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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and NewtekOne, Inc. (NEWT). 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 $73.3M, roughly 1.6× NewtekOne, Inc.). NewtekOne, Inc. runs the higher net margin — 111.8% vs 48.1%, a 63.7% gap on every dollar of revenue. On growth, NewtekOne, Inc. posted the faster year-over-year revenue change (-2.7% vs -11.0%). Kennedy-Wilson Holdings, Inc. produced more free cash flow last quarter ($-55.2M vs $-579.3M). Over the past eight quarters, NewtekOne, Inc.'s revenue compounded faster (12.2% CAGR vs -6.0%).

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

NewTek, Inc., is a hardware and software company, based in San Antonio, Texas, that produced live and post-production video tools and visual imaging software for personal computers. The company was founded in 1985 in Topeka, Kansas, United States, by Tim Jenison and Paul Montgomery. On April 1, 2019, it was announced that NewTek would be acquired by Vizrt.

KW vs NEWT — Head-to-Head

Bigger by revenue
KW
KW
1.6× larger
KW
$120.6M
$73.3M
NEWT
Growing faster (revenue YoY)
NEWT
NEWT
+8.3% gap
NEWT
-2.7%
-11.0%
KW
Higher net margin
NEWT
NEWT
63.7% more per $
NEWT
111.8%
48.1%
KW
More free cash flow
KW
KW
$524.1M more FCF
KW
$-55.2M
$-579.3M
NEWT
Faster 2-yr revenue CAGR
NEWT
NEWT
Annualised
NEWT
12.2%
-6.0%
KW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KW
KW
NEWT
NEWT
Revenue
$120.6M
$73.3M
Net Profit
$58.0M
$19.5M
Gross Margin
Operating Margin
57.3%
Net Margin
48.1%
111.8%
Revenue YoY
-11.0%
-2.7%
Net Profit YoY
32.7%
6.6%
EPS (diluted)
$0.22
$0.64

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
NEWT
NEWT
Q4 25
$120.6M
$73.3M
Q3 25
$116.4M
$74.9M
Q2 25
$135.7M
$70.2M
Q1 25
$128.3M
$66.3M
Q4 24
$135.5M
$75.4M
Q3 24
$127.5M
$62.8M
Q2 24
$132.0M
$61.1M
Q1 24
$136.4M
$58.3M
Net Profit
KW
KW
NEWT
NEWT
Q4 25
$58.0M
$19.5M
Q3 25
$-10.2M
$17.9M
Q2 25
$5.6M
$13.7M
Q1 25
$-29.6M
$9.4M
Q4 24
$43.7M
$18.3M
Q3 24
$-66.8M
$11.9M
Q2 24
$-48.3M
$10.9M
Q1 24
$37.7M
$9.7M
Operating Margin
KW
KW
NEWT
NEWT
Q4 25
57.3%
Q3 25
-6.2%
Q2 25
7.4%
Q1 25
-26.9%
Q4 24
36.7%
Q3 24
-60.8%
Q2 24
-45.5%
Q1 24
47.2%
Net Margin
KW
KW
NEWT
NEWT
Q4 25
48.1%
111.8%
Q3 25
-8.8%
23.9%
Q2 25
4.1%
19.5%
Q1 25
-23.1%
14.1%
Q4 24
32.3%
24.3%
Q3 24
-52.4%
19.0%
Q2 24
-36.6%
17.9%
Q1 24
27.6%
16.6%
EPS (diluted)
KW
KW
NEWT
NEWT
Q4 25
$0.22
$0.64
Q3 25
$-0.15
$0.67
Q2 25
$-0.05
$0.52
Q1 25
$-0.30
$0.35
Q4 24
$0.24
$0.70
Q3 24
$-0.56
$0.45
Q2 24
$-0.43
$0.43
Q1 24
$0.19
$0.38

Balance Sheet & Financial Strength

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

Metric
KW
KW
NEWT
NEWT
Cash + ST InvestmentsLiquidity on hand
$184.5M
Total DebtLower is stronger
$819.9M
Stockholders' EquityBook value
$1.5B
$397.6M
Total Assets
$6.6B
$2.7B
Debt / EquityLower = less leverage
2.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KW
KW
NEWT
NEWT
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
Total Debt
KW
KW
NEWT
NEWT
Q4 25
$819.9M
Q3 25
$748.5M
Q2 25
$657.3M
Q1 25
$774.0M
Q4 24
$708.0M
Q3 24
$655.8M
Q2 24
$652.0M
Q1 24
$662.5M
Stockholders' Equity
KW
KW
NEWT
NEWT
Q4 25
$1.5B
$397.6M
Q3 25
$1.5B
$386.7M
Q2 25
$1.6B
$312.2M
Q1 25
$1.6B
$302.3M
Q4 24
$1.6B
$296.3M
Q3 24
$1.6B
$281.8M
Q2 24
$1.7B
$274.0M
Q1 24
$1.7B
$254.1M
Total Assets
KW
KW
NEWT
NEWT
Q4 25
$6.6B
$2.7B
Q3 25
$6.7B
$2.4B
Q2 25
$6.8B
$2.1B
Q1 25
$7.2B
$2.1B
Q4 24
$7.0B
$2.1B
Q3 24
$7.4B
$1.7B
Q2 24
$7.5B
$1.6B
Q1 24
$7.7B
$1.5B
Debt / Equity
KW
KW
NEWT
NEWT
Q4 25
2.06×
Q3 25
1.94×
Q2 25
2.11×
Q1 25
2.56×
Q4 24
2.39×
Q3 24
2.33×
Q2 24
2.38×
Q1 24
2.61×

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
NEWT
NEWT
Operating Cash FlowLast quarter
$11.4M
$-579.2M
Free Cash FlowOCF − Capex
$-55.2M
$-579.3M
FCF MarginFCF / Revenue
-45.8%
-790.0%
Capex IntensityCapex / Revenue
55.2%
0.1%
Cash ConversionOCF / Net Profit
0.20×
-29.64×
TTM Free Cash FlowTrailing 4 quarters
$-103.5M
$-1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KW
KW
NEWT
NEWT
Q4 25
$11.4M
$-579.2M
Q3 25
$-7.6M
$-167.3M
Q2 25
$42.0M
$-199.8M
Q1 25
$-51.9M
$-60.7M
Q4 24
$55.1M
$-153.0M
Q3 24
$-5.6M
$-25.7M
Q2 24
$36.7M
$2.9M
Q1 24
$-5.6M
$-38.7M
Free Cash Flow
KW
KW
NEWT
NEWT
Q4 25
$-55.2M
$-579.3M
Q3 25
$-18.0M
$-167.3M
Q2 25
$29.4M
$-199.9M
Q1 25
$-59.7M
$-60.7M
Q4 24
$-76.5M
$-153.5M
Q3 24
$-27.7M
$-25.9M
Q2 24
$-500.0K
$2.9M
Q1 24
$-57.1M
$-38.7M
FCF Margin
KW
KW
NEWT
NEWT
Q4 25
-45.8%
-790.0%
Q3 25
-15.5%
-223.3%
Q2 25
21.7%
-284.7%
Q1 25
-46.5%
-91.6%
Q4 24
-56.5%
-203.6%
Q3 24
-21.7%
-41.2%
Q2 24
-0.4%
4.7%
Q1 24
-41.9%
-66.5%
Capex Intensity
KW
KW
NEWT
NEWT
Q4 25
55.2%
0.1%
Q3 25
8.9%
0.0%
Q2 25
9.3%
0.1%
Q1 25
6.1%
0.1%
Q4 24
97.1%
0.6%
Q3 24
17.3%
0.4%
Q2 24
28.2%
0.1%
Q1 24
37.8%
0.1%
Cash Conversion
KW
KW
NEWT
NEWT
Q4 25
0.20×
-29.64×
Q3 25
-9.35×
Q2 25
7.50×
-14.58×
Q1 25
-6.48×
Q4 24
1.26×
-8.35×
Q3 24
-2.15×
Q2 24
0.27×
Q1 24
-0.15×
-4.01×

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%

NEWT
NEWT

Segment breakdown not available.

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