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Bridger Aerospace Group Holdings, Inc.（BAER）与NexPoint Real Estate Finance, Inc.（NREF）财务数据对比。点击上方公司名可切换其他公司
NexPoint Real Estate Finance, Inc.的季度营收约是Bridger Aerospace Group Holdings, Inc.的1.3倍（$11.1M vs $8.5M），NexPoint Real Estate Finance, Inc.净利率更高（216.6% vs -177.2%，领先393.9%），Bridger Aerospace Group Holdings, Inc.同比增速更快（-45.2% vs -48.8%）
布里杰航空集团控股公司是一家美国航空企业，主营业务为航空消防及野火管理服务，目前已在美国24个州和加拿大2个省提供消防作业支持，服务覆盖北美多林火高发区域，在航空消防领域积累了丰富的实践经验。
NexPoint Real Estate Finance, Inc.是一家总部位于美国的商业地产金融企业，主要为多户住宅、写字楼、工业及酒店物业提供结构化融资方案，运营并管理抵押贷款及其他地产相关投资组合，为利益相关方提供经风险调整的稳定回报。
BAER vs NREF — 直观对比
营收规模更大
NREF
是对方的1.3倍
$8.5M
营收增速更快
BAER
高出3.7%
-48.8%
净利率更高
NREF
高出393.9%
-177.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.5M | $11.1M |
| 净利润 | $-15.1M | $24.0M |
| 毛利率 | -65.1% | — |
| 营业利润率 | -175.0% | — |
| 净利率 | -177.2% | 216.6% |
| 营收同比 | -45.2% | -48.8% |
| 净利润同比 | -17.9% | 58.7% |
| 每股收益（稀释后） | $-0.26 | $0.47 |
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BAERNREF
| Q4 25 | $8.5M | $11.1M | ||
| Q3 25 | $67.9M | $12.5M | ||
| Q2 25 | $30.8M | $12.1M | ||
| Q1 25 | $15.6M | $11.5M | ||
| Q4 24 | $15.6M | $21.7M | ||
| Q3 24 | $64.5M | $12.5M | ||
| Q2 24 | $13.0M | $6.7M | ||
| Q1 24 | $5.5M | $-12.8M |
净利润BAERNREF
| Q4 25 | $-15.1M | $24.0M | ||
| Q3 25 | $34.5M | $50.9M | ||
| Q2 25 | $308.0K | $22.3M | ||
| Q1 25 | $-15.5M | $26.0M | ||
| Q4 24 | $-12.8M | $15.2M | ||
| Q3 24 | $27.3M | $23.3M | ||
| Q2 24 | $-10.0M | $12.1M | ||
| Q1 24 | $-20.1M | $-14.6M |
毛利率BAERNREF
| Q4 25 | -65.1% | — | ||
| Q3 25 | 68.9% | — | ||
| Q2 25 | 39.2% | — | ||
| Q1 25 | -10.0% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 64.3% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | — | — |
营业利润率BAERNREF
| Q4 25 | -175.0% | — | ||
| Q3 25 | 57.5% | — | ||
| Q2 25 | 18.0% | — | ||
| Q1 25 | -64.9% | — | ||
| Q4 24 | -48.0% | — | ||
| Q3 24 | 50.9% | — | ||
| Q2 24 | -36.5% | — | ||
| Q1 24 | -278.0% | — |
净利率BAERNREF
| Q4 25 | -177.2% | 216.6% | ||
| Q3 25 | 50.8% | 407.0% | ||
| Q2 25 | 1.0% | 184.5% | ||
| Q1 25 | -99.3% | 225.6% | ||
| Q4 24 | -82.4% | 69.9% | ||
| Q3 24 | 42.4% | 186.4% | ||
| Q2 24 | -76.7% | 179.7% | ||
| Q1 24 | -364.8% | 114.3% |
每股收益（稀释后）BAERNREF
| Q4 25 | $-0.26 | $0.47 | ||
| Q3 25 | $0.37 | $1.14 | ||
| Q2 25 | $-0.12 | $0.54 | ||
| Q1 25 | $-0.41 | $0.70 | ||
| Q4 24 | $-0.24 | $0.71 | ||
| Q3 24 | $0.31 | $0.74 | ||
| Q2 24 | $-0.33 | $0.40 | ||
| Q1 24 | $-0.55 | $-0.83 |
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 | $31.4M | $31.1M |
| 总债务越低越好 | $222.5M | $771.2M |
| 股东权益账面价值 | $-342.6M | $388.0M |
| 总资产 | $330.3M | $5.3B |
| 负债/权益比越低杠杆越低 | — | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资BAERNREF
| Q4 25 | $31.4M | $31.1M | ||
| Q3 25 | $55.1M | $17.9M | ||
| Q2 25 | $17.0M | $9.1M | ||
| Q1 25 | $22.3M | $19.2M | ||
| Q4 24 | $39.3M | $3.9M | ||
| Q3 24 | $33.3M | $34.7M | ||
| Q2 24 | $8.5M | $4.3M | ||
| Q1 24 | $6.8M | $13.5M |
总债务BAERNREF
| Q4 25 | $222.5M | $771.2M | ||
| Q3 25 | — | $720.9M | ||
| Q2 25 | — | $815.6M | ||
| Q1 25 | — | $831.5M | ||
| Q4 24 | $208.4M | $799.3M | ||
| Q3 24 | — | $815.5M | ||
| Q2 24 | — | $861.0M | ||
| Q1 24 | — | $843.3M |
股东权益BAERNREF
| Q4 25 | $-342.6M | $388.0M | ||
| Q3 25 | $-322.4M | $375.4M | ||
| Q2 25 | $-351.0M | $348.2M | ||
| Q1 25 | $-347.4M | $343.7M | ||
| Q4 24 | $-326.7M | $336.5M | ||
| Q3 24 | $-304.4M | $335.8M | ||
| Q2 24 | $-328.0M | $327.5M | ||
| Q1 24 | $-348.7M | $327.1M |
总资产BAERNREF
| Q4 25 | $330.3M | $5.3B | ||
| Q3 25 | $311.0M | $5.3B | ||
| Q2 25 | $279.0M | $5.4B | ||
| Q1 25 | $275.6M | $5.4B | ||
| Q4 24 | $290.8M | $5.4B | ||
| Q3 24 | $307.3M | $5.7B | ||
| Q2 24 | $281.7M | $6.6B | ||
| Q1 24 | $252.4M | $7.1B |
负债/权益比BAERNREF
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 1.92× | ||
| Q2 25 | — | 2.34× | ||
| Q1 25 | — | 2.42× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 2.43× | ||
| Q2 24 | — | 2.63× | ||
| Q1 24 | — | 2.58× |
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 | $-8.0M | $-4.5M |
| 自由现金流经营现金流 - 资本支出 | $-78.4M | — |
| 自由现金流率自由现金流/营收 | -917.3% | — |
| 资本支出强度资本支出/营收 | 823.4% | — |
| 现金转化率经营现金流/净利润 | — | -0.19× |
| 过去12个月自由现金流最近4个季度 | $-64.2M | — |
8季度趋势，按日历期对齐
经营现金流BAERNREF
| Q4 25 | $-8.0M | $-4.5M | ||
| Q3 25 | $41.0M | $8.1M | ||
| Q2 25 | $1.4M | $3.3M | ||
| Q1 25 | $-17.7M | $16.0M | ||
| Q4 24 | $54.5M | $4.4M | ||
| Q3 24 | $200.0K | $14.7M | ||
| Q2 24 | $-22.6M | $-7.5M | ||
| Q1 24 | $-22.8M | $17.7M |
自由现金流BAERNREF
| Q4 25 | $-78.4M | — | ||
| Q3 25 | $34.6M | — | ||
| Q2 25 | $515.0K | — | ||
| Q1 25 | $-21.0M | — | ||
| Q4 24 | $53.5M | — | ||
| Q3 24 | $-951.0K | — | ||
| Q2 24 | $-23.6M | — | ||
| Q1 24 | $-23.7M | — |
自由现金流率BAERNREF
| Q4 25 | -917.3% | — | ||
| Q3 25 | 51.0% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | -134.0% | — | ||
| Q4 24 | 343.5% | — | ||
| Q3 24 | -1.5% | — | ||
| Q2 24 | -181.3% | — | ||
| Q1 24 | -430.7% | — |
资本支出强度BAERNREF
| Q4 25 | 823.4% | — | ||
| Q3 25 | 9.3% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | 21.2% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 7.6% | — | ||
| Q1 24 | 17.4% | — |
现金转化率BAERNREF
| Q4 25 | — | -0.19× | ||
| Q3 25 | 1.19× | 0.16× | ||
| Q2 25 | 4.68× | 0.15× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | 0.01× | 0.63× | ||
| Q2 24 | — | -0.62× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
