Knight-Swift vs Ryder
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The short version
- Ryder is the larger business, with $12.7B of revenue in fiscal 2025 against $7.5B for Knight-Swift, about 1.7 times as much.
- Knight-Swift grew revenue faster (0.8%, against 0.2%).
- Knight-Swift turned more of its sales into free cash flow (16.9% FCF margin, against 3.6%).
- Ryder earned a higher return on the capital invested in it (7.5%, against 1.6%).
| Latest fiscal year | KNX · FY25 | R · FY25 |
|---|---|---|
| Size | ||
| Market cap | $10.0B | $10.5B |
| Revenue | $7.5B | $12.7B |
| Free cash flow | $1.3B | $459M |
| Net income | $65.9M | $499M |
| Growth | ||
| Revenue growth | 0.8% | 0.2% |
| 5-year growth | 9.8% | 8.5% |
| Share count change | 0.3% | −5.5% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 2.9% | — |
| Net margin | 0.9% | 3.9% |
| FCF margin | 16.9% | 3.6% |
| Return on capital | 1.6% | 7.5% |
| Return on equity | 0.9% | 16.2% |
| Balance sheet | ||
| Net debt | $2.1B | $7.4B |
| Net debt / EBITDA | 2.1x | 2.2x |
| Dividends and buybacks | $117M | $664M |
| Valuation & quality | ||
| P/E | — | 20.7x |
| Piotroski F-score | 6 | 6 |
Revenue
FY16
KNX $1.1B
R $6.8B
FY17
KNX $2.4B
R $7.3B
FY18
KNX $5.3B
R $8.4B
FY19
KNX $4.8B
R $8.9B
FY20
KNX $4.7B
R $8.4B
FY21
KNX $6.0B
R $9.7B
FY22
KNX $7.4B
R $12.0B
FY23
KNX $7.1B
R $11.8B
FY24
KNX $7.4B
R $12.6B
FY25
KNX $7.5B
R $12.7B
KNX
R
Operating margin
FY16
KNX 13.3%
R —
FY17
KNX 8.3%
R —
FY18
KNX 10.7%
R —
FY19
KNX 8.8%
R —
FY20
KNX 12.1%
R —
FY21
KNX 16.1%
R —
FY22
KNX 14.7%
R —
FY23
KNX 4.7%
R —
FY24
KNX 3.3%
R —
FY25
KNX 2.9%
R —
KNX
R
Free cash flow
FY16
KNX $89.2M
R −$304M
FY17
KNX −$64.6M
R −$232M
FY18
KNX $126M
R −$1.3B
FY19
KNX $9.6M
R −$1.6B
FY20
KNX $919M
R $1.0B
FY21
KNX $1.2B
R $234M
FY22
KNX $1.4B
R −$321M
FY23
KNX $1.2B
R −$881M
FY24
KNX $799M
R −$418M
FY25
KNX $1.3B
R $459M
KNX
R
Return on capital
FY16
KNX 8.4%
R 4.9%
FY17
KNX 6.4%
R 5.8%
FY18
KNX 7.7%
R 5.0%
FY19
KNX 5.4%
R 1.6%
FY20
KNX 6.6%
R 1.1%
FY21
KNX 10.2%
R 7.7%
FY22
KNX 10.1%
R 11.3%
FY23
KNX 3.1%
R 6.3%
FY24
KNX 2.1%
R 7.5%
FY25
KNX 1.6%
R 7.5%
KNX
R
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.