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Side-by-side financial comparison of Kyndryl Holdings, Inc. (KD) and Science Applications International Corp (SAIC). Click either name above to swap in a different company.
Kyndryl Holdings, Inc. is the larger business by last-quarter revenue ($3.9B vs $1.9B, roughly 2.1× Science Applications International Corp). Science Applications International Corp runs the higher net margin — 4.2% vs 1.5%, a 2.7% gap on every dollar of revenue. On growth, Kyndryl Holdings, Inc. posted the faster year-over-year revenue change (3.1% vs 2.6%). Kyndryl Holdings, Inc. produced more free cash flow last quarter ($208.0M vs $120.0M). Over the past eight quarters, Science Applications International Corp's revenue compounded faster (2.3% 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.
Science Applications International Corporation, Inc. (SAIC) is an American technology company headquartered in Reston, Virginia that provides government services and information technology support.
KD vs SAIC — Head-to-Head
Income Statement — Q3 2026 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $1.9B |
| Net Profit | $57.0M | $78.0M |
| Gross Margin | 21.8% | 12.2% |
| Operating Margin | 2.4% | 6.9% |
| Net Margin | 1.5% | 4.2% |
| Revenue YoY | 3.1% | 2.6% |
| Net Profit YoY | -73.5% | -3.7% |
| EPS (diluted) | $0.25 | $1.69 |
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 | $1.9B | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.7B | $1.9B | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.7B | $2.0B | ||
| Q3 24 | $3.8B | $1.8B | ||
| Q2 24 | $3.7B | $1.8B | ||
| Q1 24 | $3.9B | $1.7B |
| Q4 25 | $57.0M | $78.0M | ||
| Q3 25 | $68.0M | — | ||
| Q2 25 | $56.0M | $68.0M | ||
| Q1 25 | $69.0M | — | ||
| Q4 24 | $215.0M | $106.0M | ||
| Q3 24 | $-43.0M | $81.0M | ||
| Q2 24 | $11.0M | $77.0M | ||
| Q1 24 | $-45.0M | $39.0M |
| Q4 25 | 21.8% | 12.2% | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 21.3% | 11.1% | ||
| Q1 25 | 21.7% | — | ||
| Q4 24 | 20.4% | 12.0% | ||
| Q3 24 | 19.9% | 11.6% | ||
| Q2 24 | 21.5% | 11.5% | ||
| Q1 24 | 18.6% | 11.1% |
| Q4 25 | 2.4% | 6.9% | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 2.5% | 6.4% | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 6.9% | 8.1% | ||
| Q3 24 | -0.1% | 7.4% | ||
| Q2 24 | 1.7% | 7.1% | ||
| Q1 24 | -0.1% | 4.5% |
| Q4 25 | 1.5% | 4.2% | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.5% | 3.6% | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 5.7% | 5.4% | ||
| Q3 24 | -1.1% | 4.5% | ||
| Q2 24 | 0.3% | 4.2% | ||
| Q1 24 | -1.2% | 2.2% |
| Q4 25 | $0.25 | $1.69 | ||
| Q3 25 | $0.29 | — | ||
| Q2 25 | $0.23 | $1.42 | ||
| Q1 25 | $0.30 | — | ||
| Q4 24 | $0.89 | $2.13 | ||
| Q3 24 | $-0.19 | $1.58 | ||
| Q2 24 | $0.05 | $1.48 | ||
| Q1 24 | $-0.19 | $0.77 |
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 | $45.0M |
| Total DebtLower is stronger | $2.3B | $2.5B |
| Stockholders' EquityBook value | $1.2B | $1.5B |
| Total Assets | $11.3B | $5.4B |
| Debt / EquityLower = less leverage | 1.92× | 1.64× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $45.0M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.5B | $47.0M | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.5B | $46.0M | ||
| Q3 24 | $1.3B | $48.0M | ||
| Q2 24 | $1.3B | $49.0M | ||
| Q1 24 | $1.6B | $94.0M |
| Q4 25 | $2.3B | $2.5B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | $2.3B | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.1B | $2.2B | ||
| Q3 24 | $3.1B | $2.2B | ||
| Q2 24 | $3.1B | $2.1B | ||
| Q1 24 | $3.1B | $2.1B |
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $996.0M | $1.8B | ||
| Q1 24 | $1.0B | $1.8B |
| Q4 25 | $11.3B | $5.4B | ||
| Q3 25 | $11.2B | — | ||
| Q2 25 | $11.5B | $5.2B | ||
| Q1 25 | $10.5B | — | ||
| Q4 24 | $9.9B | $5.3B | ||
| Q3 24 | $10.4B | $5.3B | ||
| Q2 24 | $10.2B | $5.3B | ||
| Q1 24 | $10.6B | $5.3B |
| Q4 25 | 1.92× | 1.64× | ||
| Q3 25 | 2.45× | — | ||
| Q2 25 | 2.44× | 1.52× | ||
| Q1 25 | 2.50× | — | ||
| Q4 24 | 2.81× | 1.34× | ||
| Q3 24 | 2.92× | 1.33× | ||
| Q2 24 | 3.12× | 1.18× | ||
| Q1 24 | 3.07× | 1.18× |
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 | $129.0M |
| Free Cash FlowOCF − Capex | $208.0M | $120.0M |
| FCF MarginFCF / Revenue | 5.4% | 6.4% |
| Capex IntensityCapex / Revenue | 5.7% | 0.5% |
| Cash ConversionOCF / Net Profit | 7.51× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $299.0M | $478.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $428.0M | $129.0M | ||
| Q3 25 | $146.0M | — | ||
| Q2 25 | $-124.0M | $100.0M | ||
| Q1 25 | $581.0M | — | ||
| Q4 24 | $260.0M | $143.0M | ||
| Q3 24 | $149.0M | $138.0M | ||
| Q2 24 | $-48.0M | $98.0M | ||
| Q1 24 | $145.0M | $63.0M |
| Q4 25 | $208.0M | $120.0M | ||
| Q3 25 | $17.0M | — | ||
| Q2 25 | $-267.0M | $92.0M | ||
| Q1 25 | $341.0M | — | ||
| Q4 24 | $151.0M | $134.0M | ||
| Q3 24 | $15.0M | $132.0M | ||
| Q2 24 | $-170.0M | $92.0M | ||
| Q1 24 | $-57.0M | $52.0M |
| Q4 25 | 5.4% | 6.4% | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | -7.1% | 4.9% | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | 4.0% | 6.8% | ||
| Q3 24 | 0.4% | 7.3% | ||
| Q2 24 | -4.5% | 5.0% | ||
| Q1 24 | -1.5% | 3.0% |
| Q4 25 | 5.7% | 0.5% | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.8% | 0.4% | ||
| Q1 25 | 6.3% | — | ||
| Q4 24 | 2.9% | 0.5% | ||
| Q3 24 | 3.6% | 0.3% | ||
| Q2 24 | 3.3% | 0.3% | ||
| Q1 24 | 5.2% | 0.6% |
| Q4 25 | 7.51× | 1.65× | ||
| Q3 25 | 2.15× | — | ||
| Q2 25 | -2.21× | 1.47× | ||
| Q1 25 | 8.42× | — | ||
| Q4 24 | 1.21× | 1.35× | ||
| Q3 24 | — | 1.70× | ||
| Q2 24 | -4.36× | 1.27× | ||
| Q1 24 | — | 1.62× |
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% |
SAIC
| Prime Contractor | $1.3B | 71% |
| Civilian | $427.0M | 23% |
| Subcontractor | $116.0M | 6% |
| Commercial State And Local Agencies | $7.0M | 0% |
