Filing Flows › KKR (KKR) › Q4 2024
KKR (KKR) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 28, 2025
KKR (KKR) reported revenue of $3.3B for the fourth quarter 2024 (Q4 2024), -26% from a year earlier and -32% from the quarter before. Operating margin was 50.4%, net earnings $1.1B (34.5% of revenue).
KKR, Q4 2024: revenue $3.3B (-26% year over year), operating margin 50.4%, net earnings $1.1B, operating cash flow −$112M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | -32% | -26% |
| Operating profit | $1.6B | -0.1% | -12% |
| Net earnings | $1.1B | +87% | +8% |
| Operating cash flow | −$112M | — | — |
What changed
Revenue was $3.3B in Q4 2024, down 26% year over year and down 32% from the previous quarter. Insurance was the largest line at 56% of revenue.
Operating profit was $1.6B, a 50.4% margin (up 8.1 points year over year). Total costs fell 37% while revenue fell 26%. Net earnings were $1.1B, up 8% year over year. The effective tax rate was 15.7%.
Operating cash flow was −$0.11B. Non-cash charges added back $0.19B of share-based compensation. Working capital and other items used $1.7B. Capital expenditures of $0.05B exceeded it, leaving free cash flow of −$0.16B.
Questions
What was KKR's revenue in the fourth quarter 2024?
KKR (KKR) reported revenue of $3.3B for the fourth quarter 2024 (Q4 2024), -26% from a year earlier and -32% from the quarter before.
Was KKR profitable in the fourth quarter 2024?
Operating profit was $1.6B (50.4% of revenue) and net earnings $1.1B.
Source: KKR 10-K on SEC EDGAR.