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Bluerock Homes Trust, Inc.（BHM）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
REDWOOD TRUST INC的季度营收约是Bluerock Homes Trust, Inc.的1.4倍（$25.9M vs $18.9M），REDWOOD TRUST INC净利率更高（77.2% vs -50.1%，领先127.4%），Bluerock Homes Trust, Inc.同比增速更快（35.9% vs -6.1%），过去两年Bluerock Homes Trust, Inc.的营收复合增速更高（30.1% vs -41.0%）
Bluerock Homes Trust, Inc.是一家总部位于美国的房地产投资信托企业，主要收购、持有并运营优质单户住宅租赁资产，面向美国高增长郊区市场的中等收入租户，聚焦人口基本面向好、租赁需求旺盛的区域布局。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
BHM vs RWT — 直观对比
营收规模更大
RWT
是对方的1.4倍
$18.9M
营收增速更快
BHM
高出42.0%
-6.1%
净利率更高
RWT
高出127.4%
-50.1%
两年增速更快
BHM
近两年复合增速
-41.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $18.9M | $25.9M |
| 净利润 | $-9.5M | $20.0M |
| 毛利率 | — | — |
| 营业利润率 | -48.8% | — |
| 净利率 | -50.1% | 77.2% |
| 营收同比 | 35.9% | -6.1% |
| 净利润同比 | -29.9% | 402.6% |
| 每股收益（稀释后） | $-0.75 | $0.11 |
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BHMRWT
| Q4 25 | $18.9M | $25.9M | ||
| Q3 25 | $16.6M | $15.0M | ||
| Q2 25 | $16.8M | $13.8M | ||
| Q1 25 | $16.4M | $27.9M | ||
| Q4 24 | $13.9M | $27.6M | ||
| Q3 24 | $12.7M | $25.5M | ||
| Q2 24 | $12.5M | $67.4M | ||
| Q1 24 | $11.2M | $74.5M |
净利润BHMRWT
| Q4 25 | $-9.5M | $20.0M | ||
| Q3 25 | $-10.0M | $-7.7M | ||
| Q2 25 | $-5.8M | $-98.5M | ||
| Q1 25 | $-7.3M | $16.1M | ||
| Q4 24 | $-7.3M | $-6.6M | ||
| Q3 24 | $3.5M | $14.8M | ||
| Q2 24 | $-5.2M | $15.5M | ||
| Q1 24 | $-3.2M | $30.3M |
营业利润率BHMRWT
| Q4 25 | -48.8% | — | ||
| Q3 25 | -57.6% | -9.0% | ||
| Q2 25 | -30.9% | -679.0% | ||
| Q1 25 | -42.6% | 80.2% | ||
| Q4 24 | -52.8% | -1.3% | ||
| Q3 24 | 27.9% | 86.1% | ||
| Q2 24 | -41.3% | 30.3% | ||
| Q1 24 | -28.4% | 41.3% |
净利率BHMRWT
| Q4 25 | -50.1% | 77.2% | ||
| Q3 25 | -60.0% | -51.4% | ||
| Q2 25 | -34.7% | -712.0% | ||
| Q1 25 | -44.7% | 57.8% | ||
| Q4 24 | -52.8% | -24.0% | ||
| Q3 24 | 27.9% | 58.1% | ||
| Q2 24 | -41.3% | 23.0% | ||
| Q1 24 | -28.4% | 40.6% |
每股收益（稀释后）BHMRWT
| Q4 25 | $-0.75 | $0.11 | ||
| Q3 25 | $-0.94 | $-0.08 | ||
| Q2 25 | $-0.66 | $-0.76 | ||
| Q1 25 | $-0.67 | $0.10 | ||
| Q4 24 | $-0.65 | $-0.08 | ||
| Q3 24 | $0.24 | $0.09 | ||
| Q2 24 | $-0.42 | $0.10 | ||
| Q1 24 | $-0.27 | $0.21 |
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 | $169.6M | $255.7M |
| 总债务越低越好 | $428.4M | — |
| 股东权益账面价值 | $128.7M | $982.6M |
| 总资产 | $1.2B | $23.7B |
| 负债/权益比越低杠杆越低 | 3.33× | — |
8季度趋势，按日历期对齐
现金及短期投资BHMRWT
| Q4 25 | $169.6M | $255.7M | ||
| Q3 25 | $2.1M | $226.3M | ||
| Q2 25 | $4.2M | $302.0M | ||
| Q1 25 | $3.0M | $259.9M | ||
| Q4 24 | $115.2M | $245.2M | ||
| Q3 24 | $155.1M | $253.7M | ||
| Q2 24 | $116.0M | $275.6M | ||
| Q1 24 | $92.3M | $275.4M |
总债务BHMRWT
| Q4 25 | $428.4M | — | ||
| Q3 25 | $415.9M | — | ||
| Q2 25 | $338.6M | — | ||
| Q1 25 | $336.5M | — | ||
| Q4 24 | $373.8M | — | ||
| Q3 24 | $122.5M | — | ||
| Q2 24 | $119.7M | — | ||
| Q1 24 | $120.2M | $1.7B |
股东权益BHMRWT
| Q4 25 | $128.7M | $982.6M | ||
| Q3 25 | $131.7M | $999.0M | ||
| Q2 25 | $135.3M | $1.1B | ||
| Q1 25 | $137.1M | $1.2B | ||
| Q4 24 | $139.1M | $1.2B | ||
| Q3 24 | $142.9M | $1.2B | ||
| Q2 24 | $142.5M | $1.2B | ||
| Q1 24 | $144.5M | $1.2B |
总资产BHMRWT
| Q4 25 | $1.2B | $23.7B | ||
| Q3 25 | $222.1M | $22.6B | ||
| Q2 25 | $220.3M | $21.3B | ||
| Q1 25 | $186.2M | $19.9B | ||
| Q4 24 | $967.0M | $18.3B | ||
| Q3 24 | $800.8M | $18.4B | ||
| Q2 24 | $756.2M | $16.5B | ||
| Q1 24 | $727.4M | $15.1B |
负债/权益比BHMRWT
| Q4 25 | 3.33× | — | ||
| Q3 25 | 3.16× | — | ||
| Q2 25 | 2.50× | — | ||
| Q1 25 | 2.45× | — | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 0.84× | — | ||
| Q1 24 | 0.83× | 1.39× |
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 | $27.8M | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | $10.4M | — |
| 自由现金流率自由现金流/营收 | 55.0% | — |
| 资本支出强度资本支出/营收 | 91.8% | — |
| 现金转化率经营现金流/净利润 | — | -504.15× |
| 过去12个月自由现金流最近4个季度 | $25.0M | — |
8季度趋势，按日历期对齐
经营现金流BHMRWT
| Q4 25 | $27.8M | $-10.1B | ||
| Q3 25 | $13.4M | $-2.7B | ||
| Q2 25 | $13.9M | $-2.1B | ||
| Q1 25 | $951.0K | $-2.0B | ||
| Q4 24 | $9.1M | $-5.9B | ||
| Q3 24 | $1.7M | $-2.1B | ||
| Q2 24 | $1.3M | $-2.0B | ||
| Q1 24 | $1.1M | $-954.2M |
自由现金流BHMRWT
| Q4 25 | $10.4M | — | ||
| Q3 25 | $8.7M | — | ||
| Q2 25 | $8.8M | — | ||
| Q1 25 | $-2.9M | — | ||
| Q4 24 | $-253.0K | — | ||
| Q3 24 | $-601.0K | — | ||
| Q2 24 | $-654.0K | — | ||
| Q1 24 | $-630.0K | — |
自由现金流率BHMRWT
| Q4 25 | 55.0% | — | ||
| Q3 25 | 52.4% | — | ||
| Q2 25 | 52.2% | — | ||
| Q1 25 | -17.6% | — | ||
| Q4 24 | -1.8% | — | ||
| Q3 24 | -4.7% | — | ||
| Q2 24 | -5.2% | — | ||
| Q1 24 | -5.6% | — |
资本支出强度BHMRWT
| Q4 25 | 91.8% | — | ||
| Q3 25 | 28.5% | — | ||
| Q2 25 | 30.3% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 66.9% | — | ||
| Q3 24 | 18.0% | — | ||
| Q2 24 | 15.3% | — | ||
| Q1 24 | 15.5% | — |
现金转化率BHMRWT
| Q4 25 | — | -504.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -120.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.47× | -140.86× | ||
| Q2 24 | — | -126.56× | ||
| Q1 24 | — | -31.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BHM
| Residential Communities Segment | $11.4M | 61% |
| Scattered Single Family Homes Segment | $7.5M | 39% |
RWT
暂无分部数据
