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Side-by-side financial comparison of KILROY REALTY CORP (KRC) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
KILROY REALTY CORP is the larger business by last-quarter revenue ($272.2M vs $207.0M, roughly 1.3× ONE Group Hospitality, Inc.). KILROY REALTY CORP runs the higher net margin — 6.3% vs -3.1%, a 9.4% gap on every dollar of revenue. On growth, KILROY REALTY CORP posted the faster year-over-year revenue change (-5.0% vs -6.7%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $-329.0K). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
KRC vs STKS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $272.2M | $207.0M |
| Net Profit | $17.1M | $-6.4M |
| Gross Margin | — | — |
| Operating Margin | — | 2.2% |
| Net Margin | 6.3% | -3.1% |
| Revenue YoY | -5.0% | -6.7% |
| Net Profit YoY | -73.7% | -531.8% |
| EPS (diluted) | $0.11 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $279.7M | $180.2M | ||
| Q2 25 | $289.9M | $207.4M | ||
| Q1 25 | $270.8M | $211.1M | ||
| Q4 24 | $286.4M | $221.9M | ||
| Q3 24 | $289.9M | $194.0M | ||
| Q2 24 | $280.7M | $172.5M | ||
| Q1 24 | $278.6M | $85.0M |
| Q4 25 | $17.1M | $-6.4M | ||
| Q3 25 | $162.3M | $-76.7M | ||
| Q2 25 | $79.6M | $-10.1M | ||
| Q1 25 | $43.7M | $975.0K | ||
| Q4 24 | $65.0M | $1.5M | ||
| Q3 24 | $57.7M | $-9.3M | ||
| Q2 24 | $54.5M | $-7.3M | ||
| Q1 24 | $55.7M | $-2.1M |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | -4.4% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | -1.9% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | -0.7% |
| Q4 25 | 6.3% | -3.1% | ||
| Q3 25 | 58.0% | -42.6% | ||
| Q2 25 | 27.4% | -4.9% | ||
| Q1 25 | 16.1% | 0.5% | ||
| Q4 24 | 22.7% | 0.7% | ||
| Q3 24 | 19.9% | -4.8% | ||
| Q2 24 | 19.4% | -4.3% | ||
| Q1 24 | 20.0% | -2.4% |
| Q4 25 | $0.11 | $-0.50 | ||
| Q3 25 | $1.31 | $-2.75 | ||
| Q2 25 | $0.57 | $-0.59 | ||
| Q1 25 | $0.33 | $-0.21 | ||
| Q4 24 | $0.50 | $-0.18 | ||
| Q3 24 | $0.44 | $-0.53 | ||
| Q2 24 | $0.41 | $-0.38 | ||
| Q1 24 | $0.42 | $-0.07 |
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 | $4.2M |
| Total DebtLower is stronger | — | $354.2M |
| Stockholders' EquityBook value | $5.4B | $-75.8M |
| Total Assets | $10.9B | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $179.3M | $4.2M | ||
| Q3 25 | $372.4M | $5.5M | ||
| Q2 25 | $193.1M | $4.7M | ||
| Q1 25 | $146.7M | $21.4M | ||
| Q4 24 | $165.7M | $27.6M | ||
| Q3 24 | $625.4M | $28.2M | ||
| Q2 24 | $835.9M | $32.2M | ||
| Q1 24 | $855.0M | $15.4M |
| Q4 25 | — | $354.2M | ||
| Q3 25 | — | $355.0M | ||
| Q2 25 | — | $347.4M | ||
| Q1 25 | — | $348.3M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M | ||
| Q1 24 | — | $73.5M |
| Q4 25 | $5.4B | $-75.8M | ||
| Q3 25 | $5.5B | $-61.5M | ||
| Q2 25 | $5.4B | $23.0M | ||
| Q1 25 | $5.4B | $40.5M | ||
| Q4 24 | $5.4B | $45.9M | ||
| Q3 24 | $5.4B | $51.4M | ||
| Q2 24 | $5.4B | $68.1M | ||
| Q1 24 | $5.4B | $68.3M |
| Q4 25 | $10.9B | $884.2M | ||
| Q3 25 | $11.0B | $879.5M | ||
| Q2 25 | $10.9B | $935.7M | ||
| Q1 25 | $10.9B | $956.0M | ||
| Q4 24 | $10.9B | $960.1M | ||
| Q3 24 | $11.4B | $953.5M | ||
| Q2 24 | $11.5B | $945.9M | ||
| Q1 24 | $11.6B | $309.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | — | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× | ||
| Q1 24 | — | 1.08× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | $450.3M | $-329.0K |
| FCF MarginFCF / Revenue | 165.4% | -0.2% |
| Capex IntensityCapex / Revenue | 42.6% | 6.5% |
| Cash ConversionOCF / Net Profit | 33.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $833.0M | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $566.3M | $13.1M | ||
| Q3 25 | $176.6M | $5.9M | ||
| Q2 25 | $143.7M | $2.8M | ||
| Q1 25 | $136.9M | $8.5M | ||
| Q4 24 | $541.1M | $18.5M | ||
| Q3 24 | $176.3M | $19.1M | ||
| Q2 24 | $88.7M | $-3.8M | ||
| Q1 24 | $167.9M | $10.4M |
| Q4 25 | $450.3M | $-329.0K | ||
| Q3 25 | $148.7M | $-6.1M | ||
| Q2 25 | $118.4M | $-15.0M | ||
| Q1 25 | $115.6M | $-5.8M | ||
| Q4 24 | $440.8M | $733.0K | ||
| Q3 24 | $147.2M | $287.0K | ||
| Q2 24 | $69.5M | $-23.0M | ||
| Q1 24 | $151.9M | $-5.4M |
| Q4 25 | 165.4% | -0.2% | ||
| Q3 25 | 53.1% | -3.4% | ||
| Q2 25 | 40.9% | -7.2% | ||
| Q1 25 | 42.7% | -2.7% | ||
| Q4 24 | 153.9% | 0.3% | ||
| Q3 24 | 50.8% | 0.1% | ||
| Q2 24 | 24.7% | -13.3% | ||
| Q1 24 | 54.5% | -6.4% |
| Q4 25 | 42.6% | 6.5% | ||
| Q3 25 | 10.0% | 6.7% | ||
| Q2 25 | 8.7% | 8.6% | ||
| Q1 25 | 7.9% | 6.8% | ||
| Q4 24 | 35.0% | 8.0% | ||
| Q3 24 | 10.1% | 9.7% | ||
| Q2 24 | 6.8% | 11.1% | ||
| Q1 24 | 5.7% | 18.6% |
| Q4 25 | 33.10× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.81× | — | ||
| Q1 25 | 3.13× | 8.76× | ||
| Q4 24 | 8.32× | 12.54× | ||
| 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.
Revenue Breakdown by Segment
KRC
Segment breakdown not available.
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
