At a glance
Schneider National Inc is worth $5.21B, about 50 times its fiscal 2025 earnings. Revenue grew 7.3% to $5.67B in fiscal 2025, with 1.8% kept as profit; over 5 years it has grown 4.5% a year. It pays a 1.35% dividend yield, and returned $413.5M to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +32.7% over the past year with dividends reinvested and +5.2% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 24.0% in the 2020 crash (S&P 500: 33.7%) and 24.8% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 1 month and 4 months after the lows.
The business in plain English
Schneider National, founded in 1935 and based in Green Bay, Wisconsin, moves freight for businesses across the U.S., Canada and Mexico. It charges shippers to haul their goods or to arrange shipping with other carriers. In the year ended Dec. 31, 2025, it served about 7,400 customers, including 136 Fortune 500 companies, in industries such as retail, consumer products, automotive and chemicals. Of its top 25 customers, 22 used all three segments.
Truckload is the largest segment. It brought in $2.87 billion, about 51% of fiscal 2025's $5.67 billion in revenue. It uses company trucks and drivers plus independent owner-operators. It also runs dedicated fleets for single customers under long-term contracts. Logistics (about 24%) is “asset-light,” meaning it owns few of the trucks it uses. It books loads with more than 14,000 outside carriers and keeps the difference between what it charges customers and what it pays carriers. It also offers warehousing. Intermodal (22%) moves company-owned containers by rail through agreements with most major railroads, and mostly company drivers handle the truck trips at each end.
Schneider also leases trucks to owner-operators through Schneider Finance and insures drivers through an insurance subsidiary. At the end of 2025 it owned about 52,000 trailers and 26,800 containers. It bought M&M in August 2023 and Cowan in December 2024, which expanded its dedicated trucking. Revenue is seasonal, usually lowest in the first quarter and highest in the fourth.
Price history
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SNDR +32.7% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By business segment
| Truckload | $2.87B | 50.7% |
| Logistics | $1.34B | 23.6% |
| Intermodal | $1.25B | 22% |
Latest results
- In Q3 FY2026 (ended Sep 30, 2026), revenue was $1.59B, up 9.2% from a year earlier, and net income was $49.5M (+155.2%).
- For fiscal 2025, revenue was $5.67B (+7.3% year over year; +4.5% a year from FY2020 to FY2025) with a 1.8% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +4.5% watch |
|---|---|
| Operating margin | 3% weak |
| Free cash flow margin | 5% watch |
| Return on equity (FY2025) | 3.4% weak |
| Return on assets (FY2025) | 2.1% weak |
| Net cash (cash minus debt) | $-30.0M watch |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $4.55B | $211.7M | $343.4M |
| FY2021 | $5.61B | $405.4M | $166.7M |
| FY2022 | $6.60B | $457.8M | $321.3M |
| FY2023 | $5.50B | $238.5M | $19.9M |
| FY2024 | $5.29B | $117.0M | $272.1M |
| FY2025 | $5.67B | $103.6M | $285.4M |
Valuation snapshot
| Market value | $5.21B |
|---|---|
| P/E ratio | 50.4 |
| Dividend yield | 1.35% |
Rank among 1514 US companies
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| SNDR price data to Oct 28, 2026 | +13.1% | +32.7% | +7.5% | +5.2% | — |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +13.1% |
| 2025 | -7.9% |
| 2024 | +16.9% |
| 2023 | +10.2% |
| 2022 | -11.9% |
| 2021 | +31.5% |
| 2020 | +5.3% |
| 2019 | +18.2% |
| 2018 | -34.0% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 22% over that stretch · deepest drop along the way 24%, back to its old high 1.4 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 18.1% over that stretch · deepest drop along the way 24.8%, back to its old high 4.1 months after the low |
Insider activity
Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 0 open-market purchases and 10 sales ($4.4M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Aug 4, 2026 | Mark B. Rourke Executive Chair, Director | sell | $867K |
| Jun 10, 2026 | Thomas G Jackson EVP - General Counsel | sell | $753K |
| Aug 3, 2026 | Mark B. Rourke Executive Chair, Director | sell | $715K |
| Aug 4, 2026 | Mark B. Rourke Executive Chair, Director | sell | $557K |
| Aug 4, 2026 | Mark B. Rourke Executive Chair, Director | sell | $470K |
Who owns it
Large shareholders (13G filings)
| Klimpel Joan D. | 64.1% | Dec 31, 2025 |
| BlackRock, Inc. | 6.5% | Mar 31, 2025 |
| Gannon Thomas A. | 6.2% | Dec 31, 2025 |
| Dimensional Fund Advisors LP | 5.1% | Jun 30, 2025 |
ETFs with the most weight in SNDR
| XTN SPDR S&P Transportation ETF | 2.64% |
| FXR First Trust Industrials/Producer Durables AlphaDEX Fund | 1.31% |
| NIXT Research Affiliates Deletions ETF | 0.86% |
| XSLV Invesco S&P SmallCap Low Volatility ETF | 0.73% |
| PSCI Invesco S&P SmallCap Industrials ETF | 0.5% |
| FVD First Trust Value Line Dividend Index Fund | 0.44% |
| FYT First Trust Small Cap Value AlphaDEX Fund | 0.41% |
| ROSC Hartford Multifactor Small Cap ETF | 0.32% |
What could go wrong
- The Schneider family controls the vote. A Voting Trust set up for Schneider family members holds voting control. As a “controlled company,” Schneider can skip some NYSE rules for its compensation and governance committees, limiting outside shareholders' influence.
- Intermodal relies on railroads and ports. Intermodal, 22% of fiscal 2025 revenue, moves containers on partner railroads and depends on access to ports. Weak rail service or port disruptions, which Schneider cannot control, could hurt service and results.
- Owner-operators could be ruled employees. Schneider works with independent owner-operators, some leasing trucks from its finance subsidiary. If laws or courts treat these contractors as employees, Schneider could face higher pay, benefit and tax costs.
- Freight slumps and price wars squeeze margins. Shipping demand swings with the economy and tariffs, and thousands of rivals compete on price. Weak demand pushes rates down. Schneider kept about 3 cents of operating profit per revenue dollar in fiscal 2025.
- Hiring and keeping enough truck drivers. About 70% of Schneider's roughly 19,000 employees at year-end 2025 were drivers. The industry has long faced driver shortages and high turnover, which can raise pay costs and leave trucks idle.
- Accident and insurance claims can be costly. Truck accidents can bring large injury and damage claims. Schneider also insures drivers and owner-operators through its own subsidiary. Higher claim costs or insurance premiums could significantly reduce earnings and cash flow.
Recent events
- Quarterly results released
- Other company announcement
- Major agreement signed; New debt or financial obligation
- Major agreement signed; Major agreement ended; New debt or financial obligation
- Quarterly results released
- Executive or board change; Other company announcement
- Executive or board change; Bylaws or fiscal year changed; Shareholder vote results
- Quarterly results released
- Other company announcement
- Quarterly results released
For income and retirement investors
Schneider pays a modest dividend. The yield was 1.35% as of Oct. 28, 2026. Regular dividends per share rose from $0.28 in fiscal 2021 to $0.38 in fiscal 2024, then stayed at $0.38 in fiscal 2025, so there is no streak of yearly increases. Fiscal 2025 dividends took 64.7% of earnings and 23.5% of free cash flow (cash from operations minus capital spending). That coverage can swing: in fiscal 2023, free cash flow was $19.9 million against $63.6 million in dividends paid. The company says it may change its dividend policy at any time. Buybacks totaled $111 million over fiscal 2021–2025 but have shrunk each year since fiscal 2023.
In the 2020 COVID crash, the shares fell 24% from Feb. 19 to March 16, 2020, and regained that peak by April 27, 2020. In the 2022 bear market, they fell 24.8% and recovered by Feb. 1, 2023. A single stock like Schneider carries more risk than a diversified fund.
Questions investors ask
How does Schneider National make money?
Schneider charges businesses to move their freight. In the year ended Dec. 31, 2025, Truckload brought in about 51% of its $5.67 billion in revenue, Logistics about 24% and Intermodal 22%. Truckload uses company trucks and drivers plus owner-operators. Logistics includes freight brokerage, which matches loads with more than 14,000 outside carriers, plus warehousing. Intermodal moves company-owned containers by rail, and trucks handle pickup and delivery. Its roughly 7,400 customers included 136 Fortune 500 companies.
Does Schneider National raise its dividend every year?
No. Schneider pays a regular dividend, but it has not raised it every year. Regular dividends per share rose from $0.28 in fiscal 2021 to $0.38 in fiscal 2024, then stayed at $0.38 in fiscal 2025. Fiscal 2020's $2.26 included what looks like a special dividend. The yield was 1.35% as of Oct. 28, 2026. The fiscal 2025 dividend equaled 64.7% of earnings and 23.5% of free cash flow. The company says it may change its dividend policy at any time.
Who controls Schneider National?
A Voting Trust set up for certain members of the Schneider family holds voting control, which limits other shareholders' influence. That makes Schneider a “controlled company” under NYSE rules, so it can use exemptions from some requirements for its compensation and governance committees. In a Schedule 13G filing, Joan D. Klimpel reported 64.1% of a class of Schneider shares as of Dec. 31, 2025. BlackRock (6.5% as of March 31, 2025) and Dimensional Fund Advisors (5.1% as of June 30, 2025) also reported stakes.
Why is Schneider National's P/E ratio so high?
Because its earnings have fallen sharply. The P/E ratio (share price divided by yearly earnings per share) was 50.4 as of Oct. 28, 2026. That was based on fiscal 2025 diluted earnings of $0.59 per share, down from $2.56 in fiscal 2022. Net income dropped from $457.8 million to $103.6 million over that span. Results improved in the quarter ended June 30, 2026, compared with a year earlier: revenue rose 10.4% to $1.57 billion and net income rose 38.1% to $49.7 million.
How has Schneider National stock performed?
The stock has swung widely, with modest long-run gains. As of Oct. 28, 2026, its price return was 32.7% over one year, 7.5% a year over three years and 5.2% a year over five years. Calendar years ranged from a 34% loss in 2018 to a 31.5% gain in 2021, with losses in 2022 and 2025. Its worst decline in about 9.6 years of price history was 44%. Its one-year volatility, a measure of price swings, was 39.6%.