KinderCare Learning Companies, Inc.

KLC

Consumer DefensiveSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

KinderCare Learning Companies, Inc. provides early childhood education and care services in the United States. The company offers community-based early childhood education services for infants, toddlers, preschool, and kindergarten students; and customized family care benefits for organizations, including care for young children on or near the site where their parents work, tuition benefits, and backup care under the KinderCare Learning Centers (KCLC) and Crème School brands. It also provides before-and after-school programs, including summer camp programs for preschool and school-age children under the Champions brand. The company was formerly known as KC Holdco, LLC and changed its name to KinderCare Learning Companies, Inc. in January 2022. KinderCare Learning Companies, Inc. was founded in 1969 and is headquartered in Lake Oswego, Oregon.

Valuation

Market Cap$480M

Current Price$4.24as of Jun 23, 2026

P/E Ratio-4.25

P/B Ratio0.64

EV / EBITDA25.06

EV / Sales1.05

Profitability

Operating Margin6.7%

Net Profit Margin-4.1%

EBITDA Margin4.2%

Returns

ROE-14.9%

ROCE5.6%

ROIC %-0.2%

ROA-3.0%

Solvency

Current Ratio0.74

Debt / Equity3.34

Debt / Assets0.67

CFO / Net Profit-2.11

Price History▼ 56.28% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$2.7B▲ 2.6%

EBITDA$115M▼ 45.4%

Net Profit$-113M▲ 21.6%

Cash from Ops (CFO)$239M▲ 105.8%

Free Cash Flow (FCF)$110M▼ 770.9%

Revenue CAGR 3Y8.1%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$2.7B	$115M	$-113M	$110M	-14.9%	2.6%	21.6%
2024	$2.7B	$210M	$-93M	$-16M	-10.7%	6.1%	-190.5%
2023	$2.5B	$392M	$103M	$174M	20.2%	15.9%	-53.2%
2022	$2.2B	$478M	$219M	$202M	53.8%	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	2,165.81	2,510.18	2,663.04	2,733.32
Operating Revenue	-	2,165.81	2,510.18	2,663.04	2,733.32
Cost Of Revenue	-	1,424.61	1,824.32	2,032.51	2,128.13
Gross Profit	-	741.20	685.86	630.52	605.19
Operating Expense	-	336.29	397.01	540.67	421.20
Selling General And Administration	-	247.78	287.97	423.06	297.23
Total Expenses	-	1,760.91	2,221.34	2,573.18	2,549.33
Operating Income	-	404.91	288.85	89.85	183.99
Total Operating Income As Reported	-	389.47	275.29	79.32	-20.06
EBITDA	-	477.73	391.86	209.91	114.60
Normalized EBITDA	-	493.16	405.42	220.45	318.65
EBIT	-	389.22	282.82	92.31	-9.37
Interest Income	-	2.97	6.14	7.37	4.83
Interest Expense	-	101.47	152.89	170.54	83.98
Net Interest Income	-	-98.50	-146.75	-163.17	-79.15
Other Non Operating Income Expenses	-	-3.22	1.39	5.62	5.86
Other Income Expense	-	-18.65	-12.17	-4.92	-198.19
Interest Income Non Operating	-	2.97	6.14	7.37	4.83
Interest Expense Non Operating	-	101.47	152.89	170.54	83.98
Net Non Operating Interest Income Expense	-	-98.50	-146.75	-163.17	-79.15
Pretax Income	-	287.75	129.93	-78.23	-93.34
Tax Provision	-	68.58	27.37	14.61	19.54
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	-3.67	-2.86	-2.21	-81.62
Net Income Continuous Operations	-	219.17	102.56	-92.84	-112.88
Net Income From Continuing And Discontinued Operation	-	219.17	102.56	-92.84	-112.88
Net Income From Continuing Operation Net Minority Interest	-	219.17	102.56	-92.84	-112.88
Net Income	-	219.17	102.56	-92.84	-112.88
Net Income Common Stockholders	-	219.17	102.56	-92.84	-112.88
Net Income Including Noncontrolling Interests	-	219.17	102.56	-92.84	-112.88
Normalized Income	-	230.93	113.26	-84.52	9.55
Diluted NI Availto Com Stockholders	-	219.17	102.56	-92.84	-112.88
Basic Average Shares	-	90.37	90.37	96.31	118.33
Diluted Average Shares	-	90.37	90.37	96.31	118.33
Reconciled Depreciation	-	88.51	109.04	117.61	123.97
Reconciled Cost Of Revenue	-	1,424.61	1,824.32	2,032.51	2,128.13
Total Unusual Items	-	-15.43	-13.56	-10.54	-204.05
Total Unusual Items Excluding Goodwill	-	-15.43	-13.56	-10.54	-204.05
Special Income Charges	-	-15.43	-13.56	-10.54	-204.05
Write Off	7.30	15.43	13.56	10.54	-
Impairment Of Capital Assets	-	15.43	13.56	10.54	204.05
Depreciation Amortization Depletion Income Statement	-	88.51	109.04	117.61	123.97
Depreciation And Amortization In Income Statement	-	88.51	109.04	117.61	123.97

Peer Comparison

Consumer Defensive sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
KinderCare Learning Companies, Inc.this co.	KLC	$480M	-4.25	0.64	-14.9%	25.06
Helen of Troy Limited	HELE	$582M	-	0.73	-112.6%	-
Village Super Market, Inc.	VLGEA	$573M	11.36	1.28	11.3%	7.37
Krispy Kreme, Inc.	DNUT	$564M	-	0.87	-80.0%	-
Calavo Growers, Inc.	CVGW

Learn while you research

Hand-picked academy chapters to deepen your understanding of KinderCare Learning Companies, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Leverage Ratios

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$2.7B

$115M

$-113M

$110M

-14.9%

2.6%

21.6%

2024

$2.7B

$210M

$-93M

$-16M

-10.7%

6.1%

-190.5%

2023

$2.5B

$392M

$103M

$174M

20.2%

15.9%

-53.2%

2022

$2.2B

$478M

$219M

$202M

53.8%

Metric

2021

2022

2023

2024

2025

Total Revenue

2,165.81

2,510.18

2,663.04

2,733.32

Operating Revenue

2,165.81

2,510.18

2,663.04

2,733.32

Cost Of Revenue

1,424.61

1,824.32

2,032.51

2,128.13

Gross Profit

741.20

685.86

630.52

605.19

Operating Expense

336.29

397.01

540.67

421.20

Selling General And Administration

247.78

287.97

423.06

297.23

Total Expenses

1,760.91

2,221.34

2,573.18

2,549.33

Operating Income

404.91

288.85

89.85

183.99

Total Operating Income As Reported

389.47

275.29

79.32

-20.06

EBITDA

477.73

391.86

209.91

114.60

Normalized EBITDA

493.16

405.42

220.45

318.65

EBIT

389.22

282.82

92.31

-9.37

Interest Income

2.97

6.14

7.37

4.83

Interest Expense

101.47

152.89

170.54

83.98

Net Interest Income

-98.50

-146.75

-163.17

-79.15

Other Non Operating Income Expenses

-3.22

1.39

5.62

5.86

Other Income Expense

-18.65

-12.17

-4.92

-198.19

Interest Income Non Operating

2.97

6.14

7.37

4.83

Interest Expense Non Operating

101.47

152.89

170.54

83.98

Net Non Operating Interest Income Expense

-98.50

-146.75

-163.17

-79.15

Pretax Income

287.75

129.93

-78.23

-93.34

Tax Provision

68.58

27.37

14.61

19.54

Tax Rate For Calcs

Tax Effect Of Unusual Items

-3.67

-2.86

-2.21

-81.62

Net Income Continuous Operations

219.17

102.56

-92.84

-112.88

Net Income From Continuing And Discontinued Operation

219.17

102.56

-92.84

-112.88

Net Income From Continuing Operation Net Minority Interest

219.17

102.56

-92.84

-112.88

Net Income

219.17

102.56

-92.84

-112.88

Net Income Common Stockholders

219.17

102.56

-92.84

-112.88

Net Income Including Noncontrolling Interests

219.17

102.56

-92.84

-112.88

Normalized Income

230.93

113.26

-84.52

9.55

Diluted NI Availto Com Stockholders

219.17

102.56

-92.84

-112.88

Basic Average Shares

90.37

96.31

118.33

Diluted Average Shares

90.37

96.31

118.33

Reconciled Depreciation

88.51

109.04

117.61

123.97

Reconciled Cost Of Revenue

1,424.61

1,824.32

2,032.51

2,128.13

Total Unusual Items

-15.43

-13.56

-10.54

-204.05

Total Unusual Items Excluding Goodwill

-15.43

-13.56

-10.54

-204.05

Special Income Charges

-15.43

-13.56

-10.54

-204.05

Write Off

7.30

15.43

13.56

10.54

Impairment Of Capital Assets

15.43

13.56

10.54

204.05

Depreciation Amortization Depletion Income Statement

88.51

109.04

117.61

123.97

Depreciation And Amortization In Income Statement

88.51

109.04

117.61

123.97

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

KinderCare Learning Companies, Inc.this co.

KLC

$480M

-4.25

0.64

-14.9%

25.06

Helen of Troy Limited

HELE

$582M

0.73

-112.6%

Village Super Market, Inc.

VLGEA

$573M

11.36

1.28

11.3%

7.37

Krispy Kreme, Inc.

DNUT

$564M

0.87

-80.0%

Calavo Growers, Inc.

CVGW

KinderCare Learning Companies, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

KinderCare Learning Companies, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on