Kennedy-Wilson Holdings Inc Financials

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Kennedy-Wilson Holdings Inc (KW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

5/9

Kennedy-Wilson Holdings Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-1.64x

For every $1 of reported earnings, Kennedy-Wilson Holdings Inc generates $-1.64 in operating cash flow ($55.1M OCF vs -$33.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Revenue

$531.4M

YoY-5.5%

5Y CAGR-1.4%

Kennedy-Wilson Holdings Inc generated $531.4M in revenue in fiscal year 2024. This represents a decrease of 5.5% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$33.7M

YoY+88.0%

Kennedy-Wilson Holdings Inc reported -$33.7M in net income in fiscal year 2024. This represents an increase of 88.0% from the prior year.

EPS (Diluted)

$-0.56

YoY+77.2%

Kennedy-Wilson Holdings Inc earned $-0.56 per diluted share (EPS) in fiscal year 2024. This represents an increase of 77.2% from the prior year.

Cash & Debt

$217.5M

YoY-30.7%

5Y CAGR-17.6%

10Y CAGR-13.6%

Kennedy-Wilson Holdings Inc held $217.5M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.60

YoY-37.5%

5Y CAGR-6.7%

10Y CAGR+5.2%

Kennedy-Wilson Holdings Inc paid $0.60 per share in dividends in fiscal year 2024. This represents a decrease of 37.5% from the prior year.

Shares Outstanding

137M

YoY-0.9%

5Y CAGR-0.7%

10Y CAGR+3.6%

Kennedy-Wilson Holdings Inc had 137M shares outstanding in fiscal year 2024. This represents a decrease of 0.9% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-6.3%

YoY+43.7pp

5Y CAGR-62.8pp

Kennedy-Wilson Holdings Inc's net profit margin was -6.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 43.7 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$15.0M

YoY-28.2%

5Y CAGR-6.2%

10Y CAGR+6.2%

Kennedy-Wilson Holdings Inc spent $15.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 28.2% from the prior year.

Capital Expenditures

N/A

KW Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$531.4M-5.5%	$562.6M+4.2%	$540.0M+19.0%	$453.6M-0.1%	$454.0M-20.2%	$568.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$38.8M+8.7%	$35.7M-4.0%	$37.2M+11.7%	$33.3M-3.8%	$34.6M-18.4%	$42.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$259.2M+17.4%	$220.8M+14.8%	$192.4M-4.7%	$201.9M-5.7%	$214.2M
Income Tax	$10.2M+118.4%	-$55.3M-252.8%	$36.2M-71.3%	$126.2M+189.4%	$43.6M+5.3%	$41.4M
Net Income	-$33.7M+88.0%	-$281.4M-376.2%	$101.9M-69.7%	$336.4M+212.1%	$107.8M-66.4%	$321.1M
EPS (Diluted)	$-0.56+77.2%	$-2.46-623.4%	$0.47-79.0%	$2.24+239.4%	$0.66-58.2%	$1.58

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$116.4M-14.2%	$135.7M+5.8%	$128.3M-5.3%	$135.5M+2.7%	$132.0M-3.2%	$136.4M-2.6%	$140.1M-2.6%	$143.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$7.6M-13.6%	$8.8M-15.4%	$10.4M-3.7%	$10.8M+13.7%	$9.5M+14.5%	$8.3M-18.6%	$10.2M+21.4%	$8.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	$64.7M-3.0%	$66.7M+3.9%	$64.2M
Income Tax	$3.0M-31.8%	$4.4M+189.8%	-$4.9M-181.7%	$6.0M+150.8%	-$11.8M-144.2%	$26.7M+163.6%	-$42.0M-113.2%	-$19.7M
Net Income	-$10.2M-282.1%	$5.6M+118.9%	-$29.6M-167.7%	$43.7M+190.5%	-$48.3M-228.1%	$37.7M+116.0%	-$235.9M-268.0%	-$64.1M
EPS (Diluted)	$-0.15-200.0%	$-0.05+83.3%	$-0.30-225.0%	$0.24+155.8%	$-0.43-326.3%	$0.19+110.7%	$-1.78-169.7%	$-0.66

KW Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$7.0B-9.7%	$7.7B-6.8%	$8.3B+5.0%	$7.9B+7.5%	$7.3B+0.3%	$7.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$217.5M-30.7%	$313.7M-28.6%	$439.3M-16.3%	$524.8M-45.6%	$965.1M+68.2%	$573.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$38.7M-32.5%	$57.3M+40.4%	$40.8M+13.0%	$36.1M-24.6%	$47.9M-8.1%	$52.1M
Goodwill	$23.9M0.0%	$23.9M0.0%	$23.9M0.0%	$23.9M0.0%	$23.9M0.0%	$23.9M
Total Liabilities	$5.3B-10.0%	$5.9B-5.6%	$6.3B+3.1%	$6.1B+7.4%	$5.7B+1.3%	$5.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.6B-8.8%	$1.8B-10.6%	$2.0B+10.5%	$1.8B+8.1%	$1.6B-2.0%	$1.7B
Retained Earnings	-$493.7M-41.5%	-$349.0M-385.8%	$122.1M-36.5%	$192.4M+987.0%	$17.7M-61.7%	$46.2M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$6.7B-1.5%	$6.8B-5.0%	$7.2B+2.8%	$7.0B-7.1%	$7.5B-2.4%	$7.7B-0.4%	$7.7B-2.5%	$7.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$382.6M+23.8%	$309.1M-13.3%	$356.6M+64.0%	$217.5M-40.7%	$366.5M-32.4%	$541.9M+72.7%	$313.7M-5.2%	$330.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$57.5M+36.9%	$42.0M+20.0%	$35.0M-9.6%	$38.7M-6.5%	$41.4M-2.6%	$42.5M-25.8%	$57.3M+20.9%	$47.4M
Goodwill	$23.9M0.0%	$23.9M0.0%	$23.9M0.0%	$23.9M0.0%	$23.9M0.0%	$23.9M0.0%	$23.9M0.0%	$23.9M
Total Liabilities	$5.1B-1.2%	$5.2B-6.5%	$5.6B+4.5%	$5.3B-7.9%	$5.8B-1.9%	$5.9B-0.3%	$5.9B+1.0%	$5.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.5B-2.3%	$1.6B+0.3%	$1.6B-2.7%	$1.6B-4.1%	$1.7B-4.2%	$1.7B-0.7%	$1.8B-12.6%	$2.0B
Retained Earnings	-$607.3M-6.6%	-$569.5M-3.3%	-$551.1M-11.6%	-$493.7M-18.5%	-$416.6M-20.0%	-$347.1M+0.5%	-$349.0M-382.7%	-$72.3M

KW Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$55.1M+12.7%	$48.9M+48.6%	$32.9M+208.6%	-$30.3M-140.5%	-$12.6M+35.4%	-$19.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$414.2M+3640.2%	-$11.7M+96.8%	-$361.6M+65.2%	-$1.0B-275.7%	$590.8M+224.1%	$182.3M
Financing Cash Flow	-$565.5M-243.1%	-$164.8M-162.4%	$264.2M-58.2%	$632.0M+405.9%	-$206.6M-140.8%	-$85.8M
Dividends Paid	$100.2M-26.3%	$136.0M+1.0%	$134.6M+9.0%	$123.5M-2.1%	$126.1M+9.7%	$114.9M
Share Buybacks	$15.0M-28.2%	$20.9M-33.0%	$31.2M-62.5%	$83.2M+44.9%	$57.4M+177.3%	$20.7M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$7.6M-118.1%	$42.0M+180.9%	-$51.9M-275.3%	$29.6M-19.3%	$36.7M+755.4%	-$5.6M-110.9%	$51.6M+13000.0%	-$400K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$129.6M-73.3%	$485.0M+2217.9%	-$22.9M-114.7%	$156.0M+319.1%	-$71.2M-129.1%	$244.8M+2650.6%	$8.9M-77.3%	$39.2M
Financing Cash Flow	-$48.8M+91.6%	-$583.2M-366.5%	$218.8M+166.8%	-$327.7M-130.6%	-$142.1M-1350.0%	-$9.8M+87.2%	-$76.8M+17.5%	-$93.1M
Dividends Paid	$16.6M0.0%	$16.6M-9.3%	$18.3M+10.9%	$16.5M-50.2%	$33.1M-2.9%	$34.1M+1.8%	$33.5M+0.3%	$33.4M
Share Buybacks	$0-100.0%	$2.5M-62.7%	$6.7M	$0-100.0%	$5.7M-37.4%	$9.1M+21.3%	$7.5M	$0

KW Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-6.3%+43.7pp	-50.0%-68.9pp	18.9%-55.3pp	74.2%+50.4pp	23.7%-32.7pp	56.5%
Return on Equity	N/A	N/A	5.2%-13.7pp	18.9%+12.4pp	6.6%-12.6pp	19.1%
Return on Assets	-0.5%+3.2pp	-3.6%-4.9pp	1.2%-3.0pp	4.3%+2.8pp	1.5%-2.9pp	4.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.33-0.0	3.37+0.2	3.19-0.2	3.42-0.0	3.44+0.1	3.33
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-8.8%-12.9pp	4.1%+27.2pp	-23.1%-55.3pp	32.3%+68.8pp	-36.6%-64.2pp	27.6%+196.0pp	-168.4%-123.8pp	-44.6%
Return on Equity	N/A	0.4%	N/A	2.7%	N/A	2.2%	N/A	N/A
Return on Assets	-0.1%-0.2pp	0.1%+0.5pp	-0.4%-1.0pp	0.6%+1.3pp	-0.6%-1.1pp	0.5%+3.5pp	-3.1%-2.3pp	-0.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.36+0.0	3.33-0.2	3.57+0.2	3.33-0.1	3.46+0.1	3.38+0.0	3.37+0.5	2.92
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Marcus & Millichap Inc MMI

$1.0B

Irsa Inversion IRS

$1.2B

Real Brokerage REAX

$576.1M

Exp World Holdin EXPI

$1.2B

Frequently Asked Questions

What is Kennedy-Wilson Holdings Inc's annual revenue?

Kennedy-Wilson Holdings Inc (KW) reported $531.4M in total revenue for fiscal year 2024. This represents a -5.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Kennedy-Wilson Holdings Inc's revenue growing?

Kennedy-Wilson Holdings Inc (KW) revenue declined by 5.5% year-over-year, from $562.6M to $531.4M in fiscal year 2024.

Is Kennedy-Wilson Holdings Inc profitable?

No, Kennedy-Wilson Holdings Inc (KW) reported a net income of -$33.7M in fiscal year 2024, with a net profit margin of -6.3%.

What is Kennedy-Wilson Holdings Inc's earnings per share (EPS)?

Kennedy-Wilson Holdings Inc (KW) reported diluted earnings per share of $-0.56 for fiscal year 2024. This represents a 77.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Kennedy-Wilson Holdings Inc's net profit margin?

Kennedy-Wilson Holdings Inc (KW) had a net profit margin of -6.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Kennedy-Wilson Holdings Inc pay dividends?

Yes, Kennedy-Wilson Holdings Inc (KW) paid $0.60 per share in dividends during fiscal year 2024.

What is Kennedy-Wilson Holdings Inc's operating cash flow?

Kennedy-Wilson Holdings Inc (KW) generated $55.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Kennedy-Wilson Holdings Inc's total assets?

Kennedy-Wilson Holdings Inc (KW) had $7.0B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Kennedy-Wilson Holdings Inc buy back shares?

Yes, Kennedy-Wilson Holdings Inc (KW) spent $15.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Kennedy-Wilson Holdings Inc have outstanding?

Kennedy-Wilson Holdings Inc (KW) had 137M shares outstanding as of fiscal year 2024.

What is Kennedy-Wilson Holdings Inc's debt-to-equity ratio?

Kennedy-Wilson Holdings Inc (KW) had a debt-to-equity ratio of 3.33 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Kennedy-Wilson Holdings Inc's return on assets (ROA)?

Kennedy-Wilson Holdings Inc (KW) had a return on assets of -0.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Kennedy-Wilson Holdings Inc's Piotroski F-Score?

Kennedy-Wilson Holdings Inc (KW) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Kennedy-Wilson Holdings Inc's earnings high quality?

Kennedy-Wilson Holdings Inc (KW) has an earnings quality ratio of -1.64x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.