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Knife River

KNF

Knife River Corporation is a leading aggregates-based construction materials and contracting services provider in the United States.

Market cap
$4.46B-5.0%
Revenue$3.2B+9.6%
Net income$146.6M-18.8%
Free cash flow-$405.1M-342%
EPS (diluted)$2.57-18.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$931.4M
EPS estimate$1.11

Financials

Q1 2026

Income statement

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Revenue$410.1M+16.0%
Gross profit-$2.8M+71.1%
Operating income-$86.2M-4.3%
Net income-$79.2M-15.2%
EPS (diluted)-$1.40-15.7%

Balance sheet

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Cash & equivalents$75.5M-45.5%
Total debt$1.5B+21.7%
Total equity$1.6B+10.8%
Total assets$3.8B+16.4%

Cash flow

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Operating cash flow-$58.6M+53.3%
CapEx$77.3M+3.1%
Free cash flow-$135.9M+32.1%

Valuation & ratios

Valuation

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Market cap$4.46B-5.0%
Enterprise value$5.86B-1.8%
P/E30.4×+0.1×
P/S1.4×-0.2×

Profitability

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Gross margin18.2%-0.7pp
Operating margin8.8%-1.0pp
Net margin4.6%-1.6pp

Returns & leverage

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Return on equity9.9%-3.9pp
Debt / equity+0.1×
Current ratio2.7×-0.3×

Segments

By product

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Ready-mix concrete$144.5M+33.3%
Contracting services public-sector$114.1M+14.9%
Aggregates$103.5M+27.2%
Other$46.6M+7.1%
Contracting services private-sector$33.8M-17.3%

By segment

See full
West$211.8M+1.7%
Central$101.2M+49.2%
Mountain$81.2M+23.1%
Energy Services$20.4M+46.7%
Corporate Services and Eliminations-$3.8M-5.5%

Competitors

Profile

Knife River Corporation is a leading aggregates-based construction materials and contracting services provider in the United States. The company operates a vertically integrated business model, leveraging significant aggregate reserves to produce downstream products like ready-mix concrete and asphalt while providing heavy-civil construction and paving services. Its core value proposition centers on being a single-source provider for public infrastructure and private development projects in mid-size, higher-growth markets.

Competitive position

A leading vertically integrated provider with a significant competitive advantage derived from owning 1.3 billion tons of aggregate reserves and a localized production network.

GeographiesUnited States, Western United States, Central United States
Customer segmentsGovernment agencies, Commercial developers, Residential developers, Industrial developers
Business modelVertically integrated manufacturing, Contracting services, B2B, B2G
SuppliersCement suppliers, Energy providers, Heavy equipment manufacturers, Labor unions
CustomersState Departments of Transportation, Federal infrastructure agencies, Residential homebuilders, Commercial real estate developers
Listed2023
Employees4.4K
CEOBrian R. Gray
FilingsSEC EDGAR

Questions, answered.

What is Knife River's market cap?
Knife River (KNF) has a market capitalization of $4.5B and trades on NYSE.
What is Knife River's revenue and profitability?
Knife River generated $3.2B in trailing twelve-month revenue with net income of $146.6M, representing a net margin of 4.6%. Gross margin stands at 18.2%, with free cash flow of -$405.1M. These figures are based on the Q1 2026 filing.
Who are Knife River's competitors?
Knife River's key competitors include Martin Marietta Materials, Inc., Vulcan Materials Company, CRH plc, and others. These companies compete in similar markets and product categories.
What subsidiaries does Knife River have?
Knife River's subsidiaries include Strata Corporation, Knife River - Northwest.
Where is Knife River headquartered?
Knife River is headquartered in United States of America and employs approximately 4,389 people. It has been publicly traded since 2023.