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Cambium Networks Corp（CMBM）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
Cambium Networks Corp的季度营收约是KKR Real Estate Finance Trust Inc.的1.6倍（$40.3M vs $25.8M），Cambium Networks Corp净利率更高（-17.9% vs -101.7%，领先83.8%），Cambium Networks Corp同比增速更快（-23.2% vs -26.6%），过去两年KKR Real Estate Finance Trust Inc.的营收复合增速更高（-18.8% vs -27.2%）
坎布里姆网络公司是美国的无线通信设备制造商，主营企业WiFi、网络交换设备、物联网相关产品，以及面向企业的固定无线宽带、WiFi接入产品。该公司于2011年10月从摩托罗拉分拆，目前在纳斯达克上市。
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。
CMBM vs KREF — 直观对比
营收规模更大
CMBM
是对方的1.6倍
$25.8M
营收增速更快
CMBM
高出3.4%
-26.6%
净利率更高
CMBM
高出83.8%
-101.7%
两年增速更快
KREF
近两年复合增速
-27.2%
损益表 — Q4 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $40.3M | $25.8M |
| 净利润 | $-7.2M | $-26.2M |
| 毛利率 | 36.6% | — |
| 营业利润率 | -28.4% | -105.1% |
| 净利率 | -17.9% | -101.7% |
| 营收同比 | -23.2% | -26.6% |
| 净利润同比 | 71.0% | -229.6% |
| 每股收益（稀释后） | $-0.26 | $-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CMBMKREF
| Q4 25 | — | $25.8M | ||
| Q3 25 | — | $25.3M | ||
| Q2 25 | — | $30.2M | ||
| Q1 25 | — | $31.3M | ||
| Q4 24 | $40.3M | $35.1M | ||
| Q3 24 | $44.7M | $37.0M | ||
| Q2 24 | $45.2M | $40.4M | ||
| Q1 24 | $47.1M | $39.1M |
净利润CMBMKREF
| Q4 25 | — | $-26.2M | ||
| Q3 25 | — | $13.8M | ||
| Q2 25 | — | $-29.7M | ||
| Q1 25 | — | $-4.9M | ||
| Q4 24 | $-7.2M | $20.3M | ||
| Q3 24 | $-34.5M | $-7.4M | ||
| Q2 24 | $-14.2M | $25.8M | ||
| Q1 24 | $-18.4M | $-3.1M |
毛利率CMBMKREF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 43.6% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 29.8% | — |
营业利润率CMBMKREF
| Q4 25 | — | -105.1% | ||
| Q3 25 | — | 50.4% | ||
| Q2 25 | — | -101.3% | ||
| Q1 25 | — | -18.3% | ||
| Q4 24 | -28.4% | 55.8% | ||
| Q3 24 | -69.6% | -19.6% | ||
| Q2 24 | -27.2% | 63.3% | ||
| Q1 24 | -33.1% | -8.7% |
净利率CMBMKREF
| Q4 25 | — | -101.7% | ||
| Q3 25 | — | 54.4% | ||
| Q2 25 | — | -98.5% | ||
| Q1 25 | — | -15.5% | ||
| Q4 24 | -17.9% | 57.7% | ||
| Q3 24 | -77.3% | -20.0% | ||
| Q2 24 | -31.5% | 63.9% | ||
| Q1 24 | -39.2% | -7.9% |
每股收益（稀释后）CMBMKREF
| Q4 25 | — | $-0.49 | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | — | $-0.53 | ||
| Q1 25 | — | $-0.15 | ||
| Q4 24 | $-0.26 | $0.22 | ||
| Q3 24 | $-1.22 | $-0.19 | ||
| Q2 24 | $-0.51 | $0.29 | ||
| Q1 24 | $-0.66 | $-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 | — | $84.6M |
| 总债务越低越好 | $67.6M | — |
| 股东权益账面价值 | $-3.2M | $1.2B |
| 总资产 | $173.7M | $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CMBMKREF
| Q4 25 | — | $84.6M | ||
| Q3 25 | — | $204.1M | ||
| Q2 25 | — | $107.7M | ||
| Q1 25 | — | $106.4M | ||
| Q4 24 | — | $104.9M | ||
| Q3 24 | — | $108.8M | ||
| Q2 24 | — | $107.2M | ||
| Q1 24 | — | $106.5M |
总债务CMBMKREF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | — | ||
| Q1 24 | $63.8M | — |
股东权益CMBMKREF
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $-3.2M | $1.3B | ||
| Q3 24 | $1.9M | $1.4B | ||
| Q2 24 | $34.1M | $1.4B | ||
| Q1 24 | $45.0M | $1.4B |
总资产CMBMKREF
| Q4 25 | — | $6.5B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $6.8B | ||
| Q1 25 | — | $6.6B | ||
| Q4 24 | $173.7M | $6.4B | ||
| Q3 24 | $194.3M | $6.8B | ||
| Q2 24 | $221.1M | $7.1B | ||
| Q1 24 | $219.8M | $7.3B |
负债/权益比CMBMKREF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.42× | — |
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 | $-10.4M | $72.3M |
| 自由现金流经营现金流 - 资本支出 | $-10.8M | — |
| 自由现金流率自由现金流/营收 | -26.8% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 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 | $-21.4M | — |
8季度趋势，按日历期对齐
经营现金流CMBMKREF
| Q4 25 | — | $72.3M | ||
| Q3 25 | — | $18.5M | ||
| Q2 25 | — | $21.1M | ||
| Q1 25 | — | $15.9M | ||
| Q4 24 | $-10.4M | $132.6M | ||
| Q3 24 | $8.9M | $49.1M | ||
| Q2 24 | $2.4M | $30.6M | ||
| Q1 24 | $-15.9M | $34.5M |
自由现金流CMBMKREF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-10.8M | — | ||
| Q3 24 | $6.8M | — | ||
| Q2 24 | $87.0K | — | ||
| Q1 24 | $-17.4M | — |
自由现金流率CMBMKREF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -26.8% | — | ||
| Q3 24 | 15.2% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | -37.0% | — |
资本支出强度CMBMKREF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 3.3% | — |
现金转化率CMBMKREF
| 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
业务分部营收拆解
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
KREF
暂无分部数据
