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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and PAR TECHNOLOGY CORP (PAR). 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 $120.1M, roughly 1.0× PAR TECHNOLOGY CORP). On growth, PAR TECHNOLOGY CORP posted the faster year-over-year revenue change (14.4% vs -11.0%). PAR TECHNOLOGY CORP produced more free cash flow last quarter ($-12.5M vs $-55.2M). Over the past eight quarters, PAR TECHNOLOGY CORP's revenue compounded faster (30.9% CAGR vs -6.0%).

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

PAR Technology Corp is a global provider of point-of-sale systems, restaurant management software, and integrated tech solutions. Its core segments serve food service, hospitality, and government security markets, offering cloud tools to streamline operations, enhance customer experiences, and boost efficiency for enterprise and small-to-medium clients.

KW vs PAR — Head-to-Head

Bigger by revenue
KW
KW
1.0× larger
KW
$120.6M
$120.1M
PAR
Growing faster (revenue YoY)
PAR
PAR
+25.4% gap
PAR
14.4%
-11.0%
KW
More free cash flow
PAR
PAR
$42.7M more FCF
PAR
$-12.5M
$-55.2M
KW
Faster 2-yr revenue CAGR
PAR
PAR
Annualised
PAR
30.9%
-6.0%
KW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KW
KW
PAR
PAR
Revenue
$120.6M
$120.1M
Net Profit
$58.0M
Gross Margin
41.2%
Operating Margin
57.3%
-15.0%
Net Margin
48.1%
Revenue YoY
-11.0%
14.4%
Net Profit YoY
32.7%
EPS (diluted)
$0.22
$-0.52

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
PAR
PAR
Q4 25
$120.6M
$120.1M
Q3 25
$116.4M
$119.2M
Q2 25
$135.7M
$112.4M
Q1 25
$128.3M
$103.9M
Q4 24
$135.5M
$105.0M
Q3 24
$127.5M
$96.8M
Q2 24
$132.0M
$78.2M
Q1 24
$136.4M
$70.1M
Net Profit
KW
KW
PAR
PAR
Q4 25
$58.0M
Q3 25
$-10.2M
$-18.2M
Q2 25
$5.6M
$-21.0M
Q1 25
$-29.6M
$-24.4M
Q4 24
$43.7M
Q3 24
$-66.8M
$-19.8M
Q2 24
$-48.3M
$54.2M
Q1 24
$37.7M
$-18.3M
Gross Margin
KW
KW
PAR
PAR
Q4 25
41.2%
Q3 25
41.3%
Q2 25
45.4%
Q1 25
46.5%
Q4 24
42.9%
Q3 24
44.5%
Q2 24
41.0%
Q1 24
37.2%
Operating Margin
KW
KW
PAR
PAR
Q4 25
57.3%
-15.0%
Q3 25
-6.2%
-14.8%
Q2 25
7.4%
-15.4%
Q1 25
-26.9%
-15.2%
Q4 24
36.7%
-15.6%
Q3 24
-60.8%
-15.7%
Q2 24
-45.5%
-26.5%
Q1 24
47.2%
-38.2%
Net Margin
KW
KW
PAR
PAR
Q4 25
48.1%
Q3 25
-8.8%
-15.3%
Q2 25
4.1%
-18.7%
Q1 25
-23.1%
-23.4%
Q4 24
32.3%
Q3 24
-52.4%
-20.5%
Q2 24
-36.6%
69.3%
Q1 24
27.6%
-26.1%
EPS (diluted)
KW
KW
PAR
PAR
Q4 25
$0.22
$-0.52
Q3 25
$-0.15
$-0.45
Q2 25
$-0.05
$-0.52
Q1 25
$-0.30
$-0.60
Q4 24
$0.24
$-0.56
Q3 24
$-0.56
$-0.56
Q2 24
$-0.43
$1.60
Q1 24
$0.19
$-0.62

Balance Sheet & Financial Strength

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

Metric
KW
KW
PAR
PAR
Cash + ST InvestmentsLiquidity on hand
$184.5M
$80.1M
Total DebtLower is stronger
$394.0M
Stockholders' EquityBook value
$1.5B
$825.1M
Total Assets
$6.6B
$1.4B
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KW
KW
PAR
PAR
Q4 25
$184.5M
$80.1M
Q3 25
$382.6M
$93.0M
Q2 25
$309.1M
$85.7M
Q1 25
$356.6M
$92.2M
Q4 24
$217.5M
$108.6M
Q3 24
$367.1M
$118.4M
Q2 24
$366.5M
$142.5M
Q1 24
$541.9M
$72.5M
Total Debt
KW
KW
PAR
PAR
Q4 25
$394.0M
Q3 25
$393.4M
Q2 25
$392.8M
Q1 25
$392.3M
Q4 24
$368.4M
Q3 24
$466.7M
Q2 24
$378.7M
Q1 24
$378.2M
Stockholders' Equity
KW
KW
PAR
PAR
Q4 25
$1.5B
$825.1M
Q3 25
$1.5B
$838.0M
Q2 25
$1.6B
$859.1M
Q1 25
$1.6B
$852.0M
Q4 24
$1.6B
$871.7M
Q3 24
$1.6B
$692.7M
Q2 24
$1.7B
$588.3M
Q1 24
$1.7B
$526.4M
Total Assets
KW
KW
PAR
PAR
Q4 25
$6.6B
$1.4B
Q3 25
$6.7B
$1.4B
Q2 25
$6.8B
$1.4B
Q1 25
$7.2B
$1.4B
Q4 24
$7.0B
$1.4B
Q3 24
$7.4B
$1.3B
Q2 24
$7.5B
$1.1B
Q1 24
$7.7B
$1.0B
Debt / Equity
KW
KW
PAR
PAR
Q4 25
0.48×
Q3 25
0.47×
Q2 25
0.46×
Q1 25
0.46×
Q4 24
0.42×
Q3 24
0.67×
Q2 24
0.64×
Q1 24
0.72×

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
PAR
PAR
Operating Cash FlowLast quarter
$11.4M
$-11.8M
Free Cash FlowOCF − Capex
$-55.2M
$-12.5M
FCF MarginFCF / Revenue
-45.8%
-10.4%
Capex IntensityCapex / Revenue
55.2%
0.7%
Cash ConversionOCF / Net Profit
0.20×
TTM Free Cash FlowTrailing 4 quarters
$-103.5M
$-30.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KW
KW
PAR
PAR
Q4 25
$11.4M
$-11.8M
Q3 25
$-7.6M
$8.4M
Q2 25
$42.0M
$-6.6M
Q1 25
$-51.9M
$-17.2M
Q4 24
$55.1M
$3.4M
Q3 24
$-5.6M
$8.8M
Q2 24
$36.7M
$-13.8M
Q1 24
$-5.6M
$-23.6M
Free Cash Flow
KW
KW
PAR
PAR
Q4 25
$-55.2M
$-12.5M
Q3 25
$-18.0M
$7.0M
Q2 25
$29.4M
$-7.4M
Q1 25
$-59.7M
$-17.6M
Q4 24
$-76.5M
$3.2M
Q3 24
$-27.7M
$8.4M
Q2 24
$-500.0K
$-14.2M
Q1 24
$-57.1M
$-23.6M
FCF Margin
KW
KW
PAR
PAR
Q4 25
-45.8%
-10.4%
Q3 25
-15.5%
5.9%
Q2 25
21.7%
-6.6%
Q1 25
-46.5%
-16.9%
Q4 24
-56.5%
3.0%
Q3 24
-21.7%
8.7%
Q2 24
-0.4%
-18.2%
Q1 24
-41.9%
-33.7%
Capex Intensity
KW
KW
PAR
PAR
Q4 25
55.2%
0.7%
Q3 25
8.9%
1.1%
Q2 25
9.3%
0.7%
Q1 25
6.1%
0.4%
Q4 24
97.1%
0.2%
Q3 24
17.3%
0.4%
Q2 24
28.2%
0.5%
Q1 24
37.8%
0.1%
Cash Conversion
KW
KW
PAR
PAR
Q4 25
0.20×
Q3 25
Q2 25
7.50×
Q1 25
Q4 24
1.26×
Q3 24
Q2 24
-0.26×
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%

PAR
PAR

Subscription Service$76.1M63%
Hardware$27.8M23%
Professional Service$16.2M13%

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