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Side-by-side financial comparison of Cherry Hill Mortgage Investment Corp (CHMI) and NexPoint Real Estate Finance, Inc. (NREF). Click either name above to swap in a different company.

Cherry Hill Mortgage Investment Corp is the larger business by last-quarter revenue ($11.8M vs $11.1M, roughly 1.1× NexPoint Real Estate Finance, Inc.). On growth, Cherry Hill Mortgage Investment Corp posted the faster year-over-year revenue change (-37.2% vs -48.8%).

Cherry Hill Mortgage Investment Corp is a U.S.-headquartered real estate finance firm focused on acquiring, investing in and managing residential mortgage-related assets. Its core holdings include agency mortgage-backed securities, residential loans and mortgage servicing rights, operating primarily in the U.S. domestic housing finance market.

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.

CHMI vs NREF — Head-to-Head

Bigger by revenue
CHMI
CHMI
1.1× larger
CHMI
$11.8M
$11.1M
NREF
Growing faster (revenue YoY)
CHMI
CHMI
+11.6% gap
CHMI
-37.2%
-48.8%
NREF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CHMI
CHMI
NREF
NREF
Revenue
$11.8M
$11.1M
Net Profit
$24.0M
Gross Margin
78.9%
Operating Margin
72.1%
Net Margin
216.6%
Revenue YoY
-37.2%
-48.8%
Net Profit YoY
58.7%
EPS (diluted)
$0.18
$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
CHMI
CHMI
NREF
NREF
Q4 25
$11.8M
$11.1M
Q3 25
$8.6M
$12.5M
Q2 25
$6.0M
$12.1M
Q1 25
$-3.0M
$11.5M
Q4 24
$18.7M
$21.7M
Q3 24
$-7.1M
$12.5M
Q2 24
$6.6M
$6.7M
Q1 24
$16.3M
$-12.8M
Net Profit
CHMI
CHMI
NREF
NREF
Q4 25
$24.0M
Q3 25
$4.5M
$50.9M
Q2 25
$1.6M
$22.3M
Q1 25
$-7.0M
$26.0M
Q4 24
$15.2M
Q3 24
$-12.4M
$23.3M
Q2 24
$784.0K
$12.1M
Q1 24
$12.1M
$-14.6M
Gross Margin
CHMI
CHMI
NREF
NREF
Q4 25
78.9%
Q3 25
73.2%
Q2 25
67.7%
Q1 25
183.4%
Q4 24
83.3%
Q3 24
145.3%
Q2 24
47.5%
Q1 24
83.9%
Operating Margin
CHMI
CHMI
NREF
NREF
Q4 25
72.1%
Q3 25
56.0%
Q2 25
44.4%
Q1 25
223.6%
Q4 24
76.2%
Q3 24
171.8%
Q2 24
22.0%
Q1 24
78.0%
Net Margin
CHMI
CHMI
NREF
NREF
Q4 25
216.6%
Q3 25
52.7%
407.0%
Q2 25
25.9%
184.5%
Q1 25
229.2%
225.6%
Q4 24
69.9%
Q3 24
175.8%
186.4%
Q2 24
11.9%
179.7%
Q1 24
73.7%
114.3%
EPS (diluted)
CHMI
CHMI
NREF
NREF
Q4 25
$0.18
$0.47
Q3 25
$0.05
$1.14
Q2 25
$-0.03
$0.54
Q1 25
$-0.29
$0.70
Q4 24
$0.30
$0.71
Q3 24
$-0.49
$0.74
Q2 24
$-0.06
$0.40
Q1 24
$0.32
$-0.83

Balance Sheet & Financial Strength

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

Metric
CHMI
CHMI
NREF
NREF
Cash + ST InvestmentsLiquidity on hand
$54.9M
$31.1M
Total DebtLower is stronger
$146.3M
$771.2M
Stockholders' EquityBook value
$236.0M
$388.0M
Total Assets
$1.5B
$5.3B
Debt / EquityLower = less leverage
0.62×
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHMI
CHMI
NREF
NREF
Q4 25
$54.9M
$31.1M
Q3 25
$55.4M
$17.9M
Q2 25
$58.0M
$9.1M
Q1 25
$47.3M
$19.2M
Q4 24
$46.3M
$3.9M
Q3 24
$50.2M
$34.7M
Q2 24
$52.4M
$4.3M
Q1 24
$47.5M
$13.5M
Total Debt
CHMI
CHMI
NREF
NREF
Q4 25
$146.3M
$771.2M
Q3 25
$148.0M
$720.9M
Q2 25
$150.1M
$815.6M
Q1 25
$150.1M
$831.5M
Q4 24
$152.1M
$799.3M
Q3 24
$151.8M
$815.5M
Q2 24
$160.5M
$861.0M
Q1 24
$167.5M
$843.3M
Stockholders' Equity
CHMI
CHMI
NREF
NREF
Q4 25
$236.0M
$388.0M
Q3 25
$233.1M
$375.4M
Q2 25
$229.9M
$348.2M
Q1 25
$226.6M
$343.7M
Q4 24
$230.3M
$336.5M
Q3 24
$236.7M
$335.8M
Q2 24
$234.5M
$327.5M
Q1 24
$247.0M
$327.1M
Total Assets
CHMI
CHMI
NREF
NREF
Q4 25
$1.5B
$5.3B
Q3 25
$1.5B
$5.3B
Q2 25
$1.5B
$5.4B
Q1 25
$1.4B
$5.4B
Q4 24
$1.5B
$5.4B
Q3 24
$1.6B
$5.7B
Q2 24
$1.4B
$6.6B
Q1 24
$1.4B
$7.1B
Debt / Equity
CHMI
CHMI
NREF
NREF
Q4 25
0.62×
1.99×
Q3 25
0.63×
1.92×
Q2 25
0.65×
2.34×
Q1 25
0.66×
2.42×
Q4 24
0.66×
2.38×
Q3 24
0.64×
2.43×
Q2 24
0.68×
2.63×
Q1 24
0.68×
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
CHMI
CHMI
NREF
NREF
Operating Cash FlowLast quarter
$19.1M
$-4.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHMI
CHMI
NREF
NREF
Q4 25
$19.1M
$-4.5M
Q3 25
$-2.4M
$8.1M
Q2 25
$12.5M
$3.3M
Q1 25
$682.0K
$16.0M
Q4 24
$-4.7M
$4.4M
Q3 24
$4.4M
$14.7M
Q2 24
$4.1M
$-7.5M
Q1 24
$-19.1M
$17.7M
Cash Conversion
CHMI
CHMI
NREF
NREF
Q4 25
-0.19×
Q3 25
-0.53×
0.16×
Q2 25
7.98×
0.15×
Q1 25
0.62×
Q4 24
0.29×
Q3 24
0.63×
Q2 24
5.18×
-0.62×
Q1 24
-1.58×

Financial Flow Comparison

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

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