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Upturn AI Summary - About
Knife River Corporation(KNF)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for KNF
11/09/2026: KNF (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Knife River Corporation is a U.S.-based, aggregates-led construction materials and services company. The firm benefits from a vertically integrated model that links essential aggregate reserves to high-value concrete, asphalt, and paving services. While the company has historically delivered consistent revenue growth, investors focus on its ability to improve operational margins through its 'Competitive EDGE' initiative. Key opportunities lie in federal infrastructure spending and bolt-on acquisitions in fragmented regional markets. Conversely, the company faces significant risks from cyclical construction demand, rising input costs, and competition from better-capitalized peers. KNF is best suited for growth-oriented investors who can tolerate cyclicality and are monitoring execution success.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company is actively scaling its footprint through aggressive, debt-financed acquisitions in high-growth regions. |
| Momentum investor | Mixed fit | The stock can experience periods of volatility; momentum depends heavily on infrastructure spending signals and successful integration of acquisitions. |
| Value investor | Mixed fit | Valuation depends on whether margins improve to justify the current enterprise value against replacement costs. |
| Dividend investor | Weak fit | Knife River does not currently pay a dividend, making it unsuitable for income-focused portfolios. |
| Low-risk investor | Weak fit | The company's reliance on debt-funded acquisitions and construction cycles creates higher-than-average operational and financial risk. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock is susceptible to swings based on infrastructure sentiment and commodity price fluctuations. |
| Valuation risk | Medium | The market's valuation hinges on the success of margin-improvement initiatives versus asset replacement costs. |
| Competition risk (Consolidation) | High | Large competitors like VMC and CRH possess superior pricing power and scale in many of the same markets. |
| Business quality | Medium | As a cyclical construction firm, earnings can be impacted by factors outside of management control, such as weather. |
| Dividend income | Low / none | The company does not provide a dividend, requiring total return from capital gains only. |
| Execution risk | Medium / high | Successful growth depends heavily on the effective integration of regional acquisitions. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit -36.2% | Avg. Invested days 34 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/09/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.20B USD | Price to earnings Ratio 23.8 | 1Y Target Price 69.8 |
Price to earnings Ratio 23.8 | 1Y Target Price 69.8 | ||
Volume (30-day avg) 850.1K shares | Beta 0.53 | 52 Weeks Range 47.79 - 96.28 | Updated Date 11/08/2026 |
52 Weeks Range 47.79 - 96.28 | Updated Date 11/08/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.37 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Aggregates | Mining and sale of sand, gravel, and crushed stone. | The foundation of the business; selling raw rock is high-margin and critical for local infrastructure. |
| Downstream Products | Ready-mix concrete and asphalt manufacturing. | These products add value to raw materials; demand is closely linked to road and commercial construction. |
| Contracting Services | Paving, grading, and site development. | Revenue from executing actual building projects; utilizes the company's own materials. |
| Geography (14 U.S. States) | Concentrated presence in the West, Mountain, and Central U.S. | Operations are regional; performance is tied to local infrastructure budgets in these specific states. |
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 2026-11-03 | When Before Market | Estimate 2.59 | Actual 2.43 |
Profitability
Profit Margin 3.98% | Operating Margin (TTM) 16.91% |
Management Effectiveness
Return on Assets (TTM) 4.39% | Return on Equity (TTM) 8.03% |
Valuation
Trailing PE 23.8 | Forward PE 18.69 | Enterprise Value 4.69B | Price to Sales(TTM) 0.95 |
Enterprise Value 4.69B | Price to Sales(TTM) 0.95 | ||
Enterprise Value to Revenue 1.39 | Enterprise Value to EBITDA 9.51 | Shares Outstanding 56.76M | Shares Floating 56.46M |
Shares Outstanding 56.76M | Shares Floating 56.46M | ||
Percent Insiders 0.43 | Percent Institutions 105.9 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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