← Knight-Swift Transportation Holdings
The business behind the dividend
| Measure | KNX | Median | Formula |
|---|---|---|---|
| Return on equity | 0.9% | 11.7% | Net income ÷ shareholders’ equity |
| Return on capital employed | 2.4% | 10.1% | Operating income ÷ (equity + total debt) |
| Owner earnings | $58.61m | $632.00m | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $471.25m | $746.10m | Operating cash flow − capital expenditure |
| Operating margin | 2.9% | 15.0% | Operating income ÷ revenue |
| Net margin | 0.9% | 10.2% | Net income ÷ revenue |
| Debt to equity | 0.25x | 0.79x | Total debt ÷ shareholders’ equity |
| Interest cover | 1.34x | 4.43x | Operating income ÷ interest expense |
| Current ratio | 0.86x | 1.25x | Current assets ÷ current liabilities |
| Long-term debt to working capital | — | — | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | 19.21x | 1.78x | Operating cash flow ÷ net income |
Not computed here: Long-term debt to working capital — why a blank is not a zero.
Ten years of it
The same measures, for every year the filings support. One year is a fact; a row is a business.
| Measure | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | Median |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on equity | 0.9% | 1.7% | 3.1% | 11.1% | 11.4% | 7.0% | 5.5% | 7.7% | 9.2% | 11.9% | 7.0% |
| Return on capital employed | 2.4% | 2.7% | 3.9% | 13.6% | 12.0% | 8.8% | 6.4% | 9.8% | 3.6% | 18.9% | 6.4% |
| Operating margin | 2.9% | 3.3% | 4.7% | 14.7% | 16.1% | 12.1% | 8.8% | 10.6% | 8.3% | 13.3% | 8.8% |
| Net margin | 0.9% | 1.6% | 3.0% | 10.4% | 12.4% | 8.8% | 6.4% | 7.8% | 20.0% | 8.4% | 7.8% |
| Debt to equity | 0.25x | 0.26x | 0.23x | 0.16x | 0.23x | 0.09x | 0.18x | 0.07x | 0.07x | 0.00x | 0.16x |
| Current ratio | 0.86x | 0.85x | 0.94x | 1.67x | 1.32x | 1.10x | 0.90x | 1.48x | 1.51x | 2.42x | 1.10x |
| Cash conversion | 19.21x | 6.79x | 5.35x | 1.86x | 1.60x | 2.24x | 2.72x | 2.10x | 0.67x | 2.60x | 2.24x |
How it compares in industrials
Among the 74 industrials companies here measured on free cash flow, Knight-Swift Transportation Holdings pays out less than 44 of them. The median for that group is 28.1%, against this company’s 24.9%.
Closest on free cash flow
- Ford Motor (F) 24.0%
- Parker-Hannifin (PH) 24.0%
- DOVER (DOV) 25.3%
- Lam Research (LRCX) 26.0%
Same sector and same denominator, so the figures are comparable. All 81 in industrials →