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Side-by-side financial comparison of Kyndryl Holdings, Inc. (KD) and ManpowerGroup Inc. (MAN). Click either name above to swap in a different company.
ManpowerGroup Inc. is the larger business by last-quarter revenue ($4.7B vs $3.9B, roughly 1.2× Kyndryl Holdings, Inc.). Kyndryl Holdings, Inc. runs the higher net margin — 1.5% vs 0.6%, a 0.8% gap on every dollar of revenue. On growth, ManpowerGroup Inc. posted the faster year-over-year revenue change (7.1% vs 3.1%). Kyndryl Holdings, Inc. produced more free cash flow last quarter ($208.0M vs $168.0M). Over the past eight quarters, ManpowerGroup Inc.'s revenue compounded faster (3.5% CAGR vs 0.1%).
Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider, headquartered in New York City and created from the spin-off of IBM's infrastructure services business in 2021. The company designs, builds, manages and develops large-scale information systems. The company also has business advisory services. It is currently the world's largest IT infrastructure services provider, and the fifth-largest consulting provider.
ManpowerGroup is an American multinational corporation headquartered in Milwaukee, Wisconsin. Founded in 1948 by Elmer Winter and Aaron Scheinfeld, ManpowerGroup is the third-largest staffing firm in the world behind Swiss firm Adecco and Dutch firm Randstad NV. The company provides administrative & support services, professional services, and business services through its four primary brands: Manpower, Experis, Right Management, and ManpowerGroup Solutions.
KD vs MAN — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $4.7B |
| Net Profit | $57.0M | $30.2M |
| Gross Margin | 21.8% | 16.3% |
| Operating Margin | 2.4% | 1.7% |
| Net Margin | 1.5% | 0.6% |
| Revenue YoY | 3.1% | 7.1% |
| Net Profit YoY | -73.5% | 34.2% |
| EPS (diluted) | $0.25 | $0.65 |
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 | $3.9B | $4.7B | ||
| Q3 25 | $3.7B | $4.6B | ||
| Q2 25 | $3.7B | $4.5B | ||
| Q1 25 | $3.8B | $4.1B | ||
| Q4 24 | $3.7B | $4.4B | ||
| Q3 24 | $3.8B | $4.5B | ||
| Q2 24 | $3.7B | $4.5B | ||
| Q1 24 | $3.9B | $4.4B |
| Q4 25 | $57.0M | $30.2M | ||
| Q3 25 | $68.0M | $18.0M | ||
| Q2 25 | $56.0M | $-67.1M | ||
| Q1 25 | $69.0M | $5.6M | ||
| Q4 24 | $215.0M | $22.5M | ||
| Q3 24 | $-43.0M | $22.8M | ||
| Q2 24 | $11.0M | $60.1M | ||
| Q1 24 | $-45.0M | $39.7M |
| Q4 25 | 21.8% | 16.3% | ||
| Q3 25 | 21.5% | 16.6% | ||
| Q2 25 | 21.3% | 16.9% | ||
| Q1 25 | 21.7% | 17.1% | ||
| Q4 24 | 20.4% | 17.2% | ||
| Q3 24 | 19.9% | 17.3% | ||
| Q2 24 | 21.5% | 17.4% | ||
| Q1 24 | 18.6% | 17.3% |
| Q4 25 | 2.4% | 1.7% | ||
| Q3 25 | 2.6% | 1.4% | ||
| Q2 25 | 2.5% | -0.6% | ||
| Q1 25 | 3.1% | 0.7% | ||
| Q4 24 | 6.9% | 1.6% | ||
| Q3 24 | -0.1% | 1.6% | ||
| Q2 24 | 1.7% | 2.2% | ||
| Q1 24 | -0.1% | 1.5% |
| Q4 25 | 1.5% | 0.6% | ||
| Q3 25 | 1.8% | 0.4% | ||
| Q2 25 | 1.5% | -1.5% | ||
| Q1 25 | 1.8% | 0.1% | ||
| Q4 24 | 5.7% | 0.5% | ||
| Q3 24 | -1.1% | 0.5% | ||
| Q2 24 | 0.3% | 1.3% | ||
| Q1 24 | -1.2% | 0.9% |
| Q4 25 | $0.25 | $0.65 | ||
| Q3 25 | $0.29 | $0.38 | ||
| Q2 25 | $0.23 | $-1.44 | ||
| Q1 25 | $0.30 | $0.12 | ||
| Q4 24 | $0.89 | $0.49 | ||
| Q3 24 | $-0.19 | $0.47 | ||
| Q2 24 | $0.05 | $1.24 | ||
| Q1 24 | $-0.19 | $0.81 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $871.0M |
| Total DebtLower is stronger | $2.3B | $1.1B |
| Stockholders' EquityBook value | $1.2B | $2.1B |
| Total Assets | $11.3B | $9.2B |
| Debt / EquityLower = less leverage | 1.92× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $871.0M | ||
| Q3 25 | $1.3B | $274.6M | ||
| Q2 25 | $1.5B | $289.8M | ||
| Q1 25 | $1.8B | $395.0M | ||
| Q4 24 | $1.5B | $509.4M | ||
| Q3 24 | $1.3B | $410.9M | ||
| Q2 24 | $1.3B | $468.9M | ||
| Q1 24 | $1.6B | $604.8M |
| Q4 25 | $2.3B | $1.1B | ||
| Q3 25 | $3.0B | $468.3M | ||
| Q2 25 | $3.0B | $470.3M | ||
| Q1 25 | $3.0B | $971.4M | ||
| Q4 24 | $3.1B | $929.4M | ||
| Q3 24 | $3.1B | $999.7M | ||
| Q2 24 | $3.1B | $961.7M | ||
| Q1 24 | $3.1B | $968.9M |
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | $1.2B | $2.1B | ||
| Q4 24 | $1.1B | $2.1B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $996.0M | $2.1B | ||
| Q1 24 | $1.0B | $2.2B |
| Q4 25 | $11.3B | $9.2B | ||
| Q3 25 | $11.2B | $8.4B | ||
| Q2 25 | $11.5B | $8.5B | ||
| Q1 25 | $10.5B | $8.0B | ||
| Q4 24 | $9.9B | $8.2B | ||
| Q3 24 | $10.4B | $8.5B | ||
| Q2 24 | $10.2B | $8.5B | ||
| Q1 24 | $10.6B | $8.5B |
| Q4 25 | 1.92× | 0.51× | ||
| Q3 25 | 2.45× | 0.23× | ||
| Q2 25 | 2.44× | 0.24× | ||
| Q1 25 | 2.50× | 0.46× | ||
| Q4 24 | 2.81× | 0.44× | ||
| Q3 24 | 2.92× | 0.46× | ||
| Q2 24 | 3.12× | 0.45× | ||
| Q1 24 | 3.07× | 0.45× |
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 | $428.0M | $178.9M |
| Free Cash FlowOCF − Capex | $208.0M | $168.0M |
| FCF MarginFCF / Revenue | 5.4% | 3.6% |
| Capex IntensityCapex / Revenue | 5.7% | 0.2% |
| Cash ConversionOCF / Net Profit | 7.51× | 5.92× |
| TTM Free Cash FlowTrailing 4 quarters | $299.0M | $-161.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $428.0M | $178.9M | ||
| Q3 25 | $146.0M | $59.8M | ||
| Q2 25 | $-124.0M | $-189.6M | ||
| Q1 25 | $581.0M | $-153.2M | ||
| Q4 24 | $260.0M | $247.6M | ||
| Q3 24 | $149.0M | $83.5M | ||
| Q2 24 | $-48.0M | $-137.9M | ||
| Q1 24 | $145.0M | $116.0M |
| Q4 25 | $208.0M | $168.0M | ||
| Q3 25 | $17.0M | $44.7M | ||
| Q2 25 | $-267.0M | $-207.2M | ||
| Q1 25 | $341.0M | $-166.9M | ||
| Q4 24 | $151.0M | $236.3M | ||
| Q3 24 | $15.0M | $67.4M | ||
| Q2 24 | $-170.0M | $-149.8M | ||
| Q1 24 | $-57.0M | $104.2M |
| Q4 25 | 5.4% | 3.6% | ||
| Q3 25 | 0.5% | 1.0% | ||
| Q2 25 | -7.1% | -4.6% | ||
| Q1 25 | 9.0% | -4.1% | ||
| Q4 24 | 4.0% | 5.4% | ||
| Q3 24 | 0.4% | 1.5% | ||
| Q2 24 | -4.5% | -3.3% | ||
| Q1 24 | -1.5% | 2.4% |
| Q4 25 | 5.7% | 0.2% | ||
| Q3 25 | 3.5% | 0.3% | ||
| Q2 25 | 3.8% | 0.4% | ||
| Q1 25 | 6.3% | 0.3% | ||
| Q4 24 | 2.9% | 0.3% | ||
| Q3 24 | 3.6% | 0.4% | ||
| Q2 24 | 3.3% | 0.3% | ||
| Q1 24 | 5.2% | 0.3% |
| Q4 25 | 7.51× | 5.92× | ||
| Q3 25 | 2.15× | 3.32× | ||
| Q2 25 | -2.21× | — | ||
| Q1 25 | 8.42× | -27.36× | ||
| Q4 24 | 1.21× | 11.00× | ||
| Q3 24 | — | 3.66× | ||
| Q2 24 | -4.36× | -2.29× | ||
| Q1 24 | — | 2.92× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KD
| Principal Markets Segment | $1.4B | 37% |
| United States Segment | $958.0M | 25% |
| Strategic Markets Segment | $905.0M | 23% |
| Other | $568.0M | 15% |
MAN
| Other | $2.4B | 52% |
| Transferred Over Time | $1.1B | 24% |
| Staffingand Interim | $1.0B | 22% |
| Productsand Services Other | $50.8M | 1% |
| Permanent Recruitment | $37.5M | 1% |
| Outcome Based Solutionsand Consulting | $20.7M | 0% |
| Transferred At Point In Time | $20.4M | 0% |
