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Vulcan Materials vs Knife River: VMC and KNF compared
Vulcan Materials is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $1.3B for Knife River (Q3 2026). Knife River is growing faster (+6% against -5% a year earlier). Vulcan Materials is more profitable, with an operating margin of 24.0% against 16.8%.
Where the money goes: VMC and KNF
Vulcan Materials (VMC) · Q3 2026
Vulcan Materials, Q3 2026: revenue $2.2B (-5% year over year), operating margin 24.0%, net earnings $363M, operating cash flow $386M. The chart follows the revenue to costs, profit and cash.
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.
| Vulcan Materials (VMC) | Knife River (KNF) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.2B | $1.3B |
| Revenue growth, Y/Y | -5% | +6% |
| Gross margin | 30.5% | 22.5% |
| Operating margin | 24.0% | 16.8% |
| Net earnings | $363M | $138M |
| Net margin | 16.6% | 10.8% |
| Operating cash flow | $386M | $195M |
| Free cash flow | $209M | $136M |
| Market value | $36.6B | $3.2B |
| P/E | 33.5× | 23.9× |
| Analysts’ mean target | $312.65 | $69.80 |
Where the revenue comes from
Vulcan Materials
- Aggregates: $1.7B (78%)
- Asphalt: $381M (17%)
- Concrete: $92.4M (4%)
Knife River
- Contracting services: $607M (48%)
- Ready-mix concrete: $270M (21%)
- Aggregates: $250M (20%)
- Liquid asphalt: $147M (12%)
Questions
Which is bigger, Vulcan Materials or Knife River?
Vulcan Materials is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $1.3B for Knife River (Q3 2026).
Is Vulcan Materials or Knife River growing faster?
Knife River is growing faster (+6% against -5% a year earlier).
Which is more profitable, Vulcan Materials or Knife River?
Vulcan Materials is more profitable, with an operating margin of 24.0% against 16.8%.
More: Vulcan Materials earnings · how Vulcan Materials makes money · Knife River earnings · how Knife River makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.