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Side-by-side financial comparison of HEALTHY CHOICE WELLNESS CORP. (HCWC) 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 $18.7M, roughly 1.4× HEALTHY CHOICE WELLNESS CORP.). HEALTHY CHOICE WELLNESS CORP. runs the higher net margin — -8.9% vs -101.7%, a 92.9% gap on every dollar of revenue.

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.

HCWC vs KREF — Head-to-Head

Bigger by revenue
KREF
KREF
1.4× larger
KREF
$25.8M
$18.7M
HCWC
Higher net margin
HCWC
HCWC
92.9% more per $
HCWC
-8.9%
-101.7%
KREF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HCWC
HCWC
KREF
KREF
Revenue
$18.7M
$25.8M
Net Profit
$-1.7M
$-26.2M
Gross Margin
39.1%
Operating Margin
-7.6%
-105.1%
Net Margin
-8.9%
-101.7%
Revenue YoY
-26.6%
Net Profit YoY
-229.6%
EPS (diluted)
$-0.05
$-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
HCWC
HCWC
KREF
KREF
Q4 25
$18.7M
$25.8M
Q3 25
$19.0M
$25.3M
Q2 25
$20.2M
$30.2M
Q1 25
$20.3M
$31.3M
Q4 24
$35.1M
Q3 24
$18.2M
$37.0M
Q2 24
$40.4M
Q1 24
$39.1M
Net Profit
HCWC
HCWC
KREF
KREF
Q4 25
$-1.7M
$-26.2M
Q3 25
$-1.2M
$13.8M
Q2 25
$-339.4K
$-29.7M
Q1 25
$-712.4K
$-4.9M
Q4 24
$20.3M
Q3 24
$-2.7M
$-7.4M
Q2 24
$25.8M
Q1 24
$-3.1M
Gross Margin
HCWC
HCWC
KREF
KREF
Q4 25
39.1%
Q3 25
38.8%
Q2 25
40.1%
Q1 25
38.8%
Q4 24
Q3 24
38.4%
Q2 24
Q1 24
Operating Margin
HCWC
HCWC
KREF
KREF
Q4 25
-7.6%
-105.1%
Q3 25
-3.2%
50.4%
Q2 25
-0.2%
-101.3%
Q1 25
-2.0%
-18.3%
Q4 24
55.8%
Q3 24
-2.0%
-19.6%
Q2 24
63.3%
Q1 24
-8.7%
Net Margin
HCWC
HCWC
KREF
KREF
Q4 25
-8.9%
-101.7%
Q3 25
-6.4%
54.4%
Q2 25
-1.7%
-98.5%
Q1 25
-3.5%
-15.5%
Q4 24
57.7%
Q3 24
-14.6%
-20.0%
Q2 24
63.9%
Q1 24
-7.9%
EPS (diluted)
HCWC
HCWC
KREF
KREF
Q4 25
$-0.05
$-0.49
Q3 25
$-0.09
$0.12
Q2 25
$-0.03
$-0.53
Q1 25
$-0.07
$-0.15
Q4 24
$0.22
Q3 24
$-0.29
$-0.19
Q2 24
$0.29
Q1 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
HCWC
HCWC
KREF
KREF
Cash + ST InvestmentsLiquidity on hand
$3.0M
$84.6M
Total DebtLower is stronger
$7.3M
Stockholders' EquityBook value
$7.3M
$1.2B
Total Assets
$33.5M
$6.5B
Debt / EquityLower = less leverage
1.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCWC
HCWC
KREF
KREF
Q4 25
$3.0M
$84.6M
Q3 25
$3.0M
$204.1M
Q2 25
$4.7M
$107.7M
Q1 25
$1.8M
$106.4M
Q4 24
$104.9M
Q3 24
$1.8M
$108.8M
Q2 24
$107.2M
Q1 24
$106.5M
Total Debt
HCWC
HCWC
KREF
KREF
Q4 25
$7.3M
Q3 25
$8.5M
Q2 25
$9.7M
Q1 25
$10.6M
Q4 24
Q3 24
$11.6M
Q2 24
Q1 24
Stockholders' Equity
HCWC
HCWC
KREF
KREF
Q4 25
$7.3M
$1.2B
Q3 25
$5.9M
$1.2B
Q2 25
$5.8M
$1.2B
Q1 25
$2.1M
$1.3B
Q4 24
$1.3B
Q3 24
$2.9M
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Total Assets
HCWC
HCWC
KREF
KREF
Q4 25
$33.5M
$6.5B
Q3 25
$33.7M
$6.5B
Q2 25
$36.4M
$6.8B
Q1 25
$34.1M
$6.6B
Q4 24
$6.4B
Q3 24
$33.2M
$6.8B
Q2 24
$7.1B
Q1 24
$7.3B
Debt / Equity
HCWC
HCWC
KREF
KREF
Q4 25
1.00×
Q3 25
1.43×
Q2 25
1.69×
Q1 25
5.01×
Q4 24
Q3 24
3.95×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
HCWC
HCWC
KREF
KREF
Operating Cash FlowLast quarter
$-855.1K
$72.3M
Free Cash FlowOCF − Capex
$-927.1K
FCF MarginFCF / Revenue
-5.0%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$675.4K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCWC
HCWC
KREF
KREF
Q4 25
$-855.1K
$72.3M
Q3 25
$-308.7K
$18.5M
Q2 25
$1.1M
$21.1M
Q1 25
$1.1M
$15.9M
Q4 24
$132.6M
Q3 24
$49.1M
Q2 24
$30.6M
Q1 24
$34.5M
Free Cash Flow
HCWC
HCWC
KREF
KREF
Q4 25
$-927.1K
Q3 25
$-351.3K
Q2 25
$988.6K
Q1 25
$965.3K
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
HCWC
HCWC
KREF
KREF
Q4 25
-5.0%
Q3 25
-1.8%
Q2 25
4.9%
Q1 25
4.8%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
HCWC
HCWC
KREF
KREF
Q4 25
0.4%
Q3 25
0.2%
Q2 25
0.4%
Q1 25
0.6%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
HCWC
HCWC
KREF
KREF
Q4 25
Q3 25
1.34×
Q2 25
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.

Revenue Breakdown by Segment

HCWC
HCWC

Retail Grocery$17.1M91%
Food Service Restaurant$1.7M9%

KREF
KREF

Segment breakdown not available.

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