Kadant Inc (KAI) financial statements: income statement, balance sheet and cash flow
Kadant Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 3, 2026 · FY), Kadant Inc reported revenue of $1.1B (-0.1% year on year) and net income of $103.7M (-7.9% year on year).
Income statement
Kadant Inc income statement, fiscal years
Line item
Jan 3, 2026 · FY
Dec 28, 2024 · FY
Dec 30, 2023 · FY
Dec 31, 2022 · FY
Revenue (Notes 1 and 11)
$1.1B
$1.1B
$957.7M
$904.7M
Cost of revenue
$576.5M
$587.2M
$541.4M
$515.2M
Selling, general, and administrative expenses
$301.9M
$279.9M
$236.3M
$224.4M
Research and development expenses
$15.3M
$14.3M
$13.6M
$12.7M
Other costs, net (Note 8)
$1.3M
—
—
—
Total Costs and Operating Expenses
$895.0M
$882.1M
$791.9M
$733.5M
Operating Income
$157.3M
$171.3M
$165.8M
$171.3M
Interest Income
$1.9M
$1.9M
$1.8M
$904.0K
Interest Expense
($15.6M)
($20.0M)
($8.4M)
($6.5M)
Other Expense, Net
($61.0K)
($69.0K)
($101.0K)
($72.0K)
Income Before Provision for Income Taxes
$143.6M
$153.1M
$159.0M
$165.6M
Provision for Income Taxes (Note 5)
$39.9M
$40.5M
$42.2M
$43.9M
Net Income
$103.7M
$112.6M
$116.8M
$121.7M
Net Income Attributable to Noncontrolling Interests
($1.7M)
($956.0K)
($737.0K)
($802.0K)
Net income attributable to Kadant
$102.0M
$111.6M
$116.1M
$120.9M
Basic (in dollars per share)
$8.66
$9.51
$9.92
$10.38
Diluted (in dollars per share)
$8.65
$9.48
$9.90
$10.35
Basic (in shares)
11.8M
11.7M
11.7M
11.7M
Diluted (in shares)
11.8M
11.8M
11.7M
11.7M
Kadant Inc income statement, quarters
Line item
Jul 4, 2026 · Q2
Apr 4, 2026 · Q1
Sep 27, 2025 · Q3
Jun 28, 2025 · Q2
Revenue (Notes 1 and 9)
$312.9M
$281.5M
$271.6M
$255.3M
Cost of revenue
$175.9M
$154.8M
$148.9M
$138.2M
Selling, general, and administrative expenses
$81.6M
$82.5M
$75.8M
$73.9M
Research and development expenses
$4.5M
$4.1M
$3.9M
$3.7M
Total Costs and Operating Expenses
$262.0M
$241.4M
$229.0M
$215.9M
Operating Income
$50.9M
$40.1M
$42.6M
$39.4M
Interest Income
$495.0K
$351.0K
$373.0K
$439.0K
Interest Expense
($5.3M)
($4.5M)
($3.1M)
($3.3M)
Other Expense, Net
($32.0K)
($13.0K)
($19.0K)
($17.0K)
Income Before Provision for Income Taxes
$46.0M
$36.0M
$39.9M
$36.5M
Provision for Income Taxes (Note 4)
$13.2M
$10.1M
$11.8M
$9.8M
Net Income
$32.8M
$25.8M
$28.1M
$26.6M
Net Income Attributable to Noncontrolling Interests
($379.0K)
($312.0K)
($393.0K)
($480.0K)
Net Income Attributable to Kadant
$32.5M
$25.5M
$27.7M
$26.2M
Basic (in dollars per share)
$2.75
$2.16
$2.35
$2.22
Diluted (in dollars per share)
$2.75
$2.16
$2.35
$2.22
Basic (in shares)
11.8M
11.8M
11.8M
11.8M
Diluted (in shares)
11.8M
11.8M
11.8M
11.8M
Balance sheet
Kadant Inc balance sheet, fiscal years
Line item
Jan 3, 2026 · FY
Dec 28, 2024 · FY
Dec 30, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$119.6M
$94.7M
$103.8M
$76.4M
Restricted cash
$3.1M
$1.3M
$2.6M
$3.4M
Accounts receivable, net of allowances of $5,149 and $4,403
$158.6M
$142.5M
$133.9M
$130.3M
Inventories
$206.9M
$146.1M
$152.7M
$163.7M
Contract assets
$6.6M
$18.4M
$8.4M
$14.9M
Other current assets
$47.2M
$39.4M
$38.8M
$26.8M
Total Current Assets
$541.9M
$442.3M
$440.2M
$415.4M
Property, Plant, and Equipment, Net
$196.7M
$170.3M
$140.5M
$118.9M
Other Assets
$67.6M
$59.0M
$43.6M
$54.5M
Intangible Assets, Net (Notes 1 and 2)
$350.4M
$279.5M
$159.3M
$175.6M
Goodwill (Notes 1 and 2)
$555.6M
$479.2M
$392.1M
$385.5M
Total Assets
$1.7B
$1.4B
$1.2B
$1.1B
Current maturities of long-term obligations (Note 6)
$3.1M
$3.4M
$3.2M
$3.8M
Accounts payable
$53.4M
$51.1M
$42.1M
$58.1M
Accrued payroll and employee benefits
$47.3M
$43.8M
$41.9M
$35.7M
Accrued warranty and installation costs
$11.8M
$10.7M
—
—
Customer deposits
$56.9M
$35.9M
$62.6M
$64.4M
Advanced billings
$9.6M
$7.6M
$12.2M
$8.0M
Other current liabilities
$46.0M
$39.1M
$52.4M
$43.6M
Total Current Liabilities
$228.2M
$191.6M
$214.4M
$213.5M
Long-Term Obligations (Note 6)
$371.4M
$285.2M
$107.7M
$197.3M
Deferred Income Taxes (Note 5)
$62.5M
$41.9M
$36.4M
$38.7M
Other Long-Term Liabilities
$59.1M
$53.7M
$41.0M
$44.8M
Preferred stock, $.01 par value, 5,000,000 shares authorized; none issued
0
0
0
0
Common stock, $.01 par value, 150,000,000 shares authorized; 14,624,159 shares issued
146.0K
146.0K
146.0K
146.0K
Capital in excess of par value
$138.8M
$130.2M
$124.9M
$119.9M
Retained earnings
$945.6M
$859.7M
$763.1M
$660.6M
Treasury stock at cost, 2,835,165 and 2,878,080 shares
-69.5M
-70.5M
-71.5M
-72.3M
Accumulated other comprehensive items (Note 13)
($35.3M)
($72.4M)
($43.1M)
($54.6M)
Total Kadant Stockholders' Equity
$979.8M
$847.1M
$773.7M
$653.8M
Noncontrolling interests
$11.3M
$11.0M
$2.5M
$1.7M
Total Stockholders' Equity
$991.1M
$858.1M
$776.2M
$655.6M
Total Liabilities and Stockholders' Equity
$1.7B
$1.4B
$1.2B
$1.1B
Kadant Inc balance sheet, quarters
Line item
Jul 4, 2026
Apr 4, 2026
Sep 27, 2025
Jun 28, 2025
Cash and cash equivalents
$134.5M
$117.0M
$124.5M
$95.3M
Restricted cash
$3.1M
$2.8M
$2.4M
$1.9M
Accounts receivable, net of allowances of $5,143 and $5,149
$168.7M
$172.4M
$158.8M
$152.6M
Inventories
$216.5M
$214.8M
$179.7M
$168.6M
Contract assets
$9.0M
$5.9M
$9.9M
$11.1M
Other current assets
$49.0M
$49.7M
$44.7M
$45.2M
Total Current Assets
$580.8M
$562.6M
$520.0M
$474.7M
Property, Plant, and Equipment, net of accumulated depreciation of $184,252 and $173,586
$228.8M
$193.3M
$177.4M
$174.7M
Other Assets
$64.9M
$66.5M
$67.0M
$64.3M
Intangible Assets, Net (Notes 1 and 2)
$353.9M
$341.2M
$270.8M
$273.0M
Goodwill (Notes 1 and 2)
$660.9M
$551.1M
$497.1M
$497.8M
Total Assets
$1.9B
$1.7B
$1.5B
$1.5B
Current maturities of long-term obligations (Note 5)
$3.2M
$3.2M
$3.4M
$3.3M
Accounts payable
$56.3M
$55.5M
$50.6M
$52.5M
Accrued payroll and employee benefits
$46.4M
$37.9M
$45.5M
$37.8M
Accrued warranty costs
$11.7M
$10.5M
$10.4M
$10.0M
Customer deposits
$49.5M
$64.5M
$49.1M
$47.6M
Advanced billings
$8.6M
$10.2M
$9.3M
$8.0M
Other current liabilities
$48.5M
$45.7M
$44.2M
$40.5M
Total Current Liabilities
$224.2M
$227.4M
$212.5M
$199.8M
Long-Term Obligations (Note 5)
$507.5M
$360.2M
$254.6M
$245.7M
Deferred Income Taxes
$64.1M
$63.4M
$46.0M
$45.2M
Other Long-Term Liabilities
$59.9M
$57.5M
$57.6M
$56.5M
Preferred stock, $.01 par value, 5,000,000 shares authorized; none issued
0
0
0
0
Common stock, $.01 par value, 150,000,000 shares authorized; 14,624,159 shares issued
146.0K
146.0K
146.0K
146.0K
Capital in excess of par value
$139.2M
$136.4M
$133.9M
$131.3M
Retained earnings
$995.1M
$966.9M
$925.6M
$901.9M
Treasury stock at cost, 2,815,057 and 2,835,165 shares
-69.0M
-69.0M
-69.7M
-69.8M
Accumulated other comprehensive items (Note 7)
($42.6M)
($38.8M)
($40.1M)
($37.6M)
Total Kadant Stockholders' Equity
$1.0B
$995.6M
$949.8M
$926.0M
Noncontrolling interests
$10.8M
$10.5M
$11.7M
$11.3M
Total Stockholders' Equity
$1.0B
$1.0B
$961.5M
$937.3M
Total Liabilities and Stockholders' Equity
$1.9B
$1.7B
$1.5B
$1.5B
Cash flow statement
Kadant Inc cash flow statement, fiscal years
Line item
Jan 3, 2026 · FY
Dec 28, 2024 · FY
Dec 30, 2023 · FY
Dec 31, 2022 · FY
Net income attributable to Kadant
$102.0M
$111.6M
$116.1M
$120.9M
Net income attributable to noncontrolling interests
$1.7M
$956.0K
$737.0K
$802.0K
Net income
$103.7M
$112.6M
$116.8M
$121.7M
Depreciation and amortization
$51.2M
$49.6M
$33.3M
$34.9M
Stock-based compensation expense
$11.2M
$10.6M
$9.8M
$8.6M
Provision for losses on accounts receivable
$737.0K
$721.0K
$531.0K
$1.2M
Other income (Note 8)
$0
$0
($841.0K)
—
Other non-cash costs (Note 8)
$287.0K
$0
$36.0K
$731.0K
Deferred income tax provision (benefit)
$2.4M
$1.2M
($1.9M)
$7.2M
Other items, net
$8.0M
$7.2M
$4.6M
$6.7M
Accounts receivable
$13.5M
($2.8M)
($1.7M)
($18.5M)
Contract assets
$12.2M
($7.0M)
$6.5M
($6.7M)
Inventories
($12.9M)
$24.0M
$14.1M
($36.1M)
Other assets
$2.0M
($1.1M)
$4.2M
($5.6M)
Accounts payable
($7.2M)
$10.6M
($19.9M)
$1.4M
Customer deposits
$9.3M
($29.8M)
($9.0M)
$14.4M
Other liabilities
($23.2M)
($21.2M)
$9.2M
($6.9M)
Net cash provided by operating activities
$171.3M
$155.3M
$165.5M
$102.6M
Acquisitions, net of cash acquired (Note 2)
($190.0M)
($300.3M)
($905.0K)
($3.5M)
Purchases of property, plant, and equipment
($17.0M)
($21.0M)
($31.9M)
($28.2M)
Proceeds from sale of property, plant, and equipment
$250.0K
$1.3M
$1.6M
$2.1M
Other investing activities
$1.4M
$914.0K
$328.0K
$42.0K
Net cash used in investing activities
($205.4M)
($319.1M)
($30.8M)
($29.5M)
Proceeds from issuance of long-term obligations (Note 6)
$199.0M
$305.2M
$0
$22.1M
Repayment of short- and long-term obligations
($123.4M)
($124.5M)
($94.0M)
($85.5M)
Dividends paid
($15.8M)
($14.7M)
($13.2M)
($12.0M)
Proceeds from issuance of Company common stock
$4.6M
$1.6M
$0
$1.4M
Tax withholding payments related to stock-based compensation
($6.1M)
($5.9M)
($3.9M)
($4.6M)
Dividends paid to noncontrolling interests
($1.7M)
($1.3M)
$0
($630.0K)
Acquisition of subsidiary shares from noncontrolling interest (Note 2)
0
-523.0K
—
—
Payment of debt issuance costs
($2.6M)
$0
($8.0K)
($1.3M)
Net cash provided by (used in) financing activities
$54.0M
$159.9M
($111.1M)
($80.6M)
Exchange Rate Effect on Cash, Cash Equivalents, and Restricted Cash
$6.8M
($6.5M)
$3.1M
($7.0M)
Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash
$26.7M
($10.5M)
$26.7M
($14.4M)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year
$95.9M
$106.5M
$79.7M
$94.2M
Cash, Cash Equivalents, and Restricted Cash at End of Year
$122.7M
$95.9M
$106.5M
$79.7M
Kadant Inc cash flow statement, quarters
Line item
Jul 4, 2026 · YTD
Apr 4, 2026 · Q1
Sep 27, 2025 · YTD
Jun 28, 2025 · YTD
Net Income Attributable to Kadant
$58.0M
$25.5M
$77.9M
$50.2M
Net income attributable to noncontrolling interests
$691.0K
$312.0K
$1.2M
$854.0K
Net Income
$58.7M
$25.8M
$79.2M
$51.1M
Depreciation and amortization
$30.2M
$14.6M
$36.5M
$24.1M
Stock-based compensation expense
$5.8M
$2.9M
$8.5M
$5.8M
Provision for (recovery of) losses on accounts receivable
$92.0K
$272.0K
$1.0M
($44.0K)
Other items, net
$5.3M
$3.5M
$3.7M
$3.8M
Accounts receivable
($7.4M)
($14.3M)
($7.7M)
($3.1M)
Contract assets
($2.4M)
$697.0K
$8.9M
$7.7M
Inventories
$1.2M
($9.2M)
($12.9M)
($14.8M)
Other assets
($159.0K)
($1.6M)
$901.0K
($2.8M)
Accounts payable
($37.0K)
$2.5M
($4.7M)
($608.0K)
Customer deposits
($7.5M)
$7.3M
$7.2M
$9.4M
Other liabilities
($8.4M)
($10.6M)
($10.4M)
($17.1M)
Net cash provided by operating activities
$75.4M
$21.9M
$110.6M
$63.3M
Acquisitions, net of cash acquired (Note 2)
($171.8M)
($1.2M)
($16.5M)
$0
Purchases of property, plant, and equipment
($14.2M)
($3.3M)
($11.0M)
($7.8M)
Proceeds from sale of property, plant, and equipment
$439.0K
$489.0K
$136.0K
$166.0K
Other investing activities
$441.0K
—
$1.1M
$698.0K
Net cash used in investing activities
($185.1M)
($3.9M)
($26.2M)
($6.9M)
Proceeds from issuance of long-term obligations (Note 5)
$190.9M
$9.0M
$29.0M
$8.0M
Repayment of long-term obligations
($49.2M)
($19.1M)
($69.4M)
($56.9M)
Tax withholding payments related to stock-based compensation
($4.9M)
($4.9M)
($6.1M)
($6.1M)
Dividends paid
($8.3M)
($4.0M)
($11.8M)
($7.8M)
Proceeds from issuance of Company common stock
$0
$0
$2.1M
$2.1M
Dividends paid to noncontrolling interests
($1.1M)
($990.0K)
($825.0K)
($825.0K)
Payment of debt issuance costs
($27.0K)
—
—
—
Net cash provided by (used in) financing activities
$127.4M
($20.1M)
($59.3M)
($61.5M)
Exchange Rate Effect on Cash, Cash Equivalents, and Restricted Cash
($2.8M)
($804.0K)
$5.9M
$6.3M
Increase in Cash, Cash Equivalents, and Restricted Cash
$14.9M
($2.9M)
$31.0M
$1.2M
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period
$122.7M
$122.7M
$95.9M
$95.9M
Cash, Cash Equivalents, and Restricted Cash at End of Period