CHRW earnings analysis
What we found in CHRW's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
C.H. Robinson reported Q1 2026 results with total revenue of $4.01 billion, missing estimates by $460 million, while diluted EPS of $1.35 beat expectations by $0.12. Year-over-year, revenue shrank by 0.8%, primarily due to declines in ocean freight and truckload services, but net income rose 8.8%. Looking ahead, management anticipates continued market volatility and rising transportation rates due to regulatory pressures and geopolitical uncertainties.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS Beat Consensus
- Reported EPS for Q1 was $1.35, exceeding the estimate of $1.23 by 9.7%.
- Year-over-Year Revenue Decline
- Total revenue of $4.01B represented a 0.8% decrease from $4.05B in Q1 2025.
- Increased Net Income
- Net income rose to $147.2 million, a gain of 8.8% from $135.3 million in the prior year.
- Adjusted Operating Margin Improvement
- Adjusted operating margin improved to 26.6%, up from 26.3% year-over-year.
- Significant Share Repurchase Activity
- $212.7 million of common stock was repurchased in Q1 2026, part of an ongoing repurchase program.
- Cost Reduction in SG&A Expenses
- SG&A expenses decreased by 10.6% year-over-year, from $147.7M to $132.1M.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decline in Global Forwarding Revenue
- Global Forwarding segment revenue fell by 14.2% year-over-year, from $774.9M to $664.7M.
- Increased Operating Costs
- Average truckload linehaul costs per mile rose approximately 13% compared to the same quarter last year.
- Geopolitical and Regulatory Risks
- Ongoing geopolitical tensions and regulatory changes could continue to strain margins and service delivery.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.35
- Gross margin
- 16.1%
- Operating margin
- 4.4%
- Segment
- Transportation
- Segment
- Sourcing
What they said about what is next.
Management highlighted continued market uncertainty and rising operational costs but provided no specific numeric guidance for future periods.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 13, 2026
- C.H. Robinson positions itself as a scale-led logistics provider focused on 'Lean AI' and its Navisphere platform, reporting consolidated revenues of $16.2 billion in 2025 and managing ~37 million shipments and $23…
- 10-Q · October 31, 2025
- Q3 2025 results show revenue contraction but continued margin and EPS improvement. Total revenues were $4,136,846 (in thousands), down from $4,644,641 (in thousands) a year earlier, while diluted EPS rose to $1.34 and…
- 10-Q · August 1, 2025
- C.H. Robinson reported Q2 revenue of $4,136,543,000, down from $4,483,348,000 a year earlier, while operating profitability and EPS improved. Income from operations rose to $215,919,000 (operating margin 5.22%) and…
- 10-K · February 14, 2025
- C.H. Robinson reported consolidated revenues of $17.7 billion in 2024 and describes a strategy built on scale, proprietary data/technology (Navisphere) and expanded AI capabilities to win multimodal, value‑added…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing CHRW makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever