vs
KKR Real Estate Finance Trust Inc.（KREF）与ON24 INC.（ONTF）财务数据对比。点击上方公司名可切换其他公司
ON24 INC.的季度营收约是KKR Real Estate Finance Trust Inc.的1.3倍（$34.6M vs $25.8M），ON24 INC.净利率更高（-18.8% vs -101.7%，领先83.0%），ON24 INC.同比增速更快（-5.6% vs -26.6%），过去两年ON24 INC.的营收复合增速更高（-4.2% 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。
ON24 INC.是一家总部位于美国旧金山的企业，为B2B企业的营销与销售团队提供基于云的SaaS服务，开发并提供网络研讨会、虚拟会议、内容中心与着陆页应用，2023年其服务范围已扩展至生成式AI领域。
KREF vs ONTF — 直观对比
营收规模更大
ONTF
是对方的1.3倍
$25.8M
营收增速更快
ONTF
高出21.0%
-26.6%
净利率更高
ONTF
高出83.0%
-101.7%
两年增速更快
ONTF
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $34.6M |
| 净利润 | $-26.2M | $-6.5M |
| 毛利率 | — | 74.9% |
| 营业利润率 | -105.1% | -23.5% |
| 净利率 | -101.7% | -18.8% |
| 营收同比 | -26.6% | -5.6% |
| 净利润同比 | -229.6% | 26.8% |
| 每股收益（稀释后） | $-0.49 | $-0.15 |
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KREFONTF
| Q4 25 | $25.8M | $34.6M | ||
| Q3 25 | $25.3M | $34.6M | ||
| Q2 25 | $30.2M | $35.3M | ||
| Q1 25 | $31.3M | $34.7M | ||
| Q4 24 | $35.1M | $36.7M | ||
| Q3 24 | $37.0M | $36.3M | ||
| Q2 24 | $40.4M | $37.3M | ||
| Q1 24 | $39.1M | $37.7M |
净利润KREFONTF
| Q4 25 | $-26.2M | $-6.5M | ||
| Q3 25 | $13.8M | $-6.4M | ||
| Q2 25 | $-29.7M | $-7.3M | ||
| Q1 25 | $-4.9M | $-8.7M | ||
| Q4 24 | $20.3M | $-8.9M | ||
| Q3 24 | $-7.4M | $-11.4M | ||
| Q2 24 | $25.8M | $-11.2M | ||
| Q1 24 | $-3.1M | $-10.7M |
毛利率KREFONTF
| Q4 25 | — | 74.9% | ||
| Q3 25 | — | 74.7% | ||
| Q2 25 | — | 75.1% | ||
| Q1 25 | — | 73.8% | ||
| Q4 24 | — | 74.5% | ||
| Q3 24 | — | 74.3% | ||
| Q2 24 | — | 74.5% | ||
| Q1 24 | — | 74.1% |
营业利润率KREFONTF
| Q4 25 | -105.1% | -23.5% | ||
| Q3 25 | 50.4% | -23.1% | ||
| Q2 25 | -101.3% | -26.0% | ||
| Q1 25 | -18.3% | -30.1% | ||
| Q4 24 | 55.8% | -32.1% | ||
| Q3 24 | -19.6% | -36.7% | ||
| Q2 24 | 63.3% | -35.0% | ||
| Q1 24 | -8.7% | -33.1% |
净利率KREFONTF
| Q4 25 | -101.7% | -18.8% | ||
| Q3 25 | 54.4% | -18.4% | ||
| Q2 25 | -98.5% | -20.6% | ||
| Q1 25 | -15.5% | -25.1% | ||
| Q4 24 | 57.7% | -24.2% | ||
| Q3 24 | -20.0% | -31.4% | ||
| Q2 24 | 63.9% | -29.9% | ||
| Q1 24 | -7.9% | -28.4% |
每股收益（稀释后）KREFONTF
| Q4 25 | $-0.49 | $-0.15 | ||
| Q3 25 | $0.12 | $-0.15 | ||
| Q2 25 | $-0.53 | $-0.17 | ||
| Q1 25 | $-0.15 | $-0.21 | ||
| Q4 24 | $0.22 | $-0.21 | ||
| Q3 24 | $-0.19 | $-0.27 | ||
| Q2 24 | $0.29 | $-0.27 | ||
| Q1 24 | $-0.13 | $-0.26 |
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 | $37.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $139.4M |
| 总资产 | $6.5B | $228.4M |
| 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KREFONTF
| Q4 25 | $84.6M | $37.0M | ||
| Q3 25 | $204.1M | $47.2M | ||
| Q2 25 | $107.7M | $37.7M | ||
| Q1 25 | $106.4M | $26.8M | ||
| Q4 24 | $104.9M | $14.9M | ||
| Q3 24 | $108.8M | $11.0M | ||
| Q2 24 | $107.2M | $15.5M | ||
| Q1 24 | $106.5M | $18.3M |
股东权益KREFONTF
| Q4 25 | $1.2B | $139.4M | ||
| Q3 25 | $1.2B | $144.3M | ||
| Q2 25 | $1.2B | $150.0M | ||
| Q1 25 | $1.3B | $153.7M | ||
| Q4 24 | $1.3B | $159.4M | ||
| Q3 24 | $1.4B | $164.9M | ||
| Q2 24 | $1.4B | $170.8M | ||
| Q1 24 | $1.4B | $174.4M |
总资产KREFONTF
| Q4 25 | $6.5B | $228.4M | ||
| Q3 25 | $6.5B | $224.8M | ||
| Q2 25 | $6.8B | $235.1M | ||
| Q1 25 | $6.6B | $245.8M | ||
| Q4 24 | $6.4B | $251.0M | ||
| Q3 24 | $6.8B | $250.9M | ||
| Q2 24 | $7.1B | $259.0M | ||
| Q1 24 | $7.3B | $269.2M |
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 | $-1.1M |
| 自由现金流经营现金流 - 资本支出 | — | $-2.2M |
| 自由现金流率自由现金流/营收 | — | -6.4% |
| 资本支出强度资本支出/营收 | — | 3.3% |
| 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 | — | $4.0M |
8季度趋势，按日历期对齐
经营现金流KREFONTF
| Q4 25 | $72.3M | $-1.1M | ||
| Q3 25 | $18.5M | $2.5M | ||
| Q2 25 | $21.1M | $2.6M | ||
| Q1 25 | $15.9M | $3.4M | ||
| Q4 24 | $132.6M | $985.0K | ||
| Q3 24 | $49.1M | $295.0K | ||
| Q2 24 | $30.6M | $1.4M | ||
| Q1 24 | $34.5M | $2.1M |
自由现金流KREFONTF
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | $2.1M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $424.0K | ||
| Q3 24 | — | $143.0K | ||
| Q2 24 | — | $898.0K | ||
| Q1 24 | — | $1.1M |
自由现金流率KREFONTF
| Q4 25 | — | -6.4% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 5.9% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 2.9% |
资本支出强度KREFONTF
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 2.8% |
现金转化率KREFONTF
| Q4 25 | — | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.54× | — | ||
| Q3 24 | — | — | ||
| 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
