Tearsheet

KinderCare Learning Companies (KLC)

Market Price (12/8/2025): $4.32 | Market Cap: $511.3 Mil
Sector: Consumer Discretionary | Industry: Education Services

KinderCare Learning Companies (KLC)

Market Price (12/8/2025): $4.32
Market Cap: $511.3 Mil
Sector: Consumer Discretionary
Industry: Education 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	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -43%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 458%
1	Attractive yield FCF Yield is 12%	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -18%
2	Megatrend and thematic drivers Megatrends include Future of Work & Workforce Support. Themes include Childcare Services, and Early Childhood Education.

0	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -43%
1	Attractive yield FCF Yield is 12%
2	Megatrend and thematic drivers Megatrends include Future of Work & Workforce Support. Themes include Childcare Services, and Early Childhood Education.
3	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 458%
4	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -18%

Valuation, Metrics & Events

	12/8/25	2024	2023	2022	2021	2020
Share Price CYE	$4.32	$17.80
Market Cap CYE ($ Mil)	511.3	2,100.1	-	-	-	-
Total Debt ($ Mil)	2,516.9	2,392.4	2,692.9	2,858.1	2,886.5	2,849.8
Total Cash ($ Mil)	174.7	62.3	156.1	105.2	177.2	53.2
Enterprise Value ($ Mil)	2,853.4	4,492.5
Valuation Ratios
P/S TTM	0.2	0.6	0.0	0.0	0.0	0.0
P/EBIT TTM	7.8	18.6	0.0	0.0	0.0	0.0
P/E TTM	-7.4	-18.5	0.0	0.0	0.0	0.0
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.4	1.4
P/EBIT TTM (Sector)	7.6	8.0	7.8	6.3	8.3	7.2
P/E TTM (Sector)	10.4	11.1	10.7	8.4	10.8	8.3

	12/8/25	2024	2023	2022
Share Price CYE	$4.32	$17.80
Market Cap CYE ($ Mil)	511.3	2,100.1	-	-
Total Debt ($ Mil)	2,516.9	2,392.4	2,692.9	2,858.1
Total Cash ($ Mil)	174.7	62.3	156.1	105.2
Enterprise Value ($ Mil)	2,853.4	4,492.5
Valuation Ratios
P/S TTM	0.2	0.6	0.0	0.0
P/EBIT TTM	7.8	18.6	0.0	0.0
P/E TTM	-7.4	-18.5	0.0	0.0
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8
P/EBIT TTM (Sector)	7.6	8.0	7.8	6.3
P/E TTM (Sector)	10.4	11.1	10.7	8.4

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AI Generated Analysis | Feedback

Metric	Value	Date	Source
Number of Early Childhood Education Centers	1589	6282025	Link
Number of Before- and After-School Sites	1043	6282025	Link
Same-Center Occupancy	71%	6282025	Link

Recent
11/12/2025	Earnings Release	Rev: $676 Mil (A) vs. $685 Mil (E) EPS: 0.13 (A) vs. $0.12 (E)
Upcoming
3/19/2026	Earnings Release	Rev: - EPS: -

KLC Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

The stock of KinderCare Learning Companies (KLC) experienced a significant decline of approximately 39.9% between August 31, 2025, and December 8, 2025, primarily due to several key factors.

1. Lowered Full-Year Guidance and Missed Revenue Targets: KinderCare reported disappointing third-quarter 2025 earnings, missing analyst expectations for revenue and subsequently lowering its full-year 2025 revenue and adjusted EBITDA guidance. This followed an earlier refinement of its FY25 revenue guidance after second-quarter earnings, reflecting a weaker outlook.

2. Persistent Decline in Enrollment and Occupancy Rates: The company faced continued softness in enrollment and a decline in occupancy rates at its early childhood education centers. Second-quarter same-center occupancy fell by 130 basis points year-over-year to 71%, and third-quarter same-center occupancy remained at the lower end of expectations, attributed to various local market challenges, inconsistent demand, and operational issues.

3. Analyst Downgrades and Reduced Price Targets: Several investment banks downgraded KinderCare's stock and significantly cut their price targets. Goldman Sachs downgraded KLC from Buy to Neutral, slashing its price target, while Barclays and UBS also reduced their price targets, citing concerns over enrollment trajectory, declining occupancy rates, and weakening profitability. Morgan Stanley also downgraded the stock to Equalweight.

4. Increased Operating Costs and Reduced Profitability: KinderCare experienced a significant decrease in income from operations in the third quarter of 2025, driven by higher costs of services and increased wage rates. The conclusion of COVID-19 stimulus funding also contributed to margin pressures, impacting overall profitability despite modest revenue growth.

5. CEO Leadership Change Amidst Company Challenges: The announcement on December 2, 2025, that Tom Wyatt would return as Chief Executive Officer, replacing Paul Thompson, occurred during a period of significant challenges for the company, with the stock already experiencing substantial declines. Such a leadership transition often signals a need for a strategic turnaround and can introduce investor uncertainty.

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Stock Movement Drivers

Fundamental Drivers

The -42.2% change in KLC stock from 9/7/2025 to 12/7/2025 was primarily driven by a -42.3% change in the company's P/S Multiple.

	9072025	12072025	Change
Stock Price ($)	7.47	4.32	-42.17%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2686.79	2692.14	0.20%
P/S Multiple	0.33	0.19	-42.26%
Shares Outstanding (Mil)	118.31	118.35	-0.04%
Cumulative Contribution			-42.17%

LTM = Last Twelve Months as of date shown

Market Drivers

9/7/2025 to 12/7/2025

	Return	Correlation
KLC	-42.2%
Market (SPY)	5.9%	36.3%
Sector (XLY)	2.0%	43.9%

Fundamental Drivers

The -61.7% change in KLC stock from 6/8/2025 to 12/7/2025 was primarily driven by a -63.6% change in the company's P/S Multiple.

	6082025	12072025	Change
Stock Price ($)	11.29	4.32	-61.74%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2472.35	2692.14	8.89%
P/S Multiple	0.52	0.19	-63.64%
Shares Outstanding (Mil)	114.37	118.35	-3.49%
Cumulative Contribution			-61.78%

LTM = Last Twelve Months as of date shown

Market Drivers

6/8/2025 to 12/7/2025

	Return	Correlation
KLC	-61.7%
Market (SPY)	14.8%	33.3%
Sector (XLY)	13.3%	34.3%

Fundamental Drivers

The -80.5% change in KLC stock from 12/7/2024 to 12/7/2025 was primarily driven by a -79.4% change in the company's P/S Multiple.

	12072024	12072025	Change
Stock Price ($)	22.19	4.32	-80.53%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2172.73	2692.14	23.91%
P/S Multiple	0.92	0.19	-79.42%
Shares Outstanding (Mil)	90.37	118.35	-30.97%
Cumulative Contribution			-82.40%

LTM = Last Twelve Months as of date shown

Market Drivers

12/7/2024 to 12/7/2025

	Return	Correlation
KLC	-80.5%
Market (SPY)	13.9%	38.0%
Sector (XLY)	3.7%	40.0%

Fundamental Drivers

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Market Drivers

12/8/2023 to 12/7/2025

	Return	Correlation
KLC
Market (SPY)	52.4%	35.2%
Sector (XLY)	40.6%	35.3%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
KLC Return	-	-	-	-	-	-74%	-74%
Peers Return	24%	-2%	-18%	-5%	0%	-11%	-16%
S&P 500 Return	16%	27%	-19%	24%	23%	17%	112%
Monthly Win Rates [3]
KLC Win Rate	-	-	-	-	0%	30%
Peers Win Rate	27%	10%	19%	25%	21%	22%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
KLC Max Drawdown	-	-	-	-	-	-79%
Peers Max Drawdown	-18%	-6%	-26%	-19%	-18%	-15%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: LOPE, FCHL, GV, MH, MKTR.
[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 12/5/2025 (YTD)

How Low Can It Go

KLC has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.

Unique Key	Event	XLY	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-40.3%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	67.4%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	680 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-33.9%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	51.3%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	82 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-21.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	28.1%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	105 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-60.1%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	150.8%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	779 days	1480 days

Compare to

In The Past

SPDR Select Sector Fund's stock fell -40.3% during the 2022 Inflation Shock from a high on 11/19/2021. A -40.3% loss requires a 67.4% gain to breakeven.

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About KinderCare Learning Companies (KLC)

We are the largest private provider of high-quality early childhood education and care services (“ECE”) in the United States by center capacity. We are a mission driven organization, rooted in a commitment to providing all children with the very best start in life. We serve children ranging from 6 weeks to 12 years of age across our market leading footprint of 1,490 early childhood education centers with capacity of more than 195,000 children and contracts for more than 650 before- and after-school sites located in 40 states and the District of Columbia as of October 2, 2021. We believe families choose us because of our differentiated, inclusive approach and our commitment to delivering every child a high-quality educational experience in a nurturing and engaging environment. We operate all of our centers under the KinderCare brand and utilize a consistent curriculum and operational approach across our network. We offer a differentiated value proposition to the children, families, schools and employers we serve, driven by our market-leading scale and commitment to quality, access and inclusion. We leverage our extensive network of community-based centers, employer-sponsored programs, and before- and after-school sites, to meet parents where they are; an important factor in the context of evolving work styles as a result of the novel coronavirus (“COVID-19”) pandemic. We utilize our proprietary curriculum with the goal of generating superior outcomes for children of all abilities and backgrounds. We use third-party assessment tools that consistently show children in our centers outperform their peers in other programs in readiness for kindergarten. We voluntarily seek accreditation at all of our centers and onsite programs, demonstrating our commitment to best practices for our sector. Our commitment to transparent, third-party validation of the quality and impact of our offerings is a critical factor for parents when selecting a center for their children. Our culture promotes high levels of employee engagement, which leads to better financial performance of our centers. Our expertise helping families access public subsidies for childcare is a core competency and drives greater levels of diversity and access in our centers. We have built a reputation as a leader in early childhood education and care across our three go-to-market channels: KinderCare Learning Centers, KinderCare Education at Work and Champions. • KinderCare Learning Centers (“KCLC”) is the largest private provider of community-based early childhood education centers in the United States by center capacity. As of October 2, 2021, KCLC operates approximately 1,400 KCLC centers. Most KCLC centers are accredited by accrediting bodies such as the National Association for the Education of Young Children (“NAEYC”). The accreditation process evaluates curriculum, evidence of learning, operating practices and health and safety protocols. The majority of the unaccredited centers are newer to our fleet of centers – either as newly built centers or as acquisitions and are currently in various stages of the two-year accreditation process. Families typically become aware of KCLC through our strong brand recognition, public relations campaigns, digital and direct marketing efforts and word of mouth references before enrolling directly in a center. KCLC serves families with children between six weeks and 12 years of age. KCLC represented 79.2% and 77.2% of our 2020 and 2019 revenue, respectively. • KinderCare Education at Work (“KCE at Work”) is a leading provider of employer-sponsored childcare programs. As of October 2, 2021, KCLC operates 72 onsite employer-sponsored centers. The KCLC centers and onsite employer-sponsored centers together comprise our early childhood education centers. We work closely with employers to design programs that effectively address the childcare needs of their employees. Our ability to offer both onsite centers, as well as access to our own leading KinderCare center network, provides flexibility and accessibility to a broad range of employees. We currently serve more than 600 employers through onsite programs and tuition discount benefit programs for employees. KCE at Work represented 17.8% and 18.1% of our 2020 and 2019 revenue, respectively. • Champions is a leading private provider of before- and after-school programs in the United States. Our outsourced model provides an attractive value proposition to schools and districts. We provide staff, teachers and curriculum to deliver high-quality supplemental education and care to families and children onsite at schools we serve, and have contracts for more than 650 sites as of October 2, 2021. Champions represented 3.0% and 4.7% of our 2020 and 2019 revenue, respectively. Our operating strategy is designed to deliver a high-quality experience for every child and family we serve across all of our centers and sites. This self-reinforcing strategy is anchored in four pillars: • Educational Excellence. We leverage our proprietary curriculum combined with third-party assessment tools and voluntary accreditation to deliver a high-quality educational experience and provide objective validation of the quality and impact of our programs. • People & Engagement. We utilize a proprietary, data-driven approach to attract, hire and develop exceptional talent. We instill a culture that builds emotional connections between our employees and our mission and values, driving high engagement across our organization. Our internal surveys consistently demonstrate that a more engaged workforce leads to better financial performance of our centers. • Health & Safety. We consistently adhere to strict procedures across all of our centers to provide a healthy, safe environment for our children and our workforce and to deliver confidence and peace of mind to families. Our procedures address both the physical and mental health of children and are informed by input from the Center for Disease Control and Prevention (the “CDC”) and other third-party experts. • Operations & Growth. Our operational excellence enables us to deliver profitable growth and to fund consistent reinvestment into our service offerings. We utilize a robust technology platform and proprietary operating procedures to deliver a high-quality, consistent experience across our centers and sites. Our technology platform closely monitors activity across all centers and sites and allows us to stay connected with families on a daily basis through digital channels. We utilize this proprietary data to continuously refine our operations and adapt to changing market conditions and consumer preferences. We were originally formed as KC Holdco, LLC, a Delaware limited liability company. In connection with this offering and the Reorganization, we will convert into a Delaware corporation pursuant to a statutory conversion and will be renamed KinderCare Learning Companies, Inc. Our principal executive office is located at 650 NE Holladay, Suite 1400, Portland, OR.

AI Generated Analysis | Feedback

Here are a few analogies for KinderCare Learning Companies (KLC):

Starbucks for childcare and early education.
A national chain of preschools and daycare centers, similar to how Marriott operates hotels.
Planet Fitness for early learning.

AI Generated Analysis | Feedback

Early Childhood Education and Care: Provides full-day and part-day educational programs for infants, toddlers, and preschool-aged children.
Before- and After-School Programs: Offers extended care and enrichment activities for elementary school-aged children.
Employer-Sponsored Childcare Solutions: Partners with companies to provide on-site, near-site, or subsidized childcare benefits for their employees.

AI Generated Analysis | Feedback

Major Customers of KinderCare Learning Companies (KLC)

KinderCare Learning Companies (KLC) primarily sells its services directly to individuals, specifically parents and guardians seeking childcare and early education for their children. Therefore, it does not have major corporate customers in the traditional business-to-business (B2B) sense.

The company serves the following categories of individual customers:

Parents/Guardians of Infants and Toddlers: This category includes families seeking full-time care and early development programs for their youngest children (typically ages 6 weeks to 2 years).
Parents/Guardians of Preschool and Pre-Kindergarten Children: This is a core customer group, as KinderCare provides structured educational programs designed for children aged 2-5 years, preparing them for kindergarten.
Parents/Guardians of School-Age Children: KinderCare also caters to families needing before- and after-school programs, as well as summer camps and other holiday break programs for elementary school-aged children (typically 5-12 years old).

AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

Paul Thompson, Chief Executive Officer
Background: Paul Thompson is the Chief Executive Officer of KinderCare Learning Companies, responsible for all aspects of the company's strategy, leadership, governance, and financial performance. He joined KLC in 2015 and held many roles including Chief Operating Officer, Chief Administrative Officer, Chief Financial Officer, and President before becoming CEO in June 2024. Before joining KinderCare, Paul was with Safeway from 2005-2015, starting as VP of Finance and advancing to SVP, Finance, Pricing and Enterprise Systems. Prior to Safeway, he worked in consumer packaged goods for 13 years with Diageo and Nestle (also Pillsbury). KinderCare Learning Companies has been acquired by private equity firms; Partners Group in 2015 and is currently owned by RBP Capital, indicating his experience in managing a company backed by private equity firms.

Tony Amandi, Chief Financial Officer
Background: Tony Amandi leads the accounting, treasury, control, internal audit, tax and risk, external reporting, finance, financial planning and analysis (FP&A), information systems and procurement functions for KinderCare Learning Companies. He joined KinderCare in 2009. Prior to his promotion to CFO in June 2019, Tony served as Senior Vice President of KinderCare's FP&A organization and was previously Corporate Controller. Before joining KinderCare, Tony worked at PricewaterhouseCoopers for nearly 10 years in their Audit and Assurance practice.

Dr. Marquita Davis, Chief Academic Officer
Background: Dr. Marquita Davis oversees the development of KinderCare's educational programs, educator professional development, quality and accreditation initiatives, research and evaluation, student support services, and public policy. She has over 20 years of experience in early childhood education, non-profit leadership, government, and philanthropy, including nearly six years as Deputy Director of Early Learning at the Bill & Melinda Gates Foundation.

Dan Figurski, President, KLC for Employers and Champions
Background: Dan Figurski brings 20 years of experience in sales, marketing, and business management to his role. His leadership has accelerated the growth of Champions before- and after-school programs, and his role has extended to include KinderCare for Employers.

Michael Canavin, President, KCLC and Crème de la Crème Schools
Background: Michael Canavin joined KinderCare Learning Company in 2015. He has held several roles including Regional Vice President and Senior Vice President for KinderCare Learning Centers before moving into his current role in 2022. Before KinderCare, Michael was with Family Dollar Corporation for 10 years, where he advanced to Divisional Vice President.

AI Generated Analysis | Feedback

Expanding government-funded Universal Pre-Kindergarten (UPK) programs

AI Generated Analysis | Feedback

KinderCare Learning Companies (KLC) operates in the U.S. early childhood education and child care markets. The company's main products and services include early childhood education and care for children aged six weeks to 12 years through KinderCare Learning Centers and Crème de la Crème Schools, as well as before- and after-school programs under the Champions brand. Additionally, KinderCare Learning Companies for Employers provides customized family care benefits, such as on-site or near-site care, tuition benefits, and backup care.

The addressable markets for KinderCare's main products and services in the U.S. are as follows:

U.S. Child Care Market: The U.S. child care market size was estimated at USD 65.15 billion in 2024. This market is projected to reach USD 109.88 billion by 2033, demonstrating a compound annual growth rate (CAGR) of 6.02% from 2025 to 2033. Other estimates suggest the U.S. child care market size will grow from USD 65.13 billion in 2025 to USD 95.13 billion by 2034, with a CAGR of 4.3% during that period. The early education and early daycare segment constituted the largest revenue share of 45.73% in the child care market in 2024.
U.S. Early Childhood Education Market: The U.S. early childhood education market is projected to grow from USD 11.73 billion in 2025 to USD 33.12 billion by 2034, with a CAGR of 12.22% from 2025 to 2034. Other forecasts indicate the early childhood education market in the U.S. is expected to grow by USD 4-6 billion at a CAGR of 4%-6% between 2025 and 2029. Another report forecasts a growth of USD 5.36 billion during 2024-2029, with a CAGR of 4.1%.

AI Generated Analysis | Feedback

KinderCare Learning Companies (KLC) anticipates several key drivers of future revenue growth over the next two to three years:

Strategic Tuition Rate Adjustments: The company has historically experienced, and plans for continued, revenue growth through increases in tuition rates across its early childhood education centers.
Expansion of Network through New Centers and Acquisitions: KinderCare is actively pursuing growth by opening new early childhood education centers and before- and after-school sites, as well as engaging in tuck-in acquisitions to expand its operational footprint and increase market share.
Growth in Employer-Sponsored Childcare and Champions Programs (B2B Segment): A significant driver is the expansion of KinderCare's business-to-business (B2B) segment, which includes strengthening employer partnerships and growing its Champions after-school programs. This segment offers recurring revenue and is seen as a key growth pillar.
Occupancy Rate Recovery driven by Targeted Initiatives: Despite some recent occupancy challenges, KinderCare is implementing strategic initiatives to stabilize and improve enrollment trends. These efforts include leveraging digital tools, targeted marketing, and enhanced leadership support for underperforming centers, aiming to restore occupancy momentum.
Benefiting from Favorable Federal Childcare Policies: KinderCare expects to benefit from durable demand tailwinds stemming from federal policies. Full funding of the Child Care and Development Block Grant (CCDBG) and tax changes, such as increased employer-provided childcare credits and expanded dependent care tax benefits, are anticipated to boost families' buying power and accelerate the adoption of employer-sponsored childcare, thereby driving customer growth.

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Share Repurchases

KinderCare Learning Companies has not reported significant share repurchase programs or dollar amounts within the last 3-5 years.

Share Issuance

KinderCare Learning Companies completed its Initial Public Offering (IPO) on October 9, 2024, offering 24,000,000 shares of common stock at an initial public offering price of $24.00 per share.
The net proceeds from this offering were primarily utilized to repay $527.2 million of outstanding loans under the First Lien Term Loan Facility.
As of March 19, 2025, the number of common shares outstanding was 118,006,276.

Inbound Investments

Investment funds affiliated with Partners Group Holding AG maintained a controlling interest of 71.2% in KinderCare's common stock following the IPO, indicating a significant, pre-existing strategic investment that continued to be substantial.

Capital Expenditures

KinderCare Learning Companies reported capital expenditures of $139.43 million in 2021, $129.05 million in 2022, and $132.32 million in 2023.
These capital expenditures contribute to supporting the company's extensive market presence, which includes operating a broad network of early childhood education centers and before- and after-school programs across the United States.

Better Bets than KinderCare Learning Companies (KLC)

	KLC	Better Performance than KLC
Metric	Value	INDUSTRY: Education Services
Rev Chg LTM	2.2%	DUOL (39.9%), ATGE (12.2%), LOPE (7.0%), GHC (4.1%), MH (3.2%)
Rev Chg 3Y Avg	16.7%	DUOL (41.7%), UTI (26.2%)
Op Mgn LTM	2.4%	LOPE (27.2%), LAUR (23.7%), ATGE (19.5%), DUOL (11.0%), GHC (5.8%)
CFO/Rev LTM	7.2%	DUOL (37.7%), LOPE (25.6%), ATGE (20.7%), LAUR (19.8%), GHC (8.9%)
FCF/Rev LTM	2.2%	DUOL (36.0%), LOPE (22.2%), ATGE (17.6%), LAUR (15.2%), GHC (7.4%)
Total Yield	-13.6%	GHC (14.7%), ATGE (4.5%), LAUR (4.4%), LOPE (3.5%), DUOL (2.6%)
P/S	0.2
P/Op Inc	7.9

	KLC	Better Performance than KLC
Metric	Value	SECTOR: Consumer Discretionary
Rev Chg LTM	2.2%	MELI (36.9%), BKNG (13.0%), AMZN (10.9%), HD (7.5%), TJX (4.1%)
Rev Chg 3Y Avg	16.7%	MELI (39.5%), RCL (37.7%), DASH (27.8%), CPNG (18.4%), BKNG (17.8%)
Op Mgn LTM	2.4%	MCD (46.1%), HD (13.0%), AMZN (11.4%), TJX (11.2%), TSLA (5.1%)
CFO/Rev LTM	7.2%	MCD (39.9%), AMZN (18.1%), TSLA (16.5%), HD (10.6%), TJX (10.2%)
FCF/Rev LTM	2.2%	BKNG (31.9%), MCD (28.1%), HD (8.4%), TSLA (7.1%), TJX (7.0%)
Total Yield	-13.6%	HD (6.7%), MCD (6.2%), TJX (4.9%), AMZN (3.0%), TSLA (0.4%)
P/S	0.2	ADNT (0.1), GT (0.1), M (0.1), KSS (0.2), SAH (0.2)
P/Op Inc	7.9	TOL (6.4), MGA (6.7), MGM (6.9), GM (7.1), PHM (7.6)

	KLC	Better Performance than KLC
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	2.2%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), GOOGL (13.4%), AAPL (6.0%)
Rev Chg 3Y Avg	16.7%	NVDA (92.0%), AVGO (24.0%), LLY (23.4%), BRK-B (19.8%), META (17.3%)
Op Mgn LTM	2.4%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	7.2%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	2.2%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	-13.6%	GOOGL (4.6%), MSFT (3.4%), AAPL (3.0%), NVDA (2.3%), AVGO (1.5%)
P/S	0.2	CNC (0.1), INGM (0.1), ACI (0.1), AAL (0.1), CAH (0.2)
P/Op Inc	7.9	CMCSA (5.2), VZ (5.9), SU (6.4), CNQ (7.4), BUD (7.7)

		Best Bets In Consumer Discretionary Sector
	KLC	ABNB	BKNG	MCD	ETSY	LOPE	ALSN	GRMN	CROX	WH	YUM
What You Pay
P/E	-7.4	28.2	34.7	25.7	36.2	28.8	10.2	30.2	19.7	18.1	29.2
P/EBIT	7.8	27.4	20.8	17.7	15.9	19.2	7.5	26.7	17.2	10.6	16.9
What You Get
Rev Chg Q	0.8%	9.7%	12.7%	3.0%	2.4%	9.6%	-15.9%	11.7%	3.4%	-3.5%	8.4%
Rev Chg LTM	2.2%	10.2%	13.0%	1.2%	2.0%	7.0%	-4.2%	16.6%	2.0%	3.4%	11.6%
Rev Chg 3Y Avg	16.7%	14.2%	17.8%	4.2%	4.9%	6.5%	4.6%	12.2%	14.5%	-2.5%	6.4%
FCF/Rev 3Y Avg	3.1%	40.2%	35.6%	27.4%	23.8%	21.8%	21.0%	20.5%	19.8%	19.0%	18.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	null
2	Why KinderCare Learning Companies Stock Moved: KLC Stock Has Lost 76% Since 2024 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)
3	KLC Dip Buy Analysis
4	KinderCare Learning Companies (KLC) Valuation Ratios Comparison	Financials
5	KinderCare Learning Companies Earnings Notes
6	KinderCare Learning Companies (KLC) Operating Cash Flow Comparison	Financials
7	KinderCare Learning Companies (KLC) Net Income Comparison	Financials
8	KinderCare Learning Companies (KLC) Revenue Comparison	Financials
9	ARTICLES
10	Market Movers \| Winners: TLRY, STOK, CC \| Losers: ACDC, KLC, CAVA		August 14th, 2025

	Title
0	DASHBOARDS
1	null
2	Why KinderCare Learning Companies Stock Moved: KLC Stock Has Lost 76% Since 2024 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)
3	KLC Dip Buy Analysis
4	KinderCare Learning Companies (KLC) Valuation Ratios Comparison
5	KinderCare Learning Companies Earnings Notes
6	KinderCare Learning Companies (KLC) Operating Cash Flow Comparison
7	KinderCare Learning Companies (KLC) Net Income Comparison
8	KinderCare Learning Companies (KLC) Revenue Comparison
9	ARTICLES
10	Market Movers \| Winners: TLRY, STOK, CC \| Losers: ACDC, KLC, CAVA

Trade Ideas

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

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	8.2%	8.2%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	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	1.9%	1.9%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	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%	-1.8%	-4.4%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	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	8.8%	8.8%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	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	5.3%	5.3%	-1.6%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	8.2%	8.2%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	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	1.9%	1.9%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	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%	-1.8%	-4.4%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	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	8.8%	8.8%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	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	5.3%	5.3%	-1.6%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
DBRG	DigitalBridge	2.5	45.3%	25.5%
ALMS	Alumis	0.9	34.0%	41.5%
PRAX	Praxis Precision Medicines	5.5	30.5%	222.2%
RBRK	Rubrik	16.8	22.5%	32.0%
BBOT	BridgeBio Oncology Therapeutics	1.1	18.6%
VSCO	Victoria's Secret	3.9	18.0%	18.4%
TE	T1 Energy	0.9	14.1%
ULTA	Ulta Beauty	27.0	12.7%	38.3%
IOT	Samsara	25.9	11.1%	3.5%
TTAN	ServiceTitan	9.7	10.5%	2.7%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSN	Parsons	7.1	-21.1%	-27.8%
BW	Babcock & Wilcox Enterprises	0.6	-15.9%	246.3%
ADPT	Adaptive Biotechnologies	2.2	-15.5%	146.0%
S	SentinelOne	4.8	-14.4%	-34.6%
IMSR	Terrestrial Energy	0.9	-13.7%
WLYB	John Wiley & Sons	1.7	-12.0%	-24.8%
AGX	Argan	4.3	-12.0%	130.9%
DOCS	Doximity	8.6	-10.5%	-14.0%
PSKY	Paramount Skydance	9.0	-9.8%
ORLA	Orla Mining	4.0	-9.8%	124.2%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TLRY	Tilray Brands	7.8	804.1%	-44.7%
HPP	Hudson Pacific Properties	6.1	580.8%	-36.4%
DBRG	DigitalBridge	2.5	45.4%	25.5%
ALMS	Alumis	0.9	45.0%	41.5%
TE	T1 Energy	0.9	41.5%
MPLT	MapLight Therapeutics	0.8	35.7%
PATH	UiPath	10.0	34.7%	46.9%
VERA	Vera Therapeutics	2.9	33.0%	6.2%
AEVA	Aeva Technologies	0.9	31.8%	209.5%
ASTS	AST SpaceMobile	17.9	31.5%	250.3%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.0	-51.6%	-69.2%
CTEV	Claritev	0.6	-37.2%
SYM	Symbotic	6.5	-28.7%	151.8%
ADPT	Adaptive Biotechnologies	2.2	-25.0%	146.0%
QURE	uniQure	1.2	-22.5%	20.8%
CMCL	Caledonia Mining	0.5	-21.6%	164.8%
PSN	Parsons	7.1	-21.3%	-27.8%
HOV	Hovnanian Enterprises	0.7	-21.2%	-22.5%
UP	Wheels Up Experience	0.4	-21.1%	-63.3%
PSTG	Pure Storage	23.1	-20.8%	14.7%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
LXP	LXP Industrial Trust	2.8	402.5%	25.5%
OLMA	Olema Pharmaceuticals	2.3	242.3%	366.7%
COGT	Cogent Biosciences	5.3	168.9%	397.1%
ALMS	Alumis	0.9	143.3%	41.5%
CDTX	Cidara Therapeutics	5.9	125.7%	719.8%
VERA	Vera Therapeutics	2.9	86.3%	6.2%
SGML	Sigma Lithium	1.0	82.8%	-16.0%
NUVB	Nuvation Bio	2.9	73.8%	221.4%
FRGE	Forge Global	0.6	69.6%	217.3%
IRWD	Ironwood Pharmaceuticals	0.6	68.9%	-21.4%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-49.6%	-63.3%
CCOI	Cogent Communications	0.9	-48.7%	-72.8%
CTEV	Claritev	0.6	-47.8%
BTDR	Bitdeer Technologies	2.3	-46.5%	-45.5%
AMSC	American Superconductor	1.4	-45.4%	31.8%
SMR	NuScale Power	3.2	-43.6%	19.3%
FRMI	Fermi	10.6	-42.7%
TLRY	Tilray Brands	7.8	-42.6%	-44.7%
PRCH	Porch	1.0	-41.4%	90.2%
ARDT	Ardent Health	1.2	-40.1%	-48.5%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
DBRG	DigitalBridge	2.5	45.3%	25.5%
ALMS	Alumis	0.9	34.0%	41.5%
PRAX	Praxis Precision Medicines	5.5	30.5%	222.2%
RBRK	Rubrik	16.8	22.5%	32.0%
BBOT	BridgeBio Oncology Therapeutics	1.1	18.6%
VSCO	Victoria's Secret	3.9	18.0%	18.4%
TE	T1 Energy	0.9	14.1%
ULTA	Ulta Beauty	27.0	12.7%	38.3%
IOT	Samsara	25.9	11.1%	3.5%
TTAN	ServiceTitan	9.7	10.5%	2.7%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSN	Parsons	7.1	-21.1%	-27.8%
BW	Babcock & Wilcox Enterprises	0.6	-15.9%	246.3%
ADPT	Adaptive Biotechnologies	2.2	-15.5%	146.0%
S	SentinelOne	4.8	-14.4%	-34.6%
IMSR	Terrestrial Energy	0.9	-13.7%
WLYB	John Wiley & Sons	1.7	-12.0%	-24.8%
AGX	Argan	4.3	-12.0%	130.9%
DOCS	Doximity	8.6	-10.5%	-14.0%
PSKY	Paramount Skydance	9.0	-9.8%
ORLA	Orla Mining	4.0	-9.8%	124.2%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TLRY	Tilray Brands	7.8	804.1%	-44.7%
HPP	Hudson Pacific Properties	6.1	580.8%	-36.4%
DBRG	DigitalBridge	2.5	45.4%	25.5%
ALMS	Alumis	0.9	45.0%	41.5%
TE	T1 Energy	0.9	41.5%
MPLT	MapLight Therapeutics	0.8	35.7%
PATH	UiPath	10.0	34.7%	46.9%
VERA	Vera Therapeutics	2.9	33.0%	6.2%
AEVA	Aeva Technologies	0.9	31.8%	209.5%
ASTS	AST SpaceMobile	17.9	31.5%	250.3%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.0	-51.6%	-69.2%
CTEV	Claritev	0.6	-37.2%
SYM	Symbotic	6.5	-28.7%	151.8%
ADPT	Adaptive Biotechnologies	2.2	-25.0%	146.0%
QURE	uniQure	1.2	-22.5%	20.8%
CMCL	Caledonia Mining	0.5	-21.6%	164.8%
PSN	Parsons	7.1	-21.3%	-27.8%
HOV	Hovnanian Enterprises	0.7	-21.2%	-22.5%
UP	Wheels Up Experience	0.4	-21.1%	-63.3%
PSTG	Pure Storage	23.1	-20.8%	14.7%

Peer Comparisons for KinderCare Learning Companies

Peers to compare with:

Financials

	KLC	LOPE	FCHL	GV	MH	MKTR	Median
Name	KinderCa.	Grand Ca.	Fitness .	Visionary	McGraw H.	Monkey T.
Mkt Price	4.32	153.39	0.34	1.42	16.82	-	4.32
Mkt Cap	0.5	4.3	-	-	3.1	-	3.1
Rev LTM	2,692	1,091	-	-	2,095	-	2,095
Op Inc LTM	65	297	-	-	305	-	297
FCF LTM	60	242	-	-	222	-	222
FCF 3Y Avg	71	223	-	-	-	-	147
CFO LTM	193	279	-	-	402	-	279
CFO 3Y Avg	207	262	-	-	-	-	235

Growth & Margins

	KLC	LOPE	FCHL	GV	MH	MKTR	Median
Name	KinderCa.	Grand Ca.	Fitness .	Visionary	McGraw H.	Monkey T.
Rev Chg LTM	2.2%	7.0%	-	-	3.2%	-	3.2%
Rev Chg 3Y Avg	16.7%	6.5%	-	-	4.3%	-	6.5%
Rev Chg Q	0.8%	9.6%	-	-	-2.8%	-	0.8%
QoQ Delta Rev Chg LTM	0.2%	2.1%	-	-	-0.9%	-	0.2%
Op Mgn LTM	2.4%	27.2%	-	-	14.5%	-	14.5%
Op Mgn 3Y Avg	9.0%	26.6%	-	-	11.1%	-	11.1%
QoQ Delta Op Mgn LTM	-1.0%	0.1%	-	-	-0.9%	-	-0.9%
CFO/Rev LTM	7.2%	25.6%	-	-	19.2%	-	19.2%
CFO/Rev 3Y Avg	8.6%	25.8%	-	-	-	-	17.2%
FCF/Rev LTM	2.2%	22.2%	-	-	10.6%	-	10.6%
FCF/Rev 3Y Avg	3.1%	21.8%	-	-	-	-	12.4%

Valuation

	KLC	LOPE	FCHL	GV	MH	MKTR	Median
Name	KinderCa.	Grand Ca.	Fitness .	Visionary	McGraw H.	Monkey T.
Mkt Cap	0.5	4.3	-	-	3.1	-	3.1
P/S	0.2	5.6	-	-	1.5	-	1.5
P/EBIT	7.8	19.2	-	-	10.2	-	10.2
P/E	-7.4	28.8	-	-	-29.9	-	-7.4
P/CFO	2.6	21.8	-	-	7.7	-	7.7
Total Yield	-13.6%	3.5%	-	-	-3.3%	-	-3.3%
Dividend Yield	0.0%	0.0%	-	-	0.0%	-	0.0%
FCF Yield 3Y Avg	-	5.1%	-	-	-	-	5.1%
D/E	4.9	0.0	-	-	0.9	-	0.9
Net D/E	4.6	-0.0	-	-	0.8	-	0.8

Returns

	KLC	LOPE	FCHL	GV	MH	MKTR	Median
Name	KinderCa.	Grand Ca.	Fitness .	Visionary	McGraw H.	Monkey T.
1M Rtn	-21.5%	-7.7%	-17.7%	-3.4%	48.3%	-	-7.7%
3M Rtn	-42.2%	-24.9%	-92.6%	-7.2%	12.2%	-	-24.9%
6M Rtn	-61.7%	-21.0%	-	-32.1%	-	-	-32.1%
12M Rtn	-80.5%	-8.6%	-	2.2%	-	-	-8.6%
3Y Rtn	-	44.4%	-	-85.4%	-	-	-20.5%
1M Excs Rtn	-23.8%	-15.1%	-16.9%	-8.9%	53.2%	-	-15.1%
3M Excs Rtn	-48.2%	-31.1%	-98.8%	-11.1%	6.1%	-	-31.1%
6M Excs Rtn	-76.2%	-35.5%	-	-46.6%	-	-	-46.6%
12M Excs Rtn	-94.3%	-21.4%	-	-17.6%	-	-	-21.4%
3Y Excs Rtn	-	-32.7%	-	-153.6%	-	-	-93.2%

Financials

Annual
Quarterly

$ Mil \| FY: 12/28	LTM	2024	2023	2022	2021	2020	2019
Period End	9/27/2025	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019
Filing Date	11/12/2025	3/21/2025	10/9/2024	3/21/2025	3/9/2022	11/8/2021	3/9/2022
Key Financials
Total Revenue	2,692	2,663	2,510	2,166	1,808	1,367	1,876
EBITDA	188	210	392	478	295	18	165
Operating Income	65	90	289	405	220	-32	87
Net Income	-69	-93	103	219	88	-129	-29
EPS	-0.62	-0.96	1.13	2.43	0.98	-1.43	-0.32
Growth Rates
Total Revenue Growth	2.2%	6.1%	15.9%	19.8%	32.3%	-27.1%	12.0%
EBITDA Growth	-45.7%	-46.4%	-18.0%	61.7%	1498.4%	-88.8%	16.0%
Operating Income Growth	-71.8%	-68.9%	-28.7%	84.3%	790.1%	-136.5%	40.2%
Net Income Growth	-224.7%	-190.5%	-53.2%	147.9%	168.3%	-344.4%	20.0%
Margins
EBITDA Margin	7.0%	7.9%	15.6%	22.1%	16.3%	1.4%	8.8%
Operating Income Margin	2.4%	3.4%	11.5%	18.7%	12.2%	-2.3%	4.7%
Net Income Margin	-2.6%	-3.5%	4.1%	10.1%	4.9%	-9.5%	-1.6%
Cash & Debt
Total Cash	175	62	156	105	177	53	40
Total Debt	2,517	2,392	2,693	2,858	2,886	2,850	2,749
Net Debt / (Cash)	2,342	2,330	2,537	2,753	2,709	2,797	2,709
Cash Flows
Net Cash from Operations	193	116	304	342	183	14	117
Free Cash from Operations	60	-16	174	202	116	-35	23
Returns to Shareholders
Dividends	0	320	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	73	-0	-0	-0

$ Mil \| FY: 12/28	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2022Q4	2022Q1	2021Q4
Period End	9/27/2025	6/28/2025	3/29/2025	12/28/2024	9/30/2024	6/29/2024	3/30/2024	12/30/2023	9/28/2023	12/31/2022	4/2/2022	1/1/2022
Filing Date	11/12/2025	8/12/2025	5/13/2025	3/21/2025	11/21/2024	10/9/2024	5/13/2025	10/9/2024	11/21/2024	3/21/2025	5/9/2022	3/9/2022
Key Financials Quarterly
Total Revenue	677	700	668	647	671	690	655	618	624	575	498	476
Ebitda	61	104	79	-57	87	112	68	79	87	100	135	105
Operating Income	30	71	50	-86	56	82	38	55	60	79	120	86
Net Income	5	39	21	-134	14	29	-2	15	16	36	72	47
EPS	0.04	0.33	0.18	-1.17	0.12	0.25	-0.02	0.16	0.18	0.39	0.79	0.52
Key Financials TTM
Total Revenue TTM	2,692	2,687	2,677	2,663	2,634	2,587	2,472	2,315	2,173	2,023	1,905	1,808
Ebitda TTM	188	214	221	210	346	345	333	400	427	427	412	295
Operating Income TTM	65	91	102	90	231	236	232	314	345	354	341	220
Net Income TTM	-69	-60	-70	-93	56	58	65	138	170	184	179	88
Growth Rates Quarterly
Total Revenue Growth	0.8%	1.5%	2.1%	4.7%	7.5%	19.9%	31.6%	30.0%	31.4%	25.9%	24.3%	24.7%
EBITDA Growth	-29.7%	-7.0%	17.1%	-172.2%	0.6%	12.0%	-50.0%	-25.2%	-0.0%	17.5%	642.2%	911.7%
Operating Income Growth	-46.7%	-13.6%	32.6%	-255.7%	-8.0%	4.2%	-68.3%	-36.0%	-12.4%	19.5%	8507.1%	860.5%
Net Income Growth	-67.4%	35.2%	1308.3%	-1000.9%	-13.0%	-19.7%	-102.4%	-68.4%	-47.0%	16.2%	469.2%	245.0%
Margins Quarterly
EBITDA Margin	9.1%	14.9%	11.8%	-8.8%	13.0%	16.2%	10.3%	12.8%	13.9%	17.4%	27.1%	22.2%
Operating Income Margin	4.4%	10.1%	7.5%	-13.3%	8.3%	11.9%	5.8%	8.9%	9.7%	13.7%	24.1%	18.1%
Net Income Margin	0.7%	5.5%	3.2%	-20.6%	2.1%	4.1%	-0.3%	2.4%	2.6%	6.2%	14.4%	9.9%
Cash & Debt
Total Cash	175	119	131	62	137	96	-	156	-	105	311	177
Total Debt	2,517	2,470	2,398	2,392	2,972	2,988	0	2,693	0	2,858	2,863	2,886
Net Debt / (Cash)	2,342	2,351	2,267	2,330	2,835	2,892	-	2,537	-	2,753	2,552	2,709
Cash Flows Quarterly
FCF from Operations	101	35	98	-41	87	6	64	-4	71	24	159	22
Cash Flows TTM
FCF from Operations TTM	193	179	150	116	153	136	154	250	276	298	334	183
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	320	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	2.7%	6.5%	4.7%	-10.5%	5.9%	8.1%	-	7.6%	-	8.6%	12.2%	8.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	2.0%	2.9%	3.3%	2.8%	6.2%	6.1%	-	8.8%	-	8.8%	8.6%	5.3%

Price Behavior

Price Behavior

Market Price	$4.32
Market Cap ($ Bil)	0.5
First Trading Date	10/09/2024
Distance from 52W High	-80.5%
	50 Days	200 Days
DMA Price	$9.32	$23.91
DMA Trend	down	down
Distance from DMA	-53.6%	-81.9%
	3M	1YR
Volatility	65.9%	61.8%
Downside Capture	346.63	207.52
Upside Capture	-7.92	18.62
Correlation (SPY)	35.1%	37.8%

KLC Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.93	1.88	1.97	2.03	1.20	-0.03
Up Beta	-2.84	-0.49	0.43	2.54	0.99	-0.37
Down Beta	4.71	3.98	3.73	3.15	1.41	-0.66
Up Capture	-13%	-41%	-26%	-37%	8%	0%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	8	17	26	48	104	123
Down Capture	407%	290%	281%	260%	146%	95%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	12	25	37	75	142	159

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

1Y 5Y 10Y

Based On 1-Year Data

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Based On 5-Year Data

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Based On 10-Year Data

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Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	2,423,752
Short Interest: % Change Since 10312025	8.5%
Average Daily Volume	1,461,423
Days-to-Cover Short Interest	1.66
Basic Shares Quantity	118,353,000
Short % of Basic Shares	2.0%

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/12/2025	-19.2%	-26.4%
8/12/2025	-22.3%	-26.9%	-21.9%
3/20/2025	-22.2%	-28.1%	-37.6%
11/20/2024	-15.0%	2.1%	-22.9%
SUMMARY STATS
# Positive	0	1	0
# Negative	4	3	4
Median Positive		2.1%
Median Negative	-20.7%	-26.9%	-22.9%
Max Positive		2.1%
Max Negative	-22.3%	-28.1%	-37.6%

	Forward Returns
11/12/2025	-19.2%	-26.4%
8/12/2025	-22.3%	-26.9%	-21.9%
3/20/2025	-22.2%	-28.1%	-37.6%
11/20/2024	-15.0%	2.1%	-22.9%
SUMMARY STATS
# Positive	0	1	0
# Negative	4	3	4
Median Positive		2.1%
Median Negative	-20.7%	-26.9%	-22.9%
Max Positive		2.1%
Max Negative	-22.3%	-28.1%	-37.6%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11122025	10-Q 9/27/2025
6302025	8122025	10-Q 6/28/2025
3312025	5132025	10-Q 3/29/2025
12312024	3212025	10-K 12/28/2024
9302024	11212024	10-Q 9/30/2024
12312023	10092024	424B4 12/30/2023
9302022	11102022	S-1/A 10/1/2022
3312022	5092022	S-1/A 4/2/2022
12312021	3092022	S-1/A 1/1/2022
6302021	10182021	S-1 7/3/2021
12312020	11082021	S-1/A 1/2/2021

External Quote Links

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2	SeekingAlpha	ValueLine
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4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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KinderCare Learning Companies (KLC)

Market Price (12/8/2025): $4.32 | Market Cap: $511.3 MilSector: Consumer Discretionary | Industry: Education Services

KinderCare Learning Companies (KLC)

Market Price (12/8/2025): $4.32Market Cap: $511.3 MilSector: Consumer DiscretionaryIndustry: Education Services

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Market Price (12/8/2025): $4.32 | Market Cap: $511.3 Mil
Sector: Consumer Discretionary | Industry: Education Services

Market Price (12/8/2025): $4.32
Market Cap: $511.3 Mil
Sector: Consumer Discretionary
Industry: Education Services