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Side-by-side financial comparison of Hamilton Insurance Group, Ltd. (HG) 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 $728.3M, roughly 1.0× Hamilton Insurance Group, Ltd.). Hamilton Insurance Group, Ltd. runs the higher net margin — 29.5% vs 4.2%, a 25.2% gap on every dollar of revenue. On growth, Hamilton Insurance Group, Ltd. posted the faster year-over-year revenue change (27.7% vs 14.9%). Over the past eight quarters, Knife River Corp's revenue compounded faster (51.4% CAGR vs 5.2%).

White Mountains Insurance Group is a diversified insurance and related financial services holding company based in Hamilton, Bermuda. Redomiciled from Delaware, United States, on October 25, 1999, the company conducts most of its business through its insurance subsidiaries and other affiliates.

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.

HG vs KNF — Head-to-Head

Bigger by revenue
KNF
KNF
1.0× larger
KNF
$755.1M
$728.3M
HG
Growing faster (revenue YoY)
HG
HG
+12.8% gap
HG
27.7%
14.9%
KNF
Higher net margin
HG
HG
25.2% more per $
HG
29.5%
4.2%
KNF
Faster 2-yr revenue CAGR
KNF
KNF
Annualised
KNF
51.4%
5.2%
HG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HG
HG
KNF
KNF
Revenue
$728.3M
$755.1M
Net Profit
$214.6M
$32.0M
Gross Margin
19.2%
Operating Margin
26.0%
8.6%
Net Margin
29.5%
4.2%
Revenue YoY
27.7%
14.9%
Net Profit YoY
188.3%
37.6%
EPS (diluted)
$1.67
$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
HG
HG
KNF
KNF
Q4 25
$728.3M
$755.1M
Q3 25
$667.6M
$1.2B
Q2 25
$740.8M
$833.8M
Q1 25
$768.8M
$353.5M
Q4 24
$570.5M
$657.2M
Q3 24
$512.8M
$1.1B
Q2 24
$587.9M
$806.9M
Q1 24
$658.6M
$329.6M
Net Profit
HG
HG
KNF
KNF
Q4 25
$214.6M
$32.0M
Q3 25
$176.4M
$143.2M
Q2 25
$267.8M
$50.6M
Q1 25
$181.3M
$-68.7M
Q4 24
$74.4M
$23.3M
Q3 24
$61.0M
$148.1M
Q2 24
$200.4M
$77.9M
Q1 24
$277.3M
$-47.6M
Gross Margin
HG
HG
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
HG
HG
KNF
KNF
Q4 25
26.0%
8.6%
Q3 25
27.0%
17.9%
Q2 25
36.5%
10.6%
Q1 25
24.0%
-23.4%
Q4 24
13.4%
6.7%
Q3 24
12.5%
18.9%
Q2 24
34.5%
14.5%
Q1 24
42.2%
-16.3%
Net Margin
HG
HG
KNF
KNF
Q4 25
29.5%
4.2%
Q3 25
26.4%
11.9%
Q2 25
36.1%
6.1%
Q1 25
23.6%
-19.4%
Q4 24
13.0%
3.5%
Q3 24
11.9%
13.4%
Q2 24
34.1%
9.7%
Q1 24
42.1%
-14.5%
EPS (diluted)
HG
HG
KNF
KNF
Q4 25
$1.67
$0.56
Q3 25
$1.32
$2.52
Q2 25
$1.79
$0.89
Q1 25
$0.77
$-1.21
Q4 24
$0.35
$0.42
Q3 24
$0.74
$2.60
Q2 24
$1.20
$1.37
Q1 24
$1.38
$-0.84

Balance Sheet & Financial Strength

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

Metric
HG
HG
KNF
KNF
Cash + ST InvestmentsLiquidity on hand
$1.1B
$73.8M
Total DebtLower is stronger
$149.7M
$1.2B
Stockholders' EquityBook value
$2.8B
$1.6B
Total Assets
$9.6B
$3.7B
Debt / EquityLower = less leverage
0.05×
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HG
HG
KNF
KNF
Q4 25
$1.1B
$73.8M
Q3 25
$955.1M
$30.7M
Q2 25
$985.6M
$26.6M
Q1 25
$838.5M
$86.1M
Q4 24
$996.5M
$236.8M
Q3 24
$957.4M
$220.4M
Q2 24
$1.0B
$15.5M
Q1 24
$1.1B
$128.4M
Total Debt
HG
HG
KNF
KNF
Q4 25
$149.7M
$1.2B
Q3 25
$149.7M
$1.2B
Q2 25
$149.7M
$1.4B
Q1 25
$150.0M
$1.2B
Q4 24
$149.9M
$677.4M
Q3 24
$149.9M
$678.5M
Q2 24
$149.9M
$679.5M
Q1 24
$149.9M
$680.6M
Stockholders' Equity
HG
HG
KNF
KNF
Q4 25
$2.8B
$1.6B
Q3 25
$2.7B
$1.6B
Q2 25
$2.6B
$1.5B
Q1 25
$2.4B
$1.4B
Q4 24
$2.3B
$1.5B
Q3 24
$2.3B
$1.4B
Q2 24
$2.2B
$1.3B
Q1 24
$2.2B
$1.2B
Total Assets
HG
HG
KNF
KNF
Q4 25
$9.6B
$3.7B
Q3 25
$9.2B
$3.7B
Q2 25
$8.9B
$3.6B
Q1 25
$8.3B
$3.3B
Q4 24
$7.8B
$2.9B
Q3 24
$7.8B
$2.9B
Q2 24
$7.6B
$2.7B
Q1 24
$7.3B
$2.5B
Debt / Equity
HG
HG
KNF
KNF
Q4 25
0.05×
0.71×
Q3 25
0.06×
0.74×
Q2 25
0.06×
0.93×
Q1 25
0.06×
0.83×
Q4 24
0.06×
0.46×
Q3 24
0.06×
0.47×
Q2 24
0.07×
0.52×
Q1 24
0.07×
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
HG
HG
KNF
KNF
Operating Cash FlowLast quarter
$293.4M
$195.9M
Free Cash FlowOCF − Capex
$138.2M
FCF MarginFCF / Revenue
18.3%
Capex IntensityCapex / Revenue
7.6%
Cash ConversionOCF / Net Profit
1.37×
6.12×
TTM Free Cash FlowTrailing 4 quarters
$-69.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HG
HG
KNF
KNF
Q4 25
$293.4M
$195.9M
Q3 25
$295.6M
$250.4M
Q2 25
$218.4M
$-42.6M
Q1 25
$34.9M
$-125.3M
Q4 24
$284.1M
$172.4M
Q3 24
$160.6M
$239.7M
Q2 24
$156.4M
$-46.6M
Q1 24
$158.2M
$-43.2M
Free Cash Flow
HG
HG
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
HG
HG
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
HG
HG
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
HG
HG
KNF
KNF
Q4 25
1.37×
6.12×
Q3 25
1.68×
1.75×
Q2 25
0.82×
-0.84×
Q1 25
0.19×
Q4 24
3.82×
7.41×
Q3 24
2.63×
1.62×
Q2 24
0.78×
-0.60×
Q1 24
0.57×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HG
HG

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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