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Schneider National, Inc. (SNDR) stock

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NYSE: SNDR NYSE Cargo Ground Transportation Next results ~January 28, 2027

C Fundamentals grade

Schneider National, Inc. is a US-listed company in the cargo ground transportation industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$27

Cash-flow model

Base case. Range ~$20–$36 across our lower- and higher-growth cases (-1.2%–8.8% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 10% above our base value.

Price used: $29.56, November 2, 2026

Schneider National, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Schneider National files

10-Q filed October 30: Schneider National

Model value +1.4%

Revenue for the twelve months to September 2026 was $5.95bn, up 6.0% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin held at 4.3%. Our model value rises from $26.43 to $26.79 a share, against a share price of $29.23. The rating stays Hold. At that price, our model says the market is pricing in about 5.9% a year of cash-flow growth for five years, faster than the 1.2% a year revenue growth it has delivered.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Schneider National stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $5.82bn, up 6.2% on a year earlier, faster than 5.5% a quarter earlier. Free-cash-flow margin held at 5.4%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 5 of our 6 financial-health checks. Our cash-flow model value is $22.72 a share, against a share price of $31.02. At that price, our model says the market is pricing in about 7.8% a year of cash-flow growth for five years, faster than the 0.7% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 28, 2027 (estimated)

Schneider National, Inc.'s trailing-twelve-month revenue grew 6.0% year on year, with a free-cash-flow margin of 4.3%. Where it lags: change in growth rate of -0.2pp ranks 17 of 19 cargo ground transportation companies we cover.

Our discounted-cash-flow model values the business at ~$27 per share in the base case (~$20–$36 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Net income rising while operating cash flow falls: TTM net income grew 24.2% while operating cash flow fell 9.5% — earnings and cash are telling different stories.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Schneider National, Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Gross margin slipping. Gross margin is down 2.6 points on a year ago.
  • Below peers: change in growth rate. Change in growth rate of -0.2pp ranks 17 of 19 cargo ground transportation companies we cover (median +3.0pp).
  • Below peers: change in share count. Change in share count of 0.1% ranks 14 of 18 cargo ground transportation companies we cover (median -1.5%).
  • Heavily shorted. 12.0% of the shares available to trade are sold short (8.0 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$0.29 against an average estimate of $0.29: missed by 1.3%
Revenue
$1.59bn, up 9.2% on a year earlier
Share reaction
-1.6% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Guidance given
adjusted diluted earnings per share $0.9 to $1.1 (full year); effective tax rate 24% (full year)
Next report
January 28, 2027; average EPS estimate $0.34

Schneider National's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.1%
  • 1 week-2.5%
  • 1 month-10.1%
  • This year+12.5%
  • 1 year+40.2%
  • 5 years+22.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$6B
Operating margin
3.4%
Net margin
2.4%
EPS (TTM, diluted)
$0.80

Growth

Revenue growth
+6.0%
Change in growth rate
−0.2 pts
Share count change
+0.1%

Cash

Free cash flow (TTM)
$258M
FCF margin
4.3%
Stock pay % of revenue
0.3%

Earnings

Last results
October 29, 2026
Next results (est.)
January 28, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Dividend
  3. Announcement
  4. Announcement
  5. Agreement
  6. Results
  7. Product
  8. Agreement
  9. Announcement
  10. Announcement
  11. Insider trade
  12. Results
  13. Guidance
  14. Leadership
  15. Announcement
  16. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Schneider National, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 6.0% a year of cash-flow growth for five years.That is close to the 1.2% a year revenue growth Schneider National has delivered.

  • Priced in6.0%
  • Last 12 months6.0%
  • 3 years a year1.5%
  • 5 years a year1.2%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($29.38, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$27
Price used
$29.38close November 3, 2026
Implied change
▼ 9%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Schneider National, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($250M, FY2026 Q3 TTM), growing 6.4% and 4.3% in the next two years (forecasts, guidance and its record), then back to 3.8% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$20–~$36 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Schneider National, Inc.'s free cash flow after stock-based pay ( $250M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Schneider National, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.82 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$27 ~$20–$36 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$27 ~$25–$41 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$17 ~$12–$26 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$17 ~$15–$21 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$23 ~$17–$27 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Schneider National, Inc. with Cargo Ground Transportation in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +33%
  • Free-cash-flow margin 1 point lower ▼ −22%
  • Last year's free-cash-flow margin change, if it persists ▼ −4%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $20$28$37$50$67$88
8.5% $15$21$28$37$49$64
10% $13$17$22$29$38$50

Valuation multiples over time Market data may be delayed

At fiscal year end 201720182019202020212022202320242025Now
Share price$23.39$15.44$18.25$19.14$25.17$22.18$24.45$28.55$26.27$29.56
Market value$4.0bn$2.7bn$3.2bn$3.4bn$4.5bn$4.0bn$4.4bn$5.0bn$4.6bn$5.2bn
+ Net debt (− = net cash)$201m$33m−$190m−$89m$26m−$171m$200m$409m$201m$67m
Enterprise value$4.2bn$2.8bn$3.0bn$3.3bn$4.5bn$3.8bn$4.6bn$5.4bn$4.8bn$5.3bn
Multiples
Price / sales 0.9x0.5x0.7x0.7x0.8x0.6x0.8x1.0x0.8x0.9x
Price / earnings 10.3x10.2x22.0x16.1x11.1x8.7x18.3x43.0x44.6x36.7x
Price / free cash flow 55.0x15.1x10.7x9.9x26.9x12.3xn/m18.5x16.2x20.1x
EV / EBITDA 7.5x4.1x6.1x5.7x5.4x4.0x6.7x9.4x7.8x8.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

52 /100

Moderate moat

How hard Schneider National's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 6 / 20

    Net income has been a median 4.8% of total assets over 10 years.

  • Durability 7 / 20

    Operating margin has been a median 6.1%; its worst year was 2.9%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 10 of 10 years, at a median 3.9% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 1.0% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 28, 2027, after the close. Analysts expect revenue of $1.6bn and EPS of $0.34 (range $0.30 to $0.38) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.04 +66% $6.2bn +9%
Next $1.66 +59% $6.5bn +5%

Next year's EPS estimate has moved −2.2% in 90 days, across 15 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −0.6% on 90 days ago. In the last 30 days, 2 analysts raised Schneider National, Inc.'s forecast and 7 cut it.

Consensus EPS forecast Schneider National, Inc., last 90 days
$1.00 $1.20 $1.40 $1.60 $1.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.05 Current fiscal year, 60 days ago: $1.07 Current fiscal year, 30 days ago: $1.06 Current fiscal year, 7 days ago: $1.06 Current fiscal year, Now: $1.04 $1.04 Next fiscal year, 90 days ago: $1.70 Next fiscal year, 60 days ago: $1.71 Next fiscal year, 30 days ago: $1.71 Next fiscal year, 7 days ago: $1.68 Next fiscal year, Now: $1.66 $1.66

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.05$1.70
60 days ago $1.07$1.71
30 days ago $1.06$1.71
7 days ago $1.06$1.68
Now $1.04$1.66

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.29 $0.29 −1.3%
Jun 2026 $0.23 $0.29 +24.1%
Mar 2026 $0.10 $0.13 +33.1%
Dec 2025 $0.20 $0.13 −35.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 30, 2026
  • adjusted diluted earnings per share full year $0.90 to $1.10 Non-GAAP Raised
    “Based on our second quarter results and these market expectations, our updated full year adjusted diluted earnings per share forecast is $0.90-$1.10, up from our prior guidance of $0.70-$1.00.” source
  • effective tax rate full year about 24% Maintained
    “Our guidance continues to assume a full year effective tax rate of approximately 24.0%.” source
  • net capital expenditures full year $350m to $400m Lowered
    “Our full year net capital expenditures are expected to be $350-400 million, compared to our previous expectations of $400-$450 million, primarily related to lower expenditures on trailing equipment.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Schneider National, Inc.'s revenue by +6.4% next year and +4.3% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+7.7%, weight 68%) and the company's own record (+3.8%, weight 32%) . How the weights are set.

Analyst recommendations

16 analysts, Oct 2026
Buy638%
Hold1063%
Sell00%

Monthly trend

  1. Oct 202651016
  2. Sep 202651016
  3. Aug 202651016
  4. Jul 202651016

Counts of recommendations published by analysts covering Schneider National, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.0%
of tradable shares
Days to cover
8.01
at average volume
Short interest, 1 month
+8%
to October 15, 2026
Held by institutions
77%
of shares
Held by insiders
50.3%
of shares
Employees
19,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +40.2%

$21.09 on October 31, 2025 to $29.56

ThenNowEffect
Revenue (last 12 months) $5.5bn $5.8bn +6.2%
Net margin 2.3% 1.9% −16.2%
P/E multiple 29.6x 46.6x +57.4%
Share count 176m 176m 0.0%

Biggest factor: p/e multiple.

Last 3 years +39.5%

$21.19 on November 3, 2023 to $29.56

ThenNowEffect
Revenue (last 12 months) $6.0bn $5.8bn −3.2%
Net margin 6.8% 1.9% −72.0%
P/E multiple 9.2x 46.6x +405.5%
Share count 179m 176m +1.7%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
SNDR+32%−12%+10%+17%−8%+13%
Industry peers (median)+38%−13%+16%−11%−14%+14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
SNDR75%42%42%50%67%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
SNDR−22%−25%−32%−19%−33%−24%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since April 6, 2017: 44% from May 30, 2018 to June 3, 2019. Getting back needed a 79% gain, reached on December 27, 2021, 938 days after the low.

Price behaviour

52-week range
$20.35 – $38.54
From 52-week high
−23.3%
vs 50-day average
−8.5%
vs 200-day average
−7.0%
Volatility (1 year)
38%
Beta vs S&P 500
0.96

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±3.7%
After a week
5 up, 6 down
typical move ±2.8%
After a month
7 up, 4 down
typical move ±6.8%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 −1.6% −2.1% — —
July 30, 2026 +1.4% +2.4% −0.1% −2.3%
April 30, 2026 +3.6% +1.3% +0.9% +19.8%
January 29, 2026 −11.2% −0.5% −1.0% −6.8%
October 30, 2025 −5.6% −0.8% −2.1% +1.4%
July 31, 2025 −1.7% −2.0% −1.4% +0.9%
May 1, 2025 +5.8% +2.2% +7.2% +8.7%
January 30, 2025 −0.1% 0.0% −0.8% −12.5%
November 6, 2024 +4.9% +3.3% +7.5% +8.2%
August 1, 2024 +2.8% −3.3% +1.6% +0.7%
May 2, 2024 +4.5% +2.2% +6.7% +6.6%
February 1, 2024 −1.3% +2.4% −1.2% −7.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Schneider National, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Schneider National, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Schneider National, Inc.
$5.2B $5.4B $5.6B $5.8B $6B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $5.5B Revenue (TTM), FY24 Q1: $5.4B Revenue (TTM), FY24 Q2: $5.4B Revenue (TTM), FY24 Q3: $5.3B Revenue (TTM), FY24 Q4: $5.3B Revenue (TTM), FY25 Q1: $5.4B Revenue (TTM), FY25 Q2: $5.5B Revenue (TTM), FY25 Q3: $5.6B Revenue (TTM), FY25 Q4: $5.7B Revenue (TTM), FY26 Q1: $5.7B Revenue (TTM), FY26 Q2: $5.8B Revenue (TTM), FY26 Q3: $6B $6B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $5.5B
FY24 Q1 $5.4B
FY24 Q2 $5.4B
FY24 Q3 $5.3B
FY24 Q4 $5.3B
FY25 Q1 $5.4B
FY25 Q2 $5.5B
FY25 Q3 $5.6B
FY25 Q4 $5.7B
FY26 Q1 $5.7B
FY26 Q2 $5.8B
FY26 Q3 $6B
Revenue growth, TTM YoY Schneider National, Inc.
-20% -10% 0% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -16.7% Revenue growth, TTM YoY, FY24 Q1: -16.0% Revenue growth, TTM YoY, FY24 Q2: -10.9% Revenue growth, TTM YoY, FY24 Q3: -6.4% Revenue growth, TTM YoY, FY24 Q4: -3.8% Revenue growth, TTM YoY, FY25 Q1: -0.3% Revenue growth, TTM YoY, FY25 Q2: 2.2% Revenue growth, TTM YoY, FY25 Q3: 5.5% Revenue growth, TTM YoY, FY25 Q4: 7.3% Revenue growth, TTM YoY, FY26 Q1: 5.5% Revenue growth, TTM YoY, FY26 Q2: 6.2% Revenue growth, TTM YoY, FY26 Q3: 6.0% 6.0%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -16.7%
FY24 Q1 -16.0%
FY24 Q2 -10.9%
FY24 Q3 -6.4%
FY24 Q4 -3.8%
FY25 Q1 -0.3%
FY25 Q2 2.2%
FY25 Q3 5.5%
FY25 Q4 7.3%
FY26 Q1 5.5%
FY26 Q2 6.2%
FY26 Q3 6.0%
Operating margin (TTM) Schneider National, Inc.
2% 3% 4% 5% 6% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 5.4% Operating margin (TTM), FY24 Q1: 3.9% Operating margin (TTM), FY24 Q2: 2.9% Operating margin (TTM), FY24 Q3: 2.9% Operating margin (TTM), FY24 Q4: 3.1% Operating margin (TTM), FY25 Q1: 3.3% Operating margin (TTM), FY25 Q2: 3.3% Operating margin (TTM), FY25 Q3: 3.1% Operating margin (TTM), FY25 Q4: 3.0% Operating margin (TTM), FY26 Q1: 2.8% Operating margin (TTM), FY26 Q2: 3.0% Operating margin (TTM), FY26 Q3: 3.4% 3.4%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 5.4%
FY24 Q1 3.9%
FY24 Q2 2.9%
FY24 Q3 2.9%
FY24 Q4 3.1%
FY25 Q1 3.3%
FY25 Q2 3.3%
FY25 Q3 3.1%
FY25 Q4 3.0%
FY26 Q1 2.8%
FY26 Q2 3.0%
FY26 Q3 3.4%
FCF margin (TTM) Schneider National, Inc.
-2% 0% 2% 4% 6% 8% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 0.4% FCF margin (TTM), FY24 Q1: -0.8% FCF margin (TTM), FY24 Q2: 2.3% FCF margin (TTM), FY24 Q3: 3.6% FCF margin (TTM), FY24 Q4: 5.1% FCF margin (TTM), FY25 Q1: 5.1% FCF margin (TTM), FY25 Q2: 5.4% FCF margin (TTM), FY25 Q3: 4.5% FCF margin (TTM), FY25 Q4: 5.0% FCF margin (TTM), FY26 Q1: 6.3% FCF margin (TTM), FY26 Q2: 5.4% FCF margin (TTM), FY26 Q3: 4.3% 4.3%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 0.4%
FY24 Q1 -0.8%
FY24 Q2 2.3%
FY24 Q3 3.6%
FY24 Q4 5.1%
FY25 Q1 5.1%
FY25 Q2 5.4%
FY25 Q3 4.5%
FY25 Q4 5.0%
FY26 Q1 6.3%
FY26 Q2 5.4%
FY26 Q3 4.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Schneider National took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $5.7B
  2. Other operating costs $5.5B · 97.0%
  3. Operating income $169M · 3.0%
  4. Income tax $34.4M · 0.6%
  5. Interest and other $30.9M · 0.5%
  6. Net income $104M · 1.8%

Shares of revenue. Source: Schneider National's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 3,959 4,046 4,384 4,977 4,747 4,553 5,609 6,604 5,499 5,291 5,674 5,952
Gross profit — 2,580 2,778 3,011 2,751 — — — — — — —
EBITDA 497 556 559 667 501 577 830 950 679 579 619 643
Operating income 260 290 280 376 208 287 534 600 296 165 169 203
Net income 141 157 390 269 147 212 405 458 239 117 104 142
Diluted EPS $0.91 $1.00 $2.28 $1.52 $0.83 $1.19 $2.28 $2.56 $1.34 $0.66 $0.59 $0.80
Growth (year on year)
Revenue — +2.2% +8.4% +13.5% −4.6% −4.1% +23.2% +17.8% −16.7% −3.8% +7.3% +6.0%
EBITDA — +12.1% +0.5% +19.3% −24.9% +15.3% +43.8% +14.5% −28.6% −14.7% +6.9% +3.6%
Operating income — +11.6% −3.5% +34.1% −44.7% +38.0% +86.2% +12.5% −50.6% −44.3% +2.2% +16.4%
Net income — +11.4% +148.5% −31.0% −45.3% +44.0% +91.5% +12.9% −47.9% −50.9% −11.5% +24.2%
Diluted EPS — +9.9% +128.0% −33.3% −45.4% +43.4% +91.6% +12.3% −47.7% −50.7% −10.6% +24.1%
Margins
Gross margin — 63.8% 63.4% 60.5% 57.9% — — — — — — —
EBITDA margin 12.5% 13.8% 12.8% 13.4% 10.5% 12.7% 14.8% 14.4% 12.3% 10.9% 10.9% 10.8%
Operating margin 6.6% 7.2% 6.4% 7.6% 4.4% 6.3% 9.5% 9.1% 5.4% 3.1% 3.0% 3.4%
Net margin 3.6% 3.9% 8.9% 5.4% 3.1% 4.6% 7.2% 6.9% 4.3% 2.2% 1.8% 2.4%
Free-cash-flow margin 1.1% 0.8% 1.7% 3.6% 6.3% 7.5% 3.0% 4.9% 0.4% 5.1% 5.0% 4.3%
Cash flow
Cash from operations 486 455 461 567 636 618 566 856 680 686 637 589
Capital spending 442 422 389 385 335 275 399 535 660 414 352 331
Free cash flow 44 33 73 181 301 343 167 321 20 272 285 258
Stock-based pay 17 18 17 23 −4 9 14 17 16 13 17 18
Free cash flow after stock pay 27 15 56 159 305 335 152 305 4 260 268 240
Balance sheet
Cash 161 131 239 379 552 396 245 386 102 118 202 326
Total debt 0 698 440 411 361 307 270 215 302 527 402 393
Net debt (negative = net cash) −161 568 201 33 −190 −89 26 −171 200 409 201 67
Diluted shares 156m 157m 171m 177m 177m 178m 178m 179m 178m 176m 176m 176m
Returned to shareholders
Dividends 25 31 26 41 43 400 50 56 64 67 67 69
Buybacks — — — — — — 0 0 67 30 15 12
Total returned 25 31 26 41 43 400 50 56 131 96 82 80

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · September 30, 2026
What it owns · $5.0bn
Short-term assets $1.4bnLonger-term assets $3.6bn
What it owes, and who funded it · $5.0bn
Short-term liabilities $694mLonger-term liabilities $1.2bnShareholders' equity $3.1bn
  • Short-term assets cover short-term liabilities $1.4bn of assets due within a year against $694m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.4bn short-term assets against $1.2bn of longer-dated liabilities.
  • More cash than debt $326m of cash against $390m of debt.
  • Debt below 40% of shareholders' equity Debt is 13% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 8% to 13% over five years.
  • A year's operating cash flow covers at least 20% of debt $589m of operating cash flow against $390m of debt.
  • Operating profit covers interest at least five times over Operating income of $203m against $20m of interest.

From Schneider National, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$11.5M
Dividends (TTM)
$68.8M
Returned to shareholders
31%
of free cash flow
Buybacks, last 3 fiscal years
$111M
Diluted share count
+0.1%
year over year
Total shareholder yield
1.5%
dividends 1.3% + buybacks 0.2% of market value
Dividend payout ratio
49%
of net income paid out
Days sales outstanding
45 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in cargo ground transportation
Last 12 months unless stated SNDR ODFL LSTR TFII KNX ARCB Median
Revenue, last 12 months $6.0bn $5.6bn $5.3bn $7.9bn $8.0bn $4.2bn $3.5bn
Revenue growth, last 12 months 6.0% −0.6% 10.7% −6.1% 7.0% 3.7% 7.0%
Revenue growth, 3-year average 1.5% −2.0% −2.9% — 4.8% −3.3% −0.8%
Revenue growth, latest quarter 9.2% 10.4% 25.4% — 14.2% 15.9% 10.4%
Operating margin 3.4% 25.8% 4.1% 7.2% 4.2% 0.7% 3.2%
Operating margin, 3-year average 3.1% 26.4% 4.4% — 3.4% 3.4% 3.4%
Net margin 2.4% 19.4% 3.0% 3.9% 1.9% 0.4% 3.0%
Cash from operations / revenue 9.9% 24.9% 3.2% 12.4% 19.0% 6.7% 9.9%
Free-cash-flow margin 4.3% 19.9% 3.0% 8.9% 9.6% 4.1% 3.0%
Free-cash-flow margin, 3-year average 4.2% 17.1% 4.3% — 3.8% 2.6% 0.9%
Stock pay / revenue 0.3% 0.3% 0.2% 0.2% 0.3% 0.2% 0.3%
Change in share count 0.1% −1.9% −2.8% −2.1% 0.4% −4.2% −1.5%

Median of all 19 companies we cover in cargo ground transportation. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

19 cargo ground transportation companies
Measure Company Peer median Rank
Revenue growth Growth 6.0% 7.0% 11 of 19
Change in growth rate Growth -0.2pp +3.0pp 17 of 19
Operating margin Profitability 3.4% 3.4% 9 of 18
Net margin Profitability 2.4% 3.0% 10 of 18
Free-cash-flow margin Cash generation 4.3% 3.0% 8 of 19
Stock pay as % of revenue Cash generation 0.3% 0.3% 9 of 15
Long-term debt as % of assets Balance sheet 7.6% 11.5% 7 of 17
Change in share count Balance sheet 0.1% -1.5% 14 of 18
Days sales outstanding Balance sheet 45 days 49 days 8 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Transportation $5.2B 92.4% ▲ 7.7%
Other $216M 3.8% ▲ 0.5%
Logistics Management $214M 3.8% ▲ 2.7%

From Schneider National, Inc.'s 10-K filed February 20, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2.6B
Institutions reporting
336
Shares held vs prior quarter
▼ 0.8%
Positions opened / closed
76 / 34

Top buyers and sellers, Q2 2026: 188 institutions bought and 137 sold ; the biggest buyer was Invesco Ltd (+636K shares) and the biggest seller First Trust Advisors LP (−1.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $259M 7.1M 10.2% ▲ 3.2%
Blueprint Financial Advisors LLC $222M 6.1M 8.7% ▼ 0.4%
Blueprint Investment Partners LLC $222M 6.1M 8.7% ▼ 0.4%
Dimensional Fund Advisors LP $188M 5.1M 7.4% ▲ 2.5%
AQR Capital Management LLC $101M 2.8M 4.0% ▲ 12.1%
Vanguard Portfolio Management LLC $90M 2.5M 3.5% ▼ 16.9%
Earnest Partners LLC $74.2M 2.0M 2.9% ▼ 2.2%
American Century Companies Inc $73.2M 2.0M 2.9% ▲ 14.4%
Vanguard Capital Management LLC $72.1M 2.0M 2.8% ▼ 17.8%
Deprince Race & Zollo Inc $71.4M 2.0M 2.8% ▼ 9.5%
Quantinno Capital Management LP $71.1M 1.9M 2.8% ▼ 2.3%
Hood River Capital Management LLC $70.3M 1.9M 2.8% ▲ 11.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Schneider National, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $4.4M 10 trades by 6 insiders · 0% under pre-set plans
Net ▼ $4.4M net selling
Insider Date Trade Shares Price Value
Rourke Mark B. Executive Chair August 4, 2026 Sell 24,000 $36.12 $866,880
Rourke Mark B. Executive Chair August 4, 2026 Sell 15,474 $35.98 $556,755
Rourke Mark B. Executive Chair August 4, 2026 Sell 13,208 $35.58 $469,941
Rourke Mark B. Executive Chair August 3, 2026 Sell 20,312 $35.18 $714,576
Jackson Thomas G EVP - General Counsel June 10, 2026 Sell 20,271 $37.15 $753,068
Devgun Shaleen EVP-Chief Innovation, Tech June 8, 2026 Sell 8,352 $38.59 $322,304
Dumas Magnin Shelly A VP and Corporate Controller May 6, 2026 Sell 2,425 $30.90 $74,932
Fish Angela M EVP Human Resources May 5, 2026 Sell 7,869 $30.43 $239,454
Fish Angela M EVP Human Resources May 4, 2026 Sell 6,250 $30.01 $187,562
Campbell Darrell George EVP - CFO February 19, 2026 Sell 6,000 $28.89 $173,340

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 8 trades and filings

In the last 12 months, 2 members of Congress disclosed 0 purchases and 2 sales of Schneider National, Inc. shares.

  • Josh Gottheimer(D-NJ 5):Sale (full), $1,001 - $15,000, traded January 26, 2026, filed February 26, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded January 15, 2026, filed February 13, 2026
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 14, 2025, filed November 21, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 28, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 30, 2026
  • April 30, 2026
  • January 29, 2026
  • October 30, 2025
  • July 31, 2025

Recent SEC filings

Data status

When each part of this page on Schneider National, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Schneider National, Inc. in brief

What does Schneider National, Inc. do?
Schneider National, Inc. is a US-listed company in the cargo ground transportation industry. Its financial year ends in December.
What is Schneider National, Inc.'s stock ticker?
Schneider National, Inc. trades under the ticker SNDR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Schneider National, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Schneider National, Inc. reported revenue of $6B, 6.0% higher than a year earlier, according to its SEC filings.
What is Schneider National, Inc.'s free cash flow?
Schneider National, Inc.'s free-cash-flow margin is 4.3% of revenue over the trailing twelve months, ranking 8 of the 19 cargo ground transportation companies we cover.
What is Schneider National, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Schneider National, Inc.'s free cash flow after stock-based pay gives ~$27 per share in the base case, and ~$20–$36 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Schneider National, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Blueprint Financial Advisors LLC and Blueprint Investment Partners LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Schneider National, Inc. buying back stock, and does it pay a dividend?
Schneider National, Inc. spent $11.5M on share repurchases over the trailing twelve months, and its diluted share count still rose 0.1% over the year.
What is Schneider National, Inc.'s market cap?
On November 2, 2026, Schneider National, Inc.'s market capitalisation was about $5.2B, with a price-to-earnings ratio of 36.7 and net debt of $67M. Market figures come from third-party market data and may be delayed.
Does Schneider National, Inc. pay a dividend?
Yes: Schneider National, Inc. paid $68.8M in dividends over the trailing twelve months, a dividend yield of 1.32% and a payout ratio of 48.6%.
How much debt does Schneider National, Inc. have?
Schneider National, Inc.'s debt-to-equity ratio is 12.6%, from its latest balance sheet (8.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are Schneider National, Inc.'s competitors?
In our Cargo Ground Transportation peer group, the companies closest to Schneider National, Inc. are Old Dominion, Landstar System Inc, TFI International Inc., Knight-swift Transportation Holdings Inc. and Arcbest Corp. The side-by-side comparison below sets their revenue, margins and growth against Schneider National, Inc.'s.
Are insiders buying or selling Schneider National, Inc. stock?
Over the last 12 months, Schneider National, Inc.'s directors and officers reported 0 open-market purchases and 10 sales on Form 4. The insider trading page charts every trade.
When is Schneider National, Inc.'s next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Schneider National, Inc. announces its own schedule.