KAI

KADANT INC

Ticker: KAIIndustrialsIndustrial Machinery
HQ WESTFORD, MACIK 886346FY end 01-02Book / share $86.61Shares 12M
Revenue (FY)
$1.05B-0.11%
TTM $1.15B
Op. margin
14.95%-1.31%
TTM 15.04%
Net income
$103.68M-7.88%
TTM $111.27M
Operating cash
$171.33M+10.35%
TTM $183.44M
Free cash flow
$154.28M+14.91%
TTM $159.99M
Return on equity
10.41%-2.77%
TTM 10.73%
Debt / equity
0.44+0.06%
TTM 0.50
Shares outstanding
11.8M+0.20%
TTM 11.8M

The business

Kadant Inc. (NYSE: KAI) is a global supplier of technologies and engineered systems that drive Sustainable Industrial Processing, operating through three reportable segments: Flow Control, Industrial Processing, and Material Handling. The company serves process industries including paper, packaging, tissue, wood products, mining, metals, food processing, and recycling and waste management. Kadant's business model centers on enhancing efficiency, optimizing energy utilization, and maximizing productivity while helping customers advance sustainability initiatives.

The Flow Control segment provides custom-engineered products and systems that control fluid flow in industrial applications, encompassing fluid-handling systems such as rotary joints, syphons, and expansion joints, as well as doctoring, cleaning, and filtration systems for papermaking and continuous process equipment. The Industrial Processing segment manufactures equipment for recycling paper and paperboard, processing timber, and optimizing industrial steam boiler efficiency, including wood processing equipment like debarkers and stranders, and fiber processing systems for pulping and de-inking. The Material Handling segment produces conveying and vibratory equipment, baling systems, and biodegradable absorbent granules for aggregates, mining, food, and waste management industries.

As of January 3, 2026, Kadant employed approximately 3,900 full-time employees worldwide, with roughly 50 percent in North America, 30 percent in Europe, and 15 percent in Asia. The company maintains research and development facilities across the United States, Europe, and Canada. Approximately 50 percent of consolidated revenue derives from customers outside the United States, primarily in Europe, Asia, and Canada. Kadant maintains one of the largest installed bases of equipment in its served markets and competes primarily on technical expertise, product innovation, product performance, and customer service. The company pursues growth through acquisitions of complementary businesses and technologies, having completed acquisitions across all three segments in recent years. Notable brands include Link-Belt, a conveying equipment trademark licensed on a perpetual, royalty-free basis. More information is available at kadant.com.

Sector
Industrials
Industry
Industrial Machinery
HQ
WESTFORD, MA
FY end
01-02
CIK
886346
SIC
3550
Financial performance · annual
20112026
$-115.22M$230.43M$576.08M$921.72M$1.27B2011201220132015201620172018201920212022202320242026TTMTTMTTM

Ownership

Who holds KADANT INC — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

303
funds hold it
0 of 35
superinvestors hold it
$2.04B
fund-held value
55.3%
of shares held by funds

Top fund holders

Fund% of fundValue
iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.20%$223.54M
SMALLCAP World Fund Inc
SMCWX
0.23%$216.00M
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$117.98M
iShares Russell 2000 ETF
IWM · iShares Trust
0.12%$98.05M
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.05%$85.14M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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