NYSE : KN
Knowles Corporation — Financial statements
Technology · Electronic Components · United States
Last price 32.87 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.78B
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Financial statements
Knowles Corporation (KN) reported revenue of 666.10M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 666.10M | 593.20M | 553.50M | 456.80M | 478.80M | 868.10M |
| Cost of Revenue | 366.20M | 331.00M | 309.60M | 250.70M | 251.80M | 507.60M |
| Gross Profit | 299.90M | 262.20M | 243.90M | 206.10M | 227.00M | 360.50M |
| Selling, General & Admin | 154.40M | 143.40M | 142.20M | 126.30M | 108.70M | 145.30M |
| Research & Development | 43.80M | 40.20M | 39.50M | 32.40M | 29.30M | 92.80M |
| Operating Expenses | 198.20M | 183.60M | 181.70M | 158.70M | 138.00M | 238.10M |
| Operating Income | 101.70M | 78.60M | 62.20M | 47.40M | 89.00M | 122.40M |
| Interest Expense | -10.30M | -13.00M | -20.10M | -7.40M | -3.90M | -14.40M |
| Interest & Investment Income | 9.90M | 9.90M | 3.80M | 2.00M | 400.00K | 200.00K |
| Currency Exchange Gain (Loss) | 6.40M | 6.40M | -3.80M | -3.30M | -1.00M | 1.40M |
| Other Non Operating Income (Expenses) | -7.90M | -9.00M | 3.20M | 3.10M | 7.20M | 500.00K |
| EBT Excluding Unusual Items | 99.80M | 72.90M | 45.30M | 41.80M | 91.70M | 110.10M |
| Merger & Restructuring Charges | -4.40M | -5.40M | -9.50M | -4.50M | -600.00K | -1.50M |
| Asset Writedown | -3.60M | -4.00M | ||||
| Other Unusual Items | -4.40M | 100.00K | -1.10M | -3.40M | ||
| Pretax Income | 91.00M | 64.00M | 34.70M | 37.30M | 87.70M | 104.60M |
| Income Tax Expense | 14.60M | 13.10M | 11.30M | -28.30M | 21.30M | -45.60M |
| Earnings From Continuing Operations | 76.40M | 50.90M | 23.40M | 65.60M | 66.40M | 150.20M |
| Earnings From Discontinued Operations | -4.70M | -6.70M | -261.20M | 6.80M | -496.50M | 200.00K |
| Net Income | 71.70M | 44.20M | -237.80M | 72.40M | -430.10M | 150.40M |
| Net Income to Common | 71.70M | 44.20M | -237.80M | 72.40M | -430.10M | 150.40M |
| Shares Outstanding (Basic) | 85.42M | 86.40M | 88.90M | 90.90M | 91.70M | 92.30M |
| Shares Outstanding (Diluted) | 87.85M | 88.00M | 90.10M | 91.60M | 92.80M | 94.70M |
| EPS (Basic) | 0.84 | 0.51 | -2.67 | 0.80 | -4.69 | 1.63 |
| EPS (Diluted) | 0.82 | 0.50 | -2.64 | 0.79 | -4.63 | 1.59 |
| Free Cash Flow | 79.40M | 81.90M | 116.50M | 105.50M | 54.20M | 133.50M |
| Free Cash Flow Per Share | 0.90 | 0.93 | 1.29 | 1.15 | 0.58 | 1.41 |
| Gross Margin | 45.02% | 44.20% | 44.06% | 45.12% | 47.41% | 41.53% |
| Operating Margin | 15.27% | 13.25% | 11.24% | 10.38% | 18.59% | 14.10% |
| Profit Margin | 10.76% | 7.45% | -42.96% | 15.85% | -89.83% | 17.32% |
| Free Cash Flow Margin | 11.92% | 13.81% | 21.05% | 23.09% | 11.32% | 15.38% |
| EBITDA | 139.70M | 114.90M | 99.80M | 73.60M | 113.40M | 184.90M |
| EBITDA Margin | 20.97% | 19.37% | 18.03% | 16.11% | 23.68% | 21.30% |
| D&A For EBITDA | 38.00M | 36.30M | 37.60M | 26.20M | 24.40M | 62.50M |
| EBIT | 101.70M | 78.60M | 62.20M | 47.40M | 89.00M | 122.40M |
| EBIT Margin | 15.27% | 13.25% | 11.24% | 10.38% | 18.59% | 14.10% |
| Effective Tax Rate | 16.04% | 20.47% | 32.56% | 24.29% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 46.60M | 54.20M | 130.10M | 87.30M | 48.20M | 68.90M |
| Cash & Short-Term Investments | 46.60M | 54.20M | 130.10M | 87.30M | 48.20M | 68.90M |
| Receivables | 122.50M | 102.80M | 105.00M | 90.70M | 134.70M | 146.60M |
| Inventory | 150.30M | 124.60M | 118.00M | 127.00M | 169.50M | 153.10M |
| Prepaid Expenses | 10.70M | 8.00M | 8.10M | 6.60M | 8.30M | 10.70M |
| Other Current Assets | 1.80M | 200.00K | 117.20M | 1.70M | 1.00M | |
| Total Current Assets | 330.10M | 291.40M | 361.40M | 428.80M | 362.40M | 380.30M |
| Property, Plant & Equipment | 163.50M | 159.30M | 138.70M | 156.10M | 174.40M | 218.20M |
| Long-Term Investments | 83.40M | 92.20M | 84.60M | 6.20M | 5.00M | 6.40M |
| Goodwill | 270.30M | 270.30M | 269.80M | 270.50M | 471.00M | 941.30M |
| Other Intangible Assets | 129.10M | 141.10M | 157.40M | 175.60M | 85.10M | 97.30M |
| Long-Term Deferred Tax Assets | 82.40M | 91.70M | 99.60M | 74.80M | 78.70M | |
| Other Long-Term Assets | 98.80M | 14.40M | 14.60M | 326.00M | 11.20M | 9.40M |
| Total Assets | 1.08B | 1.05B | 1.12B | 1.46B | 1.18B | 1.73B |
| Accounts Payable | 44.60M | 42.90M | 58.50M | 35.90M | 41.40M | 90.90M |
| Accrued Expenses | 56.30M | 43.50M | 39.30M | 36.20M | 39.10M | 58.40M |
| Current Portion of Long-Term Debt | 68.50M | 47.10M | ||||
| Current Portion of Leases | 4.40M | 4.50M | 4.30M | 6.70M | 10.90M | 14.10M |
| Current Income Taxes Payable | 7.10M | 1.00M | 3.70M | 2.80M | 2.50M | 1.70M |
| Current Unearned Revenue | 1.20M | 1.70M | ||||
| Other Current Liabilities | 12.80M | 21.60M | 35.90M | 5.20M | 1.10M | |
| Total Current Liabilities | 112.40M | 105.90M | 197.60M | 164.60M | 99.10M | 166.20M |
| Long-Term Debt | 116.00M | 114.00M | 134.00M | 224.10M | 45.00M | 70.00M |
| Long-Term Leases | 13.90M | 16.40M | 6.20M | 8.80M | 8.60M | 18.30M |
| Long-Term Unearned Revenue | 19.80M | |||||
| Long-Term Deferred Tax Liabilities | 1.10M | 1.10M | 1.10M | 700.00K | 900.00K | 600.00K |
| Other Long-Term Liabilities | 33.50M | 18.10M | 23.30M | 30.50M | 37.40M | 17.00M |
| Total Liabilities | 276.90M | 275.30M | 362.20M | 428.70M | 191.00M | 272.10M |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 1.75B | 1.74B | 1.71B | 1.69B | 1.67B | 1.64B |
| Retained Earnings | -518.70M | -569.40M | -613.60M | -375.80M | -448.20M | -18.10M |
| Treasury Stock | -318.40M | -270.70M | -205.20M | -151.20M | -103.30M | -62.40M |
| Comprehensive Income & Other | -119.50M | -124.70M | -138.10M | -129.80M | -122.10M | -100.40M |
| Shareholders' Equity | 798.30M | 775.80M | 756.00M | 1.03B | 992.90M | 1.46B |
| Total Liabilities & Equity | 1.08B | 1.05B | 1.12B | 1.46B | 1.18B | 1.73B |
| Total Debt | 134.30M | 134.90M | 213.00M | 286.70M | 64.50M | 102.40M |
| Net Cash (Debt) | -87.70M | -80.70M | -82.90M | -199.40M | -16.30M | -33.50M |
| Net Cash Per Share | -1.00 | -0.92 | -0.92 | -2.18 | -0.18 | -0.35 |
| Filing Date Shares Outstanding | 84.72M | 84.91M | 87.66M | 89.63M | 91.23M | 91.81M |
| Total Common Shares Outstanding | 84.72M | 84.89M | 87.36M | 89.09M | 91.08M | 91.89M |
| Working Capital | 217.70M | 185.50M | 163.80M | 264.20M | 263.30M | 214.10M |
| Book Value Per Share | 9.42 | 9.14 | 8.65 | 11.61 | 10.90 | 15.88 |
| Tangible Book Value | 398.90M | 364.40M | 328.80M | 588.00M | 436.80M | 420.90M |
| Tangible Book Value Per Share | 4.71 | 4.29 | 3.76 | 6.60 | 4.80 | 4.58 |
| Land | 14.10M | 14.10M | 14.30M | 12.50M | 12.90M | |
| Buildings | 99.10M | 117.20M | 113.50M | 114.60M | 119.30M | |
| Machinery | 294.40M | 276.70M | 256.80M | 531.20M | 575.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 71.70M | 44.20M | -237.80M | 72.40M | -430.10M | 150.40M |
| Depreciation & Amortization | 38.00M | 36.30M | 37.60M | 26.20M | 24.40M | 62.50M |
| Loss (Gain) From Sale of Assets | 100.00K | 100.00K | -15.10M | -10.00M | 500.00K | |
| Asset Writedown & Restructuring Costs | 3.60M | 263.20M | -1.80M | 484.40M | 4.00M | |
| Stock-Based Compensation | 29.40M | 28.40M | 22.80M | 29.00M | 28.60M | 32.10M |
| Other Operating Activities | 17.70M | 16.30M | 19.40M | -39.20M | -3.60M | -53.20M |
| Change in Accounts Receivable | -15.10M | 1.10M | 4.00M | 12.70M | 11.10M | -12.30M |
| Change in Inventory | -26.80M | -5.10M | 1.60M | 11.50M | -22.80M | -20.70M |
| Change in Accounts Payable | 5.10M | -18.00M | 25.00M | 6.20M | -41.20M | 17.20M |
| Change in Income Taxes | 100.00K | -2.30M | 1.60M | -400.00K | 1.30M | -1.10M |
| Change in Other Net Operating Assets | -1.30M | 6.60M | -4.90M | -4.20M | 4.20M | 3.20M |
| Operating Cash Flow | 119.30M | 114.00M | 130.10M | 122.70M | 86.30M | 182.10M |
| Capital Expenditures | -39.90M | -32.10M | -13.60M | -17.20M | -32.10M | -48.60M |
| Sale of Property, Plant & Equipment | 12.50M | 100.00K | 600.00K | |||
| Cash Acquisitions | -136.90M | -700.00K | -78.50M | |||
| Divestitures | 58.00M | |||||
| Sale (Purchase) of Intangibles | 7.20M | |||||
| Investment in Securities | -3.10M | |||||
| Investing Cash Flow | -39.90M | -31.60M | 45.20M | -141.60M | -32.70M | -129.60M |
| Long-Term Debt Issued | 35.00M | 140.00M | 150.00M | 23.00M | 70.00M | |
| Long-Term Debt Repaid | -128.20M | -217.50M | -37.50M | -52.80M | -174.80M | |
| Net Debt Issued (Repaid) | -61.10M | -93.20M | -77.50M | 112.50M | -29.80M | -104.80M |
| Issuance of Common Stock | 8.60M | 6.70M | 5.80M | 1.60M | 7.50M | 25.60M |
| Repurchase of Common Stock | -72.70M | -72.40M | -60.30M | -53.70M | -50.90M | -52.20M |
| Other Financing Activities | -2.20M | |||||
| Financing Cash Flow | -125.20M | -158.90M | -132.00M | 58.20M | -73.20M | -131.40M |
| Foreign Exchange Rate Adjustments | -100.00K | 600.00K | -500.00K | -200.00K | -1.10M | |
| Net Cash Flow | -45.90M | -75.90M | 42.80M | 39.10M | -20.70M | -78.90M |
| Free Cash Flow | 79.40M | 81.90M | 116.50M | 105.50M | 54.20M | 133.50M |
| Free Cash Flow Margin | 11.92% | 13.81% | 21.05% | 23.09% | 11.32% | 15.38% |
| Free Cash Flow Per Share | 0.90 | 0.93 | 1.29 | 1.15 | 0.58 | 1.41 |
| Levered Free Cash Flow | 51.33M | 44.30M | 204.51M | 58.30M | 1.19M | 106.60M |
| Unlevered Free Cash Flow | 57.76M | 52.42M | 217.07M | 62.92M | 3.62M | 115.60M |
| Cash Interest Paid | 8.30M | 8.30M | 12.00M | 5.40M | 3.60M | 7.40M |
| Cash Income Tax Paid | 8.40M | 8.40M | 14.90M | 10.60M | 6.20M | 16.10M |
| Change in Working Capital | -38.00M | -17.70M | 27.30M | 25.80M | -47.40M | -13.70M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.78B | 1.82B | 1.76B | 1.62B | 1.49B | 2.16B |
| Enterprise Value | 2.87B | 1.93B | 1.90B | 1.60B | 1.55B | 2.21B |
| Last Close Price | 32.87 | 21.43 | 19.93 | 17.91 | 16.42 | 23.35 |
| PE Ratio | 40.23 | 41.28 | 22.33 | 14.34 | ||
| Forward PE | 20.13 | 17.78 | 18.82 | 16.32 | 13.89 | 15.13 |
| PS Ratio | 4.18 | 3.08 | 3.17 | 3.54 | 3.12 | 2.48 |
| PB Ratio | 4.10 | 2.35 | 2.32 | 1.56 | 1.50 | 1.48 |
| P/TBV Ratio | 6.98 | 5.01 | 5.34 | 2.75 | 3.42 | 5.12 |
| P/FCF Ratio | 35.07 | 22.28 | 15.07 | 15.32 | 27.55 | 16.15 |
| P/OCF Ratio | 23.34 | 16.01 | 13.49 | 13.17 | 17.30 | 11.84 |
| PEG Ratio | 1.61 | 1.42 | 1.16 | 1.00 | 0.85 | 1.01 |
| EV/Sales Ratio | 4.31 | 3.25 | 3.42 | 3.50 | 3.23 | 2.55 |
| EV/EBITDA Ratio | 20.61 | 16.80 | 18.99 | 21.70 | 13.65 | 11.98 |
| EV/EBIT Ratio | 28.33 | 24.56 | 30.47 | 33.70 | 17.39 | 18.09 |
| EV/FCF Ratio | 36.18 | 23.57 | 16.27 | 15.14 | 28.56 | 16.59 |
| Debt / Equity Ratio | 0.17 | 0.17 | 0.28 | 0.28 | 0.07 | 0.07 |
| Debt / EBITDA Ratio | 0.93 | 1.12 | 2.00 | 3.67 | 0.55 | 0.53 |
| Debt / FCF Ratio | 1.69 | 1.65 | 1.83 | 2.72 | 1.19 | 0.77 |
| Net Debt / Equity Ratio | 0.11 | 0.10 | 0.11 | 0.19 | 0.02 | 0.02 |
| Net Debt / EBITDA Ratio | 0.63 | 0.70 | 0.83 | 2.71 | 0.14 | 0.18 |
| Net Debt / FCF Ratio | 1.10 | 0.98 | 0.71 | 1.89 | 0.30 | 0.25 |
| Asset Turnover | 0.62 | 0.55 | 0.43 | 0.34 | 0.33 | 0.51 |
| Inventory Turnover | 2.67 | 2.73 | 2.53 | 1.69 | 1.56 | 3.58 |
| Quick Ratio | 1.50 | 1.48 | 1.19 | 1.08 | 1.85 | 1.30 |
| Current Ratio | 2.94 | 2.75 | 1.83 | 2.60 | 3.66 | 2.29 |
| Return on Equity (ROE) | 9.86% | 6.65% | 2.61% | 6.47% | 5.42% | 10.87% |
| Return on Assets (ROA) | 5.88% | 4.53% | 3.01% | 2.24% | 3.82% | 4.52% |
| Return on Invested Capital (ROIC) | 9.58% | 7.37% | 4.05% | 4.23% | 5.39% | 8.59% |
| Return on Capital Employed (ROCE) | 10.60% | 8.30% | 6.80% | 3.70% | 8.20% | 7.80% |
| Earnings Yield | 2.49% | 2.42% | -13.55% | 4.48% | -28.80% | 6.98% |
| FCF Yield | 2.85% | 4.49% | 6.64% | 6.53% | 3.63% | 6.19% |
| Buyback Yield / Dilution | 0.65% | 2.33% | 1.64% | 1.29% | 2.01% | -1.94% |