NYSE : KNF
Knife River Corporation — Financial statements
Materials · Building Materials · United States
Last price 57.6 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.27B
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Financial statements
Knife River Corporation (KNF) reported revenue of 3.31B 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 | 3.31B | 3.15B | 2.90B | 2.83B | 2.53B | 2.23B |
| Cost of Revenue | 2.72B | 2.57B | 2.33B | 2.29B | 2.17B | 1.88B |
| Gross Profit | 589.67M | 577.33M | 569.83M | 538.93M | 360.89M | 346.95M |
| Selling, General & Admin | 308.54M | 282.25M | 240.99M | 244.12M | 167.88M | 157.03M |
| Operating Expenses | 308.54M | 282.25M | 240.99M | 244.12M | 167.88M | 157.03M |
| Operating Income | 281.14M | 295.08M | 328.84M | 294.81M | 193.01M | 189.92M |
| Interest Expense | -89.64M | -81.94M | -55.24M | -58.10M | -30.12M | -19.22M |
| Interest & Investment Income | 4.57M | 4.57M | 8.83M | 5.21M | ||
| Other Non Operating Income (Expenses) | -2.19M | -190.00K | -157.00K | 1.19M | -1.27M | 1.11M |
| EBT Excluding Unusual Items | 193.88M | 217.52M | 282.28M | 243.11M | 161.62M | 171.81M |
| Merger & Restructuring Charges | -7.40M | -10.80M | -7.70M | |||
| Gain (Loss) on Sale of Investments | 4.14M | 2.94M | 2.92M | 2.20M | -2.80M | 1.40M |
| Other Unusual Items | 235.00K | 3.55M | -6.50M | |||
| Pretax Income | 190.85M | 213.21M | 270.99M | 245.31M | 158.82M | 173.21M |
| Income Tax Expense | 50.96M | 56.14M | 69.32M | 62.44M | 42.60M | 43.46M |
| Net Income | 139.89M | 157.07M | 201.68M | 182.87M | 116.22M | 129.75M |
| Net Income to Common | 139.89M | 157.07M | 201.68M | 182.87M | 116.22M | 129.75M |
| Shares Outstanding (Basic) | 56.70M | 56.65M | 56.61M | 56.57M | 56.57M | 56.57M |
| Shares Outstanding (Diluted) | 56.94M | 56.90M | 56.84M | 56.67M | 56.57M | 56.57M |
| EPS (Basic) | 2.47 | 2.77 | 3.56 | 3.23 | 2.05 | 2.29 |
| EPS (Diluted) | 2.46 | 2.76 | 3.55 | 3.23 | 2.05 | 2.29 |
| Free Cash Flow | 43.06M | -69.57M | 149.90M | 211.44M | 29.28M | 7.01M |
| Free Cash Flow Per Share | 0.76 | -1.22 | 2.64 | 3.73 | 0.52 | 0.12 |
| Gross Margin | 17.83% | 18.35% | 19.66% | 19.04% | 14.24% | 15.57% |
| Operating Margin | 8.50% | 9.38% | 11.34% | 10.42% | 7.61% | 8.52% |
| Profit Margin | 4.23% | 4.99% | 6.96% | 6.46% | 4.58% | 5.82% |
| Free Cash Flow Margin | 1.30% | -2.21% | 5.17% | 7.47% | 1.16% | 0.32% |
| EBITDA | 494.42M | 488.82M | 465.71M | 418.62M | 310.81M | 290.90M |
| EBITDA Margin | 14.95% | 15.54% | 16.06% | 14.79% | 12.26% | 13.05% |
| D&A For EBITDA | 213.28M | 193.74M | 136.87M | 123.81M | 117.80M | 100.97M |
| EBIT | 281.14M | 295.08M | 328.84M | 294.81M | 193.01M | 189.92M |
| EBIT Margin | 8.50% | 9.38% | 11.34% | 10.42% | 7.61% | 8.52% |
| Effective Tax Rate | 26.70% | 26.33% | 25.58% | 25.45% | 26.82% | 25.09% |
| Revenue as Reported | 3.31B | 3.15B | 2.90B | 2.83B | 2.53B | 2.23B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 40.69M | 73.82M | 236.80M | 219.32M | 10.09M | 13.85M |
| Cash & Short-Term Investments | 40.69M | 73.82M | 236.80M | 219.32M | 10.09M | 13.85M |
| Accounts Receivable | 590.34M | 355.56M | 298.52M | 294.08M | 241.30M | 210.65M |
| Other Receivables | 16.05M | 8.05M | ||||
| Receivables | 590.34M | 355.56M | 298.52M | 294.08M | 257.35M | 218.70M |
| Inventory | 507.32M | 435.71M | 380.34M | 319.62M | 323.28M | 291.44M |
| Prepaid Expenses | 71.98M | 46.23M | 27.68M | 37.52M | 17.85M | 18.64M |
| Restricted Cash | 61.34M | 49.60M | 44.34M | 43.00M | ||
| Total Current Assets | 1.27B | 960.92M | 987.67M | 913.54M | 608.57M | 542.63M |
| Property, Plant & Equipment | 2.23B | 2.08B | 1.49B | 1.36B | 1.36B | 1.30B |
| Long-Term Investments | 60.41M | 55.32M | 45.82M | 41.22M | 36.70M | 38.48M |
| Goodwill | 584.00M | 519.67M | 297.23M | 274.48M | 274.54M | 276.43M |
| Other Intangible Assets | 33.67M | 32.68M | 29.41M | 10.82M | 13.43M | 16.23M |
| Other Long-Term Assets | 7.63M | |||||
| Total Assets | 4.18B | 3.65B | 2.85B | 2.60B | 2.29B | 2.18B |
| Accounts Payable | 227.94M | 145.58M | 140.83M | 107.66M | 87.37M | 82.60M |
| Accrued Expenses | 170.10M | 145.53M | 146.37M | 152.01M | 113.57M | 94.46M |
| Current Portion of Long-Term Debt | 17.22M | 11.71M | 10.47M | 7.08M | 238.21M | 108.23M |
| Current Portion of Leases | 16.54M | 15.94M | 14.84M | 12.95M | 13.21M | 15.00M |
| Current Income Taxes Payable | 18.80M | 11.25M | 8.29M | 9.30M | ||
| Current Unearned Revenue | 26.64M | 33.77M | 42.13M | 51.38M | 39.84M | 32.35M |
| Other Current Liabilities | 14.20M | 7.10M | 6.90M | 24.69M | 24.57M | |
| Total Current Liabilities | 477.24M | 377.99M | 370.04M | 347.27M | 516.89M | 357.20M |
| Long-Term Debt | 1.60B | 1.15B | 666.91M | 674.58M | 446.88M | 576.16M |
| Long-Term Leases | 34.80M | 36.65M | 34.53M | 31.76M | 32.66M | 35.13M |
| Pension & Post-Retirement Benefits | 15.91M | 13.84M | 17.25M | |||
| Long-Term Deferred Tax Liabilities | 296.47M | 287.92M | 174.73M | 174.54M | 175.80M | 168.53M |
| Other Long-Term Liabilities | 163.34M | 136.88M | 115.07M | 88.40M | 93.50M | 91.96M |
| Total Liabilities | 2.57B | 2.01B | 1.38B | 1.33B | 1.27B | 1.23B |
| Common Stock | 572.00K | 571.00K | 570.00K | 570.00K | 549.91M | 550.51M |
| Additional Paid-In Capital | 629.62M | 629.64M | 620.90M | 614.51M | ||
| Retained Earnings | 989.33M | 1.02B | 867.55M | 665.87M | 494.66M | 430.45M |
| Treasury Stock | -3.63M | -3.63M | -3.63M | -3.63M | -3.63M | -3.63M |
| Comprehensive Income & Other | -10.01M | -10.26M | -9.30M | -11.32M | -12.35M | -24.49M |
| Shareholders' Equity | 1.61B | 1.64B | 1.48B | 1.27B | 1.03B | 952.84M |
| Total Liabilities & Equity | 4.18B | 3.65B | 2.85B | 2.60B | 2.29B | 2.18B |
| Total Debt | 1.67B | 1.22B | 726.76M | 726.37M | 730.96M | 734.52M |
| Net Cash (Debt) | -1.63B | -1.14B | -489.96M | -507.04M | -720.87M | -720.67M |
| Net Cash Per Share | -28.59 | -20.11 | -8.62 | -8.95 | -12.74 | -12.74 |
| Filing Date Shares Outstanding | 56.76M | 56.66M | 56.61M | 56.58M | 56.57M | 80.00K |
| Total Common Shares Outstanding | 56.76M | 56.66M | 56.61M | 56.58M | 80.00K | 80.00K |
| Working Capital | 794.43M | 582.93M | 617.63M | 566.27M | 91.68M | 185.43M |
| Book Value Per Share | 28.29 | 28.96 | 26.07 | 22.38 | 12,857.36 | 11,910.55 |
| Tangible Book Value | 988.22M | 1.09B | 1.15B | 980.71M | 740.62M | 660.19M |
| Tangible Book Value Per Share | 17.41 | 19.21 | 20.30 | 17.33 | 9,257.74 | 8,252.38 |
| Land | 229.55M | 175.31M | 154.47M | 150.81M | 149.07M | |
| Buildings | 291.89M | 241.13M | 216.47M | 165.83M | 149.26M | |
| Machinery | 2.05B | 1.72B | 1.59B | 1.49B | 1.41B | |
| Construction In Progress | 90.07M | 43.53M | 28.84M | 88.16M | 50.43M | |
| Order Backlog | 1.03B | 745.60M | 662.20M | 818.90M | 611.10M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 139.89M | 157.07M | 201.68M | 182.87M | 116.22M | 129.75M |
| Depreciation & Amortization | 213.28M | 193.74M | 136.87M | 123.81M | 117.80M | 100.97M |
| Other Amortization | 3.97M | 3.72M | 2.76M | 3.12M | 483.00K | 402.00K |
| Loss (Gain) From Sale of Assets | -11.67M | -21.78M | -9.21M | -27.00K | -14.09M | -6.64M |
| Loss (Gain) From Sale of Investments | -4.23M | -2.94M | -2.92M | -2.20M | 2.52M | -1.63M |
| Loss (Gain) on Equity Investments | -712.00K | -259.00K | -279.00K | -286.00K | 438.00K | -373.00K |
| Stock-Based Compensation | 11.14M | 11.39M | 7.83M | 2.89M | 1.27M | 1.85M |
| Provision & Write-off of Bad Debts | 2.73M | 2.44M | 1.10M | 2.00M | 538.00K | 48.00K |
| Other Operating Activities | 29.81M | 25.89M | 530.00K | 3.47M | 11.28M | 21.49M |
| Change in Accounts Receivable | -99.80M | -44.04M | 14.06M | -54.82M | -32.51M | 15.36M |
| Change in Inventory | -19.78M | -13.44M | -44.30M | 3.65M | -31.03M | -42.44M |
| Change in Accounts Payable | 36.39M | -14.99M | 7.31M | 33.09M | 17.49M | -13.90M |
| Change in Other Net Operating Assets | 11.66M | -18.35M | 6.90M | 38.16M | 17.04M | -23.65M |
| Operating Cash Flow | 312.68M | 278.48M | 322.32M | 335.73M | 207.44M | 181.24M |
| Capital Expenditures | -269.62M | -348.04M | -172.43M | -124.28M | -178.16M | -174.23M |
| Sale of Property, Plant & Equipment | 20.82M | 47.47M | 12.00M | 8.28M | 22.88M | 12.02M |
| Cash Acquisitions | -292.48M | -609.99M | -130.98M | 1.75M | -235.22M | |
| Investment in Securities | -3.03M | -3.10M | -3.39M | -1.89M | -2.34M | -837.00K |
| Investing Cash Flow | -544.31M | -913.66M | -294.80M | -117.89M | -155.88M | -398.27M |
| Short-Term Debt Issued | 208.00M | |||||
| Long-Term Debt Issued | 500.00M | 905.27M | 281.98M | |||
| Total Debt Issued | 278.00M | 500.00M | 905.27M | 208.00M | 281.98M | |
| Long-Term Debt Repaid | -8.81M | -7.04M | -3.65M | -207.31M | -221.00K | |
| Net Debt Issued (Repaid) | 265.25M | 491.19M | -7.04M | 901.62M | 695.00K | 281.76M |
| Repurchase of Common Stock | -5.42M | -2.65M | -1.67M | |||
| Other Financing Activities | -3.83M | -11.07M | -867.23M | -56.02M | -57.96M | |
| Financing Cash Flow | 255.99M | 477.47M | -8.71M | 34.39M | -55.32M | 223.80M |
| Net Cash Flow | 24.36M | -157.72M | 18.81M | 252.23M | -3.76M | 6.78M |
| Free Cash Flow | 43.06M | -69.57M | 149.90M | 211.44M | 29.28M | 7.01M |
| Free Cash Flow Margin | 1.30% | -2.21% | 5.17% | 7.47% | 1.16% | 0.32% |
| Free Cash Flow Per Share | 0.76 | -1.22 | 2.64 | 3.73 | 0.52 | 0.12 |
| Levered Free Cash Flow | -3.50M | -136.58M | 106.86M | 119.50M | 5.00M | |
| Unlevered Free Cash Flow | 48.55M | -89.09M | 138.62M | 152.70M | 23.35M | |
| Cash Income Tax Paid | 38.71M | 41.77M | 62.18M | 76.69M | 21.19M | 34.78M |
| Change in Working Capital | -71.53M | -90.82M | -16.03M | 20.09M | -29.02M | -64.64M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.26B | 3.99B | 5.75B | 3.74B | ||
| Enterprise Value | 4.89B | 5.19B | 6.26B | 4.35B | ||
| Last Close Price | 57.50 | 70.35 | 101.64 | 66.18 | ||
| PE Ratio | 23.39 | 25.38 | 28.53 | 20.47 | ||
| Forward PE | 22.26 | 23.02 | 25.33 | 20.46 | ||
| PS Ratio | 0.99 | 1.27 | 1.99 | 1.32 | ||
| PB Ratio | 2.03 | 2.43 | 3.90 | 2.96 | ||
| P/TBV Ratio | 3.30 | 3.66 | 5.01 | 3.82 | ||
| P/FCF Ratio | 75.80 | 38.39 | 17.70 | |||
| P/OCF Ratio | 10.44 | 14.31 | 17.85 | 11.15 | ||
| PEG Ratio | 1.32 | 2.62 | 2.43 | 0.79 | ||
| EV/Sales Ratio | 1.48 | 1.65 | 2.16 | 1.54 | ||
| EV/EBITDA Ratio | 9.89 | 10.62 | 13.44 | 10.40 | ||
| EV/EBIT Ratio | 17.40 | 17.60 | 19.04 | 14.77 | ||
| EV/FCF Ratio | 113.60 | 41.76 | 20.59 | |||
| Debt / Equity Ratio | 1.04 | 0.74 | 0.49 | 0.57 | 0.71 | 0.77 |
| Debt / EBITDA Ratio | 2.96 | 2.17 | 1.34 | 1.48 | 1.90 | 2.01 |
| Debt / FCF Ratio | 38.75 | 4.85 | 3.44 | 24.96 | 104.77 | |
| Net Debt / Equity Ratio | 1.01 | 0.70 | 0.33 | 0.40 | 0.70 | 0.76 |
| Net Debt / EBITDA Ratio | 3.29 | 2.34 | 1.05 | 1.21 | 2.32 | 2.48 |
| Net Debt / FCF Ratio | 37.81 | -16.45 | 3.27 | 2.40 | 24.62 | 102.79 |
| Asset Turnover | 0.85 | 0.97 | 1.06 | 1.16 | 1.13 | |
| Inventory Turnover | 5.51 | 6.29 | 6.66 | 7.13 | 7.07 | |
| Quick Ratio | 1.32 | 1.14 | 1.45 | 1.48 | 0.52 | 0.65 |
| Current Ratio | 2.67 | 2.54 | 2.67 | 2.63 | 1.18 | 1.52 |
| Return on Equity (ROE) | 9.12% | 10.08% | 14.71% | 15.94% | 11.73% | |
| Return on Assets (ROA) | 4.50% | 5.67% | 7.54% | 7.53% | 5.39% | |
| Return on Invested Capital (ROIC) | 6.58% | 9.15% | 13.09% | 12.48% | 8.25% | 8.50% |
| Return on Capital Employed (ROCE) | 7.60% | 9.00% | 13.30% | 13.10% | 10.90% | 10.40% |
| Earnings Yield | 4.28% | 3.94% | 3.50% | 4.88% | ||
| FCF Yield | 1.32% | -1.75% | 2.60% | 5.65% | ||
| Buyback Yield / Dilution | -0.30% | -0.09% | -0.31% | -0.18% |