Filing Flows › Knight-Swift Transportation Holdings (KNX) › Q3 2025
Knight-Swift Transportation Holdings (KNX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Knight-Swift Transportation Holdings (KNX) reported revenue of $1.9B for the third quarter 2025 (Q3 2025), +3% from a year earlier and +3% from the quarter before. Operating margin was 2.6%, net earnings $8.3M (0.4% of revenue).
Knight-Swift Transportation Holdings, Q3 2025: revenue $1.9B (+3% year over year), operating margin 2.6%, net earnings $8.3M, operating cash flow $218M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +3% | +3% |
| Operating profit | $50.3M | -31% | -38% |
| Net earnings | $8.3M | -75% | -72% |
| Operating cash flow | $218M | +0.5% | +2% |
What changed
Revenue was $1.9B in Q3 2025, up 3% year over year and up 3% from the previous quarter. Revenue, excluding truckload and LTL fuel surcharge was the largest line at 89% of revenue. Revenue, excluding truckload and LTL fuel surcharge added $0.04B year over year (up 2%), 79% of the total change.
Operating profit was $0.05B, a 2.6% margin (down 1.7 points year over year). Operating profit fell $0.03B even though revenue rose $0.05B versus a year earlier, so costs grew faster than sales. Total costs grew 5% against revenue growth of 3%. Net earnings were $0.01B, down 74% year over year. The effective tax rate was 47.0%.
Operating cash flow was $0.22B (up 2% year over year), 2610% of net income including minority interests. Non-cash charges added back $0.20B of depreciation and amortization. Working capital and other items added $0.01B. Capital expenditures of $0.31B exceeded it, leaving free cash flow of −$0.09B.
Questions
What was Knight-Swift Transportation Holdings' revenue in the third quarter 2025?
Knight-Swift Transportation Holdings (KNX) reported revenue of $1.9B for the third quarter 2025 (Q3 2025), +3% from a year earlier and +3% from the quarter before.
Was Knight-Swift Transportation Holdings profitable in the third quarter 2025?
Operating profit was $50.3M (2.6% of revenue) and net earnings $8.3M.
Source: Knight-Swift Transportation Holdings 10-Q on SEC EDGAR.