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Side-by-side financial comparison of KNOT Offshore Partners LP (KNOP) and Planet Labs PBC (PL). 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 $81.3M, roughly 1.1× Planet Labs PBC). KNOT Offshore Partners LP runs the higher net margin — 7.8% vs -72.8%, a 80.7% gap on every dollar of revenue. On growth, Planet Labs PBC posted the faster year-over-year revenue change (32.6% 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.

Planet Labs PBC, known as "Planet.", is a publicly traded American Earth imaging company based in San Francisco, California. Their goal is to image the entirety of the Earth daily to monitor changes and pinpoint trends.

KNOP vs PL — Head-to-Head

Bigger by revenue
KNOP
KNOP
1.1× larger
KNOP
$87.1M
$81.3M
PL
Growing faster (revenue YoY)
PL
PL
+15.6% gap
PL
32.6%
17.0%
KNOP
Higher net margin
KNOP
KNOP
80.7% more per $
KNOP
7.8%
-72.8%
PL

Income Statement — Q2 FY2025 vs Q3 FY2026

Metric
KNOP
KNOP
PL
PL
Revenue
$87.1M
$81.3M
Net Profit
$6.8M
$-59.2M
Gross Margin
57.3%
Operating Margin
25.5%
-22.6%
Net Margin
7.8%
-72.8%
Revenue YoY
17.0%
32.6%
Net Profit YoY
153.0%
-194.7%
EPS (diluted)
$-0.19

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
PL
PL
Q4 25
$81.3M
Q3 25
$73.4M
Q2 25
$87.1M
$66.3M
Q1 25
$61.6M
Q4 24
$61.3M
Q3 24
$61.1M
Q2 24
$74.4M
$60.4M
Q1 24
$58.9M
Net Profit
KNOP
KNOP
PL
PL
Q4 25
$-59.2M
Q3 25
$-22.6M
Q2 25
$6.8M
$-12.6M
Q1 25
$-35.2M
Q4 24
$-20.1M
Q3 24
$-38.7M
Q2 24
$-12.9M
$-29.3M
Q1 24
$-30.1M
Gross Margin
KNOP
KNOP
PL
PL
Q4 25
57.3%
Q3 25
57.6%
Q2 25
55.2%
Q1 25
62.1%
Q4 24
61.2%
Q3 24
52.9%
Q2 24
52.4%
Q1 24
55.2%
Operating Margin
KNOP
KNOP
PL
PL
Q4 25
-22.6%
Q3 25
-24.5%
Q2 25
25.5%
-34.4%
Q1 25
-31.5%
Q4 24
-36.9%
Q3 24
-64.8%
Q2 24
1.8%
-57.2%
Q1 24
-57.6%
Net Margin
KNOP
KNOP
PL
PL
Q4 25
-72.8%
Q3 25
-30.8%
Q2 25
7.8%
-19.1%
Q1 25
-57.1%
Q4 24
-32.8%
Q3 24
-63.3%
Q2 24
-17.3%
-48.5%
Q1 24
-51.1%
EPS (diluted)
KNOP
KNOP
PL
PL
Q4 25
$-0.19
Q3 25
$-0.07
Q2 25
$-0.04
Q1 25
$-0.12
Q4 24
$-0.07
Q3 24
$-0.13
Q2 24
$-0.10
Q1 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
KNOP
KNOP
PL
PL
Cash + ST InvestmentsLiquidity on hand
$66.3M
$443.3M
Total DebtLower is stronger
$914.5M
Stockholders' EquityBook value
$349.6M
Total Assets
$1.6B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KNOP
KNOP
PL
PL
Q4 25
$443.3M
Q3 25
$181.1M
Q2 25
$66.3M
$133.5M
Q1 25
$118.0M
Q4 24
$139.0M
Q3 24
$148.3M
Q2 24
$56.6M
$107.4M
Q1 24
$83.9M
Total Debt
KNOP
KNOP
PL
PL
Q4 25
Q3 25
Q2 25
$914.5M
Q1 25
Q4 24
Q3 24
Q2 24
$895.4M
Q1 24
Stockholders' Equity
KNOP
KNOP
PL
PL
Q4 25
$349.6M
Q3 25
$435.7M
Q2 25
$444.8M
Q1 25
$441.3M
Q4 24
$464.6M
Q3 24
$473.2M
Q2 24
$500.3M
Q1 24
$518.0M
Total Assets
KNOP
KNOP
PL
PL
Q4 25
$1.1B
Q3 25
$696.4M
Q2 25
$1.6B
$658.4M
Q1 25
$633.8M
Q4 24
$630.8M
Q3 24
$658.4M
Q2 24
$1.5B
$674.6M
Q1 24
$702.0M

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
PL
PL
Operating Cash FlowLast quarter
$28.6M
Free Cash FlowOCF − Capex
$1.9M
FCF MarginFCF / Revenue
2.3%
Capex IntensityCapex / Revenue
32.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$40.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KNOP
KNOP
PL
PL
Q4 25
$28.6M
Q3 25
$67.8M
Q2 25
$17.3M
Q1 25
$-6.3M
Q4 24
$4.1M
Q3 24
$-7.9M
Q2 24
$-4.3M
Q1 24
$-6.8M
Free Cash Flow
KNOP
KNOP
PL
PL
Q4 25
$1.9M
Q3 25
$47.5M
Q2 25
$9.2M
Q1 25
$-17.9M
Q4 24
$-3.6M
Q3 24
$-23.0M
Q2 24
$-14.2M
Q1 24
$-15.7M
FCF Margin
KNOP
KNOP
PL
PL
Q4 25
2.3%
Q3 25
64.7%
Q2 25
13.9%
Q1 25
-29.1%
Q4 24
-5.8%
Q3 24
-37.6%
Q2 24
-23.6%
Q1 24
-26.7%
Capex Intensity
KNOP
KNOP
PL
PL
Q4 25
32.9%
Q3 25
27.6%
Q2 25
12.3%
Q1 25
18.9%
Q4 24
12.5%
Q3 24
24.8%
Q2 24
16.4%
Q1 24
15.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

KNOP
KNOP

Segment breakdown not available.

PL
PL

Defense And Intelligence$49.4M61%
Civil Government$18.8M23%
Commercial$13.1M16%

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