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

Kennedy-Wilson Holdings Inc (KW) reported diluted earnings per share of $-0.28 for fiscal year 2025. This represents a 50.0% 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.

Kennedy-Wilson Holdings Inc Financials

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 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 17 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).

Rhea AI KW FY2025 2026-04-29

Kennedy-Wilson’s recent numbers show a balance-sheet reset where asset monetization is carrying more weight than operations.

FY2025 returned to a modest accounting profit of $23.8M, but operating cash flow was only $11.4M, so the earnings recovery did not translate cleanly into cash generation. That gap matters because dividends of $68M still exceeded operating cash flow, and $525.8M of investing inflow points to recent funding coming from asset sales rather than routine operations.

From FY2023 to FY2025, total liabilities fell from $5.91B to $5.05B, but total assets also shrank, which means deleveraging came with a smaller asset base rather than through retained profits rebuilding the company. Equity still slipped to $1.54B and the debt-to-equity ratio stayed near 3.3x, so the balance sheet remains structurally reliant on borrowed capital.

Across FY2023-FY2025, net income swung from -$281.4M to $23.8M, yet operating cash flow stayed modest, suggesting reported results are being shaped by non-cash items or timing effects as much as by cash collected. This is why the business currently looks more like a capital-recycling model than a straightforward cash-compounding one.

Financial Health Signals

Financial Profile 11/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Kennedy-Wilson Holdings Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Kennedy-Wilson Holdings Inc's revenue declined 5.7% year-over-year, from $531.4M to $501.0M. This contraction results in a growth score of 24/100.

Leverage

Kennedy-Wilson Holdings Inc has a moderate D/E ratio of 3.29. This balance of debt and equity financing earns a leverage score of 35/100.

Returns

Kennedy-Wilson Holdings Inc generates a 1.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 4/100. This is up from -2.1% the prior year.

Piotroski F-Score Weak

3/9

Kennedy-Wilson Holdings Inc passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.48x

For every $1 of reported earnings, Kennedy-Wilson Holdings Inc generates $0.48 in operating cash flow ($11.4M OCF vs $23.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$501.0M

YoY-5.7%

5Y CAGR+2.0%

Kennedy-Wilson Holdings Inc generated $501.0M in revenue in fiscal year 2025. This represents a decrease of 5.7% from the prior year.

EBITDA

N/A

Net Income

$23.8M

YoY+170.6%

5Y CAGR-26.1%

10Y CAGR-10.8%

Kennedy-Wilson Holdings Inc reported $23.8M in net income in fiscal year 2025. This represents an increase of 170.6% from the prior year.

EPS (Diluted)

$-0.28

YoY+50.0%

Kennedy-Wilson Holdings Inc earned $-0.28 per diluted share (EPS) in fiscal year 2025. This represents an increase of 50.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$184.5M

YoY-15.2%

5Y CAGR-28.2%

10Y CAGR-12.9%

Kennedy-Wilson Holdings Inc held $184.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.48

YoY-20.0%

5Y CAGR-11.4%

10Y CAGR+0.0%

Kennedy-Wilson Holdings Inc paid $0.48 per share in dividends in fiscal year 2025. This represents a decrease of 20.0% from the prior year.

Shares Outstanding

138M

YoY+0.3%

5Y CAGR-0.5%

10Y CAGR+1.9%

Kennedy-Wilson Holdings Inc had 138M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

4.8%

YoY+11.1pp

5Y CAGR-19.0pp

Kennedy-Wilson Holdings Inc's net profit margin was 4.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 11.1 percentage points from the prior year.

Return on Equity

1.6%

YoY+3.7pp

5Y CAGR-5.0pp

10Y CAGR-5.0pp

Kennedy-Wilson Holdings Inc's ROE was 1.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$9.2M

YoY-38.7%

5Y CAGR-30.7%

10Y CAGR-2.1%

Kennedy-Wilson Holdings Inc spent $9.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 38.7% from the prior year.

Capital Expenditures

N/A

KW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$501.0M-5.7%	$531.4M-5.5%	$562.6M+4.2%	$540.0M+19.0%	$453.6M-0.1%	$454.0M
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	$36.4M-6.2%	$38.8M+8.7%	$35.7M-4.0%	$37.2M+11.7%	$33.3M-3.8%	$34.6M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	$259.2M+17.4%	$220.8M+14.8%	$192.4M-4.7%	$201.9M
Income Tax	$13.6M+33.3%	$10.2M+118.4%	-$55.3M-252.8%	$36.2M-71.3%	$126.2M+189.4%	$43.6M
Net Income	$23.8M+170.6%	-$33.7M+88.0%	-$281.4M-376.2%	$101.9M-69.7%	$336.4M+212.1%	$107.8M
EPS (Diluted)	$-0.28+50.0%	$-0.56+77.2%	$-2.46-623.4%	$0.47-79.0%	$2.24+239.4%	$0.66

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$117.2M-2.8%	$120.6M+3.6%	$116.4M-14.2%	$135.7M+5.8%	$128.3M-5.3%	$135.5M+6.3%	$127.5M-3.4%	$132.0M
Cost of Revenue	$34.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$50.8M	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	$10.4M+8.3%	$9.6M+26.3%	$7.6M-13.6%	$8.8M-15.4%	$10.4M-3.7%	$10.8M+5.9%	$10.2M+7.4%	$9.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$500K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$11.5M-203.6%	$11.1M+270.0%	$3.0M-31.8%	$4.4M+189.8%	-$4.9M-181.7%	$6.0M+156.1%	-$10.7M+9.3%	-$11.8M
Net Income	$24.5M-57.8%	$58.0M+668.6%	-$10.2M-282.1%	$5.6M+118.9%	-$29.6M-167.7%	$43.7M+165.4%	-$66.8M-38.3%	-$48.3M
EPS (Diluted)	$0.10	N/A	$-0.15-200.0%	$-0.05+83.3%	$-0.30	N/A	$-0.56-30.2%	$-0.43

KW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$6.6B-4.9%	$7.0B-9.7%	$7.7B-6.8%	$8.3B+5.0%	$7.9B+7.5%	$7.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$184.5M-15.2%	$217.5M-30.7%	$313.7M-28.6%	$439.3M-16.3%	$524.8M-45.6%	$965.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$38.8M+0.3%	$38.7M-32.5%	$57.3M+40.4%	$40.8M+13.0%	$36.1M-24.6%	$47.9M
Goodwill	$23.9M0.0%	$23.9M0.0%	$23.9M0.0%	$23.9M0.0%	$23.9M0.0%	$23.9M
Total Liabilities	$5.0B-5.2%	$5.3B-10.0%	$5.9B-5.6%	$6.3B+3.1%	$6.1B+7.4%	$5.7B
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	$1.5B-4.1%	$1.6B-8.8%	$1.8B-10.6%	$2.0B+10.5%	$1.8B+8.1%	$1.6B
Retained Earnings	-$594.3M-20.4%	-$493.7M-41.5%	-$349.0M-385.8%	$122.1M-36.5%	$192.4M+987.0%	$17.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$6.8B+3.4%	$6.6B-1.1%	$6.7B-1.5%	$6.8B-5.0%	$7.2B+2.8%	$7.0B-6.5%	$7.4B-0.7%	$7.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$184.6M+0.1%	$184.5M-51.8%	$382.6M+23.8%	$309.1M-13.3%	$356.6M+64.0%	$217.5M-40.8%	$367.1M+0.2%	$366.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$36.6M-5.7%	$38.8M-32.5%	$57.5M+36.9%	$42.0M+20.0%	$35.0M-9.6%	$38.7M-10.0%	$43.0M+3.9%	$41.4M
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	$5.3B+4.8%	$5.0B-1.7%	$5.1B-1.2%	$5.2B-6.5%	$5.6B+4.5%	$5.3B-8.1%	$5.8B+0.1%	$5.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.6B	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.5B-1.1%	$1.5B+0.5%	$1.5B-2.3%	$1.6B+0.3%	$1.6B-2.7%	$1.6B-0.8%	$1.6B-3.3%	$1.7B
Retained Earnings	-$597.3M-0.5%	-$594.3M+2.1%	-$607.3M-6.6%	-$569.5M-3.3%	-$551.1M-11.6%	-$493.7M+3.3%	-$510.3M-22.5%	-$416.6M

KW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$11.4M-79.3%	$55.1M+12.7%	$48.9M+48.6%	$32.9M+208.6%	-$30.3M-140.5%	-$12.6M
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	$525.8M+26.9%	$414.2M+3640.2%	-$11.7M+96.8%	-$361.6M+65.2%	-$1.0B-275.7%	$590.8M
Financing Cash Flow	-$560.0M+1.0%	-$565.5M-243.1%	-$164.8M-162.4%	$264.2M-58.2%	$632.0M+405.9%	-$206.6M
Dividends Paid	$68.0M-32.1%	$100.2M-26.3%	$136.0M+1.0%	$134.6M+9.0%	$123.5M-2.1%	$126.1M
Share Buybacks	$9.2M-38.7%	$15.0M-28.2%	$20.9M-33.0%	$31.2M-62.5%	$83.2M+44.9%	$57.4M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$87.9M-404.2%	$28.9M+480.3%	-$7.6M-118.1%	$42.0M+180.9%	-$51.9M-275.3%	$29.6M+628.6%	-$5.6M-115.3%	$36.7M
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	$81.2M+223.2%	-$65.9M-150.8%	$129.6M-73.3%	$485.0M+2217.9%	-$22.9M-114.7%	$156.0M+84.4%	$84.6M+218.8%	-$71.2M
Financing Cash Flow	$9.4M+106.4%	-$146.8M-200.8%	-$48.8M+91.6%	-$583.2M-366.5%	$218.8M+166.8%	-$327.7M-281.5%	-$85.9M+39.5%	-$142.1M
Dividends Paid	$16.7M+1.2%	$16.5M-0.6%	$16.6M0.0%	$16.6M-9.3%	$18.3M+10.9%	$16.5M0.0%	$16.5M-50.2%	$33.1M
Share Buybacks	$11.8M	$0	$0-100.0%	$2.5M-62.7%	$6.7M	$0-100.0%	$200K-96.5%	$5.7M

KW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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	4.8%+11.1pp	-6.3%+43.7pp	-50.0%-68.9pp	18.9%-55.3pp	74.2%+50.4pp	23.7%
Return on Equity	1.6%+3.7pp	-2.1%+13.9pp	-16.0%-21.2pp	5.2%-13.7pp	18.9%+12.4pp	6.6%
Return on Assets	0.4%+0.8pp	-0.5%+3.2pp	-3.6%-4.9pp	1.2%-3.0pp	4.3%+2.8pp	1.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.29-0.0	3.33-0.0	3.37+0.2	3.19-0.2	3.42-0.0	3.44
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	59.9%	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	20.9%-27.2pp	48.1%+56.9pp	-8.8%-12.9pp	4.1%+27.2pp	-23.1%-55.3pp	32.3%+84.6pp	-52.4%-15.8pp	-36.6%
Return on Equity	1.6%-2.2pp	3.8%+4.5pp	-0.7%-1.0pp	0.4%+2.3pp	-1.9%-4.6pp	2.7%+6.9pp	-4.1%-1.3pp	-2.9%
Return on Assets	0.4%-0.5pp	0.9%+1.0pp	-0.1%-0.2pp	0.1%+0.5pp	-0.4%-1.0pp	0.6%+1.5pp	-0.9%-0.3pp	-0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.49+0.2	3.29-0.1	3.36+0.0	3.33-0.2	3.57+0.2	3.33-0.3	3.59+0.1	3.46
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

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

Kennedy-Wilson Holdings Inc (KW) reported $501.0M in total revenue for fiscal year 2025. This represents a -5.7% 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 5.7% year-over-year, from $531.4M to $501.0M in fiscal year 2025.

Is Kennedy-Wilson Holdings Inc profitable?

Yes, Kennedy-Wilson Holdings Inc (KW) reported a net income of $23.8M in fiscal year 2025, with a net profit margin of 4.8%.

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

Kennedy-Wilson Holdings Inc (KW) had a net profit margin of 4.8% in fiscal year 2025, 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 $0.48 per share in dividends during fiscal year 2025.

What is Kennedy-Wilson Holdings Inc's return on equity (ROE)?

Kennedy-Wilson Holdings Inc (KW) has a return on equity of 1.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

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

Kennedy-Wilson Holdings Inc (KW) generated $11.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

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

Kennedy-Wilson Holdings Inc (KW) had $6.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Kennedy-Wilson Holdings Inc buy back shares?

Yes, Kennedy-Wilson Holdings Inc (KW) spent $9.2M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

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

Kennedy-Wilson Holdings Inc (KW) had 138M shares outstanding as of fiscal year 2025.

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

Kennedy-Wilson Holdings Inc (KW) had a debt-to-equity ratio of 3.29 as of fiscal year 2025, 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 0.4% for fiscal year 2025, 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 3 out of 9, indicating weak 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 to 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 0.48x, considered low quality (accrual-driven). 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.

How financially healthy is Kennedy-Wilson Holdings Inc?

Kennedy-Wilson Holdings Inc (KW) scores 11 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.