Knife Riv Holding Co.

Knife Riv Holding Co.

NNYSE:KNF
56.40
USD
-0.85
(-1.48%)
2.37EPS
21.25P/E
2.86BMarket Cap
Feb 18Next Earn
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
38.5
39.4
44.81
50.01
51.22
55.49
59.57
Basic EPS, GAAP
2.6
2.29
2.05
3.23
3.56
2.77
2.37
Free Cash Flow per Basic Share
4.11
3.2
3.67
5.93
5.69
4.91
4.53
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
16.84
18.18
22.38
26.07
28.96
30.76
Tangible Book Value per Share
- -
11.67
13.09
17.33
20.3
19.21
19.93
Basic Weighted Avg Shares
57
57
57
57
57
57
57
Sales/Revenue/Turnover
2,178
2,229
2,535
2,830
2,899
3,146
3,379
Operating Margin (%)
9.85
8.57
7.67
10.47
10.91
9.09
8.12
Depreciation Expense
90
101
118
124
137
194
215
Net Income, GAAP
147
130
116
183
202
157
135
Effective Tax Rate (%)
24.35
25.09
26.82
25.45
25.58
26.33
27.66
Profit Margin (%)
6.76
5.82
4.59
6.46
6.96
4.99
3.98
Working Capital
- -
185
92
566
618
583
872
LT Debt
- -
611
480
706
701
1,190
1,568
Total Equity
- -
953
1,029
1,266
1,476
1,641
1,746
Return on Invested Capital (%)
- -
- -
8.25
11.75
11.17
8.29
6.36
Return on Capital (%)
- -
- -
8.02
12.06
11.57
8.59
6.48
Return on Common Equity (%)
- -
- -
11.73
15.94
14.71
10.08
8.03

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
27
34
36
LT Borrowings
1,422
1,600
1,534
LT Finance Leases
34
35
33
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
57
57
57
Market Capitalization
4,634
4,748
2,862

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
942
1,272
1,377
Cash, Cash Equivalents & STI
13
41
118
Accounts Receivable, Net
140
270
298
Inventories
481
507
464
Total Current Liabilities
352
477
505
Payables & Accruals
272
378
400
ST Debt
27
34
36
Deferred Revenue
30
27
28

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
11.17%
Free Cash Flow
- -
7.34%
-13.6%
Net Income, GAAP
- -
4.63%
-22.12%
Sales/Revenue/Turnover
- -
7.73%
8.52%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
330
807
1,105
657
2,899
2025
353
834
1,204
755
3,146
2026
410
939
1,276
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.84
1.38
2.62
0.41
3.56
2025
-1.21
0.89
2.52
0.56
2.77
2026
-1.4
0.77
2.43
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Brian R. Gray
Full Time Employees
5,298
Sector
Non-energy minerals
Industry
Construction materials
Address
1150 West Century Avenue Bismarck ND United States 58506-5568
IPO Date
May 25, 2023
Business
Knife River Corporation (NYSE: KNF) supplies aggregates-based construction materials and contracting services across 14 states in the western, central, and southern United States. Founded in 1917 and headquartered in Bismarck, North Dakota, the company mines, processes, and sells construction aggregates such as crushed stone, sand, and gravel; produces and sells ready-mix concrete, asphalt mixes, and liquid asphalt for road construction; and offers contracting services including heavy-civil construction, asphalt and concrete paving, site development, grading, demolition, and excavating. It also provides specialized products and services like precast/prestressed concrete and cement to public- and private-sector customers, including federal, state, and municipal governments, as well as industrial, commercial, residential developers, and other private parties, with operations segmented into Pacific, Northwest, Mountain, Central, and Energy Services regions. The company operates over 75 aggregate locations in select markets, employs approximately 5,700 people at peak season, and focuses on vertically integrated solutions for highways, local roads, bridges, airport runways, and public infrastructure projects. Knife River separated from MDU Resources Group in 2023 to become an independent, publicly traded entity and continues to expand through strategic acquisitions aligned with its Competitive EDGE growth plan. In March 2025, it completed the $454 million acquisition of Strata Corporation, an aggregates-led provider in North Dakota and northwestern Minnesota with over 900 employees, enhancing its Central Region footprint, aggregate reserves, and EBITDA margins. Through November 2024, Knife River deployed $129.3 million on six additional acquisitions focused on aggregates and construction materials at 6-8 times projected 2025 EBITDA multiples, and in March 2025 amended its credit agreement for $1.265 billion in senior secured facilities, including a $500 million Term Loan B, to support the Strata deal and further growth.

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