A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Oct 23, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KRC SEC filings page.
Kilroy Realty Corp. (KRC) reported $1.1B in revenue for fiscal year 2025, down 2.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
The asset-heavy business converts accounting profit into cash, while leverage and reinvestment shape returns more than revenue growth.
In FY2025, operating cash flow reached$566M versus net income of$276M ; that gap is consistent with depreciation-heavy real-estate accounting rather than cash profitability alone. Free cash flow was$450M after$116M of capital expenditures, showing that substantial cash remains after reinvestment.
Leverage eased from 0.9x debt-to-equity in FY2023 to 0.8x in FY2025, indicating the balance sheet did not compound debt alongside its asset base. FY2025 liabilities were
FY2025 revenue fell
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Kilroy Realty Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Kilroy Realty Corp. scores 81/100 on it among other REITs.
FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Kilroy Realty Corp. scores 54/100 on it among other REITs.
Not available for Kilroy Realty Corp., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Not available for Kilroy Realty Corp., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Kilroy Realty Corp. scores 85/100 on it among other REITs.
Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Kilroy Realty Corp. scores 84/100 on it among other REITs.
Kilroy Realty Corp. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.
For every $1 of reported earnings, Kilroy Realty Corp. generates $2.05 in operating cash flow ($566.3M OCF vs $276.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Kilroy Realty Corp. generated $271.6M in revenue in Q3 2026. This represents a decrease of 2.9% from the same quarter a year earlier.
Kilroy Realty Corp. reported $15.5M in net income in Q3 2026. This represents a decrease of 90.1% from the same quarter a year earlier.
Kilroy Realty Corp. earned $0.13 per diluted share (EPS) in Q3 2026. This represents a decrease of 90.1% from the same quarter a year earlier.
Not reported for Q3 2026.
Cash & Balance Sheet
Kilroy Realty Corp. generated $270.1M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 81.7% from the same quarter a year earlier.
Kilroy Realty Corp. held $94.3M in cash against $4.3B in long-term debt as of Q3 2026.
Kilroy Realty Corp. paid $0.54 per share in dividends in Q3 2026. That is unchanged from the same quarter a year earlier.
Margins & Returns
Kilroy Realty Corp.'s net profit margin was 5.7% in Q3 2026, showing the share of revenue converted to profit. This is down 50.1 percentage points from the same quarter a year earlier.
Kilroy Realty Corp.'s quarterly ROE was 0.3% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 2.6 percentage points from the same quarter a year earlier.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
Kilroy Realty Corp. spent $72.7M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding.
Kilroy Realty Corp. invested $115.0M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 312.2% from the same quarter a year earlier.
Not reported for Q3 2026.
KRC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $271.6M-2.9% | $270.1M-0.3% | $272.2M-5.0% | $279.7M-3.5% | $289.9M+3.3% | $270.8M-2.8% | $286.4M+6.5% | $289.9M+2.2% |
| SG&A Expenses | $18.4M+0.9% | $20.7M+22.5% | $19.5M+14.8% | $18.2M+1.5% | $18.5M-1.9% | $16.9M-2.3% | $17.0M-25.9% | $18.0M-27.4% |
| Interest Expense | $39.4M+22.5% | $38.5M+23.6% | $32.1M-3.3% | $32.2M-11.7% | $30.8M-16.1% | $31.1M-19.9% | $33.2M+2.8% | $36.4M+22.0% |
| Net Income | $15.5M-90.1% | -$19.3M-149.4% | $12.4M-79.1% | $156.2M+198.3% | $68.4M+39.1% | $39.0M-21.9% | $59.5M+25.8% | $52.4M-0.7% |
| EPS (Basic) | $0.13-90.2% | -$0.16-148.5% | $0.11-78.4% | $1.32+200.0% | $0.58+41.5% | $0.33-21.4% | $0.51+27.5% | $0.44-2.2% |
| EPS (Diluted) | $0.13-90.1% | -$0.16-148.5% | $0.11-78.0% | $1.31+197.7% | $0.57+39.0% | $0.33-21.4% | $0.50+25.0% | $0.44-2.2% |
| Diluted Shares (Avg) | 117M-1.3% | 118M-0.9% | N/A | 119M+0.5% | 119M+0.9% | 119M+0.6% | N/A | 118M+0.6% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax.
KRC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.5B-4.7% | $10.8B-1.0% | $10.9B+0.2% | $11.0B-3.4% | $10.9B-5.9% | $10.9B-6.2% | $10.9B-4.4% | $11.4B-0.8% |
| Cash & Equivalents | $94.3M-74.7% | $192.9M+31.5% | $179.3M+8.2% | $372.4M-40.5% | $193.1M-76.9% | $146.7M-82.8% | $165.7M-67.5% | $625.4M+1.1% |
| Accounts Receivable | $16.8M+27.5% | $15.7M+34.5% | $12.8M+15.7% | $13.2M+17.6% | $11.7M+14.6% | $11.7M-12.1% | $11.0M-18.9% | $11.2M-1.4% |
| Total Liabilities | $5.1B-4.4% | $5.3B-0.2% | $5.3B-0.2% | $5.3B-8.1% | $5.3B-10.7% | $5.3B-11.0% | $5.3B-7.9% | $5.8B-0.5% |
| Long-Term Debt | $4.3B-5.5% | $4.6B-0.2% | $4.6B-0.2% | $4.6B-8.2% | $4.6B-10.2% | $4.6B-10.2% | $4.6B-6.7% | $5.0B+1.3% |
| Total Equity | $5.2B-5.2% | $5.3B-1.7% | $5.4B+0.7% | $5.5B+1.6% | $5.4B-0.7% | $5.4B-1.0% | $5.4B-0.8% | $5.4B-1.0% |
| Retained Earnings | $10.6M-95.6% | $102.9M-29.0% | $188.9M+10.3% | $240.8M+36.9% | $149.0M-20.7% | $144.9M-28.7% | $171.2M-22.6% | $176.0M-26.0% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities.
KRC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $385.1M+118.1% | $150.7M+10.1% | $109.1M+0.8% | $176.6M+0.1% | $143.7M+62.1% | $136.9M-18.4% | $108.2M-1.8% | $176.3M-15.5% |
| Depreciation & Amortization | $93.2M+6.5% | $92.9M+8.3% | $91.2M+4.2% | $87.5M-4.8% | $87.6M+0.5% | $85.7M-0.8% | $87.5M+3.7% | $91.9M+7.8% |
| Stock-Based Compensation | $3.9M-42.6% | $4.9M+24.0% | N/A | $6.8M+1.5% | $5.7M-17.4% | $3.9M+16.1% | N/A | $6.7M-45.5% |
| Capital Expenditures | $115.0M+312.2% | $29.9M+40.5% | $41.5M+15.6% | $27.9M-4.5% | $25.3M+31.7% | $21.3M+33.4% | $35.9M+25.9% | $29.2M+22.9% |
| Free Cash Flow | $270.1M+81.7% | $120.8M+4.4% | $67.6M-6.6% | $148.7M+1.0% | $118.4M+70.5% | $115.6M-23.9% | $72.3M-11.5% | $147.2M-20.5% |
| Investing Cash Flow | $48.9M-45.3% | $15.0Mn/m | -$229.1Mn/m | $89.4Mn/m | -$23.7Mn/m | -$76.7M-199.8% | -$91.5Mn/m | -$174.4Mn/m |
| Financing Cash Flow | -$518.8Mn/m | -$152.2Mn/m | -$73.1Mn/m | -$86.7Mn/m | -$73.6Mn/m | -$79.2M-179.1% | -$476.4Mn/m | -$212.5M-147.3% |
| Dividends Paid | $191.4M+196.7% | $64.5M+0.3% | $64.5M+0.2% | $64.5M+0.8% | $64.5M+0.8% | $64.4M+0.7% | $64.4M+0.7% | $64.0M+0.2% |
| Share Buybacks | $72.7M | $72.7Mn/m | N/A | N/A | N/A | $0 | N/A | N/A |
KRC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 5.7%-50.1pp | -7.1%-21.5pp | 4.6%-16.2pp | 55.8%+37.8pp | 23.6%+6.1pp | 14.4%-3.5pp | 20.8%+3.2pp | 18.1%-0.5pp |
| Return on Equity | 0.3%-2.6pp | -0.4%-1.1pp | 0.2%-0.9pp | 2.9%+1.9pp | 1.3%+0.4pp | 0.7%-0.2pp | 1.1%+0.2pp | 1.0%0.0pp |
| Return on Assets | 0.1%-1.3pp | -0.2%-0.5pp | 0.1%-0.4pp | 1.4%+1.0pp | 0.6%+0.2pp | 0.4%-0.1pp | 0.5%+0.1pp | 0.5%0.0pp |
| Debt-to-Equity | 0.840.0x | 0.870.0x | 0.850.0x | 0.84-0.1x | 0.86-0.1x | 0.86-0.1x | 0.85-0.1x | 0.930.0x |
| Liabilities-to-Equity | 0.980.0x | 1.000.0x | 0.970.0x | 0.97-0.1x | 0.98-0.1x | 0.99-0.1x | 0.98-0.1x | 1.070.0x |
| Asset Turnover | 0.030.0x | 0.030.0x | 0.020.0x | 0.030.0x | 0.030.0x | 0.020.0x | 0.030.0x | 0.030.0x |
| FCF Margin | 99.5%+46.3pp | 44.7%+2.0pp | 24.8%-0.4pp | 53.1%+2.4pp | 40.9%+16.1pp | 42.7%-11.8pp | 25.3%-5.1pp | 50.8%-14.5pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Kilroy Realty Corp. KRC | FY2025 | $1.1B | $276.1M | 24.8% | $4.3B | 76/100 |
| Cousins Properties Inc. CUZ | FY2025 | $993.8M | $40.5M | 4.1% | $4.8B | 70/100 |
| SL Green Realty Corp. SLG | FY2025 | $1.0B | -$96.9M | -9.7% | $3.6B | 41/100 |
| Douglas Emmett, Inc. DEI | FY2025 | $1.0B | $16.3M | 1.6% | $1.7B | 61/100 |
| Vornado Realty Trust VNO | FY2025 | $1.8B | $905.0M | 50.0% | $6.5B | 88/100 |
| COPT Defense Properties CDP | FY2025 | $763.9M | $151.7M | 19.9% | $3.8B | 74/100 |
Where Kilroy Realty Corp. Ranks
Frequently Asked Questions
What is Kilroy Realty Corp.'s annual revenue?
Kilroy Realty Corp. (KRC) reported $1.1B in total revenue for fiscal year 2025. This represents a -2.0% 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 Kilroy Realty Corp.'s revenue growing?
Kilroy Realty Corp. (KRC) revenue declined by 2.0% year-over-year, from $1.1B to $1.1B in fiscal year 2025.
Is Kilroy Realty Corp. profitable?
Yes, Kilroy Realty Corp. (KRC) reported a net income of $276.1M in fiscal year 2025, with a net profit margin of 24.8%.
How much debt does Kilroy Realty Corp. have?
As of fiscal year 2025, Kilroy Realty Corp. (KRC) had $179.3M in cash and equivalents against $4.6B in long-term debt.
What is Kilroy Realty Corp.'s net profit margin?
Kilroy Realty Corp. (KRC) had a net profit margin of 24.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Kilroy Realty Corp. pay dividends?
Yes, Kilroy Realty Corp. (KRC) paid $2.16 per share in dividends during fiscal year 2025.
What is Kilroy Realty Corp.'s return on equity (ROE)?
Kilroy Realty Corp. (KRC) has a return on equity of 5.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Kilroy Realty Corp.'s free cash flow?
Kilroy Realty Corp. (KRC) generated $450.3M in free cash flow during fiscal year 2025. This represents a 2.1% 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 Kilroy Realty Corp.'s operating cash flow?
Kilroy Realty Corp. (KRC) generated $566.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Kilroy Realty Corp.'s total assets?
Kilroy Realty Corp. (KRC) had $10.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Kilroy Realty Corp.'s capital expenditures?
Kilroy Realty Corp. (KRC) invested $116.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Kilroy Realty Corp.'s debt-to-equity ratio?
Kilroy Realty Corp. (KRC) had a debt-to-equity ratio of 0.85 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Kilroy Realty Corp.'s liabilities-to-equity ratio?
Kilroy Realty Corp. (KRC) had a liabilities-to-equity ratio of 0.97 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Kilroy Realty Corp.'s return on assets (ROA)?
Kilroy Realty Corp. (KRC) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Kilroy Realty Corp.'s P/E ratio?
Kilroy Realty Corp. (KRC) trades at 15.7x earnings, its market capitalization divided by $276.1M net income, FY2025. The market capitalization is $4.3B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Kilroy Realty Corp.'s price-to-sales ratio?
Kilroy Realty Corp. (KRC) trades at 3.9x sales, its market capitalization divided by $1.1B revenue, FY2025. The market capitalization is $4.3B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Kilroy Realty Corp.'s Piotroski F-Score?
Kilroy Realty Corp. (KRC) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Kilroy Realty Corp.'s earnings high quality?
Kilroy Realty Corp. (KRC) has an earnings quality ratio of 2.05x, 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 Kilroy Realty Corp.?
Kilroy Realty Corp. (KRC) scores 76 out of 100 on our Financial Health Score, indicating strong standing within its REITs peer group. The score is the average of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Kilroy Realty Corp. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.