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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and MDxHealth SA (MDXH). 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 $19.8M, roughly 1.3× MDxHealth SA).

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.

MDxHealth SA is a global molecular diagnostics company specializing in non-invasive precision oncology tests focused primarily on urological cancers including prostate and bladder cancer. It operates across key markets in North America and Europe, providing clinicians with actionable diagnostic insights to guide personalized treatment decisions, reduce unnecessary invasive procedures, and improve patient care outcomes.

KREF vs MDXH — Head-to-Head

Bigger by revenue
KREF
KREF
1.3× larger
KREF
$25.8M
$19.8M
MDXH

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
KREF
KREF
MDXH
MDXH
Revenue
$25.8M
$19.8M
Net Profit
$-26.2M
Gross Margin
60.8%
Operating Margin
-105.1%
-33.3%
Net Margin
-101.7%
Revenue YoY
-26.6%
Net Profit YoY
-229.6%
EPS (diluted)
$-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
KREF
KREF
MDXH
MDXH
Q4 25
$25.8M
Q3 25
$25.3M
Q2 25
$30.2M
Q1 25
$31.3M
$19.8M
Q4 24
$35.1M
Q3 24
$37.0M
Q2 24
$40.4M
Q1 24
$39.1M
$14.7M
Net Profit
KREF
KREF
MDXH
MDXH
Q4 25
$-26.2M
Q3 25
$13.8M
Q2 25
$-29.7M
Q1 25
$-4.9M
Q4 24
$20.3M
Q3 24
$-7.4M
Q2 24
$25.8M
Q1 24
$-3.1M
Gross Margin
KREF
KREF
MDXH
MDXH
Q4 25
Q3 25
Q2 25
Q1 25
60.8%
Q4 24
Q3 24
Q2 24
Q1 24
59.3%
Operating Margin
KREF
KREF
MDXH
MDXH
Q4 25
-105.1%
Q3 25
50.4%
Q2 25
-101.3%
Q1 25
-18.3%
-33.3%
Q4 24
55.8%
Q3 24
-19.6%
Q2 24
63.3%
Q1 24
-8.7%
-59.3%
Net Margin
KREF
KREF
MDXH
MDXH
Q4 25
-101.7%
Q3 25
54.4%
Q2 25
-98.5%
Q1 25
-15.5%
Q4 24
57.7%
Q3 24
-20.0%
Q2 24
63.9%
Q1 24
-7.9%
EPS (diluted)
KREF
KREF
MDXH
MDXH
Q4 25
$-0.49
Q3 25
$0.12
Q2 25
$-0.53
Q1 25
$-0.15
Q4 24
$0.22
Q3 24
$-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
KREF
KREF
MDXH
MDXH
Cash + ST InvestmentsLiquidity on hand
$84.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
Total Assets
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KREF
KREF
MDXH
MDXH
Q4 25
$84.6M
Q3 25
$204.1M
Q2 25
$107.7M
Q1 25
$106.4M
Q4 24
$104.9M
Q3 24
$108.8M
Q2 24
$107.2M
Q1 24
$106.5M
Stockholders' Equity
KREF
KREF
MDXH
MDXH
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Total Assets
KREF
KREF
MDXH
MDXH
Q4 25
$6.5B
Q3 25
$6.5B
Q2 25
$6.8B
Q1 25
$6.6B
Q4 24
$6.4B
Q3 24
$6.8B
Q2 24
$7.1B
Q1 24
$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
KREF
KREF
MDXH
MDXH
Operating Cash FlowLast quarter
$72.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KREF
KREF
MDXH
MDXH
Q4 25
$72.3M
Q3 25
$18.5M
Q2 25
$21.1M
Q1 25
$15.9M
Q4 24
$132.6M
Q3 24
$49.1M
Q2 24
$30.6M
Q1 24
$34.5M
Cash Conversion
KREF
KREF
MDXH
MDXH
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.

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