vs

Side-by-side financial comparison of GENESIS ENERGY LP (GEL) 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 $440.8M, roughly 1.7× GENESIS ENERGY LP). GENESIS ENERGY LP runs the higher net margin — 4.5% vs 4.2%, a 0.3% gap on every dollar of revenue. On growth, Knife River Corp posted the faster year-over-year revenue change (14.9% vs 10.5%). Knife River Corp produced more free cash flow last quarter ($138.2M vs $87.0M). Over the past eight quarters, Knife River Corp's revenue compounded faster (51.4% CAGR vs 0.7%).

Genesis Energy LP is a U.S.-based midstream energy limited partnership that operates critical infrastructure for crude oil, natural gas, refined petroleum products, and specialty industrial materials. Its core assets include pipelines, storage terminals, marine facilities, and rail logistics hubs, serving refineries, industrial clients, and energy distributors across North America.

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.

GEL vs KNF — Head-to-Head

Bigger by revenue
KNF
KNF
1.7× larger
KNF
$755.1M
$440.8M
GEL
Growing faster (revenue YoY)
KNF
KNF
+4.4% gap
KNF
14.9%
10.5%
GEL
Higher net margin
GEL
GEL
0.3% more per $
GEL
4.5%
4.2%
KNF
More free cash flow
KNF
KNF
$51.2M more FCF
KNF
$138.2M
$87.0M
GEL
Faster 2-yr revenue CAGR
KNF
KNF
Annualised
KNF
51.4%
0.7%
GEL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GEL
GEL
KNF
KNF
Revenue
$440.8M
$755.1M
Net Profit
$19.9M
$32.0M
Gross Margin
19.2%
Operating Margin
20.4%
8.6%
Net Margin
4.5%
4.2%
Revenue YoY
10.5%
14.9%
Net Profit YoY
140.2%
37.6%
EPS (diluted)
$0.04
$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
GEL
GEL
KNF
KNF
Q4 25
$440.8M
$755.1M
Q3 25
$414.0M
$1.2B
Q2 25
$377.3M
$833.8M
Q1 25
$398.3M
$353.5M
Q4 24
$398.9M
$657.2M
Q3 24
$397.3M
$1.1B
Q2 24
$430.2M
$806.9M
Q1 24
$434.4M
$329.6M
Net Profit
GEL
GEL
KNF
KNF
Q4 25
$19.9M
$32.0M
Q3 25
$9.2M
$143.2M
Q2 25
$-406.0K
$50.6M
Q1 25
$-469.1M
$-68.7M
Q4 24
$-49.4M
$23.3M
Q3 24
$-17.2M
$148.1M
Q2 24
$-8.7M
$77.9M
Q1 24
$11.4M
$-47.6M
Gross Margin
GEL
GEL
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
GEL
GEL
KNF
KNF
Q4 25
20.4%
8.6%
Q3 25
19.0%
17.9%
Q2 25
17.9%
10.6%
Q1 25
5.5%
-23.4%
Q4 24
3.4%
6.7%
Q3 24
12.2%
18.9%
Q2 24
11.6%
14.5%
Q1 24
13.4%
-16.3%
Net Margin
GEL
GEL
KNF
KNF
Q4 25
4.5%
4.2%
Q3 25
2.2%
11.9%
Q2 25
-0.1%
6.1%
Q1 25
-117.8%
-19.4%
Q4 24
-12.4%
3.5%
Q3 24
-4.3%
13.4%
Q2 24
-2.0%
9.7%
Q1 24
2.6%
-14.5%
EPS (diluted)
GEL
GEL
KNF
KNF
Q4 25
$0.04
$0.56
Q3 25
$-0.05
$2.52
Q2 25
$-0.12
$0.89
Q1 25
$-4.06
$-1.21
Q4 24
$-0.58
$0.42
Q3 24
$-0.32
$2.60
Q2 24
$-0.25
$1.37
Q1 24
$-0.09
$-0.84

Balance Sheet & Financial Strength

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

Metric
GEL
GEL
KNF
KNF
Cash + ST InvestmentsLiquidity on hand
$6.4M
$73.8M
Total DebtLower is stronger
$3.0B
$1.2B
Stockholders' EquityBook value
$1.6B
Total Assets
$4.9B
$3.7B
Debt / EquityLower = less leverage
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GEL
GEL
KNF
KNF
Q4 25
$6.4M
$73.8M
Q3 25
$4.9M
$30.7M
Q2 25
$4.5M
$26.6M
Q1 25
$377.4M
$86.1M
Q4 24
$7.4M
$236.8M
Q3 24
$13.0M
$220.4M
Q2 24
$13.7M
$15.5M
Q1 24
$7.0M
$128.4M
Total Debt
GEL
GEL
KNF
KNF
Q4 25
$3.0B
$1.2B
Q3 25
$3.1B
$1.2B
Q2 25
$3.1B
$1.4B
Q1 25
$3.4B
$1.2B
Q4 24
$3.7B
$677.4M
Q3 24
$4.0B
$678.5M
Q2 24
$3.9B
$679.5M
Q1 24
$3.8B
$680.6M
Stockholders' Equity
GEL
GEL
KNF
KNF
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.5B
Q1 25
$1.4B
Q4 24
$1.5B
Q3 24
$1.4B
Q2 24
$1.3B
Q1 24
$1.2B
Total Assets
GEL
GEL
KNF
KNF
Q4 25
$4.9B
$3.7B
Q3 25
$4.9B
$3.7B
Q2 25
$4.8B
$3.6B
Q1 25
$5.2B
$3.3B
Q4 24
$7.0B
$2.9B
Q3 24
$7.1B
$2.9B
Q2 24
$7.0B
$2.7B
Q1 24
$6.9B
$2.5B
Debt / Equity
GEL
GEL
KNF
KNF
Q4 25
0.71×
Q3 25
0.74×
Q2 25
0.93×
Q1 25
0.83×
Q4 24
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
GEL
GEL
KNF
KNF
Operating Cash FlowLast quarter
$110.8M
$195.9M
Free Cash FlowOCF − Capex
$87.0M
$138.2M
FCF MarginFCF / Revenue
19.7%
18.3%
Capex IntensityCapex / Revenue
5.4%
7.6%
Cash ConversionOCF / Net Profit
5.58×
6.12×
TTM Free Cash FlowTrailing 4 quarters
$65.9M
$-69.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GEL
GEL
KNF
KNF
Q4 25
$110.8M
$195.9M
Q3 25
$70.3M
$250.4M
Q2 25
$47.0M
$-42.6M
Q1 25
$24.8M
$-125.3M
Q4 24
$74.0M
$172.4M
Q3 24
$87.3M
$239.7M
Q2 24
$104.7M
$-46.6M
Q1 24
$125.9M
$-43.2M
Free Cash Flow
GEL
GEL
KNF
KNF
Q4 25
$87.0M
$138.2M
Q3 25
$43.3M
$188.7M
Q2 25
$-7.6M
$-196.2M
Q1 25
$-56.8M
$-200.2M
Q4 24
$-47.1M
$127.2M
Q3 24
$-32.3M
$216.1M
Q2 24
$-67.5M
$-106.5M
Q1 24
$-48.3M
$-86.9M
FCF Margin
GEL
GEL
KNF
KNF
Q4 25
19.7%
18.3%
Q3 25
10.5%
15.7%
Q2 25
-2.0%
-23.5%
Q1 25
-14.3%
-56.6%
Q4 24
-11.8%
19.3%
Q3 24
-8.1%
19.6%
Q2 24
-15.7%
-13.2%
Q1 24
-11.1%
-26.4%
Capex Intensity
GEL
GEL
KNF
KNF
Q4 25
5.4%
7.6%
Q3 25
6.5%
5.1%
Q2 25
14.5%
18.4%
Q1 25
20.5%
21.2%
Q4 24
30.3%
6.9%
Q3 24
30.1%
2.1%
Q2 24
40.0%
7.4%
Q1 24
40.1%
13.3%
Cash Conversion
GEL
GEL
KNF
KNF
Q4 25
5.58×
6.12×
Q3 25
7.63×
1.75×
Q2 25
-0.84×
Q1 25
Q4 24
7.41×
Q3 24
1.62×
Q2 24
-0.60×
Q1 24
11.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GEL
GEL

Onshore Facilities And Transportation Revenue$204.2M46%
Offshore Pipeline Transportation Revenue$154.3M35%
Marine Transportation Revenue$82.2M19%

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%

Related Comparisons