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Side-by-side financial comparison of Globavend Holdings Ltd (GVH) 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 $13.7M, roughly 1.9× Globavend Holdings Ltd). Globavend Holdings Ltd runs the higher net margin — 3.3% vs -101.7%, a 105.0% gap on every dollar of revenue. On growth, Globavend Holdings Ltd posted the faster year-over-year revenue change (63.7% vs -26.6%).

Globavend Holdings Ltd is a provider of smart unattended retail solutions, focusing on the design, supply, and operation of intelligent vending machines. It primarily serves markets across Australia, New Zealand, and Southeast Asia, offering end-to-end services including hardware manufacturing, inventory management software, and after-sales support to clients in retail, FMCG, and workplace service segments.

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.

GVH vs KREF — Head-to-Head

Bigger by revenue
KREF
KREF
1.9× larger
KREF
$25.8M
$13.7M
GVH
Growing faster (revenue YoY)
GVH
GVH
+90.3% gap
GVH
63.7%
-26.6%
KREF
Higher net margin
GVH
GVH
105.0% more per $
GVH
3.3%
-101.7%
KREF

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
GVH
GVH
KREF
KREF
Revenue
$13.7M
$25.8M
Net Profit
$450.3K
$-26.2M
Gross Margin
10.5%
Operating Margin
5.8%
-105.1%
Net Margin
3.3%
-101.7%
Revenue YoY
63.7%
-26.6%
Net Profit YoY
-49.9%
-229.6%
EPS (diluted)
$6.01
$-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
GVH
GVH
KREF
KREF
Q4 25
$25.8M
Q3 25
$25.3M
Q2 25
$30.2M
Q1 25
$13.7M
$31.3M
Q4 24
$35.1M
Q3 24
$37.0M
Q2 24
$40.4M
Q1 24
$8.4M
$39.1M
Net Profit
GVH
GVH
KREF
KREF
Q4 25
$-26.2M
Q3 25
$13.8M
Q2 25
$-29.7M
Q1 25
$450.3K
$-4.9M
Q4 24
$20.3M
Q3 24
$-7.4M
Q2 24
$25.8M
Q1 24
$898.8K
$-3.1M
Gross Margin
GVH
GVH
KREF
KREF
Q4 25
Q3 25
Q2 25
Q1 25
10.5%
Q4 24
Q3 24
Q2 24
Q1 24
19.8%
Operating Margin
GVH
GVH
KREF
KREF
Q4 25
-105.1%
Q3 25
50.4%
Q2 25
-101.3%
Q1 25
5.8%
-18.3%
Q4 24
55.8%
Q3 24
-19.6%
Q2 24
63.3%
Q1 24
13.8%
-8.7%
Net Margin
GVH
GVH
KREF
KREF
Q4 25
-101.7%
Q3 25
54.4%
Q2 25
-98.5%
Q1 25
3.3%
-15.5%
Q4 24
57.7%
Q3 24
-20.0%
Q2 24
63.9%
Q1 24
10.7%
-7.9%
EPS (diluted)
GVH
GVH
KREF
KREF
Q4 25
$-0.49
Q3 25
$0.12
Q2 25
$-0.53
Q1 25
$6.01
$-0.15
Q4 24
$0.22
Q3 24
$-0.19
Q2 24
$0.29
Q1 24
$12.57
$-0.13

Balance Sheet & Financial Strength

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

Metric
GVH
GVH
KREF
KREF
Cash + ST InvestmentsLiquidity on hand
$915.2K
$84.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.7M
$1.2B
Total Assets
$6.4M
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GVH
GVH
KREF
KREF
Q4 25
$84.6M
Q3 25
$204.1M
Q2 25
$107.7M
Q1 25
$915.2K
$106.4M
Q4 24
$104.9M
Q3 24
$108.8M
Q2 24
$107.2M
Q1 24
$2.5M
$106.5M
Stockholders' Equity
GVH
GVH
KREF
KREF
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$5.7M
$1.3B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$4.4M
$1.4B
Total Assets
GVH
GVH
KREF
KREF
Q4 25
$6.5B
Q3 25
$6.5B
Q2 25
$6.8B
Q1 25
$6.4M
$6.6B
Q4 24
$6.4B
Q3 24
$6.8B
Q2 24
$7.1B
Q1 24
$6.0M
$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
GVH
GVH
KREF
KREF
Operating Cash FlowLast quarter
$-906.3K
$72.3M
Free Cash FlowOCF − Capex
$-1.2M
FCF MarginFCF / Revenue
-8.8%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
-2.01×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GVH
GVH
KREF
KREF
Q4 25
$72.3M
Q3 25
$18.5M
Q2 25
$21.1M
Q1 25
$-906.3K
$15.9M
Q4 24
$132.6M
Q3 24
$49.1M
Q2 24
$30.6M
Q1 24
$-256.6K
$34.5M
Free Cash Flow
GVH
GVH
KREF
KREF
Q4 25
Q3 25
Q2 25
Q1 25
$-1.2M
Q4 24
Q3 24
Q2 24
Q1 24
$-730.0K
FCF Margin
GVH
GVH
KREF
KREF
Q4 25
Q3 25
Q2 25
Q1 25
-8.8%
Q4 24
Q3 24
Q2 24
Q1 24
-8.7%
Capex Intensity
GVH
GVH
KREF
KREF
Q4 25
Q3 25
Q2 25
Q1 25
2.2%
Q4 24
Q3 24
Q2 24
Q1 24
5.6%
Cash Conversion
GVH
GVH
KREF
KREF
Q4 25
Q3 25
1.34×
Q2 25
Q1 25
-2.01×
Q4 24
6.54×
Q3 24
Q2 24
1.19×
Q1 24
-0.29×

Financial Flow Comparison

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

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