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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and Prairie Operating Co. (PROP). 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 $77.7M, roughly 1.6× Prairie Operating Co.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 1.7%, a 46.4% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs -6.0%).

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

Prairie Farms Dairy is a dairy cooperative founded in Carlinville, Illinois, and now headquartered in Edwardsville, Illinois. As a dairy cooperative, Prairie Farms receives milk from producers and converts it into many different products, including cheese, butter, ice cream, sour cream, cottage cheese, various dips, yogurt, and fluid milk. Prairie Farms also produces and sells juices, flavored drinks, and pre-made iced tea.

KW vs PROP — Head-to-Head

Bigger by revenue
KW
KW
1.6× larger
KW
$120.6M
$77.7M
PROP
Higher net margin
KW
KW
46.4% more per $
KW
48.1%
1.7%
PROP
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
-6.0%
KW

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
KW
KW
PROP
PROP
Revenue
$120.6M
$77.7M
Net Profit
$58.0M
$1.3M
Gross Margin
Operating Margin
57.3%
34.8%
Net Margin
48.1%
1.7%
Revenue YoY
-11.0%
Net Profit YoY
32.7%
111.3%
EPS (diluted)
$0.22
$-0.44

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
PROP
PROP
Q4 25
$120.6M
Q3 25
$116.4M
$77.7M
Q2 25
$135.7M
$68.1M
Q1 25
$128.3M
$13.6M
Q4 24
$135.5M
Q3 24
$127.5M
$0
Q2 24
$132.0M
Q1 24
$136.4M
Net Profit
KW
KW
PROP
PROP
Q4 25
$58.0M
Q3 25
$-10.2M
$1.3M
Q2 25
$5.6M
$35.7M
Q1 25
$-29.6M
$-2.6M
Q4 24
$43.7M
Q3 24
$-66.8M
$-11.4M
Q2 24
$-48.3M
Q1 24
$37.7M
Operating Margin
KW
KW
PROP
PROP
Q4 25
57.3%
Q3 25
-6.2%
34.8%
Q2 25
7.4%
27.8%
Q1 25
-26.9%
12.9%
Q4 24
36.7%
Q3 24
-60.8%
Q2 24
-45.5%
Q1 24
47.2%
Net Margin
KW
KW
PROP
PROP
Q4 25
48.1%
Q3 25
-8.8%
1.7%
Q2 25
4.1%
52.4%
Q1 25
-23.1%
-19.3%
Q4 24
32.3%
Q3 24
-52.4%
Q2 24
-36.6%
Q1 24
27.6%
EPS (diluted)
KW
KW
PROP
PROP
Q4 25
$0.22
Q3 25
$-0.15
$-0.44
Q2 25
$-0.05
$0.18
Q1 25
$-0.30
$-3.49
Q4 24
$0.24
Q3 24
$-0.56
$-0.68
Q2 24
$-0.43
Q1 24
$0.19

Balance Sheet & Financial Strength

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

Metric
KW
KW
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$184.5M
$10.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$101.8M
Total Assets
$6.6B
$939.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KW
KW
PROP
PROP
Q4 25
$184.5M
Q3 25
$382.6M
$10.6M
Q2 25
$309.1M
$10.7M
Q1 25
$356.6M
$15.0M
Q4 24
$217.5M
Q3 24
$367.1M
$40.1M
Q2 24
$366.5M
Q1 24
$541.9M
Total Debt
KW
KW
PROP
PROP
Q4 25
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
KW
KW
PROP
PROP
Q4 25
$1.5B
Q3 25
$1.5B
$101.8M
Q2 25
$1.6B
$94.2M
Q1 25
$1.6B
$34.0M
Q4 24
$1.6B
Q3 24
$1.6B
$61.3M
Q2 24
$1.7B
Q1 24
$1.7B
Total Assets
KW
KW
PROP
PROP
Q4 25
$6.6B
Q3 25
$6.7B
$939.8M
Q2 25
$6.8B
$858.5M
Q1 25
$7.2B
$775.4M
Q4 24
$7.0B
Q3 24
$7.4B
$107.2M
Q2 24
$7.5B
Q1 24
$7.7B
Debt / Equity
KW
KW
PROP
PROP
Q4 25
Q3 25
Q2 25
4.11×
Q1 25
11.07×
Q4 24
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
KW
KW
PROP
PROP
Operating Cash FlowLast quarter
$11.4M
$57.7M
Free Cash FlowOCF − Capex
$-55.2M
FCF MarginFCF / Revenue
-45.8%
Capex IntensityCapex / Revenue
55.2%
Cash ConversionOCF / Net Profit
0.20×
44.80×
TTM Free Cash FlowTrailing 4 quarters
$-103.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KW
KW
PROP
PROP
Q4 25
$11.4M
Q3 25
$-7.6M
$57.7M
Q2 25
$42.0M
$-7.2M
Q1 25
$-51.9M
$16.9M
Q4 24
$55.1M
Q3 24
$-5.6M
$2.8M
Q2 24
$36.7M
Q1 24
$-5.6M
Free Cash Flow
KW
KW
PROP
PROP
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
FCF Margin
KW
KW
PROP
PROP
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%
Capex Intensity
KW
KW
PROP
PROP
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%
Cash Conversion
KW
KW
PROP
PROP
Q4 25
0.20×
Q3 25
44.80×
Q2 25
7.50×
-0.20×
Q1 25
Q4 24
1.26×
Q3 24
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%

PROP
PROP

Crude Oil Sales$64.9M84%
Natural Gas Sales$7.6M10%
Natural Gas Liquids Reserves$5.2M7%

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