Korn/Ferry International
KFY Industrials Staffing & Employment Services
Korn/Ferry International’s revenue for fiscal 2026 (year ended April 2026) was $2.9 billion, up 6.43% from fiscal 2025. In the quarter to July 2026, revenue grew 6.86%, EPS grew 5.47%, free cash flow fell 2.15% and total debt was flat, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
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Korn/Ferry International (KFY) Altman Z-score
Korn/Ferry International's Altman Z-score for fiscal 2026 is 2.89, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 2.89 | 0.09 |
| FY2025 | 2.80 | 0.10 |
| FY2024 | 2.69 | 0.09 |
| FY2023 | 2.60 | (0.35) |
| FY2022 | 2.95 | 0.24 |
| FY2021 | 2.71 | 0.51 |
| FY2020 | 2.20 | (0.97) |
| FY2019 | 3.17 | (0.18) |
| FY2018 | 3.35 | 0.71 |
| FY2017 | 2.64 | 0.42 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.23 | — | 0.27 | |
| Retained earnings / total assets | 0.43 | — | 0.61 | |
| EBIT / total assets | 0.09 | — | 0.30 | |
| Market value of equity / total liabilities | 1.64 | — | 0.98 | |
| Sales / total assets | 0.72 | — | 0.72 | |
| Altman Z-score | Grey zone | 2.89 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.52 | ||
Z and Z″ put Korn/Ferry International in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| KFRC Kforce, Inc. compare | 7.9× |
| NSP Insperity, Inc. compare | 3.9× |
| BBSI Barrett Business Services, Inc. compare | 3.4× |
| KFY Korn/Ferry International | 2.9× |
| MAN ManpowerGroup Inc. compare | 2.8× |
| KELYB Kelly Services, Inc. compare | 2.8× |
| TNET TriNet Group, Inc. compare | 1.6× |
| HHR HeadHunter Group PLC Sponsored ADR compare | — |
| RHI Robert Half Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets