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

Funko, Inc. is the larger business by last-quarter revenue ($273.1M vs $271.6M, roughly 1.0× KADANT INC). KADANT INC runs the higher net margin — 10.2% vs -0.1%, a 10.3% gap on every dollar of revenue. On growth, KADANT INC posted the faster year-over-year revenue change (-0.0% vs -7.0%). KADANT INC produced more free cash flow last quarter ($44.1M vs $19.2M). Over the past eight quarters, Funko, Inc.'s revenue compounded faster (12.5% CAGR vs 6.7%).

Funko Inc. is an American company that manufactures licensed and limited pop culture collectibles, known for its licensed vinyl figurines and bobbleheads. In addition, the company produces licensed plush, action figures, apparel, accessories and games. Founded in 1998 by Mike Becker and Claudia Becker, Funko was originally conceived as a small project to create various low-tech, nostalgia-themed toys. The company's first manufactured bobblehead was of the Big Boy restaurant mascot.

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.

FNKO vs KAI — Head-to-Head

Bigger by revenue
FNKO
FNKO
1.0× larger
FNKO
$273.1M
$271.6M
KAI
Growing faster (revenue YoY)
KAI
KAI
+7.0% gap
KAI
-0.0%
-7.0%
FNKO
Higher net margin
KAI
KAI
10.3% more per $
KAI
10.2%
-0.1%
FNKO
More free cash flow
KAI
KAI
$24.9M more FCF
KAI
$44.1M
$19.2M
FNKO
Faster 2-yr revenue CAGR
FNKO
FNKO
Annualised
FNKO
12.5%
6.7%
KAI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FNKO
FNKO
KAI
KAI
Revenue
$273.1M
$271.6M
Net Profit
$-183.0K
$27.7M
Gross Margin
45.2%
Operating Margin
2.2%
15.7%
Net Margin
-0.1%
10.2%
Revenue YoY
-7.0%
-0.0%
Net Profit YoY
87.8%
-12.2%
EPS (diluted)
$0.00
$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
FNKO
FNKO
KAI
KAI
Q4 25
$273.1M
Q3 25
$250.9M
$271.6M
Q2 25
$193.5M
$255.3M
Q1 25
$190.7M
$239.2M
Q4 24
$293.7M
$258.0M
Q3 24
$292.8M
$271.6M
Q2 24
$247.7M
$274.8M
Q1 24
$215.7M
$249.0M
Net Profit
FNKO
FNKO
KAI
KAI
Q4 25
$-183.0K
Q3 25
$901.0K
$27.7M
Q2 25
$-40.5M
$26.2M
Q1 25
$-27.6M
$24.1M
Q4 24
$-1.5M
$24.0M
Q3 24
$4.3M
$31.6M
Q2 24
$5.1M
$31.3M
Q1 24
$-22.7M
$24.7M
Gross Margin
FNKO
FNKO
KAI
KAI
Q4 25
Q3 25
45.2%
Q2 25
45.9%
Q1 25
46.1%
Q4 24
43.4%
Q3 24
40.9%
44.7%
Q2 24
42.0%
44.4%
Q1 24
40.0%
44.6%
Operating Margin
FNKO
FNKO
KAI
KAI
Q4 25
2.2%
Q3 25
2.6%
15.7%
Q2 25
-18.0%
15.4%
Q1 25
-12.2%
14.9%
Q4 24
1.8%
14.3%
Q3 24
4.0%
18.0%
Q2 24
4.3%
17.6%
Q1 24
-6.9%
14.8%
Net Margin
FNKO
FNKO
KAI
KAI
Q4 25
-0.1%
Q3 25
0.4%
10.2%
Q2 25
-20.9%
10.2%
Q1 25
-14.5%
10.1%
Q4 24
-0.5%
9.3%
Q3 24
1.5%
11.6%
Q2 24
2.1%
11.4%
Q1 24
-10.5%
9.9%
EPS (diluted)
FNKO
FNKO
KAI
KAI
Q4 25
$0.00
Q3 25
$0.02
$2.35
Q2 25
$-0.74
$2.22
Q1 25
$-0.52
$2.04
Q4 24
$-0.01
$2.04
Q3 24
$0.08
$2.68
Q2 24
$0.10
$2.66
Q1 24
$-0.45
$2.10

Balance Sheet & Financial Strength

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

Metric
FNKO
FNKO
KAI
KAI
Cash + ST InvestmentsLiquidity on hand
$42.1M
$124.5M
Total DebtLower is stronger
$100.3M
$254.6M
Stockholders' EquityBook value
$185.8M
$949.8M
Total Assets
$685.2M
$1.5B
Debt / EquityLower = less leverage
0.54×
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FNKO
FNKO
KAI
KAI
Q4 25
$42.1M
Q3 25
$39.2M
$124.5M
Q2 25
$49.2M
$95.3M
Q1 25
$25.9M
$91.7M
Q4 24
$34.7M
$94.7M
Q3 24
$28.5M
$88.4M
Q2 24
$41.6M
$73.8M
Q1 24
$26.1M
$81.4M
Total Debt
FNKO
FNKO
KAI
KAI
Q4 25
$100.3M
Q3 25
$106.0M
$254.6M
Q2 25
$111.6M
$245.7M
Q1 25
$117.2M
$273.5M
Q4 24
$122.8M
$285.2M
Q3 24
$128.4M
$323.2M
Q2 24
$133.9M
$342.0M
Q1 24
$139.4M
$306.8M
Stockholders' Equity
FNKO
FNKO
KAI
KAI
Q4 25
$185.8M
Q3 25
$182.7M
$949.8M
Q2 25
$181.2M
$926.0M
Q1 25
$212.8M
$876.0M
Q4 24
$233.0M
$847.1M
Q3 24
$236.5M
$851.7M
Q2 24
$223.5M
$807.7M
Q1 24
$212.5M
$782.7M
Total Assets
FNKO
FNKO
KAI
KAI
Q4 25
$685.2M
Q3 25
$699.3M
$1.5B
Q2 25
$694.9M
$1.5B
Q1 25
$648.4M
$1.4B
Q4 24
$707.3M
$1.4B
Q3 24
$783.6M
$1.5B
Q2 24
$737.8M
$1.5B
Q1 24
$725.5M
$1.4B
Debt / Equity
FNKO
FNKO
KAI
KAI
Q4 25
0.54×
Q3 25
0.58×
0.27×
Q2 25
0.62×
0.27×
Q1 25
0.55×
0.31×
Q4 24
0.53×
0.34×
Q3 24
0.54×
0.38×
Q2 24
0.60×
0.42×
Q1 24
0.66×
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
FNKO
FNKO
KAI
KAI
Operating Cash FlowLast quarter
$28.1M
$47.3M
Free Cash FlowOCF − Capex
$19.2M
$44.1M
FCF MarginFCF / Revenue
7.0%
16.2%
Capex IntensityCapex / Revenue
3.3%
1.2%
Cash ConversionOCF / Net Profit
1.70×
TTM Free Cash FlowTrailing 4 quarters
$-38.1M
$145.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNKO
FNKO
KAI
KAI
Q4 25
$28.1M
Q3 25
$11.2M
$47.3M
Q2 25
$-22.2M
$40.5M
Q1 25
$-22.3M
$22.8M
Q4 24
$59.8M
$51.9M
Q3 24
$3.3M
$52.5M
Q2 24
$45.9M
$28.1M
Q1 24
$14.5M
$22.8M
Free Cash Flow
FNKO
FNKO
KAI
KAI
Q4 25
$19.2M
Q3 25
$3.4M
$44.1M
Q2 25
$-31.8M
$36.5M
Q1 25
$-28.8M
$19.0M
Q4 24
$47.8M
$46.3M
Q3 24
$-4.2M
$48.3M
Q2 24
$36.8M
$23.1M
Q1 24
$10.3M
$16.6M
FCF Margin
FNKO
FNKO
KAI
KAI
Q4 25
7.0%
Q3 25
1.3%
16.2%
Q2 25
-16.5%
14.3%
Q1 25
-15.1%
7.9%
Q4 24
16.3%
17.9%
Q3 24
-1.4%
17.8%
Q2 24
14.9%
8.4%
Q1 24
4.8%
6.7%
Capex Intensity
FNKO
FNKO
KAI
KAI
Q4 25
3.3%
Q3 25
3.1%
1.2%
Q2 25
5.0%
1.6%
Q1 25
3.4%
1.6%
Q4 24
4.1%
2.2%
Q3 24
2.6%
1.5%
Q2 24
3.7%
1.8%
Q1 24
1.9%
2.5%
Cash Conversion
FNKO
FNKO
KAI
KAI
Q4 25
Q3 25
12.47×
1.70×
Q2 25
1.55×
Q1 25
0.95×
Q4 24
2.16×
Q3 24
0.77×
1.66×
Q2 24
8.97×
0.90×
Q1 24
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FNKO
FNKO

Core Collectibles$221.0M81%
Loungefly LLC$43.1M16%
Other Products Excluding Core Collectibles And Loungefly Brands$9.0M3%

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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