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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC). 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 $23.3M, roughly 1.1× NORTHERN TECHNOLOGIES INTERNATIONAL CORP). NORTHERN TECHNOLOGIES INTERNATIONAL CORP runs the higher net margin — 1.0% vs -101.7%, a 102.8% gap on every dollar of revenue. On growth, NORTHERN TECHNOLOGIES INTERNATIONAL CORP posted the faster year-over-year revenue change (9.2% vs -26.6%). Over the past eight quarters, NORTHERN TECHNOLOGIES INTERNATIONAL CORP's revenue compounded faster (5.8% 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.
Maxar Technologies Inc., was an American space technology company, specializing in geospatial intelligence, Earth observation, and on-orbit satellite servicing, satellite products, and related services. DigitalGlobe and MDA Holdings Company merged to become Maxar Technologies on October 5, 2017.
KREF vs NTIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $25.8M | $23.3M |
| Net Profit | $-26.2M | $237.8K |
| Gross Margin | — | 36.0% |
| Operating Margin | -105.1% | 4.0% |
| Net Margin | -101.7% | 1.0% |
| Revenue YoY | -26.6% | 9.2% |
| Net Profit YoY | -229.6% | -57.6% |
| EPS (diluted) | $-0.49 | $0.03 |
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 | $23.3M | ||
| Q3 25 | $25.3M | $22.3M | ||
| Q2 25 | $30.2M | $21.5M | ||
| Q1 25 | $31.3M | $19.1M | ||
| Q4 24 | $35.1M | $21.3M | ||
| Q3 24 | $37.0M | $23.3M | ||
| Q2 24 | $40.4M | $20.7M | ||
| Q1 24 | $39.1M | $20.8M |
| Q4 25 | $-26.2M | $237.8K | ||
| Q3 25 | $13.8M | $-1.1M | ||
| Q2 25 | $-29.7M | $121.8K | ||
| Q1 25 | $-4.9M | $434.3K | ||
| Q4 24 | $20.3M | $561.1K | ||
| Q3 24 | $-7.4M | $1.8M | ||
| Q2 24 | $25.8M | $976.6K | ||
| Q1 24 | $-3.1M | $1.7M |
| Q4 25 | — | 36.0% | ||
| Q3 25 | — | 37.9% | ||
| Q2 25 | — | 38.4% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 38.3% | ||
| Q3 24 | — | 43.8% | ||
| Q2 24 | — | 38.2% | ||
| Q1 24 | — | 40.0% |
| Q4 25 | -105.1% | 4.0% | ||
| Q3 25 | 50.4% | 4.2% | ||
| Q2 25 | -101.3% | 4.0% | ||
| Q1 25 | -18.3% | -1.7% | ||
| Q4 24 | 55.8% | 5.2% | ||
| Q3 24 | -19.6% | 11.8% | ||
| Q2 24 | 63.3% | 7.4% | ||
| Q1 24 | -8.7% | 10.6% |
| Q4 25 | -101.7% | 1.0% | ||
| Q3 25 | 54.4% | -4.9% | ||
| Q2 25 | -98.5% | 0.6% | ||
| Q1 25 | -15.5% | 2.3% | ||
| Q4 24 | 57.7% | 2.6% | ||
| Q3 24 | -20.0% | 7.9% | ||
| Q2 24 | 63.9% | 4.7% | ||
| Q1 24 | -7.9% | 8.2% |
| Q4 25 | $-0.49 | $0.03 | ||
| Q3 25 | $0.12 | $-0.11 | ||
| Q2 25 | $-0.53 | $0.01 | ||
| Q1 25 | $-0.15 | $0.04 | ||
| Q4 24 | $0.22 | $0.06 | ||
| Q3 24 | $-0.19 | $0.19 | ||
| Q2 24 | $0.29 | $0.10 | ||
| Q1 24 | $-0.13 | $0.17 |
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 | $6.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $72.4M |
| Total Assets | $6.5B | $104.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.6M | $6.4M | ||
| Q3 25 | $204.1M | $7.3M | ||
| Q2 25 | $107.7M | $6.8M | ||
| Q1 25 | $106.4M | $5.1M | ||
| Q4 24 | $104.9M | $5.6M | ||
| Q3 24 | $108.8M | $5.0M | ||
| Q2 24 | $107.2M | $5.8M | ||
| Q1 24 | $106.5M | $4.8M |
| Q4 25 | $1.2B | $72.4M | ||
| Q3 25 | $1.2B | $72.1M | ||
| Q2 25 | $1.2B | $72.4M | ||
| Q1 25 | $1.3B | $69.7M | ||
| Q4 24 | $1.3B | $70.2M | ||
| Q3 24 | $1.4B | $71.2M | ||
| Q2 24 | $1.4B | $68.9M | ||
| Q1 24 | $1.4B | $68.4M |
| Q4 25 | $6.5B | $104.0M | ||
| Q3 25 | $6.5B | $102.7M | ||
| Q2 25 | $6.8B | $99.3M | ||
| Q1 25 | $6.6B | $93.7M | ||
| Q4 24 | $6.4B | $94.0M | ||
| Q3 24 | $6.8B | $94.7M | ||
| Q2 24 | $7.1B | $89.3M | ||
| Q1 24 | $7.3B | $87.3M |
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 | $341.9K |
| Free Cash FlowOCF − Capex | — | $-479.7K |
| FCF MarginFCF / Revenue | — | -2.1% |
| Capex IntensityCapex / Revenue | — | 3.5% |
| Cash ConversionOCF / Net Profit | — | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $72.3M | $341.9K | ||
| Q3 25 | $18.5M | $-1.4M | ||
| Q2 25 | $21.1M | $609.7K | ||
| Q1 25 | $15.9M | $803.7K | ||
| Q4 24 | $132.6M | $2.4M | ||
| Q3 24 | $49.1M | — | ||
| Q2 24 | $30.6M | $1.9M | ||
| Q1 24 | $34.5M | — |
| Q4 25 | — | $-479.7K | ||
| Q3 25 | — | $-1.4M | ||
| Q2 25 | — | $-171.2K | ||
| Q1 25 | — | $293.1K | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $869.4K | ||
| Q1 24 | — | — |
| Q4 25 | — | -2.1% | ||
| Q3 25 | — | -6.3% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.2% | ||
| Q1 24 | — | — |
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | — |
| Q4 25 | — | 1.44× | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | — | 5.01× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | 6.54× | 4.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.19× | 1.99× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KREF
Segment breakdown not available.
NTIC
| Inside The USA To Unaffiliated Customers | $7.5M | 32% |
| Natur Tec | $6.0M | 26% |
| Acobal | $3.6M | 15% |
| Other | $2.7M | 12% |
| BR | $2.1M | 9% |
| Zerust OY | $1.4M | 6% |
