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KD · NYSE · United States · Services-Computer Integrated Systems Design
In shortKyndryl Holdings, Inc. is profitable, generates cash and carries heavy debt, with revenue stable (+0.2% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | – | n/a |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 1.3% | 25/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 16.5% | 83/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.88× | 6/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 4.85× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 2.3% | 29/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.72× | 100/100 |
| Years with positive free cash flow (last 5) | 2 of 5 | 25/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 5 | 40/100 |
|---|---|---|
| Years of revenue decline (last 5) | 4 of 5 | 0/100 |
| Revenue growth volatility | 3.4% | 99/100 |
| Operating margin volatility | – | n/a |
Weight in the score: 20%
| Revenue growth, 3-year average | -3.9% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
2 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 18,657 | 17,026 | 16,052 | 15,057 | 15,092 |
| Cost of revenue | 16,550 | 14,498 | 13,189 | 11,914 | 11,803 |
| Gross profit | 2,107 | 2,528 | 2,863 | 3,143 | 3,289 |
| Research & development | 63 | 79 | 58 | 49 | 57 |
| Selling, general & admin | 2,776 | 2,914 | 2,773 | 2,591 | 2,654 |
| Interest expense | 64 | 94 | 122 | 100 | 89 |
| Pre-tax income | (1,903) | (851) | (168) | 435 | 414 |
| Income tax | 402 | 524 | 172 | 184 | 215 |
| Net income | (2,304) | (1,374) | (340) | 252 | 198 |
| Diluted EPS | −$10.28 | −$6.06 | −$1.48 | $1.05 | $0.85 |
| Diluted shares (millions) | 224 | 227 | 229 | 239 | 234 |
2 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 5, 2026