Kimball Electronics (KE)
Market Price (10/22/2026): $26.48 | Market Cap: $644.2 MilSector: Industrials | Industry: Electrical Components & Equipment
Kimball Electronics (KE)
Market Price (10/22/2026): $26.48Market Cap: $644.2 MilSector: IndustrialsIndustry: Electrical Components & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 48% Megatrend and thematic driversMegatrends include Automation & Robotics, Electric Vehicles & Autonomous Driving, and Digital Health & Telemedicine. Themes include Factory Automation, Show more. | Weak multi-year price returns3Y Excs Rtn is -75% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.7%, Rev Chg QQuarterly Revenue Change % is -2.3% Key risksKE key risks include [1] downwardly revised revenue projections and recent sales declines, Show more. |
| Low stock price volatilityVol 12M is 48% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, Electric Vehicles & Autonomous Driving, and Digital Health & Telemedicine. Themes include Factory Automation, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -75% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.7%, Rev Chg QQuarterly Revenue Change % is -2.3% |
| Key risksKE key risks include [1] downwardly revised revenue projections and recent sales declines, Show more. |
Qualitative Assessment
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Kimball Electronics (KE) stock has gained about 5% since 6/30/2026 because of the following key factors:
1. Strategic Acquisition and Expansion in Medical Sector.
Kimball Electronics acquired Helvoet Polymer Technologies B.V. for approximately $103 million (€90 million) on July 1, 2026, immediately following the close of its fiscal year. This strategic move is expected to be accretive to fiscal Q1 2027 adjusted earnings and is projected to add approximately $60 million in sales to the company's high-growth medical vertical, expanding its global Contract Development and Manufacturing Organization (CDMO) platform.
2. Optimistic Fiscal 2027 Guidance Despite Q4 2026 Earnings Miss.
Despite reporting a fiscal Q4 2026 earnings per share (EPS) of -$0.01, missing analysts' consensus estimates of $0.39, and slightly lower than expected revenue of $371.57 million, Kimball Electronics provided a strong outlook for fiscal 2027. The company guided for net sales in the range of $1.535-$1.56 billion, representing a 7-9% increase over fiscal 2026, driven by anticipated organic sales growth of 3-5% and the accretive impact of the Helvoet acquisition.
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Kimball Electronics (KE) stock has gained about 5% since 6/30/2026 because of the following key factors:
1. Strategic Acquisition and Expansion in Medical Sector.
Kimball Electronics acquired Helvoet Polymer Technologies B.V. for approximately $103 million (€90 million) on July 1, 2026, immediately following the close of its fiscal year. This strategic move is expected to be accretive to fiscal Q1 2027 adjusted earnings and is projected to add approximately $60 million in sales to the company's high-growth medical vertical, expanding its global Contract Development and Manufacturing Organization (CDMO) platform.
2. Optimistic Fiscal 2027 Guidance Despite Q4 2026 Earnings Miss.
Despite reporting a fiscal Q4 2026 earnings per share (EPS) of -$0.01, missing analysts' consensus estimates of $0.39, and slightly lower than expected revenue of $371.57 million, Kimball Electronics provided a strong outlook for fiscal 2027. The company guided for net sales in the range of $1.535-$1.56 billion, representing a 7-9% increase over fiscal 2026, driven by anticipated organic sales growth of 3-5% and the accretive impact of the Helvoet acquisition.
3. Enhanced Financial Health Through Debt Reduction and Strong Cash Flow.
Kimball Electronics demonstrated improved financial stability by achieving its tenth consecutive quarter of positive operating cash flow, generating $42.4 million in fiscal Q4 2026. This robust cash generation contributed to a significant reduction in total debt to $116.6 million, marking its lowest debt level in over four years.
4. Positive Analyst Sentiment and Price Target Revisions.
Following these developments, several financial analysts expressed a positive outlook on Kimball Electronics' stock. Zacks Research upgraded the shares from "hold" to "strong-buy" on July 6, 2026, and Cantor Fitzgerald reissued an "overweight" rating on October 12, 2026. The average 12-month price target for KE reached $32.00, suggesting a potential upside of 13.03% from a recent price of $28.31.
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Stock Movement Drivers
Fundamental Drivers
The 3.4% change in KE stock from 6/30/2026 to 10/21/2026 was primarily driven by a 8.1% change in the company's Net Income Margin (%).| (LTM values as of) | 6302026 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.60 | 26.48 | 3.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,440 | 1,431 | -0.6% |
| Net Income Margin (%) | 1.8% | 2.0% | 8.1% |
| P/E Multiple | 24.1 | 23.0 | -4.3% |
| Shares Outstanding (Mil) | 24 | 24 | 0.6% |
| Cumulative Contribution | 3.4% |
Market Drivers
6/30/2026 to 10/21/2026| Return | Correlation | |
|---|---|---|
| KE | 3.4% | |
| Market (SPY) | 3.5% | 52.1% |
| Sector (XLI) | -9.1% | 53.9% |
Fundamental Drivers
The 11.8% change in KE stock from 3/31/2026 to 10/21/2026 was primarily driven by a 18.4% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.69 | 26.48 | 11.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,462 | 1,431 | -2.1% |
| Net Income Margin (%) | 1.6% | 2.0% | 18.4% |
| P/E Multiple | 24.2 | 23.0 | -4.7% |
| Shares Outstanding (Mil) | 25 | 24 | 1.1% |
| Cumulative Contribution | 11.8% |
Market Drivers
3/31/2026 to 10/21/2026| Return | Correlation | |
|---|---|---|
| KE | 11.8% | |
| Market (SPY) | 19.2% | 45.9% |
| Sector (XLI) | 4.3% | 39.0% |
Fundamental Drivers
The -11.3% change in KE stock from 9/30/2025 to 10/21/2026 was primarily driven by a -46.6% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.86 | 26.48 | -11.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,487 | 1,431 | -3.7% |
| Net Income Margin (%) | 1.1% | 2.0% | 71.0% |
| P/E Multiple | 43.2 | 23.0 | -46.6% |
| Shares Outstanding (Mil) | 25 | 24 | 0.9% |
| Cumulative Contribution | -11.3% |
Market Drivers
9/30/2025 to 10/21/2026| Return | Correlation | |
|---|---|---|
| KE | -11.3% | |
| Market (SPY) | 17.0% | 49.7% |
| Sector (XLI) | 10.1% | 42.3% |
Fundamental Drivers
The -3.3% change in KE stock from 9/30/2023 to 10/21/2026 was primarily driven by a -36.2% change in the company's Net Income Margin (%).| (LTM values as of) | 9302023 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.38 | 26.48 | -3.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,823 | 1,431 | -21.5% |
| Net Income Margin (%) | 3.1% | 2.0% | -36.2% |
| P/E Multiple | 12.3 | 23.0 | 87.8% |
| Shares Outstanding (Mil) | 25 | 24 | 2.8% |
| Cumulative Contribution | -3.3% |
Market Drivers
9/30/2023 to 10/21/2026| Return | Correlation | |
|---|---|---|
| KE | -3.3% | |
| Market (SPY) | 87.1% | 44.8% |
| Sector (XLI) | 72.6% | 44.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KE Return | 36% | 4% | 19% | -31% | 49% | -6% | 64% |
| Peers Return | 32% | 12% | 57% | 78% | 86% | 28% | 887% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| KE Win Rate | 58% | 50% | 50% | 33% | 33% | 30% | |
| Peers Win Rate | 58% | 55% | 62% | 65% | 62% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| KE Max Drawdown | -33% | -27% | -27% | -36% | -34% | -28% | |
| Peers Max Drawdown | -17% | -26% | -23% | -24% | -37% | -36% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: JBL, FLEX, SANM, CLS, PLXS. See KE Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/21/2026 (YTD)
How Low Can It Go
| Event | KE | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -27.4% | -18.8% |
| % Gain to Breakeven | 37.8% | 23.1% |
| Time to Breakeven | 29 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -16.5% | -7.8% |
| % Gain to Breakeven | 19.8% | 8.5% |
| Time to Breakeven | 364 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -22.9% | -9.5% |
| % Gain to Breakeven | 29.8% | 10.5% |
| Time to Breakeven | 669 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -25.5% | -6.7% |
| % Gain to Breakeven | 34.1% | 7.1% |
| Time to Breakeven | 46 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.6% | -24.5% |
| % Gain to Breakeven | 31.0% | 32.4% |
| Time to Breakeven | 92 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.1% | -33.7% |
| % Gain to Breakeven | 56.5% | 50.9% |
| Time to Breakeven | 237 days | 140 days |
In The Past
Kimball Electronics's stock fell -27.4% during the 2025 US Tariff Shock. Such a loss loss requires a 37.8% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | KE | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -27.4% | -18.8% |
| % Gain to Breakeven | 37.8% | 23.1% |
| Time to Breakeven | 29 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -22.9% | -9.5% |
| % Gain to Breakeven | 29.8% | 10.5% |
| Time to Breakeven | 669 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -25.5% | -6.7% |
| % Gain to Breakeven | 34.1% | 7.1% |
| Time to Breakeven | 46 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.6% | -24.5% |
| % Gain to Breakeven | 31.0% | 32.4% |
| Time to Breakeven | 92 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.1% | -33.7% |
| % Gain to Breakeven | 56.5% | 50.9% |
| Time to Breakeven | 237 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.9% | -19.2% |
| % Gain to Breakeven | 33.2% | 23.8% |
| Time to Breakeven | 766 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.1% | -12.2% |
| % Gain to Breakeven | 26.8% | 13.9% |
| Time to Breakeven | 65 days | 62 days |
In The Past
Kimball Electronics's stock fell -27.4% during the 2025 US Tariff Shock. Such a loss loss requires a 37.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Kimball Electronics (KE)
Kimball Electronics, Inc. (KE) is a specialized provider of contract electronics manufacturing services (EMS) and diversified manufacturing solutions. The company partners with clients to bring products to market, offering a full suite of services that span from initial design and rapid prototyping to advanced manufacturing, comprehensive testing, and ongoing supply chain and product lifecycle management. Essentially, Kimball Electronics acts as a critical manufacturing partner for various industries, enabling companies to outsource complex production requirements.
The company's core services encompass design engineering, production and testing of printed circuit board assemblies (PCBAs), and the assembly and packaging of both electronic and non-electronic products. This includes specialized areas such as the manufacturing of medical devices, including drug delivery systems, as well as the design and production of automation equipment, test and inspection equipment, and precision molded plastics. They also offer crucial support services like process validation, reliability testing, and software design.
Kimball Electronics serves a broad and diverse customer base across several key end markets, including automotive, medical, industrial, and public safety sectors. With manufacturing facilities strategically located in the United States, China, Mexico, Poland, Romania, Thailand, and Vietnam, the company maintains a global operational footprint, allowing it to provide localized support and manufacturing capabilities to its international clientele.
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Here are 1-3 brief analogies to describe Kimball Electronics (KE):
- Like a 'Foxconn' for high-reliability products such as medical devices, automotive components, and industrial electronics.
- A manufacturing and design partner for other companies, similar to 'Magna International' but for a broader range of high-tech and medical products.
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- Contract Electronics Manufacturing Services: Provides comprehensive manufacturing solutions for electronic products, including design support, rapid prototyping, PCB assembly, and testing.
- Medical Device Manufacturing: Specializes in the assembly, production, and packaging of medical devices, disposables, and drug delivery solutions, with and without electronics.
- Industrialization and Automation Services: Designs and implements automated manufacturing processes and produces specialized equipment, including test and inspection machinery.
- Precision Molded Plastics: Offers design engineering and manufacturing of custom precision molded plastic components.
- Supply Chain Services: Provides support and management for customers' supply chain needs related to manufacturing operations.
- Product Life Cycle Management Services: Offers services to manage products throughout their entire life cycle, from conception to end-of-life.
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Richard D. Phillips, Chief Executive Officer
Mr. Phillips was appointed Chief Executive Officer and a Director of Kimball Electronics effective March 1, 2023. He brings more than 20 years of experience in executive and advisory roles. Prior to joining Kimball Electronics, he served as President and CEO of Elkay Manufacturing Company from 2019 to 2022, a global manufacturer and distributor, where he also served as a member of the Board of Directors. Before Elkay, he was President, CEO, and a board member for Essendant Inc. (formerly United Stationers Inc.), a Fortune 500 wholesale distributor, from 2017 to 2019, where he led a significant restructuring and rebuilt the company's strategy. He also held various leadership roles at McKinsey & Company, including Partner, and co-led McKinsey's Pharmaceutical and Medical Products Operations practice. His career began at Baxter Healthcare.
Jana T. Croom, Chief Financial Officer
Ms. Croom was appointed Chief Financial Officer effective July 1, 2021. She joined Kimball Electronics in January 2021 as Vice President of Finance. Prior to Kimball Electronics, Ms. Croom held the position of Vice President of Financial Planning and Analysis for NiSource Inc., one of the largest fully regulated utility companies in the United States. From 2012 through 2019, she also held director roles at NiSource in operations planning, state finance, and regulatory affairs. Ms. Croom has over 20 years of experience in various areas of finance.
Steven T. Korn, Chief Operating Officer
Mr. Korn was appointed Chief Operating Officer effective July 1, 2023. He has been with Kimball Electronics since December 2004, serving as President, Global Electronics Manufacturing Services Operations since July 2020. Prior to that, he was Vice President, North American Operations and Global Supply Chain from the company's spin-off in 2014 through 2020, and Vice President, North American Operations since 2007. Mr. Korn possesses over 30 years of experience in Electronics Manufacturing Services (EMS) covering Operations Management, Business Development, and Engineering Management.
Kathy R. Thomson, Chief Commercial Officer
Ms. Thomson was appointed Chief Commercial Officer effective July 1, 2023. She joined Kimball Electronics in 2018 as Vice President, Global Business Development and Design Services. Before joining Kimball Electronics, Ms. Thomson held the position of Vice President of Business Development for Creation Technologies starting in 2012. She has more than 20 years of experience in the Electronics Manufacturing Services (EMS) industry and has held positions of increasing responsibility at Creation Technologies and Plexus Corp.
Douglas A. Hass, Chief Legal & Administrative Officer, Secretary
Mr. Hass was appointed Chief Legal and Administrative Officer and Secretary in 2025. He previously served as the Chief Legal and Compliance Officer and Secretary since 2022. Mr. Hass joined Kimball Electronics in 2020 as Associate General Counsel and Assistant Secretary. From 2016 through 2020, he served as General Counsel and Secretary of Nasdaq-listed Lifeway Foods. In addition to leading the legal team, Mr. Hass is responsible for global safety, environmental, facilities, information technology, and cybersecurity.
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The key risks for Kimball Electronics (KE) include:
- Dependence on customer demand and market cycles: As a contract manufacturer, Kimball Electronics' financial performance is directly linked to the demand for its customers' products across the automotive, medical, industrial, and public safety end markets. Downturns in these key markets or significant reductions in orders from major customers could materially impact its revenue and profitability.
- Global supply chain vulnerabilities and geopolitical risks: Operating manufacturing facilities in diverse locations such as the United States, China, Mexico, Poland, Romania, Thailand, and Vietnam exposes Kimball Electronics to risks associated with disruptions in the global supply chain. This includes potential volatility in the availability and cost of raw materials and components, as well as the impacts of geopolitical tensions, trade policies, tariffs, and political instability in the regions where it operates.
- Intense competition and rapid technological change: The electronics manufacturing services industry is highly competitive and marked by swift technological advancements. Kimball Electronics must continually invest in advanced technologies, manufacturing processes, and a skilled workforce to address evolving customer demands and sustain its competitive advantage. A failure to adapt to these changes or increased competitive pressures could result in a reduction in market share and profitability.
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Kimball Electronics (KE) operates within several significant addressable markets globally and in key regions.
The global Electronics Manufacturing Services (EMS) market, which encompasses Kimball Electronics' core offerings, was estimated at approximately USD 617.90 billion in 2025 and is projected to reach around USD 1,201.16 billion by 2035, growing at a compound annual growth rate (CAGR) of 6.87% from 2026 to 2035. The North America EMS market alone was valued at USD 113.78 billion in 2025 and is expected to grow to USD 159.59 billion by 2031.
For its services in the medical sector, the global medical device contract manufacturing market was valued at USD 100.50 billion in 2025 and is predicted to increase to approximately USD 253.86 billion by 2034, demonstrating a CAGR of 10.89% from 2025 to 2034. North America held a substantial share of this market, approximately 39% in 2025.
In the automotive industry, the global automotive contract manufacturing market was valued at USD 176.8 billion in 2025 and is projected to reach USD 296.7 billion by 2035, growing at a CAGR of 5.4% during the forecast period (2026-2035).
Kimball Electronics' involvement in Printed Circuit Board Assembly (PCBA) services addresses a global market estimated at USD 103.6 billion in 2025. This market is expected to grow to USD 176.6 billion by 2035, with a CAGR of 5.5% from 2026 to 2035. Asia-Pacific accounted for the largest share of the PCBA market, over 60% in 2025.
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Kimball Electronics (KE) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives and market focuses:
- Expansion of Medical Contract Manufacturing (CMO) Capabilities and Capacity: Kimball Electronics is heavily investing in and expanding its medical contract manufacturing operations. A significant driver is the new, highly automated 308,000-square-foot facility in Indianapolis, scheduled to open in November 2025, which will significantly expand capacity for medical device production. This expansion is aimed at producing higher-level assemblies, finished medical devices, and drug delivery devices like auto-injectors, moving beyond traditional electronics and printed circuit board assemblies. This focus on medical CMO is anticipated to be accretive to overall company margins due to the higher-margin, regulated nature of the business.
- Strategic Repositioning Towards Higher-Margin, Complex Products: The company is strategically repositioning itself to focus less on top-line volume and more on margin expansion by targeting complex, non-commodity products that require deep engineering expertise. This structural shift involves moving away from lower-margin areas and doubling down on products that demand their specialized capabilities, particularly within the medical space, to attract blue-chip customers with long product life cycles.
- Global Manufacturing Capacity Expansions: Beyond the Indianapolis medical facility, Kimball Electronics has been expanding its global manufacturing footprint. The company has doubled capacity in its Mexico and Thailand facilities and increased the Poland facility by 40%. These expansions are intended to meet current demand momentum and provide opportunities for global growth across its diversified end markets.
- Targeted Growth in Automotive Programs: While the automotive segment has faced some challenges, there are expectations for revenue growth from specific programs and regions. This includes the ramp-up of new braking programs in Romania and a strategic position to capitalize on emerging market trends in electric vehicle technologies and other new braking solutions, which could contribute significantly to annual revenue over the next five to seven years. The company's Q2 fiscal 2026 results also indicate ramping automotive programs in Europe.
- Inorganic Growth Through Strategic Acquisitions: Kimball Electronics is intensifying its focus on strategic development and inorganic growth. The company has appointed a new leader for strategic development to elevate its focus on potential acquisitions, particularly to strengthen its position in the fragmented contract manufacturing organization (CMO) market. This indicates that strategic acquisitions are a planned avenue for future revenue growth and market expansion.
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Share Repurchases
- On November 15, 2024, Kimball Electronics' Board of Directors authorized an additional $20 million in share buybacks, increasing the total repurchase authorization to $120 million.
- In the second quarter of fiscal year 2026 (ended December 31, 2025), the company invested $4.3 million to repurchase 149,000 shares of common stock.
- During the first quarter of fiscal year 2026 (ended September 30, 2025), $1.5 million of shares were repurchased.
Share Issuance
- No significant share issuances were reported over the last 3-5 years. The number of outstanding shares has seen minor fluctuations, with a slight decrease in 2025 and 2024.
Outbound Investments
- Kimball Electronics completed the divestiture of its automation, test, and measurement business on July 31, 2024.
Capital Expenditures
- Kimball Electronics' guidance for capital expenditures in fiscal year 2026 is projected to be in the range of $50 million to $60 million.
- Capital expenditures were $6.5 million in the second quarter of fiscal year 2025 (ended December 31, 2024).
- The estimated capital expenditures for the full fiscal year 2025 remained in the range of $40 million to $50 million.
Peer Outperformance in Electrical Components & Equipment
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 30 | -4.6% | 113.1% | 155.6% | STRL 1708% · FIX 1620% · AGX 746% |
| Marine Transportation | 5 | 58.1% | 49.7% | 134.0% | MATX 201% · KEX 142% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 0.9% | 59.6% | 87.4% | CAT 299% · ALSN 241% · WAB 220% |
| Aerospace & Defense | 52 | -13.9% | 55.5% | 63.5% | ATI 1007% · FTAI 759% · HWM 587% |
| Trading Companies & Distributors | 19 | 8.9% | 38.3% | 45.6% | DXPE 442% · AIT 253% · URI 204% |
| Industrial Machinery & Supplies & Components | 72 | 8.7% | 57.9% | 40.6% | CRS 1091% · MLI 412% · SYM 322% |
| Diversified Support Services | 34 | 13.2% | 33.9% | 33.1% | CXW 222% · OPLN 146% · CACI 120% |
| Rail Transportation | 7 | 29.8% | 48.7% | 28.8% | CSX 48% · UNP 39% · NSC 29% |
| Building Products | 33 | -12.8% | 11.6% | 22.0% | GFF 331% · TT 177% · JCI 126% |
| Cargo Ground Transportation | 16 | 31.0% | 6.0% | 19.8% | XPO 264% · R 208% · ARCB 53% |
| Electrical Components & Equipment ← | 37 | -9.1% | 76.7% | 10.4% | POWL 2043% · BE 1025% · VRT 796% |
| Industrial Conglomerates | 17 | 10.0% | 3.6% | -7.2% | CSW 120% · DD 70% · CSL 64% |
| Agricultural & Farm Machinery | 16 | 1.0% | -3.1% | -10.6% | DE 98% · TTC 12% · AGCO -7% |
| Data Processing & Outsourced Services | 6 | -24.7% | -3.5% | -18.7% | EXLS 67% · BR 7% · G -17% |
| Research & Consulting Services | 13 | -1.9% | -18.0% | -22.4% | HURN 268% · FCN 5% · BAH 0% |
| Office Services & Supplies | 9 | 17.4% | 19.4% | -26.4% | PBI 192% · TILE 136% · HNI 36% |
| Security & Alarm Services | 9 | -58.0% | 16.9% | -26.8% | BCO 85% |
| Environmental & Facilities Services | 29 | -27.8% | 26.1% | -32.6% | GEO 233% · CLH 180% · RSG 87% |
| Passenger Ground Transportation | 3 | -27.3% | 57.4% | -38.2% | UBER 46% · CAR -38% · LYFT -66% |
| Passenger Airlines | 11 | 0.3% | 14.8% | -38.5% | LTM 3190% · UAL 118% · DAL 100% |
| Air Freight & Logistics | 12 | -28.9% | -22.2% | -39.9% | FDX 77% · EXPD 74% · CHRW 61% |
| Human Resource & Employment Services | 22 | 10.3% | -15.2% | -44.4% | ADP 53% · PAYX 7% · FA 3% |
| Airport Services | 4 | -71.2% | -69.2% | -84.3% | JOBY -47% |
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 197.06 |
| Mkt Cap | 18.9 |
| Rev LTM | 14,179 |
| Op Inc LTM | 1,040 |
| FCF LTM | 556 |
| FCF 3Y Avg | 383 |
| CFO LTM | 1,023 |
| CFO 3Y Avg | 627 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 16.6% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 25.6% |
| QoQ Delta Rev Chg LTM | 5.8% |
| Op Inc Chg LTM | 24.0% |
| Op Inc Chg 3Y Avg | 11.0% |
| Op Mgn LTM | 5.1% |
| Op Mgn 3Y Avg | 4.9% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 5.3% |
| CFO/Rev 3Y Avg | 5.9% |
| FCF/Rev LTM | 3.1% |
| FCF/Rev 3Y Avg | 4.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 18.9 |
| P/S | 1.0 |
| P/Op Inc | 19.0 |
| P/EBIT | 21.9 |
| P/E | 30.7 |
| P/CFO | 18.2 |
| Total Yield | 3.1% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 5.2% |
| D/E | 0.2 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -12.7% |
| 3M Rtn | -13.6% |
| 6M Rtn | -6.1% |
| 12M Rtn | 30.6% |
| 3Y Rtn | 190.3% |
| 1M Excs Rtn | -14.2% |
| 3M Excs Rtn | -17.3% |
| 6M Excs Rtn | -13.1% |
| 12M Excs Rtn | 15.5% |
| 3Y Excs Rtn | 104.3% |
Comparison Analyses
Price Behavior
| Market Price | $26.48 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 11/03/2014 | |
| Distance from 52W High | -15.6% | |
| 50 Days | 200 Days | |
| DMA Price | $25.87 | $25.83 |
| DMA Trend | up | down |
| Distance from DMA | 2.3% | 2.5% |
| 3M | 1YR | |
| Volatility | 44.0% | 48.4% |
| Downside Capture | 156.97 | 204.70 |
| Upside Capture | 149.00 | 161.59 |
| Correlation (S&P 500) | 50.3% | 49.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.35 | 1.95 | 2.10 | 1.54 | 1.85 | 1.31 |
| Up Beta | 2.51 | 3.23 | 3.20 | 1.36 | 1.62 | 1.08 |
| Down Beta | 0.76 | 0.31 | 1.12 | 1.85 | 2.20 | 1.46 |
| Up Capture | 216% | 205% | 223% | 157% | 222% | 186% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 16 | 24 | 33 | 66 | 131 | 386 |
| Down Capture | -60% | 130% | 176% | 153% | 152% | 109% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 6 | 18 | 31 | 60 | 121 | 360 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KE | |
|---|---|---|---|---|
| KE | -7.6% | 48.4% | -0.00 | - |
| Sector ETF (XLI) | 10.6% | 17.2% | 0.42 | 42.5% |
| Equity (SPY) | 16.2% | 12.7% | 0.90 | 49.7% |
| Gold (GLD) | -6.0% | 29.0% | -0.22 | 16.3% |
| Commodities (DBC) | 50.2% | 20.7% | 1.85 | -7.6% |
| Real Estate (VNQ) | 3.1% | 13.8% | -0.03 | 12.2% |
| Bitcoin (BTCUSD) | -25.3% | 43.4% | -0.55 | 38.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KE | |
|---|---|---|---|---|
| KE | -1.2% | 41.1% | 0.08 | - |
| Sector ETF (XLI) | 12.6% | 17.6% | 0.54 | 46.9% |
| Equity (SPY) | 13.6% | 17.1% | 0.61 | 45.9% |
| Gold (GLD) | 17.7% | 18.9% | 0.76 | 9.2% |
| Commodities (DBC) | 9.5% | 19.5% | 0.37 | 10.6% |
| Real Estate (VNQ) | 1.1% | 18.9% | -0.05 | 32.8% |
| Bitcoin (BTCUSD) | 7.6% | 51.7% | 0.33 | 20.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KE | |
|---|---|---|---|---|
| KE | 6.9% | 40.3% | 0.30 | - |
| Sector ETF (XLI) | 13.3% | 20.0% | 0.58 | 50.2% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 48.4% |
| Gold (GLD) | 12.2% | 16.4% | 0.61 | 4.3% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 16.6% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 36.4% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 14.7% |
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Returns Analyses
Earnings Returns History
Updated 9/15/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | 3.3% | -5.8% | 3.9% |
| 5/5/2026 | -7.3% | -6.8% | -2.9% |
| 2/4/2026 | -23.3% | -20.8% | -26.3% |
| 11/5/2025 | -7.3% | -3.1% | -1.7% |
| 8/13/2025 | 17.8% | 30.8% | 45.9% |
| 5/6/2025 | 24.9% | 26.0% | 26.0% |
| 2/4/2025 | 0.7% | -6.7% | -7.2% |
| 11/4/2024 | 6.0% | 12.3% | 6.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 11 |
| # Negative | 11 | 11 | 13 |
| Median Positive | 5.2% | 5.9% | 16.2% |
| Median Negative | -6.5% | -6.8% | -5.9% |
| Max Positive | 24.9% | 30.8% | 45.9% |
| Max Negative | -23.3% | -20.8% | -33.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | 3.3% | -5.8% | 3.9% |
| 5/5/2026 | -7.3% | -6.8% | -2.9% |
| 2/4/2026 | -23.3% | -20.8% | -26.3% |
| 11/5/2025 | -7.3% | -3.1% | -1.7% |
| 8/13/2025 | 17.8% | 30.8% | 45.9% |
| 5/6/2025 | 24.9% | 26.0% | 26.0% |
| 2/4/2025 | 0.7% | -6.7% | -7.2% |
| 11/4/2024 | 6.0% | 12.3% | 6.0% |
| 8/14/2024 | -2.5% | 0.1% | -0.9% |
| 5/7/2024 | 2.6% | 3.1% | -1.4% |
| 2/5/2024 | -14.1% | -7.9% | -8.5% |
| 11/6/2023 | -13.0% | -10.8% | -9.3% |
| 8/16/2023 | 7.1% | 5.9% | 1.2% |
| 5/4/2023 | 3.4% | 13.3% | 24.9% |
| 2/6/2023 | 5.1% | 3.3% | -2.5% |
| 11/7/2022 | 0.6% | 5.6% | 7.6% |
| 8/4/2022 | -4.5% | 1.2% | -6.9% |
| 5/5/2022 | 5.2% | -3.9% | 16.2% |
| 2/7/2022 | -5.5% | -8.5% | -3.7% |
| 11/3/2021 | -6.5% | -12.5% | -33.1% |
| 8/4/2021 | 10.4% | 14.7% | 19.8% |
| 5/5/2021 | -6.5% | -5.3% | -5.9% |
| 2/3/2021 | 18.6% | 23.1% | 27.3% |
| 11/3/2020 | -4.8% | 2.1% | 12.1% |
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 11 |
| # Negative | 11 | 11 | 13 |
| Median Positive | 5.2% | 5.9% | 16.2% |
| Median Negative | -6.5% | -6.8% | -5.9% |
| Max Positive | 24.9% | 30.8% | 45.9% |
| Max Negative | -23.3% | -20.8% | -33.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/19/2026 | 10-K |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/05/2026 | 10-Q |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/22/2025 | 10-K |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-Q |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/23/2024 | 10-K |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-Q |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/24/2023 | 10-K |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/07/2023 | 10-Q |
| 09/30/2022 | 11/08/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/19/2026 | 10-K |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/05/2026 | 10-Q |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/22/2025 | 10-K |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-Q |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/23/2024 | 10-K |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-Q |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/24/2023 | 10-K |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/07/2023 | 10-Q |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/30/2022 | 10-K |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 02/08/2022 | 10-Q |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/27/2021 | 10-K |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/04/2021 | 10-Q |
| 09/30/2020 | 11/04/2020 | 10-Q |
| 06/30/2020 | 08/27/2020 | 10-K |
| 03/31/2020 | 05/05/2020 | 10-Q |
| 12/31/2019 | 02/06/2020 | 10-Q |
| 09/30/2019 | 11/06/2019 | 10-Q |
Recent Forward Guidance
Updated 10/4/2026Latest: Q4 2026 Earnings Reported 8/12/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Net Sales | Reported | 1.53 Bil | 1.55 Bil | 1.56 Bil | 8.2% | Higher New | Actual: 1.43 Bil for 2026 | |
| 2027 Organic Sales Growth | Reported | 3.0% | 4.0% | 5.0% | ||||
| 2027 Helvoet Sales | Reported | 60.00 Mil | ||||||
| 2027 Adjusted Operating Income | Reported | 0.04 | 0.05 | 0.05 | 0.2% | Higher New | Actual: 0.04 for 2026 | |
| 2027 Capital Expenditures | Reported | 50.00 Mil | 55.00 Mil | 60.00 Mil | 0 | Same New | Actual: 55.00 Mil for 2026 | |
Prior: Q3 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 1.40 Bil | 1.43 Bil | 1.46 Bil | 0 | Affirmed | Guidance: 1.43 Bil for 2026 | |
| 2026 Operating Margin | Reported | 4.2% | 4.35% | 4.5% | 0 | Affirmed | Guidance: 4.35% for 2026 | |
| 2026 Capital Expenditures | Reported | 50.00 Mil | 55.00 Mil | 60.00 Mil | 0 | Affirmed | Guidance: 55.00 Mil for 2026 | |
Q2 2026 Earnings Reported 2/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 1.40 Bil | 1.43 Bil | 1.46 Bil | 2.1% | Raised | Guidance: 1.40 Bil for 2026 | |
| 2026 Operating Margin | Reported | 4.2% | 4.35% | 4.5% | 0.2% | Raised | Guidance: 4.13% for 2026 | |
| 2026 Capital Expenditures | Reported | 50.00 Mil | 55.00 Mil | 60.00 Mil | 0 | Affirmed | Guidance: 55.00 Mil for 2026 | |
Q1 2026 Earnings Reported 11/5/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 1.35 Bil | 1.40 Bil | 1.45 Bil | 0 | Affirmed | Guidance: 1.40 Bil for 2026 | |
| 2026 Adjusted Operating Income | Reported | 0.04 | 0.04 | 0.04 | 0 | Affirmed | Guidance: 0.04 for 2026 | |
| 2026 Capital Expenditures | Reported | 50.00 Mil | 55.00 Mil | 60.00 Mil | 0 | Affirmed | Guidance: 55.00 Mil for 2026 | |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Electrical Components & Equipment Resources |
| EC&M (Electrical Construction & Maintenance) |
| Electrical Contracting News (ECN) |
| EE Times |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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