Kennametal (KMT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KMT SEC filings page.
Kennametal (KMT) reported $2.4B in revenue for fiscal year 2026, up 19.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
2026’s dominant mechanic is a sharp margin step-up that has not yet converted into operating cash.
Net income reached$342M in FY2026 while operating cash flow was-$4M , reversing FY2025’s$208M of operating cash flow despite much lower reported profit. That disconnect coincided with inventory expanding to$1.1B from$538M , indicating that working capital absorbed the accounting earnings rather than operations collecting them as cash.
Revenue increased
The balance sheet became larger and more inventory-heavy: total assets rose to
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Kennametal's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Kennametal has an operating margin of 20.1%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 71/100, reflecting efficient cost management and pricing power. This is up from 7.3% the prior year.
Kennametal's revenue surged 19.8% year-over-year to $2.4B, reflecting rapid business expansion. This strong growth earns a score of 58/100.
Kennametal has a moderate D/E ratio of 0.44. This balance of debt and equity financing earns a leverage score of 48/100.
With a current ratio of 2.62, Kennametal holds $2.62 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 73/100.
Kennametal's operations used $4.0M of cash, and capex of $76.9M added to the outflow, for a free cash flow shortfall of $80.9M. This results in a cash flow score of 32/100.
Kennametal earns a strong 21.8% return on equity (ROE), meaning it generates $22 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 72/100. This is up from 7.2% the prior year.
Kennametal scores 3.17, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Kennametal passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Kennametal used $0.01 of operating cash (-$4.0M OCF vs $342.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Kennametal earns $16.54 in operating income for every $1 of interest expense ($472.5M vs $28.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Kennametal generated $736.6M in revenue in Q4 2026. This represents an increase of 42.6% from the same quarter a year earlier. Against the prior quarter it is up 24.3%.
Kennametal's EBITDA was $338.5M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 409.4% from the same quarter a year earlier. Against the prior quarter it is up 187.8%.
Kennametal reported $227.0M in net income in Q4 2026. This represents an increase of 951.2% from the same quarter a year earlier. Against the prior quarter it is up 289.8%.
Kennametal earned $2.93 per diluted share (EPS) in Q4 2026. This represents an increase of 910.3% from the same quarter a year earlier. Against the prior quarter it is up 290.7%.
Cash & Balance Sheet
Kennametal recorded an outflow of $96.9M in free cash flow in Q4 2026, representing a cash shortfall after capex. This represents a decrease of 269.6% from the same quarter a year earlier. Against the prior quarter it is down 363.4%.
Kennametal held $95.8M in cash against $685.3M in long-term debt as of Q4 2026.
Kennametal paid $0.20 per share in dividends in Q4 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Kennametal's gross margin was 58.9% in Q4 2026, indicating the percentage of revenue retained after direct costs. This is up 30.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 23.8 percentage points.
Kennametal's operating margin was 41.1% in Q4 2026, reflecting core business profitability. This is up 35.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 27.7 percentage points.
Kennametal's net profit margin was 30.8% in Q4 2026, showing the share of revenue converted to profit. This is up 26.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 21.0 percentage points.
Kennametal's ROE was 14.5% in Q4 2026, measuring profit generated per dollar of shareholder equity. This is up 12.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.2 percentage points.
Capital Allocation
Kennametal spent $38K on share buybacks in Q4 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.2% from the same quarter a year earlier.
Kennametal invested $23.2M in capex in Q4 2026, funding long-term assets and infrastructure. This represents an increase of 8.2% from the same quarter a year earlier. Against the prior quarter it is up 29.1%.
Not reported for Q4 2026.
KMT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $736.6M+42.6% | $592.6M+21.8% | $529.5M+9.8% | $498.0M+3.3% | $516.4M-4.9% | $486.4M-5.7% | $482.1M-2.7% | $481.9M-2.1% |
| Cost of Revenue | $303.1M-18.3% | $384.6M+16.5% | $355.7M+5.5% | $343.4M+3.8% | $370.8M-0.3% | $330.0M-9.0% | $337.0M-5.3% | $330.9M+0.4% |
| Gross Profit | $433.6M+197.6% | $208.0M+33.0% | $173.9M+19.9% | $154.6M+2.3% | $145.7M-15.0% | $156.4M+2.0% | $145.0M+3.9% | $151.0M-7.3% |
| SG&A Expenses | $125.6M+18.7% | $124.0M+19.3% | $116.3M+6.4% | $113.0M+1.2% | $105.9M | $104.0M | $109.3M | $111.7M |
| Operating Income | $302.9M+865.5% | $79.4M+80.3% | $52.7M+66.3% | $37.6M+4.3% | $31.4M-48.9% | $44.1M+25.1% | $31.7M+11.2% | $36.0M-20.1% |
| EBITDA | $338.5M+409.4% | $117.6M+50.9% | $87.0M+32.5% | $72.6M+4.3% | $66.4M-31.0% | $77.9M+13.5% | $65.7M+7.2% | $69.6M-11.5% |
| Interest Expense | $10.0M+61.0% | $6.3M+0.8% | $6.1M-1.5% | $6.2M-2.0% | $6.2M-0.4% | $6.2M-8.3% | $6.2M-9.7% | $6.3M-4.4% |
| Income Tax | $69.8M+863.4% | $18.6M+81.9% | $13.5M+70.0% | $9.1M+14.6% | $7.2M-57.2% | $10.2M+30.7% | $7.9M+494.6% | $7.9M-1.9% |
| Net Income | $227.0M+951.2% | $58.2M+85.0% | $33.9M+89.0% | $23.3M+5.3% | $21.6M-41.9% | $31.5M+65.9% | $17.9M-22.4% | $22.1M-26.4% |
| EPS (Basic) | $2.98+927.6% | $0.76+85.4% | $0.44+91.3% | $0.31+10.7% | $0.29-38.3% | $0.41+70.8% | $0.23-20.7% | $0.28-26.3% |
| EPS (Diluted) | $2.93+910.3% | $0.75+82.9% | $0.44+91.3% | $0.30+7.1% | $0.29-38.3% | $0.41+70.8% | $0.23-20.7% | $0.28-24.3% |
| Diluted Shares (Avg) | N/A | 78M+0.1% | 77M-1.7% | 77M-2.3% | N/A | 78M-2.8% | 78M-2.2% | 79M-2.5% |
Not reported in any period shown, so not listed: R&D Expenses.
KMT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.2B+24.4% | $2.7B+9.6% | $2.6B+6.6% | $2.5B-0.1% | $2.5B+1.7% | $2.5B-1.1% | $2.4B-4.3% | $2.5B+0.4% |
| Current Assets | $1.8B+70.5% | $1.3B+26.1% | $1.1B+15.7% | $1.0B+2.9% | $1.0B+3.7% | $1.0B+1.3% | $968.8M-4.1% | $1.0B-0.7% |
| Cash & Equivalents | $95.8M-31.8% | $106.8M+9.6% | $129.3M+6.7% | $103.5M-13.5% | $140.5M+9.8% | $97.5M+5.8% | $121.2M+33.5% | $119.6M+25.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $1.1B+105.9% | $747.3M+34.4% | $621.9M+15.9% | $565.2M+4.0% | $538.2M+4.6% | $556.0M+1.5% | $536.6M-6.0% | $543.4M-4.7% |
| Accounts Receivable | $408.4M+38.3% | $334.4M+14.9% | $288.2M+13.4% | $288.0M+2.0% | $295.4M-2.4% | $290.9M-4.1% | $254.1M-12.5% | $282.5M-2.1% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $279.2M-1.2% | $280.3M+2.7% | $283.0M+5.3% | $282.5M+1.9% | $282.7M+4.1% | $272.9M+0.3% | $268.8M-2.6% | $277.3M+4.0% |
| Total Liabilities | $1.6B+27.2% | $1.3B+10.0% | $1.2B+5.3% | $1.2B-0.9% | $1.2B+0.5% | $1.2B-0.1% | $1.2B-3.3% | $1.2B-0.8% |
| Current Liabilities | $676.7M+60.2% | $536.1M+29.0% | $439.4M+14.9% | $397.0M-0.4% | $422.3M+1.5% | $415.6M+0.6% | $382.2M-7.7% | $398.4M-5.1% |
| Non-Current Liabilities | $876.6M+9.8% | $796.3M0.0% | $798.5M+0.6% | $796.3M-1.1% | $798.4M-0.1% | $796.0M-0.4% | $793.5M-1.1% | $805.6M+1.4% |
| Long-Term Debt | $685.3M+14.8% | $597.4M+0.1% | $597.2M+0.1% | $597.0M+0.1% | $596.8M+0.1% | $596.6M+0.1% | $596.4M+0.1% | $596.2M+0.1% |
| Total Equity | $1.6B+22.3% | $1.4B+9.5% | $1.3B+7.8% | $1.3B+0.6% | $1.3B+2.7% | $1.2B-2.2% | $1.2B-5.3% | $1.3B+1.3% |
| Retained Earnings | $1.5B+23.4% | $1.3B+6.4% | $1.2B+4.2% | $1.2B+2.8% | $1.2B+2.7% | $1.2B+4.0% | $1.2B+2.9% | $1.2B+3.4% |
KMT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$73.7M-193.8% | -$2.9M-110.1% | $55.1M-0.1% | $17.5M-61.8% | $78.6M-30.8% | $28.8M-61.6% | $55.2M-11.9% | $45.7M+77.9% |
| Depreciation & Amortization | $35.6M+1.4% | $38.2M+12.7% | $34.4M+1.0% | $35.0M+4.4% | $35.1M+0.3% | $33.9M+1.2% | $34.0M+3.7% | $33.6M+0.2% |
| Stock-Based Compensation | N/A | N/A | N/A | $8.2M+3.8% | N/A | N/A | N/A | $7.9M-8.7% |
| Capital Expenditures | $23.2M+8.2% | $18.0M-23.6% | $12.7M-33.9% | $23.0M-7.1% | $21.5M-8.0% | $23.5M-12.0% | $19.2M-25.2% | $24.7M-22.2% |
| Free Cash Flow | -$96.9M-269.6% | -$20.9M-495.2% | $42.4M+18.0% | -$5.5M-126.2% | $57.1M-36.8% | $5.3M-89.1% | $35.9M-2.6% | $21.0M+444.9% |
| Investing Cash Flow | -$19.7M-1011.2% | -$17.8M+24.0% | -$11.1M+33.4% | -$22.7M-13.8% | -$1.8M+92.4% | -$23.5M+21.0% | -$16.6M+39.9% | -$20.0M+30.5% |
| Financing Cash Flow | $81.8M+327.8% | -$560K+98.1% | -$18.5M+41.6% | -$31.1M+14.5% | -$35.9M+32.4% | -$30.0M+28.9% | -$31.7M+21.7% | -$36.4M-500.7% |
| Dividends Paid | $15.2M0.0% | $15.2M-1.4% | $15.2M-2.2% | $15.1M-2.9% | $15.2M-3.1% | $15.5M-2.5% | $15.6M-2.2% | $15.6M-2.2% |
| Share Buybacks | $38K-99.2% | $0-100.0% | $38K-99.7% | $10.0M-33.3% | $5.0M-76.9% | $25.0M+66.4% | $15.0M0.0% | $15.0M+9.5% |
KMT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.9%+30.6pp | 35.1%+2.9pp | 32.8%+2.7pp | 31.0%-0.3pp | 28.2%-3.3pp | 32.1%+2.4pp | 30.1%+1.9pp | 31.3%-1.7pp |
| Operating Margin | 41.1%+35.1pp | 13.4%+4.3pp | 9.9%+3.4pp | 7.5%+0.1pp | 6.1%-5.2pp | 9.1%+2.2pp | 6.6%+0.8pp | 7.5%-1.7pp |
| Net Margin | 30.8%+26.6pp | 9.8%+3.4pp | 6.4%+2.7pp | 4.7%+0.1pp | 4.2%-2.7pp | 6.5%+2.8pp | 3.7%-1.0pp | 4.6%-1.5pp |
| Return on Equity | 14.5%+12.8pp | 4.3%+1.7pp | 2.6%+1.1pp | 1.8%+0.1pp | 1.7%-1.3pp | 2.5%+1.0pp | 1.5%-0.3pp | 1.7%-0.7pp |
| Return on Assets | 7.2%+6.3pp | 2.1%+0.9pp | 1.3%+0.6pp | 0.9%0.0pp | 0.9%-0.6pp | 1.3%+0.5pp | 0.7%-0.2pp | 0.9%-0.3pp |
| Current Ratio | 2.62+0.2x | 2.38-0.1x | 2.550.0x | 2.60+0.1x | 2.46+0.1x | 2.440.0x | 2.53+0.1x | 2.52+0.1x |
| Debt-to-Equity | 0.440.0x | 0.440.0x | 0.450.0x | 0.460.0x | 0.460.0x | 0.480.0x | 0.490.0x | 0.470.0x |
| Asset Turnover | 0.230.0x | 0.220.0x | 0.200.0x | 0.200.0x | 0.200.0x | 0.200.0x | 0.200.0x | 0.190.0x |
| FCF Margin | -13.2%-24.2pp | -3.5%-4.6pp | 8.0%+0.6pp | -1.1%-5.5pp | 11.1%-5.6pp | 1.1%-8.3pp | 7.4%0.0pp | 4.4%+5.6pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Kennametal KMT | FY2026 | $2.4B | $342.4M | 14.5% | $2.2B | 59/100 |
| HILLMAN SOLUTIONS CORP HLMN | FY2025 | $1.6B | $40.3M | 2.6% | $1.4B | 48/100 |
| Timken TKR | FY2025 | $4.6B | $288.4M | 6.3% | $8.3B | 58/100 |
| Toro TTC | FY2025 | $4.5B | $316.1M | 7.0% | $9.3B | 59/100 |
| Eastern Co EML | FY2025 | $249.0M | $7.1M | 2.9% | $162.2M | 51/100 |
| Lincoln Elec Hldgs Inc LECO | FY2025 | $4.2B | $520.5M | 12.3% | $14.6B | 65/100 |
Where Kennametal Ranks
Frequently Asked Questions
What is Kennametal's annual revenue?
Kennametal (KMT) reported $2.4B in total revenue for fiscal year 2026. This represents a 19.8% 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 Kennametal's revenue growing?
Kennametal (KMT) revenue grew by 19.8% year-over-year, from $2.0B to $2.4B in fiscal year 2026.
Is Kennametal profitable?
Yes, Kennametal (KMT) reported a net income of $342.4M in fiscal year 2026, with a net profit margin of 14.5%.
What is Kennametal's EBITDA?
Kennametal (KMT) had EBITDA of $615.7M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Kennametal have?
As of fiscal year 2026, Kennametal (KMT) had $95.8M in cash and equivalents against $685.3M in long-term debt.
What is Kennametal's gross margin?
Kennametal (KMT) had a gross margin of 41.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Kennametal's operating margin?
Kennametal (KMT) had an operating margin of 20.1% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Kennametal's net profit margin?
Kennametal (KMT) had a net profit margin of 14.5% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Does Kennametal pay dividends?
Yes, Kennametal (KMT) paid $0.80 per share in dividends during fiscal year 2026.
What is Kennametal's return on equity (ROE)?
Kennametal (KMT) has a return on equity of 21.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Kennametal's free cash flow?
Kennametal (KMT) recorded an outflow of $80.9M in free cash flow during fiscal year 2026. This represents a -167.8% 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 Kennametal's operating cash flow?
Kennametal (KMT) recorded an outflow of $4.0M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are Kennametal's total assets?
Kennametal (KMT) had $3.2B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Kennametal's capital expenditures?
Kennametal (KMT) invested $76.9M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Kennametal spend on research and development?
Kennametal (KMT) invested $43.2M in research and development during fiscal year 2026.
What is Kennametal's current ratio?
Kennametal (KMT) had a current ratio of 2.62 as of fiscal year 2026, which is generally considered healthy.
What is Kennametal's debt-to-equity ratio?
Kennametal (KMT) had a debt-to-equity ratio of 0.44 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Kennametal's return on assets (ROA)?
Kennametal (KMT) had a return on assets of 10.8% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Kennametal's P/E ratio?
Kennametal (KMT) trades at 6.6x earnings, its market capitalization divided by net income of $342.4M net income, FY2026. The market capitalization is $2.2B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Kennametal's price-to-sales ratio?
Kennametal (KMT) trades at 1.0x sales, its market capitalization divided by revenue of $2.4B revenue, FY2026. The market capitalization is $2.2B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Kennametal's Altman Z-Score?
Kennametal (KMT) has an Altman Z-Score of 3.17, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Kennametal's Piotroski F-Score?
Kennametal (KMT) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Kennametal's earnings high quality?
For every $1 of reported earnings, Kennametal (KMT) used $0.01 of operating cash (-$4.0M OCF vs $342.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 Kennametal cover its interest payments?
Kennametal (KMT) has an interest coverage ratio of 16.54x, 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.
How financially healthy is Kennametal?
Kennametal (KMT) scores 59 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.