Knight-Swift Transportation Holdings (XTER:KSX) Debt-to-EBITDA : 2.35 (As of Jun. 2026) — 78% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XTER:KSX Knight-Swift Transportation Holdings Inc XTER:KSX
65 GF Score
Price €60.00
GF Value €48.34
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Knight-Swift Transportation Holdings Debt-to-EBITDA?

Knight-Swift Transportation Holdings XTER:KSX -0.83% 65 Debt-to-EBITDA is 2.35 as of Jun. 2026, which is 78% above its 10-year median of 1.32. GuruFocus rates XTER:KSX with a GF Score™ of 65/100 and a GF Value™ of €48.34 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 866 Transportation companies, Knight-Swift Transportation Holdings ranks worse than 50.81% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Knight-Swift Transportation Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €243 Mil. Knight-Swift Transportation Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €2,088 Mil. Knight-Swift Transportation Holdings's annualized EBITDA for the quarter that ended in Jun. 2026 was €992 Mil. Knight-Swift Transportation Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 2.35.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Knight-Swift Transportation Holdings's Debt-to-EBITDA or its related term are showing as below:

XTER:KSX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.07   Med: 1.32   Max: 2.83
Current: 2.7

During the past 13 years, the highest Debt-to-EBITDA Ratio of Knight-Swift Transportation Holdings was 2.83. The lowest was 0.07. And the median was 1.32.

XTER:KSX's Debt-to-EBITDA is ranked worse than
50.81% of 866 companies
in the Transportation industry
Industry Median: 2.645 vs XTER:KSX: 2.70

Knight-Swift Transportation Holdings  (XTER:KSX) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Knight-Swift Transportation Holdings Debt-to-EBITDA Related Terms


Knight-Swift Transportation Holdings Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Knight-Swift Transportation Holdings's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Knight-Swift Transportation Holdings Debt-to-EBITDA Chart

Knight-Swift Transportation Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.42 1.21 2.83 2.53 2.57

Knight-Swift Transportation Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.37 3.16 2.94 2.96 2.35

XTER:KSX vs SAIA, SNDR, RXO: Debt-to-EBITDA Comparison

For the Trucking subindustry, Knight-Swift Transportation Holdings's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Knight-Swift Transportation Holdings Debt-to-EBITDA vs Transportation Industry

For the Transportation industry and Industrials sector, Knight-Swift Transportation Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Knight-Swift Transportation Holdings's Debt-to-EBITDA falls into.


XTER:KSX
65GF Score
Knight-Swift Transportation Holdings Inc XTER:KSX
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Knight-Swift Transportation Holdings Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Knight-Swift Transportation Holdings's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(274.94 + 2018.534) / 892.575
=2.57

Knight-Swift Transportation Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(243.104 + 2087.618) / 992.128
=2.35

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.35 mean?
Knight-Swift Transportation Holdings (XTER:KSX) has a Debt-to-EBITDA of 2.35 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Knight-Swift Transportation Holdings. This is 78% above median its historical median of 1.32. Over the past decade, Knight-Swift Transportation Holdings' Debt-to-EBITDA has ranged from 0.07 to 2.83. According to the industry distribution chart, Knight-Swift Transportation Holdings ranks #440 out of 866 companies in the Transportation industry, placing it in the top 50.8%.
Is Knight-Swift Transportation Holdings' Debt-to-EBITDA too high?
Knight-Swift Transportation Holdings' current Debt-to-EBITDA of 2.35 is 78% above median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 2.83. The Transportation industry median Debt-to-EBITDA is 2.65. Knight-Swift Transportation Holdings' value of 2.35 is 11.2% below this industry median. Based on the distribution chart, Knight-Swift Transportation Holdings ranks #440 out of 866 companies in the Transportation industry, which is below the industry midpoint. Overall, Knight-Swift Transportation Holdings has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Knight-Swift Transportation Holdings' Debt-to-EBITDA compare to SAIA and SNDR?
According to the Transportation industry distribution chart, Knight-Swift Transportation Holdings ranks #440 out of 866 companies for Debt-to-EBITDA. This places Knight-Swift Transportation Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 2.65. Knight-Swift Transportation Holdings' value of 2.35 is 11.2% below this benchmark. Historically, Knight-Swift Transportation Holdings' own Debt-to-EBITDA has ranged from 0.07 to 2.83 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 2.65, Knight-Swift Transportation Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.65, based on 866 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Knight-Swift Transportation Holdings's current Debt-to-EBITDA of 2.35 is 11.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Knight-Swift Transportation Holdings. For the Transportation industry, the median Debt-to-EBITDA is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Knight-Swift Transportation Holdings's current Debt-to-EBITDA is 2.35, which is 78% above median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Knight-Swift Transportation Holdings stock overvalued right now?
Based on GuruFocus' analysis, Knight-Swift Transportation Holdings (XTER:KSX) is currently considered Modestly Overvalued. The stock's GF Value™ is €48.34, compared to a current price of €60.00 — trading 24.1% above its estimated fair value. The current Debt-to-EBITDA is 2.35, which is 78% above median its 10-year median of 1.32 and 11.2% below the Transportation industry median of 2.65. Knight-Swift Transportation Holdings' overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Knight-Swift Transportation Holdings (XTER:KSX), the current Debt-to-EBITDA is 2.35 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Knight-Swift Transportation Holdings (XTER:KSX) Overvalued in 2026?

Based on GuruFocus' analysis, Knight-Swift Transportation Holdings stock appears to be overvalued. The current stock price of €60.00 is trading 24.1% above its estimated GF Value™ of €48.34. GuruFocus considers Knight-Swift Transportation Holdings to be Modestly Overvalued.

Key valuation signals for XTER:KSX:

  • Debt-to-EBITDA: 2.35 (78% above median its 10-year median of 1.32)
  • GF Value™: €48.34 vs. price of €60.00 (24.1% above fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 11.2% below the Transportation median (#440 of 866)

No single metric tells the full story. See the XTER:KSX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Knight-Swift Transportation Holdings Business Description

Other Exchanges KNX:USAKSX:Germany
Address 2002 West Wahalla Lane, Phoenix, AZ, USA, 85027
Knight-Swift Transportation is the largest full-truckload carrier in the US, with a diversified transportation offering. Roughly 82% of revenue derives from Knight's asset-based trucking business, with full truckload (for-hire dry van, refrigerated, and dedicated contract) making up 63% and less than truckload 19%. Truck brokerage and other asset-light logistics services make up 8% of revenue, with intermodal near 5%. Knight's intermodal operations use the Class I railroads for the underlying movement of its shipping containers and include drayage (regional trucking services to and from inland intermodal ramps/terminals). The remainder of revenue is from services offered to shippers and third-party truckers, including equipment maintenance and leasing.
65GF Score

Get the complete analysis for XTER:KSX

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€60.00
Price
€48.34
GF Value