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Side-by-side financial comparison of BEYOND MEAT, INC. (BYND) and KINGSWAY FINANCIAL SERVICES INC (KFS). Click either name above to swap in a different company.

BEYOND MEAT, INC. is the larger business by last-quarter revenue ($61.6M vs $38.6M, roughly 1.6× KINGSWAY FINANCIAL SERVICES INC). On growth, KINGSWAY FINANCIAL SERVICES INC posted the faster year-over-year revenue change (30.1% vs -19.7%). Over the past eight quarters, KINGSWAY FINANCIAL SERVICES INC's revenue compounded faster (21.4% CAGR vs -9.7%).

Beyond Meat, Inc., branded as Beyond, is a producer of plant-based meat alternatives founded in 2009 by Ethan Brown. The company's products were first launched in the United States in 2012.

Kingsway Financial Services Inc. is a specialty financial holding firm that primarily offers property and casualty insurance products, including personal auto, commercial liability and property coverage. It operates mainly across North American markets, catering to individual consumers, small business owners and niche commercial client segments.

BYND vs KFS — Head-to-Head

Bigger by revenue
BYND
BYND
1.6× larger
BYND
$61.6M
$38.6M
KFS
Growing faster (revenue YoY)
KFS
KFS
+49.7% gap
KFS
30.1%
-19.7%
BYND
Faster 2-yr revenue CAGR
KFS
KFS
Annualised
KFS
21.4%
-9.7%
BYND

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BYND
BYND
KFS
KFS
Revenue
$61.6M
$38.6M
Net Profit
$-1.6M
Gross Margin
-11.5%
Operating Margin
-211.4%
0.8%
Net Margin
-4.1%
Revenue YoY
-19.7%
30.1%
Net Profit YoY
-7.8%
EPS (diluted)
$0.68
$-0.07

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.

Revenue
BYND
BYND
KFS
KFS
Q4 25
$61.6M
$38.6M
Q3 25
$70.2M
$37.2M
Q2 25
$75.0M
$30.9M
Q1 25
$68.7M
$28.3M
Q4 24
$76.7M
$29.6M
Q3 24
$81.0M
$27.1M
Q2 24
$93.2M
$26.4M
Q1 24
$75.6M
$26.2M
Net Profit
BYND
BYND
KFS
KFS
Q4 25
$-1.6M
Q3 25
$-110.7M
$-2.4M
Q2 25
$-29.2M
$-3.2M
Q1 25
$-52.9M
$-3.1M
Q4 24
$-1.5M
Q3 24
$-26.6M
$-2.3M
Q2 24
$-34.5M
$-2.2M
Q1 24
$-54.4M
$-2.3M
Gross Margin
BYND
BYND
KFS
KFS
Q4 25
-11.5%
Q3 25
10.3%
Q2 25
11.5%
Q1 25
-1.5%
Q4 24
13.1%
Q3 24
17.7%
Q2 24
14.7%
Q1 24
4.9%
Operating Margin
BYND
BYND
KFS
KFS
Q4 25
-211.4%
0.8%
Q3 25
-160.0%
-2.3%
Q2 25
-46.6%
-3.6%
Q1 25
-81.8%
-2.5%
Q4 24
-49.3%
6.5%
Q3 24
-38.2%
-2.5%
Q2 24
-36.4%
0.5%
Q1 24
-70.7%
2.9%
Net Margin
BYND
BYND
KFS
KFS
Q4 25
-4.1%
Q3 25
-157.6%
-6.5%
Q2 25
-39.0%
-10.2%
Q1 25
-77.0%
-10.9%
Q4 24
-5.0%
Q3 24
-32.8%
-8.5%
Q2 24
-37.0%
-8.3%
Q1 24
-71.9%
-8.9%
EPS (diluted)
BYND
BYND
KFS
KFS
Q4 25
$0.68
$-0.07
Q3 25
$-1.44
$-0.10
Q2 25
$-0.38
$-0.13
Q1 25
$-0.69
$-0.13
Q4 24
$-0.65
$-0.08
Q3 24
$-0.41
$-0.10
Q2 24
$-0.53
$-0.08
Q1 24
$-0.84
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BYND
BYND
KFS
KFS
Cash + ST InvestmentsLiquidity on hand
$203.9M
$8.5M
Total DebtLower is stronger
$415.7M
$70.7M
Stockholders' EquityBook value
$-997.0K
$15.2M
Total Assets
$614.7M
$231.5M
Debt / EquityLower = less leverage
4.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BYND
BYND
KFS
KFS
Q4 25
$203.9M
$8.5M
Q3 25
$117.3M
$9.5M
Q2 25
$103.5M
$12.3M
Q1 25
$102.1M
$6.5M
Q4 24
$131.9M
$5.7M
Q3 24
$121.7M
$6.7M
Q2 24
$144.9M
$9.8M
Q1 24
$157.9M
$12.3M
Total Debt
BYND
BYND
KFS
KFS
Q4 25
$415.7M
$70.7M
Q3 25
$1.2B
$70.7M
Q2 25
$1.2B
$58.3M
Q1 25
$1.1B
$59.5M
Q4 24
$1.1B
$57.5M
Q3 24
$1.1B
$58.5M
Q2 24
$1.1B
$47.3M
Q1 24
$1.1B
$47.1M
Stockholders' Equity
BYND
BYND
KFS
KFS
Q4 25
$-997.0K
$15.2M
Q3 25
$-784.1M
$16.6M
Q2 25
$-677.0M
$17.4M
Q1 25
$-649.5M
$5.5M
Q4 24
$-601.2M
$8.4M
Q3 24
$-611.9M
$9.9M
Q2 24
$-590.0M
$20.7M
Q1 24
$-561.4M
$23.6M
Total Assets
BYND
BYND
KFS
KFS
Q4 25
$614.7M
$231.5M
Q3 25
$599.7M
$235.1M
Q2 25
$691.7M
$207.7M
Q1 25
$643.8M
$192.1M
Q4 24
$678.1M
$186.6M
Q3 24
$692.9M
$191.1M
Q2 24
$711.2M
$192.3M
Q1 24
$735.0M
$198.0M
Debt / Equity
BYND
BYND
KFS
KFS
Q4 25
4.66×
Q3 25
4.25×
Q2 25
3.34×
Q1 25
10.91×
Q4 24
6.84×
Q3 24
5.88×
Q2 24
2.29×
Q1 24
2.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BYND
BYND
KFS
KFS
Operating Cash FlowLast quarter
$-46.8M
$-3.0K
Free Cash FlowOCF − Capex
$-49.8M
FCF MarginFCF / Revenue
-80.8%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-157.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BYND
BYND
KFS
KFS
Q4 25
$-46.8M
$-3.0K
Q3 25
$-38.8M
$1.5M
Q2 25
$-33.2M
$337.0K
Q1 25
$-26.1M
$-1.8M
Q4 24
$-29.0M
$1.1M
Q3 24
$-22.0M
$368.0K
Q2 24
$-16.0M
$557.0K
Q1 24
$-31.8M
$249.0K
Free Cash Flow
BYND
BYND
KFS
KFS
Q4 25
$-49.8M
Q3 25
$-41.7M
$1.3M
Q2 25
$-35.1M
Q1 25
$-30.6M
Q4 24
$-35.4M
Q3 24
$-24.1M
Q2 24
$-17.3M
Q1 24
$-33.0M
FCF Margin
BYND
BYND
KFS
KFS
Q4 25
-80.8%
Q3 25
-59.4%
3.4%
Q2 25
-46.9%
Q1 25
-44.6%
Q4 24
-46.2%
Q3 24
-29.7%
Q2 24
-18.6%
Q1 24
-43.7%
Capex Intensity
BYND
BYND
KFS
KFS
Q4 25
4.8%
Q3 25
4.1%
0.5%
Q2 25
2.6%
Q1 25
6.5%
Q4 24
8.4%
Q3 24
2.5%
0.0%
Q2 24
1.4%
Q1 24
1.6%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BYND
BYND

Segment breakdown not available.

KFS
KFS

Other$14.8M38%
Roundhouse Electric Equipment Co Inc$9.7M25%
MLC Plumbing LLC$5.7M15%
Systems Products International Incspi$3.8M10%
Advanced Plumbing And Drain$2.9M8%
Southside Plumbing$1.7M4%

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