Kyndryl Holdings, Inc.
KD Technology Information Technology Services
Kyndryl Holdings, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $15.1 billion, roughly unchanged from fiscal 2025.
- Revenue
- −1.88%
- EPS
- −6.69%
- Free cash flow
- −243.5%
- Total debt
- +29.8%
Quarter to September 2026, against a year earlier
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Kyndryl Holdings, Inc. (KD) Piotroski F-score
Kyndryl Holdings, Inc.'s Piotroski F-score for fiscal 2026 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 6 | 0.00 |
| FY2025 | 6 | 0.00 |
| FY2024 | 6 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 1.72% | 2.40% | Pass | 1 |
| Positive operating cash flow | 948.00m | 942.00m | Pass | 1 |
| Rising return on assets | 1.72% | 2.40% | Fail | 0 |
| Cash flow above net income | 750.00m | 690.00m | Pass | 1 |
| Falling long-term leverage | 0.20 | 0.29 | Pass | 1 |
| Rising current ratio | 0.88 | 1.07 | Fail | 0 |
| No new shares issued | 228,300,000 | 231,500,000 | Pass | 1 |
| Rising gross margin | 21.79% | 20.87% | Pass | 1 |
| Rising asset turnover | 1.31 | 1.43 | Fail | 0 |
| Piotroski F-score | Mixed | 6 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| KD Kyndryl Holdings, Inc. | 6 |
| GDS GDS Holdings compare | 6 |
| DXC DXC Technology Company. compare | 6 |
| PSN Parsons Corporation compare | 5 |
| APLD Applied Digital Corporation compare | 5 |
| PENG Penguin Solutions, Inc. compare | 3 |
| MAAS Maase Inc. - Sponsored ADR compare | 3 |
| CIFR Cipher Digital Inc. compare | 3 |
| CSQR Csquare, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Altman Z-score
- Beneish M-score
- The full statement