KNOT OFFSHORE PARTNERS LP (KNOP) Financials

KNOP NYSE

FY2025 annual

Revenue $364.4M +14.4% YoY

Net Income $23.3M +65.4% YoY

EPS (Diluted) Not reported for FY2025

Operating Cash Flow $155.7M +13.6% YoY

Market Cap $343.8M as of Oct 28, 2026

Price / Sales 0.9x on $364.4M revenue, FY2025

Price / Earnings 14.8x on $23.3M net income, FY2025

Price / Book 0.6x on $621.0M equity, Q2 FY2026

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 28, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (20-F/6-K) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Sep 9, 2026 Currency USD FYE December

Newest figures come from the 6-K for Q2 FY2026, filed Sep 9, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KNOP SEC filings page.

KNOT OFFSHORE PARTNERS LP (KNOP) reported $364.4M in revenue for fiscal year 2025, up 14.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI KNOP FY2025 2026-10-24

Growth is converting into operating cash, but a sharply tighter short-term balance sheet remains the defining constraint.

FY2025 operating cash flow reached $155.7M against net income of $23.3M, so cash generation substantially exceeded reported accounting profit. The persistence of this gap across FY2024 and FY2025—when operating cash flow equaled 975.1% and 669.6% of net income, respectively—suggests earnings are a poor shorthand for the partnership’s cash economics.

Long-term debt fell to $574.0M while total liabilities rose to $1.06B in FY2025, making the balance sheet less debt-heavy without making its overall obligations lighter. Current liabilities of $426.9M exceeded current assets of $111.4M, placing greater importance on short-term funding management.

Revenue grew 14.4% in FY2025 while operating margin improved only 0.3 percentage points to 23.2%, indicating expansion largely preserved existing economics rather than creating a major margin step-up. Financing cash flow was -$108.6M versus dividends of $10.4M, so financing changes—not distributions—dominated cash movement.

Financial Health Signals

Financial Health Score (5 of 6 dimensions) 42/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. 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 KNOT OFFSHORE PARTNERS LP'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.

Profitability

KNOT OFFSHORE PARTNERS LP has an operating margin of 23.2%, meaning the company retains $23 of operating profit per $100 of revenue. This strong profitability earns a score of 66/100, reflecting efficient cost management and pricing power. This is up from 22.9% the prior year.

Growth

KNOT OFFSHORE PARTNERS LP's revenue grew 14.4% year-over-year to $364.4M, a solid pace of expansion. This earns a growth score of 72/100.

Leverage

KNOT OFFSHORE PARTNERS LP has elevated debt relative to equity (D/E of 0.92), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 26/100, reflecting increased financial risk.

Liquidity

KNOT OFFSHORE PARTNERS LP's current ratio of 0.26 is below the typical benchmark, resulting in a score of 2/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

n/a

Not available for KNOT OFFSHORE PARTNERS LP, so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.

Returns

KNOT OFFSHORE PARTNERS LP's ROE of 3.8% shows moderate profitability relative to equity, earning a score of 46/100. This is up from 2.3% the prior year.

Piotroski F-Score Partial

6/7

KNOT OFFSHORE PARTNERS LP passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.

Earnings Quality Cash-Backed

6.70x

For every $1 of reported earnings, KNOT OFFSHORE PARTNERS LP generates $6.70 in operating cash flow ($155.7M OCF vs $23.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.36x

KNOT OFFSHORE PARTNERS LP earns $1.36 in operating income for every $1 of interest expense ($84.6M vs $62.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$96.8M

YoY+11.2%

KNOT OFFSHORE PARTNERS LP generated $96.8M in revenue in Q2 2026. This represents an increase of 11.2% from the same quarter a year earlier.

EBITDA

$57.6M

YoY+11.8%

KNOT OFFSHORE PARTNERS LP's EBITDA was $57.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.8% from the same quarter a year earlier.

Net Income

$3.4M

YoY-49.9%

KNOT OFFSHORE PARTNERS LP reported $3.4M in net income in Q2 2026. This represents a decrease of 49.9% from the same quarter a year earlier.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$95.3M

YoY+43.6%

5Y CAGR+13.0%

10Y CAGR+14.0%

KNOT OFFSHORE PARTNERS LP held $95.3M in cash against $588.7M in long-term debt as of Q2 2026.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

Operating Margin

16.1%

YoY-9.4pp

KNOT OFFSHORE PARTNERS LP's operating margin was 16.1% in Q2 2026, reflecting core business profitability. This is down 9.4 percentage points from the same quarter a year earlier.

Net Margin

3.5%

YoY-4.3pp

KNOT OFFSHORE PARTNERS LP's net profit margin was 3.5% in Q2 2026, showing the share of revenue converted to profit. This is down 4.3 percentage points from the same quarter a year earlier.

Return on Equity

0.5%

YoY-0.5pp

KNOT OFFSHORE PARTNERS LP's quarterly ROE was 0.5% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 0.5 percentage points from the same quarter a year earlier.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

KNOP 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.

KNOP quarterly income statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2220-F	FY2120-F	FY2020-F	FY1920-F	FY1820-F	FY1720-F	FY1620-F	FY1520-F	FY1420-F	FY1320-F	FY1220-F	FY1120-F
Revenue	$364.4M+14.4%	$318.6M+9.6%	$290.7M+8.2%	$268.6M-4.5%	$281.1M+0.7%	$279.2M-1.2%	$282.6M+1.1%	$279.5M+27.5%	$219.2M+26.2%	$173.7M+12.0%	$155.0M+37.4%	$112.8M+53.7%	$73.4M+11.8%	$65.7M+49.5%	$43.9M
SG&A Expenses	$7.4M+21.9%	$6.1M-1.2%	$6.1M+0.7%	$6.1M-5.6%	$6.5M+19.8%	$5.4M+11.0%	$4.9M-8.2%	$5.3M-4.8%	$5.6M+27.1%	$4.4M+1.9%	$4.3M-0.8%	$4.3M-19.4%	$5.4M+10.9%	$4.8M+421.5%	$927K
Operating Income	$84.6M+16.1%	$72.9M+190.1%	$25.1M-62.0%	$66.2M-10.0%	$73.6M-40.2%	$123.1M-3.6%	$127.7M-0.7%	$128.7M+34.9%	$95.4M+16.1%	$82.2M+20.6%	$68.1M+35.4%	$50.3M+67.8%	$30.0M+12.6%	$26.6M+100.2%	$13.3M
EBITDA	$204.4M+10.6%	$184.7M+35.8%	$136.0M-21.7%	$173.7M0.0%	$173.7M-18.6%	$213.4M-2.2%	$218.2M+0.1%	$218.0M+30.3%	$167.4M+20.9%	$138.4M+18.3%	$117.0M+38.2%	$84.6M+57.5%	$53.8M+12.4%	$47.8M+61.9%	$29.5M
Interest Expense	$62.0M-7.9%	$67.4M-6.5%	$72.1M+69.2%	$42.6M+51.8%	$28.1M-11.3%	$31.6M-37.6%	$50.7M+1.6%	$50.0M+62.6%	$30.7M+47.2%	$20.9M+19.6%	$17.5M+14.3%	$15.3M+41.8%	$10.8M-20.0%	$13.5M+39.6%	$9.7M
Income Tax	$1.2M+84.3%	$631Kn/m	-$4.6M-625.1%	$875K+79.3%	$488K+4780.0%	$10K+11.1%	$9Kn/m	-$2Kn/m	-$16Kn/m	-$15Kn/m	-$59K-493.3%	$15K-99.5%	$2.8M+124.2%	$1.3Mn/m	-$1.2M
Net Income	$23.3M+65.4%	$14.1Mn/m	-$34.3M-158.5%	$58.7M+8.9%	$53.9M-17.4%	$65.2M+10.6%	$59.0M-28.2%	$82.2M+20.7%	$68.1M+11.4%	$61.1M+51.1%	$40.4Mn/m	-$13.1M-186.9%	$15.1M+1922.0%	$745Kn/m	-$16.3M

Metric	Q2'266-K	Q4'256-K	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'2320-F	Q2'236-K	Q4'2220-F
Revenue	$96.8M+11.2%	N/A	$87.1M+17.0%	N/A	$74.4M+0.8%	N/A	$73.8M+15.4%	N/A
SG&A Expenses	$1.7M+9.4%	N/A	$1.6M+9.0%	N/A	$1.4M-22.4%	N/A	$1.8M+28.7%	N/A
Operating Income	$15.6M-29.9%	N/A	$22.2M+1573.0%	N/A	$1.3Mn/m	N/A	-$31.2M-332.1%	N/A
EBITDA	$57.6M+11.8%	N/A	$51.6M+77.3%	N/A	$29.1Mn/m	N/A	-$3.1M-107.9%	N/A
Interest Expense	$13.8M-9.9%	N/A	$15.3M-9.2%	N/A	$16.9M-6.9%	N/A	$18.1M+118.1%	N/A
Income Tax	$158K+26.4%	N/A	$125K-41.3%	N/A	$213K+334.7%	N/A	$49K-70.5%	N/A
Net Income	$3.4M-49.9%	N/A	$6.8Mn/m	N/A	-$12.9Mn/m	N/A	-$40.4M-508.5%	N/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

KNOP Balance Sheet

KNOP quarterly balance sheet

Metric	FY2520-F	FY2420-F	FY2320-F	FY2220-F	FY2120-F	FY2020-F	FY1920-F	FY1820-F	FY1720-F	FY1620-F	FY1520-F	FY1420-F	FY1320-F	FY1220-F	FY1120-F
Total Assets	$1.7B+7.2%	$1.6B-1.5%	$1.6B-7.9%	$1.7B+3.4%	$1.7B-5.8%	$1.8B+2.4%	$1.7B-5.4%	$1.8B+2.4%	$1.8B+38.8%	$1.3B+5.9%	$1.2B+13.9%	$1.1B+62.2%	$660.2M+29.0%	$511.8M	N/A
Current Assets	$111.4M+16.9%	$95.4M+6.2%	$89.8M+4.5%	$85.9M+16.3%	$73.9M+11.2%	$66.5M+25.9%	$52.8M+0.8%	$52.4M-6.6%	$56.1M+80.5%	$31.1M+18.3%	$26.3M-26.5%	$35.7M+11.7%	$32.0M+392.0%	$6.5M	N/A
Cash & Equivalents	$89.0M+32.9%	$66.9M+4.7%	$63.9M+34.3%	$47.6M-23.6%	$62.3M+18.5%	$52.6M+20.8%	$43.5M+4.3%	$41.7M-9.5%	$46.1M+66.7%	$27.7M+17.4%	$23.6M-23.3%	$30.7M+6.6%	$28.8M+2140.6%	$1.3M-59.6%	$3.2M
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Inventory	$4.3M+29.8%	$3.3M-10.6%	$3.7M-35.8%	$5.8M+74.2%	$3.3M+24.7%	$2.7M+15.7%	$2.3M-6.2%	$2.4M+9.0%	$2.2M+90.6%	$1.2M+38.5%	$849K-7.2%	$915K+58.3%	$578K+6.8%	$541K	N/A
Accounts Receivable	$3.7M-40.9%	$6.3M+28.0%	$4.9M-36.3%	$7.7M	N/A	N/A	N/A	N/A	$0n/m	$0n/m	$0n/m	$0n/m	$0-100.0%	$99K	N/A
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0n/m	$0n/m	$0-100.0%	$6.2M+8.1%	$5.8M0.0%	$5.8M	N/A
Total Liabilities	$1.1B+10.7%	$961.0M-2.8%	$989.0M-8.6%	$1.1B+7.7%	$1.0B-7.2%	$1.1B+5.5%	$1.0B-7.1%	$1.1B+3.8%	$1.1B+38.1%	$770.6M+10.2%	$699.1M+7.3%	$651.4M+72.2%	$378.2M-8.8%	$414.6M	N/A
Current Liabilities	$426.9M+48.7%	$287.1M+125.1%	$127.6M-67.3%	$390.0M+236.3%	$116.0M-45.8%	$213.9M+105.7%	$104.0M-19.0%	$128.4M+4.6%	$122.8M+58.2%	$77.6M+18.5%	$65.5M+9.2%	$60.0M+42.8%	$42.0M-23.0%	$54.6M	N/A
Non-Current Liabilities	$636.9M-5.5%	$673.9M-21.8%	$861.4M+24.5%	$691.7M-22.1%	$888.3M+2.2%	$868.8M-5.8%	$922.3M-5.5%	$976.4M+3.7%	$941.1M+35.8%	$692.9M+9.4%	$633.6M+7.1%	$591.4M+75.9%	$336.2M-6.6%	$360.0M	N/A
Long-Term Debt	$574.0M-11.4%	$648.1M-24.5%	$857.8M+24.9%	$686.6M-21.8%	$878.5M+3.8%	$846.2M-7.2%	$911.9M-6.0%	$970.4M+3.9%	$933.6M+42.0%	$657.7M+6.2%	$619.2M+10.1%	$562.5M+81.2%	$310.4M-2.7%	$319.0M	N/A
Total Equity	$621.0M+1.6%	$611.1M+0.6%	$607.5M-6.9%	$652.2M-3.1%	$673.0M-3.5%	$697.5M-2.0%	$711.7M-2.8%	$732.0M+0.4%	$729.2M+39.8%	$521.7M+0.2%	$520.8M+24.2%	$419.4M+48.7%	$281.9M+190.1%	$97.2M+44.3%	$67.4M

Metric	Q2'266-K	Q4'256-K	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'2320-F	Q2'236-K	Q4'2220-F
Total Assets	$1.6B+0.9%	$1.7B+7.2%	$1.6B+7.0%	$1.6B-1.5%	$1.5B-7.9%	$1.6B-7.9%	$1.6B-2.1%	$1.7B+3.4%
Current Assets	$124.9M+32.0%	$111.4M+16.9%	$94.6M+12.1%	$95.4M+6.2%	$84.4M-10.2%	$89.8M+4.5%	$94.0M-14.4%	$85.9M+16.3%
Cash & Equivalents	$95.3M+43.6%	$89.0M+32.9%	$66.3M+17.1%	$66.9M+4.7%	$56.6M-10.3%	$63.9M+34.3%	$63.1M-28.7%	$47.6M-23.6%
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Inventory	$4.6M+27.5%	$4.3M+29.8%	$3.6M-3.2%	$3.3M-10.6%	$3.7M+20.1%	$3.7M-35.8%	$3.1M-15.1%	$5.8M+74.2%
Accounts Receivable	N/A	$3.7M-40.9%	N/A	$6.3M+28.0%	$6.1M+93.9%	$4.9M-36.3%	$3.1M	$7.7M
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Total Liabilities	$1.0B+1.5%	$1.1B+10.7%	$1.0B+9.0%	$961.0M-2.8%	$920.8M-11.7%	$989.0M-8.6%	$1.0B+3.0%	$1.1B+7.7%
Current Liabilities	$367.1M+67.5%	$426.9M+48.7%	$219.1M+96.2%	$287.1M+125.1%	$111.7M-48.7%	$127.6M-67.3%	$217.5M+86.3%	$390.0M+236.3%
Non-Current Liabilities	$651.5M-17.0%	$636.9M-5.5%	$784.7M-3.0%	$673.9M-21.8%	$809.1M-1.9%	$861.4M+24.5%	$825.1M-7.9%	$691.7M-22.1%
Long-Term Debt	$588.7M-20.0%	$574.0M-11.4%	$735.4M-8.8%	$648.1M-24.5%	$806.2M-1.8%	$857.8M+24.9%	$820.9M-7.9%	$686.6M-21.8%
Total Equity	$621.0M+0.1%	$621.0M+1.6%	$620.3M+3.9%	$611.1M+0.6%	$596.9M-1.4%	$607.5M-6.9%	$605.3M-9.6%	$652.2M-3.1%

Not reported in any period shown, so not listed: Goodwill, Retained Earnings.

KNOP Cash Flow Statement

KNOP quarterly cash flow statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2220-F	FY2120-F	FY2020-F	FY1920-F	FY1820-F	FY1720-F	FY1620-F	FY1520-F	FY1420-F	FY1320-F	FY1220-F	FY1120-F
Operating Cash Flow	$155.7M+13.6%	$137.1M+4.2%	$131.6M+30.4%	$100.9M-39.3%	$166.4M-1.7%	$169.2M+2.1%	$165.7M+11.5%	$148.6M-3.8%	$154.6M+42.5%	$108.4M+21.6%	$89.2M+50.3%	$59.3M+34.4%	$44.2M+128.7%	$19.3M+68.3%	$11.5M
Depreciation & Amortization	$119.7M+7.1%	$111.8M+0.8%	$110.9M+3.2%	$107.5M+7.3%	$100.2M+10.9%	$90.3M-0.1%	$90.4M+1.2%	$89.4M+24.1%	$72.0M+28.1%	$56.2M+15.1%	$48.8M+42.3%	$34.3M+44.4%	$23.8M+12.2%	$21.2M+30.5%	$16.2M
Investing Cash Flow	-$25.3Mn/m	-$338Kn/m	-$2.8Mn/m	-$35.5Mn/m	-$11.5Mn/m	-$21.4M	N/A	-$15.5Mn/m	-$94.9Mn/m	-$14.0M	N/A	-$121.9Mn/m	-$55.5Mn/m	-$52Kn/m	-$138.1M
Financing Cash Flow	-$108.6Mn/m	-$133.3Mn/m	-$112.5Mn/m	-$80.0Mn/m	-$145.1Mn/m	-$139.3Mn/m	-$163.8Mn/m	-$137.4Mn/m	-$41.4Mn/m	-$90.3M	N/A	$64.8M+66.5%	$38.9Mn/m	-$21.2M-116.7%	$126.4M
Dividends Paid	$10.4M-0.1%	$10.4M0.0%	$10.4M-86.9%	$79.5M+0.1%	$79.4M+0.1%	$79.3M0.0%	$79.3M0.0%	$79.3M+15.0%	$69.0M+14.6%	$60.2M+12.7%	$53.4M+45.7%	$36.6M+178.3%	$13.2M	N/A	N/A
Share Buybacks	$3.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$2.3M	N/A	N/A	N/A	N/A

Metric	Q2'266-K	Q4'256-K	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'2320-F	Q2'236-K	Q4'2220-F
Depreciation & Amortization	$42.1M+43.3%	N/A	$29.4M+5.9%	N/A	$27.7M-1.3%	N/A	$28.1M+7.9%	N/A

Not reported in any period shown, so not listed: Operating Cash Flow, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

KNOP 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.

KNOP quarterly financial ratios

Metric	FY2520-F	FY2420-F	FY2320-F	FY2220-F	FY2120-F	FY2020-F	FY1920-F	FY1820-F	FY1720-F	FY1620-F	FY1520-F	FY1420-F	FY1320-F	FY1220-F	FY1120-F
Operating Margin	23.2%+0.3pp	22.9%+14.2pp	8.6%-16.0pp	24.7%-1.5pp	26.2%-17.9pp	44.1%-1.1pp	45.2%-0.9pp	46.1%+2.6pp	43.5%-3.8pp	47.3%+3.4pp	44.0%-0.6pp	44.6%+3.7pp	40.8%+0.3pp	40.6%+10.3pp	30.3%
Net Margin	6.4%+2.0pp	4.4%+16.2pp	-11.8%-33.7pp	21.8%+2.7pp	19.2%-4.2pp	23.4%+2.5pp	20.9%-8.5pp	29.4%-1.7pp	31.1%-4.1pp	35.2%+9.1pp	26.1%+37.7pp	-11.6%-32.1pp	20.5%+19.4pp	1.1%+38.3pp	-37.2%
Return on Equity	3.8%+1.4pp	2.3%+8.0pp	-5.7%-14.6pp	9.0%+1.0pp	8.0%-1.3pp	9.3%+1.1pp	8.3%-2.9pp	11.2%+1.9pp	9.3%-2.4pp	11.7%+3.9pp	7.8%+10.9pp	-3.1%-8.5pp	5.3%+4.6pp	0.8%+25.0pp	-24.3%
Return on Assets	1.4%+0.5pp	0.9%+3.0pp	-2.1%-5.5pp	3.4%+0.2pp	3.2%-0.5pp	3.7%+0.3pp	3.4%-1.1pp	4.5%+0.7pp	3.8%-0.9pp	4.7%+1.4pp	3.3%+4.5pp	-1.2%-3.5pp	2.3%+2.1pp	0.1%	N/A
Current Ratio	0.26-0.1x	0.33-0.4x	0.70+0.5x	0.22-0.4x	0.64+0.3x	0.31-0.2x	0.51+0.1x	0.410.0x	0.46+0.1x	0.400.0x	0.40-0.2x	0.60-0.2x	0.76+0.6x	0.12	N/A
Debt-to-Equity	0.92-0.1x	1.06-0.4x	1.41+0.4x	1.05-0.3x	1.31+0.1x	1.21-0.1x	1.280.0x	1.330.0x	1.280.0x	1.26+0.1x	1.19-0.2x	1.34+0.2x	1.10-2.2x	3.28	N/A
Liabilities-to-Equity	1.71+0.1x	1.57-0.1x	1.630.0x	1.66+0.2x	1.49-0.1x	1.55+0.1x	1.44-0.1x	1.51+0.1x	1.460.0x	1.48+0.1x	1.34-0.2x	1.55+0.2x	1.34-2.9x	4.27	N/A
Asset Turnover	0.220.0x	0.200.0x	0.180.0x	0.150.0x	0.170.0x	0.160.0x	0.160.0x	0.150.0x	0.120.0x	0.130.0x	0.130.0x	0.110.0x	0.110.0x	0.13	N/A

Metric	Q2'266-K	Q4'256-K	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'2320-F	Q2'236-K	Q4'2220-F
Operating Margin	16.1%-9.4pp	N/A	25.5%+23.7pp	N/A	1.8%+44.1pp	N/A	-42.3%-63.3pp	N/A
Net Margin	3.5%-4.3pp	N/A	7.8%+25.1pp	N/A	-17.3%+37.4pp	N/A	-54.7%-70.2pp	N/A
Return on Equity	0.5%-0.5pp	N/A	1.1%+3.3pp	N/A	-2.1%+4.5pp	N/A	-6.7%-8.1pp	N/A
Return on Assets	0.2%-0.2pp	N/A	0.4%+1.3pp	N/A	-0.9%+1.6pp	N/A	-2.5%-3.0pp	N/A
Current Ratio	0.34-0.1x	0.26-0.1x	0.43-0.3x	0.33-0.4x	0.76+0.3x	0.70+0.5x	0.43-0.5x	0.22-0.4x
Debt-to-Equity	0.95-0.2x	0.92-0.1x	1.19-0.2x	1.06-0.4x	1.350.0x	1.41+0.4x	1.360.0x	1.05-0.3x
Liabilities-to-Equity	1.640.0x	1.71+0.1x	1.62+0.1x	1.57-0.1x	1.54-0.2x	1.630.0x	1.72+0.2x	1.66+0.2x
Asset Turnover	0.060.0x	N/A	0.050.0x	N/A	0.050.0x	N/A	0.040.0x	N/A

Not reported in any period shown, so not listed: Gross Margin, FCF Margin.

Note: The current ratio is below 1.0 (0.26), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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
KNOT OFFSHORE PARTNERS LP KNOP	FY2025	$364.4M	$23.3M	6.4%	$343.8M	42/100
Summit Midstream Corporation SMC	FY2025	$562.1M	-$5.9M	-1.1%	$430.7M	47/100
Imperial Petroleum Inc. IMPP	FY2025	$161.0M	$50.0M	31.0%	$230.4M	72/100
DYNAGAS LNG PARNERS LP DLNG	FY2025	N/A	$61.6M	N/A	$120.1M	—
Martin Midstream Partners LP MMLP	FY2025	$716.1M	-$14.7M	-2.1%	$78.6M	42/100

Where KNOT OFFSHORE PARTNERS LP Ranks

Frequently Asked Questions

What is KNOT OFFSHORE PARTNERS LP's annual revenue?

KNOT OFFSHORE PARTNERS LP (KNOP) reported $364.4M in total revenue for fiscal year 2025. This represents a 14.4% 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 KNOT OFFSHORE PARTNERS LP's revenue growing?

KNOT OFFSHORE PARTNERS LP (KNOP) revenue grew by 14.4% year-over-year, from $318.6M to $364.4M in fiscal year 2025.

Is KNOT OFFSHORE PARTNERS LP profitable?

Yes, KNOT OFFSHORE PARTNERS LP (KNOP) reported a net income of $23.3M in fiscal year 2025, with a net profit margin of 6.4%.

What is KNOT OFFSHORE PARTNERS LP's EBITDA?

KNOT OFFSHORE PARTNERS LP (KNOP) had EBITDA of $204.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does KNOT OFFSHORE PARTNERS LP have?

As of fiscal year 2025, KNOT OFFSHORE PARTNERS LP (KNOP) had $89.0M in cash and equivalents against $574.0M in long-term debt.

What is KNOT OFFSHORE PARTNERS LP's operating margin?

KNOT OFFSHORE PARTNERS LP (KNOP) had an operating margin of 23.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is KNOT OFFSHORE PARTNERS LP's net profit margin?

KNOT OFFSHORE PARTNERS LP (KNOP) had a net profit margin of 6.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is KNOT OFFSHORE PARTNERS LP's return on equity (ROE)?

KNOT OFFSHORE PARTNERS LP (KNOP) has a return on equity of 3.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is KNOT OFFSHORE PARTNERS LP's operating cash flow?

KNOT OFFSHORE PARTNERS LP (KNOP) generated $155.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are KNOT OFFSHORE PARTNERS LP's total assets?

KNOT OFFSHORE PARTNERS LP (KNOP) had $1.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Does KNOT OFFSHORE PARTNERS LP buy back shares?

Yes, KNOT OFFSHORE PARTNERS LP (KNOP) spent $3.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is KNOT OFFSHORE PARTNERS LP's current ratio?

KNOT OFFSHORE PARTNERS LP (KNOP) had a current ratio of 0.26 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is KNOT OFFSHORE PARTNERS LP's debt-to-equity ratio?

KNOT OFFSHORE PARTNERS LP (KNOP) had a debt-to-equity ratio of 0.92 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is KNOT OFFSHORE PARTNERS LP's liabilities-to-equity ratio?

KNOT OFFSHORE PARTNERS LP (KNOP) had a liabilities-to-equity ratio of 1.71 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is KNOT OFFSHORE PARTNERS LP's return on assets (ROA)?

KNOT OFFSHORE PARTNERS LP (KNOP) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is KNOT OFFSHORE PARTNERS LP's P/E ratio?

KNOT OFFSHORE PARTNERS LP (KNOP) trades at 14.8x earnings, its market capitalization divided by $23.3M net income, FY2025. The market capitalization is $343.8M as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is KNOT OFFSHORE PARTNERS LP's price-to-sales ratio?

KNOT OFFSHORE PARTNERS LP (KNOP) trades at 0.9x sales, its market capitalization divided by $364.4M revenue, FY2025. The market capitalization is $343.8M as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is KNOT OFFSHORE PARTNERS LP's Piotroski F-Score?

KNOT OFFSHORE PARTNERS LP (KNOP) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 KNOT OFFSHORE PARTNERS LP's earnings high quality?

KNOT OFFSHORE PARTNERS LP (KNOP) has an earnings quality ratio of 6.70x, 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 KNOT OFFSHORE PARTNERS LP cover its interest payments?

KNOT OFFSHORE PARTNERS LP (KNOP) has an interest coverage ratio of 1.36x, meaning it can struggle to 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 KNOT OFFSHORE PARTNERS LP?

KNOT OFFSHORE PARTNERS LP (KNOP) scores 42 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is the average 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. For KNOT OFFSHORE PARTNERS LP it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. 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.