Saturday 17 October 2026
Export KKR’s income statement to Excel — free account
KKR & Co. Inc.
KKR Financial Asset Management
KKR & Co. Inc.’s revenue for fiscal 2025 (year ended December 2025) was $19.5 billion, down 11.0% from fiscal 2024. In the quarter to June 2026, revenue grew 12.5%, EPS grew 39.6%, free cash flow grew 762.7% and total debt rose 4.43%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years; insiders bought in the last twelve months.
86.21
1.42
−1.62%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 10.89 | 15.51 | 18.30 | 18.58 | 15.55 | 37.49 | 41.77 | 46.31 | 78.95 | 86.15 |
Analyst estimates 2026–2028 Powerpack |
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| High | 17.57 | 21.41 | 28.73 | 30.18 | 40.71 | 83.90 | 75.19 | 85.66 | 163.68 | 170.40 | |||||
| People | |||||||||||||||
| People | Employees | 1,200 | 1,184 | 1,301 | 1,384 | 1,583 | 3,238 | 4,150 | 4,490 | 4,834 | 5,043 | ||||
| Revenue/emp, $m | 1.70 | 3.00 | 1.84 | 3.05 | 2.67 | 5.01 | 1.37 | 3.23 | 4.53 | 3.86 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 2,040 | 3,557 | 2,396 | 4,221 | 4,231 | 16,226 | 5,704 | 14,499 | 21,879 | 19,464 | ||||
| Gross margin, % | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 68.10 | 48.80 | 50.42 | 35.85 | 41.81 | |||||
| EBT | 975 | 2,784 | 2,257 | 5,168 | 5,727 | 13,847 | (292) | 6,555 | 5,860 | 7,099 | |||||
| EBT margin, % | 47.80 | 78.27 | 94.20 | 122.45 | 135.35 | 85.34 | (5.12) | 45.21 | 26.79 | 36.47 | |||||
| Net income | 951 | 2,560 | 2,451 | 4,640 | 5,118 | 12,452 | (418) | 5,357 | 4,906 | 6,145 | |||||
| Depreciation | — | — | — | (34) | (64) | 387 | 364 | 68 | (119) | (163) | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 4.54 | 7.60 | 4.66 | 7.74 | 7.52 | 27.87 | 7.61 | 16.71 | 24.67 | 21.86 | ||||
| Earnings | 0.64 | 2.10 | 2.14 | 3.62 | 3.45 | 7.83 | (1.21) | 4.24 | 3.47 | 2.51 | |||||
| Cash flow | (3.21) | (7.54) | (14.80) | (10.42) | (10.58) | (12.33) | (7.04) | (1.72) | 7.50 | 0.54 | |||||
| Capex | (0.14) | (0.21) | (0.15) | (0.38) | (0.27) | (0.18) | (0.11) | (0.12) | (0.16) | (0.18) | |||||
| Free cash flow | (3.35) | (7.75) | (14.95) | (10.80) | (10.85) | (12.50) | (7.16) | (1.85) | 7.34 | 0.36 | |||||
| Book value | 36.72 | 42.82 | 47.19 | 55.96 | 72.49 | 99.71 | 73.67 | 66.59 | 68.09 | 88.64 | |||||
| Shares, m | 449 | 468 | 514 | 545 | 563 | 582 | 750 | 867 | 887 | 890 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 24.35 | 10.15 | 9.05 | 8.06 | 11.91 | 9.49 | 0.00 | 19.18 | 41.90 | 50.59 | ||||
| P/S | 3.48 | 2.91 | 4.36 | 3.77 | 5.39 | 2.67 | 6.13 | 4.86 | 6.00 | 5.83 | |||||
| P/B | 0.44 | 0.53 | 0.44 | 0.53 | 0.58 | 0.76 | 0.65 | 1.22 | 2.17 | 1.49 | |||||
| EV/Sales | 10.44 | 7.82 | 12.58 | 9.40 | 11.63 | 4.40 | 11.28 | 6.70 | 7.56 | 7.67 | |||||
| EV/FCF | (14.15) | (7.66) | (3.92) | (6.74) | (8.06) | (9.81) | (11.99) | (60.67) | 25.43 | 470.94 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (1,441) | (3,532) | (7,606) | (5,682) | (5,954) | (7,177) | (5,279) | (1,494) | 6,650 | 478 | ||||
| Capex | (64) | (98) | (79) | (207) | (153) | (102) | (85) | (108) | (142) | (161) | |||||
| Free cash flow | (1,505) | (3,630) | (7,685) | (5,890) | (6,107) | (7,279) | (5,364) | (1,602) | 6,508 | 317 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 1,256 | 312 | 279 | 571 | 2,283 | (150,231) | (158,070) | (185,079) | (227,262) | (252,273) | ||||
| Total debt | 18,544 | 21,194 | 22,341 | 27,013 | 33,424 | 38,578 | 42,727 | 47,475 | 49,647 | 52,938 | |||||
| Net debt | 14,198 | 17,458 | 19,700 | 23,776 | 26,430 | 28,051 | 29,341 | 26,667 | 34,279 | 35,786 | |||||
| Shareholders’ equity | 16,486 | 20,052 | 24,260 | 30,502 | 40,800 | 58,057 | 55,219 | 57,763 | 60,400 | 78,922 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 0.52 | 2.32 | 2.27 | 3.53 | 2.77 | 2.69 | (0.22) | 1.24 | 0.91 | 0.58 | ||||
| ROIC | 0.70 | 2.03 | 0.44 | 1.51 | 1.21 | 3.68 | (0.15) | 1.71 | 0.77 | 0.41 | |||||
| ROE | 0.88 | 5.54 | 5.06 | 7.33 | 5.62 | 9.63 | (1.06) | 6.58 | 5.21 | 3.29 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
KKR & Co. Inc. vs peers in Asset Management (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| BLK BlackRock | $182.1B | 24.5× | 14.8× | +19.10% (above 0%: growing) | +45.24% (above 0%: growing) | −12.31% (below 0%: shrinking) | 100.00% | 30.03% | Compare |
| BX Blackstone Inc. | $135.6B | 23.8× | 19.3× | +35.89% (above 0%: growing) | +57.14% (above 0%: growing) | +125.08% (above 0%: growing) | 100.00% | 55.78% | Compare |
| KKR KKR & Co. Inc. | $78.7B | 25.7× | 25.9× | +12.52% (above 0%: growing) | +39.62% (above 0%: growing) | +762.68% (above 0%: growing) | 37.79% | 6.89% | |
| BAM Brookfield Asset Management Ltd. | $75.3B | 26.0× | 24.1× | +60.83% (above 0%: growing) | +47.37% (above 0%: growing) | +3.02% (above 0%: growing) | 100.00% | 65.83% | Compare |
| APO Apollo Global Management Inc. | $66.1B | 39.6× | 15.6× | +63.68% (above 0%: growing) | +118.00% (above 0%: growing) | +128.29% (above 0%: growing) | 100.00% | 22.42% | Compare |
| STT State Street Corporation | $46.0B | 13.1× | 13.4× | +5.36% (above 0%: growing) | +40.48% (above 0%: growing) | +65.74% (above 0%: growing) | 66.12% | 0.00% | Compare |
| AMP Ameriprise Financial, Inc. | $44.4B | 11.9× | 10.7× | +12.91% (above 0%: growing) | +11.40% (above 0%: growing) | +65.06% (above 0%: growing) | 100.00% | 29.70% | Compare |
| ARES Ares Management Corporation | $37.7B | 51.5× | 21.0× | +5.81% (above 0%: growing) | +6.52% (above 0%: growing) | −197.89% (below 0%: shrinking) | 100.00% | 17.40% | Compare |
| NTRS Northern Trust Corporation | $30.3B | 14.1× | 15.2× | +16.99% (above 0%: growing) | +98.60% (above 0%: growing) | −113.28% (below 0%: shrinking) | 64.06% | 0.00% | Compare |
| Median of peers | $56.1B | 24.2× | 15.4× | +18.05% | +46.31% | +34.04% | 100.00% | 26.06% |
KKR metrics, ten years each
- 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
- 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
- Piotroski F-score
KKR & Co. Inc. (KKR) key facts
- Concern: KKR & Co. Inc.’s revenue for fiscal 2025 (year ended December 2025) was $19.5 billion, down 11.0% from fiscal 2024.
- KKR & Co. Inc. (KKR) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
- As of October 16, 2026, KKR traded at $86.21, a market capitalization of $78.7 billion.
- KKR & Co. Inc. pays an annual dividend of $0.76 per share, a yield of 0.88%, with a payout ratio of 24.2%.
- Return on equity was 3.29% and debt-to-equity 0.69.
- Its Piotroski F-score is 5 out of 9 for fiscal 2025.