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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and Target Hospitality Corp. (TH). 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 $73.5M, roughly 1.6× Target Hospitality Corp.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs -20.3%, a 68.4% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -11.0%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% CAGR vs -6.0%).
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
KW vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.6M | $73.5M |
| Net Profit | $58.0M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | 57.3% | -22.9% |
| Net Margin | 48.1% | -20.3% |
| Revenue YoY | -11.0% | 22.0% |
| Net Profit YoY | 32.7% | -219.1% |
| EPS (diluted) | $0.22 | $-0.14 |
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 | $73.5M | ||
| Q3 25 | $116.4M | $91.6M | ||
| Q2 25 | $135.7M | $54.9M | ||
| Q1 25 | $128.3M | $54.9M | ||
| Q4 24 | $135.5M | $60.2M | ||
| Q3 24 | $127.5M | $65.8M | ||
| Q2 24 | $132.0M | $67.5M | ||
| Q1 24 | $136.4M | $72.4M |
| Q4 25 | $58.0M | $-14.9M | ||
| Q3 25 | $-10.2M | $-795.0K | ||
| Q2 25 | $5.6M | $-14.9M | ||
| Q1 25 | $-29.6M | $-6.5M | ||
| Q4 24 | $43.7M | $12.5M | ||
| Q3 24 | $-66.8M | $20.0M | ||
| Q2 24 | $-48.3M | $18.4M | ||
| Q1 24 | $37.7M | $20.4M |
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | — | 68.7% | ||
| Q2 24 | — | 69.4% | ||
| Q1 24 | — | 67.8% |
| Q4 25 | 57.3% | -22.9% | ||
| Q3 25 | -6.2% | 0.1% | ||
| Q2 25 | 7.4% | -30.8% | ||
| Q1 25 | -26.9% | -2.0% | ||
| Q4 24 | 36.7% | 34.5% | ||
| Q3 24 | -60.8% | 42.5% | ||
| Q2 24 | -45.5% | 43.8% | ||
| Q1 24 | 47.2% | 42.0% |
| Q4 25 | 48.1% | -20.3% | ||
| Q3 25 | -8.8% | -0.9% | ||
| Q2 25 | 4.1% | -27.2% | ||
| Q1 25 | -23.1% | -11.8% | ||
| Q4 24 | 32.3% | 20.8% | ||
| Q3 24 | -52.4% | 30.4% | ||
| Q2 24 | -36.6% | 27.2% | ||
| Q1 24 | 27.6% | 28.2% |
| Q4 25 | $0.22 | $-0.14 | ||
| Q3 25 | $-0.15 | $-0.01 | ||
| Q2 25 | $-0.05 | $-0.15 | ||
| Q1 25 | $-0.30 | $-0.07 | ||
| Q4 24 | $0.24 | $0.12 | ||
| Q3 24 | $-0.56 | $0.20 | ||
| Q2 24 | $-0.43 | $0.18 | ||
| Q1 24 | $0.19 | $0.20 |
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 | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $1.5B | $389.3M |
| Total Assets | $6.6B | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.5M | $8.3M | ||
| Q3 25 | $382.6M | $30.4M | ||
| Q2 25 | $309.1M | $19.2M | ||
| Q1 25 | $356.6M | $34.5M | ||
| Q4 24 | $217.5M | $190.7M | ||
| Q3 24 | $367.1M | $177.7M | ||
| Q2 24 | $366.5M | $154.3M | ||
| Q1 24 | $541.9M | $124.3M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | $1.5B | $389.3M | ||
| Q3 25 | $1.5B | $402.4M | ||
| Q2 25 | $1.6B | $401.3M | ||
| Q1 25 | $1.6B | $415.3M | ||
| Q4 24 | $1.6B | $421.1M | ||
| Q3 24 | $1.6B | $417.6M | ||
| Q2 24 | $1.7B | $397.2M | ||
| Q1 24 | $1.7B | $375.5M |
| Q4 25 | $6.6B | $530.2M | ||
| Q3 25 | $6.7B | $541.2M | ||
| Q2 25 | $6.8B | $533.7M | ||
| Q1 25 | $7.2B | $562.5M | ||
| Q4 24 | $7.0B | $725.8M | ||
| Q3 24 | $7.4B | $709.8M | ||
| Q2 24 | $7.5B | $697.0M | ||
| Q1 24 | $7.7B | $687.2M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.48× |
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 | $5.7M |
| Free Cash FlowOCF − Capex | $-55.2M | — |
| FCF MarginFCF / Revenue | -45.8% | — |
| Capex IntensityCapex / Revenue | 55.2% | — |
| Cash ConversionOCF / Net Profit | 0.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-103.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $5.7M | ||
| Q3 25 | $-7.6M | $53.4M | ||
| Q2 25 | $42.0M | $11.1M | ||
| Q1 25 | $-51.9M | $3.9M | ||
| Q4 24 | $55.1M | $30.6M | ||
| Q3 24 | $-5.6M | $31.4M | ||
| Q2 24 | $36.7M | $39.1M | ||
| Q1 24 | $-5.6M | $50.6M |
| Q4 25 | $-55.2M | — | ||
| Q3 25 | $-18.0M | — | ||
| Q2 25 | $29.4M | — | ||
| Q1 25 | $-59.7M | $-11.6M | ||
| Q4 24 | $-76.5M | — | ||
| Q3 24 | $-27.7M | — | ||
| Q2 24 | $-500.0K | — | ||
| Q1 24 | $-57.1M | — |
| Q4 25 | -45.8% | — | ||
| Q3 25 | -15.5% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | -46.5% | -21.1% | ||
| Q4 24 | -56.5% | — | ||
| Q3 24 | -21.7% | — | ||
| Q2 24 | -0.4% | — | ||
| Q1 24 | -41.9% | — |
| Q4 25 | 55.2% | — | ||
| Q3 25 | 8.9% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 6.1% | 28.2% | ||
| Q4 24 | 97.1% | — | ||
| Q3 24 | 17.3% | — | ||
| Q2 24 | 28.2% | — | ||
| Q1 24 | 37.8% | — |
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 7.50× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | 2.44× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | -0.15× | 2.48× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
