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Side-by-side financial comparison of CMB.TECH NV (CMBT) and Knife River Corp (KNF). Click either name above to swap in a different company.

Knife River Corp is the larger business by last-quarter revenue ($755.1M vs $592.8M, roughly 1.3× CMB.TECH NV). CMB.TECH NV runs the higher net margin — 32.3% vs 4.2%, a 28.0% gap on every dollar of revenue. On growth, Knife River Corp posted the faster year-over-year revenue change (14.9% vs -34.6%).

CMB.TECH, before October 2024 known as Euronav, is a crude oil tanker transport company, which consists of VLCCs, Suezmaxes and FSOs.

Columbia River Knife & Tool, Inc. (CRKT) is an American knife company established in 1994, and currently based in Tualatin, Oregon, United States. The company's president and sales executive is Rod Bremer and the finance executive is Peggy Bremer.

CMBT vs KNF — Head-to-Head

Bigger by revenue
KNF
KNF
1.3× larger
KNF
$755.1M
$592.8M
CMBT
Growing faster (revenue YoY)
KNF
KNF
+49.5% gap
KNF
14.9%
-34.6%
CMBT
Higher net margin
CMBT
CMBT
28.0% more per $
CMBT
32.3%
4.2%
KNF

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CMBT
CMBT
KNF
KNF
Revenue
$592.8M
$755.1M
Net Profit
$191.2M
$32.0M
Gross Margin
19.2%
Operating Margin
46.4%
8.6%
Net Margin
32.3%
4.2%
Revenue YoY
-34.6%
14.9%
Net Profit YoY
-63.3%
37.6%
EPS (diluted)
$1.01
$0.56

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
CMBT
CMBT
KNF
KNF
Q4 25
$755.1M
Q3 25
$1.2B
Q2 25
$833.8M
Q1 25
$353.5M
Q4 24
$592.8M
$657.2M
Q3 24
$1.1B
Q2 24
$806.9M
Q1 24
$329.6M
Net Profit
CMBT
CMBT
KNF
KNF
Q4 25
$32.0M
Q3 25
$143.2M
Q2 25
$50.6M
Q1 25
$-68.7M
Q4 24
$191.2M
$23.3M
Q3 24
$148.1M
Q2 24
$77.9M
Q1 24
$-47.6M
Gross Margin
CMBT
CMBT
KNF
KNF
Q4 25
19.2%
Q3 25
23.6%
Q2 25
18.9%
Q1 25
-2.7%
Q4 24
17.4%
Q3 24
24.7%
Q2 24
21.8%
Q1 24
2.0%
Operating Margin
CMBT
CMBT
KNF
KNF
Q4 25
8.6%
Q3 25
17.9%
Q2 25
10.6%
Q1 25
-23.4%
Q4 24
46.4%
6.7%
Q3 24
18.9%
Q2 24
14.5%
Q1 24
-16.3%
Net Margin
CMBT
CMBT
KNF
KNF
Q4 25
4.2%
Q3 25
11.9%
Q2 25
6.1%
Q1 25
-19.4%
Q4 24
32.3%
3.5%
Q3 24
13.4%
Q2 24
9.7%
Q1 24
-14.5%
EPS (diluted)
CMBT
CMBT
KNF
KNF
Q4 25
$0.56
Q3 25
$2.52
Q2 25
$0.89
Q1 25
$-1.21
Q4 24
$1.01
$0.42
Q3 24
$2.60
Q2 24
$1.37
Q1 24
$-0.84

Balance Sheet & Financial Strength

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

Metric
CMBT
CMBT
KNF
KNF
Cash + ST InvestmentsLiquidity on hand
$38.9M
$73.8M
Total DebtLower is stronger
$2.6B
$1.2B
Stockholders' EquityBook value
$1.2B
$1.6B
Total Assets
$3.9B
$3.7B
Debt / EquityLower = less leverage
2.20×
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBT
CMBT
KNF
KNF
Q4 25
$73.8M
Q3 25
$30.7M
Q2 25
$26.6M
Q1 25
$86.1M
Q4 24
$38.9M
$236.8M
Q3 24
$220.4M
Q2 24
$15.5M
Q1 24
$128.4M
Total Debt
CMBT
CMBT
KNF
KNF
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.4B
Q1 25
$1.2B
Q4 24
$2.6B
$677.4M
Q3 24
$678.5M
Q2 24
$679.5M
Q1 24
$680.6M
Stockholders' Equity
CMBT
CMBT
KNF
KNF
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.5B
Q1 25
$1.4B
Q4 24
$1.2B
$1.5B
Q3 24
$1.4B
Q2 24
$1.3B
Q1 24
$1.2B
Total Assets
CMBT
CMBT
KNF
KNF
Q4 25
$3.7B
Q3 25
$3.7B
Q2 25
$3.6B
Q1 25
$3.3B
Q4 24
$3.9B
$2.9B
Q3 24
$2.9B
Q2 24
$2.7B
Q1 24
$2.5B
Debt / Equity
CMBT
CMBT
KNF
KNF
Q4 25
0.71×
Q3 25
0.74×
Q2 25
0.93×
Q1 25
0.83×
Q4 24
2.20×
0.46×
Q3 24
0.47×
Q2 24
0.52×
Q1 24
0.56×

Cash Flow & Capital Efficiency

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

Metric
CMBT
CMBT
KNF
KNF
Operating Cash FlowLast quarter
$204.4M
$195.9M
Free Cash FlowOCF − Capex
$138.2M
FCF MarginFCF / Revenue
18.3%
Capex IntensityCapex / Revenue
7.6%
Cash ConversionOCF / Net Profit
1.07×
6.12×
TTM Free Cash FlowTrailing 4 quarters
$-69.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBT
CMBT
KNF
KNF
Q4 25
$195.9M
Q3 25
$250.4M
Q2 25
$-42.6M
Q1 25
$-125.3M
Q4 24
$204.4M
$172.4M
Q3 24
$239.7M
Q2 24
$-46.6M
Q1 24
$-43.2M
Free Cash Flow
CMBT
CMBT
KNF
KNF
Q4 25
$138.2M
Q3 25
$188.7M
Q2 25
$-196.2M
Q1 25
$-200.2M
Q4 24
$127.2M
Q3 24
$216.1M
Q2 24
$-106.5M
Q1 24
$-86.9M
FCF Margin
CMBT
CMBT
KNF
KNF
Q4 25
18.3%
Q3 25
15.7%
Q2 25
-23.5%
Q1 25
-56.6%
Q4 24
19.3%
Q3 24
19.6%
Q2 24
-13.2%
Q1 24
-26.4%
Capex Intensity
CMBT
CMBT
KNF
KNF
Q4 25
7.6%
Q3 25
5.1%
Q2 25
18.4%
Q1 25
21.2%
Q4 24
6.9%
Q3 24
2.1%
Q2 24
7.4%
Q1 24
13.3%
Cash Conversion
CMBT
CMBT
KNF
KNF
Q4 25
6.12×
Q3 25
1.75×
Q2 25
-0.84×
Q1 25
Q4 24
1.07×
7.41×
Q3 24
1.62×
Q2 24
-0.60×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMBT
CMBT

Segment breakdown not available.

KNF
KNF

Services$347.2M46%
Ready Mix Concrete$88.4M12%
Contracting Services Public Sector$80.2M11%
Aggregates$73.9M10%
Energy Services Segment$56.2M7%
Liquid Asphalt$49.1M7%
Other$43.2M6%
Asphalt$22.7M3%

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