Last 32 quarters of trend data · Real Estate · REIT - Mortgage
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
NexPoint Real Estate Finance, Inc.'s quarterly P/E stands at 7.3x, down 53.3% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 24.1% YoY to 37.6x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 5.04 | 7.33 | 3.11 | 6.38 | 5.46 | 15.69 | 6.11 | 8.57 | — | 4.98 | — | 11.81 | 10.31 |
| — | -53.3% | -49.1% | -25.5% | — | +214.8% | — | -27.4% | — | +202.4% | — | — | +42.3% | |
| P/S Ratio | 2.20 | 5.09 | 4.79 | 4.33 | 4.83 | 3.47 | 3.47 | 4.83 | 3.37 | 2.50 | — | 13.82 | 66.90 |
| — | +46.9% | +37.8% | -10.4% | +43.3% | +38.5% | — | -65.1% | -95.0% | -98.7% | — | -15.4% | +876.9% | |
| P/B Ratio | 0.65 | 0.82 | 0.80 | 0.80 | 0.89 | 0.92 | 0.89 | 0.79 | 0.55 | 0.61 | 0.65 | 0.77 | 0.75 |
| — | -10.5% | -10.2% | +0.7% | +60.6% | +51.1% | +37.7% | +2.6% | -26.4% | +37.8% | -5.4% | -12.9% | -23.2% | |
| P/FCF | 12.13 | — | 19.20 | 41.00 | 8.59 | 30.18 | 8.09 | — | 3.50 | 21.69 | 11.84 | 11.95 | 5.94 |
| — | — | +137.4% | — | +145.5% | +39.1% | -31.7% | — | -41.1% | +15.1% | +56.5% | +34.9% | +83.9% | |
| EV / EBITDA | 28.25 | 37.64 | 21.07 | 38.86 | 35.19 | 49.60 | 37.92 | 130.15 | 119.84 | 53.18 | — | — | — |
| — | -24.1% | -44.4% | -70.1% | -70.6% | -6.7% | — | — | — | -96.0% | — | — | — | |
| EV / EBIT | 28.76 | 36.37 | 20.73 | 38.26 | 36.23 | 51.74 | 39.09 | 65.36 | 143.05 | 54.96 | — | — | — |
| — | -29.7% | -47.0% | -41.5% | -74.7% | -5.9% | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
NexPoint Real Estate Finance, Inc.'s operating margin was 98.9% in Q4 2025, down 84.6 pp QoQ and up 30.8 pp YoY. The trailing four-quarter average of 128.9% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 4.2% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 88.9% | 89.4% | 89.6% | 91.9% | 90.1% | 93.3% | 92.8% | 105.1% | -22.8% | 89.4% | 100.0% | 100.0% | 100.0% |
| — | -4.2% | -3.4% | -12.6% | +496.1% | +4.4% | -7.2% | +5.1% | -122.8% | +114.1% | 0.0% | +67.3% | +18.3% | |
| Operating Margin | 129.7% | 98.9% | 183.6% | 105.1% | 128.0% | 68.1% | 104.0% | 57.3% | 65.1% | 114.4% | — | — | — |
| — | +45.2% | +76.5% | +83.3% | +96.6% | -40.4% | — | — | — | -64.0% | — | — | — | |
| Net Margin | 83.3% | 63.5% | 132.7% | 59.9% | 76.5% | 33.5% | 56.6% | 49.8% | -69.4% | 53.9% | 135.2% | 101.7% | 560.3% |
| — | +89.4% | +134.5% | +20.2% | +210.3% | -37.8% | -58.2% | -51.0% | -112.4% | +103.0% | -71.4% | +50.0% | +638.3% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.0% | 2.7% | 5.9% | 2.9% | 3.7% | 2.3% | 3.8% | 2.1% | -2.9% | 3.3% | -3.3% | 1.4% | 1.5% |
| — | +15.5% | +54.6% | +36.6% | +228.2% | -30.6% | +217.3% | +50.1% | -295.1% | +399.1% | -95.6% | +52.4% | -46.2% | |
| ROA | 2.0% | 0.4% | 0.8% | 0.3% | 0.4% | 0.2% | 0.3% | 0.1% | -0.2% | 0.2% | -0.2% | 0.1% | 0.1% |
| — | +76.2% | +155.0% | +142.1% | +323.0% | +9.1% | +256.1% | +70.3% | -296.7% | +398.9% | -94.2% | +41.9% | -44.9% | |
| ROIC | 2.3% | 0.5% | 0.8% | 0.5% | 0.5% | 0.4% | 0.4% | 0.1% | 0.1% | 0.3% | — | — | — |
| — | +35.6% | +92.2% | +270.2% | +298.0% | +4.7% | — | — | — | +3508.6% | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
NexPoint Real Estate Finance, Inc.'s Debt/EBITDA ratio is 131.3x, up from 74.3x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 97.1% YoY to 0.37x, tightening the short-term liquidity position. Debt/Equity has declined for 8 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.35 | 5.35 | 5.78 | 6.88 | 7.67 | 8.44 | 9.64 | 12.62 | 14.76 | 14.72 | 14.83 | 15.28 | 15.97 |
| — | -36.6% | -40.1% | -45.5% | -48.1% | -42.7% | -35.0% | -17.4% | -7.6% | +5.6% | -5.4% | +7.2% | +8.3% | |
| Debt / EBITDA | 26.79 | 131.34 | 74.31 | 139.53 | 126.61 | 179.03 | 139.69 | 490.21 | 462.96 | 204.77 | — | — | — |
| — | -26.6% | -46.8% | -71.5% | -72.7% | -12.6% | — | — | — | -96.0% | — | — | — | |
| Current Ratio | 0.37 | 0.37 | — | 12.06 | 12.12 | 13.12 | 13.32 | 21.21 | 18.57 | — | 21.46 | 21.23 | 21.38 |
| — | -97.1% | — | -43.1% | -34.7% | — | -37.9% | -0.1% | -13.1% | — | -0.4% | -9.0% | -15.1% | |
| Quick Ratio | 0.37 | 0.37 | — | 12.06 | 12.12 | 13.12 | 13.32 | 21.21 | 18.57 | — | 21.46 | 21.23 | 21.38 |
| — | -97.1% | — | -43.1% | -34.7% | — | -37.9% | -0.1% | -13.1% | — | -0.4% | -9.0% | -15.1% | |
| Interest Coverage | 3.88 | 3.16 | 5.91 | 3.17 | 3.46 | 2.44 | 3.23 | 2.15 | 1.06 | 2.37 | -0.04 | -0.04 | -0.04 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 32 years · Updated daily
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Quick answers to the most common questions about buying NREF stock.
NexPoint Real Estate Finance, Inc.'s current P/E is 5.0x. The average P/E over the last 4 quarters is 5.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
NexPoint Real Estate Finance, Inc.'s current operating margin is 129.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking NexPoint Real Estate Finance, Inc.'s business trajectory between earnings reports.