Knowles Corp. (KN) intrinsic value & 10-year financials
Knowles Corp. (KN) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 4.0% a year to $593.2M, with an average return on invested capital of 0.9%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $33.50
- Market cap
- $2.9B
- Revenue (FY2025)
- $593.2M
- Revenue growth (10-yr CAGR)
- -4.0%
- ROIC (10-yr avg)
- 0.9%
- Free cash flow (FY2025)
- —
KN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $593.2M | $44.2M | $0.50 | — | 11.9% | 6.4% |
| FY2024 | $553.5M | -$237.8M | -$2.64 | — | 9.4% | 5.0% |
| FY2023 | $707.6M | $72.4M | $0.79 | — | 7.2% | 4.6% |
| FY2022 | $764.7M | -$430.1M | -$4.69 | — | -54.2% | -33.5% |
| FY2021 | $868.1M | $150.4M | $1.59 | — | 13.3% | 8.2% |
| FY2020 | $764.3M | $6.6M | $0.07 | — | 3.8% | 1.1% |
| FY2019 | $854.8M | $49.1M | $0.53 | — | 9.5% | 4.5% |
| FY2018 | $826.9M | $67.7M | $0.74 | — | 9.4% | 6.2% |
| FY2017 | $744.2M | $68.3M | $0.75 | — | 5.4% | 2.8% |
| FY2016 | $859.3M | -$42.3M | -$0.47 | — | 5.5% | 3.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Knowles Corp is facing top-line stagnation, with revenue contracting over the decade.
Knowles Corp has historically struggled to out-earn its cost of capital, averaging just 0.9% ROIC.
Knowles Corp has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Knowles Corp is modeled at -4.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.60 per share.