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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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

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.45

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	—	—	—	—	—	2	—	—	—	—	—

Insider Ownership 1.17%

Capital & Financial Ratios $m

Market Cap 3,060.00

Revenue 1,152.15

Net Income 109.72

Free Cash Flow 160.51

Net Debt 373.01

Current Ratio 2.59

Debt/Equity 0.49

P/E ratio 28.39

Fwd P/E 29.40

P/S ratio 2.71

P/B ratio 3.02

Past 5Y EPS Growth 12.64%

This Y EPS Growth 35.64%

Next Y EPS Growth 11.76%

Next Y revenue growth 13.95%

Next 5Y EPS Growth 4.08%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 54.37%

10-year low 10-year high

P/S against its own 10 years 59.09%

10-year low 10-year high

P/B against its own 10 years 33.58%

10-year low 10-year high

EV/Sales against its own 10 years 63.03%

10-year low 10-year high

EV/FCF against its own 10 years 43.05%

10-year low 10-year high

Dividends

Payout Ratio 0.15

Annual Dividend Rate 1.42

Annual Dividend Yield 0.54%

	total	individual payouts
2026	1.42	0.34 0.36 0.36 0.36
2025	1.34	0.32 0.34 0.34 0.34
2024	1.25	0.29 0.32 0.32 0.32
2023	1.13	0.26 0.29 0.29 0.29
2022	1.03	0.25 0.26 0.26 0.26
2021	0.99	0.24 0.25 0.25 0.25
2020	0.95	0.23 0.24 0.24 0.24
2019	0.91	0.22 0.23 0.23 0.23
2018	0.87	0.21 0.22 0.22 0.22
2017	0.82	0.19 0.21 0.21 0.21
2016	0.74	0.17 0.19 0.19 0.19

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	106	96	123	138
Receivables	134	142	159	169
Inventory	153	146	207	216
Other	47	58	54	58
	440	442	542	581

	2023	2024	2025	Q'26
Payables	42	51	53	56
ST’ Debt	3	3	3	3
Other	119	83	112	106
	214	192	228	224

Compound Annual Growth %

	10y	5y	3y
Sales	10.43%	10.63%	5.16%
Cash Flow	15.55%	13.03%	18.63%
Earnings	11.48%	13.06%	(5.53%)
Book Value	13.97%	14.81%	14.77%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	282	313	—	—	—
’25	239	255	272	286	1,052
’24	249	275	272	258	1,053
’23	230	245	244	239	958
’22	226	222	225	232	905
’21	172	196	200	219	787
’20	159	153	155	168	635

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	22	54	—	—	—
’25	23	40	47	61	171
’24	23	28	52	52	155
’23	37	22	47	59	166
’22	24	19	25	35	103
’21	19	44	38	61	162
’20	6	22	24	40	93

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	19	43	—	—	—
’25	19	37	44	55	155
’24	18	23	48	46	136
’23	32	14	39	51	135
’22	22	12	19	23	77
’21	17	42	35	58	151
’20	3	21	23	38	85

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.16	2.75	—	—	—
’25	2.04	2.22	2.35	2.04	8.65
’24	2.10	2.66	2.68	2.04	9.48
’23	2.40	2.54	2.63	2.33	9.90
’22	3.53	2.24	2.35	2.23	10.35
’21	1.43	1.96	1.75	2.07	7.21
’20	1.09	1.00	1.28	1.40	4.77

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
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
	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.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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%

All 76 Specialty Industrial Machinery stocks →

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.