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Side-by-side financial comparison of KILROY REALTY CORP (KRC) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
KILROY REALTY CORP is the larger business by last-quarter revenue ($272.2M vs $242.1M, roughly 1.1× ONESPAWORLD HOLDINGS Ltd). KILROY REALTY CORP runs the higher net margin — 6.3% vs 5.0%, a 1.3% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -5.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $14.9M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% CAGR vs -1.2%).
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.
KRC vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $272.2M | $242.1M |
| Net Profit | $17.1M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | — | 6.8% |
| Net Margin | 6.3% | 5.0% |
| Revenue YoY | -5.0% | 11.5% |
| Net Profit YoY | -73.7% | -16.2% |
| EPS (diluted) | $0.11 | $0.12 |
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 | $272.2M | $242.1M | ||
| Q3 25 | $279.7M | $258.5M | ||
| Q2 25 | $289.9M | $240.7M | ||
| Q1 25 | $270.8M | $219.6M | ||
| Q4 24 | $286.4M | $217.2M | ||
| Q3 24 | $289.9M | $241.7M | ||
| Q2 24 | $280.7M | $224.9M | ||
| Q1 24 | $278.6M | $211.2M |
| Q4 25 | $17.1M | $12.1M | ||
| Q3 25 | $162.3M | $24.3M | ||
| Q2 25 | $79.6M | $19.9M | ||
| Q1 25 | $43.7M | $15.3M | ||
| Q4 24 | $65.0M | $14.4M | ||
| Q3 24 | $57.7M | $21.6M | ||
| Q2 24 | $54.5M | $15.8M | ||
| Q1 24 | $55.7M | $21.2M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 8.0% |
| Q4 25 | 6.3% | 5.0% | ||
| Q3 25 | 58.0% | 9.4% | ||
| Q2 25 | 27.4% | 8.3% | ||
| Q1 25 | 16.1% | 7.0% | ||
| Q4 24 | 22.7% | 6.6% | ||
| Q3 24 | 19.9% | 8.9% | ||
| Q2 24 | 19.4% | 7.0% | ||
| Q1 24 | 20.0% | 10.0% |
| Q4 25 | $0.11 | $0.12 | ||
| Q3 25 | $1.31 | $0.23 | ||
| Q2 25 | $0.57 | $0.19 | ||
| Q1 25 | $0.33 | $0.15 | ||
| Q4 24 | $0.50 | $0.13 | ||
| Q3 24 | $0.44 | $0.20 | ||
| Q2 24 | $0.41 | $0.15 | ||
| Q1 24 | $0.42 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $179.3M | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $5.4B | $542.6M |
| Total Assets | $10.9B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $179.3M | $16.3M | ||
| Q3 25 | $372.4M | $29.6M | ||
| Q2 25 | $193.1M | $35.0M | ||
| Q1 25 | $146.7M | $22.6M | ||
| Q4 24 | $165.7M | $57.4M | ||
| Q3 24 | $625.4M | $48.8M | ||
| Q2 24 | $835.9M | $62.5M | ||
| Q1 24 | $855.0M | $65.4M |
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
| Q4 25 | $5.4B | $542.6M | ||
| Q3 25 | $5.5B | $552.8M | ||
| Q2 25 | $5.4B | $548.3M | ||
| Q1 25 | $5.4B | $530.6M | ||
| Q4 24 | $5.4B | $554.5M | ||
| Q3 24 | $5.4B | $540.1M | ||
| Q2 24 | $5.4B | $532.7M | ||
| Q1 24 | $5.4B | $515.5M |
| Q4 25 | $10.9B | $707.1M | ||
| Q3 25 | $11.0B | $732.6M | ||
| Q2 25 | $10.9B | $731.8M | ||
| Q1 25 | $10.9B | $708.7M | ||
| Q4 24 | $10.9B | $746.4M | ||
| Q3 24 | $11.4B | $734.0M | ||
| Q2 24 | $11.5B | $756.8M | ||
| Q1 24 | $11.6B | $763.6M |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
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 | $566.3M | $20.0M |
| Free Cash FlowOCF − Capex | $450.3M | $14.9M |
| FCF MarginFCF / Revenue | 165.4% | 6.2% |
| Capex IntensityCapex / Revenue | 42.6% | 2.1% |
| Cash ConversionOCF / Net Profit | 33.10× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $833.0M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $566.3M | $20.0M | ||
| Q3 25 | $176.6M | $33.2M | ||
| Q2 25 | $143.7M | $20.3M | ||
| Q1 25 | $136.9M | $10.1M | ||
| Q4 24 | $541.1M | $16.6M | ||
| Q3 24 | $176.3M | $28.6M | ||
| Q2 24 | $88.7M | $18.7M | ||
| Q1 24 | $167.9M | $15.0M |
| Q4 25 | $450.3M | $14.9M | ||
| Q3 25 | $148.7M | $27.6M | ||
| Q2 25 | $118.4M | $17.6M | ||
| Q1 25 | $115.6M | $8.4M | ||
| Q4 24 | $440.8M | $13.2M | ||
| Q3 24 | $147.2M | $27.5M | ||
| Q2 24 | $69.5M | $17.6M | ||
| Q1 24 | $151.9M | $13.7M |
| Q4 25 | 165.4% | 6.2% | ||
| Q3 25 | 53.1% | 10.7% | ||
| Q2 25 | 40.9% | 7.3% | ||
| Q1 25 | 42.7% | 3.8% | ||
| Q4 24 | 153.9% | 6.1% | ||
| Q3 24 | 50.8% | 11.4% | ||
| Q2 24 | 24.7% | 7.8% | ||
| Q1 24 | 54.5% | 6.5% |
| Q4 25 | 42.6% | 2.1% | ||
| Q3 25 | 10.0% | 2.2% | ||
| Q2 25 | 8.7% | 1.1% | ||
| Q1 25 | 7.9% | 0.8% | ||
| Q4 24 | 35.0% | 1.5% | ||
| Q3 24 | 10.1% | 0.5% | ||
| Q2 24 | 6.8% | 0.5% | ||
| Q1 24 | 5.7% | 0.6% |
| Q4 25 | 33.10× | 1.65× | ||
| Q3 25 | 1.09× | 1.36× | ||
| Q2 25 | 1.81× | 1.02× | ||
| Q1 25 | 3.13× | 0.66× | ||
| Q4 24 | 8.32× | 1.15× | ||
| Q3 24 | 3.06× | 1.33× | ||
| Q2 24 | 1.63× | 1.19× | ||
| Q1 24 | 3.01× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KRC
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
