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KKR Real Estate Finance Trust Inc.（KREF）与Maison Solutions Inc.（MSS）财务数据对比。点击上方公司名可切换其他公司
Maison Solutions Inc.的季度营收约是KKR Real Estate Finance Trust Inc.的1.1倍（$27.6M vs $25.8M），Maison Solutions Inc.净利率更高（-18.0% vs -101.7%，领先83.8%），Maison Solutions Inc.同比增速更快（-10.9% vs -26.6%），过去两年Maison Solutions Inc.的营收复合增速更高（42.5% vs -18.8%）
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。
Maison Solutions Inc.是一家专注于家居零售的企业，主要运营市场位于中国粤港澳大湾区，面向大众消费者提供高性价比的时尚家具、家居装饰用品及日常家用百货，同时布局线下实体门店与线上电商销售渠道。
KREF vs MSS — 直观对比
营收规模更大
MSS
是对方的1.1倍
$25.8M
营收增速更快
MSS
高出15.6%
-26.6%
净利率更高
MSS
高出83.8%
-101.7%
两年增速更快
MSS
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $27.6M |
| 净利润 | $-26.2M | $-5.0M |
| 毛利率 | — | 23.4% |
| 营业利润率 | -105.1% | -4.9% |
| 净利率 | -101.7% | -18.0% |
| 营收同比 | -26.6% | -10.9% |
| 净利润同比 | -229.6% | -1840.5% |
| 每股收益（稀释后） | $-0.49 | $-0.23 |
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KREFMSS
| Q4 25 | $25.8M | $27.6M | ||
| Q3 25 | $25.3M | $27.2M | ||
| Q2 25 | $30.2M | $34.4M | ||
| Q1 25 | $31.3M | $32.3M | ||
| Q4 24 | $35.1M | $29.4M | ||
| Q3 24 | $37.0M | $28.2M | ||
| Q2 24 | $40.4M | $16.9M | ||
| Q1 24 | $39.1M | $13.6M |
净利润KREFMSS
| Q4 25 | $-26.2M | $-5.0M | ||
| Q3 25 | $13.8M | $-1.5M | ||
| Q2 25 | $-29.7M | $-287.4K | ||
| Q1 25 | $-4.9M | $1.0M | ||
| Q4 24 | $20.3M | $-256.0K | ||
| Q3 24 | $-7.4M | $700.9K | ||
| Q2 24 | $25.8M | $-2.8M | ||
| Q1 24 | $-3.1M | $-549.0K |
毛利率KREFMSS
| Q4 25 | — | 23.4% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | — | 26.9% | ||
| Q3 24 | — | 28.9% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 23.4% |
营业利润率KREFMSS
| Q4 25 | -105.1% | -4.9% | ||
| Q3 25 | 50.4% | 0.7% | ||
| Q2 25 | -101.3% | -15.9% | ||
| Q1 25 | -18.3% | 3.7% | ||
| Q4 24 | 55.8% | 3.2% | ||
| Q3 24 | -19.6% | 7.3% | ||
| Q2 24 | 63.3% | -14.4% | ||
| Q1 24 | -8.7% | -2.3% |
净利率KREFMSS
| Q4 25 | -101.7% | -18.0% | ||
| Q3 25 | 54.4% | -5.7% | ||
| Q2 25 | -98.5% | -0.8% | ||
| Q1 25 | -15.5% | 3.1% | ||
| Q4 24 | 57.7% | -0.9% | ||
| Q3 24 | -20.0% | 2.5% | ||
| Q2 24 | 63.9% | -16.4% | ||
| Q1 24 | -7.9% | -4.0% |
每股收益（稀释后）KREFMSS
| Q4 25 | $-0.49 | $-0.23 | ||
| Q3 25 | $0.12 | $-0.08 | ||
| Q2 25 | $-0.53 | $-0.02 | ||
| Q1 25 | $-0.15 | $0.06 | ||
| Q4 24 | $0.22 | $-0.01 | ||
| Q3 24 | $-0.19 | $0.04 | ||
| Q2 24 | $0.29 | $-0.16 | ||
| Q1 24 | $-0.13 | $-0.03 |
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 | $84.6M | — |
| 总债务越低越好 | — | $2.6M |
| 股东权益账面价值 | $1.2B | $11.6M |
| 总资产 | $6.5B | $75.4M |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资KREFMSS
| Q4 25 | $84.6M | — | ||
| Q3 25 | $204.1M | $1.1M | ||
| Q2 25 | $107.7M | $775.4K | ||
| Q1 25 | $106.4M | $445.4K | ||
| Q4 24 | $104.9M | $355.7K | ||
| Q3 24 | $108.8M | $588.9K | ||
| Q2 24 | $107.2M | $2.1M | ||
| Q1 24 | $106.5M | $9.4M |
总债务KREFMSS
| Q4 25 | — | $2.6M | ||
| Q3 25 | — | $2.6M | ||
| Q2 25 | — | $2.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.5M | ||
| Q2 24 | — | $2.6M | ||
| Q1 24 | — | $2.6M |
股东权益KREFMSS
| Q4 25 | $1.2B | $11.6M | ||
| Q3 25 | $1.2B | $10.1M | ||
| Q2 25 | $1.2B | $11.7M | ||
| Q1 25 | $1.3B | $12.0M | ||
| Q4 24 | $1.3B | $10.9M | ||
| Q3 24 | $1.4B | $11.2M | ||
| Q2 24 | $1.4B | $10.5M | ||
| Q1 24 | $1.4B | $13.3M |
总资产KREFMSS
| Q4 25 | $6.5B | $75.4M | ||
| Q3 25 | $6.5B | $73.3M | ||
| Q2 25 | $6.8B | $77.4M | ||
| Q1 25 | $6.6B | $82.7M | ||
| Q4 24 | $6.4B | $82.7M | ||
| Q3 24 | $6.8B | $82.1M | ||
| Q2 24 | $7.1B | $82.4M | ||
| Q1 24 | $7.3B | $44.2M |
负债/权益比KREFMSS
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.24× | ||
| Q1 24 | — | 0.19× |
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 | $72.3M | $-1.7M |
| 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KREFMSS
| Q4 25 | $72.3M | $-1.7M | ||
| Q3 25 | $18.5M | $1.1M | ||
| Q2 25 | $21.1M | $-1.6M | ||
| Q1 25 | $15.9M | $1.7M | ||
| Q4 24 | $132.6M | $1.1M | ||
| Q3 24 | $49.1M | $3.6M | ||
| Q2 24 | $30.6M | $-2.6M | ||
| Q1 24 | $34.5M | $-1.4M |
现金转化率KREFMSS
| Q4 25 | — | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.66× | ||
| Q4 24 | 6.54× | — | ||
| Q3 24 | — | 5.12× | ||
| Q2 24 | 1.19× | — | ||
| Q1 24 | — | — |
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
KREF
暂无分部数据
MSS
| Perishables | $14.4M | 52% |
| Nonperishables | $13.2M | 48% |
