Kadant Inc (KAI) Financial Statements
Industry: Special Industry Machinery (No Metalworking Machinery)
In fiscal 2025, Kadant reported revenue of $1.05B, down 0.1% from $1.05B the year before. Net income was $102.0M (a 9.7% net margin), or $8.65 per diluted share. Gross margin was 45.2% and operating margin was 14.9%. Operating activities generated $171.3M of cash, leaving $154.3M of free cash flow. At fiscal year end, Kadant held $1.71B in total assets against $732.4M in total liabilities, including $119.6M of cash and equivalents.
Open the full interactive Kadant financials → Quarterly statements, key ratios, valuation history and price charts.
Kadant Key Stats
| Share Price | $261.54 |
|---|---|
| Market Cap | $3.09B |
| P/E Ratio | 30.2 |
| Revenue YoY Growth | -0.1% |
| 52-Week Range | $246.63 – $346.52 |
| Shares Outstanding | 11.8 million (basic, 2026 Q2) |
Kadant Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $635.0M | $786.6M | $904.7M | $957.7M | $1.05B | $1.05B |
| Cost of Goods Sold | $357.7M | $449.2M | $515.2M | $541.4M | $587.2M | $576.5M |
| Gross Profit | $277.3M | $337.4M | $389.6M | $416.3M | $466.1M | $475.7M |
| Operating Income | $81.1M | $116.7M | $171.3M | $165.8M | $171.3M | $157.3M |
| Pre-Tax Income | $73.7M | $112.1M | $165.6M | $159.0M | $153.1M | $143.6M |
| Income Tax | $17.9M | $27.2M | $43.9M | $42.2M | $40.5M | $39.9M |
| Net Income | $55.2M | $84.0M | $120.9M | $116.1M | $111.6M | $102.0M |
| Diluted EPS | $4.77 | $7.21 | $10.35 | $9.90 | $9.48 | $8.65 |
Kadant Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $271.6M | $286.2M | $281.5M | $312.9M |
| Net Income | $27.7M | $24.0M | $25.5M | $32.5M |
| Diluted EPS | $2.35 | $2.04 | $2.16 | $2.75 |
Kadant Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $65.7M | $91.2M | $76.4M | $103.8M | $94.7M | $119.6M |
| Current Assets | $289.8M | $383.9M | $415.4M | $440.2M | $442.3M | $541.9M |
| Total Assets | $927.6M | $1.13B | $1.15B | $1.18B | $1.43B | $1.71B |
| Current Liabilities | $134.7M | $221.5M | $213.5M | $214.4M | $191.6M | $228.2M |
| Total Long-Term Debt | $233.5M | $264.2M | $197.3M | $107.7M | $285.2M | $371.4M |
| Total Liabilities | $432.2M | $568.3M | $496.0M | $402.0M | $583.2M | $732.4M |
| Shareholders' Equity | $495.4M | $563.9M | $653.8M | $773.7M | $847.1M | $979.8M |
Kadant Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $92.9M | $162.4M | $102.6M | $165.5M | $155.3M | $171.3M |
| Cash From Investing | -$14.5M | -$154.5M | -$29.5M | -$30.8M | -$319.1M | -$205.4M |
| Cash From Financing | -$84.6M | $22.8M | -$80.6M | -$111.1M | $159.9M | $54.0M |
| Free Cash Flow | $85.3M | $149.6M | $74.4M | $133.7M | $134.3M | $154.3M |
Figures from Kadant's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Kadant financials page for every line item.
Kadant Company Profile
| Ticker | KAI |
|---|---|
| Exchange | NYSE |
| Industry | Special Industry Machinery (No Metalworking Machinery) |
| Headquarters | Westford, Massachusetts |
| Incorporated in | Delaware |
| Fiscal Year End | January 2 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000886346 |
Frequently Asked Questions
What was Kadant's revenue in fiscal 2025?
Kadant (KAI) reported revenue of $1.05B for fiscal 2025.
What is Kadant's annual revenue history?
Kadant's annual revenue by fiscal year: 2020: $635.0M; 2021: $786.6M; 2022: $904.7M; 2023: $957.7M; 2024: $1.05B; 2025: $1.05B.
What was Kadant's net income in fiscal 2025?
Kadant reported net income of $102.0M for fiscal 2025.
What was Kadant's earnings per share (EPS) in fiscal 2025?
Kadant's diluted EPS was $8.65 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Kadant generate in fiscal 2025?
Kadant generated $154.3M of free cash flow in fiscal 2025.
What was Kadant's revenue last quarter?
In its most recent reported quarter (2026 Q2), Kadant reported revenue of $312.9M.
How much debt does Kadant have?
Kadant reported $371.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Kadant are outstanding?
Kadant reported a weighted average of 11.8 million basic shares outstanding in 2026 Q2.
What is Kadant's market cap?
Based on its latest closing price, Kadant (KAI) has a market capitalization of about $3.09B.
When does Kadant's fiscal year end?
Kadant's fiscal year end, as registered with the SEC, is January 2.
Where is Kadant headquartered?
Kadant lists its business address in Westford, Massachusetts in its SEC filings.
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