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Side-by-side financial comparison of Gevo, Inc. (GEVO) and KKR Real Estate Finance Trust Inc. (KREF). Click either name above to swap in a different company.

Gevo, Inc. is the larger business by last-quarter revenue ($45.3M vs $25.8M, roughly 1.8× KKR Real Estate Finance Trust Inc.). Gevo, Inc. runs the higher net margin — -13.2% vs -101.7%, a 88.5% gap on every dollar of revenue. On growth, Gevo, Inc. posted the faster year-over-year revenue change (695.6% vs -26.6%). Over the past eight quarters, Gevo, Inc.'s revenue compounded faster (237.1% CAGR vs -18.8%).

Gevo, Inc. is an American renewable chemicals and advanced biofuels company headquartered in unincorporated Douglas County, Colorado, in the Denver-Aurora metropolitan area. Gevo operates in the sustainability sector, pursuing a business model based on the concept of the "circular economy". The company develops bio-based alternatives to petroleum-based products using a combination of biotechnology and classical chemistry. Gevo uses the GREET model from Argonne National Laboratory as a basis f...

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.

GEVO vs KREF — Head-to-Head

Bigger by revenue
GEVO
GEVO
1.8× larger
GEVO
$45.3M
$25.8M
KREF
Growing faster (revenue YoY)
GEVO
GEVO
+722.2% gap
GEVO
695.6%
-26.6%
KREF
Higher net margin
GEVO
GEVO
88.5% more per $
GEVO
-13.2%
-101.7%
KREF
Faster 2-yr revenue CAGR
GEVO
GEVO
Annualised
GEVO
237.1%
-18.8%
KREF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GEVO
GEVO
KREF
KREF
Revenue
$45.3M
$25.8M
Net Profit
$-6.0M
$-26.2M
Gross Margin
Operating Margin
-4.8%
-105.1%
Net Margin
-13.2%
-101.7%
Revenue YoY
695.6%
-26.6%
Net Profit YoY
65.9%
-229.6%
EPS (diluted)
$-0.03
$-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
GEVO
GEVO
KREF
KREF
Q4 25
$45.3M
$25.8M
Q3 25
$42.7M
$25.3M
Q2 25
$43.4M
$30.2M
Q1 25
$29.1M
$31.3M
Q4 24
$5.7M
$35.1M
Q3 24
$2.0M
$37.0M
Q2 24
$5.3M
$40.4M
Q1 24
$4.0M
$39.1M
Net Profit
GEVO
GEVO
KREF
KREF
Q4 25
$-6.0M
$-26.2M
Q3 25
$-8.0M
$13.8M
Q2 25
$2.1M
$-29.7M
Q1 25
$-21.7M
$-4.9M
Q4 24
$-17.6M
$20.3M
Q3 24
$-21.2M
$-7.4M
Q2 24
$-21.0M
$25.8M
Q1 24
$-18.9M
$-3.1M
Operating Margin
GEVO
GEVO
KREF
KREF
Q4 25
-4.8%
-105.1%
Q3 25
-8.6%
50.4%
Q2 25
13.4%
-101.3%
Q1 25
-69.2%
-18.3%
Q4 24
-344.7%
55.8%
Q3 24
-1221.8%
-19.6%
Q2 24
-456.8%
63.3%
Q1 24
-580.0%
-8.7%
Net Margin
GEVO
GEVO
KREF
KREF
Q4 25
-13.2%
-101.7%
Q3 25
-18.6%
54.4%
Q2 25
4.9%
-98.5%
Q1 25
-74.6%
-15.5%
Q4 24
-308.9%
57.7%
Q3 24
-1076.6%
-20.0%
Q2 24
-399.3%
63.9%
Q1 24
-473.1%
-7.9%
EPS (diluted)
GEVO
GEVO
KREF
KREF
Q4 25
$-0.03
$-0.49
Q3 25
$-0.03
$0.12
Q2 25
$0.01
$-0.53
Q1 25
$-0.09
$-0.15
Q4 24
$-0.08
$0.22
Q3 24
$-0.09
$-0.19
Q2 24
$-0.09
$0.29
Q1 24
$-0.08
$-0.13

Balance Sheet & Financial Strength

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

Metric
GEVO
GEVO
KREF
KREF
Cash + ST InvestmentsLiquidity on hand
$81.2M
$84.6M
Total DebtLower is stronger
$164.8M
Stockholders' EquityBook value
$466.3M
$1.2B
Total Assets
$718.9M
$6.5B
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GEVO
GEVO
KREF
KREF
Q4 25
$81.2M
$84.6M
Q3 25
$72.6M
$204.1M
Q2 25
$57.3M
$107.7M
Q1 25
$65.3M
$106.4M
Q4 24
$189.4M
$104.9M
Q3 24
$223.2M
$108.8M
Q2 24
$245.7M
$107.2M
Q1 24
$270.6M
$106.5M
Total Debt
GEVO
GEVO
KREF
KREF
Q4 25
$164.8M
Q3 25
$164.5M
Q2 25
$167.5M
Q1 25
$167.0M
Q4 24
$67.1M
Q3 24
$67.0M
Q2 24
$66.8M
Q1 24
$68.3M
Stockholders' Equity
GEVO
GEVO
KREF
KREF
Q4 25
$466.3M
$1.2B
Q3 25
$468.9M
$1.2B
Q2 25
$474.1M
$1.2B
Q1 25
$469.8M
$1.3B
Q4 24
$489.5M
$1.3B
Q3 24
$504.7M
$1.4B
Q2 24
$522.7M
$1.4B
Q1 24
$541.9M
$1.4B
Total Assets
GEVO
GEVO
KREF
KREF
Q4 25
$718.9M
$6.5B
Q3 25
$685.2M
$6.5B
Q2 25
$702.1M
$6.8B
Q1 25
$677.8M
$6.6B
Q4 24
$583.9M
$6.4B
Q3 24
$583.9M
$6.8B
Q2 24
$617.9M
$7.1B
Q1 24
$633.6M
$7.3B
Debt / Equity
GEVO
GEVO
KREF
KREF
Q4 25
0.35×
Q3 25
0.35×
Q2 25
0.35×
Q1 25
0.36×
Q4 24
0.14×
Q3 24
0.13×
Q2 24
0.13×
Q1 24
0.13×

Cash Flow & Capital Efficiency

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

Metric
GEVO
GEVO
KREF
KREF
Operating Cash FlowLast quarter
$20.0M
$72.3M
Free Cash FlowOCF − Capex
$8.7M
FCF MarginFCF / Revenue
19.3%
Capex IntensityCapex / Revenue
24.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-43.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GEVO
GEVO
KREF
KREF
Q4 25
$20.0M
$72.3M
Q3 25
$-6.8M
$18.5M
Q2 25
$-2.5M
$21.1M
Q1 25
$-24.0M
$15.9M
Q4 24
$-18.8M
$132.6M
Q3 24
$-11.0M
$49.1M
Q2 24
$-11.4M
$30.6M
Q1 24
$-16.1M
$34.5M
Free Cash Flow
GEVO
GEVO
KREF
KREF
Q4 25
$8.7M
Q3 25
$-14.6M
Q2 25
$-7.8M
Q1 25
$-29.9M
Q4 24
$-33.5M
Q3 24
$-20.8M
Q2 24
$-20.6M
Q1 24
$-33.6M
FCF Margin
GEVO
GEVO
KREF
KREF
Q4 25
19.3%
Q3 25
-34.2%
Q2 25
-17.9%
Q1 25
-102.7%
Q4 24
-587.2%
Q3 24
-1057.0%
Q2 24
-392.4%
Q1 24
-841.9%
Capex Intensity
GEVO
GEVO
KREF
KREF
Q4 25
24.7%
Q3 25
18.3%
Q2 25
12.1%
Q1 25
20.0%
Q4 24
256.6%
Q3 24
496.2%
Q2 24
174.8%
Q1 24
438.9%
Cash Conversion
GEVO
GEVO
KREF
KREF
Q4 25
Q3 25
1.34×
Q2 25
-1.18×
Q1 25
Q4 24
6.54×
Q3 24
Q2 24
1.19×
Q1 24

Financial Flow Comparison

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

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