Knowles (KN) Financials

$35.87 -0.75 (-2.04%)

Closing price 03:59 PM Eastern

Extended Trading

$35.95 +0.08 (+0.21%)

As of 07:59 PM Eastern

Annual Income Statements for Knowles

This table shows Knowles' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-234	-42	68	68	49	6.60	150	-430	72	-238	44
Consolidated Net Income / (Loss)	-234	-42	68	68	49	6.60	150	-430	72	-238	44
Net Income / (Loss) Continuing Operations	17	20	6.50	66	50	2.90	150	66	66	23	51
Total Pre-Tax Income	21	28	19	61	66	11	105	88	37	35	64
Total Operating Income	35	45	40	78	81	29	116	91	43	52	70
Total Gross Profit	282	296	286	323	328	271	360	227	204	235	256
Total Revenue	754	756	744	827	855	764	868	479	457	554	593
Operating Revenue	754	756	744	827	855	764	868	479	457	554	593
Total Cost of Revenue	472	460	458	504	527	493	509	252	253	319	333
Operating Cost of Revenue	472	460	458	504	527	493	509	252	253	319	333
Total Operating Expenses	247	251	246	245	247	242	244	136	160	183	190
Selling, General & Admin Expense	150	150	127	143	146	132	146	106	126	142	143
Research & Development Expense	83	92	93	101	97	93	93	29	32	40	40
Impairment Charge	2.30	0.20	20	0.00	0.00	7.60	4.00	-	0.00	0.00	3.60
Restructuring Charge	12	8.60	6.20	1.70	4.30	10	0.50	0.60	2.20	1.50	3.00
Total Other Income / (Expense), net	-14	-17	-21	-17	-15	-18	-11	-3.10	-6.10	-17	-6.30
Interest Expense	13	20	21	16	15	16	14	3.50	5.40	16	9.30
Interest & Investment Income	-	-	-	-	-	-	-	-	0.00	0.00	6.20
Other Income / (Expense), net	-1.70	3.50	0.10	-0.70	-0.40	-1.50	3.00	0.40	-0.70	-0.80	-3.20
Income Tax Expense	3.20	8.30	13	-4.50	17	8.40	-46	21	-28	11	13
Net Income / (Loss) Discontinued Operations	-251	-62	62	2.10	-0.60	3.70	0.20	-497	6.80	-261	-6.70
Basic Earnings per Share	($2.69)	($0.48)	$0.76	$0.75	$0.54	$0.07	$1.63	($4.69)	$0.80	($2.67)	$0.51
Weighted Average Basic Shares Outstanding	86.80M	88.67M	89.33M	90.05M	91.20M	91.70M	92.30M	91.70M	90.90M	88.90M	86.40M
Diluted Earnings per Share	($2.69)	($0.47)	$0.75	$0.74	$0.53	$0.07	$1.59	($4.63)	$0.79	($2.64)	$0.50
Weighted Average Diluted Shares Outstanding	86.99M	89.18M	90.49M	91.19M	93.40M	92.90M	94.70M	92.80M	91.60M	90.10M	88M
Weighted Average Basic & Diluted Shares Outstanding	86.90M	88.10M	89.90M	90.30M	91.71M	91.73M	91.81M	91.23M	89.63M	87.66M	84.91M

This table shows Knowles' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	17	47	2.50	-259	0.50	19	-2.00	7.80	17	21	9.70
Consolidated Net Income / (Loss)	17	47	2.50	-259	0.50	19	-2.00	7.80	17	21	9.70
Net Income / (Loss) Continuing Operations	15	42	-1.00	4.80	9.20	271	-0.40	7.80	18	26	11
Total Pre-Tax Income	11	13	1.00	7.80	12	257	0.80	11	22	30	11
Total Operating Income	11	16	5.00	13	19	264	4.00	15	26	26	16
Total Gross Profit	50	26	53	58	63	24	53	61	70	73	67
Total Revenue	108	27	133	135	143	8.80	132	146	153	162	153
Operating Revenue	108	27	133	135	143	8.80	132	146	153	162	153
Total Cost of Revenue	58	0.80	80	77	80	-16	79	82	83	90	86
Operating Cost of Revenue	58	0.80	80	77	80	-16	79	82	83	90	86
Total Operating Expenses	39	9.80	48	45	44	-240	49	50	44	47	51
Selling, General & Admin Expense	29	26	37	36	34	22	37	36	34	36	39
Research & Development Expense	8.10	-15	9.40	9.60	10	-12	9.70	10	10	11	12
Total Other Income / (Expense), net	-0.10	-3.40	-4.00	-4.90	-6.50	-7.10	-3.20	-3.40	-3.50	3.80	-4.90
Interest Expense	0.60	3.20	4.40	4.60	3.90	3.40	2.70	2.50	2.30	1.80	1.50
Other Income / (Expense), net	0.50	-0.20	0.40	-0.30	-2.60	-3.70	-0.50	-0.90	-1.20	-0.60	-3.40
Income Tax Expense	-3.90	-29	2.00	3.00	3.00	-14	1.20	3.50	4.30	4.10	-0.30
Net Income / (Loss) Discontinued Operations	1.40	-	3.50	-264	-8.70	-	-1.60	0.00	-0.60	-4.50	-1.60
Basic Earnings per Share	$0.18	$0.53	$0.03	($2.90)	$0.01	$0.19	($0.02)	$0.09	$0.20	$0.24	$0.11
Weighted Average Basic Shares Outstanding	90.80M	90.90M	89.60M	89.40M	88.70M	88.90M	87.80M	86.90M	85.80M	86.40M	85.40M
Diluted Earnings per Share	$0.18	$0.52	$0.03	($2.88)	$0.01	$0.22	($0.02)	$0.09	$0.20	$0.23	$0.11
Weighted Average Diluted Shares Outstanding	91.40M	91.60M	89.60M	89.90M	89.70M	90.10M	87.80M	87.60M	87.30M	88M	87.70M
Weighted Average Basic & Diluted Shares Outstanding	90.26M	89.63M	89.74M	88.43M	88.07M	87.66M	86.98M	85.89M	85.15M	84.91M	85.56M

This table details how cash moves in and out of Knowles' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	8.10	2.90	46	60	129	69	103	67	162	201	32
Net Cash From Operating Activities	78	108	93	99	124	128	182	86	123	158	108
Net Cash From Continuing Operating Activities	78	108	93	99	124	128	182	86	123	158	108
Net Income / (Loss) Continuing Operations	-234	-42	68	68	49	6.60	150	-430	72	-238	44
Consolidated Net Income / (Loss)	-234	-42	68	68	49	6.60	150	-430	72	-238	44
Depreciation Expense	136	74	57	52	54	61	63	54	47	50	36
Amortization Expense	0.80	5.60	7.60	7.60	8.10	8.90	8.00	0.70	2.00	8.10	4.80
Non-Cash Adjustments To Reconcile Net Income	219	0.00	104	31	27	32	36	508	16	301	32
Changes in Operating Assets and Liabilities, net	-150	-81	-6.10	45	-14	20	-75	-46	-15	37	-8.80
Net Cash From Investing Activities	-95	5.90	70	-88	-111	-35	-130	-33	-142	45	-32
Net Cash From Continuing Investing Activities	-95	5.90	70	-88	-111	-35	-130	-33	-142	45	-32
Purchase of Property, Plant & Equipment	-63	-39	-52	-80	-41	-32	-49	-32	-17	-14	-32
Acquisitions	-36	0.00	-2.50	-18	-69	0.00	-79	-0.70	-137	0.00	0.00
Sale of Property, Plant & Equipment	0.50	2.00	0.50	0.10	0.00	0.30	0.60	0.10	13	0.00	0.00
Divestitures	0.00	41	123	10	0.00	-	-	0.00	0.00	65	0.00
Sale and/or Maturity of Investments	4.00	2.00	-	0.00	0.00	-3.50	-3.10	0.00	0.00	0.00	0.00
Other Investing Activities, net	-1.00	-	-	-	-	-	-	0.00	0.00	-6.40	0.50
Net Cash From Financing Activities	26	-110	-118	-49	-8.50	-24	-131	-73	58	-132	-159
Net Cash From Continuing Financing Activities	26	-110	-118	-49	-8.50	-24	-131	-73	58	-132	-159
Repayment of Debt	-102	-308	-307	-49	-19	-101	-173	-48	-37	-166	-55
Repurchase of Common Equity	-	-	-	0.00	0.00	-16	-45	-44	-48	-54	-65
Issuance of Debt	130	205	191	6.00	10	100	70	23	150	140	35
Other Financing Activities, net	-2.20	-46	-1.80	-5.20	0.50	-6.30	16	-4.20	-7.10	-52	-74
Other Net Changes in Cash	78	108	93	98	124	128	182	86	123	130	114
Cash Interest Paid	11	12	11	9.00	7.50	8.10	7.40	3.60	5.40	12	8.30
Cash Income Taxes Paid	19	4.20	13	18	12	17	16	6.20	11	15	8.40

This table details how cash moves in and out of Knowles' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	21	135	35	-38	8.60	196	-28	1.30	-11	70	-13
Net Cash From Operating Activities	40	60	17	25	53	63	1.30	36	29	42	-0.70
Net Cash From Continuing Operating Activities	40	60	17	25	53	63	1.30	36	29	42	-0.70
Net Income / (Loss) Continuing Operations	17	47	2.50	-259	0.50	19	-2.00	7.80	17	21	9.70
Consolidated Net Income / (Loss)	17	47	2.50	-259	0.50	19	-2.00	7.80	17	21	9.70
Depreciation Expense	11	13	14	13	13	9.60	9.00	9.10	9.00	9.20	9.20
Amortization Expense	0.20	1.40	2.10	2.20	2.10	1.70	1.30	1.50	1.40	0.60	0.10
Non-Cash Adjustments To Reconcile Net Income	1.60	6.30	-0.10	256	23	23	12	9.90	6.00	4.20	10
Changes in Operating Assets and Liabilities, net	11	-7.40	-1.20	13	14	11	-19	8.10	-4.70	6.60	-30
Net Cash From Investing Activities	-3.90	-142	3.80	-3.20	-3.70	48	-3.50	-5.10	-7.70	-15	-11
Net Cash From Continuing Investing Activities	-3.90	-142	3.80	-3.20	-3.70	48	-3.50	-5.10	-7.70	-15	-11
Purchase of Property, Plant & Equipment	-4.20	-5.10	-3.40	-3.20	-3.70	-3.30	-4.00	-5.10	-7.70	-15	-11
Sale and/or Maturity of Investments	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Other Investing Activities, net	-	-	0.00	-	-	-	0.50	-	-	-	0.00
Net Cash From Financing Activities	-15	94	14	-60	-41	-45	-26	-30	-32	-70	-1.80
Net Cash From Continuing Financing Activities	-15	94	14	-60	-41	-45	-26	-30	-32	-70	-1.80
Repayment of Debt	-	-35	-20	-72	-38	-36	-15	-	-15	-25	-43
Repurchase of Common Equity	-15	-20	0.00	-25	-4.50	-24	-5.00	-30	-20	-10	-7.50
Issuance of Debt	-	150	40	38	-	62	0.00	-	-	35	60
Other Financing Activities, net	-0.20	-1.20	-6.40	-0.60	1.30	-47	-6.20	-0.30	2.90	-70	-11
Effect of Exchange Rate Changes	-	-	-	-	-	-	0.20	-	-	-	0.10
Cash Interest Paid	1.00	2.60	3.40	3.50	2.80	2.30	2.20	2.00	2.00	2.10	1.90
Cash Income Taxes Paid	2.00	1.60	2.60	3.70	2.00	6.60	2.90	3.20	1.40	0.90	1.90

This table presents Knowles' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,697	1,515	1,550	1,548	1,655	1,655	1,732	1,184	1,463	1,118	1,051
Total Current Assets	336	291	395	365	388	420	380	362	429	361	291
Cash & Equivalents	63	63	112	74	78	148	69	48	87	130	54
Accounts Receivable	145	126	138	140	160	131	147	135	91	105	103
Inventories, net	118	91	126	140	142	130	153	170	127	118	125
Prepaid Expenses	9.20	10	20	11	8.60	10	12	10	6.90	8.30	9.80
Plant, Property, & Equipment, net	215	173	183	212	207	192	201	162	143	130	140
Total Noncurrent Assets	1,145	1,051	972	971	1,060	1,044	1,151	660	891	627	620
Long-Term Investments	-	-	-	-	-	-	-	-	0.00	77	83
Goodwill	926	872	885	888	910	910	941	471	271	270	270
Intangible Assets	97	74	54	57	92	79	97	85	176	157	141
Other Noncurrent Operating Assets	122	106	34	27	58	55	112	104	127	122	125
Total Liabilities & Shareholders' Equity	1,697	1,515	1,550	1,548	1,655	1,655	1,732	1,184	1,463	1,118	1,051
Total Liabilities	690	507	418	336	366	351	272	191	429	362	275
Total Current Liabilities	175	132	152	142	152	297	166	99	165	198	106
Accounts Payable	77	66	86	77	88	70	91	41	36	59	43
Current Deferred & Payable Income Tax Liabilities	1.50	3.20	6.60	4.30	5.90	2.70	1.70	2.50	2.80	3.70	1.00
Current Employee Benefit Liabilities	31	31	31	40	32	30	43	27	25	29	30
Other Current Liabilities	-	-	-	0.00	9.30	10	11	8.40	5.10	3.90	32
Total Noncurrent Liabilities	514	374	266	195	215	54	106	92	264	165	169
Long-Term Debt	399	289	193	158	157	0.00	70	45	224	134	114
Noncurrent Deferred & Payable Income Tax Liabilities	18	22	0.00	2.10	2.20	2.00	0.60	0.90	0.70	1.10	1.10
Other Noncurrent Operating Liabilities	97	64	74	34	56	52	35	46	38	30	54
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,007	1,008	1,132	1,212	1,289	2,607	1,460	993	1,034	756	776
Total Preferred & Common Equity	1,007	1,008	1,132	1,212	1,289	1,304	1,460	993	1,034	756	776
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,007	1,008	1,132	1,212	1,289	2,607	1,460	993	1,042	756	776
Common Stock	1,451	1,501	1,524	1,547	1,576	1,589	1,640	1,667	1,691	1,713	1,741
Retained Earnings	-318	-360	-292	-224	-175	-169	-18	-448	-376	-614	-569
Treasury Stock	-	-	-	-	0.00	-16	-62	-103	8.20	-205	-271
Accumulated Other Comprehensive Income / (Loss)	-126	-132	-100	-111	-112	-101	-100	-122	-130	-138	-125

This table presents Knowles' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,437	1,196	1,176	1,182	1,483	1,178	1,171	1,097	1,088	1,088	1,054
Total Current Assets	377	383	376	388	468	423	436	338	335	334	297
Cash & Equivalents	42	52	54	75	122	84	93	102	103	93	41
Accounts Receivable	129	110	118	119	131	136	106	107	101	108	109
Inventories, net	195	209	192	184	203	190	125	120	120	124	136
Prepaid Expenses	12	13	12	9.60	12	13	9.80	9.10	11	10	11
Plant, Property, & Equipment, net	164	159	150	145	166	159	134	129	127	131	145
Total Noncurrent Assets	895	654	650	650	849	596	601	630	626	623	612
Long-Term Investments	-	-	-	-	-	-	-	77	77	77	83
Goodwill	702	471	471	471	541	291	270	270	270	270	270
Intangible Assets	88	82	79	78	183	177	162	153	149	145	137
Other Noncurrent Operating Assets	105	101	100	101	126	127	123	130	130	130	121
Total Liabilities & Shareholders' Equity	1,437	1,196	1,176	1,182	1,483	1,178	1,171	1,097	1,088	1,088	1,054
Total Liabilities	257	208	190	189	450	425	394	341	342	336	274
Total Current Liabilities	131	125	108	107	170	179	186	168	167	176	91
Accounts Payable	58	71	49	52	68	53	34	40	39	41	45
Current Deferred & Payable Income Tax Liabilities	11	1.70	0.00	0.30	2.00	19	16	1.10	2.90	7.10	1.00
Current Employee Benefit Liabilities	25	21	24	27	25	32	27	18	23	26	19
Other Current Liabilities	37	32	36	28	27	26	21	39	31	29	26
Total Noncurrent Liabilities	125	83	81	82	279	246	208	174	175	160	183
Long-Term Debt	78	45	45	45	245	212	176	119	119	104	131
Noncurrent Deferred & Payable Income Tax Liabilities	0.50	0.90	0.90	0.90	0.70	0.80	0.80	1.10	1.10	1.10	1.10
Other Noncurrent Operating Liabilities	47	37	35	36	33	33	30	54	55	55	51
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,180	987	987	993	1,034	753	777	756	746	752	780
Total Preferred & Common Equity	1,180	987	987	993	1,034	753	777	756	746	752	780
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,180	993	993	1,000	1,034	753	777	756	746	752	780
Common Stock	1,659	1,670	1,677	1,684	1,692	1,699	1,708	1,717	1,723	1,732	1,740
Retained Earnings	-240	-453	-440	-423	-373	-633	-632	-616	-608	-590	-560
Accumulated Other Comprehensive Income / (Loss)	-135	-118	-135	-136	-133	-137	-118	-135	-129	-129	-122
Other Equity Adjustments	-	-111	-116	-131	-	-176	-	-210	-	-261	-278

This table displays calculated financial ratios and metrics derived from Knowles' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-17.64%	0.28%	-1.52%	11.11%	3.37%	-10.59%	13.58%	-44.85%	-4.59%	21.17%	7.17%
EBITDA Growth	-41.69%	-24.74%	-17.92%	30.70%	4.52%	-32.17%	94.75%	-22.98%	-37.45%	19.96%	-1.10%
EBIT Growth	-76.06%	45.65%	-17.53%	92.75%	4.80%	-65.72%	328.88%	-23.23%	-53.18%	19.44%	31.57%
NOPAT Growth	-75.67%	7.26%	-57.84%	524.82%	-27.13%	-87.69%	2,118.93%	-58.66%	11.03%	-54.24%	60.06%
Net Income Growth	-168.74%	81.91%	261.47%	-0.88%	-27.47%	-86.56%	2,178.79%	-385.97%	116.83%	-428.45%	118.59%
EPS Growth	-163.73%	82.53%	259.57%	-1.33%	-28.38%	-86.79%	2,171.43%	-391.20%	117.06%	-434.18%	118.94%
Operating Cash Flow Growth	-32.24%	37.12%	-13.58%	6.03%	25.79%	3.39%	42.15%	-52.61%	42.18%	28.85%	-31.44%
Free Cash Flow Firm Growth	-26.00%	-32.51%	-72.91%	-99.24%	-3,079.42%	645.17%	-50.59%	1,937.74%	-52.80%	-62.69%	-42.22%
Invested Capital Growth	-13.20%	-9.41%	-2.43%	6.86%	5.45%	-3.37%	10.58%	-32.24%	-18.03%	-7.41%	0.13%
Revenue Q/Q Growth	9.87%	1.27%	11.79%	1.01%	1.20%	1.23%	-1.01%	-40.29%	-27.18%	-33.48%	3.44%
EBITDA Q/Q Growth	-52.49%	12.01%	9.16%	-4.39%	-1.24%	8.00%	1.88%	235.25%	168.21%	187.59%	6.50%
EBIT Q/Q Growth	-85.09%	186.98%	39.86%	-7.11%	-3.81%	27.65%	3.39%	154.68%	123.66%	127.40%	13.73%
NOPAT Q/Q Growth	-87.57%	163.36%	150.93%	272.48%	-53.62%	133.45%	66.85%	158.70%	160.71%	126.43%	25.41%
Net Income Q/Q Growth	-388.10%	82.98%	3,152.38%	-8.02%	-54.62%	364.00%	72.08%	-232.12%	139.56%	-13.83%	6.00%
EPS Q/Q Growth	-380.36%	83.39%	3,650.00%	-9.76%	-54.70%	450.00%	70.97%	-221.53%	139.50%	-12.82%	6.38%
Operating Cash Flow Q/Q Growth	101.54%	3.56%	-7.84%	-2.57%	12.84%	1.75%	-5.21%	-17.81%	12.47%	1.74%	-16.55%
Free Cash Flow Firm Q/Q Growth	-7.52%	-48.28%	2,537.48%	-99.52%	-129.74%	389.70%	-34.22%	742.01%	99.35%	229.51%	-37.87%
Invested Capital Q/Q Growth	-15.14%	-5.70%	-6.00%	4.18%	1.83%	-1.32%	4.49%	-18.66%	-15.77%	-6.36%	-0.82%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.39%	39.13%	38.43%	39.01%	38.37%	35.48%	41.41%	47.41%	44.61%	42.42%	43.21%
EBITDA Margin	22.53%	16.91%	14.10%	16.58%	16.76%	12.72%	21.81%	30.45%	19.97%	19.77%	18.24%
Operating Margin	4.64%	5.95%	5.36%	9.41%	9.50%	3.82%	13.34%	18.96%	9.50%	9.36%	11.85%
EBIT Margin	4.42%	6.42%	5.37%	9.32%	9.45%	3.62%	13.69%	19.05%	9.35%	9.21%	11.31%
Profit (Net Income) Margin	-31.02%	-5.60%	9.18%	8.19%	5.74%	0.86%	17.33%	-89.83%	15.85%	-42.96%	7.45%
Tax Burden Percent	-1,134.95%	-150.53%	352.06%	110.80%	74.06%	58.41%	143.79%	-490.42%	194.10%	-685.30%	69.06%
Interest Burden Percent	61.86%	57.94%	48.50%	79.25%	82.05%	40.79%	88.05%	96.16%	87.35%	68.04%	95.38%
Effective Tax Rate	15.53%	29.54%	66.49%	-7.37%	25.04%	74.34%	-43.59%	24.29%	-75.87%	32.56%	20.47%
Return on Invested Capital (ROIC)	2.00%	2.42%	1.09%	6.66%	4.57%	0.56%	11.96%	5.61%	8.48%	4.47%	7.44%
ROIC Less NNEP Spread (ROIC-NNEP)	-72.15%	-22.23%	35.89%	-12.47%	-9.87%	0.71%	14.43%	47,514.86%	11.95%	244.13%	89.91%
Return on Net Nonoperating Assets (RNNOA)	-22.85%	-6.62%	5.29%	-0.88%	-0.64%	-0.22%	-4.56%	-40.69%	-1.33%	-31.04%	-1.67%
Return on Equity (ROE)	-20.85%	-4.20%	6.38%	5.78%	3.93%	0.34%	7.40%	-35.08%	7.14%	-26.57%	5.77%
Cash Return on Invested Capital (CROIC)	16.14%	12.30%	3.55%	0.03%	-0.74%	3.99%	1.90%	44.05%	28.29%	12.16%	7.30%
Operating Return on Assets (OROA)	1.80%	3.02%	2.61%	4.98%	5.05%	1.67%	7.02%	6.26%	3.23%	3.95%	6.19%
Return on Assets (ROA)	-12.65%	-2.63%	4.46%	4.37%	3.07%	0.40%	8.88%	-29.50%	5.47%	-18.43%	4.08%
Return on Common Equity (ROCE)	-20.85%	-4.20%	6.38%	5.78%	3.93%	0.34%	7.40%	-35.08%	7.17%	-26.69%	5.77%
Return on Equity Simple (ROE_SIMPLE)	-23.22%	-4.19%	6.03%	5.59%	3.81%	0.51%	10.30%	-43.32%	7.00%	-31.46%	0.00%
Net Operating Profit after Tax (NOPAT)	30	32	13	84	61	7.49	166	69	76	35	56
NOPAT Margin	3.92%	4.20%	1.80%	10.10%	7.12%	0.98%	19.15%	14.36%	16.71%	6.31%	9.43%
Net Nonoperating Expense Percent (NNEP)	74.16%	24.66%	-34.80%	19.13%	14.44%	-0.15%	-2.47%	-47,509.25%	-3.48%	-239.66%	-82.47%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.62%	5.85%	3.64%	6.28%
Cost of Revenue to Revenue	62.61%	60.87%	61.57%	60.99%	61.63%	64.52%	58.59%	52.59%	55.39%	57.58%	56.19%
SG&A Expenses to Revenue	19.86%	19.84%	17.01%	17.23%	17.04%	17.21%	16.86%	22.20%	27.54%	25.65%	24.07%
R&D to Revenue	11.04%	12.17%	12.55%	12.17%	11.32%	12.15%	10.69%	6.12%	7.09%	7.14%	6.78%
Operating Expenses to Revenue	32.75%	33.17%	33.07%	29.60%	28.87%	31.66%	28.07%	28.45%	35.11%	33.06%	31.96%
Earnings before Interest and Taxes (EBIT)	33	49	40	77	81	28	119	91	43	51	67
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	170	128	105	137	143	97	189	146	91	109	108
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.17	1.47	1.16	0.99	0.00	0.00	1.48	1.50	1.55	2.32	2.35
Price to Tangible Book Value (P/TBV)	0.00	23.53	6.77	4.50	0.00	0.00	5.12	3.42	2.71	5.34	5.01
Price to Revenue (P/Rev)	1.56	1.96	1.76	1.45	0.00	0.00	2.48	3.12	3.54	3.17	3.08
Price to Earnings (P/E)	0.00	0.00	19.20	17.73	0.00	0.00	14.34	0.00	22.33	0.00	41.29
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	5.21%	5.64%	0.00%	0.00%	6.98%	0.00%	4.48%	0.00%	2.42%
Enterprise Value to Invested Capital (EV/IC)	1.13	1.38	1.15	0.99	0.00	0.00	1.48	1.51	2.22	2.33	2.39
Enterprise Value to Revenue (EV/Rev)	2.05	2.27	1.87	1.55	0.00	0.00	2.49	3.11	3.94	3.16	3.04
Enterprise Value to EBITDA (EV/EBITDA)	9.10	13.44	13.27	9.37	0.00	0.00	11.40	10.22	19.74	16.00	16.65
Enterprise Value to EBIT (EV/EBIT)	46.38	35.41	34.81	16.67	0.00	0.00	18.16	16.34	42.16	34.32	26.84
Enterprise Value to NOPAT (EV/NOPAT)	52.24	54.16	104.16	15.39	0.00	0.00	12.97	21.68	23.59	50.11	32.22
Enterprise Value to Operating Cash Flow (EV/OCF)	19.70	15.98	14.99	13.05	0.00	0.00	11.85	17.27	14.67	11.07	16.62
Enterprise Value to Free Cash Flow (EV/FCFF)	6.48	10.68	31.96	3,895.18	0.00	0.00	81.46	2.76	7.07	18.42	32.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.43	0.30	0.17	0.13	0.12	0.06	0.05	0.05	0.26	0.27	0.15
Long-Term Debt to Equity	0.40	0.29	0.17	0.13	0.12	0.00	0.05	0.05	0.22	0.18	0.15
Financial Leverage	0.32	0.30	0.15	0.07	0.07	-0.31	-0.32	0.00	-0.11	-0.13	-0.02
Leverage Ratio	1.65	1.59	1.43	1.32	1.28	0.85	0.83	1.19	1.31	1.44	1.42
Compound Leverage Factor	1.02	0.92	0.69	1.05	1.05	0.35	0.73	1.14	1.14	0.98	1.35
Debt to Total Capital	29.87%	22.82%	14.54%	11.54%	10.85%	5.96%	4.58%	4.34%	20.78%	21.13%	12.81%
Short-Term Debt to Total Capital	2.06%	0.74%	0.00%	0.00%	0.00%	5.96%	0.00%	0.00%	3.61%	7.15%	0.00%
Long-Term Debt to Total Capital	27.81%	22.08%	14.54%	11.54%	10.85%	0.00%	4.58%	4.34%	17.17%	13.98%	12.81%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	70.13%	77.18%	85.46%	88.46%	89.15%	94.04%	95.42%	95.66%	79.85%	78.87%	87.19%
Debt to EBITDA	2.53	2.33	1.84	1.15	1.09	1.70	0.37	0.31	2.97	1.85	1.05
Net Debt to EBITDA	2.15	1.84	0.77	0.62	0.55	0.18	0.01	-0.02	2.02	-0.04	-0.22
Long-Term Debt to EBITDA	2.35	2.26	1.84	1.15	1.09	0.00	0.37	0.31	2.46	1.22	1.05
Debt to NOPAT	14.50	9.40	14.41	1.89	2.58	22.03	0.42	0.65	3.55	5.80	2.04
Net Debt to NOPAT	12.36	7.41	6.05	1.01	1.29	2.31	0.01	-0.05	2.41	-0.14	-0.42
Long-Term Debt to NOPAT	13.50	9.10	14.41	1.89	2.58	0.00	0.42	0.65	2.94	3.84	2.04
Altman Z-Score	1.39	2.15	2.37	2.81	0.00	0.00	5.62	5.09	2.53	2.96	4.21
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.40%	-0.46%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.92	2.20	2.60	2.57	2.56	1.41	2.29	3.66	2.61	1.83	2.75
Quick Ratio	1.19	1.44	1.65	1.51	1.57	0.94	1.30	1.85	1.08	1.19	1.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	238	161	44	0.33	-9.83	54	26	540	255	95	55
Operating Cash Flow to CapEx	125.24%	292.92%	181.80%	123.13%	300.73%	405.38%	379.38%	269.69%	2,610.64%	1,162.50%	337.69%
Free Cash Flow to Firm to Interest Expense	18.76	7.88	2.12	0.02	-0.68	3.27	1.87	154.18	47.17	5.83	5.90
Operating Cash Flow to Interest Expense	6.17	5.27	4.51	6.16	8.54	7.81	12.82	24.66	22.72	9.70	11.66
Operating Cash Flow Less CapEx to Interest Expense	1.24	3.47	2.03	1.16	5.70	5.88	9.44	15.51	21.85	8.87	8.20
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.41	0.47	0.49	0.53	0.53	0.46	0.51	0.33	0.35	0.43	0.55
Accounts Receivable Turnover	3.95	5.56	5.64	5.95	5.70	5.25	6.25	3.40	4.05	5.66	5.71
Inventory Turnover	3.37	4.40	4.23	3.80	3.74	3.63	3.59	1.56	1.71	2.60	2.75
Fixed Asset Turnover	2.84	3.89	4.18	4.19	4.09	3.84	4.43	2.64	3.00	4.05	4.39
Accounts Payable Turnover	3.79	6.45	6.06	6.20	6.39	6.24	6.31	3.81	6.55	6.75	6.57
Days Sales Outstanding (DSO)	92.39	65.59	64.77	61.36	64.03	69.49	58.44	107.22	90.05	64.53	63.93
Days Inventory Outstanding (DIO)	108.46	83.00	86.19	96.15	97.66	100.63	101.62	233.81	213.88	140.30	132.84
Days Payable Outstanding (DPO)	96.43	56.61	60.18	58.92	57.13	58.48	57.84	95.89	55.76	54.06	55.52
Cash Conversion Cycle (CCC)	104.42	91.97	90.77	98.59	104.56	111.64	102.22	245.15	248.17	150.77	141.25
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,372	1,243	1,213	1,296	1,367	1,321	1,461	990	811	751	752
Invested Capital Turnover	0.51	0.58	0.61	0.66	0.64	0.57	0.62	0.39	0.51	0.71	0.79
Increase / (Decrease) in Invested Capital	-209	-129	-30	83	71	-46	140	-471	-178	-60	1.00
Enterprise Value (EV)	1,544	1,717	1,393	1,285	0.00	0.00	2,157	1,490	1,800	1,750	1,801
Market Capitalization	1,179	1,483	1,312	1,201	0.00	0.00	2,156	1,493	1,617	1,755	1,825
Book Value per Share	$11.38	$11.37	$12.65	$13.43	$14.13	$28.43	$15.80	$10.92	$11.55	$8.58	$9.11
Tangible Book Value per Share	($0.18)	$0.71	$2.17	$2.96	$3.15	$17.65	$4.56	$4.80	$6.61	$3.73	$4.28
Total Capital	1,436	1,307	1,325	1,370	1,445	2,772	1,530	1,038	1,305	959	890
Total Debt	429	298	193	158	157	165	70	45	271	203	114
Total Long-Term Debt	399	289	193	158	157	0.00	70	45	224	134	114
Net Debt	366	235	81	85	78	17	1.10	-3.20	184	-4.80	-24
Capital Expenditures (CapEx)	63	37	51	80	41	32	48	32	4.70	14	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	127	105	132	150	159	140	145	215	224	102	131
Debt-free Net Working Capital (DFNWC)	190	168	243	223	237	287	214	263	311	232	186
Net Working Capital (NWC)	161	159	243	223	237	122	214	263	264	164	186
Net Nonoperating Expense (NNE)	263	74	-55	16	12	0.89	16	499	3.93	273	12
Net Nonoperating Obligations (NNO)	366	235	81	85	78	-1,286	1.10	-3.20	-223	-4.80	-24
Total Depreciation and Amortization (D&A)	137	79	65	60	63	70	71	55	49	58	41
Debt-free, Cash-free Net Working Capital to Revenue	16.85%	13.89%	17.68%	18.10%	18.54%	18.27%	16.73%	44.92%	49.04%	18.46%	22.13%
Debt-free Net Working Capital to Revenue	25.25%	22.28%	32.69%	26.99%	27.71%	37.60%	24.66%	54.99%	68.15%	41.97%	31.27%
Net Working Capital to Revenue	21.32%	21.00%	32.69%	26.99%	27.71%	16.00%	24.66%	54.99%	57.84%	29.59%	31.27%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.69)	($0.48)	$0.76	$0.75	$0.54	$0.07	$1.63	($4.69)	$0.80	($2.67)	$0.51
Adjusted Weighted Average Basic Shares Outstanding	86.80M	88.67M	89.33M	90.05M	91.16M	91.70M	92.30M	91.70M	90.90M	88.90M	86.40M
Adjusted Diluted Earnings per Share	($2.69)	($0.47)	$0.75	$0.74	$0.53	$0.07	$1.59	($4.69)	$0.79	($2.64)	$0.50
Adjusted Weighted Average Diluted Shares Outstanding	86.80M	89.18M	90.49M	91.19M	93.44M	92.88M	94.70M	91.70M	91.60M	90.10M	88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	88.46M	88.75M	89.49M	90.22M	91.71M	91.73M	91.81M	91.23M	89.63M	87.66M	84.91M
Normalized Net Operating Profit after Tax (NOPAT)	41	38	46	56	64	33	84	69	32	36	61
Normalized NOPAT Margin	5.48%	5.02%	6.21%	6.73%	7.50%	4.29%	9.70%	14.45%	6.99%	6.49%	10.31%
Pre Tax Income Margin	2.73%	3.72%	2.61%	7.39%	7.76%	1.48%	12.05%	18.32%	8.17%	6.27%	10.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.62	2.38	1.94	4.82	5.57	1.69	8.37	26.06	7.91	3.13	7.22
NOPAT to Interest Expense	2.33	1.55	0.65	5.22	4.20	0.46	11.71	19.64	14.13	2.14	6.01
EBIT Less CapEx to Interest Expense	-2.31	0.58	-0.54	-0.18	2.73	-0.24	4.99	16.91	7.04	2.29	3.76
NOPAT Less CapEx to Interest Expense	-2.60	-0.24	-1.83	0.22	1.36	-1.47	8.33	10.50	13.26	1.31	2.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	245.45%	29.59%	-10.23%	65.61%	-22.58%	147.06%

This table displays calculated financial ratios and metrics derived from Knowles' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	84,913,639.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	84,913,639.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.11
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-39.34%	129.96%	36.11%	15.75%	31.82%	-66.92%	-0.83%	7.91%	7.30%	13.82%	15.81%
EBITDA Growth	3,683.33%	-90.34%	187.91%	-849.32%	38.77%	806.67%	-35.81%	-12.86%	11.11%	23.24%	57.97%
EBIT Growth	195.20%	-94.67%	406.06%	-1,396.15%	35.29%	1,539.62%	-35.19%	11.29%	52.80%	47.37%	257.14%
NOPAT Growth	250.04%	-81.62%	369.42%	-1,348.52%	-8.04%	423.02%	60.00%	29.83%	47.68%	90.12%	916.68%
Net Income Growth	514.81%	122.79%	148.08%	-2,006.62%	-96.99%	-60.97%	-180.00%	103.01%	3,380.00%	13.51%	585.00%
EPS Growth	500.00%	123.53%	150.00%	-2,033.33%	-94.44%	-57.69%	-166.67%	103.13%	1,900.00%	15.00%	650.00%
Operating Cash Flow Growth	108.90%	29.06%	-21.00%	4,880.00%	32.33%	4.47%	-92.49%	46.18%	-44.89%	-34.07%	-153.85%
Free Cash Flow Firm Growth	57.23%	-69.55%	-143.47%	-144.53%	-34.87%	46.16%	290.55%	237.47%	-63.09%	-70.43%	-101.14%
Invested Capital Growth	-20.84%	-18.03%	22.91%	-4.80%	-16.72%	-7.41%	-36.47%	-18.76%	-5.46%	0.13%	2.78%
Revenue Q/Q Growth	-39.20%	-75.39%	-8.74%	4.79%	-30.76%	-93.82%	1,402.27%	10.36%	4.80%	6.08%	-5.61%
EBITDA Q/Q Growth	-22.79%	32.16%	-4.73%	-940.84%	114.30%	763.49%	-94.93%	76.81%	43.44%	0.00%	-37.71%
EBIT Q/Q Growth	-34.62%	33.61%	-24.63%	-2,435.64%	106.82%	1,519.25%	-98.66%	294.29%	78.26%	2.44%	-50.40%
NOPAT Q/Q Growth	16.09%	247.22%	-97.02%	-8,844.60%	108.55%	1,874.79%	-100.72%	607.35%	105.24%	6.73%	-26.51%
Net Income Q/Q Growth	22.06%	185.54%	-94.73%	-10,472.00%	100.19%	3,600.00%	-110.81%	490.00%	123.08%	20.69%	-53.81%
EPS Q/Q Growth	20.00%	188.89%	-94.23%	-9,766.67%	100.34%	2,100.00%	-109.09%	550.00%	122.22%	15.00%	-52.17%
Operating Cash Flow Q/Q Growth	7,880.00%	51.38%	-71.36%	43.93%	112.05%	19.51%	-97.94%	2,700.00%	-20.05%	42.96%	-101.68%
Free Cash Flow Firm Q/Q Growth	1.44%	-13.83%	-34.90%	47.01%	248.37%	93.36%	29.22%	-57.80%	-65.00%	-67.15%	-123.40%
Invested Capital Q/Q Growth	-1.42%	-15.77%	-1.07%	-22.81%	-13.76%	-6.36%	1.90%	-1.28%	0.36%	-0.82%	4.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	46.62%	97.37%	35.59%	37.71%	44.14%	277.27%	40.32%	41.54%	45.72%	44.70%	43.83%
EBITDA Margin	21.00%	112.78%	13.34%	-107.05%	22.11%	3,090.91%	10.44%	16.72%	22.89%	21.58%	14.24%
Operating Margin	10.55%	60.53%	2.19%	-114.48%	13.12%	3,004.55%	3.03%	10.08%	16.87%	15.91%	10.39%
EBIT Margin	11.01%	59.77%	5.14%	-114.63%	11.30%	2,962.50%	2.65%	9.46%	16.09%	15.54%	8.16%
Profit (Net Income) Margin	15.36%	178.20%	1.27%	-126.00%	0.35%	210.23%	-1.51%	5.35%	11.38%	12.95%	6.34%
Tax Burden Percent	146.90%	373.23%	43.86%	107.82%	4.10%	7.19%	-250.00%	69.03%	78.03%	70.95%	88.18%
Interest Burden Percent	94.96%	79.87%	56.44%	101.95%	75.78%	98.70%	22.86%	81.88%	90.65%	117.46%	88.00%
Effective Tax Rate	-34.51%	-230.71%	56.14%	0.00%	24.59%	-5.32%	150.00%	30.97%	19.28%	13.85%	-2.73%
Return on Invested Capital (ROIC)	8.16%	101.54%	0.68%	-67.03%	9.33%	2,242.00%	-0.85%	4.65%	10.01%	10.81%	8.44%
ROIC Less NNEP Spread (ROIC-NNEP)	47.71%	106.71%	1.42%	-179.52%	522.60%	2,470.45%	-0.85%	2.13%	-11.81%	19.45%	-72.95%
Return on Net Nonoperating Assets (RNNOA)	0.14%	-11.90%	0.12%	-17.32%	-1.56%	-314.10%	-0.09%	0.27%	-0.24%	-0.36%	-0.77%
Return on Equity (ROE)	8.30%	89.64%	0.79%	-84.35%	7.76%	1,927.90%	-0.93%	4.91%	9.77%	10.45%	7.67%
Cash Return on Invested Capital (CROIC)	11.72%	28.29%	-13.01%	-9.48%	3.27%	12.16%	48.19%	25.15%	11.33%	7.30%	6.19%
Operating Return on Assets (OROA)	5.27%	20.63%	2.96%	-77.68%	7.99%	1,270.63%	1.13%	4.70%	8.17%	8.50%	4.66%
Return on Assets (ROA)	7.36%	61.51%	0.73%	-85.39%	0.25%	90.17%	-0.65%	2.66%	5.78%	7.08%	3.62%
Return on Common Equity (ROCE)	8.33%	90.00%	0.79%	-84.64%	7.80%	1,936.74%	-0.93%	4.91%	9.77%	10.45%	7.67%
Return on Equity Simple (ROE_SIMPLE)	-18.42%	0.00%	7.75%	-25.60%	-26.87%	0.00%	-32.06%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	15	53	1.89	-165	14	278	-2.00	10	21	22	16
NOPAT Margin	14.19%	200.17%	0.96%	-80.14%	9.90%	3,164.52%	-1.51%	6.95%	13.62%	13.70%	10.67%
Net Nonoperating Expense Percent (NNEP)	-39.55%	-5.17%	-0.75%	112.49%	-513.27%	-228.45%	0.00%	2.51%	21.82%	-8.64%	81.39%
Return On Investment Capital (ROIC_SIMPLE)	-	4.08%	-	-	-	29.05%	-0.21%	1.08%	2.24%	2.50%	1.79%
Cost of Revenue to Revenue	53.38%	3.01%	64.41%	62.29%	55.86%	-177.27%	59.68%	56.00%	54.28%	55.30%	56.11%
SG&A Expenses to Revenue	27.20%	98.12%	22.15%	20.89%	23.79%	245.45%	28.14%	24.61%	22.24%	22.01%	25.73%
R&D to Revenue	7.49%	-57.89%	10.49%	10.16%	7.16%	-138.64%	7.34%	6.85%	6.54%	6.47%	7.64%
Operating Expenses to Revenue	36.08%	36.84%	33.40%	152.19%	31.02%	-2,727.27%	37.29%	33.93%	28.84%	28.79%	33.38%
Earnings before Interest and Taxes (EBIT)	12	16	10	-236	16	261	3.50	14	25	25	13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	23	30	26	-220	32	272	14	24	35	35	22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.35	1.55	1.41	2.06	2.05	2.32	1.76	2.05	2.66	2.35	2.79
Price to Tangible Book Value (P/TBV)	2.99	2.71	4.68	5.44	4.63	5.34	4.01	4.69	5.95	5.01	5.85
Price to Revenue (P/Rev)	2.15	3.54	1.89	1.94	1.92	3.17	2.41	2.72	3.49	3.08	3.55
Price to Earnings (P/E)	0.00	22.33	18.14	0.00	0.00	0.00	0.00	61.79	48.01	41.29	39.01
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	4.48%	5.51%	0.00%	0.00%	0.00%	0.00%	1.62%	2.08%	2.42%	2.56%
Enterprise Value to Invested Capital (EV/IC)	1.37	2.22	1.35	1.86	2.15	2.33	1.75	2.04	2.65	2.39	2.78
Enterprise Value to Revenue (EV/Rev)	2.10	3.94	2.11	2.16	2.08	3.16	2.43	2.74	3.50	3.04	3.56
Enterprise Value to EBITDA (EV/EBITDA)	0.00	19.74	14.00	0.00	0.00	16.00	13.20	15.72	19.77	16.65	18.82
Enterprise Value to EBIT (EV/EBIT)	0.00	42.16	25.46	0.00	0.00	34.32	27.34	30.54	34.04	26.84	28.74
Enterprise Value to NOPAT (EV/NOPAT)	0.00	23.59	19.70	0.00	0.00	50.11	37.98	41.11	45.05	32.22	31.54
Enterprise Value to Operating Cash Flow (EV/OCF)	12.10	14.67	13.75	12.11	11.11	11.07	9.45	10.04	15.46	16.62	20.56
Enterprise Value to Free Cash Flow (EV/FCFF)	10.33	7.07	0.00	0.00	59.87	18.42	2.83	7.27	22.73	32.80	45.52
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.05	0.26	0.28	0.35	0.29	0.27	0.25	0.25	0.23	0.15	0.17
Long-Term Debt to Equity	0.05	0.22	0.24	0.28	0.23	0.18	0.16	0.16	0.14	0.15	0.17
Financial Leverage	0.00	-0.11	0.08	0.10	0.00	-0.13	0.10	0.12	0.02	-0.02	0.01
Leverage Ratio	1.20	1.31	1.33	1.35	1.33	1.44	1.44	1.51	1.48	1.42	1.40
Compound Leverage Factor	1.14	1.04	0.75	1.38	1.01	1.42	0.33	1.24	1.34	1.66	1.23
Debt to Total Capital	4.33%	20.78%	22.09%	25.75%	22.45%	21.13%	19.99%	20.30%	19.00%	12.81%	14.38%
Short-Term Debt to Total Capital	0.00%	3.61%	3.62%	4.81%	4.94%	7.15%	7.39%	7.58%	7.79%	0.00%	0.00%
Long-Term Debt to Total Capital	4.33%	17.17%	18.48%	20.94%	17.51%	13.98%	12.60%	12.71%	11.21%	12.81%	14.38%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	96.34%	79.85%	77.91%	74.25%	77.55%	78.87%	80.01%	79.70%	81.00%	87.19%	85.62%
Debt to EBITDA	-0.34	2.97	2.53	-1.95	-1.80	1.85	1.86	1.94	1.74	1.05	1.13
Net Debt to EBITDA	0.23	2.02	1.48	-1.33	-1.06	-0.04	0.10	0.10	0.07	-0.22	0.06
Long-Term Debt to EBITDA	-0.34	2.46	2.11	-1.59	-1.41	1.22	1.17	1.21	1.02	1.05	1.13
Debt to NOPAT	-0.36	3.55	3.56	-1.90	-1.70	5.80	5.34	5.06	3.95	2.04	1.89
Net Debt to NOPAT	0.24	2.41	2.08	-1.29	-1.00	-0.14	0.27	0.26	0.15	-0.42	0.10
Long-Term Debt to NOPAT	-0.36	2.94	2.97	-1.55	-1.33	3.84	3.37	3.17	2.33	2.04	1.89
Altman Z-Score	4.64	2.47	2.37	1.70	2.69	3.58	2.26	2.65	3.59	4.07	4.89
Noncontrolling Interest Sharing Ratio	-0.32%	-0.40%	-0.29%	-0.35%	-0.39%	-0.46%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.62	2.61	2.75	2.36	2.35	1.83	2.02	2.00	1.90	2.75	3.27
Quick Ratio	1.81	1.08	1.49	1.23	1.07	1.19	1.25	1.22	1.14	1.48	1.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	269	232	-223	-118	175	339	438	185	65	21	-4.97
Operating Cash Flow to CapEx	1,023.08%	1,208.00%	508.82%	778.13%	1,427.03%	1,912.12%	32.50%	713.73%	377.92%	271.90%	-6.48%
Free Cash Flow to Firm to Interest Expense	448.06	72.39	-50.62	-25.66	44.90	99.58	162.04	73.86	28.10	11.79	-3.31
Operating Cash Flow to Interest Expense	66.50	18.88	3.93	5.41	13.54	18.56	0.48	14.56	12.65	23.11	-0.47
Operating Cash Flow Less CapEx to Interest Expense	60.00	17.31	3.16	4.72	12.59	17.59	-1.00	12.52	9.30	14.61	-7.67
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.48	0.35	0.57	0.68	0.71	0.43	0.43	0.50	0.51	0.55	0.57
Accounts Receivable Turnover	5.07	4.05	6.41	6.28	7.41	5.66	4.65	4.75	5.37	5.71	5.68
Inventory Turnover	1.97	1.71	2.28	2.59	3.34	2.60	1.96	2.08	2.61	2.75	2.66
Fixed Asset Turnover	4.06	3.00	4.74	5.16	5.96	4.05	3.74	3.93	4.32	4.39	4.49
Accounts Payable Turnover	6.75	6.55	6.79	9.79	11.94	6.75	5.91	7.05	8.63	6.57	8.09
Days Sales Outstanding (DSO)	72.06	90.05	56.98	58.13	49.28	64.53	78.53	76.88	67.91	63.93	64.22
Days Inventory Outstanding (DIO)	185.04	213.88	159.88	141.01	109.22	140.30	185.89	175.69	139.62	132.84	137.40
Days Payable Outstanding (DPO)	54.04	55.76	53.75	37.28	30.58	54.06	61.73	51.78	42.31	55.52	45.10
Cash Conversion Cycle (CCC)	203.06	248.17	163.11	161.86	127.93	150.77	202.69	200.79	165.22	141.25	156.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	963	811	1,205	930	802	751	766	756	758	752	787
Invested Capital Turnover	0.58	0.51	0.70	0.84	0.94	0.71	0.56	0.67	0.74	0.79	0.79
Increase / (Decrease) in Invested Capital	-254	-178	225	-47	-161	-60	-440	-175	-44	1.00	21
Enterprise Value (EV)	1,320	1,800	1,624	1,726	1,727	1,750	1,342	1,542	2,009	1,801	2,187
Market Capitalization	1,350	1,617	1,453	1,549	1,594	1,755	1,332	1,533	2,002	1,825	2,181
Book Value per Share	$10.97	$11.55	$11.54	$8.39	$8.79	$8.58	$8.62	$8.58	$8.75	$9.11	$9.19
Tangible Book Value per Share	$4.95	$6.61	$3.46	$3.17	$3.90	$3.73	$3.79	$3.76	$3.92	$4.28	$4.39
Total Capital	1,038	1,305	1,327	1,014	1,002	959	945	936	928	890	911
Total Debt	45	271	293	261	225	203	189	190	176	114	131
Total Long-Term Debt	45	224	245	212	176	134	119	119	104	114	131
Net Debt	-30	184	171	177	132	-4.80	9.70	9.60	6.60	-24	6.60
Capital Expenditures (CapEx)	3.90	5.00	3.40	3.20	3.70	3.30	4.00	5.10	7.70	15	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	206	224	224	209	207	102	138	135	138	131	166
Debt-free Net Working Capital (DFNWC)	281	311	346	293	300	232	240	239	231	186	207
Net Working Capital (NWC)	281	264	298	244	250	164	170	168	158	186	207
Net Nonoperating Expense (NNE)	-1.27	5.84	-0.61	94	14	260	0.00	2.35	3.43	1.23	6.63
Net Nonoperating Obligations (NNO)	-30	-223	171	177	25	-4.80	9.70	9.60	6.60	-24	6.60
Total Depreciation and Amortization (D&A)	11	14	16	16	15	11	10	11	10	9.80	9.30
Debt-free, Cash-free Net Working Capital to Revenue	32.79%	49.04%	29.04%	26.18%	24.88%	18.46%	25.02%	24.05%	24.06%	22.13%	26.95%
Debt-free Net Working Capital to Revenue	44.76%	68.15%	44.90%	36.71%	36.01%	41.97%	43.46%	42.37%	40.19%	31.27%	33.63%
Net Working Capital to Revenue	44.76%	57.84%	38.66%	30.59%	30.06%	29.59%	30.83%	29.76%	27.59%	31.27%	33.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.18	$0.53	$0.03	($2.90)	$0.01	$0.19	($0.02)	$0.09	$0.20	$0.24	$0.11
Adjusted Weighted Average Basic Shares Outstanding	90.80M	90.90M	89.60M	89.40M	88.70M	88.90M	87.80M	86.90M	85.80M	86.40M	85.40M
Adjusted Diluted Earnings per Share	$0.18	$0.52	$0.03	($2.90)	$0.01	$0.22	($0.02)	$0.09	$0.20	$0.23	$0.11
Adjusted Weighted Average Diluted Shares Outstanding	91.40M	91.60M	90.50M	89.40M	89.70M	90.10M	87.80M	87.60M	87.30M	88M	87.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	90.26M	89.63M	89.74M	88.43M	88.07M	87.66M	86.98M	85.89M	85.15M	84.91M	85.56M
Normalized Net Operating Profit after Tax (NOPAT)	9.03	11	4.06	9.59	14	185	4.48	13	21	23	11
Normalized NOPAT Margin	8.35%	40.00%	2.07%	4.66%	9.95%	2,103.18%	3.39%	8.66%	13.67%	13.97%	7.27%
Pre Tax Income Margin	10.45%	47.74%	2.90%	-116.86%	8.56%	2,923.86%	0.61%	7.75%	14.58%	18.25%	7.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	19.83	4.97	2.30	-51.28	4.13	76.68	1.30	5.52	10.70	14.00	8.33
NOPAT to Interest Expense	25.56	16.64	0.43	-35.85	3.62	81.91	-0.74	4.06	9.05	12.35	10.89
EBIT Less CapEx to Interest Expense	13.33	3.41	1.52	-51.98	3.18	75.71	-0.19	3.48	7.35	5.50	1.13
NOPAT Less CapEx to Interest Expense	19.06	15.08	-0.34	-36.55	2.67	80.93	-2.22	2.02	5.71	3.85	3.69
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-15.03%	65.61%	49.94%	-31.12%	-23.70%	-22.58%	-24.23%	256.85%	189.93%	147.06%	120.75%

Financials Breakdown Chart

Key Financial Trends

Knowles Corp (NYSE: KN) finished calendar 2025 with stronger revenue, improving margins, and stronger cash flow versus earlier in the year. In Q4 2025, the company generated $162.2 million in operating revenue and reported a consolidated net income of $21.0 million for common shareholders, with diluted earnings per share of $0.23–$0.24. Operating cash flow remained robust into the year-end, helping to support the balance sheet.

Revenue growth in 2025: Quarterly revenue moved from about $132.2 million in Q1 2025 up to $162.2 million in Q4 2025, reflecting a meaningful year-over-year improvement as the year progressed.
Gross margin stability/expansion: Q4 2025 gross margin was about 44.7%, up from earlier quarters (roughly mid-40s), indicating improved efficiency in cost of goods sold relative to sales.
Net income to common shareholders turns positive: In Q4 2025, net income attributable to common shareholders was $21.0 million, with diluted EPS of $0.23–$0.24, marking a return to profitability at the bottom line.
Solid cash flow from operations: Net cash from continuing operating activities was $41.6 million in Q4 2025 (and $29.1 million in Q3 2025), underscoring strong cash generation from core business activity.
Free cash flow potential: With roughly $15.3 million spent on property, plant & equipment in Q4 2025, the quarterly operating cash flow suggests positive free cash flow generation when annual capex is considered, supporting liquidity and potential for shareholder-friendly actions.
Discontinued operations noted: The company reported a small discontinued-op operations charge in Q4 2025, but ongoing operations remained profitable, which is a neutral-to-positive dynamic for long-term visibility.
Debt and leverage commentary: While long-term debt remains in the low-to-mid $100 millions range and total liabilities are higher, liquidity remains buoyed by a solid cash balance and healthy operating cash flow. However, debt levels and interest costs are still a point to watch as the business scales.

Additional context from the four most recent quarters shows the following trends:

Cash and equivalents hovered around the $90–105 million range during 2025, supporting liquidity against near-term obligations and ongoing capital investments.
Operating expenses (SG&A plus R&D) remained a meaningful portion of revenue, contributing to a mid-teens to low-20s percentage of revenue in several quarters. This suggests potential for margin improvement as revenue scales or cost-efficiency measures take hold.
Capital deployment included modest PPE purchases and occasional debt issuance, consistent with ongoing investment in capacity and balance-sheet management.

In summary, KN appears to be traversing a path from a challenging start in the year toward more consistent profitability in late 2025, supported by stronger revenue, improving gross margins, and solid cash generation. For retail investors, the key takeaway is improved quarterly profitability and robust operating cash flow in the latest quarter, with ongoing attention to margin discipline and debt levels as the business scales.

05/14/26 06:33 PM ETAI Generated. May Contain Errors.

Knowles Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Knowles' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Knowles' net income appears to be on an upward trend, with a most recent value of $44.20 million in 2025, falling from -$233.80 million in 2015. The previous period was -$237.80 million in 2024. View Knowles' forecast to see where analysts expect Knowles to go next.

Knowles' total operating income in 2025 was $70.30 million, based on the following breakdown:

Total Gross Profit: $256.30 million
Total Operating Expenses: $189.60 million

Over the last 10 years, Knowles' total revenue changed from $753.60 million in 2015 to $593.20 million in 2025, a change of -21.3%.

Knowles' total liabilities were at $275.30 million at the end of 2025, a 24.0% decrease from 2024, and a 60.1% decrease since 2015.

In the past 10 years, Knowles' cash and equivalents has ranged from $48.20 million in 2022 to $147.80 million in 2020, and is currently $54.20 million as of their latest financial filing in 2025.

Over the last 10 years, Knowles' book value per share changed from 11.38 in 2015 to 9.11 in 2025, a change of -20.0%.

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Financial statements for NYSE:KN last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Knowles (KN) Financials

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