15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 5.5% per year over the past 5 years.
Net income has grown slower than revenue (-18.6% vs 5.5% per year).
Operating margin has contracted, at 23.2% in the latest year.
Financial health
Total debt ($955M) exceeds cash ($89M); net debt is $866M.
Total debt has grown slower than revenue (-1.5% vs 5.5% per year).
Operating income covered interest expense 1.4× in the latest year, down from 3.9× 5 years ago.
Total debt is 11× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$364M
$23M
0.0%
23.2%
—
1.4%
—
$955M
$89M
2024
$319M
$14M
0.0%
22.9%
—
0.9%
—
$905M
$67M
2023
$291M
-$34M
0.0%
8.6%
—
-2.2%
—
$957M
$64M
2022
$269M
$59M
0.0%
24.7%
—
3.4%
—
$1.1B
$48M
2021
$281M
$54M
0.0%
26.2%
—
3.2%
—
$967M
$62M
2020
$279M
$65M
0.0%
44.1%
—
3.7%
—
$1.0B
$53M
2019
$283M
$59M
0.0%
45.2%
—
3.4%
—
$995M
$44M
2018
$279M
$82M
0.0%
46.0%
—
4.5%
—
$1.1B
$42M
2017
$219M
$68M
0.0%
43.5%
—
3.8%
—
$1.0B
$46M
2016
$174M
$61M
0.0%
47.3%
—
4.7%
—
$746M
$28M
2015
$155M
$40M
0.0%
43.9%
—
3.3%
—
$672M
$24M
2014
$113M
-$13M
0.0%
44.6%
—
-1.2%
—
$613M
$31M
2013
$73M
—
0.0%
40.8%
—
0.0%
—
$350M
$29M
2012
$66M
—
0.0%
40.6%
0.0%
0.0%
—
$348M
$1M
2011
$44M
—
0.0%
30.3%
0.0%
—
—
—
$3M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$97M
$3M
0.0%
16.1%
—
0.2%
—
$903M
$95M
Jun '25
$87M
$7M
0.0%
25.5%
—
0.4%
—
$915M
$66M
Jun '24
$74M
-$13M
0.0%
1.8%
—
-0.8%
—
$895M
$57M
Jun '23
$74M
-$40M
0.0%
-42.3%
—
-2.5%
—
$1.0B
$63M
Jun '22
$64M
$10M
0.0%
21.0%
—
0.6%
—
$982M
$88M
Jun '21
$71M
-$11M
0.0%
-1.7%
—
-0.6%
—
$998M
$52M
Jun '20
$70M
$22M
0.0%
47.5%
—
1.3%
—
$954M
$41M
Jun '19
$71M
$8M
0.0%
45.0%
—
0.5%
—
$1.0B
$42M
Jun '18
$70M
$22M
0.0%
46.0%
—
1.2%
—
$1.1B
$45M
Jun '17
$54M
$16M
0.0%
48.0%
—
1.0%
—
$912M
$65M
Dec '16
$45M
$3M
0.0%
48.0%
—
0.2%
—
$746M
$28M
Sep '16
$44M
-$4M
0.0%
48.6%
—
-0.4%
—
$638M
$27M
Jun '16
$43M
$12M
0.0%
47.0%
—
1.0%
—
$652M
$26M
Dec '15
$43M
$3M
0.0%
47.9%
—
0.2%
—
$672M
$24M
Sep '15
$39M
-$6M
0.0%
50.3%
—
—
—
—
$67M
Jun '15
$37M
-$8M
0.0%
29.9%
—
-0.7%
—
$619M
$71M
Jun '14
$22M
-$7M
0.0%
43.2%
—
-0.8%
—
$546M
$34M
Jun '13
$17M
—
0.0%
42.9%
—
—
—
—
$25M
Valuation over time
How the market has priced KNOP against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 3.1× (Mar '23) to 12.9× (Nov '26).
The price-to-sales ratio has risen from 0.7× (Mar '23) to 0.8× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is KNOP growing its revenue and profit?
Over the past 5 years, KNOT Offshore Partners LP's revenue has grown 5.5% per year, and net income declined 18.6% per year. These are computed facts, not advice.
How much debt does KNOP have?
As of FY2025, KNOT Offshore Partners LP reported $955M of total debt against $89M of cash; operating income covered interest expense 1.4×.
What is KNOP's profit margin?
In FY2025, gross margin was —, operating margin 23.2%, and net margin 6.4%.
What is KNOP's P/E ratio?
KNOT Offshore Partners LP's P/E (TTM) is 12.93 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the KNOP stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 12.9× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.