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Knife River Corporation(KNF)Earnings, Financials & Key Ratios
KNF•NYSE
31.2× P/E·Price updated Jun 19, 2026
AboutKnife River Corporation provides aggregates-based construction materials and contracting services in the United States. It operates through six segments: Pacific, Northwest, Mountain, North Central, South, and Energy Services. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete, as well as provides contracting services to support the aggregate-based product lines, including heavy-civil construction, asphalt and concrete paving, and site development and grading. It serves federal, state, and municipal governments for various projects, such as highways, bridges, airports, schools, public buildings, and other public-infrastructure projects. The company was founded in 1917 and is based in Bismarck, North Dakota.Show more
- Revenue$3.15B+8.5%
- EBITDA$480M+5.8%
- Net Income$157M-22.1%
- EPS (Diluted)2.76-22.3%
- Gross Margin18.35%-6.6%
- EBITDA Margin15.24%-2.5%
- Operating Margin9.08%-16.7%
- Net Margin4.99%-28.2%
- ROE10.08%-31.5%
KNF Key Insights
Knife River Corporation (KNF) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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KNF Price & Volume
Knife River Corporation (KNF) stock price & volume — 10-year historical chart
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KNF Growth Metrics
Knife River Corporation (KNF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years7.47%
TTM9.57%
Profit CAGR
10 Years-
5 Years-
3 Years10.57%
TTM-18.85%
EPS CAGR
10 Years-
5 Years-
3 Years10.42%
TTM-18.93%
Return on Capital
10 Years11.85%
5 Years11.85%
3 Years12.67%
Last Year9.94%
KNF Recent Earnings
Knife River Corporation (KNF) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$1.40+1.4%
$1.42
Rev
$410M+6.0%
$387M
Q1 2026
Feb 17, 2026Metric
Actual
Est
EPS
$0.56+36.6%
$0.41
Rev
$755M+4.0%
$726M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$2.52+2.9%
$2.45
Rev
$1.2B+65.7%
$727M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.89-29.9%
$1.27
Rev
$834M-33.7%
$1.3B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $1.40vs $1.42+1.4% | $410Mvs $387M+6.0% |
| Q1 2026 | Feb 17, 2026 | $0.56vs $0.41+36.6% | $755Mvs $726M+4.0% |
| Q4 2025 | Nov 4, 2025 | $2.52vs $2.45+2.9% | $1.2Bvs $727M+65.7% |
| Q3 2025 | Aug 5, 2025 | $0.89vs $1.27-29.9% | $834Mvs $1.3B-33.7% |
Based on last 12 quarters of dataView full earnings history →
KNF Peer Comparison
Knife River Corporation (KNF) competitors in Aggregates, asphalt and paving — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MLM | 36.74B | 609.12 | 32.40 | 0.12% | 38.67% | 25.07% | 0.53 | |
 VMC | 39.3B | 302.84 | 37.30 | 6.94% | 13.88% | 13.07% | 0.63 | |
 USLM | 3.26B | 113.60 | 24.33 | 17.31% | 35.4% | 21.28% | 0.01 | |
 CRH | 74.33B | 111.24 | 20.19 | 9.01% | 9.21% | 20.58% | 0.77 | |
 EXP | 6.95B | 224.58 | 17.12 | 2.13% | 18.36% | 28.27% | 1.22 | |
 MDU | 4.45B | 21.29 | 22.89 | 6.66% | 10.48% | 6.8% | 0.99 | |
 ROAD | 6.94B | 122.78 | 66.73 | 54.2% | 3.9% | 13.68% | 1.85 | |
 CAT | 458.69B | 985.82 | 52.35 | 4.29% | 13.31% | 47.51% | 2.03 |
Compare KNF vs Peers
Knife River Corporation (KNF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
KNF Income Statement
Knife River Corporation (KNF) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Sales/Revenue | 2.23B | 2.53B | 2.83B | 2.9B | 3.15B | 3.2B |
Revenue Growth % | - | 13.72% | 11.66% | 2.43% | 8.52% | 9.57% |
Cost of Goods Sold | 1.88B | 2.17B | 2.29B | 2.33B | 2.57B | 2.62B |
COGS % of Revenue | 84.43% | 85.76% | 80.96% | 80.34% | 81.65% | - |
Gross Profit | 346.95M▲ 0% | 360.89M▲ 4.0% | 538.93M▲ 49.3% | 569.83M▲ 5.7% | 577.3M▲ 1.3% | 585.88M▲ 0% |
Gross Margin % | 15.57% | 14.24% | 19.04% | 19.66% | 18.35% | 18.29% |
Gross Profit Growth % | - | 4.02% | 49.33% | 5.73% | 1.31% | - |
Operating Expenses | 155.87M | 166.6M | 242.54M | 253.63M | 291.5M | 303.7M |
OpEx % of Revenue | 6.99% | 6.57% | 8.57% | 8.75% | 9.27% | - |
Selling, General & Admin | 155.87M | 166.6M | 242.54M | 253.63M | 291.5M | 300.8M |
SG&A % of Revenue | 6.99% | 6.57% | 8.57% | 8.75% | 9.27% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 1000K |
Operating Income | 191.08M▲ 0% | 194.29M▲ 1.7% | 296.4M▲ 52.5% | 316.19M▲ 6.7% | 285.8M▼ 9.6% | 282.18M▲ 0% |
Operating Margin % | 8.57% | 7.67% | 10.47% | 10.91% | 9.08% | 8.81% |
Operating Income Growth % | - | 1.68% | 52.55% | 6.68% | -9.61% | - |
EBITDA | 292.05M | 312.09M | 420.2M | 453.06M | 479.5M | 437.16M |
EBITDA Margin % | 13.1% | 12.31% | 14.85% | 15.63% | 15.24% | 13.65% |
EBITDA Growth % | - | 6.86% | 34.64% | 7.82% | 5.83% | 1.5% |
D&A (Non-Cash Add-back) | 100.97M | 117.8M | 123.81M | 136.87M | 193.7M | 154.98M |
EBIT | 192.43M | 188.94M | 303.4M | 326.24M | 295.1M | 373.18M |
Net Interest Income | -19.22M | -30.12M | -58.1M | -55.24M | -81.9M | -66.64M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 19.22M | 30.12M | 58.1M | 55.24M | 81.9M | 87.34M |
Other Income/Expense | -17.86M | -35.47M | -51.09M | -45.2M | -72.6M | -83.24M |
Pretax Income | 173.21M▲ 0% | 158.82M▼ 8.3% | 245.31M▲ 54.5% | 270.99M▲ 10.5% | 213.2M▼ 21.3% | 198.94M▲ 0% |
Pretax Margin % | 7.77% | 6.27% | 8.67% | 9.35% | 6.78% | 6.21% |
Income Tax | 43.46M | 42.6M | 62.44M | 69.32M | 56.1M | 52.39M |
Effective Tax Rate % | 25.09% | 26.82% | 25.45% | 25.58% | 26.31% | 26.33% |
Net Income | 129.75M▲ 0% | 116.22M▼ 10.4% | 182.87M▲ 57.3% | 201.68M▲ 10.3% | 157.1M▼ 22.1% | 146.55M▲ 0% |
Net Margin % | 5.82% | 4.59% | 6.46% | 6.96% | 4.99% | 4.58% |
Net Income Growth % | - | -10.43% | 57.35% | 10.28% | -22.1% | -18.85% |
Net Income (Continuing) | 129.75M | 116.22M | 182.87M | 201.68M | 157.1M | 146.61M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 2.29▲ 0% | 2.05▼ 10.5% | 3.23▲ 57.6% | 3.55▲ 9.9% | 2.76▼ 22.3% | 2.58▲ 0% |
EPS Growth % | - | -10.48% | 57.56% | 9.91% | -22.25% | -18.93% |
EPS (Basic) | 2.29 | 2.05 | 3.23 | 3.56 | 2.77 | - |
Diluted Shares Outstanding | 56.57M | 56.57M | 56.7M | 56.8M | 56.9M | 56.7M |
Basic Shares Outstanding | 56.57M | 56.57M | 56.6M | 56.6M | 56.7M | 56.7M |
Dividend Payout Ratio | - | - | - | - | - | - |
KNF Balance Sheet
Knife River Corporation (KNF) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Total Current Assets | 542.63M | 608.57M | 913.54M | 987.67M | 960.9M | 942.3M |
Cash & Short-Term Investments | 13.85M | 10.09M | 262.32M | 281.13M | 123.4M | 75.5M |
Cash Only | 13.85M | 10.09M | 262.32M | 281.13M | 123.4M | 75.5M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 196.69M | 226.21M | 266.79M | 267.24M | 278.1M | 227.3M |
Days Sales Outstanding | 32.21 | 32.57 | 34.4 | 33.65 | 32.27 | 43.25 |
Inventory | 291.44M | 323.28M | 319.62M | 380.34M | 435.7M | 480.5M |
Days Inventory Outstanding | 56.52 | 54.28 | 50.91 | 59.6 | 61.91 | 63.89 |
Other Current Assets | 40.64M | 48.99M | 64.81M | 58.96M | 123.7M | 159M |
Total Non-Current Assets | 1.64B | 1.69B | 1.69B | 1.86B | 2.69B | 2.88B |
Property, Plant & Equipment | 1.3B | 1.36B | 1.36B | 1.49B | 2.08B | 2.21B |
Fixed Asset Turnover | 1.71x | 1.86x | 2.08x | 1.94x | 1.51x | 1.55x |
Goodwill | 276.43M | 274.54M | 274.48M | 297.23M | 519.7M | 573.1M |
Intangible Assets | 16.23M | 13.43M | 10.82M | 29.41M | 32.7M | 38.2M |
Long-Term Investments | 38.48M | 36.7M | 41.22M | 45.82M | 55.3M | 197.57M |
Other Non-Current Assets | 7.63M | 0 | 0 | 0 | 0 | 0 |
Total Assets | 2.18B▲ 0% | 2.29B▲ 5.2% | 2.6B▲ 13.3% | 2.85B▲ 9.7% | 3.65B▲ 28.0% | 3.82B▲ 0% |
Asset Turnover | 1.02x | 1.10x | 1.09x | 1.02x | 0.86x | 0.87x |
Asset Growth % | - | 5.16% | 13.32% | 9.67% | 28.02% | 108.16% |
Total Current Liabilities | 357.2M | 516.89M | 347.27M | 370.04M | 378M | 352.3M |
Accounts Payable | 82.6M | 87.37M | 107.66M | 140.83M | 145.6M | 131.4M |
Days Payables Outstanding | 16.02 | 14.67 | 17.15 | 22.07 | 20.69 | 23.03 |
Short-Term Debt | 108.23M | 238.21M | 7.08M | 10.47M | 27.6M | 27.3M |
Deferred Revenue (Current) | 32.35M | 39.84M | 51.38M | 42.13M | 0 | 79.14M |
Other Current Liabilities | 25.73M | 29.19M | 48.1M | 50.66M | 193.5M | 193.6M |
Current Ratio | 1.52x | 1.18x | 2.63x | 2.67x | 2.54x | 2.67x |
Quick Ratio | 0.70x | 0.55x | 1.71x | 1.64x | 1.39x | 1.31x |
Cash Conversion Cycle | 72.71 | 72.18 | 68.17 | 71.18 | 73.49 | 84.12 |
Total Non-Current Liabilities | 871.78M | 748.84M | 986.53M | 1.01B | 1.63B | 1.91B |
Long-Term Debt | 576.16M | 446.88M | 674.58M | 666.91M | 1.19B | 1.46B |
Capital Lease Obligations | 35.13M | 32.66M | 31.76M | 34.53M | 36.7M | 106.71M |
Deferred Tax Liabilities | 168.53M | 175.8M | 174.54M | 174.73M | 287.9M | 1.1B |
Other Non-Current Liabilities | 91.96M | 93.5M | 105.65M | 128.91M | 116.1M | 158.3M |
Total Liabilities | 1.23B | 1.27B | 1.33B | 1.38B | 2.01B | 2.26B |
Total Debt | 734.52M | 730.96M | 726.37M | 726.76M | 1.25B | 1.48B |
Net Debt | 720.67M | 720.87M | 464.05M | 445.63M | 1.13B | 1.41B |
Debt / Equity | 0.77x | 0.71x | 0.57x | 0.49x | 0.76x | 0.95x |
Debt / EBITDA | 2.52x | 2.34x | 1.73x | 1.60x | 2.62x | 3.39x |
Net Debt / EBITDA | 2.47x | 2.31x | 1.10x | 0.98x | 2.36x | 3.22x |
Interest Coverage | 10.01x | 6.27x | 5.22x | 5.91x | 3.60x | 4.27x |
Total Equity | 952.84M▲ 0% | 1.03B▲ 7.9% | 1.27B▲ 23.1% | 1.48B▲ 16.6% | 1.64B▲ 11.2% | 1.56B▲ 0% |
Equity Growth % | - | 7.95% | 23.08% | 16.59% | 11.17% | 45.38% |
Book Value per Share | 16.84 | 18.18 | 22.33 | 25.99 | 28.84 | 27.50 |
Total Shareholders' Equity | 952.84M | 1.03B | 1.27B | 1.48B | 1.64B | 1.56B |
Common Stock | 800K | 800K | 570K | 570K | 600K | 600K |
Retained Earnings | 430.45M | 494.66M | 665.87M | 867.55M | 1.02B | 945.4M |
Treasury Stock | -3.63M | -3.63M | -3.63M | -3.63M | -3.6M | 0 |
Accumulated OCI | -24.49M | -12.35M | -11.32M | -9.3M | -10.3M | -10.1M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
KNF Cash Flow Statement
Knife River Corporation (KNF) cash flow — operating, investing & free cash flow history
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Cash from Operations | 181.24M | 207.44M | 335.73M | 322.32M | 278.5M | 345.18M |
Operating CF Margin % | 8.13% | 8.18% | 11.86% | 11.12% | 8.85% | - |
Operating CF Growth % | - | 14.46% | 61.84% | -3.99% | -13.6% | 79.92% |
Net Income | 129.75M | 116.22M | 182.87M | 201.68M | 157.1M | 146.55M |
Depreciation & Amortization | 93.47M | 117.8M | 123.81M | 139.63M | 0 | 156.94M |
Stock-Based Compensation | 1.85M | 1.27M | 2.89M | 7.83M | -2.6M | 400K |
Deferred Taxes | 32.86M | 2.08M | -1.61M | 0 | 0 | 0 |
Other Non-Cash Items | -12.06M | -909K | 7.68M | -2.73M | 212.1M | 83.56M |
Working Capital Changes | -64.64M | -29.02M | 20.09M | -24.09M | -88.1M | -42.27M |
Change in Receivables | 15.36M | -40.51M | -38.77M | 14.06M | -44M | -32.58M |
Change in Inventory | -42.44M | -31.03M | 3.65M | -44.3M | -13.4M | -4.14M |
Change in Payables | -13.9M | 17.49M | 33.09M | 0 | -15M | -56.5M |
Cash from Investing | -398.27M | -155.88M | -117.89M | -294.8M | -913.7M | -661.07M |
Capital Expenditures | -174.23M | -178.16M | -124.28M | -172.43M | -348.1M | -350.44M |
CapEx % of Revenue | 7.82% | 7.03% | 4.39% | 5.95% | 11.06% | 10.94% |
Acquisitions | -235.22M | 1.75M | 0 | -130.98M | -610M | -331.53M |
Investments | - | - | - | - | - | - |
Other Investing | -162.21M | 22.88M | 6.39M | 8.61M | 44.4M | 21.02M |
Cash from Financing | 223.8M | -55.32M | 34.39M | -8.71M | 477.5M | 252.94M |
Debt Issued (Net) | 281.76M | 695K | 901.62M | -7.04M | 480.1M | -8.81M |
Equity Issued (Net) | 0 | 0 | 0 | -1.67M | 0 | 0 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | -1.67M | 0 | 0 |
Other Financing | -57.96M | -56.02M | -867.23M | 0 | -2.6M | 261.75M |
Net Change in Cash | 6.78M▲ 0% | -3.76M▼ 155.5% | 252.23M▲ 6811.8% | 18.81M▼ 92.5% | -157.7M▼ 938.2% | -62.98M▲ 0% |
Free Cash Flow | 7.01M▲ 0% | 29.28M▲ 317.7% | 211.44M▲ 622.1% | 149.9M▼ 29.1% | -69.6M▼ 146.4% | -5.26M▲ 0% |
FCF Margin % | 0.31% | 1.16% | 7.47% | 5.17% | -2.21% | -0.16% |
FCF Growth % | - | 317.66% | 622.09% | -29.11% | -146.43% | -114.4% |
FCF per Share | 0.12 | 0.52 | 3.73 | 2.64 | -1.22 | -0.09 |
FCF Conversion (FCF/Net Income) | 1.40x | 1.78x | 1.84x | 1.60x | 1.77x | -0.04x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
KNF Key Ratios
Knife River Corporation (KNF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
Return on Equity (ROE) | 11.73% | 15.94% | 14.71% | 10.08% | 9.35% |
Return on Invested Capital (ROIC) | 8.51% | 12.78% | 12.99% | 9.13% | 7.47% |
Gross Margin | 14.24% | 19.04% | 19.66% | 18.35% | 18.29% |
Net Margin | 4.59% | 6.46% | 6.96% | 4.99% | 4.58% |
Debt / Equity | 0.71x | 0.57x | 0.49x | 0.76x | 0.95x |
Interest Coverage | 6.27x | 5.22x | 5.91x | 3.60x | 4.27x |
FCF Conversion | 1.78x | 1.84x | 1.60x | 1.77x | -0.04x |
Revenue Growth | 13.72% | 11.66% | 2.43% | 8.52% | 9.57% |
Related:KNF Dividend History·KNF Revenue History·KNF Price History·KNF P/E History·KNF Financial Ratios·KNF Institutional Holders
KNF SEC Filings & Documents
Knife River Corporation (KNF) SEC filings — annual & quarterly reports (10-K, 10-Q)
KNF Frequently Asked Questions
Knife River Corporation (KNF) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Knife River Corporation (KNF) reported $3.20B in revenue for fiscal year 2025. This represents a 44% increase from $2.23B in 2021.
Knife River Corporation (KNF) grew revenue by 8.5% over the past year. This is steady growth.
Yes, Knife River Corporation (KNF) is profitable, generating $146.6M in net income for fiscal year 2025 (5.0% net margin).
Dividend & Returns
Knife River Corporation (KNF) has a return on equity (ROE) of 10.1%. This is reasonable for most industries.
Knife River Corporation (KNF) had negative free cash flow of $5.3M in fiscal year 2025, likely due to heavy capital investments.