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Side-by-side financial comparison of BK Technologies Corp (BKTI) and NexPoint Real Estate Finance, Inc. (NREF). Click either name above to swap in a different company.

BK Technologies Corp is the larger business by last-quarter revenue ($21.5M vs $11.1M, roughly 1.9× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs 19.7%, a 197.0% gap on every dollar of revenue. On growth, BK Technologies Corp posted the faster year-over-year revenue change (20.0% vs -48.8%).

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.

NexPoint Real Estate Finance, Inc. is a US-based commercial real estate finance firm that offers structured financing solutions for multifamily, office, industrial, and hospitality properties. It focuses on originating, managing and servicing a diversified portfolio of mortgage loans and real estate-related investments to deliver stable risk-adjusted returns to stakeholders.

BKTI vs NREF — Head-to-Head

Bigger by revenue
BKTI
BKTI
1.9× larger
BKTI
$21.5M
$11.1M
NREF
Growing faster (revenue YoY)
BKTI
BKTI
+68.8% gap
BKTI
20.0%
-48.8%
NREF
Higher net margin
NREF
NREF
197.0% more per $
NREF
216.6%
19.7%
BKTI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BKTI
BKTI
NREF
NREF
Revenue
$21.5M
$11.1M
Net Profit
$4.2M
$24.0M
Gross Margin
50.5%
Operating Margin
19.7%
Net Margin
19.7%
216.6%
Revenue YoY
20.0%
-48.8%
Net Profit YoY
15.6%
58.7%
EPS (diluted)
$1.06
$0.47

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.

Revenue
BKTI
BKTI
NREF
NREF
Q4 25
$21.5M
$11.1M
Q3 25
$24.4M
$12.5M
Q2 25
$21.2M
$12.1M
Q1 25
$19.1M
$11.5M
Q4 24
$17.9M
$21.7M
Q3 24
$20.2M
$12.5M
Q2 24
$20.3M
$6.7M
Q1 24
$-12.8M
Net Profit
BKTI
BKTI
NREF
NREF
Q4 25
$4.2M
$24.0M
Q3 25
$3.4M
$50.9M
Q2 25
$3.7M
$22.3M
Q1 25
$2.1M
$26.0M
Q4 24
$3.7M
$15.2M
Q3 24
$2.4M
$23.3M
Q2 24
$1.7M
$12.1M
Q1 24
$-14.6M
Gross Margin
BKTI
BKTI
NREF
NREF
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
Operating Margin
BKTI
BKTI
NREF
NREF
Q4 25
19.7%
Q3 25
19.8%
Q2 25
18.9%
Q1 25
15.3%
Q4 24
12.3%
Q3 24
12.9%
Q2 24
10.0%
Q1 24
Net Margin
BKTI
BKTI
NREF
NREF
Q4 25
19.7%
216.6%
Q3 25
14.1%
407.0%
Q2 25
17.7%
184.5%
Q1 25
11.2%
225.6%
Q4 24
20.4%
69.9%
Q3 24
11.7%
186.4%
Q2 24
8.2%
179.7%
Q1 24
114.3%
EPS (diluted)
BKTI
BKTI
NREF
NREF
Q4 25
$1.06
$0.47
Q3 25
$0.87
$1.14
Q2 25
$0.96
$0.54
Q1 25
$0.55
$0.70
Q4 24
$0.96
$0.71
Q3 24
$0.63
$0.74
Q2 24
$0.47
$0.40
Q1 24
$-0.83

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BKTI
BKTI
NREF
NREF
Cash + ST InvestmentsLiquidity on hand
$22.8M
$31.1M
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$44.7M
$388.0M
Total Assets
$63.8M
$5.3B
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKTI
BKTI
NREF
NREF
Q4 25
$22.8M
$31.1M
Q3 25
$21.5M
$17.9M
Q2 25
$11.9M
$9.1M
Q1 25
$8.9M
$19.2M
Q4 24
$7.1M
$3.9M
Q3 24
$4.2M
$34.7M
Q2 24
$3.0M
$4.3M
Q1 24
$13.5M
Total Debt
BKTI
BKTI
NREF
NREF
Q4 25
$771.2M
Q3 25
$720.9M
Q2 25
$815.6M
Q1 25
$831.5M
Q4 24
$799.3M
Q3 24
$815.5M
Q2 24
$861.0M
Q1 24
$843.3M
Stockholders' Equity
BKTI
BKTI
NREF
NREF
Q4 25
$44.7M
$388.0M
Q3 25
$41.0M
$375.4M
Q2 25
$36.8M
$348.2M
Q1 25
$32.4M
$343.7M
Q4 24
$29.8M
$336.5M
Q3 24
$26.0M
$335.8M
Q2 24
$23.4M
$327.5M
Q1 24
$327.1M
Total Assets
BKTI
BKTI
NREF
NREF
Q4 25
$63.8M
$5.3B
Q3 25
$66.9M
$5.3B
Q2 25
$60.4M
$5.4B
Q1 25
$56.1M
$5.4B
Q4 24
$51.5M
$5.4B
Q3 24
$46.4M
$5.7B
Q2 24
$48.9M
$6.6B
Q1 24
$7.1B
Debt / Equity
BKTI
BKTI
NREF
NREF
Q4 25
1.99×
Q3 25
1.92×
Q2 25
2.34×
Q1 25
2.42×
Q4 24
2.38×
Q3 24
2.43×
Q2 24
2.63×
Q1 24
2.58×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BKTI
BKTI
NREF
NREF
Operating Cash FlowLast quarter
$3.0M
$-4.5M
Free Cash FlowOCF − Capex
$2.8M
FCF MarginFCF / Revenue
13.2%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
0.71×
-0.19×
TTM Free Cash FlowTrailing 4 quarters
$18.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKTI
BKTI
NREF
NREF
Q4 25
$3.0M
$-4.5M
Q3 25
$10.4M
$8.1M
Q2 25
$3.9M
$3.3M
Q1 25
$2.1M
$16.0M
Q4 24
$3.8M
$4.4M
Q3 24
$5.7M
$14.7M
Q2 24
$4.1M
$-7.5M
Q1 24
$17.7M
Free Cash Flow
BKTI
BKTI
NREF
NREF
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
FCF Margin
BKTI
BKTI
NREF
NREF
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
Capex Intensity
BKTI
BKTI
NREF
NREF
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
Cash Conversion
BKTI
BKTI
NREF
NREF
Q4 25
0.71×
-0.19×
Q3 25
3.04×
0.16×
Q2 25
1.04×
0.15×
Q1 25
0.98×
0.62×
Q4 24
1.04×
0.29×
Q3 24
2.40×
0.63×
Q2 24
2.46×
-0.62×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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