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

SMITH & WESSON BRANDS, INC. is the larger business by last-quarter revenue ($124.7M vs $120.6M, roughly 1.0× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 1.5%, a 46.6% gap on every dollar of revenue. On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -11.0%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-55.2M). Over the past eight quarters, SMITH & WESSON BRANDS, INC.'s revenue compounded faster (-4.8% CAGR vs -6.0%).

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

Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.

KW vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.0× larger
SWBI
$124.7M
$120.6M
KW
Growing faster (revenue YoY)
SWBI
SWBI
+7.1% gap
SWBI
-3.9%
-11.0%
KW
Higher net margin
KW
KW
46.6% more per $
KW
48.1%
1.5%
SWBI
More free cash flow
SWBI
SWBI
$71.5M more FCF
SWBI
$16.3M
$-55.2M
KW
Faster 2-yr revenue CAGR
SWBI
SWBI
Annualised
SWBI
-4.8%
-6.0%
KW

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
KW
KW
SWBI
SWBI
Revenue
$120.6M
$124.7M
Net Profit
$58.0M
$1.9M
Gross Margin
24.3%
Operating Margin
57.3%
3.3%
Net Margin
48.1%
1.5%
Revenue YoY
-11.0%
-3.9%
Net Profit YoY
32.7%
-53.6%
EPS (diluted)
$0.22
$0.04

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
SWBI
SWBI
Q4 25
$120.6M
$124.7M
Q3 25
$116.4M
$85.1M
Q2 25
$135.7M
$140.8M
Q1 25
$128.3M
$115.9M
Q4 24
$135.5M
$129.7M
Q3 24
$127.5M
$88.3M
Q2 24
$132.0M
$159.1M
Q1 24
$136.4M
$137.5M
Net Profit
KW
KW
SWBI
SWBI
Q4 25
$58.0M
$1.9M
Q3 25
$-10.2M
$-3.4M
Q2 25
$5.6M
$8.6M
Q1 25
$-29.6M
$2.1M
Q4 24
$43.7M
$4.5M
Q3 24
$-66.8M
$-1.9M
Q2 24
$-48.3M
$27.9M
Q1 24
$37.7M
$7.9M
Gross Margin
KW
KW
SWBI
SWBI
Q4 25
24.3%
Q3 25
25.9%
Q2 25
28.8%
Q1 25
24.1%
Q4 24
26.6%
Q3 24
27.4%
Q2 24
35.5%
Q1 24
28.7%
Operating Margin
KW
KW
SWBI
SWBI
Q4 25
57.3%
3.3%
Q3 25
-6.2%
-3.5%
Q2 25
7.4%
9.3%
Q1 25
-26.9%
4.1%
Q4 24
36.7%
5.8%
Q3 24
-60.8%
-1.7%
Q2 24
-45.5%
17.4%
Q1 24
47.2%
8.2%
Net Margin
KW
KW
SWBI
SWBI
Q4 25
48.1%
1.5%
Q3 25
-8.8%
-4.0%
Q2 25
4.1%
6.1%
Q1 25
-23.1%
1.8%
Q4 24
32.3%
3.5%
Q3 24
-52.4%
-2.1%
Q2 24
-36.6%
17.5%
Q1 24
27.6%
5.7%
EPS (diluted)
KW
KW
SWBI
SWBI
Q4 25
$0.22
$0.04
Q3 25
$-0.15
$-0.08
Q2 25
$-0.05
$0.19
Q1 25
$-0.30
$0.05
Q4 24
$0.24
$0.10
Q3 24
$-0.56
$-0.04
Q2 24
$-0.43
$0.60
Q1 24
$0.19
$0.17

Balance Sheet & Financial Strength

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

Metric
KW
KW
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$184.5M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$363.2M
Total Assets
$6.6B
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KW
KW
SWBI
SWBI
Q4 25
$184.5M
$22.4M
Q3 25
$382.6M
$18.0M
Q2 25
$309.1M
$25.2M
Q1 25
$356.6M
$26.7M
Q4 24
$217.5M
$39.1M
Q3 24
$367.1M
$35.5M
Q2 24
$366.5M
$60.8M
Q1 24
$541.9M
$47.4M
Stockholders' Equity
KW
KW
SWBI
SWBI
Q4 25
$1.5B
$363.2M
Q3 25
$1.5B
$364.4M
Q2 25
$1.6B
$372.5M
Q1 25
$1.6B
$366.9M
Q4 24
$1.6B
$371.5M
Q3 24
$1.6B
$380.0M
Q2 24
$1.7B
$399.9M
Q1 24
$1.7B
$376.4M
Total Assets
KW
KW
SWBI
SWBI
Q4 25
$6.6B
$548.6M
Q3 25
$6.7B
$554.6M
Q2 25
$6.8B
$559.6M
Q1 25
$7.2B
$578.9M
Q4 24
$7.0B
$587.4M
Q3 24
$7.4B
$571.3M
Q2 24
$7.5B
$577.4M
Q1 24
$7.7B
$570.6M

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
SWBI
SWBI
Operating Cash FlowLast quarter
$11.4M
$27.3M
Free Cash FlowOCF − Capex
$-55.2M
$16.3M
FCF MarginFCF / Revenue
-45.8%
13.1%
Capex IntensityCapex / Revenue
55.2%
8.8%
Cash ConversionOCF / Net Profit
0.20×
14.22×
TTM Free Cash FlowTrailing 4 quarters
$-103.5M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KW
KW
SWBI
SWBI
Q4 25
$11.4M
$27.3M
Q3 25
$-7.6M
$-8.1M
Q2 25
$42.0M
$40.8M
Q1 25
$-51.9M
$-9.8M
Q4 24
$55.1M
$-7.4M
Q3 24
$-5.6M
$-30.8M
Q2 24
$36.7M
$43.7M
Q1 24
$-5.6M
$25.2M
Free Cash Flow
KW
KW
SWBI
SWBI
Q4 25
$-55.2M
$16.3M
Q3 25
$-18.0M
$-12.4M
Q2 25
$29.4M
$33.5M
Q1 25
$-59.7M
$-16.1M
Q4 24
$-76.5M
$-10.7M
Q3 24
$-27.7M
$-35.5M
Q2 24
$-500.0K
$38.2M
Q1 24
$-57.1M
$7.0M
FCF Margin
KW
KW
SWBI
SWBI
Q4 25
-45.8%
13.1%
Q3 25
-15.5%
-14.6%
Q2 25
21.7%
23.8%
Q1 25
-46.5%
-13.9%
Q4 24
-56.5%
-8.3%
Q3 24
-21.7%
-40.2%
Q2 24
-0.4%
24.0%
Q1 24
-41.9%
5.1%
Capex Intensity
KW
KW
SWBI
SWBI
Q4 25
55.2%
8.8%
Q3 25
8.9%
5.0%
Q2 25
9.3%
5.2%
Q1 25
6.1%
5.4%
Q4 24
97.1%
2.5%
Q3 24
17.3%
5.3%
Q2 24
28.2%
3.5%
Q1 24
37.8%
13.2%
Cash Conversion
KW
KW
SWBI
SWBI
Q4 25
0.20×
14.22×
Q3 25
Q2 25
7.50×
4.73×
Q1 25
-4.68×
Q4 24
1.26×
-1.63×
Q3 24
Q2 24
1.57×
Q1 24
-0.15×
3.20×

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%

SWBI
SWBI

Segment breakdown not available.

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