KKR (KKR)

Financials · $90.5B market cap · SEC CIK 0001404912

Next reports on Feb 3, 2027, after the close, with analysts expecting $3.42 in earnings per share.

52-week range $82.67 to $144.84. 30% below its 52-week high and 22% above its low.

The case for KKR

• Revenue growing 19.8% year over year.
• Earnings per share up 47.1%.
• Has compounded revenue at 35.2% a year over five years.

The case against

• Swings harder than the market (beta 1.75).
• Growth is slowing: revenue up 19.8% this year against 35.2% a year over five.
• Value is weak (22/100): 26.5× earnings against a fair 24× for its growth, 4.2× sales.
• The price trend is weak (30/100): −19.1% over a year, −5.5% over three months, 30% below its 52-week high.
• Trailed the S&P 500 by 31 points over the past year.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
• Each factor except momentum is half fixed thresholds, half rank among the 76 Financials companies.

The financials

The financials, five years deep

Pulled from KKR's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What KKR says it does

Overview KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. We aim to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in our portfolio companies and communities. Founded in 1976, KKR pioneered the leveraged buyout strategy and has been a leader of the private equity industry for five decades. Since the inception of our firm, we have expanded our investment strategies and product offerings from traditional private equity to other alternative asset classes such as leveraged credit, alternative credit, infrastructure, real estate, energy, growth equity, and core private equity. Over the same period, we scaled from being a U.S.-focused firm to a global operation with 36 offices around the world as of December 31, 2025. Our business further expanded with the…

Risk factors KKR lists in its 10-K

• Difficult market and economic conditions can, and periodically do, materially and adversely affect KKR
• Global, regional and local events outside of our control, including geopolitical events and natural
• disasters, could materially and adversely impact KKR
• The loss of key personnel or their services, or any misconduct by key personnel, could have a material
• Our reliance on third parties in the operation of our business exposes us to operational, reputational
• Disruptions in our technology infrastructure or the occurrence of other operational errors could
• materially and adversely affect our business
• The failure to effectively manage our balance sheet could materially and adversely affect our financial
• The failure to manage, or the inability to access, adequate sources of liquidity could materially and
• Our capital markets activities expose us to material risks
• The failure to manage our financial and enterprise risks could materially and adversely affect our
• financial condition and results of operation
• We may suffer material harm as a result of legal claims, litigations, investigations, and negative
• We may pursue new business opportunities, strategic initiatives, or investment opportunities that
• involve new or unique business, regulatory or other complexities and risks
• We operate in a highly competitive industry
• Parts of our earnings and cash flow are highly variable due to the nature of our business
• The agreements governing our carry-paying funds have in the past and may in the future give rise to a
• contingent obligation that requires us to return or contribute significant cash amounts to our funds
• The inability to raise capital from third-party investors for our investment vehicles, insurance business
• and transactions could materially and adversely affect us
• The ability to raise capital from institutional investors is critical and may be adversely affected by
• The sale of financial products to individual investors exposes us to additional operational complexities,
• regulatory requirements and other risks
• The portion of our AUM we refer to as perpetual capital is not permanent and is subject to change
• The actions of our portfolio companies may subject us to potential liabilities and cause us reputational
• Changes in tax laws or an adverse interpretation by tax authorities may adversely impact our effective
• Artificial intelligence may increase competitive, operational, legal and regulatory risks to our
• businesses in ways that we cannot predict
• Cybersecurity failures and data security breaches could have a material adverse impact on our
• We are subject to focus by certain stakeholders on sustainability matters
• Our business is subject to complex, extensive and evolving laws, and the failure to comply with
• applicable laws may materially and adversely affect us
• Adverse regulatory actions may result in significant sanctions, liabilities, operational restrictions,
• litigation, reputational harm and other material and adverse impacts to our business
• The suspension, revocation, or limitation of our regulatory registrations or licenses may materially
• Changes in the regulatory framework applicable to our business, including the loss of exemptions or
• the application of enhanced group-level regulation, may materially adversely affect us
• If regulatory exemptions or exclusions on which we rely become unavailable, we may become subject
• to additional restrictive and costly regulatory requirements, regulatory action or liability
• Distribution of financial products to individual investors subjects us to heightened regulatory,
• litigation, and reputational risks, which may materially adversely affect our business
• Regulations impacting the insurance industry and insurance companies owned by alternative asset
• managers may adversely affect our business
• We are subject to substantial regulatory risks due to our extensive and global investment activities
• Various investment-related and competition laws may limit our investment opportunities and subject
• us to adverse regulatory consequences
• Financial crime laws may limit our investment and capital raising activities and subject us to adverse
• Our investment vehicles and insurance subsidiaries could become subject to the fiduciary responsibility
• and prohibited transaction provisions of ERISA and Section 4975 of the Code, which would adversely
• Sustainability-related laws and disclosure requirements may increase compliance costs and subject us
• to enforcement risks and reputational risks
• Privacy, data protection, cybersecurity and artificial intelligence laws may increase compliance costs
• and subject us to enforcement risks and reputational risks
• Future results of our investments may be different than, and may not achieve the levels of, any of our
• Various conditions and events outside of our control that are difficult to quantify or predict may have a
• significant impact on the valuation of our investments
• Many of our investments are illiquid, and it may not be possible to realize any profits from them for a
• considerable period of time or at all
• The valuations of illiquid investments are subjective and uncertain, and any realizations of our illiquid
• investments may occur at prices which differ from their carrying values
• We often pursue investment opportunities that involve unique business, regulatory, legal, tax or other
• complexities that entail significant risks
• We use a significant amount of leverage in our investment activities, and our portfolio companies and
• investments may have significant credit and liquidity requirements, which may be materially and
• adversely affected by changes in financial markets
• The due diligence process that we undertake in connection with our investments may not reveal all
• facts that may be relevant in connection with an investment
• Investments in real assets may expose us and our investment vehicles to greater risks, liabilities and
• operational complexities than investments in operating companies
• We make investments outside of the United States, which may expose us to additional risks, or
• materially exacerbate risks, that are not typically associated with investing in the United States
• If we fail to effectively manage conflicts of interest that arise from our investment activities, our
• reputation, business or financial results could be materially and adversely impacted or we may become
• subject to regulatory scrutiny or litigation

Filings

Other Financials companies