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Side-by-side financial comparison of Kyndryl Holdings, Inc. (KD) and V F CORP (VFC). Click either name above to swap in a different company.
Kyndryl Holdings, Inc. is the larger business by last-quarter revenue ($3.8B vs $2.9B, roughly 1.3× V F CORP). V F CORP runs the higher net margin — 10.5% vs 0.5%, a 10.0% gap on every dollar of revenue. On growth, V F CORP posted the faster year-over-year revenue change (1.5% vs 0.0%). Kyndryl Holdings, Inc. produced more free cash flow last quarter ($2.0B vs $977.9M). Over the past eight quarters, V F CORP's revenue compounded faster (10.1% 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.
The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.
KD vs VFC — Head-to-Head
Income Statement — Q4 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $2.9B |
| Net Profit | $17.0M | $300.8M |
| Gross Margin | — | 56.6% |
| Operating Margin | 3.5% | 10.1% |
| Net Margin | 0.5% | 10.5% |
| Revenue YoY | 0.0% | 1.5% |
| Net Profit YoY | -75.0% | 79.3% |
| EPS (diluted) | $0.08 | $0.76 |
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 | — | ||
| Q4 25 | $3.9B | $2.9B | ||
| Q3 25 | $3.7B | $2.8B | ||
| Q2 25 | $3.7B | $1.8B | ||
| Q1 25 | $3.8B | $2.0B | ||
| Q4 24 | $3.7B | $2.8B | ||
| Q3 24 | $3.8B | $2.8B | ||
| Q2 24 | $3.7B | $1.9B |
| Q1 26 | $17.0M | — | ||
| Q4 25 | $57.0M | $300.8M | ||
| Q3 25 | $68.0M | $189.8M | ||
| Q2 25 | $56.0M | $-116.4M | ||
| Q1 25 | $69.0M | $-150.8M | ||
| Q4 24 | $215.0M | $167.8M | ||
| Q3 24 | $-43.0M | $52.2M | ||
| Q2 24 | $11.0M | $-258.9M |
| Q1 26 | — | — | ||
| Q4 25 | 21.8% | 56.6% | ||
| Q3 25 | 21.5% | 52.2% | ||
| Q2 25 | 21.3% | 53.9% | ||
| Q1 25 | 21.7% | 52.7% | ||
| Q4 24 | 20.4% | 56.3% | ||
| Q3 24 | 19.9% | 52.2% | ||
| Q2 24 | 21.5% | 52.0% |
| Q1 26 | 3.5% | — | ||
| Q4 25 | 2.4% | 10.1% | ||
| Q3 25 | 2.6% | 11.2% | ||
| Q2 25 | 2.5% | -4.9% | ||
| Q1 25 | 3.1% | 2.2% | ||
| Q4 24 | 6.9% | 8.0% | ||
| Q3 24 | -0.1% | 9.9% | ||
| Q2 24 | 1.7% | -12.6% |
| Q1 26 | 0.5% | — | ||
| Q4 25 | 1.5% | 10.5% | ||
| Q3 25 | 1.8% | 6.8% | ||
| Q2 25 | 1.5% | -6.6% | ||
| Q1 25 | 1.8% | -7.5% | ||
| Q4 24 | 5.7% | 5.9% | ||
| Q3 24 | -1.1% | 1.9% | ||
| Q2 24 | 0.3% | -13.6% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.25 | $0.76 | ||
| Q3 25 | $0.29 | $0.48 | ||
| Q2 25 | $0.23 | $-0.30 | ||
| Q1 25 | $0.30 | $-0.37 | ||
| Q4 24 | $0.89 | $0.43 | ||
| Q3 24 | $-0.19 | $0.13 | ||
| Q2 24 | $0.05 | $-0.67 |
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 | $1.5B |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | — | $1.8B |
| Total Assets | — | $10.4B |
| Debt / EquityLower = less leverage | — | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.6B | — | ||
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.3B | $419.1M | ||
| Q2 25 | $1.5B | $642.4M | ||
| Q1 25 | $1.8B | $429.4M | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | $1.3B | $492.2M | ||
| Q2 24 | $1.3B | $637.4M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $3.6B | ||
| Q3 25 | $3.0B | $3.5B | ||
| Q2 25 | $3.0B | $3.6B | ||
| Q1 25 | $3.0B | $3.4B | ||
| Q4 24 | $3.1B | $3.9B | ||
| Q3 24 | $3.1B | $4.0B | ||
| Q2 24 | $3.1B | $3.9B |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $996.0M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $11.3B | $10.4B | ||
| Q3 25 | $11.2B | $10.6B | ||
| Q2 25 | $11.5B | $10.2B | ||
| Q1 25 | $10.5B | $9.4B | ||
| Q4 24 | $9.9B | $10.6B | ||
| Q3 24 | $10.4B | $12.2B | ||
| Q2 24 | $10.2B | $11.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.92× | 1.99× | ||
| Q3 25 | 2.45× | 2.40× | ||
| Q2 25 | 2.44× | 2.76× | ||
| Q1 25 | 2.50× | 2.30× | ||
| Q4 24 | 2.81× | 2.31× | ||
| Q3 24 | 2.92× | 2.86× | ||
| Q2 24 | 3.12× | 2.84× |
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 | $1.0B |
| Free Cash FlowOCF − Capex | $2.0B | $977.9M |
| FCF MarginFCF / Revenue | 53.8% | 34.0% |
| Capex IntensityCapex / Revenue | 16.1% | 1.1% |
| Cash ConversionOCF / Net Profit | 55.76× | 3.36× |
| TTM Free Cash FlowTrailing 4 quarters | $2.0B | $357.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $948.0M | — | ||
| Q4 25 | $428.0M | $1.0B | ||
| Q3 25 | $146.0M | $-227.0M | ||
| Q2 25 | $-124.0M | $-145.5M | ||
| Q1 25 | $581.0M | $-171.1M | ||
| Q4 24 | $260.0M | $918.1M | ||
| Q3 24 | $149.0M | $-301.6M | ||
| Q2 24 | $-48.0M | $19.8M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $208.0M | $977.9M | ||
| Q3 25 | $17.0M | $-253.5M | ||
| Q2 25 | $-267.0M | $-173.7M | ||
| Q1 25 | $341.0M | $-193.0M | ||
| Q4 24 | $151.0M | $899.7M | ||
| Q3 24 | $15.0M | $-322.4M | ||
| Q2 24 | $-170.0M | $-5.4M |
| Q1 26 | 53.8% | — | ||
| Q4 25 | 5.4% | 34.0% | ||
| Q3 25 | 0.5% | -9.0% | ||
| Q2 25 | -7.1% | -9.9% | ||
| Q1 25 | 9.0% | -9.6% | ||
| Q4 24 | 4.0% | 31.7% | ||
| Q3 24 | 0.4% | -11.7% | ||
| Q2 24 | -4.5% | -0.3% |
| Q1 26 | 16.1% | — | ||
| Q4 25 | 5.7% | 1.1% | ||
| Q3 25 | 3.5% | 0.9% | ||
| Q2 25 | 3.8% | 1.6% | ||
| Q1 25 | 6.3% | 1.1% | ||
| Q4 24 | 2.9% | 0.6% | ||
| Q3 24 | 3.6% | 0.8% | ||
| Q2 24 | 3.3% | 1.3% |
| Q1 26 | 55.76× | — | ||
| Q4 25 | 7.51× | 3.36× | ||
| Q3 25 | 2.15× | -1.20× | ||
| Q2 25 | -2.21× | — | ||
| Q1 25 | 8.42× | — | ||
| Q4 24 | 1.21× | 5.47× | ||
| Q3 24 | — | -5.78× | ||
| 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% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
