Radiant Logistics is a cheap small-cap (forward P/E 16.0x, PEG 0.27) with a strong earnings-beat record, but thin margins, 57% FCF/net income, 4.1x D/E and a -15.2% revenue decline keep quality at 3.3/10.
Thesis pillars
- Thin Margin Weak Quality→Stable
- Consistent Earnings Beats↑Improving
- Revenue Decline Value Trap Risk↓Deteriorating
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Oct 24, 2026, based on the 10-K filed Sep 14, 2026
Radiant Logistics, Inc. (RLGT) Stock Analysis
Inst Constrain edge
Industrials · Integrated Freight & Logistics
Sell if holding. Engine safety override at $8.81: Quality below floor (3.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.4/10. Specifically: Below-average business quality.
Radiant Logistics is a non-asset-based third-party logistics provider offering air and ocean freight forwarding, truckload, LTL and intermodal brokerage, customs brokerage and supply chain services from over 100 locations in the U.S., Canada and Mexico, about 30 of them... Read more
Sell if holding. Engine safety override at $8.81: Quality below floor (3.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.4/10. Specifically: Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Score 6.4/10, moderate confidence.
Passes 5/8 gates (positive momentum, clean insider activity, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Radiant Logistics, Inc.
About Radiant Logistics, Inc.
Radiant Logistics operates more than 100 locations across the U.S. and Canada, roughly 30 of them company-owned and the remainder run by independent strategic operating partners under the Radiant, Airgroup, Adcom, DBA, Service by Air, and Navegate brands. Strategic operating partners generated approximately 42% of the company's consolidated adjusted gross profit in the fiscal year ended June 30, 2025, down from 50% in fiscal 2024, following 33 acquisitions completed since Radiant's first, Airgroup, in January 2006.
As a non-asset-based logistics provider, Radiant owns minimal transportation equipment, instead arranging shipments through a network of motor carriers, railroads, airlines, and ocean lines and earning gross margin on the spread between what it charges customers and what it pays carriers. Freight forwarding and freight brokerage - covering truckload, less-than-truckload, and intermodal service - are managed centrally through service centers in Chicago, Illinois and Toronto, Ontario, complemented by materials management and distribution, customs house brokerage, and global trade management offerings. Strategic operating partners handle their own sales and operating costs while relying on Radiant for operating authority, technology, working-capital access, and collective purchasing power, under agreements ranging from fixed-term to evergreen or month-to-month arrangements terminable by the partner on notice. The company competes against integrated small-parcel carriers such as FedEx, DHL, and UPS on larger shipments, and continues migrating its legacy operating and accounting systems onto a common SAP-based platform.
Show full overview
Radiant's model depends entirely on outside carriers rather than owned assets: the company contracts with thousands of trucking, rail, ocean, and air providers and holds no equipment of its own, so carrier capacity shortages, bankruptcies, or price increases pass through directly to its margins. That third-party reliance extends to information systems - Radiant disclosed a ransomware incident in December 2021 and a separate cybersecurity incident affecting its Canadian operations in March 2024, both of which caused modest revenue loss and incremental costs before systems were restored to full functionality.
See also: Industrials · Integrated Freight & Logistics
From Radiant Logistics, Inc.'s most recent 10-K filing, extracted October 18, 2026.
Recent developments
updated 2026-10-27Recent Developments — Radiant Logistics, Inc.
Latest news
- NEWS This JB Hunt Transport Analyst Turns Bullish; Here Are Top 4 Upgrades For Thursday — benzinga Sep 17, 2026 positive
- NEWS This Union Pacific Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday — benzinga Sep 16, 2026 positive
Generated 2026-10-06T10:12:10Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMcounterpartystrategic operating partners10-K Item 1A: 'approximately 42% of our consolidated adjusted gross profit ... was derived through our strategic operating partners'
- MEDIUMSupplierthird-party carriers10-K Item 1A: 'We depend on third-party carriers to transport our customers'
Material Events(8-K, last 90d)
- 2026-09-03Item 5.02LOWAppointed David Buss, formerly CEO North America Cluster at DB Schenker, as Senior Vice President and Chief Operating Officer effective August 31, 2026, with a $250,000 annual base salary. New role, no departure cited.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $8.81: Quality below floor (3.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.4/10. Specifically: Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $8.37. Score 6.4/10, moderate confidence.
Analyst target: $9.35 (+6.1% upside). Prior stop was $8.37. Stop-loss: $8.37.
Quality below floor (3.3 < 4.0); Value-trap signals (2/5): Revenue declining (-15.2% YoY), High leverage (D/E 4.1).
Radiant Logistics, Inc. trades at a P/E of 22.6 (forward 16.2). TrendMatrix value score: 7.3/10. Verdict: Sell.
9 analysts cover RLGT with a consensus score of 4.1/5. Average price target: $11.
What does Radiant Logistics, Inc. do?Radiant Logistics is a non-asset-based third-party logistics provider offering air and ocean freight forwarding,...
Radiant Logistics is a non-asset-based third-party logistics provider offering air and ocean freight forwarding, truckload, LTL and intermodal brokerage, customs brokerage and supply chain services from over 100 locations in the U.S., Canada and Mexico, about 30 of them Company-owned. Independent strategic operating partners generated about 42% of adjusted gross profit. No customer or partner exceeded 10% of revenue.