CluenexKnight-Swift KNX
Knight-Swift scores weak on business quality (3.9 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Knight-Swift does
Knight-Swift Transportation Holdings operates as a truckload and logistics provider, moving freight across North America for shippers who pay based on mileage and service terms. The company is preparing for its third quarter 2026 earnings release while navigating flat top-line movement and pressured margins.
- What it does best
Knight-Swift delivers high gross margins of 65.1%, sitting in the top decile of its sector at the 94th percentile. This advantage stems from dense route networks and scaled fleet operations that smaller carriers cannot easily replicate without heavy capital outlays.
- The main risk
An interest coverage ratio of 2.4x leaves little breathing room if freight demand stays soft or debt servicing costs rise further. With total debt at $2.4 billion, cash generation must remain steady to avoid balance-sheet strain.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin sits thin at 4.1% alongside a net margin of 0.6%, held down by heavy overhead; scale does not currently translate into wide earnings.
Scale and asset density anchor its moat, locking in enterprise shippers with nationwide coverage, reflected in a sector gross margin percentile of 94.
Revenue grew just 0.8% to $7.7 billion, showing a stagnant growth engine that lags historical peaks and points to a fading top-line trajectory.
Debt-to-equity sits at 0.3x with interest coverage at 2.4x, backed by $546 million of free cash flow, pointing to a soft financial footing.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
3 sold $16.2M outside pre-planned sales.
Our sealed record on KNX
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Knight-Swift scores weak on the Cluenex quality check (3.9 of 10), measured against its own industry. Profitability is weak, moat fair, growth slow and financial health fair.
In the last 90 days of SEC Form 4 filings: 3 sold $16.2M outside pre-planned sales.
Oct 20, 2026.
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Cite this page: Cluenex, “Knight-Swift (KNX)”, https://cluenex.com/stocks/knx/, data as of Oct 10, 2026.