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Side-by-side financial comparison of Kyndryl Holdings, Inc. (KD) and Rockwell Automation (ROK). Click either name above to swap in a different company.
Kyndryl Holdings, Inc. is the larger business by last-quarter revenue ($3.9B vs $2.1B, roughly 1.8× Rockwell Automation). Rockwell Automation runs the higher net margin — 14.5% vs 1.5%, a 13.0% gap on every dollar of revenue. On growth, Rockwell Automation posted the faster year-over-year revenue change (11.9% vs 3.1%). Kyndryl Holdings, Inc. produced more free cash flow last quarter ($208.0M vs $170.0M). Over the past eight quarters, Kyndryl Holdings, Inc.'s revenue compounded faster (0.1% 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.
Rockwell Automation, Inc. is an American provider of industrial automation and digital transformation technologies headquartered in Milwaukee, Wisconsin. Its brands include Allen-Bradley, FactoryTalk software and LifecycleIQ Services. Rockwell Automation employs approximately 27,000 people and has customers in more than 100 countries worldwide.
KD vs ROK — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $2.1B |
| Net Profit | $57.0M | $305.0M |
| Gross Margin | 21.8% | 48.3% |
| Operating Margin | 2.4% | 20.7% |
| Net Margin | 1.5% | 14.5% |
| Revenue YoY | 3.1% | 11.9% |
| Net Profit YoY | -73.5% | 65.8% |
| EPS (diluted) | $0.25 | $2.69 |
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 | $2.1B | ||
| Q3 25 | $3.7B | $2.3B | ||
| Q2 25 | $3.7B | $2.1B | ||
| Q1 25 | $3.8B | $2.0B | ||
| Q4 24 | $3.7B | $1.9B | ||
| Q3 24 | $3.8B | $2.0B | ||
| Q2 24 | $3.7B | $2.1B | ||
| Q1 24 | $3.9B | $2.1B |
| Q4 25 | $57.0M | $305.0M | ||
| Q3 25 | $68.0M | $138.0M | ||
| Q2 25 | $56.0M | $295.0M | ||
| Q1 25 | $69.0M | $252.0M | ||
| Q4 24 | $215.0M | $184.0M | ||
| Q3 24 | $-43.0M | $239.1M | ||
| Q2 24 | $11.0M | $232.0M | ||
| Q1 24 | $-45.0M | $266.2M |
| Q4 25 | 21.8% | 48.3% | ||
| Q3 25 | 21.5% | 69.4% | ||
| Q2 25 | 21.3% | 40.9% | ||
| Q1 25 | 21.7% | 40.5% | ||
| Q4 24 | 20.4% | 38.4% | ||
| Q3 24 | 19.9% | 37.9% | ||
| Q2 24 | 21.5% | 38.8% | ||
| Q1 24 | 18.6% | 39.2% |
| Q4 25 | 2.4% | 20.7% | ||
| Q3 25 | 2.6% | 2.7% | ||
| Q2 25 | 2.5% | 16.0% | ||
| Q1 25 | 3.1% | 14.9% | ||
| Q4 24 | 6.9% | 17.1% | ||
| Q3 24 | -0.1% | 13.5% | ||
| Q2 24 | 1.7% | 12.4% | ||
| Q1 24 | -0.1% | 14.6% |
| Q4 25 | 1.5% | 14.5% | ||
| Q3 25 | 1.8% | 6.0% | ||
| Q2 25 | 1.5% | 13.8% | ||
| Q1 25 | 1.8% | 12.6% | ||
| Q4 24 | 5.7% | 9.8% | ||
| Q3 24 | -1.1% | 11.7% | ||
| Q2 24 | 0.3% | 11.3% | ||
| Q1 24 | -1.2% | 12.5% |
| Q4 25 | $0.25 | $2.69 | ||
| Q3 25 | $0.29 | $1.24 | ||
| Q2 25 | $0.23 | $2.60 | ||
| Q1 25 | $0.30 | $2.22 | ||
| Q4 24 | $0.89 | $1.61 | ||
| Q3 24 | $-0.19 | $2.09 | ||
| Q2 24 | $0.05 | $2.02 | ||
| Q1 24 | $-0.19 | $2.31 |
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 | $444.0M |
| Total DebtLower is stronger | $2.3B | — |
| Stockholders' EquityBook value | $1.2B | $3.7B |
| Total Assets | $11.3B | $11.2B |
| Debt / EquityLower = less leverage | 1.92× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $444.0M | ||
| Q3 25 | $1.3B | $468.0M | ||
| Q2 25 | $1.5B | $495.0M | ||
| Q1 25 | $1.8B | $456.0M | ||
| Q4 24 | $1.5B | $477.0M | ||
| Q3 24 | $1.3B | $471.3M | ||
| Q2 24 | $1.3B | $407.0M | ||
| Q1 24 | $1.6B | $470.5M |
| Q4 25 | $2.3B | — | ||
| Q3 25 | $3.0B | $2.6B | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.1B | $2.6B | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $3.1B | — |
| Q4 25 | $1.2B | $3.7B | ||
| Q3 25 | $1.2B | $3.7B | ||
| Q2 25 | $1.2B | $3.5B | ||
| Q1 25 | $1.2B | $3.4B | ||
| Q4 24 | $1.1B | $3.4B | ||
| Q3 24 | $1.1B | $3.5B | ||
| Q2 24 | $996.0M | $3.3B | ||
| Q1 24 | $1.0B | $3.5B |
| Q4 25 | $11.3B | $11.2B | ||
| Q3 25 | $11.2B | $11.2B | ||
| Q2 25 | $11.5B | $11.2B | ||
| Q1 25 | $10.5B | $11.0B | ||
| Q4 24 | $9.9B | $10.9B | ||
| Q3 24 | $10.4B | $11.2B | ||
| Q2 24 | $10.2B | $11.2B | ||
| Q1 24 | $10.6B | $11.4B |
| Q4 25 | 1.92× | — | ||
| Q3 25 | 2.45× | 0.72× | ||
| Q2 25 | 2.44× | — | ||
| Q1 25 | 2.50× | — | ||
| Q4 24 | 2.81× | — | ||
| Q3 24 | 2.92× | 0.73× | ||
| Q2 24 | 3.12× | — | ||
| Q1 24 | 3.07× | — |
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 | $234.0M |
| Free Cash FlowOCF − Capex | $208.0M | $170.0M |
| FCF MarginFCF / Revenue | 5.4% | 8.1% |
| Capex IntensityCapex / Revenue | 5.7% | 3.0% |
| Cash ConversionOCF / Net Profit | 7.51× | 0.77× |
| TTM Free Cash FlowTrailing 4 quarters | $299.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $428.0M | $234.0M | ||
| Q3 25 | $146.0M | $454.0M | ||
| Q2 25 | $-124.0M | $527.0M | ||
| Q1 25 | $581.0M | $199.0M | ||
| Q4 24 | $260.0M | $364.0M | ||
| Q3 24 | $149.0M | $432.3M | ||
| Q2 24 | $-48.0M | $279.1M | ||
| Q1 24 | $145.0M | $119.8M |
| Q4 25 | $208.0M | $170.0M | ||
| Q3 25 | $17.0M | — | ||
| Q2 25 | $-267.0M | $489.0M | ||
| Q1 25 | $341.0M | $171.0M | ||
| Q4 24 | $151.0M | $293.0M | ||
| Q3 24 | $15.0M | — | ||
| Q2 24 | $-170.0M | $238.4M | ||
| Q1 24 | $-57.0M | $68.6M |
| Q4 25 | 5.4% | 8.1% | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | -7.1% | 22.8% | ||
| Q1 25 | 9.0% | 8.5% | ||
| Q4 24 | 4.0% | 15.6% | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | -4.5% | 11.6% | ||
| Q1 24 | -1.5% | 3.2% |
| Q4 25 | 5.7% | 3.0% | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.8% | 1.8% | ||
| Q1 25 | 6.3% | 1.4% | ||
| Q4 24 | 2.9% | 3.8% | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 3.3% | 2.0% | ||
| Q1 24 | 5.2% | 2.4% |
| Q4 25 | 7.51× | 0.77× | ||
| Q3 25 | 2.15× | 3.29× | ||
| Q2 25 | -2.21× | 1.79× | ||
| Q1 25 | 8.42× | 0.79× | ||
| Q4 24 | 1.21× | 1.98× | ||
| Q3 24 | — | 1.81× | ||
| Q2 24 | -4.36× | 1.20× | ||
| Q1 24 | — | 0.45× |
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% |
ROK
| Productsand Solutions | $1.9B | 89% |
| Lifecycle Services Segment | $259.0M | 12% |
