KAI · Kadant Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.05B | $1.05B | $957.67M | $904.74M | $786.58M | $635.03M |
| Cost of Revenue | $576.52M | $587.24M | $541.37M | $515.18M | $449.21M | $357.72M |
| Gross Profit | $475.73M | $466.15M | $416.31M | $389.56M | $337.37M | $277.31M |
| R&D | $15.26M | $14.32M | $13.56M | $12.72M | $11.40M | $11.30M |
| SG&A | $301.86M | $279.92M | $236.26M | $224.41M | $208.79M | $181.91M |
| Total Operating Expenses | $894.96M | $882.13M | $791.91M | $733.46M | $669.87M | $553.90M |
| D&A | $51.22M | $49.59M | $33.30M | $34.94M | $34.30M | $31.33M |
| Operating Income | $157.29M | $171.25M | $165.76M | $171.28M | $116.71M | $81.12M |
| Interest Expense | $15.57M | $6.48M | $8.40M | $6.48M | $4.82M | $7.42M |
| Income Tax | $39.90M | $40.52M | $42.21M | $43.91M | $27.17M | $17.95M |
| Net Income | $101.97M | $111.60M | $116.07M | $120.93M | $84.04M | $55.20M |
| EPS - Basic | $8.66 | $9.51 | $9.92 | $10.38 | $7.26 | $4.81 |
| EPS - Diluted | $8.65 | $9.48 | $9.90 | $10.35 | $7.21 | $4.77 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $119.55M | $94.66M | $103.83M | $76.37M | $91.19M | $65.68M |
| Accounts Receivable | $158.57M | $142.46M | $133.93M | $130.30M | $117.21M | $91.54M |
| Inventory | $206.85M | $146.09M | $152.68M | $163.67M | $134.36M | $106.81M |
| Accounts Payable | $53.36M | $51.06M | $42.10M | $58.06M | $59.25M | $32.26M |
| Current Assets | $541.93M | $442.33M | $440.18M | $415.41M | $383.88M | $289.82M |
| Total Assets | $1.71B | $1.43B | $1.18B | $1.15B | $1.13B | $927.57M |
| Current Liabilities | $228.17M | $191.56M | $214.41M | $213.46M | $221.50M | $134.69M |
| Long-term Debt | $372.72M | $286.50M | $109.09M | $199.22M | $264.61M | $227.96M |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $979.81M | $847.13M | $773.70M | $653.85M | $563.94M | $495.36M |
| Retained Earnings | $945.64M | $859.69M | $763.13M | $660.64M | $551.85M | $479.40M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $171.33M | $155.26M | $165.54M | $102.63M | $162.42M | $92.88M |
| Investing Cash Flow | ($205.42M) | ($319.14M) | ($30.79M) | ($29.52M) | ($154.47M) | ($14.54M) |
| Financing Cash Flow | $54.01M | $159.91M | ($111.11M) | ($80.57M) | $22.81M | ($84.56M) |
| CapEx | $17.05M | $21.00M | $31.85M | $28.20M | $12.77M | $7.59M |
| Free Cash Flow | $154.28M | $134.26M | $133.69M | $74.43M | $149.65M | $85.29M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 45.2% | 44.3% | 43.5% | 43.1% | 42.9% | 43.7% |
| Operating margin | 14.9% | 16.3% | 17.3% | 18.9% | 14.8% | 12.8% |
| EBITDA margin | 19.8% | 21.0% | 20.8% | 22.8% | 19.2% | 17.7% |
| Net margin | 9.7% | 10.6% | 12.1% | 13.4% | 10.7% | 8.7% |
| Free cash flow margin | 14.7% | 12.7% | 14.0% | 8.2% | 19.0% | 13.4% |
| FCF / Net income | 1.51 | 1.20 | 1.15 | 0.62 | 1.78 | 1.55 |
| R&D / Revenue | 1.5% | 1.4% | 1.4% | 1.4% | 1.4% | 1.8% |
| SG&A / Revenue | 28.7% | 26.6% | 24.7% | 24.8% | 26.5% | 28.6% |
| Effective tax rate | 28.1% | 26.6% | 26.7% | 26.6% | 24.4% | 24.5% |
| Return on assets | 6.0% | 7.8% | 9.9% | 10.5% | 7.4% | 6.0% |
| Return on equity | 10.4% | 13.2% | 15.0% | 18.5% | 14.9% | 11.1% |
| Return on invested capital | 8.4% | 11.1% | 13.8% | 14.7% | 10.6% | 8.5% |
| Liquidity | ||||||
| Current ratio | 2.38 | 2.31 | 2.05 | 1.95 | 1.73 | 2.15 |
| Quick ratio | 1.47 | 1.55 | 1.34 | 1.18 | 1.13 | 1.36 |
| Cash ratio | 0.52 | 0.49 | 0.48 | 0.36 | 0.41 | 0.49 |
| Leverage | ||||||
| Debt / Equity | 0.38 | 0.34 | 0.14 | 0.30 | 0.47 | 0.46 |
| Debt / Assets | 0.22 | 0.20 | 0.09 | 0.17 | 0.23 | 0.25 |
| Debt / EBITDA | 1.79 | 1.30 | 0.55 | 0.97 | 1.75 | 2.03 |
| Interest coverage | 10.1x | 26.4x | 19.7x | 26.4x | 24.2x | 10.9x |
| Equity multiplier | 1.75 | 1.69 | 1.52 | 1.76 | 2.01 | 1.87 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.61 | 0.74 | 0.81 | 0.79 | 0.69 | 0.68 |
| Inventory turnover | 2.79 | 4.02 | 3.55 | 3.15 | 3.34 | 3.35 |
| Days sales outstanding | 55d | 49d | 51d | 53d | 54d | 53d |
| Days inventory outstanding | 131d | 91d | 103d | 116d | 109d | 109d |
| Days payable outstanding | 34d | 32d | 28d | 41d | 48d | 33d |
| Cash conversion cycle | 152d | 108d | 126d | 127d | 115d | 129d |
| Valuation | ||||||
| P / E | 33.1x | 36.4x | 28.3x | 17.2x | 32.0x | 29.6x |
| P / B | 3.4x | 4.8x | 4.2x | 3.2x | 4.8x | 3.3x |
| P / S | 3.2x | 3.9x | 3.4x | 2.3x | 3.4x | 2.6x |
| EV / EBITDA | 17.4x | 19.3x | 16.5x | 10.7x | 18.9x | 15.9x |
| Growth | ||||||
| Revenue growth (YoY) | -0.1% | 10.0% | 5.9% | 15.0% | 23.9% | -9.9% |
| Revenue CAGR (3y) | 5.2% | 10.2% | 14.7% | 8.7% | 23.8% | 7.2% |
| Revenue CAGR (5y) | 10.6% | 8.4% | 18.3% | 11.9% | 13.7% | 10.2% |
| Gross profit growth (YoY) | 2.1% | 12.0% | 6.9% | 15.5% | 21.7% | -5.6% |
| Operating income growth (YoY) | -8.2% | 3.3% | -3.2% | 46.8% | 43.9% | -7.6% |
| Net income growth (YoY) | -8.6% | -3.9% | -4.0% | 43.9% | 52.3% | 6.0% |
| EPS growth (YoY) | -8.8% | -4.2% | -4.3% | 43.6% | 51.2% | 5.1% |
| EPS CAGR (3y) | -5.8% | 9.6% | 27.6% | 31.6% | 10.8% | 20.2% |
| EPS CAGR (5y) | 12.6% | 15.9% | 13.3% | 30.4% | 20.1% | 9.0% |
| FCF growth (YoY) | 14.9% | 0.4% | 79.6% | -50.3% | 75.5% | -2.5% |
| FCF CAGR (5y) | 12.6% | 9.0% | 23.6% | 9.2% | 27.1% | 21.4% |
| Book value growth (YoY) | 15.7% | 9.5% | 18.3% | 15.9% | 13.8% | 16.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-03.
Business segments
$1.05B totalIndustrial Processing$409.49M · 38.9%
Flow Control$382.87M · 36.4%
Material Handling Systems$259.89M · 24.7%
Product / service
$1.05B totalPartsand Consumables$748.41M · 71.1%
Capital$303.84M · 28.9%
Geographic
$2.10B totalNorth America$655.93M · 31.2%
US$534.04M · 25.4%
Segment Geographical Groups Of Countries Other Countries$307.19M · 14.6%
Europe$241.70M · 11.5%
CA$104.17M · 4.9%
Asia$88.47M · 4.2%
Restof World$66.14M · 3.1%
CN$62.60M · 3.0%
DE$44.25M · 2.1%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Special Industry Machinery (No Metalworking Machinery)
Comparing KADANT INC against the 3 most active filers in the same SIC group.
Dividends
$1.38/share trailing 12 months · +6.2% YoY
| Ex-date | Per share |
|---|---|
| Apr 15, 2026 | $0.3600 |
| Jan 8, 2026 | $0.3400 |
| Oct 9, 2025 | $0.3400 |
| Jul 10, 2025 | $0.3400 |
| Apr 9, 2025 | $0.3400 |
| Jan 10, 2025 | $0.3200 |
| Oct 10, 2024 | $0.3200 |
| Jul 11, 2024 | $0.3200 |
| Apr 9, 2024 | $0.3200 |
| Jan 3, 2024 | $0.2900 |
| Oct 11, 2023 | $0.2900 |
| Jul 12, 2023 | $0.2900 |
| Apr 11, 2023 | $0.2900 |
| Jan 4, 2023 | $0.2600 |
| Oct 12, 2022 | $0.2600 |
| Jul 13, 2022 | $0.2600 |
| Apr 12, 2022 | $0.2600 |
| Jan 5, 2022 | $0.2500 |
| Oct 13, 2021 | $0.2500 |
| Jul 14, 2021 | $0.2500 |
| Apr 13, 2021 | $0.2500 |
| Jan 6, 2021 | $0.2400 |
| Oct 14, 2020 | $0.2400 |
| Jul 8, 2020 | $0.2400 |