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Side-by-side financial comparison of Fabrinet (FN) and KENNAMETAL INC (KMT). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $592.6M, roughly 1.9× KENNAMETAL INC). KENNAMETAL INC runs the higher net margin — 10.3% vs 9.9%, a 0.4% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 21.8%). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 4.4%).
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
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.
FN vs KMT — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $592.6M |
| Net Profit | $112.6M | $61.1M |
| Gross Margin | 12.2% | 35.1% |
| Operating Margin | 10.1% | 13.4% |
| Net Margin | 9.9% | 10.3% |
| Revenue YoY | 35.9% | 21.8% |
| Net Profit YoY | 30.0% | 85.0% |
| EPS (diluted) | $3.11 | $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 | $1.1B | $529.5M | ||
| Q3 25 | $978.1M | $498.0M | ||
| Q2 25 | $909.7M | $516.4M | ||
| Q1 25 | $871.8M | $486.4M | ||
| Q4 24 | $833.6M | $482.1M | ||
| Q3 24 | $804.2M | $481.9M | ||
| Q2 24 | $753.3M | $543.3M |
| Q1 26 | — | $61.1M | ||
| Q4 25 | $112.6M | $33.9M | ||
| Q3 25 | $95.9M | $23.3M | ||
| Q2 25 | $87.2M | $21.6M | ||
| Q1 25 | $81.3M | $31.5M | ||
| Q4 24 | $86.6M | $17.9M | ||
| Q3 24 | $77.4M | $22.1M | ||
| Q2 24 | $81.1M | $37.2M |
| Q1 26 | — | 35.1% | ||
| Q4 25 | 12.2% | 32.8% | ||
| Q3 25 | 11.9% | 31.0% | ||
| Q2 25 | 12.2% | 28.2% | ||
| Q1 25 | 11.7% | 32.1% | ||
| Q4 24 | 12.1% | 30.1% | ||
| Q3 24 | 12.3% | 31.3% | ||
| Q2 24 | 12.3% | 31.5% |
| Q1 26 | — | 13.4% | ||
| Q4 25 | 10.1% | 9.9% | ||
| Q3 25 | 9.6% | 7.5% | ||
| Q2 25 | 9.8% | 6.1% | ||
| Q1 25 | 9.0% | 9.1% | ||
| Q4 24 | 9.5% | 6.6% | ||
| Q3 24 | 9.6% | 7.5% | ||
| Q2 24 | 9.7% | 11.3% |
| Q1 26 | — | 10.3% | ||
| Q4 25 | 9.9% | 6.4% | ||
| Q3 25 | 9.8% | 4.7% | ||
| Q2 25 | 9.6% | 4.2% | ||
| Q1 25 | 9.3% | 6.5% | ||
| Q4 24 | 10.4% | 3.7% | ||
| Q3 24 | 9.6% | 4.6% | ||
| Q2 24 | 10.8% | 6.8% |
| Q1 26 | — | $0.75 | ||
| Q4 25 | $3.11 | $0.44 | ||
| Q3 25 | $2.66 | $0.30 | ||
| Q2 25 | $2.41 | $0.28 | ||
| Q1 25 | $2.25 | $0.41 | ||
| Q4 24 | $2.38 | $0.23 | ||
| Q3 24 | $2.13 | $0.28 | ||
| Q2 24 | $2.22 | $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 | $960.8M | $106.8M |
| Total DebtLower is stronger | — | $597.4M |
| Stockholders' EquityBook value | $2.2B | — |
| Total Assets | $3.3B | $2.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $106.8M | ||
| Q4 25 | $960.8M | $129.3M | ||
| Q3 25 | $968.8M | $103.5M | ||
| Q2 25 | $934.2M | $140.5M | ||
| Q1 25 | $950.7M | $97.5M | ||
| Q4 24 | $934.6M | $121.2M | ||
| Q3 24 | $908.9M | $119.6M | ||
| Q2 24 | $858.6M | $128.0M |
| Q1 26 | — | $597.4M | ||
| Q4 25 | — | $597.2M | ||
| Q3 25 | — | $597.0M | ||
| Q2 25 | — | $596.8M | ||
| Q1 25 | — | $596.6M | ||
| Q4 24 | — | $596.4M | ||
| Q3 24 | — | $596.2M | ||
| Q2 24 | — | $596.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $2.0B | $1.3B | ||
| Q1 25 | $1.9B | $1.2B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $1.7B | $1.2B |
| Q1 26 | — | $2.7B | ||
| Q4 25 | $3.3B | $2.6B | ||
| Q3 25 | $3.0B | $2.5B | ||
| Q2 25 | $2.8B | $2.5B | ||
| Q1 25 | $2.6B | $2.5B | ||
| Q4 24 | $2.5B | $2.4B | ||
| Q3 24 | $2.4B | $2.5B | ||
| Q2 24 | $2.3B | $2.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 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 | $46.3M | — |
| Free Cash FlowOCF − Capex | $-5.3M | — |
| FCF MarginFCF / Revenue | -0.5% | — |
| Capex IntensityCapex / Revenue | 4.6% | — |
| Cash ConversionOCF / Net Profit | 0.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $46.3M | $55.1M | ||
| Q3 25 | $102.6M | $17.5M | ||
| Q2 25 | $55.1M | $78.6M | ||
| Q1 25 | $74.2M | $28.8M | ||
| Q4 24 | $115.9M | $55.2M | ||
| Q3 24 | $83.2M | $45.7M | ||
| Q2 24 | $83.1M | $113.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-5.3M | $42.4M | ||
| Q3 25 | $57.3M | $-5.5M | ||
| Q2 25 | $4.7M | $57.1M | ||
| Q1 25 | $45.7M | $5.3M | ||
| Q4 24 | $94.0M | $35.9M | ||
| Q3 24 | $62.9M | $21.0M | ||
| Q2 24 | $70.4M | $90.3M |
| Q1 26 | — | — | ||
| Q4 25 | -0.5% | 8.0% | ||
| Q3 25 | 5.9% | -1.1% | ||
| Q2 25 | 0.5% | 11.1% | ||
| Q1 25 | 5.2% | 1.1% | ||
| Q4 24 | 11.3% | 7.5% | ||
| Q3 24 | 7.8% | 4.4% | ||
| Q2 24 | 9.3% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 2.4% | ||
| Q3 25 | 4.6% | 4.6% | ||
| Q2 25 | 5.5% | 4.2% | ||
| Q1 25 | 3.3% | 4.8% | ||
| Q4 24 | 2.6% | 4.0% | ||
| Q3 24 | 2.5% | 5.1% | ||
| Q2 24 | 1.7% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.41× | 1.63× | ||
| Q3 25 | 1.07× | 0.75× | ||
| Q2 25 | 0.63× | 3.64× | ||
| Q1 25 | 0.91× | 0.92× | ||
| Q4 24 | 1.34× | 3.08× | ||
| Q3 24 | 1.07× | 2.07× | ||
| Q2 24 | 1.02× | 3.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
KMT
| Americas | $298.3M | 50% |
| EMEA | $174.0M | 29% |
| Asia Pacific | $120.3M | 20% |
