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Side-by-side financial comparison of CarGurus, Inc. (CARG) and KADANT INC (KAI). Click either name above to swap in a different company.

KADANT INC is the larger business by last-quarter revenue ($271.6M vs $209.1M, roughly 1.3× CarGurus, Inc.). CarGurus, Inc. runs the higher net margin — 23.8% vs 10.2%, a 13.6% gap on every dollar of revenue. On growth, KADANT INC posted the faster year-over-year revenue change (-0.0% vs -8.5%). CarGurus, Inc. produced more free cash flow last quarter ($81.9M vs $44.1M). Over the past eight quarters, KADANT INC's revenue compounded faster (6.7% CAGR vs -1.6%).

CarGurus, Inc. is an automotive research and shopping website operating in the U.S., U.K. and Canada that assists consumers and auto dealers in comparing local listings for used and new cars, and contacting sellers.

Kadant Inc. is a company that was established in 1991, as a partly privately owned subsidiary of Thermo Electron, and partly publicly traded company, and was fully spun out and renamed Kadant in 2001. The company supports papermaking, paper recycling, wood processing, material handling, and other processing industries. Kadant is a multi-national corporation with operations in Asia, Europe, North America, and South America.

CARG vs KAI — Head-to-Head

Bigger by revenue
KAI
KAI
1.3× larger
KAI
$271.6M
$209.1M
CARG
Growing faster (revenue YoY)
KAI
KAI
+8.5% gap
KAI
-0.0%
-8.5%
CARG
Higher net margin
CARG
CARG
13.6% more per $
CARG
23.8%
10.2%
KAI
More free cash flow
CARG
CARG
$37.9M more FCF
CARG
$81.9M
$44.1M
KAI
Faster 2-yr revenue CAGR
KAI
KAI
Annualised
KAI
6.7%
-1.6%
CARG

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CARG
CARG
KAI
KAI
Revenue
$209.1M
$271.6M
Net Profit
$49.8M
$27.7M
Gross Margin
45.2%
Operating Margin
57.0%
15.7%
Net Margin
23.8%
10.2%
Revenue YoY
-8.5%
-0.0%
Net Profit YoY
8.5%
-12.2%
EPS (diluted)
$0.51
$2.35

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.

Revenue
CARG
CARG
KAI
KAI
Q4 25
$209.1M
Q3 25
$238.7M
$271.6M
Q2 25
$234.0M
$255.3M
Q1 25
$225.2M
$239.2M
Q4 24
$228.5M
$258.0M
Q3 24
$231.4M
$271.6M
Q2 24
$218.7M
$274.8M
Q1 24
$215.8M
$249.0M
Net Profit
CARG
CARG
KAI
KAI
Q4 25
$49.8M
Q3 25
$44.7M
$27.7M
Q2 25
$22.3M
$26.2M
Q1 25
$39.0M
$24.1M
Q4 24
$45.9M
$24.0M
Q3 24
$22.5M
$31.6M
Q2 24
$-68.7M
$31.3M
Q1 24
$21.3M
$24.7M
Gross Margin
CARG
CARG
KAI
KAI
Q4 25
Q3 25
89.5%
45.2%
Q2 25
87.3%
45.9%
Q1 25
88.7%
46.1%
Q4 24
87.1%
43.4%
Q3 24
78.9%
44.7%
Q2 24
83.4%
44.4%
Q1 24
81.1%
44.6%
Operating Margin
CARG
CARG
KAI
KAI
Q4 25
57.0%
Q3 25
22.9%
15.7%
Q2 25
10.6%
15.4%
Q1 25
20.3%
14.9%
Q4 24
23.3%
14.3%
Q3 24
11.9%
18.0%
Q2 24
-42.8%
17.6%
Q1 24
12.2%
14.8%
Net Margin
CARG
CARG
KAI
KAI
Q4 25
23.8%
Q3 25
18.7%
10.2%
Q2 25
9.5%
10.2%
Q1 25
17.3%
10.1%
Q4 24
20.1%
9.3%
Q3 24
9.7%
11.6%
Q2 24
-31.4%
11.4%
Q1 24
9.9%
9.9%
EPS (diluted)
CARG
CARG
KAI
KAI
Q4 25
$0.51
Q3 25
$0.45
$2.35
Q2 25
$0.22
$2.22
Q1 25
$0.37
$2.04
Q4 24
$0.45
$2.04
Q3 24
$0.21
$2.68
Q2 24
$-0.66
$2.66
Q1 24
$0.20
$2.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CARG
CARG
KAI
KAI
Cash + ST InvestmentsLiquidity on hand
$190.5M
$124.5M
Total DebtLower is stronger
$0
$254.6M
Stockholders' EquityBook value
$374.2M
$949.8M
Total Assets
$661.9M
$1.5B
Debt / EquityLower = less leverage
0.00×
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CARG
CARG
KAI
KAI
Q4 25
$190.5M
Q3 25
$178.8M
$124.5M
Q2 25
$231.2M
$95.3M
Q1 25
$172.9M
$91.7M
Q4 24
$304.2M
$94.7M
Q3 24
$246.7M
$88.4M
Q2 24
$216.2M
$73.8M
Q1 24
$246.3M
$81.4M
Total Debt
CARG
CARG
KAI
KAI
Q4 25
$0
Q3 25
$0
$254.6M
Q2 25
$0
$245.7M
Q1 25
$0
$273.5M
Q4 24
$0
$285.2M
Q3 24
$0
$323.2M
Q2 24
$0
$342.0M
Q1 24
$0
$306.8M
Stockholders' Equity
CARG
CARG
KAI
KAI
Q4 25
$374.2M
Q3 25
$375.4M
$949.8M
Q2 25
$435.5M
$926.0M
Q1 25
$402.1M
$876.0M
Q4 24
$541.7M
$847.1M
Q3 24
$483.5M
$851.7M
Q2 24
$452.1M
$807.7M
Q1 24
$568.4M
$782.7M
Total Assets
CARG
CARG
KAI
KAI
Q4 25
$661.9M
Q3 25
$660.5M
$1.5B
Q2 25
$726.1M
$1.5B
Q1 25
$689.1M
$1.4B
Q4 24
$824.5M
$1.4B
Q3 24
$778.2M
$1.5B
Q2 24
$753.3M
$1.5B
Q1 24
$870.8M
$1.4B
Debt / Equity
CARG
CARG
KAI
KAI
Q4 25
0.00×
Q3 25
0.00×
0.27×
Q2 25
0.00×
0.27×
Q1 25
0.00×
0.31×
Q4 24
0.00×
0.34×
Q3 24
0.00×
0.38×
Q2 24
0.00×
0.42×
Q1 24
0.00×
0.39×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CARG
CARG
KAI
KAI
Operating Cash FlowLast quarter
$83.1M
$47.3M
Free Cash FlowOCF − Capex
$81.9M
$44.1M
FCF MarginFCF / Revenue
39.2%
16.2%
Capex IntensityCapex / Revenue
0.6%
1.2%
Cash ConversionOCF / Net Profit
1.67×
1.70×
TTM Free Cash FlowTrailing 4 quarters
$288.9M
$145.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CARG
CARG
KAI
KAI
Q4 25
$83.1M
Q3 25
$71.2M
$47.3M
Q2 25
$73.1M
$40.5M
Q1 25
$67.9M
$22.8M
Q4 24
$75.7M
$51.9M
Q3 24
$56.2M
$52.5M
Q2 24
$71.6M
$28.1M
Q1 24
$52.0M
$22.8M
Free Cash Flow
CARG
CARG
KAI
KAI
Q4 25
$81.9M
Q3 25
$69.8M
$44.1M
Q2 25
$71.5M
$36.5M
Q1 25
$65.6M
$19.0M
Q4 24
$65.5M
$46.3M
Q3 24
$45.9M
$48.3M
Q2 24
$45.6M
$23.1M
Q1 24
$23.3M
$16.6M
FCF Margin
CARG
CARG
KAI
KAI
Q4 25
39.2%
Q3 25
29.2%
16.2%
Q2 25
30.6%
14.3%
Q1 25
29.2%
7.9%
Q4 24
28.7%
17.9%
Q3 24
19.8%
17.8%
Q2 24
20.9%
8.4%
Q1 24
10.8%
6.7%
Capex Intensity
CARG
CARG
KAI
KAI
Q4 25
0.6%
Q3 25
0.6%
1.2%
Q2 25
0.7%
1.6%
Q1 25
1.0%
1.6%
Q4 24
4.5%
2.2%
Q3 24
4.4%
1.5%
Q2 24
11.9%
1.8%
Q1 24
13.3%
2.5%
Cash Conversion
CARG
CARG
KAI
KAI
Q4 25
1.67×
Q3 25
1.59×
1.70×
Q2 25
3.27×
1.55×
Q1 25
1.74×
0.95×
Q4 24
1.65×
2.16×
Q3 24
2.50×
1.66×
Q2 24
0.90×
Q1 24
2.44×
0.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CARG
CARG

US$187.0M89%
Non Us$22.1M11%

KAI
KAI

Flow Control$94.8M35%
Capital$83.2M31%
Material Handling Systems$70.3M26%
Transferred Over Time$17.1M6%
Other$6.1M2%

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