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Side-by-side financial comparison of BK Technologies Corp (BKTI) and KKR Real Estate Finance Trust Inc. (KREF). Click either name above to swap in a different company.
KKR Real Estate Finance Trust Inc. is the larger business by last-quarter revenue ($25.8M vs $21.5M, roughly 1.2× BK Technologies Corp). BK Technologies Corp runs the higher net margin — 19.7% vs -101.7%, a 121.4% gap on every dollar of revenue. On growth, BK Technologies Corp posted the faster year-over-year revenue change (20.0% vs -26.6%). Over the past eight quarters, KKR Real Estate Finance Trust Inc.'s revenue compounded faster (-18.8% CAGR vs -21.6%).
BK Technologies Corp designs, manufactures and sells analog and digital two-way radio communications equipment and related accessories. It serves public safety departments, first responders, government agencies and commercial clients primarily across North America, focusing on reliable, mission-critical communication solutions.
KKR Real Estate Finance Trust Inc. is a specialized real estate finance firm sponsored by global investment firm KKR. It primarily originates, acquires, and manages a portfolio of senior secured commercial real estate loans, mostly backed by high-quality institutional commercial properties across the United States, delivering stable risk-adjusted returns to investors via interest income from its diversified assets.
BKTI vs KREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.5M | $25.8M |
| Net Profit | $4.2M | $-26.2M |
| Gross Margin | 50.5% | — |
| Operating Margin | 19.7% | -105.1% |
| Net Margin | 19.7% | -101.7% |
| Revenue YoY | 20.0% | -26.6% |
| Net Profit YoY | 15.6% | -229.6% |
| EPS (diluted) | $1.06 | $-0.49 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $21.5M | $25.8M | ||
| Q3 25 | $24.4M | $25.3M | ||
| Q2 25 | $21.2M | $30.2M | ||
| Q1 25 | $19.1M | $31.3M | ||
| Q4 24 | $17.9M | $35.1M | ||
| Q3 24 | $20.2M | $37.0M | ||
| Q2 24 | $20.3M | $40.4M | ||
| Q1 24 | — | $39.1M |
| Q4 25 | $4.2M | $-26.2M | ||
| Q3 25 | $3.4M | $13.8M | ||
| Q2 25 | $3.7M | $-29.7M | ||
| Q1 25 | $2.1M | $-4.9M | ||
| Q4 24 | $3.7M | $20.3M | ||
| Q3 24 | $2.4M | $-7.4M | ||
| Q2 24 | $1.7M | $25.8M | ||
| Q1 24 | — | $-3.1M |
| Q4 25 | 50.5% | — | ||
| Q3 25 | 49.9% | — | ||
| Q2 25 | 47.4% | — | ||
| Q1 25 | 47.0% | — | ||
| Q4 24 | 41.2% | — | ||
| Q3 24 | 38.8% | — | ||
| Q2 24 | 37.3% | — | ||
| Q1 24 | — | — |
| Q4 25 | 19.7% | -105.1% | ||
| Q3 25 | 19.8% | 50.4% | ||
| Q2 25 | 18.9% | -101.3% | ||
| Q1 25 | 15.3% | -18.3% | ||
| Q4 24 | 12.3% | 55.8% | ||
| Q3 24 | 12.9% | -19.6% | ||
| Q2 24 | 10.0% | 63.3% | ||
| Q1 24 | — | -8.7% |
| Q4 25 | 19.7% | -101.7% | ||
| Q3 25 | 14.1% | 54.4% | ||
| Q2 25 | 17.7% | -98.5% | ||
| Q1 25 | 11.2% | -15.5% | ||
| Q4 24 | 20.4% | 57.7% | ||
| Q3 24 | 11.7% | -20.0% | ||
| Q2 24 | 8.2% | 63.9% | ||
| Q1 24 | — | -7.9% |
| Q4 25 | $1.06 | $-0.49 | ||
| Q3 25 | $0.87 | $0.12 | ||
| Q2 25 | $0.96 | $-0.53 | ||
| Q1 25 | $0.55 | $-0.15 | ||
| Q4 24 | $0.96 | $0.22 | ||
| Q3 24 | $0.63 | $-0.19 | ||
| Q2 24 | $0.47 | $0.29 | ||
| Q1 24 | — | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $22.8M | $84.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $44.7M | $1.2B |
| Total Assets | $63.8M | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.8M | $84.6M | ||
| Q3 25 | $21.5M | $204.1M | ||
| Q2 25 | $11.9M | $107.7M | ||
| Q1 25 | $8.9M | $106.4M | ||
| Q4 24 | $7.1M | $104.9M | ||
| Q3 24 | $4.2M | $108.8M | ||
| Q2 24 | $3.0M | $107.2M | ||
| Q1 24 | — | $106.5M |
| Q4 25 | $44.7M | $1.2B | ||
| Q3 25 | $41.0M | $1.2B | ||
| Q2 25 | $36.8M | $1.2B | ||
| Q1 25 | $32.4M | $1.3B | ||
| Q4 24 | $29.8M | $1.3B | ||
| Q3 24 | $26.0M | $1.4B | ||
| Q2 24 | $23.4M | $1.4B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $63.8M | $6.5B | ||
| Q3 25 | $66.9M | $6.5B | ||
| Q2 25 | $60.4M | $6.8B | ||
| Q1 25 | $56.1M | $6.6B | ||
| Q4 24 | $51.5M | $6.4B | ||
| Q3 24 | $46.4M | $6.8B | ||
| Q2 24 | $48.9M | $7.1B | ||
| Q1 24 | — | $7.3B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0M | $72.3M |
| Free Cash FlowOCF − Capex | $2.8M | — |
| FCF MarginFCF / Revenue | 13.2% | — |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | 0.71× | — |
| TTM Free Cash FlowTrailing 4 quarters | $18.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $72.3M | ||
| Q3 25 | $10.4M | $18.5M | ||
| Q2 25 | $3.9M | $21.1M | ||
| Q1 25 | $2.1M | $15.9M | ||
| Q4 24 | $3.8M | $132.6M | ||
| Q3 24 | $5.7M | $49.1M | ||
| Q2 24 | $4.1M | $30.6M | ||
| Q1 24 | — | $34.5M |
| Q4 25 | $2.8M | — | ||
| Q3 25 | $10.1M | — | ||
| Q2 25 | $3.7M | — | ||
| Q1 25 | $1.8M | — | ||
| Q4 24 | $3.4M | — | ||
| Q3 24 | $5.2M | — | ||
| Q2 24 | $3.9M | — | ||
| Q1 24 | — | — |
| Q4 25 | 13.2% | — | ||
| Q3 25 | 41.3% | — | ||
| Q2 25 | 17.3% | — | ||
| Q1 25 | 9.6% | — | ||
| Q4 24 | 19.2% | — | ||
| Q3 24 | 25.8% | — | ||
| Q2 24 | 19.2% | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.7% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.71× | — | ||
| Q3 25 | 3.04× | 1.34× | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 1.04× | 6.54× | ||
| Q3 24 | 2.40× | — | ||
| Q2 24 | 2.46× | 1.19× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
