# KNOT Offshore Partners LP Common Units representing Limited Partner Interests (KNOP) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Marine. Price $11.39, market value $394 million.

## Valuation
- **P/E (trailing): 47.5×**. KNOT Offshore Partners LP Common Units representing Limited Partner Interests trades at 47.5× trailing earnings. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 16.4×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 6.2×**. Enterprise value is 6.2× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 38.8%**. Free cash flow equals 38.8% of the market value. Above 5% is generally attractive.
- **Earnings yield: 2.1%**. The inverse of the P/E: 2.1% of the price is earned each year.

## Profitability
- **Gross margin: 28.0%**. KNOT Offshore Partners LP Common Units representing Limited Partner Interests keeps 28.0% of revenue after the direct cost of what it sells.
- **Operating margin: 25.8%**. 25.8% of revenue is left after running the business, an exceptional level.
- **Net margin: 6.4%**. 6.4% of each dollar of sales reaches the bottom line.
- **Return on assets: 1.1%**. Each dollar of assets produces 1.1% of profit.

## Growth
- **Revenue growth (1 yr): 14.4%** (3-yr 10.7%/yr, 5-yr 5.5%/yr). Revenue grew 14.4% over the last year, against 5.5% a year compounded over five years: growth is accelerating.

## Financial health
- **Net debt / EBITDA: 4.3×**. It would take 4.3 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 1.7×**. Operating profit covers interest 1.7×, thin but manageable.
- **Altman Z-score: 0.60**. A Z-score of 0.60 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.63%** ($0.05 per share, trailing). KNOT Offshore Partners LP Common Units representing Limited Partner Interests yields 2.63%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 45%** (7% of free cash flow). 45% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): -45.1%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: strong_buy** (2 analysts). 2 analysts cover KNOT Offshore Partners LP Common Units representing Limited Partner Interests; the consensus is strong_buy, with an average price target of $14.50 (+27% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 43.3%** (YTD 11.7%, 3-mo 6.9%). The shares are up 43.3% over twelve months including dividends.
- **From 52-week high: -3.3%** (42.4% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 70**. An RSI of 70 is neutral.
- **Beta (1 yr): 0.25** (volatility 34%). Beta of 0.25 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=KNOP · Page: https://foliofundamentals.com/stocks/knop

Not investment advice.