vs
Ares Commercial Real Estate Corp（ACRE）与ANNALY CAPITAL MANAGEMENT INC（NLY）财务数据对比。点击上方公司名可切换其他公司
ANNALY CAPITAL MANAGEMENT INC的季度营收约是Ares Commercial Real Estate Corp的27.7倍（$366.6M vs $13.2M）。ANNALY CAPITAL MANAGEMENT INC净利率更高（276.5% vs -29.2%，领先305.7%）。ANNALY CAPITAL MANAGEMENT INC同比增速更快（95.7% vs -24.5%）
Ares Commercial Real Estate Corp是隶属于阿瑞斯管理集团的专业金融企业，专注于商业地产领域，提供优先抵押贷款、次级债务、优先股投资等各类定制化融资解决方案，主要服务覆盖美国全境的中型商业地产所有者及运营主体。
Annaly Capital Management是全球规模最大的抵押型房地产投资信托之一，注册地位于美国马里兰州，总部设立于纽约市，专注于抵押类不动产相关资产的投资运营，在北美地产投资领域具备丰富经验与较高市场认可度。
ACRE vs NLY — 直观对比
营收规模更大
NLY
是对方的27.7倍
$13.2M
营收增速更快
NLY
高出120.3%
-24.5%
净利率更高
NLY
高出305.7%
-29.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $13.2M | $366.6M |
| 净利润 | $-3.9M | $1.0B |
| 毛利率 | — | — |
| 营业利润率 | -29.2% | — |
| 净利率 | -29.2% | 276.5% |
| 营收同比 | -24.5% | 95.7% |
| 净利润同比 | 63.8% | 110.2% |
| 每股收益（稀释后） | — | $1.54 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ACRENLY
| Q4 25 | $13.2M | $366.6M | ||
| Q3 25 | $14.1M | $275.8M | ||
| Q2 25 | $12.6M | $273.2M | ||
| Q1 25 | $14.9M | $220.0M | ||
| Q4 24 | $17.5M | $187.3M | ||
| Q3 24 | $16.7M | $13.4M | ||
| Q2 24 | $16.8M | $53.6M | ||
| Q1 24 | $18.7M | $-6.5M |
净利润ACRENLY
| Q4 25 | $-3.9M | $1.0B | ||
| Q3 25 | $4.7M | $832.4M | ||
| Q2 25 | $-11.0M | $57.1M | ||
| Q1 25 | $9.3M | $124.2M | ||
| Q4 24 | $-10.7M | $482.1M | ||
| Q3 24 | $-5.9M | $66.4M | ||
| Q2 24 | $-6.1M | $-9.5M | ||
| Q1 24 | $-12.3M | $462.9M |
营业利润率ACRENLY
| Q4 25 | -29.2% | — | ||
| Q3 25 | 33.0% | — | ||
| Q2 25 | -87.8% | 22.3% | ||
| Q1 25 | 64.4% | 63.0% | ||
| Q4 24 | -61.0% | — | ||
| Q3 24 | -35.3% | — | ||
| Q2 24 | -36.5% | 5.8% | ||
| Q1 24 | -65.9% | — |
净利率ACRENLY
| Q4 25 | -29.2% | 276.5% | ||
| Q3 25 | 33.0% | 301.9% | ||
| Q2 25 | -87.8% | 20.9% | ||
| Q1 25 | 62.5% | 56.5% | ||
| Q4 24 | -60.9% | 257.4% | ||
| Q3 24 | -35.3% | 495.8% | ||
| Q2 24 | -36.5% | -17.7% | ||
| Q1 24 | -65.9% | -7175.5% |
每股收益（稀释后）ACRENLY
| Q4 25 | — | $1.54 | ||
| Q3 25 | — | $1.20 | ||
| Q2 25 | — | $0.03 | ||
| Q1 25 | — | $0.15 | ||
| Q4 24 | — | $0.81 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $-0.09 | ||
| Q1 24 | — | $0.85 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $29.3M | — |
| 总债务越低越好 | $948.2M | — |
| 股东权益账面价值 | $509.6M | $16.1B |
| 总资产 | $1.6B | $135.6B |
| 负债/权益比越低杠杆越低 | 1.86× | — |
8季度趋势，按日历期对齐
现金及短期投资ACRENLY
| Q4 25 | $29.3M | — | ||
| Q3 25 | $84.9M | — | ||
| Q2 25 | $90.0M | — | ||
| Q1 25 | $125.5M | — | ||
| Q4 24 | $63.8M | — | ||
| Q3 24 | $68.9M | — | ||
| Q2 24 | $70.6M | — | ||
| Q1 24 | $99.5M | — |
总债务ACRENLY
| Q4 25 | $948.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $718.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACRENLY
| Q4 25 | $509.6M | $16.1B | ||
| Q3 25 | $521.0M | $14.9B | ||
| Q2 25 | $523.7M | $13.4B | ||
| Q1 25 | $542.1M | $13.0B | ||
| Q4 24 | $540.1M | $12.6B | ||
| Q3 24 | $563.8M | $12.4B | ||
| Q2 24 | $582.3M | $11.2B | ||
| Q1 24 | $601.1M | $11.4B |
总资产ACRENLY
| Q4 25 | $1.6B | $135.6B | ||
| Q3 25 | $1.4B | $125.9B | ||
| Q2 25 | $1.4B | $112.1B | ||
| Q1 25 | $1.5B | $105.1B | ||
| Q4 24 | $1.8B | $103.6B | ||
| Q3 24 | $1.9B | $101.5B | ||
| Q2 24 | $2.1B | $93.7B | ||
| Q1 24 | $2.1B | $91.5B |
负债/权益比ACRENLY
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $4.6M | $644.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 0.64× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ACRENLY
| Q4 25 | $4.6M | $644.3M | ||
| Q3 25 | $3.8M | $24.1M | ||
| Q2 25 | $4.9M | $180.7M | ||
| Q1 25 | $8.0M | $-156.3M | ||
| Q4 24 | $7.1M | $2.8B | ||
| Q3 24 | $8.4M | $-1.7B | ||
| Q2 24 | $8.7M | $477.1M | ||
| Q1 24 | $11.4M | $1.7B |
现金转化率ACRENLY
| Q4 25 | — | 0.64× | ||
| Q3 25 | 0.82× | 0.03× | ||
| Q2 25 | — | 3.17× | ||
| Q1 25 | 0.86× | -1.26× | ||
| Q4 24 | — | 5.83× | ||
| Q3 24 | — | -25.18× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.67× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
