Knife River Corporation (KNF) Key Metrics
KNF valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $2.87B
- Enterprise value
- $4.55B
- P/E (TTM)
- 20.5 10-yr median 25.5
- Forward P/E
- 13.6
- PEG ratio
- 1.62
- Price / sales
- 0.9 10-yr median 1.3
- Price / book
- 1.8 10-yr median 3.0
- EV / EBITDA
- 9.2 10-yr median 10.4
- Dividend yield
- —
- Beta
- 0.60
KNF key metrics, 2020–2025
Fiscal year ended December 31, 2025 · U.S. dollarsKNF valuation Price multiples at each fiscal year-end price.
KNF returns How much profit the business earns on the capital it uses.
KNF per-share figures Results divided by the shares outstanding at year-end.
KNF financial health Debt, liquidity and how easily interest is covered.
KNF efficiency & capital use Working capital cycle and where the cash goes.
KNF valuation history
KNF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KNF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KNF cash returned to shareholders
KNF price vs earnings per share
KNF key metrics
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $4.00B | $5.77B | $3.75B | — | — | — |
| Enterprise value | $5.10B | $6.22B | $4.22B | — | — | — |
| P/E ratio | 25.5 | 28.6 | 20.5 | — | — | — |
| Price / sales | 1.3 | 2.0 | 1.3 | — | — | — |
| Price / book | 2.4 | 3.9 | 3.0 | — | — | — |
| Price / free cash flow | — | 38.5 | 17.7 | — | — | — |
| Price / operating cash flow | 14.4 | 17.9 | 11.2 | — | — | — |
| EV / sales | 1.6 | 2.1 | 1.5 | — | — | — |
| EV / EBITDA | 10.4 | 13.4 | 9.9 | — | — | — |
| EV / free cash flow | — | 41.5 | 19.9 | — | — | — |
| Earnings yield | 3.9% | 3.5% | 4.9% | — | — | — |
| Free cash flow yield | −1.7% | 2.6% | 5.6% | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.1% | 0.0% | — | — | — | — |
| Share price at fiscal year-end | $70.35 | $101.64 | $66.18 | — | — | — |
| Per share | ||||||
| Revenue per share | $55.29 | $51.04 | $49.92 | $44.81 | $39.40 | $38.50 |
| Earnings per share | $2.76 | $3.55 | $3.23 | $2.05 | $2.29 | $2.60 |
| Operating cash flow per share | $4.89 | $5.67 | $5.92 | $3.67 | $3.20 | $4.11 |
| Free cash flow per share | −$1.22 | $2.64 | $3.73 | $0.52 | $0.12 | $1.71 |
| Cash per share | $2.17 | $4.95 | $4.63 | $0.18 | $0.24 | — |
| Book value per share | $28.84 | $25.99 | $22.33 | $18.18 | $16.84 | — |
| Tangible book value per share | $19.13 | $20.24 | $17.30 | $13.09 | $11.67 | — |
| Capex per share | $6.12 | $3.04 | $2.19 | $3.15 | $3.08 | $2.40 |
| Debt per share | $21.41 | $12.80 | $12.81 | $12.92 | $12.99 | — |
| Shares outstanding | 56.9M | 56.8M | 56.7M | 56.6M | 56.6M | 56.6M |
| Change in shares outstanding | +0.2% | +0.2% | +0.2% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | 10.1% | 14.7% | 15.9% | 11.7% | 13.6% | — |
| Return on invested capital (ROIC) | 9.0% | 12.9% | 12.7% | 8.3% | 8.6% | — |
| Return on assets (ROA) | 4.8% | 7.4% | 7.5% | 5.2% | 5.9% | — |
| Return on tangible assets | 5.1% | 8.0% | 7.9% | 5.8% | 6.9% | — |
| Free cash flow margin | −2.2% | 5.2% | 7.5% | 1.2% | 0.3% | 4.4% |
| Income quality (OCF / net income) | 1.77 | 1.60 | 1.84 | 1.78 | 1.40 | 1.58 |
| Financial health | ||||||
| Total debt | $1.22B | $726.8M | $726.4M | $731.0M | $734.5M | — |
| Cash & short-term investments | $123.4M | $281.1M | $262.3M | $10.1M | $13.8M | — |
| Net debt | $1.09B | $445.6M | $464.0M | $720.9M | $720.7M | — |
| Debt / equity | 0.74 | 0.49 | 0.57 | 0.71 | 0.77 | — |
| Debt / assets | 0.33 | 0.25 | 0.28 | 0.32 | 0.34 | — |
| Net debt / EBITDA | 2.24 | 0.96 | 1.09 | 2.35 | 2.46 | — |
| Current ratio | 2.54 | 2.67 | 2.63 | 1.18 | 1.52 | — |
| Quick ratio | 1.39 | 1.64 | 1.71 | 0.55 | 0.70 | — |
| Interest coverage | 3.5 | 5.7 | 5.1 | 6.5 | 9.9 | 10.4 |
| Working capital | $582.9M | $617.6M | $566.3M | $91.7M | $185.4M | — |
| Invested capital | $2.74B | $1.92B | $1.73B | $1.75B | $1.67B | — |
| Tangible asset value | $1.09B | $1.15B | $980.7M | $740.6M | $660.2M | — |
| Net current asset value | −$1.05B | −$387.4M | −$420.3M | −$657.2M | −$686.4M | — |
| Graham number | $42.33 | $45.56 | $40.25 | $28.99 | $29.49 | — |
| Graham net-net per share | −$25.65 | −$12.38 | −$12.55 | −$16.34 | −$16.30 | — |
| Capital allocation | ||||||
| Share buybacks (net) | $2.6M | $1.7M | — | — | — | — |
| Dividends + buybacks / free cash flow | — | 1.1% | — | — | — | — |
| Capex / revenue | 11.1% | 5.9% | 4.4% | 7.0% | 7.8% | 6.2% |
| Capex / operating cash flow | 125.0% | 53.5% | 37.0% | 85.9% | 96.1% | 58.5% |
| Capex / depreciation | 1.80 | 1.26 | 1.00 | 1.51 | 1.86 | 1.63 |
| Stock-based compensation / revenue | 0.4% | 0.3% | 0.1% | 0.1% | 0.1% | 0.1% |
| SG&A / revenue | 9.3% | 8.7% | 8.6% | 7.2% | 7.0% | 7.2% |
| Efficiency | ||||||
| Days sales outstanding | 31.6 | 33.6 | 31.8 | 30.4 | 32.2 | — |
| Days of inventory on hand | 58.0 | 54.8 | 51.2 | 51.6 | 56.5 | — |
| Days payables outstanding | 20.3 | 19.5 | 15.5 | 14.3 | 16.0 | — |
| Cash conversion cycle (days) | 69.3 | 69.0 | 67.5 | 67.8 | 72.7 | — |
| Receivables turnover | 11.54 | 10.86 | 11.48 | 11.99 | 11.33 | — |
| Payables turnover | 17.94 | 18.75 | 23.50 | 25.58 | 22.78 | — |
| Inventory turnover | 6.30 | 6.66 | 7.13 | 7.07 | 6.46 | — |
| Asset turnover | 0.97 | 1.06 | 1.16 | 1.13 | 1.02 | — |
| Average receivables | $272.6M | $267.0M | $246.5M | $211.5M | $196.7M | — |
| Average payables | $143.2M | $124.2M | $97.5M | $85.0M | $82.6M | — |
| Average inventory | $408.0M | $350.0M | $321.4M | $307.4M | $291.4M | — |
| Intangibles / total assets | 15.1% | 11.5% | 11.0% | 12.6% | 13.4% | — |
Computed from KNF's annual financial statements (latest annual report filed February 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
KNF valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Knife River traded at 25.5 times earnings, against a 6-year median of 25.5. Based on the latest twelve months, the trailing P/E is 20.5 and the forward P/E is 13.6. Knife River earned a return on equity of 10.1% and a return on invested capital of 9.0% in fiscal 2025. It ended the year with $1.2 billion of debt and $123.4 million in cash and short-term investments, net debt of $1.1 billion. It returned $2.6 million to shareholders: $0 in dividends and $2.6 million in share buybacks.
See the KNF income statement, the KNF chart for price history, or the KNF stock overview for the latest quote and news.
KNF key metrics FAQ
What is Knife River's P/E ratio?
Knife River's trailing P/E ratio is 20.5 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 13.6. At the end of fiscal 2025 it was 25.5, compared with a 6-year median of 25.5.
What is Knife River's EV/EBITDA?
Knife River's enterprise value was 10.4 times EBITDA at the end of fiscal 2025 (enterprise value $5.1 billion, EBITDA $488.8 million); the current EV/EBITDA is 9.2.
What is Knife River's return on equity?
Knife River's return on equity (ROE) was 10.1% in fiscal 2025: net income of $157.1 million on average shareholders' equity of $1.6 billion.
What is Knife River's ROIC?
Knife River's return on invested capital was 9.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Knife River have?
Knife River had total debt of $1.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.74 and $1.1 billion of net debt (2.24 times EBITDA).
Does Knife River buy back its shares?
Yes. Knife River spent $2.6 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.2% over the year, to 56.9M..
What is Knife River's free cash flow yield?
Knife River generated -$69.6 million of free cash flow in fiscal 2025, a free cash flow yield of −1.7% on its market value at year-end ($4.0 billion).
What is Knife River's current ratio?
Knife River's current ratio was 2.54 at the end of fiscal 2025: current assets were 2.54 times current liabilities.