Knowles Cor (KN) financial statements
Knowles Cor reported revenue of $593M in fiscal 2025, down 2.7% a year over 9 years.
Net income was $44M and the operating margin 11.9%, against 6.0% in 2016.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Knowles Cor's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $756M | $744M | $827M | $855M | $764M | $868M | $479M | $457M | $554M | $593M |
| Cost of revenue | $458M | $453M | $504M | $525M | $491M | $509M | $252M | $252M | $317M | $332M |
| Gross profit | $296M | $286M | $323M | $328M | $271M | $360M | $227M | $204M | $235M | $256M |
| Research and development | $92M | $93M | $101M | $97M | $93M | $93M | $29M | $32M | $40M | $40M |
| Selling, general and admin | $150M | $127M | $142M | $146M | $132M | $146M | $106M | $126M | $142M | $143M |
| Operating income | $45M | $40M | $78M | $81M | $29M | $116M | $91M | $43M | $52M | $70M |
| Interest expense | — | — | — | — | — | — | — | $1M | $8M | $4M |
| Pre-tax income | $28M | $19M | $61M | $66M | $11M | $105M | $88M | $37M | $35M | $64M |
| Income tax | $8M | $13M | -$4M | $17M | $8M | -$46M | $21M | -$28M | $11M | $13M |
| Net income | -$42M | $68M | $68M | $49M | $7M | $150M | -$430M | $72M | -$238M | $44M |
| EPS (diluted) | -$0.47 | $0.75 | $0.74 | $0.53 | $0.07 | $1.59 | -$4.63 | $0.79 | -$2.64 | $0.50 |
| Diluted shares | 89M | 90M | 91M | 93M | 93M | 95M | 93M | 92M | 90M | 88M |
| Gross margin | 39.1% | 38.4% | 39.0% | 38.4% | 35.5% | 41.4% | 47.4% | 44.6% | 42.4% | 43.2% |
| Operating margin | 6.0% | 5.4% | 9.4% | 9.5% | 3.8% | 13.3% | 19.0% | 9.5% | 9.4% | 11.9% |
| Net margin | -5.6% | 9.2% | 8.2% | 5.7% | 0.9% | 17.3% | -89.8% | 15.8% | -43.0% | 7.5% |
Balance sheet
Fiscal years, from Knowles Cor's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $63M | $112M | $74M | $78M | $148M | $69M | $48M | $87M | $130M | $54M |
| Receivables | $126M | $138M | $140M | $160M | $131M | $147M | $135M | $91M | $105M | $103M |
| Inventory | $91M | $126M | $140M | $142M | $130M | $153M | $170M | $127M | $118M | $125M |
| Total current assets | $291M | $395M | $365M | $388M | $420M | $380M | $362M | $429M | $361M | $291M |
| Property, plant and equipment | $173M | $183M | $212M | $206M | $192M | $201M | $162M | $143M | $130M | $140M |
| Goodwill | $872M | $885M | $888M | $910M | $910M | $941M | $201M | $270M | $270M | $270M |
| Total assets | $1.5B | $1.5B | $1.5B | $1.7B | $1.7B | $1.7B | $1.2B | $1.5B | $1.1B | $1.1B |
| Total current liabilities | $132M | $152M | $142M | $152M | $297M | $166M | $99M | $165M | $198M | $106M |
| Long-term debt | $288M | $193M | $158M | $157M | $0 | $70M | $45M | $224M | $134M | $114M |
| Total liabilities | $507M | $418M | $336M | $366M | $351M | $272M | $191M | $429M | $362M | $275M |
| Shareholders' equity | $1.0B | $1.1B | $1.2B | $1.3B | $1.3B | $1.5B | $993M | $1.0B | $756M | $776M |
| Net debt | $235M | $81M | $85M | $78M | $17M | $1M | -$3M | $184M | $72M | $60M |
Cash flow
Fiscal years, from Knowles Cor's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Capital spending | $39M | $52M | $80M | $41M | $32M | $49M | $32M | $17M | $14M | $32M |
| Stock-based compensation | $22M | $25M | $27M | $25M | $17M | $32M | $29M | $29M | $23M | $28M |
| Share buybacks (net) | — | — | $0 | $0 | -$16M | -$44M | -$44M | -$48M | -$54M | -$65M |
| Net borrowing | -$166M | -$118M | $0 | $0 | — | — | — | — | — | — |
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What was Knowles Cor's revenue in 2025?
$593M in fiscal 2025, from its 10-K filing.
From Knowles Cor's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.