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Side-by-side financial comparison of Kyndryl Holdings, Inc. (KD) and Otis Worldwide (OTIS). Click either name above to swap in a different company.
Kyndryl Holdings, Inc. is the larger business by last-quarter revenue ($3.8B vs $3.6B, roughly 1.1× Otis Worldwide). Otis Worldwide runs the higher net margin — 9.5% vs 0.5%, a 9.1% gap on every dollar of revenue. On growth, Otis Worldwide posted the faster year-over-year revenue change (1.0% vs 0.0%). Kyndryl Holdings, Inc. produced more free cash flow last quarter ($2.0B vs $380.0M). Over the past eight quarters, Kyndryl Holdings, Inc.'s revenue compounded faster (0.4% CAGR vs -0.5%).
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.
Otis Worldwide Corporation styled as OTIS is an American company that develops, manufactures and markets elevators, escalators, moving walkways, and related equipment.
KD vs OTIS — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $3.6B |
| Net Profit | $17.0M | $340.0M |
| Gross Margin | — | — |
| Operating Margin | 3.5% | 15.1% |
| Net Margin | 0.5% | 9.5% |
| Revenue YoY | 0.0% | 1.0% |
| Net Profit YoY | -75.0% | 39.9% |
| EPS (diluted) | $0.08 | $0.87 |
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.
| Q1 26 | $3.8B | $3.6B | ||
| Q4 25 | $3.9B | $3.8B | ||
| Q3 25 | $3.7B | $3.7B | ||
| Q2 25 | $3.7B | $3.6B | ||
| Q1 25 | $3.8B | $3.4B | ||
| Q4 24 | $3.7B | $3.7B | ||
| Q3 24 | $3.8B | $3.5B | ||
| Q2 24 | $3.7B | $3.6B |
| Q1 26 | $17.0M | $340.0M | ||
| Q4 25 | $57.0M | $374.0M | ||
| Q3 25 | $68.0M | $374.0M | ||
| Q2 25 | $56.0M | $393.0M | ||
| Q1 25 | $69.0M | $243.0M | ||
| Q4 24 | $215.0M | $337.0M | ||
| Q3 24 | $-43.0M | $540.0M | ||
| Q2 24 | $11.0M | $415.0M |
| Q1 26 | — | — | ||
| Q4 25 | 21.8% | — | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | 21.7% | — | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 21.5% | — |
| Q1 26 | 3.5% | 15.1% | ||
| Q4 25 | 2.4% | 15.5% | ||
| Q3 25 | 2.6% | 15.9% | ||
| Q2 25 | 2.5% | 15.2% | ||
| Q1 25 | 3.1% | 12.3% | ||
| Q4 24 | 6.9% | 14.4% | ||
| Q3 24 | -0.1% | 10.2% | ||
| Q2 24 | 1.7% | 15.8% |
| Q1 26 | 0.5% | 9.5% | ||
| Q4 25 | 1.5% | 9.9% | ||
| Q3 25 | 1.8% | 10.1% | ||
| Q2 25 | 1.5% | 10.9% | ||
| Q1 25 | 1.8% | 7.3% | ||
| Q4 24 | 5.7% | 9.2% | ||
| Q3 24 | -1.1% | 15.2% | ||
| Q2 24 | 0.3% | 11.5% |
| Q1 26 | $0.08 | $0.87 | ||
| Q4 25 | $0.25 | $0.95 | ||
| Q3 25 | $0.29 | $0.95 | ||
| Q2 25 | $0.23 | $0.99 | ||
| Q1 25 | $0.30 | $0.61 | ||
| Q4 24 | $0.89 | $0.85 | ||
| Q3 24 | $-0.19 | $1.34 | ||
| Q2 24 | $0.05 | $1.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.6B | $834.0M |
| Total DebtLower is stronger | — | $6.9B |
| Stockholders' EquityBook value | — | — |
| Total Assets | — | $10.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.6B | $834.0M | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.3B | $840.0M | ||
| Q2 25 | $1.5B | $688.0M | ||
| Q1 25 | $1.8B | $1.9B | ||
| Q4 24 | $1.5B | $2.3B | ||
| Q3 24 | $1.3B | $827.0M | ||
| Q2 24 | $1.3B | $942.0M |
| Q1 26 | — | $6.9B | ||
| Q4 25 | $2.3B | $7.8B | ||
| Q3 25 | $3.0B | $7.7B | ||
| Q2 25 | $3.0B | $7.2B | ||
| Q1 25 | $3.0B | $8.4B | ||
| Q4 24 | $3.1B | $8.3B | ||
| Q3 24 | $3.1B | $6.9B | ||
| Q2 24 | $3.1B | $6.8B |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $-5.4B | ||
| Q3 25 | $1.2B | $-5.4B | ||
| Q2 25 | $1.2B | $-5.4B | ||
| Q1 25 | $1.2B | $-5.1B | ||
| Q4 24 | $1.1B | $-4.8B | ||
| Q3 24 | $1.1B | $-4.9B | ||
| Q2 24 | $996.0M | $-5.0B |
| Q1 26 | — | $10.5B | ||
| Q4 25 | $11.3B | $10.7B | ||
| Q3 25 | $11.2B | $10.8B | ||
| Q2 25 | $11.5B | $10.5B | ||
| Q1 25 | $10.5B | $11.2B | ||
| Q4 24 | $9.9B | $11.3B | ||
| Q3 24 | $10.4B | $10.3B | ||
| Q2 24 | $10.2B | $9.9B |
| Q1 26 | — | — | ||
| Q4 25 | 1.92× | — | ||
| Q3 25 | 2.45× | — | ||
| Q2 25 | 2.44× | — | ||
| Q1 25 | 2.50× | — | ||
| Q4 24 | 2.81× | — | ||
| Q3 24 | 2.92× | — | ||
| Q2 24 | 3.12× | — |
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 | $948.0M | — |
| Free Cash FlowOCF − Capex | $2.0B | $380.0M |
| FCF MarginFCF / Revenue | 53.8% | 10.7% |
| Capex IntensityCapex / Revenue | 16.1% | 0.9% |
| Cash ConversionOCF / Net Profit | 55.76× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.0B | $1.7B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $948.0M | — | ||
| Q4 25 | $428.0M | $817.0M | ||
| Q3 25 | $146.0M | $374.0M | ||
| Q2 25 | $-124.0M | $215.0M | ||
| Q1 25 | $581.0M | $190.0M | ||
| Q4 24 | $260.0M | $690.0M | ||
| Q3 24 | $149.0M | $394.0M | ||
| Q2 24 | $-48.0M | $308.0M |
| Q1 26 | $2.0B | $380.0M | ||
| Q4 25 | $208.0M | $772.0M | ||
| Q3 25 | $17.0M | $337.0M | ||
| Q2 25 | $-267.0M | $179.0M | ||
| Q1 25 | $341.0M | $156.0M | ||
| Q4 24 | $151.0M | $651.0M | ||
| Q3 24 | $15.0M | $362.0M | ||
| Q2 24 | $-170.0M | $284.0M |
| Q1 26 | 53.8% | 10.7% | ||
| Q4 25 | 5.4% | 20.3% | ||
| Q3 25 | 0.5% | 9.1% | ||
| Q2 25 | -7.1% | 5.0% | ||
| Q1 25 | 9.0% | 4.7% | ||
| Q4 24 | 4.0% | 17.7% | ||
| Q3 24 | 0.4% | 10.2% | ||
| Q2 24 | -4.5% | 7.9% |
| Q1 26 | 16.1% | 0.9% | ||
| Q4 25 | 5.7% | 1.2% | ||
| Q3 25 | 3.5% | 1.0% | ||
| Q2 25 | 3.8% | 1.0% | ||
| Q1 25 | 6.3% | 1.0% | ||
| Q4 24 | 2.9% | 1.1% | ||
| Q3 24 | 3.6% | 0.9% | ||
| Q2 24 | 3.3% | 0.7% |
| Q1 26 | 55.76× | — | ||
| Q4 25 | 7.51× | 2.18× | ||
| Q3 25 | 2.15× | 1.00× | ||
| Q2 25 | -2.21× | 0.55× | ||
| Q1 25 | 8.42× | 0.78× | ||
| Q4 24 | 1.21× | 2.05× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | -4.36× | 0.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KD
| Principal Markets | $1.3B | 34% |
| United States | $1.0B | 27% |
| Strategic Markets | $916.0M | 24% |
| Japan | $556.0M | 15% |
OTIS
| Service | $2.4B | 68% |
| New Equipment | $1.1B | 32% |
