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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and SYPRIS SOLUTIONS INC (SYPR). Click either name above to swap in a different company.
SYPRIS SOLUTIONS INC is the larger business by last-quarter revenue ($30.3M vs $25.8M, roughly 1.2× KKR Real Estate Finance Trust Inc.). SYPRIS SOLUTIONS INC runs the higher net margin — -12.9% vs -101.7%, a 88.8% gap on every dollar of revenue. On growth, SYPRIS SOLUTIONS INC posted the faster year-over-year revenue change (-9.5% vs -26.6%). Over the past eight quarters, SYPRIS SOLUTIONS INC's revenue compounded faster (-7.7% 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.
Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.
KREF vs SYPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.8M | $30.3M |
| Net Profit | $-26.2M | $-3.9M |
| Gross Margin | — | 4.6% |
| Operating Margin | -105.1% | -10.9% |
| Net Margin | -101.7% | -12.9% |
| Revenue YoY | -26.6% | -9.5% |
| Net Profit YoY | -229.6% | -2992.6% |
| EPS (diluted) | $-0.49 | $-0.17 |
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 | $30.3M | ||
| Q3 25 | $25.3M | $28.7M | ||
| Q2 25 | $30.2M | $31.4M | ||
| Q1 25 | $31.3M | $29.5M | ||
| Q4 24 | $35.1M | $33.4M | ||
| Q3 24 | $37.0M | $35.7M | ||
| Q2 24 | $40.4M | $35.5M | ||
| Q1 24 | $39.1M | $35.6M |
| Q4 25 | $-26.2M | $-3.9M | ||
| Q3 25 | $13.8M | $517.0K | ||
| Q2 25 | $-29.7M | $-2.1M | ||
| Q1 25 | $-4.9M | $-899.0K | ||
| Q4 24 | $20.3M | $135.0K | ||
| Q3 24 | $-7.4M | $390.0K | ||
| Q2 24 | $25.8M | $16.0K | ||
| Q1 24 | $-3.1M | $-2.2M |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 15.9% | ||
| Q1 24 | — | 8.1% |
| Q4 25 | -105.1% | -10.9% | ||
| Q3 25 | 50.4% | -6.1% | ||
| Q2 25 | -101.3% | -4.6% | ||
| Q1 25 | -18.3% | -0.4% | ||
| Q4 24 | 55.8% | 3.9% | ||
| Q3 24 | -19.6% | 4.8% | ||
| Q2 24 | 63.3% | 3.6% | ||
| Q1 24 | -8.7% | -3.9% |
| Q4 25 | -101.7% | -12.9% | ||
| Q3 25 | 54.4% | 1.8% | ||
| Q2 25 | -98.5% | -6.5% | ||
| Q1 25 | -15.5% | -3.0% | ||
| Q4 24 | 57.7% | 0.4% | ||
| Q3 24 | -20.0% | 1.1% | ||
| Q2 24 | 63.9% | 0.0% | ||
| Q1 24 | -7.9% | -6.2% |
| Q4 25 | $-0.49 | $-0.17 | ||
| Q3 25 | $0.12 | $0.02 | ||
| Q2 25 | $-0.53 | $-0.09 | ||
| Q1 25 | $-0.15 | $-0.04 | ||
| Q4 24 | $0.22 | $0.00 | ||
| Q3 24 | $-0.19 | $0.02 | ||
| Q2 24 | $0.29 | $0.00 | ||
| Q1 24 | $-0.13 | $-0.10 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $17.8M |
| Total Assets | $6.5B | $107.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.6M | — | ||
| Q3 25 | $204.1M | — | ||
| Q2 25 | $107.7M | — | ||
| Q1 25 | $106.4M | — | ||
| Q4 24 | $104.9M | — | ||
| Q3 24 | $108.8M | — | ||
| Q2 24 | $107.2M | — | ||
| Q1 24 | $106.5M | — |
| Q4 25 | $1.2B | $17.8M | ||
| Q3 25 | $1.2B | $20.0M | ||
| Q2 25 | $1.2B | $18.7M | ||
| Q1 25 | $1.3B | $19.0M | ||
| Q4 24 | $1.3B | $19.6M | ||
| Q3 24 | $1.4B | $18.2M | ||
| Q2 24 | $1.4B | $19.0M | ||
| Q1 24 | $1.4B | $20.8M |
| Q4 25 | $6.5B | $107.8M | ||
| Q3 25 | $6.5B | $112.5M | ||
| Q2 25 | $6.8B | $105.8M | ||
| Q1 25 | $6.6B | $110.2M | ||
| Q4 24 | $6.4B | $119.4M | ||
| Q3 24 | $6.8B | $121.6M | ||
| Q2 24 | $7.1B | $124.2M | ||
| Q1 24 | $7.3B | $129.0M |
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 | $-1.1M |
| Free Cash FlowOCF − Capex | — | $-1.5M |
| FCF MarginFCF / Revenue | — | -5.0% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-6.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $72.3M | $-1.1M | ||
| Q3 25 | $18.5M | $-178.0K | ||
| Q2 25 | $21.1M | $1.1M | ||
| Q1 25 | $15.9M | $-5.5M | ||
| Q4 24 | $132.6M | $2.3M | ||
| Q3 24 | $49.1M | $-4.8M | ||
| Q2 24 | $30.6M | $6.2M | ||
| Q1 24 | $34.5M | $-1.7M |
| Q4 25 | — | $-1.5M | ||
| Q3 25 | — | $-390.0K | ||
| Q2 25 | — | $941.0K | ||
| Q1 25 | — | $-5.5M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | — | $-4.9M | ||
| Q2 24 | — | $6.0M | ||
| Q1 24 | — | $-2.0M |
| Q4 25 | — | -5.0% | ||
| Q3 25 | — | -1.4% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | -18.8% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | — | -13.8% | ||
| Q2 24 | — | 16.8% | ||
| Q1 24 | — | -5.7% |
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | 1.34× | -0.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.54× | 17.13× | ||
| Q3 24 | — | -12.21× | ||
| Q2 24 | 1.19× | 385.25× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KREF
Segment breakdown not available.
SYPR
| Sypris Electronics | $17.7M | 59% |
| Transferred At Point In Time | $12.5M | 41% |
