Filing Flows › Knife River (KNF) › Q3 2026 › vs Q2 2026
Knife River (KNF) Q3 2026 vs Q2 2026 (quarter over quarter)
Knife River's revenue rose $337M (+36%) from $939M in Q2 2026 to $1.3B in Q3 2026. Gross margin 22.5% against 17.3% (+5.2 pts).
Knife River, Q3 2026: revenue $1.3B (+6% year over year), operating margin 16.8%, net earnings $138M, operating cash flow $195M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 22.5% | 17.3% | +5.2 pts |
| Operating margin | 16.8% | 8.6% | +8.1 pts |
| Net margin | 10.8% | 4.7% | +6.1 pts |
| Free cash flow margin | 10.7% | -15.8% | +26.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.3B | $939M | $337M | +36% |
| Gross profit | $288M | $163M | $125M | +77% |
| Cost of revenue | $988M | $776M | $212M | +27% |
| Operating profit | $214M | $81.1M | $133M | +164% |
| Operating expenses | $73.5M | $81.7M | −$8.2M | -10% |
| Pre-tax earnings | $189M | $59.8M | $129M | +215% |
| Other expense, net | $25.5M | $21.3M | $4.2M | +20% |
| Net earnings | $138M | $43.9M | $94.0M | +214% |
| Income tax | $50.8M | $16.0M | $34.8M | +218% |
| Depreciation & amortization | $55.6M | $56.4M | −$715K | -1% |
| Share-based compensation | $2.4M | $2.6M | −$124K | -5% |
| Working capital & other | $1.4M | $178M | −$176M | -99% |
| Operating cash flow | $195M | −$75.1M | $270M | — |
| Free cash flow (OCF − capex) | $136M | −$148M | $284M | — |
| Capital expenditures | $58.4M | $72.9M | −$14.5M | -20% |
Questions
How much did Knife River's revenue grow quarter over quarter in Q3 2026?
Knife River's revenue rose $337M (+36%) from $939M in Q2 2026 to $1.3B in Q3 2026. Gross margin 22.5% against 17.3% (+5.2 pts).