NYSE : KMT
Kennametal Inc. — Financial statements
Industrials · Tools & Accessories · United States
Last price 29.1 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.22B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Kennametal Inc. (KMT) reported revenue of 2.36B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 2.36B | 2.36B | 1.97B | 2.05B | 2.08B | 2.01B |
| Cost of Revenue | 1.38B | 1.38B | 1.37B | 1.42B | 1.43B | 1.36B |
| Gross Profit | 972.36M | 972.36M | 599.37M | 627.09M | 646.44M | 653.48M |
| Selling, General & Admin | 485.29M | 485.29M | 431.94M | 429.86M | 434.69M | 402.29M |
| Amortization of Goodwill & Intangibles | 9.52M | 9.52M | 10.79M | 11.56M | 12.62M | 12.99M |
| Other Operating Expenses | -1.24M | |||||
| Operating Expenses | 494.81M | 494.81M | 442.72M | 441.42M | 447.32M | 414.04M |
| Operating Income | 477.54M | 477.54M | 156.65M | 185.68M | 199.12M | 239.44M |
| Interest Expense | -28.56M | -28.56M | -24.93M | -26.47M | -28.50M | -25.91M |
| Currency Exchange Gain (Loss) | -1.60M | -1.60M | -1.30M | -4.10M | -3.90M | -2.50M |
| Other Non Operating Income (Expenses) | 25.36M | 25.36M | 16.41M | 1.90M | 207.00K | |
| EBT Excluding Unusual Items | 472.74M | 472.74M | 146.83M | 157.00M | 166.73M | 211.23M |
| Merger & Restructuring Charges | -11.41M | -11.41M | -13.31M | -13.15M | -6.61M | -5.50M |
| Gain (Loss) on Sale of Assets | -1.51M | 600.00K | 2.50M | 1.00M | ||
| Legal Settlements | -3.00M | |||||
| Pretax Income | 461.33M | 461.33M | 132.00M | 144.45M | 159.62M | 206.73M |
| Income Tax Expense | 110.92M | 110.92M | 33.30M | 30.81M | 36.26M | 56.53M |
| Earnings From Continuing Operations | 350.41M | 350.41M | 98.71M | 113.64M | 123.37M | 150.20M |
| Minority Interest in Earnings | -8.03M | -8.03M | -5.58M | -4.32M | -4.91M | -5.58M |
| Net Income | 342.39M | 342.39M | 93.12M | 109.32M | 118.46M | 144.62M |
| Net Income to Common | 342.39M | 342.39M | 93.12M | 109.32M | 118.46M | 144.62M |
| Shares Outstanding (Basic) | 76.22M | 76.22M | 77.26M | 79.39M | 80.80M | 83.25M |
| Shares Outstanding (Diluted) | 77.42M | 77.42M | 77.89M | 79.97M | 81.40M | 83.94M |
| EPS (Basic) | 4.49 | 4.49 | 1.21 | 1.38 | 1.47 | 1.74 |
| EPS (Diluted) | 4.42 | 4.42 | 1.20 | 1.37 | 1.46 | 1.72 |
| Free Cash Flow | -80.91M | -80.91M | 119.35M | 169.55M | 163.56M | 84.52M |
| Free Cash Flow Per Share | -1.04 | -1.04 | 1.53 | 2.12 | 2.01 | 1.01 |
| Dividend Per Share | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 |
| Gross Margin | 41.26% | 41.26% | 30.47% | 30.64% | 31.11% | 32.47% |
| Operating Margin | 20.26% | 20.26% | 7.96% | 9.07% | 9.58% | 11.90% |
| Profit Margin | 14.53% | 14.53% | 4.74% | 5.34% | 5.70% | 7.19% |
| Free Cash Flow Margin | -3.43% | -3.43% | 6.07% | 8.28% | 7.87% | 4.20% |
| EBITDA | 620.70M | 620.70M | 293.14M | 320.36M | 333.15M | 371.12M |
| EBITDA Margin | 26.34% | 26.34% | 14.90% | 15.65% | 16.03% | 18.44% |
| D&A For EBITDA | 143.16M | 143.16M | 136.50M | 134.69M | 134.03M | 131.68M |
| EBIT | 477.54M | 477.54M | 156.65M | 185.68M | 199.12M | 239.44M |
| EBIT Margin | 20.26% | 20.26% | 7.96% | 9.07% | 9.58% | 11.90% |
| Effective Tax Rate | 24.04% | 24.04% | 25.22% | 21.33% | 22.71% | 27.35% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 95.79M | 95.79M | 140.54M | 127.97M | 106.02M | 85.59M |
| Cash & Short-Term Investments | 95.79M | 95.79M | 140.54M | 127.97M | 106.02M | 85.59M |
| Receivables | 408.44M | 408.44M | 295.40M | 302.81M | 307.31M | 295.35M |
| Inventory | 1.11B | 1.11B | 538.24M | 514.63M | 557.63M | 570.84M |
| Prepaid Expenses | 39.57M | 39.57M | 32.18M | |||
| Other Current Assets | 119.52M | 119.52M | 32.91M | 57.18M | 55.83M | 72.94M |
| Total Current Assets | 1.77B | 1.77B | 1.04B | 1.00B | 1.03B | 1.02B |
| Property, Plant & Equipment | 889.39M | 889.39M | 965.13M | 986.21M | 1.01B | 1.05B |
| Goodwill | 279.21M | 279.21M | 282.73M | 271.57M | 269.55M | 264.23M |
| Other Intangible Assets | 55.89M | 55.89M | 67.21M | 81.42M | 93.16M | 105.72M |
| Long-Term Deferred Tax Assets | 41.28M | 41.28M | 90.47M | 79.33M | 65.52M | 54.60M |
| Other Long-Term Assets | 129.22M | 129.22M | 100.60M | 82.64M | 80.11M | 75.01M |
| Total Assets | 3.17B | 3.17B | 2.55B | 2.50B | 2.55B | 2.57B |
| Accounts Payable | 369.84M | 369.84M | 195.93M | 191.54M | 203.34M | 227.89M |
| Accrued Expenses | 149.61M | 149.61M | 120.56M | 115.89M | 120.03M | 122.39M |
| Short-Term Debt | 32.17M | 32.17M | 977.00K | 1.38M | 689.00K | 21.19M |
| Current Portion of Leases | 11.72M | 11.72M | 12.19M | 12.77M | 11.38M | 12.39M |
| Current Income Taxes Payable | 15.97M | 15.97M | 8.55M | 13.15M | 25.14M | 29.48M |
| Other Current Liabilities | 97.41M | 97.41M | 84.13M | 81.23M | 73.39M | 72.32M |
| Total Current Liabilities | 676.71M | 676.71M | 422.33M | 415.96M | 433.98M | 485.65M |
| Long-Term Debt | 685.28M | 685.28M | 596.79M | 595.98M | 595.17M | 594.36M |
| Long-Term Leases | 34.54M | 34.54M | 33.41M | 35.63M | 32.18M | 35.34M |
| Pension & Post-Retirement Benefits | 102.05M | 102.05M | 112.72M | 109.92M | 115.54M | 113.00M |
| Long-Term Deferred Tax Liabilities | 31.02M | 31.02M | 32.61M | 36.17M | 32.06M | 32.19M |
| Other Long-Term Liabilities | 23.72M | 23.72M | 22.91M | 21.50M | 24.14M | 21.74M |
| Total Liabilities | 1.55B | 1.55B | 1.22B | 1.22B | 1.23B | 1.28B |
| Common Stock | 95.27M | 95.27M | 95.02M | 97.36M | 99.79M | 101.67M |
| Additional Paid-In Capital | 390.31M | 390.31M | 373.90M | 416.62M | 465.41M | 494.20M |
| Retained Earnings | 1.48B | 1.48B | 1.20B | 1.17B | 1.12B | 1.07B |
| Comprehensive Income & Other | -399.03M | -399.03M | -386.69M | -434.59M | -414.34M | -413.95M |
| Total Common Equity | 1.57B | 1.57B | 1.28B | 1.25B | 1.28B | 1.25B |
| Minority Interest | 43.59M | 43.59M | 40.67M | 38.72M | 38.72M | 38.67M |
| Shareholders' Equity | 1.61B | 1.61B | 1.32B | 1.29B | 1.31B | 1.29B |
| Total Liabilities & Equity | 3.17B | 3.17B | 2.55B | 2.50B | 2.55B | 2.57B |
| Total Debt | 763.71M | 763.71M | 643.36M | 645.75M | 639.42M | 663.28M |
| Net Cash (Debt) | -667.91M | -667.91M | -502.82M | -517.78M | -533.40M | -577.69M |
| Net Cash Per Share | -8.63 | -8.63 | -6.46 | -6.48 | -6.55 | -6.88 |
| Filing Date Shares Outstanding | 76.22M | 76.22M | 76.02M | 77.90M | 79.71M | 81.34M |
| Total Common Shares Outstanding | 76.21M | 76.21M | 76.01M | 77.89M | 79.83M | 81.34M |
| Working Capital | 1.10B | 1.10B | 616.94M | 586.63M | 592.81M | 539.06M |
| Book Value Per Share | 20.60 | 20.60 | 16.89 | 16.05 | 15.98 | 15.40 |
| Tangible Book Value | 1.23B | 1.23B | 934.04M | 896.89M | 912.73M | 882.62M |
| Tangible Book Value Per Share | 16.20 | 16.20 | 12.29 | 11.51 | 11.43 | 10.85 |
| Land | 439.54M | 439.54M | 440.19M | 415.38M | 416.29M | 410.04M |
| Machinery | 2.01B | 2.01B | 2.06B | 1.99B | 1.95B | 1.90B |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 342.39M | 342.39M | 93.12M | 109.32M | 118.46M | 144.62M |
| Depreciation & Amortization | 143.16M | 143.16M | 136.50M | 134.69M | 134.03M | 131.68M |
| Loss (Gain) From Sale of Assets | 1.51M | -1.00M | ||||
| Asset Writedown & Restructuring Costs | 8.91M | 8.91M | 11.81M | 12.15M | 4.11M | -753.00K |
| Stock-Based Compensation | 34.85M | 34.85M | 22.11M | 24.34M | 24.66M | 20.98M |
| Other Operating Activities | 61.22M | 61.22M | -17.55M | -2.29M | 2.77M | 14.63M |
| Change in Accounts Receivable | -116.87M | -116.87M | 9.07M | -2.62M | -11.54M | -14.43M |
| Change in Inventory | -593.40M | -593.40M | -17.40M | 36.84M | 17.58M | -127.41M |
| Change in Accounts Payable | 226.10M | 226.10M | -6.16M | -6.09M | -32.51M | 32.00M |
| Change in Income Taxes | 11.01M | 11.01M | -12.27M | -16.22M | 852.00K | 10.24M |
| Change in Other Net Operating Assets | -121.37M | -121.37M | -12.43M | -13.01M | -446.00K | -29.11M |
| Operating Cash Flow | -4.01M | -4.01M | 208.32M | 277.11M | 257.94M | 181.44M |
| Capital Expenditures | -76.91M | -76.91M | -88.97M | -107.56M | -94.39M | -96.92M |
| Sale of Property, Plant & Equipment | 1.77M | 1.77M | 1.84M | 5.42M | 5.03M | 924.00K |
| Cash Acquisitions | -4.01M | |||||
| Divestitures | 18.69M | 1.00M | ||||
| Other Investing Activities | 3.83M | 3.83M | 6.62M | -3.28M | 126.00K | 60.00K |
| Investing Cash Flow | -71.30M | -71.30M | -61.83M | -109.43M | -89.23M | -94.94M |
| Short-Term Debt Issued | 31.29M | 31.29M | 714.00K | 19.00M | ||
| Long-Term Debt Issued | 296.99M | 296.99M | ||||
| Total Debt Issued | 328.29M | 328.29M | 714.00K | 19.00M | ||
| Short-Term Debt Repaid | -459.00K | -20.27M | -6.07M | |||
| Long-Term Debt Repaid | -209.39M | -209.39M | ||||
| Total Debt Repaid | -209.39M | -209.39M | -459.00K | -20.27M | -6.07M | |
| Net Debt Issued (Repaid) | 118.90M | 118.90M | -459.00K | 714.00K | -20.27M | 12.93M |
| Repurchase of Common Stock | -10.11M | -10.11M | -60.12M | -65.57M | -49.29M | -85.54M |
| Common Dividends Paid | -60.85M | -60.85M | -61.85M | -63.43M | -64.52M | -66.56M |
| Other Financing Activities | -16.31M | -16.31M | -11.49M | -13.46M | -9.02M | -11.56M |
| Financing Cash Flow | 31.63M | 31.63M | -133.92M | -141.75M | -143.11M | -150.74M |
| Foreign Exchange Rate Adjustments | -1.08M | -1.08M | -11.00K | -3.98M | -5.17M | -4.23M |
| Net Cash Flow | -44.75M | -44.75M | 12.57M | 21.95M | 20.43M | -68.46M |
| Free Cash Flow | -80.91M | -80.91M | 119.35M | 169.55M | 163.56M | 84.52M |
| Free Cash Flow Margin | -3.43% | -3.43% | 6.07% | 8.28% | 7.87% | 4.20% |
| Free Cash Flow Per Share | -1.04 | -1.04 | 1.53 | 2.12 | 2.01 | 1.01 |
| Levered Free Cash Flow | -171.88M | -171.88M | 135.20M | 177.03M | 159.12M | 138.10M |
| Unlevered Free Cash Flow | -154.03M | -154.03M | 150.78M | 193.57M | 176.93M | 154.29M |
| Cash Interest Paid | 27.09M | 27.09M | 24.77M | 26.38M | 28.19M | 25.28M |
| Cash Income Tax Paid | 55.22M | 55.22M | 58.65M | 48.52M | 43.73M | 36.10M |
| Change in Working Capital | -594.53M | -594.53M | -39.18M | -1.10M | -26.07M | -128.72M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.31B | 2.67B | 1.75B | 1.85B | 2.28B | 1.92B |
| Enterprise Value | 2.97B | 3.27B | 2.35B | 2.46B | 2.93B | 2.53B |
| Last Close Price | 29.10 | 34.83 | 22.19 | 22.01 | 25.71 | 20.41 |
| PE Ratio | 6.84 | 7.80 | 18.80 | 16.94 | 19.24 | 13.27 |
| Forward PE | 6.04 | 6.57 | 16.98 | 15.67 | 15.42 | 12.17 |
| PS Ratio | 0.94 | 1.13 | 0.89 | 0.91 | 1.10 | 0.95 |
| PB Ratio | 1.41 | 1.66 | 1.32 | 1.44 | 1.73 | 1.49 |
| P/TBV Ratio | 1.80 | 2.16 | 1.87 | 2.06 | 2.50 | 2.17 |
| P/FCF Ratio | 14.66 | 10.92 | 13.93 | 22.71 | ||
| P/OCF Ratio | 8.40 | 6.68 | 8.84 | 10.58 | ||
| PEG Ratio | 0.12 | 3.22 | 5.20 | 5.20 | 5.20 | |
| EV/Sales Ratio | 1.22 | 1.39 | 1.19 | 1.20 | 1.41 | 1.26 |
| EV/EBITDA Ratio | 4.65 | 5.26 | 8.01 | 7.67 | 8.79 | 6.82 |
| EV/EBIT Ratio | 6.04 | 6.84 | 14.99 | 13.23 | 14.70 | 10.57 |
| EV/FCF Ratio | 19.68 | 14.49 | 17.89 | 29.93 | ||
| Debt / Equity Ratio | 0.47 | 0.47 | 0.49 | 0.50 | 0.49 | 0.51 |
| Debt / EBITDA Ratio | 1.17 | 1.17 | 1.98 | 1.85 | 1.77 | 1.67 |
| Debt / FCF Ratio | 5.39 | 3.81 | 3.91 | 7.85 | ||
| Net Debt / Equity Ratio | 0.41 | 0.41 | 0.38 | 0.40 | 0.41 | 0.45 |
| Net Debt / EBITDA Ratio | 1.08 | 1.08 | 1.72 | 1.62 | 1.60 | 1.56 |
| Net Debt / FCF Ratio | -8.26 | -8.26 | 4.21 | 3.05 | 3.26 | 6.83 |
| Asset Turnover | 0.82 | 0.82 | 0.78 | 0.81 | 0.81 | 0.77 |
| Inventory Turnover | 1.68 | 1.68 | 2.60 | 2.65 | 2.54 | 2.60 |
| Quick Ratio | 0.74 | 0.74 | 1.03 | 1.04 | 0.95 | 0.78 |
| Current Ratio | 2.62 | 2.62 | 2.46 | 2.41 | 2.37 | 2.11 |
| Return on Equity (ROE) | 23.85% | 23.85% | 7.55% | 8.73% | 9.47% | 11.30% |
| Return on Assets (ROA) | 10.45% | 10.45% | 3.88% | 4.59% | 4.86% | 5.71% |
| Return on Invested Capital (ROIC) | 17.14% | 17.66% | 6.45% | 7.99% | 8.28% | 9.32% |
| Return on Capital Employed (ROCE) | 19.20% | 19.20% | 7.40% | 8.90% | 9.40% | 11.50% |
| Earnings Yield | 14.61% | 12.82% | 5.32% | 5.90% | 5.20% | 7.53% |
| FCF Yield | -3.65% | -3.03% | 6.82% | 9.16% | 7.18% | 4.40% |
| Dividend Yield | 2.67% | 2.28% | 3.47% | 3.36% | 2.80% | 3.39% |
| Payout Ratio | 18.10% | 17.77% | 66.42% | 58.02% | 54.47% | 46.03% |
| Buyback Yield / Dilution | 0.60% | 0.60% | 2.59% | 1.76% | 3.03% | 0.46% |
| Total Shareholder Return | 3.35% | 2.89% | 6.06% | 5.13% | 5.83% | 3.85% |