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Knight-Swift Transportation vs Landstar System: revenue, profit, margins and growth compared

Knight-Swift Transportation brought in $7.5B of revenue in fiscal 2025, Landstar System $4.7B in fiscal 2025. Revenue changed by +0.8% at Knight-Swift Transportation and -1.6% at Landstar System on the year before, so Knight-Swift Transportation grew faster. Knight-Swift Transportation kept 0.9% of its revenue as net profit, Landstar System 2.4%.

Side by side, latest fiscal year

KNXLSTR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 27, 2025)
Revenue$7.5B$4.7B
Revenue growth+0.8%-1.6%
Net income$65.9M$115M
Net margin0.9%2.4%
Free cash flown/a$215M
Free cash flow marginn/a4.5%
Earnings per share (diluted)$0.41$3.31
Cash$220.4M$396.7M
Debt$1.7B$0
Price to earnings155.349.5
Market value$10.4B$5.6B
Dividend yield1.13%2.17%
Rank by revenue in sector#91 of 451 · Industrials#125 of 451 · Industrials

Over the years

Revenue
KNX FY2017: $5.3BKNX FY2019: $4.8BKNX FY2020: $4.7BKNX FY2021: $6BKNX FY2022: $7.4BKNX FY2023: $7.1BKNX FY2024: $7.4BKNX FY2025: $7.5BLSTR FY2018: $4.6BLSTR FY2019: $4.1BLSTR FY2020: $4.1BLSTR FY2021: $6.5BLSTR FY2022: $7.4BLSTR FY2023: $5.3BLSTR FY2024: $4.8BLSTR FY2025: $4.7BFY17FY18FY19FY20FY21FY22FY23FY24FY25
KNX $7.5BLSTR $4.7B
Net income
KNX FY2017: $419.3MKNX FY2019: $309.2MKNX FY2020: $410MKNX FY2021: $743.4MKNX FY2022: $771.3MKNX FY2023: $217.1MKNX FY2024: $117.6MKNX FY2025: $65.9MLSTR FY2018: $255.3MLSTR FY2019: $227.7MLSTR FY2020: $192.1MLSTR FY2021: $381.5MLSTR FY2022: $430.9MLSTR FY2023: $264.4MLSTR FY2024: $195.9MLSTR FY2025: $115MFY17FY18FY19FY20FY21FY22FY23FY24FY25
KNX $65.9MLSTR $115M
Net margin
KNX FY2017: 7.8%KNX FY2019: 6.4%KNX FY2020: 8.8%KNX FY2021: 12.4%KNX FY2022: 10.4%KNX FY2023: 3.0%KNX FY2024: 1.6%KNX FY2025: 0.9%LSTR FY2018: 5.5%LSTR FY2019: 5.6%LSTR FY2020: 4.6%LSTR FY2021: 5.8%LSTR FY2022: 5.8%LSTR FY2023: 5.0%LSTR FY2024: 4.1%LSTR FY2025: 2.4%FY17FY18FY19FY20FY21FY22FY23FY24FY25
KNX 0.9%LSTR 2.4%
Revenue growth
KNX FY2019: -9.4%KNX FY2020: -3.5%KNX FY2021: +28.3%KNX FY2022: +23.9%KNX FY2023: -3.9%KNX FY2024: +3.8%KNX FY2025: +0.8%LSTR FY2019: -11.5%LSTR FY2020: +1.2%LSTR FY2021: +58.2%LSTR FY2022: +13.8%LSTR FY2023: -28.7%LSTR FY2024: -9.1%LSTR FY2025: -1.6%FY19FY20FY21FY22FY23FY24FY25
KNX +0.8%LSTR -1.6%
Free cash flow
KNX FY2017: $126MKNX FY2019: $9.6MLSTR FY2018: $288.2MLSTR FY2019: $288.4MLSTR FY2020: $180.1MLSTR FY2021: $253.5MLSTR FY2022: $596.7MLSTR FY2023: $368MLSTR FY2024: $255.6MLSTR FY2025: $215MFY17FY18FY19FY20FY21FY22FY23FY24FY25
KNX $9.6MLSTR $215M

Fiscal years as each company reports them; the two may end in different months.

Questions about Knight-Swift Transportation and Landstar System

Which is bigger by revenue, Knight-Swift Transportation or Landstar System?

Knight-Swift Transportation is bigger by revenue: $7.5B in fiscal 2025, against $4.7B for Landstar System in fiscal 2025.

Which keeps more of its revenue as profit, Knight-Swift Transportation or Landstar System?

Knight-Swift Transportation had a net margin of 0.9% in fiscal 2025; Landstar System had 2.4% in fiscal 2025.

Which grew revenue faster, Knight-Swift Transportation or Landstar System?

In their latest fiscal years revenue changed by +0.8% at Knight-Swift Transportation and -1.6% at Landstar System.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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