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Side-by-side financial comparison of KKR & Co. (KKR) and ServiceNow (NOW). Click either name above to swap in a different company.
KKR & Co. is the larger business by last-quarter revenue ($5.7B vs $3.8B, roughly 1.5× ServiceNow). KKR & Co. runs the higher net margin — 20.0% vs 12.4%, a 7.5% gap on every dollar of revenue. On growth, KKR & Co. posted the faster year-over-year revenue change (76.1% vs 2.8%). Over the past eight quarters, ServiceNow's revenue compounded faster (19.8% 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.
ServiceNow, Inc. is an American software company that supplies a cloud computing platform for the creation and management of automated business workflows. The company was founded in Santa Clara, California, United States, in 2003 by Fred Luddy. It is listed on the New York Stock Exchange and is a constituent of the S&P 100 and S&P 500 indices.
KKR vs NOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.7B | $3.8B |
| Net Profit | $1.1B | $469.0M |
| Gross Margin | — | 75.1% |
| Operating Margin | 45.3% | 13.3% |
| Net Margin | 20.0% | 12.4% |
| Revenue YoY | 76.1% | 2.8% |
| Net Profit YoY | 1.8% | -53.7% |
| EPS (diluted) | — | $1.04 |
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 | $5.7B | $3.6B | ||
| Q3 25 | $5.5B | $3.4B | ||
| Q2 25 | $5.1B | $3.2B | ||
| Q1 25 | $3.1B | $3.1B | ||
| Q4 24 | $3.3B | $3.0B | ||
| Q3 24 | $4.8B | $2.8B | ||
| Q2 24 | $4.2B | $2.6B |
| Q1 26 | — | $469.0M | ||
| Q4 25 | $1.1B | $401.0M | ||
| Q3 25 | $900.4M | $502.0M | ||
| Q2 25 | $510.1M | $385.0M | ||
| Q1 25 | $-185.9M | $460.0M | ||
| Q4 24 | $1.1B | $384.0M | ||
| Q3 24 | $600.5M | $432.0M | ||
| Q2 24 | $667.9M | $262.0M |
| Q1 26 | — | 75.1% | ||
| Q4 25 | — | 76.6% | ||
| Q3 25 | — | 77.3% | ||
| Q2 25 | — | 77.5% | ||
| Q1 25 | — | 78.9% | ||
| Q4 24 | — | 78.7% | ||
| Q3 24 | — | 79.1% | ||
| Q2 24 | — | 79.0% |
| Q1 26 | — | 13.3% | ||
| Q4 25 | 45.3% | 12.4% | ||
| Q3 25 | 39.8% | 16.8% | ||
| Q2 25 | 30.0% | 11.1% | ||
| Q1 25 | 24.8% | 14.6% | ||
| Q4 24 | 50.4% | 12.6% | ||
| Q3 24 | 34.3% | 14.9% | ||
| Q2 24 | 29.0% | 9.1% |
| Q1 26 | — | 12.4% | ||
| Q4 25 | 20.0% | 11.2% | ||
| Q3 25 | 16.3% | 14.7% | ||
| Q2 25 | 10.0% | 12.0% | ||
| Q1 25 | -6.0% | 14.9% | ||
| Q4 24 | 34.5% | 13.0% | ||
| Q3 24 | 12.5% | 15.4% | ||
| Q2 24 | 16.0% | 10.0% |
| Q1 26 | — | $1.04 | ||
| Q4 25 | — | $-4.77 | ||
| Q3 25 | — | $2.40 | ||
| Q2 25 | — | $1.84 | ||
| Q1 25 | — | $2.20 | ||
| Q4 24 | — | $1.84 | ||
| Q3 24 | — | $2.07 | ||
| Q2 24 | — | $1.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.7B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $30.9B | $11.7B |
| Total Assets | $410.1B | $24.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.7B | ||
| Q4 25 | — | $3.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | — | $11.7B | ||
| Q4 25 | $30.9B | $13.0B | ||
| Q3 25 | $29.7B | $11.3B | ||
| Q2 25 | $28.2B | $10.9B | ||
| Q1 25 | $27.5B | $10.1B | ||
| Q4 24 | $23.7B | $9.6B | ||
| Q3 24 | $24.1B | $9.3B | ||
| Q2 24 | $21.7B | $8.7B |
| Q1 26 | — | $24.4B | ||
| Q4 25 | $410.1B | $26.0B | ||
| Q3 25 | $398.5B | $21.8B | ||
| Q2 25 | $380.9B | $22.1B | ||
| Q1 25 | $372.4B | $21.0B | ||
| Q4 24 | $360.1B | $20.4B | ||
| Q3 24 | $360.7B | $18.4B | ||
| Q2 24 | $348.5B | $18.2B |
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 | $1.7B |
| Free Cash FlowOCF − Capex | — | $1.7B |
| FCF MarginFCF / Revenue | — | 44.2% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -4.28× | 3.56× |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.7B | ||
| Q4 25 | $-4.9B | $2.2B | ||
| Q3 25 | $2.4B | $813.0M | ||
| Q2 25 | $438.8M | $716.0M | ||
| Q1 25 | $2.5B | $1.7B | ||
| Q4 24 | $-111.7M | $1.6B | ||
| Q3 24 | $1.9B | $671.0M | ||
| Q2 24 | $3.4B | $620.0M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $578.0M | ||
| Q2 25 | — | $526.0M | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $469.0M | ||
| Q2 24 | — | $358.0M |
| Q1 26 | — | 44.2% | ||
| Q4 25 | — | 56.1% | ||
| Q3 25 | — | 17.0% | ||
| Q2 25 | — | 16.4% | ||
| Q1 25 | — | 47.7% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 13.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.7% | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | — | 5.9% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 10.0% |
| Q1 26 | — | 3.56× | ||
| Q4 25 | -4.28× | 5.58× | ||
| Q3 25 | 2.65× | 1.62× | ||
| Q2 25 | 0.86× | 1.86× | ||
| Q1 25 | — | 3.65× | ||
| Q4 24 | -0.10× | 4.26× | ||
| Q3 24 | 3.12× | 1.55× | ||
| Q2 24 | 5.03× | 2.37× |
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% |
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
