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KINGSWAY FINANCIAL SERVICES INC（KFS）与FiscalNote Holdings, Inc.（NOTE）财务数据对比。点击上方公司名可切换其他公司
KINGSWAY FINANCIAL SERVICES INC的季度营收约是FiscalNote Holdings, Inc.的1.7倍（$38.6M vs $22.2M），KINGSWAY FINANCIAL SERVICES INC同比增速更快（30.1% vs -24.7%），过去两年KINGSWAY FINANCIAL SERVICES INC的营收复合增速更高（21.4% vs -16.8%）
金斯威金融服务公司是一家专业金融控股企业，主要提供财产和意外伤害保险产品，包括个人车险、商业责任险、财产险等，核心市场覆盖北美地区，服务个人消费者、小微企业主及特定商业客户群体。
FiscalNote Holdings, Inc.（常称FiscalNote）是一家上市的软件数据与传媒企业，总部位于美国华盛顿特区，2013年由三位创始人创立。核心业务为通过政府关系管理服务FiscalNote GRM提供软件工具、平台、数据服务与资讯，同时依托人工智能平台分析美国待审议法案相关内容。
KFS vs NOTE — 直观对比
营收规模更大
KFS
是对方的1.7倍
$22.2M
营收增速更快
KFS
高出54.7%
-24.7%
两年增速更快
KFS
近两年复合增速
-16.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $38.6M | $22.2M |
| 净利润 | $-1.6M | — |
| 毛利率 | — | — |
| 营业利润率 | 0.8% | -83.7% |
| 净利率 | -4.1% | — |
| 营收同比 | 30.1% | -24.7% |
| 净利润同比 | -7.8% | — |
| 每股收益（稀释后） | $-0.07 | $-2.81 |
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KFSNOTE
| Q4 25 | $38.6M | $22.2M | ||
| Q3 25 | $37.2M | $22.4M | ||
| Q2 25 | $30.9M | $23.3M | ||
| Q1 25 | $28.3M | $27.5M | ||
| Q4 24 | $29.6M | $29.5M | ||
| Q3 24 | $27.1M | $29.4M | ||
| Q2 24 | $26.4M | $29.2M | ||
| Q1 24 | $26.2M | $32.1M |
净利润KFSNOTE
| Q4 25 | $-1.6M | — | ||
| Q3 25 | $-2.4M | $-24.9M | ||
| Q2 25 | $-3.2M | $-13.3M | ||
| Q1 25 | $-3.1M | $-4.3M | ||
| Q4 24 | $-1.5M | — | ||
| Q3 24 | $-2.3M | $-14.9M | ||
| Q2 24 | $-2.2M | $-12.8M | ||
| Q1 24 | $-2.3M | $50.6M |
营业利润率KFSNOTE
| Q4 25 | 0.8% | -83.7% | ||
| Q3 25 | -2.3% | -43.4% | ||
| Q2 25 | -3.6% | -31.9% | ||
| Q1 25 | -2.5% | -50.0% | ||
| Q4 24 | 6.5% | -19.4% | ||
| Q3 24 | -2.5% | -23.1% | ||
| Q2 24 | 0.5% | -27.2% | ||
| Q1 24 | 2.9% | -35.6% |
净利率KFSNOTE
| Q4 25 | -4.1% | — | ||
| Q3 25 | -6.5% | -110.8% | ||
| Q2 25 | -10.2% | -57.0% | ||
| Q1 25 | -10.9% | -15.4% | ||
| Q4 24 | -5.0% | — | ||
| Q3 24 | -8.5% | -50.7% | ||
| Q2 24 | -8.3% | -43.6% | ||
| Q1 24 | -8.9% | 157.6% |
每股收益（稀释后）KFSNOTE
| Q4 25 | $-0.07 | $-2.81 | ||
| Q3 25 | $-0.10 | $-1.73 | ||
| Q2 25 | $-0.13 | $-0.08 | ||
| Q1 25 | $-0.13 | $-0.03 | ||
| Q4 24 | $-0.08 | $1.88 | ||
| Q3 24 | $-0.10 | $-1.33 | ||
| Q2 24 | $-0.08 | $-0.09 | ||
| Q1 24 | $-0.09 | $0.37 |
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 | $8.5M | $26.3M |
| 总债务越低越好 | $70.7M | $128.4M |
| 股东权益账面价值 | $15.2M | $62.0M |
| 总资产 | $231.5M | $255.1M |
| 负债/权益比越低杠杆越低 | 4.66× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资KFSNOTE
| Q4 25 | $8.5M | $26.3M | ||
| Q3 25 | $9.5M | $31.2M | ||
| Q2 25 | $12.3M | $38.5M | ||
| Q1 25 | $6.5M | $46.3M | ||
| Q4 24 | $5.7M | $34.6M | ||
| Q3 24 | $6.7M | $32.7M | ||
| Q2 24 | $9.8M | $37.7M | ||
| Q1 24 | $12.3M | $43.6M |
总债务KFSNOTE
| Q4 25 | $70.7M | $128.4M | ||
| Q3 25 | $70.7M | $131.5M | ||
| Q2 25 | $58.3M | $116.7M | ||
| Q1 25 | $59.5M | $118.0M | ||
| Q4 24 | $57.5M | $147.1M | ||
| Q3 24 | $58.5M | $152.2M | ||
| Q2 24 | $47.3M | $145.9M | ||
| Q1 24 | $47.1M | $153.0M |
股东权益KFSNOTE
| Q4 25 | $15.2M | $62.0M | ||
| Q3 25 | $16.6M | $75.5M | ||
| Q2 25 | $17.4M | $95.1M | ||
| Q1 25 | $5.5M | $98.7M | ||
| Q4 24 | $8.4M | $97.8M | ||
| Q3 24 | $9.9M | $98.5M | ||
| Q2 24 | $20.7M | $106.9M | ||
| Q1 24 | $23.6M | $106.1M |
总资产KFSNOTE
| Q4 25 | $231.5M | $255.1M | ||
| Q3 25 | $235.1M | $273.9M | ||
| Q2 25 | $207.7M | $288.3M | ||
| Q1 25 | $192.1M | $299.7M | ||
| Q4 24 | $186.6M | $326.2M | ||
| Q3 24 | $191.1M | $337.9M | ||
| Q2 24 | $192.3M | $346.3M | ||
| Q1 24 | $198.0M | $357.8M |
负债/权益比KFSNOTE
| Q4 25 | 4.66× | 2.07× | ||
| Q3 25 | 4.25× | 1.74× | ||
| Q2 25 | 3.34× | 1.23× | ||
| Q1 25 | 10.91× | 1.20× | ||
| Q4 24 | 6.84× | 1.50× | ||
| Q3 24 | 5.88× | 1.54× | ||
| Q2 24 | 2.29× | 1.36× | ||
| Q1 24 | 2.00× | 1.44× |
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 | $-3.0K | $-279.0K |
| 自由现金流经营现金流 - 资本支出 | — | $-1.9M |
| 自由现金流率自由现金流/营收 | — | -8.7% |
| 资本支出强度资本支出/营收 | — | 7.4% |
| 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 | — | $-18.6M |
8季度趋势，按日历期对齐
经营现金流KFSNOTE
| Q4 25 | $-3.0K | $-279.0K | ||
| Q3 25 | $1.5M | $-8.3M | ||
| Q2 25 | $337.0K | $-6.2M | ||
| Q1 25 | $-1.8M | $3.3M | ||
| Q4 24 | $1.1M | $-1.3M | ||
| Q3 24 | $368.0K | $-3.0M | ||
| Q2 24 | $557.0K | $-3.7M | ||
| Q1 24 | $249.0K | $2.7M |
自由现金流KFSNOTE
| Q4 25 | — | $-1.9M | ||
| Q3 25 | $1.3M | $-10.4M | ||
| Q2 25 | — | $-7.7M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | — | $-5.4M | ||
| Q2 24 | — | $-6.5M | ||
| Q1 24 | — | $1.0M |
自由现金流率KFSNOTE
| Q4 25 | — | -8.7% | ||
| Q3 25 | 3.4% | -46.2% | ||
| Q2 25 | — | -33.0% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | -11.4% | ||
| Q3 24 | — | -18.4% | ||
| Q2 24 | — | -22.1% | ||
| Q1 24 | — | 3.3% |
资本支出强度KFSNOTE
| Q4 25 | — | 7.4% | ||
| Q3 25 | 0.5% | 9.3% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 6.8% | ||
| Q3 24 | 0.0% | 8.3% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 5.3% |
现金转化率KFSNOTE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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
KFS
| Other | $14.8M | 38% |
| Roundhouse Electric Equipment Co Inc | $9.7M | 25% |
| MLC Plumbing LLC | $5.7M | 15% |
| Systems Products International Incspi | $3.8M | 10% |
| Advanced Plumbing And Drain | $2.9M | 8% |
| Southside Plumbing | $1.7M | 4% |
NOTE
| Subscription | $21.2M | 95% |
| Advisory Advertising And Other | $1.0M | 5% |
