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Side-by-side financial comparison of KENNAMETAL INC (KMT) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
KENNAMETAL INC is the larger business by last-quarter revenue ($529.5M vs $340.0M, roughly 1.6× Walker & Dunlop, Inc.). KENNAMETAL INC runs the higher net margin — 6.4% vs -12.9%, a 19.3% gap on every dollar of revenue. On growth, KENNAMETAL INC posted the faster year-over-year revenue change (9.8% vs -0.4%). KENNAMETAL INC produced more free cash flow last quarter ($42.4M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 1.3%).
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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
KMT vs WD — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $529.5M | $340.0M |
| Net Profit | $33.9M | $-13.9M |
| Gross Margin | 32.8% | — |
| Operating Margin | 9.9% | -17.2% |
| Net Margin | 6.4% | -12.9% |
| Revenue YoY | 9.8% | -0.4% |
| Net Profit YoY | 89.0% | -131.0% |
| EPS (diluted) | $0.44 | $-0.41 |
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.
| Q4 25 | $529.5M | $340.0M | ||
| Q3 25 | $498.0M | $337.7M | ||
| Q2 25 | $516.4M | $319.2M | ||
| Q1 25 | $486.4M | $237.4M | ||
| Q4 24 | $482.1M | $341.5M | ||
| Q3 24 | $481.9M | $292.3M | ||
| Q2 24 | $543.3M | $270.7M | ||
| Q1 24 | $515.8M | $228.1M |
| Q4 25 | $33.9M | $-13.9M | ||
| Q3 25 | $23.3M | $33.5M | ||
| Q2 25 | $21.6M | $34.0M | ||
| Q1 25 | $31.5M | $2.8M | ||
| Q4 24 | $17.9M | $44.8M | ||
| Q3 24 | $22.1M | $28.8M | ||
| Q2 24 | $37.2M | $22.7M | ||
| Q1 24 | $19.0M | $11.9M |
| 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 24 | 29.7% | — |
| Q4 25 | 9.9% | -17.2% | ||
| Q3 25 | 7.5% | 13.6% | ||
| Q2 25 | 6.1% | 14.5% | ||
| Q1 25 | 9.1% | 2.2% | ||
| Q4 24 | 6.6% | 15.3% | ||
| Q3 24 | 7.5% | 12.8% | ||
| Q2 24 | 11.3% | 10.4% | ||
| Q1 24 | 6.8% | 6.0% |
| Q4 25 | 6.4% | -12.9% | ||
| Q3 25 | 4.7% | 9.9% | ||
| Q2 25 | 4.2% | 10.6% | ||
| Q1 25 | 6.5% | 1.2% | ||
| Q4 24 | 3.7% | 13.1% | ||
| Q3 24 | 4.6% | 9.9% | ||
| Q2 24 | 6.8% | 8.4% | ||
| Q1 24 | 3.7% | 5.2% |
| Q4 25 | $0.44 | $-0.41 | ||
| Q3 25 | $0.30 | $0.98 | ||
| Q2 25 | $0.28 | $0.99 | ||
| Q1 25 | $0.41 | $0.08 | ||
| Q4 24 | $0.23 | $1.32 | ||
| Q3 24 | $0.28 | $0.85 | ||
| Q2 24 | $0.47 | $0.67 | ||
| Q1 24 | $0.24 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | $597.2M | — |
| Stockholders' EquityBook value | $1.3B | $1.7B |
| Total Assets | $2.6B | $5.1B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $129.3M | $299.3M | ||
| Q3 25 | $103.5M | $274.8M | ||
| Q2 25 | $140.5M | $233.7M | ||
| Q1 25 | $97.5M | $181.0M | ||
| Q4 24 | $121.2M | $279.3M | ||
| Q3 24 | $119.6M | $179.8M | ||
| Q2 24 | $128.0M | $208.1M | ||
| Q1 24 | $92.1M | $216.5M |
| 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 24 | $595.8M | — |
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.2B | $1.7B | ||
| Q1 24 | $1.3B | $1.7B |
| Q4 25 | $2.6B | $5.1B | ||
| Q3 25 | $2.5B | $5.8B | ||
| Q2 25 | $2.5B | $4.7B | ||
| Q1 25 | $2.5B | $4.5B | ||
| Q4 24 | $2.4B | $4.4B | ||
| Q3 24 | $2.5B | $4.6B | ||
| Q2 24 | $2.5B | $4.2B | ||
| Q1 24 | $2.5B | $3.8B |
| 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× | — | ||
| Q1 24 | 0.47× | — |
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 | $-664.3M |
| Free Cash FlowOCF − Capex | $42.4M | $-680.1M |
| FCF MarginFCF / Revenue | 8.0% | -200.0% |
| Capex IntensityCapex / Revenue | 2.4% | 4.6% |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $99.3M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.1M | $-664.3M | ||
| Q3 25 | $17.5M | $-948.1M | ||
| Q2 25 | $78.6M | $-238.5M | ||
| Q1 25 | $28.8M | $-281.1M | ||
| Q4 24 | $55.2M | $129.4M | ||
| Q3 24 | $45.7M | $-202.0M | ||
| Q2 24 | $113.6M | $-237.8M | ||
| Q1 24 | $75.2M | $38.4M |
| Q4 25 | $42.4M | $-680.1M | ||
| Q3 25 | $-5.5M | $-950.4M | ||
| Q2 25 | $57.1M | $-241.0M | ||
| Q1 25 | $5.3M | $-284.7M | ||
| Q4 24 | $35.9M | $116.4M | ||
| Q3 24 | $21.0M | $-204.0M | ||
| Q2 24 | $90.3M | $-241.7M | ||
| Q1 24 | $48.4M | $35.2M |
| Q4 25 | 8.0% | -200.0% | ||
| Q3 25 | -1.1% | -281.5% | ||
| Q2 25 | 11.1% | -75.5% | ||
| Q1 25 | 1.1% | -120.0% | ||
| Q4 24 | 7.5% | 34.1% | ||
| Q3 24 | 4.4% | -69.8% | ||
| Q2 24 | 16.6% | -89.3% | ||
| Q1 24 | 9.4% | 15.4% |
| Q4 25 | 2.4% | 4.6% | ||
| Q3 25 | 4.6% | 0.7% | ||
| Q2 25 | 4.2% | 0.8% | ||
| Q1 25 | 4.8% | 1.5% | ||
| Q4 24 | 4.0% | 3.8% | ||
| Q3 24 | 5.1% | 0.7% | ||
| Q2 24 | 4.3% | 1.4% | ||
| Q1 24 | 5.2% | 1.4% |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 0.75× | -28.34× | ||
| Q2 25 | 3.64× | -7.02× | ||
| Q1 25 | 0.92× | -102.07× | ||
| Q4 24 | 3.08× | 2.89× | ||
| Q3 24 | 2.07× | -7.01× | ||
| Q2 24 | 3.06× | -10.49× | ||
| Q1 24 | 3.96× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KMT
| Metal Cutting | $331.1M | 63% |
| Infrastructure | $198.5M | 37% |
WD
Segment breakdown not available.
