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Knife River Corporation

KNF Basic Materials Building Materials

Knife River Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 8.52% from fiscal 2024. In the quarter to June 2026, revenue grew 12.6%, EPS fell 13.5%, free cash flow grew 19.8% and total debt rose 19.5%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

49.84 2.43 −4.65%
Market cap
$3.0B
P/E
20.2×
Fwd P/E
22.4×
Dividend yield
—
F-score
3/9
Altman Z
2.90
Beneish M
−2.53
Dividend safety
n/a

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.44%

Capital & Financial Ratios $m

Market Cap 2,970.00
Revenue 3,307.50
Net Income 139.89
Free Cash Flow 63.88
Net Debt 1,515.28
Current Ratio 2.66 (at or above 1.5: strong)
Debt/Equity 1.01
P/E ratio 20.18
Fwd P/E 22.40
P/S ratio 0.86
P/B ratio 1.76
Past 5Y EPS Growth (72.76%) (below 0%: weak)
This Y EPS Growth (2.02%) (below 0%: weak)
Next Y EPS Growth 20.90% (at or above 15%: strong)
Next Y revenue growth 9.44%
Next 5Y EPS Growth 9.27%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 19.64%
10-year low 10-year high
P/S against its own 10 years 0.24%
10-year low 10-year high
P/B against its own 10 years 0.12%
10-year low 10-year high
EV/Sales against its own 10 years 7.62%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 262 281 123 102
Receivables 267 267 278 468
Inventory 320 380 436 507
Other 27 31 78 122
914 988 961 1,272
2023 2024 2025 Q'26
Payables 108 141 146 228
ST’ Debt 7 10 12 17
Other 51 42 34 27
347 370 378 477

Compound Annual Growth %

10y 5y 3y
Sales — 7.63% 7.47%
Cash Flow — 3.68% 10.31%
Earnings — 1.29% 10.56%
Book Value — 0.00% 16.85%

Revenue $m

Mar Jun Sep Dec Year
’26 410 939 — — —
’25 353 834 1,204 755 3,146
’24 330 807 1,105 657 2,899
’23 308 785 1,090 647 2,830
’22 310 712 975 538 2,535
’21 — — — — 2,229
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (59) (75) — — —
’25 (125) (43) 250 196 278
’24 (43) (47) 240 172 322
’23 (79) 9 223 183 336
’22 (76) (72) 187 168 207
’21 — — — 181 181
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (133) (146) — — —
’25 (183) (182) 196 147 (22)
’24 (85) (101) 217 132 162
’23 (118) (14) 205 148 220
’22 (114) (109) 147 129 52
’21 — — — 19 19
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (1.40) 0.77 — — —
’25 (1.21) 0.89 2.52 0.56 2.76
’24 (0.84) 1.37 2.60 0.41 3.55
’23 (0.73) 1.00 2.58 0.36 3.23
’22 (500.12) 0.68 1.76 499.74 2.05
’21 — — — — 2.29
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — — — 36.48 61.50 58.72

Analyst estimates 2026–2028

Powerpack
High — — — — — — — 67.43 108.39 108.83
People
People Employees — — — — — — 3,797 4,389 4,761 5,298
Revenue/emp, $m — — — — 0.00 0.00 0.67 0.64 0.61 0.59
Income, $m
Income, $m Revenue — — — — 2,178 2,229 2,535 2,830 2,899 3,146
Gross margin, % — — — — 17.01 15.57 14.24 19.04 19.66 18.35
EBT — — — — 195 173 159 245 271 213
EBT margin, % — — — — 8.94 7.77 6.27 8.67 9.35 6.78
Net income — — — — 147 130 116 183 202 157
Depreciation — — — — 90 101 118 127 140 197
Per share, $
Per share, $ Revenue — — — — 27,225.03 39.40 44.81 50.03 51.21 55.53
Earnings — — — — 1,841.56 2.29 2.05 3.23 3.56 2.77
Cash flow — — — — 2,905.05 3.20 3.67 5.93 5.69 4.92
Capex — — — — (1,595.81) (2.87) (2.75) (2.05) (2.83) (5.31)
Free cash flow — — — — 1,309.24 0.34 0.92 3.88 2.86 (0.39)
Book value — — — — 0.00 16.84 18.18 22.38 26.08 28.96
Shares, m — — — — 0 57 57 57 57 57
Valuation, ×
Valuation, × P/E — — — — 0.07 0.07 0.07 19.88 28.47 25.31
P/S — — — — 0.82 0.82 0.82 1.28 1.98 1.27
P/B — — — — 2.14 2.14 2.14 2.87 3.90 2.43
EV/Sales — — — — 1.05 1.05 1.05 1.43 2.12 1.60
EV/FCF — — — — 55.28 55.28 55.28 18.43 37.99 (227.56)
Cash, $m
Cash, $m Operating cash flow — — — — 232 181 207 336 322 278
Capex — — — — (128) (162) (155) (116) (160) (301)
Free cash flow — — — — 105 19 52 220 162 (22)
Balance, $m
Balance, $m Working capital — — — — — 185 92 566 618 583
Total debt — — — — — 576 447 682 677 1,166
Net debt — — — — — 563 437 419 396 1,042
Shareholders’ equity — — — — — 953 1,029 1,266 1,476 1,641
Returns, %
Returns, % ROA — — — — 0.00 11.89 5.19 7.47 7.40 4.83
ROIC — — — — 0.00 7.88 8.29 10.99 10.55 6.66
ROE — — — — 0.00 0.00 11.69 15.94 14.71 10.08
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Knife River Corporation vs peers in Building Materials (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CX Cemex S.A.B. de C.V. $14.5B 27.3× 12.1× +12.24% (above 0%: growing) +9.09% (above 0%: growing) −33.65% (below 0%: shrinking) 35.22% 13.74% Compare
EXP Eagle Materials Inc $5.1B 13.0× 16.3× +2.56% (above 0%: growing) −12.70% (below 0%: shrinking) −44.46% (below 0%: shrinking) 24.77% 22.10% Compare
USLM United States Lime & Minerals, Inc. $3.1B 23.2× 24.3× +8.31% (above 0%: growing) +11.11% (above 0%: growing) +0.98% (above 0%: growing) 47.13% 41.01% Compare
KNF Knife River Corporation $3.0B 20.2× 22.4× +12.57% (above 0%: growing) −13.48% (below 0%: shrinking) +19.76% (above 0%: growing) 17.34% 8.64%
TTAM Titan America SA $2.4B 13.6× 14.4× +9.64% (above 0%: growing) −17.86% (below 0%: shrinking) −14.52% (below 0%: shrinking) 24.04% 13.33% Compare
TGLS Tecnoglass Holdings Inc. $1.7B 13.2× 15.6× +15.55% (above 0%: growing) −41.49% (below 0%: shrinking) −111.60% (below 0%: shrinking) 37.26% 12.38% Compare
LOMA Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $1.2B 34.9× 17.5× +6.10% (above 0%: growing) +1,566.67% (above 0%: growing) +116.93% (above 0%: growing) 19.18% 7.91% Compare
CPAC Cementos Pacasmayo S.A.A. $1.0B 17.0× — +22.91% (above 0%: growing) +73.33% (above 0%: growing) +516.57% (above 0%: growing) 39.57% 24.41% Compare
RMIX Suncrete, Inc. $834.1M — — — n/m — 29.12% (8.98%) Compare
Median of peers $2.1B 17.0× 16.0× +9.64% +9.09% −14.52% 32.17% 13.54%

All 18 Building Materials stocks →

Knife River Corporation (KNF) key facts

  • Strength: Knife River Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 8.52% from fiscal 2024.
  • Knife River Corporation (KNF) is a Building Materials company in the Basic Materials sector, listed on the New York Stock Exchange.
  • As of October 9, 2026, KNF traded at $49.84, a market capitalization of $3.0 billion.
  • Return on equity was 10.1% and debt-to-equity 1.01.
  • Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 2.90 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Knife River Corporation (KNF) Latest News

11 May

stockrow.com/KNF · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com