vs

Side-by-side financial comparison of KILROY REALTY CORP (KRC) and Navios Maritime Partners L.P. (NMM). Click either name above to swap in a different company.

Navios Maritime Partners L.P. is the larger business by last-quarter revenue ($327.6M vs $272.2M, roughly 1.2× KILROY REALTY CORP). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 6.3%, a 15.1% gap on every dollar of revenue. On growth, Navios Maritime Partners L.P. posted the faster year-over-year revenue change (-4.3% vs -5.0%).

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.

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

KRC vs NMM — Head-to-Head

Bigger by revenue
NMM
NMM
1.2× larger
NMM
$327.6M
$272.2M
KRC
Growing faster (revenue YoY)
NMM
NMM
+0.7% gap
NMM
-4.3%
-5.0%
KRC
Higher net margin
NMM
NMM
15.1% more per $
NMM
21.4%
6.3%
KRC

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
KRC
KRC
NMM
NMM
Revenue
$272.2M
$327.6M
Net Profit
$17.1M
$69.9M
Gross Margin
90.5%
Operating Margin
Net Margin
6.3%
21.4%
Revenue YoY
-5.0%
-4.3%
Net Profit YoY
-73.7%
-31.1%
EPS (diluted)
$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.

Revenue
KRC
KRC
NMM
NMM
Q4 25
$272.2M
Q3 25
$279.7M
Q2 25
$289.9M
$327.6M
Q1 25
$270.8M
Q4 24
$286.4M
Q3 24
$289.9M
Q2 24
$280.7M
$342.2M
Q1 24
$278.6M
Net Profit
KRC
KRC
NMM
NMM
Q4 25
$17.1M
Q3 25
$162.3M
Q2 25
$79.6M
$69.9M
Q1 25
$43.7M
Q4 24
$65.0M
Q3 24
$57.7M
Q2 24
$54.5M
$101.5M
Q1 24
$55.7M
Gross Margin
KRC
KRC
NMM
NMM
Q4 25
Q3 25
Q2 25
90.5%
Q1 25
Q4 24
Q3 24
Q2 24
88.3%
Q1 24
Net Margin
KRC
KRC
NMM
NMM
Q4 25
6.3%
Q3 25
58.0%
Q2 25
27.4%
21.4%
Q1 25
16.1%
Q4 24
22.7%
Q3 24
19.9%
Q2 24
19.4%
29.7%
Q1 24
20.0%
EPS (diluted)
KRC
KRC
NMM
NMM
Q4 25
$0.11
Q3 25
$1.31
Q2 25
$0.57
Q1 25
$0.33
Q4 24
$0.50
Q3 24
$0.44
Q2 24
$0.41
Q1 24
$0.42

Balance Sheet & Financial Strength

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

Metric
KRC
KRC
NMM
NMM
Cash + ST InvestmentsLiquidity on hand
$179.3M
$377.0M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$5.4B
Total Assets
$10.9B
$5.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRC
KRC
NMM
NMM
Q4 25
$179.3M
Q3 25
$372.4M
Q2 25
$193.1M
$377.0M
Q1 25
$146.7M
Q4 24
$165.7M
Q3 24
$625.4M
Q2 24
$835.9M
$272.0M
Q1 24
$855.0M
Total Debt
KRC
KRC
NMM
NMM
Q4 25
Q3 25
Q2 25
$2.0B
Q1 25
Q4 24
Q3 24
Q2 24
$1.4B
Q1 24
Stockholders' Equity
KRC
KRC
NMM
NMM
Q4 25
$5.4B
Q3 25
$5.5B
Q2 25
$5.4B
Q1 25
$5.4B
Q4 24
$5.4B
Q3 24
$5.4B
Q2 24
$5.4B
Q1 24
$5.4B
Total Assets
KRC
KRC
NMM
NMM
Q4 25
$10.9B
Q3 25
$11.0B
Q2 25
$10.9B
$5.9B
Q1 25
$10.9B
Q4 24
$10.9B
Q3 24
$11.4B
Q2 24
$11.5B
$5.3B
Q1 24
$11.6B

Cash Flow & Capital Efficiency

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

Metric
KRC
KRC
NMM
NMM
Operating Cash FlowLast quarter
$566.3M
Free Cash FlowOCF − Capex
$450.3M
FCF MarginFCF / Revenue
165.4%
Capex IntensityCapex / Revenue
42.6%
Cash ConversionOCF / Net Profit
33.10×
TTM Free Cash FlowTrailing 4 quarters
$833.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRC
KRC
NMM
NMM
Q4 25
$566.3M
Q3 25
$176.6M
Q2 25
$143.7M
Q1 25
$136.9M
Q4 24
$541.1M
Q3 24
$176.3M
Q2 24
$88.7M
Q1 24
$167.9M
Free Cash Flow
KRC
KRC
NMM
NMM
Q4 25
$450.3M
Q3 25
$148.7M
Q2 25
$118.4M
Q1 25
$115.6M
Q4 24
$440.8M
Q3 24
$147.2M
Q2 24
$69.5M
Q1 24
$151.9M
FCF Margin
KRC
KRC
NMM
NMM
Q4 25
165.4%
Q3 25
53.1%
Q2 25
40.9%
Q1 25
42.7%
Q4 24
153.9%
Q3 24
50.8%
Q2 24
24.7%
Q1 24
54.5%
Capex Intensity
KRC
KRC
NMM
NMM
Q4 25
42.6%
Q3 25
10.0%
Q2 25
8.7%
Q1 25
7.9%
Q4 24
35.0%
Q3 24
10.1%
Q2 24
6.8%
Q1 24
5.7%
Cash Conversion
KRC
KRC
NMM
NMM
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.

Related Comparisons