KNOP
KNOT Offshore Partners LP
KNOP trails on the overall score without a compensating advantage in the available component scores.
VRT
Vertiv Holdings Co
VRT has the edge over KNOP overall, supported by stronger valuation and stronger modeled upside.
KNOP Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Under pressure |
KNOP's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is under pressure.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
KNOP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.6x | $2.86 | -69% |
| Fair | 9.6x | $4.14 | -55% |
| Forward | 16x | $9.23 | — |
| Expensive | 18x | $7.76 | -16% |
| Current | 22x | $9.23 | — |
Historical ranges are pointers, not guarantees.
KNOP's PE is in its expensive range at 22x. On analysts' estimates for next year's earnings, today's price would be 16x.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over KNOP in the historical PE scenario, which offers more potential upside but is not a forecast.
KNOP Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect KNOP's earnings and profitability to decline, with its revenue holding steady.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
VRT has the edge over KNOP on the outlook, with more favorable earnings and revenue expectations.
KNOP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.58 | +35% |
| Q2 2026 | $0.43 | -57% |
| Q1 2026 | $0.53 | +43% |
| Q4 2025 | $0.67 | +81% |
| Q3 2025 | $1.54 | +$2.00 |
| Q2 2025 | $0.99 | +4850% |
| Q1 2025 | $0.37 | +$1.11 |
| Q4 2024 | $0.37 | +$1.37 |
| Q3 2024 | -$0.46 | +$0.21 |
KNOP's earnings per share have fallen from their peak: $0.43 over the past year, against $2.94 in early 2021.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over KNOP on earnings, with more consistent year-over-year improvement.
KNOP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $96.8M | +11% |
| Q1 2026 | $92M | +9.5% |
| Q4 2025 | $96.5M | +5.7% |
| Q3 2025 | $96.9M | +27% |
| Q2 2025 | $87.1M | +17% |
| Q1 2025 | $84M | +9.7% |
| Q4 2024 | $91.3M | +25% |
| Q3 2024 | $76.3M | +5% |
KNOP's revenue has grown year over year for 14 quarters in a row: $97M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 16% | -9.4 points |
| Q1 2026 | 16% | -12 points |
| Q4 2025 | 30% | -8.3 points |
| Q3 2025 | 32% | +9.1 points |
| Q2 2025 | 25% | +24 points |
| Q1 2025 | 28% | +2.2 points |
| Q4 2024 | 38% | +13 points |
| Q3 2024 | 23% | -5.8 points |
KNOP's operating margin was 16% last quarter, down 9.4 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over KNOP on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over KNOP on profitability, with a higher operating margin.
KNOP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $32.9M | -3.2% |
| Q1 2026 | $33M | -7.7% |
| Q4 2025 | $43.4M | +5.4% |
| Q3 2025 | $44.3M | +28% |
| Q2 2025 | $34M | +0.7% |
| Q1 2025 | $35.8M | +34% |
| Q4 2024 | $41.2M | +28% |
| Q3 2024 | $34.5M | +37% |
KNOP's free cash flow has been positive every quarter for seven years: $154M over the past year, up 5.6% from the year before.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over KNOP on cash flow, with more consistent year-over-year improvement.
KNOP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -1.1% | -385K shares |
| 3 years | -1.1% | -385K shares |
| 5 years | +3.4% | +1.1M shares |
| Available history | +3.7% | +1.2M shares |
KNOP has the edge over VRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $1.4M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
KNOP spent $1M buying back its own shares over the past year, after none the year before.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
KNOP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.9x | Elevated |
| Q1 2026 | 4.1x | High |
| Q4 2025 | 4.4x | High |
| Q3 2025 | 4.0x | Elevated |
| Q2 2025 | 4.1x | High |
| Q1 2025 | 4.7x | High |
| Q4 2024 | 4.4x | High |
| Q3 2024 | 5.2x | High |
KNOP's net debt is about 3.9 years of its operating earnings (EBITDA), down from 4.1 years a year ago.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over KNOP on leverage, with a lower net debt burden relative to earnings.
KNOP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.3 | Neutral |
| Stochastic | 16.3 | Oversold |
KNOP's weekly RSI is 40 (neutral) and its Stochastic is 16 (oversold).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
KNOP PE vs Industrials Sector
| Metric | KNOP | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 24x | 10% below |
| PE % | 93 | 58 | 35 pts above |
KNOP has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
KNOP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.89 | 6.7% below |
| 20 week MA | $10.4 | 11% below |
| 50 week MA | $10.5 | 12% below |
| 100 week MA | $8.76 | 5.4% above |
| 200 week MA | $7.34 | 26% above |
KNOP has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 26% above its 200-week average.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above its 200-week average.
KNOP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.7 | $14.9 | -24% |
| 2021 | $14.9 | $13.1 | -12% |
| 2022 | $13.1 | $9.46 | -28% |
| 2023 | $9.46 | $5.76 | -39% |
| 2024 | $5.76 | $5.37 | -6.8% |
| 2025 | $5.37 | $10.6 | +98% |
| 2026 YTD | $10.6 | $9.23 | -13% |
KNOP has finished lower in five of the last six years. It's down 13% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over KNOP on returns for 2026, with the stronger performance.