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

ELTEK LTD is the larger business by last-quarter revenue ($12.5M vs $11.1M, roughly 1.1× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs 2.9%, a 213.7% gap on every dollar of revenue. On growth, ELTEK LTD posted the faster year-over-year revenue change (19.7% vs -48.8%).

Eltek is a brand of electric power conversion products for telecommunications and industrial applications, marketed as part of Delta Electronics. The products are developed and sold by Delta Electronics (Norway) AS, which is based in Drammen, Norway. As of 2018, Eltek had approximately 2000 employees, with offices in 40 countries.

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.

ELTK vs NREF — Head-to-Head

Bigger by revenue
ELTK
ELTK
1.1× larger
ELTK
$12.5M
$11.1M
NREF
Growing faster (revenue YoY)
ELTK
ELTK
+68.5% gap
ELTK
19.7%
-48.8%
NREF
Higher net margin
NREF
NREF
213.7% more per $
NREF
216.6%
2.9%
ELTK

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ELTK
ELTK
NREF
NREF
Revenue
$12.5M
$11.1M
Net Profit
$365.0K
$24.0M
Gross Margin
24.1%
Operating Margin
11.6%
Net Margin
2.9%
216.6%
Revenue YoY
19.7%
-48.8%
Net Profit YoY
-51.4%
58.7%
EPS (diluted)
$0.05
$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
ELTK
ELTK
NREF
NREF
Q4 25
$11.1M
Q3 25
$12.5M
Q2 25
$12.5M
$12.1M
Q1 25
$11.5M
Q4 24
$21.7M
Q3 24
$12.5M
Q2 24
$10.5M
$6.7M
Q1 24
$-12.8M
Net Profit
ELTK
ELTK
NREF
NREF
Q4 25
$24.0M
Q3 25
$50.9M
Q2 25
$365.0K
$22.3M
Q1 25
$26.0M
Q4 24
$15.2M
Q3 24
$23.3M
Q2 24
$751.0K
$12.1M
Q1 24
$-14.6M
Gross Margin
ELTK
ELTK
NREF
NREF
Q4 25
Q3 25
Q2 25
24.1%
Q1 25
Q4 24
Q3 24
Q2 24
15.6%
Q1 24
Operating Margin
ELTK
ELTK
NREF
NREF
Q4 25
Q3 25
Q2 25
11.6%
Q1 25
Q4 24
Q3 24
Q2 24
3.9%
Q1 24
Net Margin
ELTK
ELTK
NREF
NREF
Q4 25
216.6%
Q3 25
407.0%
Q2 25
2.9%
184.5%
Q1 25
225.6%
Q4 24
69.9%
Q3 24
186.4%
Q2 24
7.2%
179.7%
Q1 24
114.3%
EPS (diluted)
ELTK
ELTK
NREF
NREF
Q4 25
$0.47
Q3 25
$1.14
Q2 25
$0.05
$0.54
Q1 25
$0.70
Q4 24
$0.71
Q3 24
$0.74
Q2 24
$0.11
$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
ELTK
ELTK
NREF
NREF
Cash + ST InvestmentsLiquidity on hand
$1.8M
$31.1M
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$44.6M
$388.0M
Total Assets
$64.4M
$5.3B
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELTK
ELTK
NREF
NREF
Q4 25
$31.1M
Q3 25
$17.9M
Q2 25
$1.8M
$9.1M
Q1 25
$19.2M
Q4 24
$3.9M
Q3 24
$34.7M
Q2 24
$8.9M
$4.3M
Q1 24
$13.5M
Total Debt
ELTK
ELTK
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
ELTK
ELTK
NREF
NREF
Q4 25
$388.0M
Q3 25
$375.4M
Q2 25
$44.6M
$348.2M
Q1 25
$343.7M
Q4 24
$336.5M
Q3 24
$335.8M
Q2 24
$38.0M
$327.5M
Q1 24
$327.1M
Total Assets
ELTK
ELTK
NREF
NREF
Q4 25
$5.3B
Q3 25
$5.3B
Q2 25
$64.4M
$5.4B
Q1 25
$5.4B
Q4 24
$5.4B
Q3 24
$5.7B
Q2 24
$54.9M
$6.6B
Q1 24
$7.1B
Debt / Equity
ELTK
ELTK
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
ELTK
ELTK
NREF
NREF
Operating Cash FlowLast quarter
$-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
ELTK
ELTK
NREF
NREF
Q4 25
$-4.5M
Q3 25
$8.1M
Q2 25
$3.3M
Q1 25
$16.0M
Q4 24
$4.4M
Q3 24
$14.7M
Q2 24
$-7.5M
Q1 24
$17.7M
Cash Conversion
ELTK
ELTK
NREF
NREF
Q4 25
-0.19×
Q3 25
0.16×
Q2 25
0.15×
Q1 25
0.62×
Q4 24
0.29×
Q3 24
0.63×
Q2 24
-0.62×
Q1 24

Financial Flow Comparison

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

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