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Side-by-side financial comparison of BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) and KinderCare Learning Companies, Inc. (KLC). Click either name above to swap in a different company.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. is the larger business by last-quarter revenue ($733.7M vs $676.8M, roughly 1.1× KinderCare Learning Companies, Inc.). On growth, BRIGHT HORIZONS FAMILY SOLUTIONS INC. posted the faster year-over-year revenue change (8.8% vs 0.8%). BRIGHT HORIZONS FAMILY SOLUTIONS INC. produced more free cash flow last quarter ($258.5M vs $62.6M). Over the past eight quarters, BRIGHT HORIZONS FAMILY SOLUTIONS INC.'s revenue compounded faster (8.5% CAGR vs 0.4%).
Bright Horizons Family Solutions Inc. is a United States–based child-care provider and is the largest provider of employer-sponsored child care. It also provides back-up child care and elder care, tuition program management, education advising, and student loan repayment programs. It is headquartered in Newton, Massachusetts.
KinderCare Learning Centers, LLC is an American operator of for-profit child care and early childhood education facilities founded in 1969 and currently owned by KinderCare Education based in Portland, Oregon. The company provides educational programs for children from six weeks to 12 years old. KinderCare is the third-largest privately held company headquartered in Oregon. In 39 states and the District of Columbia, some 200,000 children are enrolled in more than 1,250 early childhood educati...
BFAM vs KLC — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $733.7M | $676.8M |
| Net Profit | — | $4.5M |
| Gross Margin | 19.3% | — |
| Operating Margin | 6.2% | 3.9% |
| Net Margin | — | 0.7% |
| Revenue YoY | 8.8% | 0.8% |
| Net Profit YoY | — | -67.4% |
| EPS (diluted) | $0.38 | $0.04 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $733.7M | — | ||
| Q3 25 | $802.8M | $676.8M | ||
| Q2 25 | $731.6M | $700.1M | ||
| Q1 25 | $665.5M | $668.2M | ||
| Q4 24 | $674.1M | $647.0M | ||
| Q3 24 | $719.1M | $671.5M | ||
| Q2 24 | $670.1M | — | ||
| Q1 24 | $622.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | $78.6M | $4.5M | ||
| Q2 25 | $54.8M | $38.6M | ||
| Q1 25 | $38.0M | $21.2M | ||
| Q4 24 | — | $-133.6M | ||
| Q3 24 | $54.9M | $14.0M | ||
| Q2 24 | $39.2M | — | ||
| Q1 24 | $17.0M | — |
| Q4 25 | 19.3% | — | ||
| Q3 25 | 27.0% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 21.7% | — |
| Q4 25 | 6.2% | — | ||
| Q3 25 | 15.1% | 3.9% | ||
| Q2 25 | 11.8% | 9.8% | ||
| Q1 25 | 9.4% | 7.3% | ||
| Q4 24 | 7.2% | -13.8% | ||
| Q3 24 | 12.4% | 8.1% | ||
| Q2 24 | 10.3% | — | ||
| Q1 24 | 6.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | 9.8% | 0.7% | ||
| Q2 25 | 7.5% | 5.5% | ||
| Q1 25 | 5.7% | 3.2% | ||
| Q4 24 | — | -20.6% | ||
| Q3 24 | 7.6% | 2.1% | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | 2.7% | — |
| Q4 25 | $0.38 | — | ||
| Q3 25 | $1.37 | $0.04 | ||
| Q2 25 | $0.95 | $0.33 | ||
| Q1 25 | $0.66 | $0.18 | ||
| Q4 24 | $0.50 | $-1.17 | ||
| Q3 24 | $0.94 | $0.15 | ||
| Q2 24 | $0.67 | — | ||
| Q1 24 | $0.29 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $140.1M | $174.7M |
| Total DebtLower is stronger | $747.6M | $930.9M |
| Stockholders' EquityBook value | $1.3B | $931.2M |
| Total Assets | $3.9B | $3.9B |
| Debt / EquityLower = less leverage | 0.56× | 1.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $140.1M | — | ||
| Q3 25 | $116.6M | $174.7M | ||
| Q2 25 | $179.2M | $119.0M | ||
| Q1 25 | $112.0M | $131.3M | ||
| Q4 24 | $110.3M | $62.3M | ||
| Q3 24 | $109.9M | $137.2M | ||
| Q2 24 | $140.2M | — | ||
| Q1 24 | $63.7M | — |
| Q4 25 | $747.6M | — | ||
| Q3 25 | $747.5M | $930.9M | ||
| Q2 25 | $797.0M | $926.5M | ||
| Q1 25 | $872.7M | $927.4M | ||
| Q4 24 | $918.4M | $926.0M | ||
| Q3 24 | $925.7M | $1.5B | ||
| Q2 24 | $931.9M | — | ||
| Q1 24 | $938.1M | — |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.4B | $931.2M | ||
| Q2 25 | $1.4B | $924.3M | ||
| Q1 25 | $1.3B | $884.9M | ||
| Q4 24 | $1.3B | $864.5M | ||
| Q3 24 | $1.4B | $235.6M | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | $3.9B | ||
| Q2 25 | $3.9B | $3.8B | ||
| Q1 25 | $3.8B | $3.7B | ||
| Q4 24 | $3.9B | $3.6B | ||
| Q3 24 | $3.9B | $3.7B | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.8B | — |
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.52× | 1.00× | ||
| Q2 25 | 0.57× | 1.00× | ||
| Q1 25 | 0.66× | 1.05× | ||
| Q4 24 | 0.72× | 1.07× | ||
| Q3 24 | 0.66× | 6.42× | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 0.76× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $350.7M | $100.8M |
| Free Cash FlowOCF − Capex | $258.5M | $62.6M |
| FCF MarginFCF / Revenue | 35.2% | 9.2% |
| Capex IntensityCapex / Revenue | 12.6% | 5.6% |
| Cash ConversionOCF / Net Profit | — | 22.15× |
| TTM Free Cash FlowTrailing 4 quarters | $402.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $350.7M | — | ||
| Q3 25 | $-17.6M | $100.8M | ||
| Q2 25 | $134.2M | — | ||
| Q1 25 | $86.2M | $98.4M | ||
| Q4 24 | $337.5M | — | ||
| Q3 24 | $-8.9M | — | ||
| Q2 24 | $109.4M | — | ||
| Q1 24 | $116.3M | — |
| Q4 25 | $258.5M | — | ||
| Q3 25 | $-42.4M | $62.6M | ||
| Q2 25 | $115.4M | — | ||
| Q1 25 | $70.9M | $75.1M | ||
| Q4 24 | $240.2M | — | ||
| Q3 24 | $-32.2M | — | ||
| Q2 24 | $86.8M | — | ||
| Q1 24 | $96.9M | — |
| Q4 25 | 35.2% | — | ||
| Q3 25 | -5.3% | 9.2% | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 10.7% | 11.2% | ||
| Q4 24 | 35.6% | — | ||
| Q3 24 | -4.5% | — | ||
| Q2 24 | 13.0% | — | ||
| Q1 24 | 15.6% | — |
| Q4 25 | 12.6% | — | ||
| Q3 25 | 3.1% | 5.6% | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 2.3% | 3.5% | ||
| Q4 24 | 14.4% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 3.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | -0.22× | 22.15× | ||
| Q2 25 | 2.45× | — | ||
| Q1 25 | 2.26× | 4.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.16× | — | ||
| Q2 24 | 2.79× | — | ||
| Q1 24 | 6.85× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFAM
Segment breakdown not available.
KLC
| Early Childhood Education Centers | $627.0M | 93% |
| Before And After School Sites | $49.8M | 7% |
