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Schneider National (SNDR) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Feb 20, 2026

Schneider National (SNDR) reported revenue of $1.4B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and -4% from the quarter before. Operating margin was 2.6%, net earnings $22.1M (1.6% of revenue).

Revenue$1.4B
Year over year+5%
Quarter over quarter-4%
Operating margin2.6%
Net earnings$22.1M

Schneider National, Q4 2025: revenue $1.4B (+4% year over year), operating margin 2.6%, net earnings $22.1M, operating cash flow $186M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$1.4B-4%+5%
Operating profit$36.5M+3%-14%
Net earnings$22.1M+14%-32%
Operating cash flow$186M+1%-7%
Free cash flow$154M—+65%

What changed

Revenue was $1.4B in Q4 2025, up 5% year over year and down 4% from the previous quarter. Transportation was the largest line at 93% of revenue.

Operating profit was $0.04B, a 2.6% margin (down 0.6 points year over year). Operating profit fell $0.01B even though revenue rose $0.06B versus a year earlier, so costs grew faster than sales. Total costs grew 5% against revenue growth of 5%. Net earnings were $0.02B, down 32% year over year. The effective tax rate was 24.8%.

Operating cash flow was $0.19B (down 7% year over year), 842% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $0.05B. After purchases of transportation equipment, net ($0.02B) and purchases of other property and equipment ($0.01B), free cash flow as the company reports it was $0.15B.

Questions

What was Schneider National's revenue in the fourth quarter 2025?

Schneider National (SNDR) reported revenue of $1.4B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and -4% from the quarter before.

Was Schneider National profitable in the fourth quarter 2025?

Operating profit was $36.5M (2.6% of revenue) and net earnings $22.1M.

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Source: Schneider National 10-K on SEC EDGAR.