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Knife River Corporation (KNF)



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Upturn Advisory Summary
08/28/2025: KNF (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $110.78
1 Year Target Price $110.78
7 | Strong Buy |
0 | Buy |
2 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 11.72% | Avg. Invested days 40 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.58B USD | Price to earnings Ratio 29.96 | 1Y Target Price 110.78 |
Price to earnings Ratio 29.96 | 1Y Target Price 110.78 | ||
Volume (30-day avg) 9 | Beta 0.8 | 52 Weeks Range 73.91 - 108.83 | Updated Date 08/29/2025 |
52 Weeks Range 73.91 - 108.83 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.7 |
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 2025-08-05 | When Before Market | Estimate 1.43 | Actual 0.9 |
Profitability
Profit Margin 5.2% | Operating Margin (TTM) 10.76% |
Management Effectiveness
Return on Assets (TTM) 5.48% | Return on Equity (TTM) 11.11% |
Valuation
Trailing PE 29.96 | Forward PE 26.25 | Enterprise Value 5959017306 | Price to Sales(TTM) 1.55 |
Enterprise Value 5959017306 | Price to Sales(TTM) 1.55 | ||
Enterprise Value to Revenue 2.02 | Enterprise Value to EBITDA 13.88 | Shares Outstanding 56664200 | Shares Floating 56279982 |
Shares Outstanding 56664200 | Shares Floating 56279982 | ||
Percent Insiders 0.33 | Percent Institutions 95.41 |
Upturn AI SWOT
Knife River Corporation

Company Overview
History and Background
Knife River Corporation was spun off from MDU Resources Group, Inc. in 2023. The company operates as a construction materials and energy services company, tracing its roots back to infrastructure development activities undertaken by MDU Resources. They are one of the fastest-growing infrastructure materials companies in the United States.
Core Business Areas
- Construction Materials: Produces and sells aggregates (crushed stone, sand, and gravel), asphalt, and ready-mix concrete. This segment contributes to roads, bridges, and building projects.
- Energy Services: Provides contracting services to the energy industry. It entails a diverse range of services, including power delivery, heavy civil construction, and oil and gas.
Leadership and Structure
The company is led by President and CEO, David C. Goodin. It operates with a decentralized structure, with regional divisions responsible for local operations and market conditions.
Top Products and Market Share
Key Offerings
- Aggregates (Crushed Stone, Sand, and Gravel): Aggregates are essential for construction projects, including roads, buildings, and infrastructure. Knife River is a leading producer of aggregates in the regions it operates. This market is highly fragmented with local and regional players. Competitors include Vulcan Materials, Martin Marietta Materials, and Cemex.
- Asphalt: Asphalt is used for paving roads and parking lots. Knife River produces and sells asphalt to contractors and government agencies. The asphalt market is regional and competitive. Competitors include CRH Americas Materials, Oldcastle Materials, and regional asphalt producers.
- Ready-Mix Concrete: Ready-mix concrete is used for building foundations, structures, and other construction applications. Knife River produces and delivers ready-mix concrete to construction sites. The ready-mix concrete market is local and highly competitive. Competitors include Heidelberg Materials North America, US Concrete, and regional ready-mix producers.
Market Dynamics
Industry Overview
The construction materials industry is driven by infrastructure spending, residential and commercial construction, and government projects. The energy services industry is influenced by energy demand, infrastructure investment, and regulatory policies.
Positioning
Knife River is a vertically integrated company, controlling its own raw materials and production processes, giving it a competitive advantage. They are well-positioned to benefit from increasing infrastructure spending and energy development activities.
Total Addressable Market (TAM)
The construction materials market is estimated to be hundreds of billions of dollars annually. Knife River is positioned to capture a significant share of this market through its strategic locations and integrated operations.
Upturn SWOT Analysis
Strengths
- Vertically integrated operations
- Strategic geographic locations
- Strong reputation for quality and service
- Experienced management team
Weaknesses
- Exposure to cyclical construction market
- Dependence on commodity prices
- Environmental regulations
- Integration challenges post-spinoff
Opportunities
- Increased infrastructure spending
- Growing demand for energy services
- Expansion into new markets
- Acquisition opportunities
Threats
- Economic downturn
- Increased competition
- Rising raw material costs
- Changes in government regulations
Competitors and Market Share
Key Competitors
- VMC
- MLM
- CRH
- CEMEX
Competitive Landscape
Knife River's advantages include vertically integrated operations and strong regional presence. Disadvantages include exposure to cyclical markets and dependence on commodity prices.
Growth Trajectory and Initiatives
Historical Growth: Historical growth data is not currently available for Knife River Corporation as a standalone entity.
Future Projections: Future growth projections are based on analyst estimates and company guidance, focusing on infrastructure development and energy service demand.
Recent Initiatives: Recent initiatives include expanding geographic presence, investing in new equipment, and focusing on sustainable practices.
Summary
Knife River Corporation is a newly spun-off entity with a strong foundation in construction materials and energy services. The company's vertically integrated operations and strategic locations provide a competitive edge. Challenges include exposure to cyclical markets and dependence on commodity prices. The company is well-positioned to benefit from increased infrastructure spending and energy development.
Peer Comparison
Sources and Disclaimers
Data Sources:
- MDU Resources Group, Inc. historical reports
- Industry reports
- Analyst estimates
- Company announcements
Disclaimers:
Financial data may be limited due to recent spin-off. Market share data is estimated and may vary. The AI-based rating is generated based on available information and should not be considered financial advice. This analysis is for informational purposes only.
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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