Knot Offshore Partners Lp's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Knot Offshore Partners Lp (KNOP) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Knot Offshore Partners Lp vs Its Competitors
- TTM: Trailing 12-month revenue of 364M vs 1,346M combined for tracked competitors (21.3% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs holding steady (+0.1%) for its tracked peer group.
- Growth: Knot Offshore Partners Lp generated 14.4% revenue growth year over year in Q4 2025, vs -2.4% for its tracked competitors combined.
- Profitability: Its 6.4% net margin compares with 65.2% for the peer group.
- Scale: Knot Offshore Partners Lp ranks #15 of 20 companies by market capitalization in the Cruise and Shipping industry, holding 0.2% of industry market cap.
- Peer revenue share: Knot Offshore Partners Lp accounted for 52.0% of combined revenue among its tracked peer group, up from 48.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.45M compares with $1.06M for the peer group (0.4x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
KNOP Sales vs. its Competitors, Q4 2025
Knot Offshore Partners Lp reported revenue growth of 14.39 % year on year in Q4 2025, above its competitors' combined revenue change of -2.40 %.
With a net margin of 6.38 %, Knot Offshore Partners Lp reported lower profitability than its competitors (65.16 %).
Knot Offshore Partners Lp generated 51.97 % of the combined sales of its peer group, up from 48.00 % a year earlier.
Knot Offshore Partners Lp vs. its Competitors, Q4 2025
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Knot Offshore Partners Lp and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Knot Offshore Partners Lp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Knot Offshore Partners Lp's competitor groups requires a Commercial License.
For context: the Cruise and Shipping industry grew revenue 9.4% year over year, combined, vs 14.4% for Knot Offshore Partners Lp. Knot Offshore Partners Lp's share of combined industry revenue moved from 0.61% to 0.64%, a gain of 0.03 percentage points.
Knot Offshore Partners Lp's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Knot Offshore Partners Lp | Yes | Yes | Yes | No |
| Competitors combined (2) | ||||
| Similar-Size Competitors (8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
KNOP Stock Performance relative to its Competitors
KNOP Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Tidewater Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Knot Offshore Partners Lp's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Knot Offshore Partners Lp's Comment on Competition and Industry Peers
Publicly Traded Peers of Knot Offshore Partners Lp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Knot Offshore Partners Lp | - | 364.44 |
| Tidewater Inc | 4,174.08 | 1,346.42 |
| Profire Energy Inc | 123.80 | 57.99 |
| SUBTOTAL | 4,297.87 | 1,768.85 |
Sources: Knot Offshore Partners Lp's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Knot Offshore Partners Lp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Knot Offshore Partners Lp's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Knot Offshore Partners Lp | - | 446,621 | 28,504 |
| Tidewater Inc | 4,174 | 1,122,017 | 204,574 |
| Profire Energy Inc | 124 | 471,424 | 72,929 |
| PEERS TOTAL | 4,298 | 1,061,531 | 192,335 |
Knot Offshore Partners Lp's Position in Industry Market Structure
Market-capitalization share and concentration across all 19 companies in Knot Offshore Partners Lp's industry classification, broader than the peer set above. Market cap in millions of $.Knot Offshore Partners Lp ranks #15 of 19 companies by market capitalization in its industry, holding 0.20 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,076, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Royal Caribbean Cruises Ltd | 64,600 | 36.13 % |
| 2 | Viking Holdings Ltd | 35,524 | 19.87 % |
| 3 | Carnival Corporation | 30,779 | 17.21 % |
| 4 | Kirby Corporation | 6,941 | 3.88 % |
| 5 | Matson inc | 1,234 | 5.2% |
| 6 | Norwegian Cruise Line Holdings ltd | 1,234 | 5.2% |
| 7 | Golar Lng Limited | 1,234 | 5.2% |
| 8 | International Seaways Inc | 1,234 | 5.2% |
| 9 | Golden Ocean Group Limited | 1,234 | 5.2% |
| 10 | Tidewater Inc | 1,234 | 5.2% |
| 15 | Knot Offshore Partners Lp | 359 | 0.20 % |
Market cap and industry share for the rest of Knot Offshore Partners Lp's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Knot Offshore Partners Lp's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 10 | Tidewater Inc | 4,213 | 43.58 % |
| 11 | Teekay Tankers Ltd | 3,356 | 83.54 % |
| 12 | Flex Lng Ltd | 1,685 | 23.14 % |
| 13 | Nordic American Tankers Ltd | 1,654 | 143.30 % |
| 14 | Costamare Bulkers Holdings Limited | 1,234 | 12.3% |
| 15 | Knot Offshore Partners Lp | 359 | 12.08 % |
| 16 | Eurodry Ltd | 1,234 | 12.3% |
| 17 | Dynagas Lng Partners Lp | 1,234 | 12.3% |
| 18 | Odyssey Marine Exploration Inc | 1,234 | 12.3% |
| 19 | United Maritime Corp | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Knot Offshore Partners Lp's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Knot Offshore Partners Lp's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Cruise and Shipping industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (18 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 0.00 % | 47.32 % (avg) | -47.3 pp |
| Operating Margin | 23.23 % | industry median | +2.7 pp |
| EBITDA Margin | 56.65 % | 37.55 % (avg) | +19.1 pp |
| Capital Intensity (Capex / Revenue) | 0.08 % | 15.60 % (avg) | -15.5 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Knot Offshore Partners Lp's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue Growth | 8.24 % | 9.59 % | 14.39 % |
| Operating Margin | 8.65 % | 22.89 % | 23.23 % |
| Return on Invested Capital | - | - | - |
| P/E | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Knot Offshore Partners Lp's BCG Growth-Share Matrix
Relative market share (vs Knot Offshore Partners Lp's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Knot Offshore Partners Lp falls in the Dog quadrant: relative market share of 0.01x vs its largest competitor, in an industry growing revenue -0.2% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Royal Caribbean Cruises Ltd alone holds 36% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Knot Offshore Partners Lp's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 2,076 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.08 % vs industry average 15.60 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Knot Offshore Partners Lp's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Knot Offshore Partners Lp's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Knot Offshore Partners Lp's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Knot Offshore Partners Lp falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Knot Offshore Partners Lp's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.01x).
Opportunities
No rule matched.
Threats
- Industry dominated by Royal Caribbean Cruises Ltd, holding 36.13 % of industry market cap.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Knot Offshore Partners Lp's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Knot Offshore Partners Lp | 0.21 | 0.26 | 2.28 |
| Tidewater Inc | 1.92 | 3.16 | 0.50 |
| Profire Energy Inc | 1.16 | 6.02 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Knot Offshore Partners Lp's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Knot Offshore Partners Lp | Q4 2025 | +14.4 % | +65.4 % |
| Tidewater Inc | Q2 2026 | +0.3 % | -71.0 % |
| Profire Energy Inc | Q3 2024 | +12.5 % | +7.0 % |
| PEERS TOTAL | +7.2 % | -47.6 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Knot Offshore Partners Lp's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Knot Offshore Partners Lp | Q4 2025 | - | -70.3 % |
| Tidewater Inc | Q2 2026 | +8.0 % | +185.6 % |
| Profire Energy Inc | Q3 2024 | +14.3 % | -9.0 % |
Knot Offshore Partners Lp's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Knot Offshore Partners Lp | 1.38% | 2.25% | 3.95% |
| Tidewater Inc | 10.65% | 12.38% | 18.68% |
| Profire Energy Inc | 13.36% | 15.04% | 15.12% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Knot Offshore Partners Lp's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Knot Offshore Partners Lp | - | - |
| Tidewater Inc | 17.03 | 3.10 |
| Profire Energy Inc | 14.43 | 2.14 |
| PEERS AVERAGE | 15.48 | 2.43 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.