West was Knife River’s largest segment in fiscal 2025, bringing in $1.21B of $3.15B (38%).
| Segment | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| West | — | $1.13B | $1.19B | $1.21B | |
| Central | $1.02B | $824.96M | $818.07M | $1.00B | |
| Mountain | $652.01M | $634.03M | $663.07M | $644.04M | |
| Northwest | $704.42M | — | — | — | |
| Pacific | $499.14M | — | — | — | |
| Energy Services | $252.72M | $292.35M | $275.69M | $338.04M | |
| Other, Corporate Nonsegment | $618.00K | $1.27M | $1.15M | $1.34M | |
| Corporate Services | — | — | — | — | |
| Eliminations & Reconciling Items | — | -$50.54M | -$44.31M | -$52.28M | |
| Consolidation, Eliminations | -$593.88M | — | — | — | |
| Total | $2.53B | $2.83B | $2.90B | $3.15B |
Knife River brought in $3.15B from its six segments in fiscal 2025, the year ended December 31, 2025. That was up 8.5% from $2.90B in fiscal 2024. West was the largest at $1.21B (38.5%), ahead of Central at $1.00B (31.9%) and Mountain at $644.04M (20.5%). The other two segments brought in $339.38M combined.
Compared with fiscal 2024, Central grew fastest, up 22.8% to $1.00B, while Mountain fell the most, down 2.9% to $644.04M.
Knife River began breaking out West in fiscal 2023 and Eliminations & Reconciling Items in fiscal 2023. Knife River stopped reporting Northwest ($704.42M in fiscal 2022) and Pacific ($499.14M in fiscal 2022) as separate segments. The total is net of Eliminations & Reconciling Items, which took $52.28M off revenue in fiscal 2025.
Construction Materials was Knife River’s largest product and service line in fiscal 2025, bringing in $1.76B of $3.15B (56%).
| Product and Service | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Construction Materials | — | $1.52B | $1.54B | $1.76B | |
| Contracting Services PublicSector | $918.03M | $1.00B | $1.12B | $1.12B | |
| Contracting Services | — | — | — | — | |
| Ready-Mix Concrete | $609.51M | — | — | — | |
| Aggregates | $496.66M | — | — | — | |
| Asphalt | $427.47M | — | — | — | |
| Contracting Services PrivateSector | $269.69M | $303.55M | $236.02M | $259.01M | |
| Liquid Asphalt | $207.47M | — | — | — | |
| Other | $199.78M | — | — | — | |
| Internal Sales | -$593.88M | — | — | — | |
| Total | $2.53B | $2.83B | $2.90B | $3.15B |
Knife River brought in $3.15B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 8.5% from $2.90B in fiscal 2024. Construction Materials was the largest at $1.76B (56.0%), ahead of Contracting Services PublicSector at $1.12B (35.8%) and Contracting Services PrivateSector at $259.01M (8.2%).
Compared with fiscal 2024, Construction Materials grew fastest, up 14.4% to $1.76B. Every line above 2% of revenue grew.
Knife River stopped reporting Ready-Mix Concrete ($609.51M in fiscal 2022), Aggregates ($496.66M in fiscal 2022), Asphalt ($427.47M in fiscal 2022) and two others as separate lines.
Knife River (KNF) reports its revenue by segment and by product and service. In fiscal 2025, West was its largest segment, bringing in $1.21B (38.5% of the total), followed by Central at $1.00B (31.9%).
West was Knife River's largest segment in fiscal 2025, bringing in $1.21B, or 38.5% of the $3.15B total across its six segments.
Construction Materials was Knife River's largest product and service line in fiscal 2025, bringing in $1.76B, or 56.0% of the $3.15B total across its three product and service lines.
Among Knife River's segments that make up at least 2% of revenue, Central grew fastest in fiscal 2025, up 22.8% from $818.07M to $1.00B.
Every figure comes from Knife River's annual financial filings, as reported. Each line keeps the name Knife River gives it, and years follow its fiscal calendar.
Knife River's revenue by segment goes back to fiscal 2021, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.