KKR Group Finance Co. IX LLC 4. (KKRS) 10-Year Financial Performance & Capital Metrics

KKRS • • Banking & Credit

Financial ServicesCredit ServicesBusiness Development & Commercial LendingMiddle Market Lenders

AboutFunctions as a financing subsidiary/special purpose entityShow more

Net Interest Income $3.19B +652.5%
Total Revenue $21.88B +50.9%
Net Income $4.91B +31.4%
Return on Equity 27.6% +229.8%
Net Interest Margin 318.19% +238308.5%
Efficiency Ratio 6% -17.8%
ROA 3.08% +144.8%
Equity / Assets 1.59% -85.8%
Book Value per Share 0.02 -100.0%
Tangible BV/Share 0.02 -99.9%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 318.2%
✓Efficient operations: 6.0% efficiency ratio
✓Healthy dividend yield of 3.7%
✓Diversified revenue: 84.2% from non-interest income

✗Weaknesses

✗Thin capital base
✗Expensive at 1032.5x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.83%

5Y38.97%

3Y-4.12%

TTM-

Profit (Net Income) CAGR

10Y26.23%

5Y1.12%

3Y-26.38%

TTM54.61%

EPS CAGR

10Y16.32%

5Y-8.76%

3Y-35.3%

TTM-72.64%

ROCE

10Y Avg2.95%

5Y Avg4.58%

3Y Avg4.67%

Latest10.2%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	645.97M	231.86M	433.52M	520.5M	374.96M	433.57M	353.44M	257.32M	423.48M	3.19B
NII Growth %	0.09%	-0.64%	0.87%	0.2%	-0.28%	0.16%	-0.18%	-0.27%	0.65%	6.53%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	1.22B	1.02B	1.24B	1.4B	1.42B	1.4B	1.49B	1.9B	3.37B	3.46B
Interest Expense	573.23M	789.95M	808.9M	876.03M	1.04B	969.87M	1.13B	1.64B	2.95B	271.77M
Loan Loss Provision	607.37M	273.86M	886.59M	498.33M	1.07B	1.18B	8.35B	2.69B	160.11M	4.06B
Non-Interest Income+	4.95B	-259.2M	596.38M	999.3M	2.8B	2.83B	23.34B	3.83B	11.13B	18.42B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	6.17B	762.61M	1.84B	2.4B	4.22B	4.23B	24.82B	5.72B	14.5B	21.88B
Revenue Growth %	-0.06%	-0.88%	1.41%	0.3%	0.76%	0%	4.87%	-0.77%	1.53%	0.51%
Non-Interest Expense	624.95M	567.04M	582.48M	715.11M	791.54M	780.64M	959.08M	993.55M	1.06B	1.31B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	4.3B	-932.87M	-497.9M	306.36M	1.31B	1.3B	10.78B	3.51B	6.55B	16.24B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.01%	-1.22%	0.47%	1.62%	3.28%	-0.01%	7.31%	-0.67%	0.87%	1.48%
Pretax Income+	5.34B	975.23M	2.78B	2.26B	5.17B	5.73B	13.85B	-1.06B	6.55B	5.86B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	66.64M	24.56M	224.33M	-194.1M	528.75M	609.1M	1.39B	125.39M	1.2B	954.4M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	488.48M	309.31M	1.02B	1.13B	4.64B	5.12B	12.3B	-1.02B	3.73B	4.91B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.02%	-0.37%	2.29%	0.11%	3.1%	0.1%	1.4%	-1.08%	4.65%	0.31%
Net Income (Continuing)	488.48M	309.31M	1.02B	1.13B	4.64B	5.12B	12.3B	-1.02B	3.73B	4.91B
EPS (Diluted)+	1.01	0.59	1.95	2.12	8.32	8.77	19.42	-1.37	4.09	5.26
EPS Growth %	-0.13%	-0.42%	2.31%	0.09%	2.92%	0.05%	1.21%	-1.07%	3.99%	0.29%
EPS (Basic)	1.09	0.64	2.10	2.20	8.51	9.09	21.12	-1.37	4.30	5.53
Diluted Shares Outstanding	482.7M	483.43M	506.29M	533.71M	557.69M	583.69M	633.09M	749.5M	911.79M	932.05M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	2.52B	2.51B	1.88B	1.75B	2.35B	6.51B	10.09B	12.82B	20.35B	9.06M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	65.31B	31.41B	39.01B	44.91B	54.94B	69.27B	212.54B	1.36M	240.01B	0
Investments Growth %	0.09%	-0.52%	0.24%	0.15%	0.22%	0.26%	2.07%	-1%	175826.93%	-1%
Long-Term Investments	65.31B	31.41B	39.01B	44.91B	54.94B	69.27B	212.54B	216.57B	240.01B	0
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	89M	89M	83.5M	83.5M	83.5M	83.5M	585M	1.1B	1.06B	0
Intangible Assets	176.99M	135.02M	129.18M	9.86M	0	0	1.71B	4.36B	6.33B	0
PP&E (Net)	581.88M	559.96M	616.57M	676.46M	969.37M	951.36M	1.21B	1.38B	1.39B	0
Other Assets	14.79M	5.08B	4.94B	4.08B	3.62B	99.3M	5.84B	4.55B	4.47B	992.46M
Total Current Assets	3.86B	2.51B	1.88B	1.75B	2.35B	9.03B	39.66B	43.65B	61.38B	9.06M
Total Non-Current Assets	67.2B	36.49B	43.96B	48.99B	58.55B	70.77B	224.63B	231.7B	255.92B	992.46M
Total Assets+	71.06B	39B	45.83B	50.74B	60.9B	79.81B	264.29B	275.35B	317.29B	1B
Asset Growth %	0.08%	-0.45%	0.18%	0.11%	0.2%	0.31%	2.31%	0.04%	0.15%	-1%
Return on Assets (ROA)	0.01%	0.01%	0.02%	0.02%	0.08%	0.07%	0.07%	-0%	0.01%	0.03%
Accounts Payable	1.31B	1.1B	1.37B	1.05B	1.57B	2.05B	3.86B	2.11B	2.92B	0
Total Debt+	18.73B	18.54B	21.19B	22.34B	27.01B	33.42B	39.29B	44.07B	49.39B	0
Net Debt	16.21B	16.04B	19.32B	20.59B	24.67B	28.06B	29.2B	31.25B	29.04B	-9.06M
Long-Term Debt	18.73B	18.54B	21.19B	22.34B	27.01B	33.42B	38.99B	43.27B	49.19B	0
Short-Term Debt	299.99M	18.54B	21.19B	22.34B	379.88M	328.17M	300.45M	805.32M	200M	0
Other Liabilities	611.7M	3.34B	3.98B	-22.52B	3.38B	2.09B	134.4B	-70.71B	205.29B	0
Total Current Liabilities	2.19B	2.4B	2.79B	2.11B	2.6B	3.49B	31.13B	29.22B	4.44B	0
Total Non-Current Liabilities	19.4B	21.88B	25.17B	25.36B	30.4B	39.01B	175.01B	194.2B	254.48B	0
Total Liabilities	21.59B	21.88B	25.17B	25.36B	30.4B	39.01B	206.15B	223.42B	258.92B	985.61M
Total Equity+	49.47B	17.12B	20.66B	25.38B	30.5B	40.8B	58.14B	53.66B	35.53B	15.91M
Equity Growth %	-0.04%	-0.65%	0.21%	0.23%	0.2%	0.34%	0.42%	-0.08%	-0.34%	-1%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.01%	0.01%	0.05%	0.05%	0.17%	0.14%	0.25%	-0.02%	0.08%	0.28%
Book Value per Share	102.48	35.41	40.81	47.56	54.69	69.90	91.83	71.59	38.97	0.02
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	5.58B	5.51B	6.72B	8.34M	5.6M	5.73M	5.96M	8.61M	8.85M	0
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	0	5.94B	7.19B	91.95M	1.79B	3.44B	7.67B	6.32B	9.82B	0
Accumulated OCI	-28.8M	17.12B	20.66B	25.38B	-41.64M	-18.61M	-209.79M	-5.9B	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	482.55M	482.55M	482.55M	485.46M	1.6B	1.12B	1.12B	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	385.4M	-1.56B	-3.63B	-7.61B	-5.68B	-5.95B	-7.18B	-5.28B	-1.49B	6.65B
Operating CF Growth %	-0.74%	-5.05%	-1.32%	-1.1%	0.25%	-0.05%	-0.21%	0.26%	0.72%	5.45%
Net Income	5.28B	950.66M	2.56B	2.45B	4.64B	5.12B	12.3B	-1.02B	3.73B	4.91B
Depreciation & Amortization	42.42M	42.43M	33.14M	44.99M	50.77M	38.27M	386.87M	364.16M	0	-119.31M
Deferred Taxes	0	0	0	0	-50.77M	-38.27M	-386.87M	0	0	0
Other Non-Cash Items	-5.42B	-2.36B	-7.81B	-10.35B	-11.68B	-11.81B	-22.28B	-3.9B	-5.84B	1.12B
Working Capital Changes	272.82M	-421.72M	1.29B	-37.52M	1.06B	410.58M	2.28B	-1.45B	0	0
Cash from Investing+	-425.15M	-62.52M	57.73M	-78.6M	-207.36M	-153.39M	-9.61B	-13.65B	-3.88B	-19.05B
Purchase of Investments	-27.94B	-20.82B	-39.62B	-35.66B	-36.68B	-47.58B	-58.62B	-47.19B	-29.49B	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	4.86M	858K	0	26.63M	0	0	-473.78M	-1.69B	0	0
Other Investing	-27.42B	2.27M	155.85M	26.63M	1.37B	-3.35B	20.49M	-36.47M	59.46M	-18.91B
Cash from Financing+	169.41M	3.09B	2.94B	6.62B	6.48B	9.8B	20.36B	22.06B	12.77B	7.08B
Dividends Paid	-706.61M	-307.64M	-345.34M	-355.7M	-304.85M	-353.88M	-419.63M	-513.34M	-615.03M	-612.07M
Share Repurchases	-161.93M	-296.84M	-58.68M	-173.14M	-72.12M	-246.16M	-769.71M	-346.65M	-331.52M	0
Stock Issued	14.03B	8.33B	0	17.02B	14.72B	1.12B	38.46M	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	0	0	0	0	0	0	0
Other Financing	876.02M	3.39B	3.29B	6.97B	6.79B	10.16B	20.78B	22.57B	13.39B	7.69B
Net Change in Cash+	129.66M	1.46B	-632.22M	-1.09B	595.9M	3.76B	3.53B	2.86B	7.42B	0
Exchange Rate Effect	0	-1000K	1000K	-1000K	432K	1000K	-1000K	-1000K	1000K	0
Cash at Beginning	918.08M	1.05B	2.51B	3.74B	2.64B	3.24B	6.99B	10.53B	13.39B	0
Cash at End	1.05B	2.51B	1.88B	2.64B	3.24B	6.99B	10.53B	13.39B	20.81B	0
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	120.03M	-1.63B	-3.73B	-7.71B	-5.89B	-6.11B	-7.28B	-5.36B	-1.6B	6.51B
FCF Growth %	-0.9%	-14.56%	-1.29%	-1.07%	0.24%	-0.04%	-0.19%	0.26%	0.7%	5.06%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.97%	0.93%	5.39%	4.91%	16.6%	14.35%	24.85%	-1.83%	8.37%	27.6%
Return on Assets (ROA)	0.71%	0.56%	2.4%	2.34%	8.31%	7.27%	7.15%	-0.38%	1.26%	3.08%
Net Interest Margin	0.91%	0.59%	0.95%	1.03%	0.62%	0.54%	0.13%	0.09%	0.13%	318.19%
Efficiency Ratio	10.13%	74.36%	31.68%	29.85%	18.75%	18.45%	3.86%	17.37%	7.29%	6%
Equity / Assets	69.62%	43.89%	45.08%	50.02%	50.09%	51.12%	22%	19.49%	11.2%	1.59%
Book Value / Share	102.48	35.41	40.81	47.56	54.69	69.9	91.83	71.59	38.97	0.02
NII Growth	9.11%	-64.11%	86.98%	20.06%	-27.96%	15.63%	-18.48%	-27.19%	64.57%	652.52%
Dividend Payout	144.65%	99.46%	33.91%	31.45%	6.57%	6.91%	3.41%	-	16.48%	12.48%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Insurance	-	-	-	14.04M	-	10.4M	6.54B	5.4B	8.69B	14.67B
Insurance Growth	-	-	-	-	-	-	62794.85%	-17.48%	60.96%	68.73%
Asset Management And Strategic Holdingss	-	-	-	-	-	-	-	-	-	7.21B
Asset Management And Strategic Holdingss Growth	-	-	-	-	-	-	-	-	-	-
Asset Management	-	-	-	1.07B	824.9M	965.66M	9.69B	2.82B	5.81B	3.46B
Asset Management Growth	-	-	-	-	-22.84%	17.06%	903.72%	-70.89%	105.81%	-40.40%
Transaction Fee	-	-	-	988.95M	914.33M	950.21M	-	-	-	-
Transaction Fee Growth	-	-	-	-	-7.55%	3.92%	-	-	-	-
Expense Reimbursement	-	-	-	146.99M	169.41M	149.52M	-	-	-	-
Expense Reimbursement Growth	-	-	-	-	15.26%	-11.74%	-	-	-	-
Monitoring Fee	-	-	-	87.55M	106.29M	127.91M	-	-	-	-
Monitoring Fee Growth	-	-	-	-	21.41%	20.34%	-	-	-	-
Investment Advice	-	-	-	59.72M	69.29M	81.45M	-	-	-	-
Investment Advice Growth	-	-	-	-	16.02%	17.56%	-	-	-	-
Oil and Gas	-	-	-	51.47M	47.15M	21.05M	-	-	-	-
Oil and Gas Growth	-	-	-	-	-8.38%	-55.35%	-	-	-	-
Fee Credit	-	-	-	-231.94M	-340.9M	-299.42M	-	-	-	-
Fee Credit Growth	-	-	-	-	-46.98%	12.17%	-	-	-	-
Private Markets	1.88B	1.4B	2.44B	-	-	-	-	-	-	-
Private Markets Growth	-	-25.77%	75.09%	-	-	-	-	-	-	-
Public Markets	471.72M	547.93M	930.22M	-	-	-	-	-	-	-
Public Markets Growth	-	16.16%	69.77%	-	-	-	-	-	-	-
Principal Activities	153.51M	-78.76M	693.46M	-	-	-	-	-	-	-
Principal Activities Growth	-	-151.31%	980.43%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

KKR Group Finance Co. IX LLC 4. (KKRS) has a price-to-earnings (P/E) ratio of 3.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

KKR Group Finance Co. IX LLC 4. (KKRS) grew revenue by 50.9% over the past year. This is strong growth.

Yes, KKR Group Finance Co. IX LLC 4. (KKRS) is profitable, generating $6.00B in net income for fiscal year 2024 (22.4% net margin).

Dividend & Returns

Yes, KKR Group Finance Co. IX LLC 4. (KKRS) pays a dividend with a yield of 3.72%. This makes it attractive for income-focused investors.

KKR Group Finance Co. IX LLC 4. (KKRS) has a return on equity (ROE) of 27.6%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

KKR Group Finance Co. IX LLC 4. (KKRS) has a net interest margin (NIM) of 318.2%. This indicates healthy earnings from lending activities.

KKR Group Finance Co. IX LLC 4. (KKRS) has an efficiency ratio of 6.0%. This is excellent, indicating strong cost control.

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