Schneider National, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Schneider National, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	4,046	4,384	4,977	4,747	4,553	5,609	6,604	5,499	5,291	5,674
Cost of revenue	1,466	1,605	1,966	1,996
Gross profit	2,580	2,778	3,011	2,751
Operating income	290	280	376	208	287	534	600	296	165	169
Interest expense	21.4	19.4	17.1	16.6	13.6	12.5	9.6	14.2	16.6	33.8
Interest income		2	4.6	8.5	3.3	2.1	2.9	7	4.3	5.9
Other non-operating income	-24.8	-16.9	-11.2	-9.7	-3.8	8.3	3.6	9.7	-13	-30.9
Pre-tax income	266	263	365	198	283	542	604	306	152	138
Income tax	109	-127	95.7	51.1	71.2	137	146	67.6	35.2	34.4
Net income	157	390	269	147	212	405	458	239	117	104
EBITDA	556	559	667	501	577	830	950	679	579	619
EPS, basic	1.00	2.28	1.52	0.83	1.19	2.28	2.57	1.35	0.67	0.59
EPS, diluted	1.00	2.28	1.52	0.83	1.19	2.28	2.56	1.34	0.66	0.59
Shares, basic (weighted)	157	171	177	177	177	178	178	177	176	175
Shares, diluted (weighted)	157	171	177	177	178	178	179	178	176	176
Dividend per share	0.20	0.20	0.24	0.24	2.26	0.28	0.32	0.36	0.38	0.38

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	131	239	379	552	396	245	386	102	118	202
Short-term investments	52.5	41.6	51.3	48.3	47.1	49.3	45.9	57.2	47.9	41.8
Receivables	444	528	593	466	538	705	644	576	600	578
Inventory	74.1	83.1	60.8	71.9	44.9	27.4	53	118	89.8	99.8
Other current assets	80.2	75.6	79.5	118	77.9	75.1	89.5	103	121	108
Total current assets	924	1,094	1,324	1,406	1,221	1,249	1,350	1,111	1,115	1,181
Property, plant and equipment	1,758	1,858	1,922	1,852	1,832	2,051	2,280	2,582	2,869	2,720
Lease right-of-use assets				75.5	69.4	68.6	63.5	82.9	79	90.3
Goodwill	164	165	162	128	128	241	228	332	378	337
Intangible assets		8.7	7.2	0			9	56.1	51.1	73
Other non-current assets	76.9	74.7	82.6	166	204	237	297	403	438	470
Total assets	3,055	3,331	3,625	3,660	3,516	3,937	4,318	4,557	4,934	4,840
Accounts payable	227	230	226	208	246	332	277	241	253	209
Accrued liabilities	81.8	85.8	94.8	63.8	111	105	97.8	66.7	90.6	78
Short-term debt	254	15.2	45	55	40.4	61.4	70	100	98.7	8.6
Total current liabilities	677	462	523	465	535	690	637	606	705	556
Long-term debt	429	414	359	305	266	209	135	190	416	388
Lease liabilities				55.9		50.1	41.5	57.6	52.1	63.6
Other non-current liabilities	101	68.6	46.1	85	79.4	74.9	68.9	108	105	105
Total liabilities	3,055	1,440	1,492	1,424	1,461	1,514	1,481	1,600	1,947	1,815
Total debt	684	430	405	360	305	270	205	290	515	397
Paid-in capital	0	1,535	1,544	1,543	1,552	1,566	1,584	1,595	1,605	1,619
Retained earnings	0	356	589	694	503	858	1,258	1,432	1,482	1,518
Treasury stock							0	-66.9	-96.4	-111
Other comprehensive income	0	0	-1	0.1	0.8	0	-5	-3.4	-3.8	-1.9
Shareholders' equity	0	1,890	2,132	2,236	2,056	2,424	2,837	2,957	2,987	3,025
Total equity	0	1,890	2,132	2,236	2,056	2,424	2,837	2,957	2,987	3,025
Total liabilities and equity	3,055	3,331	3,625	3,660	3,516	3,937	4,318	4,557	4,934	4,840

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	157	390	269	147	212	405	458	239	117	104
Depreciation and amortization	266	279	291	293	291	296	350	383	414	450
Stock-based compensation	18.3	17	22.8	-3.6	8.9	14.4	16.5	15.8	12.6	17.1
Deferred income tax	75.6	-152	62.2	-0.2	1.7	2	83	55.8	3.9	-3.2
Change in receivables	1.1	-63.3	-62.8	120	-65.4	-162	51.6	42.4	70.1	17.9
Change in payables	-0.6	16	3	-35.3	56.5	70.2	8.5	9.4	38	8.8
Cash from operations	455	461	567	636	618	566	856	680	686	637
Capital expenditures	-422	-389	-385	-335	-275	-399	-535	-660	-414	-352
Acquisitions	-78.2	0	0	0	0	-271
Purchases of investments	-14.2	0	-20.1	-17.4	-23.6	-18.7	-7.6	-16.2	-1.9	0
Sales and maturities of investments	11.1	10.5	9.9	22.1	24.2	14.6	6.2	6.2	11.8	7.6
Cash from investing	-513	-391	-338	-350	-319	-626	-599	-908	-792	-346
Debt issued						0	0	50	300	100
Share buybacks						0	0	-66.9	-29.5	-14.6
Dividends paid	-31.3	-25.5	-40.7	-42.5	-400	-49.6	-55.7	-63.6	-66.6	-67
Cash from financing	28.1	36.9	-88.7	-113	-456	-90.4	-117	-55.7	121	-207
Net change in cash	-29.9	108	140	173	-156	-151	141	-283	15.2	83.9
Free cash flow	33.2	72.8	181	301	343	167	321	19.9	272	285
Interest paid	21.6	19.2	15.5	14.5	12.8	11.6	9.3	10.2	14.3	32
Income taxes paid	5	-4.2	39	51.6	61.6	146	52.8	67.6	-0.2	4.4

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $31.25 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	3.0%	Operating income / revenue.
EBITDA margin	10.7%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	2.6%	Pre-tax income / revenue.
Net margin	1.9%	Net income / revenue.
FCF margin	5.4%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	10.9%	Cash from operations / revenue.
Effective tax rate	24.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	3.6%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	2.2%	Net income / average total assets.
Return on invested capital (ROIC)	4.2%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	0.3%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	5.5%	Capital expenditures / revenue.
D&A / revenue	7.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	7.3%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-4.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	4.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	2.2%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-34.5%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-10.0%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	6.9%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-13.3%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	1.4%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-11.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-39.1%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-13.3%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-10.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-38.7%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-13.1%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-7.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-9.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	0.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	4.9%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-3.9%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-3.6%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	5.9%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	-30.0%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	1.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	2.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	8.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-1.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	3.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	6.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.5%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.2%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.03x	Current assets / current liabilities.
Quick ratio	1.47x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.47x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.13x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	7.8%	Total debt / total assets.
Liabilities / assets	38.8%	Total liabilities / total assets.
Net debt	$65.0M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	0.10x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	5.64x	Operating income / interest expense.
Working capital	$719.8M	Current assets - current liabilities.
Goodwill and intangibles / assets	8.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	$2.65B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.16x	Revenue / average total assets.
Fixed asset turnover	2.19x	Revenue / average property, plant and equipment.
Receivables turnover	8.39x	Revenue / average receivables.
Days sales outstanding	44 days	365 x average receivables / revenue.
FCF conversion	279.8%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	50.8%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.63	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$33.06	Revenue / diluted weighted shares.
FCF per share	$1.77	Free cash flow / diluted weighted shares.
Operating cash flow per share	$3.61	Cash from operations / diluted weighted shares.
Book value per share	$17.38	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$15.07	Tangible book value / shares outstanding.
Cash per share	$1.86	(Cash + short-term investments) / shares outstanding.
Payout ratio	60.8%	Dividends paid / net income, when net income is positive.
Dividends / FCF	21.7%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	3.7%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$5.48B	Share price x shares outstanding.
Enterprise value	$5.54B	Market cap + total debt - cash - short-term investments.
P/E	49.1x	Market cap / net income. Only when net income is positive.
P/S	0.94x	Market cap / revenue.
P/B	1.79x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.07x	Market cap / tangible book value, when positive.
P/FCF	17.5x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	8.63x	Market cap / cash from operations, when positive.
EV/Sales	0.95x	Enterprise value / revenue.
EV/EBIT	31.4x	Enterprise value / operating income, when both are positive.
EV/EBITDA	8.92x	Enterprise value / EBITDA, when both are positive.
EV/FCF	17.7x	Enterprise value / free cash flow, when both are positive.
FCF yield	5.7%	Free cash flow / market cap.
Earnings yield	2.0%	Net income / market cap (the inverse of P/E).
Dividend yield	1.2%	Dividends paid over the period / market cap.
Shareholder yield	1.4%	(Dividends paid + share buybacks) / market cap.

What was Schneider National, Inc.'s revenue in fiscal 2025?

Schneider National, Inc. reported revenue of $5.67B for fiscal 2025, 7.3% higher than the year before.

Was Schneider National, Inc. profitable in fiscal 2025?

Yes. Net income was $103.6M, a net margin of 1.8%.

How much free cash flow did Schneider National, Inc. generate in fiscal 2025?

Cash from operations of $637.4M minus capital expenditures of $352.0M left free cash flow of $285.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to Schneider National, Inc.