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Side-by-side financial comparison of Marti Technologies, Inc. (MRT) and NexPoint Real Estate Finance, Inc. (NREF). Click either name above to swap in a different company.

Marti Technologies, Inc. is the larger business by last-quarter revenue ($14.6M vs $11.1M, roughly 1.3× NexPoint Real Estate Finance, Inc.). On growth, Marti Technologies, Inc. posted the faster year-over-year revenue change (63.1% vs -48.8%).

The Marti Group is a Swiss construction company, consisting of over 80 subsidiaries, officially owned by Marti Holding AG. Besides Switzerland, they are active in neighboring countries such as Germany and Austria, and also outside of Europe such as China and Chile. The company is known for high-profile public and private sector projects and using innovative technologies. Their areas of expertise include building construction, construction and renovation of tunnels, road construction, hydrauli...

NexPoint Real Estate Finance, Inc. is a US-based commercial real estate finance firm that offers structured financing solutions for multifamily, office, industrial, and hospitality properties. It focuses on originating, managing and servicing a diversified portfolio of mortgage loans and real estate-related investments to deliver stable risk-adjusted returns to stakeholders.

MRT vs NREF — Head-to-Head

Bigger by revenue
MRT
MRT
1.3× larger
MRT
$14.6M
$11.1M
NREF
Growing faster (revenue YoY)
MRT
MRT
+111.9% gap
MRT
63.1%
-48.8%
NREF

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
MRT
MRT
NREF
NREF
Revenue
$14.6M
$11.1M
Net Profit
$24.0M
Gross Margin
49.4%
Operating Margin
-86.1%
Net Margin
216.6%
Revenue YoY
63.1%
-48.8%
Net Profit YoY
58.7%
EPS (diluted)
$-0.26
$0.47

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.

Revenue
MRT
MRT
NREF
NREF
Q4 25
$11.1M
Q3 25
$12.5M
Q2 25
$14.6M
$12.1M
Q1 25
$11.5M
Q4 24
$21.7M
Q3 24
$12.5M
Q2 24
$8.9M
$6.7M
Q1 24
$-12.8M
Net Profit
MRT
MRT
NREF
NREF
Q4 25
$24.0M
Q3 25
$50.9M
Q2 25
$22.3M
Q1 25
$26.0M
Q4 24
$15.2M
Q3 24
$23.3M
Q2 24
$12.1M
Q1 24
$-14.6M
Gross Margin
MRT
MRT
NREF
NREF
Q4 25
Q3 25
Q2 25
49.4%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
MRT
MRT
NREF
NREF
Q4 25
Q3 25
Q2 25
-86.1%
Q1 25
Q4 24
Q3 24
Q2 24
-204.1%
Q1 24
Net Margin
MRT
MRT
NREF
NREF
Q4 25
216.6%
Q3 25
407.0%
Q2 25
184.5%
Q1 25
225.6%
Q4 24
69.9%
Q3 24
186.4%
Q2 24
179.7%
Q1 24
114.3%
EPS (diluted)
MRT
MRT
NREF
NREF
Q4 25
$0.47
Q3 25
$1.14
Q2 25
$-0.26
$0.54
Q1 25
$0.70
Q4 24
$0.71
Q3 24
$0.74
Q2 24
$-0.38
$0.40
Q1 24
$-0.83

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MRT
MRT
NREF
NREF
Cash + ST InvestmentsLiquidity on hand
$4.2M
$31.1M
Total DebtLower is stronger
$83.0M
$771.2M
Stockholders' EquityBook value
$-73.2M
$388.0M
Total Assets
$17.2M
$5.3B
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRT
MRT
NREF
NREF
Q4 25
$31.1M
Q3 25
$17.9M
Q2 25
$4.2M
$9.1M
Q1 25
$19.2M
Q4 24
$3.9M
Q3 24
$34.7M
Q2 24
$9.0M
$4.3M
Q1 24
$13.5M
Total Debt
MRT
MRT
NREF
NREF
Q4 25
$771.2M
Q3 25
$720.9M
Q2 25
$83.0M
$815.6M
Q1 25
$831.5M
Q4 24
$799.3M
Q3 24
$815.5M
Q2 24
$60.2M
$861.0M
Q1 24
$843.3M
Stockholders' Equity
MRT
MRT
NREF
NREF
Q4 25
$388.0M
Q3 25
$375.4M
Q2 25
$-73.2M
$348.2M
Q1 25
$343.7M
Q4 24
$336.5M
Q3 24
$335.8M
Q2 24
$-51.2M
$327.5M
Q1 24
$327.1M
Total Assets
MRT
MRT
NREF
NREF
Q4 25
$5.3B
Q3 25
$5.3B
Q2 25
$17.2M
$5.4B
Q1 25
$5.4B
Q4 24
$5.4B
Q3 24
$5.7B
Q2 24
$25.0M
$6.6B
Q1 24
$7.1B
Debt / Equity
MRT
MRT
NREF
NREF
Q4 25
1.99×
Q3 25
1.92×
Q2 25
2.34×
Q1 25
2.42×
Q4 24
2.38×
Q3 24
2.43×
Q2 24
2.63×
Q1 24
2.58×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MRT
MRT
NREF
NREF
Operating Cash FlowLast quarter
$-4.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRT
MRT
NREF
NREF
Q4 25
$-4.5M
Q3 25
$8.1M
Q2 25
$3.3M
Q1 25
$16.0M
Q4 24
$4.4M
Q3 24
$14.7M
Q2 24
$-7.5M
Q1 24
$17.7M
Cash Conversion
MRT
MRT
NREF
NREF
Q4 25
-0.19×
Q3 25
0.16×
Q2 25
0.15×
Q1 25
0.62×
Q4 24
0.29×
Q3 24
0.63×
Q2 24
-0.62×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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