Filing Flows

Filing Flows › Knife River (KNF) › Q2 2026 › vs Q2 2025

Knife River (KNF) Q2 2026 vs Q2 2025 (year over year)

Knife River's revenue rose $105M (+13%) from $834M in Q2 2025 to $939M in Q2 2026. The biggest changes: Contracting services +$51.3M (+14%); Construction materials +$38.6M (+8%). Gross margin 17.3% against 18.9% (-1.5 pts).

Knife River, Q2 2026: revenue $939M (+13% year over year), operating margin 8.6%, net earnings $43.9M, operating cash flow −$75.1M. The chart draws each line against Q2 2025, the increases inside each band.

Knife River: what changed, Q2 2026 vs Q2 2025Knife River: what changed, Q2 2026 vs Q2 2025Cost of revenue$99.3MContracting services$51.3MConstruction materials$38.6MCash used in operations$32.5MOperating cash sources$31.6MWorking capital & other$31.6MReady-mix concrete$30.8MContracting services private-…$16.3MOperating expenses$12.5MPre-tax earnings−$8.1M

Margins

Q2 2026Q2 2025Change
Gross margin17.3%18.9%-1.5 pts
Operating margin8.6%10.6%-1.9 pts
Net margin4.7%6.1%-1.4 pts

Every line

LineQ2 2026Q2 2025Change%
Ready-mix concrete$237M$206M$30.8M+15%
Contracting services private-sector$85.9M$69.5M$16.3M+23%
Other$83.8M$79.6M$4.2M+5%
Contracting services$406M$355M$51.3M+14%
Construction materials$532M$494M$38.6M+8%
Revenue$939M$834M$105M+13%
Gross profit$163M$157M$5.5M+4%
Cost of revenue$776M$677M$99.3M+15%
Operating profit$81.1M$88.1M−$7.0M-8%
Operating expenses$81.7M$69.2M$12.5M+18%
Pre-tax earnings$59.8M$67.9M−$8.1M-12%
Other expense, net$21.3M$20.1M$1.1M+6%
Net earnings$43.9M$50.6M−$6.7M-13%
Income tax$16.0M$17.3M−$1.4M-8%
Operating cash sources$178M$146M$31.6M+22%
Depreciation & amortization$56.4M$50.2M$6.2M+12%
Share-based compensation$2.6M$2.9M−$313K-11%
Cash used in operations$75.1M$42.6M$32.5M+76%
Working capital & other$178M$146M$31.6M+22%

Questions

How much did Knife River's revenue grow year over year in Q2 2026?

Knife River's revenue rose $105M (+13%) from $834M in Q2 2025 to $939M in Q2 2026.

What drove Knife River's revenue change in Q2 2026?

Contracting services +$51.3M (+14%); Construction materials +$38.6M (+8%).

Q2 2026 results → · Compare in the interactive Sankey →