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Kyndryl Holdings, Inc. (KD) 10-Year Financial Performance & Capital Metrics

KD • • Industrial / General
TechnologyIT ServicesIT Consulting & Professional ServicesSpecialized Digital Services
AboutKyndryl Holdings, Inc. operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and cloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services. It serves financial, telecommunications, retail, automobile, and transportation industries. The company was incorporated in 2020 and is headquartered in New York, New York.Show more
  • Revenue $15.06B -6.2%
  • EBITDA $1.57B +23.3%
  • Net Income $252M +174.1%
  • EPS (Diluted) 1.05 +170.9%
  • Gross Margin 20.87% +17.0%
  • EBITDA Margin 10.42% +31.4%
  • Operating Margin 3.67% +553.8%
  • Net Margin 1.67% +179.0%
  • ROE 18.92% +168.3%
  • ROIC 11.82% +531.9%
  • Debt/Equity 2.97
  • Interest Coverage 5.52 +648.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

  • ✗High debt to equity ratio of 3.0x
  • ✗Sales declining 5.8% over 5 years
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-5.78%
3Y-6.9%
TTM-0.85%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM572.5%

EPS CAGR

10Y-
5Y-
3Y-
TTM699.03%

ROCE

10Y Avg-3.3%
5Y Avg-2.44%
3Y Avg1.44%
Latest8.97%

Peer Comparison

Specialized Digital Services
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Momentum & Returns
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Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
GDYNGrid Dynamics Holdings, Inc.794.62M9.37185.5412.04%3.42%2.58%2.32%0.02
EPAMEPAM Systems, Inc.11.89B215.2427.450.8%7.01%9.97%4.43%0.04
KDKyndryl Holdings, Inc.6.18B27.0525.76-6.2%3.78%42.57%5.45%2.97
GLOBGlobant S.A.2.97B67.4818.1415.26%4.01%4.45%7.43%0.20
CDWCDW Corporation17.22B132.2916.60-1.77%4.76%41.39%6.7%2.55
ASGNASGN Incorporated2.14B50.0213.06-7.88%3.28%7.13%17.08%0.62
MASK3 E Network Technology Group Ltd Class A Ordinary Shares7.31M0.322.31172.95%40.98%76.44%12.72%0.15
XRXXerox Holdings Corporation344.43M2.69-0.25-9.66%-14.79%-164.48%100%2.75

Profit & Loss

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales/Revenue+20.28B18.66B18.66B17.03B16.05B15.06B
Revenue Growth %--0.08%0%-0.09%-0.06%-0.06%
Cost of Goods Sold+17.68B16.55B16.55B14.5B13.19B11.91B
COGS % of Revenue0.87%0.89%0.89%0.85%0.82%0.79%
Gross Profit+2.6B2.11B2.11B2.53B2.86B3.14B
Gross Margin %0.13%0.11%0.11%0.15%0.18%0.21%
Gross Profit Growth %--0.19%0%0.2%0.13%0.1%
Operating Expenses+3.23B2.78B2.78B2.91B2.77B2.59B
OpEx % of Revenue0.16%0.15%0.15%0.17%0.17%0.17%
Selling, General & Admin3.15B2.78B2.78B2.91B2.77B2.59B
SG&A % of Revenue0.16%0.15%0.15%0.17%0.17%0.17%
Research & Development83M00000
R&D % of Revenue0%-----
Other Operating Expenses000000
Operating Income+-631M-669M-669M-386M90M552M
Operating Margin %-0.03%-0.04%-0.04%-0.02%0.01%0.04%
Operating Income Growth %--0.06%0%0.42%1.23%5.13%
EBITDA+867M995M995M988M1.27B1.57B
EBITDA Margin %0.04%0.05%0.05%0.06%0.08%0.1%
EBITDA Growth %-0.15%0%-0.01%0.29%0.23%
D&A (Non-Cash Add-back)1.5B1.66B1.66B1.37B1.18B1.02B
EBIT-523M-1.84B-1.84B-757M-46M535M
Net Interest Income+-76M-64M-64M-94M-122M-100M
Interest Income000000
Interest Expense76M64M64M94M122M100M
Other Income/Expense52M-1.23B-1.23B-465M-258M-117M
Pretax Income+-579M-1.9B-1.9B-851M-168M435M
Pretax Margin %-0.03%-0.1%-0.1%-0.05%-0.01%0.03%
Income Tax+364M402M402M524M172M184M
Effective Tax Rate %1.63%1.21%1.21%1.61%2.02%0.58%
Net Income+-943M-2.3B-2.3B-1.37B-340M252M
Net Margin %-0.05%-0.12%-0.12%-0.08%-0.02%0.02%
Net Income Growth %--1.44%0%0.4%0.75%1.74%
Net Income (Continuing)-943M-2.31B-2.31B-1.38B-340M251M
Discontinued Operations000000
Minority Interest56M3M97M107M113M113M
EPS (Diluted)+-4.21-8.99-10.28-6.06-1.481.05
EPS Growth %--1.14%-0.14%0.41%0.76%1.71%
EPS (Basic)-4.21-8.99-10.28-6.06-1.481.09
Diluted Shares Outstanding223.92M223.92M224.1M226.7M229.2M239.1M
Basic Shares Outstanding223.92M223.92M224.1M226.7M229.2M231.5M
Dividend Payout Ratio------

Balance Sheet

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Current Assets+3.15B5.78B4.96B4.75B4.59B4.59B
Cash & Short-Term Investments36M2.22B1.85B1.55B1.79B1.79B
Cash Only36M2.22B1.85B1.55B1.79B1.79B
Short-Term Investments000000
Accounts Receivable1.79B2.28B1.52B1.6B1.34B1.34B
Days Sales Outstanding32.2244.5929.834.2830.5832.6
Inventory000000
Days Inventory Outstanding------
Other Current Assets1.15B938M1.59B1.59B1.46B1.46B
Total Non-Current Assets+8.59B7.44B6.5B5.84B5.86B5.86B
Property, Plant & Equipment5.34B4.29B3.74B3.54B3.3B3.3B
Fixed Asset Turnover3.80x4.35x4.98x4.81x4.86x4.56x
Goodwill1.16B732M812M805M790M790M
Intangible Assets89M36M171M188M217M217M
Long-Term Investments000000
Other Non-Current Assets1.65B1.71B1.53B1.09B1.35B1.35B
Total Assets+11.74B13.21B11.46B10.59B10.45B10.45B
Asset Turnover1.73x1.41x1.63x1.61x1.54x1.44x
Asset Growth %-0.13%-0.13%-0.08%-0.01%0%
Total Current Liabilities+3.41B4.46B4.87B4.59B4.3B4.3B
Accounts Payable826M1.14B1.77B1.41B1.35B1.35B
Days Payables Outstanding17.0525.1439.1235.4537.3941.39
Short-Term Debt0105M110M126M129M129M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities957M961M606M655M681M681M
Current Ratio0.92x1.30x1.02x1.03x1.07x1.07x
Quick Ratio0.92x1.30x1.02x1.03x1.07x1.07x
Cash Conversion Cycle------
Total Non-Current Liabilities+2.39B5.99B5.13B4.88B4.82B4.82B
Long-Term Debt03.13B3.11B3.11B3.04B3.04B
Capital Lease Obligations990M1.01B707M622M511M511M
Deferred Tax Liabilities80M179M183M145M187M187M
Other Non-Current Liabilities703M1.2B771M686M739M739M
Total Liabilities5.8B10.45B10B9.47B9.12B9.12B
Total Debt+1.36B4.6B4.24B4.14B3.96B3.96B
Net Debt1.32B2.38B2.4B2.59B2.17B2.17B
Debt / Equity0.23x1.66x2.90x3.69x2.97x2.97x
Debt / EBITDA1.57x4.62x4.27x4.20x3.11x2.52x
Net Debt / EBITDA1.53x2.39x2.41x2.62x1.70x1.38x
Interest Coverage-8.30x-10.45x-10.45x-4.11x0.74x5.52x
Total Equity+5.95B2.77B1.46B1.12B1.33B1.33B
Equity Growth %--0.53%-0.47%-0.23%0.19%0%
Book Value per Share26.5612.366.524.955.815.57
Total Shareholders' Equity5.89B2.77B1.36B1.01B1.22B1.22B
Common Stock7.11B4.28B4.43B4.52B4.63B4.63B
Retained Earnings0-375M-1.98B-2.32B-2.07B-2.07B
Treasury Stock0-1M-23M-45M-184M-184M
Accumulated OCI-1.22B-1.14B-1.06B-1.15B-1.16B-1.16B
Minority Interest56M3M97M107M113M113M

Cash Flow

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operations+1.13B628M-119M454M454M942M
Operating CF Margin %0.06%0.03%-0.01%0.03%0.03%0.06%
Operating CF Growth %--0.45%-1.19%4.82%0%1.07%
Net Income-943M-2.01B-2.3B-340M-340M252M
Depreciation & Amortization4.04B3.96B1.66B1.18B1.18B1.02B
Stock-Based Compensation064M71M95M95M100M
Deferred Taxes-33M0-401M-13M-13M-1M
Other Non-Cash Items52M318M2.32B1.83B1.83B1.55B
Working Capital Changes-1.98B-1.71B-1.47B-2.3B-2.3B-1.97B
Change in Receivables23M387M-1.08B11M11M289M
Change in Inventory000000
Change in Payables33M0125M-305M-305M-89M
Cash from Investing+-1.13B-953M-572M-553M-553M-404M
Capital Expenditures-1.19B-1.04B-752M-651M-651M-605M
CapEx % of Revenue0.06%0.06%0.04%0.04%0.04%0.04%
Acquisitions------
Investments------
Other Investing-1M83M180M98M98M62M
Cash from Financing+0312M2.92B-170M-170M-286M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing0378M-31M2M2M0
Net Change in Cash------
Free Cash Flow+-56M-408M-871M-197M-197M337M
FCF Margin %-0%-0.02%-0.05%-0.01%-0.01%0.02%
FCF Growth %--6.29%-1.13%0.77%0%2.71%
FCF per Share-0.25-1.82-3.89-0.87-0.861.41
FCF Conversion (FCF/Net Income)-1.20x-0.27x0.05x-0.33x-1.34x3.74x
Interest Paid002M118M118M119M
Taxes Paid0012M191M191M149M

Key Ratios

Metric202020212022202320242025
Return on Equity (ROE)-15.85%-52.87%-108.94%-106.35%-27.71%18.92%
Return on Invested Capital (ROIC)-6.51%-8.08%-11.14%-7.65%1.87%11.82%
Gross Margin12.81%11.29%11.29%14.85%17.84%20.87%
Net Margin-4.65%-12.35%-12.35%-8.07%-2.12%1.67%
Debt / Equity0.23x1.66x2.90x3.69x2.97x2.97x
Interest Coverage-8.30x-10.45x-10.45x-4.11x0.74x5.52x
FCF Conversion-1.20x-0.27x0.05x-0.33x-1.34x3.74x
Revenue Growth--8%0%-8.74%-5.72%-6.2%

Revenue by Segment

202220242025
Principal Markets7.08B5.82B5.21B
Principal Markets Growth--17.81%-10.60%
United States4.8B4.29B3.88B
United States Growth--10.61%-9.76%
Strategic Markets3.84B3.59B3.62B
Strategic Markets Growth--6.61%0.75%
Japan2.92B2.34B2.36B
Japan Growth--19.81%0.60%

Revenue by Geography

202220242025
Other countries, excluding United States and Japan10.93B9.41B8.82B
Other countries, excluding United States and Japan Growth--13.88%-6.27%
United States4.8B4.29B3.88B
United States Growth--10.61%-9.76%
Japan2.92B2.34B2.36B
Japan Growth--19.81%0.60%

Frequently Asked Questions

Valuation & Price

Kyndryl Holdings, Inc. (KD) has a price-to-earnings (P/E) ratio of 25.8x. This suggests investors expect higher future growth.

Growth & Financials

Kyndryl Holdings, Inc. (KD) reported $15.01B in revenue for fiscal year 2025. This represents a 26% decrease from $20.28B in 2020.

Kyndryl Holdings, Inc. (KD) saw revenue decline by 6.2% over the past year.

Yes, Kyndryl Holdings, Inc. (KD) is profitable, generating $567.0M in net income for fiscal year 2025 (1.7% net margin).

Dividend & Returns

Kyndryl Holdings, Inc. (KD) has a return on equity (ROE) of 18.9%. This is reasonable for most industries.

Kyndryl Holdings, Inc. (KD) had negative free cash flow of $46.0M in fiscal year 2025, likely due to heavy capital investments.

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