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KINGSWAY FINANCIAL SERVICES INC（KFS）与Target Hospitality Corp.（TH）财务数据对比。点击上方公司名可切换其他公司
Target Hospitality Corp.的季度营收约是KINGSWAY FINANCIAL SERVICES INC的1.9倍（$73.5M vs $38.6M），KINGSWAY FINANCIAL SERVICES INC净利率更高（-4.1% vs -20.3%，领先16.2%），KINGSWAY FINANCIAL SERVICES INC同比增速更快（30.1% vs 22.0%），过去两年KINGSWAY FINANCIAL SERVICES INC的营收复合增速更高（21.4% vs 0.7%）
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。
Target Hospitality是一家专业住宿服务提供商，主营石油、天然气及矿业项目用工住宿，也提供大型活动、灾后救援所需的临时模块化住宿，总部位于得克萨斯州伍德兰兹，同时在北达科他州威利斯顿、科罗拉多州丹佛以及阿尔伯塔省卡尔加里设有办事处。
KFS vs TH — 直观对比
营收规模更大
TH
是对方的1.9倍
$38.6M
营收增速更快
KFS
高出8.1%
22.0%
净利率更高
KFS
高出16.2%
-20.3%
两年增速更快
KFS
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $38.6M | $73.5M |
| 净利润 | $-1.6M | $-14.9M |
| 毛利率 | — | 9.6% |
| 营业利润率 | 0.8% | -22.9% |
| 净利率 | -4.1% | -20.3% |
| 营收同比 | 30.1% | 22.0% |
| 净利润同比 | -7.8% | -219.1% |
| 每股收益（稀释后） | $-0.07 | $-0.14 |
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KFSTH
| Q4 25 | $38.6M | $73.5M | ||
| Q3 25 | $37.2M | $91.6M | ||
| Q2 25 | $30.9M | $54.9M | ||
| Q1 25 | $28.3M | $54.9M | ||
| Q4 24 | $29.6M | $60.2M | ||
| Q3 24 | $27.1M | $65.8M | ||
| Q2 24 | $26.4M | $67.5M | ||
| Q1 24 | $26.2M | $72.4M |
净利润KFSTH
| Q4 25 | $-1.6M | $-14.9M | ||
| Q3 25 | $-2.4M | $-795.0K | ||
| Q2 25 | $-3.2M | $-14.9M | ||
| Q1 25 | $-3.1M | $-6.5M | ||
| Q4 24 | $-1.5M | $12.5M | ||
| Q3 24 | $-2.3M | $20.0M | ||
| Q2 24 | $-2.2M | $18.4M | ||
| Q1 24 | $-2.3M | $20.4M |
毛利率KFSTH
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | — | 68.7% | ||
| Q2 24 | — | 69.4% | ||
| Q1 24 | — | 67.8% |
营业利润率KFSTH
| Q4 25 | 0.8% | -22.9% | ||
| Q3 25 | -2.3% | 0.1% | ||
| Q2 25 | -3.6% | -30.8% | ||
| Q1 25 | -2.5% | -2.0% | ||
| Q4 24 | 6.5% | 34.5% | ||
| Q3 24 | -2.5% | 42.5% | ||
| Q2 24 | 0.5% | 43.8% | ||
| Q1 24 | 2.9% | 42.0% |
净利率KFSTH
| Q4 25 | -4.1% | -20.3% | ||
| Q3 25 | -6.5% | -0.9% | ||
| Q2 25 | -10.2% | -27.2% | ||
| Q1 25 | -10.9% | -11.8% | ||
| Q4 24 | -5.0% | 20.8% | ||
| Q3 24 | -8.5% | 30.4% | ||
| Q2 24 | -8.3% | 27.2% | ||
| Q1 24 | -8.9% | 28.2% |
每股收益（稀释后）KFSTH
| Q4 25 | $-0.07 | $-0.14 | ||
| Q3 25 | $-0.10 | $-0.01 | ||
| Q2 25 | $-0.13 | $-0.15 | ||
| Q1 25 | $-0.13 | $-0.07 | ||
| Q4 24 | $-0.08 | $0.12 | ||
| Q3 24 | $-0.10 | $0.20 | ||
| Q2 24 | $-0.08 | $0.18 | ||
| Q1 24 | $-0.09 | $0.20 |
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 | $8.3M |
| 总债务越低越好 | $70.7M | $1.7M |
| 股东权益账面价值 | $15.2M | $389.3M |
| 总资产 | $231.5M | $530.2M |
| 负债/权益比越低杠杆越低 | 4.66× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资KFSTH
| Q4 25 | $8.5M | $8.3M | ||
| Q3 25 | $9.5M | $30.4M | ||
| Q2 25 | $12.3M | $19.2M | ||
| Q1 25 | $6.5M | $34.5M | ||
| Q4 24 | $5.7M | $190.7M | ||
| Q3 24 | $6.7M | $177.7M | ||
| Q2 24 | $9.8M | $154.3M | ||
| Q1 24 | $12.3M | $124.3M |
总债务KFSTH
| Q4 25 | $70.7M | $1.7M | ||
| Q3 25 | $70.7M | $2.0M | ||
| Q2 25 | $58.3M | $26.3M | ||
| Q1 25 | $59.5M | $42.9M | ||
| Q4 24 | $57.5M | $1.5M | ||
| Q3 24 | $58.5M | $994.0K | ||
| Q2 24 | $47.3M | $1.1M | ||
| Q1 24 | $47.1M | $179.9M |
股东权益KFSTH
| Q4 25 | $15.2M | $389.3M | ||
| Q3 25 | $16.6M | $402.4M | ||
| Q2 25 | $17.4M | $401.3M | ||
| Q1 25 | $5.5M | $415.3M | ||
| Q4 24 | $8.4M | $421.1M | ||
| Q3 24 | $9.9M | $417.6M | ||
| Q2 24 | $20.7M | $397.2M | ||
| Q1 24 | $23.6M | $375.5M |
总资产KFSTH
| Q4 25 | $231.5M | $530.2M | ||
| Q3 25 | $235.1M | $541.2M | ||
| Q2 25 | $207.7M | $533.7M | ||
| Q1 25 | $192.1M | $562.5M | ||
| Q4 24 | $186.6M | $725.8M | ||
| Q3 24 | $191.1M | $709.8M | ||
| Q2 24 | $192.3M | $697.0M | ||
| Q1 24 | $198.0M | $687.2M |
负债/权益比KFSTH
| Q4 25 | 4.66× | 0.00× | ||
| Q3 25 | 4.25× | 0.01× | ||
| Q2 25 | 3.34× | 0.07× | ||
| Q1 25 | 10.91× | 0.10× | ||
| Q4 24 | 6.84× | 0.00× | ||
| Q3 24 | 5.88× | 0.00× | ||
| Q2 24 | 2.29× | 0.00× | ||
| Q1 24 | 2.00× | 0.48× |
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 | $5.7M |
| 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KFSTH
| Q4 25 | $-3.0K | $5.7M | ||
| Q3 25 | $1.5M | $53.4M | ||
| Q2 25 | $337.0K | $11.1M | ||
| Q1 25 | $-1.8M | $3.9M | ||
| Q4 24 | $1.1M | $30.6M | ||
| Q3 24 | $368.0K | $31.4M | ||
| Q2 24 | $557.0K | $39.1M | ||
| Q1 24 | $249.0K | $50.6M |
自由现金流KFSTH
| Q4 25 | — | — | ||
| Q3 25 | $1.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率KFSTH
| Q4 25 | — | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度KFSTH
| Q4 25 | — | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率KFSTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | — | 2.48× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
