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what it is
Radiant finds trucks, planes, rail, and ocean capacity for your freight and keeps a slice of each shipment.
how it gets paid
Last year Radiant Logistics made $903M in revenue. Domestic freight forwarding was the main engine at $316M, or 35% of sales.
why it's growing
Revenue grew 12.5% last year. Revenue was the key number because scale is everything in a 4.3% margin business.
what just happened
Latest reported quarter showed $459M of revenue and EPS of $0.14, with sales up 98% vs. prior year.
At a glance
B balance sheet — gets the job done, barely
40/100 earnings predictability — expect surprises
21.0x trailing p/e — priced about right
6.1% return on capital — nothing to write home about
$0.35 fy2025 eps est
xvary composite: 60/100 — average
What they do
Radiant finds trucks, planes, rail, and ocean capacity for your freight and keeps a slice of each shipment.
Third-party logistics → arranging shipments instead of owning most of the trucks, planes, and ships → so what: Radiant can stay flexible when freight demand swings. You get a network of about 10,000 carriers, 100+ operating locations, and 25 offices. That is a lot of phone numbers, relationships, and local know-how for a $319M company.
How they make money
$903M
annual revenue · their business grew +12.5% last year
Domestic freight forwarding
$316M
Truck brokerage
$244M
Intermodal and rail
$136M
International air and ocean
$117M
Warehousing and other logistics
$90M
The products that matter
arranges domestic and international freight
Freight Brokerage
$677M · 75% of revenue
it's the core business at $677M of annual revenue, but management says it represents only 25–30% of gross margin. large does not automatically mean attractive.
core exposure
non-brokerage logistics services
Other Logistics Services
$226M · 25% of revenue
this $226M bucket is the rest of the company outside brokerage. when brokerage weakens, you need this piece to do more of the heavy lifting.
supporting mix
technology-enabled customer platform
Navigate Platform
revenue contribution not disclosed
management points to Navigate as a future growth lever, but its contribution inside a $903M revenue base is not broken out. that means you cannot yet measure whether the software story is moving the numbers.
proof pending
Key numbers
$0.35
fy2025 eps est
$903M
fy2025 rev est
21.0x
trailing p/e
n/a
dividend yield
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 2 — safer than 80% of stocks
- price stability 55 / 100
- long-term debt $79M (20% of capital)
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for RLGT right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Latest reported quarter showed $459M of revenue and EPS of $0.14, with sales up 98% vs. prior year.
The hard part is the mixed picture across sources. Annual revenue was about $903M, but later company commentary also showed freight softness in Q2 FY2026.
$226M
revenue
$0.14
eps
n/a
n/a
the number that mattered
Revenue was the key number because scale is everything in a 4.3% margin business, and $459M in one quarter shows how lumpy this story can get.
source: company earnings report, 2026
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What could go wrong
the #1 risk here is freight demand softness. RLGT just posted a 12.25% revenue decline, and this is not a business with enough margin to shrug that off.
high
Freight demand softness
q2 2026 revenue fell 12.25% from last year to $232.1M and missed estimates by $3.33M. if freight volumes stay soft, the revenue line keeps leaning the wrong way.
this pressure runs through the core operating story, not the edges.
high
Razor-thin profitability
net income margin was 1.6% for the quarter. in human terms: a small pricing error, customer loss, or operating cost spike can wipe out a big chunk of earnings.
1.6% margin on $232.1M revenue leaves very little buffer.
med
Brokerage pricing pressure
freight brokerage is $677M of annual revenue, but only 25–30% of gross margin. that's a lot of exposure to the most commoditized part of the model.
if pricing stays competitive, volume alone will not save returns.
low
Navigate platform execution
management talks about Navigate as a future organic growth lever, but revenue contribution is not disclosed. that makes it hard to know whether the platform is changing behavior or just changing the presentation.
if it fails to gain traction, the software angle stays narrative instead of numbers.
a company doing $232.1M in quarterly revenue at a 1.6% net margin does not have much room for mistakes.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
quarterly revenue trend
$232.1M was down 12.25% from last year. if that decline eases, the margin story has a foundation. if it worsens, the quarter starts to look cosmetic.
risk
net margin discipline
1.6% net margin is the line between "still profitable" and "one bad quarter away from trouble." you want to see this hold or improve.
calendar
q3 2026 earnings
the next report should answer one simple question: was the EPS beat repeatable, or was it just a quarter where cost cuts outran weak freight.
trend
buybacks versus organic growth
the company can repurchase up to 5M shares through 2027. if buybacks become the main support while revenue shrinks, you are looking at financial engineering, not a stronger business.
Analyst rankings
earnings predictability
40 / 100
in human-speak, analysts do not see this as a steady earner. expect the quarter to move around with freight conditions and margin mix.
risk rank
2
that score says the stock screens safer than many peers on balance-sheet and stability measures, even if the operating story is still messy.
source: institutional data
Institutional activity
institutional ownership data for RLGT is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$7
current price
n/a
target midpoint · n/a from current
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