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

PARK AEROSPACE CORP is the larger business by last-quarter revenue ($17.3M vs $11.1M, roughly 1.6× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs 17.0%, a 199.6% gap on every dollar of revenue. On growth, PARK AEROSPACE CORP posted the faster year-over-year revenue change (20.3% 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.

Park Electrochemical Corp, now called the Park Aerospace Corp, is a Melville, New York-based materials manufacturer for the telecommunications, Internet infrastructure, high-end computing, and aerospace industries. It produces high-technology digital and radio frequency(RF)/microwave printed circuit material products, composite materials. Its printed circuit materials are used for complex multilayer printed circuit boards and other electronic interconnection systems, such as multilayer back-p...

NREF vs PKE — Head-to-Head

Bigger by revenue
PKE
PKE
1.6× larger
PKE
$17.3M
$11.1M
NREF
Growing faster (revenue YoY)
PKE
PKE
+69.1% gap
PKE
20.3%
-48.8%
NREF
Higher net margin
NREF
NREF
199.6% more per $
NREF
216.6%
17.0%
PKE

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
NREF
NREF
PKE
PKE
Revenue
$11.1M
$17.3M
Net Profit
$24.0M
$3.0M
Gross Margin
34.1%
Operating Margin
21.0%
Net Margin
216.6%
17.0%
Revenue YoY
-48.8%
20.3%
Net Profit YoY
58.7%
87.1%
EPS (diluted)
$0.47
$0.15

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
NREF
NREF
PKE
PKE
Q4 25
$11.1M
$17.3M
Q3 25
$12.5M
$16.4M
Q2 25
$12.1M
$15.4M
Q1 25
$11.5M
$16.9M
Q4 24
$21.7M
$14.4M
Q3 24
$12.5M
$16.7M
Q2 24
$6.7M
$14.0M
Q1 24
$-12.8M
$16.3M
Net Profit
NREF
NREF
PKE
PKE
Q4 25
$24.0M
$3.0M
Q3 25
$50.9M
$2.4M
Q2 25
$22.3M
$2.1M
Q1 25
$26.0M
$1.2M
Q4 24
$15.2M
$1.6M
Q3 24
$23.3M
$2.1M
Q2 24
$12.1M
$993.0K
Q1 24
$-14.6M
$2.7M
Gross Margin
NREF
NREF
PKE
PKE
Q4 25
34.1%
Q3 25
31.2%
Q2 25
30.6%
Q1 25
29.3%
Q4 24
26.6%
Q3 24
28.5%
Q2 24
29.3%
Q1 24
27.3%
Operating Margin
NREF
NREF
PKE
PKE
Q4 25
21.0%
Q3 25
17.4%
Q2 25
15.7%
Q1 25
16.8%
Q4 24
12.8%
Q3 24
15.7%
Q2 24
14.9%
Q1 24
15.7%
Net Margin
NREF
NREF
PKE
PKE
Q4 25
216.6%
17.0%
Q3 25
407.0%
14.7%
Q2 25
184.5%
13.5%
Q1 25
225.6%
7.4%
Q4 24
69.9%
10.9%
Q3 24
186.4%
12.4%
Q2 24
179.7%
7.1%
Q1 24
114.3%
16.3%
EPS (diluted)
NREF
NREF
PKE
PKE
Q4 25
$0.47
$0.15
Q3 25
$1.14
$0.12
Q2 25
$0.54
$0.10
Q1 25
$0.70
$0.06
Q4 24
$0.71
$0.08
Q3 24
$0.74
$0.10
Q2 24
$0.40
$0.05
Q1 24
$-0.83
$0.13

Balance Sheet & Financial Strength

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

Metric
NREF
NREF
PKE
PKE
Cash + ST InvestmentsLiquidity on hand
$31.1M
$63.6M
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$388.0M
$106.6M
Total Assets
$5.3B
$118.1M
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NREF
NREF
PKE
PKE
Q4 25
$31.1M
$63.6M
Q3 25
$17.9M
$61.6M
Q2 25
$9.1M
$65.6M
Q1 25
$19.2M
$68.8M
Q4 24
$3.9M
$70.0M
Q3 24
$34.7M
$72.0M
Q2 24
$4.3M
$74.4M
Q1 24
$13.5M
$77.2M
Total Debt
NREF
NREF
PKE
PKE
Q4 25
$771.2M
Q3 25
$720.9M
Q2 25
$815.6M
Q1 25
$831.5M
Q4 24
$799.3M
Q3 24
$815.5M
Q2 24
$861.0M
Q1 24
$843.3M
Stockholders' Equity
NREF
NREF
PKE
PKE
Q4 25
$388.0M
$106.6M
Q3 25
$375.4M
$105.8M
Q2 25
$348.2M
$105.0M
Q1 25
$343.7M
$107.2M
Q4 24
$336.5M
$107.4M
Q3 24
$335.8M
$110.3M
Q2 24
$327.5M
$111.7M
Q1 24
$327.1M
$112.9M
Total Assets
NREF
NREF
PKE
PKE
Q4 25
$5.3B
$118.1M
Q3 25
$5.3B
$116.4M
Q2 25
$5.4B
$120.7M
Q1 25
$5.4B
$122.1M
Q4 24
$5.4B
$124.2M
Q3 24
$5.7B
$125.1M
Q2 24
$6.6B
$129.4M
Q1 24
$7.1B
$132.3M
Debt / Equity
NREF
NREF
PKE
PKE
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
NREF
NREF
PKE
PKE
Operating Cash FlowLast quarter
$-4.5M
$5.1M
Free Cash FlowOCF − Capex
$4.3M
FCF MarginFCF / Revenue
24.6%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
-0.19×
1.73×
TTM Free Cash FlowTrailing 4 quarters
$3.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NREF
NREF
PKE
PKE
Q4 25
$-4.5M
$5.1M
Q3 25
$8.1M
$-2.1M
Q2 25
$3.3M
$1.6M
Q1 25
$16.0M
$969.0K
Q4 24
$4.4M
$2.7M
Q3 24
$14.7M
$1.4M
Q2 24
$-7.5M
$-423.0K
Q1 24
$17.7M
$5.3M
Free Cash Flow
NREF
NREF
PKE
PKE
Q4 25
$4.3M
Q3 25
$-2.3M
Q2 25
$1.1M
Q1 25
$338.0K
Q4 24
$2.7M
Q3 24
$1.3M
Q2 24
$-435.0K
Q1 24
$5.1M
FCF Margin
NREF
NREF
PKE
PKE
Q4 25
24.6%
Q3 25
-14.0%
Q2 25
7.2%
Q1 25
2.0%
Q4 24
18.6%
Q3 24
7.5%
Q2 24
-3.1%
Q1 24
31.4%
Capex Intensity
NREF
NREF
PKE
PKE
Q4 25
4.8%
Q3 25
1.1%
Q2 25
3.1%
Q1 25
3.7%
Q4 24
0.4%
Q3 24
1.2%
Q2 24
0.1%
Q1 24
1.0%
Cash Conversion
NREF
NREF
PKE
PKE
Q4 25
-0.19×
1.73×
Q3 25
0.16×
-0.88×
Q2 25
0.15×
0.76×
Q1 25
0.62×
0.78×
Q4 24
0.29×
1.73×
Q3 24
0.63×
0.70×
Q2 24
-0.62×
-0.43×
Q1 24
1.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NREF
NREF

Segment breakdown not available.

PKE
PKE

North America$16.8M97%
Other$546.0K3%

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