Knife River annual free cash flow
2021
2022
2023
2024
2025
Knife River Free Cash Flow (FCF) History (KNF)
Knife River reported −$69.6M in free cash flow for fiscal 2025, a decrease of $219.5M from the previous fiscal year, with a free cash flow margin of −2.21%.
View full Knife River company overviewKnife River free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$69.6M | −$219.5M | — | −2.21% |
| 2024 | 2024-12-31 | $149.9M | −$61.5M | −29.11% | +5.17% |
| 2023 | 2023-12-31 | $211.4M | $182.2M | +622.09% | +7.47% |
| 2022 | 2022-12-31 | $29.3M | $22.3M | +317.66% | +1.16% |
| 2021 | 2021-12-31 | $7.0M | — | — | +0.31% |
Knife River quarterly free cash flow
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$147.9M | $48.3M | — | −15.76% |
| Q1 2026 | 2026-03-31 | −$135.9M | $64.4M | — | −33.13% |
| Q4 2025 | 2025-12-31 | $138.2M | $11.0M | +8.66% | +18.30% |
| Q3 2025 | 2025-09-30 | $188.7M | −$27.4M | −12.69% | +15.68% |
| Q2 2025 | 2025-06-30 | −$196.2M | −$89.7M | — | −23.53% |
| Q1 2025 | 2025-03-31 | −$200.2M | −$113.3M | — | −56.65% |
| Q4 2024 | 2024-12-31 | $127.2M | −$17.8M | −12.28% | +19.35% |
| Q3 2024 | 2024-09-30 | $216.1M | $12.7M | +6.24% | +19.55% |
| Q2 2024 | 2024-06-30 | −$106.5M | −$91.2M | — | −13.20% |
| Q1 2024 | 2024-03-31 | −$86.9M | $34.8M | — | −26.37% |
| Q4 2023 | 2023-12-31 | $145.0M | $33.2M | +29.75% | +22.41% |
| Q3 2023 | 2023-09-30 | $203.4M | $57.8M | +39.70% | +18.66% |
| Q2 2023 | 2023-06-30 | −$15.3M | $95.8M | — | −1.94% |
| Q1 2023 | 2023-03-31 | −$121.7M | −$4.7M | — | −39.52% |
| Q4 2022 | 2022-12-31 | $111.7M | — | — | +20.78% |
| Q3 2022 | 2022-09-30 | $145.6M | — | — | +14.93% |
| Q2 2022 | 2022-06-30 | −$111.1M | — | — | −15.61% |
| Q1 2022 | 2022-03-31 | −$117.0M | — | — | −37.73% |
Knife River free cash flow growth trends
Knife River's latest reported quarter, Q2 2026, generated −$147.9M in free cash flow, an increase of $48.3M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Knife River source filings ↗Community posts
Starboard presses Knife River for margin improvements and strategic alternatives
Starboard Value urged Knife River ($KNF) to adopt a plan targeting at least a 22% adjusted EBITDA margin by fiscal 2029 and to evaluate strategic alternatives. The shareholder argues that stronger aggregates pricing and meaningful cost redu ...
