KAI Financials Kadant Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Aug 16, 2026, 10:15 UTC Overview →

Growth & profitability

Revenue has grown 10.6% per year over the past 5 years.
Net income has grown faster than revenue (13.1% vs 10.6% per year).
Operating margin has expanded, at 14.9% in the latest year.
Free cash flow has grown 12.6% per year over the past 5 years.

Financial health

Total debt ($373M) exceeds cash ($120M); net debt is $253M.
Total debt has grown in line with revenue (10.3% vs 10.6% per year).
Operating income covered interest expense 10× in the latest year.
Total debt is 1.8× EBITDA.

Shareholder returns

Dividends have been paid for 13 consecutive years, consuming 15.5% of earnings and 10.2% of free cash flow.
The dividend has grown 7.7% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$1.1B	$102M	45.2%	14.9%	10.4%	6.0%	$154M	$373M	$120M
2024	$1.1B	$112M	44.3%	16.3%	13.2%	7.8%	$134M	$287M	$95M
2023	$958M	$116M	43.5%	17.3%	15.0%	9.9%	$134M	$109M	$104M
2022	$905M	$121M	43.1%	18.9%	18.5%	10.5%	$74M	$199M	$76M
2022	$787M	$84M	42.9%	14.8%	14.9%	7.4%	$150M	$265M	$91M
2021	$635M	$55M	43.7%	12.8%	11.1%	6.0%	$85M	$228M	$66M
2019	$705M	$52M	41.7%	12.5%	12.2%	5.5%	$87M	$295M	$67M
2018	$634M	$60M	43.9%	14.0%	16.2%	8.3%	$46M	—	$46M
2017	$515M	$31M	44.9%	12.0%	9.4%	4.1%	$48M	—	$75M
2016	$414M	$32M	45.5%	11.3%	11.3%	6.8%	$45M	—	$71M
2016	—	$34M	—	—	12.9%	8.3%	$35M	$31M	$66M
2015	—	$29M	—	—	10.8%	6.9%	$44M	$26M	$45M
2013	—	$23M	—	—	8.7%	5.3%	$34M	$39M	$50M
2012	—	$32M	—	—	12.7%	8.8%	$25M	$7M	$55M
2011	—	$34M	—	—	15.1%	9.4%	$26M	$12M	$47M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jul '26	$313M	$32M	43.8%	16.3%	3.2%	1.7%	$43M	—	$135M
Apr '26	$282M	$26M	45.0%	14.2%	2.6%	1.5%	$19M	—	$117M
Jan '26	$286M	$24M	43.9%	13.9%	2.5%	1.4%	$55M	$373M	$120M
Sep '25	$272M	$28M	45.2%	15.7%	2.9%	1.8%	$44M	—	$124M
Jun '25	$255M	$26M	45.9%	15.4%	2.8%	1.8%	$37M	—	$95M
Mar '25	$239M	$24M	46.1%	14.9%	2.7%	1.7%	$19M	—	$92M
Dec '24	$258M	$24M	43.4%	14.3%	2.8%	1.7%	$46M	$287M	$95M
Sep '24	$272M	$32M	44.7%	18.0%	3.7%	2.1%	$48M	—	$88M
Jun '24	$275M	$31M	44.4%	17.6%	3.9%	2.1%	$23M	—	$74M
Mar '24	$249M	$25M	44.6%	14.8%	3.2%	1.8%	$17M	—	$81M
Dec '23	$239M	$27M	42.7%	16.3%	3.5%	2.3%	$49M	$109M	$104M
Sep '23	$244M	$31M	43.3%	17.8%	4.2%	2.7%	$38M	—	$77M
Jul '23	$245M	$30M	43.5%	17.6%	4.2%	2.6%	$14M	—	$67M
Apr '23	$230M	$28M	44.4%	17.5%	4.1%	2.4%	$32M	—	$81M
Dec '22	$232M	$26M	43.1%	16.8%	4.0%	2.3%	$23M	$199M	$76M
Oct '22	$225M	$27M	42.5%	17.3%	4.5%	2.5%	$19M	—	$73M
Jul '22	$222M	$26M	43.3%	16.9%	4.3%	2.3%	$12M	—	$77M
Apr '22	$226M	$41M	43.4%	24.7%	6.9%	3.6%	$21M	—	$86M
Jan '22	$219M	$24M	42.4%	14.4%	4.3%	2.1%	$56M	$265M	$91M
Oct '21	$200M	$20M	41.9%	14.4%	3.8%	1.8%	$35M	—	$83M

Valuation over time

How the market has priced KAI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 20.3× (Mar '23) to 32.9× (Nov '26).
The price-to-sales ratio has risen from 2.7× (Mar '23) to 3.2× (Nov '26).
The dividend yield has fallen from 0.5% (Mar '23) to 0.5% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is KAI growing its revenue and profit?

Over the past 5 years, Kadant Inc's revenue has grown 10.6% per year, and net income grown 13.1% per year. These are computed facts, not advice.

How much debt does KAI have?

As of FY2026, Kadant Inc reported $373M of total debt against $120M of cash; operating income covered interest expense 10×.

What is KAI's profit margin?

In FY2026, gross margin was 45.2%, operating margin 14.9%, and net margin 9.7%.

What is KAI's P/E ratio?

Kadant Inc's P/E (TTM) is 30.55 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the KAI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 32.9× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.