Company Overview Korn Ferry (referred to herein as the “Company” or in the first-person notations “we,” “our,” and “us”) is a global consulting firm that powers performance. We help unlock the potential in people and unleash transformation across organizations—synchronizing strategy, operations, and talent to accelerate performance, fuel growth, and inspire a legacy of change. That’s why the world’s most admired companies across every major industry turn to us—for a shared commitment to lasting impact and the bold ambition to Be More Than. As client needs have grown more complex, Korn Ferry has expanded its capabilities and become a comprehensive partner for talent and organizational performance. Today, we deliver a broad range of offerings across the talent lifecycle, combining deep expertise with scalable delivery models to meet the needs of organizations at every stage of growth. What Sets Korn Ferry Apart At Korn Ferry, performance starts with people.
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 2.9B | 2.9B | 2.8B | 2.8B | 2.9B | 2.6B |
| Net Income | 274M | 274M | 243M | 166M | 205M | 319M |
| EPS | $5.22 | $5.22 | $4.60 | $3.23 | $3.95 | $5.98 |
| Free Cash Flow | 324M | 324M | 302M | 229M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.1B | 1.3B | 1.6B | 1.8B | 2.0B | 2.0B | 1.8B | 2.6B | 2.9B | 2.8B | 2.8B | 2.9B | 2.9B |
| Gross Margin | 27.4% | 22.8% | 25.0% | 27.8% | 28.0% | 24.8% | 22.5% | 29.2% | 22.8% | 19.7% | 24.8% | 24.6% | 24.6% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 146M | 213M | 226M | 237M | 352M | 259M | 192M | 237M | 268M | 259M | 258M | 248M | 248M |
| EBIT | 114M | 53M | 120M | 208M | 141M | 176M | 156M | 470M | 316M | 213M | 346M | 375M | 375M |
| Op. Margin | 10.7% | 3.9% | 7.4% | 11.5% | 7.1% | 8.9% | 8.6% | 17.8% | 11.0% | 7.6% | 12.5% | 12.8% | 12.8% |
| Net Income | 87M | 31M | 83M | 132M | 102M | 104M | 112M | 319M | 205M | 166M | 243M | 274M | 274M |
| Net Margin | 8.2% | 2.3% | 5.1% | 7.3% | 5.1% | 5.2% | 6.1% | 12.1% | 7.2% | 5.9% | 8.8% | 9.3% | 9.3% |
| Non-Recurring | 9.5M | 33M | 35M | 0 | 107M | 59M | 31M | 0 | 43M | 69M | 1.9M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 16.5% | 4.7% | 10.0% | 15.1% | 12.7% | 14.5% | 12.4% | 39.6% | 21.5% | 14.1% | 20.9% | 21.7% | 21.1% |
| ROE | 11.1% | 3.3% | 7.8% | 11.5% | 8.3% | 8.4% | 8.6% | 21.9% | 12.8% | 9.8% | 13.5% | 14.3% | 13.9% |
| ROA | 6.9% | 1.9% | 4.2% | 6.1% | 4.4% | 4.1% | 3.9% | 9.8% | 5.8% | 4.6% | 6.4% | 6.9% | 6.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 107M | 69M | 106M | 219M | 259M | 236M | 251M | 502M | 344M | 284M | 364M | 414M | 414M |
| Free Cash Flow | 85M | 43M | 56M | 177M | 212M | 195M | 220M | 452M | 274M | 229M | 302M | 324M | 324M |
| Owner Earnings | 66M | 14M | 40M | 149M | 189M | 158M | 162M | 409M | 239M | 166M | 236M | 268M | 268M |
| CapEx | 22M | 26M | 50M | 42M | 47M | 41M | 31M | 49M | 70M | 55M | 62M | 90M | 90M |
| Maint. CapEx | 28M | 36M | 47M | 49M | 46M | 55M | 62M | 64M | 68M | 78M | 80M | 99M | 99M |
| Growth CapEx | 0 | 0 | 2.8M | 0 | 193K | 0 | 0 | 0 | 2.0M | 0 | 0 | 0 | 0 |
| D&A | 28M | 36M | 47M | 49M | 46M | 55M | 62M | 64M | 68M | 78M | 80M | 99M | 99M |
| CapEx/OCF | 20.4% | 40.8% | 47.2% | 19.2% | 18.0% | 17.5% | 12.4% | 9.8% | 20.5% | 19.4% | 17.1% | N/A | 21.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 5.1M | 22M | 23M | 23M | 23M | 23M | 22M | 27M | 33M | 54M | 84M | 105M | 105M |
| Dividend Yield | 0.4% | 1.5% | 1.8% | 1.1% | 0.9% | 1.2% | 1.1% | 0.8% | 1.2% | 2.1% | 2.4% | N/A | 2.6% |
| Share Buybacks | 0 | 0 | 29M | 33M | 37M | 92M | 30M | 96M | 95M | 53M | 89M | 116M | 116M |
| Buyback Yield | N/A | N/A | 1.8% | 1.2% | 1.5% | 6.5% | 0.9% | 3.0% | 4.0% | 1.7% | 2.8% | 0.0% | 2.8% |
| Stock-Based Comp | 14M | 19M | 19M | 21M | 23M | 23M | 27M | 29M | 36M | 40M | 48M | 48M | 48M |
| Debt Repayment | 0 | 10M | 155M | 21M | 239M | 877M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -407M | -145M | -159M | -299M | -412M | -336M | -519M | -639M | -491M | -585M | -644M | -734M | -695M |
| Cash & Equiv. | 381M | 273M | 411M | 521M | 626M | 689M | 851M | 978M | 844M | 941M | 1.0B | 1.1B | 1.1B |
| Long-Term Debt | 0 | 110M | 236M | 211M | 223M | 394M | 395M | 395M | 396M | 397M | 398M | 399M | 399M |
| Debt/Equity | 0.00 | 0.13 | 0.24 | 0.19 | 0.18 | 0.32 | 0.29 | 0.26 | 0.24 | 0.23 | 0.21 | 0.20 | 0.20 |
| Interest Coverage | 27.0 | 10.2 | 11.1 | 17.4 | 9.9 | 1181.4 | 1366.5 | 5596.1 | 1664.9 | 1004.4 | 1967.7 | 1828.0 | 1828.0 |
| Equity | 815M | 1.0B | 1.1B | 1.2B | 1.2B | 1.2B | 1.4B | 1.5B | 1.6B | 1.7B | 1.9B | 2.0B | 2.0B |
| Total Assets | 1.3B | 1.9B | 2.1B | 2.3B | 2.3B | 2.7B | 3.1B | 3.5B | 3.6B | 3.7B | 3.9B | 4.1B | 4.1B |
| Total Liabilities | 503M | 851M | 976M | 1.1B | 1.1B | 1.5B | 1.7B | 1.9B | 1.9B | 1.9B | 2.0B | 2.1B | 2.1B |
| Intangibles | 48M | 233M | 217M | 203M | 83M | 112M | 93M | 90M | 114M | 89M | 70M | 46M | 46M |
| Retained Earnings | 392M | 401M | 462M | 573M | 661M | 743M | 835M | 1.1B | 1.3B | 1.4B | 1.6B | 1.8B | 1.8B |
| Working Capital | 331M | 188M | 385M | 456M | 586M | 613M | 737M | 776M | 662M | 740M | 795M | 924M | 924M |
| Current Assets | 637M | 664M | 844M | 1.0B | 1.1B | 1.2B | 1.5B | 1.8B | 1.6B | 1.7B | 1.8B | 1.9B | 1.9B |
| Current Liabilities | 306M | 476M | 459M | 558M | 551M | 624M | 750M | 984M | 976M | 935M | 956M | 982M | 982M |
| Per Share Data | |||||||||||||
| EPS | 1.76 | 0.58 | 1.47 | 2.35 | 1.81 | 1.90 | 2.09 | 5.98 | 3.95 | 3.23 | 4.60 | 5.22 | 5.22 |
| Owner EPS | 1.32 | 0.26 | 0.70 | 2.65 | 3.37 | 2.90 | 3.04 | 7.67 | 4.61 | 3.23 | 4.47 | 5.10 | 5.10 |
| Book Value | 16.40 | 19.79 | 19.09 | 21.60 | 22.11 | 22.36 | 25.57 | 28.95 | 31.77 | 33.71 | 35.36 | 37.57 | 37.57 |
| Cash Flow/Share | 2.16 | 1.31 | 1.87 | 3.89 | 4.61 | 4.33 | 4.70 | 9.40 | 6.63 | 5.52 | 6.90 | 7.89 | 7.10 |
| Dividends/Share | 0.10 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.48 | 0.60 | 1.02 | 1.59 | 1.99 | 1.99 |
| Shares Out. | 49.7M | 52.8M | 56.7M | 56.3M | 56.1M | 54.6M | 53.4M | 53.3M | 51.9M | 51.4M | 52.8M | 52.5M | 52.5M |
| Valuation | |||||||||||||
| P/E Ratio | 16.0 | 43.1 | 19.5 | 20.6 | 23.7 | 13.6 | 30.3 | 9.8 | 11.4 | 18.1 | 13.1 | N/A | 15.0 |
| P/FCF | 16.4 | 30.8 | 29.0 | 15.4 | 11.3 | 7.3 | 15.3 | 6.9 | 8.6 | 13.1 | 10.5 | N/A | 12.6 |
| EV/EBIT | 8.8 | 23.1 | 13.1 | 11.9 | 14.5 | 6.2 | 18.9 | 5.5 | 6.0 | 11.6 | 7.4 | N/A | 9.1 |
| Price/Book | 1.7 | 1.3 | 1.5 | 2.3 | 2.0 | 1.2 | 2.5 | 2.1 | 1.5 | 1.8 | 1.7 | N/A | 2.1 |
| Price/Sales | 1.2 | 1.1 | 0.8 | 1.1 | 1.3 | 1.0 | 1.1 | 1.3 | 1.0 | 1.0 | 1.3 | N/A | 1.4 |
| FCF Yield | 6.1% | 3.2% | 3.4% | 6.4% | 8.7% | 13.6% | 6.4% | 14.1% | 11.4% | 7.5% | 9.4% | N/A | 7.9% |
| Market Cap | 1.4B | 1.3B | 1.6B | 2.8B | 2.4B | 1.4B | 3.5B | 3.2B | 2.4B | 3.1B | 3.2B | 0 | 4.1B |
| Avg. Price | 25.15 | 28.09 | 23.03 | 35.52 | 46.45 | 34.77 | 37.07 | 64.91 | 51.95 | 51.02 | 66.52 | 0.00 | 78.14 |
| Year-End Price | 28.11 | 24.99 | 28.63 | 48.44 | 42.87 | 25.89 | 63.23 | 58.90 | 45.16 | 58.42 | 60.24 | 0.00 | 78.14 |
KORN FERRY passes 5 of 9 quality checks, suggesting mixed fundamentals.
KORN FERRY trades at 14.6x trailing earnings, compared to its 15-year median P/E of 18.1x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 12.1x vs a median of 11.3x. The company's 5-year average ROIC is 23.6% with a gross margin of 24.2%. Total shareholder yield (dividends + buybacks) is 5.4%. At current prices, the estimated annualized return to fair value is +7.0%.
KORN FERRY (KFY) has a current P/E ratio of 14.6, compared to its historical median P/E of 18.1. The stock is currently considered Fair based on its historical valuation range.
KORN FERRY (KFY) has a 5-year average return on invested capital (ROIC) of 23.6%. This indicates strong capital allocation and a potential competitive advantage.
KORN FERRY (KFY) has a market capitalization of $4.1B. It is classified as a mid-cap stock.
Yes, KORN FERRY (KFY) pays a dividend with a trailing twelve-month yield of 2.55%. The company also returns capital through share buybacks, with a buyback yield of 2.82%.
Based on historical P/E analysis, KORN FERRY (KFY) appears fair. The current P/E of 14.6 is 19% below its historical median of 18.1. The estimated fair value CAGR (P/E method) is 14.9%.
KORN FERRY (KFY) operates in the Services-Employment Agencies industry, within the Industrials sector.
KORN FERRY (KFY) reported annual revenue of $2.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
| 274M |
| 452M |
| ROIC | 21.1% | 21.7% | 20.9% | 14.1% | 21.5% | 39.6% |
|---|
| Gross Margin | 24.6% | 24.6% | 24.8% | 19.7% | 22.8% | 29.2% |
|---|
| Debt/Equity | 0.20 | 0.20 | 0.21 | 0.23 | 0.24 | 0.26 |
|---|
| Dividends/Share | $1.99 | $1.99 | $1.59 | $1.02 | $0.60 | $0.48 |
|---|
| Operating Income | 375M | 375M | 346M | 213M | 316M | 470M |
|---|
| Operating Margin | 12.8% | 12.8% | 12.5% | 7.6% | 11.0% | 17.8% |
|---|
| ROE | 13.9% | 14.3% | 13.5% | 9.8% | 12.8% | 21.9% |
|---|
| Shares Outstanding | 52M | 52M | 53M | 51M | 52M | 53M |
|---|
KORN FERRY (KFY) has a net profit margin of 9.3%. This is a modest margin.
KORN FERRY (KFY) generated $324 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
KORN FERRY (KFY) has a debt-to-equity ratio of 0.20. This indicates a conservatively financed balance sheet.
KORN FERRY (KFY) reported earnings per share (EPS) of $5.22 in its most recent fiscal year.
KORN FERRY (KFY) has a return on equity (ROE) of 14.3%. This indicates moderate shareholder returns.
KORN FERRY (KFY) has a 5-year average gross margin of 24.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for KORN FERRY (KFY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
KORN FERRY (KFY) has a book value per share of $37.57, based on its most recent annual SEC filing.