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Side-by-side financial comparison of NexPoint Real Estate Finance, Inc. (NREF) and SYNTEC OPTICS HOLDINGS, INC. (OPTX). Click either name above to swap in a different company.
NexPoint Real Estate Finance, Inc. is the larger business by last-quarter revenue ($11.1M vs $7.5M, roughly 1.5× SYNTEC OPTICS HOLDINGS, INC.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -4.6%, a 221.2% gap on every dollar of revenue. On growth, SYNTEC OPTICS HOLDINGS, INC. posted the faster year-over-year revenue change (2.5% vs -48.8%).
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.
NREF vs OPTX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.1M | $7.5M |
| Net Profit | $24.0M | $-343.8K |
| Gross Margin | — | 23.6% |
| Operating Margin | — | 4.2% |
| Net Margin | 216.6% | -4.6% |
| Revenue YoY | -48.8% | 2.5% |
| Net Profit YoY | 58.7% | 77.7% |
| EPS (diluted) | $0.47 | $-0.01 |
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 | $11.1M | $7.5M | ||
| Q3 25 | $12.5M | $7.0M | ||
| Q2 25 | $12.1M | $6.6M | ||
| Q1 25 | $11.5M | $7.1M | ||
| Q4 24 | $21.7M | $7.3M | ||
| Q3 24 | $12.5M | $7.9M | ||
| Q2 24 | $6.7M | $7.0M | ||
| Q1 24 | $-12.8M | $6.3M |
| Q4 25 | $24.0M | $-343.8K | ||
| Q3 25 | $50.9M | $-1.4M | ||
| Q2 25 | $22.3M | $-343.9K | ||
| Q1 25 | $26.0M | $323.7K | ||
| Q4 24 | $15.2M | $-1.5M | ||
| Q3 24 | $23.3M | $-13.3K | ||
| Q2 24 | $12.1M | $281.8K | ||
| Q1 24 | $-14.6M | $-1.2M |
| Q4 25 | — | 23.6% | ||
| Q3 25 | — | 12.3% | ||
| Q2 25 | — | 24.4% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 31.0% | ||
| Q1 24 | — | 11.3% |
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | -17.5% | ||
| Q2 25 | — | -2.2% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | -19.6% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | -22.5% |
| Q4 25 | 216.6% | -4.6% | ||
| Q3 25 | 407.0% | -20.6% | ||
| Q2 25 | 184.5% | -5.2% | ||
| Q1 25 | 225.6% | 4.6% | ||
| Q4 24 | 69.9% | -21.0% | ||
| Q3 24 | 186.4% | -0.2% | ||
| Q2 24 | 179.7% | 4.0% | ||
| Q1 24 | 114.3% | -19.3% |
| Q4 25 | $0.47 | $-0.01 | ||
| Q3 25 | $1.14 | $-0.04 | ||
| Q2 25 | $0.54 | $-0.01 | ||
| Q1 25 | $0.70 | $0.01 | ||
| Q4 24 | $0.71 | $-0.05 | ||
| Q3 24 | $0.74 | $0.00 | ||
| Q2 24 | $0.40 | $0.01 | ||
| Q1 24 | $-0.83 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.1M | — |
| Total DebtLower is stronger | $771.2M | $2.6M |
| Stockholders' EquityBook value | $388.0M | $9.5M |
| Total Assets | $5.3B | $24.3M |
| Debt / EquityLower = less leverage | 1.99× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.1M | — | ||
| Q3 25 | $17.9M | — | ||
| Q2 25 | $9.1M | — | ||
| Q1 25 | $19.2M | — | ||
| Q4 24 | $3.9M | — | ||
| Q3 24 | $34.7M | — | ||
| Q2 24 | $4.3M | — | ||
| Q1 24 | $13.5M | — |
| Q4 25 | $771.2M | $2.6M | ||
| Q3 25 | $720.9M | $2.7M | ||
| Q2 25 | $815.6M | $2.9M | ||
| Q1 25 | $831.5M | $3.0M | ||
| Q4 24 | $799.3M | $3.1M | ||
| Q3 24 | $815.5M | $3.2M | ||
| Q2 24 | $861.0M | $2.8M | ||
| Q1 24 | $843.3M | $3.0M |
| Q4 25 | $388.0M | $9.5M | ||
| Q3 25 | $375.4M | $9.8M | ||
| Q2 25 | $348.2M | $11.0M | ||
| Q1 25 | $343.7M | $11.4M | ||
| Q4 24 | $336.5M | $11.0M | ||
| Q3 24 | $335.8M | $12.1M | ||
| Q2 24 | $327.5M | $12.1M | ||
| Q1 24 | $327.1M | $11.9M |
| Q4 25 | $5.3B | $24.3M | ||
| Q3 25 | $5.3B | $24.6M | ||
| Q2 25 | $5.4B | $25.3M | ||
| Q1 25 | $5.4B | $26.3M | ||
| Q4 24 | $5.4B | $26.0M | ||
| Q3 24 | $5.7B | $27.3M | ||
| Q2 24 | $6.6B | $25.8M | ||
| Q1 24 | $7.1B | $24.6M |
| Q4 25 | 1.99× | 0.28× | ||
| Q3 25 | 1.92× | 0.28× | ||
| Q2 25 | 2.34× | 0.26× | ||
| Q1 25 | 2.42× | 0.26× | ||
| Q4 24 | 2.38× | 0.28× | ||
| Q3 24 | 2.43× | 0.26× | ||
| Q2 24 | 2.63× | 0.23× | ||
| Q1 24 | 2.58× | 0.25× |
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 | $-4.5M | $-3.9K |
| Free Cash FlowOCF − Capex | — | $-4.4K |
| FCF MarginFCF / Revenue | — | -0.1% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | -0.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $28.3K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.5M | $-3.9K | ||
| Q3 25 | $8.1M | $535.3K | ||
| Q2 25 | $3.3M | $-158.0K | ||
| Q1 25 | $16.0M | $299.3K | ||
| Q4 24 | $4.4M | $623.8K | ||
| Q3 24 | $14.7M | $417.3K | ||
| Q2 24 | $-7.5M | $-1.7M | ||
| Q1 24 | $17.7M | $-289.8K |
| Q4 25 | — | $-4.4K | ||
| Q3 25 | — | $496.3K | ||
| Q2 25 | — | $-548.1K | ||
| Q1 25 | — | $84.6K | ||
| Q4 24 | — | $12.1K | ||
| Q3 24 | — | $43.8K | ||
| Q2 24 | — | $-1.9M | ||
| Q1 24 | — | $-385.1K |
| Q4 25 | — | -0.1% | ||
| Q3 25 | — | 7.1% | ||
| Q2 25 | — | -8.4% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | -26.5% | ||
| Q1 24 | — | -6.2% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 5.9% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | -0.19× | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.15× | — | ||
| Q1 25 | 0.62× | 0.92× | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | -0.62× | -6.01× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
