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

Stabilis Solutions, Inc. is the larger business by last-quarter revenue ($13.3M vs $11.1M, roughly 1.2× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -2.0%, a 218.6% gap on every dollar of revenue. On growth, Stabilis Solutions, Inc. posted the faster year-over-year revenue change (-23.3% 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.

Stabilis Solutions, Inc. is a leading North American small-scale liquefied natural gas (LNG) producer and distributor. It supplies LNG fuel, cryogenic services, and full-cycle energy solutions to industrial, remote power, transportation, and commercial clients across the United States and Canada, advancing low-emission energy transition efforts.

NREF vs SLNG — Head-to-Head

Bigger by revenue
SLNG
SLNG
1.2× larger
SLNG
$13.3M
$11.1M
NREF
Growing faster (revenue YoY)
SLNG
SLNG
+25.6% gap
SLNG
-23.3%
-48.8%
NREF
Higher net margin
NREF
NREF
218.6% more per $
NREF
216.6%
-2.0%
SLNG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NREF
NREF
SLNG
SLNG
Revenue
$11.1M
$13.3M
Net Profit
$24.0M
$-262.0K
Gross Margin
24.7%
Operating Margin
-2.4%
Net Margin
216.6%
-2.0%
Revenue YoY
-48.8%
-23.3%
Net Profit YoY
58.7%
-112.4%
EPS (diluted)
$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
NREF
NREF
SLNG
SLNG
Q4 25
$11.1M
$13.3M
Q3 25
$12.5M
$20.3M
Q2 25
$12.1M
$17.3M
Q1 25
$11.5M
$17.3M
Q4 24
$21.7M
$17.3M
Q3 24
$12.5M
$17.6M
Q2 24
$6.7M
$18.6M
Q1 24
$-12.8M
$19.8M
Net Profit
NREF
NREF
SLNG
SLNG
Q4 25
$24.0M
$-262.0K
Q3 25
$50.9M
$1.1M
Q2 25
$22.3M
$-613.0K
Q1 25
$26.0M
$-1.6M
Q4 24
$15.2M
$2.1M
Q3 24
$23.3M
$997.0K
Q2 24
$12.1M
$27.0K
Q1 24
$-14.6M
$1.5M
Gross Margin
NREF
NREF
SLNG
SLNG
Q4 25
24.7%
Q3 25
27.6%
Q2 25
26.5%
Q1 25
26.2%
Q4 24
28.5%
Q3 24
28.3%
Q2 24
27.1%
Q1 24
31.6%
Operating Margin
NREF
NREF
SLNG
SLNG
Q4 25
-2.4%
Q3 25
5.5%
Q2 25
-2.4%
Q1 25
-9.7%
Q4 24
12.8%
Q3 24
5.0%
Q2 24
2.4%
Q1 24
7.8%
Net Margin
NREF
NREF
SLNG
SLNG
Q4 25
216.6%
-2.0%
Q3 25
407.0%
5.5%
Q2 25
184.5%
-3.5%
Q1 25
225.6%
-9.2%
Q4 24
69.9%
12.2%
Q3 24
186.4%
5.7%
Q2 24
179.7%
0.1%
Q1 24
114.3%
7.4%
EPS (diluted)
NREF
NREF
SLNG
SLNG
Q4 25
$0.47
Q3 25
$1.14
$0.06
Q2 25
$0.54
$-0.03
Q1 25
$0.70
$-0.09
Q4 24
$0.71
$0.12
Q3 24
$0.74
$0.05
Q2 24
$0.40
$0.00
Q1 24
$-0.83
$0.08

Balance Sheet & Financial Strength

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

Metric
NREF
NREF
SLNG
SLNG
Cash + ST InvestmentsLiquidity on hand
$31.1M
$7.5M
Total DebtLower is stronger
$771.2M
$7.9M
Stockholders' EquityBook value
$388.0M
$66.7M
Total Assets
$5.3B
$83.1M
Debt / EquityLower = less leverage
1.99×
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NREF
NREF
SLNG
SLNG
Q4 25
$31.1M
$7.5M
Q3 25
$17.9M
$10.3M
Q2 25
$9.1M
$12.2M
Q1 25
$19.2M
$9.0M
Q4 24
$3.9M
$9.0M
Q3 24
$34.7M
$12.4M
Q2 24
$4.3M
$11.5M
Q1 24
$13.5M
$8.3M
Total Debt
NREF
NREF
SLNG
SLNG
Q4 25
$771.2M
$7.9M
Q3 25
$720.9M
$8.3M
Q2 25
$815.6M
$7.6M
Q1 25
$831.5M
$8.3M
Q4 24
$799.3M
$8.9M
Q3 24
$815.5M
$9.3M
Q2 24
$861.0M
$8.6M
Q1 24
$843.3M
$9.1M
Stockholders' Equity
NREF
NREF
SLNG
SLNG
Q4 25
$388.0M
$66.7M
Q3 25
$375.4M
$66.7M
Q2 25
$348.2M
$65.5M
Q1 25
$343.7M
$65.9M
Q4 24
$336.5M
$67.0M
Q3 24
$335.8M
$65.4M
Q2 24
$327.5M
$63.7M
Q1 24
$327.1M
$63.2M
Total Assets
NREF
NREF
SLNG
SLNG
Q4 25
$5.3B
$83.1M
Q3 25
$5.3B
$87.1M
Q2 25
$5.4B
$83.2M
Q1 25
$5.4B
$83.1M
Q4 24
$5.4B
$85.6M
Q3 24
$5.7B
$89.3M
Q2 24
$6.6B
$82.6M
Q1 24
$7.1B
$80.6M
Debt / Equity
NREF
NREF
SLNG
SLNG
Q4 25
1.99×
0.12×
Q3 25
1.92×
0.12×
Q2 25
2.34×
0.12×
Q1 25
2.42×
0.13×
Q4 24
2.38×
0.13×
Q3 24
2.43×
0.14×
Q2 24
2.63×
0.13×
Q1 24
2.58×
0.14×

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
SLNG
SLNG
Operating Cash FlowLast quarter
$-4.5M
$669.0K
Free Cash FlowOCF − Capex
$-2.5M
FCF MarginFCF / Revenue
-18.6%
Capex IntensityCapex / Revenue
23.7%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters
$462.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NREF
NREF
SLNG
SLNG
Q4 25
$-4.5M
$669.0K
Q3 25
$8.1M
$2.4M
Q2 25
$3.3M
$4.5M
Q1 25
$16.0M
$1.0M
Q4 24
$4.4M
$2.2M
Q3 24
$14.7M
$2.6M
Q2 24
$-7.5M
$5.0M
Q1 24
$17.7M
$3.9M
Free Cash Flow
NREF
NREF
SLNG
SLNG
Q4 25
$-2.5M
Q3 25
$-1.5M
Q2 25
$3.9M
Q1 25
$538.0K
Q4 24
$-3.4M
Q3 24
$1.2M
Q2 24
$3.7M
Q1 24
$3.1M
FCF Margin
NREF
NREF
SLNG
SLNG
Q4 25
-18.6%
Q3 25
-7.3%
Q2 25
22.4%
Q1 25
3.1%
Q4 24
-19.7%
Q3 24
7.1%
Q2 24
19.7%
Q1 24
15.5%
Capex Intensity
NREF
NREF
SLNG
SLNG
Q4 25
23.7%
Q3 25
19.1%
Q2 25
3.7%
Q1 25
2.8%
Q4 24
32.3%
Q3 24
7.4%
Q2 24
7.4%
Q1 24
4.4%
Cash Conversion
NREF
NREF
SLNG
SLNG
Q4 25
-0.19×
Q3 25
0.16×
2.14×
Q2 25
0.15×
Q1 25
0.62×
Q4 24
0.29×
1.03×
Q3 24
0.63×
2.56×
Q2 24
-0.62×
186.59×
Q1 24
2.67×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NREF
NREF

Segment breakdown not available.

SLNG
SLNG

Natural Gas Gathering Transportation Marketing And Processing$11.1M84%
Other$1.3M10%
Services$897.0K7%

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