Go Pro

Kadant (KAI) Financials

Kadant logo
$313.41 -0.65 (-0.21%)
As of 08/21/2026 03:58 PM Eastern
Annual Income Statements for Kadant

Annual Income Statements for Kadant

This table shows Kadant's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/2/2016 12/31/2016 12/30/2017 12/29/2018 12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024 1/3/2026
Net Income / (Loss) Attributable to Common Shareholders
34 32 31 60 52 55 84 121 116 112 102
Consolidated Net Income / (Loss)
35 32 32 61 53 56 85 122 117 113 104
Net Income / (Loss) Continuing Operations
35 32 32 61 53 56 85 122 117 113 104
Total Pre-Tax Income
49 45 58 80 69 74 112 166 159 153 144
Total Operating Income
50 47 62 89 88 81 117 171 166 171 157
Total Gross Profit
180 189 231 278 294 277 337 390 416 466 476
Total Revenue
390 414 515 634 705 635 787 905 958 1,053 1,052
Operating Revenue
390 414 515 634 705 635 787 905 958 1,053 1,052
Total Cost of Revenue
210 226 284 356 411 358 449 515 541 587 577
Operating Cost of Revenue
210 226 284 356 411 358 449 515 541 587 577
Total Operating Expenses
130 142 170 190 206 196 221 218 251 295 318
Selling, General & Admin Expense
123 135 160 177 193 182 209 224 236 280 302
Research & Development Expense
6.68 7.38 9.56 11 11 11 11 13 14 14 15
Other Operating Expenses / (Income)
- - - - - - - - 0.72 0.66 1.31
Total Other Income / (Expense), net
-0.75 -2.09 -3.97 -9.07 -19 -7.44 -4.66 -5.65 -6.74 -18 -14
Interest Expense
0.95 1.29 3.55 7.03 13 7.42 4.82 6.48 8.40 20 16
Interest & Investment Income
0.20 0.27 0.45 0.38 0.21 0.18 0.27 0.90 1.76 1.92 1.93
Other Income / (Expense), net
- -1.07 -0.87 -2.42 -6.36 -0.20 -0.10 -0.07 -0.10 -0.07 -0.06
Income Tax Expense
15 12 26 18 16 18 27 44 42 41 40
Net Income / (Loss) Attributable to Noncontrolling Interest
0.29 0.39 0.49 0.63 0.50 0.54 0.84 0.80 0.74 0.96 1.71
Basic Earnings per Share
$3.16 $2.95 $2.83 $5.45 $4.63 $4.81 $7.26 $10.38 $9.92 $9.51 $8.66
Weighted Average Basic Shares Outstanding
10.87M 10.87M 10.99M 11.09M 11.24M 11.48M 11.58M 11.65M 11.70M 11.74M 11.77M
Diluted Earnings per Share
$3.10 $2.88 $2.75 $5.30 $4.54 $4.77 $7.21 $10.35 $9.90 $9.48 $8.65
Weighted Average Diluted Shares Outstanding
11.09M 11.15M 11.31M 11.40M 11.46M 11.56M 11.66M 11.69M 11.73M 11.77M 11.79M
Weighted Average Basic & Diluted Shares Outstanding
10.90M 10.90M 11M 11.10M 11.42M 11.54M 11.62M 11.67M 11.72M 11.75M 11.79M
Cash Dividends to Common per Share
$0.68 $0.76 $0.84 $0.88 $0.92 $0.96 $1.00 $1.04 $1.16 $1.28 $1.36

Quarterly Income Statements for Kadant

This table shows Kadant's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 1/3/2026 4/4/2026 7/4/2026
Net Income / (Loss) Attributable to Common Shareholders
27 25 31 32 24 24 26 28 24 26 32
Consolidated Net Income / (Loss)
28 25 32 32 24 24 27 28 24 26 33
Net Income / (Loss) Continuing Operations
28 25 32 32 24 24 27 28 24 26 33
Total Pre-Tax Income
38 33 44 44 33 32 36 40 35 36 46
Total Operating Income
39 37 48 49 37 36 39 43 40 40 51
Total Gross Profit
102 111 122 121 112 110 117 123 126 127 137
Total Revenue
239 249 275 272 258 239 255 272 286 282 313
Operating Revenue
239 249 275 272 258 239 255 272 286 282 313
Total Cost of Revenue
137 138 153 150 146 129 138 149 161 155 176
Operating Cost of Revenue
137 138 153 150 146 129 138 149 161 155 176
Total Operating Expenses
63 74 73 72 75 75 78 80 86 87 86
Selling, General & Admin Expense
60 70 70 69 71 71 74 76 81 83 82
Research & Development Expense
3.46 3.73 3.48 3.41 3.70 3.52 3.72 3.92 4.10 4.06 4.48
Total Other Income / (Expense), net
-1.01 -4.09 -4.84 -5.13 -4.13 -3.32 -2.92 -2.74 -4.73 -4.15 -4.85
Interest Expense
1.68 4.67 5.20 5.52 4.64 3.82 3.34 3.09 5.32 4.48 5.31
Interest & Investment Income
0.71 0.61 0.37 0.41 0.53 0.52 0.44 0.37 0.60 0.35 0.50
Other Income / (Expense), net
-0.04 -0.03 -0.00 -0.02 -0.02 -0.02 -0.02 -0.02 -0.01 -0.01 -0.03
Income Tax Expense
10 7.85 12 12 8.71 7.83 9.82 12 10 10 13
Net Income / (Loss) Attributable to Noncontrolling Interest
0.17 0.30 0.28 0.31 0.07 0.37 0.48 0.39 0.47 0.31 0.38
Basic Earnings per Share
$2.34 $2.11 $2.66 $2.69 $2.05 $2.05 $2.22 $2.35 $2.04 $2.16 $2.75
Weighted Average Basic Shares Outstanding
11.70M 11.72M 11.74M 11.75M 11.74M 11.76M 11.78M 11.78M 11.77M 11.79M 11.81M
Diluted Earnings per Share
$2.33 $2.10 $2.66 $2.68 $2.04 $2.04 $2.22 $2.35 $2.04 $2.16 $2.75
Weighted Average Diluted Shares Outstanding
11.73M 11.74M 11.77M 11.78M 11.77M 11.78M 11.79M 11.80M 11.79M 11.80M 11.82M
Weighted Average Basic & Diluted Shares Outstanding
11.72M 11.74M 11.74M 11.75M 11.75M 11.78M 11.78M 11.78M 11.79M 11.81M 11.81M

Annual Cash Flow Statements for Kadant

This table details how cash moves in and out of Kadant's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/2/2016 12/31/2016 12/30/2017 12/29/2018 12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024 1/3/2026
Net Change in Cash & Equivalents
20 5.85 3.28 -28 22 -1.63 28 -14 27 -11 27
Net Cash From Operating Activities
40 51 65 63 97 93 162 103 166 155 171
Net Cash From Continuing Operating Activities
40 51 65 63 97 93 162 103 166 155 171
Net Income / (Loss) Continuing Operations
35 32 32 61 53 56 85 122 117 113 104
Consolidated Net Income / (Loss)
34 32 32 61 53 56 85 122 117 113 104
Depreciation Expense
11 14 19 24 32 31 34 35 33 50 51
Non-Cash Adjustments To Reconcile Net Income
5.24 5.17 7.70 -1.12 20 14 15 -3.06 14 19 20
Changes in Operating Assets and Liabilities, net
-10 -0.96 6.51 -21 -8.00 -7.89 28 -51 1.34 -26 -3.87
Net Cash From Investing Activities
-5.45 -62 -222 -16 -187 -15 -154 -30 -31 -319 -205
Net Cash From Continuing Investing Activities
-5.45 -62 -222 -16 -187 -15 -154 -30 -31 -319 -205
Purchase of Property, Plant & Equipment
-5.48 -5.80 -17 -17 -9.96 -7.60 -13 -28 -32 -21 -17
Acquisitions
0.00 -57 -205 0.00 -178 -7.10 -144 -3.47 -0.91 -300 -190
Sale of Property, Plant & Equipment
0.03 0.43 0.13 0.20 0.40 0.15 1.74 2.11 1.64 1.29 0.25
Other Investing Activities, net
- - - - 0.00 0.00 0.54 0.04 0.33 0.91 1.36
Net Cash From Financing Activities
-14 23 150 -74 112 -85 23 -81 -111 160 54
Net Cash From Continuing Financing Activities
-14 23 150 -74 112 -85 23 -81 -111 160 54
Repayment of Debt
-19 -18 -69 -111 -126 -100 -116 -87 -94 -124 -126
Payment of Dividends
-7.18 -8.04 -9.89 -10 -11 -11 -12 -13 -13 -16 -17
Issuance of Debt
24 51 232 50 247 26 152 22 0.00 305 199
Issuance of Common Equity
0.75 2.35 0.00 0.81 5.18 3.21 1.89 1.38 0.00 1.61 4.57
Other Financing Activities, net
-2.68 -3.66 -2.21 -3.89 -2.69 -2.60 -3.43 -4.61 -3.92 -6.40 -6.10
Effect of Exchange Rate Changes
-1.15 -5.83 9.52 - -0.35 4.58 -3.23 -6.97 3.08 -6.55 6.81

Quarterly Cash Flow Statements for Kadant

This table details how cash moves in and out of Kadant's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 1/3/2026 4/4/2026 7/4/2026
Net Change in Cash & Equivalents
27 -24 -7.44 15 6.21 -2.14 3.38 30 -4.23 -2.86 18
Net Cash From Operating Activities
59 23 28 52 52 23 40 47 61 22 54
Net Cash From Continuing Operating Activities
59 23 28 52 51 23 40 47 61 22 54
Net Income / (Loss) Continuing Operations
28 25 32 32 24 24 27 28 24 26 33
Consolidated Net Income / (Loss)
28 25 32 32 24 24 27 28 24 26 33
Depreciation Expense
8.38 12 12 13 13 12 12 12 15 15 16
Non-Cash Adjustments To Reconcile Net Income
4.51 3.63 3.88 4.14 6.88 4.85 4.71 4.01 6.72 6.70 4.52
Changes in Operating Assets and Liabilities, net
19 -18 -19 3.66 7.18 -18 -2.93 2.73 15 -25 0.60
Net Cash From Investing Activities
-11 -237 -64 -14 -3.27 -3.84 -3.10 -19 -179 -3.93 -181
Net Cash From Continuing Investing Activities
-11 -237 -64 -14 -3.27 -3.84 -3.10 -19 -179 -3.93 -181
Purchase of Property, Plant & Equipment
-9.76 -6.27 -4.97 -4.19 -5.58 -3.84 -3.97 -3.19 -6.05 -3.26 -11
Acquisitions
-1.18 -232 -59 -10 1.69 0.00 - -16 -174 -1.16 -171
Sale of Property, Plant & Equipment
1.10 1.27 0.03 0.02 -0.03 0.00 0.17 -0.03 0.11 0.49 -0.05
Net Cash From Financing Activities
-25 193 30 -26 -37 -23 -38 2.17 113 -20 147
Net Cash From Continuing Financing Activities
-25 193 30 -26 -37 -23 -38 2.17 113 -20 147
Repayment of Debt
-22 -33 -26 -32 -33 -23 -34 -15 -54 -19 -30
Payment of Dividends
-3.40 -3.40 -5.10 -3.76 -3.76 -4.59 -4.00 -4.00 -4.88 -5.00 -4.36
Issuance of Debt
- 234 61 10 - 8.00 - 21 170 9.00 182
Other Financing Activities, net
- -5.86 -0.54 -0.01 - -6.04 -0.02 -0.04 - -4.92 -0.00
Effect of Exchange Rate Changes
4.34 -2.31 -1.18 2.49 -5.55 1.95 4.40 -0.41 0.89 -0.80 -1.97

Annual Balance Sheets for Kadant

This table presents Kadant's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/2/2016 12/31/2016 12/30/2017 12/29/2018 12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024 1/3/2026
Total Assets
415 471 761 726 939 928 1,132 1,150 1,176 1,430 1,712
Total Current Assets
205 207 266 253 298 290 384 415 440 442 542
Cash & Equivalents
66 71 75 46 67 66 91 76 104 95 120
Restricted Cash
1.41 2.08 1.42 0.29 1.49 0.96 2.98 3.35 2.62 1.29 3.13
Accounts Receivable
71 69 92 108 109 99 126 130 134 161 159
Inventories, net
57 55 85 86 103 107 134 164 153 146 207
Other Current Assets
11 9.80 12 12 18 17 30 42 47 39 54
Plant, Property, & Equipment, net
42 48 80 80 0.00 0.00 108 119 0.00 170 197
Total Noncurrent Assets
168 216 415 393 642 638 640 616 735 818 974
Goodwill
119 151 268 258 336 352 397 385 392 479 556
Intangible Assets
38 53 133 113 174 161 199 176 159 279 350
Other Noncurrent Operating Assets
11 11 14 21 132 125 44 55 184 59 68
Total Liabilities & Shareholders' Equity
415 471 761 726 939 928 1,132 1,150 1,176 1,430 1,712
Total Liabilities
148 186 429 351 512 431 567 494 399 572 721
Total Current Liabilities
97 89 132 129 146 135 221 213 214 192 228
Short-Term Debt
5.25 0.64 0.70 1.67 2.85 1.47 5.36 3.82 3.21 3.38 3.13
Accounts Payable
24 24 35 36 46 32 59 58 42 51 53
Accrued Expenses
- - - - - - - - 8.15 11 12
Customer Deposits
20 21 30 27 24 29 59 64 63 36 57
Current Deferred Revenue
- 1.27 7.32 5.53 11 8.51 12 7.97 12 7.64 9.61
Current Employee Benefit Liabilities
20 21 30 31 32 31 37 36 42 44 47
Other Current Liabilities
22 21 29 28 30 32 49 44 44 39 46
Total Noncurrent Liabilities
51 97 296 222 366 296 345 281 185 381 493
Long-Term Debt
26 66 241 174 298 232 264 197 108 285 371
Noncurrent Deferred & Payable Income Tax Liabilities
8.99 15 29 23 20 22 35 39 36 42 62
Other Noncurrent Operating Liabilities
16 17 26 25 48 42 46 45 41 54 59
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
268 284 333 375 427 497 566 656 776 858 991
Total Preferred & Common Equity
267 283 331 373 426 495 564 654 774 847 980
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
267 283 331 373 426 495 564 654 774 847 980
Common Stock
101 102 103 105 107 111 116 120 125 130 139
Retained Earnings
297 321 343 394 435 479 552 661 763 860 946
Treasury Stock
-94 -90 -89 -86 -79 -76 -74 -72 -71 -71 -69
Accumulated Other Comprehensive Income / (Loss)
-37 -50 -27 -39 -38 -19 -30 -55 -43 -72 -35
Noncontrolling Interest
1.34 1.65 1.51 1.60 1.38 1.55 1.68 1.72 2.54 11 11

Quarterly Balance Sheets for Kadant

This table presents Kadant's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 4/1/2023 7/1/2023 9/30/2023 3/30/2024 6/29/2024 9/28/2024 3/29/2025 6/28/2025 9/27/2025 4/4/2026 7/4/2026
Total Assets
1,169 1,161 1,154 1,409 1,456 1,489 1,435 1,485 1,532 1,715 1,889
Total Current Assets
450 436 436 455 455 470 447 475 520 563 581
Cash & Equivalents
81 67 77 81 74 88 92 95 124 117 135
Restricted Cash
4.32 3.47 2.26 1.18 1.37 1.33 2.13 1.87 2.42 2.79 3.09
Accounts Receivable
131 148 140 150 150 155 146 153 159 172 169
Inventories, net
179 176 164 172 174 169 154 169 180 215 216
Other Current Assets
54 41 53 51 57 56 53 56 55 56 58
Plant, Property, & Equipment, net
120 126 129 171 174 175 171 175 177 193 229
Total Noncurrent Assets
599 600 589 784 827 845 818 835 835 959 1,080
Goodwill
388 389 384 460 478 493 485 498 497 551 661
Intangible Assets
171 167 161 274 290 292 275 273 271 341 354
Other Noncurrent Operating Assets
39 44 44 50 59 60 59 64 67 66 65
Total Liabilities & Shareholders' Equity
1,169 1,161 1,154 1,409 1,456 1,489 1,435 1,485 1,532 1,715 1,889
Total Liabilities
485 448 420 615 638 627 549 547 571 709 856
Total Current Liabilities
226 213 214 222 202 205 181 200 213 227 224
Short-Term Debt
3.35 3.46 3.12 3.24 3.23 3.26 3.38 3.26 3.39 3.16 3.18
Accounts Payable
58 49 44 56 54 51 49 53 51 55 56
Accrued Expenses
- - - - - - 10 9.98 10 10 12
Customer Deposits
80 71 67 66 48 46 36 48 49 64 49
Current Deferred Revenue
10 12 10 11 11 9.55 10 8.03 9.28 10 8.56
Current Employee Benefit Liabilities
30 32 37 36 38 43 35 38 46 38 46
Other Current Liabilities
44 46 51 51 47 52 37 41 44 46 48
Total Noncurrent Liabilities
259 235 207 393 436 421 368 347 358 481 631
Long-Term Debt
179 153 126 307 342 323 273 246 255 360 507
Noncurrent Deferred & Payable Income Tax Liabilities
40 39 38 41 41 41 43 45 46 63 64
Other Noncurrent Operating Liabilities
41 43 43 45 52 57 52 57 58 57 60
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
684 713 734 795 818 863 887 937 962 1,006 1,034
Total Preferred & Common Equity
682 711 732 783 808 852 876 926 950 996 1,023
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
682 711 732 783 808 852 876 926 950 996 1,023
Common Stock
118 120 123 122 125 128 128 131 134 137 139
Retained Earnings
685 712 739 784 812 839 880 902 926 967 995
Treasury Stock
-72 -72 -71 -71 -71 -71 -70 -70 -70 -69 -69
Accumulated Other Comprehensive Income / (Loss)
-49 -50 -59 -53 -58 -45 -62 -38 -40 -39 -43
Noncontrolling Interest
1.94 2.15 2.27 12 11 11 11 11 12 11 11

Annual Metrics And Ratios for Kadant

This table displays calculated financial ratios and metrics derived from Kadant's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/2/2016 12/31/2016 12/30/2017 12/29/2018 12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024 1/3/2026
DEI Shares Outstanding
- - - - - - - - - - 11,778,135.00
DEI Adjusted Shares Outstanding
- - - - - - - - - - 11,778,135.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - - 8.66
Growth Metrics
- - - - - - - - - - -
Profitability Metrics
- - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)
35 34 34 68 67 61 88 126 122 126 114
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 14.69% 13.73% 10.98% 8.32%
Earnings before Interest and Taxes (EBIT)
50 46 61 86 81 81 117 171 166 171 157
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
61 60 80 110 114 112 151 206 199 221 208
Valuation Ratios
- - - - - - - - - - -
Leverage & Solvency
- - - - - - - - - - -
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
23 -11 -187 61 -89 57 11 90 118 -144 -79
Efficiency Ratios
- - - - - - - - - - -
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
232 277 498 504 660 664 741 777 781 1,051 1,243
Increase / (Decrease) in Invested Capital
12 45 221 6.54 156 3.91 77 36 3.66 270 192
Book Value per Share
$24.73 $25.89 $30.07 $33.58 $37.76 $43.04 $48.60 $56.06 $66.09 $72.12 $83.19
Tangible Book Value per Share
$10.16 $7.19 ($6.36) $0.13 ($7.47) ($1.51) ($2.78) $7.95 $18.99 $7.53 $6.27
Total Capital
299 351 575 550 728 730 835 857 887 1,147 1,366
Total Debt
31 66 242 176 301 233 270 201 111 289 375
Total Long-Term Debt
26 66 241 174 298 232 264 197 108 285 371
Net Debt
-36 -7.16 165 130 233 167 175 121 4.42 193 252
Capital Expenditures (CapEx)
5.45 5.38 17 16 9.56 7.45 11 26 30 20 17
Debt-free, Cash-free Net Working Capital (DFCFNWC)
47 46 58 79 86 90 74 126 123 158 194
Debt-free Net Working Capital (DFNWC)
114 119 134 125 154 157 168 206 229 254 317
Net Working Capital (NWC)
108 118 134 124 151 155 162 202 226 251 314
Net Nonoperating Expense (NNE)
0.45 1.52 2.18 6.96 14 5.63 3.53 4.15 4.95 13 9.89
Net Nonoperating Obligations (NNO)
-36 -7.16 165 130 233 167 175 121 4.42 193 252
Total Depreciation and Amortization (D&A)
11 14 19 24 32 31 34 35 33 50 51
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$3.16 $2.95 $2.83 $5.45 $4.63 $4.81 $7.26 $10.38 $9.92 $9.51 $8.66
Adjusted Weighted Average Basic Shares Outstanding
10.87M 10.87M 10.99M 11.09M 11.24M 11.48M 11.58M 11.65M 11.70M 11.74M 11.77M
Adjusted Diluted Earnings per Share
$3.10 $2.88 $2.75 $5.30 $4.54 $4.77 $7.21 $10.35 $9.90 $9.48 $8.65
Adjusted Weighted Average Diluted Shares Outstanding
11.09M 11.15M 11.31M 11.40M 11.46M 11.56M 11.66M 11.69M 11.73M 11.77M 11.79M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $5.45 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
10.77M 10.94M 11.03M 11.12M 11.42M 11.54M 11.62M 11.67M 11.72M 11.75M 11.79M
Normalized Net Operating Profit after Tax (NOPAT)
35 34 34 69 69 64 89 112 122 126 114
Debt Service Ratios
- - - - - - - - - - -
Payout Ratios
- - - - - - - - - - -

Quarterly Metrics And Ratios for Kadant

This table displays calculated financial ratios and metrics derived from Kadant's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 1/3/2026 4/4/2026 7/4/2026
DEI Shares Outstanding
- - - - - - - - 11,778,135.00 11,789,023.00 11,808,462.00
DEI Adjusted Shares Outstanding
- - - - - - - - 11,778,135.00 11,789,023.00 11,808,462.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - 2.04 2.16 2.75
Growth Metrics
- - - - - - - - - - -
Revenue Growth
2.83% 8.36% 12.12% 11.23% 8.11% -3.92% -7.10% -0.02% - 17.68% 22.57%
EBITDA Growth
-0.27% 0.20% 17.73% 19.30% 5.57% -2.17% -14.84% -10.94% - 15.05% 29.09%
EBIT Growth
0.10% -7.97% 12.41% 12.51% -5.30% -3.60% -18.68% -13.02% - 12.72% 29.19%
NOPAT Growth
2.65% -5.76% 11.84% 10.32% -4.10% -4.07% -17.98% -15.67% - 6.85% 26.21%
Net Income Growth
5.16% -11.59% 5.44% 2.77% -12.57% -2.19% -15.63% -11.86% - 5.66% 23.30%
EPS Growth
4.48% -12.50% 4.72% 1.90% -12.45% -2.86% -16.54% -12.31% - 5.88% 23.87%
Operating Cash Flow Growth
68.46% -38.07% 24.86% 11.73% -12.40% 0.02% 44.24% -9.96% - -4.02% 32.18%
Free Cash Flow Firm Growth
390.77% -2,859.58% -2,034.19% -3,507.68% -1,085.87% 90.38% 111.12% 113.20% - -637.01% -1,097.33%
Invested Capital Growth
0.47% 30.93% 36.11% 40.22% 34.59% 4.64% 0.05% -0.63% - 16.83% 29.18%
Revenue Q/Q Growth
-2.25% 4.31% 10.36% -1.15% -5.00% -7.29% 6.71% 6.39% - -1.64% 11.14%
EBITDA Q/Q Growth
-8.49% 2.69% 24.17% 2.25% -19.03% -4.83% 8.08% 6.93% - 0.56% 21.28%
EBIT Q/Q Growth
-10.44% -5.35% 31.17% 1.18% -24.62% -3.65% 10.66% 8.22% - 1.00% 26.82%
NOPAT Q/Q Growth
-12.38% -0.70% 24.85% 1.56% -23.84% -0.67% 6.74% 4.43% - 3.58% 26.08%
Net Income Q/Q Growth
-11.20% -9.35% 26.37% 1.03% -24.46% 1.41% 9.01% 5.54% - 5.43% 27.21%
EPS Q/Q Growth
-11.41% -9.87% 26.67% 0.75% -23.88% 0.00% 8.82% 5.86% - 5.88% 27.31%
Operating Cash Flow Q/Q Growth
26.12% -61.46% 22.93% 86.98% -1.12% -55.99% 77.28% 16.72% - -63.93% 144.16%
Free Cash Flow Firm Q/Q Growth
417.74% -965.95% -18.90% -10.27% 13.17% 91.55% 237.49% 30.87% - 7.98% -86.06%
Invested Capital Q/Q Growth
-0.44% 30.94% 6.49% 1.01% -4.44% 1.80% 1.81% 0.33% - 0.55% 12.57%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
42.73% 44.57% 44.36% 44.71% 43.35% 46.12% 45.85% 45.17% - 45.01% 43.79%
EBITDA Margin
19.84% 19.53% 21.98% 22.73% 19.38% 19.89% 20.15% 20.25% - 19.45% 21.22%
Operating Margin
16.35% 14.83% 17.62% 18.04% 14.32% 14.88% 15.43% 15.69% - 14.25% 16.26%
EBIT Margin
16.33% 14.82% 17.61% 18.03% 14.31% 14.87% 15.42% 15.69% - 14.24% 16.25%
Profit (Net Income) Margin
11.55% 10.04% 11.49% 11.74% 9.34% 10.22% 10.44% 10.35% - 9.17% 10.50%
Tax Burden Percent
72.51% 76.08% 72.47% 72.72% 73.46% 75.74% 73.06% 70.50% - 71.80% 71.36%
Interest Burden Percent
97.51% 89.00% 90.01% 89.57% 88.86% 90.71% 92.63% 93.62% - 89.69% 90.52%
Effective Tax Rate
27.49% 23.92% 27.53% 27.28% 26.54% 24.26% 26.94% 29.50% - 28.20% 28.64%
Return on Invested Capital (ROIC)
14.58% 12.23% 13.61% 14.40% 12.10% 11.24% 10.60% 10.34% - 9.66% 10.71%
ROIC Less NNEP Spread (ROIC-NNEP)
13.41% 10.31% 11.65% 11.80% 9.01% 10.02% 9.59% 9.29% - 8.26% 9.40%
Return on Net Nonoperating Assets (RNNOA)
1.18% 2.26% 2.71% 2.12% 1.09% 2.45% 2.30% 1.87% - 1.86% 2.50%
Return on Equity (ROE)
15.76% 14.49% 16.33% 16.52% 13.18% 13.69% 12.91% 12.21% - 11.52% 13.22%
Cash Return on Invested Capital (CROIC)
15.16% -13.48% -17.48% -20.00% -15.74% 7.39% 10.83% 10.93% - -5.57% -15.61%
Operating Return on Assets (OROA)
13.45% 11.23% 13.55% 14.11% 11.57% 10.91% 10.74% 10.63% - 9.90% 11.10%
Return on Assets (ROA)
9.51% 7.60% 8.84% 9.19% 7.55% 7.50% 7.27% 7.02% - 6.37% 7.17%
Return on Common Equity (ROCE)
15.71% 14.35% 16.19% 16.38% 13.07% 13.50% 12.74% 12.06% - 11.39% 13.07%
Return on Equity Simple (ROE_SIMPLE)
0.00% 14.51% 14.26% 13.62% 0.00% 12.79% 0.00% 0.00% - 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
28 28 35 36 27 27 29 30 28 29 36
NOPAT Margin
11.85% 11.28% 12.77% 13.12% 10.52% 11.27% 11.27% 11.06% - 10.23% 11.60%
Net Nonoperating Expense Percent (NNEP)
1.16% 1.92% 1.96% 2.60% 3.08% 1.23% 1.01% 1.05% - 1.40% 1.32%
Return On Investment Capital (ROIC_SIMPLE)
3.19% - - - 2.37% 2.32% 2.43% 2.46% 2.04% 2.10% 2.35%
Cost of Revenue to Revenue
57.27% 55.43% 55.64% 55.29% 56.65% 53.88% 54.15% 54.83% - 54.99% 56.21%
SG&A Expenses to Revenue
25.06% 28.24% 25.48% 25.42% 27.35% 29.77% 28.97% 27.93% - 29.32% 26.09%
R&D to Revenue
1.45% 1.50% 1.27% 1.26% 1.43% 1.47% 1.46% 1.44% - 1.44% 1.43%
Operating Expenses to Revenue
26.38% 29.74% 26.75% 26.67% 29.04% 31.25% 30.43% 29.48% - 30.76% 27.53%
Earnings before Interest and Taxes (EBIT)
39 37 48 49 37 36 39 43 40 40 51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
47 49 60 62 50 48 51 55 54 55 66
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
4.22 4.90 4.27 4.62 4.86 4.50 3.98 3.75 - 3.39 3.56
Price to Tangible Book Value (P/TBV)
14.69 78.32 86.20 59.19 46.53 33.81 23.76 19.57 - 32.66 449.10
Price to Revenue (P/Rev)
3.41 3.92 3.42 3.80 3.91 3.78 3.60 3.48 - 3.08 3.16
Price to Earnings (P/E)
28.13 34.02 30.17 34.20 36.89 35.54 34.85 34.92 - 32.64 33.21
Dividend Yield
0.41% 0.35% 0.41% 0.36% 0.36% 0.38% 0.42% 0.44% - 0.48% 0.45%
Earnings Yield
3.55% 2.94% 3.31% 2.92% 2.71% 2.81% 2.87% 2.86% - 3.06% 3.01%
Enterprise Value to Invested Capital (EV/IC)
4.19 3.98 3.42 3.80 4.11 3.87 3.54 3.39 - 2.90 2.86
Enterprise Value to Revenue (EV/Rev)
3.42 4.17 3.70 4.04 4.10 3.97 3.76 3.62 - 3.32 3.50
Enterprise Value to EBITDA (EV/EBITDA)
16.45 20.46 17.91 19.16 19.57 18.83 18.27 18.15 - 16.83 17.47
Enterprise Value to EBIT (EV/EBIT)
19.75 25.07 22.21 24.12 25.24 24.36 23.95 23.98 - 22.44 23.25
Enterprise Value to NOPAT (EV/NOPAT)
26.87 33.94 30.12 32.89 34.31 33.16 32.51 32.81 - 31.44 32.76
Enterprise Value to Operating Cash Flow (EV/OCF)
19.76 26.88 23.72 25.70 27.82 26.65 22.97 22.80 - 21.30 21.96
Enterprise Value to Free Cash Flow (EV/FCFF)
27.70 0.00 0.00 0.00 0.00 53.52 32.66 30.93 - 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.14 0.39 0.42 0.38 0.34 0.31 0.27 0.27 - 0.36 0.49
Long-Term Debt to Equity
0.14 0.39 0.42 0.37 0.33 0.31 0.26 0.26 - 0.36 0.49
Financial Leverage
0.09 0.22 0.23 0.18 0.12 0.24 0.24 0.20 - 0.23 0.27
Leverage Ratio
1.62 1.74 1.71 1.66 1.59 1.69 1.67 1.66 - 1.66 1.71
Compound Leverage Factor
1.58 1.55 1.54 1.48 1.42 1.53 1.55 1.55 - 1.49 1.55
Debt to Total Capital
12.50% 28.06% 29.67% 27.45% 25.16% 23.80% 20.98% 21.16% - 26.53% 33.06%
Short-Term Debt to Total Capital
0.36% 0.29% 0.28% 0.27% 0.29% 0.29% 0.27% 0.28% - 0.23% 0.21%
Long-Term Debt to Total Capital
12.14% 27.77% 29.39% 27.17% 24.87% 23.51% 20.71% 20.88% - 26.30% 32.86%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.29% 1.09% 0.92% 0.93% 0.96% 0.91% 0.95% 0.96% - 0.77% 0.70%
Common Equity to Total Capital
87.22% 70.85% 69.41% 71.62% 73.88% 75.29% 78.07% 77.89% - 72.70% 66.24%
Debt to EBITDA
0.56 1.56 1.66 1.50 1.31 1.26 1.18 1.26 - 1.69 2.21
Net Debt to EBITDA
0.02 1.14 1.30 1.09 0.87 0.83 0.72 0.64 - 1.13 1.62
Long-Term Debt to EBITDA
0.54 1.54 1.64 1.48 1.29 1.24 1.17 1.25 - 1.67 2.20
Debt to NOPAT
0.91 2.58 2.79 2.57 2.29 2.22 2.10 2.29 - 3.15 4.15
Net Debt to NOPAT
0.04 1.90 2.18 1.86 1.53 1.47 1.28 1.16 - 2.11 3.03
Long-Term Debt to NOPAT
0.88 2.56 2.76 2.54 2.26 2.19 2.07 2.26 - 3.12 4.13
Altman Z-Score
6.97 5.50 5.03 5.57 6.19 6.20 5.89 5.59 - 4.60 4.22
Noncontrolling Interest Sharing Ratio
0.30% 0.95% 0.84% 0.83% 0.83% 1.35% 1.25% 1.25% - 1.12% 1.12%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
2.05 2.05 2.25 2.29 2.31 2.47 2.38 2.45 - 2.47 2.59
Quick Ratio
1.11 1.04 1.11 1.19 1.24 1.32 1.24 1.33 - 1.27 1.35
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
25 -213 -254 -280 -243 -21 28 37 -164 -151 -281
Operating Cash Flow to CapEx
684.47% 456.44% 568.02% 1,259.37% 925.62% 595.28% 1,064.76% 1,465.63% - 791.48% 486.59%
Free Cash Flow to Firm to Interest Expense
14.70 -45.70 -48.78 -50.72 -52.33 -5.37 8.45 11.95 - -33.73 -52.96
Operating Cash Flow to Interest Expense
35.34 4.89 5.40 9.51 11.18 5.97 12.13 15.30 - 4.89 10.07
Operating Cash Flow Less CapEx to Interest Expense
30.18 3.82 4.45 8.76 9.97 4.97 10.99 14.25 - 4.27 8.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.82 0.76 0.77 0.78 0.81 0.73 0.70 0.68 - 0.69 0.68
Accounts Receivable Turnover
7.25 6.96 6.77 7.01 7.62 7.06 6.78 6.53 - 6.88 7.17
Inventory Turnover
3.42 3.14 3.24 3.46 3.93 3.55 3.29 3.22 - 3.27 3.32
Fixed Asset Turnover
0.00 6.71 6.71 6.82 0.00 6.11 5.87 5.82 - 6.02 5.71
Accounts Payable Turnover
10.81 9.72 10.96 12.19 12.61 11.02 10.54 11.11 - 11.50 11.76
Days Sales Outstanding (DSO)
50.35 52.47 53.90 52.07 47.89 51.67 53.86 55.91 - 53.07 50.89
Days Inventory Outstanding (DIO)
106.64 116.17 112.81 105.38 92.85 102.76 110.81 113.28 - 111.59 109.78
Days Payable Outstanding (DPO)
33.77 37.56 33.31 29.95 28.95 33.11 34.64 32.84 - 31.74 31.05
Cash Conversion Cycle (CCC)
123.23 131.08 133.40 127.50 111.78 121.32 130.03 136.35 - 132.92 129.63
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
781 1,022 1,088 1,099 1,051 1,070 1,089 1,093 1,243 1,250 1,407
Invested Capital Turnover
1.23 1.08 1.07 1.10 1.15 1.00 0.94 0.93 - 0.94 0.92
Increase / (Decrease) in Invested Capital
3.66 241 289 315 270 47 0.55 -6.89 192 180 318
Enterprise Value (EV)
3,272 4,073 3,727 4,179 4,320 4,138 3,851 3,703 - 3,629 4,028
Market Capitalization
3,265 3,833 3,446 3,931 4,116 3,944 3,688 3,561 - 3,375 3,644
Book Value per Share
$66.09 $66.76 $68.78 $72.52 $72.12 $74.52 $78.64 $80.65 $83.19 $84.45 $86.63
Tangible Book Value per Share
$18.99 $4.17 $3.40 $5.66 $7.53 $9.93 $13.18 $15.45 $6.27 $8.77 $0.69
Total Capital
887 1,105 1,164 1,189 1,147 1,163 1,186 1,220 1,366 1,370 1,544
Total Debt
111 310 345 326 289 277 249 258 375 363 511
Total Long-Term Debt
108 307 342 323 285 273 246 255 371 360 507
Net Debt
4.42 227 270 237 193 183 152 131 252 244 373
Capital Expenditures (CapEx)
8.65 5.00 4.94 4.17 5.61 3.84 3.80 3.22 5.94 2.77 11
Debt-free, Cash-free Net Working Capital (DFCFNWC)
123 153 181 178 158 176 181 184 194 219 222
Debt-free Net Working Capital (DFNWC)
229 236 257 268 254 269 278 311 317 338 360
Net Working Capital (NWC)
226 233 253 264 251 266 275 307 314 335 357
Net Nonoperating Expense (NNE)
0.73 3.11 3.50 3.73 3.04 2.52 2.13 1.93 3.31 2.98 3.46
Net Nonoperating Obligations (NNO)
4.42 227 270 237 193 183 152 131 252 244 373
Total Depreciation and Amortization (D&A)
8.38 12 12 13 13 12 12 12 15 15 16
Debt-free, Cash-free Net Working Capital to Revenue
12.79% 15.70% 18.02% 17.20% 15.02% 16.83% 17.67% 17.96% - 19.97% 19.29%
Debt-free Net Working Capital to Revenue
23.91% 24.15% 25.49% 25.88% 24.13% 25.82% 27.16% 30.35% - 30.91% 31.23%
Net Working Capital to Revenue
23.58% 23.82% 25.17% 25.56% 23.81% 25.50% 26.84% 30.02% - 30.63% 30.96%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$2.34 $2.11 $2.66 $2.69 $2.05 $2.05 $2.22 $2.35 $2.04 $2.16 $2.75
Adjusted Weighted Average Basic Shares Outstanding
11.70M 11.72M 11.74M 11.75M 11.74M 11.76M 11.78M 11.78M 11.77M 11.79M 11.81M
Adjusted Diluted Earnings per Share
$2.33 $2.10 $2.66 $2.68 $2.04 $2.04 $2.22 $2.35 $2.04 $2.16 $2.75
Adjusted Weighted Average Diluted Shares Outstanding
11.73M 11.74M 11.77M 11.78M 11.77M 11.78M 11.79M 11.80M 11.79M 11.80M 11.82M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
11.72M 11.74M 11.74M 11.75M 11.75M 11.78M 11.78M 11.78M 11.79M 11.81M 11.81M
Normalized Net Operating Profit after Tax (NOPAT)
28 28 35 36 27 27 29 30 28 29 36
Normalized NOPAT Margin
11.85% 11.28% 12.77% 13.12% 10.52% 11.27% 11.27% 11.14% - 10.23% 11.60%
Pre Tax Income Margin
15.93% 13.19% 15.86% 16.15% 12.71% 13.49% 14.28% 14.69% - 12.78% 14.71%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
23.26 7.90 9.31 8.88 7.95 9.31 11.79 13.79 - 8.94 9.57
NOPAT to Interest Expense
16.88 6.02 6.74 6.46 5.85 7.05 8.62 9.73 - 6.42 6.83
EBIT Less CapEx to Interest Expense
18.10 6.83 8.36 8.12 6.74 8.30 10.65 12.75 - 8.32 7.50
NOPAT Less CapEx to Interest Expense
11.72 4.95 5.79 5.70 4.64 6.05 7.48 8.68 - 5.80 4.76
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
11.32% 11.96% 13.28% 13.50% 14.23% 15.37% 15.05% 15.83% - 17.02% 16.39%
Augmented Payout Ratio
11.32% 11.96% 13.28% 13.50% 14.23% 15.37% 15.05% 15.83% - 17.02% 16.39%

Financials Breakdown Chart

Key Financial Trends

Kadant’s latest quarter shows solid profitability, but cash flow was under pressure. In Q1 2026, revenue rose modestly to $281.5 million and net income came in at $25.8 million, while diluted EPS held at $2.16. However, operating cash flow dropped sharply year over year, and the company ended the quarter with a net cash outflow after financing and investing activities.

  • Revenue grew year over year: Q1 2026 revenue increased to $281.5 million from $239.2 million in Q1 2025, showing continued top-line growth.
  • Gross profit remained strong: Gross profit reached $126.7 million, up from $110.3 million a year ago, indicating healthy underlying margins.
  • Operating income improved: Operating income rose to $40.1 million from $35.6 million in Q1 2025.
  • Net income stayed solid: Net income of $25.8 million was slightly above Q1 2025’s $24.4 million.
  • Balance sheet still carries substantial liquidity: Kadant finished Q1 2026 with $117.0 million in cash and equivalents, plus $2.8 million in restricted cash.
  • Equity base expanded: Total equity and noncontrolling interests increased to $1.01 billion from $886.6 million at Q1 2025.
  • Margins were mixed sequentially: Revenue and gross profit were slightly lower than Q4 2025, but profitability remained strong overall.
  • Debt remains meaningful: Long-term debt was $360.2 million and short-term debt was $3.2 million, so leverage is still a factor investors should watch.
  • Inventory and receivables are sizable: Inventories totaled $214.8 million and accounts receivable were $172.4 million, which ties up working capital.
  • Operating cash flow weakened materially: Net cash from operating activities fell to $21.9 million in Q1 2026 from $22.8 million in Q1 2025 and $60.8 million in Q4 2025, with working capital changes acting as a drag.
  • Free cash flow pressure continued: After capital spending, acquisitions, debt repayment, dividends, and other financing outflows, net cash and equivalents declined by $2.9 million in the quarter.
  • Debt repayment and dividends consumed cash: Kadant repaid $19.1 million of debt and paid $5.0 million in dividends during the quarter, adding to cash outflows.

Bottom line: Kadant continues to post respectable earnings growth and remains profitable, but cash generation has become less consistent. For investors, the key question is whether earnings strength will translate back into stronger operating cash flow over the next few quarters.

08/23/26 08:30 PM ETAI Generated. May Contain Errors.

Kadant Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Kadant's fiscal year ends in January. Their fiscal year 2026 ended on January 3, 2026.

Kadant's net income appears to be on an upward trend, with a most recent value of $103.68 million in 2025, rising from $34.68 million in 2015. The previous period was $112.55 million in 2024. Check out Kadant's forecast to explore projected trends and price targets.

Kadant's total operating income in 2025 was $157.29 million, based on the following breakdown:
  • Total Gross Profit: $475.73 million
  • Total Operating Expenses: $318.44 million

Over the last 10 years, Kadant's total revenue changed from $390.11 million in 2015 to $1.05 billion in 2025, a change of 169.7%.

Kadant's total liabilities were at $721.11 million at the end of 2025, a 26.0% increase from 2024, and a 388.7% increase since 2015.

In the past 10 years, Kadant's cash and equivalents has ranged from $45.83 million in 2018 to $119.55 million in 2025, and is currently $119.55 million as of their latest financial filing in 2025.

Over the last 10 years, Kadant's book value per share changed from 24.73 in 2015 to 83.19 in 2025, a change of 236.4%.



Financial statements for NYSE:KAI last updated on 8/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners