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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and Ostin Technology Group Co., Ltd. (OST). 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 $20.8M, roughly 1.2× Ostin Technology Group Co., Ltd.). Ostin Technology Group Co., Ltd. runs the higher net margin — -24.8% vs -101.7%, a 76.9% gap on every dollar of revenue. On growth, Ostin Technology Group Co., Ltd. posted the faster year-over-year revenue change (39.2% vs -26.6%).

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.

Ostin Technology Group Co., Ltd. is a provider of display and interactive technology solutions. It develops and manufactures touch panels, interactive whiteboards and custom display modules, serving consumer electronics, education and commercial segments across Asia Pacific, North America and European markets.

KREF vs OST — Head-to-Head

Bigger by revenue
KREF
KREF
1.2× larger
KREF
$25.8M
$20.8M
OST
Growing faster (revenue YoY)
OST
OST
+65.8% gap
OST
39.2%
-26.6%
KREF
Higher net margin
OST
OST
76.9% more per $
OST
-24.8%
-101.7%
KREF

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
KREF
KREF
OST
OST
Revenue
$25.8M
$20.8M
Net Profit
$-26.2M
$-5.2M
Gross Margin
9.1%
Operating Margin
-105.1%
-23.4%
Net Margin
-101.7%
-24.8%
Revenue YoY
-26.6%
39.2%
Net Profit YoY
-229.6%
-11.6%
EPS (diluted)
$-0.49
$-2.98

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
OST
OST
Q4 25
$25.8M
Q3 25
$25.3M
Q2 25
$30.2M
Q1 25
$31.3M
$20.8M
Q4 24
$35.1M
Q3 24
$37.0M
Q2 24
$40.4M
Q1 24
$39.1M
$15.0M
Net Profit
KREF
KREF
OST
OST
Q4 25
$-26.2M
Q3 25
$13.8M
Q2 25
$-29.7M
Q1 25
$-4.9M
$-5.2M
Q4 24
$20.3M
Q3 24
$-7.4M
Q2 24
$25.8M
Q1 24
$-3.1M
$-4.6M
Gross Margin
KREF
KREF
OST
OST
Q4 25
Q3 25
Q2 25
Q1 25
9.1%
Q4 24
Q3 24
Q2 24
Q1 24
5.9%
Operating Margin
KREF
KREF
OST
OST
Q4 25
-105.1%
Q3 25
50.4%
Q2 25
-101.3%
Q1 25
-18.3%
-23.4%
Q4 24
55.8%
Q3 24
-19.6%
Q2 24
63.3%
Q1 24
-8.7%
-25.3%
Net Margin
KREF
KREF
OST
OST
Q4 25
-101.7%
Q3 25
54.4%
Q2 25
-98.5%
Q1 25
-15.5%
-24.8%
Q4 24
57.7%
Q3 24
-20.0%
Q2 24
63.9%
Q1 24
-7.9%
-31.0%
EPS (diluted)
KREF
KREF
OST
OST
Q4 25
$-0.49
Q3 25
$0.12
Q2 25
$-0.53
Q1 25
$-0.15
$-2.98
Q4 24
$0.22
Q3 24
$-0.19
Q2 24
$0.29
Q1 24
$-0.13
$-0.29

Balance Sheet & Financial Strength

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

Metric
KREF
KREF
OST
OST
Cash + ST InvestmentsLiquidity on hand
$84.6M
$1.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$2.7M
Total Assets
$6.5B
$52.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KREF
KREF
OST
OST
Q4 25
$84.6M
Q3 25
$204.1M
Q2 25
$107.7M
Q1 25
$106.4M
$1.7M
Q4 24
$104.9M
Q3 24
$108.8M
Q2 24
$107.2M
Q1 24
$106.5M
$1.7M
Stockholders' Equity
KREF
KREF
OST
OST
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
$2.7M
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
$10.3M
Total Assets
KREF
KREF
OST
OST
Q4 25
$6.5B
Q3 25
$6.5B
Q2 25
$6.8B
Q1 25
$6.6B
$52.6M
Q4 24
$6.4B
Q3 24
$6.8B
Q2 24
$7.1B
Q1 24
$7.3B
$51.4M

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
OST
OST
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
OST
OST
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
$-3.9M
Free Cash Flow
KREF
KREF
OST
OST
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$-4.5M
FCF Margin
KREF
KREF
OST
OST
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-30.1%
Capex Intensity
KREF
KREF
OST
OST
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
4.1%
Cash Conversion
KREF
KREF
OST
OST
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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