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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and RMR GROUP INC. (RMR). 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 $66.7M, roughly 1.8× RMR GROUP INC.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 18.3%, a 29.8% gap on every dollar of revenue. On growth, RMR GROUP INC. posted the faster year-over-year revenue change (40.8% vs -11.0%).

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

RMR Group Inc. is a U.S.-headquartered alternative asset management firm specializing in real estate and real estate-related investments. It operates across commercial property, residential real estate, and infrastructure segments, serving institutional investors, high-net-worth individuals, and retail clients across key global markets.

KW vs RMR — Head-to-Head

Bigger by revenue
KW
KW
1.8× larger
KW
$120.6M
$66.7M
RMR
Growing faster (revenue YoY)
RMR
RMR
+51.8% gap
RMR
40.8%
-11.0%
KW
Higher net margin
KW
KW
29.8% more per $
KW
48.1%
18.3%
RMR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KW
KW
RMR
RMR
Revenue
$120.6M
$66.7M
Net Profit
$58.0M
$12.2M
Gross Margin
Operating Margin
57.3%
48.1%
Net Margin
48.1%
18.3%
Revenue YoY
-11.0%
40.8%
Net Profit YoY
32.7%
91.1%
EPS (diluted)
$0.22
$0.71

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
RMR
RMR
Q4 25
$120.6M
$66.7M
Q3 25
$116.4M
Q2 25
$135.7M
Q1 25
$128.3M
Q4 24
$135.5M
Q3 24
$127.5M
Q2 24
$132.0M
Q1 24
$136.4M
Net Profit
KW
KW
RMR
RMR
Q4 25
$58.0M
$12.2M
Q3 25
$-10.2M
Q2 25
$5.6M
Q1 25
$-29.6M
Q4 24
$43.7M
Q3 24
$-66.8M
Q2 24
$-48.3M
Q1 24
$37.7M
Operating Margin
KW
KW
RMR
RMR
Q4 25
57.3%
48.1%
Q3 25
-6.2%
Q2 25
7.4%
Q1 25
-26.9%
Q4 24
36.7%
Q3 24
-60.8%
Q2 24
-45.5%
Q1 24
47.2%
Net Margin
KW
KW
RMR
RMR
Q4 25
48.1%
18.3%
Q3 25
-8.8%
Q2 25
4.1%
Q1 25
-23.1%
Q4 24
32.3%
Q3 24
-52.4%
Q2 24
-36.6%
Q1 24
27.6%
EPS (diluted)
KW
KW
RMR
RMR
Q4 25
$0.22
$0.71
Q3 25
$-0.15
Q2 25
$-0.05
Q1 25
$-0.30
Q4 24
$0.24
Q3 24
$-0.56
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
RMR
RMR
Cash + ST InvestmentsLiquidity on hand
$184.5M
$49.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$232.7M
Total Assets
$6.6B
$687.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KW
KW
RMR
RMR
Q4 25
$184.5M
$49.3M
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
Stockholders' Equity
KW
KW
RMR
RMR
Q4 25
$1.5B
$232.7M
Q3 25
$1.5B
Q2 25
$1.6B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.7B
Q1 24
$1.7B
Total Assets
KW
KW
RMR
RMR
Q4 25
$6.6B
$687.1M
Q3 25
$6.7B
Q2 25
$6.8B
Q1 25
$7.2B
Q4 24
$7.0B
Q3 24
$7.4B
Q2 24
$7.5B
Q1 24
$7.7B

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
RMR
RMR
Operating Cash FlowLast quarter
$11.4M
$10.7M
Free Cash FlowOCF − Capex
$-55.2M
FCF MarginFCF / Revenue
-45.8%
Capex IntensityCapex / Revenue
55.2%
Cash ConversionOCF / Net Profit
0.20×
0.88×
TTM Free Cash FlowTrailing 4 quarters
$-103.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KW
KW
RMR
RMR
Q4 25
$11.4M
$10.7M
Q3 25
$-7.6M
Q2 25
$42.0M
Q1 25
$-51.9M
Q4 24
$55.1M
Q3 24
$-5.6M
Q2 24
$36.7M
Q1 24
$-5.6M
Free Cash Flow
KW
KW
RMR
RMR
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
RMR
RMR
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
RMR
RMR
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
RMR
RMR
Q4 25
0.20×
0.88×
Q3 25
Q2 25
7.50×
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%

RMR
RMR

Management Service Incentive$23.6M35%
Industrial Logistics Properties Trust$15.1M23%
Managed Private Real Estate Capital$11.1M17%
Office Properties Income Trust$5.6M8%
Other Private Entities$5.3M8%
RMR Residential$3.4M5%
Sonesta International Hotels Corporation$2.1M3%
Investment Advisory Management And Administrative Service$1.2M2%

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