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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). 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 $91.6M, roughly 1.3× SHENANDOAH TELECOMMUNICATIONS CO). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs -5.9%, a 54.0% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs -11.0%). Kennedy-Wilson Holdings, Inc. produced more free cash flow last quarter ($-55.2M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs -6.0%).
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
KW vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.6M | $91.6M |
| Net Profit | $58.0M | $-5.4M |
| Gross Margin | — | — |
| Operating Margin | 57.3% | -1.0% |
| Net Margin | 48.1% | -5.9% |
| Revenue YoY | -11.0% | 7.2% |
| Net Profit YoY | 32.7% | -95.8% |
| EPS (diluted) | $0.22 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $116.4M | $89.8M | ||
| Q2 25 | $135.7M | $88.6M | ||
| Q1 25 | $128.3M | $87.9M | ||
| Q4 24 | $135.5M | $85.4M | ||
| Q3 24 | $127.5M | $87.6M | ||
| Q2 24 | $132.0M | $85.8M | ||
| Q1 24 | $136.4M | $69.2M |
| Q4 25 | $58.0M | $-5.4M | ||
| Q3 25 | $-10.2M | $-9.4M | ||
| Q2 25 | $5.6M | $-9.0M | ||
| Q1 25 | $-29.6M | $-9.1M | ||
| Q4 24 | $43.7M | $-2.7M | ||
| Q3 24 | $-66.8M | $-5.3M | ||
| Q2 24 | $-48.3M | $-12.9M | ||
| Q1 24 | $37.7M | $214.7M |
| Q4 25 | 57.3% | -1.0% | ||
| Q3 25 | -6.2% | -8.0% | ||
| Q2 25 | 7.4% | -10.3% | ||
| Q1 25 | -26.9% | -6.9% | ||
| Q4 24 | 36.7% | -6.7% | ||
| Q3 24 | -60.8% | -4.8% | ||
| Q2 24 | -45.5% | -18.5% | ||
| Q1 24 | 47.2% | -4.0% |
| Q4 25 | 48.1% | -5.9% | ||
| Q3 25 | -8.8% | -10.5% | ||
| Q2 25 | 4.1% | -10.2% | ||
| Q1 25 | -23.1% | -10.4% | ||
| Q4 24 | 32.3% | -3.2% | ||
| Q3 24 | -52.4% | -6.0% | ||
| Q2 24 | -36.6% | -15.0% | ||
| Q1 24 | 27.6% | 310.0% |
| Q4 25 | $0.22 | $-0.13 | ||
| Q3 25 | $-0.15 | $-0.20 | ||
| Q2 25 | $-0.05 | $-0.19 | ||
| Q1 25 | $-0.30 | $-0.19 | ||
| Q4 24 | $0.24 | $-0.34 | ||
| Q3 24 | $-0.56 | $-0.13 | ||
| Q2 24 | $-0.43 | $-0.24 | ||
| Q1 24 | $0.19 | $4.25 |
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 | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $1.5B | $880.8M |
| Total Assets | $6.6B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.5M | $27.3M | ||
| Q3 25 | $382.6M | $22.6M | ||
| Q2 25 | $309.1M | $29.1M | ||
| Q1 25 | $356.6M | $87.5M | ||
| Q4 24 | $217.5M | $46.3M | ||
| Q3 24 | $367.1M | $43.1M | ||
| Q2 24 | $366.5M | $43.8M | ||
| Q1 24 | $541.9M | $389.7M |
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | — | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $298.7M |
| Q4 25 | $1.5B | $880.8M | ||
| Q3 25 | $1.5B | $892.7M | ||
| Q2 25 | $1.6B | $902.0M | ||
| Q1 25 | $1.6B | $910.5M | ||
| Q4 24 | $1.6B | $918.6M | ||
| Q3 24 | $1.6B | $925.4M | ||
| Q2 24 | $1.7B | $933.1M | ||
| Q1 24 | $1.7B | $871.6M |
| Q4 25 | $6.6B | $1.9B | ||
| Q3 25 | $6.7B | $1.9B | ||
| Q2 25 | $6.8B | $1.8B | ||
| Q1 25 | $7.2B | $1.8B | ||
| Q4 24 | $7.0B | $1.7B | ||
| Q3 24 | $7.4B | $1.7B | ||
| Q2 24 | $7.5B | $1.7B | ||
| Q1 24 | $7.7B | $1.4B |
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.34× |
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 | $28.8M |
| Free Cash FlowOCF − Capex | $-55.2M | $-78.6M |
| FCF MarginFCF / Revenue | -45.8% | -85.8% |
| Capex IntensityCapex / Revenue | 55.2% | 117.2% |
| Cash ConversionOCF / Net Profit | 0.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-103.5M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $28.8M | ||
| Q3 25 | $-7.6M | $30.7M | ||
| Q2 25 | $42.0M | $20.9M | ||
| Q1 25 | $-51.9M | $20.5M | ||
| Q4 24 | $55.1M | $20.6M | ||
| Q3 24 | $-5.6M | $24.3M | ||
| Q2 24 | $36.7M | $2.5M | ||
| Q1 24 | $-5.6M | $15.2M |
| Q4 25 | $-55.2M | $-78.6M | ||
| Q3 25 | $-18.0M | $-51.4M | ||
| Q2 25 | $29.4M | $-65.3M | ||
| Q1 25 | $-59.7M | $-62.7M | ||
| Q4 24 | $-76.5M | $-72.0M | ||
| Q3 24 | $-27.7M | $-51.3M | ||
| Q2 24 | $-500.0K | $-78.3M | ||
| Q1 24 | $-57.1M | $-54.9M |
| Q4 25 | -45.8% | -85.8% | ||
| Q3 25 | -15.5% | -57.2% | ||
| Q2 25 | 21.7% | -73.7% | ||
| Q1 25 | -46.5% | -71.3% | ||
| Q4 24 | -56.5% | -84.3% | ||
| Q3 24 | -21.7% | -58.5% | ||
| Q2 24 | -0.4% | -91.3% | ||
| Q1 24 | -41.9% | -79.3% |
| Q4 25 | 55.2% | 117.2% | ||
| Q3 25 | 8.9% | 91.4% | ||
| Q2 25 | 9.3% | 97.3% | ||
| Q1 25 | 6.1% | 94.7% | ||
| Q4 24 | 97.1% | 108.4% | ||
| Q3 24 | 17.3% | 86.2% | ||
| Q2 24 | 28.2% | 94.2% | ||
| Q1 24 | 37.8% | 101.2% |
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 7.50× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.15× | 0.07× |
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% |
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
