Kennametal vs SPX Technologies
Kennametal reported revenue of $2.4 billion in fiscal 2026, about the same as SPX Technologies' $2.3 billion in fiscal 2025. Kennametal's revenue grew 19.8% in its latest year, and SPX Technologies' grew 14.2%. Kennametal had an operating margin of 20.1%, against 15.5% at SPX Technologies. Free cash flow was −$81 million at Kennametal and $241 million at SPX Technologies. Their fiscal years end in different months (June 30 and December 31), so the periods don't line up exactly.
Side by side
| Kennametal | SPX Technologies | |
|---|---|---|
| Latest fiscal year | FY2026, Jun 30, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $2.4B | $2.3B |
| Revenue growth | 19.8% | 14.2% |
| Revenue growth a year, last 5 years | 5.1% | 15.0% |
| Gross margin | 41.2% | 40.5% |
| Operating margin | 20.1% | 15.5% |
| Net margin | 14.5% | 10.8% |
| Free cash flow | −$81M | $241M |
| Free cash flow margin | −3.4% | 10.7% |
| Return on capital | 18.0% | 13.0% |
| Net debt to EBITDA | 1.0x | 0.3x |
| Dividends and buybacks | $71M | $0M |
| Change in diluted share count | −0.6% | 3.0% |
| Last close | $23.00 | $142.71 |
| P/E at the last close | 3.0× | 24.1× |
| Insider trades, last 12 months | bought $520,118, sold $5.7 million | bought $493,020, sold $19.9 million |
| Piotroski F-score | 6 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
KennametalSPX Technologies
Operating margin
Percent of revenue
KennametalSPX Technologies
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
KennametalSPX Technologies
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Kennametal and SPX Technologies pages.