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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and Maison Solutions Inc. (MSS). Click either name above to swap in a different company.
Maison Solutions Inc. is the larger business by last-quarter revenue ($27.6M vs $25.8M, roughly 1.1× KKR Real Estate Finance Trust Inc.). Maison Solutions Inc. runs the higher net margin — -18.0% vs -101.7%, a 83.8% gap on every dollar of revenue. On growth, Maison Solutions Inc. posted the faster year-over-year revenue change (-10.9% vs -26.6%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% 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.
Maison Solutions Inc.MSSEarnings & Financial Report
Maison Solutions Inc. is a specialty home goods retail company that provides a diverse portfolio of stylish, affordably priced furniture, home decor items, and daily household products. Its primary market is the Guangdong-Hong Kong-Macao Greater Bay Area in China, serving mass consumers through both offline physical stores and online e-commerce channels.
KREF vs MSS — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $25.8M | $27.6M |
| Net Profit | $-26.2M | $-5.0M |
| Gross Margin | — | 23.4% |
| Operating Margin | -105.1% | -4.9% |
| Net Margin | -101.7% | -18.0% |
| Revenue YoY | -26.6% | -10.9% |
| Net Profit YoY | -229.6% | -1840.5% |
| EPS (diluted) | $-0.49 | $-0.23 |
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 | $27.6M | ||
| Q3 25 | $25.3M | $27.2M | ||
| Q2 25 | $30.2M | $34.4M | ||
| Q1 25 | $31.3M | $32.3M | ||
| Q4 24 | $35.1M | $29.4M | ||
| Q3 24 | $37.0M | $28.2M | ||
| Q2 24 | $40.4M | $16.9M | ||
| Q1 24 | $39.1M | $13.6M |
| Q4 25 | $-26.2M | $-5.0M | ||
| Q3 25 | $13.8M | $-1.5M | ||
| Q2 25 | $-29.7M | $-287.4K | ||
| Q1 25 | $-4.9M | $1.0M | ||
| Q4 24 | $20.3M | $-256.0K | ||
| Q3 24 | $-7.4M | $700.9K | ||
| Q2 24 | $25.8M | $-2.8M | ||
| Q1 24 | $-3.1M | $-549.0K |
| Q4 25 | — | 23.4% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | — | 26.9% | ||
| Q3 24 | — | 28.9% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 23.4% |
| Q4 25 | -105.1% | -4.9% | ||
| Q3 25 | 50.4% | 0.7% | ||
| Q2 25 | -101.3% | -15.9% | ||
| Q1 25 | -18.3% | 3.7% | ||
| Q4 24 | 55.8% | 3.2% | ||
| Q3 24 | -19.6% | 7.3% | ||
| Q2 24 | 63.3% | -14.4% | ||
| Q1 24 | -8.7% | -2.3% |
| Q4 25 | -101.7% | -18.0% | ||
| Q3 25 | 54.4% | -5.7% | ||
| Q2 25 | -98.5% | -0.8% | ||
| Q1 25 | -15.5% | 3.1% | ||
| Q4 24 | 57.7% | -0.9% | ||
| Q3 24 | -20.0% | 2.5% | ||
| Q2 24 | 63.9% | -16.4% | ||
| Q1 24 | -7.9% | -4.0% |
| Q4 25 | $-0.49 | $-0.23 | ||
| Q3 25 | $0.12 | $-0.08 | ||
| Q2 25 | $-0.53 | $-0.02 | ||
| Q1 25 | $-0.15 | $0.06 | ||
| Q4 24 | $0.22 | $-0.01 | ||
| Q3 24 | $-0.19 | $0.04 | ||
| Q2 24 | $0.29 | $-0.16 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $84.6M | — |
| Total DebtLower is stronger | — | $2.6M |
| Stockholders' EquityBook value | $1.2B | $11.6M |
| Total Assets | $6.5B | $75.4M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.6M | — | ||
| Q3 25 | $204.1M | $1.1M | ||
| Q2 25 | $107.7M | $775.4K | ||
| Q1 25 | $106.4M | $445.4K | ||
| Q4 24 | $104.9M | $355.7K | ||
| Q3 24 | $108.8M | $588.9K | ||
| Q2 24 | $107.2M | $2.1M | ||
| Q1 24 | $106.5M | $9.4M |
| Q4 25 | — | $2.6M | ||
| Q3 25 | — | $2.6M | ||
| Q2 25 | — | $2.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.5M | ||
| Q2 24 | — | $2.6M | ||
| Q1 24 | — | $2.6M |
| Q4 25 | $1.2B | $11.6M | ||
| Q3 25 | $1.2B | $10.1M | ||
| Q2 25 | $1.2B | $11.7M | ||
| Q1 25 | $1.3B | $12.0M | ||
| Q4 24 | $1.3B | $10.9M | ||
| Q3 24 | $1.4B | $11.2M | ||
| Q2 24 | $1.4B | $10.5M | ||
| Q1 24 | $1.4B | $13.3M |
| Q4 25 | $6.5B | $75.4M | ||
| Q3 25 | $6.5B | $73.3M | ||
| Q2 25 | $6.8B | $77.4M | ||
| Q1 25 | $6.6B | $82.7M | ||
| Q4 24 | $6.4B | $82.7M | ||
| Q3 24 | $6.8B | $82.1M | ||
| Q2 24 | $7.1B | $82.4M | ||
| Q1 24 | $7.3B | $44.2M |
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.24× | ||
| Q1 24 | — | 0.19× |
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 | $-1.7M |
| 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.
| Q4 25 | $72.3M | $-1.7M | ||
| Q3 25 | $18.5M | $1.1M | ||
| Q2 25 | $21.1M | $-1.6M | ||
| Q1 25 | $15.9M | $1.7M | ||
| Q4 24 | $132.6M | $1.1M | ||
| Q3 24 | $49.1M | $3.6M | ||
| Q2 24 | $30.6M | $-2.6M | ||
| Q1 24 | $34.5M | $-1.4M |
| Q4 25 | — | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.66× | ||
| Q4 24 | 6.54× | — | ||
| Q3 24 | — | 5.12× | ||
| Q2 24 | 1.19× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KREF
Segment breakdown not available.
MSS
| Perishables | $14.4M | 52% |
| Nonperishables | $13.2M | 48% |
