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Side-by-side financial comparison of Confluent, Inc. (CFLT) and KILROY REALTY CORP (KRC). Click either name above to swap in a different company.
Confluent, Inc. is the larger business by last-quarter revenue ($314.8M vs $272.2M, roughly 1.2× KILROY REALTY CORP). KILROY REALTY CORP runs the higher net margin — 6.3% vs -25.2%, a 31.5% gap on every dollar of revenue. On growth, Confluent, Inc. posted the faster year-over-year revenue change (20.5% vs -5.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $41.7M). Over the past eight quarters, Confluent, Inc.'s revenue compounded faster (20.4% CAGR vs -1.2%).
Confluent, Inc. is an American technology company headquartered in Mountain View, California. Confluent was founded by Jay Kreps, Jun Rao and Neha Narkhede on September 23, 2014, in order to commercialize an open-source streaming platform Apache Kafka, created by the same founders while working at LinkedIn in 2008 as a B2B infrastructure company. Confluent's products are the Confluent Cloud, Confluent Platform, Connectors, Apache Flink, Stream Governance and Confluent Hub.
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
CFLT vs KRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $314.8M | $272.2M |
| Net Profit | $-79.2M | $17.1M |
| Gross Margin | 74.7% | — |
| Operating Margin | -31.5% | — |
| Net Margin | -25.2% | 6.3% |
| Revenue YoY | 20.5% | -5.0% |
| Net Profit YoY | 10.0% | -73.7% |
| EPS (diluted) | $-0.23 | $0.11 |
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 | $314.8M | $272.2M | ||
| Q3 25 | $298.5M | $279.7M | ||
| Q2 25 | $282.3M | $289.9M | ||
| Q1 25 | $271.1M | $270.8M | ||
| Q4 24 | $261.2M | $286.4M | ||
| Q3 24 | $250.2M | $289.9M | ||
| Q2 24 | $235.0M | $280.7M | ||
| Q1 24 | $217.2M | $278.6M |
| Q4 25 | $-79.2M | $17.1M | ||
| Q3 25 | $-66.5M | $162.3M | ||
| Q2 25 | $-82.0M | $79.6M | ||
| Q1 25 | $-67.6M | $43.7M | ||
| Q4 24 | $-88.1M | $65.0M | ||
| Q3 24 | $-74.1M | $57.7M | ||
| Q2 24 | $-89.9M | $54.5M | ||
| Q1 24 | $-93.0M | $55.7M |
| Q4 25 | 74.7% | — | ||
| Q3 25 | 74.2% | — | ||
| Q2 25 | 73.7% | — | ||
| Q1 25 | 74.5% | — | ||
| Q4 24 | 74.1% | — | ||
| Q3 24 | 74.5% | — | ||
| Q2 24 | 72.3% | — | ||
| Q1 24 | 71.8% | — |
| Q4 25 | -31.5% | — | ||
| Q3 25 | -27.9% | — | ||
| Q2 25 | -34.2% | — | ||
| Q1 25 | -37.3% | — | ||
| Q4 24 | -40.5% | — | ||
| Q3 24 | -37.4% | — | ||
| Q2 24 | -46.1% | — | ||
| Q1 24 | -51.3% | — |
| Q4 25 | -25.2% | 6.3% | ||
| Q3 25 | -22.3% | 58.0% | ||
| Q2 25 | -29.0% | 27.4% | ||
| Q1 25 | -24.9% | 16.1% | ||
| Q4 24 | -33.7% | 22.7% | ||
| Q3 24 | -29.6% | 19.9% | ||
| Q2 24 | -38.3% | 19.4% | ||
| Q1 24 | -42.8% | 20.0% |
| Q4 25 | $-0.23 | $0.11 | ||
| Q3 25 | $-0.19 | $1.31 | ||
| Q2 25 | $-0.24 | $0.57 | ||
| Q1 25 | $-0.20 | $0.33 | ||
| Q4 24 | $-0.26 | $0.50 | ||
| Q3 24 | $-0.23 | $0.44 | ||
| Q2 24 | $-0.28 | $0.41 | ||
| Q1 24 | $-0.30 | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $347.2M | $179.3M |
| Total DebtLower is stronger | $1.1B | — |
| Stockholders' EquityBook value | $1.2B | $5.4B |
| Total Assets | $3.0B | $10.9B |
| Debt / EquityLower = less leverage | 0.94× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $347.2M | $179.3M | ||
| Q3 25 | $298.5M | $372.4M | ||
| Q2 25 | $295.6M | $193.1M | ||
| Q1 25 | $278.6M | $146.7M | ||
| Q4 24 | $386.0M | $165.7M | ||
| Q3 24 | $322.6M | $625.4M | ||
| Q2 24 | $311.3M | $835.9M | ||
| Q1 24 | $336.4M | $855.0M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $1.2B | $5.4B | ||
| Q3 25 | $1.1B | $5.5B | ||
| Q2 25 | $1.1B | $5.4B | ||
| Q1 25 | $1.0B | $5.4B | ||
| Q4 24 | $961.2M | $5.4B | ||
| Q3 24 | $934.3M | $5.4B | ||
| Q2 24 | $873.9M | $5.4B | ||
| Q1 24 | $845.2M | $5.4B |
| Q4 25 | $3.0B | $10.9B | ||
| Q3 25 | $2.9B | $11.0B | ||
| Q2 25 | $2.8B | $10.9B | ||
| Q1 25 | $2.7B | $10.9B | ||
| Q4 24 | $2.7B | $10.9B | ||
| Q3 24 | $2.6B | $11.4B | ||
| Q2 24 | $2.5B | $11.5B | ||
| Q1 24 | $2.4B | $11.6B |
| Q4 25 | 0.94× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 1.25× | — | ||
| Q1 24 | 1.29× | — |
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 | $42.1M | $566.3M |
| Free Cash FlowOCF − Capex | $41.7M | $450.3M |
| FCF MarginFCF / Revenue | 13.2% | 165.4% |
| Capex IntensityCapex / Revenue | 0.1% | 42.6% |
| Cash ConversionOCF / Net Profit | — | 33.10× |
| TTM Free Cash FlowTrailing 4 quarters | $60.7M | $833.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.1M | $566.3M | ||
| Q3 25 | $30.8M | $176.6M | ||
| Q2 25 | $18.1M | $143.7M | ||
| Q1 25 | $-26.8M | $136.9M | ||
| Q4 24 | $35.2M | $541.1M | ||
| Q3 24 | $15.6M | $176.3M | ||
| Q2 24 | $8.6M | $88.7M | ||
| Q1 24 | $-26.0M | $167.9M |
| Q4 25 | $41.7M | $450.3M | ||
| Q3 25 | $30.0M | $148.7M | ||
| Q2 25 | $17.2M | $118.4M | ||
| Q1 25 | $-28.2M | $115.6M | ||
| Q4 24 | $34.5M | $440.8M | ||
| Q3 24 | $15.0M | $147.2M | ||
| Q2 24 | $7.5M | $69.5M | ||
| Q1 24 | $-26.1M | $151.9M |
| Q4 25 | 13.2% | 165.4% | ||
| Q3 25 | 10.0% | 53.1% | ||
| Q2 25 | 6.1% | 40.9% | ||
| Q1 25 | -10.4% | 42.7% | ||
| Q4 24 | 13.2% | 153.9% | ||
| Q3 24 | 6.0% | 50.8% | ||
| Q2 24 | 3.2% | 24.7% | ||
| Q1 24 | -12.0% | 54.5% |
| Q4 25 | 0.1% | 42.6% | ||
| Q3 25 | 0.3% | 10.0% | ||
| Q2 25 | 0.3% | 8.7% | ||
| Q1 25 | 0.5% | 7.9% | ||
| Q4 24 | 0.3% | 35.0% | ||
| Q3 24 | 0.2% | 10.1% | ||
| Q2 24 | 0.5% | 6.8% | ||
| Q1 24 | 0.1% | 5.7% |
| Q4 25 | — | 33.10× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | 1.81× | ||
| Q1 25 | — | 3.13× | ||
| Q4 24 | — | 8.32× | ||
| Q3 24 | — | 3.06× | ||
| Q2 24 | — | 1.63× | ||
| Q1 24 | — | 3.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CFLT
| Confluent Cloud | $169.4M | 54% |
| Post Contract Customer Support | $93.8M | 30% |
| License | $38.4M | 12% |
| Services | $13.2M | 4% |
KRC
Segment breakdown not available.
