KNOT Offshore Partners (KNOP) Gross Margin (2012 - 2026)
KNOT Offshore Partners' (KNOP) quarterly Gross Margin came in at 63.06% in Q1 2026, down 6.0% year-on-year from 67.09% in Q1 2025, and down 1.22% quarter-over-quarter from 63.84% in Q4 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.
- On a quarterly basis, Gross Margin fell 6.0% year-over-year to 63.06% in Q1 2026; TTM through Mar 2026 was 63.43%, a 92.0% decrease from a year earlier, with the FY2025 full-year figure at 63.77%, down 217.0% from the prior year.
- Gross Margin declined to 63.06% in Q1 2026 per KNOP's latest filing, from 63.84% in the prior quarter.
- Across five years, Gross Margin topped out at 70.01% in Q4 2022 and bottomed at 61.08% in Q3 2024.
- The 5-year median for Gross Margin is 64.68% (2024), against an average of 65.39%.
- Across the five-year window, Gross Margin slumped 985 bps in 2022 and jumped 430 bps in 2024, its largest moves.
- Year by year, Gross Margin 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.
- Per Business Quant, the three latest KNOP Gross Margin figures stand at 63.06% (Q1 2026), 63.84% (Q4 2025), and 64.99% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 89.73% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 76.80% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 68.62% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | - |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 97.17% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 23.85% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 41.52% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 93.41% |
| 10 | KNOT Offshore Partners | 355.09 Mn | 262.43 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% |