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Specialty industrial machinery · Industrials · Fiscal year ends Jun 30
Kennametal reported revenue of $2.4B in the fiscal year ended Jun 2026, up 19.8% from the year before. Operating income was $473M, an operating margin of 20.1%, and net income was $342M. Operating cash flow of −$4M less capital expenditure of $77M left free cash flow of −$81M. Net debt was $589M.
Ranks among the 34 specialty industrial machinery companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 2,012 | 2,078 | 2,047 | 1,967 | 2,357 |
| Cost of revenue | 1,364 | 1,432 | 1,420 | 1,369 | 1,387 |
| Gross profit | 648 | 646 | 627 | 598 | 970 |
| Research & development | 42.1 | 43.1 | 44.2 | 44.4 | 43.2 |
| Selling, general & admin | – | – | 433 | 431 | 479 |
| Operating income | 218 | 192 | 170 | 143 | 473 |
| Interest expense | 25.9 | 28.5 | 26.5 | 24.9 | 28.6 |
| Pre-tax income | 207 | 160 | 144 | 132 | 461 |
| Income tax | 56.5 | 36.3 | 30.8 | 33.3 | 111 |
| Net income | 145 | 118 | 109 | 93.1 | 342 |
| Diluted EPS | 1.72 | 1.46 | 1.37 | 1.20 | 4.42 |
| Diluted shares | 83.9 | 81.4 | 80.0 | 77.9 | 77.4 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 85.6 | 106 | 128 | 141 | 95.8 |
| Receivables | 295 | 307 | 303 | 295 | 408 |
| Inventory | 571 | 558 | 515 | 538 | 1,108 |
| Current assets | 1,025 | 1,027 | 1,003 | 1,039 | 1,772 |
| Net PP&E | 1,002 | 969 | 938 | 920 | 844 |
| Goodwill | 264 | 270 | 272 | 283 | 279 |
| Total assets | 2,574 | 2,547 | 2,504 | 2,545 | 3,167 |
| Payables | 228 | 203 | 192 | 196 | 370 |
| Current liabilities | 486 | 434 | 416 | 422 | 677 |
| Long-term debt | 594 | 595 | 596 | 597 | 685 |
| Total liabilities | 1,282 | 1,233 | 1,215 | 1,221 | 1,553 |
| Shareholders' equity | 1,253 | 1,275 | 1,250 | 1,284 | 1,570 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | −181 | 258 | 277 | 208 | −4.0 |
| Capital expenditure | 96.9 | 94.4 | 108 | 89.0 | 76.9 |
| Free cash flow | −278 | 164 | 170 | 119 | −80.9 |
| Depreciation & amortisation | 132 | 134 | 135 | 136 | 143 |
| Stock-based compensation | 21.0 | 24.7 | 24.3 | 22.1 | 34.9 |
| Acquisitions | 0.0 | 0.0 | 4.0 | 0.0 | 0.0 |
| Share buybacks | 85.5 | 49.3 | 65.6 | 60.1 | 10.1 |
| Dividends paid | 66.6 | 64.5 | 63.4 | 61.9 | 60.8 |
| Dividend per share | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 3.3% | −1.5% | −3.9% | 19.8% |
| Operating income growth (YoY) | – | −11.8% | −11.5% | −15.9% | 230.2% |
| EPS growth (YoY) | – | −15.1% | −6.2% | −12.4% | 268.3% |
| Gross margin | 32.2% | 31.1% | 30.6% | 30.4% | 41.2% |
| Operating margin | 10.8% | 9.3% | 8.3% | 7.3% | 20.1% |
| Net margin | 7.2% | 5.7% | 5.3% | 4.7% | 14.5% |
| Return on equityBlank when equity is negative | 11.5% | 9.3% | 8.7% | 7.3% | 21.8% |
| ROCEEBIT ÷ (assets − current liabilities) | 10.4% | 9.1% | 8.2% | 6.7% | 19.0% |
| Free cash flow margin | −13.8% | 7.9% | 8.3% | 6.1% | −3.4% |
| Cash conversion (CFO ÷ net income) | −1.25x | 2.18x | 2.53x | 2.24x | −0.01x |
| Receivable days | 54 | 54 | 54 | 55 | 63 |
| Inventory days | 153 | 142 | 132 | 144 | 292 |
| Payable days | 61 | 52 | 49 | 52 | 97 |
| Interest cover | 8.42x | 6.75x | 6.43x | 5.74x | 16.5x |
| Debt ÷ equity | 0.47x | 0.47x | 0.48x | 0.46x | 0.44x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 509 | 489 | 468 | 456 | 589 |
| Current ratio | 2.11x | 2.37x | 2.41x | 2.46x | 2.62x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.