KKR & Co (KKR) AI Stock Analysis

• Market Cap: $108.08B
• Dividend Yield: 0.56%
• Average Volume (3M): 3.30M
• Price to Earnings (P/E): 51.7
• Beta (1Y): 1.84
• Revenue Growth: -33.80%
• EPS Growth: -24.81%
• Country: US
• Employees: 4,834
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 1.41
• Shares Outstanding: 891,353,400
• 10 Day Avg. Volume: 3,709,407
• 30 Day Avg. Volume: 3,304,968
• PEG Ratio: -2.35
• Price to Book (P/B): 5.55
• Price to Sales (P/S): 6.06
• P/FCF Ratio: 20.16
• Enterprise Value/Market Cap: 1.27
• Enterprise Value/Revenue: 8.22
• Enterprise Value/Gross Profit: 42.13
• Enterprise Value/Ebitda: 14.81
• 1Y Price Target: $159.78
• Price Target Upside: 31.78% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: $142.00 ▲(17.11% Upside)

The score is driven primarily by solid financial performance (strong margins and improving free-cash-flow generation) and a positive earnings-call outlook (fee growth, fundraising momentum, and confidence in 2026 targets). These positives are moderated by expensive valuation (high P/E with low yield), mixed/neutral technical signals with high volatility (beta), and modest event-driven uncertainty from the COO departure.

Positive Factors

Management fee growth and fee-related earnings

Sustained management fee growth provides a recurring, predictable revenue base that underpins operating earnings and free cash flow. A 19% YoY rise in management fees strengthens fee-related earnings resilience across market cycles and funds long-term investment and distribution capabilities.

Large fundraising dry powder and capital raising momentum

A large dry powder pool and strong quarterly fundraising expand KKR’s ability to deploy into attractive opportunities and monetize assets over multiple years. This persistent fundraising strength supports future performance fees, realization pipelines, and strategic dealmaking across alternatives.

Strong free cash flow generation and conversion

Improving free cash flow and near parity of FCF to net income indicate high cash conversion efficiency. Durable cash generation enhances capacity to fund co-investments, paydown leverage, support distributions and absorb short-term volatility in performance fees without immediate balance sheet stress.

Negative Factors

Elevated balance sheet leverage

High leverage constrains financial flexibility and increases sensitivity to interest rate moves and refinancing cycles. Even with improvement, sustained elevated debt levels can limit capacity for new buyouts, raise funding costs, and amplify downside during realizations or market stress over the coming months.

Asia II fund underperformance and carry clawback

A materially underperforming flagship regional fund that triggers a large clawback reduces near-term realized performance income, forces one-time charges, and can impair investor confidence. That outcome weakens fee upside and may complicate fundraising or carry economics in the region.

Sudden COO departure and leadership disruption

An unexpected senior operations exit creates execution and governance risk during a period of active deployments and integrations. COO turnover can slow operational initiatives, complicate cross-platform coordination, and introduce short- to medium-term uncertainty around succession and internal controls.

KKR & Co Business Overview & Revenue Model

Company Description

KKR & Co. Inc. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments. The firm considers investments in all industries with a focus on software, security, semiconductors, consumer electronics, internet of things (iot), internet, information services, information technology infrastructure, financial technology, network and cyber security architecture, engineering and operations, content, technology and hardware, energy and infrastructure, real estate, services industry with a focus on business services, intelligence, industry-leading franchises and companies in natural resource, containers and packaging, agriculture, airports, ports, forestry, electric utilities, textiles, apparel and luxury goods, household durables, digital media, insurance, brokerage houses, non-durable goods distribution, supermarket retailing, grocery stores, food, beverage, and tobacco, hospitals, entertainment venues and production companies, publishing, printing services, capital goods, financial services, specialized finance, pipelines, and renewable energy. In energy and infrastructure, it focuses on the upstream oil and gas and equipment, minerals and royalties and services verticals. In real estate, the firm seeks to invest in private and public real estate securities including property-level equity, debt and special situations transactions and businesses with significant real estate holdings, and oil and natural gas properties. The firm also invests in asset services sector that encompasses a broad array of B2B, B2C and B2G services verticals including asset-based, transport, logistics, leisure/hospitality, resource and utility support, infra-like, mission-critical, and environmental services. Within Americas, the firm prefers to invest in consumer products; chemicals, metals and mining; energy and natural resources; financial services; healthcare; industrials; media and communications; retail; and technology. Within Europe, the firm invests in consumer and retail; energy; financial services; health care; industrials and chemicals; media and digital; and telecom and technologies. Within Asia, it invests in consumer products; energy and resources; financial services; healthcare; industrials; logistics; media and telecom; retail; real estate; and technology. It also seeks to make impact investments focused on identifying and investing behind businesses with positive social or environmental impact. The firm seeks to invest in mid to high-end residential developments, but can invest in other projects throughout Mainland China through outright ownership, joint ventures, and merger. It invests globally with a focus on Australia, emerging and developed Asia, Middle East and Africa, Nordic, Southeast Asia, Asia Pacific, Ireland, Hong Kong, Japan, Taiwan, India, Vietnam, Malaysia, Singapore, Indonesia, France, Germany, Netherlands, United Kingdom, Caribbean, Mexico, South America, North America, Brazil, Latin America, Korea with a focus on South Korea, and United States of America. In the United States and Europe, the firm focuses on buyouts of large, publicly traded companies. It seeks to invest $30 million to $717 million in companies with enterprise values between $500 million to $2389 million. The firm prefers to invest in a range of debt and public equity investing and may co-invest. It seeks a board seat in its portfolio companies and a controlling ownership of a company or a strategic minority positions. The firm may acquire majority and minority equity interests, particularly when making private equity investments in Asia or sponsoring investments as part of a large investor consortium. The firm typically holds its investment for a period of five to seven years and more and exits through initial public offerings, secondary offerings, and sales to strategic buyers. KKR & Co. Inc. was founded in 1976 and is based in New York, New York with additional offices across North America, Europe, Australia, Sweden and Asia.

How the Company Makes Money

KKR generates revenue primarily through management fees and performance fees from its investment funds. Management fees are typically calculated as a percentage of assets under management (AUM) and provide a steady income stream. Performance fees, also known as carried interest, are earned when the firm achieves returns above a predetermined threshold, aligning its interests with those of its investors. Additionally, KKR earns income from its balance sheet investments and strategic partnerships, which can involve co-investment opportunities with other investors. The firm's diversified investment strategies and global reach enable it to capitalize on market opportunities, contributing significantly to its overall earnings.

KKR & Co Financial Statement Overview

Summary

Solid operating profile with positive revenue growth and strong margins (gross 38.66%, net 19.60%, EBIT/EBITDA ~48%), plus improving free cash flow growth (11.37%) and strong FCF-to-net income conversion (0.95). Offsetting factors include elevated leverage (high debt-to-equity) and some pressure on net profitability versus prior years.

Income Statement

KKR's income statement shows strong revenue growth with a 4.97% increase in TTM, supported by solid gross and net profit margins of 38.66% and 19.60% respectively. The EBIT and EBITDA margins are robust at 48.05% and 48.16%, indicating efficient operations. However, the net profit margin has decreased from previous years, suggesting some pressure on profitability.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio, which has improved in the TTM period but remains a potential risk factor. Return on equity is moderate at 8.50%, indicating decent profitability relative to shareholder equity. The equity ratio is not provided, but the overall leverage suggests a cautious approach to debt management is necessary.

Cash Flow

Cash flow analysis shows a positive free cash flow growth rate of 11.37% in the TTM period, indicating improved cash generation. The free cash flow to net income ratio is strong at 0.95, suggesting effective conversion of income into cash. However, the operating cash flow to net income ratio is not available, limiting a full assessment of cash flow efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	16.72B	21.64B	14.32B	5.57B	16.11B	4.23B
Gross Profit	3.26B	3.84B	4.86B	2.01B	6.90B	2.08B
EBITDA	9.29B	9.17B	9.50B	1.35B	14.98B	6.70B
Net Income	2.35B	3.08B	3.73B	-521.66M	4.73B	2.00B
Balance Sheet
Total Assets	398.48B	360.10B	317.29B	275.35B	264.29B	79.81B
Cash, Cash Equivalents and Short-Term Investments	134.09B	112.56B	108.57B	12.82B	10.09B	6.51B
Total Debt	54.45B	50.82B	49.39B	44.07B	39.59B	33.62B
Total Liabilities	323.08B	298.11B	258.92B	219.98B	206.15B	39.01B
Stockholders Equity	29.75B	23.65B	22.86B	18.81B	17.58B	13.72B
Cash Flow
Free Cash Flow	5.09B	6.51B	-1.60B	-5.36B	-7.28B	-6.11B
Operating Cash Flow	5.27B	6.65B	-1.49B	-5.28B	-7.18B	-5.95B
Investing Cash Flow	-14.30B	-19.05B	-3.88B	-13.65B	-9.61B	-153.39M
Financing Cash Flow	16.92B	7.08B	12.77B	22.06B	20.36B	9.80B

KKR & Co Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 121.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KKR, the sentiment is Negative. The current price of 121.25 is below the 20-day moving average (MA) of 129.80, below the 50-day MA of 127.66, and below the 200-day MA of 128.51, indicating a bearish trend. The MACD of -1.37 indicates Positive momentum. The RSI at 36.27 is Neutral, neither overbought nor oversold. The STOCH value of 6.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KKR.

KKR & Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AMP	80 Outperform	$46.14B	13.62	59.59%	1.26%	5.76%	39.77%
BLK	79 Outperform	$184.33B	32.00	―	1.92%	15.79%	-3.85%
BX	72 Outperform	$183.56B	43.16	35.17%	3.02%	33.12%	19.86%
ARES	70 Outperform	$50.96B	66.42	18.64%	2.65%	50.70%	7.32%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
KKR	67 Neutral	$108.08B	51.66	8.73%	0.56%	-33.80%	-24.81%
CG	59 Neutral	$22.09B	34.10	11.85%	2.30%	-24.62%	437.16%

KKR & Co Corporate Events

KKR’s Global Atlantic Unit Secures New $3 Billion Credit Facility

On January 16, 2026, Global Atlantic Limited (Delaware), Global Atlantic (Fin) Company and certain of their insurance subsidiaries entered into a new unsecured revolving credit agreement with a syndicate of lenders led by Wells Fargo Bank, providing a 364-day credit facility of $3.0 billion, expandable to $3.5 billion, to fund working capital, general corporate purposes and growth initiatives. The facility, maturing January 15, 2027 and extendable with lender consent, features SOFR- or base rate-linked interest with ratings-based margins, commitment fees on unused amounts, guarantees from the parent entities, and customary financial covenants and restrictions, which together bolster the group’s liquidity profile while imposing leverage and net worth requirements and standard default rights that are relevant for creditors and other stakeholders.

The most recent analyst rating on (KKR) stock is a Hold with a $142.00 price target. To see the full list of analyst forecasts on KKR & Co stock, see the KKR Stock Forecast page.

KKR & Co announces immediate chief operating officer departure

On January 8, 2026, KKR & Co. Inc., a global investment firm specializing in alternative asset management across private equity, credit, and real assets, announced a significant leadership change. The company disclosed that Ryan Stork would step down from his role as Chief Operating Officer with immediate effect, signaling a notable shift in KKR’s senior management structure that may influence its operational leadership and internal governance dynamics.

The most recent analyst rating on (KKR) stock is a Buy with a $159.00 price target. To see the full list of analyst forecasts on KKR & Co stock, see the KKR Stock Forecast page.