Knife River Corp income statement
In fiscal 2025, Knife River Corp reported revenue of $3.15bn, up 8.5% on the year before, operating income of $286m (a 9.1% margin) and net income of $157m, or $2.76 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 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 2,229 | 2,535 | 2,830 | 2,899 | 3,146 | 3,307 |
| Cost of revenue | 1,882 | 2,174 | 2,291 | 2,329 | 2,569 | 2,718 |
| Gross profit | 347 | 361 | 539 | 570 | 577 | 590 |
| Selling, general and administrative | 156 | 167 | 243 | 254 | 291 | 314 |
| Operating income | 191 | 194 | 296 | 316 | 286 | 275 |
| Interest expense | 19 | 30 | 58 | 55 | 82 | 90 |
| Net interest income | 19 | 30 | 53 | — | — | — |
| Income before tax | 173 | 159 | 245 | 271 | 213 | 191 |
| Income tax | 43 | 43 | 62 | 69 | 56 | 51 |
| Net income | 130 | 116 | 183 | 202 | 157 | 140 |
| Diluted EPS | $2.29 | $2.05 | $3.23 | $3.55 | $2.76 | $2.46 |
| Diluted shares (average) | 57m | 57m | 57m | 57m | 57m | 57m |
| EBITDA | 292 | 312 | 420 | 453 | 480 | 489 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,105 | 657 | 353 | 834 | 1,204 | 755 | 410 | 939 |
| Cost of revenue | 832 | 543 | 363 | 677 | 919 | 610 | 413 | 776 |
| Gross profit | 273 | 114 | −10 | 157 | 284 | 145 | −3 | 163 |
| Selling, general and administrative | 64 | 70 | 73 | 69 | 69 | 80 | 83 | 82 |
| Operating income | 209 | 44 | −83 | 88 | 215 | 65 | −86 | 81 |
| Interest expense | 14 | 13 | 15 | 22 | 23 | 21 | 21 | 25 |
| Income before tax | 198 | 33 | −93 | 68 | 193 | 45 | −108 | 60 |
| Income tax | 50 | 10 | −25 | 17 | 50 | 13 | −28 | 16 |
| Net income | 148 | 23 | −69 | 51 | 143 | 32 | −79 | 44 |
| Diluted EPS | $2.60 | $0.41 | −$1.21 | $0.89 | $2.52 | $0.56 | −$1.40 | $0.77 |
| EBITDA | 244 | 79 | −44 | 138 | 269 | 117 | −34 | 137 |
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