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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) and VINCE HOLDING CORP. (VNCE). 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 $85.1M, roughly 1.4× VINCE HOLDING CORP.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 3.2%, a 44.9% gap on every dollar of revenue. On growth, VINCE HOLDING CORP. posted the faster year-over-year revenue change (6.2% vs -11.0%). VINCE HOLDING CORP. produced more free cash flow last quarter ($-5.7M vs $-55.2M). Over the past eight quarters, VINCE HOLDING CORP.'s revenue compounded faster (6.3% CAGR vs -6.0%).

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

VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.

KW vs VNCE — Head-to-Head

Bigger by revenue
KW
KW
1.4× larger
KW
$120.6M
$85.1M
VNCE
Growing faster (revenue YoY)
VNCE
VNCE
+17.2% gap
VNCE
6.2%
-11.0%
KW
Higher net margin
KW
KW
44.9% more per $
KW
48.1%
3.2%
VNCE
More free cash flow
VNCE
VNCE
$49.5M more FCF
VNCE
$-5.7M
$-55.2M
KW
Faster 2-yr revenue CAGR
VNCE
VNCE
Annualised
VNCE
6.3%
-6.0%
KW

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
KW
KW
VNCE
VNCE
Revenue
$120.6M
$85.1M
Net Profit
$58.0M
$2.7M
Gross Margin
49.2%
Operating Margin
57.3%
6.4%
Net Margin
48.1%
3.2%
Revenue YoY
-11.0%
6.2%
Net Profit YoY
32.7%
-37.3%
EPS (diluted)
$0.22
$0.21

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
VNCE
VNCE
Q4 25
$120.6M
$85.1M
Q3 25
$116.4M
$73.2M
Q2 25
$135.7M
$57.9M
Q1 25
$128.3M
$80.0M
Q4 24
$135.5M
$80.2M
Q3 24
$127.5M
$74.2M
Q2 24
$132.0M
$59.2M
Q1 24
$136.4M
$75.3M
Net Profit
KW
KW
VNCE
VNCE
Q4 25
$58.0M
$2.7M
Q3 25
$-10.2M
$12.1M
Q2 25
$5.6M
$-4.8M
Q1 25
$-29.6M
$-28.3M
Q4 24
$43.7M
$4.3M
Q3 24
$-66.8M
$569.0K
Q2 24
$-48.3M
$4.4M
Q1 24
$37.7M
$-4.7M
Gross Margin
KW
KW
VNCE
VNCE
Q4 25
49.2%
Q3 25
50.4%
Q2 25
50.3%
Q1 25
50.1%
Q4 24
50.0%
Q3 24
47.4%
Q2 24
50.6%
Q1 24
45.4%
Operating Margin
KW
KW
VNCE
VNCE
Q4 25
57.3%
6.4%
Q3 25
-6.2%
15.2%
Q2 25
7.4%
-7.7%
Q1 25
-26.9%
-37.1%
Q4 24
36.7%
7.2%
Q3 24
-60.8%
1.5%
Q2 24
-45.5%
9.5%
Q1 24
47.2%
-2.2%
Net Margin
KW
KW
VNCE
VNCE
Q4 25
48.1%
3.2%
Q3 25
-8.8%
16.5%
Q2 25
4.1%
-8.3%
Q1 25
-23.1%
-35.5%
Q4 24
32.3%
5.4%
Q3 24
-52.4%
0.8%
Q2 24
-36.6%
7.4%
Q1 24
27.6%
-6.2%
EPS (diluted)
KW
KW
VNCE
VNCE
Q4 25
$0.22
$0.21
Q3 25
$-0.15
$0.93
Q2 25
$-0.05
$-0.37
Q1 25
$-0.30
$-2.25
Q4 24
$0.24
$0.34
Q3 24
$-0.56
$0.05
Q2 24
$-0.43
$0.35
Q1 24
$0.19
$-0.37

Balance Sheet & Financial Strength

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

Metric
KW
KW
VNCE
VNCE
Cash + ST InvestmentsLiquidity on hand
$184.5M
$1.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$53.4M
Total Assets
$6.6B
$246.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KW
KW
VNCE
VNCE
Q4 25
$184.5M
$1.1M
Q3 25
$382.6M
$777.0K
Q2 25
$309.1M
$2.6M
Q1 25
$356.6M
$607.0K
Q4 24
$217.5M
$892.0K
Q3 24
$367.1M
$711.0K
Q2 24
$366.5M
$739.0K
Q1 24
$541.9M
$357.0K
Stockholders' Equity
KW
KW
VNCE
VNCE
Q4 25
$1.5B
$53.4M
Q3 25
$1.5B
$49.3M
Q2 25
$1.6B
$37.2M
Q1 25
$1.6B
$41.8M
Q4 24
$1.6B
$57.1M
Q3 24
$1.6B
$52.4M
Q2 24
$1.7B
$51.7M
Q1 24
$1.7B
$47.2M
Total Assets
KW
KW
VNCE
VNCE
Q4 25
$6.6B
$246.0M
Q3 25
$6.7B
$239.0M
Q2 25
$6.8B
$218.0M
Q1 25
$7.2B
$222.7M
Q4 24
$7.0B
$254.7M
Q3 24
$7.4B
$253.6M
Q2 24
$7.5B
$223.1M
Q1 24
$7.7B
$225.1M

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
VNCE
VNCE
Operating Cash FlowLast quarter
$11.4M
$-5.1M
Free Cash FlowOCF − Capex
$-55.2M
$-5.7M
FCF MarginFCF / Revenue
-45.8%
-6.7%
Capex IntensityCapex / Revenue
55.2%
0.7%
Cash ConversionOCF / Net Profit
0.20×
-1.86×
TTM Free Cash FlowTrailing 4 quarters
$-103.5M
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KW
KW
VNCE
VNCE
Q4 25
$11.4M
$-5.1M
Q3 25
$-7.6M
$4.2M
Q2 25
$42.0M
$-11.8M
Q1 25
$-51.9M
$22.7M
Q4 24
$55.1M
$6.4M
Q3 24
$-5.6M
$-3.2M
Q2 24
$36.7M
$-3.9M
Q1 24
$-5.6M
$14.8M
Free Cash Flow
KW
KW
VNCE
VNCE
Q4 25
$-55.2M
$-5.7M
Q3 25
$-18.0M
$2.1M
Q2 25
$29.4M
$-13.2M
Q1 25
$-59.7M
$21.2M
Q4 24
$-76.5M
$5.1M
Q3 24
$-27.7M
$-3.9M
Q2 24
$-500.0K
$-4.6M
Q1 24
$-57.1M
$14.2M
FCF Margin
KW
KW
VNCE
VNCE
Q4 25
-45.8%
-6.7%
Q3 25
-15.5%
2.9%
Q2 25
21.7%
-22.9%
Q1 25
-46.5%
26.5%
Q4 24
-56.5%
6.4%
Q3 24
-21.7%
-5.2%
Q2 24
-0.4%
-7.8%
Q1 24
-41.9%
18.9%
Capex Intensity
KW
KW
VNCE
VNCE
Q4 25
55.2%
0.7%
Q3 25
8.9%
2.9%
Q2 25
9.3%
2.5%
Q1 25
6.1%
1.9%
Q4 24
97.1%
1.6%
Q3 24
17.3%
0.9%
Q2 24
28.2%
1.3%
Q1 24
37.8%
0.7%
Cash Conversion
KW
KW
VNCE
VNCE
Q4 25
0.20×
-1.86×
Q3 25
0.35×
Q2 25
7.50×
Q1 25
Q4 24
1.26×
1.48×
Q3 24
-5.61×
Q2 24
-0.89×
Q1 24
-0.15×

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%

VNCE
VNCE

Vince Wholesale$52.0M61%
Vince Direct To Consumer$33.1M39%

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