Knowles Corp KN
We are a leading manufacturer of specialty electronic components. We design parts that perform unique, critical functions for innovative technologies. Through extreme reliability, custom engineering, and scalable manufacturing, our high-performance capacitors, radio frequency ("RF") filters, advanced microphones, and balanced armature speakers enable and enhance the most demanding applications across medtech, defense, industrial, and electrification/energy markets with the power to change, improve, and save lives. Founded in 1946 and headquartered in Itasca, Illinois, Knowles has grown into a global organization with approximately 5,200 employees at facilities located in 11 countries around the world.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $593.2M | $553.5M | $456.8M | $478.8M | $868.1M | $764.3M | $854.8M | $826.9M | $744.2M | $755.7M |
| Cost of revenue | $332.5M | $316.8M | $251.9M | $251.8M | $508.6M | $490.8M | $525.1M | $503.9M | $452.8M | $458.2M |
| Gross profit | $256.3M | $234.8M | $203.8M | $227.0M | $359.5M | $271.2M | $328.0M | $322.6M | $286.0M | $295.7M |
| R&D | $40.2M | $39.5M | $32.4M | $29.3M | $92.8M | $92.9M | $96.8M | $100.6M | $93.4M | $92.0M |
| SG&A | $142.8M | $142.0M | $125.8M | $106.3M | $146.4M | $131.5M | $145.7M | $142.5M | $126.6M | $149.9M |
| Total operating expenses | $186.0M | $183.0M | $160.4M | $136.2M | $243.7M | $242.0M | $246.8M | $244.8M | $246.1M | $250.7M |
| Operating income | $70.3M | $51.8M | $43.4M | $90.8M | $115.8M | $29.2M | $81.2M | $77.8M | $39.9M | $45.0M |
| Interest expense | $9.3M | $16.3M | $5.4M | $3.5M | $14.2M | $16.4M | — | — | — | — |
| Pre-tax income | $64.0M | $34.7M | $37.3M | $87.7M | $104.6M | $11.3M | $66.3M | $61.1M | $19.4M | $28.1M |
| Income tax | $13.1M | $11.3M | $28.3M | $21.3M | $45.6M | $8.4M | $16.6M | $4.5M | $12.9M | $8.3M |
| Net income | $44.2M | -$237.8M | $72.4M | -$430.1M | $150.4M | $6.6M | $49.1M | $67.7M | $68.3M | -$42.3M |
| EPS, basic | 0.51 | -2.67 | 0.80 | -4.69 | 1.63 | 0.07 | 0.54 | 0.75 | 0.76 | -0.48 |
| EPS, diluted | 0.50 | -2.64 | 0.79 | -4.63 | 1.59 | 0.07 | 0.53 | 0.74 | 0.75 | -0.47 |
| Shares, diluted (wtd. avg.) | $88.0M | $90.1M | $91.6M | $92.8M | $94.7M | $92.9M | $93.4M | $91.2M | $90.5M | $89.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $54.2M | $130.1M | $87.3M | $48.2M | $68.9M | $147.8M | $78.4M | $73.5M | $111.7M | $63.4M |
| Receivables | $102.8M | $105.0M | $90.7M | $134.7M | $146.6M | $131.4M | $159.6M | $140.3M | $137.7M | $126.4M |
| Inventory | $124.6M | $118.0M | $127.0M | $169.5M | $153.1M | $130.1M | $141.8M | $140.1M | $125.6M | $90.8M |
| Total current assets | $291.4M | $361.4M | $428.8M | $362.4M | $380.3M | $419.6M | $388.4M | $365.0M | $394.9M | $290.9M |
| Property, plant and equipment | $140.2M | $130.1M | $143.0M | $161.8M | $200.8M | $191.5M | $206.5M | $211.7M | $183.0M | $172.9M |
| Goodwill | $270.3M | $269.8M | $270.5M | $200.9M | $941.3M | $910.0M | $909.9M | $887.9M | $884.9M | $871.6M |
| Other intangibles | $141.1M | $157.4M | $175.6M | $85.1M | $97.3M | $78.7M | $91.7M | $56.7M | $53.5M | $73.8M |
| Total assets | $1.05B | $1.12B | $1.46B | $1.18B | $1.73B | $1.65B | $1.65B | $1.55B | $1.55B | $1.51B |
| Accounts payable | $42.9M | $58.5M | $35.9M | $41.4M | $90.9M | $70.3M | $87.7M | $77.2M | $85.6M | $65.5M |
| Short-term debt | $0 | $68.5M | $47.1M | $0 | $0 | $165.1M | $0 | $0 | $0 | $9.7M |
| Total current liabilities | $105.9M | $197.6M | $164.6M | $99.1M | $166.2M | $297.3M | $151.5M | $141.8M | $151.6M | $132.2M |
| Long-term debt | $114.0M | $134.0M | $224.1M | $45.0M | $70.0M | $0 | $156.8M | $158.1M | $192.6M | $288.5M |
| Retained earnings | -$569.4M | -$613.6M | -$375.8M | -$448.2M | -$18.1M | -$168.5M | -$175.1M | -$224.2M | -$291.9M | -$360.2M |
| Total equity | $775.8M | $756.0M | $1.03B | $992.9M | $1.46B | $1.30B | $1.29B | $1.21B | $1.13B | $1.01B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation and amortisation | $36.3M | $50.3M | $46.5M | $53.9M | $62.5M | $60.6M | $54.4M | $52.4M | $57.3M | $73.7M |
| Stock-based compensation | $28.4M | $22.8M | $29.0M | $28.6M | $32.1M | $17.3M | $25.2M | $27.0M | $25.1M | $21.5M |
| Capital expenditure | $32.1M | $13.6M | $16.9M | $32.1M | $48.6M | $31.9M | $41.2M | $80.1M | $51.6M | $38.7M |
| Investing cash flow | -$31.6M | $45.2M | -$141.6M | -$32.7M | -$129.6M | -$35.1M | -$110.5M | -$88.0M | $69.5M | $5.9M |
| Financing cash flow | -$158.9M | -$132.0M | $58.2M | -$73.2M | -$131.4M | -$23.9M | -$8.5M | -$48.6M | -$117.9M | -$109.9M |
| Buybacks | $65.0M | $53.7M | $47.5M | $44.0M | $44.5M | $16.2M | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001587523-26-000005.
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