KRNTNasdaqPrinting Trades Machinery & EquipmentFiscal year ends December 31
Kornit Digital Ltd.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 26, 2026
$17.48+0.52 (+3.07%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2025
Gross margin
44.3%−1.1 pts over 5 years
Operating margin
-16.6%−13.1 pts over 5 years
Net margin
-6.5%−4.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.1% | -8.5% | +1.5% | +9.2% | |
| Gross profit | +0.5% | -1.5% | +1.0% | +8.6% | |
| Free cash flow | -90.0% | – | -29.2% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 0.8% | -1.1% | -1.9% | |
| Return on assets | 0.6% | -0.9% | -1.7% | |
| Current ratio | 3.28 | 5.33 | 14.18 | |
| Inventory turnover | 3.0× | 2.3× | 2.2× | |
| Capex to revenue | 5.0% | 7.0% | 10.2% | |
| Diluted shares | 32M | 42M | 45M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Kornit Digital generated $261.03M from operations and spent $241.81M on capital expenditure, dividends and share buybacks. 31% of that went back into the business.
Generated
$261.03M
Used
$241.81M
Capital expenditure$75.94M31%Dividends$00%Share buybacks$165.88M69%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-6.5%
×Asset turnover0.27×
×Equity multiplier1.08×
=Return on equity, FY2025-1.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -6.5% | 0.27× | 1.08× | -1.9% |
| FY2024 | -8.2% | 0.25× | 1.09× | -2.2% |
| FY2023 | -29.3% | 0.24× | 1.10× | -7.7% |
| FY2022 | -29.1% | 0.27× | 1.12× | -8.8% |
| FY2021 | 4.8% | 0.39× | 1.16× | 2.2% |
| FY2020 | -2.5% | 0.37× | 1.21× | -1.1% |
| FY2019 | 5.7% | 0.58× | 1.20× | 3.9% |
| FY2018 | 8.7% | 0.72× | 1.19× | 7.5% |
| FY2017 | -1.8% | 0.72× | 1.23× | -1.6% |
| FY2016 | 0.8% | 0.83× | 1.27× | 0.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$13.52M
- Cash generatingOperating cash flow above zero$24.63M
- Return on assets improvedROA up on the prior year-1.9% → -1.7%
- Earnings backed by cashOperating cash flow above net income$24.63M vs -$13.52M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose13.88 → 14.18
- No dilutionShare count did not rise47M → 45M
- Gross margin improvedGross margin up on the prior year45.02% → 44.32%
- More efficientAsset turnover rose0.24 → 0.26