NASDAQ : KEQU
Kewaunee Scientific Corporation — Financial statements
Consumer Discretionary · Furnishings, Fixtures & Appliances · United States
Last price 33.51 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 97.02M
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Financial statements
Kewaunee Scientific Corporation (KEQU) reported revenue of 277.21M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 277.21M | 282.00M | 240.47M | 203.75M | 219.49M | 168.87M |
| Cost of Revenue | 198.07M | 201.56M | 171.62M | 151.70M | 183.91M | 144.65M |
| Gross Profit | 79.15M | 80.44M | 68.86M | 52.05M | 35.59M | 24.22M |
| Selling, General & Admin | 64.09M | 63.73M | 51.10M | 33.93M | 30.30M | 26.45M |
| Operating Expenses | 64.09M | 63.73M | 51.10M | 33.93M | 30.30M | 26.45M |
| Operating Income | 15.06M | 16.71M | 17.76M | 18.12M | 5.29M | -2.23M |
| Interest Expense | -3.43M | -3.86M | -3.21M | -1.80M | -1.73M | -632.00K |
| Other Non Operating Income (Expenses) | 740.00K | 880.00K | 240.00K | 814.00K | 939.00K | 400.00K |
| EBT Excluding Unusual Items | 12.37M | 13.73M | 14.79M | 17.14M | 4.50M | -2.46M |
| Merger & Restructuring Charges | -28.00K | |||||
| Other Unusual Items | -4.02M | |||||
| Pretax Income | 12.37M | 13.73M | 14.79M | 13.12M | 4.50M | -2.48M |
| Income Tax Expense | 3.22M | 3.27M | 3.20M | -5.94M | 3.14M | 3.52M |
| Earnings From Continuing Operations | 9.15M | 10.46M | 11.58M | 19.06M | 1.36M | -6.00M |
| Minority Interest in Earnings | -918.00K | -847.00K | -178.00K | -304.00K | -621.00K | -123.00K |
| Net Income | 8.23M | 9.62M | 11.40M | 18.75M | 738.00K | -6.13M |
| Net Income to Common | 8.23M | 9.62M | 11.40M | 18.75M | 738.00K | -6.13M |
| Shares Outstanding (Basic) | 2.87M | 2.86M | 2.86M | 2.88M | 2.82M | 2.79M |
| Shares Outstanding (Diluted) | 2.97M | 2.98M | 2.98M | 2.94M | 2.90M | 2.79M |
| EPS (Basic) | 2.87 | 3.36 | 3.98 | 6.51 | 0.26 | -2.20 |
| EPS (Diluted) | 2.76 | 3.22 | 3.83 | 6.38 | 0.25 | -2.20 |
| Free Cash Flow | 10.88M | 14.70M | 12.62M | 15.19M | -7.94M | -9.79M |
| Free Cash Flow Per Share | 3.66 | 4.93 | 4.24 | 5.17 | -2.73 | -3.52 |
| Gross Margin | 28.55% | 28.52% | 28.63% | 25.55% | 16.21% | 14.34% |
| Operating Margin | 5.43% | 5.93% | 7.38% | 8.89% | 2.41% | -1.32% |
| Profit Margin | 2.97% | 3.41% | 4.74% | 9.20% | 0.34% | -3.63% |
| Free Cash Flow Margin | 3.92% | 5.21% | 5.25% | 7.46% | -3.62% | -5.80% |
| EBITDA | 21.39M | 23.00M | 22.24M | 21.25M | 8.16M | 544.00K |
| EBITDA Margin | 7.71% | 8.15% | 9.25% | 10.43% | 3.72% | 0.32% |
| D&A For EBITDA | 6.32M | 6.28M | 4.48M | 3.12M | 2.87M | 2.77M |
| EBIT | 15.06M | 16.71M | 17.76M | 18.12M | 5.29M | -2.23M |
| EBIT Margin | 5.43% | 5.93% | 7.38% | 8.89% | 2.41% | -1.32% |
| Effective Tax Rate | 26.06% | 23.80% | 21.66% | 69.79% | ||
| Advertising Expenses | 1.50M | 912.00K | 336.00K | 226.00K | 175.00K |
Balance sheet
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 8.25M | 9.95M | 14.94M | 23.27M | 8.08M | 4.43M |
| Cash & Short-Term Investments | 8.25M | 9.95M | 14.94M | 23.27M | 8.08M | 4.43M |
| Accounts Receivable | 58.20M | 58.74M | 62.38M | 45.06M | 46.08M | 41.25M |
| Receivables | 58.20M | 58.74M | 62.38M | 45.06M | 46.08M | 54.71M |
| Inventory | 29.79M | 30.53M | 32.85M | 20.68M | 21.89M | 23.80M |
| Prepaid Expenses | 5.71M | 4.51M | 5.97M | 5.14M | 6.13M | 6.16M |
| Restricted Cash | 2.02M | 1.67M | 2.22M | 2.67M | 5.74M | 2.46M |
| Total Current Assets | 103.95M | 105.40M | 118.36M | 96.82M | 87.92M | 91.56M |
| Property, Plant & Equipment | 32.21M | 33.16M | 36.14M | 25.10M | 25.57M | 22.69M |
| Goodwill | 12.49M | 12.49M | 12.49M | |||
| Other Intangible Assets | 15.91M | 16.29M | 17.83M | |||
| Long-Term Accounts Receivable | 312.00K | 1.19M | 1.29M | |||
| Long-Term Deferred Tax Assets | 3.64M | 3.83M | 3.99M | 7.40M | ||
| Other Long-Term Assets | 7.60M | 7.15M | 5.84M | 5.13M | 4.21M | 3.22M |
| Total Assets | 175.80M | 178.31M | 194.65M | 134.77M | 118.90M | 118.77M |
| Accounts Payable | 21.56M | 22.45M | 27.03M | 23.26M | 23.60M | 27.32M |
| Accrued Expenses | 9.91M | 12.06M | 12.56M | 7.10M | 6.08M | 7.84M |
| Short-Term Debt | 627.00K | 74.00K | 986.00K | 3.10M | 3.59M | 1.59M |
| Current Portion of Long-Term Debt | 5.78M | 5.76M | 3.69M | 713.00K | 642.00K | 575.00K |
| Current Portion of Leases | 4.17M | 3.85M | 3.37M | 2.23M | 2.05M | 1.45M |
| Current Unearned Revenue | 5.18M | 4.15M | 6.07M | 4.37M | 4.10M | 3.53M |
| Total Current Liabilities | 47.23M | 48.35M | 53.71M | 40.78M | 40.05M | 42.29M |
| Long-Term Debt | 39.11M | 40.57M | 60.58M | 27.42M | 28.13M | 28.77M |
| Long-Term Leases | 5.78M | 6.57M | 8.95M | 5.67M | 7.28M | 6.41M |
| Pension & Post-Retirement Benefits | 5.17M | 4.81M | 3.71M | 3.01M | 3.55M | 4.16M |
| Long-Term Deferred Tax Liabilities | 995.00K | 913.00K | 1.10M | 1.22M | 943.00K | 428.00K |
| Other Long-Term Liabilities | 291.00K | 290.00K | 364.00K | 462.00K | 455.00K | 531.00K |
| Total Liabilities | 98.58M | 101.50M | 128.41M | 78.56M | 80.41M | 82.59M |
| Common Stock | 7.53M | 7.42M | 7.35M | 7.27M | 7.08M | 6.98M |
| Additional Paid-In Capital | 6.03M | 7.02M | 5.63M | 5.41M | 5.06M | 4.48M |
| Retained Earnings | 70.24M | 68.54M | 58.92M | 47.51M | 28.76M | 28.02M |
| Treasury Stock | -4.18M | -3.65M | -3.65M | -2.05M | -53.00K | -53.00K |
| Comprehensive Income & Other | -4.62M | -4.61M | -3.80M | -3.38M | -3.44M | -3.74M |
| Total Common Equity | 75.00M | 74.72M | 64.46M | 54.76M | 37.41M | 35.69M |
| Minority Interest | 2.21M | 2.09M | 1.79M | 1.45M | 1.08M | 486.00K |
| Shareholders' Equity | 77.22M | 76.81M | 66.25M | 56.21M | 38.48M | 36.18M |
| Total Liabilities & Equity | 175.80M | 178.31M | 194.65M | 134.77M | 118.90M | 118.77M |
| Total Debt | 55.47M | 56.82M | 77.58M | 39.13M | 41.70M | 38.79M |
| Net Cash (Debt) | -47.23M | -46.87M | -62.63M | -15.87M | -33.62M | -34.36M |
| Net Cash Per Share | -15.89 | -15.71 | -21.02 | -5.40 | -11.58 | -12.33 |
| Filing Date Shares Outstanding | 2.90M | 2.87M | 2.84M | 2.84M | 2.88M | 2.79M |
| Total Common Shares Outstanding | 2.90M | 2.87M | 2.84M | 2.84M | 2.83M | 2.79M |
| Working Capital | 56.72M | 57.05M | 64.65M | 56.04M | 47.87M | 49.27M |
| Book Value Per Share | 25.91 | 26.07 | 22.70 | 19.29 | 13.22 | 12.79 |
| Tangible Book Value | 46.61M | 45.94M | 34.14M | 54.76M | 37.41M | 35.69M |
| Tangible Book Value Per Share | 16.10 | 16.03 | 12.03 | 19.29 | 13.22 | 12.79 |
| Land | 41.00K | 41.00K | 41.00K | 41.00K | 41.00K | |
| Buildings | 19.09M | 18.24M | 17.28M | 17.15M | 17.16M | |
| Machinery | 55.25M | 53.70M | 46.91M | 44.18M | 43.12M | |
| Order Backlog | 165.90M | 214.60M | 155.60M | 147.90M | 173.90M |
Cash flow statement
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 8.23M | 9.62M | 11.40M | 18.75M | 738.00K | -6.13M |
| Depreciation & Amortization | 6.32M | 6.28M | 4.48M | 3.12M | 2.87M | 2.77M |
| Other Amortization | 529.00K | 567.00K | 497.00K | |||
| Stock-Based Compensation | 3.50M | 2.13M | 1.44M | 1.03M | 886.00K | 729.00K |
| Provision & Write-off of Bad Debts | 391.00K | 343.00K | 68.00K | 276.00K | 120.00K | 92.00K |
| Other Operating Activities | -1.81M | -108.00K | -1.09M | -6.82M | 1.14M | 243.00K |
| Change in Accounts Receivable | -1.69M | 3.30M | -6.74M | 741.00K | -4.95M | -8.46M |
| Change in Inventory | 5.14M | 2.32M | 3.35M | 1.21M | 1.91M | -7.28M |
| Change in Accounts Payable | -6.67M | -5.15M | 583.00K | 691.00K | -5.56M | 11.89M |
| Change in Unearned Revenue | 201.00K | -1.92M | 765.00K | 277.00K | 568.00K | 406.00K |
| Change in Income Taxes | 955.00K | |||||
| Change in Other Net Operating Assets | 674.00K | 1.25M | 20.00K | 286.00K | -1.51M | -3.10M |
| Operating Cash Flow | 14.82M | 18.63M | 14.78M | 19.56M | -3.79M | -7.88M |
| Capital Expenditures | -3.94M | -3.94M | -2.17M | -4.37M | -4.15M | -1.91M |
| Cash Acquisitions | -28.73M | |||||
| Investing Cash Flow | -3.94M | -3.94M | -30.90M | -4.37M | -4.15M | -1.91M |
| Short-Term Debt Issued | 16.38M | 73.48M | 148.06M | 60.60M | 59.36M | |
| Long-Term Debt Issued | 10.23M | 15.00M | 202.00K | 13.63M | 16.27M | |
| Total Debt Issued | 43.03M | 26.61M | 88.48M | 148.26M | 74.23M | 75.63M |
| Short-Term Debt Repaid | -17.30M | -75.59M | -148.55M | -58.60M | -64.60M | |
| Long-Term Debt Repaid | -27.63M | -2.12M | -730.00K | -696.00K | ||
| Total Debt Repaid | -60.82M | -44.93M | -77.72M | -149.28M | -59.30M | -64.60M |
| Net Debt Issued (Repaid) | -17.79M | -18.32M | 10.77M | -1.02M | 14.93M | 11.03M |
| Repurchase of Common Stock | -2.23M | -671.00K | -1.60M | -2.00M | ||
| Other Financing Activities | -339.00K | -339.00K | -1.76M | |||
| Financing Cash Flow | -20.36M | -19.33M | 7.41M | -3.01M | 14.93M | 11.03M |
| Foreign Exchange Rate Adjustments | -698.00K | -917.00K | -67.00K | -54.00K | -72.00K | -75.00K |
| Net Cash Flow | -10.18M | -5.55M | -8.77M | 12.12M | 6.92M | 1.16M |
| Free Cash Flow | 10.88M | 14.70M | 12.62M | 15.19M | -7.94M | -9.79M |
| Free Cash Flow Margin | 3.92% | 5.21% | 5.25% | 7.46% | -3.62% | -5.80% |
| Free Cash Flow Per Share | 3.66 | 4.93 | 4.24 | 5.17 | -2.73 | -3.52 |
| Levered Free Cash Flow | 9.24M | 14.05M | -5.60M | 17.24M | 4.21M | -19.38M |
| Unlevered Free Cash Flow | 10.85M | 15.90M | -3.81M | 18.36M | 5.29M | -18.98M |
| Cash Interest Paid | 3.38M | 3.33M | 3.37M | 1.80M | 1.86M | 480.00K |
| Cash Income Tax Paid | 3.56M | 3.56M | 3.97M | 6.24M | 3.16M | 1.01M |
| Change in Working Capital | -2.35M | -194.00K | -2.02M | 3.21M | -9.54M | -5.59M |
Ratios
Fiscal year May - April; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 96.82M | 106.08M | 90.40M | 102.64M | 45.99M | 39.78M |
| Enterprise Value | 144.05M | 159.13M | 162.16M | 122.22M | 78.30M | 52.67M |
| Last Close Price | 33.44 | 37.01 | 31.67 | 35.70 | 16.25 | 14.26 |
| PE Ratio | 12.10 | 11.03 | 7.93 | 5.47 | 62.32 | |
| Forward PE | 7.54 | 7.54 | 7.54 | 7.54 | 7.54 | |
| PS Ratio | 0.35 | 0.38 | 0.38 | 0.50 | 0.21 | 0.24 |
| PB Ratio | 1.29 | 1.38 | 1.36 | 1.83 | 1.20 | 1.10 |
| P/TBV Ratio | 2.08 | 2.31 | 2.65 | 1.87 | 1.23 | 1.11 |
| P/FCF Ratio | 8.90 | 7.22 | 7.17 | 6.76 | ||
| P/OCF Ratio | 6.53 | 5.69 | 6.12 | 5.25 | ||
| EV/Sales Ratio | 0.52 | 0.56 | 0.67 | 0.60 | 0.36 | 0.31 |
| EV/EBITDA Ratio | 6.74 | 6.92 | 7.29 | 5.75 | 9.60 | 96.82 |
| EV/EBIT Ratio | 9.56 | 9.52 | 9.13 | 6.74 | 14.79 | |
| EV/FCF Ratio | 13.24 | 10.83 | 12.85 | 8.05 | ||
| Debt / Equity Ratio | 0.72 | 0.74 | 1.17 | 0.70 | 1.08 | 1.07 |
| Debt / EBITDA Ratio | 2.00 | 1.95 | 2.91 | 1.58 | 3.62 | 10.74 |
| Debt / FCF Ratio | 5.10 | 3.87 | 6.15 | 2.58 | ||
| Net Debt / Equity Ratio | 0.61 | 0.61 | 0.94 | 0.28 | 0.87 | 0.95 |
| Net Debt / EBITDA Ratio | 2.21 | 2.04 | 2.82 | 0.75 | 4.12 | 63.16 |
| Net Debt / FCF Ratio | 4.34 | 3.19 | 4.96 | 1.04 | -4.24 | -3.51 |
| Asset Turnover | 1.50 | 1.51 | 1.46 | 1.61 | 1.85 | 1.62 |
| Inventory Turnover | 6.12 | 6.36 | 6.41 | 7.13 | 8.05 | 7.18 |
| Quick Ratio | 1.41 | 1.42 | 1.44 | 1.68 | 1.35 | 1.08 |
| Current Ratio | 2.20 | 2.18 | 2.20 | 2.37 | 2.19 | 2.17 |
| Return on Equity (ROE) | 12.53% | 14.63% | 18.92% | 40.25% | 3.64% | -15.46% |
| Return on Assets (ROA) | 5.10% | 5.60% | 6.74% | 8.93% | 2.78% | -1.34% |
| Return on Invested Capital (ROIC) | 8.98% | 10.09% | 13.85% | 25.14% | 2.24% | -3.62% |
| Return on Capital Employed (ROCE) | 11.70% | 12.90% | 12.60% | 19.30% | 6.70% | -2.90% |
| Earnings Yield | 8.27% | 9.07% | 12.62% | 18.27% | 1.60% | -15.40% |
| FCF Yield | 11.24% | 13.85% | 13.96% | 14.80% | -17.26% | -24.62% |
| Buyback Yield / Dilution | 0.18% | -0.13% | -1.40% | -1.24% | -4.16% | -0.94% |
| Total Shareholder Return | 0.18% | -0.13% | -1.40% | -1.24% | -4.16% | -0.94% |