KD · Kyndryl Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|
| Revenue | $15.06B | $16.05B | $17.03B | $19.35B | - |
| Cost of Revenue | $11.91B | $13.19B | $14.50B | $17.14B | - |
| Gross Profit | $3.14B | $2.86B | $2.53B | $2.21B | - |
| R&D | $49.00M | $58.00M | $79.00M | $76.00M | - |
| SG&A | $2.59B | $2.77B | $2.91B | $2.95B | - |
| Total Operating Expenses | - | - | - | - | - |
| D&A | $660.00M | $834.00M | $900.00M | $1.45B | - |
| Operating Income | $435.00M | ($168.00M) | ($851.00M) | ($1.77B) | - |
| Interest Expense | $100.00M | $122.00M | $94.00M | $63.00M | - |
| Income Tax | $184.00M | $172.00M | $524.00M | $246.00M | - |
| Net Income | $252.00M | ($340.00M) | ($1.37B) | ($2.01B) | - |
| EPS - Basic | $1.09 | ($1.48) | ($6.06) | ($8.97) | - |
| EPS - Diluted | $1.05 | ($1.48) | ($6.06) | ($8.97) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.79B | $1.55B | $1.85B | $2.22B | - |
| Accounts Receivable | $1.34B | $1.60B | $1.52B | $2.28B | - |
| Inventory | - | - | - | - | - |
| Accounts Payable | $1.35B | $1.41B | $1.77B | $1.14B | - |
| Current Assets | $4.59B | $4.75B | $4.96B | $5.78B | - |
| Total Assets | $10.45B | $10.59B | $11.46B | $13.21B | - |
| Current Liabilities | $4.30B | $4.59B | $4.87B | $4.54B | - |
| Long-term Debt | $2.90B | $2.90B | $3.00B | $3.13B | - |
| Total Liabilities | $9.12B | $9.47B | $10.00B | $10.51B | - |
| Stockholders' Equity | $1.22B | $1.01B | $1.36B | $2.70B | $5.94B |
| Retained Earnings | ($2.07B) | ($2.32B) | ($1.98B) | ($375.00M) | - |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|
| Operating Cash Flow | $942.00M | $454.00M | $781.00M | $628.00M | - |
| Investing Cash Flow | ($404.00M) | ($553.00M) | ($835.00M) | ($953.00M) | - |
| Financing Cash Flow | ($286.00M) | ($170.00M) | ($141.00M) | $312.00M | - |
| CapEx | $605.00M | $651.00M | $1.04B | $1.04B | - |
| Free Cash Flow | $337.00M | ($197.00M) | ($255.00M) | ($408.00M) | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 20.9% | 17.8% | 14.8% | 11.4% | - |
| Operating margin | 2.9% | -1.0% | -5.0% | -9.1% | - |
| EBITDA margin | 7.3% | 4.1% | 0.3% | -1.7% | - |
| Net margin | 1.7% | -2.1% | -8.1% | -10.4% | - |
| Free cash flow margin | 2.2% | -1.2% | -1.5% | -2.1% | - |
| FCF / Net income | 1.34 | 0.58 | 0.19 | 0.20 | - |
| R&D / Revenue | 0.3% | 0.4% | 0.5% | 0.4% | - |
| SG&A / Revenue | 17.2% | 17.3% | 17.1% | 15.2% | - |
| Effective tax rate | 42.2% | - | - | - | - |
| Return on assets | 2.4% | -3.2% | -12.0% | -15.2% | - |
| Return on equity | 20.7% | -33.5% | -100.7% | -74.5% | - |
| Return on invested capital | 6.1% | -3.4% | -15.4% | -23.9% | - |
| Liquidity | |||||
| Current ratio | 1.07 | 1.03 | 1.02 | 1.27 | - |
| Quick ratio | 1.07 | 1.03 | 1.02 | 1.27 | - |
| Cash ratio | 0.42 | 0.34 | 0.38 | 0.49 | - |
| Leverage | |||||
| Debt / Equity | 2.38 | 2.86 | 2.20 | 1.16 | - |
| Debt / Assets | 0.28 | 0.27 | 0.26 | 0.24 | - |
| Debt / EBITDA | 2.65 | 4.35 | 61.22 | - | - |
| Interest coverage | 4.3x | -1.4x | -9.1x | -28.0x | - |
| Equity multiplier | 8.57 | 10.43 | 8.40 | 4.89 | - |
| Liabilities / Assets | 0.87 | 0.89 | 0.87 | 0.80 | - |
| Efficiency | |||||
| Asset turnover | 1.44 | 1.52 | 1.49 | 1.46 | - |
| Inventory turnover | - | - | - | - | - |
| Days sales outstanding | 33d | 36d | 33d | 43d | - |
| Days inventory outstanding | - | - | - | - | - |
| Days payable outstanding | 41d | 39d | 45d | 24d | - |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | 29.9x | - | - | - | - |
| P / B | 6.2x | 4.9x | 2.5x | 1.5x | - |
| P / S | 0.5x | 0.3x | 0.2x | 0.2x | - |
| EV / EBITDA | 7.9x | 9.5x | 91.8x | - | - |
| Growth | |||||
| Revenue growth (YoY) | -6.2% | -5.7% | - | - | - |
| Revenue CAGR (3y) | - | -6.0% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | 9.8% | 13.3% | - | - | - |
| Operating income growth (YoY) | - | 80.3% | - | - | - |
| Net income growth (YoY) | - | 75.3% | - | - | - |
| EPS growth (YoY) | - | 75.6% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | - | 22.7% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | 20.1% | -25.6% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-03-31.
Business segments
$15.09B totalPrincipal Markets Segment$5.40B · 35.8%
United States Segment$3.78B · 25.1%
Strategic Markets Segment$3.63B · 24.0%
Japan Segment$2.28B · 15.1%
Geographic
$15.09B totalCountries Excluding United States And Japan$9.02B · 59.8%
US$3.78B · 25.1%
JP$2.28B · 15.1%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.48
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Services-Computer Integrated Systems Design
Comparing Kyndryl Holdings against the 5 most active filers in the same SIC group.