Knight-Swift Transportation Holdings (KNX) Operating Margin (2010 - 2026)
Knight-Swift Transportation Holdings (KNX) posted Operating Margin of 5.0% for Q2 2026, up 223.85% on a QoQ basis from 1.54% in Q1 2026, and up 110.0% year-over-year from 2.38% in Q2 2025.
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Knight-Swift Transportation Holdings (KNX) Operating Margin (2010 - 2026) Analysis & Trends
Knight-Swift Transportation Holdings has reported Operating Margin for 17 years, with the latest figure at 5.0% in Q2 2026.
- On a quarterly basis, Operating Margin rose 110.0% year-over-year to 5.0% in Q2 2026; TTM through Jun 2026 was 2.72%, a 130.0% decrease from a year earlier, with the FY2025 full-year figure at 2.89%, down 39.0% from the prior year.
- Operating Margin was 5.0% for Q2 2026 at Knight-Swift Transportation Holdings, up from 1.54% in the prior quarter.
- The five-year high for Operating Margin was 16.61% in Q2 2022, with the low at 0.95% in Q4 2023.
- Average Operating Margin over 5 years is 6.09%, with a median of 4.1% recorded in 2023.
- The sharpest annual moves came in 2023 and 2024: Operating Margin tumbled 1067 bps in 2023, then soared 324 bps in 2024.
- Over 5 years, Operating Margin stood at 11.62% in 2022, then tumbled by 92 bps to 0.95% in 2023, then jumped by 342 bps to 4.18% in 2024, then plunged by 66 bps to 1.43% in 2025, then soared by 251 bps to 5.0% in 2026.
- The last three Operating Margin figures came in at 5.0% (Q2 2026), 1.54% (Q1 2026), and 1.43% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 38.56 Bn | 38.28 Bn | 1.52 Bn | 29.94% |
| 2 | Hunt J B Transport Services | 25.71 Bn | 25.71 Bn | - | 7.42% |
| 3 | Xpo | 22.58 Bn | 22.28 Bn | 1.89 Bn | 11.51% |
| 4 | FedEx Freight Holding Company | 19.35 Bn | 19.35 Bn | - | - |
| 5 | Knight-Swift Transportation Holdings | 11.72 Bn | 11.54 Bn | 1.77 Bn | 5.00% |
| 6 | TFI International | 11.57 Bn | 11.37 Bn | - | 9.62% |
| 7 | Saia | 9.55 Bn | 9.46 Bn | - | 13.09% |
| 8 | Schneider National | 6.14 Bn | 5.61 Bn | 1.00 Bn | 4.55% |
| 9 | Arcbest | 3.15 Bn | 2.99 Bn | 1.14 Bn | -1.74% |
| 10 | Werner Enterprises | 2.40 Bn | 2.37 Bn | - | 1.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.00% |
| Mar 31, 2026 | 1.54% |
| Dec 31, 2025 | 1.43% |
| Sep 30, 2025 | 2.61% |
| Jun 30, 2025 | 3.90% |
| Mar 31, 2025 | 3.65% |
| Dec 31, 2024 | 4.18% |
| Sep 30, 2024 | 4.34% |
| Jun 30, 2024 | 3.44% |
| Mar 31, 2024 | 1.13% |
| Dec 31, 2023 | 0.95% |
| Sep 30, 2023 | 4.01% |
| Jun 30, 2023 | 6.05% |
| Mar 31, 2023 | 8.85% |
| Dec 31, 2022 | 11.62% |
| Sep 30, 2022 | 13.99% |
| Jun 30, 2022 | 16.61% |
| Mar 31, 2022 | 16.32% |
| Dec 31, 2021 | 18.84% |
| Sep 30, 2021 | 16.44% |