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Side-by-side financial comparison of KNOT Offshore Partners LP (KNOP) and PDF SOLUTIONS INC (PDFS). 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 $62.4M, roughly 1.4× PDF SOLUTIONS INC). KNOT Offshore Partners LP runs the higher net margin — 7.8% vs -0.1%, a 7.9% gap on every dollar of revenue. On growth, PDF SOLUTIONS INC posted the faster year-over-year revenue change (24.6% 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.

PDF Solutions, Inc. is an American multinational software and engineering services company based in Santa Clara, California. The company is listed in the Nasdaq stock exchange under the ticker symbol PDFS.

KNOP vs PDFS — Head-to-Head

Bigger by revenue
KNOP
KNOP
1.4× larger
KNOP
$87.1M
$62.4M
PDFS
Growing faster (revenue YoY)
PDFS
PDFS
+7.6% gap
PDFS
24.6%
17.0%
KNOP
Higher net margin
KNOP
KNOP
7.9% more per $
KNOP
7.8%
-0.1%
PDFS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
KNOP
KNOP
PDFS
PDFS
Revenue
$87.1M
$62.4M
Net Profit
$6.8M
$-48.0K
Gross Margin
72.9%
Operating Margin
25.5%
5.5%
Net Margin
7.8%
-0.1%
Revenue YoY
17.0%
24.6%
Net Profit YoY
153.0%
-108.9%
EPS (diluted)
$0.00

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
PDFS
PDFS
Q4 25
$62.4M
Q3 25
$57.1M
Q2 25
$87.1M
$51.7M
Q1 25
$47.8M
Q4 24
$50.1M
Q3 24
$46.4M
Q2 24
$74.4M
$41.7M
Q1 24
$41.3M
Net Profit
KNOP
KNOP
PDFS
PDFS
Q4 25
$-48.0K
Q3 25
$1.3M
Q2 25
$6.8M
$1.1M
Q1 25
$-3.0M
Q4 24
$539.0K
Q3 24
$2.2M
Q2 24
$-12.9M
$1.7M
Q1 24
$-393.0K
Gross Margin
KNOP
KNOP
PDFS
PDFS
Q4 25
72.9%
Q3 25
72.3%
Q2 25
71.2%
Q1 25
72.9%
Q4 24
68.3%
Q3 24
73.1%
Q2 24
70.6%
Q1 24
67.3%
Operating Margin
KNOP
KNOP
PDFS
PDFS
Q4 25
5.5%
Q3 25
8.5%
Q2 25
25.5%
2.2%
Q1 25
-7.4%
Q4 24
1.0%
Q3 24
4.6%
Q2 24
1.8%
0.6%
Q1 24
-4.7%
Net Margin
KNOP
KNOP
PDFS
PDFS
Q4 25
-0.1%
Q3 25
2.3%
Q2 25
7.8%
2.2%
Q1 25
-6.3%
Q4 24
1.1%
Q3 24
4.8%
Q2 24
-17.3%
4.1%
Q1 24
-1.0%
EPS (diluted)
KNOP
KNOP
PDFS
PDFS
Q4 25
$0.00
Q3 25
$0.03
Q2 25
$0.03
Q1 25
$-0.08
Q4 24
$0.01
Q3 24
$0.06
Q2 24
$0.04
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
KNOP
KNOP
PDFS
PDFS
Cash + ST InvestmentsLiquidity on hand
$66.3M
$42.2M
Total DebtLower is stronger
$914.5M
$67.0M
Stockholders' EquityBook value
$271.0M
Total Assets
$1.6B
$418.7M
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KNOP
KNOP
PDFS
PDFS
Q4 25
$42.2M
Q3 25
$35.9M
Q2 25
$66.3M
$40.4M
Q1 25
$54.1M
Q4 24
$114.9M
Q3 24
$120.2M
Q2 24
$56.6M
$117.9M
Q1 24
$122.9M
Total Debt
KNOP
KNOP
PDFS
PDFS
Q4 25
$67.0M
Q3 25
$67.6M
Q2 25
$914.5M
$68.1M
Q1 25
$68.7M
Q4 24
Q3 24
Q2 24
$895.4M
Q1 24
Stockholders' Equity
KNOP
KNOP
PDFS
PDFS
Q4 25
$271.0M
Q3 25
$264.4M
Q2 25
$257.5M
Q1 25
$249.0M
Q4 24
$246.0M
Q3 24
$240.5M
Q2 24
$232.2M
Q1 24
$225.4M
Total Assets
KNOP
KNOP
PDFS
PDFS
Q4 25
$418.7M
Q3 25
$406.4M
Q2 25
$1.6B
$391.1M
Q1 25
$390.0M
Q4 24
$315.3M
Q3 24
$307.4M
Q2 24
$1.5B
$298.0M
Q1 24
$286.8M
Debt / Equity
KNOP
KNOP
PDFS
PDFS
Q4 25
0.25×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.28×
Q4 24
Q3 24
Q2 24
Q1 24

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
PDFS
PDFS
Operating Cash FlowLast quarter
$17.3M
Free Cash FlowOCF − Capex
$7.5M
FCF MarginFCF / Revenue
12.1%
Capex IntensityCapex / Revenue
15.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KNOP
KNOP
PDFS
PDFS
Q4 25
$17.3M
Q3 25
$3.3M
Q2 25
$-5.2M
Q1 25
$8.6M
Q4 24
$1.6M
Q3 24
$9.3M
Q2 24
$684.0K
Q1 24
$-1.9M
Free Cash Flow
KNOP
KNOP
PDFS
PDFS
Q4 25
$7.5M
Q3 25
$-2.9M
Q2 25
$-13.8M
Q1 25
$535.0K
Q4 24
$-4.0M
Q3 24
$5.1M
Q2 24
$-4.6M
Q1 24
$-3.9M
FCF Margin
KNOP
KNOP
PDFS
PDFS
Q4 25
12.1%
Q3 25
-5.1%
Q2 25
-26.6%
Q1 25
1.1%
Q4 24
-8.0%
Q3 24
11.0%
Q2 24
-11.1%
Q1 24
-9.4%
Capex Intensity
KNOP
KNOP
PDFS
PDFS
Q4 25
15.7%
Q3 25
10.8%
Q2 25
16.5%
Q1 25
17.0%
Q4 24
11.3%
Q3 24
9.0%
Q2 24
12.8%
Q1 24
4.9%
Cash Conversion
KNOP
KNOP
PDFS
PDFS
Q4 25
Q3 25
2.54×
Q2 25
-4.55×
Q1 25
Q4 24
2.98×
Q3 24
4.20×
Q2 24
0.40×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

KNOP
KNOP

Segment breakdown not available.

PDFS
PDFS

Volumebased$38.0M61%
Other$24.4M39%

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