Kennedy-Wilson Holdings Inc Financials
Kennedy-Wilson Holdings Inc (KW) reported $501.0M in revenue for fiscal year 2025, down 5.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
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
Across FY2023-FY2025, net income swung from
Financial Health Signals
Kennedy-Wilson Holdings Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Kennedy-Wilson Holdings Inc passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
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
Earnings & Revenue
Kennedy-Wilson Holdings Inc generated $501.0M in revenue in fiscal year 2025. This represents a decrease of 5.7% from the prior year.
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.
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.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Kennedy-Wilson Holdings Inc held $184.5M in cash as of fiscal year 2025; long-term debt is not reported for that period.
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.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
KW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $489.9M | $501.0M-5.7% | $531.4M-5.5% | $562.6M+4.2% | $540.0M+19.0% | $453.6M-0.1% | $454.0M-20.2% | $568.8M-26.4% | $772.4M-3.7% | $801.8M+16.1% | $690.4M | N/A | N/A | N/A | N/A | $62.6M |
| SG&A Expenses | $36.4M | $36.4M-6.2% | $38.8M+8.7% | $35.7M-4.0% | $37.2M+11.7% | $33.3M-3.8% | $34.6M-18.4% | $42.4M-16.5% | $50.8M+20.4% | $42.2M-7.0% | $45.4M+3.7% | $43.8M+4.0% | $42.1M+71.1% | $24.6M+26.2% | $19.5M+34.9% | $14.5M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $108.8M-21.2% | $138.1M+7.6% | $128.4M+158.4% | $49.7M+222.7% | $15.4M+366.7% | $3.3M-80.6% | $17.0M |
| Interest Expense | N/A | N/A | N/A | $259.2M+17.4% | $220.8M+14.8% | $192.4M-4.7% | $201.9M-5.7% | $214.2M-10.1% | $238.2M+9.4% | $217.7M+13.6% | $191.6M+22.3% | $156.7M+174.4% | $57.1M+43.1% | $39.9M+52.9% | $26.1M+27.3% | $20.5M |
| Income Tax | $7.0M | $13.6M+33.3% | $10.2M+118.4% | -$55.3M-252.8% | $36.2M-71.3% | $126.2M+189.4% | $43.6M+5.3% | $41.4M-28.6% | $58.0M+455.8% | -$16.3M-216.4% | $14.0M-73.8% | $53.4M+64.8% | $32.4M+1017.2% | $2.9M+1550.0% | -$200K+90.1% | -$2.0M |
| Net Income | $77.9M | $23.8M+170.6% | -$33.7M+88.0% | -$281.4M-376.2% | $101.9M-69.7% | $336.4M+212.1% | $107.8M-66.4% | $321.1M+51.4% | $212.1M+111.0% | $100.5M+1694.6% | $5.6M-92.5% | $74.7M+241.1% | $21.9M+442.2% | -$6.4M-252.4% | $4.2M-33.8% | $6.3M |
| EPS (Diluted) | — | -$0.28+50.0% | -$0.56 | -$2.46 | $0.47-79.0% | $2.24+239.4% | $0.66-58.2% | $1.58+51.9% | $1.04 | $0.83 | $0.01 | $0.66+371.4% | $0.14 | -$0.21-200.0% | -$0.07+50.0% | -$0.14 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
KW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.6B-4.9% | $7.0B-9.7% | $7.7B-6.8% | $8.3B+5.0% | $7.9B+7.5% | $7.3B+0.3% | $7.3B-1.0% | $7.4B-4.4% | $7.7B+0.9% | $7.7B+0.8% | $7.6B+20.0% | $6.3B+252.0% | $1.8B+40.1% | $1.3B+61.9% | $792.8M |
| Cash & Equivalents | $184.5M-15.2% | $217.5M-30.7% | $313.7M-28.6% | $439.3M-16.3% | $524.8M-45.6% | $965.1M+68.2% | $573.9M+17.6% | $488.0M+38.9% | $351.3M-60.3% | $885.7M+21.1% | $731.6M-22.0% | $937.7M+426.2% | $178.2M+47.4% | $120.9M+4.3% | $115.9M |
| Accounts Receivable | $38.8M+0.3% | $38.7M-32.5% | $57.3M+40.4% | $40.8M+13.0% | $36.1M-24.6% | $47.9M-8.1% | $52.1M-8.0% | $56.6M-9.7% | $62.7M+42.5% | $44.0M-19.6% | $54.7M-1.6% | $55.6M+234.9% | $16.6M+361.1% | $3.6M+15.6% | $3.1M |
| Goodwill | $23.9M0.0% | $23.9M0.0% | $23.9M0.0% | $23.9M0.0% | $23.9M0.0% | $23.9M0.0% | $23.9M0.0% | $23.9M0.0% | $23.9M0.0% | $23.9M0.0% | $23.9M0.0% | $23.9M0.0% | $23.9M-0.4% | $24.0M+0.1% | $24.0M |
| Total Liabilities | $5.0B-5.2% | $5.3B-10.0% | $5.9B-5.6% | $6.3B+3.1% | $6.1B+7.4% | $5.7B+1.3% | $5.6B-6.1% | $6.0B-3.2% | $6.1B+15.7% | $5.3B-17.8% | $6.5B+19.0% | $5.4B+454.2% | $979.9M+28.1% | $765.0M+101.7% | $379.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $4.4B+46.7% | $3.0B+252.6% | $850.8M+24.0% | $686.2M+114.4% | $320.1M |
| Total Equity | $1.5B-4.1% | $1.6B-8.8% | $1.8B-10.6% | $2.0B+10.5% | $1.8B+8.1% | $1.6B-2.0% | $1.7B+34.7% | $1.2B-8.7% | $1.4B+30.3% | $1.0B-7.6% | $1.1B+25.8% | $901.1M+17.3% | $768.3M+50.7% | $509.7M+24.2% | $410.2M |
| Retained Earnings | -$594.3M-20.4% | -$493.7M-41.5% | -$349.0M-385.8% | $122.1M-36.5% | $192.4M+987.0% | $17.7M-61.7% | $46.2M+181.9% | -$56.4M+37.7% | -$90.6M+19.3% | -$112.2M-153.8% | -$44.2M+28.7% | -$62.0M-46.9% | -$42.2M-615.3% | -$5.9M-160.8% | $9.7M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities.
KW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$24.6M | $11.4M-79.3% | $55.1M+12.7% | $48.9M+48.6% | $32.9M+208.6% | -$30.3M-140.5% | -$12.6M+35.4% | -$19.5M-120.9% | $93.1M+27.5% | $73.0M-29.1% | $102.9M-42.3% | $178.2M+81.7% | $98.1M+213.4% | $31.3M+87.4% | $16.7M+387.2% | $3.4M |
| Investing Cash Flow | $629.9M | $525.8M+26.9% | $414.2M+3640.2% | -$11.7M+96.8% | -$361.6M+65.2% | -$1.0B-275.7% | $590.8M+224.1% | $182.3M-69.3% | $593.1M+944.9% | -$70.2M+75.5% | -$286.7M+80.7% | -$1.5B+40.0% | -$2.5B-609.1% | -$348.8M+12.7% | -$399.7M-92.6% | -$207.6M |
| Financing Cash Flow | -$769.4M | -$560.0M+1.0% | -$565.5M-243.1% | -$164.8M-162.4% | $264.2M-58.2% | $632.0M+405.9% | -$206.6M-140.8% | -$85.8M+83.8% | -$528.8M+6.5% | -$565.3M-234.7% | $419.8M-62.5% | $1.1B-64.6% | $3.2B+751.8% | $371.4M-4.4% | $388.4M+42.5% | $272.6M |
| Dividends Paid | $66.4M | $68.0M-32.1% | $100.2M-26.3% | $136.0M+1.0% | $134.6M+9.0% | $123.5M-2.1% | $126.1M+9.7% | $114.9M+3.3% | $111.2M+87.8% | $59.2M-8.6% | $64.8M+25.1% | $51.8M+33.2% | $38.9M+61.4% | $24.1M+10.0% | $21.9M+87.2% | $11.7M |
| Share Buybacks | $14.3M | $9.2M-38.7% | $15.0M-28.2% | $20.9M-33.0% | $31.2M-62.5% | $83.2M+44.9% | $57.4M+177.3% | $20.7M-88.4% | $177.9M+162.8% | $67.7M+4.5% | $64.8M+468.4% | $11.4M+39.0% | $8.2M+115.8% | $3.8M | $0-100.0% | $547K |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
KW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 13.6%-6.4pp | 20.0% | N/A | N/A | N/A | N/A | 27.1% |
| Net Margin | 4.8%+11.1pp | -6.3%+43.7pp | -50.0%-68.9pp | 18.9%-55.3pp | 74.2%+50.4pp | 23.7%-32.7pp | 56.5%+29.0pp | 27.5%+14.9pp | 12.5%+11.7pp | 0.8% | N/A | N/A | N/A | N/A | 10.1% |
| 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%-12.6pp | 19.1%+2.1pp | 17.0%+9.7pp | 7.4%+6.8pp | 0.5%-6.1pp | 6.6%+4.2pp | 2.4%+3.3pp | -0.8%-1.7pp | 0.8%-0.7pp | 1.6% |
| 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%-2.9pp | 4.4%+1.5pp | 2.9%+1.6pp | 1.3%+1.2pp | 0.1%-0.9pp | 1.0%+0.6pp | 0.4%+0.7pp | -0.4%-0.7pp | 0.3%-0.5pp | 0.8% |
| Debt-to-Equity | 3.290.0x | 3.330.0x | 3.37+0.2x | 3.19-0.2x | 3.420.0x | 3.44+0.1x | 3.33-1.4x | 4.77+0.3x | 4.50-0.6x | 5.07+1.2x | 3.88+0.6x | 3.33+2.2x | 1.11-0.2x | 1.35+0.6x | 0.78 |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.
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Where Kennedy-Wilson Holdings Inc Ranks
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.
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 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.