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Korn Ferry

KFY NYSE Human Resource & Employment Services Financials FY2017–FY2026

Korn Ferry's revenue rose 6.4% to $2.9 billion in fiscal 2026. Its operating margin was 12.8%, up from 12.5% a year earlier. Free cash flow was $324 million, up 7.4%. It paid out $220 million in dividends and buybacks, 68% of free cash flow. The diluted share count fell 0.5%.

Last close · Oct 23, 2026

$78.30

2.6%
Value it Compare
Revenue Total sales reported in the income statement.
$2.9B
6.4% vs prior year
Operating margin Operating income as a share of revenue.
12.8%
0.2 pts
Net income Profit after all expenses, interest and tax.
$277M
12.7%
Free cash flow Cash from operations minus capital spending.
$324M
7.4%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
21.9%
0.7 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$4.0B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
14.8x
On $5.29 EPS (TTM)

What Korn Ferry does

No business description yet.

Legal name
KORN FERRY
Fiscal year ends
April 30, 2026
Latest annual report
—
Accession · CIK
0000056679-26-000021
0000056679

Revenue and margins

Korn Ferry had $2.9B of revenue in fiscal 2026, up 6.4% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew 15.1% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $324M in fiscal 2026, 11.0% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Korn Ferry returned $220M to shareholders in fiscal 2026, 68% of free cash flow. The diluted share count fell 0.5%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Korn Ferry yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of $731M and divides by 52.5M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 14.8x · peers 25.6x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably Korn Ferry can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $1.0B$889M$984M$1.0B$1.1B
Debt incl. finance leases $398M$401M$401M$401M$403M
Net debt / EBITDA −1.2x−1.3x−2.0x−1.5x−1.5x
Debt / equity 0.3x0.2x0.2x0.2x0.2x
Interest coverage 19.1x12.5x8.5x13.7x15.1x
Current ratio 1.8x1.7x1.8x1.8x1.9x
Quick ratio 1.8x1.7x1.8x1.8x1.9x
Total assets $3.5B$3.6B$3.7B$3.9B$4.1B
Total liabilities $1.9B$1.9B$1.9B$2.0B$2.1B
Shareholders' equity $1.5B$1.6B$1.7B$1.9B$2.0B
Net debt (− = net cash) −$637M−$488M−$583M−$643M−$731M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$1.0M

4 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Sep 23, 2026 Robert P RozekEVP, CFO & CCO Sold 3,709 $75.03 $0.3M Form 4
Jul 17, 2026 Angel R MartinezDirector Sold 3,740 $79.00 $0.3M Form 4
Jul 16, 2026 Lesley UrenCEO of Consulting Sold 2,000 $78.75 $0.2M Form 4
Jul 15, 2026 Michael DistefanoSee Remarks Sold 3,370 $74.55 $0.3M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose ✓ ✓ ✓
Share count didn't rise ✓ ✕ ✓
Gross margin rose — — —
Revenue rose relative to assets ✕ ✕ ✓
F-score 6 / 86 / 88 / 8
Accruals ratio −3.2%−3.1%−3.5%
Altman Z'' 3.914.284.52

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Korn Ferry KFY $4.0B 6.4% 12.8% 11.0% 21.9% 14.8x 8
Paylocity PCTY $9.7B 11.0% 21.8% 28.1% 26.5% 36.0x 8 Compare →
Paychex PAYX $42.1B 16.9% 38.6% 35.7% 26.2% 23.4x 6 Compare →
Upwork UPWK $1.2B 2.4% 16.4% 30.8% 31.0% 12.3x 6 Compare →
Automatic Data Processing ADP $122.7B 6.7% — 23.9% 68.8% 27.8x 9 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $1.6B $1.8B $2.0B $2.0B $1.8B $2.6B $2.9B $2.8B $2.8B $2.9B
Gross profit $1.6B $1.7B — — — — — — — —
Operating income $120M $208M $141M $176M $156M $470M $316M $213M $346M $375M
Interest expense $10.9M $11.9M $14.2M $12.5M $25.2M $24.6M $25.4M $25.0M $25.2M $24.8M
Pretax income $116M $206M $134M $151M $164M $433M $296M $223M $345M $388M
Income tax $29.1M $70.1M $29.5M $43.9M $48.1M $102M $82.7M $50.1M $93.8M $108M
Net income $84.2M $134M $103M $105M $115M $326M $210M $169M $246M $277M
Diluted EPS $1.47 $2.35 $1.81 $1.90 $2.09 $5.98 $3.95 $3.23 $4.60 $5.22
Diluted shares 0.06B 0.06B 0.06B 0.05B 0.05B 0.05B 0.05B 0.05B 0.05B 0.05B
Cash flow
Cash from operations $106M $219M $259M $236M $251M $502M $344M $284M $364M $414M
Capital expenditure $50.1M $42.0M $46.7M $41.5M $31.1M $49.4M $70.4M $55.1M $62.5M $89.9M
Free cash flow $56.1M $177M $212M $195M $220M $452M $274M $229M $302M $324M
Depreciation and amortization $47.3M $48.6M $46.5M $55.3M $61.8M $63.5M $68.3M $78.0M $80.3M $98.8M
Stock-based compensation $19.0M $21.5M $23.4M $22.8M $27.2M $29.2M $36.3M $40.0M $48.0M $47.7M
Acquisitions $2.9M $0.0M $0.0M $109M $0.0M $134M $255M $0.0M $44.4M $0.0M
Share buybacks $28.8M $33.1M $37.4M $92.4M $30.4M $96.3M $95.5M $53.2M $88.8M $116M
Dividends paid $23.3M $23.0M $23.5M $22.8M $22.5M $26.8M $33.0M $54.4M $83.6M $105M
Dividends and buybacks $52.1M $56.0M $60.8M $115M $52.9M $123M $128M $108M $172M $220M
Balance sheet
Cash and short-term investments $415M $535M $635M $731M $914M $1.0B $889M $984M $1.0B $1.1B
Total debt $256M $236M — $394M $395M $396M $396M $397M $398M $399M
Finance lease liabilities $0.0M $0.0M $0.0M $2.9M $2.3M $2.7M $4.4M $3.7M $3.1M $4.6M
Current assets $844M $1.0B $1.1B $1.2B $1.5B $1.8B $1.6B $1.7B $1.8B $1.9B
Current liabilities $459M $559M $551M $624M $750M $984M $976M $935M $956M $982M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $110M $120M $132M $143M $132M $138M $162M $162M $174M $192M
Total assets $2.1B $2.3B $2.3B $2.7B $3.1B $3.5B $3.6B $3.7B $3.9B $4.1B
Total liabilities $976M $1.1B $1.1B $1.5B $1.7B $1.9B $1.9B $1.9B $2.0B $2.1B
Shareholders' equity $1.1B $1.2B $1.2B $1.2B $1.4B $1.5B $1.6B $1.7B $1.9B $2.0B
Margins
Gross margin 95.6% 96.0% — — — — — — — —
Operating margin 7.4% 11.5% 7.1% 8.9% 8.6% 17.8% 11.1% 7.6% 12.5% 12.8%
EBITDA margin 10.3% 14.1% 9.5% 11.7% 12.0% 20.2% 13.4% 10.4% 15.5% 16.1%
Net margin 5.2% 7.4% 5.2% 5.3% 6.3% 12.4% 7.3% 6.1% 8.9% 9.4%
FCF margin 3.5% 9.7% 10.8% 9.9% 12.1% 17.1% 9.6% 8.2% 10.9% 11.0%
Returns
Return on capital 9.9% 14.9% — — 12.6% 40.7% 21.9% 14.2% 21.2% 21.9%
Return on capital employed 8.0% 12.5% 8.0% 9.0% 7.0% 19.6% 12.5% 8.0% 12.3% 12.5%
Return on equity 7.9% 11.6% 8.4% 8.5% 8.9% 22.4% 13.1% 10.0% 13.7% 14.5%
Return on assets 4.3% 6.2% 4.4% 4.1% 4.0% 10.0% 6.0% 4.7% 6.5% 7.0%
Growth
Revenue growth 20.4% 12.2% 8.5% 0.2% −8.0% 45.3% 8.3% −2.4% −1.2% 6.4%
Net income growth 172.3% 58.9% −23.3% 2.2% 9.1% 185.2% −35.8% −19.3% 45.5% 12.8%
EPS growth 153.5% 59.9% −23.0% 5.0% 10.0% 186.1% −34.0% −18.2% 42.4% 13.5%
FCF growth 30.8% 216.0% 19.8% −8.1% 13.0% 105.3% −39.5% −16.3% 31.9% 7.4%
Share count change 7.5% −1.1% −0.3% −2.4% −2.5% −0.0% −2.8% −0.9% 2.7% −0.5%
Financial health
Net debt / EBITDA −1.0x −1.2x — −1.4x −2.4x −1.2x −1.3x −2.0x −1.5x −1.5x
Debt / equity 0.2x 0.2x — 0.3x 0.3x 0.3x 0.2x 0.2x 0.2x 0.2x
Interest coverage 11.1x 17.5x 9.9x 14.1x 6.2x 19.1x 12.5x 8.5x 13.7x 15.1x
Current ratio 1.8x 1.8x 2.1x 2.0x 2.0x 1.8x 1.7x 1.8x 1.8x 1.9x
Quick ratio 1.8x 1.8x 2.1x 2.0x 2.0x 1.8x 1.7x 1.8x 1.8x 1.9x
Capital allocation
Capex / revenue 3.1% 2.3% 2.4% 2.1% 1.7% 1.9% 2.5% 2.0% 2.3% 3.1%
Stock comp / revenue 1.2% 1.2% 1.2% 1.2% 1.5% 1.1% 1.3% 1.4% 1.7% 1.6%
Payouts / FCF 93.0% 31.6% 28.7% 59.1% 24.0% 27.2% 47.0% 47.0% 57.1% 68.0%
Quality scores
Piotroski F-score 6.0 8.0 — — 6.0 7.0 5.0 6.0 6.0 8.0
Altman Z'' 3.5 3.9 4.2 3.6 3.7 4.3 3.9 3.9 4.3 4.5
Accruals ratio −1.1% −3.9% −6.8% −5.2% −4.7% −5.4% −3.8% −3.2% −3.1% −3.5%

Source: SEC EDGAR XBRL filings (CIK 0000056679). Data updated October 11, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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