vs

Side-by-side financial comparison of KILROY REALTY CORP (KRC) and PHIBRO ANIMAL HEALTH CORP (PAHC). Click either name above to swap in a different company.

PHIBRO ANIMAL HEALTH CORP is the larger business by last-quarter revenue ($373.9M vs $272.2M, roughly 1.4× KILROY REALTY CORP). PHIBRO ANIMAL HEALTH CORP runs the higher net margin — 7.3% vs 6.3%, a 1.1% gap on every dollar of revenue. On growth, PHIBRO ANIMAL HEALTH CORP posted the faster year-over-year revenue change (20.9% vs -5.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $8.3M). Over the past eight quarters, PHIBRO ANIMAL HEALTH CORP's revenue compounded faster (19.2% 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.

Phibro Animal Health Corporation is an American animal health and mineral nutrition company. Its products include antibacterials, anticoccidials, anthelmintics, as well as animal nutrition and vaccines for livestock. The company operates through three segments Mineral Nutrition, Performance Materials, and Animal Health, from which most of its revenue is derived. The company operates in the United States, Latin America, Canada, Europe, Middle East, Africa, and Asia-Pacific. It is incorporated ...

KRC vs PAHC — Head-to-Head

Bigger by revenue
PAHC
PAHC
1.4× larger
PAHC
$373.9M
$272.2M
KRC
Growing faster (revenue YoY)
PAHC
PAHC
+25.9% gap
PAHC
20.9%
-5.0%
KRC
Higher net margin
PAHC
PAHC
1.1% more per $
PAHC
7.3%
6.3%
KRC
More free cash flow
KRC
KRC
$442.0M more FCF
KRC
$450.3M
$8.3M
PAHC
Faster 2-yr revenue CAGR
PAHC
PAHC
Annualised
PAHC
19.2%
-1.2%
KRC

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
KRC
KRC
PAHC
PAHC
Revenue
$272.2M
$373.9M
Net Profit
$17.1M
$27.5M
Gross Margin
35.5%
Operating Margin
13.5%
Net Margin
6.3%
7.3%
Revenue YoY
-5.0%
20.9%
Net Profit YoY
-73.7%
762.1%
EPS (diluted)
$0.11
$0.67

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
PAHC
PAHC
Q4 25
$272.2M
$373.9M
Q3 25
$279.7M
$363.9M
Q2 25
$289.9M
$378.7M
Q1 25
$270.8M
$347.8M
Q4 24
$286.4M
$309.3M
Q3 24
$289.9M
$260.4M
Q2 24
$280.7M
$273.2M
Q1 24
$278.6M
$263.2M
Net Profit
KRC
KRC
PAHC
PAHC
Q4 25
$17.1M
$27.5M
Q3 25
$162.3M
$26.5M
Q2 25
$79.6M
$17.2M
Q1 25
$43.7M
$20.9M
Q4 24
$65.0M
$3.2M
Q3 24
$57.7M
$7.0M
Q2 24
$54.5M
$752.0K
Q1 24
$55.7M
$8.4M
Gross Margin
KRC
KRC
PAHC
PAHC
Q4 25
35.5%
Q3 25
32.9%
Q2 25
29.0%
Q1 25
30.1%
Q4 24
32.9%
Q3 24
32.1%
Q2 24
31.9%
Q1 24
30.2%
Operating Margin
KRC
KRC
PAHC
PAHC
Q4 25
13.5%
Q3 25
14.1%
Q2 25
8.9%
Q1 25
9.6%
Q4 24
8.3%
Q3 24
6.8%
Q2 24
6.7%
Q1 24
7.6%
Net Margin
KRC
KRC
PAHC
PAHC
Q4 25
6.3%
7.3%
Q3 25
58.0%
7.3%
Q2 25
27.4%
4.5%
Q1 25
16.1%
6.0%
Q4 24
22.7%
1.0%
Q3 24
19.9%
2.7%
Q2 24
19.4%
0.3%
Q1 24
20.0%
3.2%
EPS (diluted)
KRC
KRC
PAHC
PAHC
Q4 25
$0.11
$0.67
Q3 25
$1.31
$0.65
Q2 25
$0.57
$0.43
Q1 25
$0.33
$0.51
Q4 24
$0.50
$0.08
Q3 24
$0.44
$0.17
Q2 24
$0.41
$0.02
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
KRC
KRC
PAHC
PAHC
Cash + ST InvestmentsLiquidity on hand
$179.3M
$74.5M
Total DebtLower is stronger
$624.2M
Stockholders' EquityBook value
$5.4B
$332.4M
Total Assets
$10.9B
$1.4B
Debt / EquityLower = less leverage
1.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRC
KRC
PAHC
PAHC
Q4 25
$179.3M
$74.5M
Q3 25
$372.4M
$85.3M
Q2 25
$193.1M
$77.0M
Q1 25
$146.7M
$70.4M
Q4 24
$165.7M
$67.1M
Q3 24
$625.4M
$89.8M
Q2 24
$835.9M
$114.6M
Q1 24
$855.0M
$98.7M
Total Debt
KRC
KRC
PAHC
PAHC
Q4 25
$624.2M
Q3 25
$628.0M
Q2 25
$631.7M
Q1 25
$635.4M
Q4 24
$639.1M
Q3 24
$295.2M
Q2 24
$312.1M
Q1 24
Stockholders' Equity
KRC
KRC
PAHC
PAHC
Q4 25
$5.4B
$332.4M
Q3 25
$5.5B
$311.7M
Q2 25
$5.4B
$285.7M
Q1 25
$5.4B
$266.0M
Q4 24
$5.4B
$246.8M
Q3 24
$5.4B
$258.5M
Q2 24
$5.4B
$256.6M
Q1 24
$5.4B
$270.1M
Total Assets
KRC
KRC
PAHC
PAHC
Q4 25
$10.9B
$1.4B
Q3 25
$11.0B
$1.4B
Q2 25
$10.9B
$1.4B
Q1 25
$10.9B
$1.3B
Q4 24
$10.9B
$1.3B
Q3 24
$11.4B
$966.3M
Q2 24
$11.5B
$982.2M
Q1 24
$11.6B
$979.0M
Debt / Equity
KRC
KRC
PAHC
PAHC
Q4 25
1.88×
Q3 25
2.01×
Q2 25
2.21×
Q1 25
2.39×
Q4 24
2.59×
Q3 24
1.14×
Q2 24
1.22×
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
KRC
KRC
PAHC
PAHC
Operating Cash FlowLast quarter
$566.3M
$19.4M
Free Cash FlowOCF − Capex
$450.3M
$8.3M
FCF MarginFCF / Revenue
165.4%
2.2%
Capex IntensityCapex / Revenue
42.6%
3.0%
Cash ConversionOCF / Net Profit
33.10×
0.70×
TTM Free Cash FlowTrailing 4 quarters
$833.0M
$47.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRC
KRC
PAHC
PAHC
Q4 25
$566.3M
$19.4M
Q3 25
$176.6M
$9.3M
Q2 25
$143.7M
$21.3M
Q1 25
$136.9M
$43.2M
Q4 24
$541.1M
$3.1M
Q3 24
$176.3M
$12.6M
Q2 24
$88.7M
$28.4M
Q1 24
$167.9M
$11.4M
Free Cash Flow
KRC
KRC
PAHC
PAHC
Q4 25
$450.3M
$8.3M
Q3 25
$148.7M
$-4.5M
Q2 25
$118.4M
$8.1M
Q1 25
$115.6M
$35.4M
Q4 24
$440.8M
$-4.7M
Q3 24
$147.2M
$3.0M
Q2 24
$69.5M
$15.4M
Q1 24
$151.9M
$1.7M
FCF Margin
KRC
KRC
PAHC
PAHC
Q4 25
165.4%
2.2%
Q3 25
53.1%
-1.2%
Q2 25
40.9%
2.1%
Q1 25
42.7%
10.2%
Q4 24
153.9%
-1.5%
Q3 24
50.8%
1.2%
Q2 24
24.7%
5.6%
Q1 24
54.5%
0.6%
Capex Intensity
KRC
KRC
PAHC
PAHC
Q4 25
42.6%
3.0%
Q3 25
10.0%
3.8%
Q2 25
8.7%
3.5%
Q1 25
7.9%
2.2%
Q4 24
35.0%
2.5%
Q3 24
10.1%
3.7%
Q2 24
6.8%
4.8%
Q1 24
5.7%
3.7%
Cash Conversion
KRC
KRC
PAHC
PAHC
Q4 25
33.10×
0.70×
Q3 25
1.09×
0.35×
Q2 25
1.81×
1.24×
Q1 25
3.13×
2.07×
Q4 24
8.32×
0.97×
Q3 24
3.06×
1.81×
Q2 24
1.63×
37.80×
Q1 24
3.01×
1.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KRC
KRC

Segment breakdown not available.

PAHC
PAHC

Medicated Feed Additives And Others$202.1M54%
Mineral Nutrition$68.9M18%
Nutritional Specialties$50.2M13%
Vaccines$37.6M10%
Performance Products$15.0M4%

Related Comparisons