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Kadant (KAI) earnings and revenue breakdown
Latest: Q3 2026 · 8-K filed Nov 3, 2026
Q3 2026 Revenue up 15% year over year to $313M · 11¢ of every $1 of revenue kept as net profit · operating margin 17.1%
Kadant made $313M in Q3 2026 (+15% Y/Y): Industrial Processing $143M, Flow Control $102M, Material Handling $67.4M. Operating margin 17.1%, net earnings $35.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Nov 3, 2026 (preliminary, from the earnings release).
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $313.2M in Q3 2026, up 15% year over year and roughly flat from the previous quarter. Industrial Processing was the largest line at 46% of revenue. Industrial Processing added $37.0M year over year (up 35%), 89% of the total change. Material Handling declined 4%.
Operating profit was $53.6M, a 17.1% margin (up 1.4 points year over year). Of the extra revenue versus Q3 2025, 26% reached operating profit, above the 16% margin then. Total costs grew 13% against revenue growth of 15%. The fastest-growing cost line was Cost of revenue (+16%). Net earnings were $35.1M, up 27% year over year. The effective tax rate was 26.4%.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 8-K | Nov 3, 2026 | $313M | +15% | 17.1% | $35.1M | — |
| Q2 2026 | 10-Q | Aug 12, 2026 | $313M | +23% | 16.3% | $32.5M | $53.5M |
| Q1 2026 | 10-Q | May 13, 2026 | $282M | +18% | 14.2% | $25.5M | $21.9M |
| Q4 2025 | 10-K | Mar 3, 2026 | $286M | +11% | 13.9% | $24.0M | $60.8M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $272M | 0% | 15.7% | $27.7M | $47.3M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $255M | -7% | 15.4% | $26.2M | $40.5M |
| Q1 2025 | 10-Q | May 7, 2025 | $239M | -4% | 14.9% | $24.1M | $22.8M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Kadant
Throughout this Annual Report on Form 10-K, when we use the terms "we," "us," "our," "Registrant," and the "Company," we mean Kadant Inc., and its consolidated subsidiaries, taken as a whole, unless the context otherwise indicates. Kadant Inc. trades on the New York Stock Exchange under the ticker symbol "KAI." Unless otherwise noted, references to 2025, 2024, and 2023 in this Annual Report on Form 10-K are to our fiscal years ended January 3, 2026, December 28, 2024, and December 30, 2023, respectively.
In its own words, from its 10-K, filed Mar 3, 2026.
Kadant against its Special Industry Machinery (No Metalworking Machinery) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +15% against the peers' median +15%. Operating margin: 17.1% against the peers' median 18.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| KAI Kadant | Q3 2026 | $313M | +15% | 17.1% |
| NVT nVent Electric | Q3 2026 | $1.5B | +44% | 18.6% |
| JBTM JBT Marel | Q3 2026 | $994M | -0.7% | 10.1% |
| PNR Pentair | Q3 2026 | $976M | -4% | 20.1% |
Source: Kadant 8-K on SEC EDGAR · CIK 886346 · Special Industry Machinery (No Metalworking Machinery)
Guidance and outlook
13F: who owns KAI and who is buying
More on KAI
- How Kadant makes money: revenue by segment
- Kadant next earnings date and what analysts expect
- Kadant stock forecast, price target and fair value
- Who owns Kadant stock: holders, funds and Congress trades
- Kadant guidance and outlook
- Is Kadant a takeover target? LBO and rumors
- Kadant recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results