# KKR & Co. Inc. (KKR) — Stock CV

KKR & Co. Inc. is a $81.7B financial services company. Revenue grew 31.1% over the last year, and it keeps 15¢ of every dollar of sales as profit. It trades at 25.9× earnings — in the cheapest third of its own history.

> KKR is one of the world's largest alternative asset managers, with $723.2 billion in total managed assets, including $585.0 billion in fee-earning AUM, at the end of September 2025.

## Identity

- **Ticker**: KKR
- **Sector**: Financial Services
- **Industry**: Investment Advice
- **Headquarters**: NEW YORK, NY
- **Employees**: 4 200
- **Website**: https://www.kkr.com
- **Market cap**: $81.7B
- **Last price**: $91.05
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $21.3B
- **Net income**: $3.15B
- **Free cash flow**: $2.34B
- **Net debt**: $36.0B
- **P/E**: 25.9
- **Revenue growth (YoY)**: 31.1%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 45 |
| Growth | 31 |
| Profitability | 49 |
| Health | 23 |
| Quality | 45 |
| Moat | 0 |

## Qualifications (beginner checklist) — 7 of 11 passed

- [x] Revenue growing — +31.1% YoY
- [x] Profitable — $3.15B TTM
- [ ] Profit growing — -6.3% YoY
- [x] Generates cash — $2.34B TTM
- [ ] Debt under control — ~15.4y of cash flow to repay
- [x] Established company — $81.7B market cap
- [ ] Not printing shares — +71.4% shares over ~5y
- [x] Proven track record — 9/10 profitable years
- [ ] Financially stable — Altman Z 0.2 — distress
- [x] Pays a dividend — yield 1.02%
- [x] Valuation not extreme — P/E 25.9

## Experience (career milestones)

- **Q1 2026** — 7 open-market insider purchases: ~310K shares bought by insiders
- **2023** — It acquired a 30% stake in FGS Global that valued the company at about $1.4 billion
- **FY2021** — Revenue crossed $10B: $16.2B for the year
- **FY2021** — Best year on record: $4.67B net income
- **FY2018** — Revenue crossed $1B: $2.40B for the year
- **FY2016** — First recorded profitable year: $309M net income
- **2014** — KKR acquired Sedgwick Claims Management Services Inc for $2.4 billion from two private equity…
- **2011** — Samson Investment Company was acquired by a group of private equity investors led by KKR for…
- **2007** — KKR's $44 billion takeover of Texas-based power utility TXU Energy in 2007 was the largest leveraged buyout of…
- **2006** — Among the most notable companies acquired by KKR in 2006 and 2007 were the following: KKR acquired a 40% stake in…
- **2005** — KKR partnered with Silver Lake Partners, Bain Capital, Goldman Sachs Alternatives, Blackstone, Providence…
- **2000** — Regal encountered significant financial issues and filed bankruptcy protection and was acquired by Philip…
- **1990** — RJR announced an exchange offer to swap debt in RJR for a new public stock in the company,…
- **1988** — One of KKR's largest investments in the 1990s was the leveraged buildup of Primedia (now Rent Group) in partnership…
- **1976** — KKR was founded in 1976 by Jerome Kohlberg Jr., and cousins Henry Kravis and George R

## Strengths

- High gross margin (40.3%)
- Revenue growing 31.1% year over year

## Watch-outs

- Altman Z-Score 0.24 — elevated financial-distress risk
- Net debt would take ~15.0 years of free cash flow to repay
- Thin interest coverage (-0.0×)
- Loss-making in 1 of the recent years
- Net debt equals ~15.4 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $16.2B | $4.67B | -$7.28B |
| FY2022 | $5.72B | -$841M | -$5.36B |
| FY2023 | $14.5B | $3.73B | -$1.60B |
| FY2024 | $21.9B | $3.08B | $6.51B |
| FY2025 | $19.5B | $2.37B | $317M |

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Source: https://stockcv.com/KKR — derived from company filings; may be delayed or incomplete. Information, not investment advice.