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Side-by-side financial comparison of COHEN & STEERS, INC. (CNS) 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 $143.8M, roughly 1.9× COHEN & STEERS, INC.). COHEN & STEERS, INC. runs the higher net margin — 24.3% vs 10.2%, a 14.0% gap on every dollar of revenue. On growth, COHEN & STEERS, INC. posted the faster year-over-year revenue change (2.9% vs -0.0%). KADANT INC produced more free cash flow last quarter ($44.1M vs $-126.4M). Over the past eight quarters, COHEN & STEERS, INC.'s revenue compounded faster (8.3% CAGR vs 6.7%).

Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.

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.

CNS vs KAI — Head-to-Head

Bigger by revenue
KAI
KAI
1.9× larger
KAI
$271.6M
$143.8M
CNS
Growing faster (revenue YoY)
CNS
CNS
+2.9% gap
CNS
2.9%
-0.0%
KAI
Higher net margin
CNS
CNS
14.0% more per $
CNS
24.3%
10.2%
KAI
More free cash flow
KAI
KAI
$170.5M more FCF
KAI
$44.1M
$-126.4M
CNS
Faster 2-yr revenue CAGR
CNS
CNS
Annualised
CNS
8.3%
6.7%
KAI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CNS
CNS
KAI
KAI
Revenue
$143.8M
$271.6M
Net Profit
$34.9M
$27.7M
Gross Margin
45.2%
Operating Margin
28.0%
15.7%
Net Margin
24.3%
10.2%
Revenue YoY
2.9%
-0.0%
Net Profit YoY
-23.9%
-12.2%
EPS (diluted)
$0.67
$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
CNS
CNS
KAI
KAI
Q4 25
$143.8M
Q3 25
$141.7M
$271.6M
Q2 25
$136.1M
$255.3M
Q1 25
$134.5M
$239.2M
Q4 24
$139.8M
$258.0M
Q3 24
$133.2M
$271.6M
Q2 24
$121.7M
$274.8M
Q1 24
$122.7M
$249.0M
Net Profit
CNS
CNS
KAI
KAI
Q4 25
$34.9M
Q3 25
$41.7M
$27.7M
Q2 25
$36.8M
$26.2M
Q1 25
$39.8M
$24.1M
Q4 24
$45.8M
$24.0M
Q3 24
$39.7M
$31.6M
Q2 24
$31.8M
$31.3M
Q1 24
$34.0M
$24.7M
Gross Margin
CNS
CNS
KAI
KAI
Q4 25
Q3 25
45.2%
Q2 25
45.9%
Q1 25
46.1%
Q4 24
43.4%
Q3 24
44.7%
Q2 24
44.4%
Q1 24
44.6%
Operating Margin
CNS
CNS
KAI
KAI
Q4 25
28.0%
Q3 25
34.5%
15.7%
Q2 25
31.8%
15.4%
Q1 25
33.6%
14.9%
Q4 24
35.3%
14.3%
Q3 24
33.7%
18.0%
Q2 24
31.5%
17.6%
Q1 24
32.8%
14.8%
Net Margin
CNS
CNS
KAI
KAI
Q4 25
24.3%
Q3 25
29.4%
10.2%
Q2 25
27.1%
10.2%
Q1 25
29.6%
10.1%
Q4 24
32.8%
9.3%
Q3 24
29.8%
11.6%
Q2 24
26.1%
11.4%
Q1 24
27.7%
9.9%
EPS (diluted)
CNS
CNS
KAI
KAI
Q4 25
$0.67
Q3 25
$0.81
$2.35
Q2 25
$0.72
$2.22
Q1 25
$0.77
$2.04
Q4 24
$0.89
$2.04
Q3 24
$0.77
$2.68
Q2 24
$0.63
$2.66
Q1 24
$0.68
$2.10

Balance Sheet & Financial Strength

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

Metric
CNS
CNS
KAI
KAI
Cash + ST InvestmentsLiquidity on hand
$145.5M
$124.5M
Total DebtLower is stronger
$254.6M
Stockholders' EquityBook value
$562.0M
$949.8M
Total Assets
$876.7M
$1.5B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNS
CNS
KAI
KAI
Q4 25
$145.5M
Q3 25
$98.1M
$124.5M
Q2 25
$95.4M
$95.3M
Q1 25
$65.2M
$91.7M
Q4 24
$183.0M
$94.7M
Q3 24
$106.5M
$88.4M
Q2 24
$122.0M
$73.8M
Q1 24
$99.5M
$81.4M
Total Debt
CNS
CNS
KAI
KAI
Q4 25
Q3 25
$254.6M
Q2 25
$245.7M
Q1 25
$273.5M
Q4 24
$285.2M
Q3 24
$323.2M
Q2 24
$342.0M
Q1 24
$306.8M
Stockholders' Equity
CNS
CNS
KAI
KAI
Q4 25
$562.0M
Q3 25
$550.3M
$949.8M
Q2 25
$528.5M
$926.0M
Q1 25
$507.7M
$876.0M
Q4 24
$511.7M
$847.1M
Q3 24
$491.0M
$851.7M
Q2 24
$463.2M
$807.7M
Q1 24
$378.9M
$782.7M
Total Assets
CNS
CNS
KAI
KAI
Q4 25
$876.7M
Q3 25
$801.6M
$1.5B
Q2 25
$751.0M
$1.5B
Q1 25
$834.9M
$1.4B
Q4 24
$812.4M
$1.4B
Q3 24
$727.8M
$1.5B
Q2 24
$784.1M
$1.5B
Q1 24
$680.7M
$1.4B
Debt / Equity
CNS
CNS
KAI
KAI
Q4 25
Q3 25
0.27×
Q2 25
0.27×
Q1 25
0.31×
Q4 24
0.34×
Q3 24
0.38×
Q2 24
0.42×
Q1 24
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
CNS
CNS
KAI
KAI
Operating Cash FlowLast quarter
$-120.4M
$47.3M
Free Cash FlowOCF − Capex
$-126.4M
$44.1M
FCF MarginFCF / Revenue
-87.9%
16.2%
Capex IntensityCapex / Revenue
4.2%
1.2%
Cash ConversionOCF / Net Profit
-3.45×
1.70×
TTM Free Cash FlowTrailing 4 quarters
$-253.6M
$145.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNS
CNS
KAI
KAI
Q4 25
$-120.4M
Q3 25
$55.1M
$47.3M
Q2 25
$-67.6M
$40.5M
Q1 25
$-108.9M
$22.8M
Q4 24
$96.7M
$51.9M
Q3 24
$25.6M
$52.5M
Q2 24
$31.4M
$28.1M
Q1 24
$4.9M
$22.8M
Free Cash Flow
CNS
CNS
KAI
KAI
Q4 25
$-126.4M
Q3 25
$52.6M
$44.1M
Q2 25
$-69.8M
$36.5M
Q1 25
$-110.0M
$19.0M
Q4 24
$85.0M
$46.3M
Q3 24
$24.2M
$48.3M
Q2 24
$27.1M
$23.1M
Q1 24
$537.0K
$16.6M
FCF Margin
CNS
CNS
KAI
KAI
Q4 25
-87.9%
Q3 25
37.1%
16.2%
Q2 25
-51.3%
14.3%
Q1 25
-81.8%
7.9%
Q4 24
60.8%
17.9%
Q3 24
18.2%
17.8%
Q2 24
22.3%
8.4%
Q1 24
0.4%
6.7%
Capex Intensity
CNS
CNS
KAI
KAI
Q4 25
4.2%
Q3 25
1.8%
1.2%
Q2 25
1.6%
1.6%
Q1 25
0.8%
1.6%
Q4 24
8.3%
2.2%
Q3 24
1.1%
1.5%
Q2 24
3.5%
1.8%
Q1 24
3.5%
2.5%
Cash Conversion
CNS
CNS
KAI
KAI
Q4 25
-3.45×
Q3 25
1.32×
1.70×
Q2 25
-1.84×
1.55×
Q1 25
-2.74×
0.95×
Q4 24
2.11×
2.16×
Q3 24
0.65×
1.66×
Q2 24
0.99×
0.90×
Q1 24
0.14×
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CNS
CNS

Segment breakdown not available.

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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