NYSE · Financial Statements

Kadant Inc (KAI) Financial Statements

$262.39 NYSE: KAI Market Cap $3.10B

Kadant Inc most recently reported annual revenue of $1.1B, net profit of $102.0M. Revenue grew at an average annual rate of 10.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Kadant Inc: Revenue rose from $414.0M in 2016 to $1.1B in 2025, a change of +154.1% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 11.0% to 14.9%, a shift of +3.9 percentage points; the most recent year shows net profit of $102.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$414.0M$515.0M$634.0M$705.0M$635.0M$787.0M$905.0M$958.0M$1.1B$1.1B
Operating Expenses$369.0M$454.0M$545.0M$617.0M$554.0M$670.0M$733.0M$792.0M$882.0M$895.0M
Operating Profit$46.0M$61.0M$89.0M$88.0M$81.0M$117.0M$171.0M$166.0M$171.0M$157.0M
Operating Margin11.0%11.8%14.0%12.5%12.8%14.8%18.9%17.3%16.3%14.9%
Other Income$-1.0M$-4.0M$-9.0M$-19.0M$-7.0M$-5.0M$-6.0M$-7.0M$-18.0M$-14.0M
Interest$1.0M$4.0M$7.0M$13.0M$7.0M$5.0M$6.0M$8.0M$20.0M$16.0M
Depreciation$14.0M$19.0M$24.0M$32.0M$31.0M$34.0M$35.0M$33.0M$50.0M$51.0M
Profit Before Tax$45.0M$58.0M$80.0M$69.0M$74.0M$112.0M$166.0M$159.0M$153.0M$144.0M
Tax$27.1M$45.2M$23.2M$23.7M$24.4M$24.3M$26.5M$26.5M$26.5M$27.8M
Net Profit$32.0M$31.0M$60.0M$52.0M$55.0M$84.0M$121.0M$116.0M$112.0M$102.0M
EPS$2.88$2.75$5.30$4.54$4.77$7.21$10.35$9.90$9.48$8.65
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Mar '26Jun '26
Revenue$230.0M$244.0M$239.0M$249.0M$275.0M$272.0M$258.0M$239.0M$255.0M$272.0M$286.0M$282.0M
Operating Expenses$190.0M$201.0M$200.0M$212.0M$226.0M$223.0M$221.0M$204.0M$216.0M$229.0M$246.0M$241.0M
Operating Profit$40.0M$44.0M$39.0M$37.0M$48.0M$49.0M$37.0M$36.0M$39.0M$43.0M$40.0M$40.0M
Operating Margin17.5%17.8%16.4%14.8%17.6%18.0%14.3%14.9%15.4%15.7%13.9%14.3%
Interest$2.0M$2.0M$2.0M$5.0M$5.0M$6.0M$5.0M$4.0M$3.0M$17.0M$9.0M$4.0M
Profit Before Tax$38.0M$42.0M$38.0M$33.0M$44.0M$44.0M$33.0M$32.0M$36.0M$40.0M$35.0M$36.0M
Tax$25.7M$25.8M$27.5M$23.9M$27.5M$27.3M$26.5M$24.3M$26.9M$29.5M$30.0M$28.2M
Net Profit$28.0M$31.0M$27.0M$25.0M$31.0M$32.0M$24.0M$24.0M$26.0M$28.0M$24.0M$26.0M
EPS$2.40$2.63$2.33$2.10$2.66$2.68$2.04$2.04$2.22$2.35$2.04$2.16

Over the 10 years reported for Kadant Inc, borrowings increased from $66.0M in 2016 to $375.0M in 2025, cash stood at $123.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 2.14 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$471.0M$761.0M$726.0M$939.0M$928.0M$1.1B$1.1B$1.2B$1.4B$1.7B
Current Assets$207.0M$266.0M$241.0M$298.0M$290.0M$384.0M$415.0M$440.0M$442.0M$488.0M
Cash$74.0M$77.0M$46.0M$68.0M$67.0M$94.0M$80.0M$106.0M$95.0M$123.0M
Inventory$55.0M$85.0M$86.0M$103.0M$107.0M$134.0M$164.0M$153.0M$146.0M$207.0M
Receivables$69.0M$92.0M$108.0M$109.0M$99.0M$126.0M$145.0M$142.0M$161.0M$165.0M
Fixed Assets$48.0M$80.0M$80.0M$113.0M$110.0M$133.0M$141.0M$166.0M$170.0M$197.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$-15.0M$-29.0M$-23.0M$1.0M$1.0M$1.0M$0$0$0$0
Other Assets$151.0M$268.0M$258.0M$336.0M$352.0M$397.0M$385.0M$392.0M$479.0M$556.0M
Total Liabilities$186.0M$429.0M$351.0M$512.0M$431.0M$567.0M$494.0M$399.0M$572.0M$721.0M
Current Liabilities$24.0M$35.0M$36.0M$146.0M$135.0M$221.0M$213.0M$214.0M$192.0M$228.0M
Borrowings$66.0M$242.0M$176.0M$330.0M$260.0M$294.0M$223.0M$136.0M$323.0M$375.0M
Other Liabilities$120.0M$187.0M$175.0M$183.0M$171.0M$273.0M$271.0M$264.0M$249.0M$347.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$284.0M$333.0M$375.0M$426.0M$495.0M$564.0M$654.0M$774.0M$847.0M$980.0M

For Kadant Inc, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $154.0M; free cash flow was positive in 10 of 10 years; financing activities used $8.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$51.0M$65.0M$63.0M$97.0M$93.0M$162.0M$103.0M$166.0M$155.0M$171.0M
Investing Cash Flow$-68.0M$-239.0M$-33.0M$-197.0M$-22.0M$-167.0M$-58.0M$-63.0M$-341.0M$-222.0M
Financing Cash Flow$-4.0M$-4.0M$-5.0M$-3.0M$-3.0M$-4.0M$-6.0M$-4.0M$-7.0M$-8.0M
Net Cash Flow$6.0M$4.0M$-31.0M$22.0M$-2.0M$28.0M$-14.0M$27.0M$-11.0M$27.0M
Free Cash Flow$45.0M$48.0M$46.0M$87.0M$85.0M$150.0M$74.0M$134.0M$134.0M$154.0M

Valuation & Return Ratios

MetricValue
PEG Ratio8.98
EV / EBITDA12.17
FCF Yield5.04%
Quick Ratio1.63
Interest Coverage9.52
Return 1Y-8.80%
Return 3Y44.08%
Return 5Y77.85%

Kadant Inc (KAI) financials — frequently asked questions

What is Kadant Inc's annual revenue?

Kadant Inc (KAI) reported annual revenue of $1.1B in its most recent fiscal year.

What is Kadant Inc's net profit?

Kadant Inc (KAI) reported net profit of $102.0M in its most recent fiscal year.

What is KAI EV/EBITDA?

Kadant Inc's enterprise value to EBITDA (EV/EBITDA) ratio is 12.17.

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