KMT
Kennametal Inc.
KMT offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
VRT
Vertiv Holdings Co
VRT has the edge over KMT overall, supported by stronger modeled upside and lower modeled downside.
KMT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Weak | |
| Strong |
KMT's revenue, profitability and balance sheet are currently strong, but its cash flow is weak.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
KMT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 3.2x | $24.26 | — |
| Forward | 9.6x | $24.26 | — |
| Cheap | 15x | $117 | +383% |
| Fair | 18x | $137 | +466% |
| Expensive | 27x | $206 | +750% |
Historical ranges are pointers, not guarantees.
KMT has the edge over VRT in the historical PE scenario, which offers more potential upside but is not a forecast.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT's PE is in its cheap range at 39x. If earnings grow as analysts expect, today's price would be 23x next year's earnings.
KMT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect KMT's revenue to grow, but its earnings and profitability to decline. However, they disagree widely on these estimates.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
VRT has the edge over KMT on the outlook, with more favorable valuation and earnings expectations.
KMT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.54 | -67% |
| Q3 2026 | $7.60 | +523% |
| Q2 2026 | $4.42 | +268% |
| Q1 2026 | $1.77 | +27% |
| Q4 2025 | $1.43 | +17% |
| Q3 2025 | $1.22 | -4.7% |
| Q2 2025 | $1.20 | -12% |
| Q1 2025 | $1.39 | +2.2% |
| Q4 2024 | $1.22 | -19% |
KMT's earnings per share have jumped to their highest in seven years: $7.60 over the past year, up from $1.22 the year before.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over KMT on earnings, with more consistent year-over-year improvement.
KMT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $768.2M | +54% |
| Q2 2026 | $736.6M | +43% |
| Q1 2026 | $592.6M | +22% |
| Q4 2025 | $529.5M | +9.8% |
| Q3 2025 | $498M | +3.3% |
| Q2 2025 | $516.4M | -4.9% |
| Q1 2025 | $486.4M | -5.7% |
| Q4 2024 | $482.1M | -2.7% |
KMT's revenue has grown year over year for five quarters in a row: $768M last quarter, up 54% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 49% | +42 points |
| Q2 2026 | 41% | +35 points |
| Q1 2026 | 13% | +4.3 points |
| Q4 2025 | 9.9% | +3.4 points |
| Q3 2025 | 7.5% | +0.1 points |
| Q2 2025 | 6.1% | -5.2 points |
| Q1 2025 | 9.1% | +2.2 points |
| Q4 2024 | 6.6% | +0.8 points |
KMT has the edge over VRT on profitability, with a higher operating margin.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over KMT on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT's operating margin was 23% last quarter, up 3.5 points from the same quarter a year ago, near the top of its range since 2020.
KMT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$212.1M | -$206.6M |
| Q2 2026 | -$96.9M | -270% |
| Q1 2026 | -$20.9M | -495% |
| Q4 2025 | $42.4M | +18% |
| Q3 2025 | -$5.5M | -126% |
| Q2 2025 | $57.1M | -37% |
| Q1 2025 | $5.3M | -89% |
| Q4 2024 | $35.9M | -2.6% |
KMT's free cash flow has turned negative after years in the green: −$287M over the past year.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over KMT on cash generation, producing positive trailing cash flow while its opponent burns cash.
KMT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.9% | +696K shares |
| 1 year | +1.7% | +1.3M shares |
| 3 years | -3.2% | -2.6M shares |
| 5 years | -7.8% | -6.6M shares |
| Available history | -6% | -5M shares |
KMT has 78M diluted shares, up 1.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $38,000 |
| Q2 2026 | $38,000 |
| Q1 2026 | — |
| Q4 2025 | $38,000 |
| Q3 2025 | $10M |
| Q2 2025 | $5M |
| Q1 2025 | $25M |
| Q4 2024 | $15M |
KMT has spent almost nothing on buybacks in the past year.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has the edge over KMT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
KMT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.9x | Very low |
| Q2 2026 | 1.0x | Very low |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.5x | Healthy |
| Q3 2025 | 1.8x | Healthy |
| Q2 2025 | 1.6x | Healthy |
| Q1 2025 | 1.6x | Healthy |
| Q4 2024 | 1.6x | Healthy |
KMT's net debt is less than a year of its operating earnings (EBITDA), down from 1.8 years a year ago.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over KMT on leverage, with a lower net debt burden relative to earnings.
KMT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.9 | Neutral |
| Stochastic | 6.8 | Oversold |
KMT's weekly RSI is 33 (neutral) and its Stochastic is 7 (oversold).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
KMT PE vs Industrials Sector
| Metric | KMT | Sector median | Relative |
|---|---|---|---|
| PE | 3.2x | 24x | 87% below |
| PE % | 0 | 58 | 58 pts below |
KMT has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
KMT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.0 | 16% below |
| 20 week MA | $30.8 | 21% below |
| 50 week MA | $33.4 | 27% below |
| 100 week MA | $27.9 | 13% below |
| 200 week MA | $26.9 | 9.7% below |
KMT is in a downtrend: it's below all five of its weekly moving averages, and 9.7% below its 200-week average.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has the edge over KMT on trend strength, trading above more of its moving averages.
KMT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $37.1 | $37.4 | +0.8% |
| 2021 | $37.4 | $35.6 | -4.9% |
| 2022 | $35.6 | $24.3 | -32% |
| 2023 | $24.3 | $25.8 | +6.4% |
| 2024 | $25.8 | $24.2 | -6.3% |
| 2025 | $24.2 | $29.3 | +21% |
| 2026 YTD | $29.3 | $24.3 | -17% |
KMT has finished lower in three of the last six years. It's down 17% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over KMT on returns for 2026, with the stronger performance.