KKR & Co. Inc. (KKR)财务
NYSE · Financial Services · Asset Management · 员工5,043人 · CEO Joseph Y. Bae
- 股价
- $94.39 -1.49%
- 市值
- $847亿
- 企业价值
- $1250亿
- 最近财报
- Q2 '26 2026-08-06提交
- 下次财报
- 2026-11-09
营收(TTM)$211亿+31.7% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)7.8%+8.0 百分点 对比去年同期营业利润 $16.5亿
净利润(TTM)$31.5亿+53.7% 对比去年同期税后,含营业外收益
自由现金流(TTM)$23.4亿-48.8% 对比去年同期资本支出 $1.49亿
稀释EPS(TTM)$3.18+51.4% 对比去年同期最近4个季度之和
净现金-$400亿-253.9% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $847亿 EV $1250亿
- 营收
- $211亿 过去12个月
- 营收增速
- – 下一财年
- 净利润率
- 15.0% 净利润 / 营收,TTM
- P/E
- 28.1×
- P/S
- 4.0× 股价 / 营收,TTM
- EV / EBITDA
- 12.8× TTM
- 自由现金流
- $23.4亿 过去12个月
- 净利润
- $31.5亿 过去12个月
- 营收预期
- – 下一财年
- 盈利
- 2026-11-09
- 股息
- $0.76 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 营收增长放缓:同比13.1%Q2 '26营收$56.6亿,此前四个季度的平均值为38.5%。
- 营业利润率7.8%(TTM),较去年同期+8.0 百分点营收增长31.7%,营业利润增长7,394.4%。
- 税前利润的75.1%来自营业外收益税前利润$66.4亿,营业利润$16.5亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的0.7%(去年为1.2%)最近4个季度投入$1.49亿(同比-20.1%)。自由现金流$23.4亿,相当于净利润的74.2%。
- 股东回报$10.8亿 = 自由现金流的46.0%回购$3.67亿(去年为$1.39亿),股息$7.1亿,股权激励$7.71亿(TTM)。
- 稀释股数一年内减少0.9%Q2 '26稀释股数9.46亿,一年前为9.54亿。
- 净债务 $400亿现金 + 短期投资 $105亿,含租赁债务 $505亿;一年前净债务 $113亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $56.6亿 | $50亿 | +13.1% |
| 毛利率 | 18.9% | 21.0% | -2.1 百分点 |
| 营业利润 | $3.26亿 | $3.27亿 | -0.5% |
| 营业利润率 | 5.8% | 6.5% | -0.8 百分点 |
| 净利润 | $7亿 | $5.1亿 | +37.3% |
| 稀释EPS | $0.70 | $0.50 | +40.0% |
| 经营现金流 | $32.5亿 | $4.39亿 | +641.3% |
| 资本支出 | $4860万 | $6740万 | -27.9% |
| 自由现金流 | $32亿 | $3.71亿 | +762.7% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $2.26亿 | $1.74亿 | +30.1% |
营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Insurance Segment | $35.2亿 | +8.3% | 61.5% | – | – | |
| Insurance | – | – | – | – | – | |
| Asset Management Segment | – | – | – | – | – | |
| Asset Management And Strategic Holdings Segments | $22亿 | +20.0% | 38.5% | – | – | |
| Asset Management and Strategic Holdings | – | – | – | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q2 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Insurance Segment | $35.2亿 | +8.3% | – | – | – | – | – |
| Strategic Holdings Segment | – | – | $3700万 | +27.2% | – | – | $1.87亿 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $24.9亿
- 资本支出
- -$1.49亿
- 股票回购
- -$3.67亿
- 股息
- -$7.1亿
- 收购
- -$1.77亿
- 债务净发行
- $32亿
- 股权激励费用
- $7.71亿
- 自由现金流
- $23.4亿
- 股东回报 / FCF
- 46.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 28.1× | 30.6× 5年中的4年 | 9.4× – 50.8× |
| EV / EBITDA | 12.8× | 19.9× | 4.9× – 49.1× |
| EV / 营收 | 5.9× | 8.0× | 4.5× – 11.9× |
| 股价 / FCF | 36.2× | 189.1× 5年中的2年 | 20.2× – 358.1× |
| 股价 / 净资产 | 2.7× | 3.3× | 1.8× – 5.5× |
| FCF收益率 | 2.8% | -5.8% | -16.8% – 5.0% |
| 投入资本回报率 | 0.9% | 0.6% | -0.1% – 1.9% |
| 净资产收益率 | 10.3% | 12.2% | -2.8% – 26.9% |
分析师
一致目标价 $120.56 (+27.7%)
区间 $97.00 – $138.00 · 评级 Buy
强烈买入0
买入24
持有3
卖出0
强烈卖出0
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
KKR & Co. Inc.在近期10-Q / 10-K文件中标记的全部239项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$48.8亿 | -$52.2亿 | +6.6% | -$45.8亿 | -$70.5亿 | +35.1% |
| Additional Liability, Long-Duration Insurance, after Reinsurance | $63.1亿 | $60.2亿 | +4.8% | $61.7亿 | $59.1亿 | +4.5% |
| Additional Liability, Long-Duration Insurance, Current Weighted-Average Discount Rate | 3.3% | 3.3% | +0.6% | 3.3% | 3.3% | +0.3% |
| Additional Liability, Long-Duration Insurance, Interest Income (Expense) | $6650万 | $6330万 | +5.1% | $2.55亿 | $2.42亿 | +5.2% |
| Additional Paid in Capital | $188亿 | $186亿 | +0.9% | $190亿 | $184亿 | +3.4% |
| AdditionalLiabilityLongDurationInsuranceBeforeReinsuranceAfterDiscountRateChange | $82.4亿 | $77.7亿 | +6.0% | $80.1亿 | $76.3亿 | +4.9% |
| AdditionalLiabilityLongDurationInsuranceBenefitPayment | $1.44亿 | $1.33亿 | +7.9% | $5.32亿 | $5.05亿 | +5.5% |
| AdditionalLiabilityLongDurationInsuranceCumulativeIncreaseDecreaseFromCashFlowChange | – | – | – | $451万2024-12-31 | -$1640万 | +127.6% |
| AdditionalLiabilityLongDurationInsuranceCumulativeIncreaseDecreaseOfActualVarianceFromExpectedExperience | $3700万2025-12-31 | -$6910万 | +153.6% | -$7400万2024-12-31 | -$5970万 | -23.9% |
| AdditionalLiabilityLongDurationInsuranceGrossPremiumIncome | $2.06亿 | $1.54亿 | +34.2% | $7.01亿 | $7.11亿 | -1.4% |
| AdditionalLiabilityLongDurationInsuranceIncreaseDecreaseFromDiscountRateChange | -$2490万 | -$102万 | -2,329.5% | -$8140万 | -$1.38亿 | +41.2% |
| AdditionalLiabilityLongDurationInsuranceIssuance | $626万 | $569万 | +10.0% | $2350万 | $2340万 | +0.5% |
| AdditionalLiabilityLongDurationInsuranceNetPremiumCollected | $1.74亿 | $1.72亿 | +0.7% | $6.99亿 | $6.94亿 | +0.6% |
| AdditionalLiabilityLongDurationInsuranceOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange | $80.4亿2025-12-31 | $75.6亿 | +6.4% | $75.6亿2024-12-31 | $71.8亿 | +5.4% |
| AdditionalLiabilityLongDurationInsuranceReinsuranceRecoverableAfterAllowance | $18.4亿 | $16.7亿 | +10.2% | $17.6亿 | $15.9亿 | +10.6% |
| Assets | $4140亿 | $3810亿 | +8.8% | $4100亿 | $3600亿 | +13.9% |
| Assets, Fair Value Disclosure | $2510亿 | – | – | $2500亿 | $2040亿 | +22.5% |
| Assumed Premiums Earned | $6.61亿 | $6.58亿 | +0.4% | $33.7亿 | $119亿 | -71.7% |
| Assumed Premiums Written | $9.94亿2025-09-30 | $8.93亿 | +11.2% | $119亿2024-12-31 | $41.4亿 | +187.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $212亿 | $181亿 | +17.4% | $172亿 | $154亿 | +11.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $17.2亿 | -$3.37亿 | +609.0% | $17.8亿 | -$54.4亿 | +132.8% |
| Ceded Premiums Earned | $1.85亿 | $2.99亿 | -38.3% | $18亿 | $46.6亿 | -61.5% |
| Ceded Premiums Written | $4.98亿2025-09-30 | $4.01亿 | +24.3% | $46.6亿2024-12-31 | $22.8亿 | +104.2% |
| Common Stock, Dividends, Per Share, Declared | $0.20 | $0.19 | +5.4% | $0.73 | $0.69 | +5.8% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 35亿 | 35亿 | 0.0% | 35亿 | 35亿 | 0.0% |
| Common Stock, Shares, Issued | 8.98亿 | 8.91亿 | +0.8% | 8.91亿 | 8.88亿 | +0.4% |
| Common Stock, Shares, Outstanding | 8.98亿 | 8.91亿 | +0.8% | 8.91亿 | 8.88亿 | +0.4% |
| Common Stock, Value, Issued | $898万 | $891万 | +0.8% | $891万 | $888万 | +0.4% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $8.55亿 | $9.16亿 | -6.6% | $48.3亿 | $28.1亿 | +71.7% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $12.8亿 | $17.6亿 | -27.0% | $86亿 | $46.5亿 | +85.1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $11.1亿 | $3.63亿 | +205.6% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $2.04亿 | $1.89亿 | +8.3% |
| Current Income Tax Expense (Benefit) | – | – | – | $14.8亿 | $6.46亿 | +128.9% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1.64亿 | $9390万 | +74.9% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $4.79亿 | $5.97亿 | -19.9% | $9.3亿 | $2.56亿 | +263.2% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $68.6亿 | $74.9亿 | -8.4% | $67.5亿 | $93.3亿 | -27.7% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10 | $341亿 | $324亿 | +5.2% | $340亿 | $328亿 | +3.6% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $140亿 | $126亿 | +10.9% | $153亿 | $94.3亿 | +62.1% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $128亿 | $119亿 | +7.6% | $120亿 | $126亿 | -5.1% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $7.7亿 | $12.6亿 | -38.7% | $8.03亿 | $12.6亿 | -36.3% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $201亿 | $241亿 | -16.7% | $223亿 | $337亿 | -33.9% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $61.3亿 | $69.7亿 | -12.1% | $63.9亿 | $86.9亿 | -26.4% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $293亿 | $151亿 | +94.1% | $138亿 | $198亿 | -30.2% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $7.35亿 | $5.17亿 | +42.0% | $3.57亿 | $6.47亿 | -44.9% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | $282亿 | $260亿 | +8.6% | $282亿 | $254亿 | +11.3% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $138亿 | $126亿 | +9.6% | $154亿 | $90.8亿 | +70.1% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $127亿 | $118亿 | +7.3% | $119亿 | $124亿 | -4.1% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $7.64亿 | $12.5亿 | -38.6% | $7.93亿 | $12.5亿 | -36.7% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost | $616亿 | $582亿 | +5.9% | $621亿 | $561亿 | +10.6% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value | $555亿 | $517亿 | +7.4% | $564亿 | $481亿 | +17.2% |
| Debt Securities, Available-for-sale, Realized Gain | $2790万 | $2110万 | +32.1% | $1.69亿 | $1.12亿 | +50.5% |
| Debt Securities, Available-for-sale, Realized Loss | -$2.13亿 | -$3.92亿 | +45.7% | -$18.7亿 | -$6.44亿 | -189.7% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $494亿 | $392亿 | +25.9% | $361亿 | $536亿 | -32.5% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $68.6亿 | $74.9亿 | -8.4% | $67.5亿 | $93.3亿 | -27.7% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 5,249 security | 4,605 security | +14.0% | 4,294 security | 5,966 security | -28.0% |
| DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest | $2.77亿 | $2.7亿 | +2.8% | $2.89亿 | $2.75亿 | +4.8% |
| DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss | $944亿 | $890亿 | +6.1% | $964亿 | $853亿 | +13.0% |
| DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss | $947亿 | $893亿 | +6.1% | $967亿 | $856亿 | +12.9% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterest | $881亿 | $821亿 | +7.3% | $906亿 | $763亿 | +18.8% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-01