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Side-by-side financial comparison of Andersons, Inc. (ANDE) and KENNAMETAL INC (KMT). Click either name above to swap in a different company.
KENNAMETAL INC is the larger business by last-quarter revenue ($592.6M vs $329.5M, roughly 1.8× Andersons, Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs 10.3%, a 10.1% gap on every dollar of revenue. On growth, KENNAMETAL INC posted the faster year-over-year revenue change (21.8% vs -2.4%). Over the past eight quarters, KENNAMETAL INC's revenue compounded faster (4.4% CAGR vs -1.8%).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.
ANDE vs KMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $592.6M |
| Net Profit | $67.4M | $61.1M |
| Gross Margin | 70.3% | 35.1% |
| Operating Margin | 26.6% | 13.4% |
| Net Margin | 20.5% | 10.3% |
| Revenue YoY | -2.4% | 21.8% |
| Net Profit YoY | 49.6% | 85.0% |
| EPS (diluted) | — | $0.75 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $592.6M | ||
| Q4 25 | $329.5M | $529.5M | ||
| Q3 25 | $295.8M | $498.0M | ||
| Q2 25 | $535.0M | $516.4M | ||
| Q1 25 | $370.8M | $486.4M | ||
| Q4 24 | $337.5M | $482.1M | ||
| Q3 24 | $231.9M | $481.9M | ||
| Q2 24 | $492.5M | $543.3M |
| Q1 26 | — | $61.1M | ||
| Q4 25 | $67.4M | $33.9M | ||
| Q3 25 | $20.1M | $23.3M | ||
| Q2 25 | $7.9M | $21.6M | ||
| Q1 25 | $284.0K | $31.5M | ||
| Q4 24 | $45.1M | $17.9M | ||
| Q3 24 | $27.4M | $22.1M | ||
| Q2 24 | $36.0M | $37.2M |
| Q1 26 | — | 35.1% | ||
| Q4 25 | 70.3% | 32.8% | ||
| Q3 25 | 57.8% | 31.0% | ||
| Q2 25 | 29.6% | 28.2% | ||
| Q1 25 | 41.2% | 32.1% | ||
| Q4 24 | 63.1% | 30.1% | ||
| Q3 24 | 76.4% | 31.3% | ||
| Q2 24 | 35.6% | 31.5% |
| Q1 26 | — | 13.4% | ||
| Q4 25 | 26.6% | 9.9% | ||
| Q3 25 | 8.7% | 7.5% | ||
| Q2 25 | 4.6% | 6.1% | ||
| Q1 25 | 0.9% | 9.1% | ||
| Q4 24 | 19.9% | 6.6% | ||
| Q3 24 | 26.8% | 7.5% | ||
| Q2 24 | 11.6% | 11.3% |
| Q1 26 | — | 10.3% | ||
| Q4 25 | 20.5% | 6.4% | ||
| Q3 25 | 6.8% | 4.7% | ||
| Q2 25 | 1.5% | 4.2% | ||
| Q1 25 | 0.1% | 6.5% | ||
| Q4 24 | 13.4% | 3.7% | ||
| Q3 24 | 11.8% | 4.6% | ||
| Q2 24 | 7.3% | 6.8% |
| Q1 26 | — | $0.75 | ||
| Q4 25 | — | $0.44 | ||
| Q3 25 | $0.59 | $0.30 | ||
| Q2 25 | $0.23 | $0.28 | ||
| Q1 25 | $0.01 | $0.41 | ||
| Q4 24 | $1.31 | $0.23 | ||
| Q3 24 | $0.80 | $0.28 | ||
| Q2 24 | $1.05 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $98.3M | $106.8M |
| Total DebtLower is stronger | $560.0M | $597.4M |
| Stockholders' EquityBook value | $1.2B | — |
| Total Assets | $3.7B | $2.7B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $106.8M | ||
| Q4 25 | $98.3M | $129.3M | ||
| Q3 25 | — | $103.5M | ||
| Q2 25 | — | $140.5M | ||
| Q1 25 | — | $97.5M | ||
| Q4 24 | $561.8M | $121.2M | ||
| Q3 24 | — | $119.6M | ||
| Q2 24 | — | $128.0M |
| Q1 26 | — | $597.4M | ||
| Q4 25 | $560.0M | $597.2M | ||
| Q3 25 | — | $597.0M | ||
| Q2 25 | — | $596.8M | ||
| Q1 25 | — | $596.6M | ||
| Q4 24 | $608.2M | $596.4M | ||
| Q3 24 | — | $596.2M | ||
| Q2 24 | — | $596.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.3B | $1.2B |
| Q1 26 | — | $2.7B | ||
| Q4 25 | $3.7B | $2.6B | ||
| Q3 25 | $3.3B | $2.5B | ||
| Q2 25 | $3.4B | $2.5B | ||
| Q1 25 | $3.8B | $2.5B | ||
| Q4 24 | $4.1B | $2.4B | ||
| Q3 24 | $3.4B | $2.5B | ||
| Q2 24 | $3.3B | $2.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 0.45× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | 0.45× | 0.49× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.48× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.2M | — |
| Free Cash FlowOCF − Capex | $-77.1M | — |
| FCF MarginFCF / Revenue | -23.4% | — |
| Capex IntensityCapex / Revenue | 21.5% | — |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-6.2M | $55.1M | ||
| Q3 25 | $233.9M | $17.5M | ||
| Q2 25 | $299.3M | $78.6M | ||
| Q1 25 | $-350.0M | $28.8M | ||
| Q4 24 | $268.8M | $55.2M | ||
| Q3 24 | $-2.1M | $45.7M | ||
| Q2 24 | $304.4M | $113.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-77.1M | $42.4M | ||
| Q3 25 | $167.0M | $-5.5M | ||
| Q2 25 | $250.5M | $57.1M | ||
| Q1 25 | $-396.6M | $5.3M | ||
| Q4 24 | $212.9M | $35.9M | ||
| Q3 24 | $-40.0M | $21.0M | ||
| Q2 24 | $275.8M | $90.3M |
| Q1 26 | — | — | ||
| Q4 25 | -23.4% | 8.0% | ||
| Q3 25 | 56.5% | -1.1% | ||
| Q2 25 | 46.8% | 11.1% | ||
| Q1 25 | -106.9% | 1.1% | ||
| Q4 24 | 63.1% | 7.5% | ||
| Q3 24 | -17.2% | 4.4% | ||
| Q2 24 | 56.0% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 21.5% | 2.4% | ||
| Q3 25 | 22.6% | 4.6% | ||
| Q2 25 | 9.1% | 4.2% | ||
| Q1 25 | 12.6% | 4.8% | ||
| Q4 24 | 16.6% | 4.0% | ||
| Q3 24 | 16.3% | 5.1% | ||
| Q2 24 | 5.8% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | -0.09× | 1.63× | ||
| Q3 25 | 11.61× | 0.75× | ||
| Q2 25 | 38.10× | 3.64× | ||
| Q1 25 | -1232.46× | 0.92× | ||
| Q4 24 | 5.96× | 3.08× | ||
| Q3 24 | -0.08× | 2.07× | ||
| Q2 24 | 8.46× | 3.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
KMT
| Americas | $298.3M | 50% |
| EMEA | $174.0M | 29% |
| Asia Pacific | $120.3M | 20% |
