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

Outdoor Holding Co is the larger business by last-quarter revenue ($13.4M vs $11.1M, roughly 1.2× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs 16.7%, a 200.0% gap on every dollar of revenue. On growth, NexPoint Real Estate Finance, Inc. posted the faster year-over-year revenue change (-48.8% vs -54.1%).

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.

Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.

NREF vs POWW — Head-to-Head

Bigger by revenue
POWW
POWW
1.2× larger
POWW
$13.4M
$11.1M
NREF
Growing faster (revenue YoY)
NREF
NREF
+5.3% gap
NREF
-48.8%
-54.1%
POWW
Higher net margin
NREF
NREF
200.0% more per $
NREF
216.6%
16.7%
POWW

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
NREF
NREF
POWW
POWW
Revenue
$11.1M
$13.4M
Net Profit
$24.0M
$2.2M
Gross Margin
87.1%
Operating Margin
14.7%
Net Margin
216.6%
16.7%
Revenue YoY
-48.8%
-54.1%
Net Profit YoY
58.7%
108.5%
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.

Revenue
NREF
NREF
POWW
POWW
Q4 25
$11.1M
$13.4M
Q3 25
$12.5M
$12.0M
Q2 25
$12.1M
$11.9M
Q1 25
$11.5M
$12.6M
Q4 24
$21.7M
$12.5M
Q3 24
$12.5M
$12.0M
Q2 24
$6.7M
$12.3M
Q1 24
$-12.8M
$-50.7M
Net Profit
NREF
NREF
POWW
POWW
Q4 25
$24.0M
$2.2M
Q3 25
$50.9M
$1.4M
Q2 25
$22.3M
$-6.5M
Q1 25
$26.0M
$-77.5M
Q4 24
$15.2M
$-26.1M
Q3 24
$23.3M
$-12.4M
Q2 24
$12.1M
$-14.8M
Q1 24
$-14.6M
$-5.2M
Gross Margin
NREF
NREF
POWW
POWW
Q4 25
87.1%
Q3 25
87.1%
Q2 25
87.2%
Q1 25
87.5%
Q4 24
87.4%
Q3 24
86.9%
Q2 24
85.8%
Q1 24
Operating Margin
NREF
NREF
POWW
POWW
Q4 25
14.7%
Q3 25
5.9%
Q2 25
-50.7%
Q1 25
-213.6%
Q4 24
-163.8%
Q3 24
-50.3%
Q2 24
-50.8%
Q1 24
Net Margin
NREF
NREF
POWW
POWW
Q4 25
216.6%
16.7%
Q3 25
407.0%
11.7%
Q2 25
184.5%
-54.5%
Q1 25
225.6%
-614.5%
Q4 24
69.9%
-208.7%
Q3 24
186.4%
-103.7%
Q2 24
179.7%
-120.2%
Q1 24
114.3%
10.3%
EPS (diluted)
NREF
NREF
POWW
POWW
Q4 25
$0.47
$0.01
Q3 25
$1.14
$0.01
Q2 25
$0.54
$-0.06
Q1 25
$0.70
$-0.67
Q4 24
$0.71
$-0.23
Q3 24
$0.74
$-0.11
Q2 24
$0.40
$-0.13
Q1 24
$-0.83
$-0.05

Balance Sheet & Financial Strength

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

Metric
NREF
NREF
POWW
POWW
Cash + ST InvestmentsLiquidity on hand
$31.1M
$69.9M
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$388.0M
$237.3M
Total Assets
$5.3B
$271.7M
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NREF
NREF
POWW
POWW
Q4 25
$31.1M
$69.9M
Q3 25
$17.9M
$65.7M
Q2 25
$9.1M
$63.4M
Q1 25
$19.2M
$30.2M
Q4 24
$3.9M
$31.9M
Q3 24
$34.7M
$33.5M
Q2 24
$4.3M
$50.8M
Q1 24
$13.5M
$55.6M
Total Debt
NREF
NREF
POWW
POWW
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
POWW
POWW
Q4 25
$388.0M
$237.3M
Q3 25
$375.4M
$235.4M
Q2 25
$348.2M
$222.5M
Q1 25
$343.7M
$222.0M
Q4 24
$336.5M
$299.6M
Q3 24
$335.8M
$325.6M
Q2 24
$327.5M
$342.5M
Q1 24
$327.1M
$358.0M
Total Assets
NREF
NREF
POWW
POWW
Q4 25
$5.3B
$271.7M
Q3 25
$5.3B
$270.3M
Q2 25
$5.4B
$269.5M
Q1 25
$5.4B
$297.3M
Q4 24
$5.4B
$355.4M
Q3 24
$5.7B
$368.9M
Q2 24
$6.6B
$398.6M
Q1 24
$7.1B
$403.0M
Debt / Equity
NREF
NREF
POWW
POWW
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
POWW
POWW
Operating Cash FlowLast quarter
$-4.5M
$5.7M
Free Cash FlowOCF − Capex
$5.0M
FCF MarginFCF / Revenue
37.6%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
-0.19×
2.55×
TTM Free Cash FlowTrailing 4 quarters
$-2.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NREF
NREF
POWW
POWW
Q4 25
$-4.5M
$5.7M
Q3 25
$8.1M
$3.2M
Q2 25
$3.3M
$-6.7M
Q1 25
$16.0M
$-1.5M
Q4 24
$4.4M
$1.3M
Q3 24
$14.7M
$-9.3M
Q2 24
$-7.5M
$-547.5K
Q1 24
$17.7M
$4.3M
Free Cash Flow
NREF
NREF
POWW
POWW
Q4 25
$5.0M
Q3 25
$2.5M
Q2 25
$-7.6M
Q1 25
$-2.3M
Q4 24
$720.3K
Q3 24
$-10.6M
Q2 24
$-1.3M
Q1 24
$1.4M
FCF Margin
NREF
NREF
POWW
POWW
Q4 25
37.6%
Q3 25
21.0%
Q2 25
-63.8%
Q1 25
-18.6%
Q4 24
5.8%
Q3 24
-88.3%
Q2 24
-11.0%
Q1 24
-2.8%
Capex Intensity
NREF
NREF
POWW
POWW
Q4 25
4.8%
Q3 25
5.8%
Q2 25
7.5%
Q1 25
6.5%
Q4 24
4.4%
Q3 24
10.4%
Q2 24
6.5%
Q1 24
-5.7%
Cash Conversion
NREF
NREF
POWW
POWW
Q4 25
-0.19×
2.55×
Q3 25
0.16×
2.29×
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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