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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and UNITIL CORP (UTL). Click either name above to swap in a different company.

UNITIL CORP is the larger business by last-quarter revenue ($161.5M vs $120.6M, roughly 1.3× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 11.8%, a 36.3% gap on every dollar of revenue. On growth, UNITIL CORP posted the faster year-over-year revenue change (26.7% vs -11.0%). UNITIL CORP produced more free cash flow last quarter ($-36.3M vs $-55.2M). Over the past eight quarters, UNITIL CORP'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.

Unitil Corporation is an interstate electricity and natural gas utility company that provides services for New Hampshire, Massachusetts and Maine. Its earliest predecessor company, the Portland Gas Light Company, was founded in Maine in 1849. The current company was set up in 1984 and is based in New Hampshire. With a market cap of 686.51M, it provides electric services to about 102,400 customers and natural gas to over 75,900 customers. The service territory of Unitil includes business distr...

KW vs UTL — Head-to-Head

Bigger by revenue
UTL
UTL
1.3× larger
UTL
$161.5M
$120.6M
KW
Growing faster (revenue YoY)
UTL
UTL
+37.7% gap
UTL
26.7%
-11.0%
KW
Higher net margin
KW
KW
36.3% more per $
KW
48.1%
11.8%
UTL
More free cash flow
UTL
UTL
$18.9M more FCF
UTL
$-36.3M
$-55.2M
KW
Faster 2-yr revenue CAGR
UTL
UTL
Annualised
UTL
-4.9%
-6.0%
KW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KW
KW
UTL
UTL
Revenue
$120.6M
$161.5M
Net Profit
$58.0M
$19.0M
Gross Margin
Operating Margin
57.3%
21.5%
Net Margin
48.1%
11.8%
Revenue YoY
-11.0%
26.7%
Net Profit YoY
32.7%
21.8%
EPS (diluted)
$0.22
$1.05

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.

Revenue
KW
KW
UTL
UTL
Q4 25
$120.6M
$161.5M
Q3 25
$116.4M
$101.1M
Q2 25
$135.7M
$102.6M
Q1 25
$128.3M
$170.8M
Q4 24
$135.5M
$127.5M
Q3 24
$127.5M
$92.9M
Q2 24
$132.0M
$95.7M
Q1 24
$136.4M
$178.7M
Net Profit
KW
KW
UTL
UTL
Q4 25
$58.0M
$19.0M
Q3 25
$-10.2M
$-300.0K
Q2 25
$5.6M
$4.0M
Q1 25
$-29.6M
$27.5M
Q4 24
$43.7M
$15.6M
Q3 24
$-66.8M
$0
Q2 24
$-48.3M
$4.3M
Q1 24
$37.7M
$27.2M
Operating Margin
KW
KW
UTL
UTL
Q4 25
57.3%
21.5%
Q3 25
-6.2%
6.9%
Q2 25
7.4%
13.0%
Q1 25
-26.9%
27.0%
Q4 24
36.7%
22.1%
Q3 24
-60.8%
6.2%
Q2 24
-45.5%
13.0%
Q1 24
47.2%
24.7%
Net Margin
KW
KW
UTL
UTL
Q4 25
48.1%
11.8%
Q3 25
-8.8%
-0.3%
Q2 25
4.1%
3.9%
Q1 25
-23.1%
16.1%
Q4 24
32.3%
12.2%
Q3 24
-52.4%
Q2 24
-36.6%
4.5%
Q1 24
27.6%
15.2%
EPS (diluted)
KW
KW
UTL
UTL
Q4 25
$0.22
$1.05
Q3 25
$-0.15
$-0.02
Q2 25
$-0.05
$0.25
Q1 25
$-0.30
$1.69
Q4 24
$0.24
$0.97
Q3 24
$-0.56
$0.00
Q2 24
$-0.43
$0.27
Q1 24
$0.19
$1.69

Balance Sheet & Financial Strength

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

Metric
KW
KW
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$184.5M
$15.6M
Total DebtLower is stronger
$670.5M
Stockholders' EquityBook value
$1.5B
$609.6M
Total Assets
$6.6B
$2.1B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KW
KW
UTL
UTL
Q4 25
$184.5M
$15.6M
Q3 25
$382.6M
$14.6M
Q2 25
$309.1M
$8.5M
Q1 25
$356.6M
$10.2M
Q4 24
$217.5M
$6.3M
Q3 24
$367.1M
$6.3M
Q2 24
$366.5M
$2.8M
Q1 24
$541.9M
$6.3M
Total Debt
KW
KW
UTL
UTL
Q4 25
$670.5M
Q3 25
$670.5M
Q2 25
$640.7M
Q1 25
$642.1M
Q4 24
$643.3M
Q3 24
$643.3M
Q2 24
$511.3M
Q1 24
$512.8M
Stockholders' Equity
KW
KW
UTL
UTL
Q4 25
$1.5B
$609.6M
Q3 25
$1.5B
$597.2M
Q2 25
$1.6B
$532.8M
Q1 25
$1.6B
$534.1M
Q4 24
$1.6B
$512.5M
Q3 24
$1.6B
$502.4M
Q2 24
$1.7B
$508.8M
Q1 24
$1.7B
$510.8M
Total Assets
KW
KW
UTL
UTL
Q4 25
$6.6B
$2.1B
Q3 25
$6.7B
$1.9B
Q2 25
$6.8B
$1.9B
Q1 25
$7.2B
$1.9B
Q4 24
$7.0B
$1.8B
Q3 24
$7.4B
$1.7B
Q2 24
$7.5B
$1.7B
Q1 24
$7.7B
$1.7B
Debt / Equity
KW
KW
UTL
UTL
Q4 25
1.10×
Q3 25
1.12×
Q2 25
1.20×
Q1 25
1.20×
Q4 24
1.26×
Q3 24
1.28×
Q2 24
1.00×
Q1 24
1.00×

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
UTL
UTL
Operating Cash FlowLast quarter
$11.4M
$21.4M
Free Cash FlowOCF − Capex
$-55.2M
$-36.3M
FCF MarginFCF / Revenue
-45.8%
-22.5%
Capex IntensityCapex / Revenue
55.2%
35.7%
Cash ConversionOCF / Net Profit
0.20×
1.13×
TTM Free Cash FlowTrailing 4 quarters
$-103.5M
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KW
KW
UTL
UTL
Q4 25
$11.4M
$21.4M
Q3 25
$-7.6M
$15.6M
Q2 25
$42.0M
$42.2M
Q1 25
$-51.9M
$52.1M
Q4 24
$55.1M
$23.3M
Q3 24
$-5.6M
$26.1M
Q2 24
$36.7M
$49.9M
Q1 24
$-5.6M
$26.6M
Free Cash Flow
KW
KW
UTL
UTL
Q4 25
$-55.2M
$-36.3M
Q3 25
$-18.0M
$-39.0M
Q2 25
$29.4M
$2.0M
Q1 25
$-59.7M
$19.5M
Q4 24
$-76.5M
$-32.3M
Q3 24
$-27.7M
$-31.3M
Q2 24
$-500.0K
$13.2M
Q1 24
$-57.1M
$6.4M
FCF Margin
KW
KW
UTL
UTL
Q4 25
-45.8%
-22.5%
Q3 25
-15.5%
-38.6%
Q2 25
21.7%
1.9%
Q1 25
-46.5%
11.4%
Q4 24
-56.5%
-25.3%
Q3 24
-21.7%
-33.7%
Q2 24
-0.4%
13.8%
Q1 24
-41.9%
3.6%
Capex Intensity
KW
KW
UTL
UTL
Q4 25
55.2%
35.7%
Q3 25
8.9%
54.0%
Q2 25
9.3%
39.2%
Q1 25
6.1%
19.1%
Q4 24
97.1%
43.6%
Q3 24
17.3%
61.8%
Q2 24
28.2%
38.3%
Q1 24
37.8%
11.3%
Cash Conversion
KW
KW
UTL
UTL
Q4 25
0.20×
1.13×
Q3 25
Q2 25
7.50×
10.55×
Q1 25
1.89×
Q4 24
1.26×
1.49×
Q3 24
Q2 24
11.60×
Q1 24
-0.15×
0.98×

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%

UTL
UTL

Segment breakdown not available.

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