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Side-by-side financial comparison of NexPoint Real Estate Finance, Inc. (NREF) and Vantage Corp (Singapore) (VNTG). 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 $10.4M, roughly 1.1× Vantage Corp (Singapore)). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs 45.0%, a 171.7% gap on every dollar of revenue.

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.

Vantage Towers is a European infrastructure company headquartered in Düsseldorf, Germany. The company is involved in the construction, management, and leasing of towers, antenna masts, and other facilities to mobile network operators.

NREF vs VNTG — Head-to-Head

Bigger by revenue
NREF
NREF
1.1× larger
NREF
$11.1M
$10.4M
VNTG
Higher net margin
NREF
NREF
171.7% more per $
NREF
216.6%
45.0%
VNTG

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NREF
NREF
VNTG
VNTG
Revenue
$11.1M
$10.4M
Net Profit
$24.0M
$4.7M
Gross Margin
68.6%
Operating Margin
54.1%
Net Margin
216.6%
45.0%
Revenue YoY
-48.8%
Net Profit YoY
58.7%
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
VNTG
VNTG
Q4 25
$11.1M
Q3 25
$12.5M
$10.4M
Q2 25
$12.1M
Q1 25
$11.5M
Q4 24
$21.7M
Q3 24
$12.5M
Q2 24
$6.7M
Q1 24
$-12.8M
Net Profit
NREF
NREF
VNTG
VNTG
Q4 25
$24.0M
Q3 25
$50.9M
$4.7M
Q2 25
$22.3M
Q1 25
$26.0M
Q4 24
$15.2M
Q3 24
$23.3M
Q2 24
$12.1M
Q1 24
$-14.6M
Gross Margin
NREF
NREF
VNTG
VNTG
Q4 25
Q3 25
68.6%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
NREF
NREF
VNTG
VNTG
Q4 25
Q3 25
54.1%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Net Margin
NREF
NREF
VNTG
VNTG
Q4 25
216.6%
Q3 25
407.0%
45.0%
Q2 25
184.5%
Q1 25
225.6%
Q4 24
69.9%
Q3 24
186.4%
Q2 24
179.7%
Q1 24
114.3%
EPS (diluted)
NREF
NREF
VNTG
VNTG
Q4 25
$0.47
Q3 25
$1.14
Q2 25
$0.54
Q1 25
$0.70
Q4 24
$0.71
Q3 24
$0.74
Q2 24
$0.40
Q1 24
$-0.83

Balance Sheet & Financial Strength

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

Metric
NREF
NREF
VNTG
VNTG
Cash + ST InvestmentsLiquidity on hand
$31.1M
$5.9M
Total DebtLower is stronger
$771.2M
Stockholders' EquityBook value
$388.0M
$-360.2K
Total Assets
$5.3B
$11.2M
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NREF
NREF
VNTG
VNTG
Q4 25
$31.1M
Q3 25
$17.9M
$5.9M
Q2 25
$9.1M
Q1 25
$19.2M
Q4 24
$3.9M
Q3 24
$34.7M
Q2 24
$4.3M
Q1 24
$13.5M
Total Debt
NREF
NREF
VNTG
VNTG
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
VNTG
VNTG
Q4 25
$388.0M
Q3 25
$375.4M
$-360.2K
Q2 25
$348.2M
Q1 25
$343.7M
Q4 24
$336.5M
Q3 24
$335.8M
Q2 24
$327.5M
Q1 24
$327.1M
Total Assets
NREF
NREF
VNTG
VNTG
Q4 25
$5.3B
Q3 25
$5.3B
$11.2M
Q2 25
$5.4B
Q1 25
$5.4B
Q4 24
$5.4B
Q3 24
$5.7B
Q2 24
$6.6B
Q1 24
$7.1B
Debt / Equity
NREF
NREF
VNTG
VNTG
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
VNTG
VNTG
Operating Cash FlowLast quarter
$-4.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NREF
NREF
VNTG
VNTG
Q4 25
$-4.5M
Q3 25
$8.1M
Q2 25
$3.3M
Q1 25
$16.0M
Q4 24
$4.4M
Q3 24
$14.7M
Q2 24
$-7.5M
Q1 24
$17.7M
Cash Conversion
NREF
NREF
VNTG
VNTG
Q4 25
-0.19×
Q3 25
0.16×
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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