Knife River Corporation (KNF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KNF SEC filings page.
Knife River Corporation (KNF) reported $3.3B in revenue over the twelve months to Jun 30, 2026, up 12.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Knife River is growing revenue, but FY2025 converted less operating profit into cash as heavier investment and borrowing reshaped the balance sheet.
The key shift is cash conversion: operating cash flow fell from$322M to$278M , while free cash flow moved from$150M to-$70M . The gap reflects reinvestment intensity—capital spending reached$348M —rather than an accounting loss, since operating profit and net income remained positive.
Growth did not translate into wider margins: gross margin moved from
The balance sheet expanded materially: total assets rose from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Knife River Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Knife River Corporation has an operating margin of 9.1%, meaning the company retains $9 of operating profit per $100 of revenue. This strong profitability earns a score of 71/100, reflecting efficient cost management and pricing power. This is down from 10.9% the prior year.
Knife River Corporation's revenue grew 8.5% year-over-year to $3.1B, a solid pace of expansion. This earns a growth score of 52/100.
Knife River Corporation has elevated debt relative to equity (D/E of 0.70), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 29/100, reflecting increased financial risk.
With a current ratio of 2.54, Knife River Corporation holds $2.54 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 72/100.
While Knife River Corporation generated $278.5M in operating cash flow, capex of $348.0M consumed most of it, leaving -$69.6M in free cash flow. This results in a low score of 32/100, reflecting heavy capital investment rather than weak cash generation.
Knife River Corporation earns a strong 9.6% return on equity (ROE), meaning it generates $10 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 75/100. This is down from 13.7% the prior year.
Knife River Corporation scores 2.56, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Knife River Corporation passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Knife River Corporation generates $1.77 in operating cash flow ($278.5M OCF vs $157.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Knife River Corporation earns $3.49 in operating income for every $1 of interest expense ($285.9M vs $81.9M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Knife River Corporation generated $938.6M in revenue in Q2 2026. This represents an increase of 12.6% from the same quarter a year earlier. Against the prior quarter it is up 128.9%.
Knife River Corporation's EBITDA was $137.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.6% from the same quarter a year earlier. Against the prior quarter it is up 503.3%.
Knife River Corporation reported $43.9M in net income in Q2 2026. This represents a decrease of 13.3% from the same quarter a year earlier. Against the prior quarter it is up 155.4%.
Knife River Corporation earned $0.77 per diluted share (EPS) in Q2 2026. This represents a decrease of 13.5% from the same quarter a year earlier. Against the prior quarter it is up 155.0%.
Cash & Balance Sheet
Knife River Corporation recorded an outflow of $147.9M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 24.6% from the same quarter a year earlier. Against the prior quarter it is down 8.9%.
Knife River Corporation held $40.7M in cash against $1.6B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Knife River Corporation's gross margin was 17.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 18.0 percentage points.
Knife River Corporation's operating margin was 8.6% in Q2 2026, reflecting core business profitability. This is down 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 29.7 percentage points.
Knife River Corporation's net profit margin was 4.7% in Q2 2026, showing the share of revenue converted to profit. This is down 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 24.0 percentage points.
Knife River Corporation's ROE was 2.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.8 percentage points.
Capital Allocation
Knife River Corporation invested $72.9M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 52.6% from the same quarter a year earlier. Against the prior quarter it is down 5.8%.
Not reported for Q2 2026.
Not reported for Q2 2026.
KNF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $938.6M+12.6% | $410.1M+16.0% | $755.1M+14.9% | $1.2B+8.9% | $833.8M+3.3% | $353.5M+7.2% | $657.2M+1.6% | $1.1B+1.4% |
| Cost of Revenue | $775.8M+14.7% | $412.9M+13.7% | $609.7M+12.3% | $919.4M+10.5% | $676.5M+7.3% | $363.1M+12.4% | $543.1M+1.6% | $832.3M+1.4% |
| Gross Profit | $162.8M+3.5% | -$2.8M+71.1% | $145.3M+27.4% | $284.3M+4.1% | $157.2M-10.8% | -$9.6M-247.8% | $114.1M+1.5% | $273.0M+1.3% |
| SG&A Expenses | $81.7M+18.0% | $83.5M+14.2% | $80.1M+14.3% | $69.1M+8.2% | $69.2M+16.3% | $73.1M+21.3% | $70.1M-6.9% | $63.9M+8.0% |
| Operating Income | $81.1M-7.9% | -$86.2M-4.3% | $65.2M+48.2% | $215.2M+2.9% | $88.1M-24.6% | -$82.7M-53.8% | $44.0M+18.4% | $209.1M-0.5% |
| EBITDA | $137.5M-0.6% | -$34.1M+22.3% | $116.5M+46.8% | $268.7M+10.1% | $138.3M-8.6% | -$43.9M-104.0% | $79.4M+15.9% | $243.9M+0.8% |
| Interest Expense | $24.6M+10.0% | $20.7M+35.9% | $21.3M+59.3% | $23.0M+65.1% | $22.3M+60.3% | $15.3M+9.2% | $13.4M-4.9% | $13.9M-9.2% |
| Income Tax | $16.0M-8.0% | -$28.4M-15.4% | $13.2M+33.5% | $50.2M+1.3% | $17.3M-33.8% | -$24.6M-50.9% | $9.9M+61.6% | $49.6M+2.8% |
| Net Income | $43.9M-13.3% | -$79.2M-15.2% | $32.0M+37.6% | $143.2M-3.3% | $50.6M-35.1% | -$68.7M-44.3% | $23.3M+12.4% | $148.1M+1.0% |
| EPS (Basic) | $0.77-13.5% | -$1.40-15.7% | $0.56+36.6% | $2.53-3.4% | $0.89-35.5% | -$1.21-44.0% | $0.41+13.9% | $2.62+1.2% |
| EPS (Diluted) | $0.77-13.5% | -$1.40-15.7% | $0.56+36.6% | $2.52-3.1% | $0.89-35.0% | -$1.21-44.0% | $0.41+10.8% | $2.60+0.8% |
| Diluted Shares (Avg) | 57M-0.1% | 57M+0.1% | N/A | 57M0.0% | 57M+0.2% | 57M+0.1% | N/A | 57M+0.2% |
Not reported in any period shown, so not listed: R&D Expenses.
KNF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.2B+15.0% | $3.8B+16.4% | $3.7B+28.0% | $3.7B+28.4% | $3.6B+35.4% | $3.3B+30.5% | $2.9B+9.7% | $2.9B+7.6% |
| Current Assets | $1.3B+15.3% | $942.3M-0.5% | $960.9M-2.7% | $1.1B-2.1% | $1.1B+16.2% | $946.7M+15.8% | $987.7M+8.1% | $1.2B+14.7% |
| Cash & Equivalents | $40.7M+52.9% | $13.3M-84.5% | $73.8M-68.8% | $30.7M-86.1% | $26.6M+72.1% | $86.1M-32.9% | $236.8M+8.0% | $220.4M+162.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $507.3M+5.8% | $480.5M+2.9% | $435.7M+14.6% | $436.5M+25.7% | $479.5M+24.4% | $467.1M+24.3% | $380.3M+19.0% | $347.3M+10.4% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $584.0M+25.8% | $573.1M+27.5% | $519.7M+74.8% | $469.4M+70.5% | $464.1M+68.6% | $449.6M+63.8% | $297.2M+8.3% | $275.3M+0.3% |
| Total Liabilities | $2.6B+18.5% | $2.3B+20.6% | $2.0B+46.1% | $2.1B+46.1% | $2.2B+56.8% | $1.9B+44.6% | $1.4B+3.1% | $1.4B-0.2% |
| Current Liabilities | $477.2M+20.1% | $352.3M+9.4% | $378.0M+2.1% | $474.4M+11.3% | $397.2M+5.0% | $322.1M+8.4% | $370.0M+6.6% | $426.1M+0.3% |
| Non-Current Liabilities | $2.1B+18.1% | $1.9B+22.9% | $1.6B+62.3% | $1.6B+60.7% | $1.8B+76.3% | $1.6B+55.4% | $1.0B+1.9% | $1.0B-0.4% |
| Long-Term Debt | $1.6B+19.3% | $1.4B+22.5% | $1.2B+73.0% | $1.2B+75.6% | $1.3B+99.4% | $1.2B+72.3% | $666.9M-1.1% | $669.7M-0.9% |
| Total Equity | $1.6B+9.9% | $1.6B+10.8% | $1.6B+11.2% | $1.6B+10.9% | $1.5B+12.5% | $1.4B+15.5% | $1.5B+16.6% | $1.4B+16.6% |
| Retained Earnings | $989.3M+16.5% | $945.4M+18.4% | $1.0B+18.1% | $992.6M+17.6% | $849.4M+22.0% | $798.8M+29.2% | $867.5M+30.3% | $844.3M+30.9% |
Not reported in any period shown, so not listed: Accounts Receivable.
KNF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$75.1M-76.4% | -$58.5M+53.3% | $195.9M+13.6% | $250.4M+4.5% | -$42.6M+8.6% | -$125.3M-189.9% | $172.4M-5.7% | $239.7M+7.3% |
| Depreciation & Amortization | $56.4M+12.3% | $52.1M+34.5% | $51.3M+45.1% | $53.5M+53.7% | $50.2M+45.5% | $38.8M+20.3% | $35.4M+13.0% | $34.8M+9.6% |
| Stock-Based Compensation | N/A | $2.9M+2.1% | N/A | N/A | N/A | $2.8M+54.6% | N/A | N/A |
| Capital Expenditures | $72.9M-52.6% | $77.3M+3.1% | $57.7M+27.5% | $61.7M+162.3% | $153.6M+156.3% | $75.0M+71.6% | $45.3M+19.6% | $23.5M+18.4% |
| Free Cash Flow | -$147.9M+24.6% | -$135.9M+32.1% | $138.2M+8.7% | $188.7M-12.7% | -$196.2M-84.2% | -$200.2M-130.4% | $127.2M-12.3% | $216.1M+6.2% |
| Investing Cash Flow | -$81.5M+58.9% | -$251.1M+50.2% | -$130.6M+16.8% | -$81.1M-193.4% | -$198.3M-204.5% | -$503.6M-1017.5% | -$157.0M-349.8% | -$27.6M-46.4% |
| Financing Cash Flow | $183.2M+1.7% | $261.6M-46.2% | -$22.9M-1196.9% | -$165.9M-9301.0% | $180.1M+10142.8% | $486.3M+14473.6% | -$1.8M-1.8% | -$1.8M+98.9% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
KNF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.3%-1.5pp | -0.7%+2.0pp | 19.3%+1.9pp | 23.6%-1.1pp | 18.9%-3.0pp | -2.7%-4.7pp | 17.4%0.0pp | 24.7%0.0pp |
| Operating Margin | 8.6%-1.9pp | -21.0%+2.4pp | 8.6%+1.9pp | 17.9%-1.0pp | 10.6%-3.9pp | -23.4%-7.1pp | 6.7%+1.0pp | 18.9%-0.4pp |
| Net Margin | 4.7%-1.4pp | -19.3%+0.1pp | 4.2%+0.7pp | 11.9%-1.5pp | 6.1%-3.6pp | -19.4%-5.0pp | 3.5%+0.3pp | 13.4%-0.1pp |
| Return on Equity | 2.7%-0.7pp | -5.1%-0.2pp | 1.9%+0.4pp | 8.9%-1.3pp | 3.5%-2.5pp | -4.9%-1.0pp | 1.6%-0.1pp | 10.2%-1.6pp |
| Return on Assets | 1.1%-0.3pp | -2.1%0.0pp | 0.9%+0.1pp | 3.9%-1.3pp | 1.4%-1.5pp | -2.1%-0.2pp | 0.8%0.0pp | 5.1%-0.3pp |
| Current Ratio | 2.66-0.1x | 2.67-0.3x | 2.54-0.1x | 2.39-0.3x | 2.78+0.3x | 2.94+0.2x | 2.670.0x | 2.72+0.3x |
| Debt-to-Equity | 1.00+0.1x | 0.91+0.1x | 0.70+0.3x | 0.73+0.3x | 0.92+0.4x | 0.82+0.3x | 0.45-0.1x | 0.46-0.1x |
| Asset Turnover | 0.220.0x | 0.110.0x | 0.210.0x | 0.33-0.1x | 0.23-0.1x | 0.110.0x | 0.230.0x | 0.380.0x |
| FCF Margin | -15.8%+7.8pp | -33.1%+23.5pp | 18.3%-1.1pp | 15.7%-3.9pp | -23.5%-10.3pp | -56.6%-30.3pp | 19.4%-3.1pp | 19.6%+0.9pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Knife River Corporation KNF | FY2025 | $3.1B | $157.1M | 5.0% | $2.9B | 55/100 |
| United States Lime & Minerals USLM | FY2025 | $372.7M | $134.3M | 36.0% | $3.2B | 91/100 |
| Tecnoglass Holdings Inc. TGLS | FY2025 | $983.6M | $159.6M | 16.2% | $1.7B | 70/100 |
| Titan America SA TTAM | FY2025 | $1.7B | $185.4M | 11.1% | $2.4B | 43/100 |
| Eagle Materials, Inc. EXP | FY2026 | $2.3B | $423.8M | 18.4% | $5.1B | 71/100 |
| Cemex S.A.B. de C.V. CX | FY2025 | $16.1B | $970.0M | 6.0% | $13.8B | 28/100 |
Where Knife River Corporation Ranks
Frequently Asked Questions
What is Knife River Corporation's annual revenue?
Knife River Corporation (KNF) reported $3.1B in total revenue for fiscal year 2025. This represents a 8.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Knife River Corporation's revenue growing?
Knife River Corporation (KNF) revenue grew by 8.5% year-over-year, from $2.9B to $3.1B in fiscal year 2025.
Is Knife River Corporation profitable?
Yes, Knife River Corporation (KNF) reported a net income of $157.1M in fiscal year 2025, with a net profit margin of 5.0%.
What is Knife River Corporation's EBITDA?
Knife River Corporation (KNF) had EBITDA of $479.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Knife River Corporation have?
As of fiscal year 2025, Knife River Corporation (KNF) had $73.8M in cash and equivalents against $1.2B in long-term debt.
What is Knife River Corporation's gross margin?
Knife River Corporation (KNF) had a gross margin of 18.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Knife River Corporation's operating margin?
Knife River Corporation (KNF) had an operating margin of 9.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Knife River Corporation's net profit margin?
Knife River Corporation (KNF) had a net profit margin of 5.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Knife River Corporation's return on equity (ROE)?
Knife River Corporation (KNF) has a return on equity of 9.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Knife River Corporation's free cash flow?
Knife River Corporation (KNF) recorded an outflow of $69.6M in free cash flow during fiscal year 2025. This represents a -146.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Knife River Corporation's operating cash flow?
Knife River Corporation (KNF) generated $278.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Knife River Corporation's total assets?
Knife River Corporation (KNF) had $3.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Knife River Corporation's capital expenditures?
Knife River Corporation (KNF) invested $348.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Knife River Corporation's current ratio?
Knife River Corporation (KNF) had a current ratio of 2.54 as of fiscal year 2025, which is generally considered healthy.
What is Knife River Corporation's debt-to-equity ratio?
Knife River Corporation (KNF) had a debt-to-equity ratio of 0.70 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Knife River Corporation's return on assets (ROA)?
Knife River Corporation (KNF) had a return on assets of 4.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Knife River Corporation's P/E ratio?
Knife River Corporation (KNF) trades at 20.5x earnings, its market capitalization divided by net income of $139.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.9B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Knife River Corporation's price-to-sales ratio?
Knife River Corporation (KNF) trades at 0.9x sales, its market capitalization divided by revenue of $3.3B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.9B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Knife River Corporation's Altman Z-Score?
Knife River Corporation (KNF) has an Altman Z-Score of 2.56, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Knife River Corporation's Piotroski F-Score?
Knife River Corporation (KNF) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Knife River Corporation's earnings high quality?
Knife River Corporation (KNF) has an earnings quality ratio of 1.77x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Knife River Corporation cover its interest payments?
Knife River Corporation (KNF) has an interest coverage ratio of 3.49x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Knife River Corporation?
Knife River Corporation (KNF) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.