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Knife River vs Vulcan Materials: revenue, profit, margins and growth compared

Knife River brought in $3.1B of revenue in fiscal 2025, Vulcan Materials $7.9B in fiscal 2025. Revenue changed by +8.5% at Knife River and +7.1% at Vulcan Materials on the year before, so Knife River grew faster. Knife River kept 5.0% of its revenue as net profit, Vulcan Materials 13.6%. Free cash flow was -$69.6M at Knife River and $1.1B at Vulcan Materials.

Side by side, latest fiscal year

KNFVMC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.1B$7.9B
Revenue growth+8.5%+7.1%
Net income$157.1M$1.1B
Net margin5.0%13.6%
Free cash flow-$69.6M$1.1B
Free cash flow margin-2.2%14.3%
Earnings per share (diluted)$2.76$8.11
Cash$73.8M$183.3M
Debt$1.2B$4.4B
Price to earnings19.830.2
Market value$3.1B$31.7B
Dividend yieldn/a0.80%
Rank by revenue in sector#178 of 451 · Industrials#80 of 451 · Industrials

Over the years

Revenue
KNF FY2021: $2.2BKNF FY2023: $2.5BKNF FY2023: $2.8BKNF FY2024: $2.9BKNF FY2025: $3.1BVMC FY2018: $4.4BVMC FY2019: $4.9BVMC FY2020: $4.9BVMC FY2021: $5.6BVMC FY2022: $7.3BVMC FY2023: $7.8BVMC FY2024: $7.4BVMC FY2025: $7.9BFY18FY19FY20FY21FY22FY23FY24FY25
KNF $3.1BVMC $7.9B
Net income
KNF FY2021: $129.8MKNF FY2023: $116.2MKNF FY2023: $182.9MKNF FY2024: $201.7MKNF FY2025: $157.1MVMC FY2018: $515.8MVMC FY2019: $617.7MVMC FY2020: $584.5MVMC FY2021: $670.8MVMC FY2022: $575.6MVMC FY2023: $933.2MVMC FY2024: $911.9MVMC FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
KNF $157.1MVMC $1.1B
Net margin
KNF FY2021: 5.8%KNF FY2023: 4.6%KNF FY2023: 6.5%KNF FY2024: 7.0%KNF FY2025: 5.0%VMC FY2018: 11.8%VMC FY2019: 12.5%VMC FY2020: 12.0%VMC FY2021: 12.1%VMC FY2022: 7.9%VMC FY2023: 12.0%VMC FY2024: 12.3%VMC FY2025: 13.6%FY18FY19FY20FY21FY22FY23FY24FY25
KNF 5.0%VMC 13.6%
Revenue growth
KNF FY2023: +13.7%KNF FY2023: +11.7%KNF FY2024: +2.4%KNF FY2025: +8.5%VMC FY2019: +12.5%VMC FY2020: -1.5%VMC FY2021: +14.3%VMC FY2022: +31.8%VMC FY2023: +6.4%VMC FY2024: -4.7%VMC FY2025: +7.1%FY19FY20FY21FY22FY23FY24FY25
KNF +8.5%VMC +7.1%
Free cash flow
KNF FY2021: $7MKNF FY2023: $29.3MKNF FY2023: $211.4MKNF FY2024: $149.9MKNF FY2025: -$69.6MVMC FY2018: $363.7MVMC FY2019: $600MVMC FY2020: $708.2MVMC FY2021: $560.6MVMC FY2022: $535.6MVMC FY2023: $664.2MVMC FY2024: $806.1MVMC FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
KNF -$69.6MVMC $1.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Knife River and Vulcan Materials

Which is bigger by revenue, Knife River or Vulcan Materials?

Vulcan Materials is bigger by revenue: $7.9B in fiscal 2025, against $3.1B for Knife River in fiscal 2025.

Which keeps more of its revenue as profit, Knife River or Vulcan Materials?

Knife River had a net margin of 5.0% in fiscal 2025; Vulcan Materials had 13.6% in fiscal 2025.

Which grew revenue faster, Knife River or Vulcan Materials?

In their latest fiscal years revenue changed by +8.5% at Knife River and +7.1% at Vulcan Materials.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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