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Side-by-side financial comparison of NexPoint Real Estate Finance, Inc. (NREF) and TECHPRECISION CORP (TPCS). 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 $7.1M, roughly 1.6× TECHPRECISION CORP). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -20.8%, a 237.4% gap on every dollar of revenue. On growth, TECHPRECISION CORP posted the faster year-over-year revenue change (-6.9% 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.

TechPrecision Corp is a manufacturer of custom high-precision metal fabricated components and integrated systems, serving aerospace, defense, medical technology, renewable energy, and industrial end markets primarily across North America and Europe. It specializes in producing tight-tolerance, mission-critical parts that adhere to rigorous industry quality requirements.

NREF vs TPCS — Head-to-Head

Bigger by revenue
NREF
NREF
1.6× larger
NREF
$11.1M
$7.1M
TPCS
Growing faster (revenue YoY)
TPCS
TPCS
+41.9% gap
TPCS
-6.9%
-48.8%
NREF
Higher net margin
NREF
NREF
237.4% more per $
NREF
216.6%
-20.8%
TPCS

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
NREF
NREF
TPCS
TPCS
Revenue
$11.1M
$7.1M
Net Profit
$24.0M
$-1.5M
Gross Margin
5.4%
Operating Margin
-19.1%
Net Margin
216.6%
-20.8%
Revenue YoY
-48.8%
-6.9%
Net Profit YoY
58.7%
-84.4%
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
TPCS
TPCS
Q4 25
$11.1M
$7.1M
Q3 25
$12.5M
$9.1M
Q2 25
$12.1M
$7.4M
Q1 25
$11.5M
$9.5M
Q4 24
$21.7M
$7.6M
Q3 24
$12.5M
$8.9M
Q2 24
$6.7M
$8.0M
Q1 24
$-12.8M
$8.6M
Net Profit
NREF
NREF
TPCS
TPCS
Q4 25
$24.0M
$-1.5M
Q3 25
$50.9M
$825.0K
Q2 25
$22.3M
$-597.0K
Q1 25
$26.0M
$112.0K
Q4 24
$15.2M
$-799.0K
Q3 24
$23.3M
$-601.0K
Q2 24
$12.1M
$-1.5M
Q1 24
$-14.6M
$-5.1M
Gross Margin
NREF
NREF
TPCS
TPCS
Q4 25
5.4%
Q3 25
27.1%
Q2 25
14.0%
Q1 25
22.0%
Q4 24
13.0%
Q3 24
11.3%
Q2 24
3.0%
Q1 24
14.3%
Operating Margin
NREF
NREF
TPCS
TPCS
Q4 25
-19.1%
Q3 25
10.4%
Q2 25
-6.3%
Q1 25
3.9%
Q4 24
-9.1%
Q3 24
-5.5%
Q2 24
-16.8%
Q1 24
-28.6%
Net Margin
NREF
NREF
TPCS
TPCS
Q4 25
216.6%
-20.8%
Q3 25
407.0%
9.1%
Q2 25
184.5%
-8.1%
Q1 25
225.6%
1.2%
Q4 24
69.9%
-10.5%
Q3 24
186.4%
-6.7%
Q2 24
179.7%
-18.3%
Q1 24
114.3%
-59.5%
EPS (diluted)
NREF
NREF
TPCS
TPCS
Q4 25
$0.47
$-0.15
Q3 25
$1.14
$0.08
Q2 25
$0.54
$-0.06
Q1 25
$0.70
$0.01
Q4 24
$0.71
$-0.08
Q3 24
$0.74
$-0.06
Q2 24
$0.40
$-0.16
Q1 24
$-0.83
$-0.59

Balance Sheet & Financial Strength

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

Metric
NREF
NREF
TPCS
TPCS
Cash + ST InvestmentsLiquidity on hand
$31.1M
$50.0K
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$388.0M
$8.0M
Total Assets
$5.3B
$32.8M
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NREF
NREF
TPCS
TPCS
Q4 25
$31.1M
$50.0K
Q3 25
$17.9M
$220.0K
Q2 25
$9.1M
$143.0K
Q1 25
$19.2M
$195.0K
Q4 24
$3.9M
$165.0K
Q3 24
$34.7M
$132.0K
Q2 24
$4.3M
$44.8K
Q1 24
$13.5M
$138.0K
Total Debt
NREF
NREF
TPCS
TPCS
Q4 25
$771.2M
Q3 25
$720.9M
Q2 25
$815.6M
Q1 25
$831.5M
$3.0K
Q4 24
$799.3M
$19.0K
Q3 24
$815.5M
Q2 24
$861.0M
Q1 24
$843.3M
Stockholders' Equity
NREF
NREF
TPCS
TPCS
Q4 25
$388.0M
$8.0M
Q3 25
$375.4M
$9.1M
Q2 25
$348.2M
$8.2M
Q1 25
$343.7M
$8.7M
Q4 24
$336.5M
$8.1M
Q3 24
$335.8M
$8.9M
Q2 24
$327.5M
$7.9M
Q1 24
$327.1M
$7.8M
Total Assets
NREF
NREF
TPCS
TPCS
Q4 25
$5.3B
$32.8M
Q3 25
$5.3B
$33.8M
Q2 25
$5.4B
$32.1M
Q1 25
$5.4B
$33.5M
Q4 24
$5.4B
$32.2M
Q3 24
$5.7B
$35.0M
Q2 24
$6.6B
$35.7M
Q1 24
$7.1B
$34.7M
Debt / Equity
NREF
NREF
TPCS
TPCS
Q4 25
1.99×
Q3 25
1.92×
Q2 25
2.34×
Q1 25
2.42×
0.00×
Q4 24
2.38×
0.00×
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
TPCS
TPCS
Operating Cash FlowLast quarter
$-4.5M
$183.0K
Free Cash FlowOCF − Capex
$-827.0K
FCF MarginFCF / Revenue
-11.7%
Capex IntensityCapex / Revenue
14.2%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters
$-4.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NREF
NREF
TPCS
TPCS
Q4 25
$-4.5M
$183.0K
Q3 25
$8.1M
$-1.1M
Q2 25
$3.3M
$646.0K
Q1 25
$16.0M
$396.0K
Q4 24
$4.4M
$-570.0K
Q3 24
$14.7M
$-532.0K
Q2 24
$-7.5M
$107.0K
Q1 24
$17.7M
$-452.0K
Free Cash Flow
NREF
NREF
TPCS
TPCS
Q4 25
$-827.0K
Q3 25
$-2.1M
Q2 25
$-604.0K
Q1 25
$-930.0K
Q4 24
$-1.7M
Q3 24
$-2.0M
Q2 24
$-94.0K
Q1 24
$-900.0K
FCF Margin
NREF
NREF
TPCS
TPCS
Q4 25
-11.7%
Q3 25
-22.9%
Q2 25
-8.2%
Q1 25
-9.8%
Q4 24
-22.9%
Q3 24
-21.8%
Q2 24
-1.2%
Q1 24
-10.5%
Capex Intensity
NREF
NREF
TPCS
TPCS
Q4 25
14.2%
Q3 25
11.0%
Q2 25
16.9%
Q1 25
14.0%
Q4 24
15.4%
Q3 24
15.9%
Q2 24
2.5%
Q1 24
5.2%
Cash Conversion
NREF
NREF
TPCS
TPCS
Q4 25
-0.19×
Q3 25
0.16×
-1.31×
Q2 25
0.15×
Q1 25
0.62×
3.54×
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.

Revenue Breakdown by Segment

NREF
NREF

Segment breakdown not available.

TPCS
TPCS

Defense$6.7M94%
Other$410.0K6%

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