KAI
Kadant Inc.
KAI's fundamentals are strong: revenue grew 17% and it turned 15% of its revenue into free cash flow. At 30x earnings, it's trading in line with its usual 31x. Analysts expect that strong growth to continue.
KAI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Healthy |
KAI's revenue, profitability, cash flow and balance sheet are all currently healthy.
KAI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 20x | $198 | -33% |
| Forward | 22x | $295 | — |
| Current | 30x | $295 | — |
| Fair | 31x | $306 | +3.7% |
| Expensive | 36x | $356 | +21% |
Historical ranges are pointers, not guarantees.
KAI's PE is in its fair range at 30x. If earnings grow as analysts expect, today's price would be 22x next year's earnings, in its cheap range.
KAI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for KAI, with profitability improving.
KAI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.52 | +36% |
| Q3 2026 | $9.91 | +15% |
| Q2 2026 | $9.30 | +3.6% |
| Q1 2026 | $8.77 | -6.9% |
| Q4 2025 | $8.65 | -8.8% |
| Q3 2025 | $8.65 | -11% |
| Q2 2025 | $8.98 | -7.6% |
| Q1 2025 | $9.42 | -1.9% |
| Q4 2024 | $9.48 | -4.2% |
KAI earned $9.91 per share over the past year, up 15% from the year before.
KAI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $313.2M | +15% |
| Q2 2026 | $312.9M | +23% |
| Q1 2026 | $281.5M | +18% |
| Q4 2025 | $286.2M | +11% |
| Q3 2025 | $271.6M | 0% |
| Q2 2025 | $255.3M | -7.1% |
| Q1 2025 | $239.2M | -3.9% |
| Q4 2024 | $258M | +8.1% |
KAI's revenue has grown year over year for four quarters in a row: $313M last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 17% | +1.4 points |
| Q2 2026 | 16% | +0.8 points |
| Q1 2026 | 14% | -0.6 points |
| Q4 2025 | 14% | -0.5 points |
| Q3 2025 | 16% | -2.3 points |
| Q2 2025 | 15% | -2.2 points |
| Q1 2025 | 15% | +0.1 points |
| Q4 2024 | 14% | -2 points |
KAI's operating margin was 17% last quarter, up 1.4 points from the same quarter a year ago.
KAI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $58.1M | +32% |
| Q2 2026 | $42.6M | +17% |
| Q1 2026 | $18.7M | -1.8% |
| Q4 2025 | $54.7M | +18% |
| Q3 2025 | $44.1M | -8.8% |
| Q2 2025 | $36.5M | +58% |
| Q1 2025 | $19M | +15% |
| Q4 2024 | $46.3M | -6.4% |
KAI's free cash flow has been positive every quarter for seven years: $174M over the past year, up 19% from the year before.
KAI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +10K shares |
| 1 year | +0.2% | +27K shares |
| 3 years | +0.8% | +89K shares |
| 5 years | +1.4% | +161K shares |
| Available history | +3.2% | +372K shares |
KAI has 12M diluted shares, about the same as a year ago.
KAI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 1.6x | Healthy |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 1.2x | Healthy |
| Q3 2025 | 0.7x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 0.9x | Very low |
KAI's net debt is about 1.3 years of its operating earnings (EBITDA), up from less than a year a year ago.
KAI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.4 | Neutral |
| Stochastic | 33.9 | Neutral |
KAI's weekly RSI is 51 (neutral) and its Stochastic is 34 (neutral).
KAI PE vs Industrials Sector
| Metric | KAI | Sector median | Relative |
|---|---|---|---|
| PE | 30x | 24x | 24% above |
| PE % | 47 | 58 | 11 pts below |
KAI is trading at 30x earnings, a 24% premium to the Industrials sector's median of 24x.
KAI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $272.9 | 8.2% above |
| 20 week MA | $291.8 | 1.2% above |
| 50 week MA | $303.9 | 2.8% below |
| 100 week MA | $314.2 | 6% below |
| 200 week MA | $291.2 | 1.4% above |
KAI's trend is mixed: it's above three of its five weekly moving averages, and 1.4% above its 200-week average.
KAI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $105.8 | $137.3 | +30% |
| 2021 | $137.3 | $224.2 | +63% |
| 2022 | $224.2 | $177.0 | -21% |
| 2023 | $177.0 | $280.3 | +58% |
| 2024 | $280.3 | $350.8 | +25% |
| 2025 | $350.8 | $293.9 | -16% |
| 2026 YTD | $293.9 | $295.4 | +0.5% |
KAI has finished higher in four of the last six years, two of them by more than 50%. It's roughly flat so far in 2026.