KKR & Co. Inc. (KKR) Stock

KKR & Co. Inc. (KKR) is a Financials stock trading at $107.08 (as of 2026-08-20), with a market capitalization of $96.12B and a trailing P/E of 30.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

KKR & Co. Inc. is a firm focused on private equity and real estate investing through both direct investments and fund-based investments. It makes investments across multiple strategies and industries, serving businesses and investment opportunities that align with its investment approach.

Understand KKR & Co. Inc.: how it makes money

KKR runs a private equity and other investment business (direct and fund of funds) and earns money through fee-related revenues from asset management and transaction fees, plus insurance-related investment income.

KKR's profit engine is largely the combination of asset-based fee economics (fee-related revenues and fee-related earnings) and other investment income streams (insurance net investment income and strategic holding investment results).

Revenue by segment (latest quarter)
Insur	$2.3B
AssetMg	$1.5B
CapMkt	$0.4B
StratHold	$0.1B

Business quality (Weak): The latest quarter provides a workable revenue mix using available segment-like line items (insurance revenues, asset management revenues, capital markets transaction fees, and strategic net realized investment income). However, AUM is provided as an operating metric, and several alternative GAAP and non-GAAP revenue labels appear in the inputs, so the segment mapping relies on the specific chosen labels.

Valuation: At 29× earnings, KKR trades 12% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

Asset management scale supports fee generation: KKR reports AUM by Segment - Private Equity (170.14 USD_B) alongside fee-related revenues and fee-related earnings, showing the business model links invested capital and activity to recurring earnings streams.
Earnings mix is not purely tied to deal activity: In addition to capital markets revenues (transaction fees), KKR also reports insurance revenues and strategic holding net realized investment income, which can diversify sources of profitability.

Bear case

Lower deal activity can reduce fee-based earnings: Capital markets revenue is labeled as transaction fees (0.42 USD_B in the provided set), so periods with fewer or smaller transactions may weigh on this revenue line.
Investment outcomes drive insurance and strategic results: KKR has insurance revenues and net realized investment income (strategic holding segment). If investment performance is weaker, these components can decline.

Valuation — source: SEC EDGAR (first-party)
Price	$107.08
Market Cap	$96.12B
P/E Ratio	30.5
EV / EBITDA	11.6
Price / Book	1.24
Price / Sales	4.51
DCF Value (model)	$3.06
DCF Upside vs Price	-97.1%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$19.46B
Net Margin	12.2%
Revenue Growth (YoY)	12.5%

Valuation vs Sector & Industry
Stock P/E	30.5
Sector P/E (Financials)	15.1
Industry P/E (Trading)	34.6
vs Sector	101.5%
vs Industry	-11.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($7.66B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Financials
Industry	Trading
CEO	Joseph Y. Bae
Employees	4,834
Country	US
IPO Date	2010-07-15

Related Companies (Business model: Asset Manager (Traditional + Alternatives); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.