# Kadant Inc. (KAI)

**Exchange:** NYSE  
**Sector:** Industrials  
**Market cap:** $3.33B  
**Price:** $282.45 (-2.12%)

> Kadant Inc. is a global supplier of high-value, critical components and engineered systems used predominantly in process industries. The company plays a pivotal role in optimizing the efficiency and sustainability of industries such as paper, wood processing, and textiles. Kadant's offerings include stock-preparation equipment, fluid handling systems, and papermaking accessories that enhance performance, reduce waste, and conserve energy. With a strong focus on innovation, Kadant frequently develops new technologies that cater to the evolving needs of manufacturers. This ensures operational improvements and cost reductions across various production lines. Headquartered in Westford, Massachusetts, Kadant Inc.'s operations extend worldwide, underscoring its significance in the industrial sector. By supporting sustainable production and maintenance practices, Kadant contributes to the long-term ecological and economic objectives of modern manufacturing processes.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $1.05B | — | $157M | $102M | $8.65 |
| 2024 | $1.05B | — | $171M | $112M | $9.48 |
| 2023 | $958M | — | $166M | $116M | $9.90 |
| 2022 | $905M | — | $171M | $121M | $10.35 |
| 2022 | $787M | — | $117M | $84M | $7.21 |
| 2021 | $635M | — | $81M | $55M | $4.77 |
| 2019 | $705M | — | $88M | $52M | $4.54 |
| 2018 | $634M | — | $89M | $60M | $5.30 |
| 2017 | $515M | — | $61M | $31M | $2.75 |
| 2016 | $414M | — | $46M | $32M | $2.88 |
| 2016 | $390M | — | $50M | $34M | $3.10 |
| 2015 | $402M | — | $42M | $29M | $2.56 |
| 2013 | $344M | — | $33M | $23M | $2.07 |
| 2012 | $332M | — | $36M | $32M | $2.73 |
| 2011 | $335M | — | $39M | $34M | $2.74 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2026 | $1.71B | — | $991M | $120M | $373M |
| 2024 | $1.43B | — | $858M | $95M | $287M |
| 2023 | $1.18B | — | $776M | $104M | $109M |
| 2022 | $1.15B | — | $656M | $76M | $199M |
| 2022 | $1.13B | — | $566M | $91M | $265M |
| 2021 | $928M | — | $497M | $66M | $228M |
| 2019 | $939M | — | $427M | $67M | $295M |
| 2018 | $726M | — | $375M | $46M | — |
| 2017 | $761M | — | $333M | $75M | — |
| 2016 | $471M | — | $284M | $71M | — |
| 2016 | $415M | — | $268M | $66M | $26M |
| 2015 | $414M | — | $265M | $45M | $25M |
| 2013 | $442M | — | $270M | $50M | $38M |
| 2012 | $359M | — | $250M | $55M | $6M |
| 2011 | $358M | — | $224M | $47M | $12M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2026 | — | $17M | $154M |
| 2024 | — | $21M | $134M |
| 2023 | — | $32M | $134M |
| 2022 | — | $28M | $74M |
| 2022 | — | $13M | $150M |
| 2021 | — | $8M | $85M |
| 2019 | — | $10M | $87M |
| 2018 | — | $17M | $46M |
| 2017 | — | $17M | $48M |
| 2016 | — | $6M | $45M |
| 2016 | — | $5M | $32M |
| 2015 | — | $7M | $42M |
| 2013 | — | $6M | $34M |
| 2012 | — | $4M | $25M |
| 2011 | — | $8M | $26M |

Source: [DividendWall](https://dividendwall.com/company/KAI)