Kuehne + Nagel International AG
KNIN · SIX Swiss · Switzerland
Price data from its 0QMW listing on LSE
kuehne-nagel.comFinancials as of FY2025
Arranges global freight movement on transport capacity it does not own, earning fees for coordinating other companies' supply chains rather than owning the vehicles that carry goods.
- Depends onMidstream position: 7 outgoing, 7 incoming connections
- ScaleMarket cap is $30.88B, higher than 95% of all stocks globally
- PositionReturn on equity is 44.3%, higher than 95% of its Integrated Freight & Logistics peers (median 5.8%)
- Interpretations3 currently firing — 3
What this company is and how it runs — written from structure, not news.
The company sits midstream between businesses that need goods moved and the carriers, warehouses, and customs systems that move them. It coordinates information and physical flow across sea, air, and road rather than owning the transport itself, and it also carries some of the pricing and compliance risk of that movement on its customers' behalf. CompanyGraph does not have a breakdown of how much of its activity runs through each transport mode or region.
Revenue comes from fees for arranging and managing shipments across sea, air, and road transport, plus fees from running warehousing and contract logistics operations on behalf of customers, rather than from owning and operating vessels, aircraft, or trucks. Profitability has been consistently positive across every year CompanyGraph has recomputed from its filed financial statements, and its margins and returns sit toward the higher end of its industry peers. CompanyGraph does not have a breakdown of how much of this comes from each activity individually.
It appears to scale by coordinating more volume through an existing network of contracted carriers, warehouses, and offices, rather than by owning and expanding a transport fleet itself, since the assets it holds directly are small relative to the revenue that moves through them. Growth of this kind adds customers and shipment volume onto shared infrastructure rather than requiring proportional new spending on ships, aircraft, or trucks. CompanyGraph reads this from the relationship between its asset base and revenue, not from a direct statement of strategy.
A company positioned between shippers and the carriers that physically move goods depends structurally on booking transport capacity, terminal and warehouse space, and customs clearance systems it does not itself control. CompanyGraph's map places it mid-chain with a roughly balanced number of upstream and downstream relationships, though it does not have the specific carriers or other named inputs this company relies on.
The company's own materials name specific large, brand-name customers, including Louis Vuitton and LEGO, describing dedicated logistics facilities built for them. CompanyGraph does not have data on what share of its overall business these or other customers represent.
Running a lean, coordination-based model that turns over a small owned-asset base quickly is a shape shared with a large number of other companies that run similar throughput-based systems, so this operating pattern on its own is common rather than unique to this company. CompanyGraph has no evidence about what rival companies can or cannot replicate, so no claim is made about what specifically shields it from competition.
CompanyGraph's industry framework treats businesses of this kind as limited by the throughput of a fixed conversion process, such as a plant or network that can only move a set volume in a given period regardless of demand. This is a general industry starting point, not a measurement CompanyGraph has made of this specific company, and it sits in some tension with the pattern actually observed here: a small owned-asset base turning over quickly, which points toward capacity booked from others as a possible limit rather than a fixed physical throughput ceiling it owns and runs. CompanyGraph does not have this company's own stated account of its capacity or growth limits.
Voting control sits overwhelmingly with one holding company and, according to its own governance disclosures, ultimately with one individual. This concentrates decisions about the company's strategic direction and succession in a single controlling party, rather than distributing that control across a dispersed shareholder base. CompanyGraph does not have further detail on governance safeguards, minority protections, or succession arrangements that might offset this concentration.
As a company that books transport capacity from carriers and clears goods through customs in many countries, this kind of system is generally exposed to shifts in trade rules and tariffs, to regulatory requirements that differ by jurisdiction, and to swings in the price and availability of the carrier capacity it buys, rather than to pressures on a physical plant it owns and runs itself. CompanyGraph does not have this company's own account of which specific regulatory or trade exposures affect it.
Read from the company's own filings and public materials (gathered August 2026) together with figures CompanyGraph recomputed from its statements. Written September 2026. A question with no evidence behind it is left out rather than answered.
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Sign inWhat the company actually pays, and whether its own cash supports it.
The reported statements, read against the company's own industry.
3 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow does this company use capital?
Industry-Benchmarked ROA and Margin Elevated
Returns and margins have sat in the top of its industry across five years.
Industry-Benchmarked Return on Capital Elevated
It earns more on its assets and its equity than its industry, and gets more sales from those assets.
Low Fixed-Asset Share With Elevated Turnover
It owns few buildings and machines, yet gets more sales and profit from its assets than its industry does.
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Financial Health
Supply Chain
Scale
Companies that share the same coordination system — how they create, deliver, or capture value.
Companies that share active interpretations — structural patterns currently present in both stocks.