Filing Flows

Filing Flows › Companies › Kadant › Cash flow

Kadant cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$42.6M in Q2 2026 · $160M over twelve months

Operating cash flow$53.5M
Capital spending−$10.9M
Free cash flow+$42.6M
Cash / net income1.6×
Cash conversion cycle132 days

Analysis

In Q2 2026, Kadant generated $53.5M of operating cash flow and spent $10.9M on capital projects, leaving free cash flow of $42.6M.

Over the twelve months to Jul 4, 2026, operating cash flow was $183M; the largest uses were acquisitions ($362M), capital spending ($23.4M), dividends ($16.3M); besides operations, cash came from net borrowing (+) / repaid (−) ($266M), shares issued ($2.5M); the cash balance rose by $40.4M.

Operating cash flow was $53.5M against net income of $32.8M — 1.6× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$15.5M, inventory +$10.4M, receivables +$7.0M.

Its cash conversion cycle was 132 days (receivables 50 + inventory 112 − payables 29).

Free cash flow

Kadant: free cash flow by quarterKadant: free cash flow by quarter$48.3MQ3 2024$46.3MQ4 2024$19.0MQ1 2025$36.5MQ2 2025$44.1MQ3 2025$54.7MQ4 2025$18.7MQ1 2026$42.6MQ2 2026
Operating cash flow less capital spending.
Kadant: operating cash flow against capital spendingKadant: operating cash flow against capital spendingOperating cash flowCapital spending$52.5M$4.2MQ3 2024$51.9M$5.6MQ4 2024$22.8M$3.8MQ1 2025$40.5M$4.0MQ2 2025$47.3M$3.2MQ3 2025$60.8M$6.0MQ4 2025$21.9M$3.3MQ1 2026$53.5M$10.9MQ2 2026
Latest (Q2 2026): Operating cash flow $53.5M, Capital spending $10.9M.

Capital allocation, year by year

Kadant: where the cash came from (up) and went (down), by fiscal yearKadant: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsDividendsFY2021: Operating cash flow $162MFY2021: Net borrowing $36.4MFY2021: Shares issued $1.9MFY2021: Asset sales $1.7MFY2021: Capital spending −$12.8MFY2021: Acquisitions −$144MFY2021: Dividends −$11.5M$202MFY2021FY2022: Operating cash flow $103MFY2022: Net borrowing −$63.5MFY2022: Shares issued $1.4MFY2022: Asset sales $2.1MFY2022: Capital spending −$28.2MFY2022: Acquisitions −$3.5MFY2022: Dividends −$12.0M$106MFY2022FY2023: Operating cash flow $166MFY2023: Net borrowing −$94.0MFY2023: Asset sales $1.6MFY2023: Capital spending −$31.9MFY2023: Acquisitions −$905KFY2023: Dividends −$13.2M$167MFY2023FY2024: Operating cash flow $155MFY2024: Net borrowing $180MFY2024: Shares issued $1.6MFY2024: Asset sales $1.3MFY2024: Capital spending −$21.0MFY2024: Acquisitions −$300MFY2024: Dividends −$14.7M$338MFY2024FY2025: Operating cash flow $171MFY2025: Net borrowing $75.7MFY2025: Shares issued $4.6MFY2025: Asset sales $250KFY2025: Capital spending −$17.0MFY2025: Acquisitions −$190MFY2025: Dividends −$15.8M$252MFY2025
Over these 5 years operating cash flow totalled $757M; the largest uses were acquisitions ($639M) and net borrowing ($157M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$135M
Debt$511M
Net debt$376M
Due within a year$2.1M

Kadant funds itself: free cash flow was $160M over the last twelve months, and $135M of cash and investments stands against $511M of debt ($2.1M due within a year, 62.7× covered by cash).

Kadant: debt maturities by year (FY2025)Kadant: debt maturities by year (FY2025)$2.1MYear 1$2.0MYear 2$1.8MYear 3$23KYear 4$367MYear 5$11KAfter year 5
Principal due in each year as disclosed in the annual report, against $135M of cash and investments now.

Where the cash came from and went

Kadant: sources (+) and uses (−) of cash, Q2 2026Kadant: sources (+) and uses (−) of cash, Q2 2026Acquisitions−$171MNet borrowing (+) / repaid (−)$152MOperating cash flow$53.5MCash drawn (+) / kept (−)−$17.8MCapital spending−$10.9MDividends−$4.3MExchange rates−$2.0MOther investing$441KPartners−$110KAsset & business sales−$50KOther financing−$27KTaxes on employees’ shares−$1K
Kadant: sources (+) and uses (−) of cash, TTM to Q2 2026Kadant: sources (+) and uses (−) of cash, TTM to Q2 2026Acquisitions−$362MNet borrowing (+) / repaid (−)$266MOperating cash flow$183MCash drawn (+) / kept (−)−$40.4MCapital spending−$23.4MDividends−$16.3MTaxes on employees’ shares−$5.0MOther financing−$2.7MShares issued$2.5MExchange rates−$2.3MPartners−$2.0MOther investing$1.1M

From profit to cash

Kadant: net income to operating cash flow, Q2 2026Kadant: net income to operating cash flow, Q2 2026Net income$32.8MDepreciation & amortization$15.5MStock-based pay$2.9MOther non-cash$1.8MReceivables$7.0MInventory$10.4MPayables−$2.6MContract assets−$3.1MPrepaid and other assets$1.5MOther liabilities$2.2MOperating cash flow$53.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 20265011229132
Q1 20265312432145
Q4 20255411832141
Q3 20255210632127
Q2 20255310634126
Q1 20255510635125
Q4 2024529832119
Q3 20245110432123

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$53.5M−$10.9M−$171M−$4.3M$152M—−$17.8M$42.6M
Q1 2026$21.9M−$3.3M−$1.2M−$4.0M−$10.1M—$2.9M$18.7M
Q4 2025$60.8M−$6.0M−$174M−$4.0M$116M$2.5M$4.2M$54.7M
Q3 2025$47.3M−$3.2M−$16.5M−$4.0M$8.6M—−$29.7M$44.1M
Q2 2025$40.5M−$4.0M—−$4.0M−$34.4M—−$3.4M$36.5M
Q1 2025$22.8M−$3.8M—−$3.8M−$14.6M$2.1M$2.1M$19.0M
Q4 2024$51.9M−$5.6M$1.7M−$3.8M−$33.1M—−$6.2M$46.3M
Q3 2024$52.5M−$4.2M−$10.4M−$3.8M−$22.3M—−$14.6M$48.3M

Kadant: income statement and cash flow

Kadant, Q3 2026: revenue $313M (+15% year over year), operating margin 17.1%. The chart follows the revenue to costs, profit and cash.

Kadant: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.