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Korn Ferry KFY Hay Group — Net prior service credit amortization

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Other financials

Income statement

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Revenue$725.0M+7.2%
Operating income$91.0M+16.3%
Net income$65.3M+11.7%
EPS (diluted)$1.23+11.8%

Balance sheet

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Cash & equivalents$938.4M+20.4%
Total debt$564.5M-0.6%
Total equity$2.0B+11.7%
Total assets$3.9B+8.2%

Cash flow

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Operating cash flow$233.5M+9.2%
CapEx$21.7M+25.0%
Free cash flow$211.7M+7.8%

Valuation

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Market cap$3.72B-0.6%

Profitability

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Operating margin13.1%+1.2pp
Net margin9.3%+0.3pp
FCF margin10%

Returns & leverage

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Return on equity14.2%0.0pp
Debt / equity0.3×0.0×
Current ratio+0.1×

Where this comes from

Reported directly by Korn Ferry in its filing.

Tagged under the XBRL concept us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit.

The official record: Korn Ferry’s 10-K, filed June 27, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Korn Ferry's hay group — net prior service credit amortization?
Korn Ferry (KFY) reported hay group — net prior service credit amortization of -$77K in Q1 2025.
How has Korn Ferry's hay group — net prior service credit amortization changed year-over-year?
Korn Ferry's hay group — net prior service credit amortization decreased by 0.0% year-over-year, from -$77K to -$77K.
What is the long-term trend for Korn Ferry's hay group — net prior service credit amortization?
Over 4 years (2021 to 2025), Korn Ferry's hay group — net prior service credit amortization has grown at a 0.0% compound annual growth rate (CAGR), from -$308K to -$308K.
What does hay group — net prior service credit amortization mean?
The periodic recognition of prior service credits in the income statement, which reduces the net periodic benefit cost for the Hay Group segment. This reflects the accounting treatment of plan amendments that decrease future benefit obligations, effectively acting as a non-cash gain over time.