Kennametal (KMT) Financials

$37.53 +0.77 (+2.09%)

Closing price 03:59 PM Eastern

Extended Trading

$38.17 +0.65 (+1.72%)

As of 06:50 PM Eastern

Annual Income Statements for Kennametal

This table shows Kennametal'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	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-374	-226	49	200	242	-5.66	54	145	118	109	93
Consolidated Net Income / (Loss)	-371	-224	52	205	248	-5.05	58	150	123	114	99
Net Income / (Loss) Continuing Operations	-371	-224	52	205	248	7.99	58	150	123	114	99
Total Pre-Tax Income	-388	-199	82	275	311	1.96	65	207	160	144	132
Total Operating Income	-358	-43	95	290	329	22	102	218	192	170	143
Total Gross Profit	806	616	645	820	831	529	552	648	646	627	598
Total Revenue	2,647	2,098	2,058	2,368	2,375	1,885	1,841	2,012	2,078	2,047	1,967
Operating Revenue	2,647	2,098	2,058	2,368	2,375	1,885	1,841	2,012	2,078	2,047	1,967
Total Cost of Revenue	1,841	1,482	1,413	1,548	1,544	1,356	1,289	1,364	1,432	1,420	1,369
Operating Cost of Revenue	1,841	1,482	1,413	1,548	1,544	1,356	1,289	1,364	1,432	1,420	1,369
Total Operating Expenses	1,164	660	550	530	503	494	450	431	454	457	453
Selling, General & Admin Expense	555	495	469	-	-	388	407	419	437	-	431
Amortization Expense	27	21	17	15	14	14	14	13	13	12	11
Restructuring Charge	582	144	65	12	14	68	29	-1.24	4.11	12	12
Total Other Income / (Expense), net	-30	-155	-13	-15	-18	-20	-38	-10	-33	-26	-13
Interest Expense	31	28	29	30	33	35	46	26	28	26	25
Other Income / (Expense), net	1.67	-127	16	15	15	15	8.87	16	-4.30	0.70	12
Income Tax Expense	-17	25	30	70	63	7.01	6.24	57	36	31	33
Net Income / (Loss) Attributable to Noncontrolling Interest	2.94	2.08	2.84	4.88	5.95	0.61	3.98	5.58	4.91	4.32	5.58
Basic Earnings per Share	($4.71)	($2.83)	$0.61	$2.45	$2.94	($0.07)	$0.65	$1.74	$1.47	$1.38	$1.21
Weighted Average Basic Shares Outstanding	79.34M	79.84M	80.35M	81.54M	82.38M	83.05M	83.60M	83.25M	80.80M	79.39M	77.26M
Diluted Earnings per Share	($4.71)	($2.83)	$0.61	$2.42	$2.90	($0.07)	$0.65	$1.72	$1.46	$1.37	$1.20
Weighted Average Diluted Shares Outstanding	79.34M	79.84M	81.17M	82.75M	83.29M	83.05M	84.33M	83.94M	81.40M	79.97M	77.89M
Weighted Average Basic & Diluted Shares Outstanding	79.40M	79.80M	80.60M	81.70M	82.46M	82.93M	83.62M	81.34M	79.71M	77.90M	76.02M
Cash Dividends to Common per Share	$0.72	$0.80	$0.80	$0.80	$0.00	$0.00	$0.80	$0.80	-	$0.80	$0.80

This table shows Kennametal'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	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	36	30	23	19	37	22	18	31	22	23	34
Consolidated Net Income / (Loss)	38	30	24	21	38	23	19	33	23	25	35
Net Income / (Loss) Continuing Operations	43	30	24	21	38	23	19	33	23	25	35
Total Pre-Tax Income	47	38	22	29	55	31	27	43	30	34	49
Total Operating Income	56	45	28	35	61	36	32	44	31	38	53
Total Gross Profit	176	163	140	153	171	151	145	156	146	155	174
Total Revenue	550	492	495	516	543	482	482	486	516	498	530
Operating Revenue	550	492	495	516	543	482	482	486	516	498	530
Total Cost of Revenue	375	330	356	363	372	331	337	330	371	343	356
Operating Cost of Revenue	375	330	356	363	372	331	337	330	371	343	356
Total Operating Expenses	115	118	111	118	110	115	113	112	113	117	121
Selling, General & Admin Expense	110	112	107	109	105	112	109	104	106	113	116
Amortization Expense	3.15	3.05	2.74	2.89	2.88	2.72	2.72	2.70	2.65	2.37	2.38
Restructuring Charge	1.61	3.09	1.03	6.47	1.57	0.61	1.34	5.59	4.28	1.59	2.53
Total Other Income / (Expense), net	-8.81	-6.69	-6.16	-6.70	-6.22	-4.66	-4.70	-0.76	-2.51	-3.86	-3.99
Interest Expense	7.10	6.60	6.85	6.78	6.25	6.31	6.18	6.21	6.23	6.19	6.09
Other Income / (Expense), net	-1.72	-0.09	0.69	0.08	0.03	1.66	1.48	5.45	3.71	2.32	2.10
Income Tax Expense	9.38	8.06	-2.01	7.82	17	7.91	7.93	10	7.24	9.06	13
Net Income / (Loss) Attributable to Noncontrolling Interest	1.31	0.31	1.22	1.73	1.05	1.34	1.11	1.60	1.53	1.33	1.31
Basic Earnings per Share	$0.45	$0.38	$0.29	$0.24	$0.47	$0.28	$0.23	$0.41	$0.29	$0.31	$0.44
Weighted Average Basic Shares Outstanding	80.80M	80.03M	79.70M	79.23M	79.39M	78.07M	77.72M	77.04M	77.26M	76.13M	76.19M
Diluted Earnings per Share	$0.46	$0.37	$0.29	$0.24	$0.47	$0.28	$0.23	$0.41	$0.28	$0.30	$0.44
Weighted Average Diluted Shares Outstanding	81.40M	80.70M	80.11M	79.85M	79.97M	78.66M	78.38M	77.65M	77.89M	76.83M	77.08M
Weighted Average Basic & Diluted Shares Outstanding	79.71M	79.60M	79.27M	78.67M	77.90M	77.73M	77.36M	76.23M	76.02M	76.09M	76.20M
Cash Dividends to Common per Share	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	-	$0.20	$0.20

This table details how cash moves in and out of Kennametal'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	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Net Change in Cash & Equivalents	-72	56	29	366	-374	412	-453	-68	20	22	13
Net Cash From Operating Activities	351	222	195	277	301	224	236	-181	258	277	208
Net Cash From Continuing Operating Activities	351	222	195	277	301	211	236	187	258	277	208
Net Income / (Loss) Continuing Operations	-371	-224	52	205	248	-5.05	58	150	123	114	99
Consolidated Net Income / (Loss)	-371	-224	52	205	248	-5.05	58	150	123	114	99
Depreciation Expense	105	97	91	94	98	106	112	119	121	123	126
Amortization Expense	27	21	17	15	14	14	14	13	13	12	11
Non-Cash Adjustments To Reconcile Net Income	567	262	23	25	25	46	46	22	36	38	25
Changes in Operating Assets and Liabilities, net	24	67	13	-62	-85	50	4.49	-117	-35	-9.12	-52
Net Cash From Investing Activities	-85	-48	-113	-157	-201	-218	-123	-95	-89	-109	-62
Net Cash From Continuing Investing Activities	-85	-48	-113	-157	-201	-218	-123	-95	-89	-109	-62
Purchase of Property, Plant & Equipment	-101	-111	-118	-171	-212	-244	-127	-97	-94	-108	-89
Acquisitions	-	-	-	-	-	-	-	0.00	0.00	-4.01	0.00
Sale of Property, Plant & Equipment	16	5.98	5.02	14	11	2.62	4.37	0.92	5.03	5.43	1.84
Divestitures	0.00	56	-	0.00	0.00	24	0.00	1.00	0.00	0.00	19
Other Investing Activities, net	0.26	0.66	0.25	-0.23	-0.38	-0.76	-0.05	0.06	0.13	-3.28	6.62
Net Cash From Financing Activities	-333	-114	-53	247	-471	425	-574	-151	-143	-142	-134
Net Cash From Continuing Financing Activities	-333	-114	-53	247	-471	425	-574	-151	-143	-142	-134
Repayment of Debt	-379	-101	-33	-1.82	-401	497	-816	-11	-23	-2.76	-4.89
Repurchase of Common Equity	-0.32	-0.30	-0.24	-0.22	-0.21	-0.21	-0.20	-86	-49	-66	-60
Payment of Dividends	-43	-62	-46	-47	-70	-72	-66	-73	-71	-73	-69
Other Net Changes in Cash	-	-	-	-	-	-	-	-4.23	-5.17	-3.99	-0.01

This table details how cash moves in and out of Kennametal'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	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	3.56	-11	-4.36	1.38	37	-8.38	1.56	-24	43	-37	26
Net Cash From Operating Activities	132	26	63	75	114	46	55	29	79	17	55
Net Cash From Continuing Operating Activities	118	26	63	75	111	46	55	29	79	17	55
Net Income / (Loss) Continuing Operations	38	30	24	21	38	23	19	33	23	25	35
Consolidated Net Income / (Loss)	38	30	24	21	38	23	19	33	23	25	35
Depreciation Expense	30	30	30	31	32	31	31	31	32	33	32
Amortization Expense	3.15	3.05	2.74	2.89	2.88	2.72	2.72	2.70	2.65	2.37	2.38
Non-Cash Adjustments To Reconcile Net Income	1.45	17	13	15	-9.66	5.29	5.20	8.69	6.21	11	12
Changes in Operating Assets and Liabilities, net	46	-56	-7.16	6.30	47	-17	-3.09	-47	14	-53	-26
Net Cash From Investing Activities	-23	-29	-28	-30	-23	-20	-17	-23	-1.77	-23	-11
Net Cash From Continuing Investing Activities	-23	-29	-28	-30	-23	-20	-17	-23	-1.77	-23	-11
Purchase of Property, Plant & Equipment	-23	-32	-26	-27	-23	-25	-19	-24	-21	-23	-13
Sale of Property, Plant & Equipment	0.26	3.05	2.16	0.06	0.16	0.09	0.31	0.06	1.38	0.01	1.56
Other Investing Activities, net	0.03	0.03	-0.14	-3.01	-0.15	4.70	2.27	0.02	-0.38	0.26	0.07
Net Cash From Financing Activities	-93	-6.05	-40	-42	-53	-36	-32	-30	-36	-31	-19
Net Cash From Continuing Financing Activities	-93	-6.05	-40	-42	-53	-36	-32	-30	-36	-31	-19
Repayment of Debt	-22	7.22	-5.77	1.82	-6.03	0.03	-0.63	0.63	-4.92	0.42	-1.85
Repurchase of Common Equity	-12	-14	-15	-15	-22	-15	-15	-25	-5.04	-10	-0.04
Payment of Dividends	-16	-23	-17	-16	-18	-21	-16	-16	-16	-21	-17
Other Net Changes in Cash	-	-1.86	1.18	-1.91	-	2.18	-5.26	0.93	2.14	-0.75	0.30

This table presents Kennametal'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	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Total Assets	2,850	2,363	2,415	2,926	2,656	3,038	2,666	2,574	2,547	2,504	2,545
Total Current Assets	1,259	1,075	1,114	1,546	1,191	1,441	1,005	1,025	1,027	1,003	1,039
Cash & Equivalents	105	162	191	556	182	607	-	86	106	128	141
Accounts Receivable	445	371	380	401	380	238	303	295	307	303	295
Inventories, net	576	459	488	525	572	522	476	571	558	515	538
Other Current Assets	60	57	55	63	57	74	71	73	56	57	65
Plant, Property, & Equipment, net	816	731	744	824	935	1,038	1,055	1,002	969	938	920
Plant, Property & Equipment, gross	1,975	1,865	1,928	2,054	2,156	2,274	2,373	2,315	2,368	2,407	2,499
Accumulated Depreciation	1,159	1,135	1,183	1,230	1,221	1,236	1,318	1,313	1,399	1,469	1,579
Total Noncurrent Assets	775	557	557	555	531	559	606	547	551	563	586
Goodwill	417	298	301	302	300	271	278	264	270	272	283
Intangible Assets	287	207	191	176	161	133	120	106	93	81	67
Noncurrent Deferred & Refundable Income Taxes	24	14	28	17	21	47	59	55	66	79	90
Other Noncurrent Operating Assets	47	37	13	18	17	65	60	56	53	61	146
Total Liabilities & Shareholders' Equity	2,850	2,363	2,415	2,926	2,656	3,038	2,666	2,574	2,547	2,504	2,545
Total Liabilities	1,474	1,367	1,363	1,695	1,282	1,769	1,298	1,282	1,233	1,215	1,221
Total Current Liabilities	483	427	461	887	462	898	437	486	434	416	422
Short-Term Debt	16	1.90	0.93	400	-	500	8.37	21	0.69	1.38	0.98
Accounts Payable	187	182	216	222	213	165	178	228	203	192	196
Accrued Expenses	27	25	18	18	17	16	17	15	15	12	56
Current Deferred & Payable Income Tax Liabilities	25	17	6.20	19	29	28	18	29	25	13	8.55
Other Current Liabilities	179	152	153	151	143	158	172	151	149	157	161
Total Noncurrent Liabilities	991	940	901	809	820	871	860	797	799	799	798
Long-Term Debt	736	694	695	592	592	594	592	594	595	596	597
Noncurrent Deferred Revenue	3.00	3.10	2.64	6.25	9.04	9.58	4.25	6.37	1.45	1.48	1.94
Noncurrent Deferred & Payable Income Tax Liabilities	60	17	15	27	23	22	24	32	32	36	33
Noncurrent Employee Benefit Liabilities	163	201	161	160	174	175	171	113	116	110	113
Other Noncurrent Operating Liabilities	30	24	28	25	21	70	69	51	55	56	54
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	1,375	996	1,053	1,230	1,375	1,269	1,368	1,291	1,314	1,289	1,325
Total Preferred & Common Equity	1,346	964	1,017	1,194	1,335	1,230	1,330	1,253	1,275	1,250	1,284
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	1,346	964	1,017	1,194	1,335	1,230	1,330	1,253	1,275	1,250	1,284
Common Stock	519	536	575	614	632	642	667	596	565	514	469
Retained Earnings	1,070	781	766	901	1,077	1,005	993	1,071	1,125	1,170	1,202
Accumulated Other Comprehensive Income / (Loss)	-244	-353	-324	-320	-374	-417	-330	-414	-414	-435	-387
Noncontrolling Interest	30	31	35	36	40	39	39	39	39	39	41

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

Metric	Q3 2022	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2022	12/31/2022	3/31/2023	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025
Total Assets	2,660	2,579	2,604	2,513	2,544	2,519	2,522	2,436	2,491	2,519	2,596
Total Current Assets	1,043	1,048	1,079	1,011	1,010	1,000	1,004	969	1,013	1,033	1,121
Cash & Equivalents	100	77	93	95	91	92	120	121	97	103	129
Accounts Receivable	312	291	314	289	291	303	282	254	291	288	288
Inventories, net	562	606	595	570	571	548	543	537	556	565	622
Other Current Assets	70	75	77	56	58	57	58	57	69	76	82
Plant, Property, & Equipment, net	1,012	982	975	958	961	948	942	910	912	898	881
Plant, Property & Equipment, gross	2,354	2,341	2,358	2,367	2,416	2,413	2,460	2,414	2,462	2,498	2,507
Accumulated Depreciation	1,342	1,359	1,383	1,409	1,455	1,465	1,518	1,504	1,550	1,600	1,625
Total Noncurrent Assets	604	549	550	544	573	571	576	557	565	588	593
Goodwill	271	267	269	267	276	272	277	269	273	283	283
Intangible Assets	110	99	97	90	88	84	79	76	73	65	63
Noncurrent Deferred & Refundable Income Taxes	56	57	57	64	74	72	83	79	80	90	90
Other Noncurrent Operating Assets	167	125	127	123	135	143	137	134	139	151	158
Total Liabilities & Shareholders' Equity	2,660	2,579	2,604	2,513	2,544	2,519	2,522	2,436	2,491	2,519	2,596
Total Liabilities	1,298	1,289	1,287	1,214	1,216	1,213	1,204	1,176	1,212	1,193	1,238
Total Current Liabilities	460	494	489	420	414	413	398	382	416	397	439
Short-Term Debt	29	79	64	31	23	12	1.43	1.37	13	1.41	1.43
Accounts Payable	198	207	197	197	193	193	202	199	193	193	220
Accrued Expenses	51	42	47	42	42	45	44	38	47	48	47
Current Deferred & Payable Income Tax Liabilities	37	41	42	19	15	14	12	11	11	5.93	15
Other Current Liabilities	146	126	139	130	141	149	139	134	153	148	156
Total Noncurrent Liabilities	837	795	799	794	802	800	806	793	796	796	799
Long-Term Debt	593	595	595	595	596	596	596	596	597	597	597
Noncurrent Deferred Revenue	3.66	0.36	0.00	1.55	1.51	1.49	1.80	1.68	1.76	1.96	1.98
Noncurrent Deferred & Payable Income Tax Liabilities	24	32	33	31	32	32	37	35	36	33	31
Noncurrent Employee Benefit Liabilities	159	115	117	113	117	114	114	107	110	113	113
Other Noncurrent Operating Liabilities	58	53	54	53	56	56	56	53	52	52	55
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	1,362	1,289	1,316	1,299	1,328	1,306	1,318	1,260	1,279	1,326	1,358
Total Preferred & Common Equity	1,320	1,250	1,276	1,260	1,288	1,265	1,277	1,220	1,237	1,284	1,315
Preferred Stock	5.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,320	1,250	1,276	1,260	1,288	1,265	1,277	1,220	1,237	1,284	1,315
Common Stock	628	574	571	553	543	534	501	491	471	461	468
Retained Earnings	1,045	1,088	1,104	1,139	1,146	1,149	1,177	1,179	1,195	1,210	1,229
Accumulated Other Comprehensive Income / (Loss)	-353	-412	-399	-432	-401	-419	-401	-450	-429	-386	-382
Noncontrolling Interest	42	39	40	38	40	41	41	40	42	41	43

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.70%	-20.73%	-1.91%	15.04%	0.31%	-20.63%	-2.33%	9.29%	3.27%	-1.51%	-3.91%
EBITDA Growth	-157.34%	76.23%	509.30%	89.49%	10.27%	-65.60%	51.31%	53.81%	-11.82%	-5.13%	-4.48%
EBIT Growth	-236.32%	52.04%	164.82%	175.59%	12.82%	-89.22%	199.17%	110.43%	-19.49%	-9.14%	-9.07%
NOPAT Growth	-234.13%	87.85%	297.65%	259.80%	21.01%	-121.88%	261.09%	71.70%	-6.17%	-9.95%	-20.08%
Net Income Growth	-328.71%	39.65%	123.22%	294.50%	20.88%	-102.04%	1,257.46%	157.12%	-17.87%	-7.88%	-13.14%
EPS Growth	-336.68%	39.92%	121.55%	296.72%	19.83%	-102.41%	1,028.57%	164.62%	-15.12%	-6.16%	-12.41%
Operating Cash Flow Growth	29.27%	-36.69%	-12.20%	41.96%	8.37%	-25.55%	5.34%	-176.99%	242.16%	7.43%	-24.82%
Free Cash Flow Firm Growth	220.45%	-19.58%	-91.57%	161.24%	40.49%	-120.12%	219.30%	343.82%	9.22%	8.45%	-53.80%
Invested Capital Growth	-28.96%	-24.32%	1.39%	7.41%	7.16%	-1.60%	3.31%	0.36%	-0.94%	-2.55%	1.36%
Revenue Q/Q Growth	-4.84%	-5.26%	2.17%	3.55%	-1.74%	-10.66%	8.03%	0.00%	0.00%	-0.34%	-1.35%
EBITDA Q/Q Growth	-23.58%	-34.17%	5.63%	16.21%	-1.52%	-29.67%	20.46%	179.94%	138.40%	3.15%	-8.24%
EBIT Q/Q Growth	-12.57%	-5.84%	13.15%	22.82%	-2.44%	-64.50%	51.90%	0.00%	0.00%	4.41%	-14.49%
NOPAT Q/Q Growth	-13.56%	-28.12%	206.96%	35.16%	-2.52%	-163.24%	188.68%	0.00%	0.00%	-2.02%	-14.84%
Net Income Q/Q Growth	-7.32%	-65.04%	230.95%	27.75%	-2.78%	-107.59%	320.08%	0.00%	0.00%	0.44%	-13.28%
EPS Q/Q Growth	-6.80%	-63.58%	215.09%	27.37%	-3.01%	-108.97%	441.67%	0.00%	0.00%	0.74%	-13.67%
Operating Cash Flow Q/Q Growth	3.91%	-19.76%	22.18%	2.54%	8.54%	-22.61%	8.67%	-195.74%	273.95%	-6.14%	-14.40%
Free Cash Flow Firm Q/Q Growth	8.59%	17.25%	-64.96%	196.35%	14.41%	-123.18%	14.15%	317.00%	8,981.33%	-8.52%	-47.03%
Invested Capital Q/Q Growth	-6.39%	-12.20%	-1.52%	-2.06%	-3.24%	-3.04%	0.05%	-3.32%	-4.14%	-3.51%	-0.49%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.45%	29.36%	31.33%	34.64%	35.01%	28.08%	30.00%	32.20%	31.11%	30.64%	30.41%
EBITDA Margin	-8.48%	-2.54%	10.61%	17.48%	19.21%	8.33%	12.90%	18.15%	15.50%	14.93%	14.84%
Operating Margin	-13.52%	-2.07%	4.60%	12.26%	13.85%	1.18%	5.55%	10.84%	9.26%	8.32%	7.28%
EBIT Margin	-13.45%	-8.14%	5.38%	12.89%	14.49%	1.97%	6.03%	11.61%	9.05%	8.35%	7.90%
Profit (Net Income) Margin	-14.01%	-10.67%	2.53%	8.66%	10.44%	-0.27%	3.17%	7.46%	5.94%	5.55%	5.02%
Tax Burden Percent	95.70%	112.75%	63.49%	74.56%	79.64%	-257.50%	90.34%	72.65%	77.29%	78.67%	74.78%
Interest Burden Percent	108.84%	116.25%	73.95%	90.14%	90.42%	5.28%	58.23%	88.48%	84.85%	84.51%	84.93%
Effective Tax Rate	0.00%	0.00%	36.51%	25.44%	20.36%	357.50%	9.66%	27.35%	22.71%	21.33%	25.22%
Return on Invested Capital (ROIC)	-10.29%	-1.71%	3.91%	13.46%	15.18%	-3.24%	5.17%	8.72%	8.20%	7.52%	6.05%
ROIC Less NNEP Spread (ROIC-NNEP)	-26.05%	-34.51%	2.32%	11.02%	11.86%	8.40%	-2.09%	7.02%	3.23%	3.29%	4.25%
Return on Net Nonoperating Assets (RNNOA)	-11.94%	-17.17%	1.17%	4.51%	3.85%	2.85%	-0.74%	2.58%	1.27%	1.21%	1.51%
Return on Equity (ROE)	-22.23%	-18.88%	5.08%	17.96%	19.03%	-0.38%	4.43%	11.30%	9.47%	8.73%	7.55%
Cash Return on Invested Capital (CROIC)	23.56%	25.97%	2.52%	6.31%	8.27%	-1.62%	1.92%	8.36%	9.15%	10.10%	4.70%
Operating Return on Assets (OROA)	-10.60%	-6.55%	4.63%	11.43%	12.33%	1.30%	3.89%	8.92%	7.35%	6.77%	6.16%
Return on Assets (ROA)	-11.04%	-8.59%	2.18%	7.68%	8.88%	-0.18%	2.05%	5.73%	4.82%	4.50%	3.91%
Return on Common Equity (ROCE)	-21.82%	-18.40%	4.91%	17.40%	18.48%	-0.37%	4.30%	10.97%	9.19%	8.47%	7.32%
Return on Equity Simple (ROE_SIMPLE)	-27.56%	-23.22%	5.11%	17.17%	18.57%	-0.41%	4.39%	11.99%	9.67%	9.09%	0.00%
Net Operating Profit after Tax (NOPAT)	-250	-30	60	216	262	-57	92	158	149	134	107
NOPAT Margin	-9.46%	-1.45%	2.92%	9.14%	11.03%	-3.04%	5.01%	7.88%	7.16%	6.54%	5.44%
Net Nonoperating Expense Percent (NNEP)	15.76%	32.80%	1.58%	2.44%	3.32%	-11.63%	7.25%	1.70%	4.97%	4.23%	1.79%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	5.57%
Cost of Revenue to Revenue	69.55%	70.64%	68.67%	65.36%	64.99%	71.92%	70.00%	67.80%	68.89%	69.36%	69.59%
SG&A Expenses to Revenue	20.96%	23.59%	22.76%	0.00%	0.00%	20.60%	22.12%	20.83%	21.04%	21.16%	21.90%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	43.96%	31.43%	26.73%	22.38%	21.16%	26.21%	24.45%	21.41%	21.85%	22.32%	23.05%
Earnings before Interest and Taxes (EBIT)	-356	-171	111	305	344	37	111	234	188	171	155
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-224	-53	218	414	456	157	238	365	322	306	292
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.57	1.48	2.46	2.08	1.97	1.72	2.05	1.43	1.72	1.47	1.35
Price to Tangible Book Value (P/TBV)	3.30	3.11	4.76	3.46	3.01	2.56	2.93	2.03	2.40	2.05	1.86
Price to Revenue (P/Rev)	0.80	0.68	1.21	1.05	1.11	1.12	1.48	0.89	1.05	0.90	0.88
Price to Earnings (P/E)	0.00	0.00	50.85	12.38	10.88	0.00	50.17	12.37	18.49	16.80	18.61
Dividend Yield	2.70%	4.47%	2.58%	2.63%	2.50%	3.14%	2.45%	3.69%	2.93%	3.43%	3.52%
Earnings Yield	0.00%	0.00%	1.97%	8.08%	9.19%	0.00%	1.99%	8.08%	5.41%	5.95%	5.37%
Enterprise Value to Invested Capital (EV/IC)	1.38	1.30	1.96	1.77	1.73	1.50	1.77	1.29	1.51	1.33	1.25
Enterprise Value to Revenue (EV/Rev)	1.05	0.95	1.48	1.25	1.30	1.40	1.75	1.17	1.31	1.15	1.13
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	13.92	7.13	6.76	16.82	13.54	6.45	8.44	7.67	7.64
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	27.45	9.67	8.96	71.14	28.97	10.09	14.45	13.72	14.35
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	50.53	13.63	11.77	0.00	34.84	14.88	18.28	17.51	20.85
Enterprise Value to Operating Cash Flow (EV/OCF)	7.94	8.95	15.56	10.64	10.26	11.80	13.65	0.00	10.54	8.46	10.71
Enterprise Value to Free Cash Flow (EV/FCFF)	4.87	4.32	78.21	29.06	21.62	0.00	93.97	15.52	16.39	13.03	26.84
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.55	0.70	0.66	0.81	0.43	0.86	0.44	0.48	0.45	0.46	0.45
Long-Term Debt to Equity	0.54	0.70	0.66	0.48	0.43	0.47	0.43	0.46	0.45	0.46	0.45
Financial Leverage	0.46	0.50	0.50	0.41	0.32	0.34	0.35	0.37	0.39	0.37	0.35
Leverage Ratio	2.01	2.20	2.33	2.34	2.14	2.15	2.16	1.97	1.97	1.94	1.93
Compound Leverage Factor	2.19	2.56	1.73	2.11	1.94	0.11	1.26	1.74	1.67	1.64	1.64
Debt to Total Capital	35.34%	41.12%	39.80%	44.63%	30.12%	46.31%	30.50%	32.28%	31.20%	31.67%	31.09%
Short-Term Debt to Total Capital	0.74%	0.11%	0.05%	18.01%	0.00%	21.17%	0.42%	1.11%	0.04%	0.07%	0.05%
Long-Term Debt to Total Capital	34.60%	41.01%	39.75%	26.62%	30.12%	25.14%	30.08%	31.17%	31.16%	31.60%	31.04%
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%	0.00%
Noncontrolling Interests to Total Capital	1.39%	1.86%	2.02%	1.62%	2.01%	1.65%	1.96%	2.03%	2.03%	2.05%	2.12%
Common Equity to Total Capital	63.27%	57.02%	58.18%	53.75%	67.87%	52.04%	67.54%	65.69%	66.78%	66.27%	66.79%
Debt to EBITDA	-3.35	-13.03	3.19	2.40	1.30	6.97	2.53	1.68	1.85	1.95	2.05
Net Debt to EBITDA	-2.88	-10.01	2.31	1.05	0.90	3.11	1.88	1.45	1.52	1.54	1.57
Long-Term Debt to EBITDA	-3.28	-13.00	3.18	1.43	1.30	3.78	2.49	1.63	1.85	1.95	2.04
Debt to NOPAT	-3.00	-22.85	11.57	4.58	2.26	-19.10	6.51	3.88	4.01	4.46	5.59
Net Debt to NOPAT	-2.58	-17.54	8.40	2.01	1.57	-8.51	4.84	3.34	3.29	3.51	4.27
Long-Term Debt to NOPAT	-2.94	-22.79	11.55	2.73	2.26	-10.37	6.41	3.75	4.00	4.45	5.58
Altman Z-Score	2.23	2.07	2.87	2.73	3.45	2.06	2.87	2.75	3.02	2.89	2.78
Noncontrolling Interest Sharing Ratio	1.86%	2.58%	3.26%	3.13%	2.90%	2.97%	2.94%	2.91%	2.97%	2.98%	3.04%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.61	2.52	2.41	1.74	2.58	1.60	2.30	2.11	2.37	2.41	2.46
Quick Ratio	1.14	1.25	1.24	1.08	1.22	0.94	0.69	0.78	0.95	1.04	1.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	573	461	39	102	143	-29	34	152	166	180	83
Operating Cash Flow to CapEx	414.35%	212.47%	172.87%	177.03%	149.44%	92.63%	191.72%	-189.00%	288.67%	271.31%	239.10%
Free Cash Flow to Firm to Interest Expense	18.22	16.61	1.35	3.37	4.32	-0.82	0.74	5.86	5.82	6.80	3.33
Operating Cash Flow to Interest Expense	11.17	8.02	6.77	9.22	9.11	6.36	5.08	-7.00	9.05	10.47	8.36
Operating Cash Flow Less CapEx to Interest Expense	8.47	4.24	2.86	4.01	3.01	-0.51	2.43	-10.71	5.92	6.61	4.86
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.79	0.81	0.86	0.89	0.85	0.66	0.65	0.77	0.81	0.81	0.78
Accounts Receivable Turnover	5.42	5.14	5.48	6.06	6.08	6.10	6.81	6.73	6.90	6.71	6.58
Inventory Turnover	2.88	2.87	2.99	3.06	2.81	2.48	2.58	2.61	2.54	2.65	2.60
Fixed Asset Turnover	3.11	2.71	2.79	3.02	2.70	1.91	1.76	1.96	2.11	2.15	2.12
Accounts Payable Turnover	9.34	8.03	7.11	7.07	7.10	7.18	7.53	6.73	6.64	7.19	7.07
Days Sales Outstanding (DSO)	67.35	70.99	66.62	60.25	60.02	59.81	53.61	54.26	52.92	54.40	55.51
Days Inventory Outstanding (DIO)	126.80	127.34	122.21	119.46	129.69	147.26	141.42	140.06	143.84	137.83	140.38
Days Payable Outstanding (DPO)	39.08	45.48	51.36	51.60	51.40	50.82	48.47	54.24	54.97	50.76	51.66
Cash Conversion Cycle (CCC)	155.07	152.86	137.47	128.11	138.31	156.25	146.56	140.08	141.80	141.47	144.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,021	1,530	1,551	1,666	1,785	1,757	1,815	1,821	1,804	1,758	1,782
Invested Capital Turnover	1.09	1.18	1.34	1.47	1.38	1.06	1.03	1.11	1.15	1.15	1.11
Increase / (Decrease) in Invested Capital	-824	-492	21	115	119	-29	58	6.58	-17	-46	24
Enterprise Value (EV)	2,791	1,990	3,039	2,950	3,083	2,640	3,216	2,358	2,719	2,345	2,231
Market Capitalization	2,116	1,425	2,499	2,479	2,633	2,114	2,731	1,789	2,190	1,837	1,733
Book Value per Share	$16.98	$12.10	$12.63	$14.63	$16.21	$14.83	$15.90	$15.16	$15.89	$15.89	$16.84
Tangible Book Value per Share	$8.10	$5.76	$6.52	$8.77	$10.61	$9.97	$11.15	$10.68	$11.37	$11.40	$12.25
Total Capital	2,127	1,691	1,749	2,222	1,967	2,363	1,969	1,907	1,910	1,886	1,922
Total Debt	752	695	696	992	592	1,094	600	616	596	597	598
Total Long-Term Debt	736	694	695	592	592	594	592	594	595	596	597
Net Debt	646	534	505	436	410	488	446	530	490	469	457
Capital Expenditures (CapEx)	85	105	113	157	201	242	123	96	89	102	87
Debt-free, Cash-free Net Working Capital (DFCFNWC)	686	488	463	504	547	436	422	475	487	460	477
Debt-free Net Working Capital (DFNWC)	792	650	653	1,060	729	1,043	576	560	594	588	618
Net Working Capital (NWC)	776	648	652	660	729	543	567	539	593	587	617
Net Nonoperating Expense (NNE)	120	193	8.18	11	14	-52	34	8.29	25	20	8.31
Net Nonoperating Obligations (NNO)	646	534	498	436	410	488	446	530	490	469	457
Total Depreciation and Amortization (D&A)	132	117	108	109	112	120	126	132	134	135	136
Debt-free, Cash-free Net Working Capital to Revenue	25.91%	23.27%	22.48%	21.27%	23.03%	23.15%	22.90%	23.59%	23.46%	22.47%	24.27%
Debt-free Net Working Capital to Revenue	29.90%	30.97%	31.74%	44.76%	30.70%	55.33%	31.27%	27.84%	28.56%	28.73%	31.42%
Net Working Capital to Revenue	29.31%	30.88%	31.70%	27.86%	30.70%	28.79%	30.81%	26.79%	28.53%	28.66%	31.37%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($4.71)	($2.83)	$0.61	$2.45	$2.94	($0.07)	$0.65	$1.74	$1.47	$1.38	$1.21
Adjusted Weighted Average Basic Shares Outstanding	79.34M	79.84M	80.35M	81.54M	82.38M	83.05M	83.60M	83.25M	80.80M	79.39M	77.26M
Adjusted Diluted Earnings per Share	($4.71)	($2.83)	$0.61	$2.42	$2.90	($0.07)	$0.65	$1.72	$1.46	$1.37	$1.20
Adjusted Weighted Average Diluted Shares Outstanding	79.34M	79.84M	81.17M	82.75M	83.29M	83.05M	84.33M	83.94M	81.40M	79.97M	77.89M
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	79.42M	79.70M	80.67M	81.65M	82.46M	82.93M	83.62M	81.34M	79.71M	77.90M	76.02M
Normalized Net Operating Profit after Tax (NOPAT)	157	70	101	225	273	84	119	158	152	143	116
Normalized NOPAT Margin	5.93%	3.35%	4.93%	9.52%	11.50%	4.48%	6.44%	7.83%	7.31%	7.01%	5.89%
Pre Tax Income Margin	-14.64%	-9.46%	3.98%	11.62%	13.10%	0.10%	3.51%	10.27%	7.68%	7.06%	6.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-11.32	-6.16	3.84	10.14	10.43	1.06	2.39	9.02	6.60	6.46	6.23
NOPAT to Interest Expense	-7.96	-1.10	2.09	7.20	7.94	-1.63	1.99	6.12	5.22	5.06	4.29
EBIT Less CapEx to Interest Expense	-14.01	-9.93	-0.08	4.94	4.34	-5.81	-0.26	5.31	3.47	2.60	2.74
NOPAT Less CapEx to Interest Expense	-10.66	-4.87	-1.83	1.99	1.84	-8.50	-0.66	2.41	2.08	1.20	0.80
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-11.63%	-27.86%	88.13%	22.98%	28.44%	-1,421.97%	112.83%	48.92%	57.20%	64.60%	69.81%
Augmented Payout Ratio	-11.71%	-27.99%	88.59%	23.09%	28.52%	-1,426.11%	113.17%	105.87%	97.15%	122.30%	130.72%

This table displays calculated financial ratios and metrics derived from Kennametal'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	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-0.47%	-0.36%	-3.78%	-1.26%	-2.14%	-2.68%	-5.70%	-4.94%	3.33%	9.85%
EBITDA Growth	156.46%	-2.00%	-10.90%	-19.53%	10.72%	-9.29%	8.41%	21.27%	-27.21%	5.17%	32.72%
EBIT Growth	0.00%	-5.24%	-16.44%	-31.43%	13.30%	-16.31%	13.64%	40.25%	-42.89%	5.83%	65.21%
NOPAT Growth	0.00%	1.35%	6.41%	-35.53%	-5.03%	-24.42%	-27.98%	31.62%	-43.86%	1.88%	70.34%
Net Income Growth	0.00%	2.47%	6.12%	-37.37%	1.31%	-22.73%	-21.75%	59.74%	-39.52%	4.96%	84.89%
EPS Growth	0.00%	8.82%	7.41%	-38.46%	2.17%	-24.32%	-20.69%	70.83%	-40.43%	7.14%	91.30%
Operating Cash Flow Growth	148.01%	339.22%	-1.04%	2.01%	-13.75%	77.92%	-11.89%	-61.64%	-30.84%	-61.77%	-0.06%
Free Cash Flow Firm Growth	1,042.27%	-195.18%	1,983.62%	106.26%	42.85%	103.41%	133.52%	-24.15%	-100.00%	-95.19%	-136.76%
Invested Capital Growth	-0.94%	0.00%	-1.58%	-3.19%	-2.55%	-1.87%	-6.44%	-1.72%	1.36%	1.36%	5.20%
Revenue Q/Q Growth	2.65%	-10.50%	0.58%	4.13%	5.33%	-11.29%	0.02%	0.90%	6.18%	-3.58%	6.34%
EBITDA Q/Q Growth	1.90%	-9.78%	-21.12%	10.97%	40.20%	-26.08%	-5.74%	24.14%	-15.85%	6.80%	18.95%
EBIT Q/Q Growth	5.30%	-16.94%	-35.23%	21.04%	73.99%	-38.65%	-12.05%	49.39%	-29.15%	13.69%	37.30%
NOPAT Q/Q Growth	12.93%	-20.41%	-12.94%	-17.61%	66.36%	-36.66%	-17.03%	50.56%	-29.04%	14.94%	38.71%
Net Income Q/Q Growth	14.13%	-19.53%	-19.89%	-14.87%	84.62%	-38.63%	-18.87%	73.78%	-30.10%	6.52%	42.90%
EPS Q/Q Growth	17.95%	-19.57%	-21.62%	-17.24%	95.83%	-40.43%	-17.86%	78.26%	-31.71%	7.14%	46.67%
Operating Cash Flow Q/Q Growth	78.85%	-80.49%	143.46%	20.06%	51.22%	-59.75%	20.57%	-47.73%	172.61%	-77.75%	215.20%
Free Cash Flow Firm Q/Q Growth	49.42%	-2,994.39%	103.39%	40.83%	3.48%	-30.93%	131.99%	-54.25%	-100.00%	145,426.03%	-1,872.44%
Invested Capital Q/Q Growth	-4.14%	1.45%	1.42%	-1.85%	-3.51%	2.16%	-3.30%	3.10%	-0.49%	2.17%	0.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.93%	33.08%	28.18%	29.71%	31.54%	31.33%	30.09%	32.15%	28.21%	31.04%	32.83%
EBITDA Margin	15.82%	15.95%	12.51%	13.33%	17.74%	14.78%	13.93%	17.14%	13.58%	15.05%	16.83%
Operating Margin	10.16%	9.16%	5.75%	6.83%	11.30%	7.48%	6.57%	9.06%	6.07%	7.54%	9.95%
EBIT Margin	9.85%	9.14%	5.89%	6.84%	11.31%	7.82%	6.88%	10.18%	6.79%	8.01%	10.34%
Profit (Net Income) Margin	6.86%	6.17%	4.91%	4.02%	7.04%	4.87%	3.95%	6.80%	4.48%	4.95%	6.65%
Tax Burden Percent	80.10%	79.03%	109.00%	72.60%	69.29%	74.80%	70.60%	76.40%	76.15%	73.10%	72.32%
Interest Burden Percent	86.91%	85.34%	76.52%	80.80%	89.83%	83.25%	81.35%	87.45%	86.57%	84.49%	88.88%
Effective Tax Rate	19.90%	20.97%	-9.00%	27.40%	30.71%	25.20%	29.40%	23.60%	23.85%	26.90%	27.68%
Return on Invested Capital (ROIC)	9.33%	16.42%	6.95%	5.50%	9.00%	6.28%	5.22%	7.64%	5.14%	6.05%	8.20%
ROIC Less NNEP Spread (ROIC-NNEP)	7.95%	14.43%	5.75%	4.60%	8.10%	5.59%	4.56%	7.53%	4.97%	5.47%	7.58%
Return on Net Nonoperating Assets (RNNOA)	3.11%	5.91%	2.47%	1.90%	2.99%	2.16%	1.77%	2.99%	1.76%	2.01%	2.74%
Return on Equity (ROE)	12.45%	22.33%	9.42%	7.40%	11.99%	8.44%	6.99%	10.63%	6.90%	8.06%	10.94%
Cash Return on Invested Capital (CROIC)	9.15%	-183.69%	9.64%	10.62%	10.10%	8.79%	13.19%	8.69%	4.70%	4.59%	1.85%
Operating Return on Assets (OROA)	8.00%	15.11%	4.77%	5.49%	9.16%	6.33%	5.59%	8.10%	5.29%	6.30%	8.35%
Return on Assets (ROA)	5.57%	10.19%	3.98%	3.22%	5.70%	3.94%	3.21%	5.41%	3.49%	3.89%	5.36%
Return on Common Equity (ROCE)	12.08%	21.67%	9.13%	7.17%	11.63%	8.18%	6.78%	10.29%	6.69%	7.81%	10.59%
Return on Equity Simple (ROE_SIMPLE)	0.00%	9.85%	9.75%	8.95%	0.00%	8.36%	8.32%	9.20%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	45	36	31	26	43	27	22	34	24	27	38
NOPAT Margin	8.14%	7.24%	6.27%	4.96%	7.83%	5.59%	4.64%	6.92%	4.63%	5.51%	7.19%
Net Nonoperating Expense Percent (NNEP)	1.38%	1.99%	1.19%	0.90%	0.90%	0.69%	0.66%	0.11%	0.16%	0.58%	0.61%
Return On Investment Capital (ROIC_SIMPLE)	-	-	1.59%	-	-	-	1.20%	1.78%	1.24%	1.43%	1.95%
Cost of Revenue to Revenue	68.07%	66.92%	71.82%	70.29%	68.46%	68.67%	69.91%	67.85%	71.79%	68.96%	67.17%
SG&A Expenses to Revenue	19.99%	22.67%	21.67%	21.07%	19.42%	23.17%	22.68%	21.38%	20.50%	22.70%	21.96%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.85%	23.92%	22.43%	22.88%	20.23%	23.86%	23.52%	23.09%	21.84%	23.49%	22.89%
Earnings before Interest and Taxes (EBIT)	54	45	29	35	61	38	33	50	35	40	55
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	87	79	62	69	96	71	67	83	70	75	89
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.72	1.52	1.55	1.54	1.47	1.58	1.53	1.33	1.35	1.24	1.64
Price to Tangible Book Value (P/TBV)	2.40	2.12	2.15	2.14	2.05	2.19	2.13	1.85	1.86	1.70	2.23
Price to Revenue (P/Rev)	1.05	0.92	0.96	0.95	0.90	0.99	0.92	0.83	0.88	0.80	1.06
Price to Earnings (P/E)	18.49	15.96	16.38	17.92	16.80	19.92	19.41	15.16	18.61	16.87	19.61
Dividend Yield	2.93%	3.32%	3.20%	3.26%	3.43%	3.09%	3.33%	3.76%	3.52%	3.82%	2.82%
Earnings Yield	5.41%	6.27%	6.11%	5.58%	5.95%	5.02%	5.15%	6.60%	5.37%	5.93%	5.10%
Enterprise Value to Invested Capital (EV/IC)	1.51	1.36	1.38	1.37	1.33	1.41	1.37	1.23	1.25	1.17	1.46
Enterprise Value to Revenue (EV/Rev)	1.31	1.20	1.23	1.22	1.15	1.25	1.18	1.10	1.13	1.07	1.32
Enterprise Value to EBITDA (EV/EBITDA)	8.44	7.77	8.18	8.45	7.67	8.51	7.85	6.92	7.64	7.20	8.42
Enterprise Value to EBIT (EV/EBIT)	14.45	13.41	14.23	15.29	13.72	15.52	14.23	12.11	14.35	13.50	14.92
Enterprise Value to NOPAT (EV/NOPAT)	18.28	16.68	16.99	18.31	17.51	20.28	20.31	17.52	20.85	19.78	21.71
Enterprise Value to Operating Cash Flow (EV/OCF)	10.54	8.46	8.71	8.48	8.46	8.54	8.23	9.05	10.71	11.81	14.85
Enterprise Value to Free Cash Flow (EV/FCFF)	16.39	0.00	14.19	12.73	13.03	15.93	10.06	14.03	26.84	25.62	81.20
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.45	0.48	0.47	0.47	0.46	0.45	0.47	0.48	0.45	0.45	0.44
Long-Term Debt to Equity	0.45	0.46	0.45	0.46	0.46	0.45	0.47	0.47	0.45	0.45	0.44
Financial Leverage	0.39	0.41	0.43	0.41	0.37	0.39	0.39	0.40	0.35	0.37	0.36
Leverage Ratio	1.97	1.93	1.96	1.95	1.94	1.92	1.92	1.94	1.93	1.91	1.92
Compound Leverage Factor	1.71	1.65	1.50	1.58	1.74	1.60	1.57	1.69	1.67	1.61	1.71
Debt to Total Capital	31.20%	32.54%	31.79%	31.77%	31.67%	31.20%	32.17%	32.26%	31.09%	31.10%	30.60%
Short-Term Debt to Total Capital	0.04%	1.62%	1.20%	0.64%	0.07%	0.07%	0.07%	0.67%	0.05%	0.07%	0.07%
Long-Term Debt to Total Capital	31.16%	30.92%	30.59%	31.13%	31.60%	31.12%	32.10%	31.60%	31.04%	31.03%	30.53%
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%	0.00%
Noncontrolling Interests to Total Capital	2.03%	1.99%	2.07%	2.16%	2.05%	2.13%	2.16%	2.23%	2.12%	2.15%	2.18%
Common Equity to Total Capital	66.78%	65.46%	66.14%	66.07%	66.27%	66.67%	65.67%	65.51%	66.79%	66.75%	67.22%
Debt to EBITDA	1.85	1.95	1.98	2.05	1.95	2.00	1.97	1.91	2.05	2.02	1.89
Net Debt to EBITDA	1.52	1.66	1.69	1.74	1.54	1.60	1.57	1.61	1.57	1.67	1.48
Long-Term Debt to EBITDA	1.85	1.86	1.90	2.01	1.95	2.00	1.96	1.88	2.04	2.02	1.88
Debt to NOPAT	4.01	4.20	4.11	4.45	4.46	4.77	5.09	4.85	5.59	5.56	4.86
Net Debt to NOPAT	3.29	3.56	3.51	3.78	3.51	3.82	4.06	4.07	4.27	4.60	3.81
Long-Term Debt to NOPAT	4.00	3.99	3.95	4.36	4.45	4.76	5.08	4.75	5.58	5.55	4.85
Altman Z-Score	2.85	2.75	2.75	2.74	2.74	2.80	2.80	2.64	2.62	2.61	2.88
Noncontrolling Interest Sharing Ratio	2.97%	2.96%	3.03%	3.11%	2.98%	3.03%	3.11%	3.23%	3.04%	3.11%	3.16%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.37	2.41	2.44	2.42	2.41	2.52	2.53	2.44	2.46	2.60	2.55
Quick Ratio	0.95	0.91	0.92	0.96	1.04	1.01	0.98	0.93	1.03	0.99	0.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	62	-1,795	61	86	89	61	142	65	-0.00	2.94	-52
Operating Cash Flow to CapEx	571.71%	89.43%	266.05%	281.56%	490.58%	185.54%	291.71%	122.76%	391.33%	76.14%	494.12%
Free Cash Flow to Firm to Interest Expense	8.74	-271.86	8.88	12.63	14.18	9.69	22.96	10.45	0.00	0.48	-8.57
Operating Cash Flow to Interest Expense	18.57	3.90	9.14	11.09	18.19	7.25	8.92	4.64	12.63	2.83	9.05
Operating Cash Flow Less CapEx to Interest Expense	15.32	-0.46	5.71	7.15	14.48	3.34	5.87	0.86	9.40	-0.89	7.22
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.81	1.65	0.81	0.80	0.81	0.81	0.81	0.80	0.78	0.79	0.81
Accounts Receivable Turnover	6.90	0.00	7.13	6.65	6.71	7.13	7.43	6.71	6.58	6.95	7.49
Inventory Turnover	2.54	0.00	2.43	2.49	2.65	2.55	2.53	2.48	2.60	2.49	2.42
Fixed Asset Turnover	2.11	0.00	2.14	2.14	2.15	2.14	2.16	2.14	2.12	2.16	2.27
Accounts Payable Turnover	6.64	0.00	7.14	7.30	7.19	7.12	7.16	7.10	7.07	6.99	6.68
Days Sales Outstanding (DSO)	52.92	0.00	51.17	54.85	54.40	51.18	49.14	54.41	55.51	52.51	48.75
Days Inventory Outstanding (DIO)	143.84	0.00	150.37	146.62	137.83	143.03	144.11	147.02	140.38	146.48	151.04
Days Payable Outstanding (DPO)	54.97	0.00	51.09	50.03	50.76	51.27	50.95	51.38	51.66	52.24	54.61
Cash Conversion Cycle (CCC)	141.80	0.00	150.45	151.44	141.47	142.94	142.29	150.05	144.23	146.75	145.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,804	1,830	1,856	1,822	1,758	1,796	1,737	1,791	1,782	1,820	1,827
Invested Capital Turnover	1.15	2.27	1.11	1.11	1.15	1.12	1.13	1.10	1.11	1.10	1.14
Increase / (Decrease) in Invested Capital	-17	1,830	-30	-60	-46	-34	-120	-31	24	25	90
Enterprise Value (EV)	2,719	2,490	2,559	2,503	2,345	2,539	2,384	2,202	2,231	2,127	2,674
Market Capitalization	2,190	1,920	1,991	1,946	1,837	2,020	1,867	1,648	1,733	1,591	2,162
Book Value per Share	$15.89	$15.81	$16.18	$15.95	$15.89	$16.39	$15.70	$15.99	$16.84	$16.89	$17.28
Tangible Book Value per Share	$11.37	$11.34	$11.61	$11.45	$11.40	$11.82	$11.26	$11.51	$12.25	$12.32	$12.74
Total Capital	1,910	1,925	1,947	1,914	1,886	1,916	1,858	1,888	1,922	1,924	1,956
Total Debt	596	627	619	608	597	598	598	609	598	598	599
Total Long-Term Debt	595	595	596	596	596	596	596	597	597	597	597
Net Debt	490	531	528	516	469	478	477	512	457	495	469
Capital Expenditures (CapEx)	23	29	24	27	23	25	19	23	20	23	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	487	527	528	507	460	487	467	513	477	534	554
Debt-free Net Working Capital (DFNWC)	594	622	619	599	588	607	588	610	618	637	683
Net Working Capital (NWC)	593	591	596	587	587	605	587	598	617	636	682
Net Nonoperating Expense (NNE)	7.06	5.29	6.71	4.86	4.31	3.48	3.32	0.58	0.76	2.82	2.89
Net Nonoperating Obligations (NNO)	490	531	528	516	469	478	477	512	457	495	469
Total Depreciation and Amortization (D&A)	33	34	33	33	35	34	34	34	35	35	34
Debt-free, Cash-free Net Working Capital to Revenue	23.46%	25.38%	25.47%	24.68%	22.47%	23.93%	23.07%	25.72%	24.27%	26.92%	27.29%
Debt-free Net Working Capital to Revenue	28.56%	29.96%	29.85%	29.16%	28.73%	29.80%	29.06%	30.61%	31.42%	32.14%	33.66%
Net Working Capital to Revenue	28.53%	28.46%	28.72%	28.57%	28.66%	29.73%	28.99%	29.98%	31.37%	32.07%	33.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.45	$0.38	$0.29	$0.24	$0.47	$0.28	$0.23	$0.41	$0.29	$0.31	$0.44
Adjusted Weighted Average Basic Shares Outstanding	80.80M	80.03M	79.70M	79.23M	79.39M	78.07M	77.72M	77.04M	77.26M	76.13M	76.19M
Adjusted Diluted Earnings per Share	$0.46	$0.37	$0.29	$0.24	$0.47	$0.28	$0.23	$0.41	$0.28	$0.30	$0.44
Adjusted Weighted Average Diluted Shares Outstanding	81.40M	80.70M	80.11M	79.85M	79.97M	78.66M	78.38M	77.65M	77.89M	76.83M	77.08M
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	79.71M	79.60M	79.27M	78.67M	77.90M	77.73M	77.36M	76.23M	76.02M	76.09M	76.20M
Normalized Net Operating Profit after Tax (NOPAT)	46	38	21	30	44	27	23	38	27	29	40
Normalized NOPAT Margin	8.38%	7.74%	4.17%	5.87%	8.03%	5.69%	4.83%	7.80%	5.26%	5.75%	7.54%
Pre Tax Income Margin	8.56%	7.80%	4.51%	5.53%	10.16%	6.51%	5.59%	8.90%	5.88%	6.77%	9.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.64	6.82	4.26	5.21	9.83	5.97	5.36	7.97	5.64	6.45	8.99
NOPAT to Interest Expense	6.31	5.40	4.53	3.77	6.81	4.27	3.62	5.42	3.84	4.44	6.25
EBIT Less CapEx to Interest Expense	4.39	2.47	0.82	1.27	6.12	2.06	2.30	4.19	2.41	2.73	7.16
NOPAT Less CapEx to Interest Expense	3.07	1.05	1.10	-0.16	3.10	0.36	0.56	1.64	0.61	0.73	4.42
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	57.20%	58.41%	57.49%	63.38%	64.60%	67.28%	70.08%	62.33%	69.81%	69.11%	59.99%
Augmented Payout Ratio	97.15%	93.57%	95.72%	112.45%	122.30%	129.94%	136.01%	129.86%	130.72%	124.30%	94.57%

Financials Breakdown Chart

Key Financial Trends

Kennametal (KMT) has shown a mix of resilience and ongoing capital allocation activity across the last four years. Below is a concise, data-driven read on the latest quarters (primarily through Q2 2026) and how they compare to prior periods.

Profitability improved in the latest quarter: Consolidated net income rose to $35.2 million in Q2 2026 from $19.0 million in Q2 2025.
Revenue trend higher year over year: Operating revenue was $529.5 million in Q2 2026 vs $482.1 million in Q2 2025.
Healthy gross margin: Total gross profit of $173.9 million on $529.5 million in revenue (about 32.9% margin) in the same period.
EPS growth: Basic and diluted earnings per share were $0.44 in Q2 2026, versus about $0.31 in Q2 2025 (per-share expansion driven by higher net income).
Positive free cash flow in the latest quarter: Approximately $42 million in free cash flow (cash from operating activities around $55 million minus roughly $12.7 million in capital spending).
Solid cash position: Cash & equivalents rose to about $129.3 million at Q2 2026, up from roughly $121.2 million in Q2 2025.
Debt and leverage remain manageable: Long-term debt around $597 million and total liabilities around $1.24 billion, with leverage in a stable range.
Steady operating cash generation across periods: Net cash from operating activities has been consistently in the mid-to-high $50 million range in recent quarters, signaling durable cash flow from operations.
Shareholder returns ongoing: Cash dividends per share at $0.20 and occasional share repurchases reflect ongoing capital allocation to shareholders.
Inventory buildup and working capital pressure: Inventories net rose notably (e.g., $621.9 million in Q2 2026 vs $536.6 million in Q2 2025), implying higher working capital needs and potential push on turnover or obsolescence risk.
Investing activity remains capital intensive: Ongoing purchases of property, plant & equipment and other investing outflows weigh on near-term cash despite solid operating cash flow.

Overall, Kennametal’s top-line and profit trajectory in the latest quarter point to continued strength in demand and profitability versus a year ago, while the balance sheet shows steady leverage and a growing need to fund working capital and capex investments. Retail investors may view the solid cash generation and modest dividend policy as a positive, with attention paid to inventory dynamics and investing cadence as the company continues to invest for growth and efficiency improvements.

05/05/26 04:53 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Kennametal's Financials

When does Kennametal's financial year end?

According to the most recent income statement we have on file, Kennametal's fiscal year ends in June. Their fiscal year 2025 ended on June 30, 2025.

How has Kennametal's net income changed over the last 10 years?

Kennametal's net income appears to be on an upward trend, with a most recent value of $98.71 million in 2025, falling from -$370.96 million in 2015. The previous period was $113.64 million in 2024. See where experts think Kennametal is headed by visiting Kennametal's forecast page.

What is Kennametal's operating income?

Kennametal's total operating income in 2025 was $143.12 million, based on the following breakdown:

Total Gross Profit: $598.07 million
Total Operating Expenses: $453.44 million

How has Kennametal's revenue changed over the last 10 years?

Over the last 10 years, Kennametal's total revenue changed from $2.65 billion in 2015 to $1.97 billion in 2025, a change of -25.7%.

How much debt does Kennametal have?

Kennametal's total liabilities were at $1.22 billion at the end of 2025, a 0.5% increase from 2024, and a 17.2% decrease since 2015.

How much cash does Kennametal have?

In the past 10 years, Kennametal's cash and equivalents has ranged from $0.00 in 2021 to $606.68 million in 2020, and is currently $140.54 million as of their latest financial filing in 2025.

How has Kennametal's book value per share changed over the last 10 years?

Over the last 10 years, Kennametal's book value per share changed from 16.98 in 2015 to 16.84 in 2025, a change of -0.8%.

Related Companies

Financial statements for NYSE:KMT last updated on 2/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Kennametal (KMT) Financials

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