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MARKETS / NYSE / KAI
NYSE · SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) · LARGE CAP

Kadant Inc. KAI

17 fiscal years on record · USD · FY2025 reported · SEC filings only
12 YEARS OF DIVIDEND GROWTH
$1.1B
▼ 0.1% YoY
$102.0M
▼ 8.6% YoY
$154.3M
▲ 14.9% YoY
In brief

What this company does

Kadant develops, manufactures and services a range of products and equipment used in process industries such as paper, packaging and tissue, wood products, mining, metals, food processing, and recycling and waste management. As of January 3, 2026, the company had approximately 3,900 full-time employees worldwide, of whom approximately 50% were in North America, 30% were in Europe and 15% were in Asia. It reports its financial results by combining operating entities into three reportable segments: Flow Control, Industrial Processing, and Material Handling. Through its Flow Control segment, the company provides custom-engineered products, systems and technologies that control the flow of fluids used in industrial and commercial applications in the packaging, paper and tissue, food, energy, defense and other industrial sectors. Through its Industrial Processing segment, it provides equipment, machinery and technologies used to recycle paper and paperboard, process timber and optimize industrial steam boiler efficiency for the packaging, paper, tissue, wood products, and food processing industries. Through its Material Handling segment, it provides products and engineered systems used to handle bulk and discrete materials for secondary processing or transport in the aggregates, mining, food, and waste management industries. Some of the company's businesses or their predecessor companies have been in operation for more than 100 years.

Written from the business description in KADANT INC's annual report to the U.S. Securities and Exchange Commission, filed 3 March 2026. Every sentence was checked against that document before publication.

Growth
USD 1.1B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.1 · Net income 0.1
0.4B0.8B200920112013201520172019202120232025
Compound annual growth
+5.2%
+10.6%
+10.4%
+9.5%
−5.5%
+13.1%
+11.5%
+12.0%
−5.8%
+12.6%
+10.8%
+12.5%
+9.4%
+7.2%
+7.2%
+9.5%
+7.7%
−0.3%
+9.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.6% a year over five years — but profit grew faster: net income at +13.1%, earnings per share at +12.6%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
10 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 14.9% · Net 9.9%
5%10%15%-1%-2%200920112013201520172019202120232025
ROE
FY2025 · ROE 11.2%
5%10%15%200920112013201520172019202120232025

Each USD of equity produced 11 cents of profit this year.

Cash & shareholders
USD 15.8M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 154.3
80M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 15.8 · Net buybacks —
8.0M16.0M-0.8M-1.6MDividendsNet buybacks200920112013201520172019202120232025

USD 15.8M in dividends — 15% of the year's profit went back to shareholders.

Total assetsUSD 1.7B
EquityUSD 979.8M
CashUSD 119.6M
Gross debtUSD 375.8M
Net debtUSD 256.3M
Current ratio2.38×

Net debt stands at 26% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.11.11.00.90.80.60.70.60.50.40.40.40.30.30.30.30.2
Operating income $B0.20.20.20.20.10.10.10.10.10.00.10.00.00.00.00.0−0.0
EBITDA $B0.20.20.20.20.20.10.10.10.10.10.10.10.00.00.00.00.0
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.10.10.10.10.10.10.10.10.00.00.00.00.00.00.00.0−0.0
Free cash flow $B0.20.10.10.10.10.10.10.00.00.00.00.00.00.00.00.00.0
EPS, diluted $8.659.489.9010.357.214.774.545.302.752.883.102.562.072.732.741.48−0.48
Dividend / sh $1.361.281.161.041.000.960.920.880.840.760.680.600.500.000.00··
Payout %1513111014202016292521221800··
ROE %11.213.816.319.915.912.013.017.210.111.713.010.79.013.415.79.0·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySpecial Industry Machinery (No Metalworking Machinery)
Listed onNYSE
Incorporated inDelaware
Fiscal year endsJanuary 2
Data on record since2009

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