Is the business good?
How good a business is KFY?
Korn Ferry earns 24% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
24%
Return on invested capital · cost of capital 9.0% · 15 points above what the capital costs: growth creates value
- Operating margin
- 13%
Operating margin · Industrials median 10% · 12 months to Q4 2026
- Cash conversion
- 1.17×
Cash conversion · 1.23× a year ago · every dollar of reported profit arrived as cash, and more
| Year | Operating margin |
|---|---|
| FY2021 | 8.6% |
| FY2022 | 18% |
| FY2023 | 11% |
| FY2024 | 7.6% |
| FY2025 | 13% |
| FY2026 | 13% |
Details›
- Operating margin12 months to Q4 2026
- 13%
- Net margin12 months to Q4 2026
- 9.4%
- Free cash flow margin
- 11%
- Revenue, trailing twelve months
- $2.94B
- Free cash flow, trailing twelve months
- $324M
- Net income, trailing twelve months
- $277M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 24%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.