Knife Riv Holding (KNF) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Knife Riv Holding

NYSE•Basic Materials•Building Materials

$54.44-0.05(<0.01%)After hours

Market Cap

$3.09B

P/E

22.1x

P/S

0.9x

P/B

1.9x

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.

How this company scores

GoodMetricSide Score: 61/100

Strongest: Cash & Earnings Quality (19/25); weakest: Profitability (11/25).

Profitability11/25

Growth16/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality19/25

Strengths

Cash-backed earningsConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 22.1x5y range 20.1x – 30.6x

Currently near its 11-quarter median.

P/S · 0.9x5y range 0.9x – 2.0x

Currently below its 11-quarter median.

P/B · 1.9x5y range 0.0x – 3.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $3.09B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.31B
Q. Revenue: $938.59M
TTM EBITDA: $488.61M
TTM Op. Income: $275.33M
Q. Op. Income: $81.11M
TTM Net Income: $139.89M
Q. Net Income: $43.88M
EPS: $0.77
Shares Out.: $56.76M

$3.31B in TTM revenue grew 12.1% YoY, reaching $938.59M last quarter. TTM EBITDA of $488.61M and TTM operating income of $275.33M show growth is flowing through to the bottom line. TTM net income of $139.89M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 17.3%
EBITDA Margin: 14.6%
Op. Margin: 8.6%
Net Margin: 4.7%

Op. margin of 8.6% is down 1.9% YoY — costs are rising relative to revenue. Net margin at 4.7% and gross margin of 17.3% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 18% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 22.1x
P/S Ratio: 0.9x
P/B Ratio: 1.9x

At 22.1x P/E, the stock trades within typical market levels. P/S of 0.9x and P/B of 1.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 27% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.18B
Cash: $40.69M
Long-Term Debt: $1.60B
Book Value: $1.61B
D/E Ratio: 1.0
Debt/EBITDA: 11.6

With $4.18B in assets and $1.60B in long-term debt, D/E is 1.0and book value is $1.61B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-75.09M
TTM Free Cash Flow: $43.06M
FCF Margin: 1.3%
FCF / Net Income: 0.3

TTM FCF of $43.06M on $-75.09M in operating cash flow. The FCF / Net Income ratio of 0.3x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.