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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
Shoals Technologies Group, Inc. is the larger business by last-quarter revenue ($148.3M vs $120.6M, roughly 1.2× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 5.5%, a 42.6% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs -11.0%). Shoals Technologies Group, Inc. produced more free cash flow last quarter ($-11.3M vs $-55.2M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% CAGR vs -6.0%).
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
Shoals Technologies Group is a leading provider of electrical balance of systems solutions for renewable energy and e-mobility. It supplies connectivity components for solar projects, energy storage systems and EV charging infrastructure, serving clients across North America, Europe and Asia-Pacific.
KW vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.6M | $148.3M |
| Net Profit | $58.0M | $8.1M |
| Gross Margin | — | 31.6% |
| Operating Margin | 57.3% | 11.7% |
| Net Margin | 48.1% | 5.5% |
| Revenue YoY | -11.0% | 38.6% |
| Net Profit YoY | 32.7% | 3.9% |
| EPS (diluted) | $0.22 | $0.05 |
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 | $148.3M | ||
| Q3 25 | $116.4M | $135.8M | ||
| Q2 25 | $135.7M | $110.8M | ||
| Q1 25 | $128.3M | $80.4M | ||
| Q4 24 | $135.5M | $107.0M | ||
| Q3 24 | $127.5M | $102.2M | ||
| Q2 24 | $132.0M | $99.2M | ||
| Q1 24 | $136.4M | $90.8M |
| Q4 25 | $58.0M | $8.1M | ||
| Q3 25 | $-10.2M | $11.9M | ||
| Q2 25 | $5.6M | $13.9M | ||
| Q1 25 | $-29.6M | $-282.0K | ||
| Q4 24 | $43.7M | $7.8M | ||
| Q3 24 | $-66.8M | $-267.0K | ||
| Q2 24 | $-48.3M | $11.8M | ||
| Q1 24 | $37.7M | $4.8M |
| Q4 25 | — | 31.6% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | — | 35.0% | ||
| Q4 24 | — | 37.6% | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 40.3% | ||
| Q1 24 | — | 40.2% |
| Q4 25 | 57.3% | 11.7% | ||
| Q3 25 | -6.2% | 13.7% | ||
| Q2 25 | 7.4% | 14.4% | ||
| Q1 25 | -26.9% | 5.4% | ||
| Q4 24 | 36.7% | 15.4% | ||
| Q3 24 | -60.8% | 4.4% | ||
| Q2 24 | -45.5% | 18.7% | ||
| Q1 24 | 47.2% | 12.8% |
| Q4 25 | 48.1% | 5.5% | ||
| Q3 25 | -8.8% | 8.7% | ||
| Q2 25 | 4.1% | 12.5% | ||
| Q1 25 | -23.1% | -0.4% | ||
| Q4 24 | 32.3% | 7.3% | ||
| Q3 24 | -52.4% | -0.3% | ||
| Q2 24 | -36.6% | 11.9% | ||
| Q1 24 | 27.6% | 5.3% |
| Q4 25 | $0.22 | $0.05 | ||
| Q3 25 | $-0.15 | $0.07 | ||
| Q2 25 | $-0.05 | $0.08 | ||
| Q1 25 | $-0.30 | $0.00 | ||
| Q4 24 | $0.24 | $0.04 | ||
| Q3 24 | $-0.56 | $0.00 | ||
| Q2 24 | $-0.43 | $0.07 | ||
| Q1 24 | $0.19 | $0.03 |
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 | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $600.0M |
| Total Assets | $6.6B | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.5M | $7.3M | ||
| Q3 25 | $382.6M | $8.6M | ||
| Q2 25 | $309.1M | $4.7M | ||
| Q1 25 | $356.6M | $35.6M | ||
| Q4 24 | $217.5M | $23.5M | ||
| Q3 24 | $367.1M | $11.1M | ||
| Q2 24 | $366.5M | $3.2M | ||
| Q1 24 | $541.9M | $15.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $141.8M | ||
| Q4 24 | — | $141.8M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $146.8M | ||
| Q1 24 | — | $168.8M |
| Q4 25 | $1.5B | $600.0M | ||
| Q3 25 | $1.5B | $589.6M | ||
| Q2 25 | $1.6B | $575.4M | ||
| Q1 25 | $1.6B | $558.9M | ||
| Q4 24 | $1.6B | $556.8M | ||
| Q3 24 | $1.6B | $545.2M | ||
| Q2 24 | $1.7B | $544.6M | ||
| Q1 24 | $1.7B | $554.0M |
| Q4 25 | $6.6B | $904.1M | ||
| Q3 25 | $6.7B | $851.8M | ||
| Q2 25 | $6.8B | $795.0M | ||
| Q1 25 | $7.2B | $788.4M | ||
| Q4 24 | $7.0B | $793.1M | ||
| Q3 24 | $7.4B | $801.3M | ||
| Q2 24 | $7.5B | $788.4M | ||
| Q1 24 | $7.7B | $825.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.27× | ||
| Q1 24 | — | 0.30× |
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 | $-4.1M |
| Free Cash FlowOCF − Capex | $-55.2M | $-11.3M |
| FCF MarginFCF / Revenue | -45.8% | -7.6% |
| Capex IntensityCapex / Revenue | 55.2% | 4.8% |
| Cash ConversionOCF / Net Profit | 0.20× | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $-103.5M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $-4.1M | ||
| Q3 25 | $-7.6M | $19.4M | ||
| Q2 25 | $42.0M | $-13.8M | ||
| Q1 25 | $-51.9M | $15.6M | ||
| Q4 24 | $55.1M | $14.0M | ||
| Q3 24 | $-5.6M | $15.7M | ||
| Q2 24 | $36.7M | $37.8M | ||
| Q1 24 | $-5.6M | $12.9M |
| Q4 25 | $-55.2M | $-11.3M | ||
| Q3 25 | $-18.0M | $9.0M | ||
| Q2 25 | $29.4M | $-26.0M | ||
| Q1 25 | $-59.7M | $12.3M | ||
| Q4 24 | $-76.5M | $12.5M | ||
| Q3 24 | $-27.7M | $13.3M | ||
| Q2 24 | $-500.0K | $35.8M | ||
| Q1 24 | $-57.1M | $10.4M |
| Q4 25 | -45.8% | -7.6% | ||
| Q3 25 | -15.5% | 6.6% | ||
| Q2 25 | 21.7% | -23.5% | ||
| Q1 25 | -46.5% | 15.4% | ||
| Q4 24 | -56.5% | 11.6% | ||
| Q3 24 | -21.7% | 13.0% | ||
| Q2 24 | -0.4% | 36.1% | ||
| Q1 24 | -41.9% | 11.4% |
| Q4 25 | 55.2% | 4.8% | ||
| Q3 25 | 8.9% | 7.7% | ||
| Q2 25 | 9.3% | 11.0% | ||
| Q1 25 | 6.1% | 4.0% | ||
| Q4 24 | 97.1% | 1.4% | ||
| Q3 24 | 17.3% | 2.3% | ||
| Q2 24 | 28.2% | 2.0% | ||
| Q1 24 | 37.8% | 2.7% |
| Q4 25 | 0.20× | -0.50× | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | 7.50× | -1.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | 1.79× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.21× | ||
| Q1 24 | -0.15× | 2.69× |
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% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
