KNOT Offshore Partners (KNOP) Gross Margin (2012 - 2026)
KNOT Offshore Partners (KNOP) recorded quarterly Gross Margin of 63.06% in Q1 2026, down 1.22% quarter-over-quarter from 63.84% in Q4 2025, and down 6.0% on a YoY basis from 67.09% in Q1 2025.
KNOT Offshore Partners (KNOP) Gross Margin (2012 - 2026) Analysis & Trends
KNOT Offshore Partners' Gross Margin history runs 15 years deep, the most recent figure standing at 63.06% for Q1 2026.
- In Q1 2026, Gross Margin fell 6.0% year-over-year to 63.06%; the TTM figure through Mar 2026 stood at 63.43% (down 92.0% YoY), while the FY2025 annual figure was 63.77%, down 217.0% from the prior year.
- Gross Margin was 63.06% for Q1 2026 at KNOT Offshore Partners, down from 63.84% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 70.01% in Q4 2022 to a low of 61.08% in Q3 2024.
- Historically, Gross Margin has averaged 65.39% across 5 years, with a median of 64.68% in 2024.
- The sharpest annual moves came in 2022 and 2024: Gross Margin slumped 985 bps in 2022, then surged 430 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 70.01% in 2022, then slipped by 8 bps to 64.66% in 2023, then increased by 7 bps to 68.96% in 2024, then retreated by 7 bps to 63.84% in 2025, then retreated by 1 bps to 63.06% in 2026.
- The last three Gross Margin figures came in at 63.06% (Q1 2026), 63.84% (Q4 2025), and 64.99% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | - |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 63.77% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 23.85% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 83.61% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 41.52% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 26.67% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 98.68% |
| 10 | KNOT Offshore Partners | 2.51 Mn | -88.75 Mn | 56.27 Mn | 63.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 63.06% |
| Dec 31, 2025 | 63.84% |
| Sep 30, 2025 | 64.99% |
| Jun 30, 2025 | 61.59% |
| Mar 31, 2025 | 63.12% |
| Dec 31, 2024 | 68.96% |
| Sep 30, 2024 | 61.08% |
| Jun 30, 2024 | 63.78% |
| Mar 31, 2024 | 64.68% |
| Dec 31, 2023 | 64.66% |
| Sep 30, 2023 | 67.91% |
| Jun 30, 2023 | 65.75% |
| Mar 31, 2023 | 69.11% |
| Dec 31, 2022 | 70.01% |
| Sep 30, 2022 | 65.86% |
| Jun 30, 2022 | 64.00% |
| Mar 31, 2022 | 69.23% |
| Dec 31, 2021 | 74.35% |
| Sep 30, 2021 | 73.48% |
| Jun 30, 2021 | 73.85% |