KKR & Co Inc KKRT

FinancialsInvestment Banking & Investment ServicesUnited States of America

Last close 22.52 USD on Nov 1, 2026, −7.1% year to date

Quant rating

Quant rating C Rank 357 of 799 in Financials

Growth B 151 of 799
Valuation B 223 of 799
Quality B 149 of 799
Revisions C 377 of 799
Momentum D 673 of 799

Wall Street consensus Buy (1.96)Average target 121.45 USD +439.3%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 84.7B
Enterprise value: 169.7B
52-week range: 22.24 – 26.11
3-year range: 22.24 – 26.11
Dividend yield: 7.63%
Beta (5 years): –
Shares outstanding: 898M
Next earnings: Nov 9, 2026

About the company

KKR & Co. Inc. is a global investment firm that offers alternative asset management as well as capital markets and insurance solutions. The Company’s segments include Asset Management, Insurance and Strategic Holdings. Asset Management segment offers a range of investment management services to investment funds, vehicles and accounts and provides capital markets services to portfolio companies and third parties. Asset Management segment includes five business lines: Private Equity, Real Assets, Credit and Liquid Strategies, Capital Markets and Principal Activities. Insurance segment is operated by Global Atlantic, which is a United States retirement and life insurance company that provides a suite of protection, legacy and savings products and reinsurance solutions to clients across individual and institutional markets. Global Atlantic offers individuals fixed-rate annuities and others. Strategic Holdings segment represents its participation in its core private equity strategy.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	20,454	22,965	15,197	6,663	16,918	–
Revenue growth	−10.9%	51.1%	128.1%	−60.6%	273.4%	35.2%
EPS (basic, normalized)	5.05	4.70	3.42	3.90	4.44	–
EPS growth	7.4%	37.4%	−12.3%	−12.2%	–	–
Gross margin	38.2%	33.9%	49.0%	46.0%	66.5%	46.7%
Net margin	10.9%	13.4%	24.2%	−8.9%	27.3%	13.4%
ROE	16.6%	18.1%	43.5%	19.6%	25.0%	24.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	21,080
Current ratio	–
Long-term debt (mil)	53,254
Net debt (mil)	84,958
Total equity (mil)	31,047
Net debt / equity	2.74x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	20,454	−10.9%	8.3x	31.81	+9.8%	0.7x	5.05	+7.4%	4.5x
2026	11,105	−45.7%	15.3x	62.34	+95.9%	0.4x	7.87	+55.8%	2.9x
2027	12,215	+10.0%	13.9x	67.55	+8.4%	0.3x	7.16	−9.0%	3.1x
2028	13,863	+13.5%	12.2x	67.84	+0.4%	0.3x	8.31	+16.1%	2.7x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	11,105	+6.1%	+6.0%	+17.2%	7.87	+14.0%	+26.9%	+27.9%
2027	12,215	−1.4%	−1.0%	+2.8%	7.16	−2.3%	−2.4%	−6.3%
2028	13,863	−1.3%	−0.4%	−10.4%	8.31	−2.4%	−2.1%	−3.8%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	1,956	1,560	2,269	1,426	2,046	1,835	1,744	2,210	2,029	2,203
Sales mean (mil)	1,497	1,594	1,786	1,952	1,813	1,708	2,208	2,037	2,390	2,569
Surprise	+30.7%	−2.1%	+27.0%	−27.0%	+12.8%	+7.5%	−21.0%	+8.5%	−15.1%	−14.3%
EPS reported	0.97	1.09	1.38	1.32	1.15	1.18	1.41	1.30	1.39	1.63
EPS mean	0.96	1.07	1.21	1.28	1.15	1.14	1.30	1.16	1.29	1.41
Surprise	+1.4%	+2.1%	+14.1%	+3.3%	+0.4%	+3.7%	+8.8%	+11.8%	+7.6%	+15.4%

Peer comparison Investment Banking & Investment Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
KKRT KKR & Co Inc	84.7B	14.26x	10.9%	2.73x	2.9x	3.1x	19.4x	19.2x
BN Brookfield Corporation	96.3B	–	1.5%	1.88x	13.8x	11.0x	37.1x	43.2x
ICE Intercontinental Exchange, Inc.	94.4B	3.42x	26.2%	3.15x	20.6x	18.9x	15.5x	14.6x
KKR KKR & Co Inc	84.7B	14.26x	10.9%	2.73x	12.0x	13.2x	19.4x	19.2x
BAM BROOKFIELD ASSET MANAGEMENT LTD	79.1B	2.81x	53.3%	10.26x	26.4x	22.3x	24.7x	20.8x
BAM BROOKFIELD ASSET MANAGEMENT LTD	79.1B	2.92x	53.3%	10.26x	26.0x	22.5x	–	–
Mean		7.54x	26.0%	5.17x	16.9x	15.2x	23.2x	23.4x
Median		3.42x	18.6%	2.94x	17.2x	16.0x	19.4x	19.2x

Technical analysis

1M−1.2%
3M−1.5%
1Y−6.2%
3Y−4.0%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, KKR & Co Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	20,454	22,965	15,197	6,663	16,918	4,530
Cost of revenue	12,643	15,177	7,747	3,596	5,667	299
Gross profit	7,811	7,788	7,450	3,068	11,252	4,231
Selling, general & administrative expenses	7,001	6,433	4,841	2,880	5,966	2,915
Research & development	–	–	–	–	–	–
Depreciation/amortization	81.4	71.6	68.4	54.6	46.5	18.6
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	26.7	0	0	–
Other operating expenses	277	390	373	427	228	0
Operating income	452	893	2,141	−294	5,012	1,298
Net interest income (expense)	6,647	4,968	4,414	1.4	8,835	4,429
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	7,099	5,860	6,555	−292	13,847	5,727
Provision for taxes	954	954	1,198	125	1,395	609
Minority interest	−3,775	−1,830	−1,625	−104	−7,719	−3,115
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	2,370	3,076	3,732	−522	4,732	2,003
Extraordinary items	–	–	–	–	–	–
Net income	2,370	3,076	3,732	−522	4,732	2,003
EBIT, normalized	452	893	2,167	−294	5,012	1,298
EBITDA, normalized	554	964	2,236	−239	5,058	1,316
Basic EPS, normalized	5.05	4.70	3.42	3.90	4.44	–

Balance sheet in millions of USD, fiscal years

Balance sheet, KKR & Co Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	16,892	14,878	20,349	12,824	10,092	6,508
Receivables	1,430	915	755	500	773	1,063
Total inventory	–	–	–	–	–	–
Prepaid expenses	92.1	57.6	56.8	48.2	29.3	26.4
Other current assets	–	–	–	–	–	–
Total current assets	–	–	–	–	–	–
Property, plant & equipment	1,839	1,769	1,395	1,377	1,209	951
Goodwill	1,030	1,020	1,060	594	83.5	83.5
Intangibles	7,519	6,657	6,075	4,079	1,407	–
Long-term investments	322,266	278,454	241,452	218,238	213,763	70,148
Note receivable	–	–	–	–	–	–
Other long-term assets	77,490	72,200	67,312	51,058	47,822	8,624
Total assets	410,144	360,099	317,294	275,347	264,285	79,807
Liabilities
Accounts payable	5,876	4,171	2,665	1,873	3,650	1,917
Payable/accrued	633	426	222	217	188	131
Accrued expenses	4,081	3,246	2,962	5,578	3,868	524
Short-term debt	799	371	1,508	159	249	282
Current portion of long-term debt	0	31.8	–	–	–	–
Other current liabilities	–	–	–	–	–	–
Total current liabilities	–	–	–	–	–	–
Long-term debt	52,938	49,615	47,475	42,727	38,578	33,424
Minority interest	50,729	38,333	35,520	36,563	40,557	27,083
Other liabilities	275,574	248,499	211,441	177,249	167,568	5,583
Total liabilities	379,242	336,448	294,436	256,539	246,703	66,090
Shareholders' equity
Preferred stock	–	–	–	–	2.6	483
Common stock	8.9	8.9	8.8	8.6	6.0	8.5
Additional paid-in capital	19,041	18,407	17,549	16,284	8,997	8,688
Retained earnings (accumulated deficit)	13,884	12,283	9,818	6,701	7,670	3,441
Treasury stock	–	–	–	–	–	–
Other equity	−2,032	−7,047	−4,518	−4,186	906	1,097
Total equity	30,903	23,652	22,859	18,808	17,582	13,717
Total liabilities & shareholders' equity	410,144	360,099	317,294	275,347	264,285	79,807

Cash flow statement in millions of USD, fiscal years

Cash flow statement, KKR & Co Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	6,145	4,906	5,357	−1,024	12,295	5,118
Depreciation, depletion & amortization	–	–	–	–	–	–
Deferred taxes	–	–	–	–	–	–
Non-cash items	693	1,353	275	7,620	−11,148	−5,593
Changes in working capital	−6,360	391	−7,126	−11,875	−8,323	−5,478
Cash from operations	478	6,650	−1,494	−5,279	−7,177	−5,954
Investing activities
Capital expenditures	−161	−142	−108	−85.1	−102	−142
Other investing cash flows	−16,121	−18,906	−3,775	−13,562	−9,503	−11.1
Cash from investing	−16,282	−19,047	−3,883	−13,647	−9,606	−153
Financing activities
Financing cash flow items	13,835	4,354	10,101	16,453	12,786	4,040
Cash dividends paid	−769	−612	−615	−513	−420	−354
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	4,365	3,335	3,288	6,116	7,997	6,118
Cash from financing	17,432	7,076	12,774	22,055	20,364	9,804
Foreign exchange effects	156	−119	25.4	−270	−48.9	59.4
Net change in cash	1,784	−5,440	7,423	2,859	3,533	3,756
Free cash flow	317	6,508	−1,602	−5,364	−7,279	−6,096

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.