Knife River vs Vulcan Materials
Vulcan Materials reported revenue of $7.9 billion in fiscal 2025, 2.5 times Knife River's $3.1 billion in fiscal 2025. Knife River's revenue grew 8.5% in its latest year, and Vulcan Materials' grew 7.1%. Knife River had an operating margin of 9.1%, against 20.4% at Vulcan Materials. Free cash flow was −$70 million at Knife River and $1.1 billion at Vulcan Materials.
Side by side
| Knife River | Vulcan Materials | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $3.1B | $7.9B |
| Revenue growth | 8.5% | 7.1% |
| Revenue growth a year, last 5 years | — | 10.3% |
| Gross margin | 18.4% | 27.4% |
| Operating margin | 9.1% | 20.4% |
| Net margin | 5.0% | 13.6% |
| Free cash flow | −$70M | $1.1B |
| Free cash flow margin | −2.2% | 14.3% |
| Return on capital | 9.1% | 9.8% |
| Net debt to EBITDA | 2.3x | 1.8x |
| Dividends and buybacks | $0M | $698M |
| Change in diluted share count | 0.1% | −0.3% |
| Last close | $52.91 | $261.48 |
| P/E at the last close | 21.6× | 31.1× |
| Insider trades, last 12 months | — | sold $15.0 million |
| Piotroski F-score | 3 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ 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 RiverVulcan Materials
Operating margin
Percent of revenue
Knife RiverVulcan Materials
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Knife RiverVulcan Materials
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 Vulcan Materials pages.