The Kasabach-Merritt phenomenon (KMP) is a severe complication of kaposiform hemangioendothelioma (KHE). The risk factors for KMP need further investigation. The medical records of patients with KHE were reviewed. Univariate and multivariate logistic regression models were used for the risk factors for KMP, and the area under the receiver operator characteristic (ROC) curve was used to assess the predictive power of risk factors. A total of 338 patients with KHE were enrolled. The incidence of KMP was 45.9%. Age of onset (P<0.001, odds ratio [OR] 0.939; 95% confidence interval [CI] 0.914-0.966), lesion size (P<0.001, OR 1.944; 95% CI 1.646-2.296), mixed type (P=0.030, OR 2.428; 95% CI 1.092-5.397), deep type (P=0.010, OR 4.006; 95% CI 1.389-11.556), and mediastinal or retroperitoneal lesion location (P=0.019, OR 11.864; 95% CI 1.497-94.003) were correlated with KMP occurrence through multivariate logistic regression. ROC curve analysis revealed that the optimal cutoffs were 4.75 months for the age of onset (P<0.001, OR 7.206, 95% CI 4.073-12.749) and a lesion diameter of 5.35 cm (P<0.001, OR 11.817, 95% CI 7.084-19.714). Bounded by a lesion size of 5.35 cm, we found significant differences in tumor morphology, age of onset, treatments, and hematological parameters. Using an onset age of 4.75 months as a cutoff, we found significant differences in tumor morphology, lesion size, hematological parameters, and prognosis. For KHE patients with an onset age<4.75 months and/or lesion diameter>5.35 cm, clinicians should be wary of the occurrence of KMP. Active management is recommended to improve the prognosis.