KKR & Co. Inc. (KKR)

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, cybersecurity, fintech, data and information, 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; biopharmaceutical; medical device; health care services; life science tools/diagnostics; health care information technology sub-sectors; 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, Israel, 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. For middle market private equity it seeks to invest in companies with enterprise values between $200 million and $1000 million and EBITDA between $50 million to $250 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 position. It prefers to invest in initial public offerings, follow-on offerings, PIPE transactions, co-investments or private capital raises. 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 May 1, 1976 and is based in New York, New York with additional offices across North America, Europe, Australia, Middle East and Asia Pacific.

Symbol: KKR
Exchange: NYSE
Sector: Financial Services
Industry: Asset Management
Market cap: $82.37B
52 week range: 82.67 - 144.84

Valuation

Share price: $91.24 (close of 2026-10-01)
P/E (TTM): 25.95x
Price to book: 1.06x
Price to free cash flow: 33.10x
Enterprise value: $116.13B
Book value per share: $86.19

Price performance

Period	Change
1 day	-0.07%
5 days	-4.60%
1 month	-14.26%
3 months	-1.43%
6 months	-0.13%
Year to date	-28.43%
1 year	-28.42%
3 years	+48.12%
5 years	+47.92%
10 years	+539.83%
All time	+794.51%

Members of Congress who disclosed KKR trades

Josh Gottheimer · Gilbert Ray Cisneros · Jonathan Jackson · Val Hoyle · Alan Armstrong · Robert Bresnahan

Super investors holding KKR

Chuck Akre (Akre Capital Management)

Profitability and growth

Return on equity: 3.00%
Return on assets: 0.58%
Net margin: 12.18%
EBITDA margin: 16.24%
Revenue growth: -11.04%
Net income growth: -22.94%
Free cash flow growth: -92.82%

Cash flow and balance sheet

Free cash flow yield (TTM): 3.02%
Net debt to EBITDA: 3.47x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $19.46B
EBITDA: $3.16B
Net income: $2.37B
Earnings per share: $2.66
Shares outstanding: 889.84M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$19.46B	$2.37B	$2.66
2024-12-31	$21.88B	$3.08B	$3.47
2023-12-31	$14.50B	$3.73B	$4.27
2022-12-31	$5.70B	-$521.66M	$-0.72
2021-12-31	$16.23B	$4.73B	$8.10
2020-12-31	$2.01B	$2.00B	$3.54
2019-12-31	$1.79B	$2.01B	$3.62
2018-12-31	$1.84B	$1.13B	$2.14
2017-12-31	$1.54B	$1.02B	$2.10
2016-12-31	$1.10B	$309.31M	$0.00

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	12.18%	3.00%
2024-12-31	14.06%	5.09%
2023-12-31	25.74%	6.46%
2022-12-31	-9.15%	-0.94%
2021-12-31	29.17%	8.13%
2020-12-31	99.79%	4.91%
2019-12-31	111.98%	6.57%
2018-12-31	61.43%	4.66%
2017-12-31	66.05%	5.08%
2016-12-31	27.99%	1.81%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$17.15B	-
2024-12-31	$15.37B	-
2023-12-31	$20.81B	-
2022-12-31	$13.39B	-
2020-12-31	$5.36B	$33.50B
2019-12-31	$2.35B	$27.15B
2018-12-31	$1.75B	$22.64B
2017-12-31	$1.88B	$21.43B
2016-12-31	$2.51B	$18.66B
2015-12-31	$1.05B	$18.81B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$477.76M	$722.11M
2024-12-31	$6.65B	$746.44M
2023-12-31	-$1.49B	$618.47M
2022-12-31	-$5.28B	$730.24M
2021-12-31	-$7.18B	$529.82M
2020-12-31	-$5.95B	$326.76M
2019-12-31	-$5.88B	$297.71M
2018-12-31	-$7.71B	$331.71M
2017-12-31	-$3.63B	$334.82M
2016-12-31	-$1.50B	$264.89M