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$450M

Current Price$3.80

P/E Ratio-

P/B Ratio0.60

EV / EBITDA10.13

EV / Sales1.04

Profitability

Operating Margin-

Net Profit Margin-4.1%

EBITDA Margin4.2%

Returns

ROE-14.9%

ROCE-

ROIC %-0.2%

ROA-3.0%

Solvency

Current Ratio0.74

Debt / Equity3.34

Debt / Assets0.67

CFO / Net Profit-2.11

Price History▼ 69.26% 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

Net Profit$-113M

Cash from Ops (CFO)$239M

Free Cash Flow (FCF)$110M

Revenue CAGR 3Y-

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%	-
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	2022	2023	2024	2025
Total Revenue	2,165.81	2,510.18	2,663.03	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
Operating Income	404.91	288.85	89.85	183.99
EBITDA	477.73	391.86	209.91	114.60
EBIT	389.22	282.82	92.31	-9.37
Pretax Income	287.75	129.93	-78.23	-93.34
Tax Provision	68.58	27.37	14.61	19.54
Net Income	219.17	102.56	-92.84	-112.88
Net Income Common Stockholders	219.17	102.56	-92.84	-112.88
Total Expenses	1,760.91	2,221.34	2,573.18	2,549.33
Interest Expense	101.47	152.89	170.54	83.97
Interest Income	2.97	6.14	7.37	4.83
Selling General And Administration	247.78	287.97	423.06	297.23
Normalized EBITDA	493.17	405.42	220.45	318.65
Normalized Income	230.93	113.26	-84.52	9.55
Basic EPS	2.43	1.13	-0.96	0
Diluted EPS	2.43	1.13	-0.96	0
Tax Effect Of Unusual Items	-3.67	-2.86	-2.21	-81.62
Tax Rate For Calcs	0.24	0.21	0.21	0.40
Total Unusual Items	-15.43	-13.56	-10.54	-204.05
Total Unusual Items Excluding Goodwill	-15.43	-13.56	-10.54	-204.05
Net Income From Continuing Operation Net Minority Interest	219.17	102.56	-92.84	-112.88
Reconciled Depreciation	88.51	109.05	117.61	123.97
Reconciled Cost Of Revenue	1,424.61	1,824.32	2,032.51	2,128.13
Net Interest Income	-98.50	-146.75	-163.17	-79.15
Net Income From Continuing And Discontinued Operation	219.17	102.56	-92.84	-112.88
Total Operating Income As Reported	389.47	275.29	79.32	-20.06
Diluted Average Shares	90.37	90.37	96.31	0
Basic Average Shares	90.37	90.37	96.31	0
Diluted NI Availto Com Stockholders	219.17	102.56	-92.84	-112.88
Net Income Including Noncontrolling Interests	219.17	102.56	-92.84	-112.88
Net Income Continuous Operations	219.17	102.56	-92.84	-112.88
Other Income Expense	-18.65	-12.17	-4.92	-198.19
Other Non Operating Income Expenses	-3.22	1.39	5.62	5.86
Special Income Charges	-15.43	-13.56	-10.54	-204.05
Write Off	15.43	13.56	10.54	0
Impairment Of Capital Assets	15.43	13.56	10.54	204.05
Net Non Operating Interest Income Expense	-98.50	-146.75	-163.17	-79.15
Interest Expense Non Operating	101.47	152.89	170.54	83.97
Interest Income Non Operating	2.97	6.14	7.37	4.83
Depreciation Amortization Depletion Income Statement	88.51	109.05	117.61	123.97
Depreciation And Amortization In Income Statement	88.51	109.05	117.61	123.97
Operating Revenue	2,165.81	2,510.18	2,663.03	2,733.32

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	$450M	-	0.60	-14.9%	10.13
Westrock Coffee Company	WEST	$553M	-	-298.42	-33.3%	68.91
Calavo Growers, Inc.	CVGW	$502M	31.19	2.44	9.5%	18.10
Nature's Sunshine Products, Inc.	NATR	$473M	25.50	2.93	12.1%	10.32
B&G Foods, Inc.	BGS

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%

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

2022

2023

2024

2025

Total Revenue

2,165.81

2,510.18

2,663.03

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

Operating Income

404.91

288.85

89.85

183.99

EBITDA

477.73

391.86

209.91

114.60

EBIT

389.22

282.82

92.31

-9.37

Pretax Income

287.75

129.93

-78.23

-93.34

Tax Provision

68.58

27.37

14.61

19.54

Net Income

219.17

102.56

-92.84

-112.88

Net Income Common Stockholders

219.17

102.56

-92.84

-112.88

Total Expenses

1,760.91

2,221.34

2,573.18

2,549.33

Interest Expense

101.47

152.89

170.54

83.97

Interest Income

2.97

6.14

7.37

4.83

Selling General And Administration

247.78

287.97

423.06

297.23

Normalized EBITDA

493.17

405.42

220.45

318.65

Normalized Income

230.93

113.26

-84.52

9.55

Basic EPS

2.43

1.13

-0.96

Diluted EPS

2.43

1.13

-0.96

Tax Effect Of Unusual Items

-3.67

-2.86

-2.21

-81.62

Tax Rate For Calcs

0.24

0.21

0.40

Total Unusual Items

-15.43

-13.56

-10.54

-204.05

Total Unusual Items Excluding Goodwill

-15.43

-13.56

-10.54

-204.05

Net Income From Continuing Operation Net Minority Interest

219.17

102.56

-92.84

-112.88

Reconciled Depreciation

88.51

109.05

117.61

123.97

Reconciled Cost Of Revenue

1,424.61

1,824.32

2,032.51

2,128.13

Net Interest Income

-98.50

-146.75

-163.17

-79.15

Net Income From Continuing And Discontinued Operation

219.17

102.56

-92.84

-112.88

Total Operating Income As Reported

389.47

275.29

79.32

-20.06

Diluted Average Shares

90.37

96.31

Basic Average Shares

90.37

96.31

Diluted NI Availto Com Stockholders

219.17

102.56

-92.84

-112.88

Net Income Including Noncontrolling Interests

219.17

102.56

-92.84

-112.88

Net Income Continuous Operations

219.17

102.56

-92.84

-112.88

Other Income Expense

-18.65

-12.17

-4.92

-198.19

Other Non Operating Income Expenses

-3.22

1.39

5.62

5.86

Special Income Charges

-15.43

-13.56

-10.54

-204.05

Write Off

15.43

13.56

10.54

Impairment Of Capital Assets

15.43

13.56

10.54

204.05

Net Non Operating Interest Income Expense

-98.50

-146.75

-163.17

-79.15

Interest Expense Non Operating

101.47

152.89

170.54

83.97

Interest Income Non Operating

2.97

6.14

7.37

4.83

Depreciation Amortization Depletion Income Statement

88.51

109.05

117.61

123.97

Depreciation And Amortization In Income Statement

88.51

109.05

117.61

123.97

Operating Revenue

2,165.81

2,510.18

2,663.03

2,733.32

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

KinderCare Learning Companies, Inc.this co.

KLC

$450M

0.60

-14.9%

10.13

Westrock Coffee Company

WEST

$553M

-298.42

-33.3%

68.91

Calavo Growers, Inc.

CVGW

$502M

31.19

2.44

9.5%

18.10

Nature's Sunshine Products, Inc.

NATR

$473M

25.50

2.93

12.1%

10.32

B&G Foods, Inc.

BGS

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