Eagle Materials
EXP · Construction Materials
$174.71
2.3%Knife River
KNF · Construction Materials
$53.12
1.4%The short version
- Knife River is the larger business, with $3.1B of revenue in fiscal 2025 against $2.3B for Eagle Materials.
- Knife River grew revenue faster (8.5%, against 2.1%).
- Eagle Materials turned more of its sales into free cash flow (8.6% FCF margin, against −2.2% FCF margin).
- Eagle Materials earned a higher return on the capital invested in it (16.3%, against 9.1%).
- Investors pay more for each dollar of Knife River’s earnings: a P/E of 21.7x against 13.8x for Eagle Materials.
| Latest fiscal year | EXP · FY26 | KNF · FY25 |
|---|---|---|
| Size | ||
| Market cap | $5.4B | $3.0B |
| Revenue | $2.3B | $3.1B |
| Free cash flow | $197M | −$69.6M |
| Net income | $424M | $157M |
| Growth | ||
| Revenue growth | 2.1% | 8.5% |
| 5-year growth | 7.3% | — |
| Share count change | −4.3% | 0.1% |
| Profitability | ||
| Gross margin | 28.3% | 18.4% |
| Operating margin | — | 9.1% |
| Net margin | 18.4% | 5.0% |
| FCF margin | 8.6% | −2.2% |
| Return on capital | 16.3% | 9.1% |
| Return on equity | 28.9% | 10.1% |
| Balance sheet | ||
| Net debt | $1.5B | $1.1B |
| Net debt / EBITDA | 2.0x | 2.3x |
| Dividends and buybacks | $414M | $0.0M |
| Valuation & quality | ||
| P/E | 13.8x | 21.7x |
| Piotroski F-score | 5 | 3 |
FY17
EXP $1.2B
KNF —
FY18
EXP $1.4B
KNF —
FY19
EXP $1.3B
KNF —
FY20
EXP $1.4B
KNF —
FY21
EXP $1.6B
KNF $2.2B
FY22
EXP $1.9B
KNF $2.5B
FY23
EXP $2.1B
KNF $2.8B
FY24
EXP $2.3B
KNF $2.9B
FY25
EXP $2.3B
KNF $3.1B
FY26
EXP $2.3B
KNF —
EXP
KNF
FY17
EXP 29.3%
KNF —
FY18
EXP 27.6%
KNF —
FY19
EXP 29.5%
KNF —
FY20
EXP 27.4%
KNF —
FY21
EXP 27.5%
KNF 8.6%
FY22
EXP 29.7%
KNF 7.7%
FY23
EXP 31.4%
KNF 10.5%
FY24
EXP 31.7%
KNF 10.9%
FY25
EXP —
KNF 9.1%
FY26
EXP —
KNF —
EXP
KNF
FY17
EXP $275M
KNF —
FY18
EXP $206M
KNF —
FY19
EXP $181M
KNF —
FY20
EXP $267M
KNF —
FY21
EXP $589M
KNF $7.0M
FY22
EXP $443M
KNF $29.3M
FY23
EXP $432M
KNF $211M
FY24
EXP $444M
KNF $150M
FY25
EXP $353M
KNF −$69.6M
FY26
EXP $197M
KNF —
EXP
KNF
FY17
EXP 13.9%
KNF —
FY18
EXP 18.4%
KNF —
FY19
EXP 10.5%
KNF —
FY20
EXP 13.3%
KNF —
FY21
EXP 15.5%
KNF —
FY22
EXP 20.1%
KNF —
FY23
EXP 23.6%
KNF 16.1%
FY24
EXP 23.9%
KNF 12.9%
FY25
EXP 19.6%
KNF 9.1%
FY26
EXP 16.3%
KNF —
EXP
KNF
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.