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Side-by-side financial comparison of Knife River Corp (KNF) and Martin Marietta Materials (MLM). Click either name above to swap in a different company.

Martin Marietta Materials is the larger business by last-quarter revenue ($1.1B vs $755.1M, roughly 1.5× Knife River Corp). Martin Marietta Materials runs the higher net margin — 24.5% vs 4.2%, a 20.2% gap on every dollar of revenue. On growth, Knife River Corp posted the faster year-over-year revenue change (14.9% vs -30.1%). Martin Marietta Materials produced more free cash flow last quarter ($424.0M vs $138.2M). Over the past eight quarters, Knife River Corp's revenue compounded faster (51.4% CAGR vs -4.5%).

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.

Martin Marietta Materials, Inc. is an American company and a supplier of aggregates and heavy building materials, with operations spanning 26 states, Canada, and the Caribbean. In particular, Martin Marietta Materials supplies resources for the construction of roads, sidewalks, and foundations.

KNF vs MLM — Head-to-Head

Bigger by revenue
MLM
MLM
1.5× larger
MLM
$1.1B
$755.1M
KNF
Growing faster (revenue YoY)
KNF
KNF
+45.0% gap
KNF
14.9%
-30.1%
MLM
Higher net margin
MLM
MLM
20.2% more per $
MLM
24.5%
4.2%
KNF
More free cash flow
MLM
MLM
$285.8M more FCF
MLM
$424.0M
$138.2M
KNF
Faster 2-yr revenue CAGR
KNF
KNF
Annualised
KNF
51.4%
-4.5%
MLM

Income Statement — Q4 2025 vs Q4 2025

Metric
KNF
KNF
MLM
MLM
Revenue
$755.1M
$1.1B
Net Profit
$32.0M
$279.0M
Gross Margin
19.2%
35.0%
Operating Margin
8.6%
24.6%
Net Margin
4.2%
24.5%
Revenue YoY
14.9%
-30.1%
Net Profit YoY
37.6%
-4.8%
EPS (diluted)
$0.56
$4.59

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
KNF
KNF
MLM
MLM
Q4 25
$755.1M
$1.1B
Q3 25
$1.2B
$1.8B
Q2 25
$833.8M
$1.8B
Q1 25
$353.5M
$1.4B
Q4 24
$657.2M
$1.6B
Q3 24
$1.1B
$1.9B
Q2 24
$806.9M
$1.8B
Q1 24
$329.6M
$1.3B
Net Profit
KNF
KNF
MLM
MLM
Q4 25
$32.0M
$279.0M
Q3 25
$143.2M
$414.0M
Q2 25
$50.6M
$328.0M
Q1 25
$-68.7M
$116.0M
Q4 24
$23.3M
$293.0M
Q3 24
$148.1M
$363.0M
Q2 24
$77.9M
$294.0M
Q1 24
$-47.6M
$1.0B
Gross Margin
KNF
KNF
MLM
MLM
Q4 25
19.2%
35.0%
Q3 25
23.6%
33.1%
Q2 25
18.9%
30.0%
Q1 25
-2.7%
24.8%
Q4 24
17.4%
30.0%
Q3 24
24.7%
31.7%
Q2 24
21.8%
29.3%
Q1 24
2.0%
21.7%
Operating Margin
KNF
KNF
MLM
MLM
Q4 25
8.6%
24.6%
Q3 25
17.9%
27.4%
Q2 25
10.6%
25.3%
Q1 25
-23.4%
14.3%
Q4 24
6.7%
24.4%
Q3 24
18.9%
25.9%
Q2 24
14.5%
22.6%
Q1 24
-16.3%
Net Margin
KNF
KNF
MLM
MLM
Q4 25
4.2%
24.5%
Q3 25
11.9%
22.4%
Q2 25
6.1%
18.1%
Q1 25
-19.4%
8.6%
Q4 24
3.5%
18.0%
Q3 24
13.4%
19.2%
Q2 24
9.7%
16.7%
Q1 24
-14.5%
83.5%
EPS (diluted)
KNF
KNF
MLM
MLM
Q4 25
$0.56
$4.59
Q3 25
$2.52
$6.85
Q2 25
$0.89
$5.43
Q1 25
$-1.21
$1.90
Q4 24
$0.42
$4.87
Q3 24
$2.60
$5.91
Q2 24
$1.37
$4.76
Q1 24
$-0.84
$16.87

Balance Sheet & Financial Strength

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

Metric
KNF
KNF
MLM
MLM
Cash + ST InvestmentsLiquidity on hand
$73.8M
$67.0M
Total DebtLower is stronger
$1.2B
$5.3B
Stockholders' EquityBook value
$1.6B
$10.0B
Total Assets
$3.7B
$18.7B
Debt / EquityLower = less leverage
0.71×
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KNF
KNF
MLM
MLM
Q4 25
$73.8M
$67.0M
Q3 25
$30.7M
$57.0M
Q2 25
$26.6M
$225.0M
Q1 25
$86.1M
$101.0M
Q4 24
$236.8M
$670.0M
Q3 24
$220.4M
$52.0M
Q2 24
$15.5M
$109.0M
Q1 24
$128.4M
$2.6B
Total Debt
KNF
KNF
MLM
MLM
Q4 25
$1.2B
$5.3B
Q3 25
$1.2B
$5.5B
Q2 25
$1.4B
$5.4B
Q1 25
$1.2B
$5.4B
Q4 24
$677.4M
$5.4B
Q3 24
$678.5M
$4.0B
Q2 24
$679.5M
$4.3B
Q1 24
$680.6M
$4.3B
Stockholders' Equity
KNF
KNF
MLM
MLM
Q4 25
$1.6B
$10.0B
Q3 25
$1.6B
$9.7B
Q2 25
$1.5B
$9.4B
Q1 25
$1.4B
$9.1B
Q4 24
$1.5B
$9.5B
Q3 24
$1.4B
$9.2B
Q2 24
$1.3B
$8.8B
Q1 24
$1.2B
$8.9B
Total Assets
KNF
KNF
MLM
MLM
Q4 25
$3.7B
$18.7B
Q3 25
$3.7B
$18.7B
Q2 25
$3.6B
$18.1B
Q1 25
$3.3B
$17.7B
Q4 24
$2.9B
$18.2B
Q3 24
$2.9B
$16.5B
Q2 24
$2.7B
$16.3B
Q1 24
$2.5B
$16.2B
Debt / Equity
KNF
KNF
MLM
MLM
Q4 25
0.71×
0.53×
Q3 25
0.74×
0.57×
Q2 25
0.93×
0.58×
Q1 25
0.83×
0.60×
Q4 24
0.46×
0.57×
Q3 24
0.47×
0.44×
Q2 24
0.52×
0.49×
Q1 24
0.56×
0.49×

Cash Flow & Capital Efficiency

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

Metric
KNF
KNF
MLM
MLM
Operating Cash FlowLast quarter
$195.9M
$629.0M
Free Cash FlowOCF − Capex
$138.2M
$424.0M
FCF MarginFCF / Revenue
18.3%
37.2%
Capex IntensityCapex / Revenue
7.6%
18.0%
Cash ConversionOCF / Net Profit
6.12×
2.25×
TTM Free Cash FlowTrailing 4 quarters
$-69.6M
$978.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KNF
KNF
MLM
MLM
Q4 25
$195.9M
$629.0M
Q3 25
$250.4M
$551.0M
Q2 25
$-42.6M
$387.0M
Q1 25
$-125.3M
$218.0M
Q4 24
$172.4M
$686.0M
Q3 24
$239.7M
$600.0M
Q2 24
$-46.6M
$1.0M
Q1 24
$-43.2M
$172.0M
Free Cash Flow
KNF
KNF
MLM
MLM
Q4 25
$138.2M
$424.0M
Q3 25
$188.7M
$361.0M
Q2 25
$-196.2M
$208.0M
Q1 25
$-200.2M
$-15.0M
Q4 24
$127.2M
$453.0M
Q3 24
$216.1M
$317.0M
Q2 24
$-106.5M
$-138.0M
Q1 24
$-86.9M
$-28.0M
FCF Margin
KNF
KNF
MLM
MLM
Q4 25
18.3%
37.2%
Q3 25
15.7%
19.6%
Q2 25
-23.5%
11.5%
Q1 25
-56.6%
-1.1%
Q4 24
19.3%
27.8%
Q3 24
19.6%
16.8%
Q2 24
-13.2%
-7.8%
Q1 24
-26.4%
-2.2%
Capex Intensity
KNF
KNF
MLM
MLM
Q4 25
7.6%
18.0%
Q3 25
5.1%
10.3%
Q2 25
18.4%
9.9%
Q1 25
21.2%
17.2%
Q4 24
6.9%
14.3%
Q3 24
2.1%
15.0%
Q2 24
7.4%
7.9%
Q1 24
13.3%
16.0%
Cash Conversion
KNF
KNF
MLM
MLM
Q4 25
6.12×
2.25×
Q3 25
1.75×
1.33×
Q2 25
-0.84×
1.18×
Q1 25
1.88×
Q4 24
7.41×
2.34×
Q3 24
1.62×
1.65×
Q2 24
-0.60×
0.00×
Q1 24
0.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

MLM
MLM

Building Materials Business East Group$774.0M68%
Building Materials Business West Group$233.0M20%
Services$88.0M8%
Other$45.0M4%

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