Knight-Swift Transportation Holdings (KNX) Operating Margin (2010 - 2026)
Knight-Swift Transportation Holdings (KNX) recorded Operating Margin of 5.00% in Q2 2026, up 1.10 percentage points from 3.90% a year earlier and up 3.46 percentage points from the prior quarter.
Knight-Swift Transportation Holdings (KNX) Operating Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Knight-Swift Transportation Holdings' Operating Margin came in at 2.72% as of Jun 30, 2026, down 1.30 percentage points year-over-year; for FY2025, it was 2.89%, down 0.39 percentage points from FY2024.
- Annual Operating Margin has declined for four straight years, with a five-year change of -9.18 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 3.28% in FY2024 (-1.45 pp), 4.73% in FY2023 (-9.96 pp), 14.70% in FY2022 (-1.40 pp) and 16.10% in FY2021 (+4.02 pp).
- The Q2 2026 figure is the highest quarterly Operating Margin since Q2 2023.
- On a year-over-year basis, Operating Margin rose in five of the last eight quarters, with an average year-over-year change of +0.13 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 3.60 percentage points in Q4 2021, against a drop of 10.67 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 1.54% (Q1 2026), 1.43% (Q4 2025) and 2.61% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 164.08 Bn | 158.60 Bn | - | 40.25% |
| 2 | Csx | 87.19 Bn | 83.40 Bn | - | 38.27% |
| 3 | United Parcel Service | 79.52 Bn | 56.41 Bn | - | 4.07% |
| 4 | Canadian Pacific Kansas City | 74.56 Bn | 73.57 Bn | - | 35.35% |
| 5 | Norfolk Southern | 70.85 Bn | 65.49 Bn | - | 32.44% |
| 6 | Fedex | 68.71 Bn | 34.66 Bn | - | 6.20% |
| 7 | Delta Air Lines | 53.94 Bn | 36.12 Bn | - | 9.43% |
| 8 | Old Dominion Freight Line | 37.17 Bn | 36.43 Bn | - | 29.94% |
| 9 | United Airlines Holdings | 35.47 Bn | -20.90 Bn | - | 6.20% |
| 10 | Knight-Swift Transportation Holdings | 10.43 Bn | 9.61 Bn | - | 5.00% |
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% |
Knight-Swift Transportation Holdings Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=KNX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "KNX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=KNX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();