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

WEBTOON Entertainment Inc. is the larger business by last-quarter revenue ($330.7M vs $271.6M, roughly 1.2× KADANT INC). KADANT INC runs the higher net margin — 10.2% vs -93.0%, a 103.2% gap on every dollar of revenue. KADANT INC produced more free cash flow last quarter ($44.1M vs $7.0M).

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.

Webtoon is a South Korean-American webtoon platform launched in 2004 by Naver Corporation, providing hosting for webtoons and compact digital comics. The platform, controlled by Naver and the Naver-SoftBank Group joint venture LY Corporation through a Delaware-domiciled, Los Angeles, California-headquartered holding company Webtoon Entertainment Inc., is free and can be found both on the web at Webtoons.com and on mobile devices available for both Android and iOS.

KAI vs WBTN — Head-to-Head

Bigger by revenue
WBTN
WBTN
1.2× larger
WBTN
$330.7M
$271.6M
KAI
Higher net margin
KAI
KAI
103.2% more per $
KAI
10.2%
-93.0%
WBTN
More free cash flow
KAI
KAI
$37.1M more FCF
KAI
$44.1M
$7.0M
WBTN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
KAI
KAI
WBTN
WBTN
Revenue
$271.6M
$330.7M
Net Profit
$27.7M
$-307.6M
Gross Margin
45.2%
24.3%
Operating Margin
15.7%
-4.0%
Net Margin
10.2%
-93.0%
Revenue YoY
-0.0%
Net Profit YoY
-12.2%
EPS (diluted)
$2.35
$-2.37

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
WBTN
WBTN
Q4 25
$330.7M
Q3 25
$271.6M
$378.0M
Q2 25
$255.3M
$348.3M
Q1 25
$239.2M
$325.7M
Q4 24
$258.0M
Q3 24
$271.6M
$347.9M
Q2 24
$274.8M
$321.0M
Q1 24
$249.0M
Net Profit
KAI
KAI
WBTN
WBTN
Q4 25
$-307.6M
Q3 25
$27.7M
$-11.6M
Q2 25
$26.2M
$-4.3M
Q1 25
$24.1M
$-22.4M
Q4 24
$24.0M
Q3 24
$31.6M
$19.8M
Q2 24
$31.3M
$-76.9M
Q1 24
$24.7M
Gross Margin
KAI
KAI
WBTN
WBTN
Q4 25
24.3%
Q3 25
45.2%
21.9%
Q2 25
45.9%
25.1%
Q1 25
46.1%
22.0%
Q4 24
43.4%
Q3 24
44.7%
26.3%
Q2 24
44.4%
25.9%
Q1 24
44.6%
Operating Margin
KAI
KAI
WBTN
WBTN
Q4 25
-4.0%
Q3 25
15.7%
-3.9%
Q2 25
15.4%
-2.5%
Q1 25
14.9%
-8.2%
Q4 24
14.3%
Q3 24
18.0%
-2.3%
Q2 24
17.6%
-24.6%
Q1 24
14.8%
Net Margin
KAI
KAI
WBTN
WBTN
Q4 25
-93.0%
Q3 25
10.2%
-3.1%
Q2 25
10.2%
-1.2%
Q1 25
10.1%
-6.9%
Q4 24
9.3%
Q3 24
11.6%
5.7%
Q2 24
11.4%
-24.0%
Q1 24
9.9%
EPS (diluted)
KAI
KAI
WBTN
WBTN
Q4 25
$-2.37
Q3 25
$2.35
$-0.09
Q2 25
$2.22
$-0.03
Q1 25
$2.04
$-0.17
Q4 24
$2.04
Q3 24
$2.68
$0.15
Q2 24
$2.66
$-0.70
Q1 24
$2.10

Balance Sheet & Financial Strength

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

Metric
KAI
KAI
WBTN
WBTN
Cash + ST InvestmentsLiquidity on hand
$124.5M
$581.8M
Total DebtLower is stronger
$254.6M
Stockholders' EquityBook value
$949.8M
$1.2B
Total Assets
$1.5B
$1.6B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KAI
KAI
WBTN
WBTN
Q4 25
$581.8M
Q3 25
$124.5M
$584.6M
Q2 25
$95.3M
$581.5M
Q1 25
$91.7M
$550.1M
Q4 24
$94.7M
Q3 24
$88.4M
$585.5M
Q2 24
$73.8M
$572.3M
Q1 24
$81.4M
Total Debt
KAI
KAI
WBTN
WBTN
Q4 25
Q3 25
$254.6M
Q2 25
$245.7M
Q1 25
$273.5M
Q4 24
$285.2M
Q3 24
$323.2M
Q2 24
$342.0M
Q1 24
$306.8M
Stockholders' Equity
KAI
KAI
WBTN
WBTN
Q4 25
$1.2B
Q3 25
$949.8M
$1.5B
Q2 25
$926.0M
$1.5B
Q1 25
$876.0M
$1.5B
Q4 24
$847.1M
Q3 24
$851.7M
$1.6B
Q2 24
$807.7M
$1.5B
Q1 24
$782.7M
Total Assets
KAI
KAI
WBTN
WBTN
Q4 25
$1.6B
Q3 25
$1.5B
$2.0B
Q2 25
$1.5B
$2.0B
Q1 25
$1.4B
$1.9B
Q4 24
$1.4B
Q3 24
$1.5B
$2.1B
Q2 24
$1.5B
$2.0B
Q1 24
$1.4B
Debt / Equity
KAI
KAI
WBTN
WBTN
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
KAI
KAI
WBTN
WBTN
Operating Cash FlowLast quarter
$47.3M
$7.6M
Free Cash FlowOCF − Capex
$44.1M
$7.0M
FCF MarginFCF / Revenue
16.2%
2.1%
Capex IntensityCapex / Revenue
1.2%
0.2%
Cash ConversionOCF / Net Profit
1.70×
TTM Free Cash FlowTrailing 4 quarters
$145.9M
$3.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KAI
KAI
WBTN
WBTN
Q4 25
$7.6M
Q3 25
$47.3M
$16.5M
Q2 25
$40.5M
$5.7M
Q1 25
$22.8M
$-18.7M
Q4 24
$51.9M
Q3 24
$52.5M
$4.1M
Q2 24
$28.1M
Q1 24
$22.8M
Free Cash Flow
KAI
KAI
WBTN
WBTN
Q4 25
$7.0M
Q3 25
$44.1M
$11.8M
Q2 25
$36.5M
$3.9M
Q1 25
$19.0M
$-19.2M
Q4 24
$46.3M
Q3 24
$48.3M
$3.5M
Q2 24
$23.1M
Q1 24
$16.6M
FCF Margin
KAI
KAI
WBTN
WBTN
Q4 25
2.1%
Q3 25
16.2%
3.1%
Q2 25
14.3%
1.1%
Q1 25
7.9%
-5.9%
Q4 24
17.9%
Q3 24
17.8%
1.0%
Q2 24
8.4%
Q1 24
6.7%
Capex Intensity
KAI
KAI
WBTN
WBTN
Q4 25
0.2%
Q3 25
1.2%
1.2%
Q2 25
1.6%
0.5%
Q1 25
1.6%
0.2%
Q4 24
2.2%
Q3 24
1.5%
0.2%
Q2 24
1.8%
Q1 24
2.5%
Cash Conversion
KAI
KAI
WBTN
WBTN
Q4 25
Q3 25
1.70×
Q2 25
1.55×
Q1 25
0.95×
Q4 24
2.16×
Q3 24
1.66×
0.21×
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%

WBTN
WBTN

Other$158.3M48%
KR$125.7M38%
IP Adaptations$25.4M8%
Related Party$21.3M6%

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