Kadant Inc. (KAI) intrinsic value & 10-year financials
Kadant Inc. (KAI) has a Graham intrinsic value of $237.02 per share. At $264.15 on Oct 17, 2026, the stock trades 11% above that value. Over the last 10 fiscal years revenue grew 11.3% a year to $1.1B, with an average return on invested capital of 12.4%.
- Graham intrinsic value
- $237.02
- Share price (Oct 17, 2026)
- $264.15
- Price vs Graham value
- 11% above
- Market cap
- $3.1B
- Revenue (FY2026)
- $1.1B
- Revenue growth (10-yr CAGR)
- 11.3%
- ROIC (10-yr avg)
- 12.4%
- Free cash flow (FY2026)
- $154.3M
KAI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $1.1B | $102.0M | $8.65 | $154.3M | 14.9% | 9.9% |
| FY2024 | $1.1B | $111.6M | $9.48 | $134.3M | 16.3% | 13.8% |
| FY2023 | $957.7M | $116.1M | $9.90 | $133.7M | 17.3% | 15.6% |
| FY2022 | $904.7M | $120.9M | $10.35 | $74.4M | 18.9% | 17.4% |
| FY2021 | $635.0M | $55.2M | $4.77 | $85.3M | 12.8% | 9.3% |
| FY2019 | $704.6M | $52.1M | $4.54 | $87.5M | 12.5% | 11.5% |
| FY2018 | $633.8M | $60.4M | $5.30 | $46.4M | 14.0% | 13.6% |
| FY2017 | $515.0M | $31.1M | $2.75 | $47.9M | 11.8% | 8.5% |
| FY2016 | $414.1M | $32.1M | $2.88 | $45.2M | 11.0% | 12.7% |
| FY2015 | $402.1M | $28.7M | $2.56 | $42.1M | 10.5% | 12.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
KADANT INC is a consistent compounder, expanding top-line revenue at 11.3% annually over the past decade.
KADANT INC returns on capital have been average, hovering around 12.4% ROIC over the decade.
Over the decade, KADANT INC shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, KADANT INC is modeled at 11.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $237.02 per share.