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Knife River vs Hecla Mining: KNF and HL compared
Knife River is the larger company: $1.3B of revenue in its latest quarter (Q3 2026) against $395M for Hecla Mining (Q3 2026). Hecla Mining is growing faster (+25% against +6% a year earlier). Hecla Mining is more profitable, with an operating margin of 39.8% against 16.8%.
Where the money goes: KNF and HL
Knife River (KNF) · Q3 2026
Knife River, Q3 2026: revenue $1.3B (+6% year over year), operating margin 16.8%, net earnings $138M, operating cash flow $195M. The chart follows the revenue to costs, profit and cash.
Hecla Mining (HL) · Q3 2026
Hecla Mining, Q3 2026: revenue $395M (+25% year over year), operating margin 39.8%, net earnings $150M, operating cash flow $203M. The chart follows the revenue to costs, profit and cash.
| Knife River (KNF) | Hecla Mining (HL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.3B | $395M |
| Revenue growth, Y/Y | +6% | +25% |
| Gross margin | 22.5% | 50.7% |
| Operating margin | 16.8% | 39.8% |
| Net earnings | $138M | $150M |
| Net margin | 10.8% | 37.9% |
| Operating cash flow | $195M | $203M |
| Free cash flow | $136M | $151M |
| Market value | $3.2B | $10.0B |
| P/E | 23.9× | 26.3× |
| Analysts’ mean target | $69.80 | $21.68 |
Where the revenue comes from
Knife River
- Contracting services: $607M (48%)
- Ready-mix concrete: $270M (21%)
- Aggregates: $250M (20%)
- Liquid asphalt: $147M (12%)
Hecla Mining
- Metal Sales: $372M (94%)
- Environmental Remediation Services: $22.4M (6%)
Questions
Which is bigger, Knife River or Hecla Mining?
Knife River is the larger company: $1.3B of revenue in its latest quarter (Q3 2026) against $395M for Hecla Mining (Q3 2026).
Is Knife River or Hecla Mining growing faster?
Hecla Mining is growing faster (+25% against +6% a year earlier).
Which is more profitable, Knife River or Hecla Mining?
Hecla Mining is more profitable, with an operating margin of 39.8% against 16.8%.
More: Knife River earnings · how Knife River makes money · Hecla Mining earnings · how Hecla Mining makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.