KKR Group Finance Co. IX LLC 4.(KKRS)Earnings, Financials & Key Ratios

KKRS•NYSE

$16.26

Price updated Jul 7, 2026

SectorFinancial Services IndustryCredit Services Sub-IndustryCredit Servicing and Structured Finance

AboutFunctions as a financing subsidiary/special purpose entityShow more

EBITDA$13.27B-18.2%
Net Income$0-100.0%
EPS (Diluted)0.00-100.0%
Gross Margin75.8%-5.5%
EBITDA Margin68.2%-8.1%
Operating Margin68.2%-8.1%

KKRS Price & Volume

KKR Group Finance Co. IX LLC 4. (KKRS) stock price & volume — 10-year historical chart

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Volatile Realization Cycles Obscure Core Profitability

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Contracting

Profitability:Strained

Financial:Mixed

Cash Flow:Mixed

Primary Risk:Principal Investment Exposure

Key Thesis Takeaways

KKRS exhibits a complex financial profile driven by aggressive insurance-integrated asset scaling, which has seen total assets expand to $412.1 billion as of 2026Q1.
While the firm has successfully eliminated its corporate debt burden, the reliance on mark-to-market investment gains creates significant earnings volatility, evidenced by the swing from a $1.8 billion profit in 2025Q3 to a $3.9 billion loss in 2025Q4.
Investors should monitor the sustainability of these realization cycles, as the current 10.7% net margin and high sensitivity to non-cash adjustments complicate long-term valuation assessments.

Verdict Logic

while the firm has successfully reached a zero-debt capital structure, the extreme volatility in quarterly net income and the 45.43 P/FCF multiple suggest that the current valuation may not fully account for the risks inherent in its principal investment model.

KKRS Growth Metrics

KKR Group Finance Co. IX LLC 4. (KKRS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years12.18%

5 Years35.69%

3 Years51.79%

TTM-

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-105.33%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM7.5%

Return on Capital

10 Years135.11%

5 Years269.81%

3 Years447.4%

Last Year1329.5%

Peers Comparison

Key metrics vs top competitors for KKR Group Finance Co. IX LLC 4. (KKRS)

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Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
KKRSKKR Group Finance Co. IX LLC 4.Current	$16.26	$14.43B	—	-11.04%	—	—	—
KKRKKR & Co. Inc.	$95.14	$85.42B	40.66	-10.99%	14.82%	3.84%	—
APOApollo Global Management, Inc.	$119.33	$68.8B	16.44	16.03%	7.24%	5.52%	—
BXBlackstone Inc.	$120.88	$94.7B	31.15	21.58%	20.38%	14.25%	—
CGThe Carlyle Group Inc.	$44.01	$15.9B	20.19	19.8%	13.7%	7.81%	—
ARESAres Management Corporation	$120.70	$39.64B	61.58	66.55%	9.87%	7.34%	—