The Filing Desk

Knife River vs United States Lime & Minerals

Knife River KNF · United States Lime & Minerals USLM · Construction Materials

Knife River reported revenue of $3.1 billion in fiscal 2025, 8.4 times United States Lime & Minerals' $373 million in fiscal 2025. Knife River's revenue grew 8.5% in its latest year, and United States Lime & Minerals' grew 17.3%. Knife River had an operating margin of 9.1%, against 42.4% at United States Lime & Minerals. Free cash flow was −$70 million at Knife River and $102 million at United States Lime & Minerals.

Side by side

Knife RiverUnited States Lime & Minerals
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$3.1B$373M
Revenue growth8.5%17.3%
Revenue growth a year, last 5 years—18.3%
Gross margin18.4%48.9%
Operating margin9.1%42.4%
Net margin5.0%36.0%
Free cash flow−$70M$102M
Free cash flow margin−2.2%27.4%
Return on capital9.1%51.7%
Net debt to EBITDA2.3x−2.0x
Dividends and buybacks$0M$10M
Change in diluted share count0.1%0.2%
Last close$52.91$109.65
P/E at the last close21.6×23.5×
Insider trades, last 12 months—bought $2.2 million, sold $2.4 million
Piotroski F-score3 of 95 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Knife RiverUnited States Lime & Minerals
Operating margin
Percent of revenue
Knife RiverUnited States Lime & Minerals
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Knife RiverUnited States Lime & Minerals

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Knife River and United States Lime & Minerals pages.