Knife River Corp (KNF)
Knife River Corporation is a U.S.-based entity focused on supplying aggregate-derived building materials and offering related contracting services. Its business activities are structured across six distinct operational segments: Pacific, Northwest, Mountain, North Central, South, and Energy Services. The company is involved in extracting, processing, and distributing crucial construction aggregates, including varieties of crushed stone, sand, and gravel. Additionally, it produces and sells both asphalt and ready-mix concrete. To support these core product lines, Knife River also performs various contracting tasks, such as heavy-civil construction, paving with asphalt and concrete, and comprehensive site development and grading work. Its primary clients are governmental bodies at the federal, state, and municipal levels, for whom it undertakes a wide range of public infrastructure initiatives. These projects often include highways, bridges, airports, educational facilities, public buildings, and other foundational community works. Founded in 1917, the organization is headquartered in Bismarck, North Dakota.
Sector: Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industry: Construction Materials
Knife River Corporation
NYSE:KNFBasic Materials · Construction Materials
-1.36%$53.12
AH Close$53.12+0.00%vs close
AH Close$53.12+0.00%vs close
Mkt Cap$3.02B
Float56.54M
O/S56.76M
Inst Own97.2%
SI7.9%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$3.15B
Net Income$157.1M
Total Assets$3.65B
Free Cash Flow-$69.57M
Debt & Equity
Debt 43%
Equity 57%
Total Debt$1.22B
Total Equity$1.64B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in KNF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$3.65B
Liabilities$2.01B
Accounts Receivable$278.03M
Accounts Payable$145.58M
Inventory$435.71M
PP&E (Net)$2.08B
Goodwill$519.67M
Intangible Assets$32.68M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $3.15B | $2.9B | $2.83B | $2.53B | $2.23B | $2.18B |
| YoY Growth | 8.5% | 2.4% | 11.7% | 13.7% | 2.3% | - |
| Cost of Revenue | $2.57B | $2.33B | $2.29B | $2.17B | $1.88B | $1.81B |
| Gross Profit | $577.3M | $569.83M | $538.93M | $360.89M | $346.95M | $370.58M |
| Gross Margin | 18.4% | 19.7% | 19.0% | 14.2% | 15.6% | 17.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $291.5M | $253.63M | $242.54M | $166.6M | $155.87M | $156.08M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $291.5M | $253.63M | $242.54M | $166.6M | $155.87M | $156.08M |
| Operating Income (EBIT) | $285.8M | $316.19M | $296.4M | $194.29M | $191.08M | $214.5M |
| Operating Margin | 9.1% | 10.9% | 10.5% | 7.7% | 8.6% | 9.8% |
| Interest Expense | $81.9M | $55.24M | $58.1M | $30.12M | $19.22M | $20.58M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$72.6M | -$45.2M | -$51.09M | -$35.47M | -$17.86M | -$19.74M |
| Income Before Tax (EBT) | $213.2M | $270.99M | $245.31M | $158.82M | $173.21M | $194.76M |
| Income Tax Expense | $56.1M | $69.32M | $62.44M | $42.6M | $43.46M | $47.43M |
| Net Income | $157.1M | $201.68M | $182.87M | $116.22M | $129.75M | $147.32M |
| Net Income Margin | 5.0% | 7.0% | 6.5% | 4.6% | 5.8% | 6.8% |
| Supplementary Data | ||||||
| EPS | 2.77 | 3.56 | 3.23 | 2.05 | 2.29 | 2.60 |
| Diluted EPS | 2.76 | 3.55 | 3.23 | 2.05 | 2.29 | 2.60 |
| Weighted Average OS | 56.70M | 56.60M | 56.60M | 56.57M | 56.57M | 56.57M |
| EBITDA | $488.84M | $463.11M | $427.21M | $306.74M | $293.41M | $304.96M |
| EBITDA Margin | 15.5% | 16.0% | 15.1% | 12.1% | 13.2% | 14.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $123.42M | $281.13M | $262.32M | $10.09M | $13.85M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $123.42M | $281.13M | $262.32M | $10.09M | $13.85M |
| Accounts Receivable | $278.03M | $267.24M | $266.79M | $226.21M | $196.69M |
| Inventory | $435.71M | $380.34M | $319.62M | $323.28M | $291.44M |
| Other Current Assets | $123.76M | $58.96M | $64.81M | $48.99M | $40.64M |
| Total Current Assets | $960.92M | $987.67M | $913.54M | $608.57M | $542.63M |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $2.08B | $1.49B | $1.36B | $1.36B | $1.3B |
| Goodwill | $519.67M | $297.23M | $274.48M | $274.54M | $276.43M |
| Intangible Assets | $32.68M | $29.41M | $10.82M | $13.43M | $16.23M |
| Long-Term Investments | $55.32M | $45.82M | $41.22M | $36.7M | $38.48M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $7.63M |
| Total Long-Term Assets | $2.69B | $1.86B | $1.69B | $1.69B | $1.64B |
| Other Assets | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $3.65B | $2.85B | $2.6B | $2.29B | $2.18B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $145.58M | $140.83M | $107.66M | $87.37M | $82.6M |
| Short-Term Debt | $11.71M | $10.47M | $7.08M | $238.21M | $108.23M |
| Current Income Tax Payable | $11.3M | $8.29M | $9.3M | $0 | $0 |
| Current Unearned Revenue | $33.77M | $42.13M | $51.38M | $39.84M | $32.35M |
| Other Current Liabilities | $44.25M | $50.66M | $48.1M | $29.19M | $25.73M |
| Total Current Liabilities | $377.99M | $370.04M | $347.27M | $516.89M | $357.2M |
| Long-Term Liabilities | |||||
| Long-Term Debt | $1.15B | $666.91M | $674.58M | $446.88M | $576.16M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $287.92M | $174.73M | $174.54M | $175.8M | $168.53M |
| Other Long-Term Liabilities | $152.79M | $128.91M | $105.65M | $93.5M | $91.96M |
| Total Long-Term Liabilities | $1.63B | $1.01B | $986.53M | $748.84M | $871.78M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.01B | $1.38B | $1.33B | $1.27B | $1.23B |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $570K | $570K | $570K | $800K | $800K |
| Retained Earnings | $1.02B | $867.55M | $665.87M | $494.66M | $430.45M |
| Comprehensive Income & Other | -$10.26M | -$9.3M | -$11.32M | -$12.35M | -$24.49M |
| Other Stockholders' Equity | $615.75M | $607.97M | $599.57M | $533.13M | $521.6M |
| Total Equity | $1.64B | $1.48B | $1.27B | $1.03B | $952.84M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $3.65B | $2.85B | $2.6B | $2.29B | $2.18B |
| Supplementary Data | |||||
| Total Debt | $1.22B | $726.76M | $726.37M | $730.96M | $734.52M |
| Net Debt | $1.09B | $445.63M | $464.05M | $720.87M | $720.67M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | $157.07M | $201.68M | $182.87M | $116.22M | $129.75M | $147.32M |
| Depreciation & Amortization | $193.74M | $136.87M | $123.81M | $117.8M | $100.97M | $89.63M |
| Deferred Income Tax | $25.49M | -$350K | -$1.61M | $2.08M | $32.86M | $1.75M |
| Stock-Based Compensation | $11.39M | $7.83M | $2.89M | $1.27M | $1.85M | $1.78M |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$44.04M | $14.06M | -$38.77M | -$40.51M | $15.36M | $881K |
| Inventory | -$13.44M | -$44.3M | $3.65M | -$31.03M | -$42.44M | -$11.29M |
| Accounts Payable | -$14.99M | $7.31M | $33.09M | $17.49M | -$13.9M | -$10.66M |
| Other Working Capital | -$18.35M | $6.9M | $22.11M | $25.04M | -$23.65M | $13.31M |
| Total Working Capital Change | -$90.82M | -$16.03M | $20.09M | -$29.02M | -$64.64M | -$7.76M |
| Other Non-Cash Items | -$18.4M | -$7.67M | $7.68M | -$909K | -$19.56M | -$320K |
| Net Cash from Operating | $278.48M | $322.32M | $335.73M | $207.44M | $181.24M | $232.4M |
| Investing Activities | ||||||
| Capital Expenditures | -$348.04M | -$172.43M | -$124.28M | -$178.16M | -$174.23M | -$135.87M |
| Acquisitions | -$609.99M | -$130.98M | $0 | $1.75M | -$235.22M | -$56.68M |
| Purchases of Investments | $0 | $0 | $0 | -$2.34M | -$837K | -$1.51M |
| Sales of Investments | $0 | $0 | $0 | $0 | $174.23M | $0 |
| Other Investing Activities | $44.38M | $8.61M | $6.39M | $22.88M | -$162.21M | $8.21M |
| Net Cash from Investing | -$913.66M | -$294.8M | -$117.89M | -$155.88M | -$398.27M | -$185.85M |
| Financing Activities | ||||||
| Debt Repaid | -$491.19M | $7.04M | -$901.62M | $207.31M | -$281.76M | $2.49M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$1.67M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$13.72M | $0 | -$867.23M | -$56.02M | -$57.96M | -$45.46M |
| Net Cash from Financing | $477.47M | -$8.71M | $34.39M | -$55.32M | $223.8M | -$47.95M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$157.72M | $18.81M | $252.23M | -$3.76M | $6.78M | -$1.4M |
| Supplementary Data | ||||||
| Operating Cash Flow | $278.48M | $322.32M | $335.73M | $207.44M | $181.24M | $232.4M |
| Capital Expenditure | -$348.04M | -$172.43M | -$124.28M | -$178.16M | -$174.23M | -$135.87M |
| Free Cash Flow | -$69.57M | $149.9M | $211.44M | $29.28M | $7.01M | $96.53M |
| Cash at Beginning | $281.13M | $262.32M | $10.09M | $13.85M | $7.07M | $8.47M |
| Cash at End | $123.42M | $281.13M | $262.32M | $10.09M | $13.85M | $7.07M |