Knowles Corp income statement
In fiscal 2025, Knowles Corp reported revenue of $593m, up 7.2% on the year before, operating income of $70.3m (a 11.9% margin) and net income of $44.2m, or $0.50 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,118 | 1,215 | 915 | 754 | 756 | 744 | 827 | 855 | 764 | 868 | 479 | 457 | 554 | 593 | 666 |
| Cost of revenue | 711 | 776 | 552 | 466 | 458 | 453 | 504 | 525 | 491 | 509 | 252 | 252 | 317 | 333 | 370 |
| Gross profit | 407 | 428 | 356 | 282 | 296 | 286 | 323 | 328 | 271 | 360 | 227 | 204 | 235 | 256 | 296 |
| Research and development | 77 | 83 | 64 | 83 | 92 | 93 | 101 | 97 | 93 | 93 | 29 | 32 | 40 | 40 | 44 |
| Selling, general and administrative | 188 | 193 | 157 | 150 | 150 | 127 | 143 | 146 | 132 | 146 | 106 | 126 | 142 | 143 | 154 |
| Operating income | 136 | 144 | 135 | 35 | 45 | 40 | 78 | 81 | 29 | 116 | 91 | 43 | 52 | 70 | 97 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | 1 | 8 | 4 | — |
| Net interest income | — | — | — | — | — | — | — | — | 16 | 14 | 4 | 5 | 16 | 9 | 12 |
| Income before tax | 79 | 102 | 133 | 21 | 28 | 19 | 61 | 66 | 11 | 105 | 88 | 37 | 35 | 64 | 91 |
| Income tax | −0 | −4 | 13 | 3 | 8 | 13 | −5 | 17 | 8 | −46 | 21 | −28 | 11 | 13 | 15 |
| Net income | 79 | 106 | −87 | −234 | −42 | 68 | 68 | 49 | 7 | 150 | −430 | 72 | −238 | 44 | 72 |
| Diluted EPS | $0.93 | $1.24 | −$1.02 | −$2.69 | −$0.47 | $0.75 | $0.74 | $0.53 | $0.07 | $1.59 | −$4.63 | $0.79 | −$2.64 | $0.50 | $0.81 |
| Diluted shares (average) | 85m | 85m | 85m | 87m | 89m | 90m | 91m | 93m | 93m | 95m | 93m | 92m | 90m | 88m | 88m |
| EBITDA | 251 | 275 | 286 | 171 | 119 | 97 | 130 | 136 | 90 | 178 | 145 | 90 | 102 | 107 | 127 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 143 | 132 | 146 | 153 | 162 | 153 | 167 | 184 |
| Cost of revenue | 81 | 78 | 82 | 83 | 90 | 86 | 92 | 102 |
| Gross profit | 61 | 53 | 61 | 70 | 73 | 67 | 75 | 81 |
| Research and development | 10 | 10 | 10 | 10 | 11 | 12 | 11 | 11 |
| Selling, general and administrative | 35 | 37 | 36 | 34 | 36 | 39 | 39 | 39 |
| Operating income | 15 | 4 | 15 | 26 | 26 | 16 | 25 | 31 |
| Net interest income | 29 | −3 | −3 | −2 | 17 | −2 | −2 | −2 |
| Income before tax | 14 | 1 | 11 | 22 | 30 | 11 | 23 | 28 |
| Income tax | 3 | 1 | 4 | 4 | 4 | −0 | 4 | 7 |
| Net income | 19 | −2 | 8 | 17 | 21 | 10 | 19 | 22 |
| Diluted EPS | $0.20 | −$0.02 | $0.09 | $0.20 | $0.24 | $0.11 | $0.22 | $0.25 |
| EBITDA | 25 | 13 | 20 | 31 | 35 | 25 | 30 | 37 |
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