Kyndryl Holdings (KD) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Kyndryl Holdings

NYSE•Technology•Information Technology Services

$12.95+0.11(0.01%)Pre-market

Market Cap

$2.86B

P/E

32.8x

P/S

0.2x

P/B

2.7x

Kyndryl Holdings, Inc. operates as a technology services company and IT infrastructure services provider in the United States, Japan, and internationally. It offers cloud services; core enterprise services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services. The company serves financial, healthcare, public, technology, media and telecom, retail, travel and logistics, and automotive manufacturer industries. Kyndryl Holdings, Inc. was incorporated in 2020 and is headquartered in New York, New York.

How this company scores

WeakMetricSide Score: 33/100

Strongest: Cash & Earnings Quality (14/25); weakest: Balance Sheet & Red Flags (6/25).

Profitability6/25

Growth7/25

Balance Sheet & Red Flags6/25

Cash & Earnings Quality14/25

Strengths

Cash-backed earningsNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 32.8x5y range 14.2x – 58.1x

Currently near its 7-quarter median.

P/S · 0.2x5y range 0.1x – 0.6x

Currently below its 16-quarter median.

P/B · 2.7x5y range 1.1x – 7.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 46.3% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $2.86B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $14.97B
Q. Revenue: $3.62B
TTM EBITDA: $253.00M
TTM Op. Income: $253.00M
Q. Op. Income: $-69.00M
TTM Net Income: $87.00M
Q. Net Income: $-55.00M
EPS: $-0.25
Shares Out.: $220.60M

$14.97B in TTM revenue declined 0.6% YoY, reaching $3.62B last quarter. TTM EBITDA of $253.00M and TTM operating income of $253.00M show growth is flowing through to the bottom line. TTM net income of $87.00M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: -1.9%
Op. Margin: -1.9%
Net Margin: -1.5%

Op. margin of -1.9% is down 4.4% YoY — costs are rising relative to revenue. Net margin at -1.5% Over the past year, operating margin is down 178% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 32.8x
P/S Ratio: 0.2x
P/B Ratio: 2.7x

At 32.8x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 0.2x and P/B of 2.7x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Over the past year, P/E is up 1% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $12.03B
Cash: $2.10B
Long-Term Debt: $3.90B
Book Value: $1.07B
D/E Ratio: 3.6
Debt/EBITDA: N/A

With $12.03B in assets and $3.90B in long-term debt, D/E is 3.6and book value is $1.07B — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 4 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-310.00M
TTM Free Cash Flow: $148.00M
FCF Margin: 1.0%
FCF / Net Income: 1.7

TTM FCF of $148.00M on $-310.00M in operating cash flow. The FCF / Net Income ratio of 1.7x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 38% — a weakening trend.