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Side-by-side financial comparison of Kyndryl Holdings, Inc. (KD) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Kyndryl Holdings, Inc. is the larger business by last-quarter revenue ($3.8B vs $2.7B, roughly 1.4× Molson Coors Beverage Company). Molson Coors Beverage Company runs the higher net margin — 5.5% vs 0.5%, a 5.1% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (2.0% vs 0.0%). Kyndryl Holdings, Inc. produced more free cash flow last quarter ($2.0B vs $-212.9M). Over the past eight quarters, Kyndryl Holdings, Inc.'s revenue compounded faster (0.4% CAGR vs -15.8%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
KD vs TAP — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $2.7B |
| Net Profit | $17.0M | $150.1M |
| Gross Margin | — | 33.0% |
| Operating Margin | 3.5% | — |
| Net Margin | 0.5% | 5.5% |
| Revenue YoY | 0.0% | 2.0% |
| Net Profit YoY | -75.0% | 25.0% |
| EPS (diluted) | $0.08 | $0.80 |
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 | $2.7B | ||
| Q4 25 | $3.9B | $3.1B | ||
| Q3 25 | $3.7B | $3.5B | ||
| Q2 25 | $3.7B | $3.7B | ||
| Q1 25 | $3.8B | $2.7B | ||
| Q4 24 | $3.7B | $3.2B | ||
| Q3 24 | $3.8B | $3.6B | ||
| Q2 24 | $3.7B | $3.8B |
| Q1 26 | $17.0M | $150.1M | ||
| Q4 25 | $57.0M | $238.3M | ||
| Q3 25 | $68.0M | $-2.9B | ||
| Q2 25 | $56.0M | $428.7M | ||
| Q1 25 | $69.0M | $121.0M | ||
| Q4 24 | $215.0M | $287.8M | ||
| Q3 24 | $-43.0M | $199.8M | ||
| Q2 24 | $11.0M | $427.0M |
| Q1 26 | — | 33.0% | ||
| Q4 25 | 21.8% | 31.0% | ||
| Q3 25 | 21.5% | 33.7% | ||
| Q2 25 | 21.3% | 34.3% | ||
| Q1 25 | 21.7% | 31.6% | ||
| Q4 24 | 20.4% | 32.0% | ||
| Q3 24 | 19.9% | 33.4% | ||
| Q2 24 | 21.5% | 34.6% |
| Q1 26 | 3.5% | — | ||
| Q4 25 | 2.4% | 10.4% | ||
| Q3 25 | 2.6% | -98.5% | ||
| Q2 25 | 2.5% | 15.6% | ||
| Q1 25 | 3.1% | 6.9% | ||
| Q4 24 | 6.9% | 12.0% | ||
| Q3 24 | -0.1% | 12.5% | ||
| Q2 24 | 1.7% | 15.6% |
| Q1 26 | 0.5% | 5.5% | ||
| Q4 25 | 1.5% | 7.6% | ||
| Q3 25 | 1.8% | -84.0% | ||
| Q2 25 | 1.5% | 11.5% | ||
| Q1 25 | 1.8% | 4.5% | ||
| Q4 24 | 5.7% | 8.9% | ||
| Q3 24 | -1.1% | 5.5% | ||
| Q2 24 | 0.3% | 11.1% |
| Q1 26 | $0.08 | $0.80 | ||
| Q4 25 | $0.25 | $1.32 | ||
| Q3 25 | $0.29 | $-14.79 | ||
| Q2 25 | $0.23 | $2.13 | ||
| Q1 25 | $0.30 | $0.59 | ||
| Q4 24 | $0.89 | $1.39 | ||
| Q3 24 | $-0.19 | $0.96 | ||
| Q2 24 | $0.05 | $2.03 |
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 | $382.6M |
| Total DebtLower is stronger | — | $3.8B |
| Stockholders' EquityBook value | — | $10.3B |
| Total Assets | — | $22.4B |
| Debt / EquityLower = less leverage | — | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.6B | $382.6M | ||
| Q4 25 | $1.3B | $896.5M | ||
| Q3 25 | $1.3B | $950.2M | ||
| Q2 25 | $1.5B | $613.8M | ||
| Q1 25 | $1.8B | $412.7M | ||
| Q4 24 | $1.5B | $969.3M | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.3B | $1.6B |
| Q1 26 | — | $3.8B | ||
| Q4 25 | $2.3B | $6.3B | ||
| Q3 25 | $3.0B | $6.3B | ||
| Q2 25 | $3.0B | $6.3B | ||
| Q1 25 | $3.0B | $6.2B | ||
| Q4 24 | $3.1B | $6.1B | ||
| Q3 24 | $3.1B | $6.2B | ||
| Q2 24 | $3.1B | $7.0B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $1.2B | $10.2B | ||
| Q3 25 | $1.2B | $10.3B | ||
| Q2 25 | $1.2B | $13.4B | ||
| Q1 25 | $1.2B | $13.1B | ||
| Q4 24 | $1.1B | $13.1B | ||
| Q3 24 | $1.1B | $13.3B | ||
| Q2 24 | $996.0M | $13.2B |
| Q1 26 | — | $22.4B | ||
| Q4 25 | $11.3B | $22.7B | ||
| Q3 25 | $11.2B | $22.9B | ||
| Q2 25 | $11.5B | $26.8B | ||
| Q1 25 | $10.5B | $25.9B | ||
| Q4 24 | $9.9B | $26.1B | ||
| Q3 24 | $10.4B | $26.6B | ||
| Q2 24 | $10.2B | $27.4B |
| Q1 26 | — | 0.38× | ||
| Q4 25 | 1.92× | 0.61× | ||
| Q3 25 | 2.45× | 0.61× | ||
| Q2 25 | 2.44× | 0.47× | ||
| Q1 25 | 2.50× | 0.47× | ||
| Q4 24 | 2.81× | 0.47× | ||
| Q3 24 | 2.92× | 0.47× | ||
| Q2 24 | 3.12× | 0.53× |
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 | $-212.9M |
| FCF MarginFCF / Revenue | 53.8% | -7.8% |
| Capex IntensityCapex / Revenue | 16.1% | — |
| Cash ConversionOCF / Net Profit | 55.76× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.0B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $948.0M | — | ||
| Q4 25 | $428.0M | $540.7M | ||
| Q3 25 | $146.0M | $616.1M | ||
| Q2 25 | $-124.0M | $718.3M | ||
| Q1 25 | $581.0M | $-90.7M | ||
| Q4 24 | $260.0M | $494.5M | ||
| Q3 24 | $149.0M | $521.2M | ||
| Q2 24 | $-48.0M | $869.2M |
| Q1 26 | $2.0B | $-212.9M | ||
| Q4 25 | $208.0M | $357.8M | ||
| Q3 25 | $17.0M | $483.0M | ||
| Q2 25 | $-267.0M | $555.0M | ||
| Q1 25 | $341.0M | $-328.0M | ||
| Q4 24 | $151.0M | $383.4M | ||
| Q3 24 | $15.0M | $350.4M | ||
| Q2 24 | $-170.0M | $691.7M |
| Q1 26 | 53.8% | -7.8% | ||
| Q4 25 | 5.4% | 11.4% | ||
| Q3 25 | 0.5% | 13.9% | ||
| Q2 25 | -7.1% | 14.8% | ||
| Q1 25 | 9.0% | -12.2% | ||
| Q4 24 | 4.0% | 11.8% | ||
| Q3 24 | 0.4% | 9.7% | ||
| Q2 24 | -4.5% | 18.0% |
| Q1 26 | 16.1% | — | ||
| Q4 25 | 5.7% | 5.9% | ||
| Q3 25 | 3.5% | 3.8% | ||
| Q2 25 | 3.8% | 4.4% | ||
| Q1 25 | 6.3% | 8.8% | ||
| Q4 24 | 2.9% | 3.4% | ||
| Q3 24 | 3.6% | 4.7% | ||
| Q2 24 | 3.3% | 4.6% |
| Q1 26 | 55.76× | — | ||
| Q4 25 | 7.51× | 2.27× | ||
| Q3 25 | 2.15× | — | ||
| Q2 25 | -2.21× | 1.68× | ||
| Q1 25 | 8.42× | -0.75× | ||
| Q4 24 | 1.21× | 1.72× | ||
| Q3 24 | — | 2.61× | ||
| Q2 24 | -4.36× | 2.04× |
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% |
TAP
Segment breakdown not available.
