KKR & Co. Inc. (KKR) is listed on NYSE and operates in the Asset Management industry (Financial Services sector).
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 publ...
| Rating | Analysts |
|---|---|
| Strong Buy | 0 |
| Buy | 24 |
| Hold | 3 |
| Sell | 0 |
| Strong Sell | 0 |
KKR & Co. Inc., founded in 1976 and headquartered in New York, is a global investment firm specializing in private equity and real estate. The firm engages in direct and fund of fund investments, focusing on acquisitions, leveraged buyouts, and growth equity. KKR invests across various sectors, including technology, energy, infrastructure, real estate, financial services, healthcare, and consumer products. It operates in regions such as North America, Europe, Asia, and Latin America, with a particular emphasis on the United States, Europe, and Asia. The firm targets investments in companies with enterprise values ranging from $500 million to $2.389 billion, typically holding investments for five to seven years. KKR seeks controlling or strategic minority positions, often acquiring board seats in its portfolio companies. The firm exits investments through initial public offerings, secondary offerings, and sales to strategic buyers. KKR also focuses on impact investments, aiming for positive social or environmental outcomes. The company maintains additional offices across North America, Europe, Australia, and Asia.
Over the past three fiscal years, the company experienced significant fluctuations in its financial performance. Revenue grew at a 16.0% CAGR, rising from $14.3 billion in 2023 to $19.3 billion in 2025, although the growth was inconsistent. Despite this revenue increase, profitability metrics showed a decline, with operating margin decreasing by 12.5pp from 14.9% in 2023 to 2.4% in 2025, and net margin compressing by 13.8pp from 26.1% to 12.3%. This decline in margins was accompanied by a consistent decrease in EPS, which fell from $4.09 to $2.34, reflecting a 24.4% annual decline. On the cash flow front, the company turned around its cash generation capabilities, with OCF and FCF both moving from negative in 2023 to positive by 2025, reaching $9.7 billion and $9.5 billion, respectively. This shift resulted in a substantial improvement in FCF margin, which increased by 60.6pp to 49.4%. However, net debt consistently increased, growing at a 37.3% CAGR to $54.8 billion, indicating a rising leverage position. The company's cash conversion ratio improved significantly to 4.1, suggesting that earnings are now more strongly supported by actual cash flows. Despite these improvements in cash flow, the increase in share count by 4.8% over the period slightly diluted per-share gains.
Recent developments for KKR highlight a strategic partnership with Samsung SDS, announced on April 14, 2026. KKR agreed to purchase $820 million in convertible bonds from Samsung SDS, supporting the South Korean company's AI infrastructure and overseas expansion efforts. This partnership aims to drive long-term value creation for both entities. Additionally, KKR has been identified as a potential buyer in the takeover interest for PolyPeptide, alongside EQT, as reported on April 12. In the realm of analyst ratings, KKR was mentioned in a Seeking Alpha article on April 14 as a potential buyout target in the REIT sector, and MarketBeat highlighted sectors to invest in, including those involving KKR, on April 7. Despite these strategic moves, KKR has faced challenges, being listed among the S&P 500's biggest losers in 2026, as noted on April 13. These developments underscore KKR's active engagement in strategic partnerships and potential acquisitions, while navigating market pressures and performance challenges.