vs
Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and Kennedy-Wilson Holdings, Inc. (KW). Click either name above to swap in a different company.
AMERICAN STATES WATER CO is the larger business by last-quarter revenue ($164.3M vs $120.6M, roughly 1.4× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 17.5%, a 30.6% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs -11.0%). AMERICAN STATES WATER CO produced more free cash flow last quarter ($-36.0M vs $-55.2M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs -6.0%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
AWR vs KW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $120.6M |
| Net Profit | $28.7M | $58.0M |
| Gross Margin | 88.9% | — |
| Operating Margin | 27.4% | 57.3% |
| Net Margin | 17.5% | 48.1% |
| Revenue YoY | 14.8% | -11.0% |
| Net Profit YoY | 1.1% | 32.7% |
| EPS (diluted) | $0.74 | $0.22 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $164.3M | $120.6M | ||
| Q3 25 | $182.7M | $116.4M | ||
| Q2 25 | $163.1M | $135.7M | ||
| Q1 25 | $148.0M | $128.3M | ||
| Q4 24 | $143.1M | $135.5M | ||
| Q3 24 | $161.8M | $127.5M | ||
| Q2 24 | $155.3M | $132.0M | ||
| Q1 24 | $135.3M | $136.4M |
| Q4 25 | $28.7M | $58.0M | ||
| Q3 25 | $41.2M | $-10.2M | ||
| Q2 25 | $33.7M | $5.6M | ||
| Q1 25 | $26.8M | $-29.6M | ||
| Q4 24 | $28.4M | $43.7M | ||
| Q3 24 | $35.8M | $-66.8M | ||
| Q2 24 | $31.9M | $-48.3M | ||
| Q1 24 | $23.1M | $37.7M |
| Q4 25 | 88.9% | — | ||
| Q3 25 | 91.0% | — | ||
| Q2 25 | 92.1% | — | ||
| Q1 25 | 91.3% | — | ||
| Q4 24 | 92.4% | — | ||
| Q3 24 | 92.7% | — | ||
| Q2 24 | 89.6% | — | ||
| Q1 24 | 88.4% | — |
| Q4 25 | 27.4% | 57.3% | ||
| Q3 25 | 33.8% | -6.2% | ||
| Q2 25 | 31.3% | 7.4% | ||
| Q1 25 | 30.8% | -26.9% | ||
| Q4 24 | 27.0% | 36.7% | ||
| Q3 24 | 34.0% | -60.8% | ||
| Q2 24 | 33.3% | -45.5% | ||
| Q1 24 | 28.8% | 47.2% |
| Q4 25 | 17.5% | 48.1% | ||
| Q3 25 | 22.5% | -8.8% | ||
| Q2 25 | 20.7% | 4.1% | ||
| Q1 25 | 18.1% | -23.1% | ||
| Q4 24 | 19.9% | 32.3% | ||
| Q3 24 | 22.1% | -52.4% | ||
| Q2 24 | 20.5% | -36.6% | ||
| Q1 24 | 17.1% | 27.6% |
| Q4 25 | $0.74 | $0.22 | ||
| Q3 25 | $1.06 | $-0.15 | ||
| Q2 25 | $0.87 | $-0.05 | ||
| Q1 25 | $0.70 | $-0.30 | ||
| Q4 24 | $0.75 | $0.24 | ||
| Q3 24 | $0.95 | $-0.56 | ||
| Q2 24 | $0.85 | $-0.43 | ||
| Q1 24 | $0.62 | $0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.8M | $184.5M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $1.5B |
| Total Assets | $2.7B | $6.6B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $184.5M | ||
| Q3 25 | $26.1M | $382.6M | ||
| Q2 25 | $20.2M | $309.1M | ||
| Q1 25 | $21.2M | $356.6M | ||
| Q4 24 | $26.7M | $217.5M | ||
| Q3 24 | $16.5M | $367.1M | ||
| Q2 24 | $3.6M | $366.5M | ||
| Q1 24 | $17.0M | $541.9M |
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $972.5M | $1.6B | ||
| Q1 25 | $956.4M | $1.6B | ||
| Q4 24 | $920.1M | $1.6B | ||
| Q3 24 | $879.5M | $1.6B | ||
| Q2 24 | $833.5M | $1.7B | ||
| Q1 24 | $800.5M | $1.7B |
| Q4 25 | $2.7B | $6.6B | ||
| Q3 25 | $2.7B | $6.7B | ||
| Q2 25 | $2.6B | $6.8B | ||
| Q1 25 | $2.5B | $7.2B | ||
| Q4 24 | $2.5B | $7.0B | ||
| Q3 24 | $2.4B | $7.4B | ||
| Q2 24 | $2.3B | $7.5B | ||
| Q1 24 | $2.3B | $7.7B |
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $27.7M | $11.4M |
| Free Cash FlowOCF − Capex | $-36.0M | $-55.2M |
| FCF MarginFCF / Revenue | -21.9% | -45.8% |
| Capex IntensityCapex / Revenue | 38.8% | 55.2% |
| Cash ConversionOCF / Net Profit | 0.96× | 0.20× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $-103.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $11.4M | ||
| Q3 25 | $92.4M | $-7.6M | ||
| Q2 25 | $64.6M | $42.0M | ||
| Q1 25 | $45.1M | $-51.9M | ||
| Q4 24 | $64.5M | $55.1M | ||
| Q3 24 | $63.7M | $-5.6M | ||
| Q2 24 | $24.7M | $36.7M | ||
| Q1 24 | $45.8M | $-5.6M |
| Q4 25 | $-36.0M | $-55.2M | ||
| Q3 25 | $37.7M | $-18.0M | ||
| Q2 25 | $13.7M | $29.4M | ||
| Q1 25 | $-22.5M | $-59.7M | ||
| Q4 24 | $6.0M | $-76.5M | ||
| Q3 24 | $-478.0K | $-27.7M | ||
| Q2 24 | $-37.0M | $-500.0K | ||
| Q1 24 | $-1.7M | $-57.1M |
| Q4 25 | -21.9% | -45.8% | ||
| Q3 25 | 20.7% | -15.5% | ||
| Q2 25 | 8.4% | 21.7% | ||
| Q1 25 | -15.2% | -46.5% | ||
| Q4 24 | 4.2% | -56.5% | ||
| Q3 24 | -0.3% | -21.7% | ||
| Q2 24 | -23.8% | -0.4% | ||
| Q1 24 | -1.3% | -41.9% |
| Q4 25 | 38.8% | 55.2% | ||
| Q3 25 | 29.9% | 8.9% | ||
| Q2 25 | 31.2% | 9.3% | ||
| Q1 25 | 45.6% | 6.1% | ||
| Q4 24 | 40.9% | 97.1% | ||
| Q3 24 | 39.7% | 17.3% | ||
| Q2 24 | 39.8% | 28.2% | ||
| Q1 24 | 35.2% | 37.8% |
| Q4 25 | 0.96× | 0.20× | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 1.92× | 7.50× | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 2.27× | 1.26× | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 0.78× | — | ||
| Q1 24 | 1.98× | -0.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AWR
| Water Service Utility Operations | $110.0M | 67% |
| Public Utilities Inventory Water | $22.3M | 14% |
| Wastewater | $15.9M | 10% |
| Electric Service Utility Operations | $15.2M | 9% |
KW
| Consolidated Portfolio Segment | $84.9M | 70% |
| Investment Management Fees | $30.4M | 25% |
| Real Estate | $5.1M | 4% |
