“During 2025, cash flow used for investing activities was $61.8 million and included capital expenditures, net of $87.1 million, which consisted primarily of equipment upgrades, proceeds from a divestiture of $18.7 million and proceeds from insurance recoverie…”10-K · Aug 12, 2026 ↗
Kennametal Inc.
KMT
Market read
Kennametal Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
- Inventory more than doubled and receivables also rose, turning operating cash flow negative despite higher net income.
- Pricing contributed to higher Americas sales, including General Engineering and Energy, alongside demand and market-specific activity.
Invalidation: The isolated read changes if KMT's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Inventory more than doubled and receivables also rose, turning operating cash flow negative despite higher net income.
- Pricing contributed to higher Americas sales, including General Engineering and Energy, alongside demand and market-specific activity.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +19.8% year over year.
- Operating margin changed +12.8 percentage points in the latest annual period.
- Net margin changed +9.8 percentage points in the latest annual period.
- Operating cash flow was only -0.012x net income in the latest annual period.
No credible peer-relative valuation comparison is available yet.
Price as of Sep 11, 2026
29.43Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Sales in Asia Pacific increased primarily due to price and higher demand in General Engineering.”10-K · Aug 12, 2026 ↗
“Property, plant and equipment, net decreased $76.3 million from $919.9 million at June 30, 2025 to $843.6 million at June 30, 2026, primarily due to depreciation of $133.6 million, disposals of $1.8 million and a currency exchange effect of approximately $8.5…”10-K · Aug 12, 2026 ↗
“The increase in working capital was primarily driven by an increase in inventories of $570.2 million resulting from rising tungsten prices, an increase in accounts receivable of $113.0 million and an increase in other current assets of $94.0 million, which co…”10-K · Aug 12, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for KMT. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for KMT. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind KMT
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
DDDuPont de Nemours, Inc.supplierAug 12, 2025 ▾
“Reilly, 57 Vice President and Chief Technology Officer Vice President and Chief Technology Officer since September 2018; Formerly, Global Technology Director in Transportation and Advanced Polymers business at DuPont from January 2016 to September 2018 and Gl…”
DHRDanaher CorporationpartnerAug 12, 2025 ▾
“Previously spent over 11 years at Danaher / Fortive Corporation (from 2006 through 2017) serving in various roles of increasing responsibility, the latest being President, Thomson Industries.”
FTVFortive CorporationpartnerAug 12, 2025 ▾
“Previously spent over 11 years at Danaher / Fortive Corporation (from 2006 through 2017) serving in various roles of increasing responsibility, the latest being President, Thomson Industries.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
KMT is currently a Follower in the organic co-movement group Industrial Machinery. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.