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Kadant Inc. (KAI)

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Kadant Inc. (KAI) reported revenue of $313 million for Q2 FY2026, the quarter ended 4 July 2026, up 22.6% on the same quarter a year earlier. Net income was $32 million, up 24.1% on the year, and diluted earnings per share $2.75. The figures are the company's own, from the 10-Q it filed with the SEC on 12 August 2026.

Revenue$313 millionup 22.6%
Net income$32 millionup 24.1%
Diluted EPS$2.75
QuarterQ2 FY2026ended 4 July 2026

Kadant (KAI) in brief

Kadant (KAI) reported revenue of $1.1 billion for fiscal 2025, the year ended 3 January 2026, down 0.1% on the year before.
Read moreNet income was $102 million and diluted earnings per share $8.65. Revenue was $1.1 billion in fiscal 2024, $958 million in fiscal 2023, $905 million in fiscal 2022 and $787 million in fiscal 2021. Net income in the same years was $112 million, $116 million, $121 million and $84 million. Over the twelve months to 4 July 2026, Kadant reported revenue of $1.2 billion and net income of $110 million. Revenue grew 10.6% a year, compounded, over the five years to fiscal 2025. Kadant declared $1.36 a share in dividends over the last four quarters and had 12 million shares outstanding at the latest filed count. At 4 July 2026 it carried $507 million of debt and $135 million of cash. At the close of 9 October 2026 the market cap of Kadant was $3.1 billion, 28.0 times its earnings over the last twelve months.

Ratios

From the filings

ROE10.7%
ROCE11.3%
Operating margin15.0%
Net margin9.5%
FCF margin13.9%
Interest cover9.52
Debt to equity0.50
Cash conversion1.67
Share count, 1 year0.3%
Sales CAGR, 3 years5.2%
Profit CAGR, 3 years-5.5%
EPS, TTM$9.30

At the close of 9 October 2026

Price$260.51
Market cap$3.1 billion
Stock P/E28.01
Price to book3.01
EV / EBITDA14.96
Dividend yield0.5%
Market cap / sales2.67
52-week high$347.31
52-week low$247.48
Price, 1 year-9.0%
Price CAGR, 3 years4.7%
Price CAGR, 5 years5.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the one borrowings figure Kadant Inc. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.
KAIgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on KAI

Filings18 in twelve months: 10 current reports (8-K), about 9 regulation FD disclosure; 5 results of operations; 1 officer or director change; 1 shareholder vote; 1 other events
Planned insider sales4 Form 144 notices in twelve months, $1.5 million; latest 27 May 2026
Options tapeput/call 0.26 by open interest at the 9 October 2026 close; the straddle prices a 3.8% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Geode Capital Management; 7 Schedule 13D or 13G filings in twelve months
Insider trading5 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest915,473 shares short, 6.07 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue244239249275272258239255272286282313
Cost of revenue138137138153150146129138149161155176
Gross profit106102111122121112110117123126127137
Gross margin43%43%45%44%45%43%46%46%45%44%45%44%
R&D3.33.53.73.53.43.73.53.73.94.14.14.5
SG&A57.959.870.370.069.070.671.273.975.880.982.581.6
Operating income43.539.036.948.449.036.935.639.442.639.740.150.9
Operating margin18%16%15%18%18%14%15%15%16%14%14%16%
Interest expense2.11.74.75.25.54.63.83.33.15.34.55.3
Pre-tax income41.938.032.843.643.932.832.336.539.935.036.046.0
Tax rate26%27%24%28%27%27%24%27%30%30%28%29%
Net income30.927.424.731.331.624.024.126.227.724.025.532.5
Net margin13%11%10%11%12%9%10%10%10%8%9%10%
Diluted EPS$2.63$2.33$2.10$2.66$2.68$2.04$2.04$2.22$2.35$2.04$2.16$2.75
Operating cash flow47.059.222.828.152.551.922.840.547.360.821.953.5
Capital expenditure8.89.86.35.04.25.63.84.03.26.03.310.9
Free cash flow38.149.516.623.148.346.319.036.544.154.718.742.6
Dividends paid3.43.43.43.83.83.83.84.04.04.04.04.3
Shares outstanding12m12m12m12m12m12m12m12m12m12m12m12m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue4023904145156347056357879059581,0531,0521,152
Cost of revenue224210226284356411358449515541587577640
Gross profit178180188231278294277337390416466476512
Gross margin44.4%46.2%45.5%44.9%43.9%41.7%43.7%42.9%43.1%43.5%44.3%45.2%44.4%
Research and development6.26.77.49.610.610.911.311.412.713.614.315.316.6
Selling, general and administrative129123135160177193182209224236280302321
Operating income42.150.146.661.688.687.881.1117171166171157173
Operating margin10.5%12.8%11.3%12.0%14.0%12.5%12.8%14.8%18.9%17.3%16.3%14.9%15.0%
Interest expense1.00.91.33.57.012.87.44.86.58.420.015.618.2
Pre-tax income41.549.444.557.779.568.973.7112166159153144157
Income tax12.414.812.126.118.516.417.927.243.942.240.539.945.6
Effective tax rate30.0%29.9%27.1%45.2%23.2%23.7%24.4%24.2%26.5%26.5%26.5%27.8%29.1%
Net income28.734.432.131.160.452.155.284.0121116112102110
Net margin7.1%8.8%7.7%6.0%9.5%7.4%8.7%10.7%13.4%12.1%10.6%9.7%9.5%
Diluted EPS$2.56$3.10$2.88$2.75$5.30$4.54$4.77$7.21$10.35$9.90$9.48$8.65$9.30
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2026Share
latest year
Industrial Processing35543340938.9%
Flow Control36337138336.4%
Material Handling24024926024.7%
Industrial ProcessingFlow ControlMaterial Handling
958FY20231,053FY20241,052FY2026

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2026Share
latest year
Parts and Consumables59869474871.1%
Capital35936030428.9%
Parts and ConsumablesCapital
958FY20231,053FY20241,052FY2026

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow51.140.451.065.263.097.492.9162103166155171183
Capital expenditure6.85.55.817.316.610.07.612.828.231.921.017.023.4
Free cash flow44.434.945.247.946.487.585.315074.4134134154160
Free cash flow margin11.0%8.9%10.9%9.3%7.3%12.4%13.4%19.0%8.2%14.0%12.7%14.7%13.9%
Cash from investingn/an/an/a-222-16.4-187-14.5-154-29.5-30.8-319-205-384
Cash from financingn/an/an/a150-74.2112-84.622.8-80.6-11116054.0243
Depreciation and amortisation11.210.814.319.423.632.431.334.334.933.349.651.257.3
Share-based compensation5.85.75.15.87.06.86.88.58.69.810.611.211.2
Buybacks15.19.90.00.0n/an/an/an/an/an/an/an/an/a
Dividends paid6.37.28.09.09.610.210.911.512.013.214.715.816.3
Dividend per share$0.60$0.68$0.76$0.84$0.88$0.92$0.96$1.00$1.04$1.16$1.28$1.36n/a
Diluted shares, weighted11m11m11m11m11m11m12m12m12m12m12m12m12m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a12m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity2642672833313734264955646547748479801,023
Non-controlling interest1.21.31.61.51.61.41.51.71.72.511.011.310.8
Debt25.931.265.8241174295228265199109287373507
Operating lease liabilitiesn/an/an/an/an/a24.422.220.017.819.427.833.1n/a
Finance lease liabilitiesn/an/an/an/an/a1.20.70.71.00.80.90.8n/a
Other liabilities122116121187177192180281276270257315348
Total liabilities and equity4144154717617269399281,1321,1501,1761,4301,7121,889
Owned
Fixed assets45.042.347.779.780.286.084.6n/an/an/an/an/an/a
Goodwill128119151268258336352397385392479556661
Intangible assets47.038.052.7133113174161199176159279350354
Loansn/an/a0.20.50.70.91.21.4n/an/an/an/an/a
Cash and equivalents45.465.571.575.445.866.865.791.276.410494.7120135
Receivables58.564.366.089.692.695.791.5117130134142159169
Inventory55.256.855.084.986.4103107134164153146207216
Other assets34.829.526.229.948.677.364.9192218234288321355
Total assets4144154717617269399281,1321,1501,1761,4301,7121,889
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded10.4%10.6%5.2%12.5%
Profit growth, compounded11.5%13.1%-5.5%3.7%
Return on equity, average13.2%14.4%12.9%10.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Kadant's revenue in fiscal 2025?

Kadant (KAI) reported revenue of $1.1 billion for fiscal 2025, the year ended 3 January 2026, down 0.1% on the year before.

How much did Kadant earn in fiscal 2025?

Net income was $102 million for fiscal 2025, and diluted earnings per share $8.65.

What is Kadant's P/E ratio?

At the close of 9 October 2026, Kadant traded at 28.0 times its earnings over the twelve months to 4 July 2026.

What is Kadant's market cap?

The market cap of Kadant was $3.1 billion at the close of 9 October 2026.

Does Kadant pay a dividend?

Yes. Kadant declared $1.36 a share in dividends over the four quarters to 4 July 2026.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
nVent Electric plc NVT$27.1 billion45.7515.0%17.1%46.2%0.370.5%
Pentair plc PNR$8.5 billion13.1817.4%20.3%-2.1%0.431.9%
JBT Marel Corp. JBTM$5.6 billion29.194.3%7.3%44.9%0.380.4%
Cactus, Inc. WHD$4.5 billion54.2313.2%18.6%21.8%0.000.9%
Esab Corp. ESAB$4.2 billion23.976.8%12.1%9.7%0.940.6%
Brunswick Corp. BC$4.0 billionn/a-5.1%-0.4%10.5%1.252.8%
Standex International Corp. SXI$3.4 billion32.9613.9%21.7%12.8%0.690.5%
Veeco Instruments Inc. VECO$3.2 billion145.422.6%2.7%-2.5%0.25n/a
Kadant Inc. KAI$3.1 billion28.0110.7%15.0%12.5%0.500.5%
Dnow Inc. DNOW$2.8 billionn/an/an/a69.8%0.23n/a
Kennametal Inc. KMT$2.4 billion7.2521.8%20.1%19.8%0.442.5%
Hayward Holdings, Inc. HAYW$2.4 billion15.3210.1%21.1%7.8%0.590.0%
All 60 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ASML Holding N.V. ASML *$686.2 billion64.0049.0%34.6%15.6%0.22n/a
Lam Research Corp. LRCX$398.9 billion55.3558.3%35.3%26.0%0.300.3%
Caterpillar Inc. CAT$367.9 billion34.4555.9%17.5%18.4%1.440.7%
Deere & Co. DE$167.4 billion34.4917.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$166.9 billion43.7118.9%n/a15.5%0.911.0%
Johnson Controls International plc JCI$96.0 billion27.3826.5%n/a6.8%0.621.0%
Illinois Tool Works Inc. ITW$75.2 billion23.94110.3%26.5%4.3%3.352.4%
Cummins Inc. CMI$72.0 billion26.7421.1%11.2%2.9%0.521.5%
Baker Hughes Co. BKR$56.3 billion18.2915.6%n/a0.4%0.82n/a
Carrier Global Corp. CARR$46.1 billion38.329.1%7.8%-1.6%0.771.2%
Ingersoll Rand Inc. IR$30.6 billion32.409.4%18.1%7.8%0.40n/a
TechnipFMC plc FTI$27.3 billion24.1535.9%16.0%9.9%0.120.3%
nVent Electric plc NVT$27.1 billion45.7515.0%17.1%46.2%0.370.5%
Dover Corp. DOV$25.4 billion22.7414.7%16.9%7.6%0.421.1%
Xylem Inc. XYL$24.0 billion24.459.8%14.5%4.5%0.281.6%
Curtiss Wright Corp. CW$18.9 billion35.3019.5%18.8%10.5%0.350.2%
Zebra Technologies Corp. ZBRA$18.3 billion35.4315.7%14.7%12.7%0.81n/a
Nordson Corp. NDSN$18.3 billion33.1717.0%26.9%7.0%0.531.0%
ITT Inc. ITT$18.0 billion39.488.8%14.4%28.1%0.620.7%
Idex Corp. IEX$17.3 billion33.7013.0%20.7%7.3%0.471.2%
RBC Bearings Inc. RBC$16.5 billion49.799.3%23.6%17.3%0.230.0%
Lincoln Electric Holdings Inc. LECO$14.2 billion26.1035.6%17.1%9.3%0.741.2%
CNH Industrial N.V. CNH$14.1 billion45.604.0%n/a0.6%3.332.2%
BWX Technologies, Inc. BWXT$13.2 billion37.2626.6%12.1%22.7%1.510.7%
Graco Inc. GGG$12.7 billion24.5921.1%28.1%4.6%0.011.4%
Lennox International Inc. LII$12.4 billion16.1160.8%19.7%-2.1%0.891.4%
Moog Inc. MOG.A$11.6 billion30.8717.0%13.3%15.6%0.410.3%
Regal Rexnord Corp. RRX$11.0 billion34.024.7%11.7%3.5%0.660.8%
Donaldson Co. Inc. DCI$10.1 billion22.5925.7%15.4%5.3%0.731.4%
Flowserve Corp. FLS$9.2 billion25.3416.4%8.5%-0.3%0.941.2%
Toro Co. TTC$9.1 billion25.6127.2%10.3%5.2%0.721.6%
SPX Technologies, Inc. SPXC$8.5 billion30.4811.9%16.2%20.6%0.260.4%
Pentair plc PNR$8.5 billion13.1817.4%20.3%-2.1%0.431.9%
Timken Co. TKR$8.1 billion31.498.1%10.5%5.5%0.641.2%
Zurn Elkay Water Solutions Corp. ZWS$7.7 billion28.7416.6%20.8%10.7%0.300.8%
Agco Corp. AGCO$7.2 billion14.3013.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.8415.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion72.941.5%5.1%-1.7%0.272.7%
Gates Industrial Corp. Ltd. GTES$6.8 billion18.9210.3%13.3%3.3%0.63n/a
Solaris Energy Infrastructure, Inc. SEI$6.0 billion95.536.1%24.3%70.5%1.780.6%
Weatherford International plc WFRD$5.6 billion15.3720.5%12.7%-7.2%0.811.3%
JBT Marel Corp. JBTM$5.6 billion29.194.3%7.3%44.9%0.380.4%
ACM Research, Inc. ACMR$5.1 billion33.998.1%13.3%27.3%0.13n/a
Middleby Corp. MIDD$4.8 billionn/a-21.3%16.5%8.4%0.88n/a
Cactus, Inc. WHD$4.5 billion54.2313.2%18.6%21.8%0.000.9%
Esab Corp. ESAB$4.2 billion23.976.8%12.1%9.7%0.940.6%
Brunswick Corp. BC$4.0 billionn/a-5.1%-0.4%10.5%1.252.8%
Standex International Corp. SXI$3.4 billion32.9613.9%21.7%12.8%0.690.5%
Veeco Instruments Inc. VECO$3.2 billion145.422.6%2.7%-2.5%0.25n/a
Kadant Inc. KAI$3.1 billion28.0110.7%15.0%12.5%0.500.5%
Dnow Inc. DNOW$2.8 billionn/an/an/a69.8%0.23n/a
Kennametal Inc. KMT$2.4 billion7.2521.8%20.1%19.8%0.442.5%
Hayward Holdings, Inc. HAYW$2.4 billion15.3210.1%21.1%7.8%0.590.0%
Innovex International, Inc. INVX$1.9 billion31.535.8%10.0%15.0%0.02n/a
Alamo Group Inc. ALG$1.8 billion18.298.5%8.9%4.1%0.220.8%
Enerpac Tool Group Corp. EPAC$1.8 billion19.7522.0%21.2%4.3%0.440.1%
Azenta, Inc. AZTA$1.7 billionn/a-8.1%-28.6%4.8%0.000.3%
Lindsay Corp. LNN$1.1 billion21.5511.1%9.9%-7.4%0.231.3%
Tennant Co. TNC$1.1 billion63.473.4%3.2%-2.9%0.671.8%
Astec Industries Inc. ASTE$890 million45.532.8%3.4%18.7%0.531.3%
3 companies share its SEC industry code (Special Industry Machinery (No Metalworking Machinery)); the rest are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q4 July 202612 August 2026EDGAR
10-Q4 April 202613 May 2026EDGAR
10-K3 January 20263 March 2026EDGAR
10-Q27 September 20255 November 2025EDGAR
10-Q28 June 20256 August 2025EDGAR
10-Q29 March 20257 May 2025EDGAR
10-K28 December 202425 February 2025EDGAR
10-Q28 September 20246 November 2024EDGAR
10-Q29 June 20247 August 2024EDGAR
10-Q30 March 20248 May 2024EDGAR

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