vs
Franklin BSP Realty Trust, Inc.（FBRT）与万物新生（RERE）财务数据对比。点击上方公司名可切换其他公司
Franklin BSP Realty Trust, Inc.的季度营收约是万物新生的1.9倍（$81.1M vs $43.2M），Franklin BSP Realty Trust, Inc.净利率更高（22.7% vs 16.9%，领先5.8%）
Franklin BSP Realty Trust是一家上市房地产投资信托（REIT），专注于发起、投资和管理商业房地产信贷资产，涵盖优先抵押贷款、夹层融资等相关产品，主要面向美国市场，致力于为投资者创造稳定的经风险调整回报与分红收入。
万物新生集团（ATRenew Inc.）是中国领先的二手消费电子产品交易与服务平台运营商，核心业务覆盖数码产品回收、质检、翻新及售卖，运营有爱回收等知名品牌，服务覆盖个人消费者及企业客户，市场遍及国内及部分东南亚地区。
FBRT vs RERE — 直观对比
营收规模更大
FBRT
是对方的1.9倍
$43.2M
净利率更高
FBRT
高出5.8%
16.9%
损益表 — Q4 FY2025 vs Q1 FY2023
| 指标 | | |
|---|---|---|
| 营收 | $81.1M | $43.2M |
| 净利润 | $18.4M | $7.3M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 22.7% | 16.9% |
| 营收同比 | 25.8% | — |
| 净利润同比 | -39.1% | — |
| 每股收益（稀释后） | $0.13 | — |
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FBRTRERE
| Q4 25 | $81.1M | — | ||
| Q3 25 | $89.5M | — | ||
| Q2 25 | $49.3M | — | ||
| Q1 25 | $50.1M | — | ||
| Q4 24 | $64.5M | — | ||
| Q3 24 | $54.0M | — | ||
| Q2 24 | $50.9M | — | ||
| Q1 24 | $54.0M | — |
净利润FBRTRERE
| Q4 25 | $18.4M | — | ||
| Q3 25 | $17.3M | — | ||
| Q2 25 | $23.2M | — | ||
| Q1 25 | $24.1M | — | ||
| Q4 24 | $30.2M | — | ||
| Q3 24 | $31.6M | — | ||
| Q2 24 | $-2.2M | — | ||
| Q1 24 | $35.9M | — |
净利率FBRTRERE
| Q4 25 | 22.7% | — | ||
| Q3 25 | 19.3% | — | ||
| Q2 25 | 47.1% | — | ||
| Q1 25 | 48.0% | — | ||
| Q4 24 | 46.8% | — | ||
| Q3 24 | 58.5% | — | ||
| Q2 24 | -4.3% | — | ||
| Q1 24 | 66.6% | — |
每股收益（稀释后）FBRTRERE
| Q4 25 | $0.13 | — | ||
| Q3 25 | $0.12 | — | ||
| Q2 25 | $0.19 | — | ||
| Q1 25 | $0.20 | — | ||
| Q4 24 | $0.28 | — | ||
| Q3 24 | $0.30 | — | ||
| Q2 24 | $-0.11 | — | ||
| Q1 24 | $0.35 | — |
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 | $167.3M | $228.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $557.1M |
| 总资产 | $6.1B | $722.9M |
| 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FBRTRERE
| Q4 25 | $167.3M | — | ||
| Q3 25 | $116.7M | — | ||
| Q2 25 | $414.1M | — | ||
| Q1 25 | $215.4M | — | ||
| Q4 24 | $184.4M | — | ||
| Q3 24 | $346.2M | — | ||
| Q2 24 | $94.8M | — | ||
| Q1 24 | $240.0M | — |
股东权益FBRTRERE
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.6B | — |
总资产FBRTRERE
| Q4 25 | $6.1B | — | ||
| Q3 25 | $6.2B | — | ||
| Q2 25 | $5.6B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $6.0B | — | ||
| Q3 24 | $6.3B | — | ||
| Q2 24 | $6.3B | — | ||
| Q1 24 | $6.0B | — |
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 | $291.9M | — |
| 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 | 15.88× | — |
| 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FBRTRERE
| Q4 25 | $291.9M | — | ||
| Q3 25 | $-148.1M | — | ||
| Q2 25 | $11.8M | — | ||
| Q1 25 | $116.2M | — | ||
| Q4 24 | $57.2M | — | ||
| Q3 24 | $97.4M | — | ||
| Q2 24 | $1.9M | — | ||
| Q1 24 | $13.0M | — |
现金转化率FBRTRERE
| Q4 25 | 15.88× | — | ||
| Q3 25 | -8.56× | — | ||
| Q2 25 | 0.51× | — | ||
| Q1 25 | 4.83× | — | ||
| Q4 24 | 1.90× | — | ||
| Q3 24 | 3.08× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.36× | — |
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
FBRT
| New Point Holdings JVLLC | $77.3M | 95% |
| Other | $2.1M | 3% |
| Office Building | $1.7M | 2% |
RERE
暂无分部数据
