Kennedy-Wilson (KW) Financials

$6.36 +0.29 (+4.78%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$6.37 +0.01 (+0.16%)

As of 05/27/2025 04:04 PM Eastern

Annual Income Statements for Kennedy-Wilson

This table shows Kennedy-Wilson's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	-77	-342	65	313	93	224	150	101	2.80	71	14
Consolidated Net Income / (Loss)	-34	-281	102	336	108	321	212	138	77	59	90
Net Income / (Loss) Continuing Operations	-34	-281	102	336	108	321	212	138	77	59	90
Total Pre-Tax Income	-24	-337	138	463	151	363	270	122	91	112	123
Total Operating Income	229	182	117	293	-54	154	4.30	104	145	128	50
Total Gross Profit	239	233	219	535	193	414	263	286	242	359	228
Total Revenue	531	563	540	843	454	749	772	802	690	604	399
Operating Revenue	531	563	540	843	454	749	772	802	690	604	399
Total Cost of Revenue	292	330	321	308	261	335	510	516	448	245	171
Operating Cost of Revenue	292	330	321	308	261	335	510	516	448	245	171
Total Operating Expenses	10	51	102	242	247	260	259	181	97	231	178
Selling, General & Admin Expense	39	36	37	33	35	42	51	42	45	44	42
Depreciation Expense	148	158	173	166	180	188	206	213	198	166	105
Other Operating Expenses / (Income)	-17	-15	-4.30	42	32	30	-	-	-	111	80
Other Special Charges / (Income)	-160	-128	-104	-	-	-	-	-78	-156	-97	-54
Total Other Income / (Expense), net	-252	-519	21	170	206	209	266	17	-54	-16	73
Interest Expense	263	261	193	46	211	215	238	218	192	157	84
Interest & Investment Income	6.50	-253	178	-192	81	-	79	-	-	-	-46
Other Income / (Expense), net	4.20	-5.00	36	408	336	424	425	235	137	141	204
Income Tax Expense	10	-55	36	126	44	41	58	-16	14	53	32
Preferred Stock Dividends Declared	44	38	29	17	17	2.60	0.00	0.00	2.80	3.60	8.10
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.70	22	8.20	6.00	-2.30	94	62	38	71	-16	68
Basic Earnings per Share	($0.56)	($2.46)	$0.47	$2.26	$0.66	$1.60	$1.04	$0.83	$0.01	$0.66	$0.14
Weighted Average Basic Shares Outstanding	137.78M	138.93M	136.90M	138.55M	139.74M	139.73M	142.90M	119.15M	109.09M	103.26M	89.20M
Diluted Earnings per Share	($0.56)	($2.46)	$0.47	$2.24	$0.66	$1.58	$1.04	$0.83	$0.01	$0.66	$0.14
Weighted Average Diluted Shares Outstanding	137.78M	138.93M	138.57M	140.13M	140.35M	141.50M	144.75M	119.15M	109.09M	109.55M	91.56M
Weighted Average Basic & Diluted Shares Outstanding	138.01M	138.98M	137.97M	137.87M	141.08M	142.17M	142.98M	151.03M	109.09M	103.26M	89.20M
Cash Dividends to Common per Share	$0.60	$0.96	$0.96	$0.90	$0.88	$0.85	$0.78	$0.70	$0.56	$0.48	$0.36

This table shows Kennedy-Wilson's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-41	33	-77	-59	27	-248	-92	39	-41	23	16
Consolidated Net Income / (Loss)	-30	44	-67	-48	38	-236	-64	47	-29	39	24
Net Income / (Loss) Continuing Operations	-30	44	-67	-48	38	-236	-64	47	-29	39	24
Total Pre-Tax Income	-35	50	-78	-60	64	-278	-84	58	-33	53	38
Total Operating Income	21	186	23	3.70	16	103	54	12	13	-35	22
Total Gross Profit	63	78	59	45	57	46	65	60	63	-102	71
Total Revenue	128	170	128	114	120	152	144	145	122	69	152
Operating Revenue	128	170	128	114	120	152	144	145	122	69	152
Total Cost of Revenue	65	92	69	69	63	107	79	85	59	171	81
Operating Cost of Revenue	65	92	69	69	63	107	79	85	59	171	81
Total Operating Expenses	43	-108	35	41	42	-57	11	48	49	-67	49
Selling, General & Admin Expense	10	11	10	9.50	8.30	10	8.40	8.70	8.40	11	9.20
Depreciation Expense	34	36	37	36	39	40	39	40	39	40	46
Other Operating Expenses / (Income)	-2.70	-1.10	-5.50	-4.50	-5.50	-9.60	-6.00	-1.10	1.60	-15	-6.60
Other Special Charges / (Income)	0.80	-	-6.20	-	-	-	-30	-	-	-	-
Total Other Income / (Expense), net	-55	-137	-101	-64	49	-381	-138	46	-46	88	15
Interest Expense	61	195	67	0.50	-0.30	195	64	1.70	-0.10	191	1.30
Interest & Investment Income	11	155	-20	-64	-65	-51	-74	-66	-62	339	-57
Other Income / (Expense), net	-5.20	-96	-13	0.50	113	-135	0.70	113	16	-61	74
Income Tax Expense	-4.90	6.00	-11	-12	27	-42	-20	10	-3.90	14	14
Preferred Stock Dividends Declared	11	11	11	11	11	11	11	8.40	7.90	7.90	7.90
Net Income / (Loss) Attributable to Noncontrolling Interest	0.30	-0.30	-0.20	-0.10	-0.10	1.00	17	-0.10	4.20	8.70	-0.70
Basic Earnings per Share	($0.30)	$0.24	($0.56)	($0.43)	$0.19	($1.78)	($0.66)	$0.28	($0.30)	$0.17	$0.12
Weighted Average Basic Shares Outstanding	137.75M	137.78M	137.41M	137.59M	138.47M	138.93M	139.39M	139.39M	137.95M	136.90M	136.84M
Diluted Earnings per Share	($0.30)	$0.24	($0.56)	($0.43)	$0.19	($1.78)	($0.66)	$0.28	($0.30)	$0.18	$0.12
Weighted Average Diluted Shares Outstanding	137.75M	137.78M	137.41M	137.59M	138.63M	138.93M	139.39M	139.55M	137.95M	138.57M	137.08M
Weighted Average Basic & Diluted Shares Outstanding	138.29M	138.01M	137.41M	137.41M	137.53M	138.98M	139.39M	139.39M	139.39M	137.97M	137.79M
Cash Dividends to Common per Share	$0.12	$0.12	$0.12	$0.12	$0.24	$0.24	$0.24	$0.24	$0.24	$0.24	$0.24

This table details how cash moves in and out of Kennedy-Wilson's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	-96	-126	-86	-440	391	86	137	-534	154	-206	760
Net Cash From Operating Activities	55	49	33	-30	-13	-20	93	73	103	178	98
Net Cash From Continuing Operating Activities	55	49	33	-30	-13	-20	93	73	103	178	98
Net Income / (Loss) Continuing Operations	-34	-281	102	336	108	321	212	138	77	59	90
Consolidated Net Income / (Loss)	-34	-281	102	336	108	321	212	138	77	59	90
Depreciation Expense	148	158	173	166	180	188	206	213	198	166	105
Amortization Expense	0.80	6.60	3.70	25	-0.90	6.30	0.60	2.50	3.10	0.20	-10
Non-Cash Adjustments To Reconcile Net Income	-70	239	-195	-678	-314	-506	-397	-218	-145	-166	-176
Changes in Operating Assets and Liabilities, net	9.50	-74	-51	120	15	-29	71	-62	-30	118	90
Net Cash From Investing Activities	414	-12	-362	-1,038	591	182	593	-70	-287	-1,484	-2,473
Net Cash From Continuing Investing Activities	414	-12	-362	-1,038	591	182	593	-70	-287	-1,484	-2,473
Purchase of Property, Plant & Equipment	-132	-217	-161	-139	-264	-211	-572	-814	-950	-1,928	-1,962
Acquisitions	-125	-167	-361	-281	-112	-266	-401	-80	-125	-188	-215
Purchase of Investments	-17	-2.10	-419	-1,162	-29	-191	-0.80	-1.20	-11	-10	-14
Sale of Property, Plant & Equipment	590	384	326	486	828	701	1,467	659	540	623	25
Sale and/or Maturity of Investments	138	141	304	141	222	149	88	149	275	256	231
Other Investing Activities, net	-40	-150	-51	-83	-54	0.30	-31	18	-16	-236	-537
Net Cash From Financing Activities	-566	-165	264	632	-207	-86	-529	-565	420	1,119	3,163
Net Cash From Continuing Financing Activities	-566	-165	264	632	-207	-86	-529	-565	420	1,119	3,163
Repayment of Debt	-931	-632	-785	-2,397	-492	-607	-1,326	-1,249	-744	-923	-865
Repurchase of Common Equity	-15	-21	-31	-83	-57	-21	-178	-68	-65	-11	-8.20
Payment of Dividends	-150	-199	-171	-159	-159	-382	-244	-944	-378	-359	-148
Issuance of Debt	531	459	930	3,264	496	614	1,197	1,648	1,565	2,183	2,146
Issuance of Preferred Equity	-0.20	197	297	0.00	0.00	295	0.00	0.00	-	-	-
Issuance of Common Equity	0.50	31	25	7.80	4.50	15	23	47	42	230	2,038
Effect of Exchange Rate Changes	0.00	2.00	-21	-4.00	20	8.90	-21	28	-82	-20	-29
Cash Interest Paid	256	252	214	184	210	211	225	207	171	134	99
Cash Interest Received	26	24	0.90	-1.20	-	-	-	-	-	-	-
Cash Income Taxes Paid	9.20	22	20	17	13	21	6.60	16	11	3.00	0.30

This table details how cash moves in and out of Kennedy-Wilson's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	139	-150	0.60	-175	228	-17	-56	38	-90	19	-40
Net Cash From Operating Activities	-52	30	-5.60	37	-5.60	52	-0.40	65	-67	38	17
Net Cash From Continuing Operating Activities	-52	30	-5.60	37	-5.60	52	-0.40	65	-67	38	17
Net Income / (Loss) Continuing Operations	-30	44	-67	-48	38	-236	-64	47	-29	39	24
Consolidated Net Income / (Loss)	-30	44	-67	-48	38	-236	-64	47	-29	39	24
Depreciation Expense	34	36	37	36	39	40	39	40	39	40	46
Amortization Expense	7.00	-5.90	6.40	0.40	-0.10	7.00	-5.00	3.60	1.00	4.50	-0.60
Non-Cash Adjustments To Reconcile Net Income	9.30	-64	33	40	-79	228	64	-61	8.40	-94	-7.50
Changes in Operating Assets and Liabilities, net	-73	19	-15	8.20	-3.10	13	-34	35	-87	48	-45
Net Cash From Investing Activities	-23	156	85	-71	245	8.90	39	-97	37	-2.80	117
Net Cash From Continuing Investing Activities	-23	156	84	-71	245	8.90	39	-97	37	-2.80	117
Purchase of Property, Plant & Equipment	-7.80	-21	-22	-37	-52	-71	-53	-54	-39	-52	-50
Acquisitions	-22	-38	-28	-31	-28	-47	-27	-44	-50	-34	-64
Purchase of Investments	-26	-	-9.20	-	-	-2.10	3.40	-	-	-10	-54
Sale of Property, Plant & Equipment	13	132	127	2.40	328	101	109	62	112	58	145
Sale and/or Maturity of Investments	31	89	29	14	5.80	51	32	40	18	46	153
Other Investing Activities, net	-11	-5.70	-13	-12	-9.50	-24	-25	-98	-3.50	-12	-14
Net Cash From Financing Activities	219	-328	-86	-142	-9.80	-77	-93	66	-61	-43	-153
Net Cash From Continuing Financing Activities	219	-328	-86	-142	-9.80	-77	-93	66	-61	-43	-153
Repayment of Debt	-4.80	-618	-70	-115	-128	-60	-67	-142	-364	-144	-311
Repurchase of Common Equity	-6.70	-	-0.20	-5.70	-9.10	-7.50	-	-	-13	0.70	-0.80
Payment of Dividends	-30	-30	-29	-45	-46	-47	-61	-42	-49	-41	-52
Issuance of Debt	170	320	14	24	173	38	35	51	335	121	207
Issuance of Common Equity	0.00	0.50	-	0.10	-0.10	0.20	-	1.50	29	20	4.60
Other Financing Activities, net	91	-	-	-	-	-	-	-	-	-	-
Effect of Exchange Rate Changes	-4.90	-7.50	7.50	1.20	-1.20	-0.90	-1.80	3.60	1.10	27	-21
Cash Interest Paid	78	55	82	39	81	75	65	34	78	50	68
Cash Interest Received	3.00	-	-	-	-	-	-	-	-	-	-
Cash Income Taxes Paid	1.80	2.20	4.90	1.00	1.10	5.10	5.30	3.00	8.40	4.70	7.80

This table presents Kennedy-Wilson's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	6,961	7,712	8,272	7,877	7,329	7,305	7,382	7,725	7,657	7,596	6,332
Total Current Assets	256	371	480	561	1,013	626	545	499	1,017	537	544
Cash & Equivalents	218	314	439	525	965	574	488	351	886	183	175
Accounts Receivable	39	57	41	36	48	52	57	63	44	55	56
Plant, Property, & Equipment, net	4,290	4,837	5,188	5,060	4,721	5,080	5,703	6,444	5,814	5,798	0.00
Total Noncurrent Assets	2,415	2,504	2,604	2,256	1,596	1,598	1,135	782	825	1,261	5,789
Long-Term Investments	2,042	2,069	2,238	1,948	1,289	1,327	860	519	556	445	492
Noncurrent Note & Lease Receivables	231	247	149	-	107	-	-	-	-	-	-
Other Noncurrent Operating Assets	141	188	216	308	199	272	275	263	269	816	5,296
Total Liabilities & Shareholders' Equity	6,961	7,712	8,272	7,877	7,329	7,305	7,382	7,725	7,657	7,596	6,332
Total Liabilities	5,325	5,914	6,261	6,073	5,656	5,585	5,951	6,147	5,314	4,731	3,288
Total Current Liabilities	540	616	674	638	562	538	538	485	423	414	265
Accounts Payable	11	18	16	19	30	20	24	20	11	22	12
Accrued Expenses	529	598	658	619	532	518	514	466	412	392	253
Total Noncurrent Liabilities	4,785	5,298	5,587	5,435	5,095	5,047	5,413	5,662	4,890	4,316	3,000
Long-Term Debt	4,785	5,298	5,587	5,435	5,095	5,047	5,413	5,662	4,890	4,316	3,000
Total Equity & Noncontrolling Interests	1,636	1,798	2,010	1,804	1,673	1,719	1,431	1,578	2,343	2,865	3,044
Total Preferred & Common Equity	1,601	1,755	1,964	1,778	1,645	1,679	1,247	1,366	1,048	1,134	901
Preferred Stock	790	790	593	295	295	295	0.00	-	-	0.00	0.00
Total Common Equity	812	965	1,372	1,482	1,349	1,384	1,247	1,366	1,048	1,134	901
Common Stock	1,713	1,719	1,680	1,680	1,725	1,755	1,745	1,883	1,231	1,226	991
Retained Earnings	-494	-349	122	192	18	46	-56	-91	-112	-44	-62
Accumulated Other Comprehensive Income / (Loss)	-408	-404	-430	-390	-394	-417	-442	-427	-71	-48	-28
Noncontrolling Interest	35	43	46	26	28	41	185	212	1,295	1,731	2,143

This table presents Kennedy-Wilson's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	7,157	7,444	7,495	7,680	7,910	8,194	8,150	8,085
Total Current Assets	392	410	408	584	378	427	391	458
Cash & Equivalents	357	367	367	542	331	387	349	420
Accounts Receivable	35	43	41	43	47	40	41	38
Plant, Property, & Equipment, net	4,337	4,571	4,605	4,604	4,850	4,982	5,129	5,077
Total Noncurrent Assets	2,429	2,463	2,482	2,492	2,682	2,785	2,631	2,549
Long-Term Investments	2,085	2,053	2,056	2,060	2,233	2,321	2,267	2,130
Noncurrent Note & Lease Receivables	205	248	248	250	238	-	-	-
Other Noncurrent Operating Assets	139	162	178	182	212	464	363	419
Total Liabilities & Shareholders' Equity	7,157	7,444	7,495	7,680	7,910	8,194	8,150	8,085
Total Liabilities	5,565	5,791	5,785	5,895	5,858	5,993	6,179	6,141
Total Current Liabilities	567	558	563	578	607	659	593	614
Accounts Payable	9.10	9.80	12	16	14	16	13	11
Accrued Expenses	558	548	551	563	593	642	580	603
Total Noncurrent Liabilities	4,998	5,233	5,222	5,317	5,251	5,335	5,586	5,527
Long-Term Debt	4,998	5,233	5,222	5,317	5,251	5,335	5,586	5,527
Total Equity & Noncontrolling Interests	1,592	1,653	1,710	1,785	2,052	2,201	1,971	1,943
Total Preferred & Common Equity	1,558	1,614	1,670	1,743	2,009	2,154	1,925	1,926
Preferred Stock	790	790	790	790	791	791	593	593
Total Common Equity	768	824	880	953	1,218	1,364	1,332	1,334
Common Stock	1,712	1,706	1,701	1,707	1,718	1,711	1,703	1,672
Retained Earnings	-551	-510	-417	-347	-72	53	48	133
Accumulated Other Comprehensive Income / (Loss)	-393	-372	-404	-407	-427	-400	-418	-471
Noncontrolling Interest	34	39	41	42	44	46	47	17

This table displays calculated financial ratios and metrics derived from Kennedy-Wilson's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.55%	4.19%	-35.91%	85.59%	-39.35%	-3.09%	-3.67%	16.14%	14.36%	51.46%	223.80%
EBITDA Growth	11.90%	3.55%	-63.07%	93.79%	-40.31%	21.25%	14.77%	14.69%	10.97%	25.42%	299.65%
EBIT Growth	31.60%	15.62%	-78.16%	148.65%	-51.21%	34.45%	26.58%	20.31%	4.83%	6.28%	269.64%
NOPAT Growth	25.67%	47.62%	-59.52%	655.18%	-128.17%	3,934.63%	-97.15%	-3.28%	81.61%	84.38%	186.89%
Net Income Growth	88.02%	-376.15%	-69.71%	212.06%	-66.43%	51.39%	53.70%	80.39%	29.66%	-34.52%	548.20%
EPS Growth	77.24%	-623.40%	-79.02%	239.39%	-58.23%	51.92%	25.30%	8,200.00%	-98.48%	371.43%	166.67%
Operating Cash Flow Growth	12.68%	48.63%	208.58%	-140.48%	35.38%	-120.95%	27.53%	-29.06%	-42.26%	81.65%	213.42%
Free Cash Flow Firm Growth	113.53%	595.57%	-66.15%	-112.89%	-58.97%	-12.49%	291.11%	-151.84%	181.42%	76.84%	-3,511.97%
Invested Capital Growth	-11.72%	-4.20%	3.22%	5.62%	-7.25%	-11.47%	-13.70%	9.96%	-11.63%	21.36%	701.96%
Revenue Q/Q Growth	103.76%	-14.52%	-36.31%	46.95%	-13.24%	-0.17%	-0.32%	1.74%	0.17%	2.24%	51.96%
EBITDA Q/Q Growth	1,546.12%	-24.97%	-47.09%	-5.67%	-18.02%	68.86%	-16.35%	11.06%	2.00%	24.74%	-0.09%
EBIT Q/Q Growth	263.71%	-39.48%	-65.95%	-6.61%	-25.94%	118.95%	-20.62%	13.40%	5.38%	29.94%	-7.42%
NOPAT Q/Q Growth	197.19%	52.60%	-64.53%	477.19%	-122.85%	288.06%	-94.65%	-20.24%	21.63%	170.14%	26.71%
Net Income Q/Q Growth	89.24%	-4,366.67%	-4.77%	-27.59%	14.44%	64.58%	-25.50%	77.84%	28.14%	478.43%	-29.94%
EPS Q/Q Growth	78.29%	-392.00%	-17.54%	0.00%	0.00%	135.82%	-37.72%	538.46%	-94.74%	3,200.00%	-60.00%
Operating Cash Flow Q/Q Growth	-28.53%	40.11%	-33.80%	67.03%	-186.30%	48.95%	164.49%	-52.63%	-27.74%	40.76%	-26.85%
Free Cash Flow Firm Q/Q Growth	554.02%	26.49%	-54.86%	-177.77%	-27.22%	17.43%	-38.64%	-696.22%	307.89%	48.73%	-35.70%
Invested Capital Q/Q Growth	-6.83%	-0.55%	0.00%	2.87%	-2.92%	-0.96%	-2.52%	-9.05%	-14.78%	4.52%	30.86%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.98%	41.36%	40.56%	63.45%	42.42%	55.31%	34.04%	35.63%	35.07%	59.47%	57.12%
EBITDA Margin	71.87%	60.66%	61.04%	105.91%	101.43%	103.07%	82.38%	69.14%	70.02%	72.16%	87.13%
Operating Margin	43.02%	32.33%	21.65%	34.77%	-11.87%	20.55%	0.56%	13.02%	20.97%	21.27%	12.47%
EBIT Margin	43.81%	31.44%	28.33%	83.16%	62.07%	77.17%	55.62%	42.33%	40.86%	44.58%	63.52%
Profit (Net Income) Margin	-6.34%	-50.02%	18.87%	39.92%	23.74%	42.90%	27.46%	17.21%	11.08%	9.77%	22.60%
Tax Burden Percent	143.40%	83.58%	73.79%	72.72%	71.20%	88.58%	78.53%	113.39%	84.53%	52.49%	73.55%
Interest Burden Percent	-10.09%	-190.33%	90.26%	66.02%	53.73%	62.76%	62.87%	35.86%	32.08%	41.77%	48.38%
Effective Tax Rate	0.00%	0.00%	26.21%	27.28%	28.80%	11.42%	21.47%	-13.39%	15.47%	47.51%	26.45%
Return on Invested Capital (ROIC)	3.61%	2.64%	1.78%	4.59%	-0.82%	2.63%	0.06%	1.95%	1.98%	1.13%	1.20%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.52%	-11.39%	2.31%	8.84%	4.07%	7.76%	4.77%	2.42%	0.70%	0.85%	6.05%
Return on Net Nonoperating Assets (RNNOA)	-5.57%	-17.42%	3.56%	14.76%	7.17%	17.76%	14.04%	5.09%	0.95%	0.87%	3.46%
Return on Equity (ROE)	-1.96%	-14.78%	5.34%	19.35%	6.36%	20.38%	14.10%	7.04%	2.94%	2.00%	4.67%
Cash Return on Invested Capital (CROIC)	16.06%	6.93%	-1.39%	-0.87%	6.71%	14.80%	14.77%	-7.54%	14.33%	-18.17%	-154.45%
Operating Return on Assets (OROA)	3.17%	2.21%	1.89%	9.22%	3.85%	7.87%	5.69%	4.41%	3.70%	3.86%	6.23%
Return on Assets (ROA)	-0.46%	-3.52%	1.26%	4.42%	1.47%	4.37%	2.81%	1.79%	1.00%	0.85%	2.22%
Return on Common Equity (ROCE)	-1.02%	-9.07%	4.00%	15.76%	5.12%	17.02%	12.24%	4.33%	1.23%	0.69%	2.02%
Return on Equity Simple (ROE_SIMPLE)	-2.10%	-16.03%	5.19%	18.92%	6.56%	19.13%	17.01%	10.11%	7.30%	5.20%	10.00%
Net Operating Profit after Tax (NOPAT)	160	127	86	213	-38	136	3.38	118	122	67	37
NOPAT Margin	30.11%	22.63%	15.97%	25.29%	-8.45%	18.20%	0.44%	14.76%	17.73%	11.16%	9.17%
Net Nonoperating Expense Percent (NNEP)	7.12%	14.03%	-0.53%	-4.25%	-4.88%	-5.13%	-4.71%	-0.48%	1.29%	0.28%	-4.84%
Return On Investment Capital (ROIC_SIMPLE)	2.49%	1.79%	1.14%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	55.02%	58.64%	59.44%	36.55%	57.58%	44.69%	65.96%	64.37%	64.93%	40.53%	42.88%
SG&A Expenses to Revenue	7.30%	6.35%	6.89%	3.95%	7.62%	5.66%	6.58%	5.26%	6.58%	7.26%	10.56%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	1.96%	9.03%	18.91%	28.67%	54.30%	34.76%	33.48%	22.61%	14.09%	38.20%	44.66%
Earnings before Interest and Taxes (EBIT)	233	177	153	701	282	578	430	339	282	269	253
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	382	341	330	892	461	772	636	554	483	436	347
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.69	1.67	1.39	1.91	1.53	1.77	1.55	1.37	1.52	1.62	1.73
Price to Tangible Book Value (P/TBV)	1.69	1.67	1.39	1.91	1.53	1.77	1.55	1.37	1.52	1.62	1.73
Price to Revenue (P/Rev)	2.58	2.87	3.52	3.36	4.56	3.27	2.51	2.33	2.30	3.04	3.91
Price to Earnings (P/E)	0.00	0.00	29.35	9.04	22.28	10.91	12.92	18.57	567.82	25.81	112.99
Dividend Yield	6.01%	8.28%	6.96%	4.43%	6.03%	4.95%	5.80%	5.68%	3.99%	3.62%	2.31%
Earnings Yield	0.00%	0.00%	3.41%	11.06%	4.49%	9.17%	7.74%	5.39%	0.18%	3.87%	0.89%
Enterprise Value to Invested Capital (EV/IC)	1.13	1.14	1.11	1.28	1.16	1.22	1.13	1.08	1.09	1.11	1.12
Enterprise Value to Revenue (EV/Rev)	8.89	9.54	10.09	7.26	11.53	7.92	8.01	8.57	9.17	12.02	15.14
Enterprise Value to EBITDA (EV/EBITDA)	12.37	15.72	16.54	6.85	11.36	7.68	9.72	12.39	13.10	16.66	17.38
Enterprise Value to EBIT (EV/EBIT)	20.28	30.33	35.62	8.73	18.57	10.26	14.40	20.24	22.45	26.96	23.84
Enterprise Value to NOPAT (EV/NOPAT)	29.51	42.13	63.18	28.70	0.00	43.50	1,832.27	58.03	51.75	107.64	165.10
Enterprise Value to Operating Cash Flow (EV/OCF)	85.70	109.70	165.66	0.00	0.00	0.00	66.45	94.10	61.55	40.71	61.52
Enterprise Value to Free Cash Flow (EV/FCFF)	6.63	16.07	0.00	0.00	16.64	7.73	7.06	0.00	7.16	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.92	2.95	2.78	3.01	3.05	2.94	3.78	3.59	2.09	1.51	0.99
Long-Term Debt to Equity	2.92	2.95	2.78	3.01	3.05	2.94	3.78	3.59	2.09	1.51	0.99
Financial Leverage	1.58	1.53	1.54	1.67	1.77	2.29	2.94	2.10	1.37	1.02	0.57
Leverage Ratio	4.27	4.20	4.23	4.37	4.31	4.66	5.02	3.92	2.93	2.36	2.10
Compound Leverage Factor	-0.43	-7.99	3.82	2.89	2.32	2.93	3.16	1.41	0.94	0.98	1.02
Debt to Total Capital	74.52%	74.66%	73.54%	75.08%	75.28%	74.59%	79.09%	78.21%	67.61%	60.10%	49.64%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	74.52%	74.66%	73.54%	75.08%	75.28%	74.59%	79.09%	78.21%	67.61%	60.10%	49.64%
Preferred Equity to Total Capital	12.30%	11.13%	7.80%	4.08%	4.36%	4.36%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.54%	0.61%	0.61%	0.36%	0.42%	0.60%	2.70%	2.93%	17.90%	24.11%	35.45%
Common Equity to Total Capital	12.64%	13.60%	18.05%	20.48%	19.94%	20.45%	18.22%	18.86%	14.49%	15.79%	14.91%
Debt to EBITDA	12.53	15.52	16.95	6.09	11.06	6.54	8.51	10.21	10.12	9.91	8.64
Net Debt to EBITDA	6.61	8.54	8.83	3.32	6.17	4.08	6.39	8.64	7.13	8.47	6.72
Long-Term Debt to EBITDA	12.53	15.52	16.95	6.09	11.06	6.54	8.51	10.21	10.12	9.91	8.64
Debt to NOPAT	29.90	41.61	64.77	25.51	-132.75	37.05	1,603.01	47.83	39.95	64.04	82.07
Net Debt to NOPAT	15.78	22.89	33.73	13.90	-74.00	23.10	1,203.83	40.47	28.18	54.73	63.83
Long-Term Debt to NOPAT	29.90	41.61	64.77	25.51	-132.75	37.05	1,603.01	47.83	39.95	64.04	82.07
Altman Z-Score	0.19	0.21	0.30	0.70	0.49	0.65	0.48	0.42	0.46	0.44	0.52
Noncontrolling Interest Sharing Ratio	48.27%	38.65%	25.18%	18.55%	19.43%	16.51%	13.18%	38.44%	58.11%	65.56%	56.78%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.47	0.60	0.71	0.88	1.80	1.16	1.01	1.03	2.40	1.30	2.05
Quick Ratio	0.47	0.60	0.71	0.88	1.80	1.16	1.01	1.03	2.40	1.30	2.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	713	334	-67	-41	315	767	876	-458	884	-1,086	-4,690
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	47.04%	25.13%	13.66%	5.06%
Free Cash Flow to Firm to Interest Expense	2.71	1.28	-0.35	-0.89	1.49	3.56	3.68	-2.11	4.62	-6.93	-55.57
Operating Cash Flow to Interest Expense	0.21	0.19	0.17	-0.66	-0.06	-0.09	0.39	0.34	0.54	1.14	1.16
Operating Cash Flow Less CapEx to Interest Expense	1.95	0.83	1.02	6.93	2.61	2.19	4.15	-0.38	-1.60	-7.19	-21.79
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.07	0.07	0.07	0.11	0.06	0.10	0.10	0.10	0.09	0.09	0.10
Accounts Receivable Turnover	11.07	11.47	14.04	20.06	9.08	13.77	12.95	15.03	13.99	10.95	11.04
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.12	0.11	0.11	0.17	0.09	0.14	0.13	0.13	0.12	0.00	0.00
Accounts Payable Turnover	20.38	19.35	18.45	12.65	10.35	15.03	23.37	33.62	26.84	14.44	2.43
Days Sales Outstanding (DSO)	32.97	31.82	25.99	18.19	40.20	26.50	28.19	24.29	26.09	33.34	33.06
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	17.91	18.86	19.79	28.86	35.26	24.28	15.62	10.86	13.60	25.28	150.36
Cash Conversion Cycle (CCC)	15.06	12.96	6.20	-10.66	4.94	2.22	12.57	13.43	12.49	8.06	-117.30
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,161	4,714	4,920	4,766	4,513	4,866	5,496	6,369	5,792	6,554	5,400
Invested Capital Turnover	0.12	0.12	0.11	0.18	0.10	0.14	0.13	0.13	0.11	0.10	0.13
Increase / (Decrease) in Invested Capital	-553	-206	154	254	-353	-630	-873	577	-762	1,154	4,727
Enterprise Value (EV)	4,722	5,364	5,450	6,116	5,233	5,927	6,187	6,869	6,334	7,255	6,035
Market Capitalization	1,373	1,616	1,902	2,832	2,070	2,445	1,938	1,866	1,590	1,835	1,559
Book Value per Share	$5.91	$6.92	$9.95	$10.64	$9.52	$9.71	$8.65	$9.02	$9.25	$9.90	$9.50
Tangible Book Value per Share	$5.91	$6.92	$9.95	$10.64	$9.52	$9.71	$8.65	$9.02	$9.25	$9.90	$9.50
Total Capital	6,421	7,096	7,597	7,239	6,767	6,766	6,844	7,239	7,233	7,181	6,044
Total Debt	4,785	5,298	5,587	5,435	5,095	5,047	5,413	5,662	4,890	4,316	3,000
Total Long-Term Debt	4,785	5,298	5,587	5,435	5,095	5,047	5,413	5,662	4,890	4,316	3,000
Net Debt	2,525	2,915	2,910	2,963	2,840	3,147	4,065	4,791	3,449	3,689	2,333
Capital Expenditures (CapEx)	-458	-167	-165	-347	-564	-490	-895	155	410	1,305	1,938
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-502	-558	-634	-602	-514	-486	-481	-338	-292	-60	104
Debt-free Net Working Capital (DFNWC)	-284	-245	-194	-77	451	88	6.80	13	594	123	279
Net Working Capital (NWC)	-284	-245	-194	-77	451	88	6.80	13	594	123	279
Net Nonoperating Expense (NNE)	194	409	-16	-123	-146	-185	-209	-20	46	8.40	-54
Net Nonoperating Obligations (NNO)	2,525	2,915	2,910	2,963	2,840	3,147	4,065	4,791	3,449	3,689	2,357
Total Depreciation and Amortization (D&A)	149	164	177	192	179	194	207	215	201	167	94
Debt-free, Cash-free Net Working Capital to Revenue	-94.37%	-99.25%	-117.33%	-71.40%	-113.19%	-64.97%	-62.30%	-42.16%	-42.24%	-9.91%	26.12%
Debt-free Net Working Capital to Revenue	-53.44%	-43.49%	-35.98%	-9.11%	99.38%	11.70%	0.88%	1.66%	86.05%	20.34%	69.92%
Net Working Capital to Revenue	-53.44%	-43.49%	-35.98%	-9.11%	99.38%	11.70%	0.88%	1.66%	86.05%	20.34%	69.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.56)	($2.46)	$0.47	$2.26	$0.66	$1.60	$1.04	$0.00	$0.01	$0.66	$0.14
Adjusted Weighted Average Basic Shares Outstanding	137.78M	138.93M	136.90M	138.55M	139.74M	139.73M	142.90M	0.00	109.09M	103.26M	89.20M
Adjusted Diluted Earnings per Share	($0.56)	($2.46)	$0.47	$2.24	$0.66	$1.58	$1.04	$0.00	$0.01	$0.66	$0.14
Adjusted Weighted Average Diluted Shares Outstanding	137.78M	138.93M	138.57M	140.13M	140.35M	141.50M	144.75M	0.00	109.09M	109.55M	91.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	138.01M	138.98M	137.97M	137.87M	141.08M	142.17M	142.98M	0.00	114.90M	114.41M	96.01M
Normalized Net Operating Profit after Tax (NOPAT)	48	38	9.74	213	-38	136	4.71	22	-1.27	16	-3.31
Normalized NOPAT Margin	9.02%	6.76%	1.80%	25.29%	-8.45%	18.20%	0.61%	2.71%	-0.18%	2.70%	-0.83%
Pre Tax Income Margin	-4.42%	-59.85%	25.57%	54.90%	33.35%	48.43%	34.97%	15.18%	13.11%	18.62%	30.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.89	0.68	0.79	15.33	1.33	2.69	1.80	1.56	1.47	1.72	3.00
NOPAT to Interest Expense	0.61	0.49	0.45	4.66	-0.18	0.63	0.01	0.54	0.64	0.43	0.43
EBIT Less CapEx to Interest Expense	2.63	1.32	1.65	22.93	4.00	4.96	5.56	0.85	-0.66	-6.61	-19.96
NOPAT Less CapEx to Interest Expense	2.35	1.13	1.30	12.26	2.49	2.91	3.77	-0.17	-1.50	-7.90	-22.52
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-445.70%	-70.79%	168.11%	47.38%	147.12%	118.81%	115.23%	684.13%	494.51%	609.15%	163.82%
Augmented Payout Ratio	-490.21%	-78.22%	198.72%	72.12%	200.37%	125.26%	199.10%	733.19%	579.22%	628.47%	172.92%

This table displays calculated financial ratios and metrics derived from Kennedy-Wilson's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.94%	11.70%	-11.34%	-21.50%	-1.23%	119.31%	-5.33%	-13.01%	-20.01%	-81.61%	-41.01%
EBITDA Growth	-67.53%	751.06%	-39.57%	-75.74%	139.43%	127.81%	-37.62%	75.68%	-50.95%	-120.89%	-25.22%
EBIT Growth	-88.56%	377.16%	-81.62%	-96.65%	335.14%	66.04%	-43.27%	132.90%	-70.01%	-147.49%	-35.38%
NOPAT Growth	-80.77%	127.52%	-56.98%	-73.72%	-2.64%	380.66%	169.05%	-63.24%	-87.58%	-120.26%	-85.07%
Net Income Growth	-178.51%	118.52%	-4.21%	-202.11%	231.36%	-701.79%	-371.61%	5,355.56%	-171.75%	-11.51%	-67.45%
EPS Growth	-257.89%	113.48%	15.15%	-253.57%	163.33%	-1,088.89%	-650.00%	500.00%	-225.00%	-35.71%	-74.47%
Operating Cash Flow Growth	-826.79%	-42.64%	-1,300.00%	-43.28%	91.64%	37.23%	-102.38%	72.99%	-13.75%	-30.88%	191.30%
Free Cash Flow Firm Growth	-28.99%	157.34%	32.93%	30.03%	638.52%	255.30%	179.93%	134.36%	77.35%	-41.05%	-350.68%
Invested Capital Growth	-7.81%	-11.72%	-5.77%	-6.59%	-8.91%	-4.20%	-3.67%	-4.67%	1.91%	3.22%	6.19%
Revenue Q/Q Growth	-24.53%	33.33%	11.94%	-5.08%	249.63%	5.84%	-0.90%	19.42%	-50.97%	-54.31%	-8.93%
EBITDA Q/Q Growth	-52.83%	125.14%	30.00%	-75.54%	201.76%	-84.01%	-47.81%	141.43%	-45.18%	-135.86%	46.99%
EBIT Q/Q Growth	-82.74%	798.00%	138.10%	-96.74%	160.98%	-159.56%	-56.58%	323.31%	-64.34%	-199.48%	78.25%
NOPAT Q/Q Growth	-91.15%	912.50%	524.32%	-71.64%	107.64%	91.43%	281.46%	5.06%	-68.43%	-283.52%	-47.89%
Net Income Q/Q Growth	-167.73%	165.42%	-38.30%	-228.12%	115.98%	-268.02%	-235.52%	264.81%	-173.21%	66.10%	2,722.22%
EPS Q/Q Growth	-225.00%	142.86%	-30.23%	-326.32%	110.67%	-169.70%	-335.71%	193.33%	-266.67%	50.00%	271.43%
Operating Cash Flow Q/Q Growth	-275.34%	628.57%	-115.26%	755.36%	-110.85%	13,000.00%	-100.62%	196.57%	-278.19%	123.81%	-55.08%
Free Cash Flow Firm Q/Q Growth	-48.91%	147.20%	-9.61%	-28.64%	416.89%	27.69%	-11.59%	395.56%	32.66%	34.28%	61.99%
Invested Capital Q/Q Growth	-0.29%	-6.83%	-0.96%	0.20%	-4.52%	-0.55%	-1.82%	-2.29%	0.42%	0.00%	-2.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	49.34%	45.94%	45.88%	39.60%	47.75%	30.03%	44.85%	41.14%	51.69%	-146.97%	46.68%
EBITDA Margin	44.12%	70.59%	41.80%	36.00%	139.67%	9.26%	61.34%	116.47%	57.61%	-73.05%	93.09%
Operating Margin	16.13%	109.53%	18.12%	3.25%	13.00%	67.54%	37.34%	8.27%	11.03%	-49.86%	14.61%
EBIT Margin	12.08%	52.82%	7.84%	3.69%	107.33%	-21.29%	37.83%	86.35%	24.36%	-137.46%	63.13%
Profit (Net Income) Margin	-23.07%	25.71%	-52.39%	-42.41%	31.42%	-154.99%	-44.58%	32.60%	-23.62%	56.48%	15.54%
Tax Burden Percent	85.80%	87.93%	86.19%	80.37%	58.54%	84.89%	76.49%	82.12%	88.04%	74.10%	62.93%
Interest Burden Percent	-222.58%	55.35%	-775.00%	-1,430.95%	50.00%	857.72%	-154.04%	45.97%	-110.14%	-55.45%	39.10%
Effective Tax Rate	0.00%	12.07%	0.00%	0.00%	41.46%	0.00%	0.00%	17.88%	0.00%	25.90%	37.07%
Return on Invested Capital (ROIC)	1.37%	11.53%	0.72%	0.14%	0.50%	5.52%	3.56%	0.91%	1.09%	-4.12%	1.63%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.31%	7.12%	-2.30%	-1.74%	1.50%	-5.05%	-0.03%	2.23%	-0.24%	-1.91%	1.97%
Return on Net Nonoperating Assets (RNNOA)	-0.48%	11.28%	-3.41%	-2.42%	2.27%	-7.72%	-0.04%	3.03%	-0.34%	-2.94%	3.01%
Return on Equity (ROE)	0.89%	22.81%	-2.69%	-2.28%	2.77%	-2.20%	3.52%	3.95%	0.75%	-7.06%	4.64%
Cash Return on Invested Capital (CROIC)	10.08%	16.06%	2.37%	3.74%	6.41%	6.93%	5.46%	6.04%	-0.55%	-1.39%	-0.91%
Operating Return on Assets (OROA)	0.85%	3.83%	0.27%	0.13%	4.18%	-1.50%	3.11%	6.97%	2.07%	-9.19%	6.75%
Return on Assets (ROA)	-1.63%	1.86%	-1.78%	-1.50%	1.22%	-10.91%	-3.67%	2.63%	-2.00%	3.78%	1.66%
Return on Common Equity (ROCE)	0.45%	11.80%	-1.48%	-1.31%	1.69%	-1.35%	2.25%	2.58%	0.51%	-5.28%	3.49%
Return on Equity Simple (ROE_SIMPLE)	-6.48%	0.00%	-19.42%	-18.60%	-12.34%	0.00%	-0.31%	3.78%	1.72%	0.00%	5.55%
Net Operating Profit after Tax (NOPAT)	14	164	16	2.59	9.13	72	38	9.85	9.38	-26	14
NOPAT Margin	11.29%	96.31%	12.68%	2.27%	7.61%	47.28%	26.14%	6.79%	7.72%	-36.94%	9.20%
Net Nonoperating Expense Percent (NNEP)	1.67%	4.41%	3.02%	1.88%	-1.01%	10.57%	3.59%	-1.31%	1.32%	-2.21%	-0.33%
Return On Investment Capital (ROIC_SIMPLE)	0.22%	2.55%	-	-	-	1.01%	-	-	-	-0.34%	-
Cost of Revenue to Revenue	50.66%	54.06%	54.12%	60.40%	52.25%	69.97%	55.15%	58.86%	48.31%	246.97%	53.32%
SG&A Expenses to Revenue	8.11%	6.35%	8.00%	8.34%	6.92%	6.70%	5.84%	6.00%	6.91%	15.42%	6.06%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	33.20%	-63.59%	27.76%	36.35%	34.75%	-37.52%	7.51%	32.87%	40.66%	-97.12%	32.06%
Earnings before Interest and Taxes (EBIT)	16	90	10	4.20	129	-32	54	125	30	-95	96
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	57	120	53	41	168	14	88	169	70	-51	141
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.56	1.69	1.84	1.52	0.00	1.67	1.57	1.54	1.57	1.39	1.41
Price to Tangible Book Value (P/TBV)	1.56	1.69	1.84	1.52	0.00	1.67	1.57	1.54	1.57	1.39	1.41
Price to Revenue (P/Rev)	2.29	2.58	5.82	4.82	0.00	2.87	2.90	3.16	3.03	3.52	2.22
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	56.59	0.00	29.35	23.62
Dividend Yield	5.53%	6.01%	6.52%	8.64%	11.33%	8.28%	7.00%	6.36%	6.35%	6.96%	7.03%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.77%	0.00%	3.41%	4.23%
Enterprise Value to Invested Capital (EV/IC)	1.10	1.13	1.16	1.10	0.00	1.14	1.15	1.15	1.15	1.11	1.11
Enterprise Value to Revenue (EV/Rev)	8.75	8.89	19.79	17.92	0.00	9.54	8.25	8.36	8.28	10.09	6.45
Enterprise Value to EBITDA (EV/EBITDA)	17.33	12.37	222.44	85.48	0.00	15.72	11.94	10.96	13.08	16.54	8.78
Enterprise Value to EBIT (EV/EBIT)	40.59	20.28	0.00	0.00	0.00	30.33	18.58	16.68	21.71	35.62	12.17
Enterprise Value to NOPAT (EV/NOPAT)	54.24	29.51	0.00	0.00	0.00	42.13	65.10	90.02	86.20	63.18	22.48
Enterprise Value to Operating Cash Flow (EV/OCF)	520.30	85.70	66.93	60.35	0.00	109.70	155.64	106.88	229.57	165.66	110.03
Enterprise Value to Free Cash Flow (EV/FCFF)	10.50	6.63	47.36	28.42	0.00	16.07	20.59	18.65	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.14	2.92	3.17	3.05	2.98	2.95	2.56	2.42	2.83	2.78	2.84
Long-Term Debt to Equity	3.14	2.92	3.17	3.05	2.98	2.95	2.56	2.42	2.83	2.78	2.84
Financial Leverage	1.56	1.58	1.48	1.39	1.51	1.53	1.42	1.36	1.43	1.54	1.53
Leverage Ratio	4.39	4.27	4.14	4.01	4.21	4.20	4.00	3.94	4.02	4.23	4.20
Compound Leverage Factor	-9.78	2.36	-32.12	-57.40	2.11	35.99	-6.17	1.81	-4.43	-2.35	1.64
Debt to Total Capital	75.84%	74.52%	76.00%	75.33%	74.87%	74.66%	71.90%	70.80%	73.91%	73.54%	73.99%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	75.84%	74.52%	76.00%	75.33%	74.87%	74.66%	71.90%	70.80%	73.91%	73.54%	73.99%
Preferred Equity to Total Capital	11.98%	12.30%	11.47%	11.40%	11.12%	11.13%	10.82%	10.49%	7.84%	7.80%	7.93%
Noncontrolling Interests to Total Capital	0.52%	0.54%	0.57%	0.59%	0.60%	0.61%	0.60%	0.61%	0.62%	0.61%	0.22%
Common Equity to Total Capital	11.66%	12.64%	11.96%	12.69%	13.41%	13.60%	16.68%	18.10%	17.63%	18.05%	17.86%
Debt to EBITDA	18.92	12.53	225.57	89.87	28.57	15.52	11.54	10.50	12.83	16.95	8.87
Net Debt to EBITDA	9.68	6.61	121.26	48.18	14.59	8.54	5.91	5.17	6.82	8.83	4.78
Long-Term Debt to EBITDA	18.92	12.53	225.57	89.87	28.57	15.52	11.54	10.50	12.83	16.95	8.87
Debt to NOPAT	59.21	29.90	-31.79	-36.46	-38.70	41.61	62.93	86.24	84.57	64.77	22.73
Net Debt to NOPAT	30.29	15.78	-17.09	-19.54	-19.76	22.89	32.21	42.46	44.95	33.73	12.24
Long-Term Debt to NOPAT	59.21	29.90	-31.79	-36.46	-38.70	41.61	62.93	86.24	84.57	64.77	22.73
Altman Z-Score	0.07	0.13	0.08	0.07	0.00	0.12	0.25	0.32	0.28	0.20	0.33
Noncontrolling Interest Sharing Ratio	49.04%	48.27%	44.89%	42.64%	39.17%	38.65%	36.13%	34.70%	31.18%	25.18%	24.83%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.69	0.47	0.73	0.72	1.01	0.60	0.62	0.65	0.66	0.71	0.75
Quick Ratio	0.69	0.47	0.73	0.72	1.01	0.60	0.62	0.65	0.66	0.71	0.75
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	366	716	290	321	449	278	218	247	-83	-179	-273
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	105.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	5.96	3.67	4.31	641.18	0.00	1.43	3.40	145.03	0.00	-0.94	-209.79
Operating Cash Flow to Interest Expense	-0.85	0.15	-0.08	73.40	0.00	0.26	-0.01	38.06	0.00	0.20	12.92
Operating Cash Flow Less CapEx to Interest Expense	-0.76	0.72	1.48	3.80	0.00	0.42	0.86	42.71	0.00	0.23	86.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.07	0.07	0.03	0.04	0.04	0.07	0.08	0.08	0.08	0.07	0.11
Accounts Receivable Turnover	13.50	11.07	5.77	6.81	7.35	11.47	15.40	16.19	17.09	14.04	20.86
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.12	0.12	0.06	0.06	0.06	0.11	0.13	0.13	0.14	0.11	0.17
Accounts Payable Turnover	23.17	20.38	25.80	22.42	23.43	19.35	31.71	23.67	26.91	18.45	21.13
Days Sales Outstanding (DSO)	27.03	32.97	63.26	53.61	49.67	31.82	23.71	22.54	21.35	25.99	17.50
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	15.75	17.91	14.15	16.28	15.58	18.86	11.51	15.42	13.56	19.79	17.27
Cash Conversion Cycle (CCC)	11.28	15.06	49.11	37.33	34.09	12.96	12.20	7.12	7.79	6.20	0.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,149	4,161	4,466	4,509	4,501	4,714	4,740	4,827	4,941	4,920	4,920
Invested Capital Turnover	0.12	0.12	0.06	0.06	0.07	0.12	0.14	0.13	0.14	0.11	0.18
Increase / (Decrease) in Invested Capital	-352	-553	-274	-318	-440	-206	-180	-237	93	154	287
Enterprise Value (EV)	4,579	4,722	5,161	4,967	0.00	5,364	5,432	5,568	5,693	5,450	5,469
Market Capitalization	1,198	1,373	1,518	1,337	0.00	1,616	1,910	2,105	2,085	1,902	1,882
Book Value per Share	$5.57	$5.91	$6.00	$6.40	$6.88	$6.92	$8.74	$9.78	$9.66	$9.95	$9.68
Tangible Book Value per Share	$5.57	$5.91	$6.00	$6.40	$6.88	$6.92	$8.74	$9.78	$9.66	$9.95	$9.68
Total Capital	6,590	6,421	6,886	6,932	7,102	7,096	7,303	7,535	7,557	7,597	7,471
Total Debt	4,998	4,785	5,233	5,222	5,317	5,298	5,251	5,335	5,586	5,587	5,527
Total Long-Term Debt	4,998	4,785	5,233	5,222	5,317	5,298	5,251	5,335	5,586	5,587	5,527
Net Debt	2,557	2,525	2,813	2,799	2,716	2,915	2,687	2,627	2,969	2,910	2,977
Capital Expenditures (CapEx)	-5.30	-111	-105	35	-277	-31	-56	-7.90	-73	-6.60	-96
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-532	-502	-515	-522	-536	-558	-560	-619	-551	-634	-576
Debt-free Net Working Capital (DFNWC)	-175	-284	-148	-156	6.10	-245	-229	-232	-202	-194	-156
Net Working Capital (NWC)	-175	-284	-148	-156	6.10	-245	-229	-232	-202	-194	-156
Net Nonoperating Expense (NNE)	44	120	83	51	-29	308	102	-37	38	-65	-9.63
Net Nonoperating Obligations (NNO)	2,557	2,525	2,813	2,799	2,716	2,915	2,687	2,627	2,969	2,910	2,977
Total Depreciation and Amortization (D&A)	41	30	43	37	39	47	34	44	40	45	46
Debt-free, Cash-free Net Working Capital to Revenue	-101.62%	-94.37%	-197.55%	-188.38%	-173.79%	-99.25%	-85.03%	-92.84%	-80.13%	-117.33%	-67.91%
Debt-free Net Working Capital to Revenue	-33.48%	-53.44%	-56.79%	-56.12%	1.98%	-43.49%	-34.76%	-34.76%	-29.36%	-35.98%	-18.34%
Net Working Capital to Revenue	-33.48%	-53.44%	-56.79%	-56.12%	1.98%	-43.49%	-34.76%	-34.76%	-29.36%	-35.98%	-18.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.30)	$0.24	($0.56)	($0.43)	$0.19	($1.78)	($0.66)	$0.28	($0.30)	$0.17	$0.12
Adjusted Weighted Average Basic Shares Outstanding	137.75M	137.78M	137.41M	137.59M	138.47M	138.93M	139.39M	139.39M	137.95M	136.90M	136.84M
Adjusted Diluted Earnings per Share	($0.30)	$0.24	($0.56)	($0.43)	$0.19	($1.78)	($0.66)	$0.28	($0.30)	$0.18	$0.12
Adjusted Weighted Average Diluted Shares Outstanding	137.75M	137.78M	137.41M	137.59M	138.63M	138.93M	139.39M	139.55M	137.95M	138.57M	137.08M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	138.29M	138.01M	137.41M	137.41M	137.53M	138.98M	139.39M	139.39M	139.39M	137.97M	137.79M
Normalized Net Operating Profit after Tax (NOPAT)	15	164	12	2.59	9.13	72	16	9.85	9.38	-26	14
Normalized NOPAT Margin	11.73%	96.31%	9.28%	2.27%	7.61%	47.28%	11.34%	6.79%	7.72%	-36.94%	9.20%
Pre Tax Income Margin	-26.89%	29.24%	-60.78%	-52.77%	53.67%	-182.59%	-58.28%	39.70%	-26.83%	76.22%	24.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.25	0.46	0.15	8.40	0.00	-0.17	0.85	73.71	0.00	-0.50	73.77
NOPAT to Interest Expense	0.24	0.84	0.24	5.18	0.00	0.37	0.59	5.80	0.00	-0.13	10.75
EBIT Less CapEx to Interest Expense	0.34	1.03	1.71	-61.20	0.00	-0.01	1.71	78.35	0.00	-0.47	147.31
NOPAT Less CapEx to Interest Expense	0.32	1.41	1.80	-64.42	0.00	0.53	1.45	10.44	0.00	-0.10	84.29
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-133.27%	-445.70%	-53.50%	-64.23%	-91.40%	-70.79%	-3,060.32%	225.31%	539.16%	168.11%	165.42%
Augmented Payout Ratio	-145.74%	-490.21%	-60.68%	-71.41%	-99.12%	-78.22%	-3,261.90%	241.89%	579.82%	198.72%	230.28%

Frequently Asked Questions About Kennedy-Wilson's Financials

When does Kennedy-Wilson's financial year end?

According to the most recent income statement we have on file, Kennedy-Wilson's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Kennedy-Wilson's net income changed over the last 10 years?

Kennedy-Wilson's net income appears to be on a downward trend, with a most recent value of -$33.70 million in 2024, falling from $90.10 million in 2014. The previous period was -$281.40 million in 2023. Check out Kennedy-Wilson's forecast to explore projected trends and price targets.

What is Kennedy-Wilson's operating income?

Kennedy-Wilson's total operating income in 2024 was $228.60 million, based on the following breakdown:

Total Gross Profit: $239 million
Total Operating Expenses: $10.40 million

How has Kennedy-Wilson revenue changed over the last 10 years?

Over the last 10 years, Kennedy-Wilson's total revenue changed from $398.60 million in 2014 to $531.40 million in 2024, a change of 33.3%.

How much debt does Kennedy-Wilson have?

Kennedy-Wilson's total liabilities were at $5.33 billion at the end of 2024, a 10.0% decrease from 2023, and a 61.9% increase since 2014.

How much cash does Kennedy-Wilson have?

In the past 10 years, Kennedy-Wilson's cash and equivalents has ranged from $174.60 million in 2014 to $965.10 million in 2020, and is currently $217.50 million as of their latest financial filing in 2024.

How has Kennedy-Wilson's book value per share changed over the last 10 years?

Over the last 10 years, Kennedy-Wilson's book value per share changed from 9.50 in 2014 to 5.91 in 2024, a change of -37.9%.

Related Companies

This page (NYSE:KW) was last updated on 5/28/2025 by MarketBeat.com Staff

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Kennedy-Wilson (KW) Financials

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Kennedy-Wilson (KW) Financials

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