MEDIUMBuilt-inGeographic
50%
customers outside the United States
“10-K Item 1: 'Approximately 50% in 2025 and 2024 and 53% in 2023 of our consolidated revenue was to customers outside the United States, principally in Europe, Asia and Canada'”
KAI · Concentration risk · 10-K extracted
Kadant (KAI) concentration risks
Updated
The most significant concentration Kadant discloses is customers outside the United States at 50%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Kadant’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH0
MEDIUM2
LOW2
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inProduct / Revenue mix
29%
capital equipment
“10-K Item 1A: 'Approximately 29% of our revenue in 2025 was from the sale of capital equipment to be used in process industries'”
LOWBuilt-inProduct / Revenue mix
22%
Wood Processing product line
“10-K Item 1A: 'Approximately 22% of our revenue in 2025 was from our Wood Processing product line'”
LOWOutside partyCustomer
12%
two largest OSB customers
“10-K Item 1A: 'As a percentage of our Industrial Processing segment revenues, the two largest OSB customers together accounted for 12% in 2025, 13% in 2024, and 10% in 2023'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile spans geographic sales, product mix, and customer dependency, with the international geographic exposure carrying the highest disclosed share. Approximately 50% of consolidated revenue in 2025 came from customers outside the United States, principally in Europe, Asia, and Canada, a moderate share by disclosed size with a structural character — reflecting where the company's industrial end-markets are situated rather than reliance on specific overseas counterparties. Within the product mix, two lines carry moderate and low disclosed shares respectively. Capital equipment represented approximately 29% of revenue in 2025, a moderate structural concentration that moves with customers' capital expenditure cycles. The Wood Processing product line contributed approximately 22% of 2025 revenue, a low share by disclosed size, also structural in character — tied to activity in the wood products industry rather than any individual customer. The one disclosed customer dependency is low in relative size: the two largest OSB customers together accounted for 12% of Industrial Processing segment revenues in 2025. Because this is expressed as a segment-level percentage rather than a share of total company revenue, the impact on the consolidated business is even smaller than the segment figure implies. Taken together, the profile reflects a company with moderate international and capital-equipment cycle exposure and low customer concentration. The dominant watch variables are global industrial spending trends and wood products end-market demand, rather than any single-name customer or supplier relationship.
For the engine’s reasoning on KAI’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Industrial Machinery
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CMI | Cummins Inc. | 2 | 1 | 0 | 3 |
| AOS | A.O. Smith Corporation | 1 | 1 | 1 | 3 |
| KAI● | Kadant Inc | 0 | 2 | 2 | 4 |
| CR | Crane Company | 0 | 1 | 0 | 1 |
| AME | AMETEK, Inc. | 0 | 0 | 1 | 1 |
| BW | Babcock & Wilcox Enterprises, I | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.