Q4 Earnings: KKR and Cummins Miss EPS, Cigna Beats

In the latest earnings releases, several companies have revealed their financial performance for the recent quarter, showcasing a mix of achievements and challenges. KKR, a global investment firm, reported a significant increase in revenue, surpassing expectations with actual figures reaching $5.74 billion against the anticipated $2.11 billion. However, their earnings per share (EPS) slightly missed the mark, coming in at $1.12 compared to the expected $1.14.

Meanwhile, Cummins Inc. faced a different scenario, with revenues of $8.5 billion exceeding expectations but EPS falling short at $4.27, against an expected $5.01. This discrepancy was partly due to strategic reviews and associated charges in their Electrolyzer business.

On a more positive note, The Cigna Group reported a strong performance, with both revenue and EPS surpassing expectations. The company achieved revenues of $72.47 billion, beating the expected $70.31 billion, and an EPS of $8.08, exceeding the anticipated $7.88. These results underscore the company’s operational discipline and the strength of its diversified portfolio.

As these companies navigate through varying market conditions, their earnings reports provide valuable insights into their strategic positioning and future outlooks.

How KKR, Cummins, and Cigna Performed in Q4

In the recent earnings releases, KKR reported a substantial increase in revenue for the fourth quarter of 2025, reaching $5.74 billion, significantly surpassing the expected $2.11 billion. This impressive growth was attributed to record annual figures across key metrics, including Fee Related Earnings and Adjusted Net Income per share. KKR also announced a strategic acquisition of Arctos Partners, aiming to bolster their sports investing and capital solutions platform.

However, their EPS slightly missed expectations, coming in at $1.12 against a forecast of $1.14. This minor shortfall was overshadowed by the company’s robust revenue performance and strategic positioning as they approach their 50th anniversary.

Cummins Inc. faced a contrasting situation, where their fourth-quarter revenues of $8.5 billion exceeded expectations of $8.08 billion, but their EPS fell short at $4.27, compared to the anticipated $5.01. The company attributed this discrepancy to charges related to their Electrolyzer business within the Accelera segment.

Despite this, Cummins demonstrated resilience in other areas, with their Power Systems and Distribution segments achieving record sales and profitability. The company remains optimistic about future growth, projecting a revenue increase of 3% to 8% for 2026, with an EBITDA margin expected to range between 17.0% and 18.0% of sales.

The Cigna Group reported a strong financial performance, with both revenue and EPS surpassing market expectations. The company’s total revenues for 2025 reached $274.9 billion, an 11% increase from the previous year, driven by growth in Evernorth Health Services and strong specialty pharmacy growth.

Their adjusted income from operations also saw a significant rise, reaching $8.0 billion, or $29.84 per share. This performance reflects the company’s operational discipline and strategic initiatives, positioning them well for continued success in 2026.

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Outlook and Strategic Priorities Heading Into 2026

Looking ahead, KKR has outlined a positive outlook for 2026, with a focus on strategic acquisitions and capital solutions. The acquisition of Arctos Partners is expected to enhance their sports investing platform and provide new opportunities for growth.

KKR’s management expressed confidence in their long-term positioning, supported by their diversified portfolio and disciplined investment approach. The company also plans to increase its regular annualized dividend per share, demonstrating a commitment to returning value to shareholders.

Cummins Inc. is also optimistic about the future, projecting a revenue increase of 3% to 8% for the full year 2026. The company aims to leverage its strong operating cash flow to continue investing in growth opportunities and returning cash to shareholders.

Despite the challenges faced in their Electrolyzer business, Cummins remains committed to their long-term strategic goals and is focused on streamlining operations to reduce costs and improve efficiency. The introduction of new engine platforms, such as the B7.2 and X10, is expected to drive future growth and support their Destination Zero strategy.

The Cigna Group has set ambitious targets for 2026, with a projected adjusted income from operations of at least $7.950 billion, or $30.25 per share. The company plans to continue its focus on innovation and strategic initiatives to enhance customer relationships and expand access to healthcare solutions.

With a strong track record of financial performance and a diversified portfolio, The Cigna Group is well-positioned to navigate the evolving healthcare landscape and deliver value to shareholders. The recent increase in their quarterly dividend to $1.56 per share further underscores their commitment to returning capital to investors.

Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.