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Knife River (KNF) Financials

Knife River logo
$80.60 -0.61 (-0.75%)
Closing price 07/3/2025 03:30 PM Eastern
Extended Trading
$80.56 -0.04 (-0.06%)
As of 07/3/2025 04:57 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Knife River

Annual Income Statements for Knife River

This table shows Knife River's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
130 116 183 202
Consolidated Net Income / (Loss)
130 116 183 202
Net Income / (Loss) Continuing Operations
130 116 183 202
Total Pre-Tax Income
173 159 245 271
Total Operating Income
191 194 296 316
Total Gross Profit
347 361 539 570
Total Revenue
2,229 2,535 2,830 2,899
Total Cost of Revenue
1,882 2,174 2,291 2,329
Total Operating Expenses
156 167 243 254
Selling, General & Admin Expense
156 167 243 254
Total Other Income / (Expense), net
-18 -35 -51 -45
Interest Expense
19 30 58 55
Other Income / (Expense), net
1.36 -5.35 7.01 10
Income Tax Expense
43 43 62 69
Basic Earnings per Share
$2.29 $2.05 $3.23 $3.56
Weighted Average Basic Shares Outstanding
56.57M 56.57M 56.57M 56.61M
Diluted Earnings per Share
$2.29 $2.05 $3.23 $3.55
Weighted Average Diluted Shares Outstanding
56.57M 56.57M 56.67M 56.84M
Weighted Average Basic & Diluted Shares Outstanding
- - 56.58M 56.61M

Quarterly Income Statements for Knife River

This table shows Knife River's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders
100 - -41 57 147 21 -48 78 148 23 -69
Consolidated Net Income / (Loss)
100 - -41 57 147 21 -48 78 148 23 -69
Net Income / (Loss) Continuing Operations
100 - -41 57 147 21 -48 78 148 23 -69
Total Pre-Tax Income
133 - -53 77 195 27 -64 104 198 33 -93
Total Operating Income
143 - -45 94 210 37 -54 117 209 44 -83
Total Gross Profit
184 - 4.10 153 269 112 6.49 176 273 114 -9.60
Total Revenue
975 - 308 785 1,090 647 330 807 1,105 657 353
Total Cost of Revenue
791 - 304 632 821 534 323 631 832 543 363
Total Operating Expenses
42 - 49 59 59 75 60 59 64 70 73
Selling, General & Admin Expense
42 - 49 59 59 75 60 59 64 70 73
Total Other Income / (Expense), net
-10 - -8.67 -17 -15 -10 -10 -13 -11 -11 -11
Interest Expense
8.82 - 9.50 19 15 14 14 14 14 13 15
Other Income / (Expense), net
-1.28 - 0.83 2.48 0.01 3.70 3.75 1.30 2.49 2.50 4.57
Income Tax Expense
33 - -12 20 48 6.11 -16 26 50 9.87 -25
Basic Earnings per Share
$1.76 - ($0.73) $1.00 $2.59 $0.37 ($0.84) $1.38 $2.62 $0.40 ($1.21)
Weighted Average Basic Shares Outstanding
56.57M 56.57M 56.57M 56.57M 56.57M 56.57M 56.59M 56.61M 56.61M 56.61M 56.63M
Diluted Earnings per Share
$1.76 - ($0.73) $1.00 $2.58 $0.38 ($0.84) $1.37 $2.60 $0.42 ($1.21)
Weighted Average Diluted Shares Outstanding
56.57M 56.57M 56.57M 56.60M 56.74M 56.67M 56.59M 56.81M 56.87M 56.84M 56.63M
Weighted Average Basic & Diluted Shares Outstanding
- 0.00 - - 56.57M 56.58M 56.61M 56.61M 56.61M 56.61M 56.65M

Annual Cash Flow Statements for Knife River

This table details how cash moves in and out of Knife River's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
6.78 -3.76 252 19
Net Cash From Operating Activities
181 207 336 322
Net Cash From Continuing Operating Activities
181 207 336 322
Net Income / (Loss) Continuing Operations
130 116 183 202
Consolidated Net Income / (Loss)
130 116 183 202
Depreciation Expense
101 118 124 137
Amortization Expense
0.40 0.48 3.12 2.76
Non-Cash Adjustments To Reconcile Net Income
-6.04 -8.44 1.80 -4.51
Changes in Operating Assets and Liabilities, net
-44 -19 24 -14
Net Cash From Investing Activities
-398 -156 -118 -295
Net Cash From Continuing Investing Activities
-398 -156 -118 -295
Purchase of Property, Plant & Equipment
-174 -178 -124 -172
Acquisitions
-235 1.75 0.00 -131
Sale of Property, Plant & Equipment
12 23 8.28 12
Sale and/or Maturity of Investments
-0.84 -2.34 -1.89 -3.39
Net Cash From Financing Activities
224 -55 34 -8.71
Net Cash From Continuing Financing Activities
224 -55 34 -8.71
Repayment of Debt
282 -0.11 185 -7.04
Issuance of Debt
0.00 0.00 700 0.00
Other Financing Activities, net
-58 -55 -851 -1.67

Quarterly Cash Flow Statements for Knife River

This table details how cash moves in and out of Knife River's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents
- -8.94 -2.87 61 48 146 -92 -113 210 14 -143
Net Cash From Operating Activities
- 168 -79 8.90 223 183 -43 -47 240 172 -125
Net Cash From Continuing Operating Activities
- 168 -79 8.90 223 183 -43 -47 240 172 -125
Net Income / (Loss) Continuing Operations
- 18 -41 57 147 21 -48 78 148 23 -69
Consolidated Net Income / (Loss)
- 18 -41 57 147 21 -48 78 148 23 -69
Depreciation Expense
- 29 30 31 32 31 32 35 35 35 39
Amortization Expense
- 0.13 0.13 1.93 0.37 0.69 0.69 0.69 0.69 0.69 0.79
Non-Cash Adjustments To Reconcile Net Income
- -9.21 -2.69 0.04 0.96 3.50 -0.48 -2.46 -1.51 -0.06 -1.91
Changes in Operating Assets and Liabilities, net
- 130 -65 -81 44 127 -28 -157 58 113 -94
Net Cash From Investing Activities
- -38 -41 -23 -19 -35 -45 -65 -28 -157 -504
Net Cash From Continuing Investing Activities
- -38 -41 -23 -19 -35 -45 -65 -28 -157 -504
Purchase of Property, Plant & Equipment
- -56 -42 -24 -20 -38 -44 -60 -24 -45 -75
Acquisitions
- 1.30 - - - - - - -4.80 -116 -443
Purchase of Investments
- - - - - - - - - - -2.76
Sale of Property, Plant & Equipment
- 17 3.22 0.90 1.11 3.06 1.63 5.14 0.84 4.39 18
Net Cash From Financing Activities
- -139 117 76 -157 -1.74 -3.38 -1.79 -1.77 -1.77 486
Net Cash From Continuing Financing Activities
- -139 117 76 -157 -1.74 -3.38 -1.79 -1.77 -1.77 486
Repayment of Debt
- -126 -0.09 189 -1.76 -1.76 -1.74 -1.77 -1.77 -1.77 -11
Issuance of Debt
- - 132 723 -155 - - - - - 500
Other Financing Activities, net
- -13 -14 -836 - - -1.65 -0.03 - - -2.65

Annual Balance Sheets for Knife River

This table presents Knife River's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets
2,294 2,600 2,851
Total Current Assets
609 914 988
Cash & Equivalents
10 262 281
Accounts Receivable
210 267 267
Inventories, net
323 320 380
Other Current Assets
65 65 59
Plant, Property, & Equipment, net
1,315 1,315 1,442
Total Noncurrent Assets
371 371 422
Goodwill
275 274 297
Intangible Assets
13 11 29
Other Noncurrent Operating Assets
83 86 95
Total Liabilities & Shareholders' Equity
2,294 2,600 2,851
Total Liabilities
1,266 1,334 1,375
Total Current Liabilities
517 347 370
Short-Term Debt
238 7.08 10
Accounts Payable
87 108 141
Current Deferred Revenue
40 51 42
Current Deferred & Payable Income Tax Liabilities
- 9.30 8.29
Current Employee Benefit Liabilities
29 48 51
Other Current Liabilities
122 117 112
Other Current Nonoperating Liabilities
- 7.25 5.54
Total Noncurrent Liabilities
749 987 1,005
Long-Term Debt
447 675 667
Noncurrent Deferred & Payable Income Tax Liabilities
176 175 175
Other Noncurrent Operating Liabilities
126 137 163
Commitments & Contingencies
0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,029 1,266 1,476
Total Preferred & Common Equity
1,029 1,266 1,476
Total Common Equity
1,029 1,266 1,476
Common Stock
550 615 621
Retained Earnings
495 666 868
Treasury Stock
0.00 -3.63 -3.63
Accumulated Other Comprehensive Income / (Loss)
-12 -11 -9.30

Quarterly Balance Sheets for Knife River

This table presents Knife River's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets
2,327 2,643 2,681 2,514 2,683 2,884 3,281
Total Current Assets
639 958 1,011 818 950 1,160 947
Cash & Equivalents
7.22 68 116 171 57 267 138
Accounts Receivable
175 419 492 184 423 449 238
Inventories, net
373 374 315 376 385 347 467
Other Current Assets
84 97 89 88 84 96 103
Plant, Property, & Equipment, net
1,317 1,311 1,300 1,321 1,355 1,346 1,744
Total Noncurrent Assets
370 373 370 375 378 378 590
Goodwill
275 274 274 274 275 275 450
Intangible Assets
13 12 11 10 10 9.85 42
Other Noncurrent Operating Assets
83 87 84 91 92 93 99
Total Liabilities & Shareholders' Equity
2,327 2,643 2,681 2,514 2,683 2,884 3,281
Total Liabilities
1,352 1,548 1,438 1,295 1,384 1,435 1,873
Total Current Liabilities
473 384 425 297 378 426 322
Short-Term Debt
238 7.08 7.08 7.07 7.07 8.79 12
Accounts Payable
80 175 149 97 164 181 112
Current Deferred Revenue
37 45 59 51 45 45 42
Current Deferred & Payable Income Tax Liabilities
- 30 53 - 16 16 14
Current Employee Benefit Liabilities
14 26 38 18 29 42 19
Other Current Liabilities
103 94 103 109 110 120 107
Other Current Nonoperating Liabilities
0.00 7.91 16 15 7.17 14 16
Total Noncurrent Liabilities
879 1,164 1,013 998 1,006 1,009 1,551
Long-Term Debt
0.36 832 676 674 672 670 1,160
Noncurrent Deferred & Payable Income Tax Liabilities
175 171 174 174 179 188 222
Other Noncurrent Operating Liabilities
703 161 163 150 154 151 169
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
975 1,095 1,243 1,219 1,299 1,449 1,408
Total Preferred & Common Equity
975 1,095 1,243 1,219 1,299 1,449 1,408
Total Common Equity
975 1,095 1,243 1,219 1,299 1,449 1,408
Common Stock
549 612 614 615 617 619 622
Retained Earnings
442 499 645 618 696 844 799
Treasury Stock
0.00 -3.63 -3.63 -3.63 -3.63 -3.63 -3.63
Accumulated Other Comprehensive Income / (Loss)
-12 -12 -12 -11 -11 -11 -9.24

Annual Metrics And Ratios for Knife River

This table displays calculated financial ratios and metrics derived from Knife River's official financial filings.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - - -
Revenue Growth
0.00% 13.72% 11.66% 2.43%
EBITDA Growth
0.00% 4.57% 40.07% 8.26%
EBIT Growth
0.00% -1.81% 60.58% 7.53%
NOPAT Growth
0.00% -0.67% 55.41% 6.50%
Net Income Growth
0.00% -10.43% 57.35% 10.28%
EPS Growth
0.00% -10.48% 57.56% 9.91%
Operating Cash Flow Growth
0.00% 14.46% 61.84% -3.99%
Free Cash Flow Firm Growth
0.00% 0.00% 114.85% -78.42%
Invested Capital Growth
0.00% 0.00% -0.65% 10.95%
Revenue Q/Q Growth
0.00% 0.00% 0.00% 0.36%
EBITDA Q/Q Growth
0.00% 0.00% 246.17% 2.13%
EBIT Q/Q Growth
0.00% 0.00% 0.00% 1.76%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% 1.11%
Net Income Q/Q Growth
0.00% 0.00% 0.00% 1.29%
EPS Q/Q Growth
0.00% 0.00% 0.00% 1.14%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 4.60% -3.12%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% -72.90%
Invested Capital Q/Q Growth
0.00% 0.00% -7.29% 0.22%
Profitability Metrics
- - - -
Gross Margin
15.57% 14.24% 19.04% 19.66%
EBITDA Margin
13.18% 12.12% 15.20% 16.07%
Operating Margin
8.57% 7.67% 10.47% 10.91%
EBIT Margin
8.63% 7.45% 10.72% 11.25%
Profit (Net Income) Margin
5.82% 4.59% 6.46% 6.96%
Tax Burden Percent
74.91% 73.18% 74.55% 74.42%
Interest Burden Percent
90.01% 84.06% 80.85% 83.07%
Effective Tax Rate
25.09% 26.82% 25.45% 25.58%
Return on Invested Capital (ROIC)
0.00% 16.69% 13.01% 13.18%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 9.00% 6.10% 5.06%
Return on Net Nonoperating Assets (RNNOA)
0.00% 5.91% 2.93% 1.53%
Return on Equity (ROE)
0.00% 22.60% 15.94% 14.71%
Cash Return on Invested Capital (CROIC)
0.00% -183.31% 13.66% 2.80%
Operating Return on Assets (OROA)
0.00% 8.24% 12.40% 11.97%
Return on Assets (ROA)
0.00% 5.07% 7.47% 7.40%
Return on Common Equity (ROCE)
0.00% 22.60% 15.94% 14.71%
Return on Equity Simple (ROE_SIMPLE)
0.00% 11.30% 14.44% 13.66%
Net Operating Profit after Tax (NOPAT)
143 142 221 235
NOPAT Margin
6.42% 5.61% 7.81% 8.12%
Net Nonoperating Expense Percent (NNEP)
0.00% 7.69% 6.91% 8.12%
Return On Investment Capital (ROIC_SIMPLE)
- 8.30% 11.34% 10.93%
Cost of Revenue to Revenue
84.43% 85.76% 80.96% 80.34%
SG&A Expenses to Revenue
6.99% 6.57% 8.57% 8.75%
R&D to Revenue
0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
6.99% 6.57% 8.57% 8.75%
Earnings before Interest and Taxes (EBIT)
192 189 303 326
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
294 307 430 466
Valuation Ratios
- - - -
Price to Book Value (P/BV)
0.00 0.00 2.96 3.90
Price to Tangible Book Value (P/TBV)
0.00 0.00 3.82 5.01
Price to Revenue (P/Rev)
0.00 0.00 1.32 1.98
Price to Earnings (P/E)
0.00 0.00 20.47 28.53
Dividend Yield
0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 4.89% 3.50%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 2.46 3.28
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 1.47 2.12
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 9.67 13.20
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 13.72 18.85
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 18.84 26.14
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 12.40 19.08
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 17.95 122.90
Leverage & Solvency
- - - -
Debt to Equity
0.00 0.67 0.54 0.46
Long-Term Debt to Equity
0.00 0.43 0.53 0.45
Financial Leverage
0.00 0.66 0.48 0.30
Leverage Ratio
0.00 2.23 2.13 1.99
Compound Leverage Factor
0.00 1.88 1.72 1.65
Debt to Total Capital
0.00% 39.98% 35.00% 31.46%
Short-Term Debt to Total Capital
0.00% 13.90% 0.36% 0.49%
Long-Term Debt to Total Capital
0.00% 26.08% 34.64% 30.97%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% 60.02% 65.00% 68.54%
Debt to EBITDA
0.00 2.23 1.58 1.45
Net Debt to EBITDA
0.00 2.20 0.97 0.85
Long-Term Debt to EBITDA
0.00 1.45 1.57 1.43
Debt to NOPAT
0.00 4.82 3.09 2.88
Net Debt to NOPAT
0.00 4.75 1.90 1.68
Long-Term Debt to NOPAT
0.00 3.14 3.05 2.83
Altman Z-Score
0.00 0.00 3.78 4.59
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - -
Current Ratio
0.00 1.18 2.63 2.67
Quick Ratio
0.00 0.43 1.52 1.48
Cash Flow Metrics
- - - -
Free Cash Flow to Firm (FCFF)
0.00 -1,561 232 50
Operating Cash Flow to CapEx
111.73% 133.59% 289.42% 200.91%
Free Cash Flow to Firm to Interest Expense
0.00 -51.84 3.99 0.91
Operating Cash Flow to Interest Expense
9.43 6.89 5.78 5.83
Operating Cash Flow Less CapEx to Interest Expense
0.99 1.73 3.78 2.93
Efficiency Ratios
- - - -
Asset Turnover
0.00 1.10 1.16 1.06
Accounts Receivable Turnover
0.00 12.06 11.87 10.86
Inventory Turnover
0.00 6.72 7.13 6.66
Fixed Asset Turnover
0.00 1.93 2.15 2.10
Accounts Payable Turnover
0.00 24.88 23.50 18.75
Days Sales Outstanding (DSO)
0.00 30.26 30.75 33.62
Days Inventory Outstanding (DIO)
0.00 54.28 51.20 54.84
Days Payable Outstanding (DPO)
0.00 14.67 15.53 19.47
Cash Conversion Cycle (CCC)
0.00 69.87 66.42 68.99
Capital & Investment Metrics
- - - -
Invested Capital
0.00 1,704 1,693 1,878
Invested Capital Turnover
0.00 2.98 1.67 1.62
Increase / (Decrease) in Invested Capital
0.00 1,704 -11 185
Enterprise Value (EV)
0.00 0.00 4,163 6,150
Market Capitalization
0.00 0.00 3,744 5,754
Book Value per Share
$0.00 $18.18 $22.38 $26.07
Tangible Book Value per Share
$0.00 $13.09 $17.34 $20.30
Total Capital
0.00 1,714 1,948 2,153
Total Debt
0.00 685 682 677
Total Long-Term Debt
0.00 447 675 667
Net Debt
0.00 675 419 396
Capital Expenditures (CapEx)
162 155 116 160
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 320 311 347
Debt-free Net Working Capital (DFNWC)
0.00 330 573 628
Net Working Capital (NWC)
0.00 92 566 618
Net Nonoperating Expense (NNE)
13 26 38 34
Net Nonoperating Obligations (NNO)
0.00 675 427 402
Total Depreciation and Amortization (D&A)
101 118 127 140
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 12.62% 10.99% 11.97%
Debt-free Net Working Capital to Revenue
0.00% 13.01% 20.26% 21.67%
Net Working Capital to Revenue
0.00% 3.62% 20.01% 21.30%
Earnings Adjustments
- - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $3.23 $3.56
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 56.57M 56.61M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $3.23 $3.55
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 56.67M 56.84M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 56.58M 56.61M
Normalized Net Operating Profit after Tax (NOPAT)
143 142 221 235
Normalized NOPAT Margin
6.42% 5.61% 7.81% 8.12%
Pre Tax Income Margin
7.77% 6.27% 8.67% 9.35%
Debt Service Ratios
- - - -
EBIT to Interest Expense
10.01 6.27 5.22 5.91
NOPAT to Interest Expense
7.45 4.72 3.80 4.26
EBIT Less CapEx to Interest Expense
1.57 1.12 3.23 3.00
NOPAT Less CapEx to Interest Expense
-0.99 -0.44 1.81 1.36
Payout Ratios
- - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Knife River

This table displays calculated financial ratios and metrics derived from Knife River's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
0.00% 0.00% 0.00% 0.00% 11.78% 0.00% 7.04% 2.77% 1.37% 1.60% 7.25%
EBITDA Growth
0.00% 0.00% 0.00% 0.00% 71.10% 148.12% -22.18% 18.74% 1.97% 13.30% -125.68%
EBIT Growth
0.00% 0.00% 0.00% 0.00% 48.43% 0.00% -14.27% 22.95% 0.66% 13.79% -56.24%
NOPAT Growth
0.00% 0.00% 0.00% 0.00% 47.54% 0.00% -20.56% 26.33% -0.96% 7.64% -53.84%
Net Income Growth
0.00% 0.00% 0.00% 0.00% 47.16% 0.00% -15.27% 37.11% 0.99% 12.43% -44.26%
EPS Growth
0.00% 0.00% 0.00% 0.00% 46.59% 0.00% -15.07% 37.00% 0.78% 10.53% -44.05%
Operating Cash Flow Growth
0.00% 0.00% 0.00% 0.00% 0.00% 8.78% 45.50% -623.17% 7.33% -5.67% -189.93%
Free Cash Flow Firm Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 106.51% -488.65% -33.97%
Invested Capital Growth
0.00% 0.00% 0.00% 0.00% 0.00% -0.65% 44.60% 2.93% 2.63% 10.95% 40.89%
Revenue Q/Q Growth
0.00% 0.00% 0.00% 155.01% 38.87% -40.67% -49.05% 144.82% 36.98% -40.54% -46.22%
EBITDA Q/Q Growth
0.00% -79.26% -147.58% 1,023.50% 87.76% -69.92% -123.43% 997.47% 61.24% -66.58% -146.66%
EBIT Q/Q Growth
0.00% -100.00% 0.00% 319.52% 118.96% -80.54% -222.19% 336.20% 79.27% -78.01% -267.78%
NOPAT Q/Q Growth
0.00% -100.00% 0.00% 321.74% 128.72% -81.84% -230.92% 332.35% 79.30% -80.27% -287.11%
Net Income Q/Q Growth
0.00% 0.00% 0.00% 237.55% 158.03% -85.88% -330.08% 263.62% 90.05% -84.29% -395.22%
EPS Q/Q Growth
0.00% 0.00% 0.00% 236.99% 158.00% -85.27% -321.05% 263.10% 89.78% -83.85% -388.10%
Operating Cash Flow Q/Q Growth
0.00% 0.00% -147.18% 111.23% 2,408.76% -18.14% -123.64% -7.77% 614.67% -28.05% -172.65%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 102.38% -1,549.14% 105.65% 233.75% -242.13% -399.53%
Invested Capital Q/Q Growth
0.00% 0.00% -29.20% 55.32% -2.55% -7.29% 3.04% 10.56% -2.83% 0.22% 30.85%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
18.91% 0.00% 1.33% 19.48% 24.71% 17.39% 1.97% 21.84% 24.70% 17.36% -2.71%
EBITDA Margin
14.52% 0.00% -4.54% 16.44% 22.23% 11.27% -5.18% 18.99% 22.36% 12.57% -10.90%
Operating Margin
14.65% 0.00% -14.47% 11.91% 19.28% 5.75% -16.30% 14.47% 18.92% 6.70% -23.38%
EBIT Margin
14.52% 0.00% -14.20% 12.23% 19.28% 6.32% -15.16% 14.63% 19.15% 7.08% -22.09%
Profit (Net Income) Margin
10.22% 0.00% -13.42% 7.24% 13.45% 3.20% -14.45% 9.66% 13.40% 3.54% -19.44%
Tax Burden Percent
75.03% 0.00% 77.62% 73.95% 75.26% 77.21% 74.47% 74.85% 74.92% 70.21% 73.61%
Interest Burden Percent
93.78% 0.00% 121.71% 80.05% 92.70% 65.55% 127.96% 88.19% 93.41% 71.22% 119.55%
Effective Tax Rate
24.97% 0.00% 0.00% 26.05% 24.74% 22.79% 0.00% 25.15% 25.08% 29.79% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 7.40% -22.06% 16.37% 22.14% 7.64% -22.78%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 5.94% -24.71% 15.03% 20.44% 5.79% -24.15%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00% 0.00% 0.00% 2.85% -8.53% 8.84% 7.65% 1.75% -14.49%
Return on Equity (ROE)
0.00% 0.00% 0.00% 0.00% 0.00% 10.26% -30.59% 25.21% 29.79% 9.39% -37.26%
Cash Return on Invested Capital (CROIC)
0.00% -91.65% 0.00% 0.00% 0.00% 13.66% -21.81% 9.44% 9.98% 2.80% -23.73%
Operating Return on Assets (OROA)
0.00% 0.00% 0.00% 0.00% 0.00% 7.31% -17.87% 15.79% 19.88% 7.53% -22.29%
Return on Assets (ROA)
0.00% 0.00% 0.00% 0.00% 0.00% 3.70% -17.03% 10.42% 13.91% 3.77% -19.61%
Return on Common Equity (ROCE)
0.00% 0.00% 0.00% 0.00% 0.00% 10.26% -30.59% 25.21% 29.79% 9.39% -37.26%
Return on Equity Simple (ROE_SIMPLE)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 14.49% 15.22% 13.74% 0.00% 12.83%
Net Operating Profit after Tax (NOPAT)
107 0.00 -31 69 158 29 -38 87 157 31 -58
NOPAT Margin
10.99% 0.00% -10.13% 8.81% 14.51% 4.44% -11.41% 10.83% 14.18% 4.70% -16.37%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 4.38% 1.58% 3.96% 1.46% 2.65% 1.34% 1.70% 1.85% 1.38%
Return On Investment Capital (ROIC_SIMPLE)
- 0.00% - - - 1.47% - - - 1.44% -2.24%
Cost of Revenue to Revenue
81.09% 0.00% 98.67% 80.52% 75.29% 82.61% 98.03% 78.16% 75.30% 82.64% 102.71%
SG&A Expenses to Revenue
4.26% 0.00% 15.80% 7.57% 5.43% 11.63% 18.27% 7.37% 5.78% 10.66% 20.67%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
4.26% 0.00% 15.80% 7.57% 5.43% 11.63% 18.27% 7.37% 5.78% 10.66% 20.67%
Earnings before Interest and Taxes (EBIT)
142 0.00 -44 96 210 41 -50 118 212 47 -78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
142 29 -14 129 242 73 -17 153 247 83 -39
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.00 0.00 2.96 3.76 3.06 3.49 3.90 3.63
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 3.82 4.91 3.92 4.35 5.01 5.58
Price to Revenue (P/Rev)
0.00 0.00 0.00 0.00 0.00 1.32 1.61 1.38 1.75 1.98 1.75
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 20.47 25.98 20.09 25.42 28.53 28.28
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 4.89% 3.85% 4.98% 3.93% 3.50% 3.54%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 0.00 0.00 2.46 2.92 2.38 2.92 3.28 2.50
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 0.00 0.00 0.00 1.47 1.79 1.60 1.89 2.12 2.10
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 9.67 11.93 10.17 11.99 13.20 13.82
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 13.72 17.15 14.39 17.07 18.85 20.60
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 18.84 23.57 19.60 23.51 26.14 28.60
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 12.40 13.71 14.52 16.45 19.08 25.56
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 17.95 0.00 25.59 29.63 122.90 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.00 0.67 0.24 0.77 0.55 0.54 0.56 0.52 0.47 0.46 0.83
Long-Term Debt to Equity
0.00 0.43 0.00 0.76 0.54 0.53 0.55 0.52 0.46 0.45 0.82
Financial Leverage
0.00 0.66 0.24 0.71 0.47 0.48 0.35 0.59 0.37 0.30 0.60
Leverage Ratio
0.00 2.23 2.39 2.41 2.16 2.13 2.21 2.23 2.07 1.99 2.21
Compound Leverage Factor
0.00 0.00 2.91 1.93 2.00 1.40 2.82 1.96 1.93 1.42 2.64
Debt to Total Capital
0.00% 39.98% 19.66% 43.39% 35.45% 35.00% 35.84% 34.35% 31.89% 31.46% 45.44%
Short-Term Debt to Total Capital
0.00% 13.90% 19.63% 0.37% 0.37% 0.36% 0.37% 0.36% 0.41% 0.49% 0.46%
Long-Term Debt to Total Capital
0.00% 26.08% 0.03% 43.02% 35.09% 34.64% 35.46% 33.99% 31.48% 30.97% 44.98%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% 60.02% 80.34% 56.61% 64.55% 65.00% 64.16% 65.65% 68.11% 68.54% 54.56%
Debt to EBITDA
0.00 2.23 0.00 0.00 5.49 1.58 1.59 1.51 1.49 1.45 2.64
Net Debt to EBITDA
0.00 2.20 0.00 0.00 4.56 0.97 1.19 1.38 0.90 0.85 2.33
Long-Term Debt to EBITDA
0.00 1.45 0.00 0.00 5.44 1.57 1.58 1.49 1.47 1.43 2.61
Debt to NOPAT
0.00 4.82 0.00 0.00 0.00 3.09 3.15 2.90 2.92 2.88 5.46
Net Debt to NOPAT
0.00 4.75 0.00 0.00 0.00 1.90 2.36 2.66 1.77 1.68 4.81
Long-Term Debt to NOPAT
0.00 3.14 0.00 0.00 0.00 3.05 3.12 2.87 2.88 2.83 5.40
Altman Z-Score
0.00 0.00 0.00 0.00 0.00 3.44 3.79 3.56 4.07 4.27 3.02
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.00 1.18 1.35 2.49 2.38 2.63 2.75 2.51 2.72 2.67 2.94
Quick Ratio
0.00 0.43 0.38 1.27 1.43 1.52 1.19 1.27 1.68 1.48 1.17
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 0.00 0.00 0.00 -1,667 40 -576 33 109 -154 -771
Operating Cash Flow to CapEx
0.00% 429.12% -202.30% 38.25% 1,190.20% 525.65% -102.73% -84.98% 1,055.89% 421.86% -218.12%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 -108.60 2.82 -41.18 2.34 7.79 -11.52 -50.52
Operating Cash Flow to Interest Expense
0.00 0.00 -8.35 0.46 14.54 12.97 -3.09 -3.34 17.20 12.87 -8.21
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 -12.48 -0.75 13.32 10.50 -6.10 -7.27 15.57 9.82 -11.97
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.00 1.10 0.00 0.00 0.00 1.16 1.18 1.08 1.04 1.06 1.01
Accounts Receivable Turnover
0.00 12.06 0.00 0.00 0.00 11.87 15.92 6.83 6.14 10.86 13.86
Inventory Turnover
0.00 6.72 0.00 0.00 0.00 7.13 6.17 6.08 7.01 6.66 5.62
Fixed Asset Turnover
0.00 1.93 0.00 0.00 0.00 2.15 2.16 2.16 2.18 2.10 1.91
Accounts Payable Turnover
0.00 24.88 0.00 0.00 0.00 23.50 26.00 13.63 14.08 18.75 22.63
Days Sales Outstanding (DSO)
0.00 30.26 0.00 0.00 0.00 30.75 22.93 53.44 59.45 33.62 26.33
Days Inventory Outstanding (DIO)
0.00 54.28 0.00 0.00 0.00 51.20 59.16 60.05 52.07 54.84 64.93
Days Payable Outstanding (DPO)
0.00 14.67 0.00 0.00 0.00 15.53 14.04 26.78 25.92 19.47 16.13
Cash Conversion Cycle (CCC)
0.00 69.87 0.00 0.00 0.00 66.42 68.04 86.71 85.60 68.99 75.13
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
0.00 1,704 1,206 1,873 1,826 1,693 1,744 1,928 1,874 1,878 2,457
Invested Capital Turnover
0.00 1.49 0.00 0.00 0.00 1.67 1.93 1.51 1.56 1.62 1.39
Increase / (Decrease) in Invested Capital
0.00 0.00 0.00 0.00 1,826 -11 538 55 48 185 713
Enterprise Value (EV)
0.00 0.00 0.00 0.00 0.00 4,163 5,096 4,593 5,472 6,150 6,141
Market Capitalization
0.00 0.00 0.00 0.00 0.00 3,744 4,586 3,971 5,061 5,754 5,107
Book Value per Share
$0.00 $18.18 $17.23 $19.36 $21.97 $22.38 $21.53 $22.94 $25.59 $26.07 $24.86
Tangible Book Value per Share
$0.00 $13.09 $12.15 $14.29 $16.92 $17.34 $16.50 $17.90 $20.56 $20.30 $16.18
Total Capital
0.00 1,714 1,213 1,934 1,926 1,948 1,899 1,978 2,127 2,153 2,580
Total Debt
0.00 685 239 839 683 682 681 680 678 677 1,172
Total Long-Term Debt
0.00 447 0.36 832 676 675 674 672 670 667 1,160
Net Debt
0.00 675 231 771 567 419 510 622 411 396 1,034
Capital Expenditures (CapEx)
0.00 39 39 23 19 35 42 55 23 41 57
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 320 397 513 477 311 357 521 475 347 498
Debt-free Net Working Capital (DFNWC)
0.00 330 404 581 593 573 528 578 742 628 636
Net Working Capital (NWC)
0.00 92 166 574 586 566 521 571 734 618 625
Net Nonoperating Expense (NNE)
7.57 0.00 10 12 12 8.03 10 9.46 8.58 7.65 11
Net Nonoperating Obligations (NNO)
0.00 675 231 779 583 427 525 630 425 402 1,050
Total Depreciation and Amortization (D&A)
0.00 29 30 33 32 32 33 35 35 36 40
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 12.62% 0.00% 0.00% 0.00% 10.99% 12.52% 18.14% 16.44% 11.97% 17.04%
Debt-free Net Working Capital to Revenue
0.00% 13.01% 0.00% 0.00% 0.00% 20.26% 18.50% 20.13% 25.70% 21.67% 21.77%
Net Working Capital to Revenue
0.00% 3.62% 0.00% 0.00% 0.00% 20.01% 18.25% 19.88% 25.39% 21.30% 21.37%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.00 $0.00 $2.59 $0.37 ($0.84) $1.38 $2.62 $0.40 ($1.21)
Adjusted Weighted Average Basic Shares Outstanding
0.00 56.57M 0.00 0.00 56.57M 56.57M 56.59M 56.61M 56.61M 56.61M 56.63M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $2.58 $0.38 ($0.84) $1.37 $2.60 $0.42 ($1.21)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 56.57M 0.00 0.00 56.74M 56.67M 56.59M 56.81M 56.87M 56.84M 56.63M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 0.00 0.00 56.57M 56.58M 56.61M 56.61M 56.61M 56.61M 56.65M
Normalized Net Operating Profit after Tax (NOPAT)
107 0.00 -31 69 158 29 -38 87 157 31 -58
Normalized NOPAT Margin
10.99% 0.00% -10.13% 8.81% 14.51% 4.44% -11.41% 10.83% 14.18% 4.70% -16.37%
Pre Tax Income Margin
13.62% 0.00% -17.29% 9.79% 17.87% 4.14% -19.40% 12.90% 17.89% 5.04% -26.41%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
16.06 0.00 -4.61 5.01 13.69 2.90 -3.58 8.47 15.19 3.47 -5.12
NOPAT to Interest Expense
12.16 0.00 -3.29 3.61 10.30 2.04 -2.69 6.27 11.24 2.31 -3.79
EBIT Less CapEx to Interest Expense
16.06 0.00 -8.73 3.80 12.47 0.43 -6.59 4.54 13.56 0.42 -8.88
NOPAT Less CapEx to Interest Expense
12.16 0.00 -7.41 2.40 9.08 -0.43 -5.70 2.34 9.61 -0.74 -7.55
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Key Financial Trends

Knife River’s Q1 2025 results show mixed signals. Revenue of $353.5 million grew 7.3% year-over-year but fell seasonally versus Q4. Higher invested capital and strategic acquisitions are fueling long-term growth, yet margins and cash flows remain under pressure. The company raised $500 million of debt in the quarter to fund investments, driving net debt above $1 billion and raising leverage.

  • Revenue climbed 7.3% year-over-year to $353.5 million, reflecting resilient demand.
  • Book value per share rose to $24.86 from $21.53 in Q1 2024, boosting shareholder equity.
  • Enterprise value to revenue (EV/Rev) at 2.10× suggests investors back growth prospects.
  • Current ratio remains healthy at 2.94×, indicating strong short-term liquidity.
  • Invested capital increased to $2.46 billion, driven by capex and acquisitions.
  • Altman Z-Score of 3.02 signals low bankruptcy risk despite higher leverage.
  • Gross profit turned negative at −$9.6 million, yielding a −2.7% gross margin.
  • Net loss widened to $68.7 million (EPS −$1.21) versus −$47.6 million in Q1 2024.
  • Operating cash flow was a $125 million outflow, deeper than the $43 million outflow a year ago.
  • Net debt surged to $1.033 billion after $500 million of new debt, pushing net debt/EBITDA to 2.33×.
07/04/25 03:46 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Knife River's Financials

When does Knife River's fiscal year end?

According to the most recent income statement we have on file, Knife River's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Knife River's net income changed over the last 3 years?

Knife River's net income appears to be on an upward trend, with a most recent value of $201.68 million in 2024, rising from $129.76 million in 2021. The previous period was $182.87 million in 2023. View Knife River's forecast to see where analysts expect Knife River to go next.

What is Knife River's operating income?
Knife River's total operating income in 2024 was $316.19 million, based on the following breakdown:
  • Total Gross Profit: $569.83 million
  • Total Operating Expenses: $253.64 million
How has Knife River's revenue changed over the last 3 years?

Over the last 3 years, Knife River's total revenue changed from $2.23 billion in 2021 to $2.90 billion in 2024, a change of 30.1%.

How much debt does Knife River have?

Knife River's total liabilities were at $1.38 billion at the end of 2024, a 3.1% increase from 2023, and a 8.6% increase since 2022.

How much cash does Knife River have?

In the past 2 years, Knife River's cash and equivalents has ranged from $10.09 million in 2022 to $281.13 million in 2024, and is currently $281.13 million as of their latest financial filing in 2024.

How has Knife River's book value per share changed over the last 3 years?

Over the last 3 years, Knife River's book value per share changed from 0.00 in 2021 to 26.07 in 2024, a change of 2,607.3%.



This page (NYSE:KNF) was last updated on 7/4/2025 by MarketBeat.com Staff
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