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Side-by-side financial comparison of Hilltop Holdings Inc. (HTH) and KENNAMETAL INC (KMT). Click either name above to swap in a different company.
KENNAMETAL INC is the larger business by last-quarter revenue ($529.5M vs $300.5M, roughly 1.8× Hilltop Holdings Inc.). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs 6.4%, a 6.6% gap on every dollar of revenue. Over the past eight quarters, KENNAMETAL INC's revenue compounded faster (1.3% CAGR vs 0.6%).
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
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.
HTH vs KMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $300.5M | $529.5M |
| Net Profit | $39.0M | $33.9M |
| Gross Margin | — | 32.8% |
| Operating Margin | — | 9.9% |
| Net Margin | 13.0% | 6.4% |
| Revenue YoY | — | 9.8% |
| Net Profit YoY | -12.4% | 89.0% |
| EPS (diluted) | $0.64 | $0.44 |
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 | $300.5M | — | ||
| Q4 25 | $329.9M | $529.5M | ||
| Q3 25 | $330.2M | $498.0M | ||
| Q2 25 | $303.3M | $516.4M | ||
| Q1 25 | $318.5M | $486.4M | ||
| Q4 24 | $301.1M | $482.1M | ||
| Q3 24 | $305.5M | $481.9M | ||
| Q2 24 | $297.0M | $543.3M |
| Q1 26 | $39.0M | — | ||
| Q4 25 | $41.6M | $33.9M | ||
| Q3 25 | $45.8M | $23.3M | ||
| Q2 25 | $36.1M | $21.6M | ||
| Q1 25 | $42.1M | $31.5M | ||
| Q4 24 | $35.5M | $17.9M | ||
| Q3 24 | $29.7M | $22.1M | ||
| Q2 24 | $20.3M | $37.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 31.0% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 32.1% | ||
| Q4 24 | — | 30.1% | ||
| Q3 24 | — | 31.3% | ||
| Q2 24 | — | 31.5% |
| Q1 26 | — | — | ||
| Q4 25 | 16.1% | 9.9% | ||
| Q3 25 | 18.4% | 7.5% | ||
| Q2 25 | 16.3% | 6.1% | ||
| Q1 25 | 18.1% | 9.1% | ||
| Q4 24 | 14.7% | 6.6% | ||
| Q3 24 | 13.9% | 7.5% | ||
| Q2 24 | 10.0% | 11.3% |
| Q1 26 | 13.0% | — | ||
| Q4 25 | 12.6% | 6.4% | ||
| Q3 25 | 13.9% | 4.7% | ||
| Q2 25 | 11.9% | 4.2% | ||
| Q1 25 | 13.2% | 6.5% | ||
| Q4 24 | 11.8% | 3.7% | ||
| Q3 24 | 9.7% | 4.6% | ||
| Q2 24 | 6.8% | 6.8% |
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.68 | $0.44 | ||
| Q3 25 | $0.74 | $0.30 | ||
| Q2 25 | $0.57 | $0.28 | ||
| Q1 25 | $0.65 | $0.41 | ||
| Q4 24 | $0.55 | $0.23 | ||
| Q3 24 | $0.46 | $0.28 | ||
| Q2 24 | $0.31 | $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 | — | $129.3M |
| Total DebtLower is stronger | $990.8M | $597.2M |
| Stockholders' EquityBook value | $2.2B | $1.3B |
| Total Assets | $15.7B | $2.6B |
| Debt / EquityLower = less leverage | 0.46× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $129.3M | ||
| Q3 25 | — | $103.5M | ||
| Q2 25 | — | $140.5M | ||
| Q1 25 | — | $97.5M | ||
| Q4 24 | — | $121.2M | ||
| Q3 24 | — | $119.6M | ||
| Q2 24 | — | $128.0M |
| Q1 26 | $990.8M | — | ||
| 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 | $2.2B | — | ||
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.2B | $1.2B | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $2.2B | $1.3B | ||
| Q2 24 | $2.1B | $1.2B |
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.8B | $2.6B | ||
| Q3 25 | $15.6B | $2.5B | ||
| Q2 25 | $15.4B | $2.5B | ||
| Q1 25 | $15.8B | $2.5B | ||
| Q4 24 | $16.3B | $2.4B | ||
| Q3 24 | $15.9B | $2.5B | ||
| Q2 24 | $15.6B | $2.5B |
| Q1 26 | 0.46× | — | ||
| 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 | — | $55.1M |
| Free Cash FlowOCF − Capex | — | $42.4M |
| FCF MarginFCF / Revenue | — | 8.0% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $99.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-38.7M | $55.1M | ||
| Q3 25 | $273.0M | $17.5M | ||
| Q2 25 | $-234.6M | $78.6M | ||
| Q1 25 | $5.8M | $28.8M | ||
| Q4 24 | $273.9M | $55.2M | ||
| Q3 24 | $515.6M | $45.7M | ||
| Q2 24 | $-435.3M | $113.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.5M | $42.4M | ||
| Q3 25 | $271.0M | $-5.5M | ||
| Q2 25 | $-234.6M | $57.1M | ||
| Q1 25 | $5.0M | $5.3M | ||
| Q4 24 | $266.8M | $35.9M | ||
| Q3 24 | $513.8M | $21.0M | ||
| Q2 24 | $-437.3M | $90.3M |
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | 8.0% | ||
| Q3 25 | 82.1% | -1.1% | ||
| Q2 25 | -77.4% | 11.1% | ||
| Q1 25 | 1.6% | 1.1% | ||
| Q4 24 | 88.6% | 7.5% | ||
| Q3 24 | 168.2% | 4.4% | ||
| Q2 24 | -147.2% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 2.4% | ||
| Q3 25 | 0.6% | 4.6% | ||
| Q2 25 | 0.0% | 4.2% | ||
| Q1 25 | 0.3% | 4.8% | ||
| Q4 24 | 2.4% | 4.0% | ||
| Q3 24 | 0.6% | 5.1% | ||
| Q2 24 | 0.7% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | -0.93× | 1.63× | ||
| Q3 25 | 5.96× | 0.75× | ||
| Q2 25 | -6.50× | 3.64× | ||
| Q1 25 | 0.14× | 0.92× | ||
| Q4 24 | 7.71× | 3.08× | ||
| Q3 24 | 17.36× | 2.07× | ||
| Q2 24 | -21.41× | 3.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
KMT
| Metal Cutting | $331.1M | 63% |
| Infrastructure | $198.5M | 37% |
