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ADC Therapeutics SA（ADCT）与KKR Real Estate Finance Trust Inc.（KREF）财务数据对比。点击上方公司名可切换其他公司
KKR Real Estate Finance Trust Inc.的季度营收约是ADC Therapeutics SA的1.1倍（$25.8M vs $23.1M），ADC Therapeutics SA同比增速更快（36.4% vs -26.6%），过去两年ADC Therapeutics SA的营收复合增速更高（13.7% vs -18.8%）
ADC电信曾是一家坐落于明尼阿波利斯西南郊区伊登普雷利的通信企业，2010年12月被泰科电子收购后不再作为独立主体运营。2015年8月康普从泰科电子收购宽带网络解决方案业务部门后，开始接手销售原ADC的产品。
KKR房地产金融信托公司是全球投资机构KKR旗下的专业房地产金融平台，主要发起、收购并管理优先担保商业地产贷款组合，抵押物多为美国各地的优质机构级商业地产，通过贷款利息收入为投资者提供稳定的经风险调整后的回报。
ADCT vs KREF — 直观对比
营收规模更大
KREF
是对方的1.1倍
$23.1M
营收增速更快
ADCT
高出62.9%
-26.6%
两年增速更快
ADCT
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $23.1M | $25.8M |
| 净利润 | — | $-26.2M |
| 毛利率 | — | — |
| 营业利润率 | -77.7% | -105.1% |
| 净利率 | — | -101.7% |
| 营收同比 | 36.4% | -26.6% |
| 净利润同比 | — | -229.6% |
| 每股收益（稀释后） | $0.04 | $-0.49 |
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ADCTKREF
| Q4 25 | $23.1M | $25.8M | ||
| Q3 25 | $15.8M | $25.3M | ||
| Q2 25 | $18.1M | $30.2M | ||
| Q1 25 | $17.4M | $31.3M | ||
| Q4 24 | $16.9M | $35.1M | ||
| Q3 24 | $18.0M | $37.0M | ||
| Q2 24 | $17.0M | $40.4M | ||
| Q1 24 | $17.8M | $39.1M |
净利润ADCTKREF
| Q4 25 | — | $-26.2M | ||
| Q3 25 | $-41.0M | $13.8M | ||
| Q2 25 | $-56.6M | $-29.7M | ||
| Q1 25 | $-38.6M | $-4.9M | ||
| Q4 24 | — | $20.3M | ||
| Q3 24 | $-44.0M | $-7.4M | ||
| Q2 24 | $-36.5M | $25.8M | ||
| Q1 24 | $-46.6M | $-3.1M |
营业利润率ADCTKREF
| Q4 25 | -77.7% | -105.1% | ||
| Q3 25 | -196.6% | 50.4% | ||
| Q2 25 | -244.1% | -101.3% | ||
| Q1 25 | -163.5% | -18.3% | ||
| Q4 24 | -191.8% | 55.8% | ||
| Q3 24 | -197.4% | -19.6% | ||
| Q2 24 | -170.5% | 63.3% | ||
| Q1 24 | -188.3% | -8.7% |
净利率ADCTKREF
| Q4 25 | — | -101.7% | ||
| Q3 25 | -260.1% | 54.4% | ||
| Q2 25 | -313.2% | -98.5% | ||
| Q1 25 | -221.8% | -15.5% | ||
| Q4 24 | — | 57.7% | ||
| Q3 24 | -244.1% | -20.0% | ||
| Q2 24 | -214.6% | 63.9% | ||
| Q1 24 | -261.1% | -7.9% |
每股收益（稀释后）ADCTKREF
| Q4 25 | $0.04 | $-0.49 | ||
| Q3 25 | $-0.30 | $0.12 | ||
| Q2 25 | $-0.50 | $-0.53 | ||
| Q1 25 | $-0.36 | $-0.15 | ||
| Q4 24 | $-0.26 | $0.22 | ||
| Q3 24 | $-0.42 | $-0.19 | ||
| Q2 24 | $-0.38 | $0.29 | ||
| Q1 24 | $-0.56 | $-0.13 |
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 | $261.3M | $84.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-185.8M | $1.2B |
| 总资产 | $323.1M | $6.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ADCTKREF
| Q4 25 | $261.3M | $84.6M | ||
| Q3 25 | $234.7M | $204.1M | ||
| Q2 25 | $264.6M | $107.7M | ||
| Q1 25 | $194.7M | $106.4M | ||
| Q4 24 | $250.9M | $104.9M | ||
| Q3 24 | $274.3M | $108.8M | ||
| Q2 24 | $300.1M | $107.2M | ||
| Q1 24 | $234.3M | $106.5M |
股东权益ADCTKREF
| Q4 25 | $-185.8M | $1.2B | ||
| Q3 25 | $-238.2M | $1.2B | ||
| Q2 25 | $-199.2M | $1.2B | ||
| Q1 25 | $-238.2M | $1.3B | ||
| Q4 24 | $-202.6M | $1.3B | ||
| Q3 24 | $-171.9M | $1.4B | ||
| Q2 24 | $-131.7M | $1.4B | ||
| Q1 24 | $-194.4M | $1.4B |
总资产ADCTKREF
| Q4 25 | $323.1M | $6.5B | ||
| Q3 25 | $289.8M | $6.5B | ||
| Q2 25 | $321.6M | $6.8B | ||
| Q1 25 | $272.5M | $6.6B | ||
| Q4 24 | $322.0M | $6.4B | ||
| Q3 24 | $349.1M | $6.8B | ||
| Q2 24 | $371.8M | $7.1B | ||
| Q1 24 | $308.0M | $7.3B |
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 | $-31.1M | $72.3M |
| 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 | 0.0% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 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ADCTKREF
| Q4 25 | $-31.1M | $72.3M | ||
| Q3 25 | $-29.6M | $18.5M | ||
| Q2 25 | $-24.1M | $21.1M | ||
| Q1 25 | $-56.3M | $15.9M | ||
| Q4 24 | $-21.9M | $132.6M | ||
| Q3 24 | $-25.0M | $49.1M | ||
| Q2 24 | $-32.8M | $30.6M | ||
| Q1 24 | $-44.1M | $34.5M |
自由现金流ADCTKREF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-56.6M | — | ||
| Q4 24 | $-21.9M | — | ||
| Q3 24 | $-25.3M | — | ||
| Q2 24 | $-32.9M | — | ||
| Q1 24 | $-44.6M | — |
自由现金流率ADCTKREF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -325.2% | — | ||
| Q4 24 | -129.8% | — | ||
| Q3 24 | -140.2% | — | ||
| Q2 24 | -193.0% | — | ||
| Q1 24 | -250.0% | — |
资本支出强度ADCTKREF
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 3.0% | — |
现金转化率ADCTKREF
| Q4 25 | — | — | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
