What is Kadant's earnings per share (EPS)?

Kadant (KAI) reported diluted earnings per share of $8.65 for fiscal year 2026. This represents a -8.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Kadant Financials

KAI

Source SEC Filings (10-K/10-Q) Updated Jan 3, 2026 Currency USD FYE January

This page shows Kadant (KAI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Cash-Backed

1.68x

For every $1 of reported earnings, Kadant generates $1.68 in operating cash flow ($171.3M OCF vs $102.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

10.1x

Kadant earns $10.1 in operating income for every $1 of interest expense ($157.3M vs $15.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.1B

YoY-0.1%

5Y CAGR+8.4%

10Y CAGR+11.8%

Kadant generated $1.1B in revenue in fiscal year 2026. This represents a decrease of 0.1% from the prior year.

EBITDA

$208.5M

YoY-5.6%

5Y CAGR+11.6%

10Y CAGR+17.1%

Kadant's EBITDA was $208.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 5.6% from the prior year.

Net Income

$102.0M

YoY-8.6%

5Y CAGR+14.4%

10Y CAGR+15.8%

Kadant reported $102.0M in net income in fiscal year 2026. This represents a decrease of 8.6% from the prior year.

EPS (Diluted)

$8.65

YoY-8.8%

5Y CAGR+13.8%

10Y CAGR+15.4%

Kadant earned $8.65 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 8.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$154.3M

YoY+14.9%

5Y CAGR+12.0%

10Y CAGR+16.4%

Kadant generated $154.3M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 14.9% from the prior year.

Cash & Debt

N/A

Dividends Per Share

$1.36

YoY+6.3%

5Y CAGR+8.1%

10Y CAGR+10.5%

Kadant paid $1.36 per share in dividends in fiscal year 2026. This represents an increase of 6.3% from the prior year.

Shares Outstanding

12M

YoY+0.3%

5Y CAGR+0.6%

10Y CAGR+0.6%

Kadant had 12M shares outstanding in fiscal year 2026. This represents an increase of 0.3% from the prior year.

Margins & Returns

Gross Margin

45.2%

YoY+1.0pp

5Y CAGR+3.5pp

10Y CAGR-0.6pp

Kadant's gross margin was 45.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.

Operating Margin

14.9%

YoY-1.3pp

5Y CAGR+2.5pp

10Y CAGR+5.3pp

Kadant's operating margin was 14.9% in fiscal year 2026, reflecting core business profitability. This is down 1.3 percentage points from the prior year.

Net Margin

9.7%

YoY-0.9pp

5Y CAGR+2.3pp

10Y CAGR+2.9pp

Kadant's net profit margin was 9.7% in fiscal year 2026, showing the share of revenue converted to profit. This is down 0.9 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$15.3M

YoY+6.6%

5Y CAGR+7.0%

10Y CAGR+8.6%

Kadant invested $15.3M in research and development in fiscal year 2026. This represents an increase of 6.6% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$17.0M

YoY-18.8%

5Y CAGR+11.4%

10Y CAGR+10.5%

Kadant invested $17.0M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 18.8% from the prior year.

KAI Income Statement

Metric	FY26	FY24	FY23	FY22	FY21	FY19
Revenue	$1.1B-0.1%	$1.1B+10.0%	$957.7M+5.9%	$904.7M+42.5%	$635.0M-9.9%	$704.6M
Cost of Revenue	$576.5M-1.8%	$587.2M+8.5%	$541.4M+5.1%	$515.2M+44.0%	$357.7M-12.9%	$410.9M
Gross Profit	$475.7M+2.1%	$466.1M+12.0%	$416.3M+6.9%	$389.6M+40.5%	$277.3M-5.6%	$293.8M
R&D Expenses	$15.3M+6.6%	$14.3M+5.6%	$13.6M+6.6%	$12.7M+12.6%	$11.3M+3.8%	$10.9M
SG&A Expenses	$301.9M+7.8%	$279.9M+18.5%	$236.3M+5.3%	$224.4M+23.4%	$181.9M-5.5%	$192.5M
Operating Income	$157.3M-8.2%	$171.3M+3.3%	$165.8M-3.2%	$171.3M+111.1%	$81.1M-7.6%	$87.8M
Interest Expense	$15.6M-22.3%	$20.0M+138.5%	$8.4M+29.6%	$6.5M-12.7%	$7.4M-41.8%	$12.8M
Income Tax	$39.9M-1.5%	$40.5M-4.0%	$42.2M-3.9%	$43.9M+144.6%	$17.9M+9.7%	$16.4M
Net Income	$102.0M-8.6%	$111.6M-3.9%	$116.1M-4.0%	$120.9M+119.1%	$55.2M+6.0%	$52.1M
EPS (Diluted)	$8.65-8.8%	$9.48-4.2%	$9.90-4.3%	$10.35+117.0%	$4.77+5.1%	$4.54

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$286.2M+5.4%	$271.6M+6.4%	$255.3M+6.7%	$239.2M-7.3%	$258.0M-5.0%	$271.6M-1.1%	$274.8M+10.4%	$249.0M
Cost of Revenue	$160.5M+7.8%	$148.9M+7.7%	$138.2M+7.3%	$128.9M-11.8%	$146.2M-2.7%	$150.2M-1.8%	$152.9M+10.8%	$138.0M
Gross Profit	$125.7M+2.5%	$122.7M+4.8%	$117.0M+6.1%	$110.3M-1.4%	$111.9M-7.9%	$121.4M-0.4%	$121.9M+9.8%	$111.0M
R&D Expenses	$4.1M+4.6%	$3.9M+5.2%	$3.7M+5.7%	$3.5M-4.7%	$3.7M+8.4%	$3.4M-2.1%	$3.5M-6.6%	$3.7M
SG&A Expenses	$80.9M+6.6%	$75.8M+2.6%	$73.9M+3.8%	$71.2M+0.9%	$70.6M+2.2%	$69.0M-1.4%	$70.0M-0.4%	$70.3M
Operating Income	$39.7M-6.8%	$42.6M+8.2%	$39.4M+10.7%	$35.6M-3.7%	$36.9M-24.6%	$49.0M+1.2%	$48.4M+31.1%	$36.9M
Interest Expense	$5.3M+72.3%	$3.1M-7.5%	$3.3M-12.7%	$3.8M-17.7%	$4.6M-15.8%	$5.5M+6.1%	$5.2M+11.4%	$4.7M
Income Tax	$10.5M-10.9%	$11.8M+19.8%	$9.8M+25.5%	$7.8M-10.1%	$8.7M-27.2%	$12.0M-0.2%	$12.0M+52.7%	$7.9M
Net Income	$24.0M-13.3%	$27.7M+6.0%	$26.2M+8.7%	$24.1M+0.1%	$24.0M-23.9%	$31.6M+0.9%	$31.3M+26.7%	$24.7M
EPS (Diluted)	N/A	$2.35+5.9%	$2.22+8.8%	$2.04	N/A	$2.68+0.8%	$2.66+26.7%	$2.10

KAI Balance Sheet

Metric	FY26	FY24	FY23	FY22	FY21	FY19
Total Assets	N/A	$1.4B+21.7%	$1.2B+2.2%	$1.1B+22.9%	$935.7M-0.4%	$939.4M
Current Assets	N/A	$442.3M+0.5%	$440.2M+6.0%	$415.4M+34.1%	$309.8M+4.1%	$297.6M
Cash & Equivalents	N/A	$94.7M-8.8%	$103.8M+36.0%	$76.4M+15.7%	$66.0M-1.2%	$66.8M
Inventory	N/A	$146.1M-4.3%	$152.7M-6.7%	$163.7M+45.4%	$112.6M+9.6%	$102.7M
Accounts Receivable	N/A	$142.5M+6.4%	$133.9M+2.8%	$130.3M+24.8%	$104.4M+9.0%	$95.7M
Goodwill	N/A	$479.2M+22.2%	$392.1M+1.7%	$385.5M+10.6%	$348.5M+3.7%	$336.0M
Total Liabilities	N/A	$583.2M+45.1%	$402.0M-19.0%	$496.0M+14.5%	$433.1M-15.7%	$513.7M
Current Liabilities	N/A	$191.6M-10.7%	$214.4M+0.4%	$213.5M+45.6%	$146.6M+0.3%	$146.2M
Long-Term Debt	N/A	$286.5M+162.6%	$109.1M-45.2%	$199.2M-9.9%	$221.1M-25.1%	$295.1M
Total Equity	N/A	$847.1M+9.5%	$773.7M+18.3%	$653.8M+30.1%	$502.6M+18.1%	$425.7M
Retained Earnings	N/A	$859.7M+12.7%	$763.1M+15.5%	$660.6M+34.0%	$493.1M+13.3%	$435.2M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$1.7B+11.7%	$1.5B+3.2%	$1.5B+3.4%	$1.4B+0.4%	$1.4B-4.0%	$1.5B+2.3%	$1.5B+3.3%	$1.4B
Current Assets	$541.9M+4.2%	$520.0M+9.5%	$474.7M+6.3%	$446.7M+1.0%	$442.3M-5.8%	$469.6M+3.1%	$455.3M+0.1%	$454.7M
Cash & Equivalents	$119.6M-4.0%	$124.5M+30.6%	$95.3M+4.0%	$91.7M-3.2%	$94.7M+7.1%	$88.4M+19.8%	$73.8M-9.4%	$81.4M
Inventory	$206.9M+15.1%	$179.7M+6.6%	$168.6M+9.8%	$153.5M+5.1%	$146.1M-13.7%	$169.3M-2.5%	$173.5M+0.9%	$172.0M
Accounts Receivable	$158.6M-0.1%	$158.8M+4.1%	$152.6M+4.6%	$145.9M+2.4%	$142.5M-8.1%	$155.0M+3.5%	$149.7M+0.1%	$149.6M
Goodwill	$555.6M+11.8%	$497.1M-0.1%	$497.8M+2.7%	$484.5M+1.1%	$479.2M-2.8%	$493.1M+3.2%	$478.0M+3.9%	$459.9M
Total Liabilities	$732.4M+25.8%	$582.4M+4.3%	$558.5M-0.2%	$559.5M-4.1%	$583.2M-8.5%	$637.6M-1.7%	$648.3M+3.4%	$626.7M
Current Liabilities	$228.2M+7.4%	$212.5M+6.4%	$199.8M+10.6%	$180.6M-5.7%	$191.6M-6.7%	$205.2M+1.6%	$202.0M-9.0%	$222.1M
Long-Term Debt	$372.7M+46.4%	$254.6M+3.6%	$245.7M-10.2%	$273.5M-4.5%	$286.5M-11.3%	$323.2M-5.5%	$342.0M+11.5%	$306.8M
Total Equity	$979.8M+3.2%	$949.8M+2.6%	$926.0M+5.7%	$876.0M+3.4%	$847.1M-0.5%	$851.7M+5.5%	$807.7M+3.2%	$782.7M
Retained Earnings	$945.6M+2.2%	$925.6M+2.6%	$901.9M+2.5%	$879.8M+2.3%	$859.7M+2.4%	$839.4M+3.4%	$811.6M+3.5%	$784.1M

KAI Cash Flow Statement

Metric	FY26	FY24	FY23	FY22	FY21	FY19
Operating Cash Flow	$171.3M+10.3%	$155.3M-6.2%	$165.5M+61.3%	$102.6M+10.5%	$92.9M-4.6%	$97.4M
Capital Expenditures	$17.0M-18.8%	$21.0M-34.1%	$31.9M+12.9%	$28.2M+271.3%	$7.6M-23.7%	$10.0M
Free Cash Flow	$154.3M+14.9%	$134.3M+0.4%	$133.7M+79.6%	$74.4M-12.7%	$85.3M-2.5%	$87.5M
Investing Cash Flow	-$205.4M+35.6%	-$319.1M-936.5%	-$30.8M-4.3%	-$29.5M-103.0%	-$14.5M+92.2%	-$187.4M
Financing Cash Flow	$54.0M-66.2%	$159.9M+243.9%	-$111.1M-37.9%	-$80.6M+4.7%	-$84.6M-175.2%	$112.5M
Dividends Paid	$15.8M+7.5%	$14.7M+11.0%	$13.2M+10.2%	$12.0M+10.1%	$10.9M+6.9%	$10.2M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$60.8M+28.6%	$47.3M+16.7%	$40.5M+77.3%	$22.8M-56.0%	$51.9M-1.1%	$52.5M+87.0%	$28.1M+22.9%	$22.8M
Capital Expenditures	$6.0M+89.4%	$3.2M-19.5%	$4.0M+3.4%	$3.8M-31.2%	$5.6M+33.2%	$4.2M-15.9%	$5.0M-20.7%	$6.3M
Free Cash Flow	$54.7M+24.2%	$44.1M+20.7%	$36.5M+92.2%	$19.0M-59.0%	$46.3M-4.1%	$48.3M+109.1%	$23.1M+39.4%	$16.6M
Investing Cash Flow	-$179.2M-829.1%	-$19.3M-521.4%	-$3.1M+19.1%	-$3.8M-17.5%	-$3.3M+77.2%	-$14.4M+77.7%	-$64.3M+72.9%	-$237.3M
Financing Cash Flow	$113.3M+5112.2%	$2.2M+105.7%	-$38.4M-66.3%	-$23.1M+37.4%	-$36.9M-41.4%	-$26.1M-187.1%	$29.9M-84.5%	$192.9M
Dividends Paid	$4.0M0.0%	$4.0M0.0%	$4.0M+6.4%	$3.8M+0.1%	$3.8M0.0%	$3.8M0.0%	$3.8M+10.7%	$3.4M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

KAI Financial Ratios

Metric	FY26	FY24	FY23	FY22	FY21	FY19
Gross Margin	45.2%+1.0pp	44.3%+0.8pp	43.5%+0.4pp	43.1%-0.6pp	43.7%+2.0pp	41.7%
Operating Margin	14.9%-1.3pp	16.3%-1.1pp	17.3%-1.6pp	18.9%+6.2pp	12.8%+0.3pp	12.5%
Net Margin	9.7%-0.9pp	10.6%-1.5pp	12.1%-1.3pp	13.4%+4.7pp	8.7%+1.3pp	7.4%
Return on Equity	N/A	13.2%-1.8pp	15.0%-3.5pp	18.5%+7.5pp	11.0%-1.3pp	12.2%
Return on Assets	N/A	7.8%-2.1pp	9.9%-0.7pp	10.5%+4.6pp	5.9%+0.4pp	5.5%
Current Ratio	N/A	2.31+0.3	2.05+0.1	1.95-0.2	2.11+0.1	2.04
Debt-to-Equity	N/A	0.34+0.2	0.14-0.2	0.30-0.1	0.44-0.3	0.69
FCF Margin	14.7%+1.9pp	12.8%-1.2pp	14.0%+5.7pp	8.2%-5.2pp	13.4%+1.0pp	12.4%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	43.9%-1.3pp	45.2%-0.7pp	45.9%-0.3pp	46.1%+2.8pp	43.4%-1.4pp	44.7%+0.4pp	44.4%-0.2pp	44.6%
Operating Margin	13.9%-1.8pp	15.7%+0.3pp	15.4%+0.6pp	14.9%+0.6pp	14.3%-3.7pp	18.0%+0.4pp	17.6%+2.8pp	14.8%
Net Margin	8.4%-1.8pp	10.2%-0.0pp	10.3%+0.2pp	10.1%+0.7pp	9.3%-2.3pp	11.6%+0.2pp	11.4%+1.5pp	9.9%
Return on Equity	2.5%-0.5pp	2.9%+0.1pp	2.8%+0.1pp	2.8%-0.1pp	2.8%-0.9pp	3.7%-0.2pp	3.9%+0.7pp	3.1%
Return on Assets	1.4%-0.4pp	1.8%+0.1pp	1.8%+0.1pp	1.7%0.0pp	1.7%-0.4pp	2.1%-0.0pp	2.1%+0.4pp	1.8%
Current Ratio	2.38-0.1	2.45+0.1	2.38-0.1	2.47+0.2	2.31+0.0	2.29+0.0	2.25+0.2	2.05
Debt-to-Equity	0.38+0.1	0.270.0	0.27-0.0	0.31-0.0	0.34-0.0	0.38-0.0	0.42+0.0	0.39
FCF Margin	19.1%+2.9pp	16.2%+1.9pp	14.3%+6.4pp	7.9%-10.0pp	17.9%+0.2pp	17.8%+9.4pp	8.4%+1.8pp	6.7%

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Frequently Asked Questions

What is Kadant's annual revenue?

Kadant (KAI) reported $1.1B in total revenue for fiscal year 2026. This represents a -0.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Kadant's revenue growing?

Kadant (KAI) revenue declined by 0.1% year-over-year, from $1.1B to $1.1B in fiscal year 2026.

Is Kadant profitable?

Yes, Kadant (KAI) reported a net income of $102.0M in fiscal year 2026, with a net profit margin of 9.7%.

What is Kadant's EBITDA?

Kadant (KAI) had EBITDA of $208.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Kadant's gross margin?

Kadant (KAI) had a gross margin of 45.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Kadant's operating margin?

Kadant (KAI) had an operating margin of 14.9% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Kadant's net profit margin?

Kadant (KAI) had a net profit margin of 9.7% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Does Kadant pay dividends?

Yes, Kadant (KAI) paid $1.36 per share in dividends during fiscal year 2026.

What is Kadant's free cash flow?

Kadant (KAI) generated $154.3M in free cash flow during fiscal year 2026. This represents a 14.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Kadant's operating cash flow?

Kadant (KAI) generated $171.3M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Kadant's capital expenditures?

Kadant (KAI) invested $17.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Kadant spend on research and development?

Kadant (KAI) invested $15.3M in research and development during fiscal year 2026.

How many shares does Kadant have outstanding?

Kadant (KAI) had 12M shares outstanding as of fiscal year 2026.

Are Kadant's earnings high quality?

Kadant (KAI) has an earnings quality ratio of 1.68x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Kadant cover its interest payments?

Kadant (KAI) has an interest coverage ratio of 10.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.