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.