8-K Announcements
6Material company update
May 5, 2026·SEC
Material company update
Feb 17, 2026·SEC
Material company update
Nov 4, 2025·SEC
Knife River Corporation(KNF)Earnings, Financials & Key Ratios
KNF•NYSE
$81.54
29.5× P/E·Price updated Jul 7, 2026
AboutKnife River Corporation provides aggregates-based construction materials and contracting services in the United States. It operates through six segments: Pacific, Northwest, Mountain, North Central, South, and Energy Services. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete, as well as provides contracting services to support the aggregate-based product lines, including heavy-civil construction, asphalt and concrete paving, and site development and grading. It serves federal, state, and municipal governments for various projects, such as highways, bridges, airports, schools, public buildings, and other public-infrastructure projects. The company was founded in 1917 and is based in Bismarck, North Dakota.Show more
- Revenue$3.15B+8.5%
- EBITDA$480M+5.8%
- Net Income$157M-22.1%
- EPS (Diluted)2.76-22.3%
- Gross Margin18.35%-6.6%
- EBITDA Margin15.24%-2.5%
- Operating Margin9.08%-16.7%
- Net Margin4.99%-28.2%
- ROE10.08%-31.5%
KNF Price & Volume
Knife River Corporation (KNF) stock price & volume — 10-year historical chart
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Seasonal Cyclicality Masks Aggressive Debt-Funded Expansion
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Seasonal Margin Volatility
Key Thesis Takeaways
- Knife River Corporation is currently navigating a high-growth phase characterized by aggressive, debt-funded acquisitions that have pushed total debt to $1.5 billion as of 2026Q1.
- While the company demonstrates significant revenue potential with 16.0% growth in 2026Q1, investors should monitor the extreme seasonal margin volatility that saw gross margins drop to -0.7% during the same period.
- The long-term thesis depends on whether management can successfully integrate its expanding asset base and achieve sustainable profitability despite the inherent risks of its capital-intensive, weather-dependent business model.
Verdict Logic
while the company is aggressively expanding its footprint, the current 33.68 P/E TTM and the recent swing to a $79.2 million net loss in 2026Q1 suggest that investors should wait for more consistent, non-seasonal earnings performance.
KNF Growth Metrics
Knife River Corporation (KNF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years7.47%
TTM9.57%
Profit CAGR
10 Years-
5 Years-
3 Years10.57%
TTM-18.85%
EPS CAGR
10 Years-
5 Years-
3 Years10.42%
TTM-18.93%
Return on Capital
10 Years11.85%
5 Years11.85%
3 Years12.67%
Last Year9.94%
KNF Recent Earnings
Knife River Corporation (KNF) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$1.40+1.4%
$1.42
Rev
$410M+6.0%
$387M
Q1 2026
Feb 17, 2026Metric
Actual
Est
EPS
$0.56+36.6%
$0.41
Rev
$755M+4.0%
$726M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$2.52+2.9%
$2.45
Rev
$1.2B+65.7%
$727M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.89-29.9%
$1.27
Rev
$834M-33.7%
$1.3B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $1.40vs $1.42+1.4% | $410Mvs $387M+6.0% |
| Q1 2026 | Feb 17, 2026 | $0.56vs $0.41+36.6% | $755Mvs $726M+4.0% |
| Q4 2025 | Nov 4, 2025 | $2.52vs $2.45+2.9% | $1.2Bvs $727M+65.7% |
| Q3 2025 | Aug 5, 2025 | $0.89vs $1.27-29.9% | $834Mvs $1.3B-33.7% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Knife River Corporation (KNF)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $81.54 | $4.63B | 29.54 | 8.52% | 4.99% | 10.08% | — | |
| $594.17 | $35.84B | 31.60 | 0.12% | 38.67% | 25.07% | — | |
| $299.90 | $38.91B | 36.93 | 6.94% | 13.88% | 13.07% | — | |
| $99.86 | $2.86B | 21.38 | 17.31% | 35.4% | 21.28% | — | |
| $106.21 | $70.97B | 19.28 | 9.01% | 9.04% | 22.18% | — | |
| $213.02 | $6.59B | 16.24 | 2.13% | 18.36% | 28.27% | — |
Compare KNF vs Peers
Knife River Corporation (KNF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
KNF SEC Filings & Documents
Knife River Corporation (KNF) SEC filings — annual & quarterly reports (10-K, 10-Q)
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KNF Frequently Asked Questions
Knife River Corporation (KNF) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Knife River Corporation's revenue?
Knife River Corporation (KNF) reported $3.20B in revenue for fiscal year 2025. This represents a 44% increase from $2.23B in 2021.
How fast is Knife River Corporation growing?
Knife River Corporation (KNF) grew revenue by 8.5% over the past year. This is steady growth.
Is KNF profitable?
Yes, Knife River Corporation (KNF) is profitable, generating $146.6M in net income for fiscal year 2025 (5.0% net margin).
Dividend & Returns
What is KNF's return on equity?
Knife River Corporation (KNF) has a return on equity (ROE) of 10.1%. This is reasonable for most industries.
What is Knife River Corporation's free cash flow?
Knife River Corporation (KNF) had negative free cash flow of $5.3M in fiscal year 2025, likely due to heavy capital investments.