Forensic Analysis · Communications Equipment & Electronic Components · as of Nov 9, 2026
Kimball Electronics, Inc. (KE)
A forensic read on Kimball Electronics, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
4.9
Distress distance
Clean
Earnings quality
2
Forensic signals
4.8%
ROE
-3.7%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Kimball Electronics, Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 4.9, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
6.3%
FY2026
Return on invested capital.Return on invested capital is 6.3% in the latest fiscal year, against 4.9% in FY2024, having run between 3.9% and 6.3% across FY2024–FY2026 with no direction held. After-tax operating profit was $40M in FY2024 and $43M in FY2026, with operating income at 2.9% of revenue in FY2024, 3.1% in FY2025 and 4.6% in FY2026. The capital base behind it came down -16% across FY2024–FY2026, from $814M to $683M, so this return is struck on a smaller base than it started on. FY2024's operating profit carried a $17M asset write-down, a $6M goodwill write-off and a $2M restructuring charge that alone took about 2.5 points off that year's return, so more than the whole 1.4-point rise across FY2024–FY2026 is that charge leaving the base year rather than the capital earning more. FY2025's operating profit carried a $11M restructuring charge that alone took about 1.0 points off that year's return; FY2025 sits between the two ends of FY2024–FY2026, so the charge shapes the path between them without moving the change across it. A non-cash write-down lowers the reported return in the year it lands.
$6M
FY2024
Goodwill impairments.Took $6M of goodwill writedowns across 1 year (FY2024 ($6M)) — about 28% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.
Key fundamentals
Latest Revenue$1.43B
Revenue Growth YoY-3.7%
Revenue CAGR (2yr)-8.6%
Net Margin2.0%
Free Cash Flow$20.6M
Return on Equity4.8%
Debt / Equity0.21x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Kimball Electronics, Inc.'s actual 10-K/10-Q/8-K filings?