Schneider National (SNDR) Cash Flow: Operating & Free Cash Flow

Schneider National (SNDR) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Schneider National generated $637.40M of operating cash flow and spent $454.60M on capital expenditures. That left free cash flow of $182.80M, up 24.5% from $146.80M a year earlier, or 3.2% of revenue. It returned $81.60M to shareholders through $67.00M in dividends and $14.60M in share buybacks.

Schneider National Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Schneider National, Inc. (SNDR) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	103.60	117.00	238.50	457.80	405.40	211.70	147.00	268.90	389.90
Depreciation & Amortization	450.00	413.70	382.50	350.00	296.20	290.50	292.90	291.30	279.00
Deferred Income Tax	-3.20	3.90	55.80	83.00	2.00	1.70	-0.20	62.20	-152.00
Stock Based Compensation	0.00	12.60	15.80	16.50	14.40	8.90	-3.60	22.80	17.00
Change in Working Capital	16.90	80.40	-39.60	-24.80	-148.40	30.50	22.50	-69.10	-49.00
Change in Accounts Receivable	17.90	108.10	42.40	60.10	-155.20	-65.40	119.90	-74.80	-64.40
Change in Inventory	0.00	0.00	0.00	25.80	0.00	0.00	20.70	94.60	61.00
Change in Accounts Payable	0.00	-32.70	0.00	-42.20	70.20	0.00	19.10	3.00	16.00
Change in Other Working Capital	-1.00	11.50	-82.00	-42.70	-63.40	95.90	-137.20	-91.90	-61.60
Other Operating Activities	70.10	58.20	27.00	56.90	-1.50	74.90	177.70	-9.60	-23.60
Net Cash from Operating Activities	637.40	686.10	680.00	856.40	566.10	618.20	636.30	566.50	461.30
Investing Activities
Capital Expenditures	-454.60	-539.30	-807.60	-693.60	-540.60	-419.00	-465.70	-512.50	-532.00
Acquisitions	0.00	-393.20	-240.20	-31.70	-271.30	87.40	90.10	90.50	70.00
Purchases of Investments	-0.20	-2.00	-33.80	-18.00	-23.90	-34.00	-17.40	-20.10	0.00
Sales/Maturities of Investments	7.60	11.80	6.20	-7.60	14.60	24.20	22.10	9.90	10.50
Other Investing Activities	101.00	-27.80	167.80	-79.80	-74.70	22.70	20.70	94.60	131.00
Net Cash from Investing Activities	-346.20	-791.50	-907.60	-598.80	-626.40	-318.70	-350.20	-337.60	-390.50
Financing Activities
Debt Repayment	-121.40	-44.50	81.10	-62.00	-40.80	-55.60	-52.00	-28.70	-258.70
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	340.60
Common Stock Repurchased	-14.60	-29.50	-66.90	0.00	0.00	0.00	0.00	0.00	-0.10
Dividends Paid	-67.00	-66.60	-63.60	-55.70	-49.60	-400.00	-42.50	-40.70	-25.50
Other Financing Activities	-4.30	-3.80	-6.30	1.00	0.00	0.00	-18.70	-19.30	-19.40
Net Cash from Financing Activities	-207.30	120.60	-55.70	-116.70	-90.40	-455.60	-113.20	-88.70	36.90
Summary
Net Change in Cash	83.90	15.20	-283.30	140.90	-150.70	-156.10	172.90	140.20	107.70
Cash at Beginning of Period	117.60	102.40	385.70	244.80	395.50	551.60	378.70	238.50	130.80
Cash at End of Period	201.50	117.60	102.40	385.70	244.80	395.50	551.60	378.70	238.50
Free Cash Flow	182.80	146.80	-127.60	162.80	25.50	199.20	170.60	54.00	-70.70
Supplemental Disclosures
Interest Paid	-	14.30	10.20	9.30	11.60	-	-	-	-
Income Taxes Paid	-	-0.20	67.60	52.80	145.90	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Schneider National Cash Flow

What is Schneider National's free cash flow?

Schneider National generated free cash flow of $182.80M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $637.40M minus $454.60M of capital expenditures. That was up 24.5% from $146.80M a year earlier. Free cash flow equaled 3.2% of revenue.

How much does Schneider National spend on capital expenditures?

Schneider National spent $454.60M on capital expenditures in fiscal 2025, compared with $539.30M a year earlier. That equals 71.3% of operating cash flow.

Does Schneider National pay dividends or buy back shares?

Yes. In fiscal 2025 Schneider National returned $67.00M in dividends and $14.60M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition