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KKR Real Estate Finance Trust Inc.（KREF）与NAPCO SECURITY TECHNOLOGIES, INC（NSSC）财务数据对比。点击上方公司名可切换其他公司
NAPCO SECURITY TECHNOLOGIES, INC的季度营收约是KKR Real Estate Finance Trust Inc.的1.9倍（$48.2M vs $25.8M），NAPCO SECURITY TECHNOLOGIES, INC净利率更高（28.0% vs -101.7%，领先129.8%），NAPCO SECURITY TECHNOLOGIES, INC同比增速更快（12.2% vs -26.6%），过去两年NAPCO SECURITY TECHNOLOGIES, INC的营收复合增速更高（-1.1% 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。
纳普科安全技术公司1969年成立，总部位于纽约阿米蒂维尔，核心业务为研发生产各类安全产品，包括电子锁具、安防警报系统以及楼宇出入管控系统，曾用名纳普科安全系统公司。
KREF vs NSSC — 直观对比
营收规模更大
NSSC
是对方的1.9倍
$25.8M
营收增速更快
NSSC
高出38.8%
-26.6%
净利率更高
NSSC
高出129.8%
-101.7%
两年增速更快
NSSC
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $48.2M |
| 净利润 | $-26.2M | $13.5M |
| 毛利率 | — | 58.6% |
| 营业利润率 | -105.1% | 30.6% |
| 净利率 | -101.7% | 28.0% |
| 营收同比 | -26.6% | 12.2% |
| 净利润同比 | -229.6% | 29.0% |
| 每股收益（稀释后） | $-0.49 | $0.38 |
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KREFNSSC
| Q4 25 | $25.8M | $48.2M | ||
| Q3 25 | $25.3M | $49.2M | ||
| Q2 25 | $30.2M | $50.7M | ||
| Q1 25 | $31.3M | $44.0M | ||
| Q4 24 | $35.1M | $42.9M | ||
| Q3 24 | $37.0M | $44.0M | ||
| Q2 24 | $40.4M | $50.3M | ||
| Q1 24 | $39.1M | $49.3M |
净利润KREFNSSC
| Q4 25 | $-26.2M | $13.5M | ||
| Q3 25 | $13.8M | $12.2M | ||
| Q2 25 | $-29.7M | $11.6M | ||
| Q1 25 | $-4.9M | $10.1M | ||
| Q4 24 | $20.3M | $10.5M | ||
| Q3 24 | $-7.4M | $11.2M | ||
| Q2 24 | $25.8M | $13.5M | ||
| Q1 24 | $-3.1M | $13.2M |
毛利率KREFNSSC
| Q4 25 | — | 58.6% | ||
| Q3 25 | — | 56.6% | ||
| Q2 25 | — | 52.8% | ||
| Q1 25 | — | 57.2% | ||
| Q4 24 | — | 57.0% | ||
| Q3 24 | — | 55.9% | ||
| Q2 24 | — | 55.3% | ||
| Q1 24 | — | 53.8% |
营业利润率KREFNSSC
| Q4 25 | -105.1% | 30.6% | ||
| Q3 25 | 50.4% | 27.7% | ||
| Q2 25 | -101.3% | 23.8% | ||
| Q1 25 | -18.3% | 25.4% | ||
| Q4 24 | 55.8% | 26.0% | ||
| Q3 24 | -19.6% | 26.9% | ||
| Q2 24 | 63.3% | 27.7% | ||
| Q1 24 | -8.7% | 29.4% |
净利率KREFNSSC
| Q4 25 | -101.7% | 28.0% | ||
| Q3 25 | 54.4% | 24.7% | ||
| Q2 25 | -98.5% | 22.9% | ||
| Q1 25 | -15.5% | 23.0% | ||
| Q4 24 | 57.7% | 24.4% | ||
| Q3 24 | -20.0% | 25.4% | ||
| Q2 24 | 63.9% | 26.9% | ||
| Q1 24 | -7.9% | 26.8% |
每股收益（稀释后）KREFNSSC
| Q4 25 | $-0.49 | $0.38 | ||
| Q3 25 | $0.12 | $0.34 | ||
| Q2 25 | $-0.53 | $0.33 | ||
| Q1 25 | $-0.15 | $0.28 | ||
| Q4 24 | $0.22 | $0.28 | ||
| Q3 24 | $-0.19 | $0.30 | ||
| Q2 24 | $0.29 | $0.36 | ||
| Q1 24 | $-0.13 | $0.36 |
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 | $115.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $184.8M |
| 总资产 | $6.5B | $212.8M |
| 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KREFNSSC
| Q4 25 | $84.6M | $115.4M | ||
| Q3 25 | $204.1M | $105.8M | ||
| Q2 25 | $107.7M | $99.2M | ||
| Q1 25 | $106.4M | $89.3M | ||
| Q4 24 | $104.9M | $99.2M | ||
| Q3 24 | $108.8M | $91.3M | ||
| Q2 24 | $107.2M | $70.7M | ||
| Q1 24 | $106.5M | $60.9M |
股东权益KREFNSSC
| Q4 25 | $1.2B | $184.8M | ||
| Q3 25 | $1.2B | $176.1M | ||
| Q2 25 | $1.2B | $168.6M | ||
| Q1 25 | $1.3B | $161.5M | ||
| Q4 24 | $1.3B | $174.2M | ||
| Q3 24 | $1.4B | $178.6M | ||
| Q2 24 | $1.4B | $178.9M | ||
| Q1 24 | $1.4B | $168.2M |
总资产KREFNSSC
| Q4 25 | $6.5B | $212.8M | ||
| Q3 25 | $6.5B | $206.0M | ||
| Q2 25 | $6.8B | $198.1M | ||
| Q1 25 | $6.6B | $190.9M | ||
| Q4 24 | $6.4B | $202.7M | ||
| Q3 24 | $6.8B | $209.9M | ||
| Q2 24 | $7.1B | $207.8M | ||
| Q1 24 | $7.3B | $194.8M |
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 | $15.1M |
| 自由现金流经营现金流 - 资本支出 | — | $14.5M |
| 自由现金流率自由现金流/营收 | — | 30.1% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | — | 1.12× |
| 过去12个月自由现金流最近4个季度 | — | $53.7M |
8季度趋势，按日历期对齐
经营现金流KREFNSSC
| Q4 25 | $72.3M | $15.1M | ||
| Q3 25 | $18.5M | $11.6M | ||
| Q2 25 | $21.1M | $14.6M | ||
| Q1 25 | $15.9M | $13.4M | ||
| Q4 24 | $132.6M | $13.5M | ||
| Q3 24 | $49.1M | $12.0M | ||
| Q2 24 | $30.6M | $14.3M | ||
| Q1 24 | $34.5M | $12.3M |
自由现金流KREFNSSC
| Q4 25 | — | $14.5M | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | — | $14.4M | ||
| Q1 25 | — | $13.3M | ||
| Q4 24 | — | $12.4M | ||
| Q3 24 | — | $11.3M | ||
| Q2 24 | — | $13.8M | ||
| Q1 24 | — | $12.0M |
自由现金流率KREFNSSC
| Q4 25 | — | 30.1% | ||
| Q3 25 | — | 23.3% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | — | 28.8% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 27.4% | ||
| Q1 24 | — | 24.3% |
资本支出强度KREFNSSC
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 0.7% |
现金转化率KREFNSSC
| Q4 25 | — | 1.12× | ||
| Q3 25 | 1.34× | 0.96× | ||
| Q2 25 | — | 1.26× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | 6.54× | 1.29× | ||
| Q3 24 | — | 1.08× | ||
| Q2 24 | 1.19× | 1.06× | ||
| Q1 24 | — | 0.94× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
