Cash flow Knife River Corporation

Stocks

KNF

US4988941047

Construction Materials

Real-time Estimate Cboe BZX 23:16:10 31/08/2026 +04			5-day change	1st Jan Change
62.72 ^USD	-2.36%		-1.05%	-10.46%

08-25	DA Davidson Initiates Coverage on Knife River With Buy Rating, $85 Price Target	MT
08-05	RBC Adjusts Price Target on Knife River to $103 From $107, Maintains Outperform Rating	MT

03b267f.RqmOoew-2dkiiPYdo9h5bvwqIvOJ_ePI8kAKRNmQIeo.M5D96pgLvZNHuKVLkbAtMa54dZTft9OExzhZFrX5TK80kPj0h1Kao3bRxg

Published financial data: KNIFE RIVER CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	2.23B	2.53B	2.83B	2.9B	3.15B
Total Revenues	2.23B	2.53B	2.83B	2.9B	3.15B
Cost of Goods Sold, Total	1.88B	2.17B	2.29B	2.33B	2.57B
Gross Profit	347M	361M	539M	570M	577M
Selling General & Admin Expenses, Total	157M	167M	228M	241M	282M
Other Operating Expenses, Total	157M	167M	228M	241M	282M
Operating Income	190M	194M	311M	329M	295M
Interest Expense, Total	-19.22M	-30.12M	-58.1M	-55.24M	-81.94M
Interest And Investment Income	-	-	-	-	4.57M
Net Interest Expenses	-19.22M	-30.12M	-58.1M	-55.24M	-77.37M
Other Non Operating Income (Expenses)	1.11M	-5.35M	6.69M	8.69M	-190K
EBT, Excl. Unusual Items	172M	159M	259M	282M	218M
Merger & Related Restructuring Charges	-	-	-	-7.7M	-10.8M
Gain (Loss) On Sale Of Investments	1.4M	-	1.9M	2.9M	2.94M
Asset Writedown	-	-	-5.8M	-	-
Other Unusual Items	-	-	-10M	-6.5M	3.55M
EBT, Incl. Unusual Items	173M	159M	245M	271M	213M
Income Tax Expense	43.46M	42.6M	62.44M	69.32M	56.14M
Earnings From Continuing Operations	130M	116M	183M	202M	157M
Net Income to Company	130M	116M	183M	202M	157M
Net Income - (IS)	130M	116M	183M	202M	157M
Net Income to Common Incl Extra Items	130M	116M	183M	202M	157M
Net Income to Common Excl. Extra Items	130M	116M	183M	202M	157M
Per Share Items
Net EPS - Basic	1.62K	2.05	3.23	3.56	2.77
Basic EPS - Continuing Operations	1.62K	2.05	3.23	3.56	2.77
Basic Weighted Average Shares Outstanding	80K	56.57M	56.57M	56.61M	56.65M
Net EPS - Diluted	1.62K	2.05	3.23	3.55	2.76
Diluted EPS - Continuing Operations	1.62K	2.05	3.23	3.55	2.76
Diluted Weighted Average Shares Outstanding	80K	56.57M	56.67M	56.84M	56.9M
Normalized Basic EPS	1.34K	1.75	2.86	3.12	2.4
Normalized Diluted EPS	1.34K	1.75	2.86	3.1	2.39
Supplemental Items
EBITDA	291M	312M	434M	466M	489M
EBITA	193M	197M	316M	335M	320M
EBIT	190M	194M	311M	329M	295M
EBITDAR	366M	386M	507M	541M	560M
Total Revenues (As Reported)	2.23B	2.53B	2.83B	2.9B	3.15B
Effective Tax Rate - (Ratio)	25.09	26.82	25.45	25.58	26.33
Current Domestic Taxes	10.6M	40.52M	64.04M	69.67M	30.64M
Total Current Taxes	10.6M	40.52M	64.04M	69.67M	30.64M
Deferred Domestic Taxes	32.86M	2.08M	-1.61M	-350K	25.49M
Total Deferred Taxes	32.86M	2.08M	-1.61M	-350K	25.49M
Normalized Net Income	107M	99.26M	162M	176M	136M
Interest on Long-Term Debt	-	-	-	55.24M	81.94M
Non-Cash Pension Expense	626K	509K	1.11M	1M	1.07M
Supplemental Operating Expense Items
Net Rental Expense, Total	75.01M	73.91M	72.57M	75.55M	71.49M
Imputed Operating Lease Interest Expense	-	24.31M	46.29M	45.96M	48.19M
Imputed Operating Lease Depreciation	-	49.6M	26.28M	29.6M	23.3M
Stock-Based Comp., Other (Total)	1.85M	1.27M	2.89M	7.83M	11.39M
Total Stock-Based Compensation	1.85M	1.27M	2.89M	7.83M	11.39M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	13.85M	10.09M	262M	237M	73.82M
Total Cash And Short Term Investments	13.85M	10.09M	262M	237M	73.82M
Accounts Receivable, Total	211M	241M	294M	299M	356M
Other Receivables	8.05M	16.05M	-	-	-
Total Receivables	219M	257M	294M	299M	356M
Inventory	291M	323M	320M	380M	436M
Prepaid Expenses	18.64M	17.85M	37.52M	27.68M	46.23M
Restricted Cash	-	-	-	44.34M	49.6M
Total Current Assets	543M	609M	914M	988M	961M
Gross Property Plant And Equipment	2.4B	2.54B	2.62B	2.86B	3.56B
Accumulated Depreciation	-1.1B	-1.17B	-1.26B	-1.36B	-1.48B
Net Property Plant And Equipment	1.3B	1.36B	1.36B	1.49B	2.08B
Long-term Investments	38.48M	36.7M	41.22M	45.82M	55.32M
Goodwill	276M	275M	274M	297M	520M
Other Intangibles, Total	16.23M	13.43M	10.82M	29.41M	32.68M
Other Long-Term Assets, Total	7.63M	-	-	-	-
Total Assets	2.18B	2.29B	2.6B	2.85B	3.65B
Liabilities
Accounts Payable, Total	82.6M	87.37M	108M	141M	146M
Accrued Expenses, Total	94.46M	114M	161M	146M	146M
Current Portion of Long-Term Debt	108M	238M	7.08M	10.48M	11.71M
Current Portion of Leases	15M	13.21M	12.95M	14.84M	15.94M
Current Income Taxes Payable	-	-	-	8.29M	11.25M
Unearned Revenue Current, Total	32.35M	39.84M	51.38M	42.13M	33.77M
Other Current Liabilities	24.56M	24.69M	6.9M	7.1M	14.2M
Total Current Liabilities	357M	517M	347M	370M	378M
Long-Term Debt	576M	447M	675M	667M	1.15B
Long-Term Leases	35.13M	32.66M	31.76M	34.53M	36.65M
Pension & Other Post Retirement Benefits	-	-	-	13.84M	15.91M
Deferred Tax Liability Non Current	169M	176M	175M	175M	288M
Other Non Current Liabilities	91.96M	93.5M	106M	115M	137M
Total Liabilities	1.23B	1.27B	1.33B	1.38B	2.01B
Common Stock, Total	551M	550M	615M	570K	571K
Additional Paid In Capital	-	-	-	621M	630M
Retained Earnings	430M	495M	666M	868M	1.02B
Treasury Stock	-3.63M	-3.63M	-3.63M	-3.63M	-3.63M
Comprehensive Income and Other	-24.49M	-12.35M	-11.32M	-9.3M	-10.26M
Total Common Equity	953M	1.03B	1.27B	1.48B	1.64B
Total Equity	953M	1.03B	1.27B	1.48B	1.64B
Total Liabilities And Equity	2.18B	2.29B	2.6B	2.85B	3.65B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	80K	80K	56.58M	56.61M	56.66M
ECS Total Common Shares Outstanding	80K	80K	56.58M	56.61M	56.66M
Book Value / Share	11.91K	12.86K	22.38	26.07	28.96
Tangible Book Value	660M	741M	981M	1.15B	1.09B
Tangible Book Value Per Share	8.25K	9.26K	17.33	20.3	19.21
Total Debt	735M	731M	726M	727M	1.22B
Net Debt	721M	721M	464M	490M	1.14B
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.02M	5.33M	3.19M	345K	-53K
Debt Equivalent Oper. Leases	600M	591M	581M	604M	572M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	68.5M	78.57M	61.78M	91.33M	91.07M
Inventories - Finished Goods, Total	196M	211M	225M	253M	304M
Inventories - Others	27.32M	33.21M	32.53M	36.44M	40.36M
Land - (BS)	149M	151M	154M	175M	230M
Buildings, Total	149M	166M	216M	241M	292M
Machinery, Total	1.41B	1.49B	1.59B	1.72B	2.05B
Full Time Employees	3.84K	3.8K	4.39K	4.76K	5.3K
Accumulated Allowance for Doubtful Accounts (Supple)	5.41M	5.48M	6.17M	4.34M	5.19M
Order Backlog	708M	935M	662M	746M	1.03B

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	130M	116M	183M	202M	157M
Depreciation & Amortization - CF	98.37M	115M	119M	131M	169M
Amortization of Goodwill and Intangible Assets - (CF)	2.6M	2.8M	5.2M	5.9M	24.7M
Depreciation & Amortization, Total	101M	118M	124M	137M	194M
Amortization of Deferred Charges, Total - (CF)	402K	483K	3.12M	2.76M	3.72M
(Gain) Loss From Sale Of Asset	-6.64M	-14.09M	-27K	-9.22M	-21.78M
(Gain) Loss on Sale of Investments - (CF)	-1.63M	2.52M	-2.2M	-2.92M	-2.94M
(Income) Loss On Equity Investments - (CF)	-373K	438K	-286K	-279K	-259K
Stock-Based Compensation (CF)	1.85M	1.27M	2.89M	7.83M	11.39M
Provision and Write-off of Bad Debts	48K	538K	2M	1.1M	2.44M
Other Operating Activities, Total	33.95M	3.38M	3.47M	530K	25.89M
Change In Accounts Receivable	15.36M	-32.51M	-54.82M	14.06M	-44.04M
Change In Inventories	-42.44M	-31.03M	3.65M	-44.3M	-13.44M
Change In Accounts Payable	-13.9M	17.49M	33.09M	7.31M	-14.99M
Change in Other Net Operating Assets	-36.11M	24.93M	38.16M	6.9M	-18.35M
Cash from Operations	181M	207M	336M	322M	278M
Capital Expenditure	-174M	-178M	-124M	-172M	-348M
Sale of Property, Plant, and Equipment	12.02M	22.88M	8.28M	12M	47.47M
Cash Acquisitions	-235M	1.74M	-	-131M	-610M
Investment in Marketable and Equity Securities, Total	-837K	-2.34M	-1.89M	-3.39M	-3.1M
Cash from Investing	-398M	-156M	-118M	-295M	-914M
Short Term Debt Issued, Total	-	208M	-	-	-
Long-Term Debt Issued, Total	282M	-	905M	-	500M
Total Debt Issued	282M	208M	905M	-	500M
Long-Term Debt Repaid, Total	-221K	-207M	-3.65M	-7.04M	-8.81M
Total Debt Repaid	-221K	-207M	-3.65M	-7.04M	-8.81M
Repurchase of Common Stock	-	-	-	-1.67M	-2.65M
Other Financing Activities, Total	-57.96M	-56.02M	-867M	-	-11.07M
Cash from Financing	224M	-55.32M	34.39M	-8.71M	477M
Net Change in Cash	6.78M	-3.76M	252M	18.81M	-158M
Supplemental Items
Cash Interest Paid	19.12M	28.15M	-	-	-
Cash Income Tax Paid (Refund)	34.78M	21.19M	76.69M	62.18M	41.76M
Levered Free Cash Flow	-	5.8M	172M	107M	-137M
Unlevered Free Cash Flow	-	24.15M	206M	139M	-89.09M
Change In Net Working Capital	-	38.2M	-9.03M	39.17M	131M
Net Debt Issued / Repaid	282M	695K	902M	-7.04M	491M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	-	5.43	7.93	7.54	5.67
Return on Total Capital	-	7.05	10.35	9.8	7.29
Return On Equity %	-	11.73	15.94	14.71	10.08
Return on Common Equity	-	11.73	15.94	14.71	10.08
Margin Analysis
Gross Profit Margin %	15.57	14.24	19.04	19.66	18.35
SG&A Margin	7.04	6.57	8.07	8.31	8.97
EBITDA Margin %	13.05	12.31	15.35	16.06	15.54
EBITA Margin %	8.64	7.78	11.16	11.55	10.16
EBIT Margin %	8.52	7.67	10.97	11.34	9.38
Income From Continuing Operations Margin %	5.82	4.59	6.46	6.96	4.99
Net Income Margin %	5.82	4.59	6.46	6.96	4.99
Net Avail. For Common Margin %	5.82	4.59	6.46	6.96	4.99
Normalized Net Income Margin	4.82	3.92	5.72	6.09	4.32
Levered Free Cash Flow Margin	-	0.23	6.09	3.69	-4.34
Unlevered Free Cash Flow Margin	-	0.95	7.26	4.78	-2.83
Asset Turnover
Asset Turnover	-	1.13	1.16	1.06	0.97
Fixed Assets Turnover	-	1.9	2.08	2.03	1.76
Receivables Turnover (Average Receivables)	-	11.22	10.57	9.78	9.62
Inventory Turnover (Average Inventory)	-	7.07	7.13	6.66	6.3
Short Term Liquidity
Current Ratio	1.52	1.18	2.63	2.67	2.54
Quick Ratio	0.65	0.52	1.6	1.45	1.14
Operating Cash Flow to Current Liabilities	0.51	0.4	0.97	0.87	0.74
Days Sales Outstanding (Average Receivables)	-	32.54	34.52	37.41	37.94
Days Outstanding Inventory (Average Inventory)	-	51.61	51.2	54.99	57.98
Average Days Payable Outstanding	-	14.06	15.56	19.03	19.92
Cash Conversion Cycle (Average Days)	-	70.09	70.17	73.37	76
Long Term Solvency
Total Debt/Equity	77.09	71.06	57.37	49.24	74.23
Total Debt / Total Capital	43.53	41.54	36.46	32.99	42.61
LT Debt/Equity	64.15	46.62	55.79	47.52	72.55
Long-Term Debt / Total Capital	36.23	27.25	35.45	31.84	41.64
Total Liabilities / Total Assets	56.33	55.17	51.3	48.23	55.04
EBIT / Interest Expense	9.88	6.45	5.35	5.95	3.6
EBITDA / Interest Expense	19.04	12.82	8.73	9.8	6.84
(EBITDA - Capex) / Interest Expense	9.97	6.9	6.59	6.68	2.59
Total Debt / EBITDA	2.01	1.89	1.43	1.34	2.17
Net Debt / EBITDA	1.97	1.87	0.92	0.91	2.04
Total Debt / (EBITDA - Capex)	3.83	3.52	1.9	1.97	5.74
Net Debt / (EBITDA - Capex)	3.76	3.47	1.21	1.33	5.39
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.34	13.72	11.66	2.43	8.52
Gross Profit, 1 Yr. Growth %	-6.38	4.02	49.33	5.73	1.32
EBITDA, 1 Yr. Growth %	-3.82	6.86	39.77	7.2	4.96
EBITA, 1 Yr. Growth %	-10.92	1.76	59.57	5.99	-4.47
EBIT, 1 Yr. Growth %	-10.77	1.68	60.93	5.87	-10.27
Earnings From Cont. Operations, 1 Yr. Growth %	-11.93	-10.43	57.35	10.28	-22.12
Net Income, 1 Yr. Growth %	-11.93	-10.43	57.35	10.28	-22.12
Normalized Net Income, 1 Yr. Growth %	-10.63	-8.31	65.18	8.91	-22.94
Diluted EPS Before Extra, 1 Yr. Growth %	-11.93	-99.87	57.56	9.91	-22.25
Accounts Receivable, 1 Yr. Growth %	-	14.55	21.87	1.51	19.11
Inventory, 1 Yr. Growth %	-	10.92	-1.13	19	14.56
Net Property, Plant and Equip., 1 Yr. Growth %	-	4.66	-0.1	9.66	39.6
Total Assets, 1 Yr. Growth %	-	5.16	13.32	9.67	28.02
Tangible Book Value, 1 Yr. Growth %	-	12.18	32.42	17.21	-5.29
Common Equity, 1 Yr. Growth %	-	7.95	23.08	16.59	11.17
Cash From Operations, 1 Yr. Growth %	-22.02	14.46	61.84	-3.99	-13.6
Capital Expenditures, 1 Yr. Growth %	28.23	2.26	-30.24	38.74	101.85
Levered Free Cash Flow, 1 Yr. Growth %	-	-	3.35K	-17.4	-227.81
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	780.55	-14.73	-164.27
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	7.88	12.69	6.94	5.43
Gross Profit, 2 Yr. CAGR %	-	-1.32	24.63	25.66	3.5
EBITDA, 2 Yr. CAGR %	-	1.3	22.2	22.41	8.06
EBITA, 2 Yr. CAGR %	-	-4.87	27.38	30.05	3.24
EBIT, 2 Yr. CAGR %	-	-4.83	27.89	30.53	0.05
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-11.18	18.72	31.73	-7.32
Net Income, 2 Yr. CAGR %	-	-11.18	18.72	31.73	-7.32
Normalized Net Income, 2 Yr. CAGR %	-	-9.7	22.83	32.16	-5.41
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-96.66	18.76	31.59	-7.56
Accounts Receivable, 2 Yr. CAGR %	-	-	18.15	11.23	9.96
Inventory, 2 Yr. CAGR %	-	-	4.72	8.47	16.76
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	2.26	4.67	23.73
Total Assets, 2 Yr. CAGR %	-	-	9.16	11.48	18.49
Tangible Book Value, 2 Yr. CAGR %	-	-	21.88	24.58	5.36
Common Equity, 2 Yr. CAGR %	-	-	15.27	19.79	13.85
Cash From Operations, 2 Yr. CAGR %	-	-5.52	36.1	24.65	-8.92
Capital Expenditures, 2 Yr. CAGR %	-	14.51	-15.54	-1.62	67.34
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	362.16	6.91
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	143.68	-23.62
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	9.13	9.16	7.47
Gross Profit, 3 Yr. CAGR %	-	-	13.3	17.98	16.95
EBITDA, 3 Yr. CAGR %	-	-	12.83	16.98	16.29
EBITA, 3 Yr. CAGR %	-	-	13.48	19.81	17.34
EBIT, 3 Yr. CAGR %	-	-	13.43	20.08	15.2
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	7.47	15.84	10.56
Net Income, 3 Yr. CAGR %	-	-	7.47	15.84	10.56
Normalized Net Income, 3 Yr. CAGR %	-	-	10.47	18	10.41
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	7.5	15.73	10.42
Accounts Receivable, 3 Yr. CAGR %	-	-	-	12.32	13.79
Inventory, 3 Yr. CAGR %	-	-	-	9.28	10.46
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	4.67	15.21
Total Assets, 3 Yr. CAGR %	-	-	-	9.33	16.74
Tangible Book Value, 3 Yr. CAGR %	-	-	-	20.3	13.7
Common Equity, 3 Yr. CAGR %	-	-	-	15.71	16.85
Cash From Operations, 3 Yr. CAGR %	-	-	13.04	21.16	10.31
Capital Expenditures, 3 Yr. CAGR %	-	-	-2.93	-0.35	25.01
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	201.11
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	56.27
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	7.63
Gross Profit, 5 Yr. CAGR %	-	-	-	-	9.27
EBITDA, 5 Yr. CAGR %	-	-	-	-	10.08
EBITA, 5 Yr. CAGR %	-	-	-	-	8.15
EBIT, 5 Yr. CAGR %	-	-	-	-	6.75
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	1.29
Net Income, 5 Yr. CAGR %	-	-	-	-	1.29
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	2.5
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	1.2
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	3.68
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	20.7