One-glance verdict
Within fair range
$7.96 our estimate vs market $9.03
Wall Street consensus: $11.00 (38.1% higher than our fair-value estimate)
13% above our estimate
Fundamentals snapshot
Radiant Logistics, Inc.
RLGT · ASE · Industrials · Integrated Freight & Logistics
Current price
$9.03
52-week range
$5.86 - $10.20
Market cap
$424.23M
Balance sheet
Watch
7.95x Adequate
Net debt $54.70M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
3 Risks
3 rewards · 3 risks
- Reward Revenue grew 3.5% last year.
- Reward Returns 8.0% on equity, ahead of 80% of its peers.
- Risk Net debt grew 48.7% over 3 years.
- Risk Stock trades 19.7% above its 5-year average P/E.
What this company does
Radiant Logistics, Inc.
Radiant Logistics helps other businesses move their stuff around the world using trucks, planes, and ships, and they make money from the fees they charge for these services. This matters because they are a key part of the supply chain (the process of getting products from where they are made to where they are sold), and their ability to manage these shipments efficiently impacts how quickly and affordably goods reach customers.
How the company got here
Radiant Logistics was founded in 2005 with the goal of creating a unique transportation and logistics service offering by partnering with logistics entrepreneurs. [1, 3, 12] The company has grown through a combination of acquiring existing logistics businesses, such as Airgroup in 2006, and expanding its own network of offices. [1, 11] This strategy has allowed Radiant to integrate specialized services and expand its geographic reach, building a global network of services. [3, 6, 12] The company's approach has been to preserve the expertise and customer relationships of acquired businesses while connecting them to a broader network of capabilities and technology. [6]
What it actually does
Radiant Logistics operates as a non-asset-based third-party logistics (3PL) provider. [2, 3, 11] This means they don't own the trucks, planes, or ships themselves but instead arrange for these services on behalf of their clients. [2] They offer a wide range of services, including technology-enabled global transportation and value-added logistics solutions. [3, 9] These services help businesses manage the movement of goods from one place to another, ensuring they reach their destination efficiently. [6, 9] Radiant serves a diverse range of industries, including consumer goods, manufacturing, retail, and automotive. [1, 8]
Global Freight Forwarding
This segment involves arranging and managing the transportation of goods internationally, whether by air or ocean. [1, 9] Think of it like being a travel agent for your packages, but on a much larger scale. Radiant works with various carriers (airlines, shipping companies) to find the best routes and prices for their clients' shipments. [1, 9] This service is crucial for businesses that import or export goods, helping them navigate the complexities of international shipping regulations and logistics. [1]
Freight Brokerage
In this part of the business, Radiant acts as an intermediary between companies that need to ship goods and the carriers (trucking companies, rail services) that can transport them. [1, 9] They help clients find available capacity for their freight, whether it's a full truckload (FTL) or less-than-truckload (LTL) shipments, which are smaller quantities of goods. [1] This service is essential for businesses that need to move goods domestically within North America, ensuring timely and cost-effective delivery. [1, 9]
Value-Added Logistics Services
Beyond just moving goods, Radiant offers additional services that enhance the supply chain process. [9] This includes things like warehousing and distribution (storing goods and getting them ready for delivery), customs brokerage (handling the paperwork for international shipments), order fulfillment (picking, packing, and shipping customer orders), and inventory management (keeping track of stock levels). [9, 10] These services help businesses streamline their operations and ensure their products are managed efficiently from start to finish. [9]
What management is betting on now
Radiant's management is focused on a strategy of continued organic growth and strategic acquisitions. [5, 12] They aim to strengthen existing customer relationships and expand new ones by leveraging their technology platform. [5] The company is also looking to acquire other businesses that offer complementary services or expand their geographic presence. [5] Additionally, Radiant is investing in technology to improve productivity and efficiency across its operations, and is increasingly focusing on sustainability initiatives, including reducing greenhouse gas emissions. [5, 7, 14]
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2025 Q1
$-1.85M
FY2025 Q2
$14.14M
FY2025 Q3
$-6.36M
FY2025 Q4
$2.22M
FY2026 Q1
$977.00K
FY2026 Q2
$11.64M
FY2026 Q3
$13.37M
FY2026 Q4
$-12.78M
Revenue
$261.44M
Net income
$7.52M
Diluted EPS
0.15
Operating cash flow
$-11.94M
Free cash flow
$-12.78M
Fetching…
Sources
Revenue
$214.13M
Net income
$4.67M
Diluted EPS
0.10
Operating cash flow
$14.62M
Free cash flow
$13.37M
Fetching…
Sources
Revenue
$232.13M
Net income
$5.30M
Diluted EPS
0.11
Operating cash flow
$12.36M
Free cash flow
$11.64M
Fetching…
Sources
Revenue
$226.66M
Net income
$1.29M
Diluted EPS
0.03
Operating cash flow
$2.46M
Free cash flow
$977.00K
Fetching…
Sources
Revenue
$220.58M
Net income
$4.91M
Diluted EPS
0.10
Operating cash flow
$3.11M
Free cash flow
$2.22M
Fetching…
Sources
Revenue
$214.01M
Net income
$2.54M
Diluted EPS
0.05
Operating cash flow
$-5.74M
Free cash flow
$-6.36M
Fetching…
Sources
Revenue
$264.54M
Net income
$6.47M
Diluted EPS
0.13
Operating cash flow
$15.69M
Free cash flow
$14.14M
Fetching…
Sources
Revenue
$203.56M
Net income
$3.38M
Diluted EPS
0.07
Operating cash flow
$205.00K
Free cash flow
$-1.85M
Fetching…
Sources
Is it cheap or expensive?
Fair value $7.96 vs current price $9.03
Wall Street consensus is the average analyst price target: $11.00 (38.1% higher than our fair-value estimate).
Our most-likely fair value is $7.96 a share — about 11.8% away from today's price of $9.03, so the stock currently looks fairly priced.
Is it drowning in debt?
Watch
Net debt $54.7M. Interest coverage 7.9x.
Net debt
$54.70M
Interest coverage
7.95x
Radiant Logistics, Inc.'s profit covers its interest bill about 7.9 times over. which is stronger than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Watch
Worse cushion
Baseline
Better cushion
RLGT
BASELINE
Radiant Logistics, Inc.
Total debt $80.28M Interest coverage 7.95x This is the baseline the peer rows are being compared against.
Total debt $2.11B Interest coverage 0.20x -97% vs RLGT Carries about 39.4x less debt cushion than RLGT.
Total debt $678.05M Interest coverage 1.23x -85% vs RLGT Carries about 6.5x less debt cushion than RLGT.
Total debt $431.42M Interest coverage 8.06x +1% vs RLGT Has roughly the same debt cushion as RLGT.
What you should know
The case for and against RLGT
3 Rewards
3 Risks
Rewards
-
Revenue grew 3.5% last year.
-
Returns 8.0% on equity, ahead of 80% of its peers.
-
Free cash flow was positive in 8/10 years.
Risks
-
Net debt grew 48.7% over 3 years.
-
Stock trades 19.7% above its 5-year average P/E.
-
Operating margin compressed from 2.5% to 2.3% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
23.15x
Forward P/E
16.57x
P/B
1.75x
P/S
0.45x
EV/EBITDA
14.65x
PEG ratio
4.11x
Profitability
How much profit each dollar creates
Gross margin
16.9%
Operating margin
2.3%
Net margin
2.0%
ROE
8.0%
ROA
2.6%
Health
Liquidity and balance-sheet strength
Debt / equity
0.33x
Current ratio
1.60x
Quick ratio
1.54x
Total debt
$80.28M
Total cash
$25.59M
Growth
How the business has been compounding
Revenue TTM
$934.36M
Revenue 5Y CAGR
-10.5%
EPS TTM
0.39
EPS 5Y CAGR
-26.5%
Cash flow
How much cash the business throws off
Operating CF TTM
$17.49M
Free CF TTM
$13.20M
FCF margin
1.4%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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