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Knife River KNF Q3 2025 earnings

Reported November 4, 2025 · Before market open

Revenue$1.2BBeat by $477.1M
EPS$2.52Beat by $0.07
Revenue estimate$726.6M
EPS estimate$2.45

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$1.2B+8.9%
Gross profit$284.3M+4.1%
Operating income$215.2M+2.9%
Net income$143.2M-3.3%
EPS (diluted)$2.52-3.1%

Balance sheet

See full
Cash & equivalents$81.1M-69.7%
Total debt$1.2B+70.5%
Total equity$1.6B+10.9%
Total assets$3.7B+28.4%

Cash flow

See full
Operating cash flow$250.4M+4.5%
CapEx$61.7M+162%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$4.36B-13.9%
Enterprise value$5.51B-0.1%
P/E29.4×+4.0×
P/S1.4×-0.3×

Profitability

See full
Gross margin17.9%-1.8pp
Operating margin8.7%-2.0pp
Net margin4.9%-2.0pp

Returns & leverage

See full
Return on equity9.7%-5.1pp
Debt / equity0.8×+0.3×
Current ratio2.4×-0.3×

Segments

By product

See full
Contracting services public-sector$481.6M+0.4%
Ready-mix concrete$261.4M+22.4%
Aggregates$218.0M+12.7%
Asphalt$200.4M-6.8%
Liquid asphalt$148.8M+34.1%

By segment

See full
Central$434.3M+22.4%
West$396.0M
Mountain$229.8M-12.0%
Energy Services$169.2M+34.4%
Corporate Services and Eliminations-$3.2M

Versus estimates

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Questions, answered.

When did Knife River report Q3 2025 earnings?
Knife River (KNF) reported Q3 2025 earnings on November 4, 2025 before market open.
What were Knife River's Q3 2025 revenue and EPS?
Knife River reported revenue of $1.2B and eps of $2.52 for Q3 2025.
Did Knife River beat estimates in Q3 2025?
Revenue beat the consensus estimate of $726.6M by $477.1M. EPS beat the consensus estimate of $2.45 by $0.07.
How did Knife River's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.9% from $1.1B a year earlier and eps declined 3.1% from $2.60.
Where can I find Knife River's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001955520-25-000065) and the 10-Q periodic report (0001955520-25-000069) directly on SEC EDGAR. The filing index links above go to sec.gov.