Kadant Inc (KAI) Financial Statements (2026 and earlier)

Company Profile

Business Address ONE TECHNOLOGY PARK DRIVE
WESTFORD, MA 01886
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 355 - Special Industry Machinery, Except Metalworking (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments119,55194,660103,83276,37191,18665,682
Cash and cash equivalent119,55194,660103,83276,37191,18665,682
Receivables158,567142,462133,929130,297117,20991,540
Inventory, net of allowances, customer advances and progress billings206,854146,092152,677163,672134,356106,814
Inventory206,854146,092152,677163,672134,356106,814
Other current assets47,23239,41838,75726,81829,53017,250
Other undisclosed current assets9,72919,69410,98718,25211,6018,534
Total current assets:541,933442,326440,182415,410383,882289,820
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 1,7491,9831,7491,9071,5871,599
Operating lease, right-of-use asset 43,24336,48425,12922,64227,33925,460
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization      
Intangible asset, including goodwill, after accumulated amortization905,997758,663551,370561,100596,230512,718
Goodwill555,621479,169392,084385,455396,887351,753
Intangible asset, excluding goodwill, after accumulated amortization350,376279,494159,286175,645199,343160,965
Other noncurrent assets67,59259,02543,60954,51644,11140,391
Other undisclosed noncurrent assets151,664131,864113,62694,30679,06357,583
Total noncurrent assets:1,170,245988,019735,483734,471748,330637,751
TOTAL ASSETS:1,712,1781,430,3451,175,6651,149,8811,132,212927,571
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities100,71094,87783,95993,73296,45363,432
Employee-related liabilities✕✕✕✕✕37,20331,168
Accounts payable53,36251,06242,10458,06059,25032,264
Accrued liabilities47,34843,81541,85535,672  
Debt3,1293,3763,2093,8215,3561,474
Other liabilities46,01239,12052,40643,58148,53231,836
Other undisclosed current liabilities78,32054,19274,83572,32771,15637,946
Total current liabilities:228,171191,565214,409213,461221,497134,688
Noncurrent Liabilities
Long-term debt and lease obligation, including:371,372285,151107,666197,340264,158232,000
Finance lease, liability 798948806959748716
Other undisclosed long-term debt and lease obligation370,574284,203106,860196,381243,451209,086
Liabilities, other than long-term debt121,56895,50177,35083,50980,94163,978
Deferred income tax liabilities62,47941,85036,39838,74534,94421,669
Other liabilities59,08953,65140,95244,76445,99742,309
Operating lease, liability     19,95922,198
Total noncurrent liabilities:492,940380,652185,016280,849345,099295,978
Total liabilities:721,111572,217399,425494,310566,596430,666
Equity
Equity, attributable to parent979,809847,127773,702653,849563,936495,359
Common stock146146146146146146
Treasury stock, value(69,473)(70,524)(71,453)(72,287)(73,596)(75,519)
Additional paid in capital138,844130,180124,940119,924115,888110,824
Accumulated other comprehensive loss(35,349)(72,368)(43,062)(54,578)(30,350)(19,492)
Retained earnings945,641859,693763,131660,644551,848479,400
Equity, attributable to noncontrolling interest11,25811,0012,5381,7221,6801,546
Total equity:991,067858,128776,240655,571565,616496,905
TOTAL LIABILITIES AND EQUITY:1,712,1781,430,3451,175,6651,149,8811,132,212927,571

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues1,052,2481,053,384957,672904,739786,579635,028
Cost of revenue(576,520)(587,236)(541,366)(515,184)(449,679)(357,722)
Cost of product and service sold(576,520)(587,236)(541,366)(515,184)(449,214)(357,722)
Gross profit:475,728466,148416,306389,555336,900277,306
Operating expenses(345,864)(323,278)(250,592)(218,273)(220,190)(196,182)
Other undisclosed operating income27,42428,38243   
Operating income:157,288171,252165,757171,282116,71081,124
Nonoperating income (expense)1,8681,9151,657832163(391)
Investment income, nonoperating1,9291,9151,758904267181
Loss, foreign currency transaction, before tax      (377)
Other nonoperating expense(61) (101)(72)(104)(195)
Interest and debt expense(15,571)(20,028)(8,398)(6,478)(4,821)(7,423)
Other undisclosed income from continuing operations before equity method investments, income taxes      377
Income from continuing operations before equity method investments, income taxes:143,585153,139159,016165,636112,05273,687
Other undisclosed loss from continuing operations before income taxes  (69)    
Income from continuing operations before income taxes:143,585153,070159,016165,636112,05273,687
Income tax expense(39,904)(40,516)(42,210)(43,906)(27,171)(17,948)
Income from continuing operations:103,681112,554116,806121,73084,88155,739
Income before gain (loss) on sale of properties:✕✕✕✕✕84,88155,739
Net income:103,681112,554116,806121,73084,88155,739
Net loss attributable to noncontrolling interest(1,712)(956)(737)(802)(838)(543)
Net income available to common stockholders, diluted:101,969111,598116,069120,92884,04355,196

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:103,681112,554116,806121,73084,88155,739
Other comprehensive income (loss)37,262(29,443)11,595(24,358)(10,980)18,272
Comprehensive income:140,94383,111128,40197,37273,90174,011
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,955)(819)(816)(672)(716)(687)
Comprehensive income, net of tax, attributable to parent:138,98882,292127,58596,70073,18573,324

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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