Knight-Swift Transportation Holdings Inc.

KNX

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

7,410

Cost of Revenue

5,606

Gross Profit

1,804

Gross Margin

24.3%

Operating Income

243

Operating Margin

3.3%

Net Income

118

Net Margin

1.6%

EPS (Basic)

$0.73

EPS (Diluted)

$0.73

EBITDA

1,027

EBITDA Margin

13.9%

2023

12/31/2023

Revenue

7,142

Cost of Revenue

5,177

Gross Profit

1,964

Gross Margin

27.5%

Operating Income

338

Operating Margin

4.7%

Net Income

217

Net Margin

3.0%

EPS (Basic)

$1.35

EPS (Diluted)

$1.34

EBITDA

1,013

EBITDA Margin

14.2%

2022

12/31/2022

Revenue

7,429

Cost of Revenue

5,018

Gross Profit

2,411

Gross Margin

32.5%

Operating Income

1,092

Operating Margin

14.7%

Net Income

771

Net Margin

10.4%

EPS (Basic)

$4.75

EPS (Diluted)

$4.73

EBITDA

1,660

EBITDA Margin

22.3%

2021

12/31/2021

Revenue

5,998

Cost of Revenue

4,030

Gross Profit

1,968

Gross Margin

32.8%

Operating Income

966

Operating Margin

16.1%

Net Income

743

Net Margin

12.4%

EPS (Basic)

$4.48

EPS (Diluted)

$4.45

EBITDA

1,469

EBITDA Margin

24.5%

2020

12/31/2020

Revenue

4,674

Cost of Revenue

3,218

Gross Profit

1,456

Gross Margin

31.2%

Operating Income

564

Operating Margin

12.1%

Net Income

410

Net Margin

8.8%

EPS (Basic)

$2.42

EPS (Diluted)

$2.40

EBITDA

1,073

EBITDA Margin

23.0%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	7,410	7,142	7,429	5,998	4,674
Cost of Revenue	5,606	5,177	5,018	4,030	3,218
Gross Profit	1,804	1,964	2,411	1,968	1,456
Gross Margin	24.3%	27.5%	32.5%	32.8%	31.2%
Operating Income	243	338	1,092	966	564
Operating Margin	3.3%	4.7%	14.7%	16.1%	12.1%
Net Income	118	217	771	743	410
Net Margin	1.6%	3.0%	10.4%	12.4%	8.8%
EPS (Basic)	$0.73	$1.35	$4.75	$4.48	$2.42
EPS (Diluted)	$0.73	$1.34	$4.73	$4.45	$2.40
EBITDA	1,027	1,013	1,660	1,469	1,073
EBITDA Margin	13.9%	14.2%	22.3%	24.5%	23.0%