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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and Stabilis Solutions, Inc. (SLNG). 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 $13.3M, roughly 1.9× Stabilis Solutions, Inc.). Stabilis Solutions, Inc. runs the higher net margin — -2.0% vs -101.7%, a 99.8% gap on every dollar of revenue. On growth, Stabilis Solutions, Inc. posted the faster year-over-year revenue change (-23.3% vs -26.6%). Over the past eight quarters, Stabilis Solutions, Inc.'s revenue compounded faster (-18.1% 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.
Stabilis Solutions, Inc.SLNGEarnings & Financial Report
Stabilis Solutions, Inc. is a leading North American small-scale liquefied natural gas (LNG) producer and distributor. It supplies LNG fuel, cryogenic services, and full-cycle energy solutions to industrial, remote power, transportation, and commercial clients across the United States and Canada, advancing low-emission energy transition efforts.
KREF vs SLNG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.8M | $13.3M |
| Net Profit | $-26.2M | $-262.0K |
| Gross Margin | — | 24.7% |
| Operating Margin | -105.1% | -2.4% |
| Net Margin | -101.7% | -2.0% |
| Revenue YoY | -26.6% | -23.3% |
| Net Profit YoY | -229.6% | -112.4% |
| EPS (diluted) | $-0.49 | — |
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 | $13.3M | ||
| Q3 25 | $25.3M | $20.3M | ||
| Q2 25 | $30.2M | $17.3M | ||
| Q1 25 | $31.3M | $17.3M | ||
| Q4 24 | $35.1M | $17.3M | ||
| Q3 24 | $37.0M | $17.6M | ||
| Q2 24 | $40.4M | $18.6M | ||
| Q1 24 | $39.1M | $19.8M |
| Q4 25 | $-26.2M | $-262.0K | ||
| Q3 25 | $13.8M | $1.1M | ||
| Q2 25 | $-29.7M | $-613.0K | ||
| Q1 25 | $-4.9M | $-1.6M | ||
| Q4 24 | $20.3M | $2.1M | ||
| Q3 24 | $-7.4M | $997.0K | ||
| Q2 24 | $25.8M | $27.0K | ||
| Q1 24 | $-3.1M | $1.5M |
| Q4 25 | — | 24.7% | ||
| Q3 25 | — | 27.6% | ||
| Q2 25 | — | 26.5% | ||
| Q1 25 | — | 26.2% | ||
| Q4 24 | — | 28.5% | ||
| Q3 24 | — | 28.3% | ||
| Q2 24 | — | 27.1% | ||
| Q1 24 | — | 31.6% |
| Q4 25 | -105.1% | -2.4% | ||
| Q3 25 | 50.4% | 5.5% | ||
| Q2 25 | -101.3% | -2.4% | ||
| Q1 25 | -18.3% | -9.7% | ||
| Q4 24 | 55.8% | 12.8% | ||
| Q3 24 | -19.6% | 5.0% | ||
| Q2 24 | 63.3% | 2.4% | ||
| Q1 24 | -8.7% | 7.8% |
| Q4 25 | -101.7% | -2.0% | ||
| Q3 25 | 54.4% | 5.5% | ||
| Q2 25 | -98.5% | -3.5% | ||
| Q1 25 | -15.5% | -9.2% | ||
| Q4 24 | 57.7% | 12.2% | ||
| Q3 24 | -20.0% | 5.7% | ||
| Q2 24 | 63.9% | 0.1% | ||
| Q1 24 | -7.9% | 7.4% |
| Q4 25 | $-0.49 | — | ||
| Q3 25 | $0.12 | $0.06 | ||
| Q2 25 | $-0.53 | $-0.03 | ||
| Q1 25 | $-0.15 | $-0.09 | ||
| Q4 24 | $0.22 | $0.12 | ||
| Q3 24 | $-0.19 | $0.05 | ||
| Q2 24 | $0.29 | $0.00 | ||
| Q1 24 | $-0.13 | $0.08 |
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 | $7.5M |
| Total DebtLower is stronger | — | $7.9M |
| Stockholders' EquityBook value | $1.2B | $66.7M |
| Total Assets | $6.5B | $83.1M |
| Debt / EquityLower = less leverage | — | 0.12× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.6M | $7.5M | ||
| Q3 25 | $204.1M | $10.3M | ||
| Q2 25 | $107.7M | $12.2M | ||
| Q1 25 | $106.4M | $9.0M | ||
| Q4 24 | $104.9M | $9.0M | ||
| Q3 24 | $108.8M | $12.4M | ||
| Q2 24 | $107.2M | $11.5M | ||
| Q1 24 | $106.5M | $8.3M |
| Q4 25 | — | $7.9M | ||
| Q3 25 | — | $8.3M | ||
| Q2 25 | — | $7.6M | ||
| Q1 25 | — | $8.3M | ||
| Q4 24 | — | $8.9M | ||
| Q3 24 | — | $9.3M | ||
| Q2 24 | — | $8.6M | ||
| Q1 24 | — | $9.1M |
| Q4 25 | $1.2B | $66.7M | ||
| Q3 25 | $1.2B | $66.7M | ||
| Q2 25 | $1.2B | $65.5M | ||
| Q1 25 | $1.3B | $65.9M | ||
| Q4 24 | $1.3B | $67.0M | ||
| Q3 24 | $1.4B | $65.4M | ||
| Q2 24 | $1.4B | $63.7M | ||
| Q1 24 | $1.4B | $63.2M |
| Q4 25 | $6.5B | $83.1M | ||
| Q3 25 | $6.5B | $87.1M | ||
| Q2 25 | $6.8B | $83.2M | ||
| Q1 25 | $6.6B | $83.1M | ||
| Q4 24 | $6.4B | $85.6M | ||
| Q3 24 | $6.8B | $89.3M | ||
| Q2 24 | $7.1B | $82.6M | ||
| Q1 24 | $7.3B | $80.6M |
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.13× | ||
| Q1 24 | — | 0.14× |
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 | $669.0K |
| Free Cash FlowOCF − Capex | — | $-2.5M |
| FCF MarginFCF / Revenue | — | -18.6% |
| Capex IntensityCapex / Revenue | — | 23.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $462.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $72.3M | $669.0K | ||
| Q3 25 | $18.5M | $2.4M | ||
| Q2 25 | $21.1M | $4.5M | ||
| Q1 25 | $15.9M | $1.0M | ||
| Q4 24 | $132.6M | $2.2M | ||
| Q3 24 | $49.1M | $2.6M | ||
| Q2 24 | $30.6M | $5.0M | ||
| Q1 24 | $34.5M | $3.9M |
| Q4 25 | — | $-2.5M | ||
| Q3 25 | — | $-1.5M | ||
| Q2 25 | — | $3.9M | ||
| Q1 25 | — | $538.0K | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | — | $1.2M | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $3.1M |
| Q4 25 | — | -18.6% | ||
| Q3 25 | — | -7.3% | ||
| Q2 25 | — | 22.4% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | -19.7% | ||
| Q3 24 | — | 7.1% | ||
| Q2 24 | — | 19.7% | ||
| Q1 24 | — | 15.5% |
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 19.1% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 7.4% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 4.4% |
| Q4 25 | — | — | ||
| Q3 25 | 1.34× | 2.14× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.54× | 1.03× | ||
| Q3 24 | — | 2.56× | ||
| Q2 24 | 1.19× | 186.59× | ||
| Q1 24 | — | 2.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KREF
Segment breakdown not available.
SLNG
| Natural Gas Gathering Transportation Marketing And Processing | $11.1M | 84% |
| Other | $1.3M | 10% |
| Services | $897.0K | 7% |
