Saturday 17 October 2026
Export KAI’s income statement to Excel — free account
Kadant Inc
KAI Industrials Specialty Industrial Machinery
Kadant Inc’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 22.6%, EPS grew 23.9%, free cash flow grew 15.9% and total debt rose 105.1%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
264.03
5.31
+2.05%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 33.38 | 56.15 | 76.44 | 77.67 | 52.71 | 129.55 | 154.19 | 176.30 | 249.51 | 244.87 |
Analyst estimates 2026–2028 Powerpack |
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| High | 64.75 | 114.00 | 111.85 | 108.16 | 144.83 | 240.47 | 231.30 | 288.24 | 429.95 | 409.73 | |||||
| People | |||||||||||||||
| People | Employees | 2,000 | 2,400 | 2,500 | 2,800 | 2,600 | 2,900 | 3,100 | 3,100 | 3,500 | 3,900 | ||||
| Revenue/emp, $m | 0.21 | 0.21 | 0.25 | 0.25 | 0.24 | 0.27 | 0.29 | 0.31 | 0.30 | 0.27 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 414 | 515 | 634 | 705 | 635 | 787 | 905 | 958 | 1,053 | 1,052 | ||||
| Gross margin, % | 45.53 | 44.88 | 43.91 | 41.69 | 43.67 | 42.89 | 43.06 | 43.47 | 44.25 | 45.21 | |||||
| EBT | 45 | 58 | 80 | 69 | 74 | 112 | 166 | 159 | 153 | 144 | |||||
| EBT margin, % | 10.76 | 11.19 | 12.55 | 9.78 | 11.60 | 14.25 | 18.31 | 16.60 | 14.53 | 13.65 | |||||
| Net income | 32 | 31 | 60 | 52 | 55 | 84 | 121 | 116 | 112 | 102 | |||||
| Depreciation | 14 | 19 | 24 | 35 | 33 | 35 | 35 | 33 | 50 | 51 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 38.10 | 46.86 | 57.17 | 62.72 | 55.31 | 67.93 | 77.63 | 81.85 | 89.73 | 89.38 | ||||
| Earnings | 2.95 | 2.83 | 5.44 | 4.63 | 4.81 | 7.26 | 10.38 | 9.92 | 9.51 | 8.66 | |||||
| Cash flow | 4.69 | 5.93 | 5.68 | 8.67 | 8.09 | 14.03 | 8.81 | 14.15 | 13.23 | 14.55 | |||||
| Capex | (0.49) | (1.56) | (1.48) | (0.85) | (0.65) | (0.95) | (2.24) | (2.58) | (1.68) | (1.43) | |||||
| Free cash flow | 4.20 | 4.37 | 4.21 | 7.82 | 7.44 | 13.07 | 6.57 | 11.57 | 11.55 | 13.13 | |||||
| Book value | 26.16 | 30.25 | 33.79 | 38.01 | 43.28 | 48.85 | 56.25 | 66.35 | 73.10 | 84.18 | |||||
| Shares, m | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 21.02 | 34.74 | 14.97 | 22.70 | 29.31 | 31.79 | 17.29 | 27.66 | 36.28 | 32.91 | ||||
| P/S | 1.63 | 2.11 | 1.42 | 1.68 | 2.55 | 3.39 | 2.31 | 3.35 | 3.84 | 3.19 | |||||
| P/B | 2.37 | 3.26 | 2.41 | 2.77 | 3.26 | 4.72 | 3.19 | 4.14 | 4.72 | 3.39 | |||||
| EV/Sales | 1.61 | 2.43 | 1.63 | 2.01 | 2.81 | 3.62 | 2.45 | 3.36 | 4.03 | 3.43 | |||||
| EV/FCF | 14.61 | 26.02 | 22.15 | 16.12 | 20.90 | 18.79 | 28.91 | 23.76 | 31.30 | 23.34 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 51 | 65 | 63 | 97 | 93 | 162 | 103 | 166 | 155 | 171 | ||||
| Capex | (5) | (17) | (16) | (10) | (7) | (11) | (26) | (30) | (20) | (17) | |||||
| Free cash flow | 46 | 48 | 47 | 88 | 85 | 151 | 77 | 135 | 136 | 155 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 118 | 134 | 124 | 151 | 155 | 162 | 202 | 226 | 251 | 314 | ||||
| Total debt | 66 | 242 | 176 | 301 | 233 | 270 | 201 | 111 | 289 | 375 | |||||
| Net debt | (7) | 165 | 130 | 233 | 167 | 175 | 121 | 4 | 193 | 252 | |||||
| Shareholders’ equity | 284 | 333 | 375 | 427 | 497 | 566 | 656 | 776 | 858 | 991 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 7.24 | 5.05 | 8.13 | 6.25 | 5.91 | 8.16 | 10.60 | 9.98 | 8.56 | 6.49 | ||||
| ROIC | 10.52 | 7.74 | 10.98 | 8.32 | 7.64 | 9.84 | 13.78 | 13.27 | 10.19 | 7.91 | |||||
| ROE | 11.62 | 10.08 | 17.09 | 12.99 | 11.95 | 15.82 | 19.80 | 16.21 | 13.66 | 11.03 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Kadant Inc vs peers in Specialty Industrial Machinery (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CSW CSW Industrials, Inc. | $4.7B | 39.4× | 29.5× | +33.00% (above 0%: growing) | +25.51% (above 0%: growing) | +20.60% (above 0%: growing) | 44.88% | 22.77% | Compare |
| FELE Franklin Electric Co., Inc. | $4.5B | 28.6× | 21.7× | +6.03% (above 0%: growing) | +12.12% (above 0%: growing) | +122.96% (above 0%: growing) | 37.02% | 15.03% | Compare |
| MIR Mirion Technologies, Inc. | $3.9B | 158× | 104× | +19.69% (above 0%: growing) | −25.00% (below 0%: shrinking) | +1,236.11% (above 0%: growing) | 49.89% | 6.71% | Compare |
| MWA MUELLER WATER PRODUCTS | $3.4B | 15.2× | 17.8× | +4.10% (above 0%: growing) | +26.47% (above 0%: growing) | +70.92% (above 0%: growing) | 39.35% | 20.36% | Compare |
| SXI Standex International Corporation | $3.3B | 30.5× | 31.0× | +2.79% (above 0%: growing) | +38.21% (above 0%: growing) | +40.51% (above 0%: growing) | 42.69% | 16.45% | Compare |
| CXT Crane NXT, Co. | $3.1B | 22.5× | 11.3× | +21.96% (above 0%: growing) | +44.19% (above 0%: growing) | +32.44% (above 0%: growing) | 42.30% | 13.97% | Compare |
| KAI Kadant Inc | $3.1B | 28.4× | 29.4× | +22.57% (above 0%: growing) | +23.87% (above 0%: growing) | +15.90% (above 0%: growing) | 43.79% | 16.26% | |
| SMR NuScale Power Corporation | $2.6B | — (loss-making) | — (loss-making) | −99.07% (below 0%: shrinking) | n/m | −75.90% (below 0%: shrinking) | (202.67%) | (85,337.33%) | Compare |
| HLIO Helios Technologies, Inc | $2.2B | 31.3× | 38.4× | +9.13% (above 0%: growing) | +94.12% (above 0%: growing) | −2.29% (below 0%: shrinking) | 34.58% | 14.01% | Compare |
| Median of peers | $3.3B | 30.5× | 29.5× | +7.58% | +26.47% | +36.48% | 40.83% | 14.52% |
Kadant Inc (KAI) key facts
- Concern: Net income was $102.0 million, or $8.66 per share (basic), a net margin of 9.69%.
- Kadant Inc (KAI) is a Specialty Industrial Machinery company in the Industrials sector, listed on the New York Stock Exchange.
- Kadant Inc’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, roughly unchanged from fiscal 2024.
- As of October 16, 2026, KAI traded at $264.03, a market capitalization of $3.1 billion.
- At that price the stock trades at 28.4× trailing-twelve-month earnings and 2.7× sales; its P/E is higher than 54% of its own readings over the past ten years.
- Kadant Inc pays an annual dividend of $1.42 per share, a yield of 0.54%, with a payout ratio of 15.3%.
- Return on equity was 11.0% and debt-to-equity 0.49.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 4.70 (safe zone) for fiscal 2025.