Korn Ferry (KFY)
Operating profit margin
| Apr 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 346,322 | 329,645 | 301,280 | 236,620 | 217,338 | 202,032 | 164,678 | 261,509 | 316,340 | 382,512 | 496,289 | 480,418 | 470,074 | 417,573 | 356,438 | 300,834 | 155,784 | 91,759 | 58,199 | 71,896 |
| Revenue (ttm) | US$ in thousands | 2,761,086 | 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 |
| Operating profit margin | 12.54% | 12.03% | 10.99% | 8.54% | 7.77% | 7.13% | 5.79% | 9.12% | 11.05% | 13.41% | 17.41% | 17.42% | 17.78% | 16.88% | 15.72% | 14.60% | 8.56% | 5.36% | 3.30% | 3.93% |
April 30, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $346,322K ÷ $2,761,086K
= 12.54%
The analysis of Korn Ferry's operating profit margin over the provided time frame reveals significant fluctuations and an overall trend characterized by periods of growth followed by declines. Initially, the operating profit margin stood at 3.93% as of July 31, 2020, but experienced a slight decrease to 3.30% by October 31, 2020. During the subsequent period, a notable upward trajectory commenced, with the margin increasing to 5.36% by January 31, 2021, and further expanding to 8.56% by April 30, 2021.
The most pronounced growth phase occurred from mid-2021 through early 2022, where the operating profit margin saw substantial increases, reaching 14.60% on July 31, 2021, and rising to 15.72% by October 31, 2021. This upward momentum continued into early 2022, with the margin hitting 16.88% on January 31, 2022, followed by further growth to 17.78% as of April 30, 2022. During this period, the margins remained relatively stable around the 17% mark, with a slight decrease to 17.42% on July 31, 2022, and 17.41% on October 31, 2022.
From late 2022 onward, there was a noticeable decline. The operating profit margin dropped from 13.41% on January 31, 2023, to 11.05% on April 30, 2023, and continued downward to 9.12% as of July 31, 2023. The decline persisted into late 2023, with the margin decreasing further to 5.79% on October 31, 2023.
However, the data from late 2023 onwards indicates a gradual recovery, with the margin rising to 7.13% on January 31, 2024, and continuing an upward trend through April and July 2024, reaching 8.54% and 10.99% respectively. The momentum persisted into early 2025, with the margin increasing to 12.03% on January 31, 2025, and further to 12.54% by April 2025.
Overall, the operating profit margin experienced a substantial peak in late 2021 and early 2022, reflecting periods of improved profitability. The subsequent decline in late 2022 and 2023 suggests challenges in maintaining previous profit levels, possibly attributable to market, operational, or strategic factors. The recent recovery indicates a potential stabilization or improvement in operating efficiency or revenue generation, trending toward mid-2021 profitability levels.
Peer comparison
Apr 30, 2025