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KN

Knowles Corporation

KN

Knowles Corporation • NYSE
$22.48 ▲ 0.13% (+0.03)
Market Cap $1.91 B
52w High $24.54
52w Low $12.19
Dividend Yield 0%
P/E 56.2
Volume 337.91K
Outstanding Shares 85.17M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $152.9M ▲ $40M ▼ $17.4M ▲ 11.38% ▲ $0.203 ▲ $33.6M ▲
Q2-2025 $145.9M ▲ $41.8M ▼ $7.8M ▲ 5.346% ▲ $0.09 ▲ $22.9M ▲
Q1-2025 $132.2M ▼ $42.9M ▲ $-400K ▼ -0.303% ▼ $-0.005 ▼ $12.5M ▼
Q4-2024 $142.5M $41.3M ▲ $14.5M ▲ 10.175% ▲ $0.21 ▲ $26.6M ▲
Q3-2024 $142.5M $39.9M $2.8M 1.965% $0.006 $25.3M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $92.5M ▼ $1.088B ▼ $336.4M ▼ $751.8M ▲
Q2-2025 $103.2M ▲ $1.088B ▼ $342.2M ▲ $746.1M ▼
Q1-2025 $101.9M ▼ $1.097B ▼ $341.3M ▼ $755.8M ▼
Q4-2024 $130.1M ▲ $1.118B ▼ $362.2M ▼ $756M ▼
Q3-2024 $92.6M $1.171B $393.9M $777.4M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $18M ▲ $29.1M ▼ $-7.7M ▼ $-32.1M ▼ $-10.7M ▼ $21.4M ▼
Q2-2025 $7.8M ▲ $36.4M ▲ $-5.1M ▼ $-30.3M ▼ $1.3M ▲ $31.3M ▲
Q1-2025 $-400K ▼ $1.3M ▼ $-3.5M ▼ $-26.2M ▲ $-28.2M ▼ $-2.7M ▼
Q4-2024 $10.4M ▲ $35.1M ▼ $48.3M ▲ $-44.8M ▼ $37.5M ▲ $31.8M ▼
Q3-2024 $9.2M $52.8M $-3.7M $-41.2M $8.6M $49.1M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
MedTech Specialty Audio
MedTech Specialty Audio
 $70.00M ▲$60.00M ▼$70.00M ▲$60.00M ▼
Precision Devices
Precision Devices
 $70.00M ▲$70.00M ▲$80.00M ▲$90.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been choppy over the past five years, peaking a few years ago, then dropping, and more recently starting to recover but still not back to earlier highs. Profitability at the operating level has generally stayed positive, with reasonable margins given the hardware nature of the business. However, bottom-line earnings have been very volatile, swinging from profits to sizable losses. That pattern suggests that one-off items, restructuring, acquisitions, or other non-core factors are having a strong impact on reported net income and earnings per share. In simple terms: the core business looks modestly profitable, but reported earnings are noisy and not yet consistently reliable.

Balance Sheet

Balance Sheet The balance sheet shows a company with a solid asset base but some recent pressure. Total assets swelled and then declined, likely reflecting portfolio reshaping and acquisition activity. Cash on hand is modest but has not disappeared, while debt is present but not extreme for an industrial tech company. Equity has trended down from earlier levels, pointing to the impact of losses, possible write-downs, or capital returns to shareholders. Overall, leverage does not appear excessive, but the cushion of equity is thinner than a few years ago, making future capital allocation and profitability more important to watch.

Cash Flow

Cash Flow Cash generation is a relative bright spot. The company has consistently produced positive operating cash flow and, after modest investment spending, positive free cash flow in every year shown. Capital expenditures are kept at a restrained level, which supports free cash flow but may limit how fast capacity or new manufacturing capabilities can expand. The key takeaway is that cash flows are more stable and healthier than the ups and downs in reported net income might suggest, indicating that the underlying operations are still generating real cash even in weaker earnings years.

Competitive Edge

Competitive Edge Knowles operates in specialized niches within communication equipment and industrial technology rather than in mass-market consumer devices. Its strengths are rooted in deep expertise in tiny, high-performance acoustic components, advanced capacitors, and RF filters. A large patent portfolio, complex manufacturing know-how, and long qualification cycles in medical, defense, and industrial markets create meaningful barriers to entry. The shift away from commoditized consumer markets toward higher-reliability, higher-margin segments strengthens its competitive footing. The flip side is that these end markets can be slow-moving, with long design cycles, concentration in key customers, and exposure to regulatory and defense spending priorities, which can all influence growth tempo.

Innovation and R&D

Innovation and R&D Innovation is a core part of the company’s identity. It has a long history in miniature microphones, MEMS technology, balanced armature speakers, and advanced ceramics for capacitors and filters. This gives it strong engineering credibility in hearing health, medical devices, defense, aerospace, and industrial electrification. Recent moves include products tailored for AI-enabled hearing aids, high-reliability components for critical medical and defense systems, and expanded offerings for energy storage and electric vehicles. The acquisition of a specialty capacitor maker deepens its position in industrial electrification. The main opportunity is to keep turning this technical edge into higher-value, custom solutions, while the main risk is execution: integrating acquisitions smoothly and continuing to invest enough in R&D to stay ahead in very demanding applications.

Summary

Knowles sits at the intersection of advanced audio, sensing, and high-performance electronic components, with a strategy that leans into medical, defense, aerospace, and industrial electrification rather than volume consumer gadgets. The core operations appear reasonably profitable and generate steady cash, but reported earnings have been volatile, and the balance sheet shows some strain from losses and strategic reshaping. Its competitive moat is based on specialized technology, manufacturing complexity, and deep integration with customers in regulated, high-stakes markets. Future performance will hinge on stabilizing growth in these targeted segments, maintaining strong free cash flow, and successfully executing on its transformation toward a more focused industrial technology profile.

NEWS

October 23, 2025 · 4:05 PM UTC

Knowles Reports Q3 2025 Financial Results and Provides Outlook for Q4 2025

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September 30, 2025 · 6:00 AM UTC

Knowles to Release Third Quarter 2025 Financial Results on October 23, 2025

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September 29, 2025 · 12:27 PM UTC

Syntiant Wins Octane's High Tech Award for ‘Deal of the Year'

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