# Schneider National, Inc. (SNDR)

> Source: Nexqual · https://nexqual.com/SNDR · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Schneider National, Inc. (SNDR), nexqual.com/SNDR" · informational, not investment advice.

**Price:** USD 31.12 (+0.65% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 30.92 · day 30.93–31.57 · 52w 20.11–39.27 · market cap $5.46B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $5.82B, net income $112M (1.9% margin), free cash flow $312M (SEC filings).
- Valuation: P/E 48.9x (avg 36.0x at the last 3 fiscal year-ends), EV/EBITDA 8.9x, net debt $65.4M.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $4.2M; 5 not under a Rule 10b5-1 plan ($4.2M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.56 on a 1–5 scale) (16 analysts), mean target USD 35.86 (range 30–45).
- Total return with dividends: 1Y +39.0% vs S&P 500 +14.9%; 5Y +34.7% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.3, revenue estimate $1.58B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $5.61B | $6.60B | $5.50B | $5.29B | $5.67B | $5.82B |
| Operating income | $534M | $600M | $296M | $165M | $169M | $177M |
| Net income | $405M | $458M | $239M | $117M | $104M | $112M |
| EPS (diluted) | $2.28 | $2.56 | $1.34 | $0.66 | $0.59 | — |
| Free cash flow | $167M | $321M | $19.9M | $272M | $285M | $312M |
| Operating margin | 9.5% | 9.1% | 5.4% | 3.1% | 3.0% | 3.0% |
| Net margin | 7.2% | 6.9% | 4.3% | 2.2% | 1.8% | 1.9% |
| Revenue growth | +23.2% | +17.8% | -16.7% | -3.8% | +7.3% | — |
| Cash + short-term investments | $294M | $432M | $160M | $166M | $243M | — |
| Total debt | $209M | $205M | $290M | $515M | $398M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 48.9x · P/S 0.9x · EV/EBITDA 8.9x · EV/Sales 0.9x · P/FCF 17.5x · P/B 1.8x · FCF yield 5.72% · Earnings yield 2.05% · Dividend yield (paid, TTM) 1.24% · Buyback yield (TTM) 0.21% · Net debt $65.4M · EV $5.52B
P/E at fiscal year-ends: Dec 2025 45.0x, Dec 2024 44.1x, Dec 2023 19.0x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-03…2026-08-04 | Rourke Mark B. | Executive Chair | 72,994 | $2.6M | 5.9% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-06-10 | Jackson Thomas G | EVP - General Counsel | 20,271 | $753K | 20.8% | No | Too little history (no open-market trades in 2023) |
| 2026-06-08 | Devgun Shaleen | EVP-Chief Innovation, Tech | 8,352 | $322K | 4.9% | No | Too little history (no open-market trades in 2025) |
| 2026-05-06 | Dumas Magnin Shelly A | VP and Corporate Controller | 2,425 | $75K | 8.9% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-04…2026-05-05 | Fish Angela M | EVP Human Resources | 14,119 | $427K | 19.6% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.56 on a 1–5 scale), 16 analysts; mean target USD 35.86 (low 30, high 45).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-07 | Citigroup | Target lowered | Neutral | $38 → $33 |
| 2026-10-06 | Wells Fargo | Target lowered | Equal-Weight | $38 → $35 |
| 2026-10-05 | JP Morgan | Target lowered | Neutral | $35 → $30 |
| 2026-08-05 | UBS | Target raised | Neutral | $27 → $34 |
| 2026-07-31 | Citigroup | Target lowered | Neutral | $39 → $38 |
| 2026-07-31 | JP Morgan | Target raised | Neutral | $31 → $35 |
| 2026-07-31 | Susquehanna | Target lowered | Neutral | $39 → $36 |
| 2026-07-14 | Susquehanna | Target raised | Neutral | $36 → $39 |
| 2026-07-09 | Citigroup | Target raised | Neutral | $33 → $39 |
| 2026-07-06 | Morgan Stanley | Target raised | Overweight | $38 → $45 |
| 2026-07-01 | Evercore ISI Group | Target raised | In-Line | $28 → $34 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +39.0% | +34.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +39.1% | +6.1% |
| Volatility (annualized) | 39.3% | 28.9% |
| Max drawdown | -22.2% (Jan 2026→Mar 2026) | -35.8% (Nov 2024→Sep 2025) |

## Peers (Trucking)
RXO (RXO, Inc.) USD 28.92 +0.49% · SAIA (Saia, Inc.) USD 344.5 +1.67% · TFII (TFI International Inc.) USD 115 +2.10% · KNX (Knight-Swift Transportation Hol) USD 62.52 -1.08% · ARCB (ArcBest Corporation) USD 130.3 -0.39% · WERN (Werner Enterprises, Inc.) USD 29.18 -2.34%

## More
Full page: https://nexqual.com/SNDR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Truckload | $793.3M | 50.6% | +10.2% | $51.4M | 6.5% |
| Logistics | $378.3M | 24.1% | +10.9% | $12.1M | 3.2% |
| Intermodal | $335.8M | 21.4% | +9.9% | $18.4M | 5.5% |
| Total revenue | $1.57B | 100% | — | $71.4M | 4.6% |
The lines above cover 96.1% of total revenue.

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Transportation | $1.44B | 91.8% | +9.9% |
| Logistics Management | $67.2M | 4.3% | +23.3% |
| Other | $61.3M | 3.9% | +10.3% |
| Total revenue | $1.57B | 100% | — |

## Company outlook (8-K filed 2026-07-30)

- "Business Outlook (in millions, except per share data) Current Guidance Adjusted diluted earnings per share $0.90 - $1.10 Net capital expenditures $350 - $400 "Second quarter benefitted from an improved backdrop as the enterprise effectively executed on market opportunities."
- "At the same time, our guidance incorporates a range of outcomes as it relates to demand and driver capacity for the second half of the year." Campbell added, "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."
- "Our guidance continues to assume a full year effective tax rate of approximately 24.0%."
- "A reconciliation of net income per share to adjusted diluted earnings per share as projected for 2026 is not provided."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.30 | $0.28 | +7.5% | $1.58B | 16 |
| Next quarter (ends 2026-12-31) | $0.35 | $0.32 | +10.1% | $1.56B | 15 |
| Current fiscal year (ends 2026-12-31) | $1.06 | $0.96 | +10.4% | $6.11B | 16 |
| Next fiscal year (ends 2027-12-31) | $1.68 | $1.65 | +1.3% | $6.51B | 16 |