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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
Mayville Engineering Company, Inc. is the larger business by last-quarter revenue ($134.3M vs $120.6M, roughly 1.1× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs -3.2%, a 51.3% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -11.0%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $-55.2M). Over the past eight quarters, Kennedy-Wilson Holdings, Inc.'s revenue compounded faster (-6.0% CAGR vs -8.8%).
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
KW vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.6M | $134.3M |
| Net Profit | $58.0M | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | 57.3% | -4.1% |
| Net Margin | 48.1% | -3.2% |
| Revenue YoY | -11.0% | 10.7% |
| Net Profit YoY | 32.7% | -127.3% |
| EPS (diluted) | $0.22 | $-0.22 |
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 | $120.6M | $134.3M | ||
| Q3 25 | $116.4M | $144.3M | ||
| Q2 25 | $135.7M | $132.3M | ||
| Q1 25 | $128.3M | $135.6M | ||
| Q4 24 | $135.5M | $121.3M | ||
| Q3 24 | $127.5M | $135.4M | ||
| Q2 24 | $132.0M | $163.6M | ||
| Q1 24 | $136.4M | $161.3M |
| Q4 25 | $58.0M | $-4.4M | ||
| Q3 25 | $-10.2M | $-2.7M | ||
| Q2 25 | $5.6M | $-1.1M | ||
| Q1 25 | $-29.6M | $20.0K | ||
| Q4 24 | $43.7M | $16.0M | ||
| Q3 24 | $-66.8M | $3.0M | ||
| Q2 24 | $-48.3M | $3.8M | ||
| Q1 24 | $37.7M | $3.2M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 11.3% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 13.6% | ||
| Q1 24 | — | 13.0% |
| Q4 25 | 57.3% | -4.1% | ||
| Q3 25 | -6.2% | 0.0% | ||
| Q2 25 | 7.4% | 0.1% | ||
| Q1 25 | -26.9% | 1.2% | ||
| Q4 24 | 36.7% | 19.0% | ||
| Q3 24 | -60.8% | 4.2% | ||
| Q2 24 | -45.5% | 5.0% | ||
| Q1 24 | 47.2% | 4.7% |
| Q4 25 | 48.1% | -3.2% | ||
| Q3 25 | -8.8% | -1.9% | ||
| Q2 25 | 4.1% | -0.8% | ||
| Q1 25 | -23.1% | 0.0% | ||
| Q4 24 | 32.3% | 13.2% | ||
| Q3 24 | -52.4% | 2.2% | ||
| Q2 24 | -36.6% | 2.3% | ||
| Q1 24 | 27.6% | 2.0% |
| Q4 25 | $0.22 | $-0.22 | ||
| Q3 25 | $-0.15 | $-0.13 | ||
| Q2 25 | $-0.05 | $-0.05 | ||
| Q1 25 | $-0.30 | $0.00 | ||
| Q4 24 | $0.24 | $0.76 | ||
| Q3 24 | $-0.56 | $0.14 | ||
| Q2 24 | $-0.43 | $0.18 | ||
| Q1 24 | $0.19 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $184.5M | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $240.7M |
| Total Assets | $6.6B | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.5M | $1.5M | ||
| Q3 25 | $382.6M | $1.2M | ||
| Q2 25 | $309.1M | $206.0K | ||
| Q1 25 | $356.6M | $183.0K | ||
| Q4 24 | $217.5M | $206.0K | ||
| Q3 24 | $367.1M | $178.0K | ||
| Q2 24 | $366.5M | $314.0K | ||
| Q1 24 | $541.9M | $314.0K |
| Q4 25 | $1.5B | $240.7M | ||
| Q3 25 | $1.5B | $244.8M | ||
| Q2 25 | $1.6B | $246.8M | ||
| Q1 25 | $1.6B | $250.0M | ||
| Q4 24 | $1.6B | $251.8M | ||
| Q3 24 | $1.6B | $238.4M | ||
| Q2 24 | $1.7B | $238.1M | ||
| Q1 24 | $1.7B | $234.0M |
| Q4 25 | $6.6B | $563.6M | ||
| Q3 25 | $6.7B | $585.6M | ||
| Q2 25 | $6.8B | $433.7M | ||
| Q1 25 | $7.2B | $447.7M | ||
| Q4 24 | $7.0B | $445.6M | ||
| Q3 24 | $7.4B | $466.0M | ||
| Q2 24 | $7.5B | $488.2M | ||
| Q1 24 | $7.7B | $499.9M |
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 | $11.4M | $13.4M |
| Free Cash FlowOCF − Capex | $-55.2M | $10.2M |
| FCF MarginFCF / Revenue | -45.8% | 7.6% |
| Capex IntensityCapex / Revenue | 55.2% | 2.4% |
| Cash ConversionOCF / Net Profit | 0.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-103.5M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $13.4M | ||
| Q3 25 | $-7.6M | $1.9M | ||
| Q2 25 | $42.0M | $15.0M | ||
| Q1 25 | $-51.9M | $8.3M | ||
| Q4 24 | $55.1M | $38.0M | ||
| Q3 24 | $-5.6M | $17.9M | ||
| Q2 24 | $36.7M | $23.3M | ||
| Q1 24 | $-5.6M | $10.6M |
| Q4 25 | $-55.2M | $10.2M | ||
| Q3 25 | $-18.0M | $-1.1M | ||
| Q2 25 | $29.4M | $12.5M | ||
| Q1 25 | $-59.7M | $5.4M | ||
| Q4 24 | $-76.5M | $35.6M | ||
| Q3 24 | $-27.7M | $15.1M | ||
| Q2 24 | $-500.0K | $19.2M | ||
| Q1 24 | $-57.1M | $7.8M |
| Q4 25 | -45.8% | 7.6% | ||
| Q3 25 | -15.5% | -0.8% | ||
| Q2 25 | 21.7% | 9.5% | ||
| Q1 25 | -46.5% | 4.0% | ||
| Q4 24 | -56.5% | 29.4% | ||
| Q3 24 | -21.7% | 11.1% | ||
| Q2 24 | -0.4% | 11.7% | ||
| Q1 24 | -41.9% | 4.9% |
| Q4 25 | 55.2% | 2.4% | ||
| Q3 25 | 8.9% | 2.1% | ||
| Q2 25 | 9.3% | 1.8% | ||
| Q1 25 | 6.1% | 2.2% | ||
| Q4 24 | 97.1% | 1.9% | ||
| Q3 24 | 17.3% | 2.1% | ||
| Q2 24 | 28.2% | 2.5% | ||
| Q1 24 | 37.8% | 1.7% |
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 7.50× | — | ||
| Q1 25 | — | 416.65× | ||
| Q4 24 | 1.26× | 2.38× | ||
| Q3 24 | — | 6.03× | ||
| Q2 24 | — | 6.15× | ||
| Q1 24 | -0.15× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KW
| Consolidated Portfolio Segment | $84.9M | 70% |
| Investment Management Fees | $30.4M | 25% |
| Real Estate | $5.1M | 4% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
