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KMT

Kennametal Inc.

KMT

Kennametal Inc. • NYSE
$27.68 ▲ 0.07% (+0.02)
Market Cap $2.10 B
52w High $29.15
52w Low $17.30
Dividend Yield 0.80%
P/E 23.07
Volume 368.25K
Outstanding Shares 76.02M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $497.974M ▼ $118.591M ▲ $23.298M ▲ 4.679% ▲ $0.31 ▲ $74.671M ▲
Q4-2025 $516.447M ▲ $114.295M ▲ $21.592M ▼ 4.181% ▼ $0.28 ▼ $71.667M ▼
Q3-2025 $486.399M ▲ $112.305M ▼ $31.482M ▲ 6.472% ▲ $0.41 ▲ $83.367M ▲
Q2-2025 $482.051M ▲ $113.363M ▼ $17.928M ▼ 3.719% ▼ $0.23 ▼ $67.155M ▼
Q1-2025 $481.948M $114.982M $22.123M 4.59% $0.28 $71.241M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $103.497M ▼ $2.519B ▼ $1.193B ▼ $1.284B ▲
Q4-2025 $140.54M ▲ $2.545B ▲ $1.221B ▲ $1.284B ▲
Q3-2025 $97.467M ▼ $2.491B ▲ $1.212B ▲ $1.237B ▲
Q2-2025 $121.151M ▲ $2.436B ▼ $1.176B ▼ $1.22B ▼
Q1-2025 $119.588M $2.522B $1.204B $1.277B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $23.298M ▲ $17.487M ▼ $-22.706M ▼ $-31.075M ▲ $-37.043M ▼ $-5.495M ▼
Q4-2025 $23.123M ▼ $78.594M ▲ $-1.77M ▲ $-35.893M ▼ $43.073M ▲ $57.129M ▲
Q3-2025 $33.082M ▲ $28.83M ▼ $-23.464M ▼ $-29.977M ▲ $-23.684M ▼ $5.291M ▼
Q2-2025 $20.38M ▼ $55.154M ▲ $-16.638M ▲ $-31.695M ▲ $1.563M ▲ $35.935M ▲
Q1-2025 $22.123M $45.746M $-19.953M $-36.354M $-8.383M $20.998M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Infrastructure
Infrastructure
 $180.00M ▲$180.00M ▲$200.00M ▲$190.00M ▼
Metal Cutting
Metal Cutting
 $300.00M ▲$300.00M ▲$320.00M ▲$310.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly steady over the last several years, with only modest ups and downs rather than strong growth. Profitability improved meaningfully coming out of 2021, then peaked and has eased a bit more recently. Margins are solid for an industrial tools maker but not expanding in a decisive way, suggesting decent pricing power and cost control, but also a competitive and cyclical backdrop. Overall, the business looks consistently profitable, but not on a clear, strong growth trajectory in sales or earnings right now.

Balance Sheet

Balance Sheet The balance sheet appears stable and conservative. Total assets and equity have been broadly steady, indicating no major expansion binge or balance‑sheet stress. Debt sits at a moderate level and has not ballooned, while cash on hand is modest but relatively consistent. This mix points to a company that relies on a balanced combination of equity and debt, with manageable financial risk and no obvious signs of over‑leveraging.

Cash Flow

Cash Flow Operating cash flow has been positive and generally improving over the last few years, which supports the quality of reported earnings. After funding capital spending, the company has been able to generate positive free cash flow, and that cushion has grown compared with earlier years. Capital investment levels look steady rather than aggressive, suggesting a focus on maintaining and selectively upgrading capacity rather than large, risky expansions. Overall, cash generation appears reliable, which is important for funding dividends, debt service, and ongoing investment needs.

Competitive Edge

Competitive Edge Kennametal holds a strong position in industrial tooling, built on decades of materials science expertise, advanced coatings, and precision engineering. Its brand is well known, customer relationships are deep, and its global distribution network makes it hard for smaller rivals to match its reach and service. A diversified customer base across many end‑markets adds resilience. At the same time, the company still operates in a cyclical, competitive industry where customers are cost‑sensitive and large global peers also invest heavily in technology, so maintaining this edge requires continual innovation and disciplined execution.

Innovation and R&D

Innovation and R&D Innovation is a central strength. Kennametal’s focus on proprietary carbide and ceramic materials, advanced coatings, and high‑performance tooling gives it clear technical differentiation. Its early push into additive manufacturing, including complex 3D‑printed metal components, could open higher‑value niches and lighter, more efficient products. The company is also leaning into digital tools, smart machining, and AI‑enabled software, while targeting growth in demanding areas such as aerospace and defense and pushing recycling and sustainability programs. The key risk is execution: turning this promising pipeline into scaled, profitable products and services over time.

Summary

Overall, Kennametal looks like a mature industrial technology company with steady revenues, consistent profitability, and a generally conservative balance sheet backed by solid cash generation. Its long history, strong brand, and deep materials science know‑how underpin a meaningful competitive moat, while initiatives in additive manufacturing, digitalization, and advanced tooling offer room for future growth. The flip side is that growth has been modest, the business remains exposed to industrial cycles, and ongoing investment is required to stay ahead of capable global competitors. The story is one of stability plus innovation, rather than rapid expansion.

NEWS

November 19, 2025 · 6:30 AM UTC

Kennametal to Attend Goldman Sachs Industrials and Materials Conference

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November 18, 2025 · 6:30 AM UTC

Kennametal to Attend UBS Global Industrials & Transportation Conference

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November 5, 2025 · 6:30 AM UTC

Kennametal Announces Fiscal 2026 First Quarter Results

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October 15, 2025 · 6:30 AM UTC

Kennametal to Host Earnings Conference Call & Webcast on First Quarter Fiscal 2026 Results

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October 1, 2025 · 8:00 AM UTC

Kennametal Recognized Among Top of Caterpillar's Indirect Suppliers for Second Consecutive Year

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