Korn Ferry (KFY)
Net profit margin
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 247,007 | 247,664 | 185,153 | 169,154 | 151,459 | 103,635 | 178,887 | 209,529 | 253,699 | 326,553 | 328,784 | 326,360 | 300,886 | 268,104 | 220,110 | 114,454 | 47,462 | 16,136 | 31,162 | 104,946 |
| Revenue (ttm) | US$ in thousands | 2,741,182 | 2,741,517 | 2,772,004 | 2,795,505 | 2,833,706 | 2,843,678 | 2,866,950 | 2,863,836 | 2,852,715 | 2,850,826 | 2,758,505 | 2,643,455 | 2,473,846 | 2,266,770 | 2,061,161 | 1,819,946 | 1,711,528 | 1,761,627 | 1,828,015 | 1,977,330 |
| Net profit margin | 9.01% | 9.03% | 6.68% | 6.05% | 5.34% | 3.64% | 6.24% | 7.32% | 8.89% | 11.45% | 11.92% | 12.35% | 12.16% | 11.83% | 10.68% | 6.29% | 2.77% | 0.92% | 1.70% | 5.31% |
January 31, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $247,007K ÷ $2,741,182K
= 9.01%
The analysis of Korn Ferry's net profit margin over the specified period reveals significant fluctuations with notable trends and events impacting profitability.
Initially, at the end of April 2020, the net profit margin was recorded at 5.31%. During the subsequent quarter ending July 31, 2020, the margin declined sharply to 1.70%, followed by a further decrease to 0.92% by October 31, 2020. This decline coincided with the early months of the COVID-19 pandemic, which likely exerted downward pressure on profitability due to economic disruptions and reduced client engagements.
In early 2021, the net profit margin exhibited signs of recovery, rising to 2.77% as of January 31, 2021. The upward trajectory continued markedly through 2021, reaching 6.29% by April 30, 2021, and then experiencing a substantial increase to 10.68% as of July 31, 2021. The margin further improved to 11.83% by October 31, 2021, and sustained an upward trend into early 2022, achieving 12.16% on January 31, 2022, and peaking at 12.35% by April 30, 2022.
Throughout 2022, the net profit margin remained relatively stable but showed a slight decline by the end of the year, registering 11.92% on July 31, 2022, and decreasing marginally to 11.45% by October 31, 2022.
In 2023, there was a notable decline in net profit margins, beginning at 8.89% on January 31, 2023, and continuing downward to 7.32% by April 30, 2023. This declined further to 6.24% on July 31, 2023, and then experienced a significant drop to 3.64% by October 31, 2023. The reduction suggests pressures on profitability, possibly due to market conditions, operational challenges, or strategic shifts.
Starting in early 2024, the net profit margin showed signs of recovery, increasing to 5.34% by January 31, 2024, and further improving to 6.05% on April 30, 2024. The upward trend continued through July 31, 2024, reaching 6.68%, with a notable increase to 9.03% by October 31, 2024. As of January 31, 2025, the margin stabilized at approximately 9.01%.
Overall, Korn Ferry's net profit margin reflects a period of vulnerability during the early phase of the COVID-19 pandemic, followed by a robust recovery throughout 2021 and 2022. The margin subsequently declined in 2023, indicating reduced profitability, before beginning a recovery trend in early 2024 that stabilizes at a higher level by the beginning of 2025. This pattern suggests resilience and operational adjustments in response to market conditions, with ongoing efforts likely aimed at restoring profitability margins to pre-pandemic highs.
Peer comparison
Jan 31, 2025