What is Kennametal's work in process?

Kennametal (KMT) reported work in process of $392.92M in Q1 2026.

How has Kennametal's work in process changed year-over-year?

Kennametal's work in process increased by 62.9% year-over-year, from $241.16M to $392.92M.

What is the long-term trend for Kennametal's work in process?

Over 4 years (2021 to 2025), Kennametal's work in process has grown at a 6.8% compound annual growth rate (CAGR), from $173.67M to $225.73M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Kennametal KMT Work in process

Work in process at other companies

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$924M-2.5%

OTT

Otter TailOTTR

$26.77M+20.2%

Worthington SteelWS

$149.4M+6.3%

TerexTEX

$376M+198%

Minerals TechnologiesMTX

$11.2M-28.2%

Mueller IndustriesMLI

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Other financials

Income statement

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Revenue$592.6M+21.8%

Gross profit$208.0M+33.0%

Operating income$79.4M+80.3%

Net income$58.2M+85.0%

EPS (diluted)$0.75+82.9%

Balance sheet

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Cash & equivalents$106.9M+9.6%

Total debt$635.6M+2.2%

Total equity$1.4B+9.5%

Total assets$2.7B+9.6%

Cash flow

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Operating cash flow$55.1M-0.1%

CapEx$18.0M-23.6%

Free cash flow$42.4M+18.0%

Valuation

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Market cap$2.67B+67.1%

Enterprise value$3.2B+51.1%

P/E19.5×+4.8×

P/S1.3×+0.4×

Profitability

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Gross margin31.9%+0.6pp

Operating margin9.4%+0.7pp

Net margin6.4%+1.0pp

FCF margin4.9%-4.8pp

Returns & leverage

See full

Return on equity10.6%+1.9pp

Debt / equity0.5×0.0×

Current ratio2.4×-0.1×

Where this comes from

Reported directly by Kennametal in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: Kennametal’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kennametal's work in process?: Kennametal (KMT) reported work in process of $392.92M in Q1 2026.
How has Kennametal's work in process changed year-over-year?: Kennametal's work in process increased by 62.9% year-over-year, from $241.16M to $392.92M.
What is the long-term trend for Kennametal's work in process?: Over 4 years (2021 to 2025), Kennametal's work in process has grown at a 6.8% compound annual growth rate (CAGR), from $173.67M to $225.73M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.