HIGHBuilt-inGeographic
57%
non-U.S. markets
“10-K Item 1A: '57 percent of our consolidated sales were derived from non-U.S. markets'”
KMT · Concentration risk · 10-K extracted
Kennametal (KMT) concentration risks
Updated
The most significant concentration Kennametal discloses is non-U.S. markets at 57%, classified HIGH 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: Kennametal’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
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).
MEDIUMOutside partySupplier
tungsten supply concentrated in China
“10-K Item 1A: 'A significant portion of our raw materials is supplied by sources outside of the U.S., including tungsten, the global supply of which is concentrated in China.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-08-23Kennametal's concentration risk is primarily geographic rather than customer-driven. Non-U.S. markets accounted for 57% of consolidated sales, a high-share, structural exposure that ties more than half of the business to international economic and currency conditions rather than any single customer relationship. A separate, more idiosyncratic exposure sits in the supply chain: a significant portion of raw materials — including tungsten, whose global supply is concentrated in China — comes from sources outside the U.S., a medium-share dependency that is more counterparty- and geopolitically-sensitive than the broader international sales base, since it hinges specifically on Chinese tungsten supply rather than diversified global demand. Together, these two exposures point in different directions: the non-U.S. sales concentration is a macro, demand-side exposure that scales with global industrial activity, while the tungsten sourcing concentration is a narrower, supply-side risk that could compress margins or availability if Chinese export policy or pricing shifted. With no customer-specific concentration disclosed here, Kennametal's risk profile is shaped mainly by where it sells and where its raw materials originate.
For the engine’s reasoning on KMT’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Tools & Accessories
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| SWK | Stanley Black & Decker, Inc. | 2 | 1 | 2 | 5 |
| KMT● | Kennametal Inc. | 1 | 1 | 0 | 2 |
| RBC | RBC Bearings Incorporated | 1 | 1 | 0 | 2 |
| SNA | Snap-On Incorporated | 1 | 1 | 0 | 2 |
| HLMN | Hillman Solutions Corp. | 0 | 2 | 2 | 4 |
| LECO | Lincoln Electric Holdings, Inc. | 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.