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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and QUALYS, INC. (QLYS). Click either name above to swap in a different company.

QUALYS, INC. is the larger business by last-quarter revenue ($175.3M vs $120.6M, roughly 1.5× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 30.3%, a 17.8% gap on every dollar of revenue. On growth, QUALYS, INC. posted the faster year-over-year revenue change (10.1% vs -11.0%). QUALYS, INC. produced more free cash flow last quarter ($74.9M vs $-55.2M). Over the past eight quarters, QUALYS, INC.'s revenue compounded faster (9.6% CAGR vs -6.0%).

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

Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.

KW vs QLYS — Head-to-Head

Bigger by revenue
QLYS
QLYS
1.5× larger
QLYS
$175.3M
$120.6M
KW
Growing faster (revenue YoY)
QLYS
QLYS
+21.1% gap
QLYS
10.1%
-11.0%
KW
Higher net margin
KW
KW
17.8% more per $
KW
48.1%
30.3%
QLYS
More free cash flow
QLYS
QLYS
$130.1M more FCF
QLYS
$74.9M
$-55.2M
KW
Faster 2-yr revenue CAGR
QLYS
QLYS
Annualised
QLYS
9.6%
-6.0%
KW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KW
KW
QLYS
QLYS
Revenue
$120.6M
$175.3M
Net Profit
$58.0M
$53.1M
Gross Margin
83.4%
Operating Margin
57.3%
33.6%
Net Margin
48.1%
30.3%
Revenue YoY
-11.0%
10.1%
Net Profit YoY
32.7%
20.9%
EPS (diluted)
$0.22
$1.47

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
QLYS
QLYS
Q4 25
$120.6M
$175.3M
Q3 25
$116.4M
$169.9M
Q2 25
$135.7M
$164.1M
Q1 25
$128.3M
$159.9M
Q4 24
$135.5M
$159.2M
Q3 24
$127.5M
$153.9M
Q2 24
$132.0M
$148.7M
Q1 24
$136.4M
$145.8M
Net Profit
KW
KW
QLYS
QLYS
Q4 25
$58.0M
$53.1M
Q3 25
$-10.2M
$50.3M
Q2 25
$5.6M
$47.3M
Q1 25
$-29.6M
$47.5M
Q4 24
$43.7M
$44.0M
Q3 24
$-66.8M
$46.2M
Q2 24
$-48.3M
$43.8M
Q1 24
$37.7M
$39.7M
Gross Margin
KW
KW
QLYS
QLYS
Q4 25
83.4%
Q3 25
83.6%
Q2 25
82.4%
Q1 25
81.9%
Q4 24
81.8%
Q3 24
81.3%
Q2 24
82.2%
Q1 24
81.3%
Operating Margin
KW
KW
QLYS
QLYS
Q4 25
57.3%
33.6%
Q3 25
-6.2%
35.3%
Q2 25
7.4%
31.3%
Q1 25
-26.9%
32.4%
Q4 24
36.7%
31.0%
Q3 24
-60.8%
29.2%
Q2 24
-45.5%
32.3%
Q1 24
47.2%
30.7%
Net Margin
KW
KW
QLYS
QLYS
Q4 25
48.1%
30.3%
Q3 25
-8.8%
29.6%
Q2 25
4.1%
28.8%
Q1 25
-23.1%
29.7%
Q4 24
32.3%
27.6%
Q3 24
-52.4%
30.0%
Q2 24
-36.6%
29.4%
Q1 24
27.6%
27.2%
EPS (diluted)
KW
KW
QLYS
QLYS
Q4 25
$0.22
$1.47
Q3 25
$-0.15
$1.39
Q2 25
$-0.05
$1.29
Q1 25
$-0.30
$1.29
Q4 24
$0.24
$1.19
Q3 24
$-0.56
$1.24
Q2 24
$-0.43
$1.17
Q1 24
$0.19
$1.05

Balance Sheet & Financial Strength

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

Metric
KW
KW
QLYS
QLYS
Cash + ST InvestmentsLiquidity on hand
$184.5M
$250.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$561.2M
Total Assets
$6.6B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KW
KW
QLYS
QLYS
Q4 25
$184.5M
$250.3M
Q3 25
$382.6M
$225.3M
Q2 25
$309.1M
$194.0M
Q1 25
$356.6M
$290.7M
Q4 24
$217.5M
$232.2M
Q3 24
$367.1M
$235.4M
Q2 24
$366.5M
$281.2M
Q1 24
$541.9M
$273.8M
Stockholders' Equity
KW
KW
QLYS
QLYS
Q4 25
$1.5B
$561.2M
Q3 25
$1.5B
$529.4M
Q2 25
$1.6B
$508.2M
Q1 25
$1.6B
$498.0M
Q4 24
$1.6B
$477.1M
Q3 24
$1.6B
$449.6M
Q2 24
$1.7B
$427.8M
Q1 24
$1.7B
$404.2M
Total Assets
KW
KW
QLYS
QLYS
Q4 25
$6.6B
$1.1B
Q3 25
$6.7B
$1.0B
Q2 25
$6.8B
$999.5M
Q1 25
$7.2B
$996.5M
Q4 24
$7.0B
$973.5M
Q3 24
$7.4B
$908.3M
Q2 24
$7.5B
$876.6M
Q1 24
$7.7B
$861.8M

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
QLYS
QLYS
Operating Cash FlowLast quarter
$11.4M
$75.7M
Free Cash FlowOCF − Capex
$-55.2M
$74.9M
FCF MarginFCF / Revenue
-45.8%
42.8%
Capex IntensityCapex / Revenue
55.2%
0.4%
Cash ConversionOCF / Net Profit
0.20×
1.42×
TTM Free Cash FlowTrailing 4 quarters
$-103.5M
$304.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KW
KW
QLYS
QLYS
Q4 25
$11.4M
$75.7M
Q3 25
$-7.6M
$90.4M
Q2 25
$42.0M
$33.8M
Q1 25
$-51.9M
$109.6M
Q4 24
$55.1M
$47.7M
Q3 24
$-5.6M
$61.0M
Q2 24
$36.7M
$49.8M
Q1 24
$-5.6M
$85.5M
Free Cash Flow
KW
KW
QLYS
QLYS
Q4 25
$-55.2M
$74.9M
Q3 25
$-18.0M
$89.5M
Q2 25
$29.4M
$32.4M
Q1 25
$-59.7M
$107.5M
Q4 24
$-76.5M
$41.9M
Q3 24
$-27.7M
$57.6M
Q2 24
$-500.0K
$48.8M
Q1 24
$-57.1M
$83.5M
FCF Margin
KW
KW
QLYS
QLYS
Q4 25
-45.8%
42.8%
Q3 25
-15.5%
52.7%
Q2 25
21.7%
19.8%
Q1 25
-46.5%
67.3%
Q4 24
-56.5%
26.3%
Q3 24
-21.7%
37.4%
Q2 24
-0.4%
32.8%
Q1 24
-41.9%
57.2%
Capex Intensity
KW
KW
QLYS
QLYS
Q4 25
55.2%
0.4%
Q3 25
8.9%
0.5%
Q2 25
9.3%
0.8%
Q1 25
6.1%
1.3%
Q4 24
97.1%
3.7%
Q3 24
17.3%
2.2%
Q2 24
28.2%
0.7%
Q1 24
37.8%
1.4%
Cash Conversion
KW
KW
QLYS
QLYS
Q4 25
0.20×
1.42×
Q3 25
1.80×
Q2 25
7.50×
0.71×
Q1 25
2.31×
Q4 24
1.26×
1.09×
Q3 24
1.32×
Q2 24
1.14×
Q1 24
-0.15×
2.15×

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%

QLYS
QLYS

Sales Channel Through Intermediary$88.6M51%
Sales Channel Directly To Consumer$86.7M49%

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