Q3 25 EPS
$0.12
MISS 41.29%
Est. $0.20
Q3 25 Revenue
$1.45B
BEAT +1.48%
Est. $1.43B
vs S&P Since Q3 25
+61.7%
BEATING MARKET
SNDR +69.2% vs S&P +7.5%
Market Reaction
Did SNDR Beat Earnings? Q3 2025 Results
Schneider National delivered a sharply disappointing Q3 2025, posting adjusted EPS of $0.12 against a consensus estimate of $0.20, a miss of 41.29%, even as revenue of $1.45 billion edged above the $1.43 billion forecast by 1.48% and grew 10.4% year … Read more Schneider National delivered a sharply disappointing Q3 2025, posting adjusted EPS of $0.12 against a consensus estimate of $0.20, a miss of 41.29%, even as revenue of $1.45 billion edged above the $1.43 billion forecast by 1.48% and grew 10.4% year over year. The central culprit was adverse insurance claims development tied to three specific claims from the 2021 and 2023 policy years, which added $16 million, or $0.07 per share, in costs beyond prior guidance expectations, compounding the pressure from freight market conditions that CEO Mark Rourke described as "largely sub-seasonal" through August and September. The Cowan Systems acquisition, completed in late 2024, drove meaningful top-line contributions, including a 28% year-over-year increase in Dedicated average truck count and 10% Intermodal volume growth, but could not offset the earnings drag. Management lowered full-year 2025 adjusted diluted EPS guidance to approximately $0.70, down from a prior range of $0.75 to $0.95, while also trimming net capital expenditure guidance to roughly $300 million, signaling continued caution as sub-seasonal trends are expected to persist into year-end.
Key Takeaways
- • Cowan Systems acquisition drove 22% increase in Dedicated volume and 28% growth in Dedicated average truck count
- • Intermodal volume growth of 10%, with accelerating growth in Mexico
- • Network bid season achieved low-to-mid single digit percentage rate increases
- • Adverse insurance claims development of $16 million ($0.07 EPS) above guidance from 2021 and 2023 policy years
- • Sub-seasonal freight market conditions in August and September
- • Revenue per truck per week declined 1% due to new Dedicated business startup friction
SNDR YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
SNDR Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our third quarter results benefitted from our acquisition of Cowan Systems, as well as ongoing cost, productivity, and revenue initiatives, though these were offset by claims costs that were $16.0 million, or $0.07 earnings per share, greater than our previous guidance.”
— Mark Rourke, Q3 2025 Earnings Press Release
SNDR Earnings Trends
SNDR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SNDR EPS Trend
Earnings per share: estimate vs actual
SNDR Revenue Trend
Quarterly revenue: estimate vs actual
SNDR Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.10 | $0.12 | +22.95% | $1.40B | -1.50% |
| Q4 25 MISS FY | $0.20 | $0.13 | -35.03% | $1.40B | -3.68% |
| FY Full Year | $0.70 | $0.63 | -9.55% | $5.67B | -0.94% |
| Q3 25 MISS | $0.20 | $0.12 | -41.29% | $1.45B | +1.48% |
| Q2 25 BEAT | $0.20 | $0.21 | +3.91% | $1.42B | +0.73% |
| Q1 25 BEAT | $0.14 | $0.16 | +15.27% | $1.40B | -0.60% |