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DORCHESTER MINERALS, L.P.（DMLP）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
DORCHESTER MINERALS, L.P.的季度营收约是KKR Real Estate Finance Trust Inc.的1.6倍（$41.9M vs $25.8M），DORCHESTER MINERALS, L.P.净利率更高（38.7% vs -101.7%，领先140.4%），DORCHESTER MINERALS, L.P.同比增速更快（5.4% vs -26.6%），过去两年DORCHESTER MINERALS, L.P.的营收复合增速更高（16.2% vs -18.8%）
多切斯特矿业有限合伙是一家总部位于美国的上市有限合伙企业，主要收购、持有及管理油气相关的特许权权益、净利润权益、矿产产权等多元化资产组合，资产覆盖美国多个核心陆上油气产区，为合伙份额持有人提供稳定的现金流回报。
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。
DMLP vs KREF — 直观对比
营收规模更大
DMLP
是对方的1.6倍
$25.8M
营收增速更快
DMLP
高出32.0%
-26.6%
净利率更高
DMLP
高出140.4%
-101.7%
两年增速更快
DMLP
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $41.9M | $25.8M |
| 净利润 | $16.2M | $-26.2M |
| 毛利率 | — | — |
| 营业利润率 | — | -105.1% |
| 净利率 | 38.7% | -101.7% |
| 营收同比 | 5.4% | -26.6% |
| 净利润同比 | 13.7% | -229.6% |
| 每股收益（稀释后） | — | $-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DMLPKREF
| Q4 25 | $41.9M | $25.8M | ||
| Q3 25 | $35.4M | $25.3M | ||
| Q2 25 | $32.4M | $30.2M | ||
| Q1 25 | $43.2M | $31.3M | ||
| Q4 24 | $39.7M | $35.1M | ||
| Q3 24 | $53.5M | $37.0M | ||
| Q2 24 | $37.4M | $40.4M | ||
| Q1 24 | $31.0M | $39.1M |
净利润DMLPKREF
| Q4 25 | $16.2M | $-26.2M | ||
| Q3 25 | $11.2M | $13.8M | ||
| Q2 25 | $12.3M | $-29.7M | ||
| Q1 25 | $17.6M | $-4.9M | ||
| Q4 24 | $14.2M | $20.3M | ||
| Q3 24 | $36.4M | $-7.4M | ||
| Q2 24 | $23.6M | $25.8M | ||
| Q1 24 | $18.2M | $-3.1M |
营业利润率DMLPKREF
| Q4 25 | — | -105.1% | ||
| Q3 25 | — | 50.4% | ||
| Q2 25 | — | -101.3% | ||
| Q1 25 | — | -18.3% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | -19.6% | ||
| Q2 24 | — | 63.3% | ||
| Q1 24 | — | -8.7% |
净利率DMLPKREF
| Q4 25 | 38.7% | -101.7% | ||
| Q3 25 | 31.5% | 54.4% | ||
| Q2 25 | 38.1% | -98.5% | ||
| Q1 25 | 40.9% | -15.5% | ||
| Q4 24 | 35.9% | 57.7% | ||
| Q3 24 | 68.1% | -20.0% | ||
| Q2 24 | 63.2% | 63.9% | ||
| Q1 24 | 58.6% | -7.9% |
每股收益（稀释后）DMLPKREF
| Q4 25 | — | $-0.49 | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | — | $-0.53 | ||
| Q1 25 | — | $-0.15 | ||
| Q4 24 | — | $0.22 | ||
| Q3 24 | — | $-0.19 | ||
| Q2 24 | — | $0.29 | ||
| Q1 24 | — | $-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 | $41.9M | $84.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $1.2B |
| 总资产 | $309.6M | $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DMLPKREF
| Q4 25 | $41.9M | $84.6M | ||
| Q3 25 | $41.6M | $204.1M | ||
| Q2 25 | $36.5M | $107.7M | ||
| Q1 25 | $41.5M | $106.4M | ||
| Q4 24 | $42.5M | $104.9M | ||
| Q3 24 | $56.5M | $108.8M | ||
| Q2 24 | $35.2M | $107.2M | ||
| Q1 24 | $37.7M | $106.5M |
股东权益DMLPKREF
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
总资产DMLPKREF
| Q4 25 | $309.6M | $6.5B | ||
| Q3 25 | $330.4M | $6.5B | ||
| Q2 25 | $325.6M | $6.8B | ||
| Q1 25 | $349.0M | $6.6B | ||
| Q4 24 | $366.8M | $6.4B | ||
| Q3 24 | $403.4M | $6.8B | ||
| Q2 24 | $176.0M | $7.1B | ||
| Q1 24 | $184.8M | $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 | $34.3M | $72.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.12× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流DMLPKREF
| Q4 25 | $34.3M | $72.3M | ||
| Q3 25 | $34.3M | $18.5M | ||
| Q2 25 | $30.5M | $21.1M | ||
| Q1 25 | $33.4M | $15.9M | ||
| Q4 24 | $31.5M | $132.6M | ||
| Q3 24 | $43.7M | $49.1M | ||
| Q2 24 | $29.4M | $30.6M | ||
| Q1 24 | $28.0M | $34.5M |
现金转化率DMLPKREF
| Q4 25 | 2.12× | — | ||
| Q3 25 | 3.07× | 1.34× | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 1.89× | — | ||
| Q4 24 | 2.21× | 6.54× | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 1.25× | 1.19× | ||
| Q1 24 | 1.54× | — |
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
DMLP
| Royalties | $34.0M | 81% |
| Other | $7.8M | 19% |
KREF
暂无分部数据
