NYSE : KAI
Kadant Inc. — Financial statements
Industrials · Specialty Industrial Machinery · United States
Last price 271.33 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.20B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Kadant Inc. (KAI) reported revenue of 1.15B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.15B | 1.05B | 1.05B | 957.67M | 904.74M | 786.58M |
| Cost of Revenue | 636.01M | 575.02M | 582.05M | 541.37M | 515.40M | 444.93M |
| Gross Profit | 516.14M | 477.23M | 471.34M | 416.31M | 389.34M | 341.65M |
| Selling, General & Admin | 316.41M | 297.42M | 277.06M | 234.84M | 223.78M | 205.19M |
| Research & Development | 16.56M | 15.26M | 14.32M | 13.56M | 12.72M | 11.40M |
| Other Operating Expenses | -841.00K | |||||
| Operating Expenses | 332.96M | 312.69M | 291.38M | 247.56M | 236.51M | 216.60M |
| Operating Income | 183.18M | 164.54M | 179.96M | 168.75M | 152.83M | 125.05M |
| Interest Expense | -18.21M | -15.57M | -20.03M | -8.40M | -6.48M | -4.82M |
| Interest & Investment Income | 1.82M | 1.93M | 1.92M | 1.76M | 904.00K | 267.00K |
| Currency Exchange Gain (Loss) | -658.00K | |||||
| Other Non Operating Income (Expenses) | -87.00K | -75.00K | -57.00K | -83.00K | -26.00K | -42.00K |
| EBT Excluding Unusual Items | 166.70M | 150.83M | 161.13M | 162.02M | 147.23M | 120.46M |
| Merger & Restructuring Charges | -9.85M | -7.24M | -8.06M | -3.01M | -1.78M | -8.92M |
| Gain (Loss) on Sale of Assets | 20.19M | 515.00K | ||||
| Pretax Income | 156.85M | 143.59M | 153.07M | 159.02M | 165.64M | 112.05M |
| Income Tax Expense | 45.58M | 39.90M | 40.52M | 42.21M | 43.91M | 27.17M |
| Earnings From Continuing Operations | 111.27M | 103.68M | 112.55M | 116.81M | 121.73M | 84.88M |
| Net Income to Company | 111.27M | 103.68M | 112.55M | 116.81M | 121.73M | 84.88M |
| Minority Interest in Earnings | -1.55M | -1.71M | -956.00K | -737.00K | -802.00K | -838.00K |
| Net Income | 109.72M | 101.97M | 111.60M | 116.07M | 120.93M | 84.04M |
| Net Income to Common | 109.72M | 101.97M | 111.60M | 116.07M | 120.93M | 84.04M |
| Shares Outstanding (Basic) | 11.79M | 11.77M | 11.74M | 11.70M | 11.65M | 11.58M |
| Shares Outstanding (Diluted) | 11.81M | 11.79M | 11.77M | 11.73M | 11.69M | 11.65M |
| EPS (Basic) | 9.31 | 8.66 | 9.51 | 9.92 | 10.38 | 7.26 |
| EPS (Diluted) | 9.30 | 8.65 | 9.48 | 9.90 | 10.35 | 7.21 |
| Free Cash Flow | 159.99M | 154.28M | 134.26M | 133.69M | 74.43M | 149.65M |
| Free Cash Flow Per Share | 13.55 | 13.08 | 11.41 | 11.40 | 6.37 | 12.84 |
| Dividend Per Share | 1.40 | 1.36 | 1.28 | 1.16 | 1.04 | 1.00 |
| Gross Margin | 44.80% | 45.35% | 44.75% | 43.47% | 43.03% | 43.44% |
| Operating Margin | 15.90% | 15.64% | 17.08% | 17.62% | 16.89% | 15.90% |
| Profit Margin | 9.52% | 9.69% | 10.59% | 12.12% | 13.37% | 10.69% |
| Free Cash Flow Margin | 13.89% | 14.66% | 12.75% | 13.96% | 8.23% | 19.02% |
| EBITDA | 240.51M | 215.76M | 229.55M | 202.04M | 187.77M | 159.35M |
| EBITDA Margin | 20.88% | 20.51% | 21.79% | 21.10% | 20.75% | 20.26% |
| D&A For EBITDA | 57.33M | 51.22M | 49.59M | 33.30M | 34.94M | 34.30M |
| EBIT | 183.18M | 164.54M | 179.96M | 168.75M | 152.83M | 125.05M |
| EBIT Margin | 15.90% | 15.64% | 17.08% | 17.62% | 16.89% | 15.90% |
| Effective Tax Rate | 29.06% | 27.79% | 26.47% | 26.54% | 26.51% | 24.25% |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 134.53M | 119.55M | 94.66M | 103.83M | 76.37M | 91.19M |
| Trading Asset Securities | 131.00K | |||||
| Cash & Short-Term Investments | 134.53M | 119.55M | 94.66M | 103.83M | 76.50M | 91.19M |
| Accounts Receivable | 177.72M | 165.17M | 160.87M | 142.29M | 145.19M | 125.83M |
| Other Receivables | 15.41M | |||||
| Receivables | 191.28M | 165.17M | 174.45M | 157.71M | 145.19M | 125.83M |
| Inventory | 216.46M | 206.85M | 146.09M | 152.68M | 163.67M | 134.36M |
| Restricted Cash | 3.09M | 3.13M | 1.29M | 2.62M | 3.35M | 2.98M |
| Other Current Assets | 35.46M | 47.23M | 25.84M | 23.35M | 26.69M | 29.53M |
| Total Current Assets | 580.82M | 541.93M | 442.33M | 440.18M | 415.41M | 383.88M |
| Property, Plant & Equipment | 228.77M | 239.90M | 206.81M | 165.63M | 141.50M | 132.99M |
| Goodwill | 660.91M | 555.62M | 479.17M | 392.08M | 385.45M | 396.89M |
| Other Intangible Assets | 353.93M | 350.38M | 279.49M | 159.29M | 175.65M | 199.34M |
| Other Long-Term Assets | 64.86M | 24.35M | 22.54M | 18.48M | 31.87M | 19.11M |
| Total Assets | 1.89B | 1.71B | 1.43B | 1.18B | 1.15B | 1.13B |
| Accounts Payable | 56.35M | 53.36M | 51.06M | 42.10M | 58.06M | 59.25M |
| Accrued Expenses | 46.44M | 47.35M | 43.81M | 41.85M | 35.67M | 37.20M |
| Current Portion of Long-Term Debt | 3.18M | 2.15M | 2.30M | 2.23M | 2.84M | 4.49M |
| Current Portion of Leases | 9.19M | 7.62M | 6.37M | 5.44M | 5.46M | |
| Current Unearned Revenue | 58.02M | 66.47M | 43.53M | 74.83M | 72.33M | 71.16M |
| Other Current Liabilities | 60.18M | 49.66M | 43.24M | 47.02M | 39.12M | 43.94M |
| Total Current Liabilities | 224.16M | 228.17M | 191.56M | 214.41M | 213.46M | 221.50M |
| Long-Term Debt | 505.06M | 370.57M | 284.20M | 106.86M | 196.38M | 263.96M |
| Long-Term Leases | 2.39M | 33.87M | 28.72M | 20.16M | 18.78M | 20.71M |
| Long-Term Deferred Tax Liabilities | 64.05M | 62.48M | 41.85M | 36.40M | 38.74M | 34.94M |
| Other Long-Term Liabilities | 59.88M | 26.02M | 25.88M | 21.60M | 26.95M | 25.49M |
| Total Liabilities | 855.55M | 721.11M | 572.22M | 399.43M | 494.31M | 566.60M |
| Common Stock | 146.00K | 146.00K | 146.00K | 146.00K | 146.00K | 146.00K |
| Additional Paid-In Capital | 139.22M | 138.84M | 130.18M | 124.94M | 119.92M | 115.89M |
| Retained Earnings | 995.12M | 945.64M | 859.69M | 763.13M | 660.64M | 551.85M |
| Treasury Stock | -68.98M | -69.47M | -70.52M | -71.45M | -72.29M | -73.60M |
| Comprehensive Income & Other | -42.55M | -35.35M | -72.37M | -43.06M | -54.58M | -30.35M |
| Total Common Equity | 1.02B | 979.81M | 847.13M | 773.70M | 653.85M | 563.94M |
| Minority Interest | 10.79M | 11.26M | 11.00M | 2.54M | 1.72M | 1.68M |
| Shareholders' Equity | 1.03B | 991.07M | 858.13M | 776.24M | 655.57M | 565.62M |
| Total Liabilities & Equity | 1.89B | 1.71B | 1.43B | 1.18B | 1.15B | 1.13B |
| Total Debt | 510.63M | 415.77M | 322.84M | 135.61M | 223.44M | 294.62M |
| Net Cash (Debt) | -376.10M | -296.22M | -228.18M | -31.78M | -146.93M | -203.43M |
| Net Cash Per Share | -31.85 | -25.12 | -19.39 | -2.71 | -12.57 | -17.45 |
| Filing Date Shares Outstanding | 11.81M | 11.79M | 11.75M | 11.72M | 11.67M | 11.62M |
| Total Common Shares Outstanding | 11.81M | 11.79M | 11.75M | 11.71M | 11.67M | 11.62M |
| Working Capital | 356.66M | 313.76M | 250.76M | 225.77M | 201.95M | 162.38M |
| Book Value Per Share | 86.62 | 83.11 | 72.12 | 66.08 | 56.01 | 48.53 |
| Tangible Book Value | 8.12M | 73.81M | 88.46M | 222.33M | 92.75M | -32.29M |
| Tangible Book Value Per Share | 0.69 | 6.26 | 7.53 | 18.99 | 7.94 | -2.78 |
| Land | 19.39M | 15.88M | 10.77M | 10.73M | 11.01M | |
| Buildings | 126.60M | 105.06M | 92.63M | 68.92M | 67.79M | |
| Machinery | 217.98M | 190.62M | 161.04M | 143.64M | 136.66M | |
| Construction In Progress | 6.27M | 4.13M | 8.91M | 17.01M | 6.57M | |
| Order Backlog | 288.20M | 257.40M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 109.72M | 101.97M | 111.60M | 116.07M | 120.93M | 84.04M |
| Depreciation & Amortization | 57.33M | 51.22M | 49.59M | 33.30M | 34.94M | 34.30M |
| Loss (Gain) From Sale of Assets | -20.19M | -515.00K | ||||
| Asset Writedown & Restructuring Costs | 287.00K | 287.00K | 658.00K | 36.00K | 731.00K | 804.00K |
| Stock-Based Compensation | 11.22M | 11.24M | 10.64M | 9.77M | 8.58M | 8.53M |
| Provision & Write-off of Bad Debts | 873.00K | 737.00K | 721.00K | 531.00K | 1.17M | 5.00K |
| Other Operating Activities | 12.03M | 10.48M | 8.40M | 1.82M | 13.82M | 5.09M |
| Change in Accounts Receivable | 11.46M | 25.75M | -9.83M | 4.76M | -25.23M | -17.96M |
| Change in Inventory | 3.04M | -12.92M | 23.95M | 14.09M | -36.12M | -11.17M |
| Change in Accounts Payable | -6.67M | -7.24M | 10.58M | -19.90M | 1.36M | 26.35M |
| Change in Unearned Revenue | -7.49M | 9.35M | -29.75M | -9.01M | 14.36M | 27.69M |
| Change in Other Net Operating Assets | -9.90M | -21.25M | -22.24M | 13.35M | -12.51M | 4.42M |
| Operating Cash Flow | 183.44M | 171.33M | 155.26M | 165.54M | 102.62M | 162.42M |
| Capital Expenditures | -23.45M | -17.05M | -21.00M | -31.85M | -28.20M | -12.77M |
| Sale of Property, Plant & Equipment | 523.00K | 250.00K | 1.29M | 1.64M | 2.11M | 1.74M |
| Cash Acquisitions | -361.75M | -189.98M | -300.33M | -905.00K | -3.47M | -143.98M |
| Other Investing Activities | 1.11M | 1.36M | 914.00K | 328.00K | 42.00K | 537.00K |
| Investing Cash Flow | -383.57M | -205.42M | -319.14M | -30.79M | -29.52M | -154.47M |
| Long-Term Debt Issued | 199.03M | 305.21M | 22.06M | 151.94M | ||
| Long-Term Debt Repaid | -123.38M | -124.48M | -93.97M | -85.51M | -115.58M | |
| Net Debt Issued (Repaid) | 266.27M | 75.65M | 180.73M | -93.97M | -63.45M | 36.37M |
| Issuance of Common Stock | 2.47M | 4.57M | 1.60M | 1.38M | 1.89M | |
| Repurchase of Common Stock | -4.97M | -6.10M | -5.88M | -3.92M | -4.61M | -3.43M |
| Common Dividends Paid | -16.27M | -15.78M | -14.67M | -13.22M | -12.00M | -11.46M |
| Other Financing Activities | -4.64M | -4.34M | -1.87M | -8.00K | -1.88M | -560.00K |
| Financing Cash Flow | 242.87M | 54.01M | 159.91M | -111.11M | -80.57M | 22.81M |
| Foreign Exchange Rate Adjustments | -2.30M | 6.81M | -6.55M | 3.08M | -6.97M | -3.23M |
| Net Cash Flow | 40.44M | 26.73M | -10.51M | 26.73M | -14.44M | 27.52M |
| Free Cash Flow | 159.99M | 154.28M | 134.26M | 133.69M | 74.43M | 149.65M |
| Free Cash Flow Margin | 13.89% | 14.66% | 12.75% | 13.96% | 8.23% | 19.02% |
| Free Cash Flow Per Share | 13.55 | 13.08 | 11.41 | 11.40 | 6.37 | 12.84 |
| Levered Free Cash Flow | 105.73M | 99.00M | 103.69M | 114.62M | 54.21M | 119.37M |
| Unlevered Free Cash Flow | 117.11M | 108.74M | 116.21M | 119.86M | 58.26M | 122.38M |
| Cash Interest Paid | 17.39M | 14.93M | 19.70M | 8.07M | 6.05M | 4.44M |
| Cash Income Tax Paid | 45.40M | 44.14M | 42.29M | 47.52M | 36.97M | 24.17M |
| Change in Working Capital | -9.57M | -6.31M | -27.30M | 3.29M | -58.14M | 29.33M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.35B | 3.37B | 4.12B | 3.28B | 2.07B | 2.67B |
| Enterprise Value | 3.73B | 3.52B | 4.37B | 3.34B | 2.21B | 2.91B |
| Last Close Price | 283.63 | 285.02 | 347.63 | 276.63 | 174.32 | 224.93 |
| PE Ratio | 30.50 | 33.08 | 36.92 | 28.27 | 17.13 | 31.82 |
| Forward PE | 22.36 | 28.94 | 32.85 | 28.46 | 19.88 | 26.39 |
| PS Ratio | 2.91 | 3.21 | 3.91 | 3.43 | 2.29 | 3.40 |
| PB Ratio | 3.27 | 3.40 | 4.80 | 4.23 | 3.16 | 4.73 |
| P/TBV Ratio | 412.74 | 45.70 | 46.58 | 14.76 | 22.34 | |
| P/FCF Ratio | 20.94 | 21.86 | 30.69 | 24.55 | 27.84 | 17.87 |
| P/OCF Ratio | 18.26 | 19.69 | 26.54 | 19.82 | 20.19 | 16.47 |
| PEG Ratio | 3.55 | 3.55 | 3.56 | 2.48 | 3.30 | |
| EV/Sales Ratio | 3.23 | 3.34 | 4.15 | 3.48 | 2.44 | 3.70 |
| EV/EBITDA Ratio | 15.49 | 16.31 | 19.04 | 16.51 | 11.77 | 18.25 |
| EV/EBIT Ratio | 20.34 | 21.38 | 24.28 | 19.77 | 14.46 | 23.26 |
| EV/FCF Ratio | 23.29 | 22.80 | 32.54 | 24.95 | 29.69 | 19.44 |
| Debt / Equity Ratio | 0.49 | 0.42 | 0.38 | 0.17 | 0.34 | 0.52 |
| Debt / EBITDA Ratio | 2.03 | 1.83 | 1.35 | 0.65 | 1.15 | 1.78 |
| Debt / FCF Ratio | 3.19 | 2.69 | 2.40 | 1.01 | 3.00 | 1.97 |
| Net Debt / Equity Ratio | 0.36 | 0.30 | 0.27 | 0.04 | 0.22 | 0.36 |
| Net Debt / EBITDA Ratio | 1.56 | 1.37 | 0.99 | 0.16 | 0.78 | 1.28 |
| Net Debt / FCF Ratio | 2.35 | 1.92 | 1.70 | 0.24 | 1.97 | 1.36 |
| Asset Turnover | 0.68 | 0.67 | 0.81 | 0.82 | 0.79 | 0.76 |
| Inventory Turnover | 3.30 | 3.26 | 3.90 | 3.42 | 3.46 | 3.69 |
| Quick Ratio | 1.39 | 1.25 | 1.33 | 1.22 | 1.04 | 0.98 |
| Current Ratio | 2.59 | 2.38 | 2.31 | 2.05 | 1.95 | 1.73 |
| Return on Equity (ROE) | 11.29% | 11.21% | 13.77% | 16.32% | 19.94% | 15.98% |
| Return on Assets (ROA) | 6.79% | 6.54% | 8.63% | 9.07% | 8.37% | 7.59% |
| Return on Invested Capital (ROIC) | 9.76% | 10.01% | 13.97% | 15.39% | 14.29% | 12.96% |
| Return on Capital Employed (ROCE) | 11.00% | 11.10% | 14.50% | 17.60% | 16.30% | 13.70% |
| Earnings Yield | 3.28% | 3.02% | 2.71% | 3.54% | 5.84% | 3.14% |
| FCF Yield | 4.78% | 4.57% | 3.26% | 4.07% | 3.59% | 5.59% |
| Dividend Yield | 0.51% | 0.47% | 0.36% | 0.41% | 0.59% | 0.43% |
| Payout Ratio | 15.48% | 15.47% | 13.15% | 11.39% | 9.92% | 13.64% |
| Buyback Yield / Dilution | -0.19% | -0.19% | -0.36% | -0.35% | -0.28% | -0.79% |
| Total Shareholder Return | 0.32% | 0.28% | 0.01% | 0.06% | 0.30% | -0.35% |