KKR Past Earnings Performance

Past criteria checks 5/6

KKR has been growing earnings at an average annual rate of 10.7%, while the Capital Markets industry saw earnings growing at 8.3% annually. Revenues have been growing at an average rate of 22.4% per year. KKR's return on equity is 10.4%, and it has net margins of 14.5%.

Key information

10.7%

Earnings growth rate

0.1%

EPS growth rate

Capital Markets Industry Growth	10.3%
Revenue growth rate	22.4%
Return on equity	10.4%
Net Margin	14.5%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How KKR makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:KKR Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	26,611	3,863	6,790
31 Mar 24	26,064	4,040	6,488
31 Dec 23	18,664	3,681	5,735
30 Sep 23	15,280	2,761	5,142
30 Jun 23	12,049	1,321	4,447
31 Mar 23	6,136	-258	3,926
31 Dec 22	5,515	-591	3,497
30 Sep 22	7,142	-204	4,134
30 Jun 22	12,087	895	4,806
31 Mar 22	19,983	2,907	5,570
31 Dec 21	24,821	4,627	6,371
30 Sep 21	26,832	5,539	5,852
30 Jun 21	24,426	5,455	5,463
31 Mar 21	20,785	4,876	4,631
31 Dec 20	8,510	1,943	2,913
30 Sep 20	4,716	973	2,505
30 Jun 20	1,308	166	2,031
31 Mar 20	743	-18	2,083
31 Dec 19	8,077	1,972	2,908
30 Sep 19	4,733	1,064	2,395
30 Jun 19	5,683	1,463	2,515
31 Mar 19	5,642	1,629	2,382
31 Dec 18	4,199	1,101	2,089
30 Sep 18	6,476	1,660	2,488
30 Jun 18	5,452	1,174	2,279
31 Mar 18	4,681	899	2,233
31 Dec 17	4,999	985	2,337
30 Sep 17	4,658	990	2,193
30 Jun 17	5,255	1,188	2,174
31 Mar 17	4,476	876	1,968
31 Dec 16	2,589	287	1,736
30 Sep 16	3,546	148	1,744
30 Jun 16	1,100	-394	1,480
31 Mar 16	4,289	-112	1,611
31 Dec 15	7,213	488	1,817
30 Sep 15	6,522	456	1,729
30 Jun 15	8,876	736	1,987
31 Mar 15	7,630	538	2,010
31 Dec 14	7,655	478	1,963
30 Sep 14	10,422	756	2,121
30 Jun 14	11,678	871	2,072
31 Mar 14	9,611	708	1,787
31 Dec 13	9,659	691	1,767

Quality Earnings: KKR has high quality earnings.

Growing Profit Margin: KKR's current net profit margins (14.5%) are higher than last year (11%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: KKR's earnings have grown by 10.7% per year over the past 5 years.

Accelerating Growth: KKR's earnings growth over the past year (192.5%) exceeds its 5-year average (10.7% per year).

Earnings vs Industry: KKR earnings growth over the past year (192.5%) exceeded the Capital Markets industry 16.3%.

KKR Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Second quarter 2024 earnings released: EPS: US$0.75 (vs US$0.98 in 2Q 2023)

KKR & Co. Inc. to Report Q2, 2024 Results on Jul 31, 2024

Recent updates

KKR & Co. Inc. (NYSE:KKR) acquired TPS Parking Management, LLC from Green Courte Partners, LLC.

KKR Reportedly Walks Away from $3 Billion Plus Loscam Deal

KKR Reportedly to Weigh Takeover Bid for ASMPT

Brookfield Reportedly Eyes Singapore Post

Thoma Bravo, L.P. completed the acquisition of Darktrace plc (LSE:DARK) from KKR Dark Aggregator, Summit partners.

Leonard Green & Partners, L.P. entered into an agreement to acquire GeoStabilization International LLC from KKR Americas Fund XII LP, a fund managed by KKR & Co. Inc. (NYSE:KKR).

Nomura Holdings and Mizuho Financial Group Reportedly Leading Bidders for Avendus Capital

Earnings Tell The Story For KKR & Co. Inc. (NYSE:KKR)

Impilo AB and KKR Health Care Strategic Growth Fund II SCSp managed by KKR & Co. Inc. (NYSE:KKR) completed the acquisition of an unknown minority stake in Immedica Pharma from Impilo AB.

Nomura Reportedly Enters the Race to Acquire Avendus

Alkem Reportedly Joins $3 Billion Race for JB Chem as Torrent Pauses Talks

Carlyle, Mizuho & Premji Invest Reportedly Aim for Avendus

KKR & Co. Inc. (NYSE:KKR) and Mirastar Real Estate Investment Management Limited acquired Portfolio of Five Prime Logistics assets from Peel Logistics Management Limited.

KKR's Trillion-Dollar Playbook: How Shareholders Could Win Big

KKR & Co. Inc. (NYSE:KKR) acquired Kent Valley industrial building in Auburn from Blackstone Real Estate Advisors L.P for $58.4 million.

KKR Reportedly in Talks to Buy The Parking Spot in $1.4 Billion Deal

KKR, TPG Capital, Apax Partners and Other PE Firms Reportedly Eye Purchase of Sahajanand Medical Technologies

EQT Private Capital Asia agreed to acquire PropertyGuru Group Limited (NYSE:PGRU) from TPG Capital, L.P., KKR & Co. Inc. (NYSE:KKR), REA Group Limited (ASX:REA) and others for $1 billion.

KKR-Led Consortium Reportedly Starts Sale Process for Around $3.0 Billion Philippines Hospital Business

Inter Infrastructure Capital a fund managed by IKANO Fund Management SA acquired 12.25% stake in Q-Park N.V. from company's existing shareholders and KKR Global Infrastructure Investors II LP a fund managed by KKR & Co. Inc. (NYSE:KKR).

Torrent Pharma Reportedly is Said to Seek Raising $3 Billion for KKR's Stake in JB Chemicals

KKR European Fund VI, a fund managed by KKR & Co. Inc. (NYSE:KKR) entered into an agreement to an additional 50% stake in FGS Global Inc from WPP plc (LSE:WPP) for approximately $780 million.

KKR European Fund VI, a fund managed by KKR & Co. Inc. (NYSE:KKR) entered into an agreement to an additional 50% stake in FGS Global Inc from WPP plc (LSE:WPP) for approximately $780 million.

Second quarter dividend of US$0.17 announced

Price target increased by 8.6% to US$132

Second quarter 2024 earnings released: EPS: US$0.75 (vs US$0.98 in 2Q 2023)

Now 22% overvalued after recent price rise

KKR & Co. Inc. Declares Dividend for the Second Quarter of 2024, Payable on August 27, 2024

Torrent Pharmaceuticals Reportedly in Talks to Acquire KKR’s Stake in JB Chemicals

General Atlantic, Other PE Funds Reportedly in Talks for Majority Stake in AIMS

KKR North America Fund XIII SCSp managed by KKR & Co. Inc. (NYSE:KKR) and Dragoneer Investment Group, LLC entered into a definitive agreement to acquire Instructure Holdings, Inc. from Thoma Bravo, L.P. and others for $3.6 billion.

A joint venture between T-Mobile US, Inc. (NasdaqGS:TMUS) and KKR & Co. Inc. (NYSE:KKR) entered into a definitive agreement to acquire MetroNet Holdings, LLC from Oak Hill Capital Management, LLC and the Cinelli family.

KKR & Co. Inc. (NYSE:KKR) along with Tower Bridge Infrastructure Partners LP managed by Global Infrastructure Management, LLC completed the acquisition of 40.86222% stake in Vantage Towers AG (DB:VTWR) from Vodafone GmbH.

KKR & Co. Inc. (NYSE:KKR) along with Tower Bridge Infrastructure Partners LP managed by Global Infrastructure Management, LLC completed the acquisition of 40.86222% stake in Vantage Towers AG (DB:VTWR) from Vodafone GmbH.

KKR Reportedly Mulls Options for Stake in Biotage

KKR Reportedly Considers $3 Billion Sale of KITO Crosby

KKR & Co. Inc. to Report Q2, 2024 Results on Jul 31, 2024

KKR Reportedly Considers Reviving Multibillion-Dollar Sale of Goodpack

Francisco, KKR Reportedly to Consider Takeover of Instructure

KKR Asian Fund IV and KKR & Co. Inc. (NYSE:KKR) agreed to acquire unknown controlling stake in Baby Memorial Hospital Limited.

KKR: Asset Growth Justifies Its Strong Rally

Carlyle, KKR Reportedly Shortlisted to Bid for Discover's US Student Loan Portfolio

Renesas Electronics Corporation (TSE:6723) completed the acquisition of acquire Transphorm, Inc. (NasdaqCM:TGAN) from KKR & Co. Inc. (NYSE:KKR), KKR Phorm Investors L.P., KKR Group Partnership L.P., KKR Group Holdings Corp., KKR Group Co. Inc. and KKR Phorm Investors GP LLC.

KKR: Overvalued Due To Rapid Multiple Expansion Despite S&P 500 Entrance

KKR Reportedly Taps Morgan Stanley for Loscam Play

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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