Knife River Corp KNF
Knife River Corporation (referred to as we, our, us, the Company or Knife River) is an aggregates-based construction materials and contracting services provider in the United States. Our 1.3 billion tons of aggregate reserves provide the foundation for our vertically integrated business strategy, with approximately 35 percent of our aggregates in 2025 being used internally to support value-added downstream products (ready-mix concrete and asphalt) and contracting services (asphalt paving, heavy-civil construction, concrete construction, site development and grading services, and in some segments the manufacturing of prestressed concrete products). We are strategically focused on being the provider of choice in mid-size, higher-growth markets and are committed to our plan for continued growth and to delivering for our stakeholders—customers, communities, employees and stockholders—by executing on our Competitive EDGE initiatives and our four core values: People, Safety, Quality and the Environment.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $3.15B | $2.90B | $2.83B | $2.53B | $2.23B | — |
| Cost of revenue | $2.57B | $2.33B | $2.29B | $2.17B | $1.88B | — |
| Gross profit | $577.3M | $569.8M | $538.9M | $360.9M | $346.9M | — |
| SG&A | $291.5M | $253.6M | $242.5M | $166.6M | $155.9M | — |
| Operating income | $285.9M | $316.2M | $296.4M | $194.3M | $191.1M | — |
| Interest expense | $81.9M | $55.2M | $58.1M | $30.1M | $19.2M | — |
| Pre-tax income | $213.2M | $271.0M | $245.3M | $158.8M | $173.2M | — |
| Income tax | $56.1M | $69.3M | $62.4M | $42.6M | $43.5M | — |
| Net income | $157.1M | $201.7M | $182.9M | $116.2M | $129.8M | — |
| EPS, basic | 2.77 | 3.56 | 3.23 | 2.05 | 2.29 | — |
| EPS, diluted | 2.76 | 3.55 | 3.23 | 2.05 | 2.29 | — |
| Shares, diluted (wtd. avg.) | $56.9M | $56.8M | $56.7M | $56.6M | $56.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $73.8M | $236.8M | $262.3M | $10.1M | $13.8M | $7.1M |
| Receivables | $278.0M | $267.2M | $266.8M | $210.2M | — | — |
| Inventory | $435.7M | $380.3M | $319.6M | $323.3M | — | — |
| Total current assets | $960.9M | $987.7M | $913.5M | $608.6M | — | — |
| Property, plant and equipment | $2.03B | $1.44B | $1.32B | $1.32B | $1.25B | — |
| Goodwill | $519.7M | $297.2M | $274.5M | $274.5M | $276.4M | — |
| Other intangibles | $32.7M | $29.4M | $10.8M | $13.4M | — | — |
| Total assets | $3.65B | $2.85B | $2.60B | $2.29B | $2.18B | — |
| Accounts payable | $145.6M | $140.8M | $107.7M | $87.4M | — | — |
| Short-term debt | $11.7M | $10.5M | $7.1M | $211.0K | — | — |
| Total current liabilities | $378.0M | $370.0M | $347.3M | $516.9M | — | — |
| Long-term debt | $1.15B | $666.9M | $674.6M | $427.0K | — | — |
| Total liabilities | $2.01B | $1.38B | $1.33B | $1.27B | — | — |
| Retained earnings | $1.02B | $867.5M | $665.9M | $494.7M | — | — |
| Total equity | $1.64B | $1.48B | $1.27B | $1.03B | $952.8M | $878.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $278.5M | $322.3M | $335.7M | $207.4M | $181.2M | — |
| Depreciation and amortisation | $193.7M | $136.9M | $123.8M | $117.8M | $101.0M | — |
| Stock-based compensation | $11.4M | $7.8M | $2.9M | $1.3M | $1.9M | — |
| Capital expenditure | $348.0M | $172.4M | $124.3M | $178.2M | $174.2M | — |
| Investing cash flow | -$913.7M | -$294.8M | -$117.9M | -$155.9M | -$398.3M | — |
| Financing cash flow | $477.5M | -$8.7M | $34.4M | -$55.3M | $223.8M | — |
| Buybacks | — | — | $3.6M | — | — | — |
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 0001628280-26-023783.
Others in SIC 1400
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| VMC | Vulcan Materials CO | $34.08B | 32.4x | 7.1% |
| MLM | MARTIN MARIETTA MATERIALS INC | $30.92B | 27.4x | 8.6% |
| HL | HECLA MINING CO/DE/ | $13.89B | 42.2x | 53.0% |
| MDU | MDU RESOURCES GROUP INC | $4.12B | 21.0x | 6.3% |
| UUUU | ENERGY FUELS INC | $3.62B | — | -15.6% |
| LEU | CENTRUS ENERGY CORP | $3.46B | 44.6x | 1.5% |
| USLM | UNITED STATES LIME & MINERALS INC | $3.35B | 25.0x | 17.3% |
| CMP | COMPASS MINERALS INTERNATIONAL INC | $1.06B | — | 11.3% |