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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and OPAL Fuels Inc. (OPAL). 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 $88.4M, roughly 1.4× OPAL Fuels Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 18.3%, a 29.8% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs -11.0%). OPAL Fuels Inc. produced more free cash flow last quarter ($-13.4M vs $-55.2M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs -6.0%).
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
OPAL Fuels Inc. is a North American energy company focused on producing and distributing low-carbon renewable natural gas (RNG). It captures methane from landfills, dairy operations and other organic waste streams to produce RNG, which is mainly supplied to heavy-duty transportation fleets, commercial logistics operators and public transport entities to help reduce their greenhouse gas emissions.
KW vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.6M | $88.4M |
| Net Profit | $58.0M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 57.3% | 7.5% |
| Net Margin | 48.1% | 18.3% |
| Revenue YoY | -11.0% | 18.7% |
| Net Profit YoY | 32.7% | 401.5% |
| EPS (diluted) | $0.22 | $0.08 |
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 | $88.4M | ||
| Q3 25 | $116.4M | $77.9M | ||
| Q2 25 | $135.7M | $77.4M | ||
| Q1 25 | $128.3M | $83.0M | ||
| Q4 24 | $135.5M | $74.5M | ||
| Q3 24 | $127.5M | $82.6M | ||
| Q2 24 | $132.0M | $69.8M | ||
| Q1 24 | $136.4M | $64.0M |
| Q4 25 | $58.0M | $16.2M | ||
| Q3 25 | $-10.2M | $11.4M | ||
| Q2 25 | $5.6M | $7.6M | ||
| Q1 25 | $-29.6M | $1.3M | ||
| Q4 24 | $43.7M | $-5.4M | ||
| Q3 24 | $-66.8M | $17.1M | ||
| Q2 24 | $-48.3M | $1.9M | ||
| Q1 24 | $37.7M | $677.0K |
| Q4 25 | 57.3% | 7.5% | ||
| Q3 25 | -6.2% | 4.6% | ||
| Q2 25 | 7.4% | -1.1% | ||
| Q1 25 | -26.9% | -2.3% | ||
| Q4 24 | 36.7% | -0.5% | ||
| Q3 24 | -60.8% | 14.9% | ||
| Q2 24 | -45.5% | 8.1% | ||
| Q1 24 | 47.2% | 5.6% |
| Q4 25 | 48.1% | 18.3% | ||
| Q3 25 | -8.8% | 14.6% | ||
| Q2 25 | 4.1% | 9.8% | ||
| Q1 25 | -23.1% | 1.5% | ||
| Q4 24 | 32.3% | -7.2% | ||
| Q3 24 | -52.4% | 20.7% | ||
| Q2 24 | -36.6% | 2.7% | ||
| Q1 24 | 27.6% | 1.1% |
| Q4 25 | $0.22 | $0.08 | ||
| Q3 25 | $-0.15 | $0.05 | ||
| Q2 25 | $-0.05 | $0.03 | ||
| Q1 25 | $-0.30 | $-0.01 | ||
| Q4 24 | $0.24 | $-0.05 | ||
| Q3 24 | $-0.56 | $0.09 | ||
| Q2 24 | $-0.43 | $-0.01 | ||
| Q1 24 | $0.19 | $-0.01 |
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 | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $1.5B | $-12.9M |
| Total Assets | $6.6B | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.5M | $24.4M | ||
| Q3 25 | $382.6M | $29.9M | ||
| Q2 25 | $309.1M | $29.3M | ||
| Q1 25 | $356.6M | $40.1M | ||
| Q4 24 | $217.5M | $24.3M | ||
| Q3 24 | $367.1M | $31.0M | ||
| Q2 24 | $366.5M | $27.6M | ||
| Q1 24 | $541.9M | $34.2M |
| Q4 25 | — | $361.3M | ||
| Q3 25 | — | $351.2M | ||
| Q2 25 | — | $331.6M | ||
| Q1 25 | — | $307.0M | ||
| Q4 24 | — | $307.5M | ||
| Q3 24 | — | $252.9M | ||
| Q2 24 | — | $233.3M | ||
| Q1 24 | — | $208.7M |
| Q4 25 | $1.5B | $-12.9M | ||
| Q3 25 | $1.5B | $7.5M | ||
| Q2 25 | $1.6B | $-25.0M | ||
| Q1 25 | $1.6B | $57.1M | ||
| Q4 24 | $1.6B | $-148.4M | ||
| Q3 24 | $1.6B | $-180.1M | ||
| Q2 24 | $1.7B | $-273.0M | ||
| Q1 24 | $1.7B | $-382.4M |
| Q4 25 | $6.6B | $959.5M | ||
| Q3 25 | $6.7B | $916.7M | ||
| Q2 25 | $6.8B | $905.5M | ||
| Q1 25 | $7.2B | $884.9M | ||
| Q4 24 | $7.0B | $881.1M | ||
| Q3 24 | $7.4B | $831.1M | ||
| Q2 24 | $7.5B | $782.3M | ||
| Q1 24 | $7.7B | $750.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 46.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.38× | ||
| Q4 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 | $-3.5M |
| Free Cash FlowOCF − Capex | $-55.2M | $-13.4M |
| FCF MarginFCF / Revenue | -45.8% | -15.1% |
| Capex IntensityCapex / Revenue | 55.2% | 11.1% |
| Cash ConversionOCF / Net Profit | 0.20× | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-103.5M | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $-3.5M | ||
| Q3 25 | $-7.6M | $18.2M | ||
| Q2 25 | $42.0M | $-7.9M | ||
| Q1 25 | $-51.9M | $29.7M | ||
| Q4 24 | $55.1M | $-532.0K | ||
| Q3 24 | $-5.6M | $17.7M | ||
| Q2 24 | $36.7M | $533.0K | ||
| Q1 24 | $-5.6M | $13.7M |
| Q4 25 | $-55.2M | $-13.4M | ||
| Q3 25 | $-18.0M | $-9.3M | ||
| Q2 25 | $29.4M | $-29.7M | ||
| Q1 25 | $-59.7M | $18.1M | ||
| Q4 24 | $-76.5M | $-55.0M | ||
| Q3 24 | $-27.7M | $-5.4M | ||
| Q2 24 | $-500.0K | $-22.5M | ||
| Q1 24 | $-57.1M | $-13.0M |
| Q4 25 | -45.8% | -15.1% | ||
| Q3 25 | -15.5% | -11.9% | ||
| Q2 25 | 21.7% | -38.4% | ||
| Q1 25 | -46.5% | 21.8% | ||
| Q4 24 | -56.5% | -73.8% | ||
| Q3 24 | -21.7% | -6.5% | ||
| Q2 24 | -0.4% | -32.2% | ||
| Q1 24 | -41.9% | -20.4% |
| Q4 25 | 55.2% | 11.1% | ||
| Q3 25 | 8.9% | 35.3% | ||
| Q2 25 | 9.3% | 28.2% | ||
| Q1 25 | 6.1% | 13.9% | ||
| Q4 24 | 97.1% | 73.1% | ||
| Q3 24 | 17.3% | 27.9% | ||
| Q2 24 | 28.2% | 32.9% | ||
| Q1 24 | 37.8% | 41.8% |
| Q4 25 | 0.20× | -0.22× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | 7.50× | -1.04× | ||
| Q1 25 | — | 23.11× | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | -0.15× | 20.26× |
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% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
