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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and Latham Group, Inc. (SWIM). 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 $100.0M, roughly 1.2× Latham Group, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs -7.0%, a 55.1% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -11.0%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $-55.2M). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% CAGR vs -6.0%).
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
KW vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.6M | $100.0M |
| Net Profit | $58.0M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 57.3% | -10.7% |
| Net Margin | 48.1% | -7.0% |
| Revenue YoY | -11.0% | 14.5% |
| Net Profit YoY | 32.7% | 76.0% |
| EPS (diluted) | $0.22 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $116.4M | $161.9M | ||
| Q2 25 | $135.7M | $172.6M | ||
| Q1 25 | $128.3M | $111.4M | ||
| Q4 24 | $135.5M | $87.3M | ||
| Q3 24 | $127.5M | $150.5M | ||
| Q2 24 | $132.0M | $160.1M | ||
| Q1 24 | $136.4M | $110.6M |
| Q4 25 | $58.0M | $-7.0M | ||
| Q3 25 | $-10.2M | $8.1M | ||
| Q2 25 | $5.6M | $16.0M | ||
| Q1 25 | $-29.6M | $-6.0M | ||
| Q4 24 | $43.7M | $-29.2M | ||
| Q3 24 | $-66.8M | $5.9M | ||
| Q2 24 | $-48.3M | $13.3M | ||
| Q1 24 | $37.7M | $-7.9M |
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 27.7% |
| Q4 25 | 57.3% | -10.7% | ||
| Q3 25 | -6.2% | 13.3% | ||
| Q2 25 | 7.4% | 14.3% | ||
| Q1 25 | -26.9% | -4.4% | ||
| Q4 24 | 36.7% | -14.9% | ||
| Q3 24 | -60.8% | 8.9% | ||
| Q2 24 | -45.5% | 12.5% | ||
| Q1 24 | 47.2% | -1.9% |
| Q4 25 | 48.1% | -7.0% | ||
| Q3 25 | -8.8% | 5.0% | ||
| Q2 25 | 4.1% | 9.3% | ||
| Q1 25 | -23.1% | -5.4% | ||
| Q4 24 | 32.3% | -33.4% | ||
| Q3 24 | -52.4% | 3.9% | ||
| Q2 24 | -36.6% | 8.3% | ||
| Q1 24 | 27.6% | -7.1% |
| Q4 25 | $0.22 | $-0.06 | ||
| Q3 25 | $-0.15 | $0.07 | ||
| Q2 25 | $-0.05 | $0.13 | ||
| Q1 25 | $-0.30 | $-0.05 | ||
| Q4 24 | $0.24 | $-0.24 | ||
| Q3 24 | $-0.56 | $0.05 | ||
| Q2 24 | $-0.43 | $0.11 | ||
| Q1 24 | $0.19 | $-0.07 |
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 | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $1.5B | $405.9M |
| Total Assets | $6.6B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.5M | — | ||
| 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 | — |
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $1.5B | $405.9M | ||
| Q3 25 | $1.5B | $408.4M | ||
| Q2 25 | $1.6B | $398.4M | ||
| Q1 25 | $1.6B | $381.1M | ||
| Q4 24 | $1.6B | $387.2M | ||
| Q3 24 | $1.6B | $416.6M | ||
| Q2 24 | $1.7B | $408.1M | ||
| Q1 24 | $1.7B | $391.8M |
| Q4 25 | $6.6B | $823.2M | ||
| Q3 25 | $6.7B | $844.4M | ||
| Q2 25 | $6.8B | $822.1M | ||
| Q1 25 | $7.2B | $824.6M | ||
| Q4 24 | $7.0B | $794.2M | ||
| Q3 24 | $7.4B | $853.4M | ||
| Q2 24 | $7.5B | $830.0M | ||
| Q1 24 | $7.7B | $808.6M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $14.1M |
| FCF MarginFCF / Revenue | -45.8% | 14.1% |
| Capex IntensityCapex / Revenue | 55.2% | 9.2% |
| Cash ConversionOCF / Net Profit | 0.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-103.5M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $23.3M | ||
| Q3 25 | $-7.6M | $51.0M | ||
| Q2 25 | $42.0M | $36.0M | ||
| Q1 25 | $-51.9M | $-46.9M | ||
| Q4 24 | $55.1M | $6.2M | ||
| Q3 24 | $-5.6M | $37.2M | ||
| Q2 24 | $36.7M | $52.4M | ||
| Q1 24 | $-5.6M | $-34.5M |
| Q4 25 | $-55.2M | $14.1M | ||
| Q3 25 | $-18.0M | $45.2M | ||
| Q2 25 | $29.4M | $29.1M | ||
| Q1 25 | $-59.7M | $-50.3M | ||
| Q4 24 | $-76.5M | $-98.0K | ||
| Q3 24 | $-27.7M | $33.2M | ||
| Q2 24 | $-500.0K | $47.9M | ||
| Q1 24 | $-57.1M | $-39.9M |
| Q4 25 | -45.8% | 14.1% | ||
| Q3 25 | -15.5% | 27.9% | ||
| Q2 25 | 21.7% | 16.8% | ||
| Q1 25 | -46.5% | -45.2% | ||
| Q4 24 | -56.5% | -0.1% | ||
| Q3 24 | -21.7% | 22.1% | ||
| Q2 24 | -0.4% | 29.9% | ||
| Q1 24 | -41.9% | -36.0% |
| Q4 25 | 55.2% | 9.2% | ||
| Q3 25 | 8.9% | 3.6% | ||
| Q2 25 | 9.3% | 4.0% | ||
| Q1 25 | 6.1% | 3.1% | ||
| Q4 24 | 97.1% | 7.2% | ||
| Q3 24 | 17.3% | 2.7% | ||
| Q2 24 | 28.2% | 2.8% | ||
| Q1 24 | 37.8% | 4.8% |
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | 7.50× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
