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Kimball Electronics, Inc. provides electronics, assemblies, and contract manufacturing organization solutions. The company offers electronics manufacturing services, including engineering and supply chain support to customers in the automotive, medical, and industrial end markets, as well as contract manufacturing organization solutions comprising the production of medical disposables and drug delivery services, such as precision molded plastics, cold chain management, and drug integration. It also engages in the production and testing of printed circuit board assemblies; assembly of medical, automotive, and industrial products; and clean room assembly, cold chain, and product sterilization management activities. In addition, the company offers design services and support, supply chain services and support, rapid prototyping and new product introduction support, product design and process validation and qualification, industrialization and automation of manufacturing processes, reliability testing, aftermarket services, and product life cycle management services. It operates in the United States, China, Mexico, Poland, Romania, Thailand, India, Japan, Vietnam, and internationally. Kimball Electronics, Inc. was founded in 1961 and is headquartered in Jasper, Indiana.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.5B | $78M | $17M | $150M | 3.0% | -13.3% | -17.2% |
| 2024 | $1.7B | $86M | $21M | $26M | 3.8% | -6.0% | -63.3% |
| 2023 | $1.8B | $123M | $56M | $-104M | 10.7% | 35.1% | 78.6% |
| 2022 | $1.3B | $76M | $31M | $-158M | 6.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,349.54 | 1,823.43 | 1,714.51 | 1,486.73 |
| Operating Revenue | - | 1,349.54 | 1,823.43 | 1,714.51 | 1,486.73 |
| Cost Of Revenue | - | 1,244.93 | 1,667.26 | 1,574.25 | 1,382.32 |
| Gross Profit | - | 104.60 | 156.16 | 140.26 | 104.40 |
| Operating Expense | - | 52.05 | 68.44 | 65.73 | 50.27 |
| Selling General And Administration | - | 53.44 | 68.65 | 66.63 | 50.27 |
| Total Expenses | - | 1,296.99 | 1,735.70 | 1,639.99 | 1,432.59 |
| Operating Income | - | 52.55 | 87.73 | 74.52 | 54.13 |
| Total Operating Income As Reported | - | 52.55 | 87.73 | 49.28 | 45.54 |
| EBITDA | - | 75.80 | 123.42 | 86.07 | 77.97 |
| Normalized EBITDA | - | 81.54 | 119.95 | 112.06 | 87.70 |
| EBIT | - | 46.39 | 91.01 | 48.04 | 40.97 |
| Interest Income | - | 0.08 | 0.15 | 0.64 | 0.77 |
| Interest Expense | - | 2.66 | 16.26 | 22.84 | 14.74 |
| Net Interest Income | - | -3.26 | -16.82 | -23.07 | -14.99 |
| Other Non Operating Income Expenses | - | 0.19 | 0.37 | -0.26 | -3.18 |
| Other Income Expense | - | -5.55 | 3.84 | -26.25 | -12.91 |
| Interest Income Non Operating | - | 0.08 | 0.15 | 0.64 | 0.77 |
| Interest Expense Non Operating | - | 2.66 | 16.26 | 22.84 | 14.74 |
| Net Non Operating Interest Income Expense | - | -3.26 | -16.82 | -23.07 | -14.99 |
| Pretax Income | - | 43.73 | 74.74 | 25.20 | 26.23 |
| Tax Provision | - | 12.48 | 18.91 | 4.69 | 9.24 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.64 | 0.88 | -4.84 | -3.43 |
| Net Income Continuous Operations | - | 31.25 | 55.83 | 20.51 | 16.98 |
| Net Income From Continuing And Discontinued Operation | - | 31.25 | 55.83 | 20.51 | 16.98 |
| Net Income From Continuing Operation Net Minority Interest | - | 31.25 | 55.83 | 20.51 | 16.98 |
| Net Income | - | 31.25 | 55.83 | 20.51 | 16.98 |
| Net Income Common Stockholders | - | 31.21 | 55.75 | 20.49 | 16.96 |
| Net Income Including Noncontrolling Interests | - | 31.25 | 55.83 | 20.51 | 16.98 |
| Normalized Income | - | 35.36 | 53.24 | 41.67 | 23.29 |
| Diluted NI Availto Com Stockholders | - | 31.21 | 55.75 | 20.49 | 16.96 |
| Basic Average Shares | - | 25.12 | 24.90 | 25.08 | 24.78 |
| Diluted Average Shares | - | 25.22 | 25.08 | 25.28 | 25.02 |
| Reconciled Depreciation | - | 29.41 | 32.42 | 38.03 | 36.99 |
| Reconciled Cost Of Revenue | - | 1,244.93 | 1,667.26 | 1,574.25 | 1,382.32 |
| Total Unusual Items | - | -5.74 | 3.47 | -25.99 | -9.74 |
| Total Unusual Items Excluding Goodwill | - | -5.74 | 3.47 | -25.99 | -9.74 |
| Special Income Charges | - | 0 | 0 | -25.25 | -8.60 |
| Write Off | - | 0 | 0 | 17.04 | -2.39 |
| Impairment Of Capital Assets | - | 0 | 0 | 5.82 | 0 |
| Restructuring And Mergern Acquisition | - | 0 | 0 | 2.39 | 10.99 |
| Gain On Sale Of Security | - | -5.74 | 3.47 | -0.74 | -1.14 |
| Total Other Finance Cost | - | 0.69 | 0.71 | 0.87 | 1.02 |
| Other Operating Expenses | -0.37 | -1.38 | -0.21 | -0.89 | - |
| Otherunder Preferred Stock Dividend | - | 0.04 | 0.08 | 0.02 | 0.02 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Kimball Electronics, Inc.this co. | KE | $634M | 37.31↑ premium | 1.11 | 3.0% | 8.87 |
| Smith & Wesson Brands, Inc. | SWBI | $675M | 50.28 | 1.81 | 3.6% | 13.72 |
| Safe Bulkers, Inc. | SB | $652M | 16.90 | 0.78 | 4.6% | 8.16 |
| Ardmore Shipping Corporation | ASC | $652M | 15.89 | 1.03 | 6.5% | 9.11 |
| Hyster-Yale, Inc. | HY | $645M |
| - |
| - |
| - |
| - |
| - |
| - |
| -10.74 |
| 1.37 |
| -12.7% |
| 34.14 |
| Latham Group, Inc. | SWIM | $639M | 57.42 | 1.57 | 2.7% | 9.70 |
| Sturm, Ruger & Company, Inc. | RGR | $628M | - | 2.21 | -1.5% | 33.97 |
| Richtech Robotics Inc. | RR | $610M | -38.75 | 2.26 | -5.8% | -31.05 |
| Cass Information Systems, Inc. | CASS | $606M | 17.25 | 2.49 | 14.5% | - |
| Peer Median | - | 16.90 | 1.69 | 3.2% | 9.70 | |