KNF
Knife River Corporation
KNF's fundamentals are mixed: revenue grew 11%, but earnings per share fell 9.9%. At 24x earnings, it's trading below its usual 28x. Analysts expect earnings to decline, though they disagree widely on how much.
KNF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Stable |
KNF's revenue, profitability and balance sheet are currently stable, but its cash flow is under pressure.
KNF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 24x | $56.68 | — |
| Forward | 24x | $56.68 | — |
| Cheap | 25x | $58.32 | +2.9% |
| Fair | 28x | $65.42 | +15% |
| Expensive | 31x | $73.66 | +30% |
Historical ranges are pointers, not guarantees.
KNF's PE is in its cheap range at 24.0x. On analysts' estimates for next year's earnings, today's price would be 23.7x.
KNF Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Decline | |
| Stable | |
| Weakening | |
| Limited | |
| Low |
Analysts expect KNF's earnings and profitability to decline, with its revenue holding steady. However, they disagree widely on these estimates.
KNF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.39 | +1.5% |
| Q3 2026 | $2.36 | -9.9% |
| Q2 2026 | $2.45 | -9.3% |
| Q1 2026 | $2.57 | -19% |
| Q4 2025 | $2.76 | -22% |
KNF's earnings per share have fallen from their peak: $2.36 over the past year, against $3.55 in late 2024.
KNF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +6% |
| Q2 2026 | $938.6M | +13% |
| Q1 2026 | $410.1M | +16% |
| Q4 2025 | $755.1M | +15% |
| Q3 2025 | $1.2B | +8.9% |
| Q2 2025 | $833.8M | +3.3% |
| Q1 2025 | $353.5M | +7.2% |
| Q4 2024 | $657.2M | +1.6% |
KNF's revenue has grown year over year for 14 quarters in a row: $1.3B last quarter, up 6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 17% | -1.1 points |
| Q2 2026 | 8.6% | -1.9 points |
| Q1 2026 | -21% | +2.3 points |
| Q4 2025 | 8.6% | +1.9 points |
| Q3 2025 | 18% | -1 points |
| Q2 2025 | 11% | -3.9 points |
| Q1 2025 | -23% | -7.1 points |
| Q4 2024 | 6.7% | +1 points |
KNF's operating margin was 17% last quarter, down 1.1 points from the same quarter a year ago.
KNF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $136.1M | -28% |
| Q2 2026 | -$147.9M | +$48.3M |
| Q1 2026 | -$135.9M | +$64.4M |
| Q4 2025 | $138.2M | +8.7% |
| Q3 2025 | $188.7M | -13% |
| Q2 2025 | -$196.2M | -$89.7M |
| Q1 2025 | -$200.2M | -$113.3M |
| Q4 2024 | $127.2M | -12% |
KNF's free cash flow was −$10M over the past year, against −$81M the year before.
KNF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -53K shares |
| 1 year | -0.1% | -59K shares |
| 3 years | +0.4% | +226K shares |
KNF has 57M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
KNF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.9x | Moderate |
| Q2 2026 | 3.2x | Elevated |
| Q1 2026 | 2.9x | Moderate |
| Q4 2025 | 2.3x | Moderate |
| Q3 2025 | 2.6x | Moderate |
| Q2 2025 | 3.2x | Elevated |
| Q1 2025 | 2.5x | Moderate |
| Q4 2024 | 1.0x | Very low |
KNF's net debt is about 2.9 years of its operating earnings (EBITDA), up from 2.6 years a year ago.
KNF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.9 | Neutral |
| Stochastic | 32.8 | Neutral |
KNF's weekly RSI is 40 (neutral) and its Stochastic is 33 (neutral).
KNF PE vs Basic Materials Sector
| Metric | KNF | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 19x | 29% above |
| PE % | 13 | 19 | 6 pts below |
KNF is trading at 24x earnings, a 29% premium to the Basic Materials sector's median of 19x.
KNF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $53.6 | 5.7% above |
| 20 week MA | $63.3 | 10% below |
| 50 week MA | $73.6 | 23% below |
| 100 week MA | $80.1 | 29% below |
KNF has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 29% below its 100-week average.
KNF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $37.7 | $66.2 | +76% |
| 2024 | $66.2 | $103.0 | +56% |
| 2025 | $103.0 | $73.7 | -28% |
| 2026 YTD | $73.7 | $56.7 | -23% |
KNF has finished higher in two of the last three years, two of them by more than 50%. It's down 23% so far in 2026.