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Knife River Corporation (KNF)



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Upturn Advisory Summary
03/27/2025: KNF (3-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 43.93% | Avg. Invested days 66 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.23B USD | Price to earnings Ratio 26.02 | 1Y Target Price 113.39 |
Price to earnings Ratio 26.02 | 1Y Target Price 113.39 | ||
Volume (30-day avg) 494721 | Beta - | 52 Weeks Range 66.13 - 108.83 | Updated Date 04/2/2025 |
52 Weeks Range 66.13 - 108.83 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 3.55 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 6.96% | Operating Margin (TTM) 8.47% |
Management Effectiveness
Return on Assets (TTM) 7.54% | Return on Equity (TTM) 14.71% |
Valuation
Trailing PE 26.02 | Forward PE 22.52 | Enterprise Value 5674379433 | Price to Sales(TTM) 1.8 |
Enterprise Value 5674379433 | Price to Sales(TTM) 1.8 | ||
Enterprise Value to Revenue 1.96 | Enterprise Value to EBITDA 12.25 | Shares Outstanding 56612700 | Shares Floating 56211887 |
Shares Outstanding 56612700 | Shares Floating 56211887 | ||
Percent Insiders 0.65 | Percent Institutions 89.84 |
Analyst Ratings
Rating 4.71 | Target Price 121.5 | Buy - | Strong Buy 6 |
Buy - | Strong Buy 6 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Knife River Corporation
Company Overview
History and Background
Knife River Corporation was founded in 1999 as a spin-off from MDU Resources Group. It has grown through acquisitions and organic expansion to become a major player in the aggregates and construction materials industry.
Core Business Areas
- Aggregates: Produces and sells aggregates like crushed stone, sand, and gravel, used in construction and infrastructure projects.
- Ready-Mix Concrete: Manufactures and supplies ready-mix concrete for various construction applications.
- Asphalt: Produces and supplies asphalt paving materials for road construction and maintenance.
- Construction Services: Provides contracting services for infrastructure projects, including road building, site development, and other construction activities.
Leadership and Structure
Knife River Corporation is led by a management team with experience in the construction materials and infrastructure sectors. The company is structured into regional divisions, each responsible for operations in specific geographic areas.
Top Products and Market Share
Key Offerings
- Crushed Stone: Crushed stone is used extensively in road construction, concrete production, and other construction applications. Market share varies by region, with Knife River being a leading supplier in its operating areas. Competitors include Vulcan Materials (VMC) and Martin Marietta Materials (MLM).
- Ready-Mix Concrete: Ready-mix concrete is a key product for building foundations, pavements, and other structures. Again, market share is regional and competitive. Competitors include CEMEX (CXM) and Heidelberg Materials (HDELY).
- Asphalt Paving: Asphalt paving is essential for road construction and maintenance. Knife River is a major supplier in its operating regions. Competitors include companies with local asphalt production capabilities and national players like CRH (CRH).
Market Dynamics
Industry Overview
The construction materials industry is cyclical and dependent on infrastructure spending, housing construction, and commercial development. Demand is influenced by government funding, economic growth, and weather conditions.
Positioning
Knife River Corporation is a vertically integrated construction materials and services company with a strong regional presence. Its competitive advantages include its extensive reserves of aggregates, its strategically located production facilities, and its established customer relationships.
Total Addressable Market (TAM)
The TAM for construction materials in the US is estimated to be hundreds of billions of dollars annually. Knife River is positioned to capture a significant portion of this market through its diversified product offerings and regional focus.
Upturn SWOT Analysis
Strengths
- Vertically integrated operations
- Extensive aggregate reserves
- Strong regional presence
- Experienced management team
Weaknesses
- Cyclical nature of the industry
- Exposure to weather-related disruptions
- Geographic concentration in certain regions
- Dependence on infrastructure spending
Opportunities
- Increased infrastructure investment
- Expansion into new geographic markets
- Acquisition of complementary businesses
- Development of sustainable construction materials
Threats
- Economic downturns
- Increased competition
- Rising raw material costs
- Changes in government regulations
Competitors and Market Share
Key Competitors
- VMC
- MLM
- CRH
- CXM
Competitive Landscape
Knife River competes with large national players and smaller regional companies. Its advantages include its regional focus, vertical integration, and strong customer relationships. Disadvantages include its geographic concentration and smaller scale compared to some competitors.
Major Acquisitions
Concrete Materials
- Year: 2022
- Acquisition Price (USD millions): 160
- Strategic Rationale: Expanded ready-mix concrete operations in key markets.
Growth Trajectory and Initiatives
Historical Growth: Historical growth requires access to detailed financial reports.
Future Projections: Future projections require access to analyst reports and company guidance.
Recent Initiatives: Recent initiatives require access to company news and press releases.
Summary
Knife River Corporation is a significant player in the aggregates and construction materials industry, with a strong regional presence. Its vertical integration and extensive reserves provide competitive advantages. However, it faces cyclical industry conditions and geographic concentration risks. Growth opportunities exist through infrastructure spending and acquisitions.
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Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Analyst Reports
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Market share figures are estimates and may vary. Financial data requires detailed analysis of company filings.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Knife River Corporation
Exchange NYSE | Headquaters Bismarck, ND, United States | ||
IPO Launch date 2023-06-01 | CEO, President & Director Mr. Brian R. Gray | ||
Sector Basic Materials | Industry Building Materials | Full time employees 4761 | Website https://www.kniferiver.com |
Full time employees 4761 | Website https://www.kniferiver.com |
Knife River Corporation, together with its subsidiaries, provides aggregates-led construction materials and contracting services in the United States. It operates through Pacific, Northwest, Mountain, Central, and Energy Services segments. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete. It also provides contracting service, such as heavy-civil construction, asphalt and concrete paving, and site development and grading. In addition, the company sells cement, merchandise, and other building materials and related services; and produces and supplies liquid asphalt for use in asphalt road construction. The company sells its construction materials to public and private-sector customers comprising federal, state, and municipal governments; industrial, commercial, and residential developers, as well as other private parties; and provides its contracting services to public-sector customers for the development and servicing of highways, local roads, bridges, and other public-infrastructure projects. Knife River Corporation was founded in 1917 and is headquartered in Bismarck, North Dakota.
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