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Side-by-side financial comparison of KNOT Offshore Partners LP (KNOP) and Star Equity Holdings, Inc. (STRR). 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 $56.8M, roughly 1.5× Star Equity Holdings, Inc.). KNOT Offshore Partners LP runs the higher net margin — 7.8% vs -3.0%, a 10.8% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% 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.

Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.

KNOP vs STRR — Head-to-Head

Bigger by revenue
KNOP
KNOP
1.5× larger
KNOP
$87.1M
$56.8M
STRR
Growing faster (revenue YoY)
STRR
STRR
+52.0% gap
STRR
69.0%
17.0%
KNOP
Higher net margin
KNOP
KNOP
10.8% more per $
KNOP
7.8%
-3.0%
STRR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
KNOP
KNOP
STRR
STRR
Revenue
$87.1M
$56.8M
Net Profit
$6.8M
$-1.7M
Gross Margin
Operating Margin
25.5%
-0.2%
Net Margin
7.8%
-3.0%
Revenue YoY
17.0%
69.0%
Net Profit YoY
153.0%
-192.1%
EPS (diluted)
$-0.49

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
STRR
STRR
Q4 25
$56.8M
Q3 25
$48.0M
Q2 25
$87.1M
$35.5M
Q1 25
$31.9M
Q4 24
$33.6M
Q3 24
$36.9M
Q2 24
$74.4M
$35.7M
Q1 24
$33.9M
Net Profit
KNOP
KNOP
STRR
STRR
Q4 25
$-1.7M
Q3 25
$-1.8M
Q2 25
$6.8M
$-688.0K
Q1 25
$-1.8M
Q4 24
$-585.0K
Q3 24
$-846.0K
Q2 24
$-12.9M
$-441.0K
Q1 24
$-2.9M
Gross Margin
KNOP
KNOP
STRR
STRR
Q4 25
Q3 25
43.0%
Q2 25
Q1 25
Q4 24
Q3 24
50.5%
Q2 24
Q1 24
Operating Margin
KNOP
KNOP
STRR
STRR
Q4 25
-0.2%
Q3 25
-3.4%
Q2 25
25.5%
-0.6%
Q1 25
-5.4%
Q4 24
-0.4%
Q3 24
-1.2%
Q2 24
1.8%
-0.5%
Q1 24
-9.0%
Net Margin
KNOP
KNOP
STRR
STRR
Q4 25
-3.0%
Q3 25
-3.7%
Q2 25
7.8%
-1.9%
Q1 25
-5.5%
Q4 24
-1.7%
Q3 24
-2.3%
Q2 24
-17.3%
-1.2%
Q1 24
-8.6%
EPS (diluted)
KNOP
KNOP
STRR
STRR
Q4 25
$-0.49
Q3 25
$-0.54
Q2 25
$-0.23
Q1 25
$-0.59
Q4 24
$-0.21
Q3 24
$-0.28
Q2 24
$-0.15
Q1 24
$-0.95

Balance Sheet & Financial Strength

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

Metric
KNOP
KNOP
STRR
STRR
Cash + ST InvestmentsLiquidity on hand
$66.3M
$10.3M
Total DebtLower is stronger
$914.5M
Stockholders' EquityBook value
$65.7M
Total Assets
$1.6B
$113.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KNOP
KNOP
STRR
STRR
Q4 25
$10.3M
Q3 25
$15.4M
Q2 25
$66.3M
$16.8M
Q1 25
$16.6M
Q4 24
$17.0M
Q3 24
$15.8M
Q2 24
$56.6M
$14.7M
Q1 24
$20.4M
Total Debt
KNOP
KNOP
STRR
STRR
Q4 25
Q3 25
$6.5M
Q2 25
$914.5M
Q1 25
Q4 24
$0
Q3 24
Q2 24
$895.4M
Q1 24
Stockholders' Equity
KNOP
KNOP
STRR
STRR
Q4 25
$65.7M
Q3 25
$67.8M
Q2 25
$40.1M
Q1 25
$39.5M
Q4 24
$40.4M
Q3 24
$42.9M
Q2 24
$42.6M
Q1 24
$44.3M
Total Assets
KNOP
KNOP
STRR
STRR
Q4 25
$113.2M
Q3 25
$117.1M
Q2 25
$1.6B
$55.6M
Q1 25
$53.2M
Q4 24
$52.6M
Q3 24
$52.6M
Q2 24
$1.5B
$52.6M
Q1 24
$52.6M
Debt / Equity
KNOP
KNOP
STRR
STRR
Q4 25
Q3 25
0.10×
Q2 25
Q1 25
Q4 24
0.00×
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
STRR
STRR
Operating Cash FlowLast quarter
$-7.3M
Free Cash FlowOCF − Capex
$-9.0M
FCF MarginFCF / Revenue
-15.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KNOP
KNOP
STRR
STRR
Q4 25
$-7.3M
Q3 25
$-2.7M
Q2 25
$139.0K
Q1 25
$-802.0K
Q4 24
$-2.8M
Q3 24
$1.3M
Q2 24
$-4.3M
Q1 24
$-1.8M
Free Cash Flow
KNOP
KNOP
STRR
STRR
Q4 25
$-9.0M
Q3 25
$-3.4M
Q2 25
$102.0K
Q1 25
$-808.0K
Q4 24
$-2.8M
Q3 24
$1.3M
Q2 24
$-4.3M
Q1 24
$-1.8M
FCF Margin
KNOP
KNOP
STRR
STRR
Q4 25
-15.8%
Q3 25
-7.0%
Q2 25
0.3%
Q1 25
-2.5%
Q4 24
-8.3%
Q3 24
3.4%
Q2 24
-12.0%
Q1 24
-5.3%
Capex Intensity
KNOP
KNOP
STRR
STRR
Q4 25
3.0%
Q3 25
1.3%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%

Financial Flow Comparison

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

Revenue Breakdown by Segment

KNOP
KNOP

Segment breakdown not available.

STRR
STRR

Revenue From Other Contracts With Customers$27.6M49%
Other$24.3M43%
Energy Services Segment$4.9M9%

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