Knife River vs Vulcan Materials
Vulcan Materials is the larger business, with $7.94bn of revenue in fiscal 2025 against $3.15bn for Knife River (2.5 times as much). Knife River grew faster (8.5% against 7.1%). Vulcan Materials kept more of each dollar of sales as profit: a net margin of 13.6% against 5.0%.
| Latest fiscal year | Knife RiverKNF, 2025 | Vulcan MaterialsVMC, 2025 |
|---|---|---|
| Revenue | $3.15bn | $7.94bn |
| Revenue growth | 8.5% | 7.1% |
| Net income | $157m | $1.08bn |
| Operating margin | — | 20.4% |
| Net margin | 5.0% | 13.6% |
| Return on equity | 10.1% | 12.9% |
| Free cash flow | −$69.6m | $1.14bn |
| Cash | $73.8m | $183m |
| Total debt | $1.17bn | $4.44bn |
| Debt to equity | — | 52.1% |
| Dividend per share | — | $1.96 |
| Dividend yield | — | 0.7% |
| Share buybacks | — | $438m |
| Employees | 5,298 | 11,172 |
| Market value | $3.37bn | $36.52bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | — | 64 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 18 sales |