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Side-by-side financial comparison of NexPoint Residential Trust, Inc. (NXRT) and System1, Inc. (SST). Click either name above to swap in a different company.

NexPoint Residential Trust, Inc. is the larger business by last-quarter revenue ($62.1M vs $51.9M, roughly 1.2× System1, Inc.). On growth, NexPoint Residential Trust, Inc. posted the faster year-over-year revenue change (-2.7% vs -31.3%). Over the past eight quarters, NexPoint Residential Trust, Inc.'s revenue compounded faster (-4.1% CAGR vs -21.8%).

NexPoint Residential Trust, Inc. is a publicly traded real estate investment trust focused on acquiring, renovating, and operating multifamily residential properties primarily across high-growth Sun Belt markets in the United States. Its portfolio consists mainly of affordable and mid-tier apartment communities, targeting steady rental income growth and long-term asset value appreciation for investors.

System1 is an American Internet advertising company. Formerly known as OpenMail, it was founded in 2013. It describes itself as operating a "Responsive Acquisition Marketing Platform", and cites privacy as one of its principal foci, although it has been criticized for its influence on privacy-focused properties, including search engine Startpage.com. It is headquartered in Marina del Rey, California.

NXRT vs SST — Head-to-Head

Bigger by revenue
NXRT
NXRT
1.2× larger
NXRT
$62.1M
$51.9M
SST
Growing faster (revenue YoY)
NXRT
NXRT
+28.6% gap
NXRT
-2.7%
-31.3%
SST
Faster 2-yr revenue CAGR
NXRT
NXRT
Annualised
NXRT
-4.1%
-21.8%
SST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NXRT
NXRT
SST
SST
Revenue
$62.1M
$51.9M
Net Profit
$-13.5M
Gross Margin
41.0%
Operating Margin
8.4%
-33.6%
Net Margin
-26.0%
Revenue YoY
-2.7%
-31.3%
Net Profit YoY
4.8%
EPS (diluted)
$-3.58

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
NXRT
NXRT
SST
SST
Q4 25
$62.1M
$51.9M
Q3 25
$62.8M
$61.6M
Q2 25
$63.1M
$78.1M
Q1 25
$63.2M
$74.5M
Q4 24
$63.8M
$75.6M
Q3 24
$64.1M
$88.8M
Q2 24
$64.2M
$94.6M
Q1 24
$67.6M
$84.9M
Net Profit
NXRT
NXRT
SST
SST
Q4 25
$-13.5M
Q3 25
$-7.8M
$-18.5M
Q2 25
$-7.0M
$-17.5M
Q1 25
$-6.9M
$-15.9M
Q4 24
$-14.2M
Q3 24
$-8.9M
$-23.6M
Q2 24
$10.6M
$-26.4M
Q1 24
$26.3M
$-10.5M
Gross Margin
NXRT
NXRT
SST
SST
Q4 25
41.0%
Q3 25
36.9%
Q2 25
35.7%
Q1 25
38.2%
Q4 24
42.1%
Q3 24
28.0%
Q2 24
27.6%
Q1 24
21.9%
Operating Margin
NXRT
NXRT
SST
SST
Q4 25
8.4%
-33.6%
Q3 25
11.8%
-25.3%
Q2 25
12.5%
-20.4%
Q1 25
11.7%
-17.6%
Q4 24
18.0%
-15.7%
Q3 24
8.7%
-24.6%
Q2 24
39.7%
-30.8%
Q1 24
60.7%
-30.4%
Net Margin
NXRT
NXRT
SST
SST
Q4 25
-26.0%
Q3 25
-12.4%
-30.1%
Q2 25
-11.1%
-22.4%
Q1 25
-10.9%
-21.3%
Q4 24
-18.7%
Q3 24
-13.8%
-26.6%
Q2 24
16.5%
-27.9%
Q1 24
38.9%
-12.4%
EPS (diluted)
NXRT
NXRT
SST
SST
Q4 25
$-3.58
Q3 25
$-0.31
$-2.30
Q2 25
$-0.28
$-2.23
Q1 25
$-0.27
$-0.21
Q4 24
$-3.41
Q3 24
$-0.35
$-3.37
Q2 24
$0.40
$-3.80
Q1 24
$1.00
$-0.16

Balance Sheet & Financial Strength

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

Metric
NXRT
NXRT
SST
SST
Cash + ST InvestmentsLiquidity on hand
$13.7M
$86.9M
Total DebtLower is stronger
$1.6B
$305.1M
Stockholders' EquityBook value
$295.5M
$30.5M
Total Assets
$1.9B
$405.0M
Debt / EquityLower = less leverage
5.39×
10.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NXRT
NXRT
SST
SST
Q4 25
$13.7M
$86.9M
Q3 25
$10.8M
$54.6M
Q2 25
$13.6M
$63.6M
Q1 25
$23.7M
$43.9M
Q4 24
$23.1M
$63.6M
Q3 24
$17.4M
$69.1M
Q2 24
$21.3M
$75.7M
Q1 24
$37.2M
$69.9M
Total Debt
NXRT
NXRT
SST
SST
Q4 25
$1.6B
$305.1M
Q3 25
$259.2M
Q2 25
$263.3M
Q1 25
$267.4M
Q4 24
$255.1M
Q3 24
$259.2M
Q2 24
$263.3M
Q1 24
$1.5B
$268.6M
Stockholders' Equity
NXRT
NXRT
SST
SST
Q4 25
$295.5M
$30.5M
Q3 25
$322.9M
$42.7M
Q2 25
$347.9M
$58.2M
Q1 25
$379.9M
$67.2M
Q4 24
$410.4M
$80.3M
Q3 24
$447.1M
$90.3M
Q2 24
$491.1M
$109.4M
Q1 24
$512.8M
$131.7M
Total Assets
NXRT
NXRT
SST
SST
Q4 25
$1.9B
$405.0M
Q3 25
$1.8B
$385.2M
Q2 25
$1.9B
$429.2M
Q1 25
$1.9B
$419.2M
Q4 24
$1.9B
$459.1M
Q3 24
$2.0B
$479.3M
Q2 24
$2.0B
$511.3M
Q1 24
$2.0B
$521.1M
Debt / Equity
NXRT
NXRT
SST
SST
Q4 25
5.39×
10.01×
Q3 25
6.07×
Q2 25
4.53×
Q1 25
3.98×
Q4 24
3.18×
Q3 24
2.87×
Q2 24
2.41×
Q1 24
2.92×
2.04×

Cash Flow & Capital Efficiency

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

Metric
NXRT
NXRT
SST
SST
Operating Cash FlowLast quarter
$83.6M
$-10.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NXRT
NXRT
SST
SST
Q4 25
$83.6M
$-10.6M
Q3 25
$29.3M
$-2.1M
Q2 25
$19.9M
$24.5M
Q1 25
$28.3M
$-15.9M
Q4 24
$73.6M
$772.0K
Q3 24
$27.8M
$-5.0K
Q2 24
$19.7M
$10.0M
Q1 24
$19.7M
$-16.0M
Free Cash Flow
NXRT
NXRT
SST
SST
Q4 25
Q3 25
Q2 25
Q1 25
$-16.0M
Q4 24
Q3 24
$-36.0K
Q2 24
Q1 24
FCF Margin
NXRT
NXRT
SST
SST
Q4 25
Q3 25
Q2 25
Q1 25
-21.5%
Q4 24
Q3 24
-0.0%
Q2 24
Q1 24
Capex Intensity
NXRT
NXRT
SST
SST
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
NXRT
NXRT
SST
SST
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
1.86×
Q1 24
0.75×

Financial Flow Comparison

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

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