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Side-by-side financial comparison of NexPoint Real Estate Finance, Inc. (NREF) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.
Village Farms International, Inc. is the larger business by last-quarter revenue ($12.2M vs $11.1M, roughly 1.1× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs 19.9%, a 196.7% gap on every dollar of revenue. On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% 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.
Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.
NREF vs VFF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.1M | $12.2M |
| Net Profit | $24.0M | $2.4M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 216.6% | 19.9% |
| Revenue YoY | -48.8% | 31.5% |
| Net Profit YoY | 58.7% | 128.2% |
| 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.
| Q4 25 | $11.1M | $12.2M | ||
| Q3 25 | $12.5M | $66.7M | ||
| Q2 25 | $12.1M | $59.9M | ||
| Q1 25 | $11.5M | $77.1M | ||
| Q4 24 | $21.7M | — | ||
| Q3 24 | $12.5M | $54.9M | ||
| Q2 24 | $6.7M | $53.6M | ||
| Q1 24 | $-12.8M | $78.1M |
| Q4 25 | $24.0M | $2.4M | ||
| Q3 25 | $50.9M | $10.2M | ||
| Q2 25 | $22.3M | $26.5M | ||
| Q1 25 | $26.0M | $-6.7M | ||
| Q4 24 | $15.2M | — | ||
| Q3 24 | $23.3M | $-820.0K | ||
| Q2 24 | $12.1M | $-23.5M | ||
| Q1 24 | $-14.6M | $-2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 47.9% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 14.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 19.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | 23.3% | ||
| Q2 25 | — | 20.8% | ||
| Q1 25 | — | -8.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | -43.5% | ||
| Q1 24 | — | -3.0% |
| Q4 25 | 216.6% | 19.9% | ||
| Q3 25 | 407.0% | 15.3% | ||
| Q2 25 | 184.5% | 44.2% | ||
| Q1 25 | 225.6% | -8.7% | ||
| Q4 24 | 69.9% | — | ||
| Q3 24 | 186.4% | -1.5% | ||
| Q2 24 | 179.7% | -43.9% | ||
| Q1 24 | 114.3% | -3.7% |
| Q4 25 | $0.47 | $0.01 | ||
| Q3 25 | $1.14 | $0.08 | ||
| Q2 25 | $0.54 | $0.24 | ||
| Q1 25 | $0.70 | $-0.06 | ||
| Q4 24 | $0.71 | — | ||
| Q3 24 | $0.74 | $-0.01 | ||
| Q2 24 | $0.40 | $-0.21 | ||
| Q1 24 | $-0.83 | $-0.03 |
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 | $81.2M |
| Total DebtLower is stronger | $771.2M | $33.7M |
| Stockholders' EquityBook value | $388.0M | $299.9M |
| Total Assets | $5.3B | $423.1M |
| Debt / EquityLower = less leverage | 1.99× | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.1M | $81.2M | ||
| Q3 25 | $17.9M | $82.6M | ||
| Q2 25 | $9.1M | $60.0M | ||
| Q1 25 | $19.2M | $15.1M | ||
| Q4 24 | $3.9M | — | ||
| Q3 24 | $34.7M | $28.7M | ||
| Q2 24 | $4.3M | $29.7M | ||
| Q1 24 | $13.5M | $26.7M |
| Q4 25 | $771.2M | $33.7M | ||
| Q3 25 | $720.9M | $34.6M | ||
| Q2 25 | $815.6M | $39.1M | ||
| Q1 25 | $831.5M | $39.2M | ||
| Q4 24 | $799.3M | — | ||
| Q3 24 | $815.5M | $43.3M | ||
| Q2 24 | $861.0M | $44.4M | ||
| Q1 24 | $843.3M | $46.1M |
| Q4 25 | $388.0M | $299.9M | ||
| Q3 25 | $375.4M | $295.4M | ||
| Q2 25 | $348.2M | $284.3M | ||
| Q1 25 | $343.7M | $248.3M | ||
| Q4 24 | $336.5M | — | ||
| Q3 24 | $335.8M | $274.4M | ||
| Q2 24 | $327.5M | $275.2M | ||
| Q1 24 | $327.1M | $296.2M |
| Q4 25 | $5.3B | $423.1M | ||
| Q3 25 | $5.3B | $418.4M | ||
| Q2 25 | $5.4B | $403.7M | ||
| Q1 25 | $5.4B | $377.1M | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.7B | $417.8M | ||
| Q2 24 | $6.6B | $425.4M | ||
| Q1 24 | $7.1B | $458.4M |
| Q4 25 | 1.99× | 0.11× | ||
| Q3 25 | 1.92× | 0.12× | ||
| Q2 25 | 2.34× | 0.14× | ||
| Q1 25 | 2.42× | 0.16× | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 2.43× | 0.16× | ||
| Q2 24 | 2.63× | 0.16× | ||
| Q1 24 | 2.58× | 0.16× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 90.8% |
| Cash ConversionOCF / Net Profit | -0.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.5M | — | ||
| Q3 25 | $8.1M | $24.4M | ||
| Q2 25 | $3.3M | — | ||
| Q1 25 | $16.0M | $-6.4M | ||
| Q4 24 | $4.4M | — | ||
| Q3 24 | $14.7M | $4.3M | ||
| Q2 24 | $-7.5M | $5.7M | ||
| Q1 24 | $17.7M | $-50.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | $22.6M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-8.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.5M | ||
| Q2 24 | — | $4.8M | ||
| Q1 24 | — | $-1.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 33.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -11.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 9.0% | ||
| Q1 24 | — | -2.5% |
| Q4 25 | — | 90.8% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 2.4% |
| Q4 25 | -0.19× | — | ||
| Q3 25 | 0.16× | 2.39× | ||
| 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.
Revenue Breakdown by Segment
NREF
Segment breakdown not available.
VFF
| International Sales | $8.7M | 71% |
| Cannabis United States Segment | $3.4M | 27% |
