Korn Ferry Financials

KFY

Source SEC Filings (10-K/10-Q) Updated Oct 31, 2025 Currency USD FYE April

This page shows Korn Ferry (KFY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 60/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Korn Ferry has an operating margin of 12.5%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 63/100, indicating healthy but not exceptional operating efficiency. This is up from 7.6% the prior year.

Growth

Korn Ferry's revenue declined 1.2% year-over-year, from $2.8B to $2.8B. This contraction results in a growth score of 25/100.

Leverage

100

Korn Ferry carries a low D/E ratio of 0.21, meaning only $0.21 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.21, Korn Ferry holds $2.21 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 68/100.

Cash Flow

Korn Ferry has a free cash flow margin of 10.9%, earning a moderate score of 55/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Korn Ferry's ROE of 13.0% shows moderate profitability relative to equity, earning a score of 52/100. This is up from 9.6% the prior year.

Altman Z-Score Safe

3.08

Korn Ferry scores 3.08, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

6/9

Korn Ferry passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.48x

For every $1 of reported earnings, Korn Ferry generates $1.48 in operating cash flow ($364.4M OCF vs $246.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$2.8B

YoY-1.2%

5Y CAGR+6.9%

10Y CAGR+10.0%

Korn Ferry generated $2.8B in revenue in fiscal year 2025. This represents a decrease of 1.2% from the prior year.

EBITDA

$426.6M

YoY+46.7%

5Y CAGR+13.0%

10Y CAGR+11.7%

Korn Ferry's EBITDA was $426.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 46.7% from the prior year.

Free Cash Flow

$301.9M

YoY+31.9%

5Y CAGR+9.1%

10Y CAGR+13.5%

Korn Ferry generated $301.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 31.9% from the prior year.

Net Income

$246.1M

YoY+45.5%

5Y CAGR+18.6%

10Y CAGR+10.8%

Korn Ferry reported $246.1M in net income in fiscal year 2025. This represents an increase of 45.5% from the prior year.

EPS (Diluted)

$4.60

YoY+42.4%

5Y CAGR+19.3%

10Y CAGR+10.1%

Korn Ferry earned $4.60 per diluted share (EPS) in fiscal year 2025. This represents an increase of 42.4% from the prior year.

Cash & Debt

$684.9M

YoY+8.1%

5Y CAGR+4.8%

10Y CAGR+9.5%

Korn Ferry held $684.9M in cash against $397.9M in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.59

YoY+55.9%

5Y CAGR+31.8%

10Y CAGR+31.9%

Korn Ferry paid $1.59 per share in dividends in fiscal year 2025. This represents an increase of 55.9% from the prior year.

Shares Outstanding

52M

YoY+0.2%

5Y CAGR-1.0%

10Y CAGR+0.3%

Korn Ferry had 52M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.

Gross Margin

N/A

Operating Margin

12.5%

YoY+4.9pp

5Y CAGR+3.6pp

10Y CAGR+1.8pp

Korn Ferry's operating margin was 12.5% in fiscal year 2025, reflecting core business profitability. This is up 4.9 percentage points from the prior year.

Net Margin

8.9%

YoY+2.9pp

5Y CAGR+3.6pp

10Y CAGR+0.6pp

Korn Ferry's net profit margin was 8.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.9 percentage points from the prior year.

Return on Equity

13.0%

YoY+3.4pp

5Y CAGR+4.4pp

10Y CAGR+2.3pp

Korn Ferry's ROE was 13.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.4 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$88.8M

YoY+67.1%

5Y CAGR-0.8%

Korn Ferry spent $88.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 67.1% from the prior year.

Capital Expenditures

$62.5M

YoY+13.3%

5Y CAGR+8.5%

10Y CAGR+11.1%

Korn Ferry invested $62.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 13.3% from the prior year.

KFY Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.8B-1.2%	$2.8B-2.4%	$2.9B+8.3%	$2.6B+45.2%	$1.8B-8.0%	$2.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$258.5M-0.2%	$259.0M-3.5%	$268.5M+13.1%	$237.3M+23.7%	$191.8M-25.9%	$259.0M
Operating Income	$346.3M+62.6%	$212.9M-32.7%	$316.3M-32.7%	$470.1M+201.7%	$155.8M-11.5%	$176.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$93.8M+87.4%	$50.1M-39.4%	$82.7M-19.0%	$102.1M+112.0%	$48.1M+9.5%	$43.9M
Net Income	$246.1M+45.5%	$169.2M-19.3%	$209.5M-35.8%	$326.4M+185.1%	$114.5M+9.1%	$104.9M
EPS (Diluted)	$4.60+42.4%	$3.23-18.2%	$3.95-33.9%	$5.98+186.1%	$2.09+10.0%	$1.90

Metric	Q2'25	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23
Revenue	$729.8M+2.0%	$715.5M+5.8%	$676.5M-0.8%	$682.0M-0.1%	$682.8M+0.9%	$676.9M-5.0%	$712.4M+0.9%	$706.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$50.3M-21.3%	$63.9M-2.2%	$65.3M+1.2%	$64.5M+7.6%	$60.0M-4.2%	$62.7M-4.7%	$65.7M-0.3%	$65.9M
Operating Income	$98.8M+18.3%	$83.4M+6.7%	$78.2M-10.6%	$87.5M+15.0%	$76.0M+52.5%	$49.9M+118.6%	$22.8M-59.8%	$56.8M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$26.6M+5.5%	$25.3M+10.8%	$22.8M-8.4%	$24.9M+11.4%	$22.4M+147.9%	$9.0M+285.2%	$2.3M-87.3%	$18.4M
Net Income	$72.4M+8.6%	$66.6M+14.1%	$58.4M-3.9%	$60.8M-2.9%	$62.6M+6.0%	$59.1M+3552.4%	-$1.7M-103.7%	$46.6M
EPS (Diluted)	$1.36+7.9%	$1.26+14.5%	$1.10-3.5%	$1.14-2.6%	$1.17+3.5%	$1.13+2925.0%	$-0.04-104.5%	$0.89

KFY Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.6B+5.3%	$3.4B+4.0%	$3.3B+3.4%	$3.2B+8.9%	$2.9B+12.4%	$2.6B
Current Assets	$1.5B+5.3%	$1.4B+3.6%	$1.4B-8.7%	$1.5B+9.5%	$1.4B+25.0%	$1.1B
Cash & Equivalents	$684.9M+8.1%	$633.4M+12.7%	$562.2M-12.1%	$639.8M-1.5%	$649.3M+19.6%	$542.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$600.4M+4.8%	$573.0M-3.3%	$592.3M-7.0%	$637.1M+24.2%	$512.9M+36.7%	$375.2M
Goodwill	$948.7M+4.4%	$908.5M-0.2%	$910.2M+25.6%	$724.4M+15.8%	$625.4M+1.0%	$619.2M
Total Liabilities	$1.7B+2.6%	$1.7B+4.2%	$1.6B-0.7%	$1.6B+7.3%	$1.5B+8.7%	$1.4B
Current Liabilities	$674.4M+2.5%	$658.0M+0.3%	$655.8M-4.4%	$686.1M+17.6%	$583.5M+18.8%	$491.3M
Long-Term Debt	$397.9M+0.2%	$397.1M+0.2%	$396.4M+0.2%	$395.7M+0.2%	$395.0M+0.2%	$394.3M
Total Equity	$1.9B+7.9%	$1.8B+4.0%	$1.7B+7.8%	$1.6B+10.4%	$1.4B+16.6%	$1.2B
Retained Earnings	$1.6B+10.9%	$1.5B+8.9%	$1.3B+12.1%	$1.2B+33.2%	$902.9M+27.8%	$706.4M

Metric	Q2'25	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23
Total Assets	$3.7B+2.5%	$3.6B-0.5%	$3.6B+3.5%	$3.5B+2.3%	$3.4B-3.1%	$3.6B+5.8%	$3.4B+1.4%	$3.3B
Current Assets	$1.6B+7.7%	$1.5B-4.3%	$1.6B+5.1%	$1.5B+4.7%	$1.4B-8.4%	$1.5B+8.7%	$1.4B+4.0%	$1.4B
Cash & Equivalents	$761.6M+11.2%	$684.9M-12.1%	$779.3M+12.2%	$694.9M+9.7%	$633.4M-14.0%	$736.8M+18.7%	$620.8M+10.4%	$562.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$607.3M+1.2%	$600.4M+4.3%	$575.7M-0.7%	$579.7M+1.2%	$573.0M-2.8%	$589.7M-0.4%	$592.2M0.0%	$592.3M
Goodwill	$948.3M0.0%	$948.7M+0.7%	$942.1M+3.7%	$908.7M0.0%	$908.5M-0.1%	$909.3M+0.2%	$907.6M-0.3%	$910.2M
Total Liabilities	$1.8B+2.4%	$1.7B-6.5%	$1.9B+6.2%	$1.7B+3.3%	$1.7B-8.7%	$1.8B+8.7%	$1.7B+4.9%	$1.6B
Current Liabilities	$749.2M+11.1%	$674.4M-17.5%	$817.8M+13.9%	$717.8M+9.1%	$658.0M-21.9%	$842.6M+10.3%	$764.1M+16.5%	$655.8M
Long-Term Debt	$398.1M+0.1%	$397.9M+0.1%	$397.5M+0.1%	$397.3M0.0%	$397.1M+0.1%	$396.8M0.0%	$396.6M0.0%	$396.4M
Total Equity	$1.9B+2.8%	$1.9B+5.5%	$1.8B+0.8%	$1.8B+1.4%	$1.8B+2.9%	$1.7B+2.9%	$1.7B-1.8%	$1.7B
Retained Earnings	$1.7B+2.9%	$1.6B+5.1%	$1.5B+2.6%	$1.5B+2.8%	$1.5B+6.6%	$1.4B+3.1%	$1.3B-0.8%	$1.3B

KFY Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$364.4M+28.3%	$284.0M-17.4%	$343.9M-31.4%	$501.7M+99.5%	$251.4M+6.4%	$236.3M
Capital Expenditures	$62.5M+13.3%	$55.1M-21.6%	$70.4M+42.5%	$49.4M+58.7%	$31.1M-24.9%	$41.5M
Free Cash Flow	$301.9M+31.9%	$228.8M-16.3%	$273.5M-39.5%	$452.3M+105.3%	$220.3M+13.0%	$194.9M
Investing Cash Flow	-$125.5M-133.1%	-$53.8M+83.4%	-$323.5M-75.5%	-$184.3M-200.3%	-$61.4M+69.1%	-$198.8M
Financing Cash Flow	-$190.7M-64.0%	-$116.3M+23.6%	-$152.2M-10.7%	-$137.4M-105.5%	-$66.9M-253.1%	$43.7M
Dividends Paid	$83.6M+53.8%	$54.4M+65.0%	$33.0M+23.1%	$26.8M+19.1%	$22.5M-1.3%	$22.8M
Share Buybacks	$88.8M+67.1%	$53.2M-44.3%	$95.5M-0.8%	$96.3M+216.8%	$30.4M-67.1%	$92.4M

Metric	Q2'25	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23
Operating Cash Flow	$121.4M+151.2%	-$237.4M-211.1%	$213.7M+75.2%	$122.0M+153.7%	-$227.2M-238.5%	$164.0M+23.7%	$132.6M+148.3%	-$274.5M
Capital Expenditures	$20.8M-8.2%	$22.6M+30.0%	$17.4M+21.5%	$14.3M+36.3%	$10.5M-10.7%	$11.7M-26.0%	$15.9M+1.4%	$15.7M
Free Cash Flow	$100.7M+138.7%	-$260.0M-232.4%	$196.4M+82.3%	$107.7M+145.3%	-$237.7M-256.1%	$152.3M+30.5%	$116.7M+140.2%	-$290.1M
Investing Cash Flow	-$9.8M+69.7%	-$32.2M+57.9%	-$76.4M-702.4%	-$9.5M+64.4%	-$26.7M-20.2%	-$22.2M+34.1%	-$33.7M-394.9%	$11.4M
Financing Cash Flow	-$36.2M+29.7%	-$51.6M-45.7%	-$35.4M+35.6%	-$55.0M+2.0%	-$56.1M-53.1%	-$36.6M-103.2%	-$18.0M+12.6%	-$20.6M
Dividends Paid	$25.1M-4.1%	$26.2M+35.7%	$19.3M-0.8%	$19.5M-1.7%	$19.8M+12.4%	$17.6M+82.3%	$9.7M+0.4%	$9.6M
Share Buybacks	$8.1M-21.8%	$10.3M-42.0%	$17.8M-45.6%	$32.7M+39.1%	$23.5M+14.0%	$20.6M+369.4%	$4.4M-14.6%	$5.1M

KFY Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	12.5%+4.9pp	7.6%-3.4pp	11.1%-6.7pp	17.8%+9.2pp	8.6%-0.3pp	8.9%
Net Margin	8.9%+2.9pp	6.0%-1.3pp	7.3%-5.0pp	12.3%+6.1pp	6.3%+1.0pp	5.3%
Return on Equity	13.0%+3.4pp	9.6%-2.8pp	12.4%-8.4pp	20.9%+12.8pp	8.1%-0.6pp	8.6%
Return on Assets	6.8%+1.9pp	4.9%-1.4pp	6.3%-3.9pp	10.2%+6.3pp	3.9%-0.1pp	4.0%
Current Ratio	2.21+0.1	2.15+0.1	2.08-0.1	2.18-0.2	2.34+0.1	2.23
Debt-to-Equity	0.21-0.0	0.230.0	0.23-0.0	0.25-0.0	0.28-0.0	0.32
FCF Margin	10.9%+2.7pp	8.2%-1.4pp	9.6%-7.6pp	17.1%+5.0pp	12.1%+2.3pp	9.9%

Metric	Q2'25	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q2'23	Q1'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	13.5%+1.9pp	11.7%+0.1pp	11.6%-1.3pp	12.8%+1.7pp	11.1%+3.8pp	7.4%+4.2pp	3.2%-4.8pp	8.0%
Net Margin	9.9%+0.6pp	9.3%+0.7pp	8.6%-0.3pp	8.9%-0.3pp	9.2%+0.4pp	8.7%+9.0pp	-0.2%-6.8pp	6.6%
Return on Equity	3.7%+0.2pp	3.5%+0.3pp	3.3%-0.2pp	3.4%-0.2pp	3.6%+0.1pp	3.5%	N/A	2.8%
Return on Assets	1.9%+0.1pp	1.8%+0.2pp	1.6%-0.1pp	1.7%-0.1pp	1.8%+0.2pp	1.7%+1.7pp	-0.1%-1.5pp	1.4%
Current Ratio	2.14-0.1	2.21+0.3	1.90-0.2	2.07-0.1	2.15+0.3	1.83-0.0	1.86-0.2	2.08
Debt-to-Equity	0.200.0	0.21-0.0	0.220.0	0.220.0	0.230.0	0.230.0	0.240.0	0.23
FCF Margin	13.8%+50.1pp	-36.3%-65.3pp	29.0%+13.2pp	15.8%+50.6pp	-34.8%-57.3pp	22.5%+6.1pp	16.4%+57.5pp	-41.1%

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Frequently Asked Questions

What is Korn Ferry's annual revenue?

Korn Ferry (KFY) reported $2.8B in total revenue for fiscal year 2025. This represents a -1.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Korn Ferry's revenue growing?

Korn Ferry (KFY) revenue declined by 1.2% year-over-year, from $2.8B to $2.8B in fiscal year 2025.

Is Korn Ferry profitable?

Yes, Korn Ferry (KFY) reported a net income of $246.1M in fiscal year 2025, with a net profit margin of 8.9%.

What is Korn Ferry's earnings per share (EPS)?

Korn Ferry (KFY) reported diluted earnings per share of $4.60 for fiscal year 2025. This represents a 42.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Korn Ferry's EBITDA?

Korn Ferry (KFY) had EBITDA of $426.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Korn Ferry have?

As of fiscal year 2025, Korn Ferry (KFY) had $684.9M in cash and equivalents against $397.9M in long-term debt.

What is Korn Ferry's operating margin?

Korn Ferry (KFY) had an operating margin of 12.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Korn Ferry's net profit margin?

Korn Ferry (KFY) had a net profit margin of 8.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Korn Ferry pay dividends?

Yes, Korn Ferry (KFY) paid $1.59 per share in dividends during fiscal year 2025.

What is Korn Ferry's return on equity (ROE)?

Korn Ferry (KFY) has a return on equity of 13.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Korn Ferry's free cash flow?

Korn Ferry (KFY) generated $301.9M in free cash flow during fiscal year 2025. This represents a 31.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Korn Ferry's operating cash flow?

Korn Ferry (KFY) generated $364.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Korn Ferry's total assets?

Korn Ferry (KFY) had $3.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Korn Ferry's capital expenditures?

Korn Ferry (KFY) invested $62.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Korn Ferry buy back shares?

Yes, Korn Ferry (KFY) spent $88.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Korn Ferry have outstanding?

Korn Ferry (KFY) had 52M shares outstanding as of fiscal year 2025.

What is Korn Ferry's current ratio?

Korn Ferry (KFY) had a current ratio of 2.21 as of fiscal year 2025, which is generally considered healthy.

What is Korn Ferry's debt-to-equity ratio?

Korn Ferry (KFY) had a debt-to-equity ratio of 0.21 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Korn Ferry's return on assets (ROA)?

Korn Ferry (KFY) had a return on assets of 6.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Korn Ferry's Altman Z-Score?

Korn Ferry (KFY) has an Altman Z-Score of 3.08, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Korn Ferry's Piotroski F-Score?

Korn Ferry (KFY) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Korn Ferry's earnings high quality?

Korn Ferry (KFY) has an earnings quality ratio of 1.48x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Korn Ferry?

Korn Ferry (KFY) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.