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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.
Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $25.8M, roughly 1.9× KKR Real Estate Finance Trust Inc.). Quipt Home Medical Corp. runs the higher net margin — -2.1% vs -101.7%, a 99.6% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% 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.
Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.
KREF vs QIPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $25.8M | $49.0M |
| Net Profit | $-26.2M | $-1.1M |
| Gross Margin | — | 53.5% |
| Operating Margin | -105.1% | 2.1% |
| Net Margin | -101.7% | -2.1% |
| Revenue YoY | -26.6% | 32.3% |
| Net Profit YoY | -229.6% | 2.9% |
| EPS (diluted) | $-0.49 | $-0.02 |
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 | $49.0M | ||
| Q3 25 | $25.3M | $39.8M | ||
| Q2 25 | $30.2M | $35.1M | ||
| Q1 25 | $31.3M | $33.3M | ||
| Q4 24 | $35.1M | $37.1M | ||
| Q3 24 | $37.0M | — | ||
| Q2 24 | $40.4M | — | ||
| Q1 24 | $39.1M | — |
| Q4 25 | $-26.2M | $-1.1M | ||
| Q3 25 | $13.8M | $-3.5M | ||
| Q2 25 | $-29.7M | $-3.0M | ||
| Q1 25 | $-4.9M | $-3.0M | ||
| Q4 24 | $20.3M | $-1.1M | ||
| Q3 24 | $-7.4M | — | ||
| Q2 24 | $25.8M | — | ||
| Q1 24 | $-3.1M | — |
| Q4 25 | — | 53.5% | ||
| Q3 25 | — | 48.7% | ||
| Q2 25 | — | 57.6% | ||
| Q1 25 | — | 54.6% | ||
| Q4 24 | — | 52.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -105.1% | 2.1% | ||
| Q3 25 | 50.4% | -3.6% | ||
| Q2 25 | -101.3% | -5.2% | ||
| Q1 25 | -18.3% | -3.0% | ||
| Q4 24 | 55.8% | 1.2% | ||
| Q3 24 | -19.6% | — | ||
| Q2 24 | 63.3% | — | ||
| Q1 24 | -8.7% | — |
| Q4 25 | -101.7% | -2.1% | ||
| Q3 25 | 54.4% | -8.9% | ||
| Q2 25 | -98.5% | -8.6% | ||
| Q1 25 | -15.5% | -9.1% | ||
| Q4 24 | 57.7% | -2.9% | ||
| Q3 24 | -20.0% | — | ||
| Q2 24 | 63.9% | — | ||
| Q1 24 | -7.9% | — |
| Q4 25 | $-0.49 | $-0.02 | ||
| Q3 25 | $0.12 | $-0.07 | ||
| Q2 25 | $-0.53 | $-0.07 | ||
| Q1 25 | $-0.15 | $-0.07 | ||
| Q4 24 | $0.22 | $-0.03 | ||
| Q3 24 | $-0.19 | — | ||
| Q2 24 | $0.29 | — | ||
| Q1 24 | $-0.13 | — |
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 | $10.5M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $1.2B | $113.0M |
| Total Assets | $6.5B | $280.7M |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.6M | $10.5M | ||
| Q3 25 | $204.1M | $12.9M | ||
| Q2 25 | $107.7M | $11.3M | ||
| Q1 25 | $106.4M | $17.1M | ||
| Q4 24 | $104.9M | $15.5M | ||
| Q3 24 | $108.8M | — | ||
| Q2 24 | $107.2M | — | ||
| Q1 24 | $106.5M | — |
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $87.6M | ||
| Q2 25 | — | $66.0M | ||
| Q1 25 | — | $71.5M | ||
| Q4 24 | — | $70.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $113.0M | ||
| Q3 25 | $1.2B | $112.1M | ||
| Q2 25 | $1.2B | $102.5M | ||
| Q1 25 | $1.3B | $103.6M | ||
| Q4 24 | $1.3B | $106.3M | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $6.5B | $280.7M | ||
| Q3 25 | $6.5B | $283.3M | ||
| Q2 25 | $6.8B | $236.1M | ||
| Q1 25 | $6.6B | $244.6M | ||
| Q4 24 | $6.4B | $242.8M | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $7.3B | — |
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.78× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $8.9M |
| Free Cash FlowOCF − Capex | — | $6.9M |
| FCF MarginFCF / Revenue | — | 14.0% |
| Capex IntensityCapex / Revenue | — | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $72.3M | $8.9M | ||
| Q3 25 | $18.5M | $9.8M | ||
| Q2 25 | $21.1M | $9.7M | ||
| Q1 25 | $15.9M | $8.9M | ||
| Q4 24 | $132.6M | $9.3M | ||
| Q3 24 | $49.1M | — | ||
| Q2 24 | $30.6M | — | ||
| Q1 24 | $34.5M | — |
| Q4 25 | — | $6.9M | ||
| Q3 25 | — | $8.0M | ||
| Q2 25 | — | $4.4M | ||
| Q1 25 | — | $7.3M | ||
| Q4 24 | — | $5.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 14.0% | ||
| Q3 25 | — | 20.0% | ||
| Q2 25 | — | 12.6% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 14.9% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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.
