Kingsway (KFS) Operating Margin (2011 - 2025)
Kingsway (KFS) recorded quarterly Operating Margin of 11.24% in Q4 2025, up 582.86% quarter-over-quarter from 2.33% in Q3 2025, and up 1835.0% on a YoY basis from 0.58% in Q4 2024.
Kingsway (KFS) Operating Margin (2011 - 2025) Analysis & Trends
Kingsway's Operating Margin history runs 15 years deep, the most recent figure standing at 11.24% for Q4 2025.
- In Q4 2025, Operating Margin rose 1835.0% year-over-year to 11.24%; the TTM figure through Dec 2025 stood at 2.34% (up 390.0% YoY), while the FY2025 annual figure was 1.21%, up 279.0% from the prior year.
- Operating Margin was 11.24% for Q4 2025 at Kingsway, up from 2.33% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 42.2% in Q3 2022 to a low of 48.2% in Q4 2021.
- Historically, Operating Margin has averaged 0.36% across 5 years, with a median of 0.51% in 2023.
- The sharpest annual moves came in 2021 and 2022: Operating Margin slumped 7220 bps in 2021, then jumped 4801 bps in 2022.
- A 5-year view of Operating Margin shows it stood at 48.2% in 2021, then soared by 100 bps to 0.19% in 2022, then surged by 1593 bps to 2.83% in 2023, then slumped by 352 bps to 7.12% in 2024, then surged by 258 bps to 11.24% in 2025.
- The last three Operating Margin figures came in at 11.24% (Q4 2025), 2.33% (Q3 2025), and 1.33% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 157.17 Bn | 147.54 Bn | - | 42.01% |
| 2 | Blackstone | 94.33 Bn | 93.28 Bn | - | - |
| 3 | Kkr | 85.26 Bn | 132.77 Bn | - | 46.06% |
| 4 | Apollo Global Management | 78.76 Bn | 97.50 Bn | 5.04 Bn | 1.56% |
| 5 | State Street | 45.35 Bn | 19.67 Bn | - | - |
| 6 | Ameriprise Financial | 41.89 Bn | 41.76 Bn | 4.57 Bn | 18.44% |
| 7 | Northern Trust | 31.64 Bn | 31.64 Bn | - | - |
| 8 | Raymond James Financial | 29.68 Bn | 18.43 Bn | - | - |
| 9 | Ares Management | 29.26 Bn | 32.63 Bn | - | - |
| 10 | Kingsway | - | - | 21.51 Mn | 11.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 11.24% |
| Sep 30, 2025 | -2.33% |
| Jun 30, 2025 | 1.33% |
| Mar 31, 2025 | -2.52% |
| Dec 31, 2024 | -7.12% |
| Sep 30, 2024 | -2.48% |
| Jun 30, 2024 | 1.16% |
| Mar 31, 2024 | 2.93% |
| Dec 31, 2023 | 2.83% |
| Sep 30, 2023 | -0.84% |
| Jun 30, 2023 | 1.26% |
| Mar 31, 2023 | 2.80% |
| Dec 31, 2022 | -0.19% |
| Sep 30, 2022 | 42.20% |
| Jun 30, 2022 | -2.82% |
| Mar 31, 2022 | -4.13% |
| Dec 31, 2021 | -48.20% |
| Sep 30, 2021 | -2.69% |
| Jun 30, 2021 | -3.34% |
| Mar 31, 2021 | 3.75% |