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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and Repay Holdings Corp (RPAY). 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 $78.6M, roughly 1.5× Repay Holdings Corp). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs -178.3%, a 226.4% gap on every dollar of revenue. On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -11.0%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $-55.2M). Over the past eight quarters, Repay Holdings Corp's revenue compounded faster (-1.3% CAGR vs -6.0%).
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
KW vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.6M | $78.6M |
| Net Profit | $58.0M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | 57.3% | -182.2% |
| Net Margin | 48.1% | -178.3% |
| Revenue YoY | -11.0% | 0.4% |
| Net Profit YoY | 32.7% | -3304.1% |
| EPS (diluted) | $0.22 | $-1.68 |
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 | $78.6M | ||
| Q3 25 | $116.4M | $77.7M | ||
| Q2 25 | $135.7M | $75.6M | ||
| Q1 25 | $128.3M | $77.3M | ||
| Q4 24 | $135.5M | $78.3M | ||
| Q3 24 | $127.5M | $79.1M | ||
| Q2 24 | $132.0M | $74.9M | ||
| Q1 24 | $136.4M | $80.7M |
| Q4 25 | $58.0M | $-140.1M | ||
| Q3 25 | $-10.2M | $-6.4M | ||
| Q2 25 | $5.6M | $-102.3M | ||
| Q1 25 | $-29.6M | $-7.9M | ||
| Q4 24 | $43.7M | $-4.1M | ||
| Q3 24 | $-66.8M | $3.2M | ||
| Q2 24 | $-48.3M | $-4.1M | ||
| Q1 24 | $37.7M | $-5.2M |
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% | ||
| Q1 24 | — | 76.2% |
| Q4 25 | 57.3% | -182.2% | ||
| Q3 25 | -6.2% | -3.9% | ||
| Q2 25 | 7.4% | -138.7% | ||
| Q1 25 | -26.9% | -4.7% | ||
| Q4 24 | 36.7% | -1.5% | ||
| Q3 24 | -60.8% | -0.9% | ||
| Q2 24 | -45.5% | -4.6% | ||
| Q1 24 | 47.2% | -3.1% |
| Q4 25 | 48.1% | -178.3% | ||
| Q3 25 | -8.8% | -8.3% | ||
| Q2 25 | 4.1% | -135.2% | ||
| Q1 25 | -23.1% | -10.3% | ||
| Q4 24 | 32.3% | -5.3% | ||
| Q3 24 | -52.4% | 4.1% | ||
| Q2 24 | -36.6% | -5.4% | ||
| Q1 24 | 27.6% | -6.5% |
| Q4 25 | $0.22 | $-1.68 | ||
| Q3 25 | $-0.15 | $-0.08 | ||
| Q2 25 | $-0.05 | $-1.15 | ||
| Q1 25 | $-0.30 | $-0.09 | ||
| Q4 24 | $0.24 | $-0.04 | ||
| Q3 24 | $-0.56 | $0.03 | ||
| Q2 24 | $-0.43 | $-0.04 | ||
| Q1 24 | $0.19 | $-0.06 |
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 | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $1.5B | $484.4M |
| Total Assets | $6.6B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.5M | $115.7M | ||
| Q3 25 | $382.6M | $95.7M | ||
| Q2 25 | $309.1M | $162.6M | ||
| Q1 25 | $356.6M | $165.5M | ||
| Q4 24 | $217.5M | $189.5M | ||
| Q3 24 | $367.1M | $168.7M | ||
| Q2 24 | $366.5M | $147.1M | ||
| Q1 24 | $541.9M | $128.3M |
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
| Q4 25 | $1.5B | $484.4M | ||
| Q3 25 | $1.5B | $616.9M | ||
| Q2 25 | $1.6B | $633.7M | ||
| Q1 25 | $1.6B | $755.7M | ||
| Q4 24 | $1.6B | $761.3M | ||
| Q3 24 | $1.6B | $754.7M | ||
| Q2 24 | $1.7B | $815.4M | ||
| Q1 24 | $1.7B | $813.8M |
| Q4 25 | $6.6B | $1.2B | ||
| Q3 25 | $6.7B | $1.3B | ||
| Q2 25 | $6.8B | $1.4B | ||
| Q1 25 | $7.2B | $1.5B | ||
| Q4 24 | $7.0B | $1.6B | ||
| Q3 24 | $7.4B | $1.6B | ||
| Q2 24 | $7.5B | $1.5B | ||
| Q1 24 | $7.7B | $1.5B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $-55.2M | $23.2M |
| FCF MarginFCF / Revenue | -45.8% | 29.6% |
| Capex IntensityCapex / Revenue | 55.2% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-103.5M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $23.3M | ||
| Q3 25 | $-7.6M | $32.2M | ||
| Q2 25 | $42.0M | $33.1M | ||
| Q1 25 | $-51.9M | $2.5M | ||
| Q4 24 | $55.1M | $34.3M | ||
| Q3 24 | $-5.6M | $60.1M | ||
| Q2 24 | $36.7M | $31.0M | ||
| Q1 24 | $-5.6M | $24.8M |
| Q4 25 | $-55.2M | $23.2M | ||
| Q3 25 | $-18.0M | $32.1M | ||
| Q2 25 | $29.4M | $33.0M | ||
| Q1 25 | $-59.7M | $2.4M | ||
| Q4 24 | $-76.5M | $34.0M | ||
| Q3 24 | $-27.7M | $59.8M | ||
| Q2 24 | $-500.0K | $30.5M | ||
| Q1 24 | $-57.1M | $24.7M |
| Q4 25 | -45.8% | 29.6% | ||
| Q3 25 | -15.5% | 41.3% | ||
| Q2 25 | 21.7% | 43.6% | ||
| Q1 25 | -46.5% | 3.0% | ||
| Q4 24 | -56.5% | 43.5% | ||
| Q3 24 | -21.7% | 75.6% | ||
| Q2 24 | -0.4% | 40.7% | ||
| Q1 24 | -41.9% | 30.6% |
| Q4 25 | 55.2% | 0.1% | ||
| Q3 25 | 8.9% | 0.2% | ||
| Q2 25 | 9.3% | 0.1% | ||
| Q1 25 | 6.1% | 0.2% | ||
| Q4 24 | 97.1% | 0.3% | ||
| Q3 24 | 17.3% | 0.3% | ||
| Q2 24 | 28.2% | 0.6% | ||
| Q1 24 | 37.8% | 0.1% |
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 7.50× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| 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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
