KNFNYSEMining & Quarrying of Nonmetallic Minerals (No Fuels)Fiscal year ends December 31
Knife River Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$49.58−0.92 (-1.82%)
Close on Oct 19, 2026
- Market cap
- $2.82B
- P/E (TTM)
- 20.2
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
18.4%
Operating margin
9.1%
Net margin
5.0%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.5% | +7.5% | – | – | |
| Gross profit | +1.3% | +17.0% | – | – | |
| Operating income | -9.6% | +13.7% | – | – | |
| Net income | -22.1% | +10.6% | – | – | |
| EPS, diluted | -22.3% | +10.4% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 10.1% | |
| Return on assets | – | – | 4.8% | |
| Current ratio | – | – | 2.54 | |
| Debt to equity | – | – | 0.71 | |
| Net debt to EBITDA | – | – | 2.28× | |
| Interest coverage | – | – | 3.5× | |
| Inventory turnover | – | – | 6.3× | |
| Capex to revenue | – | – | 11.1% | |
| Diluted shares | – | – | 57M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Knife River generated $1.33B from operations and spent $997.14M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$1.33B
Used
$997.14M
Capital expenditure$997.14M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.0%
×Asset turnover0.97×
×Equity multiplier2.09×
=Return on equity, FY202510.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.0% | 0.97× | 2.09× | 10.1% |
| FY2024 | 7.0% | 1.06× | 1.99× | 14.7% |
| FY2023 | 6.5% | 1.16× | 2.13× | 15.9% |
| FY2022 | 4.6% | 1.13× | 2.26× | 11.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$157.07M
- Cash generatingOperating cash flow above zero$278.48M
- Return on assets improvedROA up on the prior year7.8% → 5.5%
- Earnings backed by cashOperating cash flow above net income$278.48M vs $157.07M
- Less leverageLong-term debt to assets fell23.4% → 31.6%
- Better liquidityCurrent ratio rose2.67 → 2.54
- No dilutionShare count did not rise57M → 57M
- Gross margin improvedGross margin up on the prior year19.66% → 18.35%
- More efficientAsset turnover rose1.12 → 1.10