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Side-by-side financial comparison of NexPoint Real Estate Finance, Inc. (NREF) and PIONEER POWER SOLUTIONS, INC. (PPSI). 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 $5.6M, roughly 2.0× PIONEER POWER SOLUTIONS, INC.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -24.7%, a 241.4% gap on every dollar of revenue. On growth, PIONEER POWER SOLUTIONS, INC. posted the faster year-over-year revenue change (-42.3% 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.
Caterpillar Energy Solutions GmbH, is a mechanical engineering company based in Mannheim, Baden-Württemberg, Germany. It was known as MWM GmbH Motoren-Werke Mannheim (MWM) until November 2013. In 2009 the company was the third-largest producer by revenue of gas and diesel engines.
NREF vs PPSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.1M | $5.6M |
| Net Profit | $24.0M | $-1.4M |
| Gross Margin | — | 23.5% |
| Operating Margin | — | -19.4% |
| Net Margin | 216.6% | -24.7% |
| Revenue YoY | -48.8% | -42.3% |
| Net Profit YoY | 58.7% | -103.8% |
| EPS (diluted) | $0.47 | $-0.12 |
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 | $5.6M | ||
| Q3 25 | $12.5M | $6.9M | ||
| Q2 25 | $12.1M | $8.4M | ||
| Q1 25 | $11.5M | $6.7M | ||
| Q4 24 | $21.7M | $9.8M | ||
| Q3 24 | $12.5M | $6.4M | ||
| Q2 24 | $6.7M | $3.4M | ||
| Q1 24 | $-12.8M | $3.3M |
| Q4 25 | $24.0M | $-1.4M | ||
| Q3 25 | $50.9M | $-2.4M | ||
| Q2 25 | $22.3M | $-1.3M | ||
| Q1 25 | $26.0M | $-929.0K | ||
| Q4 24 | $15.2M | $36.3M | ||
| Q3 24 | $23.3M | $-1.1M | ||
| Q2 24 | $12.1M | $-2.3M | ||
| Q1 24 | $-14.6M | $-1.0M |
| Q4 25 | — | 23.5% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | — | 15.7% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 28.9% | ||
| Q3 24 | — | 23.7% | ||
| Q2 24 | — | 18.9% | ||
| Q1 24 | — | 16.1% |
| Q4 25 | — | -19.4% | ||
| Q3 25 | — | -21.0% | ||
| Q2 25 | — | -20.4% | ||
| Q1 25 | — | -34.8% | ||
| Q4 24 | — | -11.0% | ||
| Q3 24 | — | -11.1% | ||
| Q2 24 | — | -51.1% | ||
| Q1 24 | — | -52.1% |
| Q4 25 | 216.6% | -24.7% | ||
| Q3 25 | 407.0% | -34.1% | ||
| Q2 25 | 184.5% | -15.9% | ||
| Q1 25 | 225.6% | -13.8% | ||
| Q4 24 | 69.9% | 372.1% | ||
| Q3 24 | 186.4% | -17.5% | ||
| Q2 24 | 179.7% | -67.2% | ||
| Q1 24 | 114.3% | -31.2% |
| Q4 25 | $0.47 | $-0.12 | ||
| Q3 25 | $1.14 | $-0.21 | ||
| Q2 25 | $0.54 | $-0.12 | ||
| Q1 25 | $0.70 | $-0.09 | ||
| Q4 24 | $0.71 | $3.31 | ||
| Q3 24 | $0.74 | $-0.10 | ||
| Q2 24 | $0.40 | $-0.21 | ||
| Q1 24 | $-0.83 | $-0.10 |
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 | — |
| Stockholders' EquityBook value | $388.0M | $29.3M |
| Total Assets | $5.3B | $35.5M |
| Debt / EquityLower = less leverage | 1.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.1M | — | ||
| Q3 25 | $17.9M | — | ||
| Q2 25 | $9.1M | $18.0M | ||
| Q1 25 | $19.2M | $25.8M | ||
| Q4 24 | $3.9M | $41.6M | ||
| Q3 24 | $34.7M | $3.1M | ||
| Q2 24 | $4.3M | $6.5M | ||
| Q1 24 | $13.5M | $6.2M |
| 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 | — |
| Q4 25 | $388.0M | $29.3M | ||
| Q3 25 | $375.4M | $30.7M | ||
| Q2 25 | $348.2M | $33.0M | ||
| Q1 25 | $343.7M | $34.5M | ||
| Q4 24 | $336.5M | $35.4M | ||
| Q3 24 | $335.8M | $14.7M | ||
| Q2 24 | $327.5M | $15.8M | ||
| Q1 24 | $327.1M | $18.1M |
| Q4 25 | $5.3B | $35.5M | ||
| Q3 25 | $5.3B | $37.6M | ||
| Q2 25 | $5.4B | $39.1M | ||
| Q1 25 | $5.4B | $47.5M | ||
| Q4 24 | $5.4B | $66.0M | ||
| Q3 24 | $5.7B | $40.1M | ||
| Q2 24 | $6.6B | $38.0M | ||
| Q1 24 | $7.1B | $39.3M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-4.5M | $-1.0M |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -38.8% |
| Capex IntensityCapex / Revenue | — | 20.3% |
| Cash ConversionOCF / Net Profit | -0.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.5M | $-1.0M | ||
| Q3 25 | $8.1M | $-817.0K | ||
| Q2 25 | $3.3M | $-5.5M | ||
| Q1 25 | $16.0M | $1.5M | ||
| Q4 24 | $4.4M | $-2.1M | ||
| Q3 24 | $14.7M | $-2.7M | ||
| Q2 24 | $-7.5M | $571.0K | ||
| Q1 24 | $17.7M | $-1.9M |
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $-1.6M | ||
| Q2 25 | — | $-5.6M | ||
| Q1 25 | — | $907.0K | ||
| Q4 24 | — | $-4.6M | ||
| Q3 24 | — | $-3.4M | ||
| Q2 24 | — | $170.0K | ||
| Q1 24 | — | $-2.2M |
| Q4 25 | — | -38.8% | ||
| Q3 25 | — | -23.4% | ||
| Q2 25 | — | -67.0% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | — | -46.9% | ||
| Q3 24 | — | -53.0% | ||
| Q2 24 | — | 5.0% | ||
| Q1 24 | — | -65.2% |
| Q4 25 | — | 20.3% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 11.8% | ||
| Q1 24 | — | 6.4% |
| Q4 25 | -0.19× | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.15× | — | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.29× | -0.06× | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | -0.62× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NREF
Segment breakdown not available.
PPSI
| Total Revenue | $4.0M | 70% |
| Other | $1.7M | 30% |
