Kennametal Inc. logo

Kennametal Inc.

KMT

NYSEIndustrialsManufacturing - Tools & Accessories

Previous close

$29.96

+$0.18 · +0.60%

Aug 21, 4:00 PM ET

KMT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

81

Deep Value

Momentum

41

Neutral

Sentiment

62

Bullish

Risk resilience

52

Elevated Risk

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Company profile

Company website

Kennametal Inc. is a global leader in developing and applying cutting-edge materials, including tungsten carbides, ceramics, and super-hard compounds. Their core mission is to provide robust solutions for demanding industrial applications, specifically in metal cutting and environments prone to extreme wear, high temperatures, and corrosion, serving clients worldwide. The company's operations are structured into two primary segments: Metal Cutting and Infrastructure. Within the Metal Cutting division, Kennametal offers a comprehensive portfolio of standard and bespoke products, encompassing tools for turning, milling, and hole-making, integrated tooling systems, and associated technical services. They also supply specialized wear-resistant components and advanced metallurgical powders. These critical products serve a diverse array of manufacturers across industries such as transportation (vehicles and components), machine tools, light and heavy machinery, aerospace (airframes and components), and the energy sector (oil and gas, power generation). The company further supports these clients with expert product design, selection, application guidance, and ongoing support services, delivering customized metal cutting solutions. Under its Infrastructure segment, Kennametal produces a variety of specialized items. This includes compacts, nozzles, frac seats, and tailored components crucial for the oil and gas and petrochemical industries. They also provide rod blanks and abrasive water jet nozzles for broader industrial applications, alongside durable earth-cutting tools and systems essential for underground mining, trenching, foundation drilling, and road milling. Furthermore, the company manufactures tungsten carbide powders for aerospace, oil and gas, and process industries, as well as ceramics specifically utilized by the packaging industry for film and paper metallization. Kennametal's extensive product lines are marketed under well-known brands such as Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD. Distribution occurs through a multi-channel approach, leveraging a direct sales force, a broad network of independent and national distributors, integrated supplier relationships, and online platforms. Founded in Pittsburgh, Pennsylvania, in 1938, the company boasts a long-standing history in the industrial materials sector.

Industry
Manufacturing - Tools & Accessories
Sector
Industrials
Headquarters
US
CEO
Sanjay K. Chowbey
Listed since
Jan 1, 1943
Employees
8,062

Market position

Day range

Current $29.96

52-week range

Current $29.96

Open
$30.04
Previous close
$29.78
Volume
1.01M
0.75× average
Average volume
1.35M
Average daily volume
Market cap
2.28B USD
Beta
1.36
Market reference 1
50-day average
$33.8386
-11.46% below average
200-day average
$34.088
-12.11% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.31B USD
P/E (TTM)
6.67×
P/B (TTM)
1.46×
P/S (TTM)
0.97×
EV / EBITDA
5.22×
Earnings yield
12.82%
Free cash flow yield
-3.03%
Dividend yield
2.67%

Profitability & efficiency

Gross margin
41.06%
Operating margin
20.31%
Net margin
14.53%
Return on equity
21.81%
Return on assets
10.81%
Return on invested capital
14.35%

Financial health

Debt / equity
0.49×
Current ratio
2.62×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends45%30%16%1%Gross margin, FY2022: 32.20%Gross margin, FY2023: 31.11%Gross margin, FY2024: 30.64%Gross margin, FY2025: 30.41%Gross margin, FY2026: 41.16%Operating margin, FY2022: 10.84%Operating margin, FY2023: 9.26%Operating margin, FY2024: 8.32%Operating margin, FY2025: 7.28%Operating margin, FY2026: 20.05%Net margin, FY2022: 7.19%Net margin, FY2023: 5.70%Net margin, FY2024: 5.34%Net margin, FY2025: 4.73%Net margin, FY2026: 14.53%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 32.20%. Gross margin FY2023 31.11%. Gross margin FY2024 30.64%. Gross margin FY2025 30.41%. Gross margin FY2026 41.16%. Operating margin FY2022 10.84%. Operating margin FY2023 9.26%. Operating margin FY2024 8.32%. Operating margin FY2025 7.28%. Operating margin FY2026 20.05%. Net margin FY2022 7.19%. Net margin FY2023 5.70%. Net margin FY2024 5.34%. Net margin FY2025 4.73%. Net margin FY2026 14.53%.

Income trends

Revenue

2.36B USD+19.82%

Operating income

472.53M USD+230.16%

Net income

342.39M USD+267.67%
Income trends across reported periods2.58B USD1.68B USD772.2M USD−133.23M USDRevenue, FY2022: 2.01B USDRevenue, FY2023: 2.08B USDRevenue, FY2024: 2.05B USDRevenue, FY2025: 1.97B USDRevenue, FY2026: 2.36B USDOperating income, FY2022: 218.14M USDOperating income, FY2023: 192.42M USDOperating income, FY2024: 170.22M USDOperating income, FY2025: 143.12M USDOperating income, FY2026: 472.53M USDNet income, FY2022: 144.62M USDNet income, FY2023: 118.46M USDNet income, FY2024: 109.32M USDNet income, FY2025: 93.13M USDNet income, FY2026: 342.39M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 2.01B USD. Revenue FY2023 2.08B USD. Revenue FY2024 2.05B USD. Revenue FY2025 1.97B USD. Revenue FY2026 2.36B USD. Operating income FY2022 218.14M USD. Operating income FY2023 192.42M USD. Operating income FY2024 170.22M USD. Operating income FY2025 143.12M USD. Operating income FY2026 472.53M USD. Net income FY2022 144.62M USD. Net income FY2023 118.46M USD. Net income FY2024 109.32M USD. Net income FY2025 93.13M USD. Net income FY2026 342.39M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue2.36B USD1.97B USD2.05B USD2.08B USD2.01B USD
Cost of goods sold1.39B USD1.37B USD1.42B USD1.43B USD1.36B USD
Gross profit969.96M USD598.07M USD627.09M USD646.44M USD647.98M USD
Selling, general, and administrative478.99M USD
Operating expenses497.42M USD454.95M USD456.87M USD454.02M USD429.84M USD
Interest expense28.56M USD24.93M USD26.47M USD28.5M USD25.91M USD
Depreciation and amortization143.16M USD136.5M USD134.69M USD134.03M USD131.68M USD
Operating income472.53M USD143.12M USD170.22M USD192.42M USD218.14M USD
Net income342.39M USD93.13M USD109.32M USD118.46M USD144.62M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$36.38

21.43% upside
Past 12 months12-month forecastHigh $47.50Average $36.38Low $30.00

Rating distribution

24 ratings
Strong buy00%
Buy521%
Hold1354%
Sell625%
Strong sell00%

KMT peers

ETFs holding KMT

Funds reporting this stock among their holdings, ordered by reported position size.

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