Tearsheet

Korn Ferry (KFY)

Market Price (12/4/2025): $66.45 | Market Cap: $3.4 Bil
Sector: Industrials | Industry: Human Resource & Employment Services

Korn Ferry (KFY)

Market Price (12/4/2025): $66.45
Market Cap: $3.4 Bil
Sector: Industrials
Industry: Human Resource & Employment Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.7%, FCF Yield is 7.4%	Weak multi-year price returns 2Y Excs Rtn is -15%, 3Y Excs Rtn is -45%	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.5%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10%
2	Low stock price volatility Vol 12M is 28%
3	Megatrend and thematic drivers Megatrends include Future of Work / Human Capital Transformation. Themes include Talent Strategy & Acquisition, Organizational Design & Effectiveness, and Leadership Development & Succession Planning.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.7%, FCF Yield is 7.4%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10%
2	Low stock price volatility Vol 12M is 28%
3	Megatrend and thematic drivers Megatrends include Future of Work / Human Capital Transformation. Themes include Talent Strategy & Acquisition, Organizational Design & Effectiveness, and Leadership Development & Succession Planning.
4	Weak multi-year price returns 2Y Excs Rtn is -15%, 3Y Excs Rtn is -45%
5	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.5%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022
Share Price CYE	$66.45	$66.09	$56.93	$47.79
Market Cap CYE ($ Bil)	3.4	3.4	2.9	2.5
Total Debt ($ Bil)	0.6	0.6	0.6	0.6
Total Cash ($ Bil)	0.7	1.0	1.0	0.9
Enterprise Value ($ Bil)	3.3	4.0	3.5	3.1
Valuation Ratios
P/S TTM	1.4	1.3	1.1	0.9
P/EBIT TTM	10.2	9.6	12.4	8.1
P/E TTM	15.1	14.2	17.9	12.4
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0

	12/4/25	2024
Share Price CYE	$66.45	$66.09
Market Cap CYE ($ Bil)	3.4	3.4
Total Debt ($ Bil)	0.6	0.6
Total Cash ($ Bil)	0.7	1.0
Enterprise Value ($ Bil)	3.3	4.0
Valuation Ratios
P/S TTM	1.4	1.3
P/EBIT TTM	10.2	9.6
P/E TTM	15.1	14.2
Sector Ratios
P/S TTM (Sector)	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0
P/E TTM (Sector)	0.0	0.0

	KFY	S&P 500
REVENUE GROWTH	POOR
Rev LTM ($ Bil)	2.8
Rev Chg Q	4.8%	7.1%
Rev Chg LTM	0.8%	6.1%
Rev Chg 3Y Avg	0.5%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.4
CFO LTM ($ Bil)	0.4
Net Inc LTM ($ Bil)	0.3
Op Mgn LTM	12.7%	18.8%
CFO/Rev LTM	12.7%	20.5%
Net Inc Mgn	9.0%	13.1%
VALUATION	LOW
P/S	1.4	3.2
P/CFO	10.7	15.8
P/FCF	13.5	20.5
P/E	15.1	23.5
STABILITY	VERY GOOD
Debt/Equity	0.15	0.20
Cash/Assets	0.20	0.07

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Metric	Value	Date	Source
Number of professionals trained and developed	more than 6 million	6282024	Link
Number of people put to work	1 million	6282024	Link
Number of data points	nearly 7 billion	6282024	Link
Number of assessments	more than 100 million	6282024	Link
Number of success profiles	more than 10,000	6282024	Link
Number of professionals with compensation information	nearly 30 million	6282024	Link
Number of organizations with compensation information	30,000	6282024	Link
Fee revenue percentage from Marquee and Diamond Accounts	approximately 39%	6272025	Link
Number of new engagements (annual)	more than 6,300	6272025	Link
Average number of consultants	551	6272025	Link
Number of Digital clients (annual)	more than 7,800	6272025	Link
New assignments in Executive Search (quarterly)	1738	6182025	Link
RPO new business (quarterly)	99 million	9092025	Link

Upcoming
12/09/2025	Earnings Release	Rev: $706 Mil (E) EPS: $1.30 (E)
3/09/2026	Earnings Release	Rev: - EPS: -

KFY Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Here are key points highlighting why Korn Ferry (KFY) stock moved by -9.8% for the approximate time period from August 31, 2025, to December 4, 2025: 1. Negative Investor Reaction Despite Q1 FY2026 Earnings Beat
Despite reporting first-quarter fiscal year 2026 (Q1 FY2026) earnings on September 9, 2025, which saw an EPS of $1.31 surpassing analysts' consensus estimates of $1.24 and revenue increasing 4.8% year-over-year to $708.61 million (above estimates), investor sentiment remained lukewarm. Reports around October 7, 2025, indicated that "Investors Aren't Buying Korn Ferry's Earnings," suggesting a lack of conviction in the positive results which may have contributed to the stock's decline.

2. Disappointing Q2 FY2026 Revenue Guidance
Alongside the Q1 FY2026 earnings announcement on September 9, 2025, Korn Ferry's revenue guidance for the second quarter of fiscal year 2026 was perceived as "less impressive," coming in approximately 0.8% below analysts' estimates. This forward-looking outlook for slower revenue growth can significantly temper investor enthusiasm and lead to downward pressure on the stock price.

3. Underperformance Compared to Industry and Broader Market Trends
Korn Ferry's stock demonstrated a notable underperformance relative to its peers and the broader market. Over the past year, the company's stock underperformed the US Professional Services industry, which itself saw a return of -12.1%, and also lagged the overall US Market, which returned 11.2% during the same period. This sustained trend of underperformance suggests underlying concerns among investors regarding the company's competitive position or the sector's general environment.

4. Bearish Sentiment and Increased Volatility Towards Period End
Towards the end of the specified period, around November 29, 2025, the overall market sentiment for KFY was characterized as "Bearish," with the Fear & Greed Index indicating "Fear." The stock also experienced increased price volatility, recording only 13 green days out of the last 30 (as of November 29, 2025), and a reported -6.03% fall in its stock price over the preceding month. This general negative market sentiment and heightened volatility likely contributed to the stock's downward movement.

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Stock Movement Drivers

Fundamental Drivers

The -9.1% change in KFY stock from 9/3/2025 to 12/3/2025 was primarily driven by a -10.8% change in the company's P/E Multiple.

	9032025	12032025	Change
Stock Price ($)	73.09	66.44	-9.10%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2761.09	2793.87	1.19%
Net Income Margin (%)	8.91%	8.95%	0.45%
P/E Multiple	15.33	13.67	-10.79%
Shares Outstanding (Mil)	51.60	51.47	0.26%
Cumulative Contribution			-9.10%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
KFY	-9.1%
Market (SPY)	6.2%	42.0%
Sector (XLI)	2.9%	44.4%

Fundamental Drivers

The -3.6% change in KFY stock from 6/4/2025 to 12/3/2025 was primarily driven by a -5.0% change in the company's P/E Multiple.

	6042025	12032025	Change
Stock Price ($)	68.89	66.44	-3.55%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2741.18	2793.87	1.92%
Net Income Margin (%)	9.01%	8.95%	-0.66%
P/E Multiple	14.39	13.67	-5.00%
Shares Outstanding (Mil)	51.61	51.47	0.27%
Cumulative Contribution			-3.56%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
KFY	-3.6%
Market (SPY)	15.1%	48.1%
Sector (XLI)	7.6%	48.6%

Fundamental Drivers

The -12.5% change in KFY stock from 12/3/2024 to 12/3/2025 was primarily driven by a -35.9% change in the company's P/E Multiple.

	12032024	12032025	Change
Stock Price ($)	75.97	66.44	-12.54%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2772.00	2793.87	0.79%
Net Income Margin (%)	6.68%	8.95%	34.02%
P/E Multiple	21.31	13.67	-35.85%
Shares Outstanding (Mil)	51.95	51.47	0.93%
Cumulative Contribution			-12.55%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
KFY	-12.5%
Market (SPY)	14.3%	55.5%
Sector (XLI)	9.8%	57.9%

Fundamental Drivers

The 24.3% change in KFY stock from 12/4/2022 to 12/3/2025 was primarily driven by a 62.5% change in the company's P/E Multiple.

	12042022	12032025	Change
Stock Price ($)	53.43	66.44	24.34%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2758.51	2793.87	1.28%
Net Income Margin (%)	11.92%	8.95%	-24.90%
P/E Multiple	8.41	13.67	62.50%
Shares Outstanding (Mil)	51.77	51.47	0.59%
Cumulative Contribution			24.34%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
KFY	28.3%
Market (SPY)	53.2%	51.8%
Sector (XLI)	45.4%	57.2%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
KFY Return	4%	75%	-32%	19%	16%	-0%	70%
Peers Return	61%	35%	-27%	16%	-2%	-21%	43%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
KFY Win Rate	58%	75%	33%	50%	58%	50%
Peers Win Rate	69%	67%	33%	52%	44%	38%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
KFY Max Drawdown	-48%	-2%	-37%	-11%	-7%	-11%
Peers Max Drawdown	-53%	-6%	-39%	-19%	-23%	-38%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: UPWK, ASGN, NSP, ELCG, ADP. See KFY Returns vs. Peers.
[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] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	KFY	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-46.2%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	85.7%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-49.4%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	97.8%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	275 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-48.2%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	93.0%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	565 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-71.7%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	253.4%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1817 days	1480 days

Compare to UPWK, ASGN, NSP, ELCG, ADP

In The Past

Korn Ferry's stock fell -46.2% during the 2022 Inflation Shock from a high on 11/5/2021. A -46.2% loss requires a 85.7% gain to breakeven.

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About Korn Ferry (KFY)

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and RPO (Recruitment Process Outsourcing) & Professional Search. The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the industrial, financial services, life sciences/healthcare provider, consumer, technology, and educational/not-for-profit market sectors. It also offers organizational strategy, assessment and succession, leadership and professional development, and total reward services. In addition, the company provides RPO, project recruitment, professional search, and outsource recruiting solutions. Further, the company offers an artificial intelligence machine-learning platform to identify structures, roles, capabilities, and behaviours needed to generate insight and recommend action. It serves public and private companies, and middle market and emerging growth companies, as well as government and non-profit organizations. The company was formerly known as Korn/Ferry International and changed its name to Korn Ferry in January 2019. Korn Ferry was founded in 1969 and is based in Los Angeles, California.

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McKinsey for top-tier executive talent and organizational strategy.

The Goldman Sachs of executive talent acquisition and human capital advisory.

Accenture specializing in human capital, leadership development, and organizational design.

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Executive Search: Locating and assessing highly qualified candidates for senior-level executive positions.
Professional Search: Recruiting mid to senior-level professionals and managers across various industries and functions.
Recruitment Process Outsourcing (RPO): Managing and executing all or part of a client's talent acquisition process, from sourcing to onboarding.
Consulting: Providing advisory services on talent strategy, organizational design, leadership development, rewards, and total effective compensation.
Digital: Offering AI-powered talent assessments, data insights, and technology solutions to help organizations select, develop, and retain talent.

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Korn Ferry (KFY) primarily sells its organizational consulting, executive search, and talent management services to other companies and organizations, not primarily to individuals.

Due to the nature of its business and client confidentiality agreements, Korn Ferry does not publicly disclose the names of its specific major customer companies. Its revenue is derived from a highly diversified client base rather than being concentrated with a few large customers.

Korn Ferry serves thousands of organizations annually across a wide range of industries and geographies. Its clientele typically includes:

Large multinational corporations (including a significant portion of Fortune 500 companies)
Mid-sized enterprises
Start-up and growth companies
Government agencies and public sector entities
Non-profit organizations

These clients operate in diverse sectors such as technology, financial services, healthcare & life sciences, consumer goods, industrial, professional services, private equity, and more. Korn Ferry's services are tailored to help these corporate clients acquire, develop, reward, and retain talent, and to design effective organizational structures.

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Gary Burnison, Chief Executive Officer
Gary Burnison has served as the CEO of Korn Ferry since 2007, having joined the firm in 2002 as Chief Financial Officer and later serving as Chief Operating Officer and CFO from 2003 to 2007. Prior to his tenure at Korn Ferry, Mr. Burnison held executive roles at Guidance Solutions, a technology services firm, where he was a principal and CFO from 1999 to 2001. He also served as a senior executive officer and director at Jefferies & Company, Inc., a global investment bank, from 1995 to 1999, and was a partner at KPMG Peat Marwick from 1984 to 1995.

Robert Rozek, Chief Financial Officer, Executive Vice President and Chief Corporate Officer
Robert Rozek is Korn Ferry's Chief Financial Officer, Executive Vice President, and Chief Corporate Officer, a role he has held since joining the firm in 2012. He brings over 25 years of finance experience, including serving as Chief Financial Officer and Executive Vice President at Cushman & Wakefield, where he oversaw global financial and accounting operations. Mr. Rozek also held senior leadership positions as Senior Vice President and Chief Financial Officer at Las Vegas Sands Corporation and held high-level positions at Eastman Kodak Company. Earlier in his career, he was a partner at PricewaterhouseCoopers LLP.

Michael Distefano, Chief Executive Officer, Professional Search & Interim
Michael Distefano serves as the Chief Executive Officer for Professional Search & Interim at Korn Ferry. His prior roles at Korn Ferry include Chief Marketing Officer and head of Korn Ferry's global marketing and thought leadership efforts. He has also been involved in driving the firm's solutions around organizational strategy and talent. Before joining Korn Ferry, Mr. Distefano held positions in marketing and brand management at several companies.

Linda Hyman, Executive Vice President, Global Human Resources
Linda Hyman is the Executive Vice President, Global Human Resources at Korn Ferry. She is responsible for the firm's global human resources strategy and initiatives. Her background includes extensive experience in human capital management and organizational development within large, global organizations.

Jeanne MacDonald, Chief Executive Officer, Recruitment Process Outsourcing (RPO)
Jeanne MacDonald serves as the Chief Executive Officer for Recruitment Process Outsourcing (RPO) at Korn Ferry. In this role, she leads the firm's RPO business globally. Her experience includes over two decades in talent acquisition and human capital solutions, focusing on designing and delivering large-scale recruitment strategies for clients across various industries.

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The rapid advancement and adoption of artificial intelligence (AI) powered talent acquisition and management platforms presents a clear emerging threat to Korn Ferry's traditional business model. These platforms are increasingly capable of automating and optimizing candidate sourcing, screening, matching, and even internal talent mobility, thereby empowering corporate in-house HR and talent teams. This trend threatens to reduce the reliance on external human-led executive and professional search services, especially for roles below the C-suite, and could compress fees for such services. Furthermore, these technological advancements could also challenge parts of Korn Ferry's consulting segment focused on talent strategy and development by offering more data-driven and automated solutions directly to clients or through competing HR technology providers.

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Korn Ferry (KFY) operates in several large addressable markets for its main products and services globally.

Executive Search: The global executive search market is valued at USD 58.13 billion in 2025 and is projected to reach USD 94.73 billion by 2030, with a compound annual growth rate (CAGR) of 10.26%. Another estimate for the global Executive Search Headhunting market size is $22,219.5 million by the end of 2025, growing at a CAGR of 6.547% from 2025 to 2033. North America holds 29.32% of this market, while Europe accounts for 25.93%. The market is also forecasted to grow 6% compounded annually from 2024 to 2032.
Recruitment Process Outsourcing (RPO): The global RPO market was estimated at USD 7.33 billion in 2022 and is anticipated to reach USD 24.32 billion by 2030, growing at a CAGR of 16.1%. Other estimates place the global RPO market size at USD 8.82 billion in 2022, reaching USD 36.79 billion by 2031 with a CAGR of 17.2%. Another report projects the global RPO market to surge from USD 10.9 billion in 2024 to approximately USD 68.9 billion by 2034, reflecting a robust CAGR of 20.3%. North America led the global RPO market in 2024 with over a 10% share, generating USD 4.3 billion in revenue. The U.S. RPO market alone is valued at approximately USD 4.1 billion in 2024 and is predicted to increase to about USD 21.1 billion by 2034, with a CAGR of 17.8% from 2025 to 2034. The RPO market is also forecasted to grow 15% compounded annually from 2025 to 2033.
Leadership Development: The global leadership development program market is expected to grow from USD 89.54 billion in 2025 to USD 238.5 billion by 2035, at a CAGR of 10.3%. The global leadership development exercises market was valued at US$ 74.38 billion in 2023 and is anticipated to reach US$ 149.62 billion by 2030, exhibiting a CAGR of 10.5%. North America remains the largest market, while Asia-Pacific is emerging as the fastest-growing region for leadership development. The corporate leadership training market size is expected to increase by USD 31.40 billion, at a CAGR of 11.7% from 2024 to 2029.
Talent Acquisition: The global talent acquisition recruitment market was valued at USD 312.78 billion in 2024 and is projected to grow from USD 342.1 billion in 2025 to USD 563.79 billion by 2031, with a CAGR of 9.9%. North America currently dominates the market share, and Asia-Pacific is emerging as the fastest-growing region. The digital talent acquisition market is forecasted to grow 10% compounded annually from 2025 to 2030.
Management Consulting: The management consulting market is forecasted to grow 5% compounded annually from 2025 to 2032.
Career Transition Consulting: The Global Career Transition Consulting Market is projected to grow from $8.8 billion in 2025 to $14.7 billion by 2034, at a CAGR of 5.9%.

Korn Ferry, as a comprehensive talent solutions provider, states it addresses a $450 billion market opportunity.

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Korn Ferry (NYSE: KFY) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

Growth in Executive Search and Professional Search & Interim: Both Executive Search and Professional Search & Interim segments have demonstrated strong year-over-year growth in recent quarters. Executive Search fee revenue increased 15% year-over-year in Q4 FY2025 and 8% in Q1 FY2026, marking its fifth consecutive quarter of growth. Professional Search & Interim fee revenue was up 10% year-over-year in Q1 FY2026, with particular strength in interim services. This momentum is partly attributed to a "peak 65" dynamic, suggesting a structural turnover in leadership roles due to C-suite retirements.
Expansion of Digital Services and the Talent Suite Platform: Korn Ferry is focusing on its Digital segment, with subscription and license new business growing 10% year-over-year in Q1 FY2026, contributing significantly to its digital new business. The company plans to commercially launch its new "Talent Suite" digital platform at the beginning of Q3 FY2026 (November 2025), which is expected to enhance client service capabilities, data integration, and significantly contribute to growth.
Increasing Consulting Bill Rates and Higher-Value Engagements: Although Consulting services experienced a decline in fee revenue in Q4 FY2025, it returned to growth in Q1 FY2026, driven entirely by a 9% increase in average bill rates. This indicates a strategic shift towards larger and more transformational, higher-value consulting projects, which, despite potentially longer engagement times, are expected to bolster revenue.
Geographic Expansion and Diversification Strategy: Korn Ferry's integrated business strategy, diversified across industries, geographies, and solutions, is proving effective. The company has seen strong fee revenue growth in the EMEA region (up 19% year-over-year in Q1 FY2026) and APAC region (up 12% year-over-year in Q1 FY2026), with growth across all solutions in these areas. This global reach and diversification are key to navigating variable market conditions and addressing a substantial market opportunity.
Growth in Recruitment Process Outsourcing (RPO) and Strategic Client Engagements: Recruitment Process Outsourcing (RPO) demonstrated growth, with fee revenue increasing by 5% in Q4 FY2025 and 3% in Q1 FY2026, partly due to new logo clients in North America. The company also emphasizes its "Marquee and Diamond accounts," which contributed nearly 40% of its consolidated fee revenue and delivered over 7% fee revenue growth year-over-year. Additionally, cross-solution referrals remain strong, representing 25% of consolidated fee revenue, indicating successful integration of service offerings and deep client relationships.

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Share Repurchases

Korn Ferry repurchased $457 million of shares from fiscal 2020 to fiscal 2025.
During fiscal 2025 alone, the company repurchased $89 million of shares.
The Board of Directors approved an increase of $250 million to the existing share repurchase program in September 2025, bringing the total available capacity to $331.4 million.

Share Issuance

Korn Ferry's shares outstanding significantly reduced from 54.4 million in fiscal 2020 to 51.5 million in fiscal 2025, primarily due to share repurchases.

Outbound Investments

Korn Ferry acquired Infinity Consulting Solutions, Inc. for approximately $100 million on August 1, 2022.
The company acquired Lucas Group, an executive search and finance/accounting staffing provider, with the deal expected to be immediately accretive to adjusted earnings.

Capital Expenditures

Korn Ferry invested $62.4 million in capital expenditures during fiscal 2025, excluding leasehold improvements and furniture & fixtures.
The company's capital expenditures averaged an 8.03% three-year compound annual growth rate over the past five years.
Capital allocation includes investments in innovation and client-tailored solutions to support long-term growth.

Better Bets than Korn Ferry (KFY)

	KFY	Better Performance than KFY
Metric	Value	INDUSTRY: Human Resource & Employment Services
Rev Chg LTM	0.8%	PCTY (13.3%), DAY (11.7%), PAYC (9.7%), ADP (7.1%), PAYX (5.6%)
Rev Chg 3Y Avg	0.5%	PCTY (21.4%), DAY (16.7%), PAYC (16.0%), ADP (7.4%), PAYX (6.5%)
Op Mgn LTM	12.7%	PAYX (39.6%), PAYC (27.9%), ADP (26.2%), HQI (23.6%), PCTY (19.1%)
CFO/Rev LTM	12.7%	PAYX (34.1%), PAYC (32.1%), PCTY (25.2%), ADP (22.8%), DAY (14.5%)
FCF/Rev LTM	10.0%	PAYX (30.7%), PCTY (20.5%), ADP (20.1%), PAYC (19.5%), HSII (10.9%)
Total Yield	8.0%	KFRC (13.0%), RHI (11.5%)
P/S	1.4	MAN (0.1), NSP (0.3), RHI (0.6), TNET (0.6), HSII (0.8)
P/Op Inc	10.6	MAN (7.8), KELYA (8.8), KFRC (9.2)

	KFY	Better Performance than KFY
Metric	Value	SECTOR: Industrials
Rev Chg LTM	0.8%	UBER (18.2%), GE (17.7%), BA (10.2%), GEV (9.4%), RTX (8.8%)
Rev Chg 3Y Avg	0.5%	UBER (19.6%), GE (15.7%), BA (10.1%), RTX (9.4%), CAT (5.8%)
Op Mgn LTM	12.7%	UNP (40.6%), GE (20.5%), DE (20.0%), ETN (19.0%), CAT (18.2%)
CFO/Rev LTM	12.7%	UNP (39.6%), UBER (18.1%), CAT (18.0%), GE (17.2%), ETN (15.4%)
FCF/Rev LTM	10.0%	UNP (24.5%), UBER (17.5%), GE (14.7%), ETN (12.5%), CAT (12.3%)
Total Yield	8.0%	UPS (15.4%), CNI (11.6%), FDX (10.2%), PCAR (9.6%), UBER (8.1%)
P/S	1.4	UAL (0.5), DAL (0.6), FDX (0.6), UPS (0.8), CHRW (1.0)
P/Op Inc	10.6	UAL (6.0), DAL (6.1), UPS (8.6), FDX (8.8), CNI (9.0)

	KFY	Better Performance than KFY
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	0.8%	NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	0.5%	NVDA (92.0%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	12.7%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	12.7%	MSFT (50.0%), NVDA (46.6%), GOOGL (39.3%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	10.0%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	8.0%	XOM (10.3%), WFC (9.9%), JNJ (8.4%), CVX (8.3%), UNH (8.1%)
P/S	1.4	CVS (0.2), MCK (0.2), UNH (0.7), CMCSA (0.9), WMT (1.1)
P/Op Inc	10.6	VZ (5.9), BUD (7.7), T (8.3), MRK (9.4), PFE (9.4)

		Best Bets In Industrials Sector
	KFY
What You Pay
P/E	15.1
P/EBIT	10.2
What You Get
Rev Chg Q	4.8%
Rev Chg LTM	0.8%
Rev Chg 3Y Avg	0.5%
FCF/Rev 3Y Avg	9.4%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	How Low Can Korn Ferry Stock Really Go?	Return
2	null
3	Better Bet Than KFY Stock: Pay Less Than Korn Ferry To Get More From MRK, OKE
4	Better Bet Than KFY Stock: Pay Less Than Korn Ferry To Get More From BAH, MMS
5	KFY Dip Buy Analysis
6	Korn Ferry Total Shareholder Return (TSR): 6.5% in 2025 and 3.8% 3-yr compounded annual returns (above peer average)
7	Korn Ferry (KFY) Operating Cash Flow Comparison	Financials
8	Korn Ferry (KFY) Net Income Comparison	Financials
9	Korn Ferry (KFY) Operating Income Comparison	Financials
10	Korn Ferry (KFY) Revenue Comparison	Financials

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to KFY. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.3%	7.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.3%	2.3%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	1.6%	1.6%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	2.2%	2.2%	0.0%
KFY_12312022_Dip_Buyer_FCFYield	12312022	KFY	Korn Ferry	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-1.8%	19.1%	-10.6%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.3%	7.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.3%	2.3%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	1.6%	1.6%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	2.2%	2.2%	0.0%
KFY_12312022_Dip_Buyer_FCFYield	12312022	KFY	Korn Ferry	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-1.8%	19.1%	-10.6%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Korn Ferry

Peers to compare with:

Financials

	KFY	UPWK	ASGN	NSP	ELCG	ADP	Median
Name	Korn Fer.	Upwork	ASGN	Insperity	ELC	Automati.
Mkt Price	66.44	19.73	45.43	35.97	-	260.22	45.43
Mkt Cap	3.4	2.6	2.0	1.4	-	105.4	2.6
Rev LTM	2,794	781	3,985	6,757	-	20,903	3,985
Op Inc LTM	356	115	248	21	-	5,472	248
FCF LTM	280	201	283	51	-	4,210	280
FCF 3Y Avg	264	117	347	99	-	3,846	264
CFO LTM	354	223	326	86	-	4,758	326
CFO 3Y Avg	329	135	386	137	-	4,410	329

Growth & Margins

	KFY	UPWK	ASGN	NSP	ELCG	ADP	Median
Name	Korn Fer.	Upwork	ASGN	Insperity	ELC	Automati.
Rev Chg LTM	0.8%	2.5%	-4.9%	3.2%	-	7.1%	2.5%
Rev Chg 3Y Avg	0.5%	9.7%	-3.8%	5.7%	-	7.4%	5.7%
Rev Chg Q	4.8%	4.1%	-1.9%	4.0%	-	7.1%	4.1%
QoQ Delta Rev Chg LTM	1.2%	1.0%	-0.5%	0.9%	-	1.7%	1.0%
Op Mgn LTM	12.7%	14.7%	6.2%	0.3%	-	26.2%	12.7%
Op Mgn 3Y Avg	11.4%	5.5%	7.3%	2.2%	-	25.8%	7.3%
QoQ Delta Op Mgn LTM	0.1%	1.0%	-0.2%	-0.4%	-	-0.1%	-0.1%
CFO/Rev LTM	12.7%	28.6%	8.2%	1.3%	-	22.8%	12.7%
CFO/Rev 3Y Avg	11.7%	17.7%	9.1%	2.1%	-	22.5%	11.7%
FCF/Rev LTM	10.0%	25.7%	7.1%	0.8%	-	20.1%	10.0%
FCF/Rev 3Y Avg	9.4%	15.4%	8.2%	1.5%	-	19.6%	9.4%

Valuation

	KFY	UPWK	ASGN	NSP	ELCG	ADP	Median
Name	Korn Fer.	Upwork	ASGN	Insperity	ELC	Automati.
Mkt Cap	3.4	2.6	2.0	1.4	-	105.4	2.6
P/S	1.4	3.1	0.5	0.3	-	5.7	1.4
P/EBIT	10.2	21.4	8.3	34.6	-	20.4	20.4
P/E	15.1	9.9	15.8	110.0	-	28.7	15.8
P/CFO	10.7	11.0	6.3	21.7	-	25.0	11.0
Total Yield	8.0%	10.1%	6.3%	4.5%	-	5.5%	6.3%
Dividend Yield	1.4%	0.0%	0.0%	3.6%	-	2.1%	1.4%
FCF Yield 3Y Avg	8.2%	6.3%	10.8%	3.0%	-	3.5%	6.3%
D/E	0.1	0.2	0.6	0.2	-	0.1	0.2
Net D/E	-0.0	-0.1	0.5	-0.0	-	0.0	-0.0

Returns

	KFY	UPWK	ASGN	NSP	ELCG	ADP	Median
Name	Korn Fer.	Upwork	ASGN	Insperity	ELC	Automati.
1M Rtn	3.4%	26.2%	2.2%	-20.2%	-	1.2%	2.2%
3M Rtn	-9.1%	19.9%	-15.3%	-34.9%	-	-12.5%	-12.5%
6M Rtn	-3.6%	29.4%	-14.0%	-42.4%	-	-19.4%	-14.0%
12M Rtn	-12.5%	13.5%	-49.7%	-54.3%	-	-12.5%	-12.5%
3Y Rtn	24.3%	59.4%	-48.3%	-67.3%	-	2.8%	2.8%
1M Excs Rtn	3.4%	26.3%	2.2%	-20.2%	-	1.2%	2.2%
3M Excs Rtn	-14.6%	12.2%	-18.7%	-40.7%	-	-18.5%	-18.5%
6M Excs Rtn	-18.3%	14.7%	-28.7%	-57.2%	-	-34.1%	-28.7%
12M Excs Rtn	-26.5%	2.7%	-63.9%	-66.3%	-	-27.0%	-27.0%
3Y Excs Rtn	-44.7%	-1.1%	-121.3%	-139.6%	-	-65.4%	-65.4%

Financials

Annual
Quarterly

$ Mil \| FY: 4/30	LTM	2025	2024	2023	2022	2021	2020
Period End	7/31/2025	4/30/2025	4/30/2024	4/30/2023	4/30/2022	4/30/2021	4/30/2020
Filing Date	9/9/2025	6/27/2025	6/28/2024	6/28/2023	6/28/2022	6/28/2021	7/15/2020
Key Financials
Total Revenue	2,794	2,761	2,796	2,864	2,643	1,820	1,977
EBITDA	454	446	322	390	522	255	228
Operating Income	356	348	281	359	470	187	235
Net Income	250	246	169	210	326	114	105
EPS	4.79	4.69	3.25	3.98	6.04	2.11	1.91
Growth Rates
Total Revenue Growth	0.8%	-1.2%	-2.4%	8.3%	45.2%	-8.0%	0.2%
EBITDA Growth	32.7%	38.6%	-17.5%	-25.3%	104.7%	11.5%	15.5%
Operating Income Growth	18.4%	23.7%	-21.6%	-23.6%	152.0%	-20.5%	66.6%
Net Income Growth	35.1%	45.5%	-19.3%	-35.8%	185.1%	9.1%	2.2%
Margins
EBITDA Margin	16.3%	16.1%	11.5%	13.6%	19.7%	14.0%	11.6%
Operating Income Margin	12.7%	12.6%	10.1%	12.5%	17.8%	10.2%	11.9%
Net Income Margin	9.0%	8.9%	6.1%	7.3%	12.3%	6.3%	5.3%
Cash & Debt
Total Cash	708	1,043	984	889	1,035	914	731
Total Debt	561	568	577	561	595	599	630
Net Debt / (Cash)	-147	-475	-407	-328	-440	-316	-101
Cash Flows
Net Cash from Operations	354	364	284	344	502	251	236
Free Cash from Operations	280	302	229	274	452	220	195
Returns to Shareholders
Dividends	90	84	54	33	27	22	23
Share Repurchases	76	89	53	95	96	30	92

$ Mil \| FY: 4/30	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2
Period End	7/31/2025	4/30/2025	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022
Filing Date	9/9/2025	6/27/2025	3/11/2025	12/9/2024	9/6/2024	6/28/2024	3/8/2024	12/8/2023	9/8/2023	6/28/2023	3/10/2023	12/9/2022
Key Financials Quarterly
Total Revenue	716	720	677	682	683	700	677	712	706	738	687	736
Ebitda	119	115	108	113	110	110	93	29	89	91	43	128
Operating Income	83	105	80	88	76	83	54	86	57	74	54	120
Net Income	67	64	58	61	63	65	59	-2	47	47	11	74
EPS	1.28	1.23	1.12	1.16	1.19	1.26	1.14	-0.04	0.89	0.91	0.21	1.39
Key Financials TTM
Total Revenue TTM	2,794	2,761	2,741	2,742	2,772	2,796	2,834	2,844	2,867	2,864	2,853	2,851
Ebitda TTM	454	446	441	426	342	322	302	252	351	390	440	532
Operating Income TTM	356	348	327	302	300	281	272	271	305	359	424	496
Net Income TTM	250	246	247	248	185	169	151	104	179	210	254	327
Growth Rates Quarterly
Total Revenue Growth	4.8%	2.8%	-0.0%	-4.3%	-3.3%	-5.2%	-1.5%	-3.2%	0.4%	1.5%	0.3%	14.3%
EBITDA Growth	7.9%	3.9%	16.0%	294.4%	23.3%	21.4%	118.5%	-77.7%	-30.5%	-35.4%	-68.4%	2.6%
Operating Income Growth	9.7%	25.3%	46.0%	2.0%	33.0%	12.8%	1.5%	-27.8%	-48.8%	-46.7%	-57.5%	15.3%
Net Income Growth	6.4%	-1.4%	-1.1%	3653.5%	34.3%	37.3%	425.2%	-102.3%	-39.7%	-48.2%	-86.6%	-2.9%
Margins Quarterly
EBITDA Margin	16.6%	15.9%	16.0%	16.5%	16.1%	15.8%	13.8%	4.0%	12.7%	12.3%	6.2%	17.4%
Operating Income Margin	11.7%	14.5%	11.8%	12.9%	11.1%	11.9%	8.0%	12.1%	8.1%	10.0%	7.8%	16.3%
Net Income Margin	9.3%	8.9%	8.6%	8.9%	9.2%	9.3%	8.7%	-0.2%	6.6%	6.4%	1.6%	10.0%
Cash & Debt
Total Cash	708	1,043	805	721	662	984	783	647	592	889	820	653
Total Debt	561	568	565	578	570	577	585	540	551	561	560	573
Net Debt / (Cash)	-147	-475	-240	-143	-91	-407	-198	-107	-41	-328	-260	-80
Cash Flows Quarterly
FCF from Operations	-237	256	214	122	-227	262	164	133	-274	251	192	133
Cash Flows TTM
FCF from Operations TTM	354	364	370	321	331	284	273	301	301	344	373	445
Returns to Shareholders Quarterly
Dividends	26	25	19	19	20	17	18	10	10	8	8	8
Share Repurchases	10	15	18	33	23	23	21	4	5	13	26	33
Return on Invested Capital (ROIC) Quarterly
ROIC	209.2%	-	6645.9%	201.2%	116.3%	-	148.2%	3.0%	55.2%	2262.5%	162.4%	150.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	221.9%	-	6958.1%	185.2%	120.5%	-	161.9%	88.1%	72.4%	2761.3%	410.0%	163.6%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Consulting	707	687	654	517	557
Professional Search & Interim	544	507	298	131
Executive Search North America	514	568
Digital	367	355	349	288	294
Recruitment Process Outsourcing (RPO)	363	431	402	245
Executive Search EMEA	186	188
Executive Search Asia Pacific	86	96
Executive Search Latin America	29	31
Corporate	0	0	0	0
Executive Search			940	639	749
Recruitment Process Outsourcing (RPO) & Professional Search					377
Total	2,796	2,864	2,643	1,820	1,977

Price Behavior

Price Behavior

Market Price	$66.44
Market Cap ($ Bil)	3.4
First Trading Date	02/11/1999
Distance from 52W High	-13.3%
	50 Days	200 Days
DMA Price	$67.52	$68.11
DMA Trend	indeterminate	down
Distance from DMA	-1.6%	-2.4%
	3M	1YR
Volatility	24.3%	27.9%
Downside Capture	110.62	97.00
Upside Capture	35.21	71.01
Correlation (SPY)	41.0%	55.4%

KFY Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.55	0.76	0.83	1.12	0.78	0.92
Up Beta	0.31	1.05	1.14	1.62	0.76	0.87
Down Beta	0.02	1.24	0.84	1.24	0.73	0.83
Up Capture	69%	18%	26%	65%	59%	83%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	8	19	26	55	116	378
Down Capture	68%	72%	110%	114%	98%	102%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	12	22	36	69	131	367

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of KFY With Other Asset Classes (Last 1Y)
	KFY	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-12.8%	8.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	27.7%	18.9%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.51	0.32	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		57.8%	55.5%	-0.9%	14.8%	49.9%	35.1%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of KFY With Other Asset Classes (Last 5Y)
	KFY	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	11.9%	13.1%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	30.5%	17.2%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.41	0.61	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		61.8%	56.5%	3.1%	19.7%	48.3%	25.8%

Based On 10-Year Data

		Comparison of KFY With Other Asset Classes (Last 10Y)
	KFY	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	7.8%	12.8%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	35.6%	19.9%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.32	0.57	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		64.4%	59.7%	-4.6%	24.0%	49.6%	14.7%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	1,612,272
Short Interest: % Change Since 10312025	18.1%
Average Daily Volume	370,144
Days-to-Cover Short Interest	4.36
Basic Shares Quantity	51,466,000
Short % of Basic Shares	3.1%

Returns Analyses

	Title
0	How Low Can Korn Ferry Stock Really Go?
1	Korn Ferry Stock Return Comparison
2	[10/13/2021] Korn/Ferry International (KFY) Stock Price Forecast: AI Forecasts KFY Stock Price To Be Around $76.60 In A Month (Up 3%)
3	Korn Ferry Total Shareholder Return (TSR): -20.9% in 2023 and 19.6% 3-yr returns (above peer average)

SEC Filings

Expand for More

Report Date	Filing Date	Filing
7312025	9092025	10-Q 7/31/2025
4302025	6272025	10-K 4/30/2025
1312025	3112025	10-Q 1/31/2025
10312024	12092024	10-Q 10/31/2024
7312024	9062024	10-Q 7/31/2024
4302024	6282024	10-K 4/30/2024
1312024	3082024	10-Q 1/31/2024
10312023	12082023	10-Q 10/31/2023
7312023	9082023	10-Q 7/31/2023
4302023	6282023	10-K 4/30/2023
1312023	3102023	10-Q 1/31/2023
10312022	12092022	10-Q 10/31/2022
7312022	9082022	10-Q 7/31/2022
4302022	6282022	10-K 4/30/2022
1312022	3112022	10-Q 1/31/2022
10312021	12092021	10-Q 10/31/2021

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Robinson Lori Jean		10142025	Sell	69.44	2,000	138,889	1,565,279	Form
1	BURNISON GARY D	CEO	10102025	Sell	70.01	16,864	1,180,635	13,892,766	Form
2	BURNISON GARY D	CEO	10092025	Sell	70.61	28,352	2,001,972	17,447,346	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Korn Ferry (KFY)

Market Price (12/4/2025): $66.45 | Market Cap: $3.4 BilSector: Industrials | Industry: Human Resource & Employment Services

Korn Ferry (KFY)

Market Price (12/4/2025): $66.45Market Cap: $3.4 BilSector: IndustrialsIndustry: Human Resource & Employment Services

Valuation, Metrics & Events

KFY Stock

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Market Price (12/4/2025): $66.45 | Market Cap: $3.4 Bil
Sector: Industrials | Industry: Human Resource & Employment Services

Market Price (12/4/2025): $66.45
Market Cap: $3.4 Bil
Sector: Industrials
Industry: Human Resource & Employment Services