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Schneider National cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$2.3M in Q3 2026 · $258M over twelve months

Operating cash flow$139M
Capital spending−$137M
Free cash flow+$2.3M
Cash / net income2.8×

Analysis

In Q3 2026, Schneider National generated $139M of operating cash flow and spent $137M on capital projects, leaving free cash flow of $2.3M. That is $53.9M less than in Q3 2025 ($56.2M).

Over the twelve months to Sep 30, 2026, operating cash flow was $589M; the largest uses were capital spending ($331M), net borrowing (+) / repaid (−) ($130M), dividends ($68.8M); besides operations, cash came from asset & business sales ($140M); the cash balance rose by $132M.

Operating cash flow was $139M against net income of $49.5M — 2.8× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$108M, receivables −$41.1M, other liabilities +$32.6M.

Free cash flow

Schneider National: free cash flow by quarterSchneider National: free cash flow by quarter$114MQ4 2024−$22.7MQ1 2025$106MQ2 2025$56.2MQ3 2025$146MQ4 2025$52.0MQ1 2026$58.6MQ2 2026$2.3MQ3 2026
Operating cash flow less capital spending.
Schneider National: operating cash flow against capital spendingSchneider National: operating cash flow against capital spendingOperating cash flowCapital spending$200M$85.9MQ4 2024$91.7M$114MQ1 2025$176M$69.1MQ2 2025$184M$128MQ3 2025$186M$40.5MQ4 2025$92.9M$40.9MQ1 2026$171M$113MQ2 2026$139M$137MQ3 2026
Latest (Q3 2026): Operating cash flow $139M, Capital spending $137M.

Capital allocation, year by year

Schneider National: where the cash came from (up) and went (down), by fiscal yearSchneider National: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $566MFY2021: Net borrowing −$41.6MFY2021: Asset sales $178MFY2021: Capital spending −$399MFY2021: Acquisitions −$271MFY2021: Dividends −$49.6M$744MFY2021FY2022: Operating cash flow $856MFY2022: Net borrowing −$62.0MFY2022: Asset sales $126MFY2022: Capital spending −$535MFY2022: Dividends −$55.7M$983MFY2022FY2023: Operating cash flow $680MFY2023: Net borrowing $81.1MFY2023: Asset sales $129MFY2023: Capital spending −$660MFY2023: Buybacks −$66.9MFY2023: Dividends −$63.6M$890MFY2023FY2024: Operating cash flow $686MFY2024: Net borrowing $220MFY2024: Asset sales $98.8MFY2024: Capital spending −$414MFY2024: Buybacks −$29.5MFY2024: Dividends −$66.6M$1.0BFY2024FY2025: Operating cash flow $637MFY2025: Net borrowing −$121MFY2025: Asset sales $95.6MFY2025: Capital spending −$352MFY2025: Buybacks −$14.6MFY2025: Dividends −$67.0M$733MFY2025
Over these 5 years operating cash flow totalled $3.4B; the largest uses were capital spending ($2.4B) and dividends ($302M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$360M
Debt$390M
Net debt$29.6M
Due within a year$8.6M

Schneider National funds itself: free cash flow was $258M over the last twelve months, and $360M of cash and investments stands against $390M of debt ($8.6M due within a year, 41.9× covered by cash).

Schneider National: debt maturities by year (FY2025)Schneider National: debt maturities by year (FY2025)$8.6MYear 1$8.4MYear 2$58.2MYear 3$322MYear 4
Principal due in each year as disclosed in the annual report, against $360M of cash and investments now.

Where the cash came from and went

Schneider National: sources (+) and uses (−) of cash, Q3 2026Schneider National: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$139MCapital spending−$137MAsset & business sales$61.4MCash drawn (+) / kept (−)−$33.5MDividends−$17.5MOther investing−$11.2MNet borrowing (+) / repaid (−)−$3.7MOther financing$2.2M
Schneider National: sources (+) and uses (−) of cash, TTM to Q3 2026Schneider National: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$589MCapital spending−$331MAsset & business sales$140MCash drawn (+) / kept (−)−$132MNet borrowing (+) / repaid (−)−$130MDividends−$68.8MOther investing−$52.6MBuybacks−$11.5MOther financing−$3.3M

From profit to cash

Schneider National: net income to operating cash flow, Q3 2026Schneider National: net income to operating cash flow, Q3 2026Net income$49.5MDepreciation & amortization$108MStock-based pay$4.7MDeferred taxes−$5.5MGains on disposals−$13.5MOther non-cash$800KReceivables−$41.1MPayables−$18.2MPrepaid and other assets$5.0MOther liabilities$32.6MOperating cash flow$139M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$139M−$137M—−$17.5M−$3.7M−$33.5M$2.3M
Q2 2026$171M−$113M—−$17.5M−$3.7M−$64.9M$58.6M
Q1 2026$92.9M−$40.9M−$5.2M−$17.1M−$4.1M−$26.3M$52.0M
Q4 2025$186M−$40.5M−$6.3M−$16.7M−$122M−$7.4M$146M
Q3 2025$184M−$128M—−$16.6M−$4.5M−$33.4M$56.2M
Q2 2025$176M−$69.1M—−$16.7M−$52.0M−$54.5M$106M
Q1 2025$91.7M−$114M−$8.3M−$17.0M$53.0M$11.4M−$22.7M
Q4 2024$200M−$85.9M—−$16.7M$259M$61.4M$114M

Schneider National: income statement and cash flow

Schneider National, Q3 2026: revenue $1.6B (+9% year over year), operating margin 3.9%. The chart follows the revenue to costs, profit and cash.

Schneider National: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.