Kennametal Inc. (KMT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$2.31	$2.96	+28.1%	—	$736.6M	—
Q3 26	$0.67	$0.77	+14.9%	—	$592.6M	—
Q2 26	$0.38	$0.47	+23.7%	—	$529.5M	—
Q1 26	$0.24	$0.34	+41.7%	—	$498M	—
Q4 25	$0.39	$0.34	-12.8%	—	$516.4M	—
Q3 25	$0.24	$0.47	+95.8%	—	$486.4M	—
Q2 25	$0.26	$0.25	-3.8%	—	$482.1M	—
Q1 25	$0.26	$0.29	+11.5%	—	$481.9M	—
Q4 24	$0.44	$0.49	+11.4%	—	$543.3M	—
Q3 24	$0.3	$0.3	0.0%	—	$515.8M	—
Q2 24	$0.25	$0.29	+16.0%	—	$495.3M	—
Q1 24	$0.35	$0.37	+5.7%	—	$492.5M	—
Q4 23	$0.59	$0.51	-13.6%	—	$550.2M	—
Q3 23	$0.34	$0.39	+14.7%	—	$536M	—
Q2 23	$0.22	$0.27	+22.7%	—	$497.1M	—
Q1 23	$0.37	$0.34	-8.1%	—	$494.8M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$4.49	—	—	$2.4B	—
FY25	—	$1.21	—	—	$2B	—
FY24	—	$1.38	—	—	$2B	—
FY23	—	$1.47	—	—	$2.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$2.1B	$2.4B	$2.4B	$1.9B	$1.8B	$2B	$2.1B	$2B	$2B	$2.4B
YoY change	-1.91%	+15%	+0.31%	-20.6%	-2.33%	+9.29%	+3.27%	-1.51%	-3.91%	+19.8%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2.1B	2.4B	2.4B	1.9B	1.8B	2B	2.1B	2B	2B	2.4B
Cost of revenue	1.4B	1.5B	1.5B	1.4B	1.3B	1.4B	1.4B	1.4B	1.4B	1.4B
Gross profit	644.9M	820.1M	831.5M	529.5M	552.5M	648M	646.4M	627.1M	598.1M	970M
Gross margin	31.3%	34.6%	35%	28.1%	30%	32.2%	31.1%	30.6%	30.4%	41.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—
Operating expenses	468.6M	503.2M	474.2M	388.4M	407.2M	419.1M	437.3M	433.2M	430.8M	479M
Operating income	159.8M	302.2M	342.9M	127.2M	131.2M	215.9M	196.5M	182.4M	156.4M	481.4M
Operating margin	7.76%	12.8%	14.4%	6.75%	7.13%	10.7%	9.46%	8.91%	7.95%	20.4%
Non-operating income, net	-49.1M	2.9M	1.3M	-90.1M	-20.2M	16.8M	-8.4M	-11.5M	486K	8.4M
Pretax income	81.9M	275M	311.2M	2M	64.7M	206.7M	159.6M	144.4M	132M	461.3M
Income tax	29.9M	70M	63.4M	7M	6.2M	56.5M	36.3M	30.8M	33.3M	110.9M
Net income	52M	205.1M	247.9M	-5M	58.4M	150.2M	123.4M	113.6M	98.7M	350.4M
Net margin	2.53%	8.66%	10.4%	-0.27%	3.17%	7.46%	5.94%	5.55%	5.02%	14.9%
EBITDA	283.4M	425.7M	470.4M	261.9M	266.6M	362.1M	326.2M	317.8M	306.8M	642M
EPS	0.61	2.45	2.94	-0.07	0.65	1.74	1.47	1.38	1.21	4.49
Diluted EPS	0.61	2.42	2.9	-0.07	0.65	1.72	1.46	1.37	1.2	4.42

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	492.5M	495.3M	515.8M	543.3M	481.9M	482.1M	486.4M	516.4M	498M	529.5M	592.6M	736.6M
Cost of revenue	329.6M	355.7M	362.5M	372M	330.9M	337M	330M	370.8M	343.4M	355.7M	384.6M	303.1M
Gross profit	162.9M	139.6M	153.3M	171.3M	151M	145M	156.4M	145.7M	154.6M	173.9M	208M	433.6M
Gross margin	33.1%	28.2%	29.7%	31.5%	31.3%	30.1%	32.1%	28.2%	31%	32.8%	35.1%	58.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	111.6M	107.3M	108.7M	105.5M	111.7M	109.3M	104M	105.9M	113M	116.3M	124M	125.6M
Operating income	48.2M	29.5M	41.7M	63M	36.6M	33M	49.6M	37.2M	39.1M	55.2M	81.5M	305.6M
Operating margin	9.79%	5.96%	8.08%	11.6%	7.6%	6.85%	10.2%	7.2%	7.86%	10.4%	13.8%	41.5%
Non-operating income, net	-3.2M	-346K	-6.4M	-1.5M	1M	142K	-135K	-568K	733K	-431K	4.4M	3.7M
Pretax income	38.4M	22.3M	28.5M	55.2M	31.4M	27M	43.3M	30.4M	33.7M	48.7M	79.7M	299.3M
Income tax	8.1M	-2M	7.8M	16.9M	7.9M	7.9M	10.2M	7.2M	9.1M	13.5M	18.6M	69.8M
Net income	30.4M	24.3M	20.7M	38.2M	23.5M	19M	33.1M	23.1M	24.6M	35.2M	61.1M	229.5M
Net margin	6.17%	4.91%	4.02%	7.04%	4.87%	3.95%	6.8%	4.48%	4.95%	6.65%	10.3%	31.2%
EBITDA	81.6M	63M	75.2M	97.9M	71.9M	68.5M	89M	77.5M	76.5M	91.7M	126.3M	347.5M
EPS	0.38	0.29	0.24	0.47	0.28	0.23	0.41	0.28	0.31	0.44	0.76	2.98
Diluted EPS	0.37	0.29	0.24	0.47	0.28	0.23	0.41	0.28	0.3	0.44	0.75	2.91

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	3B	2.9B	3B	2.4B	3B	1.9B	2.3B	1.9B	1.8B	2.7B	2.4B
Enterprise value	3.5B	3.4B	3.5B	2.9B	3.5B	2.5B	2.8B	2.4B	2.3B	3.3B	3.1B
Shares outstanding	80.4M	81.5M	82.4M	83M	83.6M	83.3M	80.8M	79.4M	77.3M	76.2M	76.2M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	57.8	14.3	12.3	—	51.4	12.9	18.6	16.4	18	7.62	7.25
P/S	1.46	1.24	1.28	1.26	1.63	0.96	1.1	0.91	0.9	1.13	1.04
P/B	2.86	2.38	2.22	1.88	2.19	1.5	1.75	1.45	1.34	1.66	1.56
EV/EBITDA	12.4	7.9	7.35	11.1	13.1	6.94	8.67	7.51	7.42	5.2	4.96
EV/Sales	1.71	1.42	1.46	1.55	1.9	1.25	1.36	1.17	1.16	1.42	1.3
Earnings yield	1.73%	7%	8.13%	—	1.95%	7.77%	5.38%	6.08%	5.56%	13.1%	13.8%
FCF yield	2.57%	3.63%	2.89%	-0.86%	3.61%	4.37%	7.13%	9.07%	6.73%	-3.03%	-7.08%
PEG	—	—	—	—	—	—	—	—	—	—	0.01

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	31.3%	34.6%	35%	28.1%	30%	32.2%	31.1%	30.6%	30.4%	41.2%	58.9%
Operating margin	7.76%	12.8%	14.4%	6.75%	7.13%	10.7%	9.46%	8.91%	7.95%	20.4%	41.3%
Net margin	2.53%	8.66%	10.4%	-0.27%	3.17%	7.46%	5.94%	5.55%	5.02%	14.9%	14.5%
ROE	4.94%	16.7%	18%	-0.4%	4.27%	11.6%	9.39%	8.82%	7.45%	21.7%	23.9%
ROA	2.15%	7.01%	9.33%	-0.17%	2.19%	5.84%	4.84%	4.54%	3.88%	11.1%	10.4%
ROIC	6.51%	13.5%	15.3%	0%	6.35%	8.39%	8.22%	7.94%	6.4%	16%	16%
Return on tangible assets	3.63%	10.4%	14.3%	-0.23%	3.12%	8.19%	6.77%	6.32%	5.35%	14%	14%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	2.41	1.74	2.58	1.6	2.3	2.11	2.37	2.41	2.46	2.62	2.62
Quick ratio	1.36	1.15	1.34	1.02	1.21	0.93	1.08	1.17	1.19	0.98	0.98
Debt / equity	0.66	0.81	0.43	0.9	0.48	0.51	0.49	0.5	0.49	0.47	0.47
Debt / assets	0.29	0.34	0.22	0.38	0.24	0.26	0.25	0.26	0.25	0.24	0.24
Net debt / EBITDA	1.78	1.02	0.87	2.05	1.87	1.6	1.63	1.63	1.64	1.04	1.04
Interest coverage	3.84	10.1	10.4	1.06	2.39	8.98	6.6	6.46	6.29	17.2	17.2
Effective tax rate	36.5%	25.4%	20.4%	100%	9.66%	27.3%	22.7%	21.3%	25.2%	24%	24%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	25.6	29	28.8	22.7	22	24.2	25.7	25.8	25.5	30.9	30.9
EPS (basic)	0.61	2.45	2.94	-0.07	0.65	1.74	1.47	1.38	1.21	4.49	4.49
EPS (diluted)	0.61	2.42	2.9	-0.07	0.65	1.72	1.46	1.37	1.2	4.42	4.42
Book value per share	13.1	15.1	16.7	15.3	16.4	15.5	16.3	16.2	17.1	21.2	20.6
FCF per share	0.96	1.3	1.07	-0.25	1.3	1.02	2.02	2.14	1.54	-1.06	-1.04
Cash per share	2.37	6.82	2.21	7.31	1.84	1.03	1.31	1.61	1.82	1.26	1.26
Capex per share	1.41	1.92	2.44	2.91	1.47	1.15	1.11	1.29	—	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	5.49%	6.62%	8.47%	12.8%	6.68%	4.77%	4.3%	4.99%	—	—	—
Capex / operating cash flow	60%	58.8%	69%	106.9%	48.4%	55.7%	34.8%	33.7%	—	—	—
Payout ratio	123.4%	31.7%	26.5%	-1.3K%	114.2%	44.3%	52.3%	55.8%	62.7%	17.4%	18.1%
Dividend yield	2.13%	2.22%	2.16%	2.78%	2.22%	3.44%	2.81%	3.39%	3.49%	2.28%	2.52%

Yield

2.52%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.20

ex-dividend Aug 11, 2026

Payout ratio

18%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 11, 2026	$0.20
May 12, 2026	$0.20
Feb 10, 2026	$0.20

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$492.5M	$495.3M	$515.8M	$543.3M	$481.9M	$482.1M	$486.4M	$516.4M	$498M	$529.5M	$592.6M	$736.6M
YoY change	-0.47%	-0.36%	-3.78%	-1.26%	-2.14%	-2.68%	-5.7%	-4.94%	+3.33%	+9.85%	+21.8%	+42.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	190.6M	556.2M	182M	606.7M	154M	85.6M	106M	128M	140.5M	95.8M
Receivables	380.4M	401.3M	379.9M	238M	302.9M	295.3M	307.3M	302.8M	295.4M	408.4M
Inventory	487.7M	525.5M	571.6M	522.4M	476.3M	570.8M	557.6M	514.6M	538.2M	1.1B
Total current assets	1.1B	1.5B	1.2B	1.4B	1B	1B	1B	1B	1B	1.8B
Property, plant & equipment	744.4M	824.2M	934.9M	1.1B	1.1B	1B	1B	986.2M	965.1M	889.4M
Goodwill & intangibles	983.8M	956.5M	922M	806.3M	795.3M	739.9M	725.4M	706M	699.9M	670.2M
Total assets	2.4B	2.9B	2.7B	3B	2.7B	2.6B	2.5B	2.5B	2.5B	3.2B
Accounts payable	215.7M	221.9M	212.9M	164.6M	177.7M	227.9M	203.3M	191.5M	195.9M	369.8M
Short-term debt	925K	400.2M	157K	513.6M	22.6M	33.6M	12.1M	14.1M	13.2M	43.9M
Total current liabilities	461.5M	886.5M	461.7M	898.1M	437.4M	485.6M	434M	416M	422.3M	676.7M
Long-term debt	695M	591.5M	592.5M	629.5M	628.9M	629.7M	627.4M	631.6M	630.2M	719.8M
Total liabilities	1.4B	1.7B	1.3B	1.8B	1.3B	1.3B	1.2B	1.2B	1.2B	1.6B
Shareholders' equity	1.1B	1.2B	1.4B	1.3B	1.4B	1.3B	1.3B	1.3B	1.3B	1.6B
Total debt	695.9M	991.7M	592.6M	1.1B	651.5M	663.3M	639.4M	645.8M	643.4M	763.7M
Net debt	505.3M	435.6M	410.6M	536.4M	497.4M	577.7M	533.4M	517.8M	502.8M	667.9M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	95.1M	90.7M	92.1M	128M	119.6M	121.2M	97.5M	140.5M	103.5M	129.3M	106.8M	95.8M
Receivables	288.7M	290.5M	303.5M	302.8M	282.5M	254.1M	290.9M	295.4M	288M	288.2M	334.4M	408.4M
Inventory	570.3M	570.8M	547.7M	514.6M	543.4M	536.6M	556M	538.2M	565.2M	621.9M	747.3M	1.1B
Total current assets	1B	1B	999.9M	1B	1B	968.8M	1B	1B	1B	1.1B	1.3B	1.8B
Property, plant & equipment	1B	1B	995.9M	986.2M	991.7M	954.3M	955.7M	965.1M	940.6M	926.6M	902.9M	889.4M
Goodwill & intangibles	712.8M	727M	713.1M	706M	713.2M	689M	692.4M	699.9M	694.8M	691M	680.5M	670.2M
Total assets	2.5B	2.5B	2.5B	2.5B	2.5B	2.4B	2.5B	2.5B	2.5B	2.6B	2.7B	3.2B
Accounts payable	197.4M	193M	192.8M	191.5M	201.9M	198.5M	192.9M	195.9M	193.4M	220.4M	263.1M	369.8M
Short-term debt	42.9M	35.6M	24.7M	14.1M	14.9M	13.5M	24.8M	13.2M	13.6M	13.7M	28.5M	43.9M
Total current liabilities	419.8M	414.1M	413.2M	416M	398.4M	382.2M	415.6M	422.3M	397M	439.4M	536.1M	676.7M
Long-term debt	627.2M	630.6M	631.7M	631.6M	632.7M	628.7M	628.6M	630.2M	628M	630.7M	631M	719.8M
Total liabilities	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.3B	1.6B
Shareholders' equity	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.4B	1.4B	1.6B
Total debt	670.1M	666.2M	656.4M	645.8M	647.5M	642.2M	653.3M	643.4M	641.6M	644.4M	659.6M	763.7M
Net debt	575M	575.5M	564.3M	517.8M	527.9M	521M	555.8M	502.8M	538.1M	515.1M	552.7M	667.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	52M	205.1M	247.9M	-5M	58.4M	150.2M	123.4M	113.6M	98.7M	350.4M
Depreciation & amortization	107.7M	108.7M	112.1M	119.9M	126.5M	131.7M	134M	134.7M	136.5M	143.2M
Stock-based compensation	21.1M	20.8M	22.8M	16M	24.8M	21M	24.7M	24.3M	22.1M	34.9M
Change in working capital	-399K	-95.7M	-96.5M	82.1M	44M	-139M	-26.9M	24.6M	-19.5M	-598.5M
Operating cash flow	188.5M	266.2M	291.5M	225.9M	254M	172.2M	257.1M	302.8M	208.3M	-4M
Capital expenditure	-113M	-156.6M	-201.1M	-241.5M	-122.9M	-96M	-89.4M	-102.1M	—	—
Investing cash flow	-112.7M	-156.9M	-201.5M	-218.3M	-123M	-94.9M	-89.2M	-109.4M	25.3M	3.8M
Dividends paid	-64.1M	-65.1M	-65.7M	-66.3M	-66.7M	-66.6M	-64.5M	-63.4M	-61.9M	-60.8M
Share repurchases	-241K	-217K	-214K	-209K	-197K	-85.5M	-49.3M	-65.6M	-60.1M	-10.1M
Financing cash flow	-71.9M	229.2M	-466.7M	430.9M	-1.1B	-143.8M	-156.1M	-132.5M	-127.3M	39.7M
Net change in cash	3.8M	338.6M	-376.7M	438.4M	-944.1M	-66.6M	11.8M	60.9M	106.3M	39.5M
Free cash flow	77.3M	106.3M	88.2M	-20.4M	108.4M	84.5M	163.6M	169.5M	119.4M	-80.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	30.4M	24.3M	20.7M	38.2M	23.5M	19M	33.1M	23.1M	24.6M	35.2M	61.1M	229.5M
Depreciation & amortization	33.5M	32.8M	33.4M	35M	33.6M	34M	33.9M	35.1M	35M	34.4M	38.2M	35.6M
Stock-based compensation	8.7M	6M	6M	3.7M	7.9M	5.4M	5M	3.8M	8.2M	8.7M	9.1M	8.8M
Change in working capital	-43.8M	6M	9.5M	47.4M	-16.1M	179K	-31.9M	28.3M	-49.6M	-29.5M	-88.1M	-405.9M
Operating cash flow	37.4M	68.2M	78.4M	113.4M	45M	57.8M	43.7M	78.6M	17.5M	55.1M	-2.9M	-73.7M
Capital expenditure	-28.8M	-23.5M	-26.7M	-23.2M	-24.7M	-18.9M	-23.5M	—	—	—	—	—
Investing cash flow	-28.7M	-23.7M	-29.7M	-23.3M	-20M	-16.6M	-23.5M	18.3M	262K	74K	55K	3.4M
Dividends paid	-15.9M	-15.9M	-15.9M	-15.7M	-15.6M	-15.6M	-15.5M	-15.2M	-15.1M	-15.2M	-15.2M	-15.2M
Share repurchases	-13.7M	-15M	-15M	-21.8M	-15M	-15M	-25M	-5M	-10M	-38K	0	-38K
Financing cash flow	8.2M	-39.6M	-32.1M	-51.8M	-30.6M	-37.5M	-23.4M	-34.5M	-24.7M	-24.8M	-7.9M	291.3M
Net change in cash	16.8M	4.9M	16.6M	38.3M	-5.6M	3.7M	-3.2M	62.4M	-7M	30.4M	-10.8M	221.1M
Free cash flow	-6.1M	36.9M	48.4M	90.3M	21M	35.9M	5.3M	57.1M	-5.5M	42.4M	-20.9M	-96.9M

Date	Ratio
Dec 19, 2007	2:1
Aug 23, 1994	2:1
Mar 11, 1980	2:1
Nov 20, 1975	2:1

Kennametal Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history