025), +0.8% from a year earlier and +2% from the quarter before.
Was Knight-Swift Transportation Holdings profitable in the second quarter 2025?
Operating profit was $72.6M (3.9% of revenue) and net earnings $33.9M.
Source: Knight-Swift Transportation Holdings 10-Q on SEC EDGAR.