Income Statement Korn Ferry

Equities

KFY

US5006432000

Employment Services

Real-time Estimate Cboe BZX Other stock markets 02:42:34 2026-03-11 pm EDT			5-day change	1st Jan Change
62.12 ^USD	-0.74%		-1.68%	-5.88%

Mar. 10	UBS Adjusts Price Target on Korn Ferry to $65 From $72, Maintains Neutral Rating	MT
Mar. 10	Truist Securities Adjusts Price Target on Korn Ferry to $75 From $88, Maintains Buy Rating	MT

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Published financial data: KORN FERRY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2021	2022	2023	2024	2025
Revenues	1.81B	2.63B	2.84B	2.76B	2.73B
Total Revenues	1.81B	2.63B	2.84B	2.76B	2.73B
Cost of Goods Sold, Total	1.38B	1.86B	2.14B	2.16B	2.06B
Gross Profit	434M	768M	693M	606M	670M
Selling General & Admin Expenses, Total	192M	222M	258M	256M	256M
Depreciation & Amortization - (IS)	61.84M	63.52M	68.34M	77.97M	80.29M
Other Operating Expenses	0	0	0	0	0
Other Operating Expenses, Total	254M	285M	326M	334M	336M
Operating Income	180M	483M	367M	272M	335M
Interest Expense, Total	-25.1M	-21.16M	-16.16M	-7.3M	-2.37M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-25.1M	-21.16M	-16.16M	-7.3M	-2.37M
Income (Loss) On Equity Invest.	-	-	-	-	-
Other Non Operating Income (Expenses)	973K	309K	1.7M	75K	507K
EBT, Excl. Unusual Items	156M	462M	352M	265M	333M
Restructuring Charges	-30.73M	-	-52.42M	-68.56M	-1.89M
Merger & Related Restructuring Charges	-	-7.9M	-7.2M	-	-
Gain (Loss) On Sale Of Investments	38.53M	-11.98M	2.87M	29.85M	17.1M
Asset Writedown	-	-9.31M	-	-3.2M	-2.96M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	164M	433M	296M	223M	345M
Income Tax Expense	48.14M	102M	82.68M	50.08M	93.84M
Earnings From Continuing Operations	116M	331M	213M	173M	251M
Net Income to Company	116M	331M	213M	173M	251M
Minority Interest	-1.11M	-4.48M	-3.52M	-3.41M	-5.01M
Net Income - (IS)	114M	326M	210M	169M	246M
Preferred Dividend and Other Adjustments	2.76M	7.34M	4.62M	3.09M	3.23M
Net Income to Common Incl Extra Items	112M	319M	205M	166M	243M
Net Income to Common Excl. Extra Items	112M	319M	205M	166M	243M
Per Share Items
Net EPS - Basic	2.11	6.04	3.98	3.25	4.69
Basic EPS - Continuing Operations	2.11	6.04	3.98	3.25	4.69
Basic Weighted Average Shares Outstanding	52.93M	52.81M	51.48M	51.04M	51.78M
Net EPS - Diluted	2.09	5.98	3.95	3.23	4.6
Diluted EPS - Continuing Operations	2.09	5.98	3.95	3.23	4.6
Diluted Weighted Average Shares Outstanding	53.4M	53.4M	51.88M	51.43M	52.81M
Normalized Basic EPS	1.82	5.38	4.21	3.17	3.92
Normalized Diluted EPS	1.8	5.32	4.18	3.15	3.84
Dividend Per Share	0.4	0.48	0.6	1.02	1.59
Payout Ratio	19.66	8.21	15.74	32.15	33.99
Supplemental Items
EBITDA	216M	518M	406M	313M	374M
EBITA	199M	503M	391M	297M	360M
EBIT	180M	483M	367M	272M	335M
EBITDAR	284M	582M	463M	370M	429M
Total Revenues (As Reported)	1.82B	2.64B	2.86B	2.8B	2.76B
Effective Tax Rate - (Ratio)	29.41	23.57	27.96	22.49	27.21
Current Domestic Taxes	21.63M	59.96M	55.07M	41.54M	47.35M
Current Foreign Taxes	40.65M	59.06M	42.02M	40.85M	52.89M
Total Current Taxes	62.28M	119M	97.09M	82.39M	100M
Deferred Domestic Taxes	-10.83M	-17.79M	-18.95M	-18.6M	-7.23M
Deferred Foreign Taxes	-3.31M	831K	4.55M	-13.71M	829K
Total Deferred Taxes	-14.14M	-16.96M	-14.4M	-32.31M	-6.4M
Normalized Net Income	96.33M	284M	217M	162M	203M
Interest on Long-Term Debt	114K	84K	190K	212K	176K
Non-Cash Pension Expense	6.65M	4.55M	9.2M	13.08M	16.86M
Supplemental Operating Expense Items
General and Administrative Expenses	192M	222M	258M	256M	256M
Net Rental Expense, Total	67.58M	63.92M	57.47M	56.8M	54.72M
Imputed Operating Lease Interest Expense	22M	18.04M	12.77M	5.79M	1.8M
Imputed Operating Lease Depreciation	45.58M	45.88M	44.7M	51.01M	52.92M
Stock-Based Comp., COGS (Total)	27.16M	29.21M	36.28M	39.97M	47.96M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	27.16M	29.21M	36.28M	39.97M	47.96M

Fiscal Period: April	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	851M	978M	844M	941M	1.01B
Short Term Investments	54.58M	47.24M	33.21M	25.41M	24.04M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	905M	1.03B	877M	966M	1.03B
Accounts Receivable, Total	449M	590M	570M	541M	565M
Other Receivables	40.02M	31.88M	65.38M	40.7M	37.5M
Total Receivables	489M	622M	635M	582M	603M
Prepaid Expenses	30.72M	41.76M	49.22M	49.46M	41.49M
Other Current Assets, Total	62.29M	70.75M	77.23M	76.58M	74.88M
Total Current Assets	1.49B	1.76B	1.64B	1.67B	1.75B
Gross Property Plant And Equipment	601M	626M	642M	697M	754M
Accumulated Depreciation	-295M	-320M	-337M	-375M	-428M
Net Property Plant And Equipment	306M	306M	305M	322M	326M
Long-term Investments	40.64M	38.31M	27.5M	30.2M	43.58M
Goodwill	627M	726M	909M	908M	949M
Other Intangibles, Total	92.95M	89.77M	114M	88.83M	70.19M
Deferred Tax Assets Long-Term	73.11M	84.71M	102M	134M	145M
Other Long-Term Assets, Total	430M	460M	478M	521M	578M
Total Assets	3.06B	3.46B	3.57B	3.68B	3.86B
Liabilities
Accounts Payable, Total	44.99M	50.93M	53.39M	50.11M	58.88M
Accrued Expenses, Total	442M	604M	591M	578M	588M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	49M	49.66M	47.19M	37.49M	39.94M
Current Income Taxes Payable	23.04M	34.45M	19.97M	24.08M	23.08M
Unearned Revenue Current, Total	185M	244M	257M	241M	245M
Other Current Liabilities	6.4M	1.21M	8M	4.33M	169K
Total Current Liabilities	750M	984M	976M	935M	956M
Long-Term Debt	395M	395M	396M	397M	398M
Long-Term Leases	157M	153M	122M	146M	134M
Pension & Other Post Retirement Benefits	15.63M	14.4M	13.62M	12.61M	16.91M
Deferred Tax Liability Non Current	3.83M	2.72M	5.35M	4.54M	5.98M
Other Non Current Liabilities	366M	365M	408M	447M	479M
Total Liabilities	1.69B	1.91B	1.92B	1.94B	1.99B
Common Stock, Total	583M	502M	430M	415M	364M
Retained Earnings	835M	1.13B	1.31B	1.43B	1.59B
Comprehensive Income and Other	-51.82M	-92.18M	-92.76M	-108M	-86.24M
Total Common Equity	1.37B	1.54B	1.65B	1.73B	1.87B
Minority Interest	2.39M	5.24M	4.93M	4.27M	5.68M
Total Equity	1.37B	1.55B	1.65B	1.74B	1.87B
Total Liabilities And Equity	3.06B	3.46B	3.57B	3.68B	3.86B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	54.01M	53.02M	52.18M	51.81M	51.92M
ECS Total Common Shares Outstanding	54.01M	53.19M	52.27M	51.98M	51.46M
Book Value / Share	25.3	29.03	31.53	33.34	36.27
Tangible Book Value	647M	729M	624M	736M	847M
Tangible Book Value Per Share	11.98	13.71	11.94	14.16	16.47
Total Debt	601M	598M	566M	580M	571M
Net Debt	-320M	-444M	-314M	-395M	-475M
Debt Equivalent of Unfunded Proj. Benefit Obligation	343M	356M	405M	467M	509M
Debt Equivalent Oper. Leases	541M	511M	460M	454M	438M
Minority Interest, Total (Incl. Fin. Div)	2.39M	5.24M	4.93M	4.27M	5.68M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	338M	377M	425M	465M	530M
Full Time Employees	7.89K	10.78K	10.7K	9.08K	9.25K
Accumulated Allowance for Doubtful Accounts (Supple)	29.32M	36.38M	44.38M	44.19M	40.46M

Fiscal Period: April	2021	2022	2023	2024	2025
Net Income	114M	326M	210M	169M	246M
Depreciation & Amortization - CF	17.24M	22.61M	15.34M	15.87M	14.29M
Amortization of Goodwill and Intangible Assets - (CF)	19.2M	20.3M	23.7M	25.6M	25M
Depreciation & Amortization, Total	36.44M	42.91M	39.04M	41.47M	39.29M
Amortization of Deferred Charges, Total - (CF)	25.4M	28M	29.3M	36.5M	41M
(Gain) Loss on Sale of Investments - (CF)	-38.53M	11.98M	-2.87M	-29.85M	-17.1M
Asset Writedown & Restructuring Costs	-	1.92M	9.85M	3.2M	2.96M
Stock-Based Compensation (CF)	27.16M	29.21M	36.28M	39.97M	47.96M
Provision and Write-off of Bad Debts	15.76M	21.55M	22.49M	20.72M	20.68M
Other Operating Activities, Total	-26.05M	-18.3M	-21.45M	-37.7M	-12.99M
Change In Accounts Receivable	-67.33M	-139M	33.48M	7.87M	-33.24M
Change In Accounts Payable	123M	191M	-27.82M	-54.71M	-1.98M
Change In Income Taxes	3.97M	16.72M	-40.92M	16.29M	362K
Change in Other Net Operating Assets	37.46M	-11.51M	56.99M	71.06M	31.36M
Cash from Operations	251M	502M	344M	284M	364M
Capital Expenditure	-31.12M	-49.41M	-70.38M	-55.15M	-62.48M
Cash Acquisitions	-	-134M	-255M	-	-44.44M
Investment in Marketable and Equity Securities, Total	-33.82M	10.46M	12.35M	232K	2.47M
Other Investing Activities, Total	3.56M	-11.58M	-10.69M	1.09M	-21.04M
Cash from Investing	-61.38M	-184M	-323M	-53.83M	-125M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-13.6M	-1.34M	-4.4M	-1.9M	-5.76M
Total Debt Repaid	-13.6M	-1.34M	-4.4M	-1.9M	-5.76M
Issuance of Common Stock	5.71M	6.92M	7.61M	8.35M	7.87M
Repurchase of Common Stock	-35.38M	-115M	-118M	-63.89M	-106M
Common Dividends Paid	-22.5M	-26.79M	-32.97M	-54.39M	-83.63M
Common & Preferred Stock Dividends Paid	-22.5M	-26.79M	-32.97M	-54.39M	-83.63M
Other Financing Activities, Total	-1.12M	-1.45M	-4.72M	-4.5M	-3.04M
Cash from Financing	-66.89M	-137M	-152M	-116M	-191M
Foreign Exchange Rate Adjustments	38.37M	-52.59M	-2.28M	-16.82M	17.83M
Net Change in Cash	162M	127M	-134M	96.98M	65.96M
Supplemental Items
Cash Interest Paid	25.21M	24.61M	25.41M	24.99M	25.25M
Cash Income Tax Paid (Refund)	55.32M	108M	135M	72.12M	107M
Levered Free Cash Flow	221M	420M	221M	250M	281M
Unlevered Free Cash Flow	237M	433M	231M	254M	282M
Change In Net Working Capital	-66.35M	-80.6M	32.27M	-21.65M	-7.24M
Net Debt Issued / Repaid	-13.6M	-1.34M	-4.4M	-1.9M	-5.76M

Fiscal Period: April	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.88	9.26	6.52	4.68	5.55
Return on Total Capital	5.88	14.66	10.5	7.49	8.78
Return On Equity %	8.92	22.67	13.3	10.18	13.91
Return on Common Equity	8.63	21.92	12.84	9.82	13.49
Margin Analysis
Gross Profit Margin %	23.96	29.25	24.44	21.92	24.55
SG&A Margin	10.6	8.45	9.09	9.26	9.36
EBITDA Margin %	11.96	19.74	14.32	11.34	13.69
EBITA Margin %	11.01	19.16	13.78	10.76	13.17
EBIT Margin %	9.95	18.39	12.94	9.84	12.25
Income From Continuing Operations Margin %	6.38	12.6	7.51	6.25	9.2
Net Income Margin %	6.32	12.42	7.39	6.12	9.01
Net Avail. For Common Margin %	6.17	12.14	7.23	6.01	8.89
Normalized Net Income Margin	5.32	10.82	7.65	5.86	7.43
Levered Free Cash Flow Margin	12.21	15.99	7.8	9.04	10.28
Unlevered Free Cash Flow Margin	13.08	16.49	8.16	9.21	10.33
Asset Turnover
Asset Turnover	0.62	0.81	0.81	0.76	0.72
Fixed Assets Turnover	5.62	8.59	9.29	8.81	8.42
Receivables Turnover (Average Receivables)	4.28	5.06	4.89	4.98	4.94
Short Term Liquidity
Current Ratio	1.98	1.79	1.68	1.79	1.83
Quick Ratio	1.86	1.67	1.55	1.66	1.71
Operating Cash Flow to Current Liabilities	0.34	0.51	0.35	0.3	0.38
Days Sales Outstanding (Average Receivables)	85.29	72.19	74.65	73.57	73.95
Average Days Payable Outstanding	12.02	9.42	8.89	8.78	9.66
Long Term Solvency
Total Debt/Equity	43.91	38.59	34.22	33.4	30.51
Total Debt / Total Capital	30.51	27.85	25.5	25.04	23.38
LT Debt/Equity	40.33	35.39	31.37	31.24	28.38
Long-Term Debt / Total Capital	28.03	25.53	23.37	23.42	21.74
Total Liabilities / Total Assets	55.22	55.27	53.75	52.78	51.51
EBIT / Interest Expense	7.17	22.83	22.71	37.21	141.03
EBITDA / Interest Expense	11.32	27.53	28.68	50.66	180.66
(EBITDA - Capex) / Interest Expense	10.08	25.19	24.33	43.11	154.32
Total Debt / EBITDA	2.12	1.03	1.22	1.57	1.33
Net Debt / EBITDA	-1.13	-0.76	-0.68	-1.07	-1.11
Total Debt / (EBITDA - Capex)	2.38	1.12	1.44	1.84	1.56
Net Debt / (EBITDA - Capex)	-1.27	-0.83	-0.8	-1.26	-1.3
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-6.35	45.12	7.94	-2.57	-1.18
Gross Profit, 1 Yr. Growth %	-19.95	77.2	-9.8	-11.81	10.69
EBITDA, 1 Yr. Growth %	-18.8	139.49	-21.7	-21.45	19.33
EBITA, 1 Yr. Growth %	-19.14	152.58	-22.37	-22.44	20.9
EBIT, 1 Yr. Growth %	-21.76	168.25	-24.02	-24.45	23.08
Earnings From Cont. Operations, 1 Yr. Growth %	7.98	186.29	-35.6	-19.01	45.5
Net Income, 1 Yr. Growth %	9.06	185.15	-35.8	-19.27	45.47
Normalized Net Income, 1 Yr. Growth %	-26.93	195.15	-23.76	-23.71	25.29
Diluted EPS Before Extra, 1 Yr. Growth %	10.35	185.66	-33.89	-18.25	42.44
Accounts Receivable, 1 Yr. Growth %	12.98	31.54	-3.5	-5.02	4.48
Net Property, Plant and Equip., 1 Yr. Growth %	-9.45	0	-0.44	5.83	1.24
Total Assets, 1 Yr. Growth %	11.4	13.35	3.17	2.92	4.96
Tangible Book Value, 1 Yr. Growth %	30.53	12.71	-14.38	17.9	15.16
Common Equity, 1 Yr. Growth %	11.87	13.02	6.72	5.16	7.7
Cash From Operations, 1 Yr. Growth %	6.38	99.52	-31.45	-17.43	28.31
Capital Expenditures, 1 Yr. Growth %	-24.93	58.75	42.46	-21.65	13.3
Levered Free Cash Flow, 1 Yr. Growth %	21.48	89.96	-46.38	15.25	12.35
Unlevered Free Cash Flow, 1 Yr. Growth %	23.11	82.96	-45.67	12.13	10.92
Dividend Per Share, 1 Yr. Growth %	0	20	25	70	55.88
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.06	16.58	25.16	2.56	-1.87
Gross Profit, 2 Yr. CAGR %	-9.89	19.1	26.42	-11.12	-1.2
EBITDA, 2 Yr. CAGR %	-11.13	39.45	36.94	-20.95	-3.18
EBITA, 2 Yr. CAGR %	-11.73	42.91	40.03	-21.78	-3.17
EBIT, 2 Yr. CAGR %	-13.78	44.87	42.77	-23.61	-3.57
Earnings From Cont. Operations, 2 Yr. CAGR %	5.01	75.83	35.78	-27.78	8.56
Net Income, 2 Yr. CAGR %	5.59	76.35	35.3	-28.01	8.37
Normalized Net Income, 2 Yr. CAGR %	-18.02	46.86	50.01	-23.06	-2.23
Diluted EPS Before Extra, 2 Yr. CAGR %	7.47	77.55	37.42	-26.49	7.91
Accounts Receivable, 2 Yr. CAGR %	5.28	21.91	12.67	-4.26	-0.38
Net Property, Plant and Equip., 2 Yr. CAGR %	52.52	-4.84	-0.22	2.65	3.51
Total Assets, 2 Yr. CAGR %	14.42	12.37	8.14	3.05	3.93
Tangible Book Value, 2 Yr. CAGR %	5.65	21.29	-1.76	0.47	16.52
Common Equity, 2 Yr. CAGR %	4.94	12.45	9.82	5.93	6.42
Cash From Operations, 2 Yr. CAGR %	-1.43	45.69	16.95	-24.76	2.93
Capital Expenditures, 2 Yr. CAGR %	-18.35	9.16	50.38	5.65	-5.78
Levered Free Cash Flow, 2 Yr. CAGR %	15.32	50.96	0.03	-21.16	13.79
Unlevered Free Cash Flow, 2 Yr. CAGR %	16.82	49.2	-1.16	-21.72	11.52
Dividend Per Share, 2 Yr. CAGR %	0	9.54	22.47	45.77	62.79
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.8	10.9	13.63	15.14	1.29
Gross Profit, 3 Yr. CAGR %	-3.99	12.89	8.56	11.77	-4.37
EBITDA, 3 Yr. CAGR %	-3.35	23.67	15.05	13.11	-9.32
EBITA, 3 Yr. CAGR %	-3.05	25.32	16.6	14.28	-9.56
EBIT, 3 Yr. CAGR %	-4.07	25.87	16.83	14.72	-10.44
Earnings From Cont. Operations, 3 Yr. CAGR %	-5.26	46.7	25.8	14.3	-8.79
Net Income, 3 Yr. CAGR %	-5.07	47.04	25.92	13.91	-8.98
Normalized Net Income, 3 Yr. CAGR %	-7.13	25.65	18.03	18.9	-9.48
Diluted EPS Before Extra, 3 Yr. CAGR %	-3.85	48.87	27.73	15.57	-8.35
Accounts Receivable, 3 Yr. CAGR %	5.24	13.39	12.77	6.43	-1.43
Net Property, Plant and Equip., 3 Yr. CAGR %	36.64	32.5	-3.39	1.76	2.18
Total Assets, 3 Yr. CAGR %	10.14	14.06	9.22	6.37	3.68
Tangible Book Value, 3 Yr. CAGR %	14.65	7.96	8	4.39	5.15
Common Equity, 3 Yr. CAGR %	3.95	7.57	10.5	8.25	6.52
Cash From Operations, 3 Yr. CAGR %	4.69	24.68	13.32	4.14	-10.11
Capital Expenditures, 3 Yr. CAGR %	-9.51	1.91	19.29	21.01	8.14
Levered Free Cash Flow, 3 Yr. CAGR %	5.81	36.2	6.28	4.15	-11.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	7.11	35.67	5.93	2.41	-12.08
Dividend Per Share, 3 Yr. CAGR %	0	6.27	14.47	36.62	49.07
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.97	10.9	9.92	7.48	7.15
Gross Profit, 5 Yr. CAGR %	5.25	12.71	7.18	2.54	4.35
EBITDA, 5 Yr. CAGR %	14.22	23.06	11.11	2.71	6.99
EBITA, 5 Yr. CAGR %	15.21	25.07	12.31	3.07	7.85
EBIT, 5 Yr. CAGR %	15.8	26.51	12.46	2.33	7.77
Earnings From Cont. Operations, 5 Yr. CAGR %	29.74	30.55	9.41	10.49	18.6
Net Income, 5 Yr. CAGR %	29.93	31.13	9.39	10.51	18.58
Normalized Net Income, 5 Yr. CAGR %	12.21	27.46	12.5	2.47	9.01
Diluted EPS Before Extra, 5 Yr. CAGR %	29.3	32.45	10.92	12.26	19.4
Accounts Receivable, 5 Yr. CAGR %	7.27	11.32	8.15	5.97	7.31
Net Property, Plant and Equip., 5 Yr. CAGR %	26.23	22.8	20.5	19.64	-0.69
Total Assets, 5 Yr. CAGR %	9.99	10.93	9.33	9.52	7.07
Tangible Book Value, 5 Yr. CAGR %	23.82	20.31	7.78	4.9	11.33
Common Equity, 5 Yr. CAGR %	5.5	7.35	6.26	6.91	8.85
Cash From Operations, 5 Yr. CAGR %	29.52	36.43	9.43	1.87	9.04
Capital Expenditures, 5 Yr. CAGR %	3.55	-0.27	10.88	3.39	8.55
Levered Free Cash Flow, 5 Yr. CAGR %	24.01	51.44	3.46	8.48	8.78
Unlevered Free Cash Flow, 5 Yr. CAGR %	25.72	48.93	3.72	7.95	7.71
Dividend Per Share, 5 Yr. CAGR %	0	3.71	8.45	20.59	31.79