KNOT Offshore Partners LP (KNOP) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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KNOP Revenue Growth
Revenue Breakdown (FY 2024)
KNOP's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
KNOP Revenue Analysis (2013–2024)
As of May 8, 2026, KNOT Offshore Partners LP (KNOP) generated trailing twelve-month (TTM) revenue of $359.2 million, reflecting exceptional growth of +27.0% year-over-year. The most recent quarter (Q3 2025) recorded $96.9 million in revenue, up 11.3% sequentially.
Looking at the longer-term picture, KNOP's 5-year compound annual growth rate (CAGR) stands at +2.0%, indicating moderate growth over time. The company achieved its highest annual revenue of $312.6 million in 2024, representing a new all-time high.
Revenue diversification analysis shows KNOP's business is primarily driven by Time Charter And Bareboat Revenues (50%), Time Charter Revenues (49%), and Bareboat Revenues (1%).
When compared to Industrials sector peers including TK (-26.0% YoY), TNK (-26.3% YoY), and NAT (-16.0% YoY), KNOP has outperformed the peer group in terms of revenue growth. Compare KNOP vs TK →
KNOP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| KNOPCurrent | $359M | +27.0% | +2.0% | 23.3% | |
 TK | $1.2B | -26.0% | -8.7% | 29.9% | |
 TNK | $952M | -26.3% | +1.4% | 22.6% | |
 NAT | $350M | -16.0% | +2.0% | 22.1% | |
 TEN | $804M | -5.3% | +6.1% | 34.6% | |
 FRO | $2.1B | -13.4% | +16.5% | 38.1% |
KNOP Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $312.6M | +7.5% | $200.5M | 64.1% | $72.9M | 23.3% |
| 2023 | $290.7M | +8.2% | $80.9M | 27.8% | $25.1M | 8.6% |
| 2022 | $268.6M | -4.5% | $72.3M | 26.9% | $66.2M | 24.7% |
| 2021 | $281.1M | +0.7% | $109.5M | 38.9% | $73.6M | 26.2% |
| 2020 | $279.2M | -1.2% | $128.5M | 46.0% | $123.1M | 44.1% |
| 2019 | $282.6M | +1.1% | $132.6M | 46.9% | $127.7M | 45.2% |
| 2018 | $279.5M | +27.5% | $134.0M | 47.9% | $128.7M | 46.0% |
| 2017 | $219.2M | +26.2% | $100.9M | 46.0% | $95.4M | 43.5% |
| 2016 | $173.7M | +12.0% | $86.5M | 49.8% | $82.2M | 47.3% |
| 2015 | $155.0M | +37.4% | $78.6M | 50.7% | $68.1M | 43.9% |
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Start ComparisonKNOP — Frequently Asked Questions
Quick answers to the most common questions about buying KNOP stock.
Is KNOP's revenue growth accelerating or slowing?
KNOP revenue is accelerating at +27.0% year-over-year, exceeding the 5-year CAGR of +2.0%. TTM revenue reached $359M. Growth momentum has increased versus prior periods.
What is KNOP's long-term revenue growth rate?
KNOT Offshore Partners LP's 5-year revenue CAGR of +2.0% reflects the sustained expansion pattern. Current YoY growth of +27.0% is above this long-term average.
How is KNOP's revenue distributed by segment?
KNOP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.