For fiscal 2025 (ended Dec 31, 2025), KNOT Offshore Partners LP reported $364.44M of revenue and $23.26M of net income.
KNOP revenue was $364.44M for fiscal 2025 (ended Dec 31, 2025), up 14.4% from fiscal 2024. Compound annual growth was +5.5% over 5 years and +8.9% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
KNOP net income was $23.26M for fiscal 2025 (ended Dec 31, 2025), up 65.4% from fiscal 2024. Compound annual growth was -18.6% over 5 years and -5.4% over 10 years.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $364.44M | $318.60M | $290.72M | $268.58M | $281.13M | $279.22M | $282.56M | $279.46M | $219.20M | $173.67M |
| Selling, general and admin | $7.40M | $6.07M | $6.14M | $6.10M | $6.46M | $5.39M | $4.86M | $5.29M | $5.55M | $4.37M |
| Operating income | $84.65M | $72.92M | $25.14M | $66.22M | $73.57M | $123.08M | $127.73M | $128.68M | $95.36M | $82.17M |
| Interest expense | $62.03M | $67.35M | $72.07M | $42.60M | $28.07M | $31.64M | $50.73M | $49.96M | $30.71M | $20.87M |
| Pre-tax income | $24.42M | $14.70M | -$38.92M | $59.54M | $54.36M | $65.23M | $58.97M | $82.16M | $68.05M | $61.09M |
| Income tax | $1.16M | $631.0K | -$4.59M | $875.0K | $488.0K | $10.0K | $9.0K | -$2.0K | -$16.0K | -$15.0K |
| Net income | $23.26M | $14.06M | -$34.33M | $58.67M | $53.88M | $65.22M | $58.96M | $82.17M | $68.06M | $61.10M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $88.98M | $66.93M | $63.92M | $47.58M | $62.29M | $52.58M | $43.52M | $41.71M | $46.10M | $27.66M |
| Receivables | $3.69M | $6.25M | $4.88M | $7.66M | - | - | - | - | $0 | $0 |
| Inventory | $4.29M | $3.30M | $3.70M | $5.76M | $3.31M | $2.65M | $2.29M | $2.44M | $2.24M | $1.18M |
| Current assets | $111.44M | $95.37M | $89.78M | $85.93M | $73.89M | $66.47M | $52.81M | $52.38M | $56.10M | $31.08M |
| Goodwill | - | - | - | - | - | - | - | - | $0 | $0 |
| Total assets | $1.68B | $1.57B | $1.60B | $1.73B | $1.68B | $1.78B | $1.74B | $1.84B | $1.79B | $1.29B |
| Current liabilities | $426.93M | $287.12M | $127.58M | $389.99M | $115.96M | $213.93M | $104.00M | $128.42M | $122.81M | $77.64M |
| Short-term debt | $381.13M | $256.66M | $98.96M | $369.79M | $88.58M | $184.19M | $83.45M | $106.93M | $92.98M | $58.98M |
| Long-term debt | $573.97M | $648.08M | $857.83M | $686.60M | $878.55M | $846.16M | $911.94M | $970.37M | $933.63M | $657.66M |
| Total debt | $955.10M | $904.73M | $956.79M | $1.06B | $967.13M | $1.03B | $995.40M | $1.08B | $1.03B | $716.65M |
| Total liabilities | $1.06B | $961.03M | $989.01M | $1.08B | $1.00B | $1.08B | $1.03B | $1.10B | $1.06B | $770.57M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $155.74M | $137.15M | $131.64M | $100.94M | $166.41M | $169.24M | $165.69M | $148.65M | $154.59M | $108.44M |
| Investing cash flow | -$25.29M | -$338.0K | -$2.78M | -$35.51M | -$11.54M | -$21.43M | - | -$15.49M | -$94.86M | -$13.95M |
| Financing cash flow | -$108.63M | -$133.32M | -$112.51M | -$79.97M | -$145.15M | -$139.26M | -$163.85M | -$137.38M | -$41.38M | -$90.34M |
| Dividends paid | - | - | - | - | - | - | - | - | $68.97M | $60.16M |
| Share repurchases | $3.02M | - | - | - | - | - | - | - | - | - |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 14.4% | 9.6% | 8.2% | -4.5% | 0.7% | -1.2% | 1.1% | 27.5% | 26.2% | 12.0% |
| Net income growth, YoY | 65.4% | - | - | 8.9% | -17.4% | 10.6% | -28.2% | 20.7% | 11.4% | 51.1% |
| Operating margin | 23.2% | 22.9% | 8.6% | 24.7% | 26.2% | 44.1% | 45.2% | 46.0% | 43.5% | 47.3% |
| Net margin | 6.4% | 4.4% | -11.8% | 21.8% | 19.2% | 23.4% | 20.9% | 29.4% | 31.1% | 35.2% |
| Return on assets | 1.4% | 0.9% | -2.2% | 3.4% | 3.2% | 3.7% | 3.4% | 4.5% | 3.8% | 4.7% |
| Current ratio | 0.26 | 0.33 | 0.70 | 0.22 | 0.64 | 0.31 | 0.51 | 0.41 | 0.46 | 0.40 |
| Line item | Apr 15, 2013 |
|---|---|
| Net income | -$3.54M |
| Line item | Apr 15, 2013 |
|---|---|
| Total liabilities | $27.79M |
| Shareholders' equity | $104.54M |
Source: XBRL data KNOT Offshore Partners LP files with the SEC, latest filing dated Apr 17, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| KNOP | $364.44M | +14.4% | $23.26M | 6.4% | $288.5M |
| GD | $56.52B | +9.7% | $4.66B | 8.2% | $95.67B |
| RCL | $19.13B | +9.7% | $4.55B | 23.8% | $87.50B |
| CCL | $27.59B | +5.2% | $3.14B | 11.4% | $39.77B |
| VIK | $6.50B | +21.9% | $1.15B | 17.7% | $39.00B |
| BIP | $23.10B | +9.8% | $2.53B | 11.0% | $18.06B |
| HII | $13.53B | +12.6% | $733.00M | 5.4% | $11.38B |
| FRO | $1.97B | -8.8% | $379.08M | 19.2% | $10.11B |
| NCLH | $10.16B | +4.9% | $832.94M | 8.2% | $8.23B |