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Side-by-side financial comparison of NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT) and SUTRO BIOPHARMA, INC. (STRO). Click either name above to swap in a different company.

NEXPOINT DIVERSIFIED REAL ESTATE TRUST is the larger business by last-quarter revenue ($18.4M vs $11.6M, roughly 1.6× SUTRO BIOPHARMA, INC.). On growth, SUTRO BIOPHARMA, INC. posted the faster year-over-year revenue change (-21.4% vs -29.0%). Over the past eight quarters, NEXPOINT DIVERSIFIED REAL ESTATE TRUST's revenue compounded faster (19.9% CAGR vs -5.4%).

NexPoint Diversified Real Estate Trust is a publicly traded US real estate investment trust. It acquires, manages and optimizes a diversified portfolio covering multifamily housing, industrial facilities, offices and neighborhood retail, generating returns via rental income and long-term property value appreciation.

Sutro Biopharma, Inc. is a publicly traded biotechnology company headquartered in South San Francisco, California focused on clinical-stage drug discovery, development and manufacturing. Using a proprietary cell-free protein synthesis platform, Sutro is working on oncology therapeutics using protein engineering and rational design. Founded in 2003 under the name Fundamental Applied Biology, the company name changed to Sutro Biopharma in 2009. William Newell, CEO as of 2024, joined Sutro in Ja...

NXDT vs STRO — Head-to-Head

Bigger by revenue
NXDT
NXDT
1.6× larger
NXDT
$18.4M
$11.6M
STRO
Growing faster (revenue YoY)
STRO
STRO
+7.7% gap
STRO
-21.4%
-29.0%
NXDT
Faster 2-yr revenue CAGR
NXDT
NXDT
Annualised
NXDT
19.9%
-5.4%
STRO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NXDT
NXDT
STRO
STRO
Revenue
$18.4M
$11.6M
Net Profit
$-35.5M
Gross Margin
Operating Margin
-18.8%
Net Margin
-193.1%
Revenue YoY
-29.0%
-21.4%
Net Profit YoY
-291.1%
35.4%
EPS (diluted)
$-0.73

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
NXDT
NXDT
STRO
STRO
Q4 25
$18.4M
$11.6M
Q3 25
$17.5M
$9.7M
Q2 25
$21.0M
$63.7M
Q1 25
$29.1M
$17.4M
Q4 24
$25.9M
$14.8M
Q3 24
$22.2M
$8.5M
Q2 24
$22.3M
$25.7M
Q1 24
$12.8M
$13.0M
Net Profit
NXDT
NXDT
STRO
STRO
Q4 25
$-35.5M
Q3 25
$-13.7M
$-56.9M
Q2 25
$-45.3M
$-11.5M
Q1 25
$-34.3M
$-76.0M
Q4 24
$-9.1M
$-72.4M
Q3 24
$-10.0M
$-48.8M
Q2 24
$-9.8M
$-48.0M
Q1 24
$-22.7M
$-58.2M
Operating Margin
NXDT
NXDT
STRO
STRO
Q4 25
-18.8%
Q3 25
-19.1%
-499.9%
Q2 25
-0.6%
-5.2%
Q1 25
19.0%
-393.8%
Q4 24
3.6%
-440.7%
Q3 24
-26.8%
-797.2%
Q2 24
2.7%
-189.4%
Q1 24
2.1%
-435.0%
Net Margin
NXDT
NXDT
STRO
STRO
Q4 25
-193.1%
Q3 25
-78.4%
-586.6%
Q2 25
-215.1%
-18.0%
Q1 25
-118.0%
-436.6%
Q4 24
-35.0%
-489.2%
Q3 24
-45.2%
-572.6%
Q2 24
-43.9%
-186.8%
Q1 24
-177.3%
-447.5%
EPS (diluted)
NXDT
NXDT
STRO
STRO
Q4 25
$-0.73
Q3 25
$-0.29
$-0.67
Q2 25
$-0.99
$-0.14
Q1 25
$-0.80
$-0.91
Q4 24
$-0.20
$-27.63
Q3 24
$-0.25
$-0.59
Q2 24
$-0.24
$-0.59
Q1 24
$-0.59
$-0.59

Balance Sheet & Financial Strength

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

Metric
NXDT
NXDT
STRO
STRO
Cash + ST InvestmentsLiquidity on hand
$8.2M
$141.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$700.1M
$-132.5M
Total Assets
$1.1B
$173.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NXDT
NXDT
STRO
STRO
Q4 25
$8.2M
$141.4M
Q3 25
$5.3M
$167.6M
Q2 25
$4.7M
$205.1M
Q1 25
$9.5M
$249.0M
Q4 24
$8.8M
$316.9M
Q3 24
$8.5M
$388.3M
Q2 24
$28.4M
$375.6M
Q1 24
$20.2M
$267.6M
Stockholders' Equity
NXDT
NXDT
STRO
STRO
Q4 25
$700.1M
$-132.5M
Q3 25
$739.0M
$-87.3M
Q2 25
$752.7M
$-32.1M
Q1 25
$802.7M
$-25.8M
Q4 24
$836.5M
$44.6M
Q3 24
$842.9M
$111.2M
Q2 24
$859.1M
$152.2M
Q1 24
$863.0M
$98.0M
Total Assets
NXDT
NXDT
STRO
STRO
Q4 25
$1.1B
$173.8M
Q3 25
$1.1B
$209.7M
Q2 25
$1.1B
$262.4M
Q1 25
$1.2B
$321.4M
Q4 24
$1.2B
$387.2M
Q3 24
$1.2B
$451.8M
Q2 24
$1.2B
$489.0M
Q1 24
$1.1B
$403.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NXDT
NXDT
STRO
STRO
Operating Cash FlowLast quarter
$9.2M
$-177.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NXDT
NXDT
STRO
STRO
Q4 25
$9.2M
$-177.2M
Q3 25
$835.0K
$-38.2M
Q2 25
$75.0K
$-44.7M
Q1 25
$7.1M
$-67.9M
Q4 24
$-11.7M
$-71.7M
Q3 24
$497.0K
$-64.5M
Q2 24
$-5.5M
$9.5M
Q1 24
$-2.6M
$-64.7M

Financial Flow Comparison

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

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