Pulling SEC filings + quote and writing the call…

Knife River Corp
Next earnings Aug 3, 2026 · consensus $1.13 EPS, $940M rev
Last earnings -3.5% on 2026-05-05
Aggregates-led infrastructure play riding IIJA funding, but an M&A-driven earnings dip and higher leverage temper a full 31x.
Sources: SEC EDGAR (CIK 0001955520, latest 10-Q filed 2026-05-05) · EODHD · analysis by claude-code · as of 6/21/2026, 8:57:07 PM.
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Middling fundamentals and a rich price (~76% above fair value) leave little margin of safety — a wait-and-see.
Knife River is a vertically integrated, aggregates-based construction-materials and contracting company operating across 14 states, with 1.3 billion tons of aggregate reserves underpinning a durable, location-advantaged business. About 80% of contracting revenue comes from the more cyclically stable public sector, and the demand backdrop is favorable: the 10-K notes ~46% of IIJA formula funding ($1.2 trillion authorized through 2026) is still undistributed in its markets, ten of 14 states have record DOT budgets, and North Dakota's 2026 bid lettings are set to more than double. FY2025 revenue grew 8.5% to $3.15B.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $2.23B | $2.53B | $2.83B | $2.90B | $3.15B |
| Gross profit | $347M | $361M | $539M | $570M | $577M |
| Operating income | $191M | $194M | $296M | $316M | $286M |
| Net income | $130M | $116M | $183M | $202M | $157M |
| Diluted EPS | $2.29 | $2.05 | $3.23 | $3.55 | $2.76 |
| Net margin | 5.8% | 4.6% | 6.5% | 7.0% | 5.0% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1046 tracked peers · median
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
| 2026-05-20 | SANDBROOK WILLIAM J Director | Award | 2.04K | |
| 2026-05-20 | MOSS PATRICIA L Director | Award | 2.04K | |
| 2026-05-20 | Hill Thomas W. Director | Award | 2.04K | |
| 2026-05-20 | Fagg Karen B Director | Award | 2.38K | |
| 2026-05-20 | Chiodo Patricia Director | Award | 2.04K | |
| 2026-05-20 | Carmona-Alvarez German Director | Award | 2.04K | |
| 2026-03-06 | Gray Brian R. President & CEO | Award | 21.0K |
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.