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Side-by-side financial comparison of KADANT INC (KAI) and MEDICAL PROPERTIES TRUST INC (MPW). Click either name above to swap in a different company.

KADANT INC is the larger business by last-quarter revenue ($271.6M vs $270.3M, roughly 1.0× MEDICAL PROPERTIES TRUST INC). KADANT INC runs the higher net margin — 10.2% vs 6.5%, a 3.7% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs -0.0%). Over the past eight quarters, KADANT INC's revenue compounded faster (6.7% CAGR vs -0.2%).

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.

Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...

KAI vs MPW — Head-to-Head

Bigger by revenue
KAI
KAI
1.0× larger
KAI
$271.6M
$270.3M
MPW
Growing faster (revenue YoY)
MPW
MPW
+16.6% gap
MPW
16.6%
-0.0%
KAI
Higher net margin
KAI
KAI
3.7% more per $
KAI
10.2%
6.5%
MPW
Faster 2-yr revenue CAGR
KAI
KAI
Annualised
KAI
6.7%
-0.2%
MPW

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
KAI
KAI
MPW
MPW
Revenue
$271.6M
$270.3M
Net Profit
$27.7M
$17.6M
Gross Margin
45.2%
95.8%
Operating Margin
15.7%
9.7%
Net Margin
10.2%
6.5%
Revenue YoY
-0.0%
16.6%
Net Profit YoY
-12.2%
104.3%
EPS (diluted)
$2.35
$0.03

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
KAI
KAI
MPW
MPW
Q4 25
$270.3M
Q3 25
$271.6M
$237.5M
Q2 25
$255.3M
$240.4M
Q1 25
$239.2M
$223.8M
Q4 24
$258.0M
$231.8M
Q3 24
$271.6M
$225.8M
Q2 24
$274.8M
$266.6M
Q1 24
$249.0M
$271.3M
Net Profit
KAI
KAI
MPW
MPW
Q4 25
$17.6M
Q3 25
$27.7M
$-77.7M
Q2 25
$26.2M
$-98.4M
Q1 25
$24.1M
$-118.3M
Q4 24
$24.0M
$-412.3M
Q3 24
$31.6M
$-801.2M
Q2 24
$31.3M
$-320.6M
Q1 24
$24.7M
$-875.6M
Gross Margin
KAI
KAI
MPW
MPW
Q4 25
95.8%
Q3 25
45.2%
Q2 25
45.9%
91.8%
Q1 25
46.1%
63.6%
Q4 24
43.4%
90.9%
Q3 24
44.7%
96.5%
Q2 24
44.4%
98.4%
Q1 24
44.6%
84.9%
Operating Margin
KAI
KAI
MPW
MPW
Q4 25
9.7%
Q3 25
15.7%
-28.0%
Q2 25
15.4%
-36.7%
Q1 25
14.9%
-48.5%
Q4 24
14.3%
-173.7%
Q3 24
18.0%
-350.7%
Q2 24
17.6%
-114.5%
Q1 24
14.8%
-318.6%
Net Margin
KAI
KAI
MPW
MPW
Q4 25
6.5%
Q3 25
10.2%
-32.7%
Q2 25
10.2%
-40.9%
Q1 25
10.1%
-52.8%
Q4 24
9.3%
-177.8%
Q3 24
11.6%
-354.8%
Q2 24
11.4%
-120.3%
Q1 24
9.9%
-322.7%
EPS (diluted)
KAI
KAI
MPW
MPW
Q4 25
$0.03
Q3 25
$2.35
$-0.13
Q2 25
$2.22
$-0.16
Q1 25
$2.04
$-0.20
Q4 24
$2.04
$-0.68
Q3 24
$2.68
$-1.34
Q2 24
$2.66
$-0.54
Q1 24
$2.10
$-1.46

Balance Sheet & Financial Strength

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

Metric
KAI
KAI
MPW
MPW
Cash + ST InvestmentsLiquidity on hand
$124.5M
$540.9M
Total DebtLower is stronger
$254.6M
$9.7B
Stockholders' EquityBook value
$949.8M
$4.6B
Total Assets
$1.5B
$15.0B
Debt / EquityLower = less leverage
0.27×
2.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KAI
KAI
MPW
MPW
Q4 25
$540.9M
Q3 25
$124.5M
$396.6M
Q2 25
$95.3M
$509.8M
Q1 25
$91.7M
$673.5M
Q4 24
$94.7M
$332.3M
Q3 24
$88.4M
$275.6M
Q2 24
$73.8M
$606.5M
Q1 24
$81.4M
$224.3M
Total Debt
KAI
KAI
MPW
MPW
Q4 25
$9.7B
Q3 25
$254.6M
$9.6B
Q2 25
$245.7M
$9.6B
Q1 25
$273.5M
$9.5B
Q4 24
$285.2M
$8.8B
Q3 24
$323.2M
$9.2B
Q2 24
$342.0M
$9.4B
Q1 24
$306.8M
$10.1B
Stockholders' Equity
KAI
KAI
MPW
MPW
Q4 25
$4.6B
Q3 25
$949.8M
$4.7B
Q2 25
$926.0M
$4.8B
Q1 25
$876.0M
$4.8B
Q4 24
$847.1M
$4.8B
Q3 24
$851.7M
$5.4B
Q2 24
$807.7M
$6.2B
Q1 24
$782.7M
$6.7B
Total Assets
KAI
KAI
MPW
MPW
Q4 25
$15.0B
Q3 25
$1.5B
$14.9B
Q2 25
$1.5B
$15.2B
Q1 25
$1.4B
$14.9B
Q4 24
$1.4B
$14.3B
Q3 24
$1.5B
$15.2B
Q2 24
$1.5B
$16.2B
Q1 24
$1.4B
$17.3B
Debt / Equity
KAI
KAI
MPW
MPW
Q4 25
2.11×
Q3 25
0.27×
2.06×
Q2 25
0.27×
2.00×
Q1 25
0.31×
1.99×
Q4 24
0.34×
1.83×
Q3 24
0.38×
1.69×
Q2 24
0.42×
1.51×
Q1 24
0.39×
1.51×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KAI
KAI
MPW
MPW
Operating Cash FlowLast quarter
$47.3M
$230.8M
Free Cash FlowOCF − Capex
$44.1M
FCF MarginFCF / Revenue
16.2%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
1.70×
13.11×
TTM Free Cash FlowTrailing 4 quarters
$145.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KAI
KAI
MPW
MPW
Q4 25
$230.8M
Q3 25
$47.3M
$18.6M
Q2 25
$40.5M
$51.7M
Q1 25
$22.8M
$384.0K
Q4 24
$51.9M
$245.5M
Q3 24
$52.5M
$59.2M
Q2 24
$28.1M
$35.3M
Q1 24
$22.8M
$74.3M
Free Cash Flow
KAI
KAI
MPW
MPW
Q4 25
Q3 25
$44.1M
Q2 25
$36.5M
Q1 25
$19.0M
Q4 24
$46.3M
Q3 24
$48.3M
Q2 24
$23.1M
Q1 24
$16.6M
FCF Margin
KAI
KAI
MPW
MPW
Q4 25
Q3 25
16.2%
Q2 25
14.3%
Q1 25
7.9%
Q4 24
17.9%
Q3 24
17.8%
Q2 24
8.4%
Q1 24
6.7%
Capex Intensity
KAI
KAI
MPW
MPW
Q4 25
Q3 25
1.2%
Q2 25
1.6%
Q1 25
1.6%
Q4 24
2.2%
Q3 24
1.5%
Q2 24
1.8%
Q1 24
2.5%
Cash Conversion
KAI
KAI
MPW
MPW
Q4 25
13.11×
Q3 25
1.70×
Q2 25
1.55×
Q1 25
0.95×
Q4 24
2.16×
Q3 24
1.66×
Q2 24
0.90×
Q1 24
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KAI
KAI

Flow Control$94.8M35%
Capital$83.2M31%
Material Handling Systems$70.3M26%
Transferred Over Time$17.1M6%
Other$6.1M2%

MPW
MPW

Segment breakdown not available.

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