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

Mama's Creations, Inc. is the larger business by last-quarter revenue ($47.3M vs $25.8M, roughly 1.8× KKR Real Estate Finance Trust Inc.). Mama's Creations, Inc. runs the higher net margin — 1.1% vs -101.7%, a 102.9% gap on every dollar of revenue. On growth, Mama's Creations, Inc. posted the faster year-over-year revenue change (50.0% vs -26.6%). Over the past eight quarters, Mama's Creations, Inc.'s revenue compounded faster (33.0% CAGR vs -18.8%).

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.

Mama's Creations, Inc. is a U.S.-based food manufacturing enterprise that produces a wide portfolio of refrigerated ready-to-eat and heat-and-serve food products, including Italian-style meatballs, sausages, pasta dishes, and other prepared meals. It mainly distributes its offerings to grocery retailers, mass merchandisers and foodservice partners across the United States, focusing on convenient, high-quality comfort food for daily consumer demand.

KREF vs MAMA — Head-to-Head

Bigger by revenue
MAMA
MAMA
1.8× larger
MAMA
$47.3M
$25.8M
KREF
Growing faster (revenue YoY)
MAMA
MAMA
+76.5% gap
MAMA
50.0%
-26.6%
KREF
Higher net margin
MAMA
MAMA
102.9% more per $
MAMA
1.1%
-101.7%
KREF
Faster 2-yr revenue CAGR
MAMA
MAMA
Annualised
MAMA
33.0%
-18.8%
KREF

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
KREF
KREF
MAMA
MAMA
Revenue
$25.8M
$47.3M
Net Profit
$-26.2M
$540.0K
Gross Margin
23.6%
Operating Margin
-105.1%
1.7%
Net Margin
-101.7%
1.1%
Revenue YoY
-26.6%
50.0%
Net Profit YoY
-229.6%
31.7%
EPS (diluted)
$-0.49
$0.01

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
KREF
KREF
MAMA
MAMA
Q4 25
$25.8M
$47.3M
Q3 25
$25.3M
$35.2M
Q2 25
$30.2M
$35.3M
Q1 25
$31.3M
$33.6M
Q4 24
$35.1M
$31.5M
Q3 24
$37.0M
$28.4M
Q2 24
$40.4M
$29.8M
Q1 24
$39.1M
$26.7M
Net Profit
KREF
KREF
MAMA
MAMA
Q4 25
$-26.2M
$540.0K
Q3 25
$13.8M
$1.3M
Q2 25
$-29.7M
$1.2M
Q1 25
$-4.9M
$1.6M
Q4 24
$20.3M
$410.0K
Q3 24
$-7.4M
$1.1M
Q2 24
$25.8M
$553.0K
Q1 24
$-3.1M
$1.4M
Gross Margin
KREF
KREF
MAMA
MAMA
Q4 25
23.6%
Q3 25
24.9%
Q2 25
26.1%
Q1 25
27.0%
Q4 24
22.6%
Q3 24
24.2%
Q2 24
25.0%
Q1 24
29.3%
Operating Margin
KREF
KREF
MAMA
MAMA
Q4 25
-105.1%
1.7%
Q3 25
50.4%
4.8%
Q2 25
-101.3%
4.5%
Q1 25
-18.3%
5.7%
Q4 24
55.8%
1.8%
Q3 24
-19.6%
5.7%
Q2 24
63.3%
2.6%
Q1 24
-8.7%
7.4%
Net Margin
KREF
KREF
MAMA
MAMA
Q4 25
-101.7%
1.1%
Q3 25
54.4%
3.6%
Q2 25
-98.5%
3.5%
Q1 25
-15.5%
4.8%
Q4 24
57.7%
1.3%
Q3 24
-20.0%
4.0%
Q2 24
63.9%
1.9%
Q1 24
-7.9%
5.3%
EPS (diluted)
KREF
KREF
MAMA
MAMA
Q4 25
$-0.49
$0.01
Q3 25
$0.12
$0.03
Q2 25
$-0.53
$0.03
Q1 25
$-0.15
$0.04
Q4 24
$0.22
$0.01
Q3 24
$-0.19
$0.03
Q2 24
$0.29
$0.01
Q1 24
$-0.13
$0.03

Balance Sheet & Financial Strength

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

Metric
KREF
KREF
MAMA
MAMA
Cash + ST InvestmentsLiquidity on hand
$84.6M
$18.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$49.6M
Total Assets
$6.5B
$84.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KREF
KREF
MAMA
MAMA
Q4 25
$84.6M
$18.1M
Q3 25
$204.1M
$9.4M
Q2 25
$107.7M
$12.0M
Q1 25
$106.4M
$7.2M
Q4 24
$104.9M
$9.3M
Q3 24
$108.8M
$7.4M
Q2 24
$107.2M
$13.0M
Q1 24
$106.5M
$11.0M
Stockholders' Equity
KREF
KREF
MAMA
MAMA
Q4 25
$1.2B
$49.6M
Q3 25
$1.2B
$29.6M
Q2 25
$1.2B
$26.4M
Q1 25
$1.3B
$24.9M
Q4 24
$1.3B
$23.0M
Q3 24
$1.4B
$22.3M
Q2 24
$1.4B
$20.3M
Q1 24
$1.4B
$19.6M
Total Assets
KREF
KREF
MAMA
MAMA
Q4 25
$6.5B
$84.0M
Q3 25
$6.5B
$51.2M
Q2 25
$6.8B
$52.7M
Q1 25
$6.6B
$47.1M
Q4 24
$6.4B
$47.9M
Q3 24
$6.8B
$43.0M
Q2 24
$7.1B
$47.2M
Q1 24
$7.3B
$45.1M

Cash Flow & Capital Efficiency

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

Metric
KREF
KREF
MAMA
MAMA
Operating Cash FlowLast quarter
$72.3M
$3.9M
Free Cash FlowOCF − Capex
$3.7M
FCF MarginFCF / Revenue
7.8%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
7.16×
TTM Free Cash FlowTrailing 4 quarters
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KREF
KREF
MAMA
MAMA
Q4 25
$72.3M
$3.9M
Q3 25
$18.5M
$-1.7M
Q2 25
$21.1M
$6.0M
Q1 25
$15.9M
$-857.0K
Q4 24
$132.6M
$4.8M
Q3 24
$49.1M
$-2.4M
Q2 24
$30.6M
$3.6M
Q1 24
$34.5M
$6.7M
Free Cash Flow
KREF
KREF
MAMA
MAMA
Q4 25
$3.7M
Q3 25
$-2.2M
Q2 25
$5.5M
Q1 25
$-930.0K
Q4 24
$2.5M
Q3 24
$-4.0M
Q2 24
$2.5M
Q1 24
$6.6M
FCF Margin
KREF
KREF
MAMA
MAMA
Q4 25
7.8%
Q3 25
-6.2%
Q2 25
15.5%
Q1 25
-2.8%
Q4 24
8.0%
Q3 24
-14.1%
Q2 24
8.4%
Q1 24
24.8%
Capex Intensity
KREF
KREF
MAMA
MAMA
Q4 25
0.4%
Q3 25
1.5%
Q2 25
1.5%
Q1 25
0.2%
Q4 24
7.2%
Q3 24
5.6%
Q2 24
3.8%
Q1 24
0.4%
Cash Conversion
KREF
KREF
MAMA
MAMA
Q4 25
7.16×
Q3 25
1.34×
-1.31×
Q2 25
4.85×
Q1 25
-0.54×
Q4 24
6.54×
11.71×
Q3 24
-2.10×
Q2 24
1.19×
6.58×
Q1 24
4.79×

Financial Flow Comparison

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

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