KENNAMETAL INC KMT

Industrials SIC 3541 - Machine Tools, Metal Cutting Types NAICS Manufacturing › Machinery Manufacturing › Metalworking Machinery Manufacturing › Machine Tool Manufacturing derived NYSE

Last close 29.46 2026-10-23
Market cap $2.25B 2026-06-30 share count
52-week range 21.70 - 43.81

Valuation FY2026 figures against the last close

P/S1.0x
P/E6.7x
P/FCF—
EV/EBITDA3.6x
Dividend yield2.7%
Diluted EPS4.42

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Metal Cutting
  • Infrastructure
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2026 Metal Cutting, FY2026: 1.4B (59.3%) 59% Metal Cutting Infrastructure, FY2026: 959.3M (40.7%) 41% Infrastructure FY2025 Metal Cutting, FY2025: 1.2B (62.0%) 62% Infrastructure, FY2025: 747.2M (38.0%) 38% FY2024 Metal Cutting, FY2024: 1.3B (62.6%) 63% Infrastructure, FY2024: 766.1M (37.4%) 37%
Segment FY2026FY2025FY2024
Metal Cutting $1.40B $1.22B $1.28B
Infrastructure $959.3M $747.2M $766.1M

As the company reported it, from the “Segment Data (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $2.36B$1.97B$2.05B$2.08B$2.01B$1.84B$1.89B$2.38B$2.37B$2.06B
Cost of revenue $1.39B$1.37B$1.42B$1.43B$1.36B$1.29B$1.36B$1.54B$1.55B$1.41B
Gross profit $970.0M$598.1M$627.1M$646.4M$648.0M$552.5M$529.5M$831.5M$820.1M$644.9M
R&D $43.2M$44.4M$44.2M$43.1M$42.1M$39.5M$38.7M$39.0M$38.9M$38.0M
SG&A $479.0M$430.8M$433.2M———————
Total operating expenses —$430.8M$433.2M$437.3M$419.1M$407.2M$388.4M$474.2M$503.2M$468.6M
Operating income $472.5M$143.1M$170.2M$192.4M$218.1M$102.2M$22.3M$328.9M$290.3M$94.8M
Interest expense $28.6M$24.9M$26.5M$28.5M$25.9M$46.4M$35.2M$33.0M$30.1M$28.8M
Pre-tax income $461.3M$132.0M$144.4M$159.6M$206.7M$64.7M$2.0M$311.2M$275.0M$81.9M
Income tax $110.9M$33.3M$30.8M$36.3M$56.5M$6.2M$7.0M$63.4M$70.0M$29.9M
Net income $342.4M$93.1M$109.3M$118.5M$144.6M$54.4M-$5.7M$241.9M$200.2M$49.1M
EPS, basic 4.491.211.381.471.740.65-0.072.942.450.61
EPS, diluted 4.421.201.371.461.720.65-0.072.902.420.61
Shares, diluted (wtd. avg.) 77.4M77.9M80.0M81.4M83.9M84.3M83.0M83.3M82.8M81.2M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $95.8M$140.5M$128.0M$106.0M$85.6M$154.0M$606.7M$182.0M$556.2M$190.6M
Receivables $408.4M$295.4M$302.8M$307.3M$295.3M$302.9M$238.0M$379.9M$401.3M$380.4M
Inventory $1.11B$538.2M$514.6M$557.6M$570.8M$476.3M$522.4M$571.6M$525.5M$487.7M
Total current assets $1.77B$1.04B$1.00B$1.03B$1.02B$1.00B$1.44B$1.19B$1.55B$1.11B
Property, plant and equipment $843.6M$919.9M$938.1M$969.1M$1.00B$1.06B$1.04B$934.9M$824.2M$744.4M
Goodwill $279.2M$282.7M$271.6M$269.6M$264.2M$277.6M$270.6M$300.0M$301.8M$301.4M
Other intangibles $55.9M$67.2M$81.4M$93.2M$105.7M$120.0M$132.6M$161.0M$176.5M$190.5M
Total assets $3.17B$2.55B$2.50B$2.55B$2.57B$2.67B$3.04B$2.66B$2.93B$2.42B
Accounts payable $369.8M$195.9M$191.5M$203.3M$227.9M$177.7M$164.6M$212.9M$221.9M$215.7M
Short-term debt ———————$0$399.3M$0
Total current liabilities $676.7M$422.3M$416.0M$434.0M$485.6M$437.4M$898.1M$461.7M$886.5M$461.5M
Total liabilities $1.55B$1.22B$1.22B$1.23B$1.28B$1.30B$1.77B$1.28B$1.70B$1.36B
Retained earnings $1.48B$1.20B$1.17B$1.12B$1.07B$992.6M$1.00B$1.08B$900.7M$765.6M
Total equity $1.57B$1.28B$1.29B$1.31B$1.29B$1.37B$1.27B$1.37B$1.23B$1.05B

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow -$4.0M$208.3M$277.1M$257.9M-$181.4M$235.7M$223.7M$300.5M$277.3M$195.3M
Depreciation and amortisation $143.2M$136.5M$134.7M$134.0M$131.7M$126.5M$119.9M$112.1M$108.7M$107.7M
Stock-based compensation $34.9M$22.1M$24.3M$24.7M$21.0M$24.8M$16.0M$22.8M$20.8M$21.1M
Capital expenditure $76.9M$89.0M$107.6M$94.4M$96.9M$127.3M$244.2M$212.3M$171.0M$118.0M
Investing cash flow -$71.3M-$61.8M-$109.4M-$89.2M-$94.9M-$123.0M-$218.3M-$201.5M-$156.9M-$112.7M
Financing cash flow $31.6M-$133.9M-$141.7M-$143.1M-$150.7M-$574.2M$425.5M-$471.4M$247.2M-$53.3M
Dividends paid $60.8M$61.9M$63.4M$64.5M$66.6M$66.7M$66.3M$65.7M$65.1M$64.1M
Buybacks $10.1M$60.1M$65.6M$49.3M$85.5M$197.0K$209.0K$214.0K$217.0K$241.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-056143.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2017: 2.1B Gross profit, FY2017: 644.9M Net income, FY2017: 49.1M Revenue, FY2018: 2.4B Gross profit, FY2018: 820.1M Net income, FY2018: 200.2M Revenue, FY2019: 2.4B Gross profit, FY2019: 831.5M Net income, FY2019: 241.9M Revenue, FY2020: 1.9B Gross profit, FY2020: 529.5M Net income, FY2020: -5.7M Revenue, FY2021: 1.8B Gross profit, FY2021: 552.5M Net income, FY2021: 54.4M Revenue, FY2022: 2B Gross profit, FY2022: 648M Net income, FY2022: 144.6M Revenue, FY2023: 2.1B Gross profit, FY2023: 646.4M Net income, FY2023: 118.5M Revenue, FY2024: 2B Gross profit, FY2024: 627.1M Net income, FY2024: 109.3M Revenue, FY2025: 2B Gross profit, FY2025: 598.1M Net income, FY2025: 93.1M Revenue, FY2026: 2.4B Gross profit, FY2026: 970M Net income, FY2026: 342.4M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $2.06B $2.37B $2.38B $1.89B $1.84B $2.01B $2.08B $2.05B $1.97B $2.36B
Gross profit $644.9M $820.1M $831.5M $529.5M $552.5M $648.0M $646.4M $627.1M $598.1M $970.0M
Net income $49.1M $200.2M $241.9M -$5.7M $54.4M $144.6M $118.5M $109.3M $93.1M $342.4M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event Item 8.01
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.