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Kyndryl Holdings Valuation Multiples

Discover Kyndryl Holdings' revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Matrix IT, Biprogy, Tata Elxsi, Dentsu Soken and more.

Kyndryl Holdings Overview

About Kyndryl Holdings

Kyndryl Holdings Inc is a technology services and infrastructure services provider company. It provides advisory, implementation, and managed services across a range of technology domains to help customers manage and modernize enterprise IT environments in support of their business and transformation objectives. The company's reportable segments consist of the following: Principal Markets which represents its operations in operations in Australia / New Zealand, Canada, France, Germany, India, Italy, Spain, Portugal, and the United Kingdom / Ireland, United States, Japan, and Strategic Markets. It derives maximum revenue from the United States.


Founded

2020

HQ

United States

Employees

73.0K

Financials (LTM)

Revenue: $15B
EBITDA: $3B

EV

$5B

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Kyndryl Holdings Financials

Kyndryl Holdings reported last 12-month revenue of $15B and EBITDA of $3B.

In the same LTM period, Kyndryl Holdings generated $3B in gross profit, $3B in EBITDA, and $230M in net income.

Revenue (LTM)


Kyndryl Holdings P&L

In the most recent fiscal year, Kyndryl Holdings reported revenue of $15B and EBITDA of $3B.

Kyndryl Holdings is profitable as of last fiscal year, with gross margin of 22%, EBITDA margin of 18%, and net margin of 1%.

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LTMLast FY202320242025202620272028
Revenue$15B$15B$16B$15B$15B
Gross Profit$3B$3B$3B$3B$3B
Gross Margin22%22%17%20%22%
EBITDA$3B$3B$1B$1B$2B
EBITDA Margin18%18%6%9%10%
EBIT Margin4%4%(0%)3%4%
Net Profit$230M$198M($599M)$104M$212M
Net Margin2%1%(4%)1%1%
Net Debt-$1B---

Financial data powered by Morningstar, Inc.

Kyndryl Holdings Stock Performance

Kyndryl Holdings has current market cap of $3B, and enterprise value of $5B.

Market Cap Evolution


Kyndryl Holdings' stock price is $11.70.

Kyndryl Holdings share price decreased by 6.2% in the last 30 days, and by 72.1% in the last year.

Kyndryl Holdings has an EPS (earnings per share) of $0.90.

See more trading valuation data for Kyndryl Holdings
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$5B$3B3.7%-6.2%-10.8%-72.1%$0.90

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Kyndryl Holdings Valuation Multiples

Kyndryl Holdings trades at 0.3x EV/Revenue multiple, and 1.8x EV/EBITDA.

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EV / Revenue (LTM)


Kyndryl Holdings Financial Valuation Multiples

As of June 13, 2026, Kyndryl Holdings has market cap of $3B and EV of $5B.

Kyndryl Holdings has a P/E ratio of 11.2x.

LTMLast FY202320242025202620272028
EV/Revenue0.3x0.3x0.3x0.3x0.3x
EV/EBITDA1.8x1.8x4.9x3.4x3.1x
EV/EBIT7.8x7.7x(169.2x)11.2x8.0x
EV/Gross Profit1.5x1.5x1.8x1.6x1.5x
P/E11.2x13.0x(4.3x)24.7x12.2x
EV/FCF11.7x12.1x(29.1x)24.1x14.5x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Kyndryl Holdings Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Kyndryl Holdings Margins & Growth Rates

Kyndryl Holdings decreased revenue by 1% and EBITDA by 1% in the last fiscal year.

In the most recent fiscal year, Kyndryl Holdings reported gross margin of 22%, EBITDA margin of 18%, and net margin of 1%.

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Kyndryl Holdings Margins

Last FY202420252026202720282029
Gross Margin22%20%22%23%
EBITDA Margin18%9%10%16%
EBIT Margin4%3%4%5%
Net Margin1%1%1%2%
FCF Margin3%1%2%3%

Kyndryl Holdings Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(1%)(6%)(1%)(1%)
Gross Profit Growth4%11%6%4%
EBITDA Growth(1%)44%9%52%
EBIT Growth10%(1605%)41%11%
Net Profit Growth81%(117%)103%50%
FCF Growth17%(221%)67%31%

Data powered by FactSet, Inc. and Morningstar, Inc.

Kyndryl Holdings Operational KPIs

Kyndryl Holdings' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.

Kyndryl Holdings' Rule of 40 is 15% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Kyndryl Holdings' Rule of X is 14% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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LTMLast FY202320242025202620272028
Rule of 4017%15%---
Bessemer Rule of X16%14%---
Revenue per Employee-$0.2M---
Opex per Employee-$0.0M---
Opex to Revenue-18%17%17%17%

Data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Kyndryl Holdings Competitors

Kyndryl Holdings competitors include Matrix IT, Biprogy, Tata Elxsi, Dentsu Soken, Tieto, Netweb Technologies India, OBIC Business Consultants, Alten, Guangdong Aofei Data and Posco DX.

Most Kyndryl Holdings public comparables operate across IT Consulting.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Matrix IT1.3x-11.2x-
Biprogy1.1x1.0x7.8x7.1x
Tata Elxsi6.2x6.1x25.5x26.3x
Dentsu Soken2.3x2.2x13.6x13.3x
Tieto1.4x1.5x7.2x9.1x
Netweb Technologies India11.7x10.0x85.0x75.3x
OBIC Business Consultants6.9x6.1x14.5x12.9x
Alten0.5x0.5x4.7x4.6x

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Acquisitions by Kyndryl Holdings

Kyndryl Holdings has acquired 2 companies to date.

Last acquisition by Kyndryl Holdings was on November 5th 2025. Kyndryl Holdings acquired Solvinity for undisclosed valuation.

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Latest Acquisitions by Kyndryl Holdings

Solvinity
Skytap
Description
Solvinity is a Dronten-headquartered provider of secure cloud infrastructure, managed hosting, and cybersecurity services for regulated industries such as government, healthcare, and finance. The company operates multiple data centers across the Netherlands, including facilities in Dronten and Delft, to deliver compliant, scalable IT environments adhering to standards like ISO 27001, NEN 7510, and BIO. Solvinity supports over 1,000 clients with 24/7 monitoring through its Network Operations Center, enabling continuous online operations and data sovereignty within the European Union.
Seattle-headquartered Skytap is a cloud platform enabling enterprises to modernize legacy applications for hybrid cloud environments. The service supports VMware migrations to AWS and Azure, providing self-service virtual labs for development teams at companies like Boeing and Siemens. Founded in 2007, Skytap delivers on-demand infrastructure for continuous integration and testing, reducing deployment times from months to weeks.
HQ CountryNetherlandsUnited States
HQ City
Hilversum
Seattle, WA
Deal Date5 Nov 202513 May 2024
Valuationundisclosed$51M
EV/Revenue
EV/EBITDA

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About Kyndryl Holdings

When was Kyndryl Holdings founded?Kyndryl Holdings was founded in 2020.
Where is Kyndryl Holdings headquartered?Kyndryl Holdings is headquartered in United States.
How many employees does Kyndryl Holdings have?As of today, Kyndryl Holdings has over 73K employees.
Who is the CEO of Kyndryl Holdings?Kyndryl Holdings' CEO is Martin J. Schroeter.
Is Kyndryl Holdings publicly listed?Yes, Kyndryl Holdings is a public company listed on NYSE.
What is the stock symbol of Kyndryl Holdings?Kyndryl Holdings trades under KD ticker.
When did Kyndryl Holdings go public?Kyndryl Holdings went public in 2021.
Who are competitors of Kyndryl Holdings?Kyndryl Holdings main competitors include Matrix IT, Biprogy, Tata Elxsi, Dentsu Soken, Tieto, Netweb Technologies India, OBIC Business Consultants, Alten, Guangdong Aofei Data, Posco DX.
What is the current market cap of Kyndryl Holdings?Kyndryl Holdings' current market cap is $3B.
What is the current revenue of Kyndryl Holdings?Kyndryl Holdings' last 12 months revenue is $15B.
What is the current revenue growth of Kyndryl Holdings?Kyndryl Holdings revenue growth (NTM/LTM) is (1%).
What is the current EV/Revenue multiple of Kyndryl Holdings?Current revenue multiple of Kyndryl Holdings is 0.3x.
What is the current EBITDA of Kyndryl Holdings?Kyndryl Holdings' last 12 months EBITDA is $3B.
What is Kyndryl Holdings' EBITDA margin?Kyndryl Holdings' last 12 months EBITDA margin is 18%.
What is the current EV/EBITDA multiple of Kyndryl Holdings?Current EBITDA multiple of Kyndryl Holdings is 1.8x.
What is the current FCF of Kyndryl Holdings?Kyndryl Holdings' last 12 months FCF is $420M.
What is Kyndryl Holdings' FCF margin?Kyndryl Holdings' last 12 months FCF margin is 3%.
What is the current EV/FCF multiple of Kyndryl Holdings?Current FCF multiple of Kyndryl Holdings is 11.7x.
How many companies Kyndryl Holdings has acquired to date?As of June 2026, Kyndryl Holdings has acquired 2 companies.
What was the largest acquisition by Kyndryl Holdings?$51M acquisition of Skytap on 13th May 2024 was the largest M&A Kyndryl Holdings has done to date.
What companies Kyndryl Holdings acquired?Kyndryl Holdings acquired Skytap and Solvinity.
In how many companies Kyndryl Holdings has invested to date?Kyndryl Holdings hasn't invested in any companies yet (or none have been disclosed publicly).

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