Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $4,674 | $5,998 | $7,429 | $7,142 | $7,410 |
| Gross Profit | $564 | $966 | $1,092 | $338 | $243 |
| Operating Income | $564 | $966 | $1,092 | $338 | $243 |
| Net Income | $410 | $743 | $771 | $217 | $118 |
Over the five-year period, Knight-Swift Transportation Holdings Inc. exhibited notable variability in its income statement metrics. Revenue grew steadily from approximately 4.67 billion USD in 2020 to peaks of 7.43 billion USD in 2022, with increases of roughly 28% from 2020 to 2021 and 24% from 2021 to 2022. However, revenue slightly declined by about 4% in 2023 before rebounding with a modest increase in 2024. In contrast, gross profit, operating income, and net income followed a similar upward trajectory until 2022 but then experienced sharp declines. Gross profit fell from 1.09 billion USD in 2022 to only 338 million USD in 2023—representing a drop of nearly 69%—and further reduced to 243 million USD in 2024. Net income saw an 81% increase from 2020 to 2021, reached around 771 million USD in 2022, only to plunge by about 72% in 2023 and by roughly 46% in 2024. This divergence between revenue growth and profitability compression suggests significant pressure on margins likely driven by a steep rise in operating expenses or cost inefficiencies during 2023 and 2024. Within the transportation industry—where fluctuating fuel prices, labor costs, and regulatory changes frequently impact operating margins—the drastic declines in gross and net profits warrant further examination. Overall, while the company’s top-line performance remains robust, the marked volatility in profitability metrics raises concerns about cost management and operational sustainability. Investors would do well to closely monitor efficiency measures and industry conditions as indicators of the company’s long-term financial health.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.