Companies /Industrials

Schneider National Inc - Class B

NYSE: SNDR Trucking
$33.61
▲ $0.03 (+0.09%) today
Markets open · 10:01am ET

Q4 2025 Earnings

Reported Jan 29, 2026, 4:06pm ET · SEC source
$0.13
Miss −35.03%
EPS · est. $0.20
$1.4B
Miss −3.68%
Revenue · est. $1.5B
+6.2%
Beating market
SNDR vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−12%−6%0+6%Jan 29Jan 30report 4:06pm ETearnings−0.4%−2.4%
−12%−6%0+6%Jan 29Jan 30earnings−0.4%−2.4%
SNDR −2.4%S&P 500 −0.4%
−12%−6%0+6%Jan 29Jan 30report 4:06pm ETearnings−1.3%−2.4%
−12%−6%0+6%Jan 29Jan 30earnings−1.3%−2.4%
SNDR −2.4%NASDAQ −1.3%
−8%0+8%+16%Jan 28Feb 6report 4:06pm ETearnings−0.5%+15.4%
−8%0+8%+16%Jan 28Feb 6earnings−0.5%+15.4%
SNDR +15.4%S&P 500 −0.5%
−8%0+8%+16%Jan 28Feb 6report 4:06pm ETearnings−3.2%+15.4%
−8%0+8%+16%Jan 28Feb 6earnings−3.2%+15.4%
SNDR +15.4%NASDAQ −3.2%
−9.66%
Day of report
+6.48%
Next session
+9.84%
One week
+5.25%
30 days

S&P 500 over the same 30 days: −0.99%.

Did SNDR Beat Earnings? Q4 2025 Results

Schneider National delivered a disappointing finish to fiscal 2025, with Q4 earnings and revenue both falling short of Wall Street expectations as a challenging freight environment weighed heavily on results. The trucking and logistics giant posted adjusted diluted EPS of $0.13, missing the $0.20 consensus estimate by 35%, while revenue of $1.40 billion trailed forecasts by 3.71%, despite rising 4.5% year over year. CEO Mark Rourke attributed the shortfall to a confluence of headwinds, including softer market conditions beginning in November, a truncated peak season, spiking third-party carrier capacity costs, and unplanned auto production shutdowns among key customers. The Cowan Systems acquisition, completed in December 2024, helped lift Truckload revenues 9% and operating income 16%, but weakness in Logistics, where operating income plunged 69%, undercut those gains. Amid the results, Schneider also announced a leadership transition, with Jim Filter set to succeed Rourke as CEO on July 1, 2026. Looking ahead, management guided for full-year 2026 adjusted EPS of $0.70 to $1.00, targeting $40 million in additional cost savings and continued volume growth in intermodal and specialty dedicated services.

Key Takeaways
  • Cowan Systems acquisition drove 21% increase in Dedicated volume and 18% increase in Dedicated average truck count
  • Truncated peak season and softer-than-expected demand beginning in November
  • Spiking third-party carrier capacity costs compressed Logistics margins
  • Unplanned auto production shutdowns with certain customers
  • Heightened healthcare costs
  • Intermodal volume grew 3% but revenue per order declined 5%
  • Truckload operating ratio improved 30 basis points to 96.2%
  • Intermodal operating ratio improved 50 basis points to 93.3%
  • Logistics operating ratio deteriorated 180 basis points to 99.2%

“Fourth quarter results fell short of our guidance as a result of softer than expected market conditions beginning in November, particularly for volume, reflecting a very truncated peak season.”

Schneider National CEO, on the earnings call

Forward Guidance & Outlook

Schneider issued full-year 2026 adjusted diluted EPS guidance of $0.70 to $1.00, assuming a full-year effective tax rate of approximately 24.0%. Full-year 2026 net capital expenditures are expected to be approximately $400-450 million, consisting primarily of replacement capital. Management expects capacity to continue exiting the market at an accelerated pace due to regulatory actions, which should support improving market conditions, but noted demand variability will be key in determining the pace and magnitude of cycle improvement. The company is targeting an additional $40 million in cost savings for 2026 and plans to grow specialty dedicated and intermodal volumes, especially in Mexico.

SNDR YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$400.0M$800.0M$1.2B$1.3B$1.4BRevenue$42.4M$36.5MOperating Income$32.6M$22.1MNet Income
$0$400.0M$800.0M$1.2BRevenueOperating IncomeNet Income

SNDR Revenue by Segment

Truckload$610.0M+9.0%
Dedicated$425.7M+13.0%
Logistics$329.3M+2.0%
Intermodal$268.2M−3.0%
Network$183.9M
Other

Figures from SEC filings and company reports. Not investment advice.