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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and PARK NATIONAL CORP (PRK). Click either name above to swap in a different company.

PARK NATIONAL CORP is the larger business by last-quarter revenue ($168.3M vs $120.6M, roughly 1.4× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 25.3%, a 22.8% gap on every dollar of revenue. On growth, PARK NATIONAL CORP posted the faster year-over-year revenue change (2.2% vs -11.0%). PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $-55.2M). Over the past eight quarters, PARK NATIONAL CORP's revenue compounded faster (4.9% CAGR vs -6.0%).

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

National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.

KW vs PRK — Head-to-Head

Bigger by revenue
PRK
PRK
1.4× larger
PRK
$168.3M
$120.6M
KW
Growing faster (revenue YoY)
PRK
PRK
+13.2% gap
PRK
2.2%
-11.0%
KW
Higher net margin
KW
KW
22.8% more per $
KW
48.1%
25.3%
PRK
More free cash flow
PRK
PRK
$247.1M more FCF
PRK
$191.9M
$-55.2M
KW
Faster 2-yr revenue CAGR
PRK
PRK
Annualised
PRK
4.9%
-6.0%
KW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KW
KW
PRK
PRK
Revenue
$120.6M
$168.3M
Net Profit
$58.0M
$42.6M
Gross Margin
Operating Margin
57.3%
Net Margin
48.1%
25.3%
Revenue YoY
-11.0%
2.2%
Net Profit YoY
32.7%
10.4%
EPS (diluted)
$0.22
$2.62

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
PRK
PRK
Q4 25
$120.6M
$168.3M
Q3 25
$116.4M
$169.5M
Q2 25
$135.7M
$168.7M
Q1 25
$128.3M
$157.9M
Q4 24
$135.5M
$164.7M
Q3 24
$127.5M
$170.3M
Q2 24
$132.0M
$157.7M
Q1 24
$136.4M
$152.8M
Net Profit
KW
KW
PRK
PRK
Q4 25
$58.0M
$42.6M
Q3 25
$-10.2M
$47.2M
Q2 25
$5.6M
$48.1M
Q1 25
$-29.6M
$42.2M
Q4 24
$43.7M
$38.6M
Q3 24
$-66.8M
$38.2M
Q2 24
$-48.3M
$39.4M
Q1 24
$37.7M
$35.2M
Operating Margin
KW
KW
PRK
PRK
Q4 25
57.3%
Q3 25
-6.2%
34.3%
Q2 25
7.4%
35.2%
Q1 25
-26.9%
32.4%
Q4 24
36.7%
Q3 24
-60.8%
27.4%
Q2 24
-45.5%
30.6%
Q1 24
47.2%
27.8%
Net Margin
KW
KW
PRK
PRK
Q4 25
48.1%
25.3%
Q3 25
-8.8%
27.8%
Q2 25
4.1%
28.5%
Q1 25
-23.1%
26.7%
Q4 24
32.3%
23.5%
Q3 24
-52.4%
22.4%
Q2 24
-36.6%
25.0%
Q1 24
27.6%
23.0%
EPS (diluted)
KW
KW
PRK
PRK
Q4 25
$0.22
$2.62
Q3 25
$-0.15
$2.92
Q2 25
$-0.05
$2.97
Q1 25
$-0.30
$2.60
Q4 24
$0.24
$2.38
Q3 24
$-0.56
$2.35
Q2 24
$-0.43
$2.42
Q1 24
$0.19
$2.17

Balance Sheet & Financial Strength

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

Metric
KW
KW
PRK
PRK
Cash + ST InvestmentsLiquidity on hand
$184.5M
$233.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$1.4B
Total Assets
$6.6B
$9.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KW
KW
PRK
PRK
Q4 25
$184.5M
$233.5M
Q3 25
$382.6M
$218.9M
Q2 25
$309.1M
$193.1M
Q1 25
$356.6M
$237.6M
Q4 24
$217.5M
$160.6M
Q3 24
$367.1M
$201.7M
Q2 24
$366.5M
$261.5M
Q1 24
$541.9M
$306.1M
Stockholders' Equity
KW
KW
PRK
PRK
Q4 25
$1.5B
$1.4B
Q3 25
$1.5B
$1.3B
Q2 25
$1.6B
$1.3B
Q1 25
$1.6B
$1.3B
Q4 24
$1.6B
$1.2B
Q3 24
$1.6B
$1.2B
Q2 24
$1.7B
$1.2B
Q1 24
$1.7B
$1.2B
Total Assets
KW
KW
PRK
PRK
Q4 25
$6.6B
$9.8B
Q3 25
$6.7B
$9.9B
Q2 25
$6.8B
$9.9B
Q1 25
$7.2B
$9.9B
Q4 24
$7.0B
$9.8B
Q3 24
$7.4B
$9.9B
Q2 24
$7.5B
$9.9B
Q1 24
$7.7B
$9.9B

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
PRK
PRK
Operating Cash FlowLast quarter
$11.4M
$198.3M
Free Cash FlowOCF − Capex
$-55.2M
$191.9M
FCF MarginFCF / Revenue
-45.8%
114.1%
Capex IntensityCapex / Revenue
55.2%
3.8%
Cash ConversionOCF / Net Profit
0.20×
4.65×
TTM Free Cash FlowTrailing 4 quarters
$-103.5M
$328.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KW
KW
PRK
PRK
Q4 25
$11.4M
$198.3M
Q3 25
$-7.6M
$52.6M
Q2 25
$42.0M
$49.7M
Q1 25
$-51.9M
$37.9M
Q4 24
$55.1M
$178.8M
Q3 24
$-5.6M
$43.8M
Q2 24
$36.7M
$50.9M
Q1 24
$-5.6M
$35.0M
Free Cash Flow
KW
KW
PRK
PRK
Q4 25
$-55.2M
$191.9M
Q3 25
$-18.0M
$51.1M
Q2 25
$29.4M
$48.4M
Q1 25
$-59.7M
$36.8M
Q4 24
$-76.5M
$169.7M
Q3 24
$-27.7M
$41.7M
Q2 24
$-500.0K
$49.0M
Q1 24
$-57.1M
$31.9M
FCF Margin
KW
KW
PRK
PRK
Q4 25
-45.8%
114.1%
Q3 25
-15.5%
30.1%
Q2 25
21.7%
28.7%
Q1 25
-46.5%
23.3%
Q4 24
-56.5%
103.0%
Q3 24
-21.7%
24.5%
Q2 24
-0.4%
31.1%
Q1 24
-41.9%
20.8%
Capex Intensity
KW
KW
PRK
PRK
Q4 25
55.2%
3.8%
Q3 25
8.9%
0.9%
Q2 25
9.3%
0.8%
Q1 25
6.1%
0.7%
Q4 24
97.1%
5.6%
Q3 24
17.3%
1.2%
Q2 24
28.2%
1.2%
Q1 24
37.8%
2.1%
Cash Conversion
KW
KW
PRK
PRK
Q4 25
0.20×
4.65×
Q3 25
1.11×
Q2 25
7.50×
1.03×
Q1 25
0.90×
Q4 24
1.26×
4.63×
Q3 24
1.14×
Q2 24
1.29×
Q1 24
-0.15×
0.99×

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%

PRK
PRK

Segment breakdown not available.

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