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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.
DOUGLAS DYNAMICS, INC is the larger business by last-quarter revenue ($184.5M vs $120.6M, roughly 1.5× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 7.0%, a 41.1% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs -11.0%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $-55.2M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs -6.0%).
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...
KW vs PLOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.6M | $184.5M |
| Net Profit | $58.0M | $12.8M |
| Gross Margin | — | 26.1% |
| Operating Margin | 57.3% | 10.5% |
| Net Margin | 48.1% | 7.0% |
| Revenue YoY | -11.0% | 28.6% |
| Net Profit YoY | 32.7% | 62.3% |
| EPS (diluted) | $0.22 | $0.54 |
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 | $184.5M | ||
| Q3 25 | $116.4M | $162.1M | ||
| Q2 25 | $135.7M | $194.3M | ||
| Q1 25 | $128.3M | $115.1M | ||
| Q4 24 | $135.5M | $143.5M | ||
| Q3 24 | $127.5M | $129.4M | ||
| Q2 24 | $132.0M | $199.9M | ||
| Q1 24 | $136.4M | $95.7M |
| Q4 25 | $58.0M | $12.8M | ||
| Q3 25 | $-10.2M | $8.0M | ||
| Q2 25 | $5.6M | $26.0M | ||
| Q1 25 | $-29.6M | $148.0K | ||
| Q4 24 | $43.7M | $7.9M | ||
| Q3 24 | $-66.8M | $32.3M | ||
| Q2 24 | $-48.3M | $24.3M | ||
| Q1 24 | $37.7M | $-8.4M |
| Q4 25 | — | 26.1% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | — | 31.0% | ||
| Q1 25 | — | 24.5% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 30.7% | ||
| Q1 24 | — | 19.8% |
| Q4 25 | 57.3% | 10.5% | ||
| Q3 25 | -6.2% | 8.7% | ||
| Q2 25 | 7.4% | 19.0% | ||
| Q1 25 | -26.9% | 2.8% | ||
| Q4 24 | 36.7% | 9.0% | ||
| Q3 24 | -60.8% | 35.4% | ||
| Q2 24 | -45.5% | 18.2% | ||
| Q1 24 | 47.2% | -6.7% |
| Q4 25 | 48.1% | 7.0% | ||
| Q3 25 | -8.8% | 4.9% | ||
| Q2 25 | 4.1% | 13.4% | ||
| Q1 25 | -23.1% | 0.1% | ||
| Q4 24 | 32.3% | 5.5% | ||
| Q3 24 | -52.4% | 24.9% | ||
| Q2 24 | -36.6% | 12.2% | ||
| Q1 24 | 27.6% | -8.7% |
| Q4 25 | $0.22 | $0.54 | ||
| Q3 25 | $-0.15 | $0.33 | ||
| Q2 25 | $-0.05 | $1.09 | ||
| Q1 25 | $-0.30 | $0.00 | ||
| Q4 24 | $0.24 | $0.35 | ||
| Q3 24 | $-0.56 | $1.36 | ||
| Q2 24 | $-0.43 | $1.02 | ||
| Q1 24 | $0.19 | $-0.37 |
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 | — |
| Total DebtLower is stronger | — | $144.0M |
| Stockholders' EquityBook value | $1.5B | $281.4M |
| Total Assets | $6.6B | $626.7M |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.5M | — | ||
| Q3 25 | $382.6M | — | ||
| Q2 25 | $309.1M | — | ||
| Q1 25 | $356.6M | — | ||
| Q4 24 | $217.5M | — | ||
| Q3 24 | $367.1M | — | ||
| Q2 24 | $366.5M | — | ||
| Q1 24 | $541.9M | — |
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $281.4M | ||
| Q3 25 | $1.5B | $275.3M | ||
| Q2 25 | $1.6B | $273.3M | ||
| Q1 25 | $1.6B | $258.9M | ||
| Q4 24 | $1.6B | $264.2M | ||
| Q3 24 | $1.6B | $260.8M | ||
| Q2 24 | $1.7B | $236.7M | ||
| Q1 24 | $1.7B | $217.2M |
| Q4 25 | $6.6B | $626.7M | ||
| Q3 25 | $6.7B | $694.9M | ||
| Q2 25 | $6.8B | $671.5M | ||
| Q1 25 | $7.2B | $621.0M | ||
| Q4 24 | $7.0B | $590.0M | ||
| Q3 24 | $7.4B | $665.6M | ||
| Q2 24 | $7.5B | $617.0M | ||
| Q1 24 | $7.7B | $577.1M |
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.56× | ||
| 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 | $95.9M |
| Free Cash FlowOCF − Capex | $-55.2M | $92.8M |
| FCF MarginFCF / Revenue | -45.8% | 50.3% |
| Capex IntensityCapex / Revenue | 55.2% | 1.7% |
| Cash ConversionOCF / Net Profit | 0.20× | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | $-103.5M | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $95.9M | ||
| Q3 25 | $-7.6M | $-8.5M | ||
| Q2 25 | $42.0M | $-11.4M | ||
| Q1 25 | $-51.9M | $-1.3M | ||
| Q4 24 | $55.1M | $74.4M | ||
| Q3 24 | $-5.6M | $-14.2M | ||
| Q2 24 | $36.7M | $2.5M | ||
| Q1 24 | $-5.6M | $-21.6M |
| Q4 25 | $-55.2M | $92.8M | ||
| Q3 25 | $-18.0M | $-11.4M | ||
| Q2 25 | $29.4M | $-14.3M | ||
| Q1 25 | $-59.7M | $-3.5M | ||
| Q4 24 | $-76.5M | $70.2M | ||
| Q3 24 | $-27.7M | $-15.2M | ||
| Q2 24 | $-500.0K | $836.0K | ||
| Q1 24 | $-57.1M | $-22.4M |
| Q4 25 | -45.8% | 50.3% | ||
| Q3 25 | -15.5% | -7.1% | ||
| Q2 25 | 21.7% | -7.4% | ||
| Q1 25 | -46.5% | -3.0% | ||
| Q4 24 | -56.5% | 48.9% | ||
| Q3 24 | -21.7% | -11.8% | ||
| Q2 24 | -0.4% | 0.4% | ||
| Q1 24 | -41.9% | -23.4% |
| Q4 25 | 55.2% | 1.7% | ||
| Q3 25 | 8.9% | 1.8% | ||
| Q2 25 | 9.3% | 1.5% | ||
| Q1 25 | 6.1% | 1.9% | ||
| Q4 24 | 97.1% | 2.9% | ||
| Q3 24 | 17.3% | 0.8% | ||
| Q2 24 | 28.2% | 0.8% | ||
| Q1 24 | 37.8% | 0.8% |
| Q4 25 | 0.20× | 7.47× | ||
| Q3 25 | — | -1.07× | ||
| Q2 25 | 7.50× | -0.44× | ||
| Q1 25 | — | -9.03× | ||
| Q4 24 | 1.26× | 9.41× | ||
| Q3 24 | — | -0.44× | ||
| Q2 24 | — | 0.10× | ||
| 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% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
