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Side-by-side financial comparison of Kyndryl Holdings, Inc. (KD) and PBF Energy Inc. (PBF). Click either name above to swap in a different company.
PBF Energy Inc. is the larger business by last-quarter revenue ($7.9B vs $3.9B, roughly 2.0× Kyndryl Holdings, Inc.). PBF Energy Inc. runs the higher net margin — 2.5% vs 1.5%, a 1.1% gap on every dollar of revenue. On growth, PBF Energy Inc. posted the faster year-over-year revenue change (11.9% vs 3.1%). Over the past eight quarters, Kyndryl Holdings, Inc.'s revenue compounded faster (0.1% CAGR vs -4.9%).
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.
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
KD vs PBF — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $7.9B |
| Net Profit | $57.0M | $200.2M |
| Gross Margin | 21.8% | 3.5% |
| Operating Margin | 2.4% | 3.8% |
| Net Margin | 1.5% | 2.5% |
| Revenue YoY | 3.1% | 11.9% |
| Net Profit YoY | -73.5% | 149.4% |
| EPS (diluted) | $0.25 | $1.65 |
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.
| Q1 26 | — | $7.9B | ||
| Q4 25 | $3.9B | $7.1B | ||
| Q3 25 | $3.7B | $7.7B | ||
| Q2 25 | $3.7B | $7.5B | ||
| Q1 25 | $3.8B | $7.1B | ||
| Q4 24 | $3.7B | $7.4B | ||
| Q3 24 | $3.8B | $8.4B | ||
| Q2 24 | $3.7B | $8.7B |
| Q1 26 | — | $200.2M | ||
| Q4 25 | $57.0M | $78.4M | ||
| Q3 25 | $68.0M | $170.1M | ||
| Q2 25 | $56.0M | $-5.2M | ||
| Q1 25 | $69.0M | $-401.8M | ||
| Q4 24 | $215.0M | $-289.3M | ||
| Q3 24 | $-43.0M | $-285.9M | ||
| Q2 24 | $11.0M | $-65.2M |
| Q1 26 | — | 3.5% | ||
| Q4 25 | 21.8% | -1.8% | ||
| Q3 25 | 21.5% | 0.5% | ||
| Q2 25 | 21.3% | -0.8% | ||
| Q1 25 | 21.7% | -5.9% | ||
| Q4 24 | 20.4% | -4.2% | ||
| Q3 24 | 19.9% | -3.4% | ||
| Q2 24 | 21.5% | 0.1% |
| Q1 26 | — | 3.8% | ||
| Q4 25 | 2.4% | 1.8% | ||
| Q3 25 | 2.6% | 3.7% | ||
| Q2 25 | 2.5% | 0.6% | ||
| Q1 25 | 3.1% | -7.2% | ||
| Q4 24 | 6.9% | -5.2% | ||
| Q3 24 | -0.1% | -4.6% | ||
| Q2 24 | 1.7% | -0.9% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 1.5% | 1.1% | ||
| Q3 25 | 1.8% | 2.2% | ||
| Q2 25 | 1.5% | -0.1% | ||
| Q1 25 | 1.8% | -5.7% | ||
| Q4 24 | 5.7% | -3.9% | ||
| Q3 24 | -1.1% | -3.4% | ||
| Q2 24 | 0.3% | -0.7% |
| Q1 26 | — | $1.65 | ||
| Q4 25 | $0.25 | $0.74 | ||
| Q3 25 | $0.29 | $1.45 | ||
| Q2 25 | $0.23 | $-0.05 | ||
| Q1 25 | $0.30 | $-3.53 | ||
| Q4 24 | $0.89 | $-2.41 | ||
| Q3 24 | $-0.19 | $-2.49 | ||
| Q2 24 | $0.05 | $-0.56 |
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 | $541.8M |
| Total DebtLower is stronger | $2.3B | — |
| Stockholders' EquityBook value | $1.2B | $5.7B |
| Total Assets | $11.3B | $14.7B |
| Debt / EquityLower = less leverage | 1.92× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $541.8M | ||
| Q4 25 | $1.3B | $527.9M | ||
| Q3 25 | $1.3B | $482.0M | ||
| Q2 25 | $1.5B | $590.7M | ||
| Q1 25 | $1.8B | $468.6M | ||
| Q4 24 | $1.5B | $536.1M | ||
| Q3 24 | $1.3B | $976.7M | ||
| Q2 24 | $1.3B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — |
| Q1 26 | — | $5.7B | ||
| Q4 25 | $1.2B | $5.3B | ||
| Q3 25 | $1.2B | $5.2B | ||
| Q2 25 | $1.2B | $5.1B | ||
| Q1 25 | $1.2B | $5.1B | ||
| Q4 24 | $1.1B | $5.5B | ||
| Q3 24 | $1.1B | $5.9B | ||
| Q2 24 | $996.0M | $6.3B |
| Q1 26 | — | $14.7B | ||
| Q4 25 | $11.3B | $13.0B | ||
| Q3 25 | $11.2B | $13.0B | ||
| Q2 25 | $11.5B | $13.0B | ||
| Q1 25 | $10.5B | $13.0B | ||
| Q4 24 | $9.9B | $12.7B | ||
| Q3 24 | $10.4B | $13.1B | ||
| Q2 24 | $10.2B | $14.1B |
| 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 | $428.0M | — |
| Free Cash FlowOCF − Capex | $208.0M | — |
| FCF MarginFCF / Revenue | 5.4% | — |
| Capex IntensityCapex / Revenue | 5.7% | 4.0% |
| Cash ConversionOCF / Net Profit | 7.51× | — |
| TTM Free Cash FlowTrailing 4 quarters | $299.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $428.0M | $366.6M | ||
| Q3 25 | $146.0M | $25.7M | ||
| Q2 25 | $-124.0M | $191.1M | ||
| Q1 25 | $581.0M | $-661.4M | ||
| Q4 24 | $260.0M | $-329.7M | ||
| Q3 24 | $149.0M | $-68.0M | ||
| Q2 24 | $-48.0M | $425.3M |
| Q1 26 | — | — | ||
| Q4 25 | $208.0M | $77.0M | ||
| Q3 25 | $17.0M | $-122.8M | ||
| Q2 25 | $-267.0M | $35.0M | ||
| Q1 25 | $341.0M | $-772.4M | ||
| Q4 24 | $151.0M | $-425.7M | ||
| Q3 24 | $15.0M | $-169.8M | ||
| Q2 24 | $-170.0M | $371.8M |
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 1.1% | ||
| Q3 25 | 0.5% | -1.6% | ||
| Q2 25 | -7.1% | 0.5% | ||
| Q1 25 | 9.0% | -10.9% | ||
| Q4 24 | 4.0% | -5.8% | ||
| Q3 24 | 0.4% | -2.0% | ||
| Q2 24 | -4.5% | 4.3% |
| Q1 26 | — | 4.0% | ||
| Q4 25 | 5.7% | 4.1% | ||
| Q3 25 | 3.5% | 1.9% | ||
| Q2 25 | 3.8% | 2.1% | ||
| Q1 25 | 6.3% | 1.6% | ||
| Q4 24 | 2.9% | 1.3% | ||
| Q3 24 | 3.6% | 1.2% | ||
| Q2 24 | 3.3% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 7.51× | 4.68× | ||
| Q3 25 | 2.15× | 0.15× | ||
| Q2 25 | -2.21× | — | ||
| Q1 25 | 8.42× | — | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -4.36× | — |
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% |
PBF
Segment breakdown not available.
