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Side-by-side financial comparison of KKR & Co. (KKR) and McDonald's (MCD). Click either name above to swap in a different company.
McDonald's is the larger business by last-quarter revenue ($6.5B vs $5.7B, roughly 1.1× KKR & Co.). McDonald's runs the higher net margin — 30.4% vs 20.0%, a 10.5% gap on every dollar of revenue. On growth, KKR & Co. posted the faster year-over-year revenue change (76.1% vs 9.4%). Over the past eight quarters, McDonald's's revenue compounded faster (0.2% CAGR vs -22.9%).
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global private equity and investment company. As of December 31, 2024, the firm had completed 770 private-equity investments with approximately $790 billion of total enterprise value. Its assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively.
McDonald's Corporation, doing business as McDonald's, is an American multinational fast food restaurant chain. As of 2024, it is the second-largest by number of locations in the world, behind the Chinese chain Mixue Ice Cream & Tea.
KKR vs MCD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.7B | $6.5B |
| Net Profit | $1.1B | $2.0B |
| Gross Margin | — | — |
| Operating Margin | 45.3% | 0.1% |
| Net Margin | 20.0% | 30.4% |
| Revenue YoY | 76.1% | 9.4% |
| Net Profit YoY | 1.8% | — |
| EPS (diluted) | — | $2.00 |
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 | — | $6.5B | ||
| Q4 25 | $5.7B | $7.0B | ||
| Q3 25 | $5.5B | $7.1B | ||
| Q2 25 | $5.1B | $6.8B | ||
| Q1 25 | $3.1B | $6.0B | ||
| Q4 24 | $3.3B | $6.4B | ||
| Q3 24 | $4.8B | $6.9B | ||
| Q2 24 | $4.2B | $6.5B |
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $900.4M | $2.3B | ||
| Q2 25 | $510.1M | $2.3B | ||
| Q1 25 | $-185.9M | $1.9B | ||
| Q4 24 | $1.1B | $2.0B | ||
| Q3 24 | $600.5M | $2.3B | ||
| Q2 24 | $667.9M | $2.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 90.6% | ||
| Q2 25 | — | 90.4% | ||
| Q1 25 | — | 89.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 90.6% | ||
| Q2 24 | — | 90.3% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 45.3% | 45.0% | ||
| Q3 25 | 39.8% | 47.4% | ||
| Q2 25 | 30.0% | 47.2% | ||
| Q1 25 | 24.8% | 44.5% | ||
| Q4 24 | 50.4% | 44.9% | ||
| Q3 24 | 34.3% | 46.4% | ||
| Q2 24 | 29.0% | 45.0% |
| Q1 26 | — | 30.4% | ||
| Q4 25 | 20.0% | 30.9% | ||
| Q3 25 | 16.3% | 32.2% | ||
| Q2 25 | 10.0% | 32.9% | ||
| Q1 25 | -6.0% | 31.4% | ||
| Q4 24 | 34.5% | 31.6% | ||
| Q3 24 | 12.5% | 32.8% | ||
| Q2 24 | 16.0% | 31.2% |
| Q1 26 | — | $2.00 | ||
| Q4 25 | — | $3.03 | ||
| Q3 25 | — | $3.18 | ||
| Q2 25 | — | $3.14 | ||
| Q1 25 | — | $2.60 | ||
| Q4 24 | — | $2.80 | ||
| Q3 24 | — | $3.13 | ||
| Q2 24 | — | $2.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $30.9B | — |
| Total Assets | $410.1B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $774.0M | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $792.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $40.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $38.4B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $30.9B | $-1.8B | ||
| Q3 25 | $29.7B | $-2.2B | ||
| Q2 25 | $28.2B | $-2.8B | ||
| Q1 25 | $27.5B | $-3.5B | ||
| Q4 24 | $23.7B | $-3.8B | ||
| Q3 24 | $24.1B | $-5.2B | ||
| Q2 24 | $21.7B | $-4.8B |
| Q1 26 | — | — | ||
| Q4 25 | $410.1B | $59.5B | ||
| Q3 25 | $398.5B | $60.6B | ||
| Q2 25 | $380.9B | $59.6B | ||
| Q1 25 | $372.4B | $56.3B | ||
| Q4 24 | $360.1B | $55.2B | ||
| Q3 24 | $360.7B | $56.2B | ||
| Q2 24 | $348.5B | $53.8B |
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 | $-4.9B | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -4.28× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-4.9B | $2.7B | ||
| Q3 25 | $2.4B | $3.4B | ||
| Q2 25 | $438.8M | $2.0B | ||
| Q1 25 | $2.5B | $2.4B | ||
| Q4 24 | $-111.7M | $2.6B | ||
| Q3 24 | $1.9B | $2.7B | ||
| Q2 24 | $3.4B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 23.4% | ||
| Q3 25 | — | 34.1% | ||
| Q2 25 | — | 18.3% | ||
| Q1 25 | — | 31.5% | ||
| Q4 24 | — | 28.6% | ||
| Q3 24 | — | 28.3% | ||
| Q2 24 | — | 16.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 15.1% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | -4.28× | 1.25× | ||
| Q3 25 | 2.65× | 1.50× | ||
| Q2 25 | 0.86× | 0.89× | ||
| Q1 25 | — | 1.30× | ||
| Q4 24 | -0.10× | 1.30× | ||
| Q3 24 | 3.12× | 1.21× | ||
| Q2 24 | 5.03× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KKR
| Insurance Segment | $3.5B | 61% |
| Asset Management1 | $703.7M | 12% |
| Transaction Fee | $512.0M | 9% |
| Transaction And Monitoring Fees | $268.7M | 5% |
| Fee Credit | $230.1M | 4% |
| Other | $201.5M | 4% |
| Fixed Annuity | $77.0M | 1% |
| Asset Management Segment | $56.9M | 1% |
| Monitoring Fee | $53.5M | 1% |
| Investment Advice | $40.6M | 1% |
| Fee Related Performance | $33.6M | 1% |
| Interest Sensitive Life | $21.7M | 0% |
| Incentive Fee | $11.0M | 0% |
MCD
| Other | $2.5B | 38% |
| International Operated Markets | $1.8B | 27% |
| U.S | $1.8B | 27% |
| International Developmental Licensed Markets & Corporate | $476.0M | 7% |
