KKR & Co. Inc. — Earnings Quality Grade F
KKR · Financial Services
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 9 days, change +1 days YoY
AR outpaced revenue for 2 consecutive years
Revenue -11.2%, CFFO -92.8%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 13.6% vs revenue -11.2%. Normal
SG&A/Gross Profit = 85.8%, exceeds 70%
Gross margin 18.0%, change +0.2pp. Stable
Cash Flow Quality
CFFO/NI = 0.20. Only 20% of profit backed by cash
FCF < 50% of Net Income for 2 years
Accruals ratio = 0.5%. Low accruals
Cash $132.7B covers debt $54.5B
Balance Sheet Health
Goodwill+Intangibles $8.8B = 28% of equity. Manageable
Debt/EBITDA = 5.4x (>4x). Interest coverage = 0.2x (<2x). Financial stress
Other assets 1.8% vs revenue -11.2%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 10% YoY. Normal
Manipulation Score
M-Score = -2.50 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score — Not Applicable
KKR & Co. Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09