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Side-by-side financial comparison of Electromed, Inc. (ELMD) 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 $18.9M, roughly 1.4× Electromed, Inc.). Electromed, Inc. runs the higher net margin — 14.6% vs -101.7%, a 116.4% gap on every dollar of revenue. On growth, Electromed, Inc. posted the faster year-over-year revenue change (16.3% vs -26.6%). Over the past eight quarters, Electromed, Inc.'s revenue compounded faster (16.7% CAGR vs -18.8%).

Electromed, Inc. is a specialized medical device firm developing, manufacturing, and distributing advanced respiratory care products. Its core offerings are high-frequency chest wall oscillation systems that clear airway secretions for patients with cystic fibrosis, COPD and other respiratory conditions, serving U.S. home care and clinical customers.

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.

ELMD vs KREF — Head-to-Head

Bigger by revenue
KREF
KREF
1.4× larger
KREF
$25.8M
$18.9M
ELMD
Growing faster (revenue YoY)
ELMD
ELMD
+42.8% gap
ELMD
16.3%
-26.6%
KREF
Higher net margin
ELMD
ELMD
116.4% more per $
ELMD
14.6%
-101.7%
KREF
Faster 2-yr revenue CAGR
ELMD
ELMD
Annualised
ELMD
16.7%
-18.8%
KREF

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
ELMD
ELMD
KREF
KREF
Revenue
$18.9M
$25.8M
Net Profit
$2.8M
$-26.2M
Gross Margin
78.4%
Operating Margin
19.2%
-105.1%
Net Margin
14.6%
-101.7%
Revenue YoY
16.3%
-26.6%
Net Profit YoY
40.3%
-229.6%
EPS (diluted)
$0.32
$-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.

Revenue
ELMD
ELMD
KREF
KREF
Q4 25
$18.9M
$25.8M
Q3 25
$16.9M
$25.3M
Q2 25
$17.4M
$30.2M
Q1 25
$15.7M
$31.3M
Q4 24
$16.3M
$35.1M
Q3 24
$14.7M
$37.0M
Q2 24
$14.8M
$40.4M
Q1 24
$13.9M
$39.1M
Net Profit
ELMD
ELMD
KREF
KREF
Q4 25
$2.8M
$-26.2M
Q3 25
$2.1M
$13.8M
Q2 25
$2.2M
$-29.7M
Q1 25
$1.9M
$-4.9M
Q4 24
$2.0M
$20.3M
Q3 24
$1.5M
$-7.4M
Q2 24
$1.8M
$25.8M
Q1 24
$1.5M
$-3.1M
Gross Margin
ELMD
ELMD
KREF
KREF
Q4 25
78.4%
Q3 25
78.1%
Q2 25
78.3%
Q1 25
78.0%
Q4 24
77.7%
Q3 24
78.3%
Q2 24
76.2%
Q1 24
74.8%
Operating Margin
ELMD
ELMD
KREF
KREF
Q4 25
19.2%
-105.1%
Q3 25
15.8%
50.4%
Q2 25
17.5%
-101.3%
Q1 25
13.6%
-18.3%
Q4 24
15.6%
55.8%
Q3 24
13.2%
-19.6%
Q2 24
15.7%
63.3%
Q1 24
13.3%
-8.7%
Net Margin
ELMD
ELMD
KREF
KREF
Q4 25
14.6%
-101.7%
Q3 25
12.6%
54.4%
Q2 25
12.7%
-98.5%
Q1 25
12.1%
-15.5%
Q4 24
12.1%
57.7%
Q3 24
10.0%
-20.0%
Q2 24
12.3%
63.9%
Q1 24
10.8%
-7.9%
EPS (diluted)
ELMD
ELMD
KREF
KREF
Q4 25
$0.32
$-0.49
Q3 25
$0.25
$0.12
Q2 25
$0.26
$-0.53
Q1 25
$0.21
$-0.15
Q4 24
$0.22
$0.22
Q3 24
$0.16
$-0.19
Q2 24
$0.20
$0.29
Q1 24
$0.17
$-0.13

Balance Sheet & Financial Strength

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

Metric
ELMD
ELMD
KREF
KREF
Cash + ST InvestmentsLiquidity on hand
$13.8M
$84.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$45.4M
$1.2B
Total Assets
$54.9M
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELMD
ELMD
KREF
KREF
Q4 25
$13.8M
$84.6M
Q3 25
$14.1M
$204.1M
Q2 25
$15.3M
$107.7M
Q1 25
$15.2M
$106.4M
Q4 24
$16.2M
$104.9M
Q3 24
$13.9M
$108.8M
Q2 24
$16.1M
$107.2M
Q1 24
$11.7M
$106.5M
Stockholders' Equity
ELMD
ELMD
KREF
KREF
Q4 25
$45.4M
$1.2B
Q3 25
$44.7M
$1.2B
Q2 25
$43.2M
$1.2B
Q1 25
$43.9M
$1.3B
Q4 24
$43.6M
$1.3B
Q3 24
$41.5M
$1.4B
Q2 24
$44.5M
$1.4B
Q1 24
$42.5M
$1.4B
Total Assets
ELMD
ELMD
KREF
KREF
Q4 25
$54.9M
$6.5B
Q3 25
$53.6M
$6.5B
Q2 25
$53.8M
$6.8B
Q1 25
$52.5M
$6.6B
Q4 24
$52.3M
$6.4B
Q3 24
$48.9M
$6.8B
Q2 24
$52.2M
$7.1B
Q1 24
$48.9M
$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
ELMD
ELMD
KREF
KREF
Operating Cash FlowLast quarter
$3.0M
$72.3M
Free Cash FlowOCF − Capex
$2.4M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
1.10×
TTM Free Cash FlowTrailing 4 quarters
$7.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELMD
ELMD
KREF
KREF
Q4 25
$3.0M
$72.3M
Q3 25
$169.0K
$18.5M
Q2 25
$3.9M
$21.1M
Q1 25
$2.1M
$15.9M
Q4 24
$3.2M
$132.6M
Q3 24
$2.3M
$49.1M
Q2 24
$4.5M
$30.6M
Q1 24
$1.4M
$34.5M
Free Cash Flow
ELMD
ELMD
KREF
KREF
Q4 25
$2.4M
Q3 25
$-83.0K
Q2 25
$3.7M
Q1 25
$1.9M
Q4 24
$2.9M
Q3 24
$2.3M
Q2 24
$4.5M
Q1 24
$1.3M
FCF Margin
ELMD
ELMD
KREF
KREF
Q4 25
12.7%
Q3 25
-0.5%
Q2 25
21.4%
Q1 25
12.2%
Q4 24
18.0%
Q3 24
15.5%
Q2 24
30.1%
Q1 24
9.1%
Capex Intensity
ELMD
ELMD
KREF
KREF
Q4 25
3.4%
Q3 25
1.5%
Q2 25
0.8%
Q1 25
1.0%
Q4 24
1.4%
Q3 24
0.3%
Q2 24
0.1%
Q1 24
0.6%
Cash Conversion
ELMD
ELMD
KREF
KREF
Q4 25
1.10×
Q3 25
0.08×
1.34×
Q2 25
1.75×
Q1 25
1.10×
Q4 24
1.60×
6.54×
Q3 24
1.57×
Q2 24
2.46×
1.19×
Q1 24
0.90×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ELMD
ELMD

Homecare$17.3M91%
Other$1.6M9%

KREF
KREF

Segment breakdown not available.

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