0001955520-26-000003
SEC filingKnife River Corporation reported total revenue of $3.15 billion for fiscal year 2025, with gross profit of $577.3 million and net income of $157.1 million. The company generated $278.5 million in net cash from operating activities, though net cash used in investing activities was $913.7 million primarily due to $348.0 million in capital expenditures and $610.0 million in acquisitions. The balance sheet shows total assets of $3.65 billion, with total liabilities of $2.01 billion and stockholders' equity of $1.64 billion. Basic and diluted earnings per share were both $3.00. The company ended the year with $281.1 million in cash, cash equivalents and restricted cash, representing a decrease of $157.7 million from the prior year.
Knife River Corporation reported total revenue of $3.15 billion for fiscal year 2025, with total cost of revenue of $2.57 billion resulting in gross profit of $577.3 million. Operating income was $285.9 million after selling, general and administrative expenses of $291.5 million. After interest expense of $81.9 million, other income of $9.3 million, and income taxes of $56.1 million, the company reported net income of $157.1 million. Basic and diluted earnings per share were both $3.00, based on weighted average common shares outstanding of 56.7 million basic and 56.9 million diluted shares.
The provided financial data does not include segment breakdown or geographic mix information. The XBRL data shows total revenue of $3.15 billion but does not provide dimensional data for construction materials versus contracting services segments. No specific growth drivers or segment performance details are disclosed in the available data. The document content repeats the same financial figures without additional narrative about revenue composition or growth factors.
The company achieved a gross margin of 18.3% based on gross profit of $577.3 million on revenue of $3.15 billion. Operating margin was 9.1% based on operating income of $285.9 million. The cost structure shows selling, general and administrative expenses represented 9.3% of revenue at $291.5 million. Interest expense of $81.9 million represented 2.6% of revenue, while income taxes of $56.1 million represented an effective tax rate of 26.3% on income before income taxes of $213.2 million.
Net cash provided by operating activities was $278.5 million, driven by net income of $157.1 million plus adjustments including depreciation, depletion and amortization of $193.7 million. Net cash used in investing activities was $913.7 million, primarily due to capital expenditures of $348.0 million and acquisitions of $610.0 million. Net cash provided by financing activities was $477.5 million, mainly from issuance of long-term debt of $500.0 million. The balance sheet shows total assets of $3.65 billion, including current assets of $960.9 million and noncurrent assets of $2.69 billion. Total liabilities were $2.01 billion, including long-term debt of $1.15 billion. Stockholders' equity was $1.64 billion.
The provided financial data does not include management guidance, strategic priorities, or specific risk factors. The XBRL data and document content contain only historical financial statements without forward-looking statements or outlook information. No management discussion and analysis section is included in the provided content, and therefore no information about future expectations, strategic initiatives, or identified risks can be extracted from the available data.