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Knife River Corp (KNF) stock

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NYSE: KNF NYSE Construction Materials Next results ~November 3, 2026

C Fundamentals grade

Knife River Corp is a US-listed company in the construction materials industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 217% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 217% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Knife River Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds161 adding, 167 cuttingOf 40 active managers that changed their stake, 16 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Knife River files

Where Knife River stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.31bn, up 12.1% on a year earlier, faster than the 9.6% growth a quarter earlier. Free-cash-flow margin rose to 1.3% from -1.8% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 6 financial-health checks.

Our model value for Knife River is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Knife River Corp's trailing-twelve-month revenue grew 12.1% year on year, with a free-cash-flow margin of 1.3%. Where it stands out: stock pay as % of revenue of 0.3% ranks 1 of 7 construction materials companies we cover. Where it lags: free-cash-flow margin of 1.3% ranks 8 of 8 construction materials companies we cover.

Our discounted-cash-flow model values the business at ~$18 per share in the base case (~$6.7–$33 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 12.1% (+2.6pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Knife River Corp's latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Volatile shares. Over the past year the shares showed annualised volatility of 51% and a beta of 1.3 against the S&P 500.
  • Weak cash conversion. Free cash flow was 31% of net income over the last 12 months.
  • Below peers: free-cash-flow margin. Free-cash-flow margin of 1.3% ranks 8 of 8 construction materials companies we cover (median 8.9%).
  • Below peers: gross margin. Gross margin of 17.8% ranks 7 of 8 construction materials companies we cover (median 27.5%).
  • Heavily shorted. 10.2% of the shares available to trade are sold short (4.0 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$0.73 against an average estimate of $1.14: missed by 35.8%
Revenue
$939m, up 12.6% on a year earlier
Share reaction
-14.0% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Guidance given
revenue $3,400m to $3,600m (full-year 2026); adjusted EBITDA $520m to $560m (full-year 2026)
Next report
November 3, 2026; average EPS estimate $2.56

Knife River's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.4%
  • 1 week+9.1%
  • 1 month+14.7%
  • This year-17.9%
  • 1 year-4.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.3B
Operating margin
8.3%
Net margin
4.2%
EPS (TTM, diluted)
$2.46

Growth

Revenue growth
+12.1%
Change in growth rate
+2.6 pts
Share count change
+0.1%

Cash

Free cash flow (TTM)
$43.1M
FCF margin
1.3%
Stock pay % of revenue
0.3%

Earnings

Last results
August 4, 2026
Next results (est.)
November 3, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Announcement
  4. Results
  5. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Knife River Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 217% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Knife River Corp as an operating company, with every model that fits that kind of business. Cost of equity 9.7%: the 10-year Treasury yield (4.9%) plus a beta of 1.05 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$59 ~$49–$86 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$41 ~$28–$61 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$40 ~$35–$47 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Knife River Corp with Construction Materials in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202320242025Now
Share price$66.18$101.64$70.35$57.73
Market value$3.8bn$5.8bn$4.0bn$3.3bn
+ Net debt (− = net cash)$462m$441m$1.1bn$1.6bn
Enterprise value$4.2bn$6.2bn$5.1bn$4.9bn
Multiples
Price / sales 1.3x2.0x1.3x1.0x
Price / earnings 20.5x28.6x25.5x23.5x
Price / free cash flow 17.7x38.5x—76.3x
EV / EBITDA 10.0x13.7x10.6x10.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, before the open. Analysts expect revenue of $1.3bn and EPS of $2.56 (range $2.49 to $2.62) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.32 −16% $3.4bn +9%
Next $3.24 +40% $3.6bn +4%

Next year's EPS estimate has moved −18.0% in 90 days, across 3 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.14 $0.73 −35.8%
Mar 2026 −$1.32 −$1.39 −4.9%
Dec 2025 $0.44 $0.56 +27.0%
Sept 2025 $2.60 $2.53 −2.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026
  • Revenue full-year 2026 $3,400m to $3,600m Raised
    “Revenue $ 3,400.0 $ 3,600.0” source
  • Adjusted EBITDA full-year 2026 $520m to $560m Non-GAAP
    “Adjusted EBITDA $ 520.0 $ 560.0” source
  • capital expenditures for maintenance and improvement (% of revenue) total 2026 5% to 7%
    “The company currently estimates total 2026 capital expenditures for maintenance and improvement to be between 5% and 7% of revenue.” source
  • capital expenditures on organic growth projects remainder of 2026 about $76.4m
    “For the remainder of 2026, the company expects to spend $76.4 million on organic growth projects.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

8 analysts, Oct 2026
Buy450%
Hold338%
Sell113%

Monthly trend

  1. Oct 20264318
  2. Sep 202614218
  3. Aug 20261539
  4. Jul 202615219

Counts of recommendations published by analysts covering Knife River Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
10.2%
of tradable shares
Days to cover
3.98
at average volume
Short interest, 1 month
+6%
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
0.4%
of shares
Employees
5,298
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −4.5%

$60.46 on October 31, 2025 to $57.73

ThenNowEffect
Revenue (last 12 months) $2.9bn $3.3bn +12.1%
Net margin 5.2% 4.2% −18.6%
P/E multiple 22.4x 23.5x +4.7%
Share count 57m 57m −0.1%

Biggest factor: net margin.

Last 3 years +5.5%

$54.71 on November 3, 2023 to $57.73

ThenNowEffect
Revenue (last 12 months) $2.6bn $3.3bn +26.9%
Net margin 5.1% 4.2% −17.2%
P/E multiple 23.2x 23.5x +1.1%
Share count 57m 57m −0.6%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202420252026 to date
Return
KNF+54%−31%−18%
Industry peers (median)+18%+1%−5%
S&P 500+25%+18%+11%
Months that ended higher
KNF50%42%46%
S&P 50075%75%46%
Largest fall from a high during the year
KNF−18%−44%−49%
S&P 500−8%−19%−9%

Worst fall since June 6, 2023: 55% from January 21, 2025 to October 14, 2026. Getting back needed a 124% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$47.98 – $93.97
From 52-week high
−38.6%
vs 50-day average
+4.0%
vs 200-day average
−22.1%
Volatility (1 year)
51%
Beta vs S&P 500
1.26

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±6.1%
After a week
8 up, 4 down
typical move ±7.2%
After a month
6 up, 6 down
typical move ±10.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 −14.0% +1.6% −13.6% −22.3%
May 5, 2026 +1.3% +2.2% −8.7% −15.1%
February 17, 2026 +12.3% +0.7% +10.1% +2.0%
November 4, 2025 +18.1% −0.8% +16.7% +21.2%
August 5, 2025 +3.4% +0.3% +10.2% −6.8%
May 6, 2025 −5.2% −0.4% +6.2% −4.8%
February 13, 2025 +4.9% +1.1% −4.4% −3.9%
November 4, 2024 −6.0% +1.0% +1.5% +6.3%
August 6, 2024 −0.7% +0.2% +3.6% +6.4%
May 7, 2024 −5.7% +0.1% −4.4% −16.0%
February 15, 2024 +1.0% +0.2% +4.9% +10.5%
November 6, 2023 +1.2% +0.5% +2.7% +12.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Knife River Corp in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Knife River Corp
$2.6B $2.8B $3B $3.2B $3.4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.7B Revenue (TTM), FY23 Q4: $2.8B Revenue (TTM), FY24 Q1: $2.9B Revenue (TTM), FY24 Q2: $2.9B Revenue (TTM), FY24 Q3: $2.9B Revenue (TTM), FY24 Q4: $2.9B Revenue (TTM), FY25 Q1: $2.9B Revenue (TTM), FY25 Q2: $2.9B Revenue (TTM), FY25 Q3: $3B Revenue (TTM), FY25 Q4: $3.1B Revenue (TTM), FY26 Q1: $3.2B Revenue (TTM), FY26 Q2: $3.3B $3.3B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.7B
FY23 Q4 $2.8B
FY24 Q1 $2.9B
FY24 Q2 $2.9B
FY24 Q3 $2.9B
FY24 Q4 $2.9B
FY25 Q1 $2.9B
FY25 Q2 $2.9B
FY25 Q3 $3B
FY25 Q4 $3.1B
FY26 Q1 $3.2B
FY26 Q2 $3.3B
Revenue growth, TTM YoY Knife River Corp
0% 5% 10% 15% FY23 Q4 FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Revenue growth, TTM YoY, FY23 Q4: 11.7% Revenue growth, TTM YoY, FY24 Q1: 12.6% Revenue growth, TTM YoY, FY24 Q2: 10.3% Revenue growth, TTM YoY, FY24 Q3: 6.2% Revenue growth, TTM YoY, FY24 Q4: 2.4% Revenue growth, TTM YoY, FY25 Q1: 2.5% Revenue growth, TTM YoY, FY25 Q2: 2.6% Revenue growth, TTM YoY, FY25 Q3: 5.5% Revenue growth, TTM YoY, FY25 Q4: 8.5% Revenue growth, TTM YoY, FY26 Q1: 9.6% Revenue growth, TTM YoY, FY26 Q2: 12.1% 12.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 11.7%
FY24 Q1 12.6%
FY24 Q2 10.3%
FY24 Q3 6.2%
FY24 Q4 2.4%
FY25 Q1 2.5%
FY25 Q2 2.6%
FY25 Q3 5.5%
FY25 Q4 8.5%
FY26 Q1 9.6%
FY26 Q2 12.1%
Operating margin (TTM) Knife River Corp
8% 9% 10% 11% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 10.8% Operating margin (TTM), FY23 Q4: 10.5% Operating margin (TTM), FY24 Q1: 10.1% Operating margin (TTM), FY24 Q2: 10.8% Operating margin (TTM), FY24 Q3: 10.7% Operating margin (TTM), FY24 Q4: 10.9% Operating margin (TTM), FY25 Q1: 9.8% Operating margin (TTM), FY25 Q2: 8.8% Operating margin (TTM), FY25 Q3: 8.7% Operating margin (TTM), FY25 Q4: 9.1% Operating margin (TTM), FY26 Q1: 8.8% Operating margin (TTM), FY26 Q2: 8.3% 8.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 10.8%
FY23 Q4 10.5%
FY24 Q1 10.1%
FY24 Q2 10.8%
FY24 Q3 10.7%
FY24 Q4 10.9%
FY25 Q1 9.8%
FY25 Q2 8.8%
FY25 Q3 8.7%
FY25 Q4 9.1%
FY26 Q1 8.8%
FY26 Q2 8.3%
FCF margin (TTM) Knife River Corp
-5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 6.5% FCF margin (TTM), FY23 Q4: 7.5% FCF margin (TTM), FY24 Q1: 8.6% FCF margin (TTM), FY24 Q2: 5.4% FCF margin (TTM), FY24 Q3: 5.8% FCF margin (TTM), FY24 Q4: 5.2% FCF margin (TTM), FY25 Q1: 1.3% FCF margin (TTM), FY25 Q2: -1.8% FCF margin (TTM), FY25 Q3: -2.6% FCF margin (TTM), FY25 Q4: -2.2% FCF margin (TTM), FY26 Q1: -0.2% FCF margin (TTM), FY26 Q2: 1.3% 1.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 6.5%
FY23 Q4 7.5%
FY24 Q1 8.6%
FY24 Q2 5.4%
FY24 Q3 5.8%
FY24 Q4 5.2%
FY25 Q1 1.3%
FY25 Q2 -1.8%
FY25 Q3 -2.6%
FY25 Q4 -2.2%
FY26 Q1 -0.2%
FY26 Q2 1.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Knife River took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $3.1B
  2. Cost of revenue $2.6B · 81.6%
  3. Gross profit $577M · 18.4%
  4. Selling, general and admin $291M · 9.3%
  5. Operating income $286M · 9.1%
  6. Income tax $56.1M · 1.8%
  7. Interest and other $72.7M · 2.3%
  8. Net income $157M · 5.0%

Shares of revenue. Source: Knife River's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 2,229 2,535 2,830 2,899 3,146 3,307
Gross profit 347 361 539 570 577 590
EBITDA 292 312 420 453 480 489
Operating income 191 194 296 316 286 275
Net income 130 116 183 202 157 140
Diluted EPS $2.29 $2.05 $3.23 $3.55 $2.76 $2.46
Growth (year on year)
Revenue — +13.7% +11.7% +2.4% +8.5% +12.1%
EBITDA — +6.9% +34.6% +7.8% +5.9% +17.0%
Operating income — +1.7% +52.5% +6.7% −9.6% +6.5%
Net income — −10.4% +57.3% +10.3% −22.1% −8.7%
Diluted EPS — −10.5% +57.6% +9.9% −22.3% −8.8%
Margins
Gross margin 15.6% 14.2% 19.0% 19.7% 18.4% 17.8%
EBITDA margin 13.1% 12.3% 14.8% 15.6% 15.2% 14.8%
Operating margin 8.6% 7.7% 10.5% 10.9% 9.1% 8.3%
Net margin 5.8% 4.6% 6.5% 7.0% 5.0% 4.2%
Free-cash-flow margin 0.3% 1.2% 7.5% 5.2% −2.2% 1.3%
Cash flow
Cash from operations 181 207 336 322 278 313
Capital spending 174 178 124 172 348 270
Free cash flow 7 29 211 150 −70 43
Stock-based pay 2 1 3 8 11 11
Free cash flow after stock pay 5 28 209 142 −81 32
Balance sheet
Cash 14 10 219 237 74 41
Total debt 0 1 682 677 1,166 1,617
Net debt (negative = net cash) −14 −9 462 441 1,092 1,577
Diluted shares 57m 57m 57m 57m 57m 57m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 6 checks passed · June 30, 2026
What it owns · $4.2bn
Short-term assets $1.3bnLonger-term assets $2.9bn
What it owes, and who funded it · $4.2bn
Short-term liabilities $477mLonger-term liabilities $2.1bnShareholders' equity $1.6bn
  • Short-term assets cover short-term liabilities $1.3bn of assets due within a year against $477m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.3bn short-term assets against $2.1bn of longer-dated liabilities.
  • More cash than debt $41m of cash against $1.6bn of debt.
  • Debt below 40% of shareholders' equity Debt is 101% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $313m of operating cash flow against $1.6bn of debt.
  • Operating profit covers interest at least five times over Operating income of $275m against $90m of interest.

From Knife River Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+0.1%
year over year
Sales & admin spending
9.5%
of revenue

Competitors: side by side with peers

Closest by revenue in construction materials
Last 12 months unless stated KNF EXP TTAM MLM VMC SND Median
Revenue, last 12 months $3.3bn $2.3bn $1.7bn $6.7bn $8.0bn $387m $2.8bn
Revenue growth, last 12 months 12.1% 1.7% 1.8% 14.8% 1.6% 26.5% 5.0%
Revenue growth, 3-year average 8.3% 2.0% — 1.1% 1.4% 8.6% 5.2%
Revenue growth, latest quarter 12.6% 2.6% — 21.0% −4.7% 34.1% 4.1%
Gross margin 17.8% 27.0% 26.1% 28.2% 27.5% 13.5% 27.2%
Operating margin 8.3% 31.7% 16.1% 20.6% 20.3% 2.0% 18.2%
Operating margin, 3-year average 9.3% 31.6% — 30.3% 19.7% −0.1% 19.7%
Net margin 4.2% 17.3% 11.1% 36.7% 13.8% 2.7% 12.5%
Cash from operations / revenue 9.5% 27.2% 17.8% 22.7% 18.9% 12.1% 18.3%
Free-cash-flow margin 1.3% 7.3% 8.1% 12.1% 9.8% 8.9% 8.5%
Free-cash-flow margin, 3-year average 1.6% 13.5% — 12.6% 11.3% 3.5% 11.3%
Stock pay / revenue 0.3% 0.9% — 0.7% 0.6% 0.9% 0.7%
Change in share count 0.1% −4.8% 4.6% −1.1% −1.7% 1.6% −0.5%

Median of all 8 companies we cover in construction materials. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

8 construction materials companies
Measure Company Peer median Rank
Revenue growth Growth 12.1% 5.6% 3 of 8
Change in growth rate Growth +2.6pp -0.4pp 3 of 8
Gross margin Profitability 17.8% 27.5% 7 of 8
Operating margin Profitability 8.3% 16.1% 6 of 7
Net margin Profitability 4.2% 13.8% 7 of 8
Free-cash-flow margin Cash generation 1.3% 8.9% 8 of 8
Stock pay as % of revenue Cash generation 0.3% 0.7% 1 of 7
Long-term debt as % of assets Balance sheet 38.3% 23.9% 7 of 8
Change in share count Balance sheet 0.1% 0.1% 5 of 8

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Products $1.8B ▲ 14.4%
Services $1.4B ▲ 1.9%
Contracting Services Public Sector $1.1B ▲ 0.2%
Ready Mix Concrete $779M ▲ 18.9%
Aggregates $617M ▲ 11.0%
Asphalt $421M ▼ 4.6%
Liquid Asphalt $296M ▲ 23.9%
Other $280M ▲ 5.3%
Contracting Services Private Sector $259M ▲ 9.7%

These categories overlap or exclude eliminations, so shares aren't shown.

From Knife River Corp's 10-K filed February 20, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$4.6B
Institutions reporting
390
Shares held vs prior quarter
▲ 0.7%
Positions opened / closed
33 / 31

Top buyers and sellers, Q2 2026: 161 institutions bought and 167 sold ; the biggest buyer was Price T Rowe Associates Inc (+619K shares) and the biggest seller Barrow Hanley Mewhinney & Strauss LLC (−1.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $610M 7.3M 13.3% ▲ 4.6%
Price T Rowe Associates Inc $428M 5.1M 9.3% ▲ 13.8%
Capital World Investors $271M 3.2M 5.9% ▲ 22.7%
Vanguard Portfolio Management LLC $235M 2.8M 5.1% ▲ 2.7%
Baillie Gifford & Co $229M 2.7M 5.0% ▲ 2.7%
Vanguard Capital Management LLC $214M 2.6M 4.7% ▲ 0.6%
State Street Corp $180M 2.2M 3.9% ▲ 4.7%
Dimensional Fund Advisors LP $150M 1.8M 3.3% ▲ 22.2%
Geode Capital Management, LLC $127M 1.5M 2.8% ▲ 6.4%
UBS Group AG $124M 1.5M 2.7% ▼ 36.5%
Neuberger Berman Group LLC $118M 1.4M 2.6% ▲ 24.7%
Capital Research Global Investors $108M 1.3M 2.3% ▼ 26.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Knife River Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 5, 2026
  • February 17, 2026
  • November 4, 2025
  • August 5, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Knife River Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Knife River Corp in brief

What does Knife River Corp do?
Knife River Corp is a US-listed company in the construction materials industry. Its financial year ends in December.
What is Knife River Corp's stock ticker?
Knife River Corp trades under the ticker KNF on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Knife River Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Knife River Corp reported revenue of $3.3B, 12.1% higher than a year earlier, according to its SEC filings.
What is Knife River Corp's free cash flow?
Knife River Corp's free-cash-flow margin is 1.3% of revenue over the trailing twelve months, ranking 8 of the 8 construction materials companies we cover.
Who are Knife River Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Price T Rowe Associates Inc and Capital World Investors. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Knife River Corp's market cap?
On November 2, 2026, Knife River Corp's market capitalisation was about $3.3B, with a price-to-earnings ratio of 23.5 and net debt of $1.6B. Market figures come from third-party market data and may be delayed.
How much debt does Knife River Corp have?
Knife River Corp's debt-to-equity ratio is 100.7%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Knife River Corp's competitors?
In our Construction Materials peer group, the companies closest to Knife River Corp are Eagle Materials Inc, Titan America SA, Martin Marietta Materials, Vulcan Materials Company and Smart Sand, Inc. The side-by-side comparison below sets their revenue, margins and growth against Knife River Corp's.
When is Knife River Corp's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Knife River Corp announces its own schedule.