Knight‑Swift Transportation Holdings Inc. Reports Q4 Earnings Misses

Knight‑Swift Transportation Holdings Inc. (NYSE: KNX) announced its fourth‑quarter 2025 earnings on January 21, 2026. The company reported a non‑GAAP earnings per share (EPS) of $0.31, falling short of analyst expectations by $0.04. Revenue for the quarter was $1.86 billion, $40 million below forecasted levels.

Financial Highlights

  • Non‑GAAP EPS: $0.31 (misses consensus by $0.04)
  • Revenue: $1.86 billion (misses consensus by $40 million)
  • Capacity Outlook: Knight‑Swift noted that freight capacity is returning to normal levels, suggesting a stabilization of freight rates and load volumes after the disruptions of 2025.

The earnings report was covered by several financial outlets, including Seeking Alpha, FreightWaves, and Zacks. FreightWaves provided an in‑depth first look at the earnings miss, while Seeking Alpha highlighted the capacity normalization.

Market Reaction and Shareholder Activity

In the days following the earnings announcement, Toth Financial Advisory Corp. purchased one share of Knight‑Swift, as reported by Feedburner. The purchase was part of a broader stock‑picking strategy that included several carriers in the trucking sector.

Knight‑Swift’s stock closed at $55.07 on January 19, 2026, within a 52‑week range that had previously spanned from $36.69 to $61.51. The company’s market capitalization stood at $9.2 billion, and its price‑to‑earnings ratio was 64.44.

Industry Context

FreightWaves also discussed broader safety and regulatory issues in the trucking industry, featuring Knight‑Swift’s senior vice president, Brett Sant, in a panel on driver safety. The discussion touched on the Trucking Alliance’s agenda for reforms that directly affect drivers, including hair testing and other safety measures. While these regulatory developments do not directly impact the Q4 financials, they are part of the operating environment in which Knight‑Swift operates.

Forward Guidance

Knight‑Swift did not provide a detailed earnings forecast for 2026 in the current release. Analysts will likely focus on the company’s ability to maintain the capacity normalization and to improve revenue and earnings to meet market expectations.

The company’s services—including dry van, cross‑border freight transportation, fleet solutions, consulting, brokerage, equipment leasing, temperature‑controlled transport, and engineering—continue to serve a predominantly North American customer base. Knight‑Swift’s operations remain headquartered in Phoenix, United States, and the firm is listed on the New York Stock Exchange.