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FENNEC PHARMACEUTICALS INC.（FENC）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FENNEC PHARMACEUTICALS INC.的1.9倍（$25.8M vs $13.8M），FENNEC PHARMACEUTICALS INC.净利率更高（-34.7% vs -101.7%，领先67.0%），FENNEC PHARMACEUTICALS INC.同比增速更快（73.8% 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 -26.3%）
Fennec制药是一家生物制药企业，专注于开发和商业化可降低儿童癌症患者治疗相关副作用的特种疗法，核心产品针对化疗引发的耳毒性，主要市场覆盖北美，服务肿瘤诊疗机构及儿童肿瘤患者群体。
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。
FENC vs KREF — 直观对比
营收规模更大
KREF
是对方的1.9倍
$13.8M
营收增速更快
FENC
高出100.4%
-26.6%
净利率更高
FENC
高出67.0%
-101.7%
两年增速更快
KREF
近两年复合增速
-26.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $13.8M | $25.8M |
| 净利润 | $-4.8M | $-26.2M |
| 毛利率 | — | — |
| 营业利润率 | -18.5% | -105.1% |
| 净利率 | -34.7% | -101.7% |
| 营收同比 | 73.8% | -26.6% |
| 净利润同比 | -141.1% | -229.6% |
| 每股收益（稀释后） | $-0.17 | $-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FENCKREF
| Q4 25 | $13.8M | $25.8M | ||
| Q3 25 | $12.5M | $25.3M | ||
| Q2 25 | $9.7M | $30.2M | ||
| Q1 25 | $8.8M | $31.3M | ||
| Q4 24 | $7.9M | $35.1M | ||
| Q3 24 | $7.0M | $37.0M | ||
| Q2 24 | $7.3M | $40.4M | ||
| Q1 24 | $25.4M | $39.1M |
净利润FENCKREF
| Q4 25 | $-4.8M | $-26.2M | ||
| Q3 25 | $-638.0K | $13.8M | ||
| Q2 25 | $-3.2M | $-29.7M | ||
| Q1 25 | $-1.2M | $-4.9M | ||
| Q4 24 | $-2.0M | $20.3M | ||
| Q3 24 | $-5.7M | $-7.4M | ||
| Q2 24 | $-5.6M | $25.8M | ||
| Q1 24 | $12.8M | $-3.1M |
营业利润率FENCKREF
| Q4 25 | -18.5% | -105.1% | ||
| Q3 25 | -1.5% | 50.4% | ||
| Q2 25 | -28.3% | -101.3% | ||
| Q1 25 | -9.2% | -18.3% | ||
| Q4 24 | -11.8% | 55.8% | ||
| Q3 24 | -74.6% | -19.6% | ||
| Q2 24 | -69.4% | 63.3% | ||
| Q1 24 | 54.2% | -8.7% |
净利率FENCKREF
| Q4 25 | -34.7% | -101.7% | ||
| Q3 25 | -5.1% | 54.4% | ||
| Q2 25 | -32.7% | -98.5% | ||
| Q1 25 | -13.3% | -15.5% | ||
| Q4 24 | -25.0% | 57.7% | ||
| Q3 24 | -82.2% | -20.0% | ||
| Q2 24 | -76.5% | 63.9% | ||
| Q1 24 | 50.6% | -7.9% |
每股收益（稀释后）FENCKREF
| Q4 25 | $-0.17 | $-0.49 | ||
| Q3 25 | $-0.02 | $0.12 | ||
| Q2 25 | $-0.11 | $-0.53 | ||
| Q1 25 | $-0.04 | $-0.15 | ||
| Q4 24 | $-0.02 | $0.22 | ||
| Q3 24 | $-0.21 | $-0.19 | ||
| Q2 24 | $-0.20 | $0.29 | ||
| Q1 24 | $0.41 | $-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 | $36.8M | $84.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $35.5M | $1.2B |
| 总资产 | $70.6M | $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FENCKREF
| Q4 25 | $36.8M | $84.6M | ||
| Q3 25 | $21.9M | $204.1M | ||
| Q2 25 | $18.7M | $107.7M | ||
| Q1 25 | $22.7M | $106.4M | ||
| Q4 24 | $26.6M | $104.9M | ||
| Q3 24 | $40.3M | $108.8M | ||
| Q2 24 | $43.1M | $107.2M | ||
| Q1 24 | $51.2M | $106.5M |
总债务FENCKREF
| Q4 25 | — | — | ||
| Q3 25 | $19.4M | — | ||
| Q2 25 | $19.4M | — | ||
| Q1 25 | $19.4M | — | ||
| Q4 24 | $19.3M | — | ||
| Q3 24 | $32.1M | — | ||
| Q2 24 | $31.8M | — | ||
| Q1 24 | $31.3M | — |
股东权益FENCKREF
| Q4 25 | $35.5M | $1.2B | ||
| Q3 25 | $-4.5M | $1.2B | ||
| Q2 25 | $-7.5M | $1.2B | ||
| Q1 25 | $-5.9M | $1.3B | ||
| Q4 24 | $-5.9M | $1.3B | ||
| Q3 24 | $-5.2M | $1.4B | ||
| Q2 24 | $-1.4M | $1.4B | ||
| Q1 24 | $3.0M | $1.4B |
总资产FENCKREF
| Q4 25 | $70.6M | $6.5B | ||
| Q3 25 | $49.3M | $6.5B | ||
| Q2 25 | $44.9M | $6.8B | ||
| Q1 25 | $46.4M | $6.6B | ||
| Q4 24 | $44.9M | $6.4B | ||
| Q3 24 | $58.9M | $6.8B | ||
| Q2 24 | $63.2M | $7.1B | ||
| Q1 24 | $69.2M | $7.3B |
负债/权益比FENCKREF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 10.40× | — |
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 | $-6.0M | $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 | — | — |
| 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FENCKREF
| Q4 25 | $-6.0M | $72.3M | ||
| Q3 25 | $1.5M | $18.5M | ||
| Q2 25 | $-3.7M | $21.1M | ||
| Q1 25 | $-4.3M | $15.9M | ||
| Q4 24 | $-1.5M | $132.6M | ||
| Q3 24 | $-2.2M | $49.1M | ||
| Q2 24 | $-8.4M | $30.6M | ||
| Q1 24 | $39.0M | $34.5M |
现金转化率FENCKREF
| Q4 25 | — | — | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | 3.04× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
