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Side-by-side financial comparison of KINGSWAY FINANCIAL SERVICES INC (KFS) and Organogenesis Holdings Inc. (ORGO). Click either name above to swap in a different company.

Organogenesis Holdings Inc. is the larger business by last-quarter revenue ($225.6M vs $38.6M, roughly 5.9× KINGSWAY FINANCIAL SERVICES INC). Organogenesis Holdings Inc. runs the higher net margin — 19.4% vs -4.1%, a 23.5% gap on every dollar of revenue. On growth, Organogenesis Holdings Inc. posted the faster year-over-year revenue change (78.1% vs 30.1%). Over the past eight quarters, Organogenesis Holdings Inc.'s revenue compounded faster (43.2% CAGR vs 21.4%).

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.

Organogenesis Holdings Inc. is a leading regenerative medicine firm specializing in developing and manufacturing advanced therapeutic products for wound care, surgical repair, sports medicine, and dermatology. It serves healthcare providers and patients primarily in the U.S. and select international markets, offering clinically validated solutions for unmet medical needs.

KFS vs ORGO — Head-to-Head

Bigger by revenue
ORGO
ORGO
5.9× larger
ORGO
$225.6M
$38.6M
KFS
Growing faster (revenue YoY)
ORGO
ORGO
+48.0% gap
ORGO
78.1%
30.1%
KFS
Higher net margin
ORGO
ORGO
23.5% more per $
ORGO
19.4%
-4.1%
KFS
Faster 2-yr revenue CAGR
ORGO
ORGO
Annualised
ORGO
43.2%
21.4%
KFS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KFS
KFS
ORGO
ORGO
Revenue
$38.6M
$225.6M
Net Profit
$-1.6M
$43.7M
Gross Margin
Operating Margin
0.8%
28.1%
Net Margin
-4.1%
19.4%
Revenue YoY
30.1%
78.1%
Net Profit YoY
-7.8%
469.5%
EPS (diluted)
$-0.07
$0.31

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
KFS
KFS
ORGO
ORGO
Q4 25
$38.6M
$225.6M
Q3 25
$37.2M
$150.9M
Q2 25
$30.9M
$101.0M
Q1 25
$28.3M
$86.7M
Q4 24
$29.6M
$126.7M
Q3 24
$27.1M
$115.2M
Q2 24
$26.4M
$130.2M
Q1 24
$26.2M
$110.0M
Net Profit
KFS
KFS
ORGO
ORGO
Q4 25
$-1.6M
$43.7M
Q3 25
$-2.4M
$21.6M
Q2 25
$-3.2M
$-9.4M
Q1 25
$-3.1M
$-18.8M
Q4 24
$-1.5M
$7.7M
Q3 24
$-2.3M
$12.3M
Q2 24
$-2.2M
$-17.0M
Q1 24
$-2.3M
$-2.1M
Gross Margin
KFS
KFS
ORGO
ORGO
Q4 25
Q3 25
Q2 25
Q1 25
72.6%
Q4 24
75.5%
Q3 24
76.7%
Q2 24
77.6%
Q1 24
73.9%
Operating Margin
KFS
KFS
ORGO
ORGO
Q4 25
0.8%
28.1%
Q3 25
-2.3%
13.7%
Q2 25
-3.6%
-12.5%
Q1 25
-2.5%
-30.9%
Q4 24
6.5%
8.1%
Q3 24
-2.5%
5.4%
Q2 24
0.5%
-10.7%
Q1 24
2.9%
-3.5%
Net Margin
KFS
KFS
ORGO
ORGO
Q4 25
-4.1%
19.4%
Q3 25
-6.5%
14.3%
Q2 25
-10.2%
-9.3%
Q1 25
-10.9%
-21.7%
Q4 24
-5.0%
6.1%
Q3 24
-8.5%
10.7%
Q2 24
-8.3%
-13.1%
Q1 24
-8.9%
-1.9%
EPS (diluted)
KFS
KFS
ORGO
ORGO
Q4 25
$-0.07
$0.31
Q3 25
$-0.10
$0.11
Q2 25
$-0.13
$-0.10
Q1 25
$-0.13
$-0.17
Q4 24
$-0.08
$0.05
Q3 24
$-0.10
$0.09
Q2 24
$-0.08
$-0.13
Q1 24
$-0.09
$-0.02

Balance Sheet & Financial Strength

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

Metric
KFS
KFS
ORGO
ORGO
Cash + ST InvestmentsLiquidity on hand
$8.5M
$93.7M
Total DebtLower is stronger
$70.7M
Stockholders' EquityBook value
$15.2M
$300.1M
Total Assets
$231.5M
$598.7M
Debt / EquityLower = less leverage
4.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KFS
KFS
ORGO
ORGO
Q4 25
$8.5M
$93.7M
Q3 25
$9.5M
$63.7M
Q2 25
$12.3M
$73.1M
Q1 25
$6.5M
$110.0M
Q4 24
$5.7M
$135.6M
Q3 24
$6.7M
$94.3M
Q2 24
$9.8M
$89.9M
Q1 24
$12.3M
$88.6M
Total Debt
KFS
KFS
ORGO
ORGO
Q4 25
$70.7M
Q3 25
$70.7M
Q2 25
$58.3M
Q1 25
$59.5M
Q4 24
$57.5M
Q3 24
$58.5M
$62.3M
Q2 24
$47.3M
$63.8M
Q1 24
$47.1M
$65.2M
Stockholders' Equity
KFS
KFS
ORGO
ORGO
Q4 25
$15.2M
$300.1M
Q3 25
$16.6M
$255.1M
Q2 25
$17.4M
$233.2M
Q1 25
$5.5M
$242.9M
Q4 24
$8.4M
$262.9M
Q3 24
$9.9M
$278.5M
Q2 24
$20.7M
$263.5M
Q1 24
$23.6M
$278.0M
Total Assets
KFS
KFS
ORGO
ORGO
Q4 25
$231.5M
$598.7M
Q3 25
$235.1M
$509.8M
Q2 25
$207.7M
$461.1M
Q1 25
$192.1M
$467.4M
Q4 24
$186.6M
$497.9M
Q3 24
$191.1M
$446.3M
Q2 24
$192.3M
$443.2M
Q1 24
$198.0M
$458.5M
Debt / Equity
KFS
KFS
ORGO
ORGO
Q4 25
4.66×
Q3 25
4.25×
Q2 25
3.34×
Q1 25
10.91×
Q4 24
6.84×
Q3 24
5.88×
0.22×
Q2 24
2.29×
0.24×
Q1 24
2.00×
0.23×

Cash Flow & Capital Efficiency

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

Metric
KFS
KFS
ORGO
ORGO
Operating Cash FlowLast quarter
$-3.0K
$39.4M
Free Cash FlowOCF − Capex
$34.8M
FCF MarginFCF / Revenue
15.4%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
0.90×
TTM Free Cash FlowTrailing 4 quarters
$-24.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KFS
KFS
ORGO
ORGO
Q4 25
$-3.0K
$39.4M
Q3 25
$1.5M
$3.1M
Q2 25
$337.0K
$-32.9M
Q1 25
$-1.8M
$-19.9M
Q4 24
$1.1M
$10.9M
Q3 24
$368.0K
$8.7M
Q2 24
$557.0K
$4.7M
Q1 24
$249.0K
$-10.2M
Free Cash Flow
KFS
KFS
ORGO
ORGO
Q4 25
$34.8M
Q3 25
$1.3M
$844.0K
Q2 25
$-36.5M
Q1 25
$-23.6M
Q4 24
$7.6M
Q3 24
$6.1M
Q2 24
$2.9M
Q1 24
$-12.4M
FCF Margin
KFS
KFS
ORGO
ORGO
Q4 25
15.4%
Q3 25
3.4%
0.6%
Q2 25
-36.1%
Q1 25
-27.2%
Q4 24
6.0%
Q3 24
5.3%
Q2 24
2.2%
Q1 24
-11.3%
Capex Intensity
KFS
KFS
ORGO
ORGO
Q4 25
2.1%
Q3 25
0.5%
1.5%
Q2 25
3.6%
Q1 25
4.2%
Q4 24
2.7%
Q3 24
0.0%
2.2%
Q2 24
1.4%
Q1 24
2.0%
Cash Conversion
KFS
KFS
ORGO
ORGO
Q4 25
0.90×
Q3 25
0.14×
Q2 25
Q1 25
Q4 24
1.43×
Q3 24
0.71×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

ORGO
ORGO

Segment breakdown not available.

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