vs
Side-by-side financial comparison of Kyndryl Holdings, Inc. (KD) and UGI CORP (UGI). 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× UGI CORP). UGI CORP runs the higher net margin — 19.4% vs 0.5%, a 18.9% gap on every dollar of revenue. On growth, UGI CORP posted the faster year-over-year revenue change (0.7% vs 0.0%). Over the past eight quarters, UGI CORP's revenue compounded faster (40.9% CAGR vs 0.4%).
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.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
KD vs UGI — Head-to-Head
Income Statement — Q4 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $2.7B |
| Net Profit | $17.0M | $520.0M |
| Gross Margin | — | — |
| Operating Margin | 3.5% | 9.3% |
| Net Margin | 0.5% | 19.4% |
| Revenue YoY | 0.0% | 0.7% |
| Net Profit YoY | -75.0% | -2.4% |
| EPS (diluted) | $0.08 | $2.33 |
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 | $2.1B | ||
| Q3 25 | $3.7B | $1.2B | ||
| Q2 25 | $3.7B | $1.4B | ||
| Q1 25 | $3.8B | $2.6B | ||
| Q4 24 | $3.7B | $2.0B | ||
| Q3 24 | $3.8B | $1.2B | ||
| Q2 24 | $3.7B | $1.4B |
| Q1 26 | $17.0M | $520.0M | ||
| Q4 25 | $57.0M | $297.0M | ||
| Q3 25 | $68.0M | $-13.0M | ||
| Q2 25 | $56.0M | $-163.0M | ||
| Q1 25 | $69.0M | $479.0M | ||
| Q4 24 | $215.0M | $375.0M | ||
| Q3 24 | $-43.0M | $-273.0M | ||
| Q2 24 | $11.0M | $-48.0M |
| Q1 26 | — | — | ||
| Q4 25 | 21.8% | — | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | 21.7% | — | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 21.5% | — |
| Q1 26 | 3.5% | 9.3% | ||
| Q4 25 | 2.4% | 22.0% | ||
| Q3 25 | 2.6% | 1.1% | ||
| Q2 25 | 2.5% | -6.8% | ||
| Q1 25 | 3.1% | 26.6% | ||
| Q4 24 | 6.9% | 24.5% | ||
| Q3 24 | -0.1% | -20.4% | ||
| Q2 24 | 1.7% | 5.0% |
| Q1 26 | 0.5% | 19.4% | ||
| Q4 25 | 1.5% | 14.4% | ||
| Q3 25 | 1.8% | -1.1% | ||
| Q2 25 | 1.5% | -12.0% | ||
| Q1 25 | 1.8% | 18.2% | ||
| Q4 24 | 5.7% | 18.9% | ||
| Q3 24 | -1.1% | -22.6% | ||
| Q2 24 | 0.3% | -3.6% |
| Q1 26 | $0.08 | $2.33 | ||
| Q4 25 | $0.25 | $1.34 | ||
| Q3 25 | $0.29 | $-0.08 | ||
| Q2 25 | $0.23 | $-0.76 | ||
| Q1 25 | $0.30 | $2.19 | ||
| Q4 24 | $0.89 | $1.74 | ||
| Q3 24 | $-0.19 | $-1.26 | ||
| Q2 24 | $0.05 | $-0.23 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | — |
| Total Assets | — | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.6B | — | ||
| Q4 25 | $1.3B | $251.0M | ||
| Q3 25 | $1.3B | $335.0M | ||
| Q2 25 | $1.5B | $350.0M | ||
| Q1 25 | $1.8B | $426.0M | ||
| Q4 24 | $1.5B | $240.0M | ||
| Q3 24 | $1.3B | $213.0M | ||
| Q2 24 | $1.3B | $183.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $6.0B | ||
| Q3 25 | $3.0B | $6.5B | ||
| Q2 25 | $3.0B | $5.7B | ||
| Q1 25 | $3.0B | $6.6B | ||
| Q4 24 | $3.1B | $6.6B | ||
| Q3 24 | $3.1B | $6.4B | ||
| Q2 24 | $3.1B | $6.3B |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $5.0B | ||
| Q3 25 | $1.2B | $4.8B | ||
| Q2 25 | $1.2B | $4.9B | ||
| Q1 25 | $1.2B | $5.0B | ||
| Q4 24 | $1.1B | $4.6B | ||
| Q3 24 | $1.1B | $4.3B | ||
| Q2 24 | $996.0M | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | $11.3B | $15.8B | ||
| Q3 25 | $11.2B | $15.5B | ||
| Q2 25 | $11.5B | $15.4B | ||
| Q1 25 | $10.5B | $15.7B | ||
| Q4 24 | $9.9B | $15.4B | ||
| Q3 24 | $10.4B | $15.1B | ||
| Q2 24 | $10.2B | $15.1B |
| Q1 26 | — | — | ||
| Q4 25 | 1.92× | 1.19× | ||
| Q3 25 | 2.45× | 1.37× | ||
| Q2 25 | 2.44× | 1.17× | ||
| Q1 25 | 2.50× | 1.32× | ||
| Q4 24 | 2.81× | 1.44× | ||
| Q3 24 | 2.92× | 1.48× | ||
| Q2 24 | 3.12× | 1.34× |
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 | — |
| FCF MarginFCF / Revenue | 53.8% | — |
| Capex IntensityCapex / Revenue | 16.1% | 4.7% |
| Cash ConversionOCF / Net Profit | 55.76× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.0B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $948.0M | — | ||
| Q4 25 | $428.0M | $66.0M | ||
| Q3 25 | $146.0M | $90.0M | ||
| Q2 25 | $-124.0M | $289.0M | ||
| Q1 25 | $581.0M | $684.0M | ||
| Q4 24 | $260.0M | $164.0M | ||
| Q3 24 | $149.0M | $151.0M | ||
| Q2 24 | $-48.0M | $390.0M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $208.0M | $-155.0M | ||
| Q3 25 | $17.0M | $-168.0M | ||
| Q2 25 | $-267.0M | $67.0M | ||
| Q1 25 | $341.0M | $538.0M | ||
| Q4 24 | $151.0M | $-47.0M | ||
| Q3 24 | $15.0M | $-115.0M | ||
| Q2 24 | $-170.0M | $185.0M |
| Q1 26 | 53.8% | — | ||
| Q4 25 | 5.4% | -7.5% | ||
| Q3 25 | 0.5% | -14.4% | ||
| Q2 25 | -7.1% | 4.9% | ||
| Q1 25 | 9.0% | 20.4% | ||
| Q4 24 | 4.0% | -2.4% | ||
| Q3 24 | 0.4% | -9.5% | ||
| Q2 24 | -4.5% | 13.7% |
| Q1 26 | 16.1% | 4.7% | ||
| Q4 25 | 5.7% | 10.7% | ||
| Q3 25 | 3.5% | 22.1% | ||
| Q2 25 | 3.8% | 16.3% | ||
| Q1 25 | 6.3% | 5.5% | ||
| Q4 24 | 2.9% | 10.6% | ||
| Q3 24 | 3.6% | 22.0% | ||
| Q2 24 | 3.3% | 15.2% |
| Q1 26 | 55.76× | — | ||
| Q4 25 | 7.51× | 0.22× | ||
| Q3 25 | 2.15× | — | ||
| Q2 25 | -2.21× | — | ||
| Q1 25 | 8.42× | 1.43× | ||
| Q4 24 | 1.21× | 0.44× | ||
| 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 | $1.3B | 34% |
| United States | $1.0B | 27% |
| Strategic Markets | $916.0M | 24% |
| Japan | $556.0M | 15% |
UGI
| Utilities | $880.0M | 33% |
| AmeriGas Propane | $759.0M | 28% |
| UGI International | $621.0M | 23% |
| Other | $425.0M | 16% |
