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CVRx, Inc.（CVRX）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CVRx, Inc.的1.6倍（$25.8M vs $16.0M），CVRx, Inc.净利率更高（-74.5% vs -101.7%，领先27.3%），CVRx, Inc.同比增速更快（4.4% vs -26.6%），过去两年CVRx, Inc.的营收复合增速更高（22.0% vs -18.8%）
CVRx, Inc.是一家处于商业化阶段的医疗科技企业，专注于慢性心血管疾病神经调节疗法的研发与商业化，旗舰产品Barostim系统用于治疗心力衰竭和难治性高血压，核心市场覆盖北美、欧洲，服务对常规药物治疗应答不佳的患者。
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。
CVRX vs KREF — 直观对比
营收规模更大
KREF
是对方的1.6倍
$16.0M
营收增速更快
CVRX
高出31.0%
-26.6%
净利率更高
CVRX
高出27.3%
-101.7%
两年增速更快
CVRX
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $16.0M | $25.8M |
| 净利润 | $-11.9M | $-26.2M |
| 毛利率 | 86.3% | — |
| 营业利润率 | -69.8% | -105.1% |
| 净利率 | -74.5% | -101.7% |
| 营收同比 | 4.4% | -26.6% |
| 净利润同比 | -12.0% | -229.6% |
| 每股收益（稀释后） | $-0.45 | $-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CVRXKREF
| Q4 25 | $16.0M | $25.8M | ||
| Q3 25 | $14.7M | $25.3M | ||
| Q2 25 | $13.6M | $30.2M | ||
| Q1 25 | $12.3M | $31.3M | ||
| Q4 24 | $15.3M | $35.1M | ||
| Q3 24 | $13.4M | $37.0M | ||
| Q2 24 | $11.8M | $40.4M | ||
| Q1 24 | $10.8M | $39.1M |
净利润CVRXKREF
| Q4 25 | $-11.9M | $-26.2M | ||
| Q3 25 | $-12.9M | $13.8M | ||
| Q2 25 | $-14.7M | $-29.7M | ||
| Q1 25 | $-13.8M | $-4.9M | ||
| Q4 24 | $-10.7M | $20.3M | ||
| Q3 24 | $-13.1M | $-7.4M | ||
| Q2 24 | $-14.0M | $25.8M | ||
| Q1 24 | $-22.2M | $-3.1M |
毛利率CVRXKREF
| Q4 25 | 86.3% | — | ||
| Q3 25 | 86.8% | — | ||
| Q2 25 | 84.3% | — | ||
| Q1 25 | 83.5% | — | ||
| Q4 24 | 83.2% | — | ||
| Q3 24 | 83.2% | — | ||
| Q2 24 | 83.9% | — | ||
| Q1 24 | 85.0% | — |
营业利润率CVRXKREF
| Q4 25 | -69.8% | -105.1% | ||
| Q3 25 | -83.5% | 50.4% | ||
| Q2 25 | -105.8% | -101.3% | ||
| Q1 25 | -108.8% | -18.3% | ||
| Q4 24 | -67.0% | 55.8% | ||
| Q3 24 | -97.3% | -19.6% | ||
| Q2 24 | -118.3% | 63.3% | ||
| Q1 24 | -206.4% | -8.7% |
净利率CVRXKREF
| Q4 25 | -74.5% | -101.7% | ||
| Q3 25 | -87.6% | 54.4% | ||
| Q2 25 | -108.4% | -98.5% | ||
| Q1 25 | -111.5% | -15.5% | ||
| Q4 24 | -69.4% | 57.7% | ||
| Q3 24 | -98.0% | -20.0% | ||
| Q2 24 | -118.8% | 63.9% | ||
| Q1 24 | -206.0% | -7.9% |
每股收益（稀释后）CVRXKREF
| Q4 25 | $-0.45 | $-0.49 | ||
| Q3 25 | $-0.49 | $0.12 | ||
| Q2 25 | $-0.57 | $-0.53 | ||
| Q1 25 | $-0.53 | $-0.15 | ||
| Q4 24 | $-0.39 | $0.22 | ||
| Q3 24 | $-0.57 | $-0.19 | ||
| Q2 24 | $-0.65 | $0.29 | ||
| Q1 24 | $-1.04 | $-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 | $75.7M | $84.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $39.3M | $1.2B |
| 总资产 | $104.8M | $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CVRXKREF
| Q4 25 | $75.7M | $84.6M | ||
| Q3 25 | $85.1M | $204.1M | ||
| Q2 25 | $95.0M | $107.7M | ||
| Q1 25 | $102.7M | $106.4M | ||
| Q4 24 | $105.9M | $104.9M | ||
| Q3 24 | $100.2M | $108.8M | ||
| Q2 24 | $70.4M | $107.2M | ||
| Q1 24 | $80.1M | $106.5M |
股东权益CVRXKREF
| Q4 25 | $39.3M | $1.2B | ||
| Q3 25 | $48.1M | $1.2B | ||
| Q2 25 | $57.9M | $1.2B | ||
| Q1 25 | $71.1M | $1.3B | ||
| Q4 24 | $71.1M | $1.3B | ||
| Q3 24 | $65.2M | $1.4B | ||
| Q2 24 | $55.2M | $1.4B | ||
| Q1 24 | $66.3M | $1.4B |
总资产CVRXKREF
| Q4 25 | $104.8M | $6.5B | ||
| Q3 25 | $111.3M | $6.5B | ||
| Q2 25 | $119.6M | $6.8B | ||
| Q1 25 | $129.6M | $6.6B | ||
| Q4 24 | $133.4M | $6.4B | ||
| Q3 24 | $127.7M | $6.8B | ||
| Q2 24 | $96.0M | $7.1B | ||
| Q1 24 | $106.2M | $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 | $-9.8M | $72.3M |
| 自由现金流经营现金流 - 资本支出 | $-9.8M | — |
| 自由现金流率自由现金流/营收 | -61.3% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 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 | $-40.8M | — |
8季度趋势，按日历期对齐
经营现金流CVRXKREF
| Q4 25 | $-9.8M | $72.3M | ||
| Q3 25 | $-9.7M | $18.5M | ||
| Q2 25 | $-7.9M | $21.1M | ||
| Q1 25 | $-12.8M | $15.9M | ||
| Q4 24 | $-8.0M | $132.6M | ||
| Q3 24 | $-10.4M | $49.1M | ||
| Q2 24 | $-9.8M | $30.6M | ||
| Q1 24 | $-10.9M | $34.5M |
自由现金流CVRXKREF
| Q4 25 | $-9.8M | — | ||
| Q3 25 | $-10.0M | — | ||
| Q2 25 | $-8.0M | — | ||
| Q1 25 | $-12.9M | — | ||
| Q4 24 | $-8.1M | — | ||
| Q3 24 | $-10.4M | — | ||
| Q2 24 | $-10.2M | — | ||
| Q1 24 | $-11.8M | — |
自由现金流率CVRXKREF
| Q4 25 | -61.3% | — | ||
| Q3 25 | -68.1% | — | ||
| Q2 25 | -59.2% | — | ||
| Q1 25 | -104.3% | — | ||
| Q4 24 | -52.5% | — | ||
| Q3 24 | -78.1% | — | ||
| Q2 24 | -86.3% | — | ||
| Q1 24 | -109.7% | — |
资本支出强度CVRXKREF
| Q4 25 | 0.4% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 8.5% | — |
现金转化率CVRXKREF
| 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
CVRX
| US | $14.9M | 93% |
| Other | $1.1M | 7% |
KREF
暂无分部数据
