Knife River Corporation (KNF) Income Statement
KNF 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsKNF revenue and net income
Where KNF's revenue goes
2025Each bar shows an amount and its share of revenue. KNF kept 5.0% of revenue as net income.
KNF profit margins
KNF growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.5% | +7.5% | +7.6% | — |
| Gross profit | +1.3% | +17.0% | +9.3% | — |
| Operating income | −9.6% | +13.7% | +5.9% | — |
| Net income | −22.1% | +10.6% | +1.3% | — |
| EPS (diluted) | −21.6% | +10.8% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
KNF quarterly EPS vs estimates
Knife River beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 3, 2026 (estimate $2.59).
KNF income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $3.15B | $2.90B | $2.83B | $2.53B | $2.23B | $2.18B |
| Cost of revenue | $2.57B | $2.33B | $2.29B | $2.17B | $1.88B | $1.81B |
| Gross profit | $577.3M | $569.8M | $538.9M | $360.9M | $346.9M | $370.6M |
| Sales, general & admin | $291.5M | $253.6M | $242.5M | $182.7M | $155.9M | $156.1M |
| Total operating expenses | $291.5M | $253.6M | $242.5M | $166.6M | $155.9M | $156.1M |
| Operating income | $285.8M | $316.2M | $296.4M | $194.3M | $191.1M | $214.5M |
| Interest income | $81.9M | $55.2M | $58.1M | $30.1M | $19.2M | $20.6M |
| Interest expense | $81.9M | $55.2M | $58.1M | $30.1M | $19.2M | $20.6M |
| Income before taxes | $213.2M | $271.0M | $245.3M | $158.8M | $173.2M | $194.8M |
| Income taxes | $56.1M | $69.3M | $62.4M | $42.6M | $43.5M | $47.4M |
| Net income | $157.1M | $201.7M | $182.9M | $116.2M | $129.8M | $147.3M |
| EBITDA | $488.8M | $463.1M | $427.2M | $306.7M | $293.4M | $305.0M |
| EPS (diluted) | $2.79 | $3.56 | $3.31 | $2.05 | $2.28 | — |
| Gross margin | 18.4% | 19.7% | 19.0% | 14.2% | 15.6% | 17.0% |
| Operating margin | 9.1% | 10.9% | 10.5% | 7.7% | 8.6% | 9.8% |
| Net margin | 5.0% | 7.0% | 6.5% | 4.6% | 5.8% | 6.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $938.6M | $410.1M | $755.1M | $1.20B | $833.8M | $353.5M | $657.2M | $1.11B | $806.9M | $329.6M | $646.9M | $1.09B |
| Cost of revenue | $775.8M | $412.9M | $609.8M | $917.6M | $676.5M | $363.1M | $543.1M | $832.3M | $630.7M | $323.1M | $534.4M | $821.0M |
| Gross profit | $162.8M | −$2.8M | $145.3M | $286.1M | $157.2M | −$9.6M | $114.1M | $273.0M | $176.2M | $6.5M | $112.5M | $269.4M |
| Sales, general & admin | $81.7M | $83.5M | $80.1M | $69.1M | $69.2M | $73.1M | $70.1M | $63.9M | $59.5M | $60.2M | $75.3M | $59.2M |
| Total operating expenses | $81.7M | $81.5M | $80.1M | $70.9M | $69.2M | $73.1M | $70.1M | $63.9M | $59.5M | $60.2M | $75.3M | $59.2M |
| Operating income | $81.1M | −$84.2M | $65.2M | $215.2M | $88.1M | −$82.7M | $44.0M | $209.1M | $116.7M | −$53.7M | $37.2M | $210.2M |
| Interest income | — | — | $21.3M | $23.0M | $22.3M | $15.3M | $13.4M | $13.9M | — | — | — | $15.4M |
| Interest expense | $24.5M | $20.7M | $21.3M | $23.0M | $22.3M | $15.3M | $13.4M | $13.9M | $13.9M | $14.0M | $14.1M | $15.4M |
| Income before taxes | $59.9M | −$107.6M | $45.2M | $193.4M | $67.9M | −$93.3M | $33.1M | $197.7M | $104.1M | −$64.0M | $26.8M | $194.9M |
| Income taxes | $16.0M | −$28.4M | $13.2M | $50.2M | $17.3M | −$24.6M | $9.9M | $49.6M | $26.2M | −$16.3M | $6.1M | $48.2M |
| Net income | $43.9M | −$79.2M | $32.0M | $143.2M | $50.6M | −$68.7M | $23.3M | $148.1M | $77.9M | −$47.6M | $20.7M | $146.7M |
| EBITDA | $140.8M | −$34.8M | $117.8M | $269.9M | $140.5M | −$39.3M | $81.9M | $246.4M | $152.6M | −$17.8M | $72.2M | $242.0M |
| EPS (diluted) | $0.77 | −$1.39 | $0.56 | $2.53 | $0.90 | −$1.20 | $0.41 | $2.59 | $1.39 | −$0.83 | $0.39 | $2.65 |
| Gross margin | 17.3% | −0.7% | 19.2% | 23.8% | 18.9% | −2.7% | 17.4% | 24.7% | 21.8% | 2.0% | 17.4% | 24.7% |
| Operating margin | 8.6% | −20.5% | 8.6% | 17.9% | 10.6% | −23.4% | 6.7% | 18.9% | 14.5% | −16.3% | 5.8% | 19.3% |
| Net margin | 4.7% | −19.3% | 4.2% | 11.9% | 6.1% | −19.4% | 3.5% | 13.4% | 9.7% | −14.5% | 3.2% | 13.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KNF's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
KNF financial results
In fiscal year 2025 (ended December 31, 2025), Knife River reported revenue of $3.1 billion, up 8.5% from the year before. It had net income of $157.1 million (down 22.1%), a net profit margin of 5.0%. Diluted earnings per share came to $2.79. Over five years revenue grew at an average rate of 7.6% a year.
See the KNF stock overview for the latest quote and news, or the KNF chart for price history and technical indicators.
KNF income statement FAQ
What is Knife River's annual revenue?
Knife River reported total revenue of $3.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 8.5% from $2.9 billion the previous year.
Is Knife River profitable?
Yes. Knife River reported net income of $157.1 million in fiscal 2025, a net profit margin of 5.0%; its operating margin was 9.1%.
What is Knife River's gross margin?
Knife River's gross margin was 18.4% in fiscal 2025: for every $100 of revenue, Knife River kept $18 after the direct cost of its products and services.
How fast is Knife River growing?
Revenue grew 7.6% a year on average over the last five fiscal years, from $2.2 billion to $3.1 billion.
What are Knife River's earnings per share?
Knife River earned $2.79 per diluted share in fiscal 2025, compared with $3.56 a year earlier.
When will Knife River report its next earnings?
Knife River is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens.
When does Knife River's fiscal year end?
Knife River's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.