Kingsway (KWY) Gross Margin (2013 - 2025)
Kingsway's (KWY) quarterly Gross Margin came in at 19.36% in Q4 2025, down 1679.0% year-on-year from 1.23% in Q4 2024, and down 72.43% quarter-over-quarter from 70.22% in Q3 2025.
Kingsway (KWY) Gross Margin (2013 - 2025) Analysis & Trends
Kingsway's Gross Margin history runs 10 years deep, the most recent figure standing at 19.36% for Q4 2025.
- On a quarterly basis, Gross Margin fell 1679.0% year-over-year to 19.36% in Q4 2025; TTM through Dec 2025 was 58.03%, a 766.0% decrease from a year earlier, with the FY2025 full-year figure at 62.63%, down 288.0% from the prior year.
- Gross Margin slipped to 19.36% in Q4 2025 per KWY's latest filing, from 70.22% in the prior quarter.
- Across five years, Gross Margin topped out at 79.5% in Q1 2023 and bottomed at 33.34% in Q4 2021.
- The 5-year median for Gross Margin is 76.6% (2024), against an average of 66.27%.
- Across the five-year window, Gross Margin surged 11271 bps in 2022 and tumbled 4237 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 33.34% in 2021, then surged by 338 bps to 79.37% in 2022, then declined by 1 bps to 78.52% in 2023, then sank by 54 bps to 36.15% in 2024, then sank by 46 bps to 19.36% in 2025.
- Per Business Quant, the three latest KWY Gross Margin figures stand at 19.36% (Q4 2025), 70.22% (Q3 2025), and 77.99% (Q2 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 99.89% |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | - |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | - |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | -188.48% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | - |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 93.51% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | - |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | - |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | - |
| 10 | Kingsway | 19.77 Bn | 19.76 Bn | 7.47 Mn | 19.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 19.36% |
| Sep 30, 2025 | 70.22% |
| Jun 30, 2025 | 77.99% |
| Mar 31, 2025 | 72.86% |
| Dec 31, 2024 | 36.15% |
| Sep 30, 2024 | 76.70% |
| Jun 30, 2024 | 76.70% |
| Mar 31, 2024 | 76.60% |
| Dec 31, 2023 | 78.52% |
| Sep 30, 2023 | 76.28% |
| Jun 30, 2023 | 76.26% |
| Mar 31, 2023 | 79.50% |
| Dec 31, 2022 | 79.37% |
| Sep 30, 2022 | 76.59% |
| Jun 30, 2022 | 77.34% |
| Mar 31, 2022 | 76.92% |
| Dec 31, 2021 | -33.34% |
| Sep 30, 2021 | 76.39% |
| Jun 30, 2021 | 76.24% |
| Mar 31, 2021 | 78.70% |