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Kadant Inc: what insiders have been doing
Kadant Inc, founded in 1991, is a Industry company based in Westford, United States. Its directors and officers file their transactions with SEC (Form 4). In the past year (18 October 2025 to 18 October 2026), 32 filings came from 14 insiders.
The flow runs one way only: 2 sales worth €431k, from 2 insiders, and no purchase. Biggest ticket of the year: €352k, sold by Russell Erin L and made public on 26 November 2025.
Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. The legal deadline for a Form 4 is two business days after the transaction. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification.
With 32 filings in twelve months, the company is more active than the median of 19 filings across the 5,810 companies we follow on the same exchange. Our records for Kadant Inc go back to 2016, with no purchases and 57 sales on the open market in total. For the fiscal year to 3 January 2026, the annual 10-K puts revenue at 1.05 bn USD and net income at 102.0 m USD, and the dividend at 1.36 USD per share.
For comparison within the same sector, see the insider buying recorded at Tennant Co and Butler National Corp. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
207
Thresholds
n/a
Buy Volume
n/a
n/a
Sell Volume
€11M
57 ops. · all time
Who traded when
BuySaleRebecca Martinez O'Mara2 sales
Thomas Andrew Blanchard2 sales
Thomas C. Leonard2 sales
Dara F. Mitchell1 sale
Erin L. Russell1 sale
Fredrik H. Westerhout1 sale
+3 other insiders
Analyst consensus: bullish or bearish?
Analysts rate Kadant Inc Buy (bullish), based on 3 analysts. Average price target: US$361.67.
Fundamental score
Ranked 9,631 of 24,158 companies
56.7
score / 100
Value50
Quality64
FCF yld4.9%
Earn yld3.3%
EV/EBITDA16.6x
ROE11%
Gross mgn45%
Net mgn9.7%
Debt/EBITDA1.8x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$259.08
Analyst consensus
3 analystsBuy
US$335.00Target US$361.67(+40%)US$380.00
Income statement
RevenueUS$1.1B
Gross profitUS$475.7M45% margin
EBITDAUS$210.4M20% margin
Net incomeUS$102M9.5% margin
Valuation
PER (trailing)28.1x
PER (forward)19.2x
P/Book3.0x
Beta1.20
Balance sheet & cash
Market capUS$3.1B
Total debtUS$374.5M
Free Cash FlowUS$154.3M
Debt / Equity49%
Profitability & ownership
ROE11.3%
ROA6.8%
% insiders0.7%
% institutions113.8%
Last declaration on 5 October 2026
Declarations207 total
128 sharesCommon StockSEC:0001015997-26-000011:0
128 sharesCommon StockSEC:0001488754-26-000011:0
128 sharesCommon StockSEC:0001243393-26-000011:0
128 sharesCommon StockSEC:0001922048-26-000012:0
128 sharesCommon StockSEC:0001247567-26-000012:0
128 sharesCommon StockSEC:0001015997-26-000009:0
128 sharesCommon StockSEC:0001243393-26-000008:0
128 sharesCommon StockSEC:0001247567-26-000010:0
128 sharesCommon StockSEC:0001488754-26-000010:0
128 sharesCommon StockSEC:0001922048-26-000009:0
129 sharesCommon StockSEC:0001015997-26-000006:0
129 sharesCommon StockSEC:0001243393-26-000006:0
129 sharesCommon StockSEC:0001247567-26-000008:0
129 sharesCommon StockSEC:0001488754-26-000006:0
129 sharesCommon StockSEC:0001922048-26-000006:0
48,667 shares0Common StockSEC:0001406518-26-000006:0
583 sharesCommon StockSEC:0001892353-26-000004:0
411 sharesCommon StockSEC:0001892102-26-000004:0
508 sharesCommon StockSEC:0001863998-26-000003:0
162 sharesCommon StockSEC:0001781020-26-000002:0
583 sharesCommon StockSEC:0001781018-26-000004:0
778 sharesCommon StockSEC:0001745377-26-000004:0
302 sharesCommon StockSEC:0001647575-26-000004:0
4,257 sharesCommon StockSEC:0001406518-26-000004:0
1,253 sharesCommon StockSEC:0001251663-26-000005:0
25 of 207 declarations
About Kadant Inc
Kadant Inc. (NYSE: KAI) is a U.S.-based industrial technology company focused on engineered systems and high-value components for process industries. Headquartered in Westford, Massachusetts, United States, Kadant serves end markets that include paper, paper recycling, fiber processing, wood processing, bulk material handling, and adjacent industrial applications. Its business model blends capital equipment with aftermarket parts, consumables, and services, which gives the company a meaningful recurring-revenue component and helps mitigate some of the cyclicality typical of industrial end markets.
Kadant’s roots date back to 1991, when it was formed as Thermo Fibertek, later becoming an independent public company in 2001 and adopting the Kadant name. Management emphasizes that several of its businesses have been serving industrial customers for more than a century, reflecting a long operating history built through a combination of internal development and acquisitions. For investors, that heritage matters: Kadant is not a broad conglomerate, but rather a specialized industrial platform with established brands, deep application knowledge, and a strong installed-base relationship with customers.
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The company reports through three core segments: Flow Control, Industrial Processing, and Material Handling. Flow Control provides fluid-transfer systems, rotary joints, syphons, expansion joints, and doctoring, cleaning, and filtration solutions. Industrial Processing supplies fiber-processing systems, stock-preparation and recycling equipment, as well as wood-processing machinery used in oriented strand board and related applications. Material Handling includes baling systems and bulk-material handling equipment such as conveyors, feeders, screens, and elevators. Together, these businesses support Kadant’s broader “sustainable industrial processing” positioning, with products designed to improve efficiency, reduce waste, optimize energy use, and increase throughput.
Competitively, Kadant occupies a niche but attractive position. It tends to compete on engineering know-how, reliability, aftermarket support, and process performance rather than on commodity pricing alone. That combination can create defensible relationships with large industrial customers that value uptime and operating efficiency. The company also benefits from a diversified geographic footprint, with operations across 22 countries and sales through subsidiaries in North America, South America, Europe, and Asia. This global reach broadens market access and reduces dependence on any single region.
Recent operating news has been constructive. In February 2026, Kadant reported fiscal 2025 results showing record fourth-quarter revenue, strong operating and free cash flow, and record annual bookings, while noting that recent acquisitions helped support growth. Management also pointed to improving business activity heading into 2026, with capital project bookings expected to strengthen and steady aftermarket demand providing support. For investors looking at U.S. industrial names on the NYSE, Kadant stands out as a disciplined, cash-generative specialty industrial company with a mix of recurring aftermarket exposure and targeted growth through acquisitions.
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