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Consumer electronics · Technology · Fiscal year ends Dec 31
Knowles reported revenue of $593M in the fiscal year ended Dec 2025, up 7.2% from the year before. Operating income was $70M, an operating margin of 11.9%, and net income was $44M. Net debt was $60M.
Ranks among the 4 consumer electronics companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 868 | 479 | 457 | 554 | 593 |
| Cost of revenue | 509 | 252 | 252 | 317 | 333 |
| Gross profit | 360 | 227 | 204 | 235 | 256 |
| Research & development | 92.8 | 29.3 | 32.4 | 39.5 | 40.2 |
| Selling, general & admin | 146 | 106 | 126 | 142 | 143 |
| Operating income | 116 | 90.8 | 43.4 | 51.8 | 70.3 |
| Net interest incomeBanks | 14.2 | 3.5 | 5.4 | 16.3 | 9.3 |
| Interest expense | – | – | 1.3 | 7.5 | 4.2 |
| Pre-tax income | 105 | 87.7 | 37.3 | 34.7 | 64.0 |
| Income tax | −45.6 | 21.3 | −28.3 | 11.3 | 13.1 |
| Net income | 150 | −430 | 72.4 | −238 | 44.2 |
| Diluted EPS | 1.59 | −4.63 | 0.79 | −2.64 | 0.50 |
| Diluted shares | 94.7 | 92.8 | 91.6 | 90.1 | 88.0 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 68.9 | 48.2 | 87.3 | 130 | 54.2 |
| Receivables | 147 | 135 | 90.7 | 105 | 103 |
| Inventory | 153 | 170 | 127 | 118 | 125 |
| Current assets | 380 | 362 | 429 | 361 | 291 |
| Net PP&E | 201 | 162 | 143 | 130 | 140 |
| Goodwill | 941 | 201 | 271 | 270 | 270 |
| Total assets | 1,732 | 1,184 | 1,463 | 1,118 | 1,051 |
| Payables | 90.9 | 41.4 | 35.9 | 58.5 | 42.9 |
| Deferred revenue | – | – | – | 1.7 | 1.2 |
| Current liabilities | 166 | 99.1 | 165 | 198 | 106 |
| Short-term debt | 0.0 | 0.0 | 47.1 | 68.5 | 0.0 |
| Long-term debt | 70.0 | 45.0 | 224 | 134 | 114 |
| Total liabilities | 272 | 191 | 429 | 362 | 275 |
| Shareholders' equity | 1,460 | 993 | 1,034 | 756 | 776 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Capital expenditure | 48.6 | 32.1 | 16.9 | 13.6 | 32.1 |
| Depreciation & amortisation | 62.5 | 53.9 | 46.5 | 50.3 | 36.3 |
| Stock-based compensation | 32.1 | 28.6 | 29.0 | 22.8 | 28.4 |
| Acquisitions | 78.5 | 0.7 | 137 | 0.0 | 0.0 |
| Share buybacks | 44.5 | 44.0 | 47.5 | 53.7 | 65.0 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −44.8% | −4.6% | 21.2% | 7.2% |
| Operating income growth (YoY) | – | −21.6% | −52.2% | 19.4% | 35.7% |
| EPS growth (YoY) | – | −391.2% | – | −434.2% | – |
| Gross margin | 41.4% | 47.4% | 44.6% | 42.4% | 43.2% |
| Operating margin | 13.3% | 19.0% | 9.5% | 9.4% | 11.9% |
| Net margin | 17.3% | −89.8% | 15.8% | −43.0% | 7.5% |
| Return on equityBlank when equity is negative | 10.3% | −43.3% | 7.0% | −31.5% | 5.7% |
| ROCEEBIT ÷ (assets − current liabilities) | 7.4% | 8.4% | 3.3% | 5.6% | 7.4% |
| Receivable days | 62 | 103 | 72 | 69 | 63 |
| Inventory days | 110 | 246 | 184 | 136 | 137 |
| Payable days | 65 | 60 | 52 | 67 | 47 |
| Interest cover | – | – | 33.4x | 6.91x | 16.7x |
| Debt ÷ equity | 0.05x | 0.05x | 0.26x | 0.27x | 0.15x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 1.1 | −3.2 | 184 | 72.4 | 59.8 |
| Current ratio | 2.29x | 3.66x | 2.61x | 1.83x | 2.75x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.