Radiant Logistics offers an asset-light, nearshoring-led recovery opportunity with zero net debt, strong insider alignment, and a probability-weighted five-year value of $12.74 versus $8.31.
Overview
Radiant Logistics is a technology-enabled, non-asset-based 3PL serving manufacturers, distributors, and retailers across domestic and international forwarding, truckload, LTL, intermodal, warehousing, distribution, and customs brokerage. Its flexible agent-led model avoids fleet ownership while combining localized service with centralized technology, carrier contracts, and treasury. The United States generated $782.34 million of trailing-twelve-month revenue as of March 2026, versus $111.75 million in Canada, and the 80% Weport acquisition adds a Mexico gateway to nearshoring flows. **The financial trajectory is recovering:** Q4 FY2026 revenue rose 18.5% year over year to $261.4 million, GAAP EPS was $0.15 versus $0.06 consensus, and adjusted EBITDA increased 31.6% to $10.4 million with a 15.5% margin. FY2026 revenue was $934.4 million and GAAP net income $18.8 million, although adjusted EBITDA declined 5.4% to $36.7 million because of weak freight conditions and a $1.3 million bad-debt charge. **Valuation and balance-sheet flexibility support upside:** TTM P/E is 24.15x, EV/EBITDA 13.90x, TTM FCF $28.2 million, and net debt is zero. The $12.00 consensus target, Weport integration, Road & Rail, SOP conversions, and freight-rate stabilization are key catalysts, while the probability-weighted five-year target is $12.74.