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

Navigator Holdings Ltd. is the larger business by last-quarter revenue ($129.6M vs $120.6M, roughly 1.1× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 16.5%, a 31.5% gap on every dollar of revenue. On growth, Kennedy-Wilson Holdings, Inc. posted the faster year-over-year revenue change (-11.0% vs -11.6%).

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

Navigator Holdings Ltd. is a global maritime transport firm specializing in liquefied gas carrier operations. It offers seaborne transport for liquefied petroleum gas, ammonia, ethylene and other specialty liquefied gases, serving clients across the global energy, petrochemical and industrial manufacturing sectors.

KW vs NVGS — Head-to-Head

Bigger by revenue
NVGS
NVGS
1.1× larger
NVGS
$129.6M
$120.6M
KW
Growing faster (revenue YoY)
KW
KW
+0.6% gap
KW
-11.0%
-11.6%
NVGS
Higher net margin
KW
KW
31.5% more per $
KW
48.1%
16.5%
NVGS

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
KW
KW
NVGS
NVGS
Revenue
$120.6M
$129.6M
Net Profit
$58.0M
$21.5M
Gross Margin
Operating Margin
57.3%
15.8%
Net Margin
48.1%
16.5%
Revenue YoY
-11.0%
-11.6%
Net Profit YoY
32.7%
-7.7%
EPS (diluted)
$0.22
$0.31

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
NVGS
NVGS
Q4 25
$120.6M
Q3 25
$116.4M
Q2 25
$135.7M
$129.6M
Q1 25
$128.3M
Q4 24
$135.5M
Q3 24
$127.5M
Q2 24
$132.0M
$146.7M
Q1 24
$136.4M
Net Profit
KW
KW
NVGS
NVGS
Q4 25
$58.0M
Q3 25
$-10.2M
Q2 25
$5.6M
$21.5M
Q1 25
$-29.6M
Q4 24
$43.7M
Q3 24
$-66.8M
Q2 24
$-48.3M
$23.2M
Q1 24
$37.7M
Operating Margin
KW
KW
NVGS
NVGS
Q4 25
57.3%
Q3 25
-6.2%
Q2 25
7.4%
15.8%
Q1 25
-26.9%
Q4 24
36.7%
Q3 24
-60.8%
Q2 24
-45.5%
26.9%
Q1 24
47.2%
Net Margin
KW
KW
NVGS
NVGS
Q4 25
48.1%
Q3 25
-8.8%
Q2 25
4.1%
16.5%
Q1 25
-23.1%
Q4 24
32.3%
Q3 24
-52.4%
Q2 24
-36.6%
15.8%
Q1 24
27.6%
EPS (diluted)
KW
KW
NVGS
NVGS
Q4 25
$0.22
Q3 25
$-0.15
Q2 25
$-0.05
$0.31
Q1 25
$-0.30
Q4 24
$0.24
Q3 24
$-0.56
Q2 24
$-0.43
$0.32
Q1 24
$0.19

Balance Sheet & Financial Strength

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

Metric
KW
KW
NVGS
NVGS
Cash + ST InvestmentsLiquidity on hand
$184.5M
$238.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$1.2B
Total Assets
$6.6B
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KW
KW
NVGS
NVGS
Q4 25
$184.5M
Q3 25
$382.6M
Q2 25
$309.1M
$238.1M
Q1 25
$356.6M
Q4 24
$217.5M
Q3 24
$367.1M
Q2 24
$366.5M
Q1 24
$541.9M
Stockholders' Equity
KW
KW
NVGS
NVGS
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.6B
$1.2B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.7B
$1.2B
Q1 24
$1.7B
Total Assets
KW
KW
NVGS
NVGS
Q4 25
$6.6B
Q3 25
$6.7B
Q2 25
$6.8B
$2.4B
Q1 25
$7.2B
Q4 24
$7.0B
Q3 24
$7.4B
Q2 24
$7.5B
$2.1B
Q1 24
$7.7B

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KW
KW
NVGS
NVGS
Q4 25
$11.4M
Q3 25
$-7.6M
Q2 25
$42.0M
Q1 25
$-51.9M
Q4 24
$55.1M
Q3 24
$-5.6M
Q2 24
$36.7M
Q1 24
$-5.6M
Free Cash Flow
KW
KW
NVGS
NVGS
Q4 25
$-55.2M
Q3 25
$-18.0M
Q2 25
$29.4M
Q1 25
$-59.7M
Q4 24
$-76.5M
Q3 24
$-27.7M
Q2 24
$-500.0K
Q1 24
$-57.1M
FCF Margin
KW
KW
NVGS
NVGS
Q4 25
-45.8%
Q3 25
-15.5%
Q2 25
21.7%
Q1 25
-46.5%
Q4 24
-56.5%
Q3 24
-21.7%
Q2 24
-0.4%
Q1 24
-41.9%
Capex Intensity
KW
KW
NVGS
NVGS
Q4 25
55.2%
Q3 25
8.9%
Q2 25
9.3%
Q1 25
6.1%
Q4 24
97.1%
Q3 24
17.3%
Q2 24
28.2%
Q1 24
37.8%
Cash Conversion
KW
KW
NVGS
NVGS
Q4 25
0.20×
Q3 25
Q2 25
7.50×
Q1 25
Q4 24
1.26×
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%

NVGS
NVGS

Time Charters$91.5M71%
Voyage Charters$25.7M20%
Other$12.4M10%

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