Tearsheet

Kewaunee Scientific (KEQU)


Market Price (12/28/2025): $38.45 | Market Cap: $110.2 Mil
Sector: Consumer Discretionary | Industry: Household Appliances

Kewaunee Scientific (KEQU)


Market Price (12/28/2025): $38.45
Market Cap: $110.2 Mil
Sector: Consumer Discretionary
Industry: Household Appliances

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.6%
Key risks
KEQU key risks include [1] a dependence on the volatile laboratory and healthcare construction industry and [2] a reliance on sole or limited-source suppliers for key materials.
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 43%
 
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -40%
 
3 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Advanced Diagnostics, Show more.
 
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.6%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 43%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -40%
3 Megatrend and thematic drivers
Megatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, Advanced Diagnostics, Show more.
4 Key risks
KEQU key risks include [1] a dependence on the volatile laboratory and healthcare construction industry and [2] a reliance on sole or limited-source suppliers for key materials.

Valuation, Metrics & Events

KEQU Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

<b>1. </b>Despite reporting strong top and bottom-line growth for the first quarter of fiscal year 2026 (ended July 31, 2025), Kewaunee Scientific's stock slid 19.7% following the earnings release on September 10, 2025, indicating a sharp underperformance relative to the broader market.

<br><br><b>2. </b>Management's outlook for fiscal year 2026 included expectations of "volatility in project delivery timelines" and "uneven results ahead," alongside an acknowledgment that strategic investments would "place pressure on near-term earnings".

<br><br><b>3. </b>The Corporate segment experienced a wider pre-tax loss during the first quarter of fiscal year 2026, primarily due to higher investments in corporate infrastructure and ongoing costs associated with integrating the Nu Aire subsidiary.

<br><br><b>4. </b>For the second quarter of fiscal year 2026 (ended October 31, 2025), Kewaunee Scientific reported a decrease in pre-tax earnings by 12.2% and a decline in net earnings, with diluted earnings per share falling to $0.82 from $1.01 in the prior year quarter.

<br><br><b>5. </b>Segment profitability in the second quarter of fiscal year 2026 was negatively impacted by lower manufacturing volumes within the laboratory construction portion of the business.

Show more

Stock Movement Drivers

Fundamental Drivers

The -13.1% change in KEQU stock from 9/27/2025 to 12/27/2025 was primarily driven by a -12.0% change in the company's Net Income Margin (%).
927202512272025Change
Stock Price ($)43.7438.00-13.12%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)263.18285.518.49%
Net Income Margin (%)4.68%4.11%-12.04%
P/E Multiple10.139.28-8.48%
Shares Outstanding (Mil)2.852.87-0.53%
Cumulative Contribution-13.13%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025
ReturnCorrelation
KEQU-13.1% 
Market (SPY)4.3%33.1%
Sector (XLY)1.8%32.4%

Fundamental Drivers

The -32.9% change in KEQU stock from 6/28/2025 to 12/27/2025 was primarily driven by a -48.5% change in the company's Net Income Margin (%).
628202512272025Change
Stock Price ($)56.6738.00-32.95%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)220.03285.5129.76%
Net Income Margin (%)7.99%4.11%-48.53%
P/E Multiple9.269.280.19%
Shares Outstanding (Mil)2.872.870.21%
Cumulative Contribution-32.95%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025
ReturnCorrelation
KEQU-32.9% 
Market (SPY)12.6%13.6%
Sector (XLY)11.9%8.9%

Fundamental Drivers

The -40.4% change in KEQU stock from 12/27/2024 to 12/27/2025 was primarily driven by a -56.2% change in the company's Net Income Margin (%).
1227202412272025Change
Stock Price ($)63.8138.00-40.45%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)199.64285.5143.02%
Net Income Margin (%)9.39%4.11%-56.21%
P/E Multiple9.789.28-5.11%
Shares Outstanding (Mil)2.872.870.21%
Cumulative Contribution-40.45%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025
ReturnCorrelation
KEQU-40.4% 
Market (SPY)17.0%34.7%
Sector (XLY)7.0%30.3%

Fundamental Drivers

The 145.2% change in KEQU stock from 12/28/2022 to 12/27/2025 was primarily driven by a 69.6% change in the company's P/S Multiple.
1228202212272025Change
Stock Price ($)15.5038.00145.16%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)195.03285.5146.39%
P/S Multiple0.220.3869.60%
Shares Outstanding (Mil)2.832.87-1.27%
Cumulative Contribution145.12%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025
ReturnCorrelation
KEQU30.2% 
Market (SPY)48.0%23.4%
Sector (XLY)37.7%21.4%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
KEQU Return-7%2%26%82%113%-39%183%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
KEQU Win Rate33%25%42%67%67%42% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
KEQU Max Drawdown-47%-8%0%-8%-4%-50% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[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] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventKEQUS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-26.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven35.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven139 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-47.4%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven90.2%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven446 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-64.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven182.7%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven1,602 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-67.7%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven209.5%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven2,797 days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Kewaunee Scientific's stock fell -26.3% during the 2022 Inflation Shock from a high on 8/25/2022. A -26.3% loss requires a 35.6% gain to breakeven.

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About Kewaunee Scientific (KEQU)

Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. It operates in two segments, Domestic and International. The company's products include steel, wood, laminate furniture, fume hoods, biological safety cabinets, laminar flow and ductless hoods, adaptable modular and column systems, moveable workstations and carts, epoxy resin worksurfaces, sinks, and accessories and related design services. Its laboratory products are used in chemistry, physics, biology, and other general science laboratories in the pharmaceutical, biotechnology, industrial, chemical, commercial, educational, government, and health care markets; technical products are used in facilities manufacturing computers and light electronics and by users of computer and networking furniture; and laminate caseworks that are used in educational, healthcare, and industrial applications. The company sells its products primarily through dealers, commissioned agents, and a national distributor, as well as through competitive bids submitted by the company and its subsidiaries in Singapore, India, and China. Kewaunee Scientific Corporation was founded in 1906 and is headquartered in Statesville, North Carolina.

AI Analysis | Feedback

Here are 1-2 brief analogies for Kewaunee Scientific (KEQU):

  • Steelcase for scientific laboratories.
  • Herman Miller for research and healthcare facilities.

AI Analysis | Feedback

  • Laboratory Casework: Steel, wood, and laminate cabinets, benches, and tables designed for scientific and educational laboratory environments.
  • Fume Hoods: Safety enclosures that protect laboratory personnel by containing and exhausting hazardous fumes and vapors.
  • Laboratory Worksurfaces and Fixtures: Durable countertops and integrated plumbing, electrical, and gas fittings essential for laboratory operations.
  • Specialty Laboratory Products: A range of specialized items including safety cabinets, drying racks, and emergency showers for laboratory safety and functionality.

AI Analysis | Feedback

Kewaunee Scientific (KEQU) primarily sells its laboratory furniture, fume hoods, and related products to other companies and institutions (B2B), rather than directly to individuals. The company's customer base is diverse, spanning various industries and types of organizations that require specialized laboratory environments. Kewaunee Scientific does not disclose specific individual companies that represent a significant concentration of its revenue. Instead, it describes its major customers by the industries and types of institutions they serve. Therefore, the major customer categories served by Kewaunee Scientific include:
  • Pharmaceutical companies
  • Biotechnology companies
  • Chemical companies
  • Industrial companies
  • Education institutions (e.g., universities, colleges, research institutes)
  • Healthcare institutions (e.g., hospitals, medical research centers)
  • Government agencies (e.g., federal, state, and local research facilities)
No specific customer company names or their symbols can be provided, as Kewaunee Scientific's public filings and corporate information do not identify individual customers that constitute a major portion of their sales, but rather describe the broad categories of institutions and companies they serve.

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Thomas D. Hull III, President, Chief Executive Officer

Thomas D. Hull III was elected President and Chief Executive Officer of Kewaunee Scientific on March 11, 2019. He initially joined the company as Vice President of Finance and Chief Financial Officer on November 1, 2015, at which time he was also elected Secretary and Treasurer. Prior to his tenure at Kewaunee, Mr. Hull held various management positions with Ernst & Young in Pittsburgh, Pennsylvania, from 1998 through 2011. Most recently, he served as the Vice President of Finance, Accounting, and Information Technology with ATI Specialty Materials in Charlotte, North Carolina.

Donald T. Gardner III, Vice President, Finance and Chief Financial Officer

Donald T. Gardner III joined Kewaunee Scientific as Vice President of Finance and Chief Financial Officer on April 29, 2019, simultaneously being elected Secretary and Treasurer of the Corporation. Before joining Kewaunee, he was the Vice President, Financial Planning & Analysis of Victra, which is a portfolio company backed by the private equity firm Lone Star Funds. Prior to Victra, he served as Chief Financial Officer of Component Sourcing International, another company that was a portfolio company of Argosy private equity. This demonstrates a pattern of managing companies backed by private equity firms.

Douglas J. Batdorff, Vice President, Manufacturing Operations

Douglas J. Batdorff joined Kewaunee in June 2020 as Vice President of Manufacturing Operations. He brings significant experience in directing manufacturing operations, with a focus on improving business performance and maximizing growth and profitability. His previous experience includes seven years with General Motors, thirteen years with Steelcase, and one year with Legacy Cabinets.

B. Sathyamurthy, Vice President, Kewaunee Scientific Corporation Singapore Pte. Ltd., Managing Director of International Operations

B. Sathyamurthy was elected Vice President of Kewaunee Scientific Corporation Singapore Pte. Ltd., the holding company for Kewaunee's subsidiaries in India, Singapore, and China, in September 2014. He has served as Managing Director of International Operations, overseeing all sales and operations in Asia, as well as sales efforts in the Middle East, since September 2013. Mr. Sathyamurthy joined the Kewaunee organization in 2000 as General Manager of India Operations and Kewaunee Labway India Pvt. Ltd., and was later promoted to Managing Director of Kewaunee Labway India Pvt. Ltd. and Kewaunee Scientific Corporation India Pvt. Ltd.

Mandar M. Ranade, Vice President, Information Technology and Engineering

Mandar M. Ranade joined Kewaunee in December 2019 as Vice President of Information Technology. He possesses significant experience within the laboratory furniture and infrastructure industry, as well as with companies undergoing similar technology modernization programs. Before his role at Kewaunee, Mr. Ranade held senior IT leadership positions with TCS-GE Healthcare, Thermo Fisher -Hamilton Laboratory Furniture division, IMS Health, AdvocateAurora Healthcare, and most recently as Division IT Leader for Fairbanks Morse, a division of Enpro Industries.

AI Analysis | Feedback

The key risks to Kewaunee Scientific (KEQU) primarily revolve around the inherent volatility of its core markets, challenges within its manufacturing and supply chain, and broader competitive and economic pressures.

  1. Volatility in the laboratory and healthcare building construction industry: Kewaunee Scientific's principal markets are highly susceptible to fluctuations in the laboratory and healthcare building construction industry. This sector is subject to significant volatility due to various external factors outside the company's control. A decline in construction activity or a reduction in demand for Kewaunee Scientific's products could materially and adversely affect its business and financial condition.

  2. Manufacturing and supply chain risks: The company faces numerous manufacturing and supply chain risks. A significant concern is its reliance on sole or limited sources of supply for certain materials, components, and services. This dependence could lead to production interruptions, delays, and inefficiencies, ultimately impacting the company's ability to deliver products and meet customer demands.

  3. Competitive and general economic conditions: Kewaunee Scientific is exposed to risks associated with competitive and general economic conditions. These include disruptions stemming from government mandates, both domestically and internationally, as well as constraints and disruptions from suppliers. Changes in overall customer demands, shifts in the legal and regulatory environment, and fluctuations in raw material and commodity costs also pose significant risks to the business.

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Kewaunee Scientific's main products and their addressable market sizes are as follows:

  • Laboratory Furniture and Casework: The global laboratory furniture market was valued at approximately USD 2.00 billion in 2025 and is projected to reach USD 3.18 billion by 2035, growing at a compound annual growth rate (CAGR) of 4.30% during the forecast period. Another report estimates the global laboratory furniture market at US$ 1.14 billion in 2024, forecast to increase to US$ 2.13 billion by 2034, expanding at a CAGR of 6.4%. The global market for lab casework was valued at US$ 1,236 million in 2024 and is projected to reach US$ 1,536 million by 2031, with a CAGR of 3.2%. For North America, the laboratory workstation & storage furniture market size was estimated at USD 1.33 billion in 2023 and is expected to grow at a CAGR of 8.3% from 2024 to 2030, reaching USD 2.30 billion by 2030. The U.S. segment of this market was estimated at USD 1.12 billion in 2023.
  • Fume Hoods: The global fume hood market size was valued at USD 804.27 million in 2024, growing to USD 872.12 million in 2025, with a projected CAGR of 8.33% to reach USD 1.52 billion by 2032. Other estimates place the global fume hood market at approximately USD 1.5 billion in 2024, anticipated to reach around USD 2.8 billion by 2033, reflecting a CAGR of 7.2% from 2025 to 2033. Another source indicates the global fume hood market was USD 0.64 billion in 2024 and is expected to reach USD 0.85 billion by 2033, exhibiting a CAGR of 3.2%.
  • Biological Safety Cabinets: The global biological safety cabinet market size was valued at USD 211.04 million in 2023 and is expected to grow at a CAGR of 7.62% from 2024 to 2030, reaching USD 352.41 million by 2030. Another report states the global biological safety cabinets market was worth USD 189.21 million in 2024 and is predicted to grow at a CAGR of 8.24% from 2025 to 2033, reaching USD 386.85 million by 2033. Another source valued the global market at USD 318.4 million in 2024, projected to grow to USD 468.5 million by 2032, with a CAGR of 5.1%.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Kewaunee Scientific (KEQU) over the next 2-3 years:

  1. Acquisition of Nu Aire: The recent acquisition of Nu Aire is a significant driver, expanding Kewaunee Scientific's product portfolio to include biological safety cabinets, CO2 incubators, and ultralow freezers. This acquisition also broadens Kewaunee's market reach, particularly in regions where it previously lacked distribution partners, and is expected to contribute to increased domestic sales.
  2. Expansion into International Markets: Kewaunee Scientific is strategically focused on accelerating growth in international markets, including the Middle East, North and Sub-Saharan Africa, and India. The establishment of Kewaunee Scientific Saudia Co. supports this expansion, indicating a long-term growth strategy in these regions.
  3. Growth in Life Sciences, Healthcare, and Education Sectors: The company serves industries that are experiencing ongoing investment in research and development, such as life sciences, healthcare, and education. This sustained investment globally is expected to drive demand for Kewaunee's laboratory furniture and technical products.
  4. Strong Order Backlog: Kewaunee Scientific maintains a substantial order backlog, which represents future revenue. As of July 31, 2025, the company reported an order backlog of $205.0 million, indicating a consistent demand for its products and services.

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Share Repurchases

  • Kewaunee Scientific's Board of Directors authorized the repurchase of up to an additional 100,000 shares of common stock on March 12, 2025, under an existing program.
  • As of March 12, 2025, including the new authorization, a total of 111,176 shares were authorized for repurchase.
  • The company paused share repurchases between October 2, 2023, and April 9, 2024, to prioritize the acquisition of Nu Aire, Inc., and resumed repurchases on February 28, 2025.

Share Issuance

  • The number of shares outstanding for Kewaunee Scientific has remained relatively stable, around 2.76 million to 2.87 million, from fiscal year 2020 to fiscal year 2025, indicating minimal significant share issuance.

Outbound Investments

  • Kewaunee Scientific completed the acquisition of Nu Aire, Inc. on November 1, 2024.
  • This acquisition was a strategic move to combine two market leaders with complementary strengths in laboratory equipment and biosafety solutions.
  • Cash acquisitions, primarily related to the Nu Aire acquisition, amounted to approximately $28.74 million for the fiscal year ending April 30, 2025, and the trailing twelve months ending July 31, 2025.

Capital Expenditures

  • Capital expenditures were approximately $2.17 million for fiscal year 2025 and $4.37 million for fiscal year 2024.
  • For fiscal year 2026, capital expenditures are anticipated to be around $7.0 million.
  • These projected fiscal year 2026 expenditures are expected to be funded primarily by operating activities, with supplemental borrowings from the revolving credit facility as needed.

Better Bets than Kewaunee Scientific (KEQU)

Latest Trefis Analyses

Title
0ARTICLES

Trade Ideas

Select ideas related to KEQU. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE11302025BBWIBath & Body WorksDip BuyDB | Insider Buys | Low D/EDip Buy with Strong Insider Buying
Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
13.7%13.7%0.0%
HRB_11262025_Dip_Buyer_FCFYield11262025HRBH&R BlockDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
6.0%6.0%-0.1%
LRN_11262025_Dip_Buyer_FCFYield11262025LRNStrideDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.8%3.8%-4.4%
ABNB_11212025_Dip_Buyer_FCFYield11212025ABNBAirbnbDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
19.7%19.7%0.0%
MTN_11212025_Dip_Buyer_FCFYield11212025MTNVail ResortsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
2.3%2.3%-1.6%

Recent Active Movers

More From Trefis

Peer Comparisons for Kewaunee Scientific

Peers to compare with:

Financials

KEQUHPQHPEIBMCSCOAAPLMedian
NameKewaunee.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price38.0023.2624.49305.0978.16273.4058.08
Mkt Cap0.121.932.6284.9309.24,074.4158.8
Rev LTM28655,29534,29665,40257,696408,62556,496
Op Inc LTM203,6241,64411,54412,991130,2147,584
FCF LTM52,80062711,85412,73396,1847,327
FCF 3Y Avg72,9781,40011,75313,879100,5037,366
CFO LTM93,6972,91913,48313,744108,5658,590
CFO 3Y Avg113,6723,89613,49814,736111,5598,697

Growth & Margins

KEQUHPQHPEIBMCSCOAAPLMedian
NameKewaunee.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM43.0%3.2%13.8%4.5%8.9%6.0%7.4%
Rev Chg 3Y Avg15.4%-3.9%6.5%2.6%3.7%1.8%3.2%
Rev Chg Q46.8%4.2%14.4%9.1%7.5%9.6%9.4%
QoQ Delta Rev Chg LTM8.5%1.1%3.7%2.1%1.8%2.1%2.1%
Op Mgn LTM6.9%6.6%4.8%17.7%22.5%31.9%12.3%
Op Mgn 3Y Avg7.2%7.4%7.2%16.4%24.2%30.8%11.9%
QoQ Delta Op Mgn LTM-0.7%-0.2%-1.4%0.6%0.4%0.1%-0.1%
CFO/Rev LTM3.0%6.7%8.5%20.6%23.8%26.6%14.6%
CFO/Rev 3Y Avg5.0%6.8%12.7%21.4%26.1%28.4%17.1%
FCF/Rev LTM1.8%5.1%1.8%18.1%22.1%23.5%11.6%
FCF/Rev 3Y Avg3.2%5.5%4.6%18.6%24.6%25.6%12.1%

Valuation

KEQUHPQHPEIBMCSCOAAPLMedian
NameKewaunee.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap0.121.932.6284.9309.24,074.4158.8
P/S0.40.41.04.45.410.02.7
P/EBIT5.46.819.925.122.531.321.2
P/E9.38.6572.736.029.941.033.0
P/CFO12.65.911.221.122.537.516.8
Total Yield10.8%14.1%2.3%5.0%5.4%2.8%5.2%
Dividend Yield0.0%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg6.6%10.6%5.5%6.4%6.0%3.1%6.2%
D/E0.40.50.70.20.10.00.3
Net D/E0.30.30.60.20.00.00.2

Returns

KEQUHPQHPEIBMCSCOAAPLMedian
NameKewaunee.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn-0.9%-1.8%14.4%0.6%2.7%-1.5%-0.1%
3M Rtn-13.1%-11.9%2.7%7.9%17.0%7.1%4.9%
6M Rtn-32.9%-4.0%34.5%6.6%15.2%36.3%10.9%
12M Rtn-40.4%-27.0%16.2%40.5%34.5%7.5%11.8%
3Y Rtn145.2%-1.9%71.1%143.1%81.3%120.2%100.7%
1M Excs Rtn-4.3%-5.6%12.9%-2.2%-0.0%-3.7%-3.0%
3M Excs Rtn-17.4%-16.2%-1.7%3.6%12.7%2.8%0.6%
6M Excs Rtn-45.2%-16.3%22.3%-5.7%3.0%24.0%-1.3%
12M Excs Rtn-45.2%-42.9%-0.7%25.0%19.9%-8.4%-4.6%
3Y Excs Rtn58.2%-83.5%-11.2%59.6%-1.2%28.4%13.6%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment204219169147148
Total204219169147148


Price Behavior

Price Behavior
Market Price$38.00 
Market Cap ($ Bil)0.1 
First Trading Date02/25/1992 
Distance from 52W High-45.5% 
   50 Days200 Days
DMA Price$40.38$44.06
DMA Trenddowndown
Distance from DMA-5.9%-13.8%
 3M1YR
Volatility32.4%63.8%
Downside Capture98.55141.70
Upside Capture10.9067.97
Correlation (SPY)32.5%34.5%
KEQU Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta1.031.010.581.341.120.71
Up Beta0.250.34-0.500.860.980.57
Down Beta2.451.741.611.471.420.85
Up Capture-7%24%-74%101%84%54%
Bmk +ve Days13263974142427
Stock +ve Days8192657112335
Down Capture162%131%138%157%109%85%
Bmk -ve Days7162452107323
Stock -ve Days12233768135343

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of KEQU With Other Asset Classes (Last 1Y)
 KEQUSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-29.5%7.5%17.8%72.1%8.6%4.4%-8.2%
Annualized Volatility64.9%24.3%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio-0.290.240.722.700.340.09-0.08
Correlation With Other Assets 31.2%34.8%-0.6%12.5%17.6%13.8%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of KEQU With Other Asset Classes (Last 5Y)
 KEQUSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return28.9%9.6%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility51.8%23.8%17.1%15.5%18.7%18.9%48.6%
Sharpe Ratio0.710.360.700.970.500.160.57
Correlation With Other Assets 13.2%16.0%-1.1%1.0%6.5%5.4%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of KEQU With Other Asset Classes (Last 10Y)
 KEQUSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return9.4%13.2%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility47.3%21.9%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.370.550.710.860.320.220.90
Correlation With Other Assets 13.2%14.0%0.0%3.6%9.8%4.0%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity35,595
Short Interest: % Change Since 1130202566.4%
Average Daily Volume8,858
Days-to-Cover Short Interest4.02
Basic Shares Quantity2,866,000
Short % of Basic Shares1.2%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
12/10/2025-4.4%-2.8% 
9/10/2025-21.2%-17.3%-21.1%
6/26/20253.4%6.6%6.9%
3/12/2025-2.0%0.2%-29.8%
12/11/202426.1%23.8%30.5%
9/11/2024-3.8%-10.4%-24.5%
6/26/202410.2%20.2%37.9%
3/6/2024-4.0%-3.0%16.6%
...
SUMMARY STATS   
# Positive111011
# Negative111211
Median Positive2.8%4.4%9.7%
Median Negative-3.3%-3.2%-12.6%
Max Positive29.3%28.0%58.7%
Max Negative-22.3%-26.3%-32.7%

SEC Filings

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Report DateFiling DateFiling
103120251212202510-Q 10/31/2025
7312025912202510-Q 7/31/2025
4302025702202510-K 4/30/2025
1312025314202510-Q 1/31/2025
103120241213202410-Q 10/31/2024
7312024913202410-Q 7/31/2024
4302024628202410-K 4/30/2024
1312024308202410-Q 1/31/2024
103120231208202310-Q 10/31/2023
7312023901202310-Q 7/31/2023
4302023630202310-K 4/30/2023
1312023310202310-Q 1/31/2023
103120221209202210-Q 10/31/2022
7312022909202210-Q 7/31/2022
4302022701202210-K 4/30/2022
1312022311202210-Q 1/31/2022

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Phillips Elizabeth DVP - Human Resources10022025Sell43.206,877297,086356,443Form
1HULL THOMAS DAVID IIIPresident, CEO10022025Sell43.091,00043,0901,668,402Form