KEQU
Kewaunee Scientific CorporationConsumer Cyclical·Furnishings, Fixtures & Appliances
$40.57
$116M market cap
Revenue
$287.8M
Free Cash Flow
$19.1M
Rev Growth
+0.0%
FCF Margin
6.6%
P/FCF
6.1x
EV/FCF
8.7x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. It operates through 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 lab
2-Year Price History
$39.97+2.5%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q3 | 69.4 | 4.2 | 2.6 | 0.7 | 11.7 | 11.0 | -0.7 | 10.4 | 59.3 | 3.0 | 9.6% | 3.8x | 6.1x |
| Act | 2026-Q2 | 70.1 | 6.1 | 4.1 | 2.4 | -4.3 | -5.8 | -1.6 | 13.7 | 72.9 | 3.0 | 12.9% | 5.7x | -- |
| Act | 2026-Q1 | 71.1 | 6.5 | 4.8 | 3.1 | 5.8 | 5.0 | -0.8 | 19.5 | 29.7 | 3.0 | 30.6% | 6.2x | -- |
| Act | 2025-Q4 | 77.2 | 9.9 | 8.5 | 4.9 | 9.4 | 8.9 | -0.5 | 14.9 | 50.2 | 3.0 | 35.4% | 8.5x | -- |
Historical Valuation
Multiples vs the company's own history — cheap or rich relative to itself? Historical fiscal years, then TTM, then forward projections (E). Forward rows hold today's price against projected earnings, so the multiple compresses if the company grows into it.
| Year | Price | Rev Gr | EBITDA % | EBITDA | EV/EBITDA | EV/FCF | P/E | P/S |
|---|---|---|---|---|---|---|---|---|
| TTM | 40.57 | 0.0% | 9.3% | 27 | 0.0× | 0.0× | 0.0× | 0.0× |
EBITDA in reporting-currency $M. Historical multiples use year-end market cap (split-adjusted price history); TTM & forward years use today's.
Valuation & Metrics
Market Stats
Price$40.57
Market Cap$116M
Enterprise Value$165M
P/S Ratio0.4x
P/FCF6.1x
EV/FCF8.7x
FCF Margin (TTM)6.6%
FCF Yield16.4%
Dividend Yield (TTM)2.3%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$287.8M
Net Income$11.1M
Free Cash Flow$19.1M
Revenue Growth (YoY)+0.0%
EBITDA Margin9.3%
Net Margin3.9%
FCF Margin6.6%
CapEx % of Revenue1.2%
SBC % of Revenue0.7%
ROIC22.1%
WC Change % Rev1.7%
Interest Coverage6.1x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover18.3
Change (vs Prior)+7.1%
Need at least 2 settlement dates for chart
Employees
Headcount1,006
Revenue / Employee$286,031
Gross Profit / Employee$82,737
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
17.6%(+0.2% YoY)
23 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
17.7%(-3.9% YoY)
8 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-1.0% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| NORTHERN TRUST CORPPassive | $8.4M | $33.29 | −$218K | −$916K | -0.2% | $755.34B |
| DIMENSIONAL FUND ADVISORS LPPassive | $6.1M | $39.43 | −$49K | −$167K | -0.4% | $480.92B |
| Minerva Advisors LLC | $4.7M | $31.73 | +$509K | +$2.2M | -1.9% | $155M |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $3.9M | $34.27 | +$3.9M | +$3.9M | — | $4.04T |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | $3.5M | $43.53 | +$647K | +$2.8M | -0.3% | $1.72B |
| RENAISSANCE TECHNOLOGIES LLC | $3.4M | $40.91 | −$117K | +$10K | +1.2% | $63.91B |
| De Lisle Partners LLP | $1.8M | $38.34 | +$0 | +$262K | -0.7% | $836M |
| AMERICAN CENTURY COMPANIES INC | $1.7M | $40.44 | −$134K | +$13K | +0.7% | $193.48B |
| ROYCE & ASSOCIATES LP | $1.6M | $41.54 | +$69K | +$1.6M | -0.9% | $10.09B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $839K | $38.97 | −$0 | +$24K | +2.3% | $1.61T |
| Mink Brook Asset Management LLC | $735K | $43.51 | +$338K | +$735K | -0.1% | $179M |
| NORTHEAST INVESTMENT MANAGEMENT | $685K | $37.41 | +$0 | +$685K | -0.4% | $2.42B |
| MORGAN STANLEY | $683K | $36.87 | +$96K | −$95K | -0.3% | $1.65T |
| VANGUARD FIDUCIARY TRUST COPassive | $448K | $34.27 | +$448K | +$448K | — | $395.83B |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $432K | $34.27 | +$435K | +$432K | -0.0% | $45.12B |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $405K | $16.62 | +$0 | −$161K | -2.3% | $4.93B |
| STATE STREET CORPPassive | $344K | $35.79 | +$0 | +$24K | -0.2% | $2.89T |
| BlackRock, Inc.Passive | $340K | $38.96 | −$14K | −$112K | -0.2% | $5.69T |
| LPL Financial LLC | $274K | $34.27 | +$274K | +$274K | -0.2% | $372.65B |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $227K | $33.29 | −$252K | −$431K | +0.1% | $184.72B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-0.41%
avg per quarter
Holders (ex-self)
-0.43%
excl. this stock
Buyers (this Q)
-0.30%
10 buyers · $0.01B in
Sellers (this Q)
+0.73%
10 sellers · $0.00B out
alpha coverage: 89% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+0.4%
how holders react when this stock falls
On quiet Qs
-5.3%
−10% to +10% baseline
On rallies (+10%+)
-2.0%
how they react when this stock rises
Holders' portfolio flow this Q
-0.2%
outflows — trims may be forced
Sellers' portfolio flow this Q
+1.2%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-0.4%
Holder mid (any stock)
-2.9%
Holder rally (any stock)
-4.4%
Biggest decreases this quarter
O'SHAUGHNESSY ASSET MANAGEMENT, LLCexited−$496KSUSQUEHANNA INTERNATIONAL GROUP, LLPexited−$472KRITHOLTZ WEALTH MANAGEMENTexited−$301KARROWSTREET CAPITAL, LIMITED PARTNERSHIP−$252Kα+0.1NORTHERN TRUST CORP−$218Kα-0.2JANE STREET GROUP, LLCexited−$209KAMERICAN CENTURY COMPANIES INC−$134Kα+0.7RENAISSANCE TECHNOLOGIES LLC−$117Kα+1.2DIMENSIONAL FUND ADVISORS LP−$49Kα-0.4LSV ASSET MANAGEMENT−$21Kα+0.0
New buyers this quarter
Top-5 holders · 65.2%
NORTHERN TRUST CORP--
DIMENSIONAL FUND ADVISORS LP--
Minerva Advisors LLC--
VANGUARD CAPITAL MANAGEMENT LLC--
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Minerva Advisors LLC137KInvesco Ltd.—RENAISSANCE TECHNOLOGIES LLC99KPUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.101KAMERICAN CENTURY COMPANIES INC50KDe Lisle Partners LLP53KO'SHAUGHNESSY ASSET MANAGEMENT, LLC—ROYCE & ASSOCIATES LP48KMILLENNIUM MANAGEMENT LLC—BRIDGEWAY CAPITAL MANAGEMENT, LLC12K
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$1.16M
16 txns · 3 insiders · 26,599 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-01-07 | SELL | HULL THOMAS DAVID III | director, officer: President, CEO | 2,177 | $37.50 | $82K | $1.24M |
| 2026-01-06 | SELL | Gardner Donald T. III | officer: Chief Financial Officer | 2,000 | $37.57 | $75K | $359K |
| 2025-12-31 | SELL | HULL THOMAS DAVID III | director, officer: President, CEO | 629 | $37.66 | $24K | $1.32M |
| 2025-12-30 | SELL | HULL THOMAS DAVID III | director, officer: President, CEO | 29 | $38.00 | $1K | $1.36M |
| 2025-12-29 | SELL | HULL THOMAS DAVID III | director, officer: President, CEO | 884 | $38.01 | $34K | $1.36M |
| 2025-12-22 | SELL | HULL THOMAS DAVID III | director, officer: President, CEO | 1,000 | $39.00 | $39K | $1.43M |
| 2025-12-17 | SELL | HULL THOMAS DAVID III | director, officer: President, CEO | 1,000 | $39.00 | $39K | $1.47M |
| 2025-10-09 | SELL | Gardner Donald T. III | officer: Chief Financial Officer | 3,000 | $42.76 | $128K | $494K |
| 2025-10-02 | SELL | Phillips Elizabeth D | officer: VP - Human Resources | 6,880 | $43.20 | $297K | $356K |
| 2025-10-01 | SELL | HULL THOMAS DAVID III | director, officer: President, CEO | 1,000 | $43.09 | $43K | $1.67M |
| 2025-09-29 | SELL | HULL THOMAS DAVID III | director, officer: President, CEO | 1,854 | $43.42 | $81K | $1.72M |
| 2025-09-24 | SELL | HULL THOMAS DAVID III | director, officer: President, CEO | 1,000 | $43.62 | $44K | $1.81M |
| 2025-09-23 | SELL | HULL THOMAS DAVID III | director, officer: President, CEO | 721 | $44.00 | $32K | $1.87M |
| 2025-09-19 | SELL | HULL THOMAS DAVID III | director, officer: President, CEO | 773 | $45.34 | $35K | $1.96M |
| 2025-09-18 | SELL | HULL THOMAS DAVID III | director, officer: President, CEO | 652 | $46.00 | $30K | $2.03M |
| 2025-07-24 | SELL | Gardner Donald T. III | officer: Chief Financial Officer | 3,000 | $58.59 | $176K | $853K |
Order Flow (FINRA, ~3w lag)
55.3%retail+7.8pp
8.5%dark+1.5pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Kewaunee Scientific Corporation: Refinancing Triumph vs. Failed Sale-Leaseback Leverage
Overall Risk
4/10
Fraud
2/10
Dilution
3/10
Insolvency
3/10
Earnings Overstated
4/10
Hidden Liabilities
5/10
Legal
2/10
Audit Warnings
2/10
Hidden Upside
7/10
Contextually Acceptable
8/10