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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and Ingevity Corp (NGVT). Click either name above to swap in a different company.

Ingevity Corp is the larger business by last-quarter revenue ($185.4M vs $120.6M, roughly 1.5× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs -45.6%, a 93.7% gap on every dollar of revenue. On growth, Ingevity Corp posted the faster year-over-year revenue change (36.7% vs -11.0%). Ingevity Corp produced more free cash flow last quarter ($73.5M vs $-55.2M). Over the past eight quarters, Kennedy-Wilson Holdings, Inc.'s revenue compounded faster (-6.0% CAGR vs -26.2%).

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

Ingevity Corp is a global specialty chemicals and advanced materials manufacturer. It produces high-performance carbon materials, pavement preservation solutions, and specialty chemicals, serving automotive emissions control, industrial purification, road infrastructure, and agricultural input markets across North America, Europe, and Asia Pacific.

KW vs NGVT — Head-to-Head

Bigger by revenue
NGVT
NGVT
1.5× larger
NGVT
$185.4M
$120.6M
KW
Growing faster (revenue YoY)
NGVT
NGVT
+47.7% gap
NGVT
36.7%
-11.0%
KW
Higher net margin
KW
KW
93.7% more per $
KW
48.1%
-45.6%
NGVT
More free cash flow
NGVT
NGVT
$128.7M more FCF
NGVT
$73.5M
$-55.2M
KW
Faster 2-yr revenue CAGR
KW
KW
Annualised
KW
-6.0%
-26.2%
NGVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KW
KW
NGVT
NGVT
Revenue
$120.6M
$185.4M
Net Profit
$58.0M
$-84.6M
Gross Margin
41.2%
Operating Margin
57.3%
-47.7%
Net Margin
48.1%
-45.6%
Revenue YoY
-11.0%
36.7%
Net Profit YoY
32.7%
-609.6%
EPS (diluted)
$0.22
$-2.33

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
NGVT
NGVT
Q4 25
$120.6M
$185.4M
Q3 25
$116.4M
$333.1M
Q2 25
$135.7M
$365.1M
Q1 25
$128.3M
$284.0M
Q4 24
$135.5M
$135.6M
Q3 24
$127.5M
$333.8M
Q2 24
$132.0M
$390.6M
Q1 24
$136.4M
$340.1M
Net Profit
KW
KW
NGVT
NGVT
Q4 25
$58.0M
$-84.6M
Q3 25
$-10.2M
$43.5M
Q2 25
$5.6M
$-146.5M
Q1 25
$-29.6M
$20.5M
Q4 24
$43.7M
$16.6M
Q3 24
$-66.8M
$-107.2M
Q2 24
$-48.3M
$-283.7M
Q1 24
$37.7M
$-56.0M
Gross Margin
KW
KW
NGVT
NGVT
Q4 25
41.2%
Q3 25
40.2%
Q2 25
37.8%
Q1 25
39.9%
Q4 24
81.3%
Q3 24
39.4%
Q2 24
31.5%
Q1 24
29.3%
Operating Margin
KW
KW
NGVT
NGVT
Q4 25
57.3%
-47.7%
Q3 25
-6.2%
18.7%
Q2 25
7.4%
-39.1%
Q1 25
-26.9%
9.4%
Q4 24
36.7%
Q3 24
-60.8%
33.0%
Q2 24
-45.5%
25.9%
Q1 24
47.2%
22.6%
Net Margin
KW
KW
NGVT
NGVT
Q4 25
48.1%
-45.6%
Q3 25
-8.8%
13.1%
Q2 25
4.1%
-40.1%
Q1 25
-23.1%
7.2%
Q4 24
32.3%
12.2%
Q3 24
-52.4%
-32.1%
Q2 24
-36.6%
-72.6%
Q1 24
27.6%
-16.5%
EPS (diluted)
KW
KW
NGVT
NGVT
Q4 25
$0.22
$-2.33
Q3 25
$-0.15
$1.18
Q2 25
$-0.05
$-4.02
Q1 25
$-0.30
$0.56
Q4 24
$0.24
$0.44
Q3 24
$-0.56
$-2.94
Q2 24
$-0.43
$-7.81
Q1 24
$0.19
$-1.54

Balance Sheet & Financial Strength

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

Metric
KW
KW
NGVT
NGVT
Cash + ST InvestmentsLiquidity on hand
$184.5M
$78.1M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$1.5B
$29.7M
Total Assets
$6.6B
$1.7B
Debt / EquityLower = less leverage
39.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KW
KW
NGVT
NGVT
Q4 25
$184.5M
$78.1M
Q3 25
$382.6M
$83.4M
Q2 25
$309.1M
$76.9M
Q1 25
$356.6M
$71.5M
Q4 24
$217.5M
$68.0M
Q3 24
$367.1M
$135.5M
Q2 24
$366.5M
$107.4M
Q1 24
$541.9M
$88.5M
Total Debt
KW
KW
NGVT
NGVT
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
KW
KW
NGVT
NGVT
Q4 25
$1.5B
$29.7M
Q3 25
$1.5B
$138.1M
Q2 25
$1.6B
$120.7M
Q1 25
$1.6B
$234.6M
Q4 24
$1.6B
$195.2M
Q3 24
$1.6B
$214.5M
Q2 24
$1.7B
$284.8M
Q1 24
$1.7B
$568.2M
Total Assets
KW
KW
NGVT
NGVT
Q4 25
$6.6B
$1.7B
Q3 25
$6.7B
$1.8B
Q2 25
$6.8B
$1.9B
Q1 25
$7.2B
$2.1B
Q4 24
$7.0B
$2.0B
Q3 24
$7.4B
$2.2B
Q2 24
$7.5B
$2.3B
Q1 24
$7.7B
$2.6B
Debt / Equity
KW
KW
NGVT
NGVT
Q4 25
39.10×
Q3 25
8.39×
Q2 25
10.24×
Q1 25
5.68×
Q4 24
6.86×
Q3 24
6.52×
Q2 24
4.92×
Q1 24
2.48×

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
NGVT
NGVT
Operating Cash FlowLast quarter
$11.4M
$97.1M
Free Cash FlowOCF − Capex
$-55.2M
$73.5M
FCF MarginFCF / Revenue
-45.8%
39.6%
Capex IntensityCapex / Revenue
55.2%
12.7%
Cash ConversionOCF / Net Profit
0.20×
TTM Free Cash FlowTrailing 4 quarters
$-103.5M
$273.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KW
KW
NGVT
NGVT
Q4 25
$11.4M
$97.1M
Q3 25
$-7.6M
$129.7M
Q2 25
$42.0M
$79.0M
Q1 25
$-51.9M
$25.4M
Q4 24
$55.1M
$64.5M
Q3 24
$-5.6M
$46.5M
Q2 24
$36.7M
$29.7M
Q1 24
$-5.6M
$-12.1M
Free Cash Flow
KW
KW
NGVT
NGVT
Q4 25
$-55.2M
$73.5M
Q3 25
$-18.0M
$117.8M
Q2 25
$29.4M
$66.8M
Q1 25
$-59.7M
$15.4M
Q4 24
$-76.5M
$39.6M
Q3 24
$-27.7M
$28.5M
Q2 24
$-500.0K
$11.6M
Q1 24
$-57.1M
$-28.7M
FCF Margin
KW
KW
NGVT
NGVT
Q4 25
-45.8%
39.6%
Q3 25
-15.5%
35.4%
Q2 25
21.7%
18.3%
Q1 25
-46.5%
5.4%
Q4 24
-56.5%
29.2%
Q3 24
-21.7%
8.5%
Q2 24
-0.4%
3.0%
Q1 24
-41.9%
-8.4%
Capex Intensity
KW
KW
NGVT
NGVT
Q4 25
55.2%
12.7%
Q3 25
8.9%
3.6%
Q2 25
9.3%
3.3%
Q1 25
6.1%
3.5%
Q4 24
97.1%
18.4%
Q3 24
17.3%
5.4%
Q2 24
28.2%
4.6%
Q1 24
37.8%
4.9%
Cash Conversion
KW
KW
NGVT
NGVT
Q4 25
0.20×
Q3 25
2.98×
Q2 25
7.50×
Q1 25
1.24×
Q4 24
1.26×
3.89×
Q3 24
Q2 24
Q1 24
-0.15×

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%

NGVT
NGVT

Performance Materials$151.2M82%
Advanced Polymer Technologies Segment$36.5M20%

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