KMTNYSEMachine Tools, Metal Cutting TypesFiscal year ends June 30
KENNAMETAL INC
Financials through Q4 FY2026, quarter ended Jun 30, 2026Last filing: 10-K on Aug 12, 2026
$30.62−0.17 (-0.55%)
Close on Oct 19, 2026
- Market cap
- $2.39B
- P/E (TTM)
- 6.9
- Dividend yield
- 2.61%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
41.2%+11.2 pts over 5 years
Operating margin
20.1%+14.5 pts over 5 years
Net margin
14.5%+11.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +19.8% | +4.3% | +5.1% | +1.2% | |
| Gross profit | +62.2% | +14.5% | +11.9% | +4.6% | |
| Operating income | +230.2% | +34.9% | +35.8% | – | |
| Net income | +267.7% | +42.4% | +44.5% | – | |
| EPS, diluted | +268.3% | +44.7% | +46.7% | – | |
| Dividend per share | 0.0% | 0.0% | 0.0% | 0.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 5.0% | 4.3% | 24.0% | |
| Return on assets | 2.1% | 1.9% | 12.0% | |
| Current ratio | 2.41 | 2.30 | 2.62 | |
| Debt to equity | 0.68 | 0.45 | 0.44 | |
| Net debt to EBITDA | 2.49× | 1.92× | 0.96× | |
| Interest coverage | 3.3× | 2.2× | 16.5× | |
| Inventory turnover | 3.0× | 2.6× | 1.7× | |
| Capex to revenue | 5.7% | 6.9% | 3.3% | |
| Diluted shares | 81M | 84M | 77M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Kennametal generated $928.83M from operations and spent $1.05B on capital expenditure, dividends and share buybacks. 44% of that went back into the business.
Generated
$928.83M
Used
$1.05B
Capital expenditure$464.75M44%Dividends$317.22M30%Share buybacks$270.63M26%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin14.5%
×Asset turnover0.83×
×Equity multiplier2.00×
=Return on equity, FY202624.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 14.5% | 0.83× | 2.00× | 24.0% |
| FY2025 | 4.7% | 0.78× | 1.99× | 7.4% |
| FY2024 | 5.3% | 0.81× | 2.00× | 8.7% |
| FY2023 | 5.7% | 0.81× | 2.03× | 9.4% |
| FY2022 | 7.2% | 0.77× | 2.03× | 11.2% |
| FY2021 | 3.0% | 0.65× | 2.23× | 4.3% |
| FY2020 | -0.3% | 0.66× | 2.22× | -0.4% |
| FY2019 | 10.2% | 0.85× | 2.21× | 19.1% |
| FY2018 | 8.5% | 0.89× | 2.42× | 18.1% |
| FY2017 | 2.4% | 0.86× | 2.41× | 5.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$342.39M
- Cash generatingOperating cash flow above zero-$4.01M
- Return on assets improvedROA up on the prior year3.7% → 13.5%
- Earnings backed by cashOperating cash flow above net income-$4.01M vs $342.39M
- Less leverageLong-term debt to assets fell23.4% → 21.6%
- Better liquidityCurrent ratio rose2.46 → 2.62
- No dilutionShare count did not rise78M → 77M
- Gross margin improvedGross margin up on the prior year30.41% → 41.16%
- More efficientAsset turnover rose0.79 → 0.93