KKR & Co (KKR) AI Stock Analysis

• Market Cap: $124.28B
• Dividend Yield: 0.52%
• Average Volume (3M): 3.18M
• Price to Earnings (P/E): 67.2
• Beta (1Y): 1.91
• Revenue Growth: -24.62%
• EPS Growth: -48.96%
• Country: US
• Employees: 4,834
• Sector: Financial
• Sector Strength: 76
• Industry: Asset Management
• EPS (TTM): 1.18
• Shares Outstanding: 890,948,700
• 10 Day Avg. Volume: 3,024,185
• 30 Day Avg. Volume: 3,183,150
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.66
• Enterprise Value/Revenue: 13.70
• Enterprise Value/Gross Profit: 75.76
• Enterprise Value/Ebitda: 24.37
• 1Y Price Target: $161.38
• Price Target Upside: 15.69% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 14

• Rating: 71 Outperform
• Price Target: $156.00 ▲(11.84% Upside)

KKR's overall stock score reflects strong financial performance and positive earnings call sentiment, driven by robust revenue growth, effective cash management, and strategic initiatives. However, high leverage and a high P/E ratio suggest caution. The technical analysis indicates mixed momentum, while the recent corporate event enhances financial flexibility.

Positive Factors

Earnings Outlook

A capital markets recovery that's back on track is set to re-accelerate the private markets flywheel, supporting a robust earnings outlook for KKR.

Fundraising and Transactions

KKR is expected to have a greater potential to bolster the outlook for fundraising, realizations, transaction fees, and earnings.

Growth Potential

KKR's diversity across end markets is best positioned to benefit from secular tailwinds across private credit, infrastructure, private wealth, and insurance that support a double-digit growth outlook.

Negative Factors

Geographic Allocations

KKR is expected to benefit from investors diversifying their geographic allocations from US to non-US regions, including Asia.

Market Valuation

Shares are currently attractively valued while increased capital markets activity powers realizing gross unrealized carried interest of $8.7 billion.

Stock Performance

Shares have lagged, down 9% year-to-date compared to the alternative asset group down 2% and the S&P up 5%.

KKR & Co Business Overview & Revenue Model

Company Description

KKR & Co. Inc. (KKR) is a leading global investment firm that specializes in private equity, energy, infrastructure, real estate, and credit. Founded in 1976, KKR operates across multiple sectors, leveraging its deep industry expertise to create long-term value for its investors. The firm offers a range of investment strategies, including direct investments, fund management, and capital markets solutions, catering to institutional investors, corporations, and high-net-worth individuals worldwide.

How the Company Makes Money

KKR generates revenue primarily through management fees and performance fees associated with its investment funds. Management fees are typically charged as a percentage of the total assets under management (AUM) and are a stable source of income for the firm. Performance fees, often referred to as carried interest, are earned when the returns on the investments exceed a predetermined threshold, aligning KKR's interests with those of its investors. Additionally, KKR earns revenue from its credit and capital markets activities, including loan origination and syndication. The firm also benefits from strategic partnerships and collaborations with other investment firms, corporations, and financial institutions, enhancing its investment capabilities and expanding its market reach.

KKR & Co Financial Statement Overview

Summary

KKR demonstrates robust revenue and cash flow growth, with strong operational cash generation reflected in solid EBITDA margins. High debt levels pose leverage risks, despite stable equity ratios and moderate ROE. Overall, KKR is on a positive growth trajectory with effective cash management, though caution is advised regarding leverage.

Income Statement

KKR shows strong revenue growth with a significant increase from $5.56 billion in 2022 to $15.09 billion TTM (Trailing-Twelve-Months) in 2025, indicating a positive growth trajectory. The gross profit margin is healthy at 18.1%, although the net profit margin is lower at 14.6% due to high operational costs, as indicated by negative EBIT during TTM. EBITDA margin is strong at 56.3%, reflecting robust operational cash generation despite volatility in operating income.

Balance Sheet

KKR maintains a high debt-to-equity ratio of 1.85, signaling potential leverage risks. However, the equity ratio of 7.4% is relatively stable, showing that a portion of assets is financed by equity. Return on equity is moderate at 8.04%, suggesting efficient use of equity to generate profits amidst high leverage.

Cash Flow

Strong free cash flow growth from negative in 2022 to $7.53 billion TTM in 2025 highlights improved cash generation. Operating cash flow to net income ratio of 3.48 shows efficient cash conversion. The free cash flow to net income ratio of 3.41 indicates effective management in turning profits into cash, supporting financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	15.09B	21.64B	14.32B	5.57B	16.11B	4.23B
Gross Profit	2.73B	3.84B	4.86B	2.01B	6.90B	2.08B
EBITDA	8.49B	9.17B	9.50B	1.35B	14.98B	6.70B
Net Income	2.21B	3.08B	3.73B	-521.66M	4.73B	2.00B
Balance Sheet
Total Assets	372.37B	360.10B	317.29B	275.35B	264.29B	79.81B
Cash, Cash Equivalents and Short-Term Investments	118.61B	112.56B	108.57B	12.82B	10.09B	6.51B
Total Debt	50.79B	50.82B	49.39B	44.07B	39.59B	33.62B
Total Liabilities	303.42B	298.11B	258.92B	219.98B	206.15B	39.01B
Stockholders Equity	27.47B	23.65B	22.86B	18.81B	17.58B	13.72B
Cash Flow
Free Cash Flow	7.53B	6.51B	-1.60B	-5.36B	-7.28B	-6.11B
Operating Cash Flow	7.67B	6.65B	-1.49B	-5.28B	-7.18B	-5.95B
Investing Cash Flow	-16.00B	-19.05B	-3.88B	-13.65B	-9.61B	-153.39M
Financing Cash Flow	10.63B	7.08B	12.77B	22.06B	20.36B	9.80B

KKR & Co Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 139.49
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KKR, the sentiment is Neutral. The current price of 139.49 is below the 20-day moving average (MA) of 141.88, below the 50-day MA of 140.62, and above the 200-day MA of 134.80, indicating a neutral trend. The MACD of -0.60 indicates Positive momentum. The RSI at 46.19 is Neutral, neither overbought nor oversold. The STOCH value of 41.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for KKR.

KKR & Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARES	76 Outperform	$58.55B	103.13	13.92%	2.29%	45.89%	-9.53%
CG	76 Outperform	$23.35B	18.79	23.07%	2.17%	101.10%	―
BLK	74 Outperform	$184.48B	27.35	14.35%	1.83%	15.88%	2.87%
KKR	71 Outperform	$124.28B	67.19	8.22%	0.52%	-24.62%	-48.96%
BX	70 Outperform	$211.27B	46.33	37.72%	2.49%	23.08%	41.35%
Sector *	68 Neutral	$17.90B	11.92	10.28%	3.72%	9.73%	1.69%
AMP	66 Neutral	$48.70B	16.12	58.24%	1.20%	7.11%	9.89%

KKR & Co Corporate Events

KKR & Co Completes $900M Senior Notes Offering

On August 7, 2025, KKR & Co. Inc. completed the offering of $900 million in 5.100% Senior Notes due 2035, guaranteed by KKR Group Partnership L.P. The notes, issued under an indenture with The Bank of New York Mellon Trust Company, are unsecured and unsubordinated, with covenants limiting certain financial actions by the issuer and guarantor. The offering was underwritten by major financial institutions, including Morgan Stanley and Goldman Sachs, and involved customary agreements and indemnifications.

KKR & Co Holds Security Holders Vote

The news release from KKR & Co does not provide specific details about the company’s industry, primary products, or services. The release references information set forth in Item 5.02 being incorporated by reference into Item 5.07, but lacks further context or implications for the company’s operations or stakeholders.

KKR & Co Completes $590M Subordinated Notes Offering

On May 28, 2025, KKR & Co. Inc. completed the offering of $590 million in subordinated notes due in 2065, with a 6.875% interest rate. This strategic move, guaranteed by KKR Group Partnership L.P., aims to strengthen the company’s financial positioning and provides flexibility for future operations, potentially impacting stakeholders by enhancing the company’s ability to manage its capital structure and investment strategies.

KKR & Co Enters $550M Subordinated Notes Agreement

On May 20, 2025, KKR & Co. Inc. and its subsidiary entered into an underwriting agreement with major financial institutions to issue and sell $550 million in subordinated notes due in 2065. This offering, expected to close on May 28, 2025, is guaranteed on a subordinated unsecured basis and includes a 30-day option for underwriters to purchase additional notes, potentially impacting KKR’s financial strategy and market positioning.