Korn Ferry (KFY)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 246,062 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,866,460 | 1,792,740 | 1,777,740 | 1,753,840 | 1,733,060 | 1,703,620 | 1,656,150 | 1,686,680 | 1,648,070 | 1,608,980 | 1,578,050 | 1,564,750 | 1,544,350 | 1,531,280 | 1,479,520 | 1,417,190 | 1,366,390 | 1,293,190 | 1,219,970 | 1,215,660 |
| ROE | 13.18% | 13.78% | 13.93% | 10.56% | 9.76% | 8.89% | 6.26% | 10.61% | 12.71% | 15.77% | 20.69% | 21.01% | 21.13% | 19.65% | 18.12% | 15.53% | 8.38% | 3.67% | 1.32% | 2.56% |
April 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $246,062K ÷ $1,866,460K
= 13.18%
The provided data indicates that Korn Ferry’s return on equity (ROE) has experienced notable fluctuations over the period from July 2020 through April 2025. Initially, in July 2020, the ROE was relatively low at approximately 2.56%, reflecting modest profitability relative to shareholders' equity during the early phase of the COVID-19 pandemic.
Throughout the subsequent quarters, the ROE demonstrated a significant upward trajectory. This positive trend is particularly evident from July 2021 onward, where the ROE increased sharply from roughly 15.53% to over 20% by October 2022. The peak was observed around April 2022 at approximately 21.13%, suggesting a period of strong profitability and efficient utilization of shareholders' equity.
After reaching this peak, the ROE experienced a gradual decline, with figures decreasing to approximately 15.77% in January 2023 and further down to around 10.61% by July 2023. This downward trend indicates a reduction in profitability margins or shifts in the company’s financial leverage or asset efficiency during this period.
Most recently, from October 2023 onward, the ROE has shown signs of recovery, rising from 6.26% to approximately 13.93% by October 2024. The subsequent quarters suggest a stabilization and slight improvement, with ROE reaching around 13.78% in January 2025 and slightly declining to 13.18% by April 2025.
Overall, the ROE pattern reflects a period of strong performance in late 2021 and early 2022, followed by a decline through 2023, and a modest recovery into 2024 and early 2025. The fluctuations may correspond to changes in market conditions, strategic initiatives, or operational factors affecting net income and shareholders' equity levels.
Peer comparison
Apr 30, 2025