Knowles Corporation KN

Information TechnologyElectronic Equipment & PartsUnited States of America

Last close 32.87 USD on Nov 1, 2026, +53.4% year to date

Quant rating

Quant rating C Rank 215 of 389 in Information Technology

Growth D 280 of 389
Valuation B 148 of 389
Quality C 216 of 389
Revisions C 189 of 389
Momentum C 167 of 389

Wall Street consensus Buy (2.00)Average target 44.00 USD +33.9%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 2.8B
Enterprise value: 2.9B
52-week range: 20.57 – 42.91
3-year range: 12.76 – 42.91
Dividend yield: –
Beta (5 years): 1.59
Shares outstanding: 84.7M
Next earnings: Feb 3, 2027

About the company

Knowles Corporation is a manufacturer of specialty electronic components. The Company is engaged in manufacturing high-performance capacitors, radio frequency (RF) and microwave filters, advanced medtech microphones, balanced armature speakers, and miniaturization products. The Company’s segments include Precision Devices (PD) and MedTech & Specialty Audio (MSA). Its PD segment is specialized in the design and delivery of high-performance capacitor products and RF solutions primarily serving the defense, medtech, electrification, and industrial markets. Its MSA segment designs and manufactures balanced armature speakers and microphones used in applications that serve the hearing health and premium audio markets. The Company sells its products directly to original equipment manufacturers (OEMs) and to their contract manufacturers and suppliers and through distributors worldwide.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	593	554	457	765	868	–
Revenue growth	7.2%	21.2%	−40.3%	−11.9%	13.6%	−4.9%
EPS (basic, normalized)	1.11	0.91	0.88	1.26	1.53	–
EPS growth	22.0%	3.4%	−30.2%	−17.6%	–	–
Gross margin	43.9%	42.8%	44.9%	40.3%	41.4%	42.7%
Net margin	8.6%	4.2%	14.4%	−56.2%	17.3%	−2.4%
ROE	6.6%	2.6%	6.5%	−35.1%	10.9%	−1.7%

Balance sheet, last quarter
Cash & short-term investments (mil)	46.6
Current ratio	2.94x
Long-term debt (mil)	116
Net debt (mil)	69.4
Total equity (mil)	798
Net debt / equity	0.09x
Net debt / EBITDA	0.50x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	593	+7.2%	4.8x	140	–	20.4x	1.11	+22.0%	29.6x
2026	689	+16.1%	4.1x	176	+25.7%	16.2x	1.40	+25.7%	23.6x
2027	750	+8.9%	3.8x	201	+14.3%	14.2x	1.68	+20.4%	19.6x
2028	827	+10.4%	3.4x	–	–	–	2.19	+30.1%	15.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	689	+3.3%	+3.3%	+7.0%	1.40	+4.5%	+4.5%	+7.9%
2027	750	+5.2%	+5.2%	+9.1%	1.68	+3.9%	+3.9%	+7.9%
2028	827	+3.9%	+3.9%	–	2.19	−1.6%	−1.6%	–

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	196	205	142	142	132	146	153	162	153	167
Sales mean (mil)	195	204	159	146	129	140	149	156	147	157
Surprise	+0.6%	+0.2%	−10.6%	−2.4%	+2.5%	+4.4%	+2.6%	+3.8%	+3.9%	+6.3%
EPS reported	0.20	0.24	0.26	0.27	0.18	0.24	0.33	0.36	0.27	0.33
EPS mean	0.18	0.24	0.26	0.28	0.18	0.23	0.31	0.35	0.24	0.30
Surprise	+11.1%	0.0%	+1.3%	−4.4%	0.0%	+3.2%	+7.3%	+2.1%	+13.7%	+8.2%

Peer comparison Electronic Equipment & Parts

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
KN Knowles Corporation	2.8B	0.50x	8.6%	3.49x	23.6x	19.6x	16.2x	14.2x
6981 Murata Manufacturing Co., Ltd.	79.2B	−1.14x	12.8%	4.20x	31.2x	20.7x	17.6x	12.8x
APH Amphenol Corp	195.6B	1.84x	18.5%	11.42x	29.8x	22.3x	17.1x	14.1x
GLW Corning Incorporated	106.2B	1.39x	10.2%	8.17x	36.6x	27.3x	19.6x	15.4x
COHR Coherent Corp.	41.4B	0.92x	10.8%	3.78x	22.4x	15.1x	14.7x	10.3x
TTDKY TDK CORPORATION	31.7B	−0.37x	7.8%	2.16x	19.7x	18.1x	8.1x	7.4x
Mean		0.52x	11.4%	5.54x	27.2x	20.5x	15.6x	12.4x
Median		0.71x	10.5%	3.99x	26.7x	20.1x	16.7x	13.5x

Technical analysis

1M−11.7%
3M−8.5%
1Y+39.9%
3Y+152.7%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Knowles Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	593	554	457	765	868	764
Cost of revenue	332	317	252	456	509	491
Gross profit	261	237	205	309	360	273
Selling, general & administrative expenses	143	142	126	129	146	132
Research & development	40.2	39.5	32.4	81.7	92.8	92.9
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	7.4	3.4	3.3	513	4.5	19.9
Other operating expenses	0	0	0	0	0	0
Operating income	70.3	51.8	43.4	−415	116	29.2
Net interest income (expense)	−3.1	−16.3	−5.4	−3.9	−14.2	−16.4
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−3.2	−0.8	−0.7	0.5	3.0	−1.5
Net income before taxes	64.0	34.7	37.3	−418	105	11.3
Provision for taxes	13.1	11.3	−28.3	11.9	−45.6	8.4
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	50.9	23.4	65.6	−430	150	2.9
Extraordinary items	−6.7	−261	6.8	0	0.2	3.7
Net income	44.2	−238	72.4	−430	150	6.6
EBIT, normalized	78.7	69.5	58.6	97.9	120	49.3
EBITDA, normalized	115	120	105	152	183	110
Basic EPS, normalized	1.11	0.91	0.88	1.26	1.53	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Knowles Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	54.2	130	87.3	48.2	68.9	148
Receivables	103	105	135	135	147	131
Total inventory	125	118	196	170	153	130
Prepaid expenses	9.8	8.3	9.8	10.0	11.7	10.3
Other current assets	0	0	0	0	0	0
Total current assets	291	361	429	362	380	420
Property, plant & equipment	159	139	188	174	218	215
Goodwill	270	270	541	471	941	910
Intangibles	141	157	189	85.1	97.3	78.7
Long-term investments	83.4	77.2	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	106	114	115	91.0	94.5	31.8
Total assets	1,051	1,118	1,463	1,184	1,732	1,655
Liabilities
Accounts payable	42.9	58.5	51.3	41.4	90.9	70.3
Payable/accrued	–	–	–	–	–	–
Accrued expenses	57.1	59.5	51.6	47.5	69.8	53.8
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	0.4	68.9	48.7	2.5	2.7	168
Other current liabilities	5.5	10.7	13.0	7.7	2.8	5.5
Total current liabilities	106	198	165	99.1	166	297
Long-term debt	114	134	225	46.4	73.6	5.5
Minority interest	–	–	–	–	–	–
Other liabilities	55.1	30.2	39.4	45.5	32.3	48.6
Total liabilities	275	362	429	191	272	351
Shareholders' equity
Preferred stock	0	0	0	0	0	0
Common stock	1.0	1.0	1.0	1.0	1.0	0.9
Additional paid-in capital	1,740	1,712	1,690	1,666	1,639	1,588
Retained earnings (accumulated deficit)	−569	−614	−376	−448	−18.1	−168
Treasury stock	−271	−205	−151	−103	−62.4	−16.2
Other equity	−125	−138	−130	−122	−100	−100
Total equity	776	756	1,034	993	1,460	1,304
Total liabilities & shareholders' equity	1,051	1,118	1,463	1,184	1,732	1,655

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Knowles Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	44.2	−238	72.4	−430	150	6.6
Depreciation, depletion & amortization	36.3	50.3	46.5	53.9	62.5	60.6
Deferred taxes	8.9	9.5	−40.3	1.6	−61.2	−2.6
Non-cash items	42.3	281	18.3	508	44.1	40.8
Changes in working capital	−17.7	27.3	25.8	−47.4	−13.7	22.7
Cash from operations	114	130	123	86.3	182	128
Investing activities
Capital expenditures	−32.1	−13.6	−17.2	−32.1	−48.6	−31.9
Other investing cash flows	0.5	58.8	−124	−0.6	−81.0	−3.2
Cash from investing	−31.6	45.2	−142	−32.7	−130	−35.1
Financing activities
Financing cash flow items	−80.1	−56.6	−8.4	−6.9	17.9	−5.7
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−78.8	−75.4	66.6	−66.3	−149	−18.2
Cash from financing	−159	−132	58.2	−73.2	−131	−23.9
Foreign exchange effects	0.6	−0.5	−0.2	−1.1	0	0.3
Net change in cash	−75.9	42.8	39.1	−20.7	−78.9	69.4
Free cash flow	81.9	116	106	54.2	134	96.2

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.