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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.

Kennedy-Wilson Holdings, Inc. is the larger business by last-quarter revenue ($120.6M vs $64.6M, roughly 1.9× MARINE PRODUCTS CORP). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 3.7%, a 44.4% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs -11.0%). MARINE PRODUCTS CORP produced more free cash flow last quarter ($4.1M vs $-55.2M). Over the past eight quarters, MARINE PRODUCTS CORP's revenue compounded faster (-3.5% CAGR vs -6.0%).

Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.

West Marine is an American company based in Fort Lauderdale, Florida, which operates a chain of boating supply and fishing retail stores. The company has 247 retail stores in North America. West Marine also runs Blue Future a non profit organization. West Marine's flagship store is in Fort Lauderdale. Opened on November 11, 2011, the store is the company's largest at over 50,000 square feet.

KW vs MPX — Head-to-Head

Bigger by revenue
KW
KW
1.9× larger
KW
$120.6M
$64.6M
MPX
Growing faster (revenue YoY)
MPX
MPX
+46.0% gap
MPX
35.0%
-11.0%
KW
Higher net margin
KW
KW
44.4% more per $
KW
48.1%
3.7%
MPX
More free cash flow
MPX
MPX
$59.3M more FCF
MPX
$4.1M
$-55.2M
KW
Faster 2-yr revenue CAGR
MPX
MPX
Annualised
MPX
-3.5%
-6.0%
KW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KW
KW
MPX
MPX
Revenue
$120.6M
$64.6M
Net Profit
$58.0M
$2.4M
Gross Margin
19.6%
Operating Margin
57.3%
5.8%
Net Margin
48.1%
3.7%
Revenue YoY
-11.0%
35.0%
Net Profit YoY
32.7%
-44.6%
EPS (diluted)
$0.22
$0.07

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
KW
KW
MPX
MPX
Q4 25
$120.6M
$64.6M
Q3 25
$116.4M
$53.1M
Q2 25
$135.7M
$67.7M
Q1 25
$128.3M
$59.0M
Q4 24
$135.5M
$47.8M
Q3 24
$127.5M
$49.9M
Q2 24
$132.0M
$69.5M
Q1 24
$136.4M
$69.3M
Net Profit
KW
KW
MPX
MPX
Q4 25
$58.0M
$2.4M
Q3 25
$-10.2M
$2.6M
Q2 25
$5.6M
$4.2M
Q1 25
$-29.6M
$2.2M
Q4 24
$43.7M
$4.3M
Q3 24
$-66.8M
$3.4M
Q2 24
$-48.3M
$5.6M
Q1 24
$37.7M
$4.6M
Gross Margin
KW
KW
MPX
MPX
Q4 25
19.6%
Q3 25
19.2%
Q2 25
19.1%
Q1 25
18.6%
Q4 24
19.2%
Q3 24
18.4%
Q2 24
18.9%
Q1 24
20.2%
Operating Margin
KW
KW
MPX
MPX
Q4 25
57.3%
5.8%
Q3 25
-6.2%
5.4%
Q2 25
7.4%
7.1%
Q1 25
-26.9%
4.4%
Q4 24
36.7%
7.7%
Q3 24
-60.8%
7.2%
Q2 24
-45.5%
8.3%
Q1 24
47.2%
7.6%
Net Margin
KW
KW
MPX
MPX
Q4 25
48.1%
3.7%
Q3 25
-8.8%
5.0%
Q2 25
4.1%
6.1%
Q1 25
-23.1%
3.7%
Q4 24
32.3%
8.9%
Q3 24
-52.4%
6.8%
Q2 24
-36.6%
8.0%
Q1 24
27.6%
6.6%
EPS (diluted)
KW
KW
MPX
MPX
Q4 25
$0.22
$0.07
Q3 25
$-0.15
$0.07
Q2 25
$-0.05
$0.12
Q1 25
$-0.30
$0.06
Q4 24
$0.24
$0.13
Q3 24
$-0.56
$0.10
Q2 24
$-0.43
$0.14
Q1 24
$0.19
$0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KW
KW
MPX
MPX
Cash + ST InvestmentsLiquidity on hand
$184.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$125.0M
Total Assets
$6.6B
$147.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KW
KW
MPX
MPX
Q4 25
$184.5M
Q3 25
$382.6M
Q2 25
$309.1M
Q1 25
$356.6M
Q4 24
$217.5M
Q3 24
$367.1M
Q2 24
$366.5M
Q1 24
$541.9M
Stockholders' Equity
KW
KW
MPX
MPX
Q4 25
$1.5B
$125.0M
Q3 25
$1.5B
$126.3M
Q2 25
$1.6B
$127.2M
Q1 25
$1.6B
$126.4M
Q4 24
$1.6B
$129.0M
Q3 24
$1.6B
$128.8M
Q2 24
$1.7B
$129.3M
Q1 24
$1.7B
$151.4M
Total Assets
KW
KW
MPX
MPX
Q4 25
$6.6B
$147.2M
Q3 25
$6.7B
$179.5M
Q2 25
$6.8B
$173.2M
Q1 25
$7.2B
$182.9M
Q4 24
$7.0B
$171.2M
Q3 24
$7.4B
$176.3M
Q2 24
$7.5B
$175.7M
Q1 24
$7.7B
$204.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KW
KW
MPX
MPX
Operating Cash FlowLast quarter
$11.4M
$4.7M
Free Cash FlowOCF − Capex
$-55.2M
$4.1M
FCF MarginFCF / Revenue
-45.8%
6.4%
Capex IntensityCapex / Revenue
55.2%
0.9%
Cash ConversionOCF / Net Profit
0.20×
2.00×
TTM Free Cash FlowTrailing 4 quarters
$-103.5M
$14.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KW
KW
MPX
MPX
Q4 25
$11.4M
$4.7M
Q3 25
$-7.6M
$2.6M
Q2 25
$42.0M
$-1.6M
Q1 25
$-51.9M
$10.8M
Q4 24
$55.1M
$4.6M
Q3 24
$-5.6M
$5.1M
Q2 24
$36.7M
$3.8M
Q1 24
$-5.6M
$15.9M
Free Cash Flow
KW
KW
MPX
MPX
Q4 25
$-55.2M
$4.1M
Q3 25
$-18.0M
$2.1M
Q2 25
$29.4M
$-2.0M
Q1 25
$-59.7M
$10.7M
Q4 24
$-76.5M
$3.6M
Q3 24
$-27.7M
$3.2M
Q2 24
$-500.0K
$3.0M
Q1 24
$-57.1M
$15.0M
FCF Margin
KW
KW
MPX
MPX
Q4 25
-45.8%
6.4%
Q3 25
-15.5%
4.0%
Q2 25
21.7%
-3.0%
Q1 25
-46.5%
18.1%
Q4 24
-56.5%
7.6%
Q3 24
-21.7%
6.5%
Q2 24
-0.4%
4.4%
Q1 24
-41.9%
21.7%
Capex Intensity
KW
KW
MPX
MPX
Q4 25
55.2%
0.9%
Q3 25
8.9%
0.8%
Q2 25
9.3%
0.6%
Q1 25
6.1%
0.2%
Q4 24
97.1%
2.1%
Q3 24
17.3%
3.8%
Q2 24
28.2%
1.1%
Q1 24
37.8%
1.3%
Cash Conversion
KW
KW
MPX
MPX
Q4 25
0.20×
2.00×
Q3 25
0.97×
Q2 25
7.50×
-0.39×
Q1 25
4.88×
Q4 24
1.26×
1.09×
Q3 24
1.51×
Q2 24
0.68×
Q1 24
-0.15×
3.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KW
KW

Consolidated Portfolio Segment$84.9M70%
Investment Management Fees$30.4M25%
Real Estate$5.1M4%

MPX
MPX

Boats And Accessories$63.4M98%
Parts$1.1M2%

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