Kyndryl (KD)
Market Price (5/21/2026): $12.115 | Market Cap: $2.8 BilSector: Information Technology | Industry: IT Consulting & Other Services
Kyndryl (KD)
Market Price (5/21/2026): $12.115Market Cap: $2.8 BilSector: Information TechnologyIndustry: IT Consulting & Other Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.4%, FCF Yield is 11% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -60% Megatrend and thematic driversMegatrends include Cloud Computing, Cybersecurity, and Artificial Intelligence. Themes include Hybrid Cloud Solutions, Show more. | Weak multi-year price returns2Y Excs Rtn is -97%, 3Y Excs Rtn is -96% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 95% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.4% Key risksKD key risks include [1] an inability to attract and retain customers or expand service offerings, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.4%, FCF Yield is 11% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -60% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Cybersecurity, and Artificial Intelligence. Themes include Hybrid Cloud Solutions, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -97%, 3Y Excs Rtn is -96% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 95% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.4% |
| Key risksKD key risks include [1] an inability to attract and retain customers or expand service offerings, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Executive Departures and SEC Review Triggered Sharp Decline.
Kyndryl's stock experienced a precipitous drop of over 54% between February 6 and February 9, 2026, falling from $23.49 to $10.59, following the abrupt "effective immediately" departures of its CFO and General Counsel. Concurrently, the company announced an SEC review into its cash management practices, related disclosures, and the efficacy of its internal control over financial reporting, anticipating the report of material weaknesses.
2. Disappointing Q4 FY2026 Earnings and Cautious Outlook.
Kyndryl reported its Q4 FY2026 results on May 6, 2026, with adjusted diluted earnings per share of $0.18, significantly missing the Zacks Consensus Estimate of $0.43 by 58.14% and representing a substantial decrease from $0.52 in the prior-year period. Quarterly revenue of $3.77 billion was slightly below analyst expectations and reflected a year-over-year decline of 1% on a reported basis and 5% in constant currency. The company's fiscal year 2027 outlook further dampened investor sentiment by signaling continued pressure from prolonged sales cycles and shifts in how customers procure IBM-related technology.
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Stock Movement Drivers
Fundamental Drivers
The -47.3% change in KD stock from 1/31/2026 to 5/20/2026 was primarily driven by a -39.2% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 5202026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.00 | 12.13 | -47.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,008 | 15,123 | 0.8% |
| Net Income Margin (%) | 2.7% | 1.7% | -39.2% |
| P/E Multiple | 13.0 | 11.0 | -15.0% |
| Shares Outstanding (Mil) | 231 | 228 | 1.3% |
| Cumulative Contribution | -47.3% |
Market Drivers
1/31/2026 to 5/20/2026| Return | Correlation | |
|---|---|---|
| KD | -47.3% | |
| Market (SPY) | 7.4% | 9.2% |
| Sector (XLK) | 23.3% | 4.5% |
Fundamental Drivers
The -58.1% change in KD stock from 10/31/2025 to 5/20/2026 was primarily driven by a -50.7% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5202026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.92 | 12.13 | -58.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,061 | 15,123 | 0.4% |
| Net Income Margin (%) | 2.0% | 1.7% | -16.2% |
| P/E Multiple | 22.4 | 11.0 | -50.7% |
| Shares Outstanding (Mil) | 230 | 228 | 1.1% |
| Cumulative Contribution | -58.1% |
Market Drivers
10/31/2025 to 5/20/2026| Return | Correlation | |
|---|---|---|
| KD | -58.1% | |
| Market (SPY) | 9.3% | 12.5% |
| Sector (XLK) | 18.2% | 7.3% |
Fundamental Drivers
The -62.6% change in KD stock from 4/30/2025 to 5/20/2026 was primarily driven by a -79.7% change in the company's P/E Multiple.| (LTM values as of) | 4302025 | 5202026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.42 | 12.13 | -62.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,107 | 15,123 | 0.1% |
| Net Income Margin (%) | 0.9% | 1.7% | 81.0% |
| P/E Multiple | 54.6 | 11.0 | -79.7% |
| Shares Outstanding (Mil) | 232 | 228 | 2.0% |
| Cumulative Contribution | -62.6% |
Market Drivers
4/30/2025 to 5/20/2026| Return | Correlation | |
|---|---|---|
| KD | -62.6% | |
| Market (SPY) | 35.2% | 21.0% |
| Sector (XLK) | 69.7% | 16.6% |
Fundamental Drivers
The -16.1% change in KD stock from 4/30/2023 to 5/20/2026 was primarily driven by a -12.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302023 | 5202026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.46 | 12.13 | -16.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17,325 | 15,123 | -12.7% |
| P/S Multiple | 0.2 | 0.2 | -3.6% |
| Shares Outstanding (Mil) | 227 | 228 | -0.3% |
| Cumulative Contribution | -16.1% |
Market Drivers
4/30/2023 to 5/20/2026| Return | Correlation | |
|---|---|---|
| KD | -16.1% | |
| Market (SPY) | 85.2% | 32.3% |
| Sector (XLK) | 139.8% | 29.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KD Return | -56% | -39% | 87% | 67% | -23% | -55% | -70% |
| Peers Return | 28% | -19% | 19% | 8% | -0% | -34% | -12% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 96% |
Monthly Win Rates [3] | |||||||
| KD Win Rate | 33% | 33% | 58% | 33% | 50% | 40% | |
| Peers Win Rate | 60% | 42% | 60% | 60% | 46% | 10% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| KD Max Drawdown | - | -58% | -33% | -22% | -46% | -61% | |
| Peers Max Drawdown | -19% | -35% | -21% | -25% | -34% | -42% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ACN, IBM, DXC, CTSH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/20/2026 (YTD)
How Low Can It Go
| Event | KD | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.0% | -18.8% |
| % Gain to Breakeven | 47.1% | 23.1% |
| Time to Breakeven | 35 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -15.1% | -7.8% |
| % Gain to Breakeven | 17.8% | 8.5% |
| Time to Breakeven | 92 days | 18 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -30.2% | -6.7% |
| % Gain to Breakeven | 43.2% | 7.1% |
| Time to Breakeven | 88 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -57.5% | -24.5% |
| % Gain to Breakeven | 135.4% | 32.4% |
| Time to Breakeven | 430 days | 427 days |
In The Past
Kyndryl's stock fell -32.0% during the 2025 US Tariff Shock. Such a loss loss requires a 47.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | KD | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.0% | -18.8% |
| % Gain to Breakeven | 47.1% | 23.1% |
| Time to Breakeven | 35 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -30.2% | -6.7% |
| % Gain to Breakeven | 43.2% | 7.1% |
| Time to Breakeven | 88 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -57.5% | -24.5% |
| % Gain to Breakeven | 135.4% | 32.4% |
| Time to Breakeven | 430 days | 427 days |
In The Past
Kyndryl's stock fell -32.0% during the 2025 US Tariff Shock. Such a loss loss requires a 47.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Kyndryl (KD)
AI Analysis | Feedback
Here are a few brief analogies for Kyndryl (KD):
- The IBM for enterprise IT infrastructure.
- Accenture for backend IT infrastructure.
AI Analysis | Feedback
- Cloud Services: Services related to managing, migrating, and optimizing cloud infrastructure and operations for businesses.
- Core Enterprise and Cloud Services: Services focused on integrating and managing mission-critical enterprise systems within cloud and hybrid environments.
- Application, Data, and Artificial Intelligence Services: Services for developing, modernizing, managing, and optimizing applications, data platforms, and AI solutions.
- Digital Workplace Services: Services designed to enhance employee productivity and collaboration through modern workplace technologies and management.
- Security and Resiliency Services: Services aimed at protecting IT systems and data from cyber threats and ensuring business continuity and disaster recovery.
- Network Services and Edge Services: Services for designing, implementing, and managing network infrastructure, including advanced edge computing solutions.
AI Analysis | Feedback
Kyndryl (KD) sells its IT infrastructure and technology services primarily to other companies and large enterprises across various industries.
Major customers of Kyndryl include:
- BMW Group (Symbol: BMW.DE)
- Dow Inc. (Symbol: DOW)
- Santander (Symbol: SAN)
- Bridgestone (Symbol: BRDCY)
- Mitsubishi UFJ Financial Group (Symbol: MUFG)
AI Analysis | Feedback
Kyndryl Holdings, Inc. has several major technology partners and suppliers that are critical to its operations and service delivery. These include:
- Microsoft Corporation (MSFT)
- Amazon.com Inc. (AMZN)
- Alphabet Inc. (GOOGL)
- IBM Corporation (IBM)
- Broadcom Inc. (AVGO)
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Martin Schroeter Chairman and Chief Executive Officer
Martin Schroeter was named the inaugural Chief Executive Officer of Kyndryl in January 2021 and Chairman in November 2021. Prior to joining Kyndryl, he spent over two decades at IBM, serving as Senior Vice President, Global Markets from 2018 to 2020, and Chief Financial Officer from 2014 to 2017. He also led IBM Global Financing, managing an asset base exceeding $37 billion, and held various leadership roles in Japan, the United States, and Australia. Mr. Schroeter holds an MBA from Carnegie Mellon University and an undergraduate degree from Temple University.
Harsh Chugh Interim Chief Financial Officer
Harsh Chugh was appointed Interim Chief Financial Officer on February 5, 2026. Previously, he served as Kyndryl's Global Head of Practices, Corporate Development, and Administration starting in January 2026, and as Chief Operating Officer from September 2021. His background includes serving as Chief Financial Officer at PlanSource, which is a software firm backed by Vista Private Equity. He also held several leadership positions at IBM in Finance and Operations, including Vice President of Investor Relations and Vice President of International Corporate and Business Development.
Elly Keinan Group President
Elly Keinan oversees Kyndryl's global operations, profit and loss across 63 countries, and the six global practices. He was a key executive announced early in the company's formation.
Nel Akoth Chief Transformation Officer
Nel Akoth is responsible for driving the internal changes essential for Kyndryl's strategic shift.
Farhaz Thobani Chief Administrative Officer
Farhaz Thobani is responsible for Kyndryl's operations, real estate, quote-to-cash, and procurement. He has more than 20 years of experience in customer-facing and operational leadership roles. Prior to this role, he served as President of Kyndryl Canada, where he enhanced customer relationships and established a foundation for growth. He also previously held senior management, Chief Financial Officer, and Vice President positions at IBM. Mr. Thobani earned his MBA from the Schulich School of Business at York University.
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Key Risks to Kyndryl's Business
Kyndryl Holdings, Inc. (NYSE: KD) faces several key risks, with recent developments highlighting significant challenges related to its financial reporting and internal controls.
The most pressing risk for Kyndryl is the **material weaknesses in its internal control over financial reporting and associated legal and regulatory challenges.** The company has disclosed that its internal control over financial reporting was ineffective during periods ending March 31, June 30, and September 30, 2025. This issue led to delays in filing its quarterly report for December 31, 2025, and has prompted an SEC enforcement investigation and multiple securities class action lawsuits. These disclosures have resulted in a significant drop in Kyndryl's stock price, including a 55% decline on February 9, 2026, and the departure of key senior executives, including the CFO and General Counsel.
Another significant risk stems from the **highly competitive and dynamic IT infrastructure services market.** Kyndryl, having been spun off from IBM, operates in an arena reshaped by cloud computing, AI, and cybersecurity. While Kyndryl is strategically expanding hyperscaler partnerships and focusing on multi-cloud solutions, it needs to navigate this intense competition from established giants like IBM, Accenture, and Tata Consultancy Services, as well as agile disruptors. The company's past dependence on IBM's legacy revenue and technology also presents a challenge as it works to build new skills in non-IBM technologies and forge independent relationships to meet client needs.
Finally, Kyndryl faces the risk of **declining revenue growth and profitability margins.** The company's financial performance has shown areas of concern, with revenue declining and profitability margins under pressure. Although Kyndryl has reported some progress in its transformation strategy, including a return to constant-currency revenue growth in Q4 FY 2025, it still needs to address the ongoing challenge of creating a healthier revenue base and improving profitability after inheriting unprofitable contracts from IBM.
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The increasing sophistication and direct offering of managed services, professional services, and automated IT operations by hyperscale cloud providers (e.g., AWS, Microsoft Azure, Google Cloud) directly to enterprises. As businesses accelerate their cloud adoption, they may increasingly leverage these native hyperscaler services for their cloud environments, potentially reducing the demand for independent IT infrastructure and cloud services providers like Kyndryl for these specific workloads.AI Analysis | Feedback
Kyndryl Holdings, Inc. (KD) operates in a significant and growing market for IT infrastructure services globally. The company itself has stated that it aims to address a market size of over $500 billion by the middle of the decade. Another report from March 2024 indicated Kyndryl's expanded addressable market opportunity to $530 billion globally.
Here are the addressable market sizes for Kyndryl's main products and services, primarily on a global scale:
- IT Infrastructure Services: The global IT infrastructure services market size was valued at approximately $104.35 billion in 2024 and is estimated to reach $236.18 billion by 2033. Another estimate places the global IT Infrastructure Services market size at $120.15 million in 2025, with a projection to grow to $326.1 million by 2035. A different report indicated the global IT Infrastructure Services market was $124.2 billion by the end of 2025, with a projection to reach $289.4 billion by 2033.
- Cloud Services: The global cloud managed services market was valued at an estimated $134.44 billion in 2024 and is projected to reach $305.16 billion by 2030. Other reports show the global cloud managed services market was valued at $83.3 billion in 2021 and is projected to reach $319.4 billion by 2031.
- Application, Data, and Artificial Intelligence (AI) Services:
- The global Artificial Intelligence as a Service (AIaaS) market size was estimated at $16.08 billion in 2024 and is projected to reach $105.04 billion by 2030.
- The global Artificial Intelligence (AI) platform service market size was valued at $4.44 billion in 2025 and is expected to reach $38.51 billion by 2033.
- The global Artificial Intelligence (AI) software market size was valued at $122 billion in 2024 and is forecast to reach $467 billion in 2030.
- Digital Workplace Services: The global digital workplace market was estimated at $26.4 billion in 2024 and is expected to be valued at $135.1 billion by 2031. Other estimates suggest the global digital workplace market size was $48.8 billion in 2024 and is projected to reach $166.27 billion by 2030.
- Security and Resiliency Services: The global security services market size was estimated at $132.11 billion in 2022 and is projected to reach $212.36 billion by 2030. The security services market size is estimated to be $107.83 billion in 2026 and is projected to grow to $148.58 billion by 2031. The global security as a service market size reached $18.8 billion in 2024 and is expected to reach $54.4 billion by 2033.
- Network Services and Edge Services:
- The global network as a service (NaaS) market was valued at $16.5 billion in 2024 and is estimated to register a compound annual growth rate (CAGR) of 28.9% between 2025 and 2034, reaching $198.1 billion by 2034.
- The global managed network services market reached a valuation of $64.4 billion in 2023.
- The global network engineering services market size was valued at $48.38 billion in 2024 and is projected to surpass $104.16 billion by 2034.
AI Analysis | Feedback
Kyndryl Holdings, Inc. (KD) anticipates several key drivers of future revenue growth over the next 2-3 years, stemming from strategic initiatives and increasing demand for specialized technology services:
- Growth in Kyndryl Consult Services: Kyndryl Consult, the company's strategic business consulting arm, is consistently cited as a significant growth engine. It focuses on higher-value advisory and transformation services, including modernization, cloud adoption, security, and artificial intelligence (AI) implementations. This segment has shown strong double-digit revenue and signings growth, indicating continued demand for Kyndryl's expertise in these critical areas.
- Expansion of Hyperscaler Alliances: Revenue generated through alliances with major cloud hyperscalers is expected to be a substantial growth driver. Kyndryl has reported significant year-over-year increases in hyperscaler-related revenue, and this collaboration is crucial for delivering modern cloud-based IT solutions and digital transformation services to clients.
- Advancement of AI and Automation Services: Kyndryl is actively investing in and expanding its capabilities in AI and advanced automation. Initiatives like the "Advanced Delivery" approach, which leverages AI-enabled automation through its Kyndryl Bridge operating platform, are not only driving efficiencies but also enabling the company to offer new, innovative services in areas like AI governance and AI-driven IT modernization to enterprise customers.
- Strategic Shift to Higher-Margin, Post-Spin Contracts: A core part of Kyndryl's strategy involves actively shifting its business mix towards higher-margin contracts signed since its spin-off from IBM ("post-spin" contracts), while strategically reducing or exiting low-margin legacy contracts. This focus on improving the quality and profitability of its revenue base, although potentially impacting reported top-line revenue in the short term, is expected to lead to more sustainable and profitable revenue growth in the medium to long term by concentrating on higher-value engagements.
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Share Repurchases
- In November 2024, Kyndryl's Board of Directors authorized a $300 million share repurchase program.
- As of September 30, 2025, Kyndryl had repurchased 7.3 million shares for $249 million under the initial $300 million program.
- In November 2025, the Board authorized an additional $400 million increase to the share repurchase program, raising the total authorized amount to $700 million.
Share Issuance
- Kyndryl was established on November 3, 2021, through a tax-free spin-off from IBM, with IBM shareholders receiving one share of Kyndryl common stock for every five shares of IBM common stock held.
Outbound Investments
- Kyndryl acquired Samlink in November 2021 for an undisclosed amount.
- Kyndryl acquired Skytap for $51 million on May 13, 2024.
- In November 2025, Kyndryl announced the acquisition of Solvinity, a provider of secure managed cloud platforms and services in the Netherlands, for an undisclosed amount.
- Kyndryl plans to invest $2.25 billion in India over three years, starting from August 2025, to modernize technology infrastructure and expand its AI capabilities.
Capital Expenditures
- Kyndryl's capital expenditures for the trailing twelve months (TTM) ended December 2025 were -$732.00 million.
- Annual capital expenditures were approximately $693 million for fiscal year 2025 and $629 million for fiscal year 2024.
- A primary focus of capital expenditures includes investments in AI Innovation Labs and modernizing technology infrastructure.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Could Kyndryl Stock's Cash Flow Spark the Next Rally? | 05/06/2026 | |
| Cash Machine Trading Cheap - Kyndryl Stock Set to Run? | 03/04/2026 | |
| Kyndryl Stock vs Competition: Who Wins? | 03/03/2026 | |
| Kyndryl Stock Falls 55% In A Single Day, Now Is Not The Time To Buy The Stock | 02/10/2026 | |
| Can Kyndryl Stock Recover If Markets Fall? | 02/10/2026 | |
| Kyndryl Earnings Notes | 12/27/2025 | |
| KD's 23% One Month Dip Begs The Question: Is JNJ Better Instead? | 08/18/2025 | |
| KD's One-Month Drop Offers a Chance to Reevaluate CTSH | 08/18/2025 | |
| ARTICLES | ||
| Kyndryl Stock: Strong Cash Flow Poised for a Re-Rating? | 05/06/2026 | |
| Could Kyndryl Stock’s Cash Flow Spark the Next Rally? | 03/04/2026 | |
| Does Kyndryl Stock Lead the Pack? | 03/03/2026 | |
| Kyndryl Stock To $8? | 02/10/2026 | |
| Market Movers | Winners: HCTI, PFSA, ATPC | Losers: KD, STAI, PLYX | 02/09/2026 |
Trade Ideas
Select ideas related to KD.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | PLTR | Palantir Technologies | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 04102026 | ADSK | Autodesk | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.5% | 8.5% | 0.0% |
| 04102026 | BSY | Bentley Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.2% | 4.2% | 0.0% |
| 04102026 | ENPH | Enphase Energy | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.7% | 5.7% | 0.0% |
| 04102026 | BL | BlackLine | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 3.2% | 3.2% | -3.0% |
| 02272026 | KD | Kyndryl | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 12.1% | 12.1% | -1.0% |
Research & Analysis
Invest in Strategies
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.30 |
| Mkt Cap | 24.5 |
| Rev LTM | 21,406 |
| Op Inc LTM | 3,379 |
| FCF LTM | 2,470 |
| FCF 3Y Avg | 2,001 |
| CFO LTM | 2,757 |
| CFO 3Y Avg | 2,294 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.5% |
| Rev Chg 3Y Avg | 3.4% |
| Rev Chg Q | 5.8% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Inc Chg LTM | 9.3% |
| Op Inc Chg 3Y Avg | 15.6% |
| Op Mgn LTM | 15.7% |
| Op Mgn 3Y Avg | 15.5% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 12.9% |
| CFO/Rev 3Y Avg | 11.3% |
| FCF/Rev LTM | 11.5% |
| FCF/Rev 3Y Avg | 9.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 24.5 |
| P/S | 1.1 |
| P/Op Inc | 7.2 |
| P/EBIT | 7.0 |
| P/E | 14.5 |
| P/CFO | 8.5 |
| Total Yield | 9.1% |
| Dividend Yield | 0.6% |
| FCF Yield 3Y Avg | 5.9% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -14.3% |
| 3M Rtn | -19.2% |
| 6M Rtn | -24.6% |
| 12M Rtn | -40.4% |
| 3Y Rtn | -14.2% |
| 1M Excs Rtn | -19.8% |
| 3M Excs Rtn | -24.2% |
| 6M Excs Rtn | -38.1% |
| 12M Excs Rtn | -65.1% |
| 3Y Excs Rtn | -96.1% |
Price Behavior
| Market Price | $12.13 | |
| Market Cap ($ Bil) | 2.8 | |
| First Trading Date | 10/22/2021 | |
| Distance from 52W High | -72.0% | |
| 50 Days | 200 Days | |
| DMA Price | $12.92 | $22.55 |
| DMA Trend | down | down |
| Distance from DMA | -6.1% | -46.2% |
| 3M | 1YR | |
| Volatility | 51.7% | 72.6% |
| Downside Capture | 147.80 | 191.73 |
| Upside Capture | 76.05 | -3.49 |
| Correlation (SPY) | 20.4% | 18.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.34 | 1.12 | 1.20 | 1.13 | 1.39 | 1.26 |
| Up Beta | 0.80 | 0.49 | 1.44 | 1.36 | 1.48 | 0.97 |
| Down Beta | -1.63 | -0.35 | 2.14 | 1.56 | 1.69 | 1.38 |
| Up Capture | 133% | 195% | -70% | -28% | 26% | 168% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 12 | 21 | 32 | 60 | 123 | 370 |
| Down Capture | 715% | 161% | 154% | 142% | 154% | 109% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 10 | 22 | 32 | 65 | 126 | 373 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KD | |
|---|---|---|---|---|
| KD | -70.0% | 72.6% | -1.22 | - |
| Sector ETF (XLK) | 52.2% | 20.6% | 1.93 | 14.4% |
| Equity (SPY) | 26.2% | 12.1% | 1.62 | 19.3% |
| Gold (GLD) | 40.2% | 26.8% | 1.24 | -11.2% |
| Commodities (DBC) | 46.2% | 18.7% | 1.89 | -4.3% |
| Real Estate (VNQ) | 11.1% | 13.4% | 0.54 | 8.3% |
| Bitcoin (BTCUSD) | -27.4% | 41.8% | -0.65 | 16.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KD | |
|---|---|---|---|---|
| KD | -19.1% | 58.5% | -0.14 | - |
| Sector ETF (XLK) | 22.6% | 24.8% | 0.80 | 36.2% |
| Equity (SPY) | 14.1% | 17.0% | 0.65 | 39.1% |
| Gold (GLD) | 19.5% | 18.0% | 0.89 | 0.6% |
| Commodities (DBC) | 11.1% | 19.4% | 0.46 | 4.5% |
| Real Estate (VNQ) | 4.0% | 18.8% | 0.11 | 29.8% |
| Bitcoin (BTCUSD) | 9.1% | 55.6% | 0.37 | 21.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KD | |
|---|---|---|---|---|
| KD | -10.0% | 58.5% | -0.14 | - |
| Sector ETF (XLK) | 25.0% | 24.4% | 0.92 | 36.2% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 39.1% |
| Gold (GLD) | 13.1% | 16.0% | 0.68 | 0.6% |
| Commodities (DBC) | 7.9% | 17.9% | 0.36 | 4.5% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 29.8% |
| Bitcoin (BTCUSD) | 67.1% | 66.9% | 1.06 | 21.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -10.7% | -21.9% | |
| 2/9/2026 | -54.9% | -47.9% | -45.9% |
| 11/4/2025 | -4.7% | -6.4% | -4.5% |
| 8/4/2025 | -21.1% | -20.7% | -12.8% |
| 5/7/2025 | 10.5% | 24.4% | 21.8% |
| 2/3/2025 | 5.2% | 8.1% | -2.1% |
| 11/6/2024 | 14.2% | 18.9% | 43.0% |
| 7/31/2024 | -12.6% | -18.9% | -12.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 9 | 10 |
| # Negative | 9 | 9 | 7 |
| Median Positive | 13.9% | 18.9% | 19.7% |
| Median Negative | -12.6% | -18.9% | -12.1% |
| Max Positive | 27.8% | 33.6% | 43.0% |
| Max Negative | -54.9% | -47.9% | -45.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/17/2026 | 10-Q |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/30/2025 | 10-K |
| 12/31/2024 | 02/06/2025 | 10-Q |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/30/2024 | 10-K |
| 12/31/2023 | 02/07/2024 | 10-Q |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/26/2023 | 10-K |
| 12/31/2022 | 02/09/2023 | 10-Q |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 12/31/2021 | 03/10/2022 | 10-K |
Recent Forward Guidance [BETA]
Latest: Q4 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Adjusted pretax income | 600.00 Mil | 650.00 Mil | 700.00 Mil | 10.6% | Raised | Guidance: 587.50 Mil for 2026 | |
| 2027 Free cash flow | 400.00 Mil | 450.00 Mil | 500.00 Mil | 28.6% | Raised | Guidance: 350.00 Mil for 2026 | |
| 2027 Constant-currency revenue growth | -2.0% | -1.0% | 0.0% | -60.0% | 1.5% | Raised | Guidance: -2.5% for 2026 |
Prior: Q3 2026 Earnings Reported 2/9/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted Pretax Income | 575.00 Mil | 587.50 Mil | 600.00 Mil | -19.0% | Lowered | Guidance: 725.00 Mil for 2026 | |
| 2026 Adjusted EBITDA Margin | 17.5% | -2.8% | -0.5% | Lowered | Guidance: 18.0% for 2026 | ||
| 2026 Free Cash Flow | 325.00 Mil | 350.00 Mil | 375.00 Mil | -36.4% | Lowered | Guidance: 550.00 Mil for 2026 | |
| 2026 Constant-currency revenue decline | -0.03 | -0.03 | -0.02 | -350.0% | Lowered | Guidance: 0.01 for 2026 | |
| 2026 Hyperscaler Revenue Target | 1.80 Bil | ||||||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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