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Side-by-side financial comparison of KADANT INC (KAI) and W. P. Carey Inc. (WPC). Click either name above to swap in a different company.

W. P. Carey Inc. is the larger business by last-quarter revenue ($444.5M vs $271.6M, roughly 1.6× KADANT INC). W. P. Carey Inc. runs the higher net margin — 33.4% vs 10.2%, a 23.2% gap on every dollar of revenue. On growth, W. P. Carey Inc. posted the faster year-over-year revenue change (9.4% vs -0.0%). Over the past eight quarters, W. P. Carey Inc.'s revenue compounded faster (6.8% CAGR vs 6.7%).

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.

W. P. Carey is a real estate investment trust that invests in properties leased to single tenants via NNN leases. The company is organized in Maryland, with its primary office in New York City.

KAI vs WPC — Head-to-Head

Bigger by revenue
WPC
WPC
1.6× larger
WPC
$444.5M
$271.6M
KAI
Growing faster (revenue YoY)
WPC
WPC
+9.5% gap
WPC
9.4%
-0.0%
KAI
Higher net margin
WPC
WPC
23.2% more per $
WPC
33.4%
10.2%
KAI
Faster 2-yr revenue CAGR
WPC
WPC
Annualised
WPC
6.8%
6.7%
KAI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
KAI
KAI
WPC
WPC
Revenue
$271.6M
$444.5M
Net Profit
$27.7M
$148.3M
Gross Margin
45.2%
Operating Margin
15.7%
34.5%
Net Margin
10.2%
33.4%
Revenue YoY
-0.0%
9.4%
Net Profit YoY
-12.2%
215.4%
EPS (diluted)
$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
KAI
KAI
WPC
WPC
Q4 25
$444.5M
Q3 25
$271.6M
$431.3M
Q2 25
$255.3M
$430.8M
Q1 25
$239.2M
$409.9M
Q4 24
$258.0M
$406.2M
Q3 24
$271.6M
$397.4M
Q2 24
$274.8M
$389.7M
Q1 24
$249.0M
$389.8M
Net Profit
KAI
KAI
WPC
WPC
Q4 25
$148.3M
Q3 25
$27.7M
$141.0M
Q2 25
$26.2M
$51.2M
Q1 25
$24.1M
$125.8M
Q4 24
$24.0M
$47.0M
Q3 24
$31.6M
$111.7M
Q2 24
$31.3M
$142.9M
Q1 24
$24.7M
$159.2M
Gross Margin
KAI
KAI
WPC
WPC
Q4 25
Q3 25
45.2%
Q2 25
45.9%
Q1 25
46.1%
Q4 24
43.4%
Q3 24
44.7%
Q2 24
44.4%
Q1 24
44.6%
Operating Margin
KAI
KAI
WPC
WPC
Q4 25
34.5%
Q3 25
15.7%
34.7%
Q2 25
15.4%
15.0%
Q1 25
14.9%
33.5%
Q4 24
14.3%
13.5%
Q3 24
18.0%
30.4%
Q2 24
17.6%
38.3%
Q1 24
14.8%
43.0%
Net Margin
KAI
KAI
WPC
WPC
Q4 25
33.4%
Q3 25
10.2%
32.7%
Q2 25
10.2%
11.9%
Q1 25
10.1%
30.7%
Q4 24
9.3%
11.6%
Q3 24
11.6%
28.1%
Q2 24
11.4%
36.7%
Q1 24
9.9%
40.8%
EPS (diluted)
KAI
KAI
WPC
WPC
Q4 25
Q3 25
$2.35
Q2 25
$2.22
Q1 25
$2.04
Q4 24
$2.04
Q3 24
$2.68
Q2 24
$2.66
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
WPC
WPC
Cash + ST InvestmentsLiquidity on hand
$124.5M
$155.3M
Total DebtLower is stronger
$254.6M
$8.7B
Stockholders' EquityBook value
$949.8M
$8.1B
Total Assets
$1.5B
$18.0B
Debt / EquityLower = less leverage
0.27×
1.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KAI
KAI
WPC
WPC
Q4 25
$155.3M
Q3 25
$124.5M
$249.0M
Q2 25
$95.3M
$244.8M
Q1 25
$91.7M
$187.8M
Q4 24
$94.7M
$640.4M
Q3 24
$88.4M
$818.2M
Q2 24
$73.8M
$1.1B
Q1 24
$81.4M
$777.0M
Total Debt
KAI
KAI
WPC
WPC
Q4 25
$8.7B
Q3 25
$254.6M
$8.7B
Q2 25
$245.7M
$8.6B
Q1 25
$273.5M
$7.9B
Q4 24
$285.2M
$8.0B
Q3 24
$323.2M
$8.0B
Q2 24
$342.0M
$8.1B
Q1 24
$306.8M
$7.9B
Stockholders' Equity
KAI
KAI
WPC
WPC
Q4 25
$8.1B
Q3 25
$949.8M
$8.2B
Q2 25
$926.0M
$8.2B
Q1 25
$876.0M
$8.4B
Q4 24
$847.1M
$8.4B
Q3 24
$851.7M
$8.6B
Q2 24
$807.7M
$8.6B
Q1 24
$782.7M
$8.7B
Total Assets
KAI
KAI
WPC
WPC
Q4 25
$18.0B
Q3 25
$1.5B
$18.0B
Q2 25
$1.5B
$18.0B
Q1 25
$1.4B
$17.3B
Q4 24
$1.4B
$17.5B
Q3 24
$1.5B
$17.6B
Q2 24
$1.5B
$17.8B
Q1 24
$1.4B
$17.6B
Debt / Equity
KAI
KAI
WPC
WPC
Q4 25
1.07×
Q3 25
0.27×
1.06×
Q2 25
0.27×
1.05×
Q1 25
0.31×
0.94×
Q4 24
0.34×
0.95×
Q3 24
0.38×
0.93×
Q2 24
0.42×
0.94×
Q1 24
0.39×
0.91×

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
WPC
WPC
Operating Cash FlowLast quarter
$47.3M
$304.6M
Free Cash FlowOCF − Capex
$44.1M
FCF MarginFCF / Revenue
16.2%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
1.70×
2.05×
TTM Free Cash FlowTrailing 4 quarters
$145.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KAI
KAI
WPC
WPC
Q4 25
$304.6M
Q3 25
$47.3M
$300.5M
Q2 25
$40.5M
$404.0M
Q1 25
$22.8M
$273.2M
Q4 24
$51.9M
$296.3M
Q3 24
$52.5M
$280.2M
Q2 24
$28.1M
$221.0M
Q1 24
$22.8M
$1.0B
Free Cash Flow
KAI
KAI
WPC
WPC
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
WPC
WPC
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
WPC
WPC
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
WPC
WPC
Q4 25
2.05×
Q3 25
1.70×
2.13×
Q2 25
1.55×
7.89×
Q1 25
0.95×
2.17×
Q4 24
2.16×
6.30×
Q3 24
1.66×
2.51×
Q2 24
0.90×
1.55×
Q1 24
0.92×
6.50×

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%

WPC
WPC

Segment breakdown not available.

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