vs
Side-by-side financial comparison of Kyndryl Holdings, Inc. (KD) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Kyndryl Holdings, Inc. is the larger business by last-quarter revenue ($3.9B vs $2.5B, roughly 1.5× Tapestry, Inc.). Tapestry, Inc. runs the higher net margin — 22.4% vs 1.5%, a 21.0% gap on every dollar of revenue. On growth, Tapestry, Inc. posted the faster year-over-year revenue change (14.0% vs 3.1%). Tapestry, Inc. produced more free cash flow last quarter ($1.0B vs $208.0M). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% 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.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
KD vs TPR — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.9B | $2.5B |
| Net Profit | $57.0M | $561.3M |
| Gross Margin | 21.8% | 75.5% |
| Operating Margin | 2.4% | 28.6% |
| Net Margin | 1.5% | 22.4% |
| Revenue YoY | 3.1% | 14.0% |
| Net Profit YoY | -73.5% | 80.8% |
| EPS (diluted) | $0.25 | $2.68 |
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 | $2.5B | ||
| Q3 25 | $3.7B | $1.7B | ||
| Q2 25 | $3.7B | $1.7B | ||
| Q1 25 | $3.8B | $1.6B | ||
| Q4 24 | $3.7B | $2.2B | ||
| Q3 24 | $3.8B | $1.5B | ||
| Q2 24 | $3.7B | $1.6B | ||
| Q1 24 | $3.9B | $1.5B |
| Q4 25 | $57.0M | $561.3M | ||
| Q3 25 | $68.0M | $274.8M | ||
| Q2 25 | $56.0M | $-517.1M | ||
| Q1 25 | $69.0M | $203.3M | ||
| Q4 24 | $215.0M | $310.4M | ||
| Q3 24 | $-43.0M | $186.6M | ||
| Q2 24 | $11.0M | $159.3M | ||
| Q1 24 | $-45.0M | $139.4M |
| Q4 25 | 21.8% | 75.5% | ||
| Q3 25 | 21.5% | 76.3% | ||
| Q2 25 | 21.3% | 76.3% | ||
| Q1 25 | 21.7% | 76.1% | ||
| Q4 24 | 20.4% | 74.4% | ||
| Q3 24 | 19.9% | 75.3% | ||
| Q2 24 | 21.5% | 74.9% | ||
| Q1 24 | 18.6% | 74.7% |
| Q4 25 | 2.4% | 28.6% | ||
| Q3 25 | 2.6% | 19.3% | ||
| Q2 25 | 2.5% | -33.9% | ||
| Q1 25 | 3.1% | 16.0% | ||
| Q4 24 | 6.9% | 22.4% | ||
| Q3 24 | -0.1% | 16.7% | ||
| Q2 24 | 1.7% | 14.8% | ||
| Q1 24 | -0.1% | 13.8% |
| Q4 25 | 1.5% | 22.4% | ||
| Q3 25 | 1.8% | 16.1% | ||
| Q2 25 | 1.5% | -30.0% | ||
| Q1 25 | 1.8% | 12.8% | ||
| Q4 24 | 5.7% | 14.1% | ||
| Q3 24 | -1.1% | 12.4% | ||
| Q2 24 | 0.3% | 10.0% | ||
| Q1 24 | -1.2% | 9.4% |
| Q4 25 | $0.25 | $2.68 | ||
| Q3 25 | $0.29 | $1.28 | ||
| Q2 25 | $0.23 | $-2.30 | ||
| Q1 25 | $0.30 | $0.95 | ||
| Q4 24 | $0.89 | $1.38 | ||
| Q3 24 | $-0.19 | $0.79 | ||
| Q2 24 | $0.05 | $0.67 | ||
| Q1 24 | $-0.19 | $0.60 |
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 | $1.1B |
| Total DebtLower is stronger | $2.3B | $2.4B |
| Stockholders' EquityBook value | $1.2B | $551.2M |
| Total Assets | $11.3B | $6.5B |
| Debt / EquityLower = less leverage | 1.92× | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.3B | $743.2M | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.3B | $7.3B | ||
| Q2 24 | $1.3B | $7.2B | ||
| Q1 24 | $1.6B | $7.4B |
| Q4 25 | $2.3B | $2.4B | ||
| Q3 25 | $3.0B | $2.4B | ||
| Q2 25 | $3.0B | $2.4B | ||
| Q1 25 | $3.0B | $2.4B | ||
| Q4 24 | $3.1B | $2.4B | ||
| Q3 24 | $3.1B | $7.0B | ||
| Q2 24 | $3.1B | $6.9B | ||
| Q1 24 | $3.1B | $7.7B |
| Q4 25 | $1.2B | $551.2M | ||
| Q3 25 | $1.2B | $399.5M | ||
| Q2 25 | $1.2B | $857.8M | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.1B | $3.0B | ||
| Q2 24 | $996.0M | $2.9B | ||
| Q1 24 | $1.0B | $2.8B |
| Q4 25 | $11.3B | $6.5B | ||
| Q3 25 | $11.2B | $6.4B | ||
| Q2 25 | $11.5B | $6.6B | ||
| Q1 25 | $10.5B | $7.3B | ||
| Q4 24 | $9.9B | $7.3B | ||
| Q3 24 | $10.4B | $13.7B | ||
| Q2 24 | $10.2B | $13.4B | ||
| Q1 24 | $10.6B | $13.7B |
| Q4 25 | 1.92× | 4.32× | ||
| Q3 25 | 2.45× | 5.95× | ||
| Q2 25 | 2.44× | 2.77× | ||
| Q1 25 | 2.50× | 1.59× | ||
| Q4 24 | 2.81× | 1.78× | ||
| Q3 24 | 2.92× | 2.35× | ||
| Q2 24 | 3.12× | 2.39× | ||
| Q1 24 | 3.07× | 2.77× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $208.0M | $1.0B |
| FCF MarginFCF / Revenue | 5.4% | 41.5% |
| Capex IntensityCapex / Revenue | 5.7% | 1.7% |
| Cash ConversionOCF / Net Profit | 7.51× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $299.0M | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $428.0M | $1.1B | ||
| Q3 25 | $146.0M | $112.6M | ||
| Q2 25 | $-124.0M | $446.8M | ||
| Q1 25 | $581.0M | $144.3M | ||
| Q4 24 | $260.0M | $506.0M | ||
| Q3 24 | $149.0M | $119.5M | ||
| Q2 24 | $-48.0M | $256.0M | ||
| Q1 24 | $145.0M | $97.8M |
| Q4 25 | $208.0M | $1.0B | ||
| Q3 25 | $17.0M | $80.2M | ||
| Q2 25 | $-267.0M | $411.5M | ||
| Q1 25 | $341.0M | $113.4M | ||
| Q4 24 | $151.0M | $475.1M | ||
| Q3 24 | $15.0M | $93.9M | ||
| Q2 24 | $-170.0M | $209.8M | ||
| Q1 24 | $-57.0M | $78.8M |
| Q4 25 | 5.4% | 41.5% | ||
| Q3 25 | 0.5% | 4.7% | ||
| Q2 25 | -7.1% | 23.9% | ||
| Q1 25 | 9.0% | 7.2% | ||
| Q4 24 | 4.0% | 21.6% | ||
| Q3 24 | 0.4% | 6.2% | ||
| Q2 24 | -4.5% | 13.2% | ||
| Q1 24 | -1.5% | 5.3% |
| Q4 25 | 5.7% | 1.7% | ||
| Q3 25 | 3.5% | 1.9% | ||
| Q2 25 | 3.8% | 2.0% | ||
| Q1 25 | 6.3% | 2.0% | ||
| Q4 24 | 2.9% | 1.4% | ||
| Q3 24 | 3.6% | 1.7% | ||
| Q2 24 | 3.3% | 2.9% | ||
| Q1 24 | 5.2% | 1.3% |
| Q4 25 | 7.51× | 1.93× | ||
| Q3 25 | 2.15× | 0.41× | ||
| Q2 25 | -2.21× | — | ||
| Q1 25 | 8.42× | 0.71× | ||
| Q4 24 | 1.21× | 1.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | -4.36× | 1.61× | ||
| Q1 24 | — | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
