KFY KORN FERRY

Overview and Growth

KORN FERRY generated $2.94B of revenue in fiscal 2026, with net income of $277.43M and an operating cash inflow of $414.19M. At $2.94B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $2.76B in fiscal 2025, revenue recorded a 6.4% year-over-year increase. The company reported diluted EPS of $5.22, adding a shareholder-level measure to the absolute income figures considered below. Diluted EPS increased by 13.5% from $4.60 in fiscal 2025, showing how the earnings change reached shareholders on a per-share basis. Revenue equaled 0.72x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The reported operating result was $374.74M, capturing profitability after direct costs and the operating expenses reflected in the statements. Relative to revenue, operating income represented 12.8%, showing how efficiently sales converted into operating profit. The bottom-line result was net income of $277.43M, after the operating, financing, tax, and other items recognized for the period. Net margin was 9.4%, meaning that this portion of revenue remained as net income after all recognized expenses. Before income taxes, the company reported $388.45M of earnings, providing a bridge between the operating result and final net income. Pretax income represented 13.2% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $107.63M of income tax for the period, completing the transition from pretax income to net income. The effective relationship between income tax and positive pretax income was 27.7%, without assuming a statutory-rate comparison. Return on period-end equity was 14.0%, relating annual net income to the equity capital on the balance sheet. The net-income-to-assets relationship measured 6.8%, showing earnings relative to the full balance sheet.

Liquidity and Capital Structure

At period end, the $4.06B asset base was financed through $2.09B of liabilities and $1.98B of equity. Current assets were $1.91B against $982.01M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 1.94x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $1.10B, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 111.6%, excluding receivables and other current assets. Total debt was $398.56M, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 0.2x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 9.8%, comparing borrowing with the total asset balance. The liabilities-to-assets relationship was 51.3%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 26.9%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 5.3% higher than fiscal 2025 assets of $3.86B, measuring the company’s own balance-sheet change.

Cash Flow and Earnings Quality

The company reported $414.19M of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 1.49x, comparing cash generated by operations with the bottom-line earnings result. Capital spending was $89.90M, absorbing part of the cash generated from operations before free cash flow. Relative to operating cash flow, capital expenditures measured 21.7%, connecting investment intensity with the company’s cash-generation base. The combination of operating cash flow and capital spending produced $324.29M of positive free cash flow for the period. The free-cash-flow margin was 11.0%, measuring cash remaining after capital spending against revenue. The free-cash-flow-to-assets relationship was 8.0%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Apr 30, 2026. Analysis generated Oct 21, 2026.