Gartner vs Kyndryl
Kyndryl reported revenue of $15.1 billion in fiscal 2026, 2.3 times Gartner's $6.5 billion in fiscal 2025. Gartner's revenue grew 3.7% in its latest year, and Kyndryl's grew 0.2%. Free cash flow was $1.2 billion at Gartner and $340 million at Kyndryl. Their fiscal years end in different months (December 31 and March 31), so the periods don't line up exactly.
Side by side
| Gartner | Kyndryl | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Mar 31, 2026 |
| Revenue | $6.5B | $15.1B |
| Revenue growth | 3.7% | 0.2% |
| Revenue growth a year, last 5 years | 9.6% | −4.9% |
| Gross margin | 68.8% | 21.8% |
| Operating margin | 15.8% | — |
| Net margin | 11.2% | 1.3% |
| Free cash flow | $1.2B | $340M |
| Free cash flow margin | 18.1% | 2.2% |
| Return on capital | 44.6% | 7.8% |
| Net debt to EBITDA | 1.0x | 1.8x |
| Dividends and buybacks | $2.0B | $304M |
| Change in diluted share count | −3.5% | −2.2% |
| Last close | $231.03 | $14.68 |
| P/E at the last close | 20.8× | 39.7× |
| Insider trades, last 12 months | bought $9.9 million, sold $1.5 million | sold $177,248 |
| Piotroski F-score | 5 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
GartnerKyndryl
Operating margin
Percent of revenue
GartnerKyndryl
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
GartnerKyndryl