Knight-Swift Transportation Holdings (KNX) Operating Margin (2010 - 2026)
Knight-Swift Transportation Holdings (KNX) posted quarterly Operating Margin of 1.54% for Q1 2026, down 211.0% year-over-year from 1.39% in Q1 2025, and up 8.4% on a QoQ basis from 1.43% in Q4 2025.
Knight-Swift Transportation Holdings (KNX) Operating Margin (2010 - 2026) Analysis & Trends
Knight-Swift Transportation Holdings (KNX) has reported Operating Margin for 17 consecutive years, with 1.54% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 211.0% year-over-year to 1.54%; the TTM figure through Mar 2026 stood at 2.37% (down 153.0% YoY), while the FY2025 annual figure was 2.89%, down 39.0% from the prior year.
- Operating Margin came in at 1.54% for Q1 2026 at Knight-Swift Transportation Holdings, up from 1.43% 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 6.15%, with a median of 4.01% recorded in 2023.
- Across the five-year window, Operating Margin sank 1067 bps in 2023 and surged 324 bps in 2024, its largest moves.
- Year by year, Operating Margin stood at 11.62% in 2022, then sank by 92 bps to 0.95% in 2023, then soared by 342 bps to 4.18% in 2024, then slumped by 66 bps to 1.43% in 2025, then gained by 8 bps to 1.54% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 1.54%, 1.43%, and 2.61% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | TFI International | 160.26 Bn | 160.08 Bn | 963.70 Mn | -45.60% |
| 2 | Old Dominion Freight Line | 45.40 Bn | 45.11 Bn | 1.33 Bn | 23.78% |
| 3 | Xpo | 24.25 Bn | 24.01 Bn | 1.67 Bn | 8.30% |
| 4 | Knight-Swift Transportation Holdings | 12.57 Bn | 12.51 Bn | 1.57 Bn | 1.54% |
| 5 | Saia | 11.19 Bn | 11.15 Bn | - | 8.29% |
| 6 | Schneider National | 6.37 Bn | 6.11 Bn | 1.27 Bn | 2.39% |
| 7 | Rxo | 4.69 Bn | 4.67 Bn | 254.00 Mn | -1.96% |
| 8 | Arcbest | 3.12 Bn | 3.04 Bn | 951.93 Mn | 0.34% |
| 9 | Werner Enterprises | 2.63 Bn | 2.59 Bn | 726.17 Mn | 0.49% |
| 10 | Marten Transport | 1.42 Bn | 1.37 Bn | 203.18 Mn | -6.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 14.53% |