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Companies / Materials / Knife River Corp
KNF

Knife River Corp

MaterialsMining
Ticker KNFBISMARCK, NDFiscal year ends DecemberBook value per share $28.31Diluted shares 56.7M

Knife River Corporation (NYSE: KNF) supplies construction materials and contracting services across 14 U.S. states, serving federal, state and local governments, as well as industrial, commercial and residential developers and other private customers. Its products include crushed stone and sand and gravel aggregates,… From the company’s description.

In fiscal 2025, Knife River Corp reported revenue of $3.15B, up 8.5% from fiscal 2024, and net income of $157.07M. Its operating margin was 9.1%, and operations generated $278.48M in cash. Over the twelve months to Jun 30, 2026, revenue was $3.31B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$3.15BFY2025
+8.5% year over year
Last 12 mo $3.31B
9.09%FY2025
−1.8 percentage points
Last 12 mo 8.32%
$157.07MFY2025
−22.1% year over year
Last 12 mo $139.89M
9.57%FY2025
−4.1 percentage points
Last 12 mo 8.71%
Cash & financing
$278.48MFY2025
−13.6% year over year
Last 12 mo $312.68M
$-69.57MFY2025
−146.4% year over year
Last 12 mo $43.06M
0.71FY2025
Was 0.46× a year earlier
Last 12 mo 1.01
56.9MFY2025
+0.1% year over year
Last 12 mo 56.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Knife River Corp does

In the company’s own words

Knife River Corporation (NYSE: KNF) supplies construction materials and contracting services across 14 U.S. states, serving federal, state and local governments, as well as industrial, commercial and residential developers and other private customers. Its products include crushed stone and sand and gravel aggregates, ready-mix concrete, asphalt and liquid asphalt; contracting work includes road and bridge construction, paving, concrete construction, site development and grading. The company’s West, Mountain and Central segments operate geographically integrated materials and contracting businesses, while Energy Services produces and supplies liquid asphalt. In 2025, the segments generated 37%, 20%, 32% and 11% of revenue, respectively. Knife River reported $3.15 billion in revenue for 2025 and had 5,298 employees at year-end. Its network included 208 active aggregate sites, 135 ready-mix plants and 55 asphalt plants. The company became independent and publicly traded in 2023 through its separation from MDU Resources, and acquired Strata Corporation in 2025, adding operations in North Dakota and northwestern Minnesota. Its website is https://www.kniferiver.com.

Company details
Sector
Materials
Industry (SIC)
Mining
Headquarters
BISMARCK, ND
Fiscal year end
December
CIK
1955520
SIC
1400

Financial performance, year by year

Fiscal 2023–2025 · USD
$-330.75M$661.50M$1.65B$2.65B$3.64B202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Knife River Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

355
funds hold it
0 of 35
superinvestors hold it
$2.69B
held by funds, at market
56.6%
of shares held by funds

Largest fund holders · Knife River Corp’s weight in each

0.39%of fund net assets
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.13%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD U.S. GROWTH FUND
VWUSX · VANGUARD WORLD FUND
0.31%of fund net assets
T. Rowe Price Mid-Cap Value Fund, Inc.
TRMCX · T. ROWE PRICE MID-CAP VALUE FUND, INC.
0.81%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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