Knife River (KNF) Financials

$94.29 +0.17 (+0.18%)

Closing price 03:59 PM Eastern

Extended Trading

$94.13 -0.16 (-0.17%)

As of 04:45 PM Eastern

Annual Income Statements for Knife River

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

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Net Income / (Loss) Attributable to Common Shareholders	202	183	116	130
Consolidated Net Income / (Loss)	202	183	116	130
Net Income / (Loss) Continuing Operations	202	183	116	130
Total Pre-Tax Income	271	245	159	173
Total Operating Income	316	296	194	191
Total Gross Profit	570	539	361	347
Total Revenue	2,899	2,830	2,535	2,229
Total Cost of Revenue	2,329	2,291	2,174	1,882
Total Operating Expenses	254	243	167	156
Selling, General & Admin Expense	254	243	167	156
Total Other Income / (Expense), net	-45	-51	-35	-18
Interest Expense	55	58	30	19
Other Income / (Expense), net	10	7.01	-5.35	1.36
Income Tax Expense	69	62	43	43
Basic Earnings per Share	$3.56	$3.23	$2.05	$2.29
Weighted Average Basic Shares Outstanding	56.61M	56.57M	56.57M	56.57M
Diluted Earnings per Share	$3.55	$3.23	$2.05	$2.29
Weighted Average Diluted Shares Outstanding	56.84M	56.67M	56.57M	56.57M
Weighted Average Basic & Diluted Shares Outstanding	56.61M	56.58M	-	-

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-69	23	148	78	-48	21	147	57	-41	-	100
Consolidated Net Income / (Loss)	-69	23	148	78	-48	21	147	57	-41	-	100
Net Income / (Loss) Continuing Operations	-69	23	148	78	-48	21	147	57	-41	-	100
Total Pre-Tax Income	-93	33	198	104	-64	27	195	77	-53	-	133
Total Operating Income	-83	44	209	117	-54	37	210	94	-45	-	143
Total Gross Profit	-9.60	114	273	176	6.49	112	269	153	4.10	-	184
Total Revenue	353	657	1,105	807	330	647	1,090	785	308	-	975
Total Cost of Revenue	363	543	832	631	323	534	821	632	304	-	791
Total Operating Expenses	73	70	64	59	60	75	59	59	49	-	42
Selling, General & Admin Expense	73	70	64	59	60	75	59	59	49	-	42
Total Other Income / (Expense), net	-11	-11	-11	-13	-10	-10	-15	-17	-8.67	-	-10
Interest Expense	15	13	14	14	14	14	15	19	9.50	-	8.82
Other Income / (Expense), net	4.57	2.50	2.49	1.30	3.75	3.70	0.01	2.48	0.83	-	-1.28
Income Tax Expense	-25	9.87	50	26	-16	6.11	48	20	-12	-	33
Basic Earnings per Share	($1.21)	$0.40	$2.62	$1.38	($0.84)	$0.37	$2.59	$1.00	($0.73)	-	$1.76
Weighted Average Basic Shares Outstanding	56.63M	56.61M	56.61M	56.61M	56.59M	56.57M	56.57M	56.57M	56.57M	56.57M	56.57M
Diluted Earnings per Share	($1.21)	$0.42	$2.60	$1.37	($0.84)	$0.38	$2.58	$1.00	($0.73)	-	$1.76
Weighted Average Diluted Shares Outstanding	56.63M	56.84M	56.87M	56.81M	56.59M	56.67M	56.74M	56.60M	56.57M	56.57M	56.57M
Weighted Average Basic & Diluted Shares Outstanding	56.65M	56.61M	56.61M	56.61M	56.61M	56.58M	56.57M	-	-	0.00	-

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

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Net Change in Cash & Equivalents	19	252	-3.76	6.78
Net Cash From Operating Activities	322	336	207	181
Net Cash From Continuing Operating Activities	322	336	207	181
Net Income / (Loss) Continuing Operations	202	183	116	130
Consolidated Net Income / (Loss)	202	183	116	130
Depreciation Expense	137	124	118	101
Amortization Expense	2.76	3.12	0.48	0.40
Non-Cash Adjustments To Reconcile Net Income	-4.51	1.80	-8.44	-6.04
Changes in Operating Assets and Liabilities, net	-14	24	-19	-44
Net Cash From Investing Activities	-295	-118	-156	-398
Net Cash From Continuing Investing Activities	-295	-118	-156	-398
Purchase of Property, Plant & Equipment	-172	-124	-178	-174
Acquisitions	-131	0.00	1.75	-235
Sale of Property, Plant & Equipment	12	8.28	23	12
Sale and/or Maturity of Investments	-3.39	-1.89	-2.34	-0.84
Net Cash From Financing Activities	-8.71	34	-55	224
Net Cash From Continuing Financing Activities	-8.71	34	-55	224
Repayment of Debt	-7.04	185	-0.11	282
Issuance of Debt	0.00	700	0.00	0.00
Other Financing Activities, net	-1.67	-851	-55	-58

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-143	14	210	-113	-92	146	48	61	-2.87	-8.94	-
Net Cash From Operating Activities	-125	172	240	-47	-43	183	223	8.90	-79	168	-
Net Cash From Continuing Operating Activities	-125	172	240	-47	-43	183	223	8.90	-79	168	-
Net Income / (Loss) Continuing Operations	-69	23	148	78	-48	21	147	57	-41	18	-
Consolidated Net Income / (Loss)	-69	23	148	78	-48	21	147	57	-41	18	-
Depreciation Expense	39	35	35	35	32	31	32	31	30	29	-
Amortization Expense	0.79	0.69	0.69	0.69	0.69	0.69	0.37	1.93	0.13	0.13	-
Non-Cash Adjustments To Reconcile Net Income	-1.91	-0.06	-1.51	-2.46	-0.48	3.50	0.96	0.04	-2.69	-9.21	-
Changes in Operating Assets and Liabilities, net	-94	113	58	-157	-28	127	44	-81	-65	130	-
Net Cash From Investing Activities	-504	-157	-28	-65	-45	-35	-19	-23	-41	-38	-
Net Cash From Continuing Investing Activities	-504	-157	-28	-65	-45	-35	-19	-23	-41	-38	-
Purchase of Property, Plant & Equipment	-75	-45	-24	-60	-44	-38	-20	-24	-42	-56	-
Acquisitions	-443	-116	-4.80	-	-	-	-	-	-	1.30	-
Purchase of Investments	-2.76	-	-	-	-	-	-	-	-	-	-
Sale of Property, Plant & Equipment	18	4.39	0.84	5.14	1.63	3.06	1.11	0.90	3.22	17	-
Net Cash From Financing Activities	486	-1.77	-1.77	-1.79	-3.38	-1.74	-157	76	117	-139	-
Net Cash From Continuing Financing Activities	486	-1.77	-1.77	-1.79	-3.38	-1.74	-157	76	117	-139	-
Repayment of Debt	-11	-1.77	-1.77	-1.77	-1.74	-1.76	-1.76	189	-0.09	-126	-
Issuance of Debt	500	-	-	-	-	-	-155	723	132	-	-
Other Financing Activities, net	-2.65	-	-	-0.03	-1.65	-	-	-836	-14	-13	-

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	2,851	2,600	2,294
Total Current Assets	988	914	609
Cash & Equivalents	281	262	10
Accounts Receivable	267	267	210
Inventories, net	380	320	323
Other Current Assets	59	65	65
Plant, Property, & Equipment, net	1,442	1,315	1,315
Total Noncurrent Assets	422	371	371
Goodwill	297	274	275
Intangible Assets	29	11	13
Other Noncurrent Operating Assets	95	86	83
Total Liabilities & Shareholders' Equity	2,851	2,600	2,294
Total Liabilities	1,375	1,334	1,266
Total Current Liabilities	370	347	517
Short-Term Debt	10	7.08	238
Accounts Payable	141	108	87
Current Deferred Revenue	42	51	40
Current Deferred & Payable Income Tax Liabilities	8.29	9.30	-
Current Employee Benefit Liabilities	51	48	29
Other Current Liabilities	112	117	122
Other Current Nonoperating Liabilities	5.54	7.25	-
Total Noncurrent Liabilities	1,005	987	749
Long-Term Debt	667	675	447
Noncurrent Deferred & Payable Income Tax Liabilities	175	175	176
Other Noncurrent Operating Liabilities	163	137	126
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,476	1,266	1,029
Total Preferred & Common Equity	1,476	1,266	1,029
Total Common Equity	1,476	1,266	1,029
Common Stock	621	615	550
Retained Earnings	868	666	495
Treasury Stock	-3.63	-3.63	0.00
Accumulated Other Comprehensive Income / (Loss)	-9.30	-11	-12

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

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023
Total Assets	3,281	2,884	2,683	2,514	2,681	2,643	2,327
Total Current Assets	947	1,160	950	818	1,011	958	639
Cash & Equivalents	138	267	57	171	116	68	7.22
Accounts Receivable	238	449	423	184	492	419	175
Inventories, net	467	347	385	376	315	374	373
Other Current Assets	103	96	84	88	89	97	84
Plant, Property, & Equipment, net	1,744	1,346	1,355	1,321	1,300	1,311	1,317
Total Noncurrent Assets	590	378	378	375	370	373	370
Goodwill	450	275	275	274	274	274	275
Intangible Assets	42	9.85	10	10	11	12	13
Other Noncurrent Operating Assets	99	93	92	91	84	87	83
Total Liabilities & Shareholders' Equity	3,281	2,884	2,683	2,514	2,681	2,643	2,327
Total Liabilities	1,873	1,435	1,384	1,295	1,438	1,548	1,352
Total Current Liabilities	322	426	378	297	425	384	473
Short-Term Debt	12	8.79	7.07	7.07	7.08	7.08	238
Accounts Payable	112	181	164	97	149	175	80
Current Deferred Revenue	42	45	45	51	59	45	37
Current Deferred & Payable Income Tax Liabilities	14	16	16	-	53	30	-
Current Employee Benefit Liabilities	19	42	29	18	38	26	14
Other Current Liabilities	107	120	110	109	103	94	103
Other Current Nonoperating Liabilities	16	14	7.17	15	16	7.91	0.00
Total Noncurrent Liabilities	1,551	1,009	1,006	998	1,013	1,164	879
Long-Term Debt	1,160	670	672	674	676	832	0.36
Noncurrent Deferred & Payable Income Tax Liabilities	222	188	179	174	174	171	175
Other Noncurrent Operating Liabilities	169	151	154	150	163	161	703
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,408	1,449	1,299	1,219	1,243	1,095	975
Total Preferred & Common Equity	1,408	1,449	1,299	1,219	1,243	1,095	975
Total Common Equity	1,408	1,449	1,299	1,219	1,243	1,095	975
Common Stock	622	619	617	615	614	612	549
Retained Earnings	799	844	696	618	645	499	442
Treasury Stock	-3.63	-3.63	-3.63	-3.63	-3.63	-3.63	0.00
Accumulated Other Comprehensive Income / (Loss)	-9.24	-11	-11	-11	-12	-12	-12

This table displays calculated financial ratios and metrics derived from Knife River's official financial filings.

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Growth Metrics	-	-	-	-
Revenue Growth	2.43%	11.66%	13.72%	0.00%
EBITDA Growth	8.26%	40.07%	4.57%	0.00%
EBIT Growth	7.53%	60.58%	-1.81%	0.00%
NOPAT Growth	6.50%	55.41%	-0.67%	0.00%
Net Income Growth	10.28%	57.35%	-10.43%	0.00%
EPS Growth	9.91%	57.56%	-10.48%	0.00%
Operating Cash Flow Growth	-3.99%	61.84%	14.46%	0.00%
Free Cash Flow Firm Growth	-78.42%	114.85%	0.00%	0.00%
Invested Capital Growth	10.95%	-0.65%	0.00%	0.00%
Revenue Q/Q Growth	0.36%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	2.13%	246.17%	0.00%	0.00%
EBIT Q/Q Growth	1.76%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	1.11%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	1.29%	0.00%	0.00%	0.00%
EPS Q/Q Growth	1.14%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-3.12%	4.60%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-72.90%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.22%	-7.29%	0.00%	0.00%
Profitability Metrics	-	-	-	-
Gross Margin	19.66%	19.04%	14.24%	15.57%
EBITDA Margin	16.07%	15.20%	12.12%	13.18%
Operating Margin	10.91%	10.47%	7.67%	8.57%
EBIT Margin	11.25%	10.72%	7.45%	8.63%
Profit (Net Income) Margin	6.96%	6.46%	4.59%	5.82%
Tax Burden Percent	74.42%	74.55%	73.18%	74.91%
Interest Burden Percent	83.07%	80.85%	84.06%	90.01%
Effective Tax Rate	25.58%	25.45%	26.82%	25.09%
Return on Invested Capital (ROIC)	13.18%	13.01%	16.69%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	5.06%	6.10%	9.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	1.53%	2.93%	5.91%	0.00%
Return on Equity (ROE)	14.71%	15.94%	22.60%	0.00%
Cash Return on Invested Capital (CROIC)	2.80%	13.66%	-183.31%	0.00%
Operating Return on Assets (OROA)	11.97%	12.40%	8.24%	0.00%
Return on Assets (ROA)	7.40%	7.47%	5.07%	0.00%
Return on Common Equity (ROCE)	14.71%	15.94%	22.60%	0.00%
Return on Equity Simple (ROE_SIMPLE)	13.66%	14.44%	11.30%	0.00%
Net Operating Profit after Tax (NOPAT)	235	221	142	143
NOPAT Margin	8.12%	7.81%	5.61%	6.42%
Net Nonoperating Expense Percent (NNEP)	8.12%	6.91%	7.69%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	10.93%	11.34%	8.30%	-
Cost of Revenue to Revenue	80.34%	80.96%	85.76%	84.43%
SG&A Expenses to Revenue	8.75%	8.57%	6.57%	6.99%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.75%	8.57%	6.57%	6.99%
Earnings before Interest and Taxes (EBIT)	326	303	189	192
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	466	430	307	294
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	3.90	2.96	0.00	0.00
Price to Tangible Book Value (P/TBV)	5.01	3.82	0.00	0.00
Price to Revenue (P/Rev)	1.98	1.32	0.00	0.00
Price to Earnings (P/E)	28.53	20.47	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.50%	4.89%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.28	2.46	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.12	1.47	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	13.20	9.67	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	18.85	13.72	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	26.14	18.84	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	19.08	12.40	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	122.90	17.95	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.46	0.54	0.67	0.00
Long-Term Debt to Equity	0.45	0.53	0.43	0.00
Financial Leverage	0.30	0.48	0.66	0.00
Leverage Ratio	1.99	2.13	2.23	0.00
Compound Leverage Factor	1.65	1.72	1.88	0.00
Debt to Total Capital	31.46%	35.00%	39.98%	0.00%
Short-Term Debt to Total Capital	0.49%	0.36%	13.90%	0.00%
Long-Term Debt to Total Capital	30.97%	34.64%	26.08%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	68.54%	65.00%	60.02%	0.00%
Debt to EBITDA	1.45	1.58	2.23	0.00
Net Debt to EBITDA	0.85	0.97	2.20	0.00
Long-Term Debt to EBITDA	1.43	1.57	1.45	0.00
Debt to NOPAT	2.88	3.09	4.82	0.00
Net Debt to NOPAT	1.68	1.90	4.75	0.00
Long-Term Debt to NOPAT	2.83	3.05	3.14	0.00
Altman Z-Score	4.59	3.78	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	2.67	2.63	1.18	0.00
Quick Ratio	1.48	1.52	0.43	0.00
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	50	232	-1,561	0.00
Operating Cash Flow to CapEx	200.91%	289.42%	133.59%	111.73%
Free Cash Flow to Firm to Interest Expense	0.91	3.99	-51.84	0.00
Operating Cash Flow to Interest Expense	5.83	5.78	6.89	9.43
Operating Cash Flow Less CapEx to Interest Expense	2.93	3.78	1.73	0.99
Efficiency Ratios	-	-	-	-
Asset Turnover	1.06	1.16	1.10	0.00
Accounts Receivable Turnover	10.86	11.87	12.06	0.00
Inventory Turnover	6.66	7.13	6.72	0.00
Fixed Asset Turnover	2.10	2.15	1.93	0.00
Accounts Payable Turnover	18.75	23.50	24.88	0.00
Days Sales Outstanding (DSO)	33.62	30.75	30.26	0.00
Days Inventory Outstanding (DIO)	54.84	51.20	54.28	0.00
Days Payable Outstanding (DPO)	19.47	15.53	14.67	0.00
Cash Conversion Cycle (CCC)	68.99	66.42	69.87	0.00
Capital & Investment Metrics	-	-	-	-
Invested Capital	1,878	1,693	1,704	0.00
Invested Capital Turnover	1.62	1.67	2.98	0.00
Increase / (Decrease) in Invested Capital	185	-11	1,704	0.00
Enterprise Value (EV)	6,150	4,163	0.00	0.00
Market Capitalization	5,754	3,744	0.00	0.00
Book Value per Share	$26.07	$22.38	$18.18	$0.00
Tangible Book Value per Share	$20.30	$17.34	$13.09	$0.00
Total Capital	2,153	1,948	1,714	0.00
Total Debt	677	682	685	0.00
Total Long-Term Debt	667	675	447	0.00
Net Debt	396	419	675	0.00
Capital Expenditures (CapEx)	160	116	155	162
Debt-free, Cash-free Net Working Capital (DFCFNWC)	347	311	320	0.00
Debt-free Net Working Capital (DFNWC)	628	573	330	0.00
Net Working Capital (NWC)	618	566	92	0.00
Net Nonoperating Expense (NNE)	34	38	26	13
Net Nonoperating Obligations (NNO)	402	427	675	0.00
Total Depreciation and Amortization (D&A)	140	127	118	101
Debt-free, Cash-free Net Working Capital to Revenue	11.97%	10.99%	12.62%	0.00%
Debt-free Net Working Capital to Revenue	21.67%	20.26%	13.01%	0.00%
Net Working Capital to Revenue	21.30%	20.01%	3.62%	0.00%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$3.56	$3.23	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	56.61M	56.57M	0.00	0.00
Adjusted Diluted Earnings per Share	$3.55	$3.23	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	56.84M	56.67M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	56.61M	56.58M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	235	221	142	143
Normalized NOPAT Margin	8.12%	7.81%	5.61%	6.42%
Pre Tax Income Margin	9.35%	8.67%	6.27%	7.77%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	5.91	5.22	6.27	10.01
NOPAT to Interest Expense	4.26	3.80	4.72	7.45
EBIT Less CapEx to Interest Expense	3.00	3.23	1.12	1.57
NOPAT Less CapEx to Interest Expense	1.36	1.81	-0.44	-0.99
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Knife River's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.25%	1.60%	1.37%	2.77%	7.04%	0.00%	11.78%	0.00%	0.00%	0.00%	0.00%
EBITDA Growth	-125.68%	13.30%	1.97%	18.74%	-22.18%	148.12%	71.10%	0.00%	0.00%	0.00%	0.00%
EBIT Growth	-56.24%	13.79%	0.66%	22.95%	-14.27%	0.00%	48.43%	0.00%	0.00%	0.00%	0.00%
NOPAT Growth	-53.84%	7.64%	-0.96%	26.33%	-20.56%	0.00%	47.54%	0.00%	0.00%	0.00%	0.00%
Net Income Growth	-44.26%	12.43%	0.99%	37.11%	-15.27%	0.00%	47.16%	0.00%	0.00%	0.00%	0.00%
EPS Growth	-44.05%	10.53%	0.78%	37.00%	-15.07%	0.00%	46.59%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-189.93%	-5.67%	7.33%	-623.17%	45.50%	8.78%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Growth	-33.97%	-488.65%	106.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	40.89%	10.95%	2.63%	2.93%	44.60%	-0.65%	0.00%	0.00%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	-46.22%	-40.54%	36.98%	144.82%	-49.05%	-40.67%	38.87%	155.01%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	-146.66%	-66.58%	61.24%	997.47%	-123.43%	-69.92%	87.76%	1,023.50%	-147.58%	-79.26%	0.00%
EBIT Q/Q Growth	-267.78%	-78.01%	79.27%	336.20%	-222.19%	-80.54%	118.96%	319.52%	0.00%	-100.00%	0.00%
NOPAT Q/Q Growth	-287.11%	-80.27%	79.30%	332.35%	-230.92%	-81.84%	128.72%	321.74%	0.00%	-100.00%	0.00%
Net Income Q/Q Growth	-395.22%	-84.29%	90.05%	263.62%	-330.08%	-85.88%	158.03%	237.55%	0.00%	0.00%	0.00%
EPS Q/Q Growth	-388.10%	-83.85%	89.78%	263.10%	-321.05%	-85.27%	158.00%	236.99%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-172.65%	-28.05%	614.67%	-7.77%	-123.64%	-18.14%	2,408.76%	111.23%	-147.18%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-399.53%	-242.13%	233.75%	105.65%	-1,549.14%	102.38%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	30.85%	0.22%	-2.83%	10.56%	3.04%	-7.29%	-2.55%	55.32%	-29.20%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-2.71%	17.36%	24.70%	21.84%	1.97%	17.39%	24.71%	19.48%	1.33%	0.00%	18.91%
EBITDA Margin	-10.90%	12.57%	22.36%	18.99%	-5.18%	11.27%	22.23%	16.44%	-4.54%	0.00%	14.52%
Operating Margin	-23.38%	6.70%	18.92%	14.47%	-16.30%	5.75%	19.28%	11.91%	-14.47%	0.00%	14.65%
EBIT Margin	-22.09%	7.08%	19.15%	14.63%	-15.16%	6.32%	19.28%	12.23%	-14.20%	0.00%	14.52%
Profit (Net Income) Margin	-19.44%	3.54%	13.40%	9.66%	-14.45%	3.20%	13.45%	7.24%	-13.42%	0.00%	10.22%
Tax Burden Percent	73.61%	70.21%	74.92%	74.85%	74.47%	77.21%	75.26%	73.95%	77.62%	0.00%	75.03%
Interest Burden Percent	119.55%	71.22%	93.41%	88.19%	127.96%	65.55%	92.70%	80.05%	121.71%	0.00%	93.78%
Effective Tax Rate	0.00%	29.79%	25.08%	25.15%	0.00%	22.79%	24.74%	26.05%	0.00%	0.00%	24.97%
Return on Invested Capital (ROIC)	-22.78%	7.64%	22.14%	16.37%	-22.06%	7.40%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-24.15%	5.79%	20.44%	15.03%	-24.71%	5.94%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-14.49%	1.75%	7.65%	8.84%	-8.53%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-37.26%	9.39%	29.79%	25.21%	-30.59%	10.26%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	-23.73%	2.80%	9.98%	9.44%	-21.81%	13.66%	0.00%	0.00%	0.00%	-91.65%	0.00%
Operating Return on Assets (OROA)	-22.29%	7.53%	19.88%	15.79%	-17.87%	7.31%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Assets (ROA)	-19.61%	3.77%	13.91%	10.42%	-17.03%	3.70%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Common Equity (ROCE)	-37.26%	9.39%	29.79%	25.21%	-30.59%	10.26%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	12.83%	0.00%	13.74%	15.22%	14.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-58	31	157	87	-38	29	158	69	-31	0.00	107
NOPAT Margin	-16.37%	4.70%	14.18%	10.83%	-11.41%	4.44%	14.51%	8.81%	-10.13%	0.00%	10.99%
Net Nonoperating Expense Percent (NNEP)	1.38%	1.85%	1.70%	1.34%	2.65%	1.46%	3.96%	1.58%	4.38%	0.00%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-2.24%	1.44%	-	-	-	1.47%	-	-	-	0.00%	-
Cost of Revenue to Revenue	102.71%	82.64%	75.30%	78.16%	98.03%	82.61%	75.29%	80.52%	98.67%	0.00%	81.09%
SG&A Expenses to Revenue	20.67%	10.66%	5.78%	7.37%	18.27%	11.63%	5.43%	7.57%	15.80%	0.00%	4.26%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.67%	10.66%	5.78%	7.37%	18.27%	11.63%	5.43%	7.57%	15.80%	0.00%	4.26%
Earnings before Interest and Taxes (EBIT)	-78	47	212	118	-50	41	210	96	-44	0.00	142
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-39	83	247	153	-17	73	242	129	-14	29	142
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.63	3.90	3.49	3.06	3.76	2.96	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	5.58	5.01	4.35	3.92	4.91	3.82	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.75	1.98	1.75	1.38	1.61	1.32	0.00	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	28.28	28.53	25.42	20.09	25.98	20.47	0.00	0.00	0.00	0.00	0.00
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	3.54%	3.50%	3.93%	4.98%	3.85%	4.89%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.50	3.28	2.92	2.38	2.92	2.46	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.10	2.12	1.89	1.60	1.79	1.47	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	13.82	13.20	11.99	10.17	11.93	9.67	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	20.60	18.85	17.07	14.39	17.15	13.72	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	28.60	26.14	23.51	19.60	23.57	18.84	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	25.56	19.08	16.45	14.52	13.71	12.40	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	122.90	29.63	25.59	0.00	17.95	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.83	0.46	0.47	0.52	0.56	0.54	0.55	0.77	0.24	0.67	0.00
Long-Term Debt to Equity	0.82	0.45	0.46	0.52	0.55	0.53	0.54	0.76	0.00	0.43	0.00
Financial Leverage	0.60	0.30	0.37	0.59	0.35	0.48	0.47	0.71	0.24	0.66	0.00
Leverage Ratio	2.21	1.99	2.07	2.23	2.21	2.13	2.16	2.41	2.39	2.23	0.00
Compound Leverage Factor	2.64	1.42	1.93	1.96	2.82	1.40	2.00	1.93	2.91	0.00	0.00
Debt to Total Capital	45.44%	31.46%	31.89%	34.35%	35.84%	35.00%	35.45%	43.39%	19.66%	39.98%	0.00%
Short-Term Debt to Total Capital	0.46%	0.49%	0.41%	0.36%	0.37%	0.36%	0.37%	0.37%	19.63%	13.90%	0.00%
Long-Term Debt to Total Capital	44.98%	30.97%	31.48%	33.99%	35.46%	34.64%	35.09%	43.02%	0.03%	26.08%	0.00%
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	54.56%	68.54%	68.11%	65.65%	64.16%	65.00%	64.55%	56.61%	80.34%	60.02%	0.00%
Debt to EBITDA	2.64	1.45	1.49	1.51	1.59	1.58	5.49	0.00	0.00	2.23	0.00
Net Debt to EBITDA	2.33	0.85	0.90	1.38	1.19	0.97	4.56	0.00	0.00	2.20	0.00
Long-Term Debt to EBITDA	2.61	1.43	1.47	1.49	1.58	1.57	5.44	0.00	0.00	1.45	0.00
Debt to NOPAT	5.46	2.88	2.92	2.90	3.15	3.09	0.00	0.00	0.00	4.82	0.00
Net Debt to NOPAT	4.81	1.68	1.77	2.66	2.36	1.90	0.00	0.00	0.00	4.75	0.00
Long-Term Debt to NOPAT	5.40	2.83	2.88	2.87	3.12	3.05	0.00	0.00	0.00	3.14	0.00
Altman Z-Score	3.02	4.27	4.07	3.56	3.79	3.44	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.94	2.67	2.72	2.51	2.75	2.63	2.38	2.49	1.35	1.18	0.00
Quick Ratio	1.17	1.48	1.68	1.27	1.19	1.52	1.43	1.27	0.38	0.43	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-771	-154	109	33	-576	40	-1,667	0.00	0.00	0.00	0.00
Operating Cash Flow to CapEx	-218.12%	421.86%	1,055.89%	-84.98%	-102.73%	525.65%	1,190.20%	38.25%	-202.30%	429.12%	0.00%
Free Cash Flow to Firm to Interest Expense	-50.52	-11.52	7.79	2.34	-41.18	2.82	-108.60	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-8.21	12.87	17.20	-3.34	-3.09	12.97	14.54	0.46	-8.35	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-11.97	9.82	15.57	-7.27	-6.10	10.50	13.32	-0.75	-12.48	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.01	1.06	1.04	1.08	1.18	1.16	0.00	0.00	0.00	1.10	0.00
Accounts Receivable Turnover	13.86	10.86	6.14	6.83	15.92	11.87	0.00	0.00	0.00	12.06	0.00
Inventory Turnover	5.62	6.66	7.01	6.08	6.17	7.13	0.00	0.00	0.00	6.72	0.00
Fixed Asset Turnover	1.91	2.10	2.18	2.16	2.16	2.15	0.00	0.00	0.00	1.93	0.00
Accounts Payable Turnover	22.63	18.75	14.08	13.63	26.00	23.50	0.00	0.00	0.00	24.88	0.00
Days Sales Outstanding (DSO)	26.33	33.62	59.45	53.44	22.93	30.75	0.00	0.00	0.00	30.26	0.00
Days Inventory Outstanding (DIO)	64.93	54.84	52.07	60.05	59.16	51.20	0.00	0.00	0.00	54.28	0.00
Days Payable Outstanding (DPO)	16.13	19.47	25.92	26.78	14.04	15.53	0.00	0.00	0.00	14.67	0.00
Cash Conversion Cycle (CCC)	75.13	68.99	85.60	86.71	68.04	66.42	0.00	0.00	0.00	69.87	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,457	1,878	1,874	1,928	1,744	1,693	1,826	1,873	1,206	1,704	0.00
Invested Capital Turnover	1.39	1.62	1.56	1.51	1.93	1.67	0.00	0.00	0.00	1.49	0.00
Increase / (Decrease) in Invested Capital	713	185	48	55	538	-11	1,826	0.00	0.00	0.00	0.00
Enterprise Value (EV)	6,141	6,150	5,472	4,593	5,096	4,163	0.00	0.00	0.00	0.00	0.00
Market Capitalization	5,107	5,754	5,061	3,971	4,586	3,744	0.00	0.00	0.00	0.00	0.00
Book Value per Share	$24.86	$26.07	$25.59	$22.94	$21.53	$22.38	$21.97	$19.36	$17.23	$18.18	$0.00
Tangible Book Value per Share	$16.18	$20.30	$20.56	$17.90	$16.50	$17.34	$16.92	$14.29	$12.15	$13.09	$0.00
Total Capital	2,580	2,153	2,127	1,978	1,899	1,948	1,926	1,934	1,213	1,714	0.00
Total Debt	1,172	677	678	680	681	682	683	839	239	685	0.00
Total Long-Term Debt	1,160	667	670	672	674	675	676	832	0.36	447	0.00
Net Debt	1,034	396	411	622	510	419	567	771	231	675	0.00
Capital Expenditures (CapEx)	57	41	23	55	42	35	19	23	39	39	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	498	347	475	521	357	311	477	513	397	320	0.00
Debt-free Net Working Capital (DFNWC)	636	628	742	578	528	573	593	581	404	330	0.00
Net Working Capital (NWC)	625	618	734	571	521	566	586	574	166	92	0.00
Net Nonoperating Expense (NNE)	11	7.65	8.58	9.46	10	8.03	12	12	10	0.00	7.57
Net Nonoperating Obligations (NNO)	1,050	402	425	630	525	427	583	779	231	675	0.00
Total Depreciation and Amortization (D&A)	40	36	35	35	33	32	32	33	30	29	0.00
Debt-free, Cash-free Net Working Capital to Revenue	17.04%	11.97%	16.44%	18.14%	12.52%	10.99%	0.00%	0.00%	0.00%	12.62%	0.00%
Debt-free Net Working Capital to Revenue	21.77%	21.67%	25.70%	20.13%	18.50%	20.26%	0.00%	0.00%	0.00%	13.01%	0.00%
Net Working Capital to Revenue	21.37%	21.30%	25.39%	19.88%	18.25%	20.01%	0.00%	0.00%	0.00%	3.62%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.21)	$0.40	$2.62	$1.38	($0.84)	$0.37	$2.59	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	56.63M	56.61M	56.61M	56.61M	56.59M	56.57M	56.57M	0.00	0.00	56.57M	0.00
Adjusted Diluted Earnings per Share	($1.21)	$0.42	$2.60	$1.37	($0.84)	$0.38	$2.58	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	56.63M	56.84M	56.87M	56.81M	56.59M	56.67M	56.74M	0.00	0.00	56.57M	0.00
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	56.65M	56.61M	56.61M	56.61M	56.61M	56.58M	56.57M	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-58	31	157	87	-38	29	158	69	-31	0.00	107
Normalized NOPAT Margin	-16.37%	4.70%	14.18%	10.83%	-11.41%	4.44%	14.51%	8.81%	-10.13%	0.00%	10.99%
Pre Tax Income Margin	-26.41%	5.04%	17.89%	12.90%	-19.40%	4.14%	17.87%	9.79%	-17.29%	0.00%	13.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-5.12	3.47	15.19	8.47	-3.58	2.90	13.69	5.01	-4.61	0.00	16.06
NOPAT to Interest Expense	-3.79	2.31	11.24	6.27	-2.69	2.04	10.30	3.61	-3.29	0.00	12.16
EBIT Less CapEx to Interest Expense	-8.88	0.42	13.56	4.54	-6.59	0.43	12.47	3.80	-8.73	0.00	16.06
NOPAT Less CapEx to Interest Expense	-7.55	-0.74	9.61	2.34	-5.70	-0.43	9.08	2.40	-7.41	0.00	12.16
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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Knife River's Financials

When does Knife River's financial year end?

According to the most recent income statement we have on file, Knife River's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Knife River's net income changed over the last 3 years?

Knife River's net income appears to be on an upward trend, with a most recent value of $201.68 million in 2024, rising from $129.76 million in 2021. The previous period was $182.87 million in 2023. See Knife River's forecast for analyst expectations on what’s next for the company.

What is Knife River's operating income?

Knife River's total operating income in 2024 was $316.19 million, based on the following breakdown:

Total Gross Profit: $569.83 million
Total Operating Expenses: $253.64 million

How has Knife River revenue changed over the last 3 years?

Over the last 3 years, Knife River's total revenue changed from $2.23 billion in 2021 to $2.90 billion in 2024, a change of 30.1%.

How much debt does Knife River have?

Knife River's total liabilities were at $1.38 billion at the end of 2024, a 3.1% increase from 2023, and a 8.6% increase since 2022.

How much cash does Knife River have?

In the past 2 years, Knife River's cash and equivalents has ranged from $10.09 million in 2022 to $281.13 million in 2024, and is currently $281.13 million as of their latest financial filing in 2024.

How has Knife River's book value per share changed over the last 3 years?

Over the last 3 years, Knife River's book value per share changed from 0.00 in 2021 to 26.07 in 2024, a change of 2,607.3%.

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This page (NYSE:KNF) was last updated on 5/30/2025 by MarketBeat.com Staff

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Knife River (KNF) Financials

Frequently Asked Questions About Knife River's Financials

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Frequently Asked Questions About Knife River's Financials

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