KNOT Offshore Partners LP

KNOPNYSEIndustrials● Active

$10.75

+$0.02(+0.19%)

Market Cap$361848677

P/E Ratio—

52W High$11.78

52W Low$6.16

Avg Volume117K

Open$10.83

Beta-0.08

Free Cash Flow Financials Revenue

KNOT Offshore Partners LP (KNOP) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

KNOP · free cash flow · updated Jun 8, 2026

Core FCF metrics

KNOP · FCF · TTM · margin & CAGR

Free cash flow was $155.5M for FY2025 (fiscal year ending 2025-12-31), up 14.1% year-over-year The FCF margin was 42.7%. Five-year CAGR stands at -1.6%.

FY2025 Free Cash Flow$155.5M▲ +14.1% YoY

Trailing 12M (TTM)$153.2Mtrailing 4 quarters sum

FCF Margin42.7%$155.5M ÷ revenue

3-Year CAGR+16.8%FY2022 → FY2025

5-Year CAGR-1.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

KNOP · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$155.7M(0M)$155.5M▲ +14.1%42.7%

FY2024$137.1M(1M)$136.2M▲ +5.7%43.6%

FY2023$131.6M(3M)$128.9M▲ +32.0%44.3%

FY2022$100.9M(3M)$97.6M▼ 37.0%36.4%

FY2021$166.4M(12M)$154.9M▼ 8.3%55.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

KNOP · P/FCF · FCF yield · FCF per share

KNOT Offshore Partners LP (KNOP) trades at a FCF yield of 42.14% and a price-to-free-cash-flow ratio of 2.4x. FCF per share stands at $4.52, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

42.14%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$4.52

TTM FCF ÷ Shares Outstanding

Price / FCF

x2.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x7.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

KNOP · cash flow statement · operating / investing / financing

For FY2025, KNOT Offshore Partners LP generated $155.7M in operating cash flow and spent 0M in capital expenditures, yielding $155.5M in free cash flow.

Operating Activities

+$155.7M

Cash from core business operations

2025-12-31

Investing Activities

−$25.3M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$108.6M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($155.7M) − |CapEx| (0M) = FCF ($155.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

KNOP vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

KNOT Offshore Partners LPYOU

KNOP

$155.5M+14.1%42.7%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

KNOT Offshore Partners LP (KNOP) reported free cash flow of $155.5M for FY2025 (fiscal year ending 2025-12-31), up 14.1% year-over-year. The FCF margin was 42.7%.

Based on available data, KNOT Offshore Partners LP has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $168.9M in FY2020. The 5-year CAGR stands at -1.6%.

KNOT Offshore Partners LP's FCF yield is 42.14% and price-to-FCF ratio is 2.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

KNOP free cash flow · 8 questions

KNOT Offshore Partners LP free cash flow was $155.5M for FY2025, up 14.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $153.2M.

KNOP free cash flowKNOP FCFKNOP FCF 2025KNOP free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · KNOT Offshore Partners LP · KNOT Offshore Partners LP SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026