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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and Massimo Group (MAMO). 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 $21.0M, roughly 1.2× Massimo Group). Massimo Group runs the higher net margin — 9.5% vs -101.7%, a 111.2% gap on every dollar of revenue. On growth, Massimo Group posted the faster year-over-year revenue change (15.7% vs -26.6%). Over the past eight quarters, Massimo Group's revenue compounded faster (-16.5% 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.

Massimo Dutti, S.A. is a Spanish premium clothing retailer specializing in cashmere and wool products, established in 1985 and owned by Spanish multinational company Inditex, the parent company of Zara, Pull&Bear, and other brands.

KREF vs MAMO — Head-to-Head

Bigger by revenue
KREF
KREF
1.2× larger
KREF
$25.8M
$21.0M
MAMO
Growing faster (revenue YoY)
MAMO
MAMO
+42.3% gap
MAMO
15.7%
-26.6%
KREF
Higher net margin
MAMO
MAMO
111.2% more per $
MAMO
9.5%
-101.7%
KREF
Faster 2-yr revenue CAGR
MAMO
MAMO
Annualised
MAMO
-16.5%
-18.8%
KREF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KREF
KREF
MAMO
MAMO
Revenue
$25.8M
$21.0M
Net Profit
$-26.2M
$2.0M
Gross Margin
41.5%
Operating Margin
-105.1%
13.1%
Net Margin
-101.7%
9.5%
Revenue YoY
-26.6%
15.7%
Net Profit YoY
-229.6%
215.0%
EPS (diluted)
$-0.49
$0.05

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
MAMO
MAMO
Q4 25
$25.8M
$21.0M
Q3 25
$25.3M
$17.0M
Q2 25
$30.2M
$18.9M
Q1 25
$31.3M
$14.9M
Q4 24
$35.1M
$18.2M
Q3 24
$37.0M
$25.6M
Q2 24
$40.4M
$35.4M
Q1 24
$39.1M
$30.2M
Net Profit
KREF
KREF
MAMO
MAMO
Q4 25
$-26.2M
$2.0M
Q3 25
$13.8M
$1.5M
Q2 25
$-29.7M
$77.7K
Q1 25
$-4.9M
$-2.1M
Q4 24
$20.3M
$-1.7M
Q3 24
$-7.4M
$-2.5M
Q2 24
$25.8M
$2.8M
Q1 24
$-3.1M
$3.2M
Gross Margin
KREF
KREF
MAMO
MAMO
Q4 25
41.5%
Q3 25
42.0%
Q2 25
36.3%
Q1 25
28.4%
Q4 24
19.6%
Q3 24
27.2%
Q2 24
32.5%
Q1 24
34.7%
Operating Margin
KREF
KREF
MAMO
MAMO
Q4 25
-105.1%
13.1%
Q3 25
50.4%
10.5%
Q2 25
-101.3%
0.8%
Q1 25
-18.3%
-18.2%
Q4 24
55.8%
-15.4%
Q3 24
-19.6%
1.2%
Q2 24
63.3%
10.1%
Q1 24
-8.7%
13.2%
Net Margin
KREF
KREF
MAMO
MAMO
Q4 25
-101.7%
9.5%
Q3 25
54.4%
9.0%
Q2 25
-98.5%
0.4%
Q1 25
-15.5%
-14.0%
Q4 24
57.7%
-9.5%
Q3 24
-20.0%
-9.8%
Q2 24
63.9%
8.0%
Q1 24
-7.9%
10.6%
EPS (diluted)
KREF
KREF
MAMO
MAMO
Q4 25
$-0.49
$0.05
Q3 25
$0.12
$0.04
Q2 25
$-0.53
$0.00
Q1 25
$-0.15
$-0.05
Q4 24
$0.22
$-0.05
Q3 24
$-0.19
$-0.06
Q2 24
$0.29
$0.07
Q1 24
$-0.13
$0.08

Balance Sheet & Financial Strength

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

Metric
KREF
KREF
MAMO
MAMO
Cash + ST InvestmentsLiquidity on hand
$84.6M
$5.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$23.7M
Total Assets
$6.5B
$51.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KREF
KREF
MAMO
MAMO
Q4 25
$84.6M
$5.8M
Q3 25
$204.1M
$2.6M
Q2 25
$107.7M
Q1 25
$106.4M
$3.0M
Q4 24
$104.9M
$10.2M
Q3 24
$108.8M
Q2 24
$107.2M
Q1 24
$106.5M
Stockholders' Equity
KREF
KREF
MAMO
MAMO
Q4 25
$1.2B
$23.7M
Q3 25
$1.2B
$21.7M
Q2 25
$1.2B
$20.2M
Q1 25
$1.3B
$19.9M
Q4 24
$1.3B
$21.7M
Q3 24
$1.4B
$22.5M
Q2 24
$1.4B
$24.7M
Q1 24
$1.4B
$18.1M
Total Assets
KREF
KREF
MAMO
MAMO
Q4 25
$6.5B
$51.4M
Q3 25
$6.5B
$44.4M
Q2 25
$6.8B
$45.9M
Q1 25
$6.6B
$46.4M
Q4 24
$6.4B
$54.9M
Q3 24
$6.8B
$57.1M
Q2 24
$7.1B
$49.9M
Q1 24
$7.3B
$47.3M

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
MAMO
MAMO
Operating Cash FlowLast quarter
$72.3M
$4.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.01×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KREF
KREF
MAMO
MAMO
Q4 25
$72.3M
$4.0M
Q3 25
$18.5M
$633.2K
Q2 25
$21.1M
$-1.4M
Q1 25
$15.9M
$-3.3M
Q4 24
$132.6M
$9.1M
Q3 24
$49.1M
$4.7M
Q2 24
$30.6M
$-6.5M
Q1 24
$34.5M
$-637.0K
Free Cash Flow
KREF
KREF
MAMO
MAMO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$9.0M
Q3 24
$4.6M
Q2 24
$-6.7M
Q1 24
$-741.4K
FCF Margin
KREF
KREF
MAMO
MAMO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
49.7%
Q3 24
18.1%
Q2 24
-19.0%
Q1 24
-2.5%
Capex Intensity
KREF
KREF
MAMO
MAMO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.2%
Q3 24
0.3%
Q2 24
0.7%
Q1 24
0.3%
Cash Conversion
KREF
KREF
MAMO
MAMO
Q4 25
2.01×
Q3 25
1.34×
0.41×
Q2 25
-17.92×
Q1 25
Q4 24
6.54×
Q3 24
Q2 24
1.19×
-2.30×
Q1 24
-0.20×

Financial Flow Comparison

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

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