KKR & Co. Inc. (KKR)

FairStock Score: 45/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach KKR as I would any asset manager: the business earns fees and invests its own capital, which can be wonderful in good markets and painful in bad ones. The filed numbers show lumpiness. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $5.7B and net income was $700.5M, up from fiscal Q2 2025's $5.1B and $510.1M. But fiscal 2025 revenue was $19.5B and net income $2.4B, down from fiscal 2024's $21.9B and $3.1B; fiscal 2023 net income was $3.7B. So growth is not a straight line. On FairStock calculations at the 2026-10-13 close of $87.16, the P/E is 27.85 and P/B is 2.75. ROE is 7.28%, ROCE 1.39%, and D/E 0.70. The Graham Number is $49.35, implying a negative margin of safety of -76.62%, while the FCF yield is only 3.0%. The Altman Z-Score of 0.72 and Piotroski F-Score of 5/9 suggest financial fragility and only average accounting momentum. PEG of 0.75 and EV/EBITDA of 11.52 are less demanding, but they do not offset the weak asset-based value. KKR's moat comes from scale, fundraising relationships, and deal expertise, but asset management is competitive and cyclical. The Lynch category is TURNAROUND — returned to profit after a loss within the last three years — which fits the uneven record. I want a wider discount before calling this a value opportunity.

In plain English: KKR & Co. is an asset manager and private-equity firm that invests in companies and real estate. Its latest quarter showed more revenue and profit than a year earlier, but annual results have been uneven and the company uses borrowed money. At $87.16, the price looks expensive compared with its accounting value and cash generation, so it is not an obvious bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer