SNDRSchneider National, Inc.
Trucking (no Local)
- Revenue
- $5.7B
- 7.3% YoY
- Operating margin
- 3.0%
- 4.7% YoY
- EBITDA
- $619M
- 6.9% YoY
- Market cap
- $5.1B
- Employees
- 19,000
- $299K revenue each
- Net debt / EBITDA
- 0.1×
- $64M net debt
- AI in 10-K
- 2.1
- mentions per 10K words
Takeover score 0 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo615% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo13% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo7% of assetsOver 40% of assets
- Shareholder dissentNo97% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$299K per employeeBottom quartile of its SIC industry
- Quiet on AINo2.1 per 10K words · 57th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo0.1× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$5.1B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$4M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $5.6B | $6.6B | $5.5B | $5.3B | $5.7B | 7.3% |
| Operating income | $534M | $600M | $296M | $165M | $169M | 2.2% |
| Net income | $405M | $458M | $239M | $117M | $104M | 11% |
| Operating cash flow | $566M | $856M | $680M | $686M | $637M | 7.1% |
| Capex | $399M | $535M | $660M | $414M | $352M | 15% |
| Stock-based comp | $14M | $17M | $16M | $13M | $17M | 36% |
| Buybacks | $0 | $0 | $67M | $30M | $15M | 51% |
| Dividends | $50M | $56M | $64M | $67M | $67M | 0.6% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Feb 3, 2026 | Koller Therese A. | SCHEDULE 13D/A | 19.9% | Passive |
| Feb 3, 2026 | DePrey Mary P. | SCHEDULE 13D/A | 17.5% | Passive |
| Feb 3, 2026 | Zimmermann Kathleen M. | SCHEDULE 13D/A | 18.1% | Passive |
| Feb 3, 2026 | Schneider Paul J. | SCHEDULE 13D/A | 16.8% | Passive |
| Jan 31, 2025 | DePrey Mary P. | SCHEDULE 13D/A | 17.5% | Passive |
| Jan 31, 2025 | Zimmermann Kathleen M. | SCHEDULE 13D/A | 18.0% | Passive |
| Jan 31, 2025 | Schneider Paul J. | SCHEDULE 13D/A | 17.0% | Passive |
| Jan 31, 2025 | Koller Therese A. | SCHEDULE 13D/A | 19.8% | Passive |
| Feb 2, 2024 | Koller Therese A. | SCHEDULE 13D/A | 19.6% | Passive |
| Feb 2, 2024 | Schneider Paul J. | SCHEDULE 13D/A | 16.7% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $4M · 10
- Net
- −$4M
Pay vs performance
No pay-versus-performance disclosure yet.