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

WOLFSPEED, INC. is the larger business by last-quarter revenue ($168.5M vs $87.1M, roughly 1.9× KNOT Offshore Partners LP). KNOT Offshore Partners LP runs the higher net margin — 7.8% vs -89.4%, a 97.2% gap on every dollar of revenue. On growth, KNOT Offshore Partners LP posted the faster year-over-year revenue change (17.0% vs -6.6%).

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.

Wolfspeed, Inc. is an American developer and manufacturer of wide-bandgap semiconductors, focused on silicon carbide materials and devices for power applications such as transportation, power supplies, power inverters, and wireless systems. The company was formerly named Cree, Inc.

KNOP vs WOLF — Head-to-Head

Bigger by revenue
WOLF
WOLF
1.9× larger
WOLF
$168.5M
$87.1M
KNOP
Growing faster (revenue YoY)
KNOP
KNOP
+23.6% gap
KNOP
17.0%
-6.6%
WOLF
Higher net margin
KNOP
KNOP
97.2% more per $
KNOP
7.8%
-89.4%
WOLF

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
KNOP
KNOP
WOLF
WOLF
Revenue
$87.1M
$168.5M
Net Profit
$6.8M
$-150.6M
Gross Margin
-46.5%
Operating Margin
25.5%
-94.0%
Net Margin
7.8%
-89.4%
Revenue YoY
17.0%
-6.6%
Net Profit YoY
153.0%
59.5%
EPS (diluted)
$-5.78

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
WOLF
WOLF
Q4 25
$168.5M
Q3 25
$196.8M
Q2 25
$87.1M
$197.0M
Q1 25
$185.4M
Q4 24
$180.5M
Q3 24
$194.7M
Q2 24
$74.4M
$200.7M
Q1 24
$200.7M
Net Profit
KNOP
KNOP
WOLF
WOLF
Q4 25
$-150.6M
Q3 25
$-643.6M
Q2 25
$6.8M
$-669.3M
Q1 25
$-285.5M
Q4 24
$-372.2M
Q3 24
$-282.2M
Q2 24
$-12.9M
$-174.9M
Q1 24
$-148.9M
Gross Margin
KNOP
KNOP
WOLF
WOLF
Q4 25
-46.5%
Q3 25
-39.2%
Q2 25
-13.0%
Q1 25
-12.1%
Q4 24
-20.6%
Q3 24
-18.6%
Q2 24
1.2%
Q1 24
11.2%
Operating Margin
KNOP
KNOP
WOLF
WOLF
Q4 25
-94.0%
Q3 25
-82.0%
Q2 25
25.5%
-295.2%
Q1 25
-104.9%
Q4 24
-178.9%
Q3 24
-118.2%
Q2 24
1.8%
-72.7%
Q1 24
-53.0%
Net Margin
KNOP
KNOP
WOLF
WOLF
Q4 25
-89.4%
Q3 25
-327.0%
Q2 25
7.8%
-339.7%
Q1 25
-154.0%
Q4 24
-206.2%
Q3 24
-144.9%
Q2 24
-17.3%
-87.1%
Q1 24
-74.2%
EPS (diluted)
KNOP
KNOP
WOLF
WOLF
Q4 25
$-5.78
Q3 25
$-4.12
Q2 25
$-4.42
Q1 25
$-1.86
Q4 24
$-2.88
Q3 24
$-2.23
Q2 24
$-1.39
Q1 24
$-1.18

Balance Sheet & Financial Strength

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

Metric
KNOP
KNOP
WOLF
WOLF
Cash + ST InvestmentsLiquidity on hand
$66.3M
$1.3B
Total DebtLower is stronger
$914.5M
$2.0B
Stockholders' EquityBook value
$627.4M
Total Assets
$1.6B
$3.4B
Debt / EquityLower = less leverage
3.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KNOP
KNOP
WOLF
WOLF
Q4 25
$1.3B
Q3 25
$926.0M
Q2 25
$66.3M
$955.4M
Q1 25
$1.3B
Q4 24
$1.4B
Q3 24
$1.7B
Q2 24
$56.6M
$2.2B
Q1 24
$2.6B
Total Debt
KNOP
KNOP
WOLF
WOLF
Q4 25
$2.0B
Q3 25
$0
Q2 25
$914.5M
$6.5B
Q1 25
$6.5B
Q4 24
$6.4B
Q3 24
$6.2B
Q2 24
$895.4M
$6.2B
Q1 24
Stockholders' Equity
KNOP
KNOP
WOLF
WOLF
Q4 25
$627.4M
Q3 25
$-1.1B
Q2 25
$-447.1M
Q1 25
$212.7M
Q4 24
$372.6M
Q3 24
$628.9M
Q2 24
$882.1M
Q1 24
$1.0B
Total Assets
KNOP
KNOP
WOLF
WOLF
Q4 25
$3.4B
Q3 25
$6.6B
Q2 25
$1.6B
$6.9B
Q1 25
$7.6B
Q4 24
$7.7B
Q3 24
$7.9B
Q2 24
$1.5B
$8.0B
Q1 24
$7.7B
Debt / Equity
KNOP
KNOP
WOLF
WOLF
Q4 25
3.13×
Q3 25
Q2 25
Q1 25
30.61×
Q4 24
17.24×
Q3 24
9.81×
Q2 24
6.98×
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
WOLF
WOLF
Operating Cash FlowLast quarter
$-42.6M
Free Cash FlowOCF − Capex
$-72.6M
FCF MarginFCF / Revenue
-43.1%
Capex IntensityCapex / Revenue
17.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-988.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KNOP
KNOP
WOLF
WOLF
Q4 25
$-42.6M
Q3 25
$5.7M
Q2 25
$-242.5M
Q1 25
$-142.1M
Q4 24
$-195.1M
Q3 24
$-132.0M
Q2 24
$-239.5M
Q1 24
$-136.2M
Free Cash Flow
KNOP
KNOP
WOLF
WOLF
Q4 25
$-72.6M
Q3 25
$-98.3M
Q2 25
$-454.4M
Q1 25
$-362.8M
Q4 24
$-596.9M
Q3 24
$-569.0M
Q2 24
$-883.8M
Q1 24
$-713.7M
FCF Margin
KNOP
KNOP
WOLF
WOLF
Q4 25
-43.1%
Q3 25
-49.9%
Q2 25
-230.7%
Q1 25
-195.7%
Q4 24
-330.7%
Q3 24
-292.2%
Q2 24
-440.4%
Q1 24
-355.6%
Capex Intensity
KNOP
KNOP
WOLF
WOLF
Q4 25
17.8%
Q3 25
52.8%
Q2 25
107.6%
Q1 25
119.0%
Q4 24
222.6%
Q3 24
224.4%
Q2 24
321.0%
Q1 24
287.7%

Financial Flow Comparison

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

Revenue Breakdown by Segment

KNOP
KNOP

Segment breakdown not available.

WOLF
WOLF

Power Products$118.3M70%
Materials Products$50.2M30%

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