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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
Ramaco Resources, Inc. is the larger business by last-quarter revenue ($121.0M vs $120.6M, roughly 1.0× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs -11.0%, a 59.1% gap on every dollar of revenue. On growth, Kennedy-Wilson Holdings, Inc. posted the faster year-over-year revenue change (-11.0% vs -27.7%). Ramaco Resources, Inc. produced more free cash flow last quarter ($-17.5M vs $-55.2M). Over the past eight quarters, Kennedy-Wilson Holdings, Inc.'s revenue compounded faster (-6.0% CAGR vs -22.7%).
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
KW vs METC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.6M | $121.0M |
| Net Profit | $58.0M | $-13.3M |
| Gross Margin | — | 15.8% |
| Operating Margin | 57.3% | -12.0% |
| Net Margin | 48.1% | -11.0% |
| Revenue YoY | -11.0% | -27.7% |
| Net Profit YoY | 32.7% | -5468.2% |
| EPS (diluted) | $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 | — | ||
| Q3 25 | $116.4M | $121.0M | ||
| Q2 25 | $135.7M | $153.0M | ||
| Q1 25 | $128.3M | $134.7M | ||
| Q4 24 | $135.5M | $170.9M | ||
| Q3 24 | $127.5M | $167.4M | ||
| Q2 24 | $132.0M | $155.3M | ||
| Q1 24 | $136.4M | $172.7M |
| Q4 25 | $58.0M | — | ||
| Q3 25 | $-10.2M | $-13.3M | ||
| Q2 25 | $5.6M | $-14.0M | ||
| Q1 25 | $-29.6M | $-9.5M | ||
| Q4 24 | $43.7M | $3.9M | ||
| Q3 24 | $-66.8M | $-239.0K | ||
| Q2 24 | $-48.3M | $5.5M | ||
| Q1 24 | $37.7M | $2.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | 57.3% | — | ||
| Q3 25 | -6.2% | -12.0% | ||
| Q2 25 | 7.4% | -9.1% | ||
| Q1 25 | -26.9% | -8.9% | ||
| Q4 24 | 36.7% | 3.7% | ||
| Q3 24 | -60.8% | 1.0% | ||
| Q2 24 | -45.5% | 3.5% | ||
| Q1 24 | 47.2% | 1.9% |
| Q4 25 | 48.1% | — | ||
| Q3 25 | -8.8% | -11.0% | ||
| Q2 25 | 4.1% | -9.1% | ||
| Q1 25 | -23.1% | -7.0% | ||
| Q4 24 | 32.3% | 2.3% | ||
| Q3 24 | -52.4% | -0.1% | ||
| Q2 24 | -36.6% | 3.6% | ||
| Q1 24 | 27.6% | 1.2% |
| Q4 25 | $0.22 | — | ||
| Q3 25 | $-0.15 | — | ||
| Q2 25 | $-0.05 | — | ||
| Q1 25 | $-0.30 | — | ||
| Q4 24 | $0.24 | $0.06 | ||
| Q3 24 | $-0.56 | $-0.03 | ||
| Q2 24 | $-0.43 | $0.08 | ||
| Q1 24 | $0.19 | $0.00 |
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 | $193.8M |
| Total DebtLower is stronger | — | $116.3M |
| Stockholders' EquityBook value | $1.5B | $526.9M |
| Total Assets | $6.6B | $849.7M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.5M | — | ||
| Q3 25 | $382.6M | $193.8M | ||
| Q2 25 | $309.1M | $28.1M | ||
| Q1 25 | $356.6M | $43.5M | ||
| Q4 24 | $217.5M | $33.0M | ||
| Q3 24 | $367.1M | $22.9M | ||
| Q2 24 | $366.5M | $27.6M | ||
| Q1 24 | $541.9M | $30.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $116.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $88.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $526.9M | ||
| Q2 25 | $1.6B | $347.4M | ||
| Q1 25 | $1.6B | $355.2M | ||
| Q4 24 | $1.6B | $362.8M | ||
| Q3 24 | $1.6B | $361.8M | ||
| Q2 24 | $1.7B | $366.1M | ||
| Q1 24 | $1.7B | $372.3M |
| Q4 25 | $6.6B | — | ||
| Q3 25 | $6.7B | $849.7M | ||
| Q2 25 | $6.8B | $674.6M | ||
| Q1 25 | $7.2B | $685.7M | ||
| Q4 24 | $7.0B | $674.7M | ||
| Q3 24 | $7.4B | $645.4M | ||
| Q2 24 | $7.5B | $659.2M | ||
| Q1 24 | $7.7B | $674.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $11.4M | $-1.4M |
| Free Cash FlowOCF − Capex | $-55.2M | $-17.5M |
| FCF MarginFCF / Revenue | -45.8% | -14.5% |
| Capex IntensityCapex / Revenue | 55.2% | 13.3% |
| Cash ConversionOCF / Net Profit | 0.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-103.5M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | — | ||
| Q3 25 | $-7.6M | $-1.4M | ||
| Q2 25 | $42.0M | $-4.3M | ||
| Q1 25 | $-51.9M | $26.0M | ||
| Q4 24 | $55.1M | $15.7M | ||
| Q3 24 | $-5.6M | $37.4M | ||
| Q2 24 | $36.7M | $34.4M | ||
| Q1 24 | $-5.6M | $25.2M |
| Q4 25 | $-55.2M | — | ||
| Q3 25 | $-18.0M | $-17.5M | ||
| Q2 25 | $29.4M | $-19.8M | ||
| Q1 25 | $-59.7M | $7.6M | ||
| Q4 24 | $-76.5M | $5.1M | ||
| Q3 24 | $-27.7M | $25.6M | ||
| Q2 24 | $-500.0K | $20.3M | ||
| Q1 24 | $-57.1M | $6.5M |
| Q4 25 | -45.8% | — | ||
| Q3 25 | -15.5% | -14.5% | ||
| Q2 25 | 21.7% | -13.0% | ||
| Q1 25 | -46.5% | 5.6% | ||
| Q4 24 | -56.5% | 3.0% | ||
| Q3 24 | -21.7% | 15.3% | ||
| Q2 24 | -0.4% | 13.1% | ||
| Q1 24 | -41.9% | 3.7% |
| Q4 25 | 55.2% | — | ||
| Q3 25 | 8.9% | 13.3% | ||
| Q2 25 | 9.3% | 10.2% | ||
| Q1 25 | 6.1% | 13.7% | ||
| Q4 24 | 97.1% | 6.2% | ||
| Q3 24 | 17.3% | 7.0% | ||
| Q2 24 | 28.2% | 9.1% | ||
| Q1 24 | 37.8% | 10.8% |
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 7.50× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | 4.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.21× | ||
| Q1 24 | -0.15× | 12.40× |
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% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
