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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and OneSpan Inc. (OSPN). 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 $65.9M, roughly 1.8× OneSpan Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 17.5%, a 30.6% gap on every dollar of revenue. On growth, OneSpan Inc. posted the faster year-over-year revenue change (4.1% vs -11.0%). Over the past eight quarters, OneSpan Inc.'s revenue compounded faster (4.0% CAGR vs -6.0%).
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
OneSpan Inc. is an information security company based in Boston, Massachusetts. Services include an internet fraud prevention platform, multi-factor authentication tools and electronic signature software.
KW vs OSPN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $120.6M | $65.9M |
| Net Profit | $58.0M | $11.6M |
| Gross Margin | — | 73.6% |
| Operating Margin | 57.3% | 22.5% |
| Net Margin | 48.1% | 17.5% |
| Revenue YoY | -11.0% | 4.1% |
| Net Profit YoY | 32.7% | — |
| EPS (diluted) | $0.22 | $0.39 |
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.
| Q1 26 | — | $65.9M | ||
| Q4 25 | $120.6M | $62.9M | ||
| Q3 25 | $116.4M | $57.1M | ||
| Q2 25 | $135.7M | $59.8M | ||
| Q1 25 | $128.3M | $63.4M | ||
| Q4 24 | $135.5M | $61.2M | ||
| Q3 24 | $127.5M | $56.2M | ||
| Q2 24 | $132.0M | $60.9M |
| Q1 26 | — | $11.6M | ||
| Q4 25 | $58.0M | $43.5M | ||
| Q3 25 | $-10.2M | $6.5M | ||
| Q2 25 | $5.6M | $8.3M | ||
| Q1 25 | $-29.6M | $14.5M | ||
| Q4 24 | $43.7M | $28.8M | ||
| Q3 24 | $-66.8M | $8.3M | ||
| Q2 24 | $-48.3M | $6.6M |
| Q1 26 | — | 73.6% | ||
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 74.3% | ||
| Q4 24 | — | 74.0% | ||
| Q3 24 | — | 73.9% | ||
| Q2 24 | — | 66.2% |
| Q1 26 | — | 22.5% | ||
| Q4 25 | 57.3% | 19.9% | ||
| Q3 25 | -6.2% | 14.4% | ||
| Q2 25 | 7.4% | 17.6% | ||
| Q1 25 | -26.9% | 27.1% | ||
| Q4 24 | 36.7% | 19.3% | ||
| Q3 24 | -60.8% | 20.0% | ||
| Q2 24 | -45.5% | 12.5% |
| Q1 26 | — | 17.5% | ||
| Q4 25 | 48.1% | 69.2% | ||
| Q3 25 | -8.8% | 11.4% | ||
| Q2 25 | 4.1% | 13.9% | ||
| Q1 25 | -23.1% | 22.9% | ||
| Q4 24 | 32.3% | 47.1% | ||
| Q3 24 | -52.4% | 14.7% | ||
| Q2 24 | -36.6% | 10.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $0.22 | $1.13 | ||
| Q3 25 | $-0.15 | $0.17 | ||
| Q2 25 | $-0.05 | $0.21 | ||
| Q1 25 | $-0.30 | $0.37 | ||
| Q4 24 | $0.24 | $0.73 | ||
| Q3 24 | $-0.56 | $0.21 | ||
| Q2 24 | $-0.43 | $0.17 |
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 | $49.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $272.0M |
| Total Assets | $6.6B | $383.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $49.8M | ||
| Q4 25 | $184.5M | $70.5M | ||
| Q3 25 | $382.6M | $85.6M | ||
| Q2 25 | $309.1M | $92.9M | ||
| Q1 25 | $356.6M | $105.2M | ||
| Q4 24 | $217.5M | $83.2M | ||
| Q3 24 | $367.1M | $77.5M | ||
| Q2 24 | $366.5M | $63.8M |
| Q1 26 | — | $272.0M | ||
| Q4 25 | $1.5B | $271.8M | ||
| Q3 25 | $1.5B | $238.3M | ||
| Q2 25 | $1.6B | $242.5M | ||
| Q1 25 | $1.6B | $231.1M | ||
| Q4 24 | $1.6B | $212.5M | ||
| Q3 24 | $1.6B | $194.6M | ||
| Q2 24 | $1.7B | $178.6M |
| Q1 26 | — | $383.1M | ||
| Q4 25 | $6.6B | $397.7M | ||
| Q3 25 | $6.7B | $343.5M | ||
| Q2 25 | $6.8B | $357.1M | ||
| Q1 25 | $7.2B | $333.8M | ||
| Q4 24 | $7.0B | $338.7M | ||
| Q3 24 | $7.4B | $289.3M | ||
| Q2 24 | $7.5B | $286.9M |
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 | $28.2M |
| Free Cash FlowOCF − Capex | $-55.2M | — |
| FCF MarginFCF / Revenue | -45.8% | — |
| Capex IntensityCapex / Revenue | 55.2% | — |
| Cash ConversionOCF / Net Profit | 0.20× | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | $-103.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $28.2M | ||
| Q4 25 | $11.4M | $12.6M | ||
| Q3 25 | $-7.6M | $11.3M | ||
| Q2 25 | $42.0M | $6.2M | ||
| Q1 25 | $-51.9M | $29.4M | ||
| Q4 24 | $55.1M | $12.4M | ||
| Q3 24 | $-5.6M | $14.0M | ||
| Q2 24 | $36.7M | $2.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.2M | $9.6M | ||
| Q3 25 | $-18.0M | $8.8M | ||
| Q2 25 | $29.4M | $4.4M | ||
| Q1 25 | $-59.7M | $27.7M | ||
| Q4 24 | $-76.5M | $10.5M | ||
| Q3 24 | $-27.7M | $12.0M | ||
| Q2 24 | $-500.0K | $26.0K |
| Q1 26 | — | — | ||
| Q4 25 | -45.8% | 15.3% | ||
| Q3 25 | -15.5% | 15.4% | ||
| Q2 25 | 21.7% | 7.3% | ||
| Q1 25 | -46.5% | 43.8% | ||
| Q4 24 | -56.5% | 17.1% | ||
| Q3 24 | -21.7% | 21.4% | ||
| Q2 24 | -0.4% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 55.2% | 4.7% | ||
| Q3 25 | 8.9% | 4.4% | ||
| Q2 25 | 9.3% | 3.1% | ||
| Q1 25 | 6.1% | 2.6% | ||
| Q4 24 | 97.1% | 3.2% | ||
| Q3 24 | 17.3% | 3.5% | ||
| Q2 24 | 28.2% | 3.7% |
| Q1 26 | — | 2.44× | ||
| Q4 25 | 0.20× | 0.29× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | 7.50× | 0.75× | ||
| Q1 25 | — | 2.02× | ||
| Q4 24 | 1.26× | 0.43× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 0.35× |
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% |
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
