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Stocks · Industrials · Machine Tools, Metal Cutting Types

KENNAMETAL INC

KMT Clue Score65
United States Fiscal year ends June CIK 0000055242
$31.92 +0.66% Close, 9 Oct 2026
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Price $31.92 −8.77% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue2,058.4Operating income94.8Net income49.1EPS, diluted0.61Fiscal year 2018Revenue2,367.9 +15.0%Operating income290.3Net income200.2 +307.4%EPS, diluted2.42 +296.7%Fiscal year 2019Revenue2,375.2 +0.3%Operating income328.9Net income241.9 +20.9%EPS, diluted2.90 +19.8%Fiscal year 2020Revenue1,885.3 −20.6%Operating income22.3Net income−5.7 −102.3%EPS, diluted−0.07 −102.4%Fiscal year 2021Revenue1,841.4 −2.3%Operating income102.2Net income54.4EPS, diluted0.65Fiscal year 2022Revenue2,012.5 +9.3%Operating income218.1Net income144.6 +165.7%EPS, diluted1.72 +164.6%Fiscal year 2023Revenue2,078.2 +3.3%Operating income192.4Net income118.5 −18.1%EPS, diluted1.46 −15.1%Fiscal year 2024Revenue2,046.9 −1.5%Operating income170.2Net income109.3 −7.7%EPS, diluted1.37 −6.2%Fiscal year 2025Revenue1,966.8 −3.9%Operating income143.1Net income93.1 −14.8%EPS, diluted1.20 −12.4%Fiscal year 2026Revenue2,356.7 +19.8%Operating income472.5Net income342.4 +267.7%EPS, diluted4.42 +268.3%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 2,058.4 2,367.9 2,375.2 1,885.3 1,841.4 2,012.5 2,078.2 2,046.9 1,966.8 2,356.7
Growth +15.0% +0.3% −20.6% −2.3% +9.3% +3.3% −1.5% −3.9% +19.8%
Operating income 94.8 290.3 328.9 22.3 102.2 218.1 192.4 170.2 143.1 472.5
Net income 49.1 200.2 241.9 −5.7 54.4 144.6 118.5 109.3 93.1 342.4
Growth +307.4% +20.9% −102.3% +165.7% −18.1% −7.7% −14.8% +267.7%
EPS, diluted 0.61 2.42 2.90 −0.07 0.65 1.72 1.46 1.37 1.20 4.42
Growth +296.7% +19.8% −102.4% +164.6% −15.1% −6.2% −12.4% +268.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin31.3%Operating margin4.6%Net margin2.4%Free cash flow margin3.8%Fiscal year 2018Gross margin34.6%Operating margin12.3%Net margin8.5%Free cash flow margin4.5%Fiscal year 2019Gross margin35.0%Operating margin13.8%Net margin10.2%Free cash flow margin3.7%Fiscal year 2020Gross margin28.1%Operating margin1.2%Net margin−0.3%Free cash flow margin−1.1%Fiscal year 2021Gross margin30.0%Operating margin5.5%Net margin3.0%Free cash flow margin5.9%Fiscal year 2022Gross margin32.2%Operating margin10.8%Net margin7.2%Free cash flow margin−13.8%Fiscal year 2023Gross margin31.1%Operating margin9.3%Net margin5.7%Free cash flow margin7.9%Fiscal year 2024Gross margin30.6%Operating margin8.3%Net margin5.3%Free cash flow margin8.3%Fiscal year 2025Gross margin30.4%Operating margin7.3%Net margin4.7%Free cash flow margin6.1%Fiscal year 2026Gross margin41.2%Operating margin20.1%Net margin14.5%Free cash flow margin−3.4%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 31.3% 34.6% 35.0% 28.1% 30.0% 32.2% 31.1% 30.6% 30.4% 41.2%
Operating margin 4.6% 12.3% 13.8% 1.2% 5.5% 10.8% 9.3% 8.3% 7.3% 20.1%
Net margin 2.4% 8.5% 10.2% −0.3% 3.0% 7.2% 5.7% 5.3% 4.7% 14.5%
Free cash flow margin 3.8% 4.5% 3.7% −1.1% 5.9% −13.8% 7.9% 8.3% 6.1% −3.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow195.3Capital expenditure−118.0Free cash flow77.3Buybacks−0.2Dividends paid−64.1Fiscal year 2018Operating cash flow277.3Capital expenditure−171.0Free cash flow106.3 +37.5%Buybacks−0.2Dividends paid−65.1Fiscal year 2019Operating cash flow300.5Capital expenditure−212.3Free cash flow88.2 −17.0%Buybacks−0.2Dividends paid−65.7Fiscal year 2020Operating cash flow223.7Capital expenditure−244.2Free cash flow−20.4 −123.2%Buybacks−0.2Dividends paid−66.3Fiscal year 2021Operating cash flow235.7Capital expenditure−127.3Free cash flow108.4Buybacks−0.2Dividends paid−66.7Fiscal year 2022Operating cash flow−181.4Capital expenditure−96.9Free cash flow−278.4 −356.8%Buybacks−85.5Dividends paid−66.6Fiscal year 2023Operating cash flow257.9Capital expenditure−94.4Free cash flow163.6Buybacks−49.3Dividends paid−64.5Fiscal year 2024Operating cash flow277.1Capital expenditure−107.6Free cash flow169.5 +3.7%Buybacks−65.6Dividends paid−63.4Fiscal year 2025Operating cash flow208.3Capital expenditure−89.0Free cash flow119.4 −29.6%Buybacks−60.1Dividends paid−61.9Fiscal year 2026Operating cash flow−4.0Capital expenditure−76.9Free cash flow−80.9 −167.8%Buybacks−10.1Dividends paid−60.8
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 195.3 277.3 300.5 223.7 235.7 −181.4 257.9 277.1 208.3 −4.0
Capital expenditure −118.0 −171.0 −212.3 −244.2 −127.3 −96.9 −94.4 −107.6 −89.0 −76.9
Free cash flow 77.3 106.3 88.2 −20.4 108.4 −278.4 163.6 169.5 119.4 −80.9
Growth +37.5% −17.0% −123.2% −356.8% +3.7% −29.6% −167.8%
Buybacks −0.2 −0.2 −0.2 −0.2 −0.2 −85.5 −49.3 −65.6 −60.1 −10.1
Dividends paid −64.1 −65.1 −65.7 −66.3 −66.7 −66.6 −64.5 −63.4 −61.9 −60.8

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash190.6Total debt0.0Net cash (debt)190.6Shareholders’ equity1,017.3Debt to equity0.00Fiscal year 2018Cash556.2Total debt399.3Net cash (debt)156.9Shareholders’ equity1,194.3Debt to equity0.33Fiscal year 2019Cash182.0Total debt0.0Net cash (debt)182.0Shareholders’ equity1,335.2Debt to equity0.00Fiscal year 2020Cash606.7Shareholders’ equity1,229.9Fiscal year 2021Cash154.0Shareholders’ equity1,329.6Fiscal year 2022Cash85.6Shareholders’ equity1,252.6Fiscal year 2023Cash106.0Shareholders’ equity1,275.4Fiscal year 2024Cash128.0Shareholders’ equity1,249.9Fiscal year 2025Cash140.5Shareholders’ equity1,284.0Fiscal year 2026Cash95.8Shareholders’ equity1,569.8
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 190.6 556.2 182.0 606.7 154.0 85.6 106.0 128.0 140.5 95.8
Total debt 0.0 399.3 0.0 n/a n/a n/a n/a n/a n/a n/a
Net cash (debt) 190.6 156.9 182.0 n/a n/a n/a n/a n/a n/a n/a
Shareholders’ equity 1,017.3 1,194.3 1,335.2 1,229.9 1,329.6 1,252.6 1,275.4 1,249.9 1,284.0 1,569.8
Debt to equity 0.00 0.33 0.00 n/a n/a n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending June, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Jun 2017 FY2018 30 Jun 2018 FY2019 30 Jun 2019 FY2020 30 Jun 2020 FY2021 30 Jun 2021 FY2022 30 Jun 2022 FY2023 30 Jun 2023 FY2024 30 Jun 2024 FY2025 30 Jun 2025 FY2026 30 Jun 2026
Revenue and profit
2,058.4 2,367.9 2,375.2 1,885.3 1,841.4 2,012.5 2,078.2 2,046.9 1,966.8 2,356.7
Growth +15.0% +0.3% −20.6% −2.3% +9.3% +3.3% −1.5% −3.9% +19.8%
1,413.5 1,547.7 1,543.7 1,355.8 1,289.0 1,364.5 1,431.7 1,419.8 1,368.8 1,386.7
644.9 820.1 831.5 529.5 552.5 648.0 646.4 627.1 598.1 970.0
Growth +27.2% +1.4% −36.3% +4.3% +17.3% −0.2% −3.0% −4.6% +62.2%
38.0 38.9 39.0 38.7 39.5 42.1 43.1 44.2 44.4 43.2
n/a n/a n/a n/a n/a n/a n/a 433.2 430.8 479.0
94.8 290.3 328.9 22.3 102.2 218.1 192.4 170.2 143.1 472.5
Growth +206.4% +13.3% −93.2% +359.1% +113.5% −11.8% −11.5% −15.9% +230.2%
81.9 275.0 311.2 2.0 64.7 206.7 159.6 144.5 132.0 461.3
29.9 70.0 63.4 7.0 6.2 56.5 36.3 30.8 33.3 110.9
49.1 200.2 241.9 −5.7 54.4 144.6 118.5 109.3 93.1 342.4
Growth +307.4% +20.9% −102.3% +165.7% −18.1% −7.7% −14.8% +267.7%
Per share
0.61 2.45 2.94 −0.07 0.65 1.74 1.47 1.38 1.21 4.49
0.61 2.42 2.90 −0.07 0.65 1.72 1.46 1.37 1.20 4.42
Growth +296.7% +19.8% −102.4% +164.6% −15.1% −6.2% −12.4% +268.3%
80.4 81.5 82.4 83.0 83.6 83.3 80.8 79.4 77.3 76.2
81.2 82.8 83.3 83.0 84.3 83.9 81.4 80.0 77.9 77.4
Growth +2.0% +0.6% −0.3% +1.5% −0.5% −3.0% −1.8% −2.6% −0.6%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 5.1% a year over five years, and earnings per share grew 46.7% a year.
  • The diluted share count fell 8.2% in five years, so buybacks did some of the work per share.
  • Operating margin is up 14.5 points on five years ago, at 20.1%.
  • A net loss in 1 of 10 years on file.