公司概述
Knight-Swift Transportation Holdings Inc. operates as a freight transportation company serving markets in the United States and Mexico, utilizing a diversified network across four primary segments including Truckload, Less-than-Truckload (LTL), Logistics, and Intermodal. The company functions within the Industrials sector and specifically the Trucking industry, positioning it as a critical infrastructure provider for supply chain logistics. Its total market capitalization stands at $9.96B, supported by an annual revenue of $7.47B and an employee base of 37,100 individuals. These valuation and revenue figures indicate that Knight-Swift maintains a substantial operational footprint, reflecting its established role as a major player in the North American freight landscape with significant scale to manage complex transportation networks.
财务健康
The company reported a trailing twelve-month revenue of $7.47B alongside a net income of $65.95M and an EBITDA of $1.04B. The substantial gap between the $7.47B revenue and the $65.95M net income reveals a cost structure where operating expenses and taxes consume approximately 99.1% of total revenue, highlighting the capital-intensive nature of the trucking business. The free cash flow stands at $501.01M, which provides the entity with significant financial flexibility to fund capital expenditures, manage debt obligations, or navigate seasonal fluctuations in freight demand. Profitability metrics show a gross margin of 24.2%, an operating margin of 3.5%, and a profit margin of 0.9%, indicating that while revenue generation is robust, the company operates on thin spreads typical of the transportation sector. The balance sheet holds $220.42M in cash against $2.69B in debt, resulting in a debt-to-equity ratio of 37.87, which suggests a highly leveraged financial structure reliant on borrowing to finance operations. Furthermore, a current ratio of 0.86 indicates that the company's current assets are insufficient to cover its current liabilities without liquidating long-term assets, signaling potential short-term liquidity pressures. Return on equity is measured at 0.9% and return on assets at 1.3%, metrics that reveal management effectiveness is currently constrained by the low net income relative to the company's equity and asset base.
估值评估
The trailing twelve-month P/E ratio is 149.56, while the forward P/E is projected at 20.40, implying that the market expects a significant expansion in earnings that is not yet reflected in current stock prices. The price-to-book ratio of 1.41 suggests the market is valuing the company at a premium over its net asset book value, likely due to brand value or growth expectations in specific logistics segments. Alternative valuation metrics such as the price-to-sales ratio of 1.33 and an EV/EBITDA of 11.94 provide a more normalized view of valuation relative to revenue and operating cash generation compared to the inflated trailing earnings multiple. The stock has traded between a 52-week high of $64.10 and a 52-week low of $37.70, placing the current trading price within a wide volatility range that reflects sector uncertainty. With a beta of 1.11, the stock exhibits price volatility that is slightly higher than the broader market, indicating greater sensitivity to macroeconomic shifts and changes in freight rates.
Growth & Income
Revenue growth year-over-year is -0.4%, while earnings growth is listed as N/A, indicating that the company is currently experiencing a slight decline in revenue without available data to confirm a divergence in earnings trajectory relative to sales. Regarding income distribution, the company offers a dividend yield of 1.3% with a payout ratio of 175.6%, which implies that the dividend payments exceed the current net income generated by the business. A payout ratio of 175.6% is generally unsustainable based on trailing net income alone, suggesting the dividend may be funded by cash reserves, debt issuance, or non-cash accounting adjustments to maintain shareholder returns. Overall, the growth and income profile presents a mixed picture of slight revenue contraction, high leverage, and a dividend policy that appears to rely on financial engineering rather than organic earnings growth.