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Side-by-side financial comparison of KNOT Offshore Partners LP (KNOP) and McEwen Inc. (MUX). 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 $64.6M, roughly 1.3× McEwen Inc.). McEwen Inc. runs the higher net margin — 59.0% vs 7.8%, a 51.2% gap on every dollar of revenue. On growth, McEwen Inc. posted the faster year-over-year revenue change (92.8% vs 17.0%).

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.

McEwen Inc (ticker MUX) is a natural resource company primarily engaged in the exploration, development, and production of gold, silver, and copper assets. Its core operations are located across North and South America, serving global commodity markets with a focus on sustainable, responsible mining practices.

KNOP vs MUX — Head-to-Head

Bigger by revenue
KNOP
KNOP
1.3× larger
KNOP
$87.1M
$64.6M
MUX
Growing faster (revenue YoY)
MUX
MUX
+75.8% gap
MUX
92.8%
17.0%
KNOP
Higher net margin
MUX
MUX
51.2% more per $
MUX
59.0%
7.8%
KNOP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
KNOP
KNOP
MUX
MUX
Revenue
$87.1M
$64.6M
Net Profit
$6.8M
$38.1M
Gross Margin
26.9%
Operating Margin
25.5%
34.2%
Net Margin
7.8%
59.0%
Revenue YoY
17.0%
92.8%
Net Profit YoY
153.0%
563.1%
EPS (diluted)
$0.66

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
KNOP
KNOP
MUX
MUX
Q4 25
$64.6M
Q3 25
$50.5M
Q2 25
$87.1M
$46.7M
Q1 25
$35.7M
Q4 24
$33.5M
Q3 24
$52.3M
Q2 24
$74.4M
$47.5M
Q1 24
$41.2M
Net Profit
KNOP
KNOP
MUX
MUX
Q4 25
$38.1M
Q3 25
$-462.0K
Q2 25
$6.8M
$3.0M
Q1 25
$-6.3M
Q4 24
$-8.2M
Q3 24
$-2.1M
Q2 24
$-12.9M
$-13.0M
Q1 24
$-20.4M
Gross Margin
KNOP
KNOP
MUX
MUX
Q4 25
26.9%
Q3 25
15.5%
Q2 25
26.3%
Q1 25
28.2%
Q4 24
1.1%
Q3 24
26.4%
Q2 24
22.7%
Q1 24
14.6%
Operating Margin
KNOP
KNOP
MUX
MUX
Q4 25
34.2%
Q3 25
-16.7%
Q2 25
25.5%
-7.2%
Q1 25
-21.4%
Q4 24
-43.4%
Q3 24
-0.2%
Q2 24
1.8%
-29.4%
Q1 24
-53.3%
Net Margin
KNOP
KNOP
MUX
MUX
Q4 25
59.0%
Q3 25
-0.9%
Q2 25
7.8%
6.5%
Q1 25
-17.6%
Q4 24
-24.6%
Q3 24
-4.0%
Q2 24
-17.3%
-27.4%
Q1 24
-49.4%
EPS (diluted)
KNOP
KNOP
MUX
MUX
Q4 25
$0.66
Q3 25
$-0.01
Q2 25
$0.06
Q1 25
$-0.12
Q4 24
$-0.15
Q3 24
$-0.04
Q2 24
$-0.26
Q1 24
$-0.41

Balance Sheet & Financial Strength

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

Metric
KNOP
KNOP
MUX
MUX
Cash + ST InvestmentsLiquidity on hand
$66.3M
$72.1M
Total DebtLower is stronger
$914.5M
$126.2M
Stockholders' EquityBook value
$546.2M
Total Assets
$1.6B
$820.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KNOP
KNOP
MUX
MUX
Q4 25
$72.1M
Q3 25
$75.4M
Q2 25
$66.3M
$69.5M
Q1 25
$79.3M
Q4 24
$15.3M
Q3 24
$30.2M
Q2 24
$56.6M
$42.6M
Q1 24
$22.0M
Total Debt
KNOP
KNOP
MUX
MUX
Q4 25
$126.2M
Q3 25
$126.0M
Q2 25
$914.5M
$125.8M
Q1 25
$125.5M
Q4 24
$40.0M
Q3 24
$31.0M
Q2 24
$895.4M
$34.0M
Q1 24
$37.0M
Stockholders' Equity
KNOP
KNOP
MUX
MUX
Q4 25
$546.2M
Q3 25
$488.6M
Q2 25
$484.5M
Q1 25
$479.8M
Q4 24
$495.0M
Q3 24
$502.1M
Q2 24
$485.2M
Q1 24
$482.5M
Total Assets
KNOP
KNOP
MUX
MUX
Q4 25
$820.2M
Q3 25
$747.6M
Q2 25
$1.6B
$735.6M
Q1 25
$730.6M
Q4 24
$664.6M
Q3 24
$667.8M
Q2 24
$1.5B
$645.1M
Q1 24
$638.7M
Debt / Equity
KNOP
KNOP
MUX
MUX
Q4 25
0.23×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.26×
Q4 24
0.08×
Q3 24
0.06×
Q2 24
0.07×
Q1 24
0.08×

Cash Flow & Capital Efficiency

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

Metric
KNOP
KNOP
MUX
MUX
Operating Cash FlowLast quarter
$3.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KNOP
KNOP
MUX
MUX
Q4 25
$3.1M
Q3 25
$5.2M
Q2 25
$478.0K
Q1 25
$-1.9M
Q4 24
$-1.2M
Q3 24
$23.2M
Q2 24
$3.6M
Q1 24
$3.9M
Cash Conversion
KNOP
KNOP
MUX
MUX
Q4 25
0.08×
Q3 25
Q2 25
0.16×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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