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Truckload, intermodal and logistics carrier operating a large company-owned truck fleet across North America.
Truckload, intermodal and logistics carrier operating a large company-owned truck fleet across North America.
Spreads exposure between freight bought at market rates and dedicated contracts in which it runs trucks and drivers for a single customer at agreed rates, so income is steadier than for pure spot carriers. Intermodal moves freight by rail in its own containers, and a brokerage arm uses outside carriers. The Schneider family trusts keep control through a separate class of shares.
Moat: narrow (scale). Large owned fleet and diversified service lines give scale, but truckload has low structural entry barriers.
Headquarters: Green Bay, Wisconsin, USA · Founded: 1935 · Employees: 19,000
Size Schneider National (SNDR) is a United States Industrials company (Trucking) with a market value of $4.88B, the 1197th largest of 3,117 United States companies the cockpit tracks. Shares closed at $27.81 on 6 Nov 2026.
Performance Over six months the shares fell 9.6%, against -8.8% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 12 in its peer set.
Growth Revenue grew 6.0% over the last twelve months (peer median +7.9%); the operating margin is 3.4% (peer median 5.5%).
Valuation It trades at 18.7× forward earnings against a peer median of 16.9× (6th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +15 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.4 points below its cost of capital (10.6% WACC).
Backlog Backlog (remaining performance obligations) was $233M at 30 Sep 2026, down 18% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 7.0% of the free float (15 Oct 2026).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.95B | $5.67B | $5.29B | $5.50B | $6.60B |
| Revenue growth | — | +7% | -4% | -17% | — |
| Gross profit | $332M | $302M | $290M | $445M | $822M |
| EBITDA | $643M | $620M | $581M | $687M | $956M |
| Net income | $142M | $104M | $117M | $238M | $458M |
| Free cash flow | $179M | $183M | $147M | -$128M | $163M |
| Capital expenditure | $410M | $455M | $539M | $808M | $694M |
| Total debt | $393M | $497M | $611M | $390M | $215M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Schneider National SNDR | $4.88B | -10% | +6% | 3% | 18.7× | 19.5% |
| J.B. Hunt JBHT | $20.3B | -11% | +11% | 7% | 24.3× | 16.8% |
| Knight-Swift Transportation KNX | $9.51B | -9% | +7% | 4% | 15.6× | 21.3% |
| Werner Enterprises WERN | $1.62B | -26% | +15% | 2% | 18.8× | n/a |
| Landstar System LSTR | $4.83B | -22% | +11% | 4% | 19.8× | 12.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SNDR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.3% | -6.5% | 6th lowest of 13 |
| 6-month return | -9.6% | -8.8% | 6th lowest of 12 |
| Distance from 52-week high | -29.2% | -35.1% | 5th highest of 13 |
| Revenue growth (TTM) | +6.0% | +7.9% | 3rd lowest of 13 |
| Operating margin | 3.4% | 5.5% | 2nd lowest of 13 |
| Forward P/E | 18.7× | 16.9× | 6th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 19.5% | 11.8% | 3rd most demanding of 11 |
| Growth delivered (Del g) | +4.5% | +10.0% | 2nd lowest of 11 |
| Hurdle (Req g minus delivered) | +15.0 pp | +0.4 pp | 2nd most demanding of 11 |
| ROIC minus cost of capital | -5.4 pp | -1.0 pp | 3rd lowest of 13 |
| EV / EBITDA | 7.6× | 9.6× | 4th cheapest of 11 |
| Net debt / EBITDA | 0.1× | 2.1× | 3rd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Schneider National SNDR | United States | $4.88B | -10% | +6% | 3% | 18.7× | 19.5% | +4.5% |
| Landstar System LSTR | United States | $4.83B | -22% | +11% | 4% | 19.8× | 12.0% | +2.8% |
| Fujian Highton Development 603162.SS | China | $3.60B | +3% | +72% | 17% | 11.4× | 3.8% | +45.6% |
| NIKKON 9072.T | Japan | $3.25B | -19% | +7% | 9% | 26.9× | 12.0% | +8.1% |
| TFI International TFII.TO | Canada | $7.86B | -29% | +3% | 7% | 14.2× | 11.6% | +16.8% |
| ArcBest ARCB | United States | $2.86B | +6% | +8% | 3% | 13.6× | 16.5% | +6.4% |
| Saia SAIA | United States | $8.86B | -26% | +9% | 11% | 24.0× | 27.4% | +12.2% |
| Knight-Swift Transportation KNX | United States | $9.51B | -9% | +7% | 4% | 15.6× | 21.3% | +9.8% |
| Seino 9076.T | Japan | $2.48B | +9% | +7% | 5% | 14.5× | -3.2% | +6.5% |
| Mullen MTL.TO | Canada | $1.98B | +36% | +12% | 9% | 18.2× | 6.5% | +12.9% |
| STEF STF.PA | France | $1.79B | +12% | +8% | 4% | 11.0× | 7.1% | +10.2% |
| Werner Enterprises WERN | United States | $1.62B | -26% | +15% | 2% | 18.8× | n/a | n/a |
| FedEx Freight FDXF | United States | $18.5B | n/a | -1% | 6% | 24.7× | n/a | n/a |
Schneider National reported $233M of remaining performance obligations at 30 Sep 2026, down 18% from a year earlier and down 7% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.