What is Korn Ferry's net debt?

Korn Ferry (KFY) reported net debt of -$373.82M in Q4 2025.

How has Korn Ferry's net debt changed year-over-year?

Korn Ferry's net debt decreased by 77.0% year-over-year, from -$211.21M to -$373.82M.

What is the long-term trend for Korn Ferry's net debt?

Over 4 years (2021 to 2025), Korn Ferry's net debt has grown at a 14.9% compound annual growth rate (CAGR), from -$249.69M to -$435.75M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Korn Ferry KFY Net debt

Discontinued — last reported Q3 '26

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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

See full

Return on equity14.2%0.0pp

Debt / equity0.3×0.0×

Current ratio2×+0.1×

Where this comes from

Calculated from Korn Ferry’s reported figures.

$564.5Mtotal debt−$938.4Mcash and equivalents=-$373.82M

The official record: Korn Ferry’s 10-Q, filed March 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Korn Ferry's net debt?: Korn Ferry (KFY) reported net debt of -$373.82M in Q4 2025.
How has Korn Ferry's net debt changed year-over-year?: Korn Ferry's net debt decreased by 77.0% year-over-year, from -$211.21M to -$373.82M.
What is the long-term trend for Korn Ferry's net debt?: Over 4 years (2021 to 2025), Korn Ferry's net debt has grown at a 14.9% compound annual growth rate (CAGR), from -$249.69M to -$435.75M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.