Knife River Corporation (KNF) is a Materials stock trading at $63.67 (as of 2026-08-24), with a market capitalization of $3.61B and a trailing P/E of 78.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Knife River Corporation supplies aggregates-based construction materials and related contracting services in the United States. Through its Pacific, Northwest, Mountain, North Central, South, and Energy Services segments, it mines and processes and sells construction aggregates, produces asphalt and ready-mix concrete, and performs paving, heavy-civil work, and site development for federal, state, and municipal infrastructure projects.
Knife River provides aggregates-based construction materials and contracting services in the United States, it mines and processes construction aggregates (crushed stone, sand, gravel) and produces asphalt and ready-mix concrete, it also performs heavy-civil construction, asphalt and concrete paving, and site development and grading, generating money from selling these materials and providing the related contracting services.
Knife River’s profit model combines selling construction materials with winning and executing contracting work, so earnings tend to follow infrastructure/project activity, while cash conversion is shaped by working capital (Days sales outstanding).
Business quality (Weak): Latest results show negative gross and operating margins, demand signals appear mixed (pricing up versus baseline but some volumes and internal asphalt sales down), and energy services EBITDA declined versus the prior year, though new projects secured suggests an active pipeline.
Valuation: At 34× earnings, KNF trades in line with the Metal Mining average (32×). Note: one-time items can distort reported P/E.
| Price | $63.67 |
| Market Cap | $3.61B |
| P/E Ratio | 78.8 |
| EV / EBITDA | 15.1 |
| Price / Book | 2.32 |
| Price / Sales | 1.29 |
| FCF Yield | -26.0% |
| DCF Value (model) | $22.63 |
| DCF Upside vs Price | -64.5% |
| Revenue (TTM) | $3.15B |
| Net Margin | 5.0% |
| Revenue Growth (YoY) | 8.5% |
| EPS Growth (YoY) | -22.2% |
| FCF Growth (YoY) | -146.4% |
| Altman Z-Score | 2.78 (grey) |
| Piotroski F-Score | 3/9 (weak) |
| Stock P/E | 78.8 |
| Sector P/E (Materials) | 25.9 |
| Industry P/E (Metal Mining) | 26.9 |
| vs Sector | 204.1% |
| vs Industry | 192.7% |
| Top Institutional Holder | BlackRock, Inc. ($569.25M) |
| Institutional Holders Tracked | 10 |
| Sector | Materials |
| Industry | Metal Mining |
| CEO | Brian R. Gray |
| Employees | 4,761 |
| Country | US |
| IPO Date | 2023-06-06 |
Data as of 2026-08-24.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.