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Side-by-side financial comparison of Torrid Holdings Inc. (CURV) 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 $235.2M, roughly 1.2× Torrid Holdings Inc.). KADANT INC runs the higher net margin — 10.2% vs -2.7%, a 12.9% gap on every dollar of revenue. On growth, KADANT INC posted the faster year-over-year revenue change (-0.0% vs -10.8%). KADANT INC produced more free cash flow last quarter ($44.1M vs $-6.6M). Over the past eight quarters, KADANT INC's revenue compounded faster (6.7% CAGR vs -10.5%).

Torrid Holdings Inc. is an American women's retail chain formerly owned by Hot Topic. While it is still owned by Sycamore Partners, owners of Hot Topic, in 2015, the company branched off to become Torrid, LLC. The store offers plus-size clothing and accessories for women size 10-30. Torrid began operations in April 2001. The first location opened in the Brea Mall in Brea, California. As of 2024, Torrid has over 650 stores in operation across all states in the United States and some regions of...

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.

CURV vs KAI — Head-to-Head

Bigger by revenue
KAI
KAI
1.2× larger
KAI
$271.6M
$235.2M
CURV
Growing faster (revenue YoY)
KAI
KAI
+10.8% gap
KAI
-0.0%
-10.8%
CURV
Higher net margin
KAI
KAI
12.9% more per $
KAI
10.2%
-2.7%
CURV
More free cash flow
KAI
KAI
$50.7M more FCF
KAI
$44.1M
$-6.6M
CURV
Faster 2-yr revenue CAGR
KAI
KAI
Annualised
KAI
6.7%
-10.5%
CURV

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
CURV
CURV
KAI
KAI
Revenue
$235.2M
$271.6M
Net Profit
$-6.4M
$27.7M
Gross Margin
34.9%
45.2%
Operating Margin
0.1%
15.7%
Net Margin
-2.7%
10.2%
Revenue YoY
-10.8%
-0.0%
Net Profit YoY
-438.2%
-12.2%
EPS (diluted)
$-0.06
$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
CURV
CURV
KAI
KAI
Q4 25
$235.2M
Q3 25
$262.8M
$271.6M
Q2 25
$266.0M
$255.3M
Q1 25
$275.6M
$239.2M
Q4 24
$263.8M
$258.0M
Q3 24
$284.6M
$271.6M
Q2 24
$279.8M
$274.8M
Q1 24
$293.5M
$249.0M
Net Profit
CURV
CURV
KAI
KAI
Q4 25
$-6.4M
Q3 25
$1.6M
$27.7M
Q2 25
$5.9M
$26.2M
Q1 25
$-3.0M
$24.1M
Q4 24
$-1.2M
$24.0M
Q3 24
$8.3M
$31.6M
Q2 24
$12.2M
$31.3M
Q1 24
$-4.1M
$24.7M
Gross Margin
CURV
CURV
KAI
KAI
Q4 25
34.9%
Q3 25
35.6%
45.2%
Q2 25
38.1%
45.9%
Q1 25
33.6%
46.1%
Q4 24
36.1%
43.4%
Q3 24
38.7%
44.7%
Q2 24
41.3%
44.4%
Q1 24
34.5%
44.6%
Operating Margin
CURV
CURV
KAI
KAI
Q4 25
0.1%
Q3 25
3.9%
15.7%
Q2 25
6.0%
15.4%
Q1 25
1.3%
14.9%
Q4 24
2.7%
14.3%
Q3 24
7.2%
18.0%
Q2 24
9.3%
17.6%
Q1 24
1.4%
14.8%
Net Margin
CURV
CURV
KAI
KAI
Q4 25
-2.7%
Q3 25
0.6%
10.2%
Q2 25
2.2%
10.2%
Q1 25
-1.1%
10.1%
Q4 24
-0.5%
9.3%
Q3 24
2.9%
11.6%
Q2 24
4.4%
11.4%
Q1 24
-1.4%
9.9%
EPS (diluted)
CURV
CURV
KAI
KAI
Q4 25
$-0.06
Q3 25
$0.02
$2.35
Q2 25
$0.06
$2.22
Q1 25
$-0.04
$2.04
Q4 24
$-0.01
$2.04
Q3 24
$0.08
$2.68
Q2 24
$0.12
$2.66
Q1 24
$-0.03
$2.10

Balance Sheet & Financial Strength

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

Metric
CURV
CURV
KAI
KAI
Cash + ST InvestmentsLiquidity on hand
$17.2M
$124.5M
Total DebtLower is stronger
$276.4M
$254.6M
Stockholders' EquityBook value
$-206.5M
$949.8M
Total Assets
$402.9M
$1.5B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CURV
CURV
KAI
KAI
Q4 25
$17.2M
Q3 25
$21.5M
$124.5M
Q2 25
$23.7M
$95.3M
Q1 25
$48.5M
$91.7M
Q4 24
$44.0M
$94.7M
Q3 24
$53.9M
$88.4M
Q2 24
$20.5M
$73.8M
Q1 24
$11.7M
$81.4M
Total Debt
CURV
CURV
KAI
KAI
Q4 25
$276.4M
Q3 25
$280.5M
$254.6M
Q2 25
$284.5M
$245.7M
Q1 25
$288.6M
$273.5M
Q4 24
$285.2M
Q3 24
$323.2M
Q2 24
$342.0M
Q1 24
$306.8M
Stockholders' Equity
CURV
CURV
KAI
KAI
Q4 25
$-206.5M
Q3 25
$-201.1M
$949.8M
Q2 25
$-183.8M
$926.0M
Q1 25
$-191.1M
$876.0M
Q4 24
$-189.3M
$847.1M
Q3 24
$-188.9M
$851.7M
Q2 24
$-198.6M
$807.7M
Q1 24
$-211.7M
$782.7M
Total Assets
CURV
CURV
KAI
KAI
Q4 25
$402.9M
Q3 25
$414.5M
$1.5B
Q2 25
$451.4M
$1.5B
Q1 25
$488.4M
$1.4B
Q4 24
$493.0M
$1.4B
Q3 24
$487.5M
$1.5B
Q2 24
$479.7M
$1.5B
Q1 24
$476.9M
$1.4B
Debt / Equity
CURV
CURV
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
CURV
CURV
KAI
KAI
Operating Cash FlowLast quarter
$-4.9M
$47.3M
Free Cash FlowOCF − Capex
$-6.6M
$44.1M
FCF MarginFCF / Revenue
-2.8%
16.2%
Capex IntensityCapex / Revenue
0.7%
1.2%
Cash ConversionOCF / Net Profit
1.70×
TTM Free Cash FlowTrailing 4 quarters
$-2.3M
$145.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CURV
CURV
KAI
KAI
Q4 25
$-4.9M
Q3 25
$15.7M
$47.3M
Q2 25
$-18.0M
$40.5M
Q1 25
$12.0M
$22.8M
Q4 24
$-3.1M
$51.9M
Q3 24
$40.8M
$52.5M
Q2 24
$27.6M
$28.1M
Q1 24
$9.0M
$22.8M
Free Cash Flow
CURV
CURV
KAI
KAI
Q4 25
$-6.6M
Q3 25
$14.6M
$44.1M
Q2 25
$-20.6M
$36.5M
Q1 25
$10.2M
$19.0M
Q4 24
$-5.5M
$46.3M
Q3 24
$37.7M
$48.3M
Q2 24
$20.6M
$23.1M
Q1 24
$-1.7M
$16.6M
FCF Margin
CURV
CURV
KAI
KAI
Q4 25
-2.8%
Q3 25
5.6%
16.2%
Q2 25
-7.7%
14.3%
Q1 25
3.7%
7.9%
Q4 24
-2.1%
17.9%
Q3 24
13.2%
17.8%
Q2 24
7.4%
8.4%
Q1 24
-0.6%
6.7%
Capex Intensity
CURV
CURV
KAI
KAI
Q4 25
0.7%
Q3 25
0.4%
1.2%
Q2 25
1.0%
1.6%
Q1 25
0.6%
1.6%
Q4 24
0.9%
2.2%
Q3 24
1.1%
1.5%
Q2 24
2.5%
1.8%
Q1 24
3.7%
2.5%
Cash Conversion
CURV
CURV
KAI
KAI
Q4 25
Q3 25
10.05×
1.70×
Q2 25
-3.03×
1.55×
Q1 25
0.95×
Q4 24
2.16×
Q3 24
4.90×
1.66×
Q2 24
2.27×
0.90×
Q1 24
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CURV
CURV

Apparel$213.6M91%
Non Apparel$12.3M5%
Other$9.2M4%
Loyalty Program$1.1M0%

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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