Kingsway (KWY)
Market Price (8/8/2026): $10.2 | Market Cap: $291.9 MilSector: Financials | Industry: Asset Management & Custody Banks
Kingsway (KWY)
Market Price (8/8/2026): $10.2Market Cap: $291.9 MilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 31% Low stock price volatilityVol 12M is 44% Megatrend and thematic driversMegatrends include Specialized Financial Services. Themes include Specialty Insurance, and Extended Warranty Services. | Trading close to highsDist 52W High is -3.3%, Dist 3Y High is -3.3% Weak multi-year price returns2Y Excs Rtn is -45%, 3Y Excs Rtn is -72% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.9% Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 21.17 Key risksKWY key risks include [1] execution challenges with its 'Search Fund' acquisition and integration strategy, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 31% |
| Low stock price volatilityVol 12M is 44% |
| Megatrend and thematic driversMegatrends include Specialized Financial Services. Themes include Specialty Insurance, and Extended Warranty Services. |
| Trading close to highsDist 52W High is -3.3%, Dist 3Y High is -3.3% |
| Weak multi-year price returns2Y Excs Rtn is -45%, 3Y Excs Rtn is -72% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.9% |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 21.17 |
| Key risksKWY key risks include [1] execution challenges with its 'Search Fund' acquisition and integration strategy, Show more. |
Qualitative Assessment
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Kingsway (KWY) stock has remained largely at the same level since it went public on 5/20/2026 because of the following key factors:
1. Underlying GAAP Profitability Remains Challenged Despite Strong Adjusted Metrics. While Kingsway (KWY) reported a consolidated revenue increase of 27.6% to $39.4 million and adjusted EBITDA more than tripled to $5.2 million for fiscal Q2 2026 (ended June 30, 2026), its GAAP net income of $0.2 million was substantially influenced by a one-time $1.35 million gain from the sale of Trinity Warranty Solutions. True operational GAAP profitability remains negative, affected by significant debt servicing and amortization expenses, which potentially tempers investor enthusiasm despite impressive headline growth figures.
2. Persistent Valuation Concerns Limited Upside. Despite recent positive earnings news, the stock's valuation has been flagged as potentially stretched, with some analyses rating Kingsway as "Ultra Expensive" with an AAII Value Grade of 'F' as of August 5, 2026. This elevated valuation, when compared to the company's underlying fundamentals and the reliance on non-GAAP metrics for operational performance, may have capped significant upward movement in the stock price since its IPO.
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Kingsway (KWY) stock has remained largely at the same level since it went public on 5/20/2026 because of the following key factors:
1. Underlying GAAP Profitability Remains Challenged Despite Strong Adjusted Metrics. While Kingsway (KWY) reported a consolidated revenue increase of 27.6% to $39.4 million and adjusted EBITDA more than tripled to $5.2 million for fiscal Q2 2026 (ended June 30, 2026), its GAAP net income of $0.2 million was substantially influenced by a one-time $1.35 million gain from the sale of Trinity Warranty Solutions. True operational GAAP profitability remains negative, affected by significant debt servicing and amortization expenses, which potentially tempers investor enthusiasm despite impressive headline growth figures.
2. Persistent Valuation Concerns Limited Upside. Despite recent positive earnings news, the stock's valuation has been flagged as potentially stretched, with some analyses rating Kingsway as "Ultra Expensive" with an AAII Value Grade of 'F' as of August 5, 2026. This elevated valuation, when compared to the company's underlying fundamentals and the reliance on non-GAAP metrics for operational performance, may have capped significant upward movement in the stock price since its IPO.
3. Lingering Balance Sheet Leverage and Covenant Issues. Kingsway continues to navigate significant balance sheet leverage, with net debt reported at $59.9 million in fiscal Q2 2026, despite a slight decline from year-end 2025. Furthermore, the company reported "covenant issues at several subsidiary loans," indicating ongoing financial complexities that could contribute to investor caution and limit sustained stock appreciation.
4. Mixed Segment Performance and Business Model Complexity. While the Kingsway Search Xcelerator (KSX) segment demonstrated robust growth with a 68.3% revenue surge to $22.3 million in fiscal Q2 2026, the Extended Warranty segment experienced a 3.1% revenue decrease, or a 6.5% increase on a pro forma basis for the Trinity divestiture. The company's strategy involving frequent acquisitions and divestitures, as seen with the $8 million sale of Trinity Warranty Solutions and the $2.4 million acquisition of Romeo Computer Company, creates a complex financial picture that can make it challenging for investors to fully assess organic performance and long-term stability, thus contributing to a largely stable stock price.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
4/30/2026 to 8/7/2026| Return | Correlation | |
|---|---|---|
| KWY | ||
| Market (SPY) | 7.6% | 21.4% |
| Sector (XLF) | 10.5% | 27.5% |
Fundamental Drivers
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Market Drivers
1/31/2026 to 8/7/2026| Return | Correlation | |
|---|---|---|
| KWY | ||
| Market (SPY) | 12.1% | 21.4% |
| Sector (XLF) | 8.3% | 27.5% |
Fundamental Drivers
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Market Drivers
7/31/2025 to 8/7/2026| Return | Correlation | |
|---|---|---|
| KWY | ||
| Market (SPY) | 23.4% | 21.4% |
| Sector (XLF) | 11.3% | 27.5% |
Fundamental Drivers
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Market Drivers
7/31/2023 to 8/7/2026| Return | Correlation | |
|---|---|---|
| KWY | ||
| Market (SPY) | 74.9% | 21.4% |
| Sector (XLF) | 70.4% | 27.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KWY Return | - | - | - | - | - | -11% | -11% |
| Peers Return | 34% | -12% | 24% | 32% | 14% | 2% | 124% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| KWY Win Rate | - | - | - | - | - | 50% | |
| Peers Win Rate | 72% | 38% | 58% | 62% | 60% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| KWY Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -11% | -30% | -17% | -11% | -21% | -18% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MKL, BN, AIZ, ARCC, MAIN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)
How Low Can It Go
KWY has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
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Asset Allocation
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KWY has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Kingsway (KWY)
Kingsway Financial Services Inc. (KWY) operates as a diversified holding company with three distinct business segments: Extended Warranty, Leased Real Estate, and Kingsway Search Xcelerator. The Extended Warranty segment is extensive, focusing on the marketing, sale, and administration of various warranty products. This includes vehicle service agreements for new and used automobiles, motorcycles, and ATVs, alongside new home warranty products and uninsured warranty administration services for homebuilders and homeowners. Additionally, Kingsway distributes and supports warranty products for commercial equipment like HVAC, standby generators, LED lighting, and commercial refrigeration, offering equipment breakdown and maintenance services. The primary customers for this segment include individual consumers, credit unions, dealers, homebuilders, and various manufacturers and distributors of commercial equipment.
Complementing its warranty business, Kingsway's Kingsway Search Xcelerator segment provides outsourced finance and human resources consulting services. These offerings range from operational accounting (such as bookkeeping, financial reporting, and strategic finance support) to technical accounting (including initial public offerings and SEC reporting), as well as comprehensive human resources, workforce management, and compliance support, along with general advisory services for businesses. The third segment, Leased Real Estate, involves the ownership and leasing of a substantial 192-acre parcel of real property located in Texas, contributing to the company's overall asset management strategy.
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Here are a few analogies to describe Kingsway (KWY):
- They're like a SquareTrade (now part of Allstate) for big-ticket items, offering extended warranties for vehicles, homes, and commercial equipment.
- Think of them as a specialized 'Robert Half' (RHI) for outsourced finance and HR consulting, providing operational and strategic services to businesses.
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- Extended Warranty Products: Kingsway offers service agreements and warranty administration for vehicles, new homes, and various commercial equipment.
- Real Estate Leasing: The company owns and leases a significant parcel of real property located in Texas.
- Finance Consulting Services: Kingsway provides outsourced financial expertise, including operational accounting, strategic finance, and technical accounting services.
- Human Resources Consulting Services: The company offers support for workforce management and compliance to its clients.
- Advisory Services: Kingsway delivers specialized consulting and guidance across various business functions.
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Kingsway (KWY) serves a diverse customer base, including both individual consumers and various types of businesses. Since the company description does not provide specific names of its business customers, the major customers can be categorized as follows:
Individual Consumers and Homeowners: Kingsway directly serves individuals by marketing and selling vehicle service agreements for automobiles, motorcycles, and ATVs, and by offering new home warranty products and uninsured warranty administration services to homeowners.
Intermediary Businesses in the Automotive, Financial, and Real Estate Sectors: The company offers its products and services through credit unions, vehicle dealers, and homebuilders. These businesses act as direct customers and/or distribution channels for Kingsway's warranty and related products.
Diverse Businesses for Equipment and Consulting Services: This category includes manufacturers, distributors, and installers of heating, ventilation and air conditioning, standby generator, commercial LED lighting, and commercial refrigeration equipment for warranty products. Additionally, the Kingsway Search Xcelerator segment provides outsourced finance and human resources consulting services to a broad range of companies.
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John T. Fitzgerald, President and Chief Executive Officer
John T. Fitzgerald was appointed CEO of Kingsway in September 2018, having joined the company following its 2016 acquisition of Argo Investment Management, a private firm he founded to invest in search funds. His leadership at Kingsway has driven the company's shift towards a "Search Fund" model, where it acquires and builds high-quality, asset-light services businesses. He directly owns a significant stake in the company.
Kent A. Hansen, Chief Financial Officer and Corporate Secretary
Kent A. Hansen has served as Chief Financial Officer and Corporate Secretary of Kingsway Financial Services Inc. since 2019, and as Executive Vice President and CFO since February 2020. He brings over 25 years of experience in the financial services industry, having held various senior roles including SVP Chief Accounting Officer and Controller at LSC Communications, Vice President Global Assistant Controller at Shire (formerly Baxalta), and Group CFO, Interactive at Scientific Games. Hansen is a Certified Public Accountant (CPA) and holds an MBA from Northwestern University – Kellogg School of Management.
Colter Hanson, President of Kingsway Skilled Trades
Colter Hanson was named President of Kingsway Skilled Trades in May 2026. In this role, he leads Kingsway's platform focused on skilled trades businesses, including its plumbing subsidiaries. His focus is on providing support to current operations for scaling and identifying new acquisition opportunities that align with the company's vision for Kingsway Skilled Trades.
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1. Execution Risk of the Search Fund Model and Acquisition Strategy
Kingsway Financial Services Inc. has strategically shifted its focus, with its Kingsway Search Xcelerator segment now representing the majority of its revenue and adjusted EBITDA. This segment operates on a "Search Fund model" which involves acquiring and building businesses. The success of this model is heavily dependent on the company's ability to consistently identify, acquire, and successfully integrate profitable asset-light, growing, profitable B2B and B2C services companies. This strategy carries inherent execution risks, including the challenge of finding and retaining skilled "Operators in Residence" (OIRs), successful integration of new acquisitions, and navigating the various points of failure that can occur during both the search and operating phases of new ventures.2. Market and Claim Risks in the Extended Warranty Segment
While the company has made divestitures (e.g., the sale of Trinity Warranty Solutions), its Extended Warranty segment remains a part of the business, marketing, selling, and administering vehicle service agreements, new home warranty products, and warranties for various commercial equipment. This segment faces significant market challenges, including consumer skepticism regarding the value and cost of extended warranty plans, concerns about claim rejections, and a lack of understanding of coverage details. Furthermore, intense pricing competition among warranty providers can pressure margins, and rising labor and parts costs can negatively impact profitability. The demand for these products is also sensitive to economic downturns, which can reduce sales of new and used vehicles, homes, and equipment.3. Real Estate Market Volatility and Concentration Risk
Kingsway Financial Services Inc.'s Leased Real Estate segment owns a substantial parcel of real property, approximately 192 acres in Texas. This exposes the company to risks associated with the highly cyclical nature of the real estate market, particularly in the specific geographic area where its asset is located. These risks include fluctuations in property values, changes in rental rates, and demand volatility driven by local economic conditions or broader market shifts. Additionally, the concentration of its real estate holdings in a single large parcel means that any adverse events or unfavorable market conditions specific to that property or region could have a disproportionate impact on this segment's performance.AI Analysis | Feedback
The increasing adoption of automation and artificial intelligence in financial and human resources functions, which could reduce the demand for Kingsway's outsourced consulting services in its Kingsway Search Xcelerator segment.
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Kingsway Financial Services Inc. (KWY) operates in several distinct markets through its subsidiaries. Here's an overview of the addressable market sizes for its main products and services:
Extended Warranty Segment
- Vehicle Service Agreements (Automobiles, Motorcycles, ATVs): The U.S. Auto Extended Warranty Providers market was valued at $32.2 billion in 2024 and is projected to reach $32.7 billion in 2025. Another source indicates the U.S. Vehicle Service Contract (VSC) market was valued at USD 32.86 billion in 2024, with projections to reach USD 34.52 billion in 2025 and nearly USD 50 billion by 2032.
- New Home Warranty Products: The U.S. home warranty providers generated $8.87 billion in revenue in 2025. The market size of the Home Warranty Providers industry in the United States is projected to be $4.6 billion in 2026.
- Warranty Products for Commercial Equipment (HVAC, Standby Generator, Commercial LED Lighting, Commercial Refrigeration Equipment) and Equipment Breakdown & Maintenance Support Services: A specific addressable market size for commercial equipment warranties is not readily available. However, related markets provide some context. The U.S. HVAC and appliance industries collectively accrued $1.265 billion for future warranty costs in 2023. The broader U.S. HVAC Equipment and Services Market is projected to be USD 76.48 billion in 2025 and is expected to reach USD 100.55 billion by 2031, encompassing both equipment and services, not solely warranties.
Kingsway Search Xcelerator Segment
- Outsourced Finance and Human Resources Consulting Services:
- Finance and Accounting Outsourcing (FAO): The U.S. finance and accounting business process outsourcing market generated a revenue of USD 18.45 billion in 2025 and is expected to reach USD 35.04 billion by 2033. Another report valued the U.S. Finance & Accounting Outsourcing (FAO) Market at USD 19 billion in 2024, with projections to reach approximately USD 29.8 billion by 2034.
- Human Resources Outsourcing (HRO): The U.S. HR Outsourcing (HRO) revenue is projected at approximately USD 13.3 billion in 2025. In 2024, the U.S. market for HR outsourcing alone generated USD 10.8 billion.
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Kingsway Financial Services Inc. (KWY) is expected to drive future revenue growth over the next two to three years through several key strategies:
- Strategic Acquisitions: Kingsway consistently targets and executes acquisitions, with management reiterating plans for three to five acquisitions in 2026 to complement internal growth. Acquisitions have been a significant contributor to the company's past revenue growth.
- Organic Growth in the Kingsway Search Xcelerator (KSX) Segment: The KSX segment is anticipated to deliver double-digit organic growth in both revenue and profit. This segment has been a primary driver of the company's consolidated revenue increases, with particular strength noted in Q1 2026.
- Organic Growth in the Extended Warranty Segment: The Extended Warranty segment is also positioned for continued double-digit organic top-line growth. This growth is expected to be fueled by increases in both sales volume and price per contract.
- Expansion within KSX Operating Companies: Growth within existing businesses under the KSX segment, such as Roundhouse benefiting from robust demand from natural gas infrastructure customers, and strategic "tuck-in" acquisitions like Ledgers by Ravix Group, further contribute to the segment's overall revenue expansion.
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Share Repurchases
- On March 21, 2023, Kingsway's Board of Directors authorized a share repurchase program allowing the company to repurchase up to $10 million of its common stock, with a one-year term.
- The share repurchase program was extended for another year on March 22, 2024.
- By January 2025, the company had fully utilized the authorized $10 million for repurchases.
Share Issuance
- The number of common shares outstanding for Kingsway increased from 23.19 million in 2022 to 28.63 million in 2025.
Outbound Investments
- Kingsway acquired Ravix in October 2021, which established the Kingsway Search Xcelerator (KSX) segment.
- In 2025, Kingsway completed six acquisitions within its KSX segment, and in January 2026, its subsidiary Ravix Group acquired Ledgers, Inc.
- The company sold Trinity Warranty Solutions for $8.0 million (consisting of $5 million in cash and $3 million in secured subordinated seller notes) in May 2026 and aims to complete three to five additional acquisitions in 2026.
Capital Expenditures
- Kingsway's capital expenditures were $0.83 million in 2021, $0.21 million in 2023, and $1.62 million in 2025.
- In 2025, significant investments were made in Image Solutions and the Skilled Trades platform to position them for growth in 2026.
- For the twelve months ending March 31, 2026 (TTM), capital expenditures amounted to $1.95 million.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.51 |
| Mkt Cap | 14.4 |
| Rev LTM | 7,315 |
| Op Inc LTM | 17,995 |
| FCF LTM | 753 |
| FCF 3Y Avg | 664 |
| CFO LTM | 860 |
| CFO 3Y Avg | 773 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -2.0% |
| Rev Chg 3Y Avg | 9.0% |
| Rev Chg Q | 13.6% |
| QoQ Delta Rev Chg LTM | 3.6% |
| Op Inc Chg LTM | -3.4% |
| Op Inc Chg 3Y Avg | 8.3% |
| Op Mgn LTM | 23.8% |
| Op Mgn 3Y Avg | 20.8% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | -6.5% |
| CFO/Rev 3Y Avg | 7.6% |
| FCF/Rev LTM | -7.3% |
| FCF/Rev 3Y Avg | 6.7% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Extended Warranty | 71 | 69 | 68 | 74 | 75 |
| Kingsway Search Xcelerator (KSX) | 64 | 41 | 35 | 19 | |
| Leased Real Estate | 3 | ||||
| Total | 135 | 109 | 103 | 93 | 78 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Kingsway Search Xcelerator (KSX) | 8 | 6 |
| Extended Warranty | 1 | 6 |
| Total | 9 | 12 |
| $ Mil | 2010 | 2009 |
|---|---|---|
| United States | 15 | 16 |
| Corporate | 1 | -14 |
| Run-Off | 0 | |
| Total | 16 | 3 |
| $ Mil | 2010 | 2009 | 2007 |
|---|---|---|---|
| United States | 461 | 756 | |
| Corporate | 58 | 1,167 | |
| Run-Off | 34 | ||
| K2007GP | 114 | ||
| KAI | 706 | ||
| KFSI | 1,012 | ||
| Other Subsidiaries | 6,636 | ||
| Total | 520 | 1,957 | 8,468 |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.16 | 0.40 | -0.82 | -0.59 | -0.27 | -0.19 |
| Up Beta | -1.56 | -0.42 | 0.78 | -0.10 | 0.18 | 0.08 |
| Down Beta | 1.84 | 0.18 | -1.67 | 0.33 | 0.20 | 0.78 |
| Up Capture | 53% | 35% | 13% | 5% | 2% | 0% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 7 | 21 | 22 | 22 | 22 | 22 |
| Down Capture | 279% | 105% | 92% | 48% | 31% | 18% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 12 | 19 | 24 | 24 | 24 | 24 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KWY | |
|---|---|---|---|---|
| KWY | -0.0% | 43.6% | 0.10 | - |
| Sector ETF (XLF) | 12.3% | 14.6% | 0.57 | 27.5% |
| Equity (SPY) | 23.3% | 12.8% | 1.36 | 21.4% |
| Gold (GLD) | 28.5% | 28.4% | 0.87 | 22.0% |
| Commodities (DBC) | 32.9% | 19.8% | 1.32 | -48.4% |
| Real Estate (VNQ) | 14.2% | 13.8% | 0.72 | 21.2% |
| Bitcoin (BTCUSD) | -44.2% | 42.9% | -1.23 | 7.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KWY | |
|---|---|---|---|---|
| KWY | -0.0% | 43.6% | 0.10 | - |
| Sector ETF (XLF) | 11.4% | 18.4% | 0.48 | 27.5% |
| Equity (SPY) | 13.5% | 17.2% | 0.61 | 21.4% |
| Gold (GLD) | 18.6% | 18.6% | 0.81 | 22.0% |
| Commodities (DBC) | 8.2% | 19.6% | 0.31 | -48.4% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 21.2% |
| Bitcoin (BTCUSD) | 8.8% | 53.0% | 0.35 | 7.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KWY | |
|---|---|---|---|---|
| KWY | 0.0% | 43.6% | 0.10 | - |
| Sector ETF (XLF) | 13.6% | 22.1% | 0.56 | 27.5% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 21.4% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | 22.0% |
| Commodities (DBC) | 7.4% | 18.0% | 0.33 | -48.4% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 21.2% |
| Bitcoin (BTCUSD) | 58.2% | 66.2% | 0.98 | 7.5% |
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Earnings Returns History
Updated 8/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 12.8% | ||
| SUMMARY STATS | |||
| # Positive | 1 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | 12.8% | ||
| Median Negative | |||
| Max Positive | 12.8% | ||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 12.8% | ||
| SUMMARY STATS | |||
| # Positive | 1 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | 12.8% | ||
| Median Negative | |||
| Max Positive | 12.8% | ||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/05/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/08/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/05/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/08/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 02/28/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/13/2021 | 10-Q |
| 12/31/2020 | 03/29/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/13/2020 | 10-Q |
| 03/31/2020 | 07/17/2020 | 10-Q |
| 12/31/2019 | 07/10/2020 | 10-K |
| 09/30/2019 | 04/10/2020 | 10-Q |
Recent Forward Guidance
Updated 8/7/2026Latest: Q2 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Acquisitions | 3 | 4 | 5 | Affirmed | Guidance: 4 for 2026 | ||
| 2026 KSX Organic Growth | 10.0% | 0.0% | Affirmed | Guidance: 10.0% for 2026 | |||
| 2026 Extended Warranty Organic Growth | 10.0% | 0.0% | Affirmed | Guidance: 10.0% for 2026 | |||
Prior: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Acquisitions | 3 | 4 | 5 | 0 | Affirmed | Guidance: 4 for 2026 | |
| 2026 Organic Revenue Growth | 10.0% | ||||||
Q4 2025 Earnings Reported 3/12/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Acquisitions | 3 | 4 | 5 | ||||
| 2026 Pro-forma annual adjusted EBITDA addition | 0.40 Mil | ||||||
Q3 2025 Earnings Reported 11/6/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Annual Revenue Contribution (Roundhouse) | 16.00 Mil | 0 | Affirmed | Guidance: 16.00 Mil for 2025 | |||
| 2025 Annual Adjusted EBITDA Contribution (Roundhouse) | 4.20 Mil | 0 | Affirmed | Guidance: 4.20 Mil for 2025 | |||
| 2025 Annual Revenue Contribution (Advanced Plumbing and Drain) | 7.00 Mil | 0 | Affirmed | Guidance: 7.00 Mil for 2025 | |||
| 2025 Annual Adjusted EBITDA Contribution (Advanced Plumbing and Drain) | 0.70 Mil | 0 | Affirmed | Guidance: 0.70 Mil for 2025 | |||
| 2025 Annual Adjusted EBITDA Contribution (The HR Team) | 0.20 Mil | 0 | Affirmed | Guidance: 0.20 Mil for 2025 | |||
| 2025 Annual Revenue Contribution (Southside Plumbing) | 4.00 Mil | ||||||
| 2025 Annual Adjusted EBITDA Contribution (Southside Plumbing) | 0.90 Mil | ||||||
Insider Activity
Updated 7/31/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hansen, Kent A | CFO & EVP | Direct | Buy | 7312026 | 8.98 | 174 | 1,563 | 1,221,612 | Form |
| 2 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 7312026 | 8.98 | 278 | 2,496 | 12,809,198 | Form |
| 3 | Hansen, Kent A | CFO & EVP | Direct | Buy | 7162026 | 9.76 | 161 | 1,571 | 1,326,023 | Form |
| 4 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 7162026 | 9.76 | 256 | 2,499 | 13,919,087 | Form |
| 5 | Hansen, Kent A | CFO & EVP | Direct | Buy | 7012026 | 10.45 | 149 | 1,557 | 1,418,086 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hansen, Kent A | CFO & EVP | Direct | Buy | 7312026 | 8.98 | 174 | 1,563 | 1,221,612 | Form |
| 2 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 7312026 | 8.98 | 278 | 2,496 | 12,809,198 | Form |
| 3 | Hansen, Kent A | CFO & EVP | Direct | Buy | 7162026 | 9.76 | 161 | 1,571 | 1,326,023 | Form |
| 4 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 7162026 | 9.76 | 256 | 2,499 | 13,919,087 | Form |
| 5 | Hansen, Kent A | CFO & EVP | Direct | Buy | 7012026 | 10.45 | 149 | 1,557 | 1,418,086 | Form |
| 6 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 7012026 | 10.45 | 239 | 2,498 | 14,900,446 | Form |
| 7 | Hansen, Kent A | CFO & EVP | Direct | Buy | 6152026 | 10.43 | 150 | 1,564 | 1,413,818 | Form |
| 8 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 6152026 | 10.43 | 240 | 2,503 | 15,184,766 | Form |
| 9 | Hansen, Kent A | CFO & EVP | Direct | Buy | 6012026 | 10.03 | 156 | 1,565 | 1,358,092 | Form |
| 10 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 6012026 | 10.03 | 250 | 2,508 | 14,600,009 | Form |
| 11 | Horowitz, Joshua | by Palm Global Small Cap Master Fund LP | Buy | 6012026 | 9.91 | 3,800 | 37,660 | 3,686,706 | Form | |
| 12 | Horowitz, Joshua | by Palm Global Small Cap Master Fund LP | Buy | 6012026 | 9.95 | 700 | 6,965 | 3,663,590 | Form | |
| 13 | Fitzgerald, John Taylor Maloney | President and CEO | Trust-MPF | Sell | 5222026 | 10.13 | 5,000 | 50,675 | 294,928 | Form |
| 14 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 5192026 | 10.85 | 230 | 2,496 | 15,858,805 | Form |
| 15 | Hansen, Kent A | CFO & EVP | Direct | Buy | 5192026 | 10.85 | 144 | 1,562 | 1,467,430 | Form |
| 16 | Hansen, Kent A | CFO & EVP | Direct | Buy | 5042026 | 10.93 | 143 | 1,563 | 1,476,676 | Form |
| 17 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 5042026 | 10.93 | 229 | 2,503 | 15,973,222 | Form |
| 18 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 4152026 | 11.85 | 211 | 2,500 | 17,315,007 | Form |
| 19 | Hansen, Kent A | CFO & EVP | Direct | Buy | 3312026 | 10.22 | 153 | 1,564 | 1,229,057 | Form |
| 20 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 3312026 | 10.22 | 244 | 2,494 | 14,931,124 | Form |
| 21 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 3162026 | 10.71 | 234 | 2,506 | 15,644,386 | Form |
| 22 | Hansen, Kent A | CFO & EVP | Direct | Buy | 3162026 | 10.71 | 146 | 1,564 | 1,286,346 | Form |
| 23 | Hansen, Kent A | CFO & EVP | Direct | Buy | 3022026 | 12.34 | 126 | 1,555 | 1,480,319 | Form |
| 24 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 3022026 | 12.34 | 202 | 2,493 | 18,022,484 | Form |
| 25 | Hansen, Kent A | CFO & EVP | Direct | Buy | 2182026 | 12.19 | 128 | 1,560 | 1,460,789 | Form |
| 26 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 2182026 | 12.19 | 205 | 2,499 | 17,800,947 | Form |
| 27 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 2022026 | 13.69 | 183 | 2,505 | 19,988,577 | Form |
| 28 | Hansen, Kent A | CFO & EVP | Direct | Buy | 2022026 | 13.69 | 114 | 1,561 | 1,638,789 | Form |
| 29 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 1292026 | 13.54 | 185 | 2,505 | 19,767,087 | Form |
| 30 | Hansen, Kent A | CFO & EVP | Direct | Buy | 1292026 | 13.54 | 116 | 1,571 | 1,619,289 | Form |
| 31 | Hansen, Kent A | CFO & EVP | Direct | Buy | 1052026 | 13.58 | 115 | 1,562 | 1,622,498 | Form |
| 32 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 1052026 | 13.58 | 184 | 2,499 | 19,822,970 | Form |
| 33 | Hansen, Kent A | CFO & EVP | Direct | Sell | 12312025 | 13.67 | 7,500 | 102,508 | 1,761,096 | Form |
| 34 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Sell | 12292025 | 13.32 | 30,000 | 399,714 | 19,446,539 | Form |
| 35 | Stilwell, Joseph | See footnote | Sell | 12292025 | 12.80 | 19,229 | 246,131 | 3,840,000 | Form | |
| 36 | Hansen, Kent A | CFO & EVP | Direct | Buy | 12172025 | 12.82 | 122 | 1,564 | 1,749,571 | Form |
| 37 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 12172025 | 12.82 | 195 | 2,500 | 19,095,826 | Form |
| 38 | Stilwell, Joseph | See footnote | Sell | 12172025 | 12.80 | 10,429 | 133,491 | 6,844,237 | Form | |
| 39 | Stilwell, Joseph | See footnote | Sell | 12172025 | 12.80 | 34,269 | 438,660 | 6,978,001 | Form | |
| 40 | Stilwell, Joseph | See footnote | Sell | 12152025 | 12.80 | 67,500 | 864,000 | 7,416,371 | Form | |
| 41 | Stilwell, Joseph | See footnote | Sell | 12102025 | 12.80 | 20,000 | 256,000 | 8,280,371 | Form | |
| 42 | Stilwell, Joseph | See footnote | Sell | 12102025 | 12.82 | 35,000 | 448,700 | 8,549,709 | Form | |
| 43 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 12022025 | 13.03 | 192 | 2,502 | 19,406,087 | Form |
| 44 | Hansen, Kent A | CFO & EVP | Direct | Buy | 12022025 | 13.03 | 120 | 1,564 | 1,776,640 | Form |
| 45 | Hansen, Kent A | CFO & EVP | Direct | Buy | 11192025 | 12.70 | 123 | 1,562 | 1,730,121 | Form |
| 46 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 11192025 | 12.70 | 197 | 2,502 | 18,912,167 | Form |
| 47 | Hansen, Kent A | CFO & EVP | Direct | Buy | 11032025 | 14.08 | 111 | 1,563 | 1,916,387 | Form |
| 48 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 11032025 | 14.08 | 177 | 2,492 | 20,964,416 | Form |
| 49 | Hansen, Kent A | CFO & EVP | Direct | Buy | 10172025 | 15.92 | 98 | 1,560 | 2,165,056 | Form |
| 50 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 10172025 | 15.92 | 157 | 2,499 | 23,701,266 | Form |
| 51 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 10022025 | 14.63 | 171 | 2,502 | 21,778,452 | Form |
| 52 | Hansen, Kent A | CFO & EVP | Direct | Buy | 10022025 | 14.63 | 107 | 1,565 | 1,988,188 | Form |
| 53 | Stilwell, Joseph | See footnote | Sell | 9182025 | 14.47 | 48,000 | 694,560 | 6,615,409 | Form | |
| 54 | Stilwell, Joseph | See footnote | Sell | 9182025 | 14.40 | 20,000 | 288,000 | 6,656,198 | Form | |
| 55 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 9162025 | 14.36 | 174 | 2,499 | 21,981,498 | Form |
| 56 | Hansen, Kent A | CFO & EVP | Direct | Buy | 9162025 | 14.36 | 109 | 1,565 | 1,949,959 | Form |
| 57 | Stilwell, Joseph | See footnote | Sell | 9102025 | 14.41 | 25,000 | 360,250 | 6,691,168 | Form | |
| 58 | Hansen, Kent A | CFO & EVP | Direct | Buy | 9022025 | 14.49 | 107 | 1,550 | 1,966,032 | Form |
| 59 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 9022025 | 14.49 | 173 | 2,507 | 22,177,974 | Form |
| 60 | Stilwell, Joseph | See footnote | Sell | 8262025 | 14.18 | 75,000 | 1,063,380 | 6,619,796 | Form | |
| 61 | Stilwell, Joseph | See footnote | Sell | 8202025 | 14.04 | 71,429 | 1,003,132 | 6,664,258 | Form | |
| 62 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 8182025 | 14.16 | 176 | 2,492 | 21,670,436 | Form |
| 63 | Hansen, Kent A | CFO & EVP | Direct | Buy | 8182025 | 14.16 | 111 | 1,572 | 1,919,742 | Form |
| 64 | Fitzgerald, John Taylor Maloney | President and CEO | Direct | Buy | 7312025 | 14.42 | 174 | 2,509 | 22,065,801 | Form |
| 65 | Hansen, Kent A | CFO & EVP | Direct | Buy | 7312025 | 14.42 | 108 | 1,557 | 1,953,391 | Form |
Industry Resources
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