Knot Offshore Partners LP (KNOP) intrinsic value & 10-year financials
Knot Offshore Partners LP (KNOP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 8.6% a year to $364.4M.
- Graham intrinsic value
- —
- Revenue (FY2025)
- $364.4M
- Revenue growth (10-yr CAGR)
- 8.6%
- Free cash flow (FY2025)
- —
KNOP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $364.4M | $23.3M | — | — | 23.2% | — |
| FY2024 | $318.6M | $14.1M | — | — | 22.9% | — |
| FY2023 | $290.7M | -$34.3M | — | — | 8.6% | — |
| FY2022 | $268.6M | $58.7M | — | — | 24.7% | — |
| FY2021 | $269.3M | $53.9M | — | — | 27.3% | — |
| FY2020 | $278.6M | $65.2M | — | — | 44.2% | — |
| FY2019 | $282.5M | $59.0M | — | — | 45.2% | — |
| FY2018 | $278.2M | $82.2M | — | — | 46.3% | — |
| FY2017 | $212.5M | $62.8M | — | — | 44.9% | — |
| FY2016 | $172.9M | -$426.0K | — | — | 47.5% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
KNOT Offshore Partners LP is a consistent compounder, expanding top-line revenue at 8.6% annually over the past decade.
KNOT Offshore Partners LP 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
KNOT Offshore Partners LP 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, KNOT Offshore Partners LP is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment.