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Side-by-side financial comparison of NexPoint Real Estate Finance, Inc. (NREF) and Zepp Health Corp (ZEPP). 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 $10.5M, roughly 1.1× Zepp Health Corp). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -2.1%, a 218.8% 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.

Zepp Health Corp is a global digital health and smart wearable technology company. It develops and sells fitness trackers, smartwatches, and AI-powered health monitoring tools, serving individual consumers, sports teams, and healthcare providers across Asia, North America, and Europe, with core focus on wellness tracking and remote health management solutions.

NREF vs ZEPP — Head-to-Head

Bigger by revenue
NREF
NREF
1.1× larger
NREF
$11.1M
$10.5M
ZEPP
Higher net margin
NREF
NREF
218.8% more per $
NREF
216.6%
-2.1%
ZEPP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NREF
NREF
ZEPP
ZEPP
Revenue
$11.1M
$10.5M
Net Profit
$24.0M
$-223.0K
Gross Margin
38.2%
Operating Margin
-1.2%
Net Margin
216.6%
-2.1%
Revenue YoY
-48.8%
Net Profit YoY
58.7%
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.

Revenue
NREF
NREF
ZEPP
ZEPP
Q4 25
$11.1M
Q3 25
$12.5M
$10.5M
Q2 25
$12.1M
$8.2M
Q1 25
$11.5M
$5.3M
Q4 24
$21.7M
Q3 24
$12.5M
$5.9M
Q2 24
$6.7M
$5.6M
Q1 24
$-12.8M
$5.5M
Net Profit
NREF
NREF
ZEPP
ZEPP
Q4 25
$24.0M
Q3 25
$50.9M
$-223.0K
Q2 25
$22.3M
$-1.1M
Q1 25
$26.0M
$-2.7M
Q4 24
$15.2M
Q3 24
$23.3M
$-1.8M
Q2 24
$12.1M
$-1.5M
Q1 24
$-14.6M
$-2.0M
Gross Margin
NREF
NREF
ZEPP
ZEPP
Q4 25
Q3 25
38.2%
Q2 25
36.2%
Q1 25
37.3%
Q4 24
Q3 24
40.6%
Q2 24
40.3%
Q1 24
36.8%
Operating Margin
NREF
NREF
ZEPP
ZEPP
Q4 25
Q3 25
-1.2%
Q2 25
-10.3%
Q1 25
-47.7%
Q4 24
Q3 24
-29.5%
Q2 24
-24.3%
Q1 24
-39.6%
Net Margin
NREF
NREF
ZEPP
ZEPP
Q4 25
216.6%
Q3 25
407.0%
-2.1%
Q2 25
184.5%
-13.0%
Q1 25
225.6%
-51.2%
Q4 24
69.9%
Q3 24
186.4%
-31.2%
Q2 24
179.7%
-26.7%
Q1 24
114.3%
-36.8%
EPS (diluted)
NREF
NREF
ZEPP
ZEPP
Q4 25
$0.47
Q3 25
$1.14
$-0.01
Q2 25
$0.54
$-0.07
Q1 25
$0.70
$-0.17
Q4 24
$0.71
Q3 24
$0.74
$-0.01
Q2 24
$0.40
$-0.01
Q1 24
$-0.83
$-0.01

Balance Sheet & Financial Strength

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

Metric
NREF
NREF
ZEPP
ZEPP
Cash + ST InvestmentsLiquidity on hand
$31.1M
$8.7M
Total DebtLower is stronger
$771.2M
$9.6M
Stockholders' EquityBook value
$388.0M
$31.2M
Total Assets
$5.3B
$80.9M
Debt / EquityLower = less leverage
1.99×
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NREF
NREF
ZEPP
ZEPP
Q4 25
$31.1M
Q3 25
$17.9M
$8.7M
Q2 25
$9.1M
$7.8M
Q1 25
$19.2M
$10.7M
Q4 24
$3.9M
Q3 24
$34.7M
$16.4M
Q2 24
$4.3M
$17.0M
Q1 24
$13.5M
$17.9M
Total Debt
NREF
NREF
ZEPP
ZEPP
Q4 25
$771.2M
Q3 25
$720.9M
$9.6M
Q2 25
$815.6M
$9.7M
Q1 25
$831.5M
$9.6M
Q4 24
$799.3M
Q3 24
$815.5M
$5.7M
Q2 24
$861.0M
$7.3M
Q1 24
$843.3M
$11.2M
Stockholders' Equity
NREF
NREF
ZEPP
ZEPP
Q4 25
$388.0M
Q3 25
$375.4M
$31.2M
Q2 25
$348.2M
$31.1M
Q1 25
$343.7M
Q4 24
$336.5M
Q3 24
$335.8M
Q2 24
$327.5M
$44.6M
Q1 24
$327.1M
Total Assets
NREF
NREF
ZEPP
ZEPP
Q4 25
$5.3B
Q3 25
$5.3B
$80.9M
Q2 25
$5.4B
$75.8M
Q1 25
$5.4B
$71.6M
Q4 24
$5.4B
Q3 24
$5.7B
$81.3M
Q2 24
$6.6B
$79.7M
Q1 24
$7.1B
$80.5M
Debt / Equity
NREF
NREF
ZEPP
ZEPP
Q4 25
1.99×
Q3 25
1.92×
0.31×
Q2 25
2.34×
0.31×
Q1 25
2.42×
Q4 24
2.38×
Q3 24
2.43×
Q2 24
2.63×
0.16×
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
ZEPP
ZEPP
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
ZEPP
ZEPP
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
ZEPP
ZEPP
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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