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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and PUMA BIOTECHNOLOGY, INC. (PBYI). 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 $75.5M, roughly 1.6× PUMA BIOTECHNOLOGY, INC.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs -11.0%). PUMA BIOTECHNOLOGY, INC. produced more free cash flow last quarter ($14.4M vs $-55.2M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs -6.0%).

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

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

KW vs PBYI — Head-to-Head

Bigger by revenue
KW
KW
1.6× larger
KW
$120.6M
$75.5M
PBYI
Growing faster (revenue YoY)
PBYI
PBYI
+38.7% gap
PBYI
27.7%
-11.0%
KW
More free cash flow
PBYI
PBYI
$69.6M more FCF
PBYI
$14.4M
$-55.2M
KW
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
-6.0%
KW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KW
KW
PBYI
PBYI
Revenue
$120.6M
$75.5M
Net Profit
$58.0M
Gross Margin
69.3%
Operating Margin
57.3%
22.7%
Net Margin
48.1%
Revenue YoY
-11.0%
27.7%
Net Profit YoY
32.7%
EPS (diluted)
$0.22
$0.26

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
PBYI
PBYI
Q4 25
$120.6M
$75.5M
Q3 25
$116.4M
$54.5M
Q2 25
$135.7M
$52.4M
Q1 25
$128.3M
$46.0M
Q4 24
$135.5M
$59.1M
Q3 24
$127.5M
$80.5M
Q2 24
$132.0M
$47.1M
Q1 24
$136.4M
$43.8M
Net Profit
KW
KW
PBYI
PBYI
Q4 25
$58.0M
Q3 25
$-10.2M
$8.8M
Q2 25
$5.6M
$5.9M
Q1 25
$-29.6M
$3.0M
Q4 24
$43.7M
Q3 24
$-66.8M
$20.3M
Q2 24
$-48.3M
$-4.5M
Q1 24
$37.7M
$-4.8M
Gross Margin
KW
KW
PBYI
PBYI
Q4 25
69.3%
Q3 25
77.7%
Q2 25
76.5%
Q1 25
77.1%
Q4 24
76.4%
Q3 24
63.9%
Q2 24
77.4%
Q1 24
75.5%
Operating Margin
KW
KW
PBYI
PBYI
Q4 25
57.3%
22.7%
Q3 25
-6.2%
17.6%
Q2 25
7.4%
12.7%
Q1 25
-26.9%
8.7%
Q4 24
36.7%
22.6%
Q3 24
-60.8%
27.4%
Q2 24
-45.5%
-4.6%
Q1 24
47.2%
-5.3%
Net Margin
KW
KW
PBYI
PBYI
Q4 25
48.1%
Q3 25
-8.8%
16.2%
Q2 25
4.1%
11.2%
Q1 25
-23.1%
6.5%
Q4 24
32.3%
Q3 24
-52.4%
25.2%
Q2 24
-36.6%
-9.6%
Q1 24
27.6%
-11.0%
EPS (diluted)
KW
KW
PBYI
PBYI
Q4 25
$0.22
$0.26
Q3 25
$-0.15
$0.17
Q2 25
$-0.05
$0.12
Q1 25
$-0.30
$0.06
Q4 24
$0.24
$0.40
Q3 24
$-0.56
$0.41
Q2 24
$-0.43
$-0.09
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
KW
KW
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$184.5M
$97.5M
Total DebtLower is stronger
$22.7M
Stockholders' EquityBook value
$1.5B
$130.3M
Total Assets
$6.6B
$216.3M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KW
KW
PBYI
PBYI
Q4 25
$184.5M
$97.5M
Q3 25
$382.6M
$94.4M
Q2 25
$309.1M
$96.0M
Q1 25
$356.6M
$93.2M
Q4 24
$217.5M
$101.0M
Q3 24
$367.1M
$96.7M
Q2 24
$366.5M
$96.8M
Q1 24
$541.9M
$107.2M
Total Debt
KW
KW
PBYI
PBYI
Q4 25
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
KW
KW
PBYI
PBYI
Q4 25
$1.5B
$130.3M
Q3 25
$1.5B
$115.3M
Q2 25
$1.6B
$104.7M
Q1 25
$1.6B
$97.1M
Q4 24
$1.6B
$92.1M
Q3 24
$1.6B
$71.1M
Q2 24
$1.7B
$48.5M
Q1 24
$1.7B
$51.0M
Total Assets
KW
KW
PBYI
PBYI
Q4 25
$6.6B
$216.3M
Q3 25
$6.7B
$202.9M
Q2 25
$6.8B
$194.9M
Q1 25
$7.2B
$196.2M
Q4 24
$7.0B
$213.3M
Q3 24
$7.4B
$220.7M
Q2 24
$7.5B
$205.0M
Q1 24
$7.7B
$214.1M
Debt / Equity
KW
KW
PBYI
PBYI
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×
Q1 24
2.00×

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
PBYI
PBYI
Operating Cash FlowLast quarter
$11.4M
$14.4M
Free Cash FlowOCF − Capex
$-55.2M
$14.4M
FCF MarginFCF / Revenue
-45.8%
19.1%
Capex IntensityCapex / Revenue
55.2%
0.0%
Cash ConversionOCF / Net Profit
0.20×
TTM Free Cash FlowTrailing 4 quarters
$-103.5M
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KW
KW
PBYI
PBYI
Q4 25
$11.4M
$14.4M
Q3 25
$-7.6M
$9.7M
Q2 25
$42.0M
$14.1M
Q1 25
$-51.9M
$3.6M
Q4 24
$55.1M
$15.6M
Q3 24
$-5.6M
$11.0M
Q2 24
$36.7M
$1.0M
Q1 24
$-5.6M
$11.2M
Free Cash Flow
KW
KW
PBYI
PBYI
Q4 25
$-55.2M
$14.4M
Q3 25
$-18.0M
$9.7M
Q2 25
$29.4M
$14.1M
Q1 25
$-59.7M
$3.6M
Q4 24
$-76.5M
$15.6M
Q3 24
$-27.7M
$11.0M
Q2 24
$-500.0K
$1.0M
Q1 24
$-57.1M
FCF Margin
KW
KW
PBYI
PBYI
Q4 25
-45.8%
19.1%
Q3 25
-15.5%
17.7%
Q2 25
21.7%
26.8%
Q1 25
-46.5%
7.7%
Q4 24
-56.5%
26.4%
Q3 24
-21.7%
13.7%
Q2 24
-0.4%
2.1%
Q1 24
-41.9%
Capex Intensity
KW
KW
PBYI
PBYI
Q4 25
55.2%
0.0%
Q3 25
8.9%
0.0%
Q2 25
9.3%
0.0%
Q1 25
6.1%
0.1%
Q4 24
97.1%
0.0%
Q3 24
17.3%
0.0%
Q2 24
28.2%
0.0%
Q1 24
37.8%
0.0%
Cash Conversion
KW
KW
PBYI
PBYI
Q4 25
0.20×
Q3 25
1.10×
Q2 25
7.50×
2.41×
Q1 25
1.21×
Q4 24
1.26×
Q3 24
0.54×
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%

PBYI
PBYI

Segment breakdown not available.

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