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Side-by-side financial comparison of KNOT Offshore Partners LP (KNOP) and VERACYTE, INC. (VCYT). Click either name above to swap in a different company.

VERACYTE, INC. is the larger business by last-quarter revenue ($140.6M vs $87.1M, roughly 1.6× KNOT Offshore Partners LP). VERACYTE, INC. runs the higher net margin — 29.3% vs 7.8%, a 21.4% gap on every dollar of revenue. On growth, VERACYTE, INC. posted the faster year-over-year revenue change (18.5% 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.

Veracyte Inc. is a leading molecular diagnostics company that develops and commercializes proprietary genomic testing solutions for early, accurate detection of cancer and other complex diseases. Its offerings help healthcare providers make better clinical decisions to improve patient outcomes, with core operations in the U.S. and expanding global market presence across key clinical segments.

KNOP vs VCYT — Head-to-Head

Bigger by revenue
VCYT
VCYT
1.6× larger
VCYT
$140.6M
$87.1M
KNOP
Growing faster (revenue YoY)
VCYT
VCYT
+1.6% gap
VCYT
18.5%
17.0%
KNOP
Higher net margin
VCYT
VCYT
21.4% more per $
VCYT
29.3%
7.8%
KNOP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
KNOP
KNOP
VCYT
VCYT
Revenue
$87.1M
$140.6M
Net Profit
$6.8M
$41.1M
Gross Margin
72.5%
Operating Margin
25.5%
26.4%
Net Margin
7.8%
29.3%
Revenue YoY
17.0%
18.5%
Net Profit YoY
153.0%
704.8%
EPS (diluted)
$0.50

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
VCYT
VCYT
Q4 25
$140.6M
Q3 25
$131.9M
Q2 25
$87.1M
$130.2M
Q1 25
$114.5M
Q4 24
$118.6M
Q3 24
$115.9M
Q2 24
$74.4M
$114.4M
Q1 24
$96.8M
Net Profit
KNOP
KNOP
VCYT
VCYT
Q4 25
$41.1M
Q3 25
$19.1M
Q2 25
$6.8M
$-980.0K
Q1 25
$7.0M
Q4 24
$5.1M
Q3 24
$15.2M
Q2 24
$-12.9M
$5.7M
Q1 24
$-1.9M
Gross Margin
KNOP
KNOP
VCYT
VCYT
Q4 25
72.5%
Q3 25
69.2%
Q2 25
69.0%
Q1 25
69.5%
Q4 24
66.4%
Q3 24
68.2%
Q2 24
68.1%
Q1 24
64.5%
Operating Margin
KNOP
KNOP
VCYT
VCYT
Q4 25
26.4%
Q3 25
17.4%
Q2 25
25.5%
-4.0%
Q1 25
2.5%
Q4 24
3.5%
Q3 24
10.4%
Q2 24
1.8%
4.0%
Q1 24
-4.8%
Net Margin
KNOP
KNOP
VCYT
VCYT
Q4 25
29.3%
Q3 25
14.5%
Q2 25
7.8%
-0.8%
Q1 25
6.2%
Q4 24
4.3%
Q3 24
13.1%
Q2 24
-17.3%
5.0%
Q1 24
-1.9%
EPS (diluted)
KNOP
KNOP
VCYT
VCYT
Q4 25
$0.50
Q3 25
$0.24
Q2 25
$-0.01
Q1 25
$0.09
Q4 24
$0.07
Q3 24
$0.19
Q2 24
$0.07
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
KNOP
KNOP
VCYT
VCYT
Cash + ST InvestmentsLiquidity on hand
$66.3M
$362.6M
Total DebtLower is stronger
$914.5M
Stockholders' EquityBook value
$1.3B
Total Assets
$1.6B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KNOP
KNOP
VCYT
VCYT
Q4 25
$362.6M
Q3 25
$315.6M
Q2 25
$66.3M
$219.5M
Q1 25
$186.1M
Q4 24
$239.1M
Q3 24
$274.1M
Q2 24
$56.6M
$235.9M
Q1 24
$209.2M
Total Debt
KNOP
KNOP
VCYT
VCYT
Q4 25
Q3 25
Q2 25
$914.5M
Q1 25
Q4 24
Q3 24
Q2 24
$895.4M
Q1 24
Stockholders' Equity
KNOP
KNOP
VCYT
VCYT
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.1B
Q1 24
$1.1B
Total Assets
KNOP
KNOP
VCYT
VCYT
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.6B
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.5B
$1.2B
Q1 24
$1.2B

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
VCYT
VCYT
Operating Cash FlowLast quarter
$52.6M
Free Cash FlowOCF − Capex
$48.8M
FCF MarginFCF / Revenue
34.7%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
1.28×
TTM Free Cash FlowTrailing 4 quarters
$126.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KNOP
KNOP
VCYT
VCYT
Q4 25
$52.6M
Q3 25
$44.8M
Q2 25
$33.6M
Q1 25
$5.4M
Q4 24
$24.5M
Q3 24
$30.0M
Q2 24
$29.6M
Q1 24
$-9.0M
Free Cash Flow
KNOP
KNOP
VCYT
VCYT
Q4 25
$48.8M
Q3 25
$42.0M
Q2 25
$32.3M
Q1 25
$3.5M
Q4 24
$20.4M
Q3 24
$27.7M
Q2 24
$26.8M
Q1 24
$-11.1M
FCF Margin
KNOP
KNOP
VCYT
VCYT
Q4 25
34.7%
Q3 25
31.8%
Q2 25
24.8%
Q1 25
3.1%
Q4 24
17.2%
Q3 24
23.9%
Q2 24
23.4%
Q1 24
-11.5%
Capex Intensity
KNOP
KNOP
VCYT
VCYT
Q4 25
2.7%
Q3 25
2.1%
Q2 25
1.0%
Q1 25
1.6%
Q4 24
3.5%
Q3 24
1.9%
Q2 24
2.4%
Q1 24
2.2%
Cash Conversion
KNOP
KNOP
VCYT
VCYT
Q4 25
1.28×
Q3 25
2.34×
Q2 25
Q1 25
0.76×
Q4 24
4.80×
Q3 24
1.98×
Q2 24
5.16×
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.

VCYT
VCYT

Testing$135.8M97%
Products$3.8M3%
Biopharmaceutical And Other$686.0K0%

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