vs
Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and Mastech Digital, Inc. (MHH). Click either name above to swap in a different company.
Mastech Digital, Inc. is the larger business by last-quarter revenue ($45.5M vs $25.8M, roughly 1.8× KKR Real Estate Finance Trust Inc.). Mastech Digital, Inc. runs the higher net margin — 2.1% vs -101.7%, a 103.9% gap on every dollar of revenue. On growth, Mastech Digital, Inc. posted the faster year-over-year revenue change (-10.4% vs -26.6%). Over the past eight quarters, Mastech Digital, Inc.'s revenue compounded faster (-1.5% 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.
Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.
KREF vs MHH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.8M | $45.5M |
| Net Profit | $-26.2M | $972.0K |
| Gross Margin | — | 28.3% |
| Operating Margin | -105.1% | 2.2% |
| Net Margin | -101.7% | 2.1% |
| Revenue YoY | -26.6% | -10.4% |
| Net Profit YoY | -229.6% | 227.3% |
| EPS (diluted) | $-0.49 | $0.08 |
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.
| Q4 25 | $25.8M | $45.5M | ||
| Q3 25 | $25.3M | $48.5M | ||
| Q2 25 | $30.2M | $49.1M | ||
| Q1 25 | $31.3M | $48.3M | ||
| Q4 24 | $35.1M | $50.7M | ||
| Q3 24 | $37.0M | $51.8M | ||
| Q2 24 | $40.4M | $49.5M | ||
| Q1 24 | $39.1M | $46.8M |
| Q4 25 | $-26.2M | $972.0K | ||
| Q3 25 | $13.8M | $941.0K | ||
| Q2 25 | $-29.7M | $135.0K | ||
| Q1 25 | $-4.9M | $-1.4M | ||
| Q4 24 | $20.3M | $297.0K | ||
| Q3 24 | $-7.4M | $1.9M | ||
| Q2 24 | $25.8M | $1.4M | ||
| Q1 24 | $-3.1M | $-161.0K |
| Q4 25 | — | 28.3% | ||
| Q3 25 | — | 27.8% | ||
| Q2 25 | — | 28.1% | ||
| Q1 25 | — | 26.7% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 28.5% | ||
| Q2 24 | — | 28.2% | ||
| Q1 24 | — | 25.9% |
| Q4 25 | -105.1% | 2.2% | ||
| Q3 25 | 50.4% | 1.7% | ||
| Q2 25 | -101.3% | 0.1% | ||
| Q1 25 | -18.3% | -3.8% | ||
| Q4 24 | 55.8% | 0.1% | ||
| Q3 24 | -19.6% | 4.7% | ||
| Q2 24 | 63.3% | 3.4% | ||
| Q1 24 | -8.7% | -0.9% |
| Q4 25 | -101.7% | 2.1% | ||
| Q3 25 | 54.4% | 1.9% | ||
| Q2 25 | -98.5% | 0.3% | ||
| Q1 25 | -15.5% | -3.0% | ||
| Q4 24 | 57.7% | 0.6% | ||
| Q3 24 | -20.0% | 3.6% | ||
| Q2 24 | 63.9% | 2.8% | ||
| Q1 24 | -7.9% | -0.3% |
| Q4 25 | $-0.49 | $0.08 | ||
| Q3 25 | $0.12 | $0.08 | ||
| Q2 25 | $-0.53 | $0.01 | ||
| Q1 25 | $-0.15 | $-0.12 | ||
| Q4 24 | $0.22 | $0.01 | ||
| Q3 24 | $-0.19 | $0.16 | ||
| Q2 24 | $0.29 | $0.12 | ||
| Q1 24 | $-0.13 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $84.6M | $36.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $89.3M |
| Total Assets | $6.5B | $111.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.6M | $36.5M | ||
| Q3 25 | $204.1M | $32.7M | ||
| Q2 25 | $107.7M | $27.9M | ||
| Q1 25 | $106.4M | $24.7M | ||
| Q4 24 | $104.9M | $27.7M | ||
| Q3 24 | $108.8M | $23.9M | ||
| Q2 24 | $107.2M | $20.6M | ||
| Q1 24 | $106.5M | $19.4M |
| Q4 25 | $1.2B | $89.3M | ||
| Q3 25 | $1.2B | $88.0M | ||
| Q2 25 | $1.2B | $87.8M | ||
| Q1 25 | $1.3B | $86.9M | ||
| Q4 24 | $1.3B | $87.4M | ||
| Q3 24 | $1.4B | $86.5M | ||
| Q2 24 | $1.4B | $84.0M | ||
| Q1 24 | $1.4B | $81.7M |
| Q4 25 | $6.5B | $111.8M | ||
| Q3 25 | $6.5B | $112.6M | ||
| Q2 25 | $6.8B | $110.4M | ||
| Q1 25 | $6.6B | $110.1M | ||
| Q4 24 | $6.4B | $111.5M | ||
| Q3 24 | $6.8B | $111.5M | ||
| Q2 24 | $7.1B | $107.5M | ||
| Q1 24 | $7.3B | $106.1M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $72.3M | $4.4M |
| Free Cash FlowOCF − Capex | — | $4.3M |
| FCF MarginFCF / Revenue | — | 9.5% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.48× |
| TTM Free Cash FlowTrailing 4 quarters | — | $10.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $72.3M | $4.4M | ||
| Q3 25 | $18.5M | $6.5M | ||
| Q2 25 | $21.1M | $3.3M | ||
| Q1 25 | $15.9M | $-3.0M | ||
| Q4 24 | $132.6M | $4.0M | ||
| Q3 24 | $49.1M | $3.3M | ||
| Q2 24 | $30.6M | $1.2M | ||
| Q1 24 | $34.5M | $-1.3M |
| Q4 25 | — | $4.3M | ||
| Q3 25 | — | $6.3M | ||
| Q2 25 | — | $3.2M | ||
| Q1 25 | — | $-3.1M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $707.0K | ||
| Q1 24 | — | $-1.6M |
| Q4 25 | — | 9.5% | ||
| Q3 25 | — | 13.0% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | -6.4% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | -3.4% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | — | 4.48× | ||
| Q3 25 | 1.34× | 6.88× | ||
| Q2 25 | — | 24.41× | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.54× | 13.60× | ||
| Q3 24 | — | 1.76× | ||
| Q2 24 | 1.19× | 0.85× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KREF
Segment breakdown not available.
MHH
| IT Staffing Services | $37.6M | 83% |
| Data And Analytics Services | $7.8M | 17% |
