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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and Ranpak Holdings Corp. (PACK). 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 $93.7M, roughly 1.3× Ranpak Holdings Corp.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -11.0%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% CAGR vs -6.0%).
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...
KW vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.6M | $93.7M |
| Net Profit | $58.0M | — |
| Gross Margin | — | 39.0% |
| Operating Margin | 57.3% | -1.0% |
| Net Margin | 48.1% | — |
| Revenue YoY | -11.0% | 2.3% |
| Net Profit YoY | 32.7% | — |
| EPS (diluted) | $0.22 | $-0.11 |
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 | $93.7M | ||
| Q3 25 | $116.4M | $83.6M | ||
| Q2 25 | $135.7M | $77.8M | ||
| Q1 25 | $128.3M | $77.6M | ||
| Q4 24 | $135.5M | $91.6M | ||
| Q3 24 | $127.5M | $78.6M | ||
| Q2 24 | $132.0M | $72.8M | ||
| Q1 24 | $136.4M | $72.5M |
| Q4 25 | $58.0M | — | ||
| Q3 25 | $-10.2M | $-10.4M | ||
| Q2 25 | $5.6M | $-7.5M | ||
| Q1 25 | $-29.6M | $-10.9M | ||
| Q4 24 | $43.7M | — | ||
| Q3 24 | $-66.8M | $-8.1M | ||
| Q2 24 | $-48.3M | $5.5M | ||
| Q1 24 | $37.7M | $-8.1M |
| Q4 25 | — | 39.0% | ||
| Q3 25 | — | 41.1% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 45.2% | ||
| Q3 24 | — | 43.8% | ||
| Q2 24 | — | 43.5% | ||
| Q1 24 | — | 44.6% |
| Q4 25 | 57.3% | -1.0% | ||
| Q3 25 | -6.2% | -6.8% | ||
| Q2 25 | 7.4% | -12.5% | ||
| Q1 25 | -26.9% | -10.3% | ||
| Q4 24 | 36.7% | 1.5% | ||
| Q3 24 | -60.8% | -5.3% | ||
| Q2 24 | -45.5% | -7.1% | ||
| Q1 24 | 47.2% | -6.6% |
| Q4 25 | 48.1% | — | ||
| Q3 25 | -8.8% | -12.4% | ||
| Q2 25 | 4.1% | -9.6% | ||
| Q1 25 | -23.1% | -14.0% | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | -52.4% | -10.3% | ||
| Q2 24 | -36.6% | 7.6% | ||
| Q1 24 | 27.6% | -11.2% |
| Q4 25 | $0.22 | $-0.11 | ||
| Q3 25 | $-0.15 | $-0.12 | ||
| Q2 25 | $-0.05 | $-0.09 | ||
| Q1 25 | $-0.30 | $-0.13 | ||
| Q4 24 | $0.24 | $-0.13 | ||
| Q3 24 | $-0.56 | $-0.10 | ||
| Q2 24 | $-0.43 | $0.07 | ||
| Q1 24 | $0.19 | $-0.10 |
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 | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $1.5B | $534.9M |
| Total Assets | $6.6B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.5M | $63.0M | ||
| Q3 25 | $382.6M | $49.9M | ||
| Q2 25 | $309.1M | $49.2M | ||
| Q1 25 | $356.6M | $65.5M | ||
| Q4 24 | $217.5M | $76.1M | ||
| Q3 24 | $367.1M | $69.5M | ||
| Q2 24 | $366.5M | $65.1M | ||
| Q1 24 | $541.9M | $55.1M |
| Q4 25 | — | $401.9M | ||
| Q3 25 | — | $403.1M | ||
| Q2 25 | — | $403.1M | ||
| Q1 25 | — | $405.2M | ||
| Q4 24 | — | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M | ||
| Q1 24 | — | $396.7M |
| Q4 25 | $1.5B | $534.9M | ||
| Q3 25 | $1.5B | $537.8M | ||
| Q2 25 | $1.6B | $539.0M | ||
| Q1 25 | $1.6B | $544.1M | ||
| Q4 24 | $1.6B | $548.1M | ||
| Q3 24 | $1.6B | $564.3M | ||
| Q2 24 | $1.7B | $566.2M | ||
| Q1 24 | $1.7B | $560.0M |
| Q4 25 | $6.6B | $1.1B | ||
| Q3 25 | $6.7B | $1.1B | ||
| Q2 25 | $6.8B | $1.1B | ||
| Q1 25 | $7.2B | $1.1B | ||
| Q4 24 | $7.0B | $1.1B | ||
| Q3 24 | $7.4B | $1.1B | ||
| Q2 24 | $7.5B | $1.1B | ||
| Q1 24 | $7.7B | $1.1B |
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.71× |
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 | $19.5M |
| 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.
| Q4 25 | $11.4M | $19.5M | ||
| Q3 25 | $-7.6M | $8.5M | ||
| Q2 25 | $42.0M | $-3.6M | ||
| Q1 25 | $-51.9M | $-1.3M | ||
| Q4 24 | $55.1M | $6.5M | ||
| Q3 24 | $-5.6M | $10.1M | ||
| Q2 24 | $36.7M | $19.6M | ||
| Q1 24 | $-5.6M | $5.2M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 7.50× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.56× | ||
| Q1 24 | -0.15× | — |
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% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
