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Side-by-side financial comparison of C3.ai, Inc. (AI) and KNOT Offshore Partners LP (KNOP). Click either name above to swap in a different company.

KNOT Offshore Partners LP is the larger business by last-quarter revenue ($87.1M vs $75.1M, roughly 1.2× C3.ai, Inc.). KNOT Offshore Partners LP runs the higher net margin — 7.8% vs -139.3%, a 147.1% gap on every dollar of revenue. On growth, KNOT Offshore Partners LP posted the faster year-over-year revenue change (17.0% vs -20.3%).

C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.

KNOT Offshore Partners LP is a publicly traded master limited partnership focused on owning, operating and chartering purpose-built shuttle tankers. It serves offshore oil and gas production operators across key markets including the North Sea, Brazil and West Africa, supporting marine logistics for offshore energy extraction.

AI vs KNOP — Head-to-Head

Bigger by revenue
KNOP
KNOP
1.2× larger
KNOP
$87.1M
$75.1M
AI
Growing faster (revenue YoY)
KNOP
KNOP
+37.3% gap
KNOP
17.0%
-20.3%
AI
Higher net margin
KNOP
KNOP
147.1% more per $
KNOP
7.8%
-139.3%
AI

Income Statement — Q2 FY2026 vs Q2 FY2025

Metric
AI
AI
KNOP
KNOP
Revenue
$75.1M
$87.1M
Net Profit
$-104.7M
$6.8M
Gross Margin
40.4%
Operating Margin
-149.2%
25.5%
Net Margin
-139.3%
7.8%
Revenue YoY
-20.3%
17.0%
Net Profit YoY
-58.7%
153.0%
EPS (diluted)
$-0.75

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AI
AI
KNOP
KNOP
Q4 25
$75.1M
Q3 25
$70.3M
Q2 25
$108.7M
$87.1M
Q1 25
$98.8M
Q4 24
$94.3M
Q3 24
$87.2M
Q2 24
$86.6M
$74.4M
Q1 24
$78.4M
Net Profit
AI
AI
KNOP
KNOP
Q4 25
$-104.7M
Q3 25
$-116.8M
Q2 25
$-79.7M
$6.8M
Q1 25
$-80.2M
Q4 24
$-66.0M
Q3 24
$-62.8M
Q2 24
$-72.9M
$-12.9M
Q1 24
$-72.6M
Gross Margin
AI
AI
KNOP
KNOP
Q4 25
40.4%
Q3 25
37.6%
Q2 25
62.1%
Q1 25
59.1%
Q4 24
61.3%
Q3 24
59.8%
Q2 24
59.6%
Q1 24
57.8%
Operating Margin
AI
AI
KNOP
KNOP
Q4 25
-149.2%
Q3 25
-177.7%
Q2 25
-81.8%
25.5%
Q1 25
-88.7%
Q4 24
-79.8%
Q3 24
-83.2%
Q2 24
-95.1%
1.8%
Q1 24
-105.3%
Net Margin
AI
AI
KNOP
KNOP
Q4 25
-139.3%
Q3 25
-166.2%
Q2 25
-73.3%
7.8%
Q1 25
-81.2%
Q4 24
-69.9%
Q3 24
-72.0%
Q2 24
-84.2%
-17.3%
Q1 24
-92.6%
EPS (diluted)
AI
AI
KNOP
KNOP
Q4 25
$-0.75
Q3 25
$-0.86
Q2 25
$-0.60
Q1 25
$-0.62
Q4 24
$-0.52
Q3 24
$-0.50
Q2 24
$-0.59
Q1 24
$-0.60

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AI
AI
KNOP
KNOP
Cash + ST InvestmentsLiquidity on hand
$675.0M
$66.3M
Total DebtLower is stronger
$914.5M
Stockholders' EquityBook value
$771.9M
Total Assets
$961.3M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AI
AI
KNOP
KNOP
Q4 25
$675.0M
Q3 25
$711.9M
Q2 25
$742.7M
$66.3M
Q1 25
$724.3M
Q4 24
$730.4M
Q3 24
$762.5M
Q2 24
$750.4M
$56.6M
Q1 24
$723.3M
Total Debt
AI
AI
KNOP
KNOP
Q4 25
Q3 25
Q2 25
$914.5M
Q1 25
Q4 24
Q3 24
Q2 24
$895.4M
Q1 24
Stockholders' Equity
AI
AI
KNOP
KNOP
Q4 25
$771.9M
Q3 25
$798.8M
Q2 25
$838.3M
Q1 25
$860.2M
Q4 24
$859.0M
Q3 24
$874.9M
Q2 24
$873.4M
Q1 24
$898.0M
Total Assets
AI
AI
KNOP
KNOP
Q4 25
$961.3M
Q3 25
$968.7M
Q2 25
$1.0B
$1.6B
Q1 25
$1.1B
Q4 24
$1.0B
Q3 24
$1.1B
Q2 24
$1.0B
$1.5B
Q1 24
$1.1B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AI
AI
KNOP
KNOP
Operating Cash FlowLast quarter
$-46.5M
Free Cash FlowOCF − Capex
$-46.9M
FCF MarginFCF / Revenue
-62.4%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-93.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AI
AI
KNOP
KNOP
Q4 25
$-46.5M
Q3 25
$-33.5M
Q2 25
$11.3M
Q1 25
$-22.0M
Q4 24
$-38.7M
Q3 24
$8.0M
Q2 24
$21.3M
Q1 24
$-39.1M
Free Cash Flow
AI
AI
KNOP
KNOP
Q4 25
$-46.9M
Q3 25
$-34.3M
Q2 25
$10.3M
Q1 25
$-22.4M
Q4 24
$-39.5M
Q3 24
$7.1M
Q2 24
$18.8M
Q1 24
$-45.1M
FCF Margin
AI
AI
KNOP
KNOP
Q4 25
-62.4%
Q3 25
-48.8%
Q2 25
9.5%
Q1 25
-22.7%
Q4 24
-41.9%
Q3 24
8.2%
Q2 24
21.7%
Q1 24
-57.6%
Capex Intensity
AI
AI
KNOP
KNOP
Q4 25
0.5%
Q3 25
1.1%
Q2 25
0.9%
Q1 25
0.4%
Q4 24
0.9%
Q3 24
1.1%
Q2 24
2.9%
Q1 24
7.8%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AI
AI

License And Service$70.2M93%
Professional Services$4.9M7%

KNOP
KNOP

Segment breakdown not available.

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