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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and Outdoor Holding Co (POWW). 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 $13.4M, roughly 1.9× Outdoor Holding Co). Outdoor Holding Co runs the higher net margin — 16.7% vs -101.7%, a 118.4% gap on every dollar of revenue. On growth, KKR Real Estate Finance Trust Inc. posted the faster year-over-year revenue change (-26.6% vs -54.1%).
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.
Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.
KREF vs POWW — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $25.8M | $13.4M |
| Net Profit | $-26.2M | $2.2M |
| Gross Margin | — | 87.1% |
| Operating Margin | -105.1% | 14.7% |
| Net Margin | -101.7% | 16.7% |
| Revenue YoY | -26.6% | -54.1% |
| Net Profit YoY | -229.6% | 108.5% |
| EPS (diluted) | $-0.49 | $0.01 |
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 | $13.4M | ||
| Q3 25 | $25.3M | $12.0M | ||
| Q2 25 | $30.2M | $11.9M | ||
| Q1 25 | $31.3M | $12.6M | ||
| Q4 24 | $35.1M | $12.5M | ||
| Q3 24 | $37.0M | $12.0M | ||
| Q2 24 | $40.4M | $12.3M | ||
| Q1 24 | $39.1M | $-50.7M |
| Q4 25 | $-26.2M | $2.2M | ||
| Q3 25 | $13.8M | $1.4M | ||
| Q2 25 | $-29.7M | $-6.5M | ||
| Q1 25 | $-4.9M | $-77.5M | ||
| Q4 24 | $20.3M | $-26.1M | ||
| Q3 24 | $-7.4M | $-12.4M | ||
| Q2 24 | $25.8M | $-14.8M | ||
| Q1 24 | $-3.1M | $-5.2M |
| Q4 25 | — | 87.1% | ||
| Q3 25 | — | 87.1% | ||
| Q2 25 | — | 87.2% | ||
| Q1 25 | — | 87.5% | ||
| Q4 24 | — | 87.4% | ||
| Q3 24 | — | 86.9% | ||
| Q2 24 | — | 85.8% | ||
| Q1 24 | — | — |
| Q4 25 | -105.1% | 14.7% | ||
| Q3 25 | 50.4% | 5.9% | ||
| Q2 25 | -101.3% | -50.7% | ||
| Q1 25 | -18.3% | -213.6% | ||
| Q4 24 | 55.8% | -163.8% | ||
| Q3 24 | -19.6% | -50.3% | ||
| Q2 24 | 63.3% | -50.8% | ||
| Q1 24 | -8.7% | — |
| Q4 25 | -101.7% | 16.7% | ||
| Q3 25 | 54.4% | 11.7% | ||
| Q2 25 | -98.5% | -54.5% | ||
| Q1 25 | -15.5% | -614.5% | ||
| Q4 24 | 57.7% | -208.7% | ||
| Q3 24 | -20.0% | -103.7% | ||
| Q2 24 | 63.9% | -120.2% | ||
| Q1 24 | -7.9% | 10.3% |
| Q4 25 | $-0.49 | $0.01 | ||
| Q3 25 | $0.12 | $0.01 | ||
| Q2 25 | $-0.53 | $-0.06 | ||
| Q1 25 | $-0.15 | $-0.67 | ||
| Q4 24 | $0.22 | $-0.23 | ||
| Q3 24 | $-0.19 | $-0.11 | ||
| Q2 24 | $0.29 | $-0.13 | ||
| Q1 24 | $-0.13 | $-0.05 |
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 | $69.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $237.3M |
| Total Assets | $6.5B | $271.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.6M | $69.9M | ||
| Q3 25 | $204.1M | $65.7M | ||
| Q2 25 | $107.7M | $63.4M | ||
| Q1 25 | $106.4M | $30.2M | ||
| Q4 24 | $104.9M | $31.9M | ||
| Q3 24 | $108.8M | $33.5M | ||
| Q2 24 | $107.2M | $50.8M | ||
| Q1 24 | $106.5M | $55.6M |
| Q4 25 | $1.2B | $237.3M | ||
| Q3 25 | $1.2B | $235.4M | ||
| Q2 25 | $1.2B | $222.5M | ||
| Q1 25 | $1.3B | $222.0M | ||
| Q4 24 | $1.3B | $299.6M | ||
| Q3 24 | $1.4B | $325.6M | ||
| Q2 24 | $1.4B | $342.5M | ||
| Q1 24 | $1.4B | $358.0M |
| Q4 25 | $6.5B | $271.7M | ||
| Q3 25 | $6.5B | $270.3M | ||
| Q2 25 | $6.8B | $269.5M | ||
| Q1 25 | $6.6B | $297.3M | ||
| Q4 24 | $6.4B | $355.4M | ||
| Q3 24 | $6.8B | $368.9M | ||
| Q2 24 | $7.1B | $398.6M | ||
| Q1 24 | $7.3B | $403.0M |
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 | $5.7M |
| Free Cash FlowOCF − Capex | — | $5.0M |
| FCF MarginFCF / Revenue | — | 37.6% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | — | 2.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $72.3M | $5.7M | ||
| Q3 25 | $18.5M | $3.2M | ||
| Q2 25 | $21.1M | $-6.7M | ||
| Q1 25 | $15.9M | $-1.5M | ||
| Q4 24 | $132.6M | $1.3M | ||
| Q3 24 | $49.1M | $-9.3M | ||
| Q2 24 | $30.6M | $-547.5K | ||
| Q1 24 | $34.5M | $4.3M |
| Q4 25 | — | $5.0M | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | — | $-7.6M | ||
| Q1 25 | — | $-2.3M | ||
| Q4 24 | — | $720.3K | ||
| Q3 24 | — | $-10.6M | ||
| Q2 24 | — | $-1.3M | ||
| Q1 24 | — | $1.4M |
| Q4 25 | — | 37.6% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | -63.8% | ||
| Q1 25 | — | -18.6% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | -88.3% | ||
| Q2 24 | — | -11.0% | ||
| Q1 24 | — | -2.8% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 7.5% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | -5.7% |
| Q4 25 | — | 2.55× | ||
| Q3 25 | 1.34× | 2.29× | ||
| 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.
