Radiant Logistics (RLGT) just posted its Q2 2026 numbers, reporting revenue of US$232.1 million and basic EPS of US$0.11, alongside net income of US$5.3 million. The company’s revenue moved from US$264.5 million in Q2 2025 to US$232.1 million in Q2 2026, while basic EPS shifted from US$0.14 to US$0.11 over the same period. This sets a clear context for how the business is currently trading through the cycle. With trailing twelve month net profit margin sitting at 1.6%, investors may focus on how these slim margins frame both the risks and the potential rewards implied by the latest results.

See our full analysis for Radiant Logistics.

With the headline figures in place, the next step is to see how these results line up against the widely followed narratives around Radiant Logistics, including what the community and the broader market have been expecting from its earnings and profitability trend.

TTM earnings slip against 5 year trend

• Over the last 12 months, net income excluding extra items is US$14.0 million and basic EPS is US$0.30, compared with a 5 year pattern where earnings declined at about 16.7% per year.
• Analysts' consensus view points to acquisitions and technology as levers to support earnings, yet the 0.9% one year earnings growth sits against that longer 16.7% annual decline, which
  • leans on tuck in deals and converting agency stations to company owned locations to improve net margins, while the trailing net profit margin is still 1.6%.
  • assumes the current business model and roughly US$893.4 million of trailing revenue can support higher earnings than the recent TTM net income of US$14.0 million implies.

1.6% margin and project risk

• The trailing 12 month net profit margin sits at 1.6%, unchanged from the prior year, on about US$893.4 million of revenue.
• Bearish narrative concerns around reliance on non repeatable projects and aggressive pricing meet this 1.6% margin, which
  • lines up with comments that project based work, such as hurricane relief, may not provide steady earnings even with current TTM net income at US$14.0 million.
  • reflects a business where shippers' pricing pressure could keep margins tight, matching the flat margin profile even though quarterly revenue ranged between US$214.0 million and US$264.5 million over the past six reported quarters.

On a cautious view like this, skeptics often ask whether slim 1.6% margins can really support the growth story over time, and the detailed bear case on Radiant Logistics sets out those concerns in full: 🐻 Radiant Logistics Bear Case

P/E trade off and DCF gap

• Radiant trades on a 26.6x trailing P/E, higher than the 17x Global Logistics industry average but lower than the 29.7x peer average, while the DCF fair value is US$10.19 against a current share price of US$8.19.
• Consensus narrative suggests acquisitions, buybacks and a strong balance sheet could support value, and that idea is tested by
  • the 19.6% gap between the current price of US$8.19 and the DCF fair value of US$10.19, alongside a reported US$20 million cash balance and a US$200 million untapped credit facility in the narrative.
  • the view that any future margin improvement from technology and agency conversions would drop into earnings, which matters because the TTM EPS of US$0.30 is what currently underpins that 26.6x P/E.

Bulls argue that a 26.6x P/E and the 19.6% discount to DCF fair value could make this earnings profile more interesting if the margin story plays out, and the full bull case lays out how they see that happening: 🐂 Radiant Logistics Bull Case

Next Steps

To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Radiant Logistics on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.

See the numbers another way? Share that view and turn it into your own narrative in just a few minutes, Do it your way

A great starting point for your Radiant Logistics research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.

See What Else Is Out There

Radiant Logistics is working with slim 1.6% margins, modest EPS, and project dependent earnings, which leaves room for operational and earnings risk.

If that tight margin profile feels uncomfortable, you can focus on companies that score better on stability and downside protection by checking out 83 resilient stocks with low risk scores today.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.