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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and YORK WATER CO (YORW). 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 $19.4M, roughly 1.3× YORK WATER CO). YORK WATER CO runs the higher net margin — 26.7% vs -101.7%, a 128.4% gap on every dollar of revenue. On growth, YORK WATER CO posted the faster year-over-year revenue change (3.2% vs -26.6%). Over the past eight quarters, YORK WATER CO's revenue compounded faster (5.1% 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.
The York Water Company is an investor-owned, public utility company based in York, Pennsylvania and operating throughout Pennsylvania. The company was founded in 1816 by a group of local businessmen concerned about fire protection.
KREF vs YORW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.8M | $19.4M |
| Net Profit | $-26.2M | $5.2M |
| Gross Margin | — | — |
| Operating Margin | -105.1% | 33.2% |
| Net Margin | -101.7% | 26.7% |
| Revenue YoY | -26.6% | 3.2% |
| Net Profit YoY | -229.6% | 0.5% |
| EPS (diluted) | $-0.49 | $0.36 |
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 | $19.4M | ||
| Q3 25 | $25.3M | $20.2M | ||
| Q2 25 | $30.2M | $19.1M | ||
| Q1 25 | $31.3M | $18.3M | ||
| Q4 24 | $35.1M | $18.8M | ||
| Q3 24 | $37.0M | $19.6M | ||
| Q2 24 | $40.4M | $18.6M | ||
| Q1 24 | $39.1M | $17.5M |
| Q4 25 | $-26.2M | $5.2M | ||
| Q3 25 | $13.8M | $6.2M | ||
| Q2 25 | $-29.7M | $5.1M | ||
| Q1 25 | $-4.9M | $3.6M | ||
| Q4 24 | $20.3M | $5.1M | ||
| Q3 24 | $-7.4M | $5.9M | ||
| Q2 24 | $25.8M | $5.0M | ||
| Q1 24 | $-3.1M | $4.3M |
| Q4 25 | -105.1% | 33.2% | ||
| Q3 25 | 50.4% | 39.1% | ||
| Q2 25 | -101.3% | 37.1% | ||
| Q1 25 | -18.3% | 34.3% | ||
| Q4 24 | 55.8% | 35.8% | ||
| Q3 24 | -19.6% | 41.1% | ||
| Q2 24 | 63.3% | 37.9% | ||
| Q1 24 | -8.7% | 35.5% |
| Q4 25 | -101.7% | 26.7% | ||
| Q3 25 | 54.4% | 30.6% | ||
| Q2 25 | -98.5% | 26.5% | ||
| Q1 25 | -15.5% | 19.8% | ||
| Q4 24 | 57.7% | 27.4% | ||
| Q3 24 | -20.0% | 29.9% | ||
| Q2 24 | 63.9% | 26.8% | ||
| Q1 24 | -7.9% | 24.7% |
| Q4 25 | $-0.49 | $0.36 | ||
| Q3 25 | $0.12 | $0.43 | ||
| Q2 25 | $-0.53 | $0.35 | ||
| Q1 25 | $-0.15 | $0.25 | ||
| Q4 24 | $0.22 | $0.36 | ||
| Q3 24 | $-0.19 | $0.41 | ||
| Q2 24 | $0.29 | $0.35 | ||
| Q1 24 | $-0.13 | $0.30 |
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 | $1.0K |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $240.3M |
| Total Assets | $6.5B | $680.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.6M | $1.0K | ||
| Q3 25 | $204.1M | $1.0K | ||
| Q2 25 | $107.7M | $1.0K | ||
| Q1 25 | $106.4M | $1.0K | ||
| Q4 24 | $104.9M | $1.0K | ||
| Q3 24 | $108.8M | $1.0K | ||
| Q2 24 | $107.2M | $1.0K | ||
| Q1 24 | $106.5M | $3.3M |
| Q4 25 | $1.2B | $240.3M | ||
| Q3 25 | $1.2B | $238.0M | ||
| Q2 25 | $1.2B | $234.6M | ||
| Q1 25 | $1.3B | $232.1M | ||
| Q4 24 | $1.3B | $231.2M | ||
| Q3 24 | $1.4B | $228.7M | ||
| Q2 24 | $1.4B | $225.4M | ||
| Q1 24 | $1.4B | $222.9M |
| Q4 25 | $6.5B | $680.9M | ||
| Q3 25 | $6.5B | $667.1M | ||
| Q2 25 | $6.8B | $653.7M | ||
| Q1 25 | $6.6B | $641.8M | ||
| Q4 24 | $6.4B | $633.5M | ||
| Q3 24 | $6.8B | $621.4M | ||
| Q2 24 | $7.1B | $610.4M | ||
| Q1 24 | $7.3B | $602.3M |
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 | $8.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $72.3M | $8.4M | ||
| Q3 25 | $18.5M | $7.8M | ||
| Q2 25 | $21.1M | $7.6M | ||
| Q1 25 | $15.9M | $6.0M | ||
| Q4 24 | $132.6M | $10.2M | ||
| Q3 24 | $49.1M | $7.5M | ||
| Q2 24 | $30.6M | $6.7M | ||
| Q1 24 | $34.5M | $6.1M |
| Q4 25 | — | 1.63× | ||
| Q3 25 | 1.34× | 1.26× | ||
| Q2 25 | — | 1.50× | ||
| Q1 25 | — | 1.65× | ||
| Q4 24 | 6.54× | 1.98× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | 1.19× | 1.34× | ||
| Q1 24 | — | 1.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
