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Side-by-side financial comparison of BNY Mellon (BK) and KKR & Co. (KKR), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
KKR & Co. is the larger business by last-quarter revenue ($5.7B vs $1.3B, roughly 4.3× BNY Mellon). BNY Mellon runs the higher net margin — 108.5% vs 20.0%, a 88.6% gap on every dollar of revenue. On growth, KKR & Co. posted the faster year-over-year revenue change (76.1% vs 12.7%). Over the past eight quarters, BNY Mellon's revenue compounded faster (13.8% CAGR vs -22.9%).
The Bank of New York Mellon Corporation, commonly known as BNY or by its prior brand name BNY Mellon, is an American international financial services company headquartered in New York City. It was established in its current form in July 2007 by the merger of the Bank of New York and Mellon Financial Corporation.
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global private equity and investment company. As of December 31, 2024, the firm had completed 770 private-equity investments with approximately $790 billion of total enterprise value. Its assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively.
BK vs KKR — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $5.7B |
| Net Profit | $1.5B | $1.1B |
| Gross Margin | — | — |
| Operating Margin | — | 45.3% |
| Net Margin | 108.5% | 20.0% |
| Revenue YoY | 12.7% | 76.1% |
| Net Profit YoY | 26.5% | 1.8% |
| EPS (diluted) | $2.01 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $1.3B | $5.7B | ||
| Q3 25 | $1.2B | $5.5B | ||
| Q2 25 | $1.2B | $5.1B | ||
| Q1 25 | $1.2B | $3.1B | ||
| Q4 24 | $1.2B | $3.3B | ||
| Q3 24 | $1.0B | $4.8B | ||
| Q2 24 | $1.0B | $4.2B | ||
| Q1 24 | $1.0B | $9.7B |
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.4B | $900.4M | ||
| Q2 25 | $1.4B | $510.1M | ||
| Q1 25 | $1.2B | $-185.9M | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.2B | $600.5M | ||
| Q2 24 | $1.2B | $667.9M | ||
| Q1 24 | $1.0B | $682.2M |
| Q4 25 | — | 45.3% | ||
| Q3 25 | — | 39.8% | ||
| Q2 25 | — | 30.0% | ||
| Q1 25 | — | 24.8% | ||
| Q4 24 | — | 50.4% | ||
| Q3 24 | — | 34.3% | ||
| Q2 24 | — | 29.0% | ||
| Q1 24 | — | 14.1% |
| Q4 25 | 108.5% | 20.0% | ||
| Q3 25 | 116.9% | 16.3% | ||
| Q2 25 | 118.3% | 10.0% | ||
| Q1 25 | 105.3% | -6.0% | ||
| Q4 24 | 96.7% | 34.5% | ||
| Q3 24 | 112.8% | 12.5% | ||
| Q2 24 | 113.4% | 16.0% | ||
| Q1 24 | 98.6% | 7.1% |
| Q4 25 | $2.01 | — | ||
| Q3 25 | $1.88 | — | ||
| Q2 25 | $1.93 | — | ||
| Q1 25 | $1.58 | — | ||
| Q4 24 | $1.53 | — | ||
| Q3 24 | $1.50 | — | ||
| Q2 24 | $1.52 | — | ||
| Q1 24 | $1.25 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.1B | — |
| Total DebtLower is stronger | $31.9B | — |
| Stockholders' EquityBook value | $44.3B | $30.9B |
| Total Assets | $472.3B | $410.1B |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.1B | — | ||
| Q2 25 | $5.7B | — | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $6.2B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $5.3B | — |
| Q4 25 | $31.9B | — | ||
| Q3 25 | $32.3B | — | ||
| Q2 25 | $33.4B | — | ||
| Q1 25 | $30.9B | — | ||
| Q4 24 | $30.9B | — | ||
| Q3 24 | $33.2B | — | ||
| Q2 24 | $30.9B | — | ||
| Q1 24 | $32.4B | — |
| Q4 25 | $44.3B | $30.9B | ||
| Q3 25 | $43.9B | $29.7B | ||
| Q2 25 | $44.0B | $28.2B | ||
| Q1 25 | $43.1B | $27.5B | ||
| Q4 24 | $41.3B | $23.7B | ||
| Q3 24 | $42.0B | $24.1B | ||
| Q2 24 | $40.8B | $21.7B | ||
| Q1 24 | $40.6B | $21.4B |
| Q4 25 | $472.3B | $410.1B | ||
| Q3 25 | $455.3B | $398.5B | ||
| Q2 25 | $485.8B | $380.9B | ||
| Q1 25 | $440.7B | $372.4B | ||
| Q4 24 | $416.1B | $360.1B | ||
| Q3 24 | $427.5B | $360.7B | ||
| Q2 24 | $428.5B | $348.5B | ||
| Q1 24 | $434.7B | $339.8B |
| Q4 25 | 0.72× | — | ||
| Q3 25 | 0.74× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.72× | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.80× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.2B | $-4.9B |
| Free Cash FlowOCF − Capex | $4.7B | — |
| FCF MarginFCF / Revenue | 352.8% | — |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 32.4% | — |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 3.55× | -4.28× |
| TTM Free Cash FlowTrailing 4 quarters | $5.2B | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $5.2B | $-4.9B | ||
| Q3 25 | $-1.1B | $2.4B | ||
| Q2 25 | $2.2B | $438.8M | ||
| Q1 25 | $412.0M | $2.5B | ||
| Q4 24 | $1.6B | $-111.7M | ||
| Q3 24 | $-312.0M | $1.9B | ||
| Q2 24 | $2.1B | $3.4B | ||
| Q1 24 | $-2.7B | $1.5B |
| Q4 25 | $4.7B | — | ||
| Q3 25 | $-1.5B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $92.0M | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $-687.0M | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $-3.0B | — |
| Q4 25 | 352.8% | — | ||
| Q3 25 | -121.5% | — | ||
| Q2 25 | 152.8% | — | ||
| Q1 25 | 7.9% | — | ||
| Q4 24 | 95.2% | — | ||
| Q3 24 | -65.6% | — | ||
| Q2 24 | 169.6% | — | ||
| Q1 24 | -286.4% | — |
| Q4 25 | 32.4% | — | ||
| Q3 25 | 35.4% | — | ||
| Q2 25 | 29.8% | — | ||
| Q1 25 | 27.6% | — | ||
| Q4 24 | 34.6% | — | ||
| Q3 24 | 35.8% | — | ||
| Q2 24 | 37.1% | — | ||
| Q1 24 | 28.7% | — |
| Q4 25 | 3.55× | -4.28× | ||
| Q3 25 | -0.74× | 2.65× | ||
| Q2 25 | 1.54× | 0.86× | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 1.34× | -0.10× | ||
| Q3 24 | -0.26× | 3.12× | ||
| Q2 24 | 1.82× | 5.03× | ||
| Q1 24 | -2.61× | 2.24× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
BK
Segment breakdown not available.
KKR
| Insurance Segment | $3.5B | 61% |
| Asset Management1 | $703.7M | 12% |
| Transaction Fee | $512.0M | 9% |
| Transaction And Monitoring Fees | $268.7M | 5% |
| Fee Credit | $230.1M | 4% |
| Other | $201.5M | 4% |
| Fixed Annuity | $77.0M | 1% |
| Asset Management Segment | $56.9M | 1% |
| Monitoring Fee | $53.5M | 1% |
| Investment Advice | $40.6M | 1% |
| Fee Related Performance | $33.6M | 1% |
| Interest Sensitive Life | $21.7M | 0% |
| Incentive Fee | $11.0M | 0% |
