KKR & Co. Inc.
- Open
- 100.82
- Day high
- 104.17
- Day low
- 100.40
- Prev close
- 102.75
- Volume
- 3.5M
- Mkt cap
- $90.6B
- P/E (TTM)
- 32.0
- EPS (TTM)
- $3.15
- P/B
- 3.0
- P/S
- 4.5
- Yield
- 0.74%
- Per share
- $0.75
KKR & Co. Inc. (KKR) is a Financial Services company listed on NYSE. The stock is down 31% over the past year. Drillr has 8 published research articles covering KKR.
KKR & Co. Inc. (KKR) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 8 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
KKR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $1.26 | $1.39 | +10.3% | $2.3B | +7.6% |
| Feb 5, 2026 | $1.14 | $1.12 | -1.8% | $5.7B | +215.3% |
| Nov 7, 2025 | $1.30 | $1.41 | +8.5% | $5.5B | +153.3% |
| Jul 31, 2025 | $1.14 | $1.18 | +3.5% | $5.0B | +181.3% |
| May 1, 2025 | $1.13 | $1.15 | +1.8% | $3.1B | +78.6% |
| Feb 4, 2025 | $1.30 | $1.32 | +1.5% | $3.2B | +60.7% |
| Oct 24, 2024 | $1.20 | $1.38 | +15.0% | $4.7B | +164.1% |
| Jul 31, 2024 | $1.06 | $1.09 | +2.8% | $4.1B | +146.5% |
| May 1, 2024 | $0.96 | $0.97 | +1.0% | $9.6B | +544.0% |
| Feb 7, 2023 | $0.86 | $0.92 | +7.0% | $2.5B | +78.8% |
| Nov 1, 2022 | $0.84 | $0.93 | +10.7% | $1.8B | +16.4% |
| Aug 2, 2022 | $0.93 | $0.95 | +2.2% | $291M | -83.7% |
KKR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 1, 2026 | Lewin Robert Hofficer: Chief Financial Officer | Grant | 650,000 | — |
| May 1, 2026 | Sudol Kathryn Kingofficer: Chief Legal Officer & GC | Grant | 300,000 | — |
| Mar 5, 2026 | BARAKETT TIMOTHY Rdirector | Buy | 50,000 | $94.47 |
| Feb 18, 2026 | NUTTALL SCOTT Cdirector, officer: Co-Chief Executive Officer | Buy | 34,761 | $102.13 |
| Feb 18, 2026 | NUTTALL SCOTT Cdirector, officer: Co-Chief Executive Officer | Buy | 112 | $103.41 |
| Feb 18, 2026 | BAE JOSEPH Ydirector, officer: Co-Chief Executive Officer | Buy | 63,467 | $102.49 |
| Feb 18, 2026 | Cohler Mattdirector | Buy | 43,872 | $102.90 |
| Feb 18, 2026 | BAE JOSEPH Ydirector, officer: Co-Chief Executive Officer | Buy | 22,801 | $100.39 |
| Feb 18, 2026 | NUTTALL SCOTT Cdirector, officer: Co-Chief Executive Officer | Buy | 90,127 | $102.87 |
| Feb 18, 2026 | BAE JOSEPH Ydirector, officer: Co-Chief Executive Officer | Buy | 30,082 | $103.17 |
| Feb 18, 2026 | BAE JOSEPH Ydirector, officer: Co-Chief Executive Officer | Buy | 8,650 | $101.30 |
| Feb 11, 2026 | BARAKETT TIMOTHY Rdirector | Buy | 50,000 | $104.93 |
| Dec 12, 2025 | Gutierrez Arturodirector | Grant | 1,605 | — |
| Dec 12, 2025 | NIEL XAVIER BRUNOdirector | Grant | 1,605 | — |
| Dec 12, 2025 | Ross Kimberly A.director | Grant | 1,605 | — |
Source: KKR SEC Form 4 filings, latest May 1, 2026. For informational purposes only — not investment advice.
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KKR & Co. Inc. company profile
Overview
KKR & Co. Inc. (NYSE:KKR) is one of the world's largest alternative asset management firms, founded in 1976 by Henry Kravis, George Roberts, and Jerome Kohlberg. Originally established as a private equity pioneer specializing in leveraged buyouts, KKR has evolved into a diversified global investment firm managing over $550 billion in assets across private equity, credit, real assets, and insurance. The firm went public in 2010 and has since expanded significantly through strategic acquisitions, including the complete acquisition of Global Atlantic Financial Group, and geographic expansion across North America, Europe, and Asia-Pacific markets.
Business
KKR operates as a comprehensive alternative asset manager across four primary business segments. The Asset Management segment represents the core business, managing investments across private equity (leveraged buyouts, growth equity, and turnaround investments), credit strategies (direct lending, asset-based finance, and distressed debt), and real assets (infrastructure, real estate, and natural resources). This segment generates approximately 70-75% of total revenues through management fees, transaction fees, and performance-based carried interest. The Insurance segment, anchored by Global Atlantic Financial Group, provides annuity and life insurance products while investing policyholder reserves in KKR's alternative investment strategies. This creates a synergistic capital source for KKR's funds while generating insurance underwriting profits and investment management fees, contributing roughly 15-20% of revenues. The Strategic Holdings segment represents KKR's direct investments in operating companies where they maintain significant ownership stakes and operational involvement. This includes businesses across technology, healthcare, and industrial sectors, generating approximately 5-10% of revenues through dividends and operational earnings. KKR also operates Capital Markets services, providing debt and equity underwriting, advisory services, and structured finance solutions primarily to portfolio companies and third-party clients. The firm has expanded into private wealth management through K-Series products, democratizing access to alternative investments for high-net-worth individuals and family offices.
Revenue model
KKR generates revenue through multiple complementary streams that create recurring and performance-based income. Management fees provide the foundation, charged as a percentage of committed capital (typically 1.5-2% annually) across all fund strategies, generating steady recurring revenue regardless of market performance. Transaction and monitoring fees are earned from portfolio companies for deal execution, ongoing advisory services, and board representation. Performance-based revenues represent the most significant profit driver, primarily through carried interest (typically 20% of fund profits above a preferred return threshold) and fee-related performance revenues from certain strategies. The insurance business generates revenue through underwriting spreads on annuity and life insurance products, plus management fees on invested assets. Capital markets revenues come from underwriting fees, advisory services, and structured finance transactions. Strategic Holdings contributes through dividends and operational earnings from controlled portfolio companies. Factors that increase margins include strong investment performance driving higher carried interest, successful fundraising expanding fee-paying assets, rising interest rates benefiting insurance spreads, and operational improvements in portfolio companies. Margin pressures arise from competitive fee compression, poor investment performance reducing carried interest, increased operating expenses from geographic expansion, regulatory compliance costs, and economic downturns affecting both fundraising and portfolio valuations. The firm's diversification across asset classes, geographies, and business models provides some protection against cyclical downturns in any single strategy.
Competitive moat
KKR possesses a moderately strong competitive moat built on several interconnected advantages. The firm's scale and track record spanning nearly five decades creates significant barriers to entry, as institutional investors prefer established managers with long-term performance histories. This reputation enables KKR to attract top-tier investment opportunities and charge premium fees. The network effects between KKR's business segments create a powerful flywheel - the insurance business provides permanent capital for investment strategies, while the asset management platform generates investment opportunities for insurance reserves. This integrated model is difficult for competitors to replicate and provides cost advantages through shared infrastructure and deal flow. KKR's operational expertise through KKR Capstone, their in-house consulting arm, differentiates them from purely financial investors by adding tangible value to portfolio companies through operational improvements, digital transformation, and strategic initiatives. This capability helps justify higher fees and generates superior returns. However, the moat faces meaningful challenges. The alternative asset management industry has become increasingly competitive with new entrants, including sovereign wealth funds and family offices building internal capabilities. Fee compression pressures persist across the industry, and regulatory changes could impact fund structures or investment flexibility. The firm's dependence on fundraising cycles creates vulnerability during market downturns when limited partners reduce commitments. Additionally, key person risk remains significant, as the departure of senior investment professionals could impact fundraising and performance. While KKR's diversification and scale provide advantages, the moat is not impregnable and requires continuous investment in talent, technology, and new strategies to maintain competitive positioning.
Risks & safety
KKR demonstrates a strong margin of safety with robust financial positioning and reasonable valuation metrics. • **Liquidity and Solvency**: Strong balance sheet with $15-18 billion in cash and short-term investments, current ratio of 4.1x, and substantial unencumbered assets providing significant financial flexibility • **Debt Management**: Debt-to-equity ratio of 2.1x is manageable for an asset management firm, with most debt being non-recourse or matched to specific assets • **Cash Generation**: Positive free cash flow of $2.5-6.5 billion annually with strong recurring fee income providing stable cash generation • **Valuation**: EV/EBITDA of 16-23x appears reasonable for a diversified alternative asset manager with strong growth prospects • **Fee Stability**: Nearly $450 billion in fee-paying AUM provides substantial recurring revenue base with management fees covering operating expenses • **Capital Requirements**: Asset-light business model requires minimal ongoing capital expenditures, with most cash flow available for growth investments and shareholder returns
Recent development
Over the past few years, KKR has executed several transformative strategic initiatives to diversify revenue streams and expand market reach. The complete acquisition of Global Atlantic Financial Group represents the most significant development, creating a fully integrated insurance platform that provides permanent capital for KKR strategies while generating underwriting profits. This acquisition has enabled KKR to target 20%+ all-in ROE for the insurance business while extending liability duration and increasing alternatives exposure. The firm has aggressively expanded into private wealth management through K-Series products, growing assets from $5 billion to over $20 billion in just two years. The strategic partnership with Capital Group aims to develop hybrid investment products for mass market investors, potentially accessing the massive 401(k) market opportunity. KKR has significantly scaled its real assets platform, growing infrastructure AUM from $13 billion to $77 billion over five years, with particular strength in digital infrastructure including four data center platforms worth over $150 billion in enterprise value. The credit business has expanded to $240 billion AUM, with asset-based finance exceeding $65 billion and growing 40% annually. The Strategic Holdings initiative represents a newer focus area, with KKR targeting $300 million in operating earnings by 2026, $600 million by 2028, and $1 billion by 2030 through increased ownership stakes in high-quality portfolio companies. The firm has also enhanced its capital markets capabilities, achieving record quarterly revenues of $424 million in Q3 2024, and expanded globally with particular focus on Asia-Pacific markets and climate investing strategies.
KKR company profile · for informational purposes only — not investment advice.
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