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Knife River Corporation (referred to as we, our, us, the Company or Knife River) is an aggregates-based construction materials and contracting services provider in the United States. Our 1.3 billion tons of aggregate reserves provide the foundation for our vertically integrated business strategy, with approximately 35 percent of our aggregates in 2025 being used internally to support value-adde…
$81.71
$1.87 (-2.24%)
EOD Jul 17, 2026
Operating margin is thin at 9.09%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 8.5%, steady but not accelerating. Free cash flow declined 146% despite revenue growth, conversion is weakening.
At 32x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 146% versus the prior year, cash generation momentum has weakened.
31.8x earnings. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$3.20B
▲ +8.5% YoY
Net Income (TTM)
$147M
▼ -22.1% YoY
Op. Margin
8.81%
▼ -1.8pp YoY
ROIC
7.92%
▼ -2.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$5M
▼ -146.4% YoY
Op. Cash Flow (TTM)
$345M
▼ -13.6% YoY
Net Debt
$1.47B
Cash & Equiv.
$13M
3Y CAGR: +7.5%
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At a P/E of 31.8, Knife River (KNF)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Knife River scores 34/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full . This is analysis, not investment advice.
Knife River scores 34 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 8.8% operating margin and a 7.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. you should weigh KNF's valuation and scores 34/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.