Kennametal Inc (KMT)

Net profit margin

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020
Net income (ttm) US$ in thousands 93,125 108,715 96,209 101,389 109,323 108,568 121,529 120,320 118,459 123,741 127,099 136,621 144,623 138,015 124,341 112,308 54,435 10,228 -8,476 -33,803
Revenue (ttm) US$ in thousands 1,966,846 1,993,706 2,023,101 2,036,370 2,046,898 2,053,824 2,074,066 2,075,867 2,078,183 2,057,965 2,034,188 2,023,740 2,012,457 1,998,412 1,970,811 1,924,645 1,841,441 1,704,523 1,702,949 1,767,522
Net profit margin 4.73% 5.45% 4.76% 4.98% 5.34% 5.29% 5.86% 5.80% 5.70% 6.01% 6.25% 6.75% 7.19% 6.91% 6.31% 5.84% 2.96% 0.60% -0.50% -1.91%

June 30, 2025 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $93,125K ÷ $1,966,846K
= 4.73%

The net profit margin of Kennametal Inc. has exhibited a notable improvement from negative territory in 2020 to sustained positive levels through subsequent periods. Specifically, the margin was initially recorded at -1.91% as of September 30, 2020, reflecting losses relative to revenues during that quarter. This negative margin narrowed further to -0.50% by December 31, 2020, indicating a reduction in losses.

Between the first quarter of 2021 and the third quarter of 2021, the company transitioned from losses into profitability, with the net profit margin ranging from 0.60% in March 2021 to 5.84% in September 2021. This upward trajectory continued into 2022, with margins reaching approximately 6.91% by the end of the first quarter and maintaining a high level of around 7.19% in June 2022.

However, starting in late 2022 and into 2023, a gradual decline in net profit margin is observed, decreasing from approximately 6.75% in September 2022 to 6.01% in March 2023. The margin continued to decline through 2024, with figures such as 5.29% in March 2024 and 4.76% in December 2024. Despite this downward trend, the margins have remained positive, indicating ongoing profitability.

In the most recent periods, the net profit margin stabilized somewhat, recorded at 5.80% in September 2023, 5.29% in March 2024, and slightly above 4.73% in June 2025. The figures suggest that while the company recovered from early losses and achieved robust profitability in 2021 and early 2022, there has been a modest but steady decline in profitability margins afterward, potentially reflecting increased costs, competitive pressures, or other operational factors. Nonetheless, the persistent positive margins demonstrate that Kennametal Inc. has maintained its profitability over the observed period.