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%
Market cap
$3.1B
P/E
28.4×
Fwd P/E
29.4×
Dividend yield
0.54%
F-score
5/9
Altman Z
4.70
Beneish M
−2.59
Dividend safety
92/100
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
21.02 34.74 14.97 22.70 29.31 31.79 17.29 27.66 36.28 32.91
Piotroski F-Score
4 3 6 4 6 5 7 7 5 5
P/S ratio
1.63 2.11 1.42 1.68 2.55 3.39 2.31 3.35 3.84 3.19
Altman Z-Score
4.60 3.33 3.78 3.29 4.15 4.72 4.81 7.35 6.43 4.70
Altman Z″-Score (non-manufacturers)
6.14 3.98 4.83 4.07 4.58 4.27 5.42 6.36 5.49 5.06
P/FCF ratio
14.77 22.58 19.37 13.47 18.95 17.63 27.33 23.72 29.88 21.71
Beneish M-Score
(2.68) (2.45) (2.27) (2.69) (2.79) (2.57) (2.25) (2.58) (2.62) (2.59)
P/Operating CF
41.43 33.02 86.54 30.16 40.18 43.74 59.48 54.20 78.05 55.23
Dividend Safety Score
— — — — — — — — — 92
P/B ratio
2.37 3.26 2.41 2.77 3.26 4.72 3.19 4.14 4.72 3.39
Price to Tangible BV
8.41 0.00 296.09 0.00 0.00 0.00 22.14 14.28 40.72 39.44
EV/Sales
1.61 2.43 1.63 2.01 2.81 3.62 2.45 3.36 4.03 3.43
EV/EBITDA
10.94 15.43 9.21 11.56 15.62 18.73 10.73 16.15 19.21 17.30
EV/Operating CF
13.07 19.17 16.40 14.54 19.22 17.51 21.56 19.42 27.32 21.06
EV/FCF
14.61 26.02 22.15 16.12 20.90 18.79 28.91 23.76 31.30 23.34
Quick Ratio
1.60 1.28 1.20 1.21 1.17 0.95 0.98 1.12 1.24 1.23
Current Ratio
2.33 2.01 1.96 2.04 2.15 1.73 1.95 2.05 2.31 2.38
Net Debt/EBITDA
(0.12) 2.04 1.16 1.90 1.46 1.16 0.59 0.02 0.87 1.21
Debt/Assets
14.11% 31.81% 24.23% 32.04% 25.17% 23.80% 17.49% 9.43% 20.17% 21.87%
Debt/Equity
0.23 0.73 0.47 0.70 0.47 0.48 0.31 0.14 0.34 0.38
Asset Turnover
0.93 0.84 0.85 0.85 0.68 0.76 0.79 0.82 0.81 0.67
Operating CF/Net income
1.59 2.10 1.04 1.87 1.68 1.93 0.85 1.43 1.39 1.68
Capex/Depreciation
(0.38) (0.89) (0.69) (0.28) (0.22) (0.31) (0.75) (0.91) (0.40) (0.33)
Interest Coverage
36.07 17.37 12.60 6.89 10.93 24.21 26.44 19.74 8.55 10.10
ROE
11.62% 10.08% 17.09% 12.99% 11.95% 15.82% 19.80% 16.21% 13.66% 11.03%
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%
Return on Tangible Assets
19.31% 14.56% 29.62% 21.93% 23.02% 31.08% 37.70% 31.69% 26.50% 19.98%
Average Days of Receivables
60.84 65.20 62.41 56.41 52.62 54.39 52.57 51.04 49.36 55.00
Research and Development Expense of Revenue
1.78% 1.86% 1.66% 1.54% 1.78% 1.45% 1.41% 1.42% 1.36% 1.45%
Selling, General and Administrative Expense of Revenue
32.56% 31.02% 27.99% 27.32% 28.65% 26.54% 24.80% 24.67% 26.57% 28.69%
Intangible Assets out of Total Assets
0.43 0.53 0.51 0.54 0.55 0.53 0.49 0.47 0.53 0.53
Share Based Compensation of Revenue
1.22% 1.13% 1.11% 0.97% 1.07% 1.08% 0.95% 1.02% 1.01% 1.07%
Graham Net Nets
0.03 (0.15) (0.11) (0.18) (0.09) (0.07) (0.04) 0.01 (0.03) (0.05)
Graham Number
41.67 43.97 64.31 63.00 68.44 89.27 114.62 121.69 125.07 128.07
Earnings Yield
4.76% 2.88% 6.68% 4.40% 3.41% 3.15% 5.78% 3.62% 2.76% 3.04%
Free Cash Flow Yield
6.77% 4.43% 5.16% 7.42% 5.28% 5.67% 3.66% 4.22% 3.35% 4.61%
Revenue per Share
38.10 46.86 57.17 62.72 55.31 67.93 77.63 81.85 89.73 89.38
Operating CF per Share
4.69 5.93 5.68 8.67 8.09 14.03 8.81 14.15 13.23 14.55
Capex per Share
(0.49) (1.56) (1.48) (0.85) (0.65) (0.95) (2.24) (2.58) (1.68) (1.43)
Free Cash Flow per Share
4.20 4.37 4.21 7.82 7.44 13.07 6.57 11.57 11.55 13.13
Cash per Share
6.77 6.99 4.16 6.08 5.80 8.13 6.84 9.10 8.17 10.42
Shareholders Equity per Share
26.16 30.25 33.79 38.01 43.28 48.85 56.25 66.35 73.10 84.18
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
26.16 30.25 33.79 38.01 43.28 48.85 56.25 66.35 73.10 84.18
Free Cash Flow
45.63 48.01 46.62 87.85 85.43 151.39 76.54 135.33 135.55 154.53
Working Capital
118.44 133.79 123.77 151.41 155.13 162.39 201.95 225.77 250.76 313.76
Capital Expenditures
(5.38) (17.15) (16.36) (9.56) (7.45) (11.03) (26.09) (30.21) (19.72) (16.80)
Net Current Asset Value
20.94 (162.57) (98.42) (214.73) (140.85) (182.71) (78.90) 40.76 (129.89) (179.18)
EV/EBIT
14.29 20.28 11.66 16.13 22.01 24.37 12.92 19.40 24.77 22.93
Capex to Sales
0.01 0.03 0.03 0.01 0.01 0.01 0.03 0.03 0.02 0.02
Price to Operating Income
14.45 17.59 10.19 13.48 19.95 22.87 12.21 19.37 23.65 21.33
Other line items
Depreciation/Fixed assets
0.30 0.24 0.29 0.40 0.39 0.33 0.29 0.24 0.29 0.26
Cash ROIC
10.75% 7.37% 7.82% 11.03% 10.72% 16.29% 8.17% 13.62% 10.91% 10.38%
Accounts Receivable Turnover
5.92 6.40 6.33 6.49 6.34 7.54 7.31 7.25 7.62 6.99
Accounts Payable Turnover
9.33 9.56 9.99 10.07 9.16 9.82 8.78 10.81 12.61 11.04
Inventory Turnover
4.04 4.06 4.15 4.35 3.41 3.73 3.46 3.42 3.93 3.27
Average Days of Payables
38.72 45.59 36.67 40.73 32.92 48.14 41.13 28.39 31.74 33.78
Days of Inventory on Hand
88.91 109.20 88.68 91.24 108.99 109.17 115.96 102.94 90.80 130.96
Average Receivables
69.97 80.51 100.18 108.63 100.22 104.37 123.75 132.11 138.20 150.51
Average Payables
24.17 29.70 35.59 40.79 39.06 45.76 58.66 50.08 46.58 52.21
Average Inventory
55.85 69.94 85.65 94.54 104.76 120.59 149.01 158.17 149.38 176.47
Average Assets
443.09 615.89 743.42 832.57 933.48 1,029.89 1,141.05 1,162.77 1,303.01 1,571.26
Average Common Equity
276.11 308.39 353.54 400.83 461.99 531.26 610.59 715.91 817.18 924.60

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Columns are period end dates