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Side-by-side financial comparison of KNOT Offshore Partners LP (KNOP) and RICHARDSON ELECTRONICS, LTD. (RELL). 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 $52.3M, roughly 1.7× RICHARDSON ELECTRONICS, LTD.). KNOT Offshore Partners LP runs the higher net margin — 7.8% vs -0.2%, a 8.1% gap on every dollar of revenue. On growth, KNOT Offshore Partners LP posted the faster year-over-year revenue change (17.0% vs 5.7%).

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.

The James Richardson Corporation, also going by the name James Richardson Group or JR/Group, is an Australian furniture, hospitality, real estate and retail corporation, headquartered in the Abbotsford suburb of Melbourne, Australia. It is privately owned and employs approximately 2,300 people worldwide. It is perhaps best known among consumers for its duty-free retail stores in airports and border crossings in Australasia and the Middle East. The company is a household name in Israel due to ...

KNOP vs RELL — Head-to-Head

Bigger by revenue
KNOP
KNOP
1.7× larger
KNOP
$87.1M
$52.3M
RELL
Growing faster (revenue YoY)
KNOP
KNOP
+11.3% gap
KNOP
17.0%
5.7%
RELL
Higher net margin
KNOP
KNOP
8.1% more per $
KNOP
7.8%
-0.2%
RELL

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
KNOP
KNOP
RELL
RELL
Revenue
$87.1M
$52.3M
Net Profit
$6.8M
$-121.0K
Gross Margin
30.7%
Operating Margin
25.5%
0.3%
Net Margin
7.8%
-0.2%
Revenue YoY
17.0%
5.7%
Net Profit YoY
153.0%
83.9%
EPS (diluted)

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
RELL
RELL
Q4 25
$52.3M
Q3 25
$54.6M
Q2 25
$87.1M
Q1 25
$53.8M
Q4 24
$49.5M
Q3 24
$53.7M
Q2 24
$74.4M
Q1 24
$52.4M
Net Profit
KNOP
KNOP
RELL
RELL
Q4 25
$-121.0K
Q3 25
$1.9M
Q2 25
$6.8M
Q1 25
$-2.1M
Q4 24
$-751.0K
Q3 24
$590.0K
Q2 24
$-12.9M
Q1 24
$750.0K
Gross Margin
KNOP
KNOP
RELL
RELL
Q4 25
30.7%
Q3 25
31.0%
Q2 25
Q1 25
31.0%
Q4 24
31.0%
Q3 24
30.6%
Q2 24
Q1 24
29.5%
Operating Margin
KNOP
KNOP
RELL
RELL
Q4 25
0.3%
Q3 25
1.8%
Q2 25
25.5%
Q1 25
-5.1%
Q4 24
-1.3%
Q3 24
0.6%
Q2 24
1.8%
Q1 24
1.9%
Net Margin
KNOP
KNOP
RELL
RELL
Q4 25
-0.2%
Q3 25
3.5%
Q2 25
7.8%
Q1 25
-3.8%
Q4 24
-1.5%
Q3 24
1.1%
Q2 24
-17.3%
Q1 24
1.4%

Balance Sheet & Financial Strength

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

Metric
KNOP
KNOP
RELL
RELL
Cash + ST InvestmentsLiquidity on hand
$66.3M
$33.1M
Total DebtLower is stronger
$914.5M
Stockholders' EquityBook value
$158.5M
Total Assets
$1.6B
$201.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KNOP
KNOP
RELL
RELL
Q4 25
$33.1M
Q3 25
$35.7M
Q2 25
$66.3M
Q1 25
$36.7M
Q4 24
$26.6M
Q3 24
$23.0M
Q2 24
$56.6M
Q1 24
$18.9M
Total Debt
KNOP
KNOP
RELL
RELL
Q4 25
Q3 25
Q2 25
$914.5M
Q1 25
Q4 24
Q3 24
Q2 24
$895.4M
Q1 24
Stockholders' Equity
KNOP
KNOP
RELL
RELL
Q4 25
$158.5M
Q3 25
$159.4M
Q2 25
Q1 25
$152.9M
Q4 24
$156.2M
Q3 24
$159.1M
Q2 24
Q1 24
$158.6M
Total Assets
KNOP
KNOP
RELL
RELL
Q4 25
$201.8M
Q3 25
$200.1M
Q2 25
$1.6B
Q1 25
$189.8M
Q4 24
$195.2M
Q3 24
$197.9M
Q2 24
$1.5B
Q1 24
$193.6M

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
RELL
RELL
Operating Cash FlowLast quarter
$-99.0K
Free Cash FlowOCF − Capex
$-1.7M
FCF MarginFCF / Revenue
-3.3%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$7.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KNOP
KNOP
RELL
RELL
Q4 25
$-99.0K
Q3 25
$1.4M
Q2 25
Q1 25
$4.6M
Q4 24
$5.5M
Q3 24
$412.0K
Q2 24
Q1 24
$-2.5M
Free Cash Flow
KNOP
KNOP
RELL
RELL
Q4 25
$-1.7M
Q3 25
$342.0K
Q2 25
Q1 25
$4.1M
Q4 24
$4.9M
Q3 24
$-514.0K
Q2 24
Q1 24
$-2.9M
FCF Margin
KNOP
KNOP
RELL
RELL
Q4 25
-3.3%
Q3 25
0.6%
Q2 25
Q1 25
7.5%
Q4 24
10.0%
Q3 24
-1.0%
Q2 24
Q1 24
-5.6%
Capex Intensity
KNOP
KNOP
RELL
RELL
Q4 25
3.1%
Q3 25
1.9%
Q2 25
Q1 25
1.0%
Q4 24
1.0%
Q3 24
1.7%
Q2 24
Q1 24
0.8%
Cash Conversion
KNOP
KNOP
RELL
RELL
Q4 25
Q3 25
0.72×
Q2 25
Q1 25
Q4 24
Q3 24
0.70×
Q2 24
Q1 24
-3.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KNOP
KNOP

Segment breakdown not available.

RELL
RELL

Power And Microwave Technologies Group$35.2M67%
Canvys$8.8M17%
Global Energy Solutions$8.3M16%

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