Knife River Corporation

Knife River Corporation

KNF · NYSE · Basic Materials / Building Materials

56.30USD-0.38 (-0.67%)

Price History

Full chart

Market Stats

Previous Close56.68
Open56.99
Day Range55.70 – 57.26
52-Week Range50.67 – 96.28
Volume433.45K
Market Cap3.03B
P/E (TTM)21.70
Forward P/E13.61
EPS2.46
Dividend Yield0.00%
Beta0.52
50-Day Avg65.23
200-Day Avg76.97

About

Knife River Corporation, together with its subsidiaries, provides aggregates-based construction materials and contracting services in the United States. The company operates through West, Mountain, Central, and Energy Services segments. It mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete. The company also provides contracting services, such as heavy-civil construction, asphalt and concrete paving, and site development and grading. In addition, it sells cement, merchandise, and other building materials and related services; and produces and supplies liquid asphalt for use in asphalt road construction. The company sells its construction materials to public and private-sector customers comprising federal, state, and municipal governments; industrial, commercial, and residential developers, as well as other private parties; and provides its contracting services to public-sector customers for the development and servicing of highways, local roads, bridges, and other public-infrastructure projects. Knife River Corporation was founded in 1917 and is headquartered in Bismarck, North Dakota.

Company Details

  • SectorBasic Materials
  • IndustryBuilding Materials
  • CEOMr. Brian R. Gray
  • Employees5.30K
  • Headquarters1150 West Century Avenue, Bismarck, ND, United States, 58506-5568, USA
  • Websitehttps://www.kniferiver.com

Leadership

  • Mr. Brian R. GrayCEO, President & Director · b. 1971
  • Mr. Nathan W. RingVP & CFO · b. 1975
  • Mr. Trevor J. HastingsVP & COO · b. 1974
  • Mr. Karl A. LiepitzVP, Chief Legal Officer & Secretary · b. 1979
  • Mr. Glenn R. PladsenVP & Chief Excellence Officer · b. 1968
  • Ms. Peggy S. RebstockVP, Chief Accounting Officer & Controller · b. 1973
  • Mr. Zane Adam KarimiDirector of Investor Relations
  • Tony SpildeSenior Director of Communications
  • Ms. Sarah L. LaChapelleVP & Chief People Officer · b. 1980
  • Ms. Marney L. KadrmasSenior Vice President of Financial Strategy · b. 1970

Financials

Income Statement

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue2.18B2.23B2.53B2.83B2.90B3.15B
Growth (%)-+2.34%+13.72%+11.66%+2.43%+8.52%
Cost of Revenue1.81B1.88B2.17B2.29B2.33B2.57B
Gross Profit370.58M346.95M360.89M538.93M569.83M577.30M
Gross Margin17.01%15.57%14.24%19.04%19.66%18.35%
Operating Expense156.08M155.87M166.60M242.54M253.63M291.50M
Operating Income214.50M191.08M194.29M296.40M316.19M285.80M
Operating Margin9.85%8.57%7.67%10.47%10.91%9.08%
EBITDA304.96M293.41M306.74M427.21M463.11M488.80M
EBITDA Margin14.00%13.16%12.10%15.09%15.97%15.54%
Net Income147.32M129.75M116.22M182.87M201.68M157.10M
Net Income Margin6.76%5.82%4.59%6.46%6.96%4.99%
Interest Expense20.58M19.22M30.12M58.10M55.24M81.90M
Interest Expense % of Total Revenue0.94%0.86%1.19%2.05%1.91%2.60%

Balance Sheet

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-2.18B2.29B2.60B2.85B3.65B
Total Liabilities-1.23B1.27B1.33B1.38B2.01B
Total Equity-952.84M1.03B1.27B1.48B1.64B
Cash-13.85M10.09M262.32M281.13M123.42M
Total Debt-734.52M730.96M726.37M726.76M1.22B
Net Debt-720.67M720.87M464.05M445.63M1.09B

Cash Flow

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow232.40M181.24M207.44M335.73M322.32M278.48M
Investing Cash Flow-185.85M-398.27M-155.88M-117.89M-294.80M-913.66M
Financing Cash Flow-47.95M223.80M-55.32M34.39M-8.71M477.47M
Capital Expenditure135.87M174.23M178.16M124.28M172.43M348.04M
Free Cash Flow96.53M7.01M29.28M211.44M149.90M-69.57M
FCF to OCF41.54%3.87%14.12%62.98%46.51%-24.98%

Earnings

Report DateMay 31, 2023Aug 8, 2023Nov 6, 2023Feb 15, 2024May 7, 2024Aug 6, 2024Nov 4, 2024Feb 13, 2025May 6, 2025Aug 5, 2025Nov 4, 2025Feb 17, 2026May 5, 2026Aug 4, 2026Nov 3, 2026
EPS Estimate0.000.551.850.16-0.841.232.840.34-0.861.432.600.44-1.321.112.62
EPS Actual-0.721.002.650.39-0.831.392.590.41-1.200.902.530.56-1.390.77-
Surprise-81.82%43.24%143.75%1.19%13.01%-8.80%20.59%-39.53%-37.06%-2.69%27.27%-5.30%-30.63%-
Timing-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap3.03B
Enterprise Value4.55B
Trailing P/E21.70
Forward P/E13.61
PEG Ratio1.62
Price / Sales0.92
Price / Book1.82
EPS2.46
Book Value28.29
Revenue (TTM)3.31B
Gross Profit (TTM)589.67M
EBITDA494.42M
Profit Margin4.23%
Operating Margin8.80%
Return on Equity9.12%
Return on Assets4.50%
Shares Outstanding56.76M
Shares Float56.46M
Beta0.52
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 9 analystsTarget 85.38
  • Strong Buy
    7
  • Hold
    2

Ownership Breakdown

Institutions
103.33%
Insiders
0.43%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    6.97M12.28%
  • T. Rowe Price Associates, Inc.
    4.50M7.92%
  • Capital World Investors
    3.24M5.72%
  • Vanguard Portfolio Management, LLC
    2.74M4.83%
  • Baillie Gifford & Co Limited.
    2.74M4.83%
  • Vanguard Capital Management, LLC
    2.55M4.49%
  • UBS Group AG
    2.34M4.12%
  • State Street Corp
    2.06M3.62%
  • Dimensional Fund Advisors, Inc.
    1.79M3.15%
  • Geode Capital Management, LLC
    1.43M2.52%
  • Morgan Stanley - Brokerage Accounts
    1.39M2.45%
  • Capital Research Global Investors
    1.29M2.27%
  • Neuberger Berman Group LLC
    1.13M2.00%

Top Fund Holders

  • American Funds SMALLCAP World A
    4.41M7.78%
  • iShares Core S&P Mid-Cap ETF
    1.99M3.50%
  • Vanguard US Growth Investor
    1.87M3.30%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.81M3.19%
  • T. Rowe Price Mid-Cap Value
    1.65M2.90%
  • iShares Russell 2000 ETF
    1.47M2.60%
  • Vanguard Small Cap Index
    1.31M2.30%