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Side-by-side financial comparison of KAMADA LTD (KMDA) and Star Holdings (STHO). Click either name above to swap in a different company.

KAMADA LTD is the larger business by last-quarter revenue ($47.0M vs $25.4M, roughly 1.9× Star Holdings). KAMADA LTD runs the higher net margin — 11.3% vs -75.5%, a 86.7% gap on every dollar of revenue. On growth, KAMADA LTD posted the faster year-over-year revenue change (12.6% vs -22.6%). Over the past eight quarters, KAMADA LTD's revenue compounded faster (12.0% CAGR vs -0.2%).

Kamada Ltd. is a global biopharmaceutical company specializing in the research, manufacturing, and commercialization of specialty pharmaceuticals derived from human plasma.

Blue Star Ltd is an Indian multinational home appliances company, headquartered in Mumbai. It specializes in air conditioning, commercial refrigeration and MEP. It is the country's second largest homegrown player in the air conditioning space.

KMDA vs STHO — Head-to-Head

Bigger by revenue
KMDA
KMDA
1.9× larger
KMDA
$47.0M
$25.4M
STHO
Growing faster (revenue YoY)
KMDA
KMDA
+35.2% gap
KMDA
12.6%
-22.6%
STHO
Higher net margin
KMDA
KMDA
86.7% more per $
KMDA
11.3%
-75.5%
STHO
Faster 2-yr revenue CAGR
KMDA
KMDA
Annualised
KMDA
12.0%
-0.2%
STHO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
KMDA
KMDA
STHO
STHO
Revenue
$47.0M
$25.4M
Net Profit
$5.3M
$-19.1M
Gross Margin
42.0%
Operating Margin
16.6%
-91.7%
Net Margin
11.3%
-75.5%
Revenue YoY
12.6%
-22.6%
Net Profit YoY
37.1%
81.3%
EPS (diluted)
$0.09
$-1.52

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
KMDA
KMDA
STHO
STHO
Q4 25
$25.4M
Q3 25
$47.0M
$28.1M
Q2 25
$44.8M
$42.1M
Q1 25
$44.0M
$14.6M
Q4 24
$32.8M
Q3 24
$41.7M
$24.6M
Q2 24
$42.5M
$30.6M
Q1 24
$37.7M
$25.4M
Net Profit
KMDA
KMDA
STHO
STHO
Q4 25
$-19.1M
Q3 25
$5.3M
$1.8M
Q2 25
$7.4M
$-39.3M
Q1 25
$4.0M
$-7.6M
Q4 24
$-102.6M
Q3 24
$3.9M
$91.9M
Q2 24
$4.4M
$-27.1M
Q1 24
$2.4M
$-49.0M
Gross Margin
KMDA
KMDA
STHO
STHO
Q4 25
Q3 25
42.0%
Q2 25
42.3%
Q1 25
47.1%
Q4 24
Q3 24
41.3%
Q2 24
44.6%
Q1 24
44.4%
Operating Margin
KMDA
KMDA
STHO
STHO
Q4 25
-91.7%
Q3 25
16.6%
1.0%
Q2 25
15.8%
-94.5%
Q1 25
17.7%
-55.0%
Q4 24
-314.1%
Q3 24
12.7%
Q2 24
13.3%
-91.5%
Q1 24
10.7%
-192.6%
Net Margin
KMDA
KMDA
STHO
STHO
Q4 25
-75.5%
Q3 25
11.3%
6.4%
Q2 25
16.5%
-93.5%
Q1 25
9.0%
-52.0%
Q4 24
-313.1%
Q3 24
9.3%
374.3%
Q2 24
10.4%
-88.8%
Q1 24
6.3%
-192.6%
EPS (diluted)
KMDA
KMDA
STHO
STHO
Q4 25
$-1.52
Q3 25
$0.09
$0.14
Q2 25
$0.13
$-2.95
Q1 25
$0.07
$-0.57
Q4 24
$-7.69
Q3 24
$0.07
$6.90
Q2 24
$0.08
$-2.04
Q1 24
$0.04
$-3.68

Balance Sheet & Financial Strength

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

Metric
KMDA
KMDA
STHO
STHO
Cash + ST InvestmentsLiquidity on hand
$72.0M
$50.1M
Total DebtLower is stronger
$268.7M
Stockholders' EquityBook value
$265.2M
$251.8M
Total Assets
$377.2M
$570.2M
Debt / EquityLower = less leverage
1.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KMDA
KMDA
STHO
STHO
Q4 25
$50.1M
Q3 25
$72.0M
$40.6M
Q2 25
$66.0M
$44.2M
Q1 25
$76.3M
$30.3M
Q4 24
$35.0M
Q3 24
$72.0M
$45.0M
Q2 24
$56.5M
$48.3M
Q1 24
$48.2M
$45.7M
Total Debt
KMDA
KMDA
STHO
STHO
Q4 25
$268.7M
Q3 25
$259.3M
Q2 25
$245.4M
Q1 25
$231.5M
Q4 24
$217.3M
Q3 24
$201.2M
Q2 24
$197.2M
Q1 24
$195.0M
Stockholders' Equity
KMDA
KMDA
STHO
STHO
Q4 25
$251.8M
Q3 25
$265.2M
$275.4M
Q2 25
$260.0M
$276.1M
Q1 25
$252.0M
$316.1M
Q4 24
$324.3M
Q3 24
$255.3M
$427.5M
Q2 24
$251.2M
$335.3M
Q1 24
$251.2M
$362.4M
Total Assets
KMDA
KMDA
STHO
STHO
Q4 25
$570.2M
Q3 25
$377.2M
$595.9M
Q2 25
$368.2M
$589.9M
Q1 25
$375.1M
$618.2M
Q4 24
$608.7M
Q3 24
$351.2M
$696.5M
Q2 24
$351.0M
$601.0M
Q1 24
$343.2M
$622.9M
Debt / Equity
KMDA
KMDA
STHO
STHO
Q4 25
1.07×
Q3 25
0.94×
Q2 25
0.89×
Q1 25
0.73×
Q4 24
0.67×
Q3 24
0.47×
Q2 24
0.59×
Q1 24
0.54×

Cash Flow & Capital Efficiency

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

Metric
KMDA
KMDA
STHO
STHO
Operating Cash FlowLast quarter
$10.4M
$-11.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.97×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KMDA
KMDA
STHO
STHO
Q4 25
$-11.7M
Q3 25
$10.4M
$5.3M
Q2 25
$8.0M
$-2.6M
Q1 25
$-513.0K
$-6.3M
Q4 24
$-31.3M
Q3 24
$22.2M
$-3.8M
Q2 24
$14.0M
$-6.4M
Q1 24
$1.0M
$-14.2M
Cash Conversion
KMDA
KMDA
STHO
STHO
Q4 25
Q3 25
1.97×
2.95×
Q2 25
1.09×
Q1 25
-0.13×
Q4 24
Q3 24
5.75×
-0.04×
Q2 24
3.15×
Q1 24
0.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KMDA
KMDA

Segment breakdown not available.

STHO
STHO

Land Development$13.0M51%
Other Income Revenue$9.3M37%
Operating Lease Income$2.0M8%
Other$1.2M5%

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