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Schneider National

SNDR
39
Trucking · Industrials
Price
$38.19
-0.30 (-0.78%)
Market Cap
$6.69B
Winston Score
39
Winston is serious
Below-average fundamentals — multiple weak pillars.

Share count falling — buybacks

1.2% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 178.1M (2021) → 175.9M (2025)

Schneider National is a large American trucking and logistics company. It moves freight — things like retail goods, food, and industrial products — across the United States for big companies that need to ship large amounts of cargo. Schneider is one of the largest trucking carriers in the U.S. and operates three main business lines: truckload (full truck shipments), intermodal (shipping containers moved by both truck and rail), and logistics (coordinating shipments through a network of other carriers).

Schneider makes money by charging customers per mile or per load to move their freight, and by earning fees for managing logistics on their behalf. The company operates almost entirely in North America, with revenue in the billions of dollars annually. Its scale and intermodal network give it some cost advantages over smaller carriers, but trucking is a highly competitive, cyclical industry where pricing is heavily tied to freight demand — meaning a slowdown in consumer spending or manufacturing activity can quickly pressure margins.

Winston Score History

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-0.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-20.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

44.1%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$228M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Schneider National's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
4.5%
Thin — 4.5% gross margin
Operating Margin
2.4%
Thin — 2.4% operating margin
ROCE
1.0%
Weak — 1.0% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY
+5.5%
Slow sales growth (5.5% YoY)
EPS YoY
-19.7%
Earnings shrinking (-19.7% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
652%
Turns 652% of profit into real cash
FCF Margin
3.6%
Thin free cash flow (3.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
0.13
Conservative — low debt load (0.13)
Interest Cover
4.85x
Adequate interest coverage (4.9x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

P/E Ratio (TTM)
67.0x
Expensive — P/E 67.0

P/E over 35. The market is pricing in heavy, sustained growth.

P/E vs Forward
+26.4
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (67.0 → 40.6)

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Dividends

Dividend Yield
1.02%
Small dividend — 1.02% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth
+2.6%
Dividend flat

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