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How Kennametal (KMT) makes money

Kennametal (KMT) made $768M of revenue in the first quarter fiscal 2027 (Q1 FY27), +54% from a year earlier. Metal Cutting brought in $398M (52%); Infrastructure brought in $370M (48%). Of every dollar of revenue, 67¢ was left as gross profit, 49¢ was left as operating profit, 35¢ was left as net earnings.

Drawing the Sankey…

Kennametal revenue by segment, Q1 FY27Kennametal revenue by segment, Q1 FY27Metal Cutting$398MInfrastructure$370M
Kennametal: revenue by line, Q3 FY25 to Q1 FY27Kennametal: revenue by line, Q3 FY25 to Q1 FY27Metal CuttingInfrastructureMetal Cutting: $398M latest$398MInfrastructure: $370M latest$370MQ3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Metal Cutting went from 63% of revenue in Q3 FY25 to 52% in Q1 FY27, the largest shift in the mix.
Kennametal revenue by quarterKennametal revenue by quarter$486MQ3 FY25$516MQ4 FY25$498MQ1 FY26$530MQ2 FY26$593MQ3 FY26$737MQ4 FY26$768MQ1 FY27
Kennametal: where each dollar of revenue goesKennametal: where each dollar of revenue goesCost of revenue33¢Gross profit67¢Operating expenses17¢Operating profit49¢Income tax11¢Net earnings35¢

Revenue by segment, Q1 FY27

SegmentRevenueShareQ/QY/Y
Metal Cutting$398M51.8%+0.1%+28%
Infrastructure$370M48.2%+9%+98%

Where each dollar of revenue goes

LineQ1 FY27% of revenue
Revenue$768M100.0%
Cost of revenue$255M33.1%
Gross profit$514M66.9%
Operating expenses$134M17.5%
Operating profit$379M49.4%
Income tax$82.3M10.7%
Net earnings$272M35.4%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q1 FY27$768M+54%
Q4 FY26$737M+43%
Q3 FY26$593M+22%
Q2 FY26$530M+10%
Q1 FY26$498M+3%
Q4 FY25$516M-5%
Q3 FY25$486M-6%

From Kennametal's 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does Kennametal make money?

Kennametal (KMT) made $768M of revenue in the first quarter fiscal 2027 (Q1 FY27), +54% from a year earlier. Metal Cutting brought in $398M (52%); Infrastructure brought in $370M (48%). Of every dollar of revenue, 67¢ was left as gross profit, 49¢ was left as operating profit, 35¢ was left as net earnings.

What is Kennametal's biggest business?

Metal Cutting: $398M in the first quarter fiscal 2027, 52% of revenue, +28% from a year earlier.

What is Kennametal's profit margin?

Net earnings were $272M, 35.4% of revenue, in the first quarter fiscal 2027; the operating margin was 49.4%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.