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Companies / Industrials / Kadant Inc.
KAI

Kadant Inc.

IndustrialsIndustrial Machinery
Ticker KAIWESTFORD, MAFiscal year ends JanuaryBook value per share $86.61Diluted shares 11.8M

Kadant Inc. (NYSE: KAI) supplies technologies and engineered systems for industrial process industries, including paper and packaging, tissue, wood products, food processing, mining, and recycling. Its products support fluid handling, heat transfer, cleaning, filtration, fiber and wood processing, boiler efficiency,… From the company’s description.

In fiscal 2026, Kadant Inc. reported revenue of $1.05B, down 0.1% from fiscal 2024, and net income of $103.68M. Its operating margin was 14.9%, and operations generated $171.33M in cash. Over the twelve months to Jul 4, 2026, revenue was $1.15B.

Fiscal year 2026 · ends 01-02Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-07-04
Sales & profitability
$1.05BFY2026
−0.1% year over year
Last 12 mo $1.15B
14.95%FY2026
−1.3 percentage points
Last 12 mo 15.04%
$103.68MFY2026
−7.9% year over year
Last 12 mo $111.27M
10.41%FY2026
−2.8 percentage points
Last 12 mo 10.73%
Cash & financing
$171.33MFY2026
+10.3% year over year
Last 12 mo $183.44M
$154.28MFY2026
+14.9% year over year
Last 12 mo $159.99M
0.44FY2026
Was 0.38× a year earlier
Last 12 mo 0.50
11.8MFY2026
+0.2% year over year
Last 12 mo 11.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Kadant Inc. does

In the company’s own words

Kadant Inc. (NYSE: KAI) supplies technologies and engineered systems for industrial process industries, including paper and packaging, tissue, wood products, food processing, mining, and recycling. Its products support fluid handling, heat transfer, cleaning, filtration, fiber and wood processing, boiler efficiency, and the movement and baling of materials. Customers include global and regional industrial manufacturers and distributors. Kadant reports three segments: Flow Control, which provides fluid-handling and doctoring, cleaning, and filtration products; Industrial Processing, which serves fiber processing, wood processing, and industrial automation needs; and Material Handling, which supplies conveying and vibratory equipment, baling systems, and biodegradable absorbent granules. Its products include rotary joints, paper-machine doctor blades, wood debarkers and chippers, pulp-processing systems, conveyors, and recycling balers. The company acquired Babbini and Clyde Industries in 2025, adding dewatering, power-transmission, boiler-efficiency, and cleaning technologies to Industrial Processing. In fiscal 2025, Kadant had approximately 3,900 full-time employees worldwide, and about 50% of its revenue came from customers outside the United States. Its website is kadant.com.

Company details
Sector
Industrials
Industry (SIC)
Industrial Machinery
Headquarters
WESTFORD, MA
Fiscal year end
January
CIK
886346
SIC
3550

Financial performance, year by year

Fiscal 2011–2026 · USD
$-115.22M$230.43M$576.08M$921.72M$1.27B2011201220132015201620172018201920212022202320242026Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Kadant Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

303
funds hold it
0 of 35
superinvestors hold it
$2.04B
held by funds, at market
55.3%
of shares held by funds

Largest fund holders · Kadant Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.20%of fund net assets
0.23%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.12%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.05%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

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”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Kadant Inc. and its peers compare on margins and cash generation over ten years?”
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