KFY vs TNET: Korn Ferry and TriNet compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Korn Ferry is the larger company, worth $3.8B, about 1.2 times TriNet.
- Korn Ferry grew revenue faster over the last year (+6.9% vs -4.8%).
- On earnings, Korn Ferry is the cheaper stock (14.6x vs 20.3x).
- TriNet's price assumes faster free cash flow growth: about -0% a year, against -2% for Korn Ferry (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | KFY | TNET |
|---|---|---|
| Market cap | $3.8B | $3.1B |
| Share price | $71.66 | $64.45 |
| Revenue (last fiscal year) | $2.9B | $5.0B |
| Free cash flow (last fiscal year) | $324M | $234M |
| Revenue growth, last year | +6.9% | -4.8% |
| Revenue growth per year, last 5 fiscal years | +2.7% | +2.5% |
| Operating margin | 12.9% | — |
| Net margin | 9.4% | 3.6% |
| Return on equity | 14.0% | 140.0% |
| P/E (trailing) | 14.6x | 20.3x |
| Price / free cash flow | 12.7x | 10.3x |
| EV / EBITDA | 6.91x | 7.26x |
| FCF growth the price implies | -2.0% | -0.22% |
| Dividend yield | 2.6% | 1.6% |
| Debt / equity | 0.91x | 25.8x |
| Fundamental grade | C | C |
| Superinvestors holding it | 5 | 1 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Korn Ferry
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $2.6B | $452M | 17.8% |
| 2023 | $2.9B | $274M | 11.0% |
| 2024 | $2.8B | $229M | 7.6% |
| 2025 | $2.8B | $302M | 12.5% |
| 2026 | $2.9B | $324M | 12.8% |
TriNet
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $4.5B | $178M | 10.0% |
| 2022 | $4.9B | $441M | 10.2% |
| 2023 | $4.9B | $464M | 9.5% |
| 2024 | $5.1B | $201M | — |
| 2025 | $5.0B | $234M | — |
Where the revenue comes from
Korn Ferry · by segments, 2026
Consulting$704M24%
North America$589M20%
Professional Search & Interim$566M19%
RPO$372M13%
Digital$364M12%
EMEA$217M7%
TriNet · by products, 2023
Insurance service revenues$4.2B85%
Professional service revenues$756M15%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open KFY in InvestinglyQuestions
Which is bigger, Korn Ferry or TriNet?
Korn Ferry (KFY), at $3.8B against $3.1B.
Is KFY or TNET cheaper?
By trailing P/E, Korn Ferry (14.6x) is cheaper than TriNet (20.3x). A lower multiple can also mean the market expects less growth.
Which grows faster, KFY or TNET?
Korn Ferry: revenue grew +6.9% over the last year, against -4.8%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.