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DHI GROUP, INC.（DHX）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
DHI GROUP, INC.的季度营收约是KKR Real Estate Finance Trust Inc.的1.2倍（$31.4M vs $25.8M），DHI GROUP, INC.净利率更高（3.0% vs -101.7%，领先104.8%），DHI GROUP, INC.同比增速更快（-9.8% vs -26.6%），过去两年DHI GROUP, INC.的营收复合增速更高（-6.7% vs -18.8%）
DHI集团是总部位于丹麦的国际水环境企业，业务涵盖水环境软件开发与工程咨询，拥有自主水环境建模软件MIKE Powered by DHI，同时为客户提供商业应用、数据门户、运营服务等全链条水环境解决方案。集团目前在全球设有30个分支机构，在新加坡和丹麦都设有研发中心，全球员工约1050名。
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。
DHX vs KREF — 直观对比
营收规模更大
DHX
是对方的1.2倍
$25.8M
营收增速更快
DHX
高出16.8%
-26.6%
净利率更高
DHX
高出104.8%
-101.7%
两年增速更快
DHX
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $31.4M | $25.8M |
| 净利润 | $951.0K | $-26.2M |
| 毛利率 | — | — |
| 营业利润率 | 10.4% | -105.1% |
| 净利率 | 3.0% | -101.7% |
| 营收同比 | -9.8% | -26.6% |
| 净利润同比 | -6.9% | -229.6% |
| 每股收益（稀释后） | $0.03 | $-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DHXKREF
| Q4 25 | $31.4M | $25.8M | ||
| Q3 25 | $32.1M | $25.3M | ||
| Q2 25 | $32.0M | $30.2M | ||
| Q1 25 | $32.3M | $31.3M | ||
| Q4 24 | $34.8M | $35.1M | ||
| Q3 24 | $35.3M | $37.0M | ||
| Q2 24 | $35.8M | $40.4M | ||
| Q1 24 | $36.0M | $39.1M |
净利润DHXKREF
| Q4 25 | $951.0K | $-26.2M | ||
| Q3 25 | $-4.3M | $13.8M | ||
| Q2 25 | $-841.0K | $-29.7M | ||
| Q1 25 | $-9.4M | $-4.9M | ||
| Q4 24 | $1.0M | $20.3M | ||
| Q3 24 | $-200.0K | $-7.4M | ||
| Q2 24 | $943.0K | $25.8M | ||
| Q1 24 | $-1.5M | $-3.1M |
毛利率DHXKREF
| Q4 25 | — | — | ||
| Q3 25 | 85.7% | — | ||
| Q2 25 | 84.0% | — | ||
| Q1 25 | 83.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 85.6% | — | ||
| Q2 24 | 85.5% | — | ||
| Q1 24 | 86.5% | — |
营业利润率DHXKREF
| Q4 25 | 10.4% | -105.1% | ||
| Q3 25 | -14.0% | 50.4% | ||
| Q2 25 | -3.9% | -101.3% | ||
| Q1 25 | -27.5% | -18.3% | ||
| Q4 24 | 5.0% | 55.8% | ||
| Q3 24 | 1.8% | -19.6% | ||
| Q2 24 | 5.6% | 63.3% | ||
| Q1 24 | 5.5% | -8.7% |
净利率DHXKREF
| Q4 25 | 3.0% | -101.7% | ||
| Q3 25 | -13.3% | 54.4% | ||
| Q2 25 | -2.6% | -98.5% | ||
| Q1 25 | -28.9% | -15.5% | ||
| Q4 24 | 2.9% | 57.7% | ||
| Q3 24 | -0.6% | -20.0% | ||
| Q2 24 | 2.6% | 63.9% | ||
| Q1 24 | -4.2% | -7.9% |
每股收益（稀释后）DHXKREF
| Q4 25 | $0.03 | $-0.49 | ||
| Q3 25 | $-0.10 | $0.12 | ||
| Q2 25 | $-0.02 | $-0.53 | ||
| Q1 25 | $-0.21 | $-0.15 | ||
| Q4 24 | $0.02 | $0.22 | ||
| Q3 24 | $0.00 | $-0.19 | ||
| Q2 24 | $0.02 | $0.29 | ||
| Q1 24 | $-0.03 | $-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 | $2.9M | $84.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $94.5M | $1.2B |
| 总资产 | $188.2M | $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DHXKREF
| Q4 25 | $2.9M | $84.6M | ||
| Q3 25 | $2.3M | $204.1M | ||
| Q2 25 | $2.8M | $107.7M | ||
| Q1 25 | $2.7M | $106.4M | ||
| Q4 24 | $3.7M | $104.9M | ||
| Q3 24 | $2.1M | $108.8M | ||
| Q2 24 | $3.0M | $107.2M | ||
| Q1 24 | $3.2M | $106.5M |
总债务DHXKREF
| Q4 25 | — | — | ||
| Q3 25 | $30.0M | — | ||
| Q2 25 | $30.0M | — | ||
| Q1 25 | $33.0M | — | ||
| Q4 24 | $32.0M | — | ||
| Q3 24 | $32.0M | — | ||
| Q2 24 | $35.0M | — | ||
| Q1 24 | $41.0M | — |
股东权益DHXKREF
| Q4 25 | $94.5M | $1.2B | ||
| Q3 25 | $97.3M | $1.2B | ||
| Q2 25 | $102.5M | $1.2B | ||
| Q1 25 | $103.9M | $1.3B | ||
| Q4 24 | $114.3M | $1.3B | ||
| Q3 24 | $111.3M | $1.4B | ||
| Q2 24 | $109.8M | $1.4B | ||
| Q1 24 | $106.6M | $1.4B |
总资产DHXKREF
| Q4 25 | $188.2M | $6.5B | ||
| Q3 25 | $192.5M | $6.5B | ||
| Q2 25 | $204.9M | $6.8B | ||
| Q1 25 | $212.1M | $6.6B | ||
| Q4 24 | $221.4M | $6.4B | ||
| Q3 24 | $219.4M | $6.8B | ||
| Q2 24 | $224.4M | $7.1B | ||
| Q1 24 | $231.9M | $7.3B |
负债/权益比DHXKREF
| Q4 25 | — | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.28× | — | ||
| Q3 24 | 0.29× | — | ||
| Q2 24 | 0.32× | — | ||
| Q1 24 | 0.38× | — |
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 | $7.2M | $72.3M |
| 自由现金流经营现金流 - 资本支出 | $5.7M | — |
| 自由现金流率自由现金流/营收 | 18.1% | — |
| 资本支出强度资本支出/营收 | 4.9% | — |
| 现金转化率经营现金流/净利润 | 7.60× | — |
| 过去12个月自由现金流最近4个季度 | $13.8M | — |
8季度趋势，按日历期对齐
经营现金流DHXKREF
| Q4 25 | $7.2M | $72.3M | ||
| Q3 25 | $4.8M | $18.5M | ||
| Q2 25 | $6.9M | $21.1M | ||
| Q1 25 | $2.2M | $15.9M | ||
| Q4 24 | $4.4M | $132.6M | ||
| Q3 24 | $5.5M | $49.1M | ||
| Q2 24 | $9.1M | $30.6M | ||
| Q1 24 | $2.1M | $34.5M |
自由现金流DHXKREF
| Q4 25 | $5.7M | — | ||
| Q3 25 | $3.2M | — | ||
| Q2 25 | $4.8M | — | ||
| Q1 25 | $88.0K | — | ||
| Q4 24 | $1.6M | — | ||
| Q3 24 | $2.3M | — | ||
| Q2 24 | $5.6M | — | ||
| Q1 24 | $-2.4M | — |
自由现金流率DHXKREF
| Q4 25 | 18.1% | — | ||
| Q3 25 | 9.9% | — | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 6.5% | — | ||
| Q2 24 | 15.6% | — | ||
| Q1 24 | -6.5% | — |
资本支出强度DHXKREF
| Q4 25 | 4.9% | — | ||
| Q3 25 | 5.0% | — | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | 6.7% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 9.2% | — | ||
| Q2 24 | 9.7% | — | ||
| Q1 24 | 12.3% | — |
现金转化率DHXKREF
| Q4 25 | 7.60× | — | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.27× | 6.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | 9.61× | 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
DHX
| Clearance Jobs | $17.4M | 56% |
| Clearance Jobs Segment | $13.9M | 44% |
KREF
暂无分部数据
