Gartner
IT · IT Consulting & Other Services
$230.28
1.8%Kyndryl
KD · IT Consulting & Other Services
$14.76
2.9%The short version
- Kyndryl is the larger business, with $15.1B of revenue in fiscal 2026 against $6.5B for Gartner, about 2.3 times as much.
- Gartner grew revenue faster (3.7%, against 0.2%).
- Gartner turned more of its sales into free cash flow (18.1% FCF margin, against 2.3% FCF margin).
- Gartner earned a higher return on the capital invested in it (44.6%, against 7.8%).
- Investors pay more for each dollar of Kyndryl’s earnings: a P/E of 39.9x against 20.8x for Gartner.
| Latest fiscal year | IT · FY25 | KD · FY26 |
|---|---|---|
| Size | ||
| Market cap | $15.3B | $3.3B |
| Revenue | $6.5B | $15.1B |
| Free cash flow | $1.2B | $340M |
| Net income | $729M | $198M |
| Growth | ||
| Revenue growth | 3.7% | 0.2% |
| 5-year growth | 9.7% | −4.9% |
| Share count change | −3.5% | −2.2% |
| Profitability | ||
| Gross margin | 68.8% | 21.8% |
| Operating margin | 15.8% | — |
| Net margin | 11.2% | 1.3% |
| FCF margin | 18.1% | 2.3% |
| Return on capital | 44.6% | 7.8% |
| Return on equity | 86.9% | 16.5% |
| Balance sheet | ||
| Net debt | $1.3B | $2.3B |
| Net debt / EBITDA | 1.0x | 1.8x |
| Dividends and buybacks | $2.0B | $304M |
| Valuation & quality | ||
| P/E | 20.8x | 39.9x |
| Piotroski F-score | 5 | 6 |
FY17
IT $3.3B
KD —
FY18
IT $4.0B
KD —
FY19
IT $4.2B
KD $20.3B
FY20
IT $4.1B
KD $19.4B
FY21
IT $4.7B
KD $18.7B
FY22
IT $5.5B
KD —
FY23
IT $5.9B
KD $17.0B
FY24
IT $6.3B
KD $16.1B
FY25
IT $6.5B
KD $15.1B
FY26
IT —
KD $15.1B
IT
KD
FY17
IT −0.2%
KD —
FY18
IT 6.5%
KD —
FY19
IT 8.7%
KD —
FY20
IT 12.0%
KD —
FY21
IT 19.3%
KD —
FY22
IT 20.1%
KD —
FY23
IT 20.9%
KD —
FY24
IT 18.5%
KD —
FY25
IT 15.8%
KD —
FY26
IT —
KD —
IT
KD
FY17
IT $144M
KD —
FY18
IT $344M
KD —
FY19
IT $416M
KD −$56.0M
FY20
IT $819M
KD −$408M
FY21
IT $1.3B
KD −$871M
FY22
IT $993M
KD —
FY23
IT $1.1B
KD −$84.0M
FY24
IT $1.4B
KD −$197M
FY25
IT $1.2B
KD $337M
FY26
IT —
KD $340M
IT
KD
FY17
IT −0.3%
KD —
FY18
IT 5.2%
KD —
FY19
IT 10.8%
KD —
FY20
IT 15.4%
KD —
FY21
IT 33.8%
KD −31.8%
FY22
IT 42.5%
KD —
FY23
IT 49.9%
KD —
FY24
IT 56.4%
KD −1.2%
FY25
IT 44.6%
KD 10.6%
FY26
IT —
KD 7.8%
IT
KD
Add another company
Compare up to four at once.
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.