Knight-Swift Q4 Earnings Miss Estimates, Decrease Year Over Year

Core Insights - Knight-Swift Transportation Holdings Inc. (KNX) reported fourth-quarter 2025 adjusted earnings of 31 cents per share, missing the Zacks Consensus Estimate of 36 cents and declining 13.8% year over year, falling below the guided range of 34-40 cents [1][10] - Total revenues for the quarter were $1.86 million, missing the Zacks Consensus Estimate of $1.89 million and decreasing 0.4% year over year [1][10] Financial Performance - Total operating expenses increased by 2.4% year over year to $1.83 billion [2] - Truckload segment revenues totaled $1.08 billion, down 2.4% year over year due to a 3.3% decline in loaded miles, with adjusted operating income falling 10.7% [3] - The Less-Than-Truckload (LTL) segment generated revenues of $298.50 million, up 7% year over year, with adjusted operating income decreasing by 4.8% [4] - Logistics segment revenues amounted to $159.97 million, down 4.8% year over year, with adjusted operating income decreasing 36.6% [5] - Intermodal revenues totaled $95.66 million, down 3.4% year over year, impacted by a 6% decrease in load count [6] Liquidity and Guidance - Knight-Swift ended the fourth quarter with cash and cash equivalents of $220.42 million, an increase from $192.67 million in the prior quarter, while long-term debt decreased to $1.02 billion from $1.05 billion [7] - For the first quarter of 2026, KNX expects adjusted earnings per share to be in the range of 28-32 cents, aligning with the higher end of the Zacks Consensus Estimate [8][10] - Truckload segment revenues are anticipated to decline slightly, while LTL segment revenues are expected to grow between 5% and 10% year over year [9]