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Knife River (KNF) Financials

Knife River logo
$79.69 -2.72 (-3.30%)
Closing price 05/13/2026 03:59 PM Eastern
Extended Trading
$79.64 -0.04 (-0.05%)
As of 05/13/2026 07:31 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Knife River

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 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 130 116 183 202 157
Consolidated Net Income / (Loss)		 130 116 183 202 157
Net Income / (Loss) Continuing Operations		 130 116 183 202 157
Total Pre-Tax Income 		173 159 245 271 213
Total Operating Income		 191 194 296 316 286
Total Gross Profit		 347 361 539 570 577
Total Revenue		 2,229 2,535 2,830 2,899 3,146
Total Cost of Revenue		 1,882 2,174 2,291 2,329 2,569
Total Operating Expenses		 156 167 243 254 291
Selling, General & Admin Expense		 156 167 243 254 291
Total Other Income / (Expense), net		 -18 -35 -51 -45 -73
Interest Expense		 19 30 58 55 82
Other Income / (Expense), net		 1.36 -5.35 7.01 10 9.27
Income Tax Expense		 43 43 62 69 56
Basic Earnings per Share		 $2.29 $2.05 $3.23 $3.56 $2.77
Weighted Average Basic Shares Outstanding		 56.57M 56.57M 56.57M 56.61M 56.65M
Diluted Earnings per Share		 $2.29 $2.05 $3.23 $3.55 $2.76
Weighted Average Diluted Shares Outstanding		 56.57M 56.57M 56.67M 56.84M 56.90M
Weighted Average Basic & Diluted Shares Outstanding		 - - 56.58M 56.61M 56.66M

Quarterly Income Statements for Knife River

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 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		 147 21 -48 78 148 23 -69 51 143 32 -79
Consolidated Net Income / (Loss)		 147 21 -48 78 148 23 -69 51 143 32 -79
Net Income / (Loss) Continuing Operations		 147 21 -48 78 148 23 -69 51 143 32 -79
Total Pre-Tax Income 		195 27 -64 104 198 33 -93 68 193 45 -108
Total Operating Income		 210 37 -54 117 209 44 -83 88 215 65 -86
Total Gross Profit		 269 112 6.49 176 273 114 -9.60 157 284 145 -2.77
Total Revenue		 1,090 647 330 807 1,105 657 353 834 1,204 755 410
Total Cost of Revenue		 821 534 323 631 832 543 363 677 919 610 413
Total Operating Expenses		 59 75 60 59 64 70 73 69 69 80 83
Selling, General & Admin Expense		 59 75 60 59 64 70 73 69 69 80 83
Total Other Income / (Expense), net		 -15 -10 -10 -13 -11 -11 -11 -20 -22 -20 -21
Interest Expense		 15 14 14 14 14 13 15 22 23 21 21
Other Income / (Expense), net		 0.01 3.70 3.75 1.30 2.49 2.50 4.57 2.21 1.19 1.30 -0.63
Income Tax Expense		 48 6.11 -16 26 50 9.87 -25 17 50 13 -28
Basic Earnings per Share		 $2.59 $0.37 ($0.84) $1.38 $2.62 $0.40 ($1.21) $0.89 $2.53 $0.56 ($1.40)
Weighted Average Basic Shares Outstanding		 56.57M 56.57M 56.59M 56.61M 56.61M 56.61M 56.63M 56.66M 56.66M 56.65M 56.71M
Diluted Earnings per Share		 $2.58 $0.38 ($0.84) $1.37 $2.60 $0.42 ($1.21) $0.89 $2.52 $0.56 ($1.40)
Weighted Average Diluted Shares Outstanding		 56.74M 56.67M 56.59M 56.81M 56.87M 56.84M 56.63M 56.91M 56.88M 56.90M 56.71M
Weighted Average Basic & Diluted Shares Outstanding		 56.57M 56.58M 56.61M 56.61M 56.61M 56.61M 56.65M 56.66M 56.66M 56.66M 56.75M

Annual Cash Flow Statements for Knife River

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 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 6.78 -3.76 252 19 -158
Net Cash From Operating Activities		 181 207 336 322 278
Net Cash From Continuing Operating Activities		 181 207 336 322 278
Net Income / (Loss) Continuing Operations		 130 116 183 202 157
Consolidated Net Income / (Loss)		 130 116 183 202 157
Depreciation Expense		 101 118 124 137 194
Amortization Expense		 0.40 0.48 3.12 2.76 3.72
Non-Cash Adjustments To Reconcile Net Income		 -6.04 -8.44 1.80 -4.51 -14
Changes in Operating Assets and Liabilities, net		 -44 -19 24 -14 -62
Net Cash From Investing Activities		 -398 -156 -118 -295 -914
Net Cash From Continuing Investing Activities		 -398 -156 -118 -295 -914
Purchase of Property, Plant & Equipment		 -174 -178 -124 -172 -348
Acquisitions		 -235 1.75 0.00 -131 -610
Sale of Property, Plant & Equipment		 12 23 8.28 12 47
Sale and/or Maturity of Investments		 -0.84 -2.34 -1.89 -3.39 -3.10
Net Cash From Financing Activities		 224 -55 34 -8.71 477
Net Cash From Continuing Financing Activities		 224 -55 34 -8.71 477
Repayment of Debt		 282 -0.11 185 -7.04 -20
Issuance of Debt		 0.00 0.00 700 0.00 500
Other Financing Activities, net		 -58 -55 -851 -1.67 -2.65

Quarterly Cash Flow Statements for Knife River

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 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		 48 146 -92 -113 210 14 -143 -61 3.43 42 -48
Net Cash From Operating Activities		 223 183 -43 -47 240 172 -125 -43 250 196 -59
Net Cash From Continuing Operating Activities		 223 183 -43 -47 240 172 -125 -43 250 196 -59
Net Income / (Loss) Continuing Operations		 147 21 -48 78 148 23 -69 51 143 32 -79
Consolidated Net Income / (Loss)		 147 21 -48 78 148 23 -69 51 143 32 -79
Depreciation Expense		 32 31 32 35 35 35 39 50 53 51 52
Amortization Expense		 0.37 0.69 0.69 0.69 0.69 0.69 0.79 0.98 0.98 0.98 0.98
Non-Cash Adjustments To Reconcile Net Income		 0.96 3.50 -0.49 -2.46 -1.51 -0.06 -1.91 -9.09 -0.03 -2.98 2.70
Changes in Operating Assets and Liabilities, net		 44 127 -28 -157 58 113 -94 -135 53 115 -35
Net Cash From Investing Activities		 -19 -35 -45 -65 -28 -157 -504 -198 -81 -131 -251
Net Cash From Continuing Investing Activities		 -19 -35 -45 -65 -28 -157 -504 -198 -81 -131 -251
Purchase of Property, Plant & Equipment		 -20 -38 -44 -60 -24 -45 -75 -154 -62 -58 -77
Acquisitions		 - - 0.00 - -4.80 -116 -443 -58 -26 -82 -174
Purchase of Investments		 - - -3.01 - - - -2.76 - - - -2.61
Sale of Property, Plant & Equipment		 1.11 3.06 1.63 5.14 0.84 4.39 18 14 6.83 9.20 3.10
Net Cash From Financing Activities		 -157 -1.74 -3.38 -1.79 -1.77 -1.77 486 180 -166 -23 262
Net Cash From Continuing Financing Activities		 -157 -1.74 -3.38 -1.79 -1.77 -1.77 486 180 -166 -23 262
Repayment of Debt		 -1.76 -1.76 -1.74 -1.77 -1.77 -1.77 -11 -2.93 -2.93 -2.93 -2.93
Issuance of Debt		 -155 - 0.00 - - - 500 183 -163 -20 270
Other Financing Activities, net		 - - -1.65 -0.03 - - -2.65 - - - -5.43

Annual Balance Sheets for Knife River

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 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 2,294 2,600 2,851 3,650
Total Current Assets		 609 914 988 961
Cash & Equivalents		 10 262 281 123
Accounts Receivable		 210 267 267 278
Inventories, net		 323 320 380 436
Other Current Assets		 65 65 59 124
Plant, Property, & Equipment, net		 1,315 1,315 1,442 2,029
Total Noncurrent Assets		 371 371 422 660
Goodwill		 275 274 297 520
Intangible Assets		 13 11 29 33
Other Noncurrent Operating Assets		 83 86 95 108
Total Liabilities & Shareholders' Equity		 2,294 2,600 2,851 3,650
Total Liabilities		 1,266 1,334 1,375 2,009
Total Current Liabilities		 517 347 370 378
Short-Term Debt		 238 7.08 10 12
Accounts Payable		 87 108 141 146
Current Deferred Revenue		 40 51 42 34
Current Deferred & Payable Income Tax Liabilities		 - 9.30 8.29 11
Current Employee Benefit Liabilities		 29 48 51 44
Other Current Liabilities		 122 117 112 124
Other Current Nonoperating Liabilities		 - 7.25 5.54 7.35
Total Noncurrent Liabilities		 749 987 1,005 1,631
Long-Term Debt		 447 675 667 1,154
Noncurrent Deferred & Payable Income Tax Liabilities		 176 175 175 288
Other Noncurrent Operating Liabilities		 126 137 163 189
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,029 1,266 1,476 1,641
Total Preferred & Common Equity		 1,029 1,266 1,476 1,641
Total Common Equity		 1,029 1,266 1,476 1,641
Common Stock		 550 615 621 630
Retained Earnings		 495 666 868 1,025
Treasury Stock		 0.00 -3.63 -3.63 -3.63
Accumulated Other Comprehensive Income / (Loss)		 -12 -11 -9.30 -10

Quarterly Balance Sheets for Knife River

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 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 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		 2,327 2,643 2,681 2,514 2,683 2,884 3,281 3,631 3,703 3,818
Total Current Assets		 639 958 1,011 818 950 1,160 947 1,103 1,135 942
Cash & Equivalents		 7.22 68 116 171 57 267 138 78 81 75
Accounts Receivable		 175 419 492 184 423 449 238 428 517 227
Inventories, net		 373 374 315 376 385 347 467 480 437 481
Other Current Assets		 84 97 89 88 84 96 103 118 101 159
Plant, Property, & Equipment, net		 1,317 1,311 1,300 1,321 1,355 1,346 1,744 1,924 1,961 2,158
Total Noncurrent Assets		 370 373 370 375 378 378 590 604 607 717
Goodwill		 275 274 274 274 275 275 450 464 469 573
Intangible Assets		 13 12 11 10 10 9.85 42 38 33 38
Other Noncurrent Operating Assets		 83 87 84 91 92 93 99 102 104 106
Total Liabilities & Shareholders' Equity		 2,327 2,643 2,681 2,514 2,683 2,884 3,281 3,631 3,703 3,818
Total Liabilities		 1,352 1,548 1,438 1,295 1,384 1,435 1,873 2,170 2,096 2,259
Total Current Liabilities		 473 384 425 297 378 426 322 397 474 352
Short-Term Debt		 238 7.08 7.08 7.07 7.07 8.79 12 12 12 12
Accounts Payable		 80 175 149 97 164 181 112 172 211 131
Current Deferred Revenue		 37 45 59 51 45 45 42 36 43 30
Current Deferred & Payable Income Tax Liabilities		 - 30 53 12 16 16 14 18 29 14
Current Employee Benefit Liabilities		 14 26 38 18 29 42 19 31 37 23
Other Current Liabilities		 103 94 103 97 110 120 107 120 127 125
Other Current Nonoperating Liabilities		 0.00 7.91 16 15 7.17 14 16 7.70 16 16
Total Noncurrent Liabilities		 879 1,164 1,013 998 1,006 1,009 1,551 1,773 1,622 1,906
Long-Term Debt		 0.36 832 676 674 672 670 1,160 1,341 1,176 1,422
Noncurrent Deferred & Payable Income Tax Liabilities		 175 171 174 174 179 188 222 257 264 292
Other Noncurrent Operating Liabilities		 703 161 163 150 154 151 169 174 182 192
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 975 1,095 1,243 1,219 1,299 1,449 1,408 1,461 1,607 1,559
Total Preferred & Common Equity		 975 1,095 1,243 1,219 1,299 1,449 1,408 1,461 1,607 1,559
Total Common Equity		 975 1,095 1,243 1,219 1,299 1,449 1,408 1,461 1,607 1,559
Common Stock		 549 612 614 615 617 619 622 624 627 628
Retained Earnings		 442 499 645 618 696 844 799 849 993 945
Treasury Stock		 0.00 -3.63 -3.63 -3.63 -3.63 -3.63 -3.63 -3.63 -3.63 -3.63
Accumulated Other Comprehensive Income / (Loss)		 -12 -12 -12 -11 -11 -11 -9.24 -9.18 -9.11 -10

Annual Metrics And Ratios for Knife River

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

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - -
Revenue Growth		 0.00% 13.72% 11.66% 2.43% 8.52%
EBITDA Growth		 0.00% 4.57% 40.07% 8.26% 5.74%
EBIT Growth		 0.00% -1.81% 60.58% 7.53% -9.53%
NOPAT Growth		 0.00% -0.67% 55.41% 6.50% -10.50%
Net Income Growth		 0.00% -10.43% 57.35% 10.28% -22.12%
EPS Growth		 0.00% -10.48% 57.56% 9.91% -22.25%
Operating Cash Flow Growth		 0.00% 14.46% 61.84% -3.99% -13.60%
Free Cash Flow Firm Growth		 0.00% 0.00% 114.85% -78.42% -1,302.84%
Invested Capital Growth		 0.00% 0.00% -0.65% 10.95% 43.27%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.36% 3.21%
EBITDA Q/Q Growth		 0.00% 0.00% 246.17% 2.13% 7.94%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 1.76% 7.27%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 1.11% 7.92%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 1.29% 5.90%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 1.14% 5.34%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 4.60% -3.12% 9.20%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% -72.90% 8.89%
Invested Capital Q/Q Growth		 0.00% 0.00% -7.29% 0.22% -1.43%
Profitability Metrics		 - - - - -
Gross Margin		 15.57% 14.24% 19.04% 19.66% 18.35%
EBITDA Margin		 13.18% 12.12% 15.20% 16.07% 15.66%
Operating Margin		 8.57% 7.67% 10.47% 10.91% 9.09%
EBIT Margin		 8.63% 7.45% 10.72% 11.25% 9.38%
Profit (Net Income) Margin		 5.82% 4.59% 6.46% 6.96% 4.99%
Tax Burden Percent		 74.91% 73.18% 74.55% 74.42% 73.67%
Interest Burden Percent		 90.01% 84.06% 80.85% 83.07% 72.24%
Effective Tax Rate		 25.09% 26.82% 25.45% 25.58% 26.33%
Return on Invested Capital (ROIC)		 0.00% 16.69% 13.01% 13.18% 9.22%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 9.00% 6.10% 5.06% 1.84%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 5.91% 2.93% 1.53% 0.86%
Return on Equity (ROE)		 0.00% 22.60% 15.94% 14.71% 10.08%
Cash Return on Invested Capital (CROIC)		 0.00% -183.31% 13.66% 2.80% -26.35%
Operating Return on Assets (OROA)		 0.00% 8.24% 12.40% 11.97% 9.08%
Return on Assets (ROA)		 0.00% 5.07% 7.47% 7.40% 4.83%
Return on Common Equity (ROCE)		 0.00% 22.60% 15.94% 14.71% 10.08%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 11.30% 14.44% 13.66% 0.00%
Net Operating Profit after Tax (NOPAT)		 143 142 221 235 211
NOPAT Margin		 6.42% 5.61% 7.81% 8.12% 6.69%
Net Nonoperating Expense Percent (NNEP)		 0.00% 7.69% 6.91% 8.12% 7.38%
Return On Investment Capital (ROIC_SIMPLE)		 - 8.30% 11.34% 10.93% 7.50%
Cost of Revenue to Revenue		 84.43% 85.76% 80.96% 80.34% 81.65%
SG&A Expenses to Revenue		 6.99% 6.57% 8.57% 8.75% 9.26%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 6.99% 6.57% 8.57% 8.75% 9.26%
Earnings before Interest and Taxes (EBIT)		 192 189 303 326 295
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 294 307 430 466 493
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.00 0.00 2.96 3.90 2.43
Price to Tangible Book Value (P/TBV)		 0.00 0.00 3.82 5.01 3.66
Price to Revenue (P/Rev)		 0.00 0.00 1.32 1.98 1.27
Price to Earnings (P/E)		 0.00 0.00 20.47 28.53 25.38
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 4.89% 3.50% 3.94%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 2.46 3.28 1.87
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 1.47 2.12 1.60
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 9.67 13.20 10.21
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 13.72 18.85 17.04
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 18.84 26.14 23.88
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 12.40 19.08 18.06
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 17.95 122.90 0.00
Leverage & Solvency		 - - - - -
Debt to Equity		 0.00 0.67 0.54 0.46 0.71
Long-Term Debt to Equity		 0.00 0.43 0.53 0.45 0.70
Financial Leverage		 0.00 0.66 0.48 0.30 0.47
Leverage Ratio		 0.00 2.23 2.13 1.99 2.09
Compound Leverage Factor		 0.00 1.88 1.72 1.65 1.51
Debt to Total Capital		 0.00% 39.98% 35.00% 31.46% 41.53%
Short-Term Debt to Total Capital		 0.00% 13.90% 0.36% 0.49% 0.42%
Long-Term Debt to Total Capital		 0.00% 26.08% 34.64% 30.97% 41.11%
Preferred Equity to Total Capital		 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%
Common Equity to Total Capital		 0.00% 60.02% 65.00% 68.54% 58.47%
Debt to EBITDA		 0.00 2.23 1.58 1.45 2.37
Net Debt to EBITDA		 0.00 2.20 0.97 0.85 2.12
Long-Term Debt to EBITDA		 0.00 1.45 1.57 1.43 2.34
Debt to NOPAT		 0.00 4.82 3.09 2.88 5.53
Net Debt to NOPAT		 0.00 4.75 1.90 1.68 4.95
Long-Term Debt to NOPAT		 0.00 3.14 3.05 2.83 5.48
Altman Z-Score		 0.00 0.00 3.78 4.59 2.90
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - -
Current Ratio		 0.00 1.18 2.63 2.67 2.54
Quick Ratio		 0.00 0.43 1.52 1.48 1.06
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -1,561 232 50 -602
Operating Cash Flow to CapEx		 111.73% 133.59% 289.42% 200.91% 92.65%
Free Cash Flow to Firm to Interest Expense		 0.00 -51.84 3.99 0.91 -7.35
Operating Cash Flow to Interest Expense		 9.43 6.89 5.78 5.83 3.40
Operating Cash Flow Less CapEx to Interest Expense		 0.99 1.73 3.78 2.93 -0.27
Efficiency Ratios		 - - - - -
Asset Turnover		 0.00 1.10 1.16 1.06 0.97
Accounts Receivable Turnover		 0.00 12.06 11.87 10.86 11.54
Inventory Turnover		 0.00 6.72 7.13 6.66 6.30
Fixed Asset Turnover		 0.00 1.93 2.15 2.10 1.81
Accounts Payable Turnover		 0.00 24.88 23.50 18.75 17.94
Days Sales Outstanding (DSO)		 0.00 30.26 30.75 33.62 31.63
Days Inventory Outstanding (DIO)		 0.00 54.28 51.20 54.84 57.98
Days Payable Outstanding (DPO)		 0.00 14.67 15.53 19.47 20.35
Cash Conversion Cycle (CCC)		 0.00 69.87 66.42 68.99 69.26
Capital & Investment Metrics		 - - - - -
Invested Capital		 0.00 1,704 1,693 1,878 2,690
Invested Capital Turnover		 0.00 2.98 1.67 1.62 1.38
Increase / (Decrease) in Invested Capital		 0.00 1,704 -11 185 813
Enterprise Value (EV)		 0.00 0.00 4,163 6,150 5,028
Market Capitalization		 0.00 0.00 3,744 5,754 3,986
Book Value per Share		 $0.00 $18.18 $22.38 $26.07 $28.96
Tangible Book Value per Share		 $0.00 $13.09 $17.34 $20.30 $19.21
Total Capital		 0.00 1,714 1,948 2,153 2,806
Total Debt		 0.00 685 682 677 1,166
Total Long-Term Debt		 0.00 447 675 667 1,154
Net Debt		 0.00 675 419 396 1,042
Capital Expenditures (CapEx)		 162 155 116 160 301
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 320 311 347 471
Debt-free Net Working Capital (DFNWC)		 0.00 330 573 628 595
Net Working Capital (NWC)		 0.00 92 566 618 583
Net Nonoperating Expense (NNE)		 13 26 38 34 54
Net Nonoperating Obligations (NNO)		 0.00 675 427 402 1,049
Total Depreciation and Amortization (D&A)		 101 118 127 140 197
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 12.62% 10.99% 11.97% 14.98%
Debt-free Net Working Capital to Revenue		 0.00% 13.01% 20.26% 21.67% 18.90%
Net Working Capital to Revenue		 0.00% 3.62% 20.01% 21.30% 18.53%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $3.23 $3.56 $2.77
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 56.57M 56.61M 56.65M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $3.23 $3.55 $2.76
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 56.67M 56.84M 56.90M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 56.58M 56.61M 56.66M
Normalized Net Operating Profit after Tax (NOPAT)		 143 142 221 235 211
Normalized NOPAT Margin		 6.42% 5.61% 7.81% 8.12% 6.69%
Pre Tax Income Margin		 7.77% 6.27% 8.67% 9.35% 6.78%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 10.01 6.27 5.22 5.91 3.60
NOPAT to Interest Expense		 7.45 4.72 3.80 4.26 2.57
EBIT Less CapEx to Interest Expense		 1.57 1.12 3.23 3.00 -0.07
NOPAT Less CapEx to Interest Expense		 -0.99 -0.44 1.81 1.36 -1.10
Payout Ratios		 - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Knife River

This table displays calculated financial ratios and metrics derived from Knife River's 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		 - - - - - - - - - - 56,664,165.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 56,664,165.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -1.40
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 11.78% 0.00% 7.04% 2.77% 1.37% 1.60% 7.25% 3.33% 8.90% 14.89% 16.03%
EBITDA Growth		 71.10% 148.12% -22.18% 18.74% 1.97% 13.30% -125.68% -7.69% 9.61% 43.89% 12.46%
EBIT Growth		 48.43% 0.00% -14.27% 22.95% 0.66% 13.79% -56.24% -23.52% 2.26% 42.99% -11.24%
NOPAT Growth		 47.54% 0.00% -20.56% 26.33% -0.96% 7.64% -53.84% -24.94% 1.67% 49.48% -4.33%
Net Income Growth		 47.16% 0.00% -15.27% 37.11% 0.99% 12.43% -44.26% -35.07% -3.34% 37.62% -15.23%
EPS Growth		 46.59% 0.00% -15.07% 37.00% 0.78% 10.53% -44.05% -35.04% -3.08% 33.33% -15.70%
Operating Cash Flow Growth		 0.00% 8.78% 45.50% -623.17% 7.33% -5.67% -189.93% 8.58% 4.49% 13.60% 53.26%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 106.51% -488.65% -33.97% -2,405.67% -741.34% -396.47% 30.42%
Invested Capital Growth		 0.00% -0.65% 44.60% 2.93% 2.63% 10.95% 40.89% 42.31% 45.67% 43.27% 19.38%
Revenue Q/Q Growth		 38.87% -40.67% -49.05% 144.82% 36.98% -40.54% -46.22% 135.88% 44.37% -37.27% -45.68%
EBITDA Q/Q Growth		 87.76% -69.92% -123.43% 997.47% 61.24% -66.58% -146.66% 467.09% 91.46% -56.13% -128.39%
EBIT Q/Q Growth		 118.96% -80.54% -222.19% 336.20% 79.27% -78.01% -267.78% 215.62% 139.69% -69.25% -230.53%
NOPAT Q/Q Growth		 128.72% -81.84% -230.92% 332.35% 79.30% -80.27% -287.11% 213.37% 142.85% -70.98% -230.60%
Net Income Q/Q Growth		 158.03% -85.88% -330.08% 263.62% 90.05% -84.29% -395.22% 173.65% 182.89% -77.63% -347.19%
EPS Q/Q Growth		 158.00% -85.27% -321.05% 263.10% 89.78% -83.85% -388.10% 173.55% 183.15% -77.78% -350.00%
Operating Cash Flow Q/Q Growth		 2,408.76% -18.14% -123.64% -7.77% 614.67% -28.05% -172.65% 66.02% 688.28% -21.78% -129.89%
Free Cash Flow Firm Q/Q Growth		 0.00% 102.38% -1,549.14% 105.65% 233.75% -242.13% -399.53% 2.69% 7.16% -10.02% 29.99%
Invested Capital Q/Q Growth		 -2.55% -7.29% 3.04% 10.56% -2.83% 0.22% 30.85% 11.68% -0.53% -1.43% 9.03%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 24.71% 17.39% 1.97% 21.84% 24.70% 17.36% -2.71% 18.86% 23.62% 19.25% -0.68%
EBITDA Margin		 22.23% 11.27% -5.18% 18.99% 22.36% 12.57% -10.90% 16.97% 22.50% 15.74% -8.23%
Operating Margin		 19.28% 5.75% -16.30% 14.47% 18.92% 6.70% -23.38% 10.56% 17.88% 8.64% -21.03%
EBIT Margin		 19.28% 6.32% -15.16% 14.63% 19.15% 7.08% -22.09% 10.83% 17.98% 8.81% -21.18%
Profit (Net Income) Margin		 13.45% 3.20% -14.45% 9.66% 13.40% 3.54% -19.44% 6.07% 11.89% 4.24% -19.31%
Tax Burden Percent		 75.26% 77.21% 74.47% 74.85% 74.92% 70.21% 73.61% 74.47% 74.02% 70.84% 73.58%
Interest Burden Percent		 92.70% 65.55% 127.96% 88.19% 93.41% 71.22% 119.55% 75.26% 89.37% 67.94% 123.88%
Effective Tax Rate		 24.74% 22.79% 0.00% 25.15% 25.08% 29.79% 0.00% 25.53% 25.98% 29.16% 0.00%
Return on Invested Capital (ROIC)		 0.00% 7.40% -22.06% 16.37% 22.14% 7.64% -22.78% 9.93% 17.53% 8.43% -17.49%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 5.94% -24.71% 15.03% 20.44% 5.79% -24.15% 8.37% 15.44% 6.48% -19.04%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 2.85% -8.53% 8.84% 7.65% 1.75% -14.49% 5.80% 7.82% 3.01% -15.55%
Return on Equity (ROE)		 0.00% 10.26% -30.59% 25.21% 29.79% 9.39% -37.26% 15.73% 25.34% 11.45% -33.04%
Cash Return on Invested Capital (CROIC)		 0.00% 13.66% -21.81% 9.44% 9.98% 2.80% -23.73% -26.66% -28.70% -26.35% -9.95%
Operating Return on Assets (OROA)		 0.00% 7.31% -17.87% 15.79% 19.88% 7.53% -22.29% 10.12% 16.64% 8.53% -19.11%
Return on Assets (ROA)		 0.00% 3.70% -17.03% 10.42% 13.91% 3.77% -19.61% 5.67% 11.01% 4.11% -17.42%
Return on Common Equity (ROCE)		 0.00% 10.26% -30.59% 25.21% 29.79% 9.39% -37.26% 15.73% 25.34% 11.45% -33.04%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 14.49% 15.22% 13.74% 0.00% 12.83% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 158 29 -38 87 157 31 -58 66 159 46 -60
NOPAT Margin		 14.51% 4.44% -11.41% 10.83% 14.18% 4.70% -16.37% 7.87% 13.23% 6.12% -14.72%
Net Nonoperating Expense Percent (NNEP)		 3.96% 1.46% 2.65% 1.34% 1.70% 1.85% 1.38% 1.57% 2.09% 1.96% 1.55%
Return On Investment Capital (ROIC_SIMPLE)		 - 1.47% - - - 1.44% -2.24% 2.33% 5.70% 1.65% -2.02%
Cost of Revenue to Revenue		 75.29% 82.61% 98.03% 78.16% 75.30% 82.64% 102.71% 81.14% 76.38% 80.75% 100.68%
SG&A Expenses to Revenue		 5.43% 11.63% 18.27% 7.37% 5.78% 10.66% 20.67% 8.30% 5.74% 10.61% 20.35%
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		 5.43% 11.63% 18.27% 7.37% 5.78% 10.66% 20.67% 8.30% 5.74% 10.61% 20.35%
Earnings before Interest and Taxes (EBIT)		 210 41 -50 118 212 47 -78 90 216 67 -87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 242 73 -17 153 247 83 -39 141 271 119 -34
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 2.96 3.76 3.06 3.49 3.90 3.63 3.17 2.71 2.43 2.97
Price to Tangible Book Value (P/TBV)		 0.00 3.82 4.91 3.92 4.35 5.01 5.58 4.82 3.94 3.66 4.88
Price to Revenue (P/Rev)		 0.00 1.32 1.61 1.38 1.75 1.98 1.75 1.57 1.43 1.27 1.44
Price to Earnings (P/E)		 0.00 20.47 25.98 20.09 25.42 28.53 28.28 30.18 29.37 25.38 31.56
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% 4.89% 3.85% 4.98% 3.93% 3.50% 3.54% 3.31% 3.41% 3.94% 3.17%
Enterprise Value to Invested Capital (EV/IC)		 0.00 2.46 2.92 2.38 2.92 3.28 2.50 2.15 2.00 1.87 2.04
Enterprise Value to Revenue (EV/Rev)		 0.00 1.47 1.79 1.60 1.89 2.12 2.10 2.00 1.79 1.60 1.87
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 9.67 11.93 10.17 11.99 13.20 13.82 13.64 11.97 10.21 12.03
Enterprise Value to EBIT (EV/EBIT)		 0.00 13.72 17.15 14.39 17.07 18.85 20.60 21.82 19.85 17.04 20.90
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 18.84 23.57 19.60 23.51 26.14 28.60 30.58 27.99 23.88 28.77
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 12.40 13.71 14.52 16.45 19.08 25.56 24.16 21.42 18.06 17.34
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 17.95 0.00 25.59 29.63 122.90 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.55 0.54 0.56 0.52 0.47 0.46 0.83 0.93 0.74 0.71 0.92
Long-Term Debt to Equity		 0.54 0.53 0.55 0.52 0.46 0.45 0.82 0.92 0.73 0.70 0.91
Financial Leverage		 0.47 0.48 0.35 0.59 0.37 0.30 0.60 0.69 0.51 0.47 0.82
Leverage Ratio		 2.16 2.13 2.21 2.23 2.07 1.99 2.21 2.29 2.16 2.09 2.39
Compound Leverage Factor		 2.00 1.40 2.82 1.96 1.93 1.42 2.64 1.72 1.93 1.42 2.96
Debt to Total Capital		 35.45% 35.00% 35.84% 34.35% 31.89% 31.46% 45.44% 48.08% 42.50% 41.53% 47.89%
Short-Term Debt to Total Capital		 0.37% 0.36% 0.37% 0.36% 0.41% 0.49% 0.46% 0.42% 0.42% 0.42% 0.39%
Long-Term Debt to Total Capital		 35.09% 34.64% 35.46% 33.99% 31.48% 30.97% 44.98% 47.66% 42.07% 41.11% 47.50%
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		 64.55% 65.00% 64.16% 65.65% 68.11% 68.54% 54.56% 51.92% 57.50% 58.47% 52.11%
Debt to EBITDA		 5.49 1.58 1.59 1.51 1.49 1.45 2.64 3.13 2.60 2.37 2.88
Net Debt to EBITDA		 4.56 0.97 1.19 1.38 0.90 0.85 2.33 2.95 2.42 2.12 2.73
Long-Term Debt to EBITDA		 5.44 1.57 1.58 1.49 1.47 1.43 2.61 3.10 2.58 2.34 2.86
Debt to NOPAT		 0.00 3.09 3.15 2.90 2.92 2.88 5.46 7.01 6.09 5.53 6.89
Net Debt to NOPAT		 0.00 1.90 2.36 2.66 1.77 1.68 4.81 6.61 5.67 4.95 6.53
Long-Term Debt to NOPAT		 0.00 3.05 3.12 2.87 2.88 2.83 5.40 6.95 6.03 5.48 6.83
Altman Z-Score		 0.00 3.44 3.79 3.56 4.07 4.27 3.02 2.73 2.85 2.70 2.53
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		 2.38 2.63 2.75 2.51 2.72 2.67 2.94 2.78 2.39 2.54 2.67
Quick Ratio		 1.43 1.52 1.19 1.27 1.68 1.48 1.17 1.27 1.26 1.06 0.86
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,667 40 -576 33 109 -154 -771 -750 -697 -766 -537
Operating Cash Flow to CapEx		 1,190.20% 525.65% -102.73% -84.98% 1,055.89% 421.86% -218.12% -30.47% 456.17% 403.78% -78.89%
Free Cash Flow to Firm to Interest Expense		 -108.60 2.82 -41.18 2.34 7.79 -11.52 -50.52 -33.59 -30.28 -35.92 -25.87
Operating Cash Flow to Interest Expense		 14.54 12.97 -3.09 -3.34 17.20 12.87 -8.21 -1.91 10.89 9.18 -2.82
Operating Cash Flow Less CapEx to Interest Expense		 13.32 10.50 -6.10 -7.27 15.57 9.82 -11.97 -8.16 8.50 6.91 -6.40
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 1.16 1.18 1.08 1.04 1.06 1.01 0.93 0.93 0.97 0.90
Accounts Receivable Turnover		 0.00 11.87 15.92 6.83 6.14 10.86 13.86 6.93 6.31 11.54 13.76
Inventory Turnover		 0.00 7.13 6.17 6.08 7.01 6.66 5.62 5.58 6.38 6.30 5.53
Fixed Asset Turnover		 0.00 2.15 2.16 2.16 2.18 2.10 1.91 1.80 1.84 1.81 1.64
Accounts Payable Turnover		 0.00 23.50 26.00 13.63 14.08 18.75 22.63 14.36 12.77 17.94 21.52
Days Sales Outstanding (DSO)		 0.00 30.75 22.93 53.44 59.45 33.62 26.33 52.65 57.83 31.63 26.52
Days Inventory Outstanding (DIO)		 0.00 51.20 59.16 60.05 52.07 54.84 64.93 65.36 57.17 57.98 66.04
Days Payable Outstanding (DPO)		 0.00 15.53 14.04 26.78 25.92 19.47 16.13 25.42 28.57 20.35 16.96
Cash Conversion Cycle (CCC)		 0.00 66.42 68.04 86.71 85.60 68.99 75.13 92.59 86.43 69.26 75.60
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,826 1,693 1,744 1,928 1,874 1,878 2,457 2,744 2,730 2,690 2,933
Invested Capital Turnover		 0.00 1.67 1.93 1.51 1.56 1.62 1.39 1.26 1.32 1.38 1.19
Increase / (Decrease) in Invested Capital		 1,826 -11 538 55 48 185 713 816 856 813 476
Enterprise Value (EV)		 0.00 4,163 5,096 4,593 5,472 6,150 6,141 5,900 5,462 5,028 5,984
Market Capitalization		 0.00 3,744 4,586 3,971 5,061 5,754 5,107 4,625 4,356 3,986 4,627
Book Value per Share		 $21.97 $22.38 $21.53 $22.94 $25.59 $26.07 $24.86 $25.79 $28.36 $28.96 $27.52
Tangible Book Value per Share		 $16.92 $17.34 $16.50 $17.90 $20.56 $20.30 $16.18 $16.92 $19.49 $19.21 $16.73
Total Capital		 1,926 1,948 1,899 1,978 2,127 2,153 2,580 2,814 2,795 2,806 2,993
Total Debt		 683 682 681 680 678 677 1,172 1,353 1,188 1,166 1,433
Total Long-Term Debt		 676 675 674 672 670 667 1,160 1,341 1,176 1,154 1,422
Net Debt		 567 419 510 622 411 396 1,034 1,275 1,107 1,042 1,358
Capital Expenditures (CapEx)		 19 35 42 55 23 41 57 140 55 49 74
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 477 311 357 521 475 347 498 640 592 471 526
Debt-free Net Working Capital (DFNWC)		 593 573 528 578 742 628 636 718 673 595 602
Net Working Capital (NWC)		 586 566 521 571 734 618 625 706 661 583 590
Net Nonoperating Expense (NNE)		 12 8.03 10 9.46 8.58 7.65 11 15 16 14 19
Net Nonoperating Obligations (NNO)		 583 427 525 630 425 402 1,050 1,283 1,122 1,049 1,374
Total Depreciation and Amortization (D&A)		 32 32 33 35 35 36 40 51 54 52 53
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 10.99% 12.52% 18.14% 16.44% 11.97% 17.04% 21.70% 19.41% 14.98% 16.43%
Debt-free Net Working Capital to Revenue		 0.00% 20.26% 18.50% 20.13% 25.70% 21.67% 21.77% 24.34% 22.07% 18.90% 18.79%
Net Working Capital to Revenue		 0.00% 20.01% 18.25% 19.88% 25.39% 21.30% 21.37% 23.94% 21.68% 18.53% 18.42%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.59 $0.37 ($0.84) $1.38 $2.62 $0.40 ($1.21) $0.89 $2.53 $0.56 ($1.40)
Adjusted Weighted Average Basic Shares Outstanding		 56.57M 56.57M 56.59M 56.61M 56.61M 56.61M 56.63M 56.66M 56.66M 56.65M 56.71M
Adjusted Diluted Earnings per Share		 $2.58 $0.38 ($0.84) $1.37 $2.60 $0.42 ($1.21) $0.89 $2.52 $0.56 ($1.40)
Adjusted Weighted Average Diluted Shares Outstanding		 56.74M 56.67M 56.59M 56.81M 56.87M 56.84M 56.63M 56.91M 56.88M 56.90M 56.71M
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		 56.57M 56.58M 56.61M 56.61M 56.61M 56.61M 56.65M 56.66M 56.66M 56.66M 56.75M
Normalized Net Operating Profit after Tax (NOPAT)		 158 29 -38 87 157 31 -58 66 159 46 -60
Normalized NOPAT Margin		 14.51% 4.44% -11.41% 10.83% 14.18% 4.70% -16.37% 7.87% 13.23% 6.12% -14.72%
Pre Tax Income Margin		 17.87% 4.14% -19.40% 12.90% 17.89% 5.04% -26.41% 8.15% 16.07% 5.99% -26.24%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 13.69 2.90 -3.58 8.47 15.19 3.47 -5.12 4.04 9.41 3.12 -4.19
NOPAT to Interest Expense		 10.30 2.04 -2.69 6.27 11.24 2.31 -3.79 2.94 6.92 2.17 -2.91
EBIT Less CapEx to Interest Expense		 12.47 0.43 -6.59 4.54 13.56 0.42 -8.88 -2.21 7.02 0.85 -7.77
NOPAT Less CapEx to Interest Expense		 9.08 -0.43 -5.70 2.34 9.61 -0.74 -7.55 -3.32 4.54 -0.11 -6.49
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%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, investor-friendly look at Knife River (NYSE: KNF) using quarterly data from the last four years. The focus is on trends in revenue, profitability, cash flow, and balance sheet leverage.

  • 2025 Q3 revenue reached 1,203,717,000 USD, the strongest quarterly top line in the period, highlighting improved demand or project mix relative to recent years.
  • Cash flow from continuing operations was strong in the latest two quarters: 2025 Q3 CFO of 250,430,000 USD and 2025 Q4 CFO of 195,892,000 USD, indicating improved operating cash generation.
  • Positive quarterly free cash flow in 2025: approximately 169,356,000 USD for 2025 Q3 (CFO 250,430,000 minus investing outflow 81,074,000) and about 65,251,000 USD for 2025 Q4 (CFO 195,892,000 minus investing outflow 130,641,000).
  • Net income attributable to common shareholders was positive in the latest quarters: 143,151,000 USD in 2025 Q3 and 32,030,000 USD in 2025 Q4, pointing to improving bottom-line profitability in the most recent period.
  • Gross margin has remained in a reasonably healthy range across years (roughly 18–25%), with examples such as 23.6% in 2025 Q3 and 19.3% in 2025 Q4, along with similar levels in prior years (e.g., 24.7% in 2024 Q3, 17.4% in 2024 Q4).
  • Long-term debt around 1.17B USD in 2025, with total liabilities near 2.10–2.20B USD, indicating a stable leverage profile rather than a sharp deterioration or improvement in debt levels.
  • Total common equity has remained substantial and broadly stable around 1.4–1.6B USD, suggesting a solid base of shareholder equity over the period (e.g., 1.607B USD in 2025 Q3).
  • Revenue can be cyclical and quarterly results swing due to project mix and seasonal factors, which is typical for a heavy-construction materials company.
  • 2025 Q1 EPS was negative (-1.21 USD basic and diluted) and 2025 Q1 net income attributable to common shareholders was negative, reflecting a loss quarter that contrasts with later profitability improvements.
  • Cash flow from operations was negative in some early-2025 quarters (e.g., 2025 Q1 and 2025 Q2 show negative net cash from continuing operating activities), underscoring short-term volatility in cash generation even as later quarters improved.
  • Investing activities remain a meaningful drag in several quarters (e.g., Q4 2025 investing outflow around -130,641,000 USD; Q3 2025 around -81,074,000 USD; Q4 2024 around -156,974,000 USD), which reduces free cash flow despite positive operating cash flow in those periods.
05/14/26 12:18 AM ETAI Generated. May Contain Errors.

Knife River Financials - Frequently Asked Questions

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

Knife River's net income appears to be on an upward trend, with a most recent value of $157.07 million in 2025, rising from $129.76 million in 2021. The previous period was $201.68 million in 2024. See Knife River's forecast for analyst expectations on what's next for the company.

Knife River's total operating income in 2025 was $285.87 million, based on the following breakdown:
  • Total Gross Profit: $577.33 million
  • Total Operating Expenses: $291.46 million

Over the last 4 years, Knife River's total revenue changed from $2.23 billion in 2021 to $3.15 billion in 2025, a change of 41.1%.

Knife River's total liabilities were at $2.01 billion at the end of 2025, a 46.1% increase from 2024, and a 58.7% increase since 2022.

In the past 3 years, Knife River's cash and equivalents has ranged from $10.09 million in 2022 to $281.13 million in 2024, and is currently $123.42 million as of their latest financial filing in 2025.

Over the last 4 years, Knife River's book value per share changed from 0.00 in 2021 to 28.96 in 2025, a change of 2,895.9%.


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Financial statements for NYSE:KNF last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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I've Rarely Seen This With Silver This combination - 20% dividends + 68% share appreciation - never happens...
Investors Alley | Sponsoredtc pixel
The system holding the dollar together is gone…
Saudi Arabia has terminated its 1974 petrodollar agreement with the United States - the deal that forced every...
Golden Portfolio | Sponsoredtc pixel