Annual Income Statements for KKR & Co. Inc.
Annual Income Statements for KKR & Co. Inc.
This table shows KKR & Co. Inc.'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for KKR & Co. Inc.
This table shows KKR & Co. Inc.'s income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
121 |
323 |
844 |
1,473 |
1,040 |
682 |
668 |
601 |
1,126 |
-186 |
472 |
Consolidated Net Income / (Loss) |
|
20 |
260 |
1,126 |
2,382 |
1,589 |
1,094 |
993 |
1,435 |
1,384 |
684 |
1,354 |
Net Income / (Loss) Continuing Operations |
|
20 |
260 |
1,126 |
2,382 |
1,589 |
1,094 |
993 |
1,435 |
1,384 |
684 |
1,354 |
Total Pre-Tax Income |
|
129 |
408 |
1,451 |
2,819 |
1,876 |
1,363 |
1,210 |
1,645 |
1,643 |
771 |
1,529 |
Total Revenue |
|
2,530 |
3,269 |
4,573 |
5,135 |
5,936 |
10,676 |
5,157 |
6,391 |
4,623 |
4,602 |
6,275 |
Net Interest Income / (Expense) |
|
1,277 |
152 |
130 |
351 |
755 |
381 |
121 |
133 |
664 |
131 |
102 |
Total Interest Income |
|
1,826 |
729 |
850 |
1,075 |
1,507 |
1,135 |
904 |
855 |
1,439 |
786 |
810 |
Investment Securities Interest Income |
|
1,826 |
729 |
850 |
1,075 |
1,507 |
1,135 |
904 |
855 |
1,439 |
786 |
810 |
Total Interest Expense |
|
549 |
576 |
720 |
724 |
751 |
754 |
783 |
722 |
775 |
654 |
707 |
Long-Term Debt Interest Expense |
|
549 |
576 |
720 |
724 |
751 |
754 |
783 |
722 |
775 |
654 |
707 |
Total Non-Interest Income |
|
1,253 |
3,116 |
4,444 |
4,784 |
5,181 |
10,295 |
5,036 |
6,258 |
3,959 |
4,471 |
6,173 |
Other Service Charges |
|
1,099 |
1,028 |
1,110 |
1,012 |
1,251 |
1,079 |
1,220 |
1,541 |
1,430 |
1,281 |
1,345 |
Net Realized & Unrealized Capital Gains on Investments |
|
-401 |
1,615 |
2,707 |
3,552 |
3,275 |
3,180 |
2,880 |
4,095 |
2,224 |
2,867 |
4,097 |
Premiums Earned |
|
555 |
474 |
626 |
220 |
655 |
6,037 |
936 |
621 |
305 |
323 |
730 |
Total Non-Interest Expense |
|
2,401 |
2,860 |
3,122 |
2,316 |
4,061 |
9,313 |
3,946 |
4,746 |
2,981 |
3,831 |
4,746 |
Salaries and Employee Benefits |
|
366 |
576 |
657 |
901 |
879 |
1,316 |
895 |
1,375 |
745 |
1,333 |
1,078 |
Net Occupancy & Equipment Expense |
|
22 |
22 |
24 |
24 |
23 |
24 |
23 |
36 |
34 |
34 |
35 |
Property & Liability Insurance Claims |
|
- |
- |
- |
- |
- |
- |
2,199 |
- |
- |
- |
2,792 |
Other Operating Expenses |
|
683 |
691 |
706 |
626 |
781 |
716 |
796 |
864 |
695 |
657 |
762 |
Amortization Expense |
|
61 |
44 |
0.17 |
18 |
25 |
-3.75 |
33 |
49 |
96 |
98 |
81 |
Income Tax Expense |
|
110 |
149 |
325 |
437 |
287 |
269 |
217 |
210 |
258 |
87 |
174 |
Preferred Stock Dividends Declared |
|
17 |
17 |
17 |
17 |
- |
- |
0.00 |
0.00 |
- |
- |
38 |
Net Income / (Loss) Attributable to Noncontrolling Interest |
|
-119 |
-80 |
264 |
892 |
549 |
412 |
325 |
834 |
259 |
870 |
844 |
Basic Earnings per Share |
|
$0.27 |
$0.37 |
$0.98 |
$1.71 |
$1.18 |
$0.77 |
$0.75 |
$0.68 |
$1.27 |
($0.22) |
$0.53 |
Weighted Average Basic Shares Outstanding |
|
749.50M |
861.11M |
861.55M |
862.12M |
867.50M |
885.01M |
887.39M |
887.44M |
887.02M |
888.25M |
890.72M |
Diluted Earnings per Share |
|
$0.27 |
$0.36 |
$0.94 |
$1.64 |
$1.15 |
$0.74 |
$0.72 |
$0.64 |
$1.18 |
($0.22) |
$0.50 |
Weighted Average Diluted Shares Outstanding |
|
749.50M |
887.17M |
912.15M |
909.06M |
911.79M |
925.14M |
932.05M |
941.97M |
938.90M |
888.25M |
954.21M |
Weighted Average Basic & Diluted Shares Outstanding |
|
861.11M |
863.07M |
857.68M |
885.01M |
885.01M |
887.40M |
887.44M |
888.23M |
888.25M |
890.64M |
890.95M |
Annual Cash Flow Statements for KKR & Co. Inc.
This table details how cash moves in and out of KKR & Co. Inc.'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-388 |
130 |
1,558 |
-610 |
-1,069 |
596 |
3,756 |
3,533 |
2,859 |
7,423 |
-5,440 |
Net Cash From Operating Activities |
|
1,489 |
385 |
-1,441 |
-3,532 |
-7,606 |
-5,682 |
-5,954 |
-7,177 |
-5,279 |
-1,494 |
6,650 |
Net Cash From Continuing Operating Activities |
|
1,489 |
385 |
-1,441 |
-3,532 |
-7,606 |
-5,682 |
-5,954 |
-7,177 |
-5,279 |
-1,494 |
6,650 |
Net Income / (Loss) Continuing Operations |
|
5,395 |
5,275 |
951 |
2,560 |
2,451 |
4,640 |
5,118 |
12,452 |
-418 |
5,357 |
4,906 |
Consolidated Net Income / (Loss) |
|
5,395 |
5,275 |
951 |
2,560 |
2,451 |
4,640 |
5,118 |
12,452 |
-418 |
5,357 |
4,906 |
Depreciation Expense |
|
- |
- |
- |
- |
- |
-34 |
-64 |
387 |
364 |
68 |
-119 |
Non-Cash Adjustments to Reconcile Net Income |
|
-3,597 |
-5,323 |
-2,406 |
-7,475 |
-9,974 |
-11,487 |
36,168 |
50,882 |
-2,579 |
-7,862 |
1,877 |
Changes in Operating Assets and Liabilities, net |
|
-310 |
433 |
14 |
1,383 |
-83 |
1,199 |
-47,176 |
-70,897 |
-2,647 |
943 |
-14 |
Net Cash From Investing Activities |
|
-23 |
-425 |
-64 |
-98 |
-79 |
-207 |
-153 |
-9,606 |
-13,647 |
-3,883 |
-19,047 |
Net Cash From Continuing Investing Activities |
|
-23 |
-425 |
-64 |
-98 |
-79 |
-207 |
-153 |
-9,606 |
-13,647 |
-3,883 |
-19,047 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-246 |
-265 |
-65 |
-98 |
-105 |
-207 |
-153 |
-102 |
-85 |
-108 |
-142 |
Purchase of Investment Securities |
|
- |
- |
- |
- |
- |
0.00 |
0.00 |
-59,091 |
-48,882 |
-29,488 |
-75,818 |
Sale and/or Maturity of Investments |
|
- |
- |
- |
- |
- |
0.00 |
0.00 |
49,588 |
35,320 |
25,714 |
56,912 |
Net Cash From Financing Activities |
|
-1,854 |
169 |
3,086 |
2,940 |
6,616 |
6,485 |
9,804 |
20,364 |
22,055 |
12,774 |
7,076 |
Net Cash From Continuing Financing Activities |
|
-1,854 |
169 |
3,086 |
2,940 |
6,616 |
6,485 |
9,804 |
20,364 |
22,055 |
12,774 |
7,076 |
Issuance of Debt |
|
5,433 |
14,015 |
7,895 |
11,658 |
17,118 |
14,812 |
16,620 |
30,369 |
20,439 |
16,383 |
29,137 |
Repayment of Debt |
|
-3,728 |
-5,926 |
-5,482 |
-9,515 |
-11,712 |
-9,311 |
-11,294 |
-21,474 |
-13,911 |
-12,764 |
-25,677 |
Repurchase of Common Equity |
|
0.00 |
-162 |
-297 |
0.00 |
-173 |
-72 |
-246 |
-270 |
-347 |
-290 |
0.00 |
Payment of Dividends |
|
-785 |
-707 |
-308 |
-345 |
-356 |
-305 |
-354 |
-420 |
-513 |
-615 |
-612 |
Other Financing Activities, Net |
|
-2,774 |
-7,050 |
795 |
1,142 |
1,739 |
1,361 |
3,961 |
12,619 |
16,387 |
10,060 |
4,229 |
Effect of Exchange Rate Changes |
|
- |
- |
-22 |
80 |
- |
0.43 |
59 |
-49 |
-270 |
25 |
-119 |
Cash Interest Paid |
|
195 |
486 |
773 |
774 |
788 |
1,033 |
1,045 |
1,242 |
1,500 |
2,691 |
2,937 |
Cash Income Taxes Paid |
|
47 |
40 |
34 |
55 |
148 |
130 |
180 |
659 |
765 |
981 |
782 |
Quarterly Cash Flow Statements for KKR & Co. Inc.
This table details how cash moves in and out of KKR & Co. Inc.'s business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Change in Cash & Equivalents |
|
1,756 |
-3,657 |
1,020 |
962 |
9,097 |
-4,643 |
-96 |
-1,107 |
406 |
3,026 |
-337 |
Net Cash From Operating Activities |
|
-648 |
-1,933 |
-2,639 |
1,971 |
1,107 |
1,527 |
3,358 |
1,876 |
-112 |
2,550 |
439 |
Net Cash From Continuing Operating Activities |
|
-648 |
-1,933 |
-2,639 |
1,971 |
1,107 |
1,527 |
3,358 |
1,876 |
-112 |
2,550 |
439 |
Net Income / (Loss) Continuing Operations |
|
20 |
260 |
1,126 |
2,382 |
1,589 |
1,094 |
993 |
1,435 |
1,384 |
684 |
1,354 |
Consolidated Net Income / (Loss) |
|
20 |
260 |
1,126 |
2,382 |
1,589 |
1,094 |
993 |
1,435 |
1,384 |
684 |
1,354 |
Depreciation Expense |
|
33 |
32 |
5.27 |
15 |
16 |
-14 |
-26 |
-48 |
-30 |
-54 |
-31 |
Non-Cash Adjustments to Reconcile Net Income |
|
-31,135 |
6,751 |
7,009 |
6,030 |
-27,652 |
9,604 |
12,554 |
12,751 |
-33,032 |
720 |
-486 |
Changes in Operating Assets and Liabilities, net |
|
30,435 |
-8,976 |
-10,779 |
-6,455 |
27,153 |
-9,156 |
-10,163 |
-12,262 |
31,567 |
1,199 |
-399 |
Net Cash From Investing Activities |
|
-2,966 |
-3,819 |
199 |
-1,077 |
813 |
-6,199 |
-5,477 |
-5,119 |
-2,253 |
-3,147 |
-1,890 |
Net Cash From Continuing Investing Activities |
|
-2,966 |
-3,819 |
199 |
-1,077 |
813 |
-6,199 |
-5,477 |
-5,119 |
-2,253 |
-3,147 |
-1,890 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-26 |
-23 |
-39 |
-17 |
-29 |
-17 |
-26 |
-45 |
-53 |
-21 |
-67 |
Purchase of Investment Securities |
|
-9,984 |
-8,770 |
-5,093 |
-5,789 |
-9,837 |
-13,726 |
-25,794 |
-20,742 |
-15,556 |
-24,920 |
-19,758 |
Sale and/or Maturity of Investments |
|
7,045 |
4,974 |
5,331 |
4,729 |
10,680 |
7,545 |
20,343 |
15,667 |
13,357 |
21,793 |
17,935 |
Net Cash From Financing Activities |
|
5,404 |
2,073 |
3,454 |
104 |
7,143 |
45 |
2,061 |
2,077 |
2,894 |
3,603 |
991 |
Net Cash From Continuing Financing Activities |
|
5,404 |
2,073 |
3,454 |
104 |
7,143 |
45 |
2,061 |
2,077 |
2,894 |
3,603 |
991 |
Issuance of Debt |
|
3,247 |
3,379 |
5,332 |
2,917 |
4,755 |
5,717 |
8,154 |
7,320 |
7,946 |
4,660 |
4,958 |
Repayment of Debt |
|
-1,583 |
-1,859 |
-3,957 |
-2,938 |
-4,010 |
-4,928 |
-7,041 |
-6,801 |
-6,907 |
-5,166 |
-4,399 |
Payment of Dividends |
|
-151 |
-151 |
-160 |
-159 |
-146 |
-146 |
-155 |
-155 |
-155 |
-155 |
-203 |
Other Financing Activities, Net |
|
3,890 |
704 |
2,510 |
301 |
6,544 |
-598 |
1,104 |
1,712 |
2,011 |
1,721 |
637 |
Effect of Exchange Rate Changes |
|
-35 |
22 |
5.59 |
-36 |
35 |
-16 |
-38 |
59 |
-124 |
20 |
123 |
Cash Interest Paid |
|
388 |
567 |
663 |
729 |
732 |
745 |
737 |
663 |
792 |
603 |
685 |
Cash Income Taxes Paid |
|
209 |
21 |
577 |
212 |
172 |
39 |
335 |
108 |
299 |
74 |
452 |
Annual Balance Sheets for KKR & Co. Inc.
This table presents KKR & Co. Inc.'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
65,873 |
71,042 |
39,003 |
45,835 |
50,743 |
60,899 |
79,807 |
264,285 |
275,347 |
317,294 |
360,099 |
Cash and Due from Banks |
|
2,291 |
2,520 |
4,134 |
3,679 |
2,445 |
3,163 |
6,508 |
10,092 |
12,824 |
20,349 |
14,878 |
Restricted Cash |
|
103 |
268 |
212 |
56 |
196 |
74 |
486 |
435 |
562 |
460 |
489 |
Trading Account Securities |
|
60,168 |
65,306 |
31,410 |
39,014 |
44,908 |
54,936 |
69,275 |
212,539 |
216,575 |
240,005 |
276,598 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Customer and Other Receivables |
|
147 |
140 |
250 |
554 |
657 |
717 |
873 |
1,224 |
1,663 |
1,447 |
1,856 |
Separate Account Business Assets |
|
- |
- |
- |
- |
- |
- |
0.00 |
5,586 |
4,131 |
4,107 |
3,981 |
Intangible Assets |
|
- |
- |
- |
- |
- |
- |
0.00 |
1,407 |
2,331 |
4,451 |
5,199 |
Other Assets |
|
3,164 |
2,809 |
2,997 |
2,531 |
2,537 |
2,008 |
2,665 |
33,002 |
37,261 |
46,476 |
57,098 |
Total Liabilities & Shareholders' Equity |
|
65,873 |
71,042 |
39,003 |
45,835 |
50,743 |
60,899 |
79,807 |
264,285 |
275,347 |
317,294 |
360,099 |
Total Liabilities |
|
14,169 |
21,575 |
21,885 |
25,172 |
25,361 |
30,397 |
39,007 |
206,146 |
219,976 |
258,915 |
298,115 |
Accrued Interest Payable |
|
- |
- |
- |
- |
- |
- |
0.00 |
23,460 |
22,739 |
34,340 |
43,962 |
Long-Term Debt |
|
10,838 |
18,715 |
18,544 |
21,194 |
22,341 |
27,013 |
33,424 |
38,578 |
42,727 |
47,475 |
49,647 |
Future Policy Benefits |
|
- |
- |
- |
- |
- |
- |
- |
- |
137,781 |
160,058 |
185,205 |
Separate Account Business Liabilities |
|
- |
- |
- |
- |
- |
- |
0.00 |
5,586 |
4,131 |
4,107 |
3,981 |
Other Long-Term Liabilities |
|
3,331 |
2,860 |
3,341 |
3,978 |
3,020 |
3,384 |
5,583 |
12,002 |
12,598 |
12,936 |
15,319 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
0.00 |
Redeemable Noncontrolling Interest |
|
300 |
189 |
632 |
611 |
1,123 |
- |
- |
82 |
152 |
615 |
1,585 |
Total Equity & Noncontrolling Interests |
|
51,404 |
49,279 |
16,486 |
20,052 |
24,260 |
30,502 |
40,800 |
58,057 |
55,219 |
57,763 |
60,400 |
Total Preferred & Common Equity |
|
5,383 |
5,547 |
5,940 |
7,186 |
8,650 |
10,807 |
13,717 |
17,582 |
18,808 |
22,859 |
23,652 |
Preferred Stock |
|
- |
- |
483 |
0.00 |
483 |
485 |
1,601 |
1,118 |
1,116 |
0.00 |
0.00 |
Total Common Equity |
|
5,383 |
5,547 |
5,457 |
7,186 |
8,167 |
10,322 |
12,116 |
16,464 |
17,692 |
22,859 |
23,652 |
Common Stock |
|
5,403 |
5,547 |
5,457 |
6,723 |
8,115 |
8,572 |
8,694 |
9,003 |
16,293 |
17,558 |
18,416 |
Retained Earnings |
|
- |
- |
- |
0.00 |
92 |
1,792 |
3,441 |
7,670 |
6,701 |
9,818 |
12,283 |
Accumulated Other Comprehensive Income / (Loss) |
|
-20 |
- |
- |
-19 |
-40 |
-42 |
-19 |
-210 |
-5,302 |
-4,518 |
-7,047 |
Noncontrolling Interest |
|
46,021 |
43,732 |
10,546 |
12,866 |
15,610 |
19,695 |
27,083 |
40,475 |
36,411 |
34,905 |
36,748 |
Quarterly Balance Sheets for KKR & Co. Inc.
This table presents KKR & Co. Inc.'s assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Total Assets |
|
275,347 |
282,611 |
575,390 |
288,733 |
317,294 |
339,774 |
348,469 |
360,656 |
360,099 |
372,373 |
380,868 |
Cash and Due from Banks |
|
12,824 |
9,290 |
10,306 |
11,294 |
20,349 |
15,609 |
15,540 |
14,460 |
14,878 |
17,987 |
17,824 |
Restricted Cash |
|
562 |
439 |
442 |
416 |
460 |
557 |
530 |
503 |
489 |
407 |
232 |
Trading Account Securities |
|
216,575 |
227,351 |
231,479 |
231,723 |
240,005 |
258,441 |
265,549 |
276,679 |
276,598 |
285,851 |
293,351 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Customer and Other Receivables |
|
1,663 |
1,848 |
1,573 |
1,590 |
1,447 |
1,449 |
1,617 |
2,035 |
1,856 |
1,813 |
1,953 |
Separate Account Business Assets |
|
4,131 |
4,165 |
4,182 |
3,900 |
4,107 |
4,223 |
4,123 |
4,134 |
3,981 |
3,739 |
3,843 |
Intangible Assets |
|
2,331 |
2,392 |
2,437 |
2,507 |
4,451 |
4,857 |
4,905 |
5,093 |
5,199 |
5,304 |
5,455 |
Other Assets |
|
37,261 |
37,126 |
37,275 |
37,302 |
46,476 |
54,638 |
56,206 |
57,753 |
57,098 |
57,273 |
58,209 |
Total Liabilities & Shareholders' Equity |
|
275,347 |
282,611 |
287,695 |
288,733 |
317,294 |
339,774 |
348,469 |
360,656 |
360,099 |
372,373 |
380,868 |
Total Liabilities |
|
219,976 |
225,487 |
454,201 |
227,135 |
258,915 |
282,862 |
289,939 |
298,857 |
298,115 |
303,416 |
309,899 |
Accrued Interest Payable |
|
22,739 |
22,996 |
23,252 |
22,737 |
34,340 |
42,640 |
43,944 |
45,389 |
43,962 |
44,255 |
44,144 |
Long-Term Debt |
|
42,727 |
44,677 |
46,050 |
45,991 |
47,475 |
48,140 |
49,094 |
49,453 |
49,647 |
49,580 |
51,210 |
Future Policy Benefits |
|
137,781 |
- |
141,429 |
140,983 |
160,058 |
173,599 |
177,833 |
184,050 |
185,205 |
188,414 |
191,676 |
Separate Account Business Liabilities |
|
4,131 |
4,165 |
4,182 |
3,900 |
4,107 |
4,223 |
4,123 |
4,134 |
3,981 |
3,739 |
3,843 |
Other Long-Term Liabilities |
|
12,598 |
12,520 |
12,187 |
13,524 |
12,936 |
14,261 |
14,946 |
15,831 |
15,319 |
17,429 |
19,025 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Redeemable Noncontrolling Interest |
|
152 |
144 |
183 |
422 |
615 |
922 |
1,291 |
1,322 |
1,585 |
1,921 |
1,994 |
Total Equity & Noncontrolling Interests |
|
55,219 |
56,979 |
60,411 |
61,176 |
57,763 |
55,990 |
57,238 |
60,476 |
60,400 |
67,035 |
68,975 |
Total Preferred & Common Equity |
|
18,808 |
19,663 |
19,982 |
20,408 |
22,859 |
21,421 |
21,673 |
24,084 |
23,652 |
27,470 |
28,219 |
Preferred Stock |
|
1,116 |
1,116 |
1,116 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
2,543 |
2,543 |
Total Common Equity |
|
17,692 |
18,547 |
18,866 |
20,408 |
22,859 |
21,421 |
21,673 |
24,084 |
23,652 |
24,927 |
25,676 |
Common Stock |
|
16,293 |
16,348 |
16,195 |
17,336 |
17,558 |
18,041 |
18,142 |
18,276 |
18,416 |
18,622 |
18,649 |
Retained Earnings |
|
6,701 |
6,890 |
7,593 |
8,924 |
9,818 |
10,355 |
10,867 |
11,312 |
12,283 |
11,941 |
12,249 |
Accumulated Other Comprehensive Income / (Loss) |
|
-5,302 |
-4,692 |
-4,922 |
-5,852 |
-4,518 |
-6,975 |
-7,336 |
-5,505 |
-7,047 |
-5,636 |
-5,222 |
Noncontrolling Interest |
|
36,411 |
37,317 |
40,429 |
40,769 |
34,905 |
34,569 |
35,565 |
36,393 |
36,748 |
39,565 |
40,756 |
Annual Metrics And Ratios for KKR & Co. Inc.
This table displays calculated financial ratios and metrics derived from KKR & Co. Inc.'s official financial filings.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-20.75% |
-5.77% |
-62.97% |
91.75% |
-15.13% |
85.83% |
7.22% |
189.39% |
-77.23% |
231.49% |
41.94% |
EBITDA Growth |
|
-30.83% |
-2.14% |
-81.74% |
185.51% |
-18.95% |
127.48% |
10.30% |
151.36% |
-99.49% |
9,106.03% |
-13.31% |
EBIT Growth |
|
-30.83% |
-2.14% |
-81.74% |
185.51% |
-18.95% |
129.00% |
10.80% |
141.79% |
-102.11% |
2,343.03% |
-10.59% |
NOPAT Growth |
|
-31.31% |
-2.22% |
-81.98% |
169.29% |
-4.26% |
89.30% |
10.30% |
143.31% |
-101.64% |
2,718.90% |
-8.42% |
Net Income Growth |
|
-31.31% |
-2.22% |
-81.98% |
169.29% |
-4.26% |
89.30% |
10.30% |
143.31% |
-103.35% |
1,382.78% |
-8.42% |
EPS Growth |
|
-49.57% |
-12.93% |
0.00% |
0.00% |
5.64% |
71.84% |
-4.80% |
120.18% |
-110.65% |
617.72% |
-19.80% |
Operating Cash Flow Growth |
|
-42.25% |
-74.11% |
-473.95% |
-145.08% |
-115.35% |
25.30% |
-4.78% |
-20.54% |
26.44% |
71.70% |
545.16% |
Free Cash Flow Firm Growth |
|
-557.93% |
95.78% |
9,262.40% |
-110.86% |
6.01% |
-50.82% |
-124.95% |
13.36% |
84.22% |
-51.36% |
63.64% |
Invested Capital Growth |
|
28.97% |
9.02% |
-47.70% |
17.37% |
14.02% |
20.52% |
29.05% |
30.31% |
1.43% |
7.91% |
5.46% |
Revenue Q/Q Growth |
|
-26.55% |
10.59% |
-24.67% |
7.94% |
-34.35% |
65.09% |
12.86% |
4.03% |
-22.28% |
21.97% |
-4.66% |
EBITDA Q/Q Growth |
|
-34.06% |
17.58% |
-45.14% |
7.44% |
-45.38% |
105.55% |
70.71% |
-15.23% |
-93.99% |
35.35% |
-4.65% |
EBIT Q/Q Growth |
|
-34.06% |
17.58% |
-45.14% |
7.44% |
-45.38% |
106.93% |
72.64% |
-16.02% |
-136.36% |
36.33% |
-3.83% |
NOPAT Q/Q Growth |
|
-34.28% |
17.29% |
-45.10% |
2.06% |
-39.28% |
105.77% |
154.40% |
-21.59% |
-136.88% |
41.45% |
-4.01% |
Net Income Q/Q Growth |
|
-34.28% |
17.29% |
-45.10% |
2.06% |
-39.28% |
105.77% |
154.40% |
-21.59% |
-175.29% |
41.45% |
-4.01% |
EPS Q/Q Growth |
|
-46.79% |
24.69% |
0.00% |
0.00% |
0.00% |
0.00% |
106.75% |
-19.17% |
-364.71% |
27.41% |
0.92% |
Operating Cash Flow Q/Q Growth |
|
-35.28% |
-77.37% |
24.26% |
-1.80% |
-22.92% |
3.35% |
5.75% |
-33.77% |
36.01% |
54.01% |
-15.49% |
Free Cash Flow Firm Q/Q Growth |
|
0.26% |
-144.03% |
0.19% |
-12.31% |
-54.32% |
1.02% |
-20.52% |
-141.29% |
95.41% |
79.39% |
-160.20% |
Invested Capital Q/Q Growth |
|
0.19% |
3.17% |
3.63% |
4.23% |
2.84% |
6.77% |
13.33% |
69.51% |
6.44% |
-1.61% |
0.34% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
71.31% |
74.06% |
36.52% |
54.37% |
51.93% |
63.56% |
65.39% |
56.80% |
1.26% |
35.02% |
21.39% |
EBIT Margin |
|
71.31% |
74.06% |
36.52% |
54.37% |
51.93% |
63.99% |
66.13% |
55.25% |
-5.12% |
34.66% |
21.83% |
Profit (Net Income) Margin |
|
70.48% |
73.13% |
35.60% |
49.99% |
56.39% |
57.44% |
59.10% |
49.69% |
-7.32% |
28.32% |
18.27% |
Tax Burden Percent |
|
98.83% |
98.75% |
97.48% |
91.94% |
108.60% |
89.77% |
89.36% |
89.93% |
142.91% |
81.73% |
83.71% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
1.17% |
1.25% |
2.52% |
8.06% |
-8.60% |
10.23% |
10.64% |
10.07% |
0.00% |
18.27% |
16.29% |
Return on Invested Capital (ROIC) |
|
9.72% |
8.07% |
1.83% |
6.61% |
5.47% |
8.82% |
7.77% |
14.57% |
-0.21% |
5.25% |
4.51% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
9.72% |
8.07% |
1.83% |
6.61% |
5.47% |
8.82% |
7.77% |
14.57% |
-0.73% |
5.25% |
4.51% |
Return on Net Nonoperating Assets (RNNOA) |
|
1.26% |
2.36% |
1.02% |
6.95% |
5.17% |
7.79% |
6.59% |
10.60% |
-0.53% |
4.17% |
3.64% |
Return on Equity (ROE) |
|
10.98% |
10.43% |
2.86% |
13.55% |
10.65% |
16.60% |
14.35% |
25.17% |
-0.74% |
9.42% |
8.15% |
Cash Return on Invested Capital (CROIC) |
|
-15.59% |
-0.56% |
64.46% |
-9.38% |
-7.63% |
-9.79% |
-17.60% |
-11.75% |
-1.63% |
-2.35% |
-0.80% |
Operating Return on Assets (OROA) |
|
9.31% |
7.80% |
1.77% |
6.56% |
4.67% |
9.26% |
8.14% |
8.05% |
-0.11% |
2.21% |
1.73% |
Return on Assets (ROA) |
|
9.20% |
7.71% |
1.73% |
6.04% |
5.08% |
8.31% |
7.27% |
7.24% |
-0.15% |
1.81% |
1.45% |
Return on Common Equity (ROCE) |
|
0.91% |
1.13% |
0.47% |
4.54% |
3.55% |
5.49% |
4.52% |
7.27% |
-0.22% |
3.36% |
3.15% |
Return on Equity Simple (ROE_SIMPLE) |
|
100.23% |
95.09% |
16.00% |
35.63% |
28.34% |
42.93% |
37.31% |
70.82% |
-2.22% |
23.44% |
20.74% |
Net Operating Profit after Tax (NOPAT) |
|
5,395 |
5,275 |
951 |
2,560 |
2,451 |
4,640 |
5,118 |
12,452 |
-205 |
5,357 |
4,906 |
NOPAT Margin |
|
70.48% |
73.13% |
35.60% |
49.99% |
56.39% |
57.44% |
59.10% |
49.69% |
-3.59% |
28.32% |
18.27% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.52% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
17.33% |
17.28% |
42.25% |
33.11% |
33.00% |
26.99% |
25.69% |
17.95% |
21.42% |
16.42% |
16.57% |
Operating Expenses to Revenue |
|
28.69% |
25.94% |
63.48% |
45.63% |
48.07% |
36.01% |
33.87% |
44.75% |
105.12% |
65.34% |
78.17% |
Earnings before Interest and Taxes (EBIT) |
|
5,459 |
5,342 |
975 |
2,784 |
2,257 |
5,168 |
5,727 |
13,847 |
-292 |
6,555 |
5,860 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
5,459 |
5,342 |
975 |
2,784 |
2,257 |
5,134 |
5,663 |
14,233 |
72 |
6,623 |
5,741 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.43 |
1.08 |
1.10 |
1.26 |
1.18 |
1.47 |
1.83 |
2.57 |
2.22 |
3.18 |
5.55 |
Price to Tangible Book Value (P/TBV) |
|
1.43 |
1.08 |
1.10 |
1.26 |
1.18 |
1.47 |
1.83 |
2.81 |
2.55 |
3.95 |
7.11 |
Price to Revenue (P/Rev) |
|
1.01 |
0.83 |
2.26 |
1.77 |
2.21 |
1.88 |
2.56 |
1.69 |
6.88 |
3.85 |
4.89 |
Price to Earnings (P/E) |
|
16.12 |
12.32 |
20.99 |
9.21 |
8.77 |
7.70 |
11.38 |
9.14 |
0.00 |
19.77 |
42.65 |
Dividend Yield |
|
11.30% |
12.20% |
4.77% |
3.53% |
3.49% |
1.81% |
1.36% |
0.79% |
1.68% |
0.79% |
0.58% |
Earnings Yield |
|
6.20% |
8.12% |
4.76% |
10.85% |
11.40% |
12.99% |
8.79% |
10.94% |
0.00% |
5.06% |
2.34% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.00 |
0.97 |
0.89 |
0.96 |
0.98 |
1.03 |
1.04 |
1.16 |
1.08 |
1.28 |
1.83 |
Enterprise Value to Revenue (EV/Rev) |
|
8.16 |
9.13 |
11.94 |
7.81 |
10.71 |
7.32 |
8.92 |
4.47 |
18.62 |
7.14 |
7.59 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
11.44 |
12.33 |
32.69 |
14.37 |
20.62 |
11.52 |
13.64 |
7.87 |
1,476.96 |
20.38 |
35.50 |
Enterprise Value to EBIT (EV/EBIT) |
|
11.44 |
12.33 |
32.69 |
14.37 |
20.62 |
11.44 |
13.49 |
8.09 |
0.00 |
20.59 |
34.78 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
11.58 |
12.49 |
33.54 |
15.63 |
18.99 |
12.75 |
15.10 |
9.00 |
0.00 |
25.19 |
41.55 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
41.96 |
170.90 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
30.65 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.95 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.21 |
0.38 |
1.08 |
1.03 |
0.88 |
0.89 |
0.82 |
0.66 |
0.77 |
0.81 |
0.80 |
Long-Term Debt to Equity |
|
0.21 |
0.38 |
1.08 |
1.03 |
0.88 |
0.89 |
0.82 |
0.66 |
0.77 |
0.81 |
0.80 |
Financial Leverage |
|
0.13 |
0.29 |
0.56 |
1.05 |
0.95 |
0.88 |
0.85 |
0.73 |
0.72 |
0.79 |
0.81 |
Leverage Ratio |
|
1.19 |
1.35 |
1.65 |
2.25 |
2.10 |
2.00 |
1.97 |
3.48 |
4.75 |
5.21 |
5.63 |
Compound Leverage Factor |
|
1.19 |
1.35 |
1.65 |
2.25 |
2.10 |
2.00 |
1.97 |
3.48 |
4.75 |
5.21 |
5.63 |
Debt to Total Capital |
|
17.33% |
27.45% |
52.00% |
50.63% |
46.81% |
46.97% |
45.03% |
39.89% |
43.56% |
44.85% |
44.47% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
17.33% |
27.45% |
52.00% |
50.63% |
46.81% |
46.97% |
45.03% |
39.89% |
43.56% |
44.85% |
44.47% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
1.35% |
0.00% |
1.01% |
0.84% |
2.16% |
1.16% |
1.14% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
74.06% |
64.42% |
31.34% |
32.20% |
35.06% |
34.24% |
36.49% |
41.93% |
37.27% |
33.56% |
34.34% |
Common Equity to Total Capital |
|
8.61% |
8.14% |
15.30% |
17.17% |
17.11% |
17.95% |
16.32% |
17.02% |
18.04% |
21.59% |
21.19% |
Debt to EBITDA |
|
1.99 |
3.50 |
19.02 |
7.61 |
9.90 |
5.26 |
5.90 |
2.71 |
593.91 |
7.17 |
8.65 |
Net Debt to EBITDA |
|
1.55 |
2.98 |
14.56 |
6.27 |
8.73 |
4.63 |
4.67 |
1.97 |
407.85 |
4.03 |
5.97 |
Long-Term Debt to EBITDA |
|
1.99 |
3.50 |
19.02 |
7.61 |
9.90 |
5.26 |
5.90 |
2.71 |
593.91 |
7.17 |
8.65 |
Debt to NOPAT |
|
2.01 |
3.55 |
19.51 |
8.28 |
9.12 |
5.82 |
6.53 |
3.10 |
-208.88 |
8.86 |
10.12 |
Net Debt to NOPAT |
|
1.57 |
3.02 |
14.94 |
6.82 |
8.04 |
5.12 |
5.16 |
2.25 |
-143.44 |
4.98 |
6.99 |
Long-Term Debt to NOPAT |
|
2.01 |
3.55 |
19.51 |
8.28 |
9.12 |
5.82 |
6.53 |
3.10 |
-208.88 |
8.86 |
10.12 |
Noncontrolling Interest Sharing Ratio |
|
91.75% |
89.20% |
83.47% |
66.54% |
66.66% |
66.92% |
68.53% |
71.11% |
69.91% |
64.35% |
61.36% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-8,653 |
-365 |
33,471 |
-3,634 |
-3,416 |
-5,152 |
-11,590 |
-10,042 |
-1,585 |
-2,399 |
-872 |
Operating Cash Flow to CapEx |
|
910.39% |
147.94% |
-2,254.48% |
-3,599.77% |
-9,677.82% |
-2,740.21% |
-3,881.51% |
-7,032.61% |
-6,206.80% |
-1,378.14% |
4,698.37% |
Free Cash Flow to Firm to Interest Expense |
|
-27.28 |
-0.64 |
42.37 |
-4.49 |
-3.90 |
-4.94 |
-11.95 |
-9.38 |
-1.02 |
-0.87 |
-0.29 |
Operating Cash Flow to Interest Expense |
|
4.69 |
0.67 |
-1.82 |
-4.37 |
-8.68 |
-5.45 |
-6.14 |
-6.70 |
-3.40 |
-0.54 |
2.19 |
Operating Cash Flow Less CapEx to Interest Expense |
|
4.18 |
0.22 |
-1.91 |
-4.49 |
-8.77 |
-5.64 |
-6.30 |
-6.80 |
-3.46 |
-0.58 |
2.15 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.13 |
0.11 |
0.05 |
0.12 |
0.09 |
0.14 |
0.12 |
0.15 |
0.02 |
0.06 |
0.08 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
62,542 |
68,182 |
35,662 |
41,857 |
47,724 |
57,516 |
74,224 |
96,717 |
98,097 |
105,854 |
111,632 |
Invested Capital Turnover |
|
0.14 |
0.11 |
0.05 |
0.13 |
0.10 |
0.15 |
0.13 |
0.29 |
0.06 |
0.19 |
0.25 |
Increase / (Decrease) in Invested Capital |
|
14,048 |
5,640 |
-32,520 |
6,195 |
5,867 |
9,792 |
16,708 |
22,493 |
1,380 |
7,756 |
5,778 |
Enterprise Value (EV) |
|
62,466 |
65,865 |
31,885 |
40,011 |
46,541 |
59,133 |
77,261 |
112,011 |
106,254 |
134,962 |
203,825 |
Market Capitalization |
|
7,701 |
6,017 |
6,026 |
9,076 |
9,626 |
15,177 |
22,147 |
42,285 |
39,234 |
72,775 |
131,213 |
Book Value per Share |
|
$12.56 |
$11.94 |
$12.14 |
$15.05 |
$15.43 |
$18.75 |
$21.29 |
$28.14 |
$20.55 |
$25.83 |
$26.63 |
Tangible Book Value per Share |
|
$12.56 |
$11.94 |
$12.14 |
$15.05 |
$15.43 |
$18.75 |
$21.29 |
$25.74 |
$17.84 |
$20.80 |
$20.77 |
Total Capital |
|
62,542 |
68,182 |
35,662 |
41,857 |
47,724 |
57,516 |
74,224 |
96,717 |
98,097 |
105,854 |
111,632 |
Total Debt |
|
10,838 |
18,715 |
18,544 |
21,194 |
22,341 |
27,013 |
33,424 |
38,578 |
42,727 |
47,475 |
49,647 |
Total Long-Term Debt |
|
10,838 |
18,715 |
18,544 |
21,194 |
22,341 |
27,013 |
33,424 |
38,578 |
42,727 |
47,475 |
49,647 |
Net Debt |
|
8,444 |
15,927 |
14,198 |
17,458 |
19,700 |
23,776 |
26,430 |
28,051 |
29,341 |
26,667 |
34,279 |
Capital Expenditures (CapEx) |
|
164 |
261 |
64 |
98 |
79 |
207 |
153 |
102 |
85 |
108 |
142 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
213 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
10,838 |
18,715 |
18,544 |
21,194 |
22,341 |
27,013 |
33,424 |
38,578 |
42,727 |
47,475 |
49,647 |
Total Depreciation and Amortization (D&A) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-34 |
-64 |
387 |
364 |
68 |
-119 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.25 |
$1.09 |
$0.64 |
$2.10 |
$0.00 |
$3.62 |
$3.45 |
$7.83 |
($1.21) |
$4.24 |
$3.47 |
Adjusted Weighted Average Basic Shares Outstanding |
|
381.09M |
448.88M |
448.91M |
468.28M |
832.57M |
545.10M |
562.81M |
582.26M |
749.50M |
867.50M |
887.02M |
Adjusted Diluted Earnings per Share |
|
$1.16 |
$1.01 |
$0.59 |
$1.95 |
$0.00 |
$3.54 |
$3.37 |
$7.31 |
($1.21) |
$4.09 |
$3.28 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
412.05M |
482.70M |
483.43M |
506.29M |
832.57M |
557.69M |
583.69M |
633.09M |
749.50M |
911.79M |
938.90M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
381.09M |
448.88M |
448.91M |
468.28M |
832.57M |
848.43M |
576.61M |
591.15M |
861.11M |
885.01M |
888.25M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
5,395 |
5,275 |
951 |
3,096 |
1,580 |
4,640 |
5,118 |
12,452 |
-205 |
5,357 |
4,906 |
Normalized NOPAT Margin |
|
70.48% |
73.13% |
35.60% |
60.45% |
36.35% |
57.44% |
59.10% |
49.69% |
-3.59% |
28.32% |
18.27% |
Pre Tax Income Margin |
|
71.31% |
74.06% |
36.52% |
54.37% |
51.93% |
63.99% |
66.13% |
55.25% |
-5.12% |
34.66% |
21.83% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
17.21 |
9.32 |
1.23 |
3.44 |
2.58 |
4.95 |
5.90 |
12.94 |
-0.19 |
2.36 |
1.93 |
NOPAT to Interest Expense |
|
17.01 |
9.20 |
1.20 |
3.16 |
2.80 |
4.45 |
5.28 |
11.63 |
-0.13 |
1.93 |
1.62 |
EBIT Less CapEx to Interest Expense |
|
16.69 |
8.86 |
1.15 |
3.32 |
2.49 |
4.75 |
5.75 |
12.84 |
-0.24 |
2.33 |
1.88 |
NOPAT Less CapEx to Interest Expense |
|
16.49 |
8.75 |
1.12 |
3.04 |
2.71 |
4.25 |
5.12 |
11.54 |
-0.19 |
1.89 |
1.57 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
14.55% |
13.40% |
32.36% |
13.49% |
14.51% |
6.57% |
6.91% |
3.37% |
-122.92% |
11.48% |
12.48% |
Augmented Payout Ratio |
|
14.55% |
16.47% |
63.59% |
13.49% |
21.58% |
8.13% |
11.73% |
5.54% |
-205.93% |
16.89% |
12.48% |
Quarterly Metrics And Ratios for KKR & Co. Inc.
This table displays calculated financial ratios and metrics derived from KKR & Co. Inc.'s official financial filings.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-39.26% |
23.49% |
438.30% |
173.07% |
134.61% |
226.63% |
12.75% |
24.46% |
-22.12% |
-56.89% |
21.69% |
EBITDA Growth |
|
-87.37% |
-67.70% |
182.72% |
826.43% |
1,064.18% |
206.06% |
-18.71% |
-43.66% |
-14.80% |
-46.80% |
26.53% |
EBIT Growth |
|
-89.46% |
-68.31% |
175.71% |
1,267.29% |
1,352.61% |
233.73% |
-16.60% |
-41.67% |
-12.44% |
-43.43% |
26.32% |
NOPAT Growth |
|
-98.03% |
-79.26% |
183.93% |
1,813.19% |
8,018.51% |
321.22% |
-11.80% |
-39.77% |
-12.90% |
-37.42% |
36.37% |
Net Income Growth |
|
-98.03% |
-79.26% |
162.07% |
1,813.19% |
8,018.51% |
321.22% |
-11.80% |
-39.77% |
-12.90% |
-37.42% |
36.37% |
EPS Growth |
|
-69.66% |
1,900.00% |
187.04% |
4,000.00% |
325.93% |
105.56% |
-23.40% |
-60.98% |
2.61% |
-129.73% |
-30.56% |
Operating Cash Flow Growth |
|
82.10% |
-310.83% |
35.05% |
232.73% |
270.98% |
179.02% |
227.23% |
-4.81% |
-110.09% |
66.93% |
-86.93% |
Free Cash Flow Firm Growth |
|
93.67% |
95.74% |
-81.66% |
62.70% |
-353.14% |
64.64% |
181.75% |
82.93% |
28.75% |
-493.38% |
-121.78% |
Invested Capital Growth |
|
1.43% |
6.66% |
81.84% |
16.74% |
7.91% |
3.19% |
-35.65% |
3.40% |
5.46% |
12.84% |
13.52% |
Revenue Q/Q Growth |
|
34.57% |
29.17% |
39.93% |
12.27% |
15.61% |
79.84% |
-51.70% |
23.93% |
-27.66% |
-0.46% |
36.36% |
EBITDA Q/Q Growth |
|
-46.87% |
171.10% |
230.51% |
94.60% |
-33.23% |
-28.73% |
-12.22% |
34.88% |
0.97% |
-55.50% |
108.77% |
EBIT Q/Q Growth |
|
-37.37% |
216.26% |
255.26% |
94.29% |
-33.46% |
-27.34% |
-11.21% |
35.89% |
-0.12% |
-53.06% |
98.27% |
NOPAT Q/Q Growth |
|
-84.28% |
1,226.50% |
333.62% |
111.53% |
-33.28% |
-31.18% |
-9.20% |
44.44% |
-3.51% |
-50.55% |
97.88% |
Net Income Q/Q Growth |
|
-84.28% |
1,226.50% |
333.62% |
111.53% |
-33.28% |
-31.18% |
-9.20% |
44.44% |
-3.51% |
-50.55% |
97.88% |
EPS Q/Q Growth |
|
575.00% |
33.33% |
161.11% |
74.47% |
-29.88% |
-35.65% |
-2.70% |
-11.11% |
84.38% |
-118.64% |
327.27% |
Operating Cash Flow Q/Q Growth |
|
56.40% |
-198.50% |
-36.54% |
174.69% |
-43.83% |
37.96% |
119.84% |
-44.12% |
-105.95% |
2,383.58% |
-82.79% |
Free Cash Flow Firm Q/Q Growth |
|
96.11% |
-348.25% |
-1,115.38% |
82.40% |
52.73% |
65.02% |
2,909.38% |
-103.68% |
-97.27% |
-191.33% |
-3.12% |
Invested Capital Q/Q Growth |
|
6.44% |
3.77% |
64.28% |
-35.67% |
-1.61% |
-0.76% |
2.45% |
3.37% |
0.34% |
6.19% |
3.07% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
6.42% |
13.48% |
31.84% |
55.19% |
31.87% |
12.63% |
22.96% |
24.98% |
34.87% |
15.59% |
23.87% |
EBIT Margin |
|
5.10% |
12.50% |
31.73% |
54.90% |
31.60% |
12.77% |
23.47% |
25.73% |
35.53% |
16.76% |
24.36% |
Profit (Net Income) Margin |
|
0.77% |
7.95% |
24.62% |
46.39% |
26.77% |
10.25% |
19.26% |
22.45% |
29.94% |
14.87% |
21.58% |
Tax Burden Percent |
|
15.16% |
63.58% |
77.61% |
84.49% |
84.72% |
80.25% |
82.07% |
87.24% |
84.27% |
88.77% |
88.60% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
84.84% |
36.42% |
22.40% |
15.51% |
15.28% |
19.75% |
17.93% |
12.76% |
15.73% |
11.23% |
11.40% |
Return on Invested Capital (ROIC) |
|
0.05% |
0.51% |
2.33% |
7.20% |
4.97% |
2.61% |
3.77% |
5.78% |
7.39% |
2.76% |
4.11% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.05% |
0.51% |
2.33% |
7.20% |
4.97% |
2.61% |
3.77% |
5.78% |
7.39% |
2.76% |
4.11% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.03% |
0.37% |
3.00% |
5.46% |
3.94% |
2.12% |
4.93% |
4.47% |
5.96% |
2.15% |
3.19% |
Return on Equity (ROE) |
|
0.08% |
0.88% |
5.32% |
12.67% |
8.90% |
4.73% |
8.70% |
10.25% |
13.36% |
4.91% |
7.30% |
Cash Return on Invested Capital (CROIC) |
|
-1.63% |
-7.28% |
-56.89% |
-11.66% |
-2.35% |
2.84% |
47.79% |
1.32% |
-0.80% |
-8.04% |
-8.44% |
Operating Return on Assets (OROA) |
|
0.11% |
0.29% |
0.92% |
3.07% |
2.02% |
1.08% |
1.37% |
2.23% |
2.82% |
0.98% |
1.46% |
Return on Assets (ROA) |
|
0.02% |
0.18% |
0.72% |
2.59% |
1.71% |
0.87% |
1.12% |
1.95% |
2.37% |
0.87% |
1.30% |
Return on Common Equity (ROCE) |
|
0.02% |
0.25% |
1.73% |
4.10% |
3.17% |
1.66% |
2.96% |
3.69% |
5.16% |
1.81% |
2.67% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
-7.17% |
7.66% |
18.56% |
0.00% |
28.90% |
27.95% |
21.22% |
0.00% |
16.37% |
17.21% |
Net Operating Profit after Tax (NOPAT) |
|
20 |
260 |
1,126 |
2,382 |
1,589 |
1,094 |
993 |
1,435 |
1,384 |
684 |
1,354 |
NOPAT Margin |
|
0.77% |
7.95% |
24.62% |
46.39% |
26.77% |
10.25% |
19.26% |
22.45% |
29.94% |
14.87% |
21.58% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
15.30% |
18.29% |
14.88% |
18.02% |
15.20% |
12.55% |
17.81% |
22.07% |
16.85% |
29.72% |
17.72% |
Operating Expenses to Revenue |
|
94.90% |
87.50% |
68.27% |
45.10% |
68.40% |
87.23% |
76.53% |
74.27% |
64.47% |
83.25% |
75.64% |
Earnings before Interest and Taxes (EBIT) |
|
129 |
408 |
1,451 |
2,819 |
1,876 |
1,363 |
1,210 |
1,645 |
1,643 |
771 |
1,529 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
163 |
441 |
1,456 |
2,834 |
1,892 |
1,349 |
1,184 |
1,597 |
1,612 |
717 |
1,498 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
2.22 |
2.41 |
2.54 |
2.57 |
3.18 |
4.14 |
4.30 |
4.81 |
5.55 |
4.12 |
4.61 |
Price to Tangible Book Value (P/TBV) |
|
2.55 |
2.76 |
2.91 |
2.93 |
3.95 |
5.36 |
5.56 |
6.09 |
7.11 |
5.23 |
5.86 |
Price to Revenue (P/Rev) |
|
6.88 |
7.05 |
3.90 |
3.38 |
3.85 |
3.37 |
3.47 |
4.11 |
4.89 |
4.94 |
5.41 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
36.22 |
18.97 |
19.77 |
21.96 |
24.14 |
38.69 |
42.65 |
46.51 |
58.87 |
Dividend Yield |
|
1.68% |
1.50% |
1.42% |
1.30% |
0.79% |
0.66% |
0.79% |
0.52% |
0.58% |
0.61% |
0.53% |
Earnings Yield |
|
0.00% |
0.00% |
2.76% |
5.27% |
5.06% |
4.55% |
4.14% |
2.58% |
2.34% |
2.15% |
1.70% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.08 |
1.16 |
0.75 |
1.19 |
1.28 |
1.49 |
1.52 |
1.69 |
1.83 |
1.50 |
1.61 |
Enterprise Value to Revenue (EV/Rev) |
|
18.62 |
18.67 |
10.19 |
8.24 |
7.14 |
5.93 |
6.06 |
6.67 |
7.59 |
8.56 |
9.00 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
1,476.96 |
0.00 |
52.79 |
26.13 |
20.38 |
20.74 |
22.47 |
31.21 |
35.50 |
34.82 |
36.31 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
56.89 |
26.59 |
20.59 |
20.80 |
22.44 |
30.84 |
34.78 |
33.77 |
35.25 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
81.62 |
33.76 |
25.19 |
25.23 |
26.93 |
36.77 |
41.55 |
39.56 |
40.54 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
79.42 |
20.48 |
23.88 |
30.65 |
23.19 |
41.43 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
53.12 |
2.48 |
129.70 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.77 |
0.78 |
0.76 |
0.75 |
0.81 |
0.85 |
0.84 |
0.80 |
0.80 |
0.72 |
0.72 |
Long-Term Debt to Equity |
|
0.77 |
0.78 |
0.76 |
0.75 |
0.81 |
0.85 |
0.84 |
0.80 |
0.80 |
0.72 |
0.72 |
Financial Leverage |
|
0.72 |
0.73 |
1.29 |
0.76 |
0.79 |
0.81 |
1.31 |
0.77 |
0.81 |
0.78 |
0.77 |
Leverage Ratio |
|
4.75 |
4.80 |
7.42 |
4.89 |
5.21 |
5.46 |
7.76 |
5.26 |
5.63 |
5.66 |
5.63 |
Compound Leverage Factor |
|
4.75 |
4.80 |
7.42 |
4.89 |
5.21 |
5.46 |
7.76 |
5.26 |
5.63 |
5.66 |
5.63 |
Debt to Total Capital |
|
43.56% |
43.89% |
43.18% |
42.75% |
44.85% |
45.82% |
45.62% |
44.45% |
44.47% |
41.83% |
41.91% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
43.56% |
43.89% |
43.18% |
42.75% |
44.85% |
45.82% |
45.62% |
44.45% |
44.47% |
41.83% |
41.91% |
Preferred Equity to Total Capital |
|
1.14% |
1.10% |
1.05% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
2.15% |
2.08% |
Noncontrolling Interests to Total Capital |
|
37.27% |
36.80% |
38.08% |
38.28% |
33.56% |
33.78% |
34.25% |
33.90% |
34.34% |
35.00% |
34.99% |
Common Equity to Total Capital |
|
18.04% |
18.22% |
17.69% |
18.97% |
21.59% |
20.39% |
20.14% |
21.65% |
21.19% |
21.03% |
21.01% |
Debt to EBITDA |
|
593.91 |
-52.47 |
19.47 |
9.40 |
7.17 |
6.39 |
6.76 |
8.21 |
8.65 |
9.70 |
9.44 |
Net Debt to EBITDA |
|
407.85 |
-41.05 |
14.92 |
7.01 |
4.03 |
4.25 |
4.55 |
5.73 |
5.97 |
6.10 |
6.11 |
Long-Term Debt to EBITDA |
|
593.91 |
-52.47 |
19.47 |
9.40 |
7.17 |
6.39 |
6.76 |
8.21 |
8.65 |
9.70 |
9.44 |
Debt to NOPAT |
|
-208.88 |
-54.42 |
30.10 |
12.14 |
8.86 |
7.78 |
8.10 |
9.68 |
10.12 |
11.03 |
10.54 |
Net Debt to NOPAT |
|
-143.44 |
-42.57 |
23.08 |
9.05 |
4.98 |
5.16 |
5.45 |
6.75 |
6.99 |
6.94 |
6.82 |
Long-Term Debt to NOPAT |
|
-208.88 |
-54.42 |
30.10 |
12.14 |
8.86 |
7.78 |
8.10 |
9.68 |
10.12 |
11.03 |
10.54 |
Noncontrolling Interest Sharing Ratio |
|
69.91% |
71.01% |
67.51% |
67.65% |
64.35% |
64.95% |
65.97% |
63.94% |
61.36% |
63.18% |
63.44% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-1,361 |
-6,100 |
-74,141 |
-13,046 |
-6,167 |
-2,157 |
60,607 |
-2,227 |
-4,394 |
-12,801 |
-13,200 |
Operating Cash Flow to CapEx |
|
-2,446.11% |
-8,328.90% |
-6,845.08% |
11,315.65% |
3,789.96% |
8,831.65% |
12,684.03% |
4,206.76% |
-210.01% |
12,231.25% |
651.35% |
Free Cash Flow to Firm to Interest Expense |
|
-2.48 |
-10.58 |
-102.96 |
-18.01 |
-8.21 |
-2.86 |
77.38 |
-3.09 |
-5.67 |
-19.56 |
-18.66 |
Operating Cash Flow to Interest Expense |
|
-1.18 |
-3.35 |
-3.66 |
2.72 |
1.47 |
2.03 |
4.29 |
2.60 |
-0.14 |
3.90 |
0.62 |
Operating Cash Flow Less CapEx to Interest Expense |
|
-1.23 |
-3.39 |
-3.72 |
2.70 |
1.43 |
2.00 |
4.25 |
2.54 |
-0.21 |
3.86 |
0.53 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.02 |
0.02 |
0.03 |
0.06 |
0.06 |
0.08 |
0.06 |
0.09 |
0.08 |
0.06 |
0.06 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
98,097 |
101,800 |
167,238 |
107,589 |
105,854 |
105,052 |
107,624 |
111,251 |
111,632 |
118,537 |
122,179 |
Invested Capital Turnover |
|
0.06 |
0.06 |
0.09 |
0.16 |
0.19 |
0.25 |
0.20 |
0.26 |
0.25 |
0.19 |
0.19 |
Increase / (Decrease) in Invested Capital |
|
1,380 |
6,360 |
75,267 |
15,428 |
7,756 |
3,251 |
-59,614 |
3,662 |
5,778 |
13,486 |
14,554 |
Enterprise Value (EV) |
|
106,254 |
118,144 |
124,871 |
127,844 |
134,962 |
156,190 |
163,128 |
187,940 |
203,825 |
177,908 |
196,929 |
Market Capitalization |
|
39,234 |
44,619 |
47,842 |
52,374 |
72,775 |
88,725 |
93,247 |
115,734 |
131,213 |
102,691 |
118,482 |
Book Value per Share |
|
$20.55 |
$21.54 |
$21.86 |
$23.79 |
$25.83 |
$24.20 |
$24.42 |
$27.14 |
$26.63 |
$28.06 |
$28.83 |
Tangible Book Value per Share |
|
$17.84 |
$18.76 |
$19.04 |
$20.87 |
$20.80 |
$18.72 |
$18.90 |
$21.40 |
$20.77 |
$22.09 |
$22.70 |
Total Capital |
|
98,097 |
101,800 |
106,644 |
107,589 |
105,854 |
105,052 |
107,624 |
111,251 |
111,632 |
118,537 |
122,179 |
Total Debt |
|
42,727 |
44,677 |
46,050 |
45,991 |
47,475 |
48,140 |
49,094 |
49,453 |
49,647 |
49,580 |
51,210 |
Total Long-Term Debt |
|
42,727 |
44,677 |
46,050 |
45,991 |
47,475 |
48,140 |
49,094 |
49,453 |
49,647 |
49,580 |
51,210 |
Net Debt |
|
29,341 |
34,949 |
35,301 |
34,280 |
26,667 |
31,974 |
33,025 |
34,490 |
34,279 |
31,187 |
33,154 |
Capital Expenditures (CapEx) |
|
26 |
23 |
39 |
17 |
29 |
17 |
26 |
45 |
53 |
21 |
67 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
42,727 |
44,677 |
106,644 |
45,991 |
47,475 |
48,140 |
49,094 |
49,453 |
49,647 |
49,580 |
51,210 |
Total Depreciation and Amortization (D&A) |
|
33 |
32 |
5.27 |
15 |
16 |
-14 |
-26 |
-48 |
-30 |
-54 |
-31 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.27 |
$0.37 |
$0.98 |
$1.71 |
$1.18 |
$0.77 |
$0.75 |
$0.68 |
$1.27 |
($0.22) |
$0.53 |
Adjusted Weighted Average Basic Shares Outstanding |
|
749.50M |
861.11M |
861.55M |
862.12M |
867.50M |
885.01M |
887.39M |
887.44M |
887.02M |
888.25M |
890.72M |
Adjusted Diluted Earnings per Share |
|
$0.27 |
$0.36 |
$0.94 |
$1.64 |
$1.15 |
$0.74 |
$0.72 |
$0.64 |
$1.18 |
($0.22) |
$0.50 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
749.50M |
887.17M |
912.15M |
909.06M |
911.79M |
925.14M |
932.05M |
941.97M |
938.90M |
888.25M |
954.21M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
861.11M |
863.07M |
857.68M |
885.01M |
885.01M |
887.40M |
887.44M |
888.23M |
888.25M |
890.64M |
890.95M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
90 |
260 |
1,126 |
2,382 |
1,589 |
1,094 |
993 |
1,435 |
1,384 |
2,201 |
1,354 |
Normalized NOPAT Margin |
|
3.57% |
7.95% |
24.62% |
46.39% |
26.77% |
10.25% |
19.26% |
22.45% |
29.94% |
47.83% |
21.58% |
Pre Tax Income Margin |
|
5.10% |
12.50% |
31.73% |
54.90% |
31.60% |
12.77% |
23.47% |
25.73% |
35.53% |
16.76% |
24.36% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.24 |
0.71 |
2.02 |
3.89 |
2.50 |
1.81 |
1.55 |
2.28 |
2.12 |
1.18 |
2.16 |
NOPAT to Interest Expense |
|
0.04 |
0.45 |
1.56 |
3.29 |
2.12 |
1.45 |
1.27 |
1.99 |
1.79 |
1.05 |
1.91 |
EBIT Less CapEx to Interest Expense |
|
0.19 |
0.67 |
1.96 |
3.87 |
2.46 |
1.78 |
1.51 |
2.22 |
2.05 |
1.15 |
2.07 |
NOPAT Less CapEx to Interest Expense |
|
-0.01 |
0.41 |
1.51 |
3.26 |
2.08 |
1.43 |
1.23 |
1.93 |
1.72 |
1.01 |
1.82 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
-122.92% |
-39.78% |
39.97% |
16.36% |
11.48% |
9.86% |
10.00% |
11.79% |
12.48% |
13.82% |
13.77% |
Augmented Payout Ratio |
|
-205.93% |
-39.78% |
57.77% |
24.02% |
16.89% |
9.86% |
10.29% |
11.79% |
12.48% |
13.82% |
13.84% |
Key Financial Trends
KKR & Co. Inc. - Financial Summary and Trends (Q1 2023 to Q2 2025)
KKR has shown a generally growing financial performance over the last four years, marked by strong net income growth, robust capital management, and consistent investment activity. Below we highlight key insights from recent reported quarters along with important trends observed in income, cash flow, and balance sheets.
- Q2 2025 reported consolidated net income of approximately $1.35 billion, up significantly from Q1 2025 ($684 million) and showing strong quarter-over-quarter growth.
- Total revenue in Q2 2025 reached roughly $6.28 billion, with net realized & unrealized capital gains on investments contributing heavily ($4.1 billion), reflecting strong investment performance.
- Operating cash flow remains positive and robust with Q2 2025 net cash from continuing operating activities at $439 million, indicating good cash generation from core operations.
- The balance sheet shows strong liquidity with cash and cash equivalents around $17.82 billion in Q2 2025, steady compared to previous quarters.
- KKR's total assets have been increasing over the years, standing at about $381 billion in Q2 2025, up from approximately $283 billion in Q1 2023, demonstrating balance sheet growth and expanded asset base.
- The company continued active financing activities with net cash from continuing financing activities at $991 million in Q2 2025, mainly driven by liable debt issuance exceeding repayments.
- Interest income slightly outpaced interest expense in Q2 2025, resulting in a modest net interest income of about $102 million, suggesting balanced management of interest costs.
- Noninterest expenses increased notably in certain periods (e.g., Q1 2025 and Q4 2024), partially due to property & liability insurance claims and other operational costs, which could impact margins if persistent.
- Capital expenditure related to property and equipment has increased to $67 million in Q2 2025, which is a fairly high investment level, potentially impacting free cash flow.
- Despite growth in net income to common shareholders, earnings per share showed volatility with Q1 2025 recording a loss per share (-$0.22 basic EPS), likely influenced by noncontrolling interests and operational charges.
Insights and Implications for Investors:
- KKR’s significant net income growth and strong capital gains illustrate its effective asset management and investment strategy over recent years.
- Stable and growing total assets and equity indicate enhanced financial strength and operational scale.
- The company’s ability to generate positive operating cash flow consistently is a sign of underlying operational health.
- Fluctuations in earnings per share and occasional increased expenses suggest that shareholders should watch for earnings volatility and cost management effectiveness.
- Increased capital spending demands monitoring of how this impacts future cash flows and debt levels.
In conclusion, KKR shows a positive growth trajectory with strong income and asset expansion. However, investors should stay attentive to expense management and EPS volatility indicators. Overall, the fundamentals position KKR as a solid investment with potential for continued value creation.
08/28/25 01:58 PM ETAI Generated. May Contain Errors.