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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) and Kennedy-Wilson Holdings, Inc. (KW). Click either name above to swap in a different company.

Kennedy-Wilson Holdings, Inc. is the larger business by last-quarter revenue ($120.6M vs $98.7M, roughly 1.2× GCL Global Holdings Ltd). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs -5.2%, a 53.3% gap on every dollar of revenue. GCL Global Holdings Ltd produced more free cash flow last quarter ($-5.2M vs $-55.2M).

GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.

Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.

GCL vs KW — Head-to-Head

Bigger by revenue
KW
KW
1.2× larger
KW
$120.6M
$98.7M
GCL
Higher net margin
KW
KW
53.3% more per $
KW
48.1%
-5.2%
GCL
More free cash flow
GCL
GCL
$50.0M more FCF
GCL
$-5.2M
$-55.2M
KW

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GCL
GCL
KW
KW
Revenue
$98.7M
$120.6M
Net Profit
$-5.1M
$58.0M
Gross Margin
11.0%
Operating Margin
-6.7%
57.3%
Net Margin
-5.2%
48.1%
Revenue YoY
-11.0%
Net Profit YoY
32.7%
EPS (diluted)
$-0.04
$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.

Revenue
GCL
GCL
KW
KW
Q4 25
$120.6M
Q3 25
$98.7M
$116.4M
Q2 25
$142.1M
$135.7M
Q1 25
$128.3M
Q4 24
$135.5M
Q3 24
$36.1M
$127.5M
Q2 24
$132.0M
Q1 24
$136.4M
Net Profit
GCL
GCL
KW
KW
Q4 25
$58.0M
Q3 25
$-5.1M
$-10.2M
Q2 25
$5.6M
$5.6M
Q1 25
$-29.6M
Q4 24
$43.7M
Q3 24
$-1.9M
$-66.8M
Q2 24
$-48.3M
Q1 24
$37.7M
Gross Margin
GCL
GCL
KW
KW
Q4 25
Q3 25
11.0%
Q2 25
15.0%
Q1 25
Q4 24
Q3 24
16.2%
Q2 24
Q1 24
Operating Margin
GCL
GCL
KW
KW
Q4 25
57.3%
Q3 25
-6.7%
-6.2%
Q2 25
2.3%
7.4%
Q1 25
-26.9%
Q4 24
36.7%
Q3 24
-5.6%
-60.8%
Q2 24
-45.5%
Q1 24
47.2%
Net Margin
GCL
GCL
KW
KW
Q4 25
48.1%
Q3 25
-5.2%
-8.8%
Q2 25
3.9%
4.1%
Q1 25
-23.1%
Q4 24
32.3%
Q3 24
-5.2%
-52.4%
Q2 24
-36.6%
Q1 24
27.6%
EPS (diluted)
GCL
GCL
KW
KW
Q4 25
$0.22
Q3 25
$-0.04
$-0.15
Q2 25
$0.05
$-0.05
Q1 25
$-0.30
Q4 24
$0.24
Q3 24
$-0.56
Q2 24
$-0.43
Q1 24
$0.19

Balance Sheet & Financial Strength

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

Metric
GCL
GCL
KW
KW
Cash + ST InvestmentsLiquidity on hand
$16.6M
$184.5M
Total DebtLower is stronger
$52.0M
Stockholders' EquityBook value
$33.1M
$1.5B
Total Assets
$159.9M
$6.6B
Debt / EquityLower = less leverage
1.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCL
GCL
KW
KW
Q4 25
$184.5M
Q3 25
$16.6M
$382.6M
Q2 25
$18.2M
$309.1M
Q1 25
$356.6M
Q4 24
$217.5M
Q3 24
$2.7M
$367.1M
Q2 24
$366.5M
Q1 24
$541.9M
Total Debt
GCL
GCL
KW
KW
Q4 25
Q3 25
$52.0M
Q2 25
$11.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GCL
GCL
KW
KW
Q4 25
$1.5B
Q3 25
$33.1M
$1.5B
Q2 25
$35.9M
$1.6B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$15.9M
$1.6B
Q2 24
$1.7B
Q1 24
$1.7B
Total Assets
GCL
GCL
KW
KW
Q4 25
$6.6B
Q3 25
$159.9M
$6.7B
Q2 25
$101.6M
$6.8B
Q1 25
$7.2B
Q4 24
$7.0B
Q3 24
$49.6M
$7.4B
Q2 24
$7.5B
Q1 24
$7.7B
Debt / Equity
GCL
GCL
KW
KW
Q4 25
Q3 25
1.57×
Q2 25
0.33×
Q1 25
Q4 24
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
GCL
GCL
KW
KW
Operating Cash FlowLast quarter
$-4.8M
$11.4M
Free Cash FlowOCF − Capex
$-5.2M
$-55.2M
FCF MarginFCF / Revenue
-5.3%
-45.8%
Capex IntensityCapex / Revenue
0.4%
55.2%
Cash ConversionOCF / Net Profit
0.20×
TTM Free Cash FlowTrailing 4 quarters
$-103.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCL
GCL
KW
KW
Q4 25
$11.4M
Q3 25
$-4.8M
$-7.6M
Q2 25
$-10.3M
$42.0M
Q1 25
$-51.9M
Q4 24
$55.1M
Q3 24
$6.1M
$-5.6M
Q2 24
$36.7M
Q1 24
$-5.6M
Free Cash Flow
GCL
GCL
KW
KW
Q4 25
$-55.2M
Q3 25
$-5.2M
$-18.0M
Q2 25
$-10.5M
$29.4M
Q1 25
$-59.7M
Q4 24
$-76.5M
Q3 24
$-27.7M
Q2 24
$-500.0K
Q1 24
$-57.1M
FCF Margin
GCL
GCL
KW
KW
Q4 25
-45.8%
Q3 25
-5.3%
-15.5%
Q2 25
-7.4%
21.7%
Q1 25
-46.5%
Q4 24
-56.5%
Q3 24
-21.7%
Q2 24
-0.4%
Q1 24
-41.9%
Capex Intensity
GCL
GCL
KW
KW
Q4 25
55.2%
Q3 25
0.4%
8.9%
Q2 25
0.1%
9.3%
Q1 25
6.1%
Q4 24
97.1%
Q3 24
17.3%
Q2 24
28.2%
Q1 24
37.8%
Cash Conversion
GCL
GCL
KW
KW
Q4 25
0.20×
Q3 25
Q2 25
-1.84×
7.50×
Q1 25
Q4 24
1.26×
Q3 24
Q2 24
Q1 24
-0.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GCL
GCL

Segment breakdown not available.

KW
KW

Consolidated Portfolio Segment$84.9M70%
Investment Management Fees$30.4M25%
Real Estate$5.1M4%

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