Knife River Corporation (KNF) AI Stock Analysis

Knife River Corporation specializes in providing aggregates-led construction materials and comprehensive contracting services across the United States. The company operates through segments including Pacific, Northwest, Mountain, Central, and Energy Services. Its primary activities include mining, processing, and distributing construction aggregates such as crushed stone, sand, gravel, asphalt, and ready-mix concrete for infrastructure and building projects. Additionally, Knife River delivers contracting services that include heavy-civil construction, asphalt and concrete paving, and site development and grading. Headquartered in Bismarck, North Dakota, the company serves federal, state, and municipal governments, commercial and residential developers, and industrial customers.

Annual revenue grew from $2.23B in FY2021 to $2.53B in FY2022, $2.83B in FY2023, $2.90B in FY2024, and $3.15B in FY2025, reflecting a 5-year revenue CAGR of 7.6%. Net income peaked at $201.7M in FY2024 before decreasing to $157.1M in FY2025, alongside an operating margin drop from 10.9% to 9.1%. Diluted EPS dropped from $3.56 in FY2024 to $2.79 in FY2025. Over the trailing twelve months, revenue reached $3.31B with a net profit margin of 4.2% and EPS of $2.46. In the latest quarter ended June 30, 2026, quarterly revenue rose 12.6% year-over-year, while quarterly earnings fell 13.5%.

As of June 30, 2026, Knife River held $40.7M in cash and short-term investments against $1.67B in total debt, resulting in net debt of $1.63B. Shareholders' equity stood at $1.61B, yielding a debt-to-equity ratio of 1.04, while its current ratio was 2.66. Operating cash flow in FY2025 was $278.5M, but free cash flow was -$69.6M due to capital expenditures of $348.0M. During FY2025, the company deployed $2.6M toward share buybacks.

At a share price of $50.50, Knife River carries a market capitalization of $2.87B and an enterprise value of $4.55B. The stock trades at a trailing P/E of 20.5x and a forward P/E of 13.6x, compared to medians of 19.7x and 13.4x, respectively, for its US-listed Basic Materials peers. Its EV/EBITDA stands at 9.2x, below the peer median of 10.5x, while its price-to-sales of 0.9x trails the peer median of 1.8x. Over the past year, KNF shares dropped 22.9%, trailing the S&P 500 return of 16.8%.

Wall Street coverage consists of 4 Strong Buy, 3 Hold, and 1 Sell ratings. The mean price target of $75.12 suggests a 48.8% upside relative to the closing price of $50.50. For the fiscal year ending December 31, 2026, consensus estimates anticipate EPS of $2.32 on revenue of $3.43B. In the subsequent fiscal year, 3 analysts project revenue of $3.56B and EPS of $3.24. Knife River has beaten EPS estimates in 1 of the last 4 quarters, and its next earnings date is November 3, 2026.

This page is an AI-written research summary of Knife River Corporation (KNF). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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