Kyndryl Holdings, Inc. (KD) Key Metrics
KD valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.88B
- Enterprise value
- $5.46B
- P/E (TTM)
- 35.7
- Forward P/E
- 5.4
- PEG ratio
- —
- Price / sales
- 0.2 10-yr median 0.2
- Price / book
- 2.5 10-yr median 2.6
- EV / EBITDA
- 3.8 10-yr median 6.5
- Dividend yield
- —
- Beta
- 1.73
KD key metrics, FY2019–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsKD valuation Price multiples at each fiscal year-end price.
KD returns How much profit the business earns on the capital it uses.
KD per-share figures Results divided by the shares outstanding at year-end.
KD financial health Debt, liquidity and how easily interest is covered.
KD efficiency & capital use Working capital cycle and where the cash goes.
KD valuation history
KD returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KD cash returned to shareholders
KD price vs earnings per share
KD key metrics
FY2019–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $3.07B | $7.51B | $4.99B | $3.35B | $2.94B | — | — | — |
| Enterprise value | $5.40B | $9.68B | $7.58B | $5.74B | $5.32B | — | — | — |
| P/E ratio | 15.5 | 29.8 | — | — | — | — | — | — |
| Price / sales | 0.2 | 0.5 | 0.3 | 0.2 | 0.2 | — | — | — |
| Price / book | 2.6 | 6.2 | 4.9 | 2.5 | 1.1 | — | — | — |
| Price / free cash flow | 9.0 | 22.3 | — | — | — | — | — | — |
| Price / operating cash flow | 3.2 | 8.0 | 11.0 | 7.4 | — | — | — | — |
| EV / sales | 0.4 | 0.6 | 0.5 | 0.3 | 0.3 | — | — | — |
| EV / EBITDA | 1.6 | 6.2 | 6.7 | 9.3 | — | — | — | — |
| EV / free cash flow | 15.9 | 28.7 | — | — | — | — | — | — |
| Earnings yield | 6.5% | 3.4% | −6.8% | −41.1% | −78.4% | — | — | — |
| Free cash flow yield | 11.1% | 4.5% | −3.9% | −5.9% | −29.6% | — | — | — |
| Shareholder yield (dividends + buybacks) | 13.0% | 1.8% | 0.4% | 0.7% | 0.0% | — | — | — |
| Share price at fiscal year-end | $13.12 | $31.40 | $21.76 | $14.76 | $13.12 | — | — | — |
| Per share | ||||||||
| Revenue per share | $64.55 | $62.97 | $70.03 | $75.10 | $83.25 | $86.42 | $83.32 | $97.34 |
| Earnings per share | $0.85 | $1.05 | −$1.48 | −$6.06 | −$10.28 | −$8.99 | −$10.29 | −$4.38 |
| Operating cash flow per share | $4.05 | $3.94 | $1.98 | $2.00 | −$0.53 | −$0.53 | $5.06 | $3.01 |
| Free cash flow per share | $1.45 | $1.41 | −$0.86 | −$0.87 | −$3.89 | −$3.89 | −$0.25 | −$3.97 |
| Cash per share | $11.22 | $7.47 | $6.78 | $8.15 | $9.92 | $9.93 | $0.16 | — |
| Book value per share | $5.03 | $5.10 | $4.43 | $6.02 | $12.34 | $12.35 | $26.31 | — |
| Tangible book value per share | $0.96 | $0.89 | $0.10 | $1.69 | $8.91 | $8.92 | $20.73 | — |
| Capex per share | $2.60 | $2.53 | $2.84 | $2.87 | $3.36 | $3.36 | $5.31 | $6.98 |
| Debt per share | $21.20 | $16.55 | $18.08 | $18.72 | $20.53 | $20.54 | $6.07 | — |
| Shares outstanding | 233.8M | 239.1M | 229.2M | 226.7M | 224.1M | 223.9M | 223.9M | 223.9M |
| Change in shares outstanding | −2.2% | +4.3% | +1.1% | +1.2% | +0.1% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | 16.5% | 22.6% | −28.6% | −66.5% | −83.3% | −46.5% | −39.1% | — |
| Return on invested capital (ROIC) | 9.2% | 9.1% | 1.9% | −6.8% | −10.3% | −21.8% | −7.3% | — |
| Return on assets (ROA) | 1.7% | 2.4% | −3.1% | −11.1% | −17.4% | −16.1% | −19.6% | — |
| Return on tangible assets | 1.7% | 2.7% | −3.5% | −13.1% | −18.5% | −16.2% | −22.0% | — |
| Free cash flow margin | 2.3% | 2.2% | −1.2% | −1.2% | −4.7% | −4.5% | −0.3% | −4.1% |
| Income quality (OCF / net income) | 4.79 | 3.74 | — | — | — | — | — | — |
| Financial health | ||||||||
| Total debt | $4.96B | $3.96B | $4.14B | $4.24B | $4.60B | $4.60B | $1.36B | — |
| Cash & short-term investments | $2.62B | $1.79B | $1.55B | $1.85B | $2.22B | $2.22B | $36.0M | — |
| Net debt | $2.33B | $2.17B | $2.59B | $2.40B | $2.38B | $2.38B | $1.32B | — |
| Debt / equity | 4.22 | 3.25 | 4.08 | 3.11 | 1.66 | 1.66 | 0.23 | — |
| Debt / assets | 0.39 | 0.38 | 0.39 | 0.37 | 0.35 | 0.35 | 0.12 | — |
| Net debt / EBITDA | 0.71 | 1.40 | 2.28 | 3.88 | — | — | — | — |
| Current ratio | 0.88 | 1.07 | 1.03 | 1.02 | 1.30 | 1.30 | 0.92 | — |
| Quick ratio | 0.88 | 1.07 | 0.80 | 0.80 | 1.01 | 0.99 | 0.59 | — |
| Interest coverage | 7.1 | 5.5 | 0.7 | -4.1 | -10.5 | -26.6 | -10.5 | -5.1 |
| Working capital | −$779.0M | $289.0M | $158.0M | $95.0M | $1.32B | $1.32B | −$257.0M | — |
| Invested capital | $3.51B | $3.39B | $3.61B | $3.76B | $5.14B | $5.14B | $7.22B | — |
| Tangible asset value | $341.0M | $325.0M | $129.0M | $479.0M | $2.00B | $2.00B | $4.70B | — |
| Net current asset value | −$5.73B | −$4.53B | −$4.72B | −$5.04B | −$4.67B | −$4.67B | −$2.65B | — |
| Graham number | $9.79 | $11.00 | — | — | — | — | — | — |
| Graham net-net per share | −$32.77 | −$26.45 | −$26.94 | −$28.55 | −$26.22 | −$26.01 | −$17.17 | — |
| Capital allocation | ||||||||
| Share buybacks (net) | $398.0M | $138.0M | $22.0M | $22.0M | $1.0M | $1.0M | $0 | — |
| Dividends + buybacks / free cash flow | 117.1% | 40.9% | — | — | — | — | — | — |
| Capex / revenue | 4.0% | 4.0% | 4.1% | 3.8% | 4.0% | 3.9% | 6.4% | 7.2% |
| Capex / operating cash flow | 64.1% | 64.2% | 143.4% | 143.4% | — | — | 104.9% | 231.9% |
| Capex / depreciation | 0.22 | 0.59 | 0.55 | 0.47 | 0.45 | 0.45 | 0.29 | 1.02 |
| Stock-based compensation / revenue | 0.4% | 0.7% | 0.6% | 0.6% | 0.4% | 0.4% | 0.3% | 0.3% |
| R&D / revenue | — | 0.3% | 0.4% | 0.5% | 0.1% | 0.4% | 0.4% | 0.3% |
| SG&A / revenue | 17.6% | 16.8% | 16.6% | 17.1% | 14.9% | 19.9% | 14.9% | 13.9% |
| Efficiency | ||||||||
| Days sales outstanding | 32.0 | 35.7 | 35.5 | 40.8 | 44.6 | 38.4 | 35.0 | — |
| Days of inventory on hand | — | — | 29.9 | 29.7 | 29.2 | 27.8 | 25.3 | — |
| Days payables outstanding | 41.7 | 42.3 | 44.0 | 36.7 | 25.1 | 21.7 | 18.2 | — |
| Cash conversion cycle (days) | -9.7 | -6.6 | 21.4 | 33.7 | 48.7 | 44.5 | 42.1 | — |
| Receivables turnover | 11.41 | 10.23 | 10.28 | 8.96 | 8.19 | 9.51 | 10.42 | — |
| Payables turnover | 8.75 | 8.64 | 8.29 | 9.95 | 14.52 | 16.84 | 20.04 | — |
| Inventory turnover | — | — | 12.19 | 12.31 | 12.49 | 13.12 | 14.43 | — |
| Asset turnover | 1.31 | 1.43 | 1.46 | 1.38 | 1.41 | 1.55 | 1.59 | — |
| Average receivables | $1.32B | $1.47B | $1.56B | $1.90B | $2.28B | $2.03B | $1.79B | — |
| Average payables | $1.35B | $1.38B | $1.59B | $1.46B | $1.14B | $983.0M | $826.0M | — |
| Average inventory | — | — | $1.08B | $1.18B | $1.32B | $1.26B | $1.15B | — |
| Intangibles / total assets | 7.6% | 9.6% | 9.4% | 8.6% | 5.8% | 5.8% | 10.7% | — |
Computed from KD's annual financial statements (latest annual report filed May 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
KD valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), Kyndryl traded at 15.5 times earnings. Based on the latest twelve months, the trailing P/E is 35.7 and the forward P/E is 5.4. Kyndryl earned a return on equity of 16.5% and a return on invested capital of 9.2% in fiscal 2026. It ended the year with $5.0 billion of debt and $2.6 billion in cash and short-term investments, net debt of $2.3 billion. It returned $398.0 million to shareholders: $0 in dividends and $398.0 million in share buybacks, 117% of free cash flow. The share count rose 4.4% from 223.9M to 233.8M over 7 years.
See the KD income statement, the KD chart for price history, or the KD stock overview for the latest quote and news.
KD key metrics FAQ
What is Kyndryl's P/E ratio?
Kyndryl's trailing P/E ratio is 35.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 5.4. At the end of fiscal 2026 it was 15.5.
What is Kyndryl's EV/EBITDA?
Kyndryl's enterprise value was 1.6 times EBITDA at the end of fiscal 2026 (enterprise value $5.4 billion, EBITDA $3.3 billion); the current EV/EBITDA is 3.8.
What is Kyndryl's return on equity?
Kyndryl's return on equity (ROE) was 16.5% in fiscal 2026: net income of $198.0 million on average shareholders' equity of $1.2 billion.
What is Kyndryl's ROIC?
Kyndryl's return on invested capital was 9.2% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Kyndryl have?
Kyndryl had total debt of $5.0 billion at the end of fiscal 2026, a debt-to-equity ratio of 4.22 and $2.3 billion of net debt (0.71 times EBITDA).
Does Kyndryl buy back its shares?
Yes. Kyndryl spent $398.0 million on net share repurchases in fiscal 2026 Shares outstanding changed −2.2% over the year, to 233.8M..
What is Kyndryl's free cash flow yield?
Kyndryl generated $340.0 million of free cash flow in fiscal 2026, a free cash flow yield of 11.1% on its market value at year-end ($3.1 billion).
What is Kyndryl's current ratio?
Kyndryl's current ratio was 0.88 at the end of fiscal 2026: current assets were 0.88 times current liabilities.