KNOP
KNOT Offshore Partners LP
Marine Shipping
Market Cap$377M
5Y Perf.-26.9%
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Stock Comparison
KNOP vs TEN
Revenue, margins, valuation, and 5-year total return — side by side.
TEN
Tsakos Energy Navigation Limited
Oil & Gas Midstream
Market Cap$1.33B
5Y Perf.+229.6%
KNOP vs TEN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | KNOP | TEN |
|---|---|---|
| Industry | Marine Shipping | Oil & Gas Midstream |
| Market Cap | $377M | $1.33B |
| Revenue (TTM) | $359M | $779M |
| Net Income (TTM) | $53M | $110M |
| Gross Margin | 40.3% | 33.4% |
| Operating Margin | 30.9% | 27.0% |
| Forward P/E | 7.6x | 6.6x |
| Total Debt | $906M | $1.76B |
| Cash & Equiv. | $67M | $348M |
KNOP vs TEN — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
KNOP
TEN
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| KNOT Offshore Partn… (KNOP) | 100 | 73.1 | -26.9% |
| Tsakos Energy Navig… (TEN) | 100 | 329.6 | +229.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: KNOP vs TEN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: TEN leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and capital preservation and lower volatility. KNOT Offshore Partners LP is the stronger pick specifically for growth and revenue expansion and profitability and margin quality. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
KNOP
KNOT Offshore Partners LP
The Growth Play
KNOP is the clearest fit if your priority is growth exposure.
- Rev growth 7.5%, EPS growth 120.4%, 3Y rev CAGR 3.6%
- 7.5% revenue growth vs TEN's -9.6%
- 14.7% margin vs TEN's 14.1%
Best for: growth exposure
TEN
Tsakos Energy Navigation Limited
The Income Pick
TEN carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 2 yrs, beta 0.33, yield 5.5%
- 77.4% 10Y total return vs KNOP's 45.1%
- Lower volatility, beta 0.33, Low D/E 99.8%, current ratio 1.10x
Best for: income & stability and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | KNOP | 7.5% revenue growth vs TEN's -9.6% |
| Value | TEN | Lower P/E (6.6x vs 7.6x) |
| Quality / Margins | KNOP | 14.7% margin vs TEN's 14.1% |
| Stability / Safety | TEN | Beta 0.33 vs KNOP's 0.36, lower leverage |
| Dividends | TEN | 5.5% yield, 2-year raise streak, vs KNOP's 2.7% |
| Momentum (1Y) | TEN | +163.4% vs KNOP's +69.1% |
| Efficiency (ROA) | KNOP | 3.2% ROA vs TEN's 3.0%, ROIC 3.7% vs 6.9% |
KNOP vs TEN — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2021
KNOP vs TEN — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLTENLAGGINGKNOP
KNOPKNOT Offshore Partner…
2leads
TENTsakos Energy Navigat…
4leads
6 Total Categories
CATEGORYLEADERvs KNOPMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
KNOP6/6
Valuation MetricsMultiples, price ratios, and targets
TEN3/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
KNOP5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
TEN6/6
Risk & VolatilityBeta, volatility, and downside exposure
TEN2/2
Analyst OutlookRatings, price targets, and dividends
TEN2/2
Income & Cash Flow (Last 12 Months)
KNOP leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
TEN is the larger business by revenue, generating $779M annually — 2.2x KNOP's $359M. Profitability is closely matched — net margins range from 14.7% (KNOP) to 14.1% (TEN). On growth, KNOP holds the edge at +27.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | KNOPKNOT Offshore Par… | TENTsakos Energy Nav… |
|---|---|---|
| RevenueTrailing 12 months | $359M | $779M |
| EBITDAEarnings before interest/tax | $225M | $327M |
| Net IncomeAfter-tax profit | $53M | $110M |
| Free Cash FlowCash after capex | $155M | -$503M |
| Gross MarginGross profit ÷ Revenue | +40.3% | +33.4% |
| Operating MarginEBIT ÷ Revenue | +30.9% | +27.0% |
| Net MarginNet income ÷ Revenue | +14.7% | +14.1% |
| FCF MarginFCF ÷ Revenue | +43.2% | -64.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +27.0% | -9.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +5.0% | -71.6% |
KNOP leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
TEN leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
At 8.7x trailing earnings, TEN trades at a 83% valuation discount to KNOP's 52.8x P/E. On an enterprise value basis, TEN's 6.6x EV/EBITDA is more attractive than KNOP's 6.6x.
| Metric | KNOPKNOT Offshore Par… | TENTsakos Energy Nav… |
|---|---|---|
| Market CapShares × price | $377M | $1.3B |
| Enterprise ValueMkt cap + debt − cash | $1.2B | $2.7B |
| Trailing P/EPrice ÷ TTM EPS | 52.79x | 8.75x |
| Forward P/EPrice ÷ next-FY EPS est. | 7.57x | 6.56x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.12x |
| EV / EBITDAEnterprise value multiple | 6.62x | 6.55x |
| Price / SalesMarket cap ÷ Revenue | 1.21x | 1.65x |
| Price / BookPrice ÷ Book value/share | 0.62x | 0.73x |
| Price / FCFMarket cap ÷ FCF | 2.77x | — |
TEN leads this category, winning 3 of 5 comparable metrics.
Profitability & Efficiency
KNOP leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
KNOP delivers a 8.5% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $6 for TEN. TEN carries lower financial leverage with a 1.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to KNOP's 1.48x. On the Piotroski fundamental quality scale (0–9), KNOP scores 8/9 vs TEN's 5/9, reflecting strong financial health.
| Metric | KNOPKNOT Offshore Par… | TENTsakos Energy Nav… |
|---|---|---|
| ROE (TTM)Return on equity | +8.5% | +6.2% |
| ROA (TTM)Return on assets | +3.2% | +3.0% |
| ROICReturn on invested capital | +3.7% | +6.9% |
| ROCEReturn on capital employed | +5.3% | +8.8% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 5 |
| Debt / EquityFinancial leverage | 1.48x | 1.00x |
| Net DebtTotal debt minus cash | $839M | $1.4B |
| Cash & Equiv.Liquid assets | $67M | $348M |
| Total DebtShort + long-term debt | $906M | $1.8B |
| Interest CoverageEBIT ÷ Interest expense | 1.79x | 2.06x |
KNOP leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
TEN leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TEN five years ago would be worth $51,542 today (with dividends reinvested), compared to $7,507 for KNOP. Over the past 12 months, TEN leads with a +163.4% total return vs KNOP's +69.1%. The 3-year compound annual growth rate (CAGR) favors TEN at 42.9% vs KNOP's 37.2% — a key indicator of consistent wealth creation.
| Metric | KNOPKNOT Offshore Par… | TENTsakos Energy Nav… |
|---|---|---|
| YTD ReturnYear-to-date | +8.7% | +103.3% |
| 1-Year ReturnPast 12 months | +69.1% | +163.4% |
| 3-Year ReturnCumulative with dividends | +158.4% | +191.7% |
| 5-Year ReturnCumulative with dividends | -24.9% | +415.4% |
| 10-Year ReturnCumulative with dividends | +45.1% | +77.4% |
| CAGR (3Y)Annualised 3-year return | +37.2% | +42.9% |
TEN leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
TEN leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
TEN is the less volatile stock with a 0.33 beta — it tends to amplify market swings less than KNOP's 0.36 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TEN currently trades 99.7% from its 52-week high vs KNOP's 96.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | KNOPKNOT Offshore Par… | TENTsakos Energy Nav… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.36x | 0.33x |
| 52-Week HighHighest price in past year | $11.55 | $44.14 |
| 52-Week LowLowest price in past year | $6.16 | $17.02 |
| % of 52W HighCurrent price vs 52-week peak | +96.0% | +99.7% |
| RSI (14)Momentum oscillator 0–100 | 62.6 | 68.0 |
| Avg Volume (50D)Average daily shares traded | 119K | 499K |
TEN leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
TEN leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates KNOP as "Buy" and TEN as "Buy". Consensus price targets imply 44.3% upside for KNOP (target: $16) vs 13.6% for TEN (target: $50). For income investors, TEN offers the higher dividend yield at 5.53% vs KNOP's 2.74%.
| Metric | KNOPKNOT Offshore Par… | TENTsakos Energy Nav… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $16.00 | $50.00 |
| # AnalystsCovering analysts | 12 | 26 |
| Dividend YieldAnnual dividend ÷ price | +2.7% | +5.5% |
| Dividend StreakConsecutive years of raises | 1 | 2 |
| Dividend / ShareAnnual DPS | $0.30 | $2.43 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
TEN leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
TEN leads in 4 of 6 categories (Valuation Metrics, Total Returns). KNOP leads in 2 (Income & Cash Flow, Profitability & Efficiency).
Best OverallTsakos Energy Navigation Li… (TEN)Leads 4 of 6 categories
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KNOP vs TEN: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is KNOP or TEN a better buy right now?
For growth investors, KNOT Offshore Partners LP (KNOP) is the stronger pick with 7.
5% revenue growth year-over-year, versus -9. 6% for Tsakos Energy Navigation Limited (TEN). Tsakos Energy Navigation Limited (TEN) offers the better valuation at 8. 7x trailing P/E (6. 6x forward), making it the more compelling value choice. Analysts rate KNOT Offshore Partners LP (KNOP) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — KNOP or TEN?
On trailing P/E, Tsakos Energy Navigation Limited (TEN) is the cheapest at 8.
7x versus KNOT Offshore Partners LP at 52. 8x. On forward P/E, Tsakos Energy Navigation Limited is actually cheaper at 6. 6x.
03Which is the better long-term investment — KNOP or TEN?
Over the past 5 years, Tsakos Energy Navigation Limited (TEN) delivered a total return of +415.
4%, compared to -24. 9% for KNOT Offshore Partners LP (KNOP). Over 10 years, the gap is even starker: TEN returned +77. 4% versus KNOP's +45. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — KNOP or TEN?
By beta (market sensitivity over 5 years), Tsakos Energy Navigation Limited (TEN) is the lower-risk stock at 0.
33β versus KNOT Offshore Partners LP's 0. 36β — meaning KNOP is approximately 7% more volatile than TEN relative to the S&P 500. On balance sheet safety, Tsakos Energy Navigation Limited (TEN) carries a lower debt/equity ratio of 100% versus 148% for KNOT Offshore Partners LP — giving it more financial flexibility in a downturn.
05Which is growing faster — KNOP or TEN?
By revenue growth (latest reported year), KNOT Offshore Partners LP (KNOP) is pulling ahead at 7.
5% versus -9. 6% for Tsakos Energy Navigation Limited (TEN). On earnings-per-share growth, the picture is similar: KNOT Offshore Partners LP grew EPS 120. 4% year-over-year, compared to -44. 4% for Tsakos Energy Navigation Limited. Over a 3-year CAGR, TEN leads at 13. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — KNOP or TEN?
Tsakos Energy Navigation Limited (TEN) is the more profitable company, earning 21.
9% net margin versus 4. 5% for KNOT Offshore Partners LP — meaning it keeps 21. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TEN leads at 34. 6% versus 23. 3% for KNOP. At the gross margin level — before operating expenses — KNOP leads at 64. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is KNOP or TEN more undervalued right now?
On forward earnings alone, Tsakos Energy Navigation Limited (TEN) trades at 6.
6x forward P/E versus 7. 6x for KNOT Offshore Partners LP — 1. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for KNOP: 44. 3% to $16. 00.
08Which pays a better dividend — KNOP or TEN?
All stocks in this comparison pay dividends.
Tsakos Energy Navigation Limited (TEN) offers the highest yield at 5. 5%, versus 2. 7% for KNOT Offshore Partners LP (KNOP).
09Is KNOP or TEN better for a retirement portfolio?
For long-horizon retirement investors, Tsakos Energy Navigation Limited (TEN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
33), 5. 5% yield). Both have compounded well over 10 years (TEN: +77. 4%, KNOP: +45. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between KNOP and TEN?
These companies operate in different sectors (KNOP (Industrials) and TEN (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: KNOP is a small-cap quality compounder stock; TEN is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(KNOP: 27.0% · TEN: -9.7%)Net Margin>
%
(KNOP: 14.7% · TEN: 14.1%)P/E Ratio<
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