Knight-Swift vs Landstar System
Knight-Swift reported revenue of $7.5 billion in fiscal 2025, 1.6 times Landstar System's $4.7 billion in fiscal 2025. Knight-Swift's revenue grew 0.8% in its latest year, and Landstar System's fell 1.6%. Knight-Swift had an operating margin of 2.9%, against 3.2% at Landstar System. Free cash flow was $1.3 billion at Knight-Swift and $215 million at Landstar System. Their fiscal years end in different months (December 31 and December 27), so the periods don't line up exactly.
Side by side
| Knight-Swift | Landstar System | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 27, 2025 |
| Revenue | $7.5B | $4.7B |
| Revenue growth | 0.8% | −1.6% |
| Revenue growth a year, last 5 years | 9.8% | 2.8% |
| Gross margin | — | — |
| Operating margin | 2.9% | 3.2% |
| Net margin | 0.9% | 2.4% |
| Free cash flow | $1.3B | $215M |
| Free cash flow margin | 16.9% | 4.5% |
| Return on capital | 1.6% | 24.9% |
| Net debt to EBITDA | 2.1x | −1.9x |
| Dividends and buybacks | $117M | $305M |
| Change in diluted share count | 0.3% | −2.3% |
| Last close | $60.43 | $165.17 |
| P/E at the last close | — | 45.6× |
| Insider trades, last 12 months | sold $25.7 million | sold $2.8 million |
| Piotroski F-score | 6 of 8 | 4 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Knight-SwiftLandstar System
Operating margin
Percent of revenue
Knight-SwiftLandstar System
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Knight-SwiftLandstar System
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Knight-Swift and Landstar System pages.