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KKR Real Estate Finance Trust Inc.（KREF）与PRO DEX INC（PDEX）财务数据对比。点击上方公司名可切换其他公司
KKR Real Estate Finance Trust Inc.的季度营收约是PRO DEX INC的1.4倍（$25.8M vs $18.7M），PRO DEX INC净利率更高（11.7% vs -101.7%，领先113.5%），PRO DEX INC同比增速更快（11.1% vs -26.6%），过去两年PRO DEX INC的营收复合增速更高（14.3% 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。
Pro Dex Inc是一家精密制造企业，主要为医疗设备原始设备制造商以及航空航天、工业领域客户生产定制机加工部件、组件和成品，核心运营市场覆盖北美地区。
KREF vs PDEX — 直观对比
营收规模更大
KREF
是对方的1.4倍
$18.7M
营收增速更快
PDEX
高出37.7%
-26.6%
净利率更高
PDEX
高出113.5%
-101.7%
两年增速更快
PDEX
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $18.7M |
| 净利润 | $-26.2M | $2.2M |
| 毛利率 | — | 30.8% |
| 营业利润率 | -105.1% | 17.5% |
| 净利率 | -101.7% | 11.7% |
| 营收同比 | -26.6% | 11.1% |
| 净利润同比 | -229.6% | 7.2% |
| 每股收益（稀释后） | $-0.49 | $0.66 |
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KREFPDEX
| Q4 25 | $25.8M | $18.7M | ||
| Q3 25 | $25.3M | $18.5M | ||
| Q2 25 | $30.2M | $17.5M | ||
| Q1 25 | $31.3M | $17.4M | ||
| Q4 24 | $35.1M | $16.8M | ||
| Q3 24 | $37.0M | $14.9M | ||
| Q2 24 | $40.4M | $15.0M | ||
| Q1 24 | $39.1M | $14.3M |
净利润KREFPDEX
| Q4 25 | $-26.2M | $2.2M | ||
| Q3 25 | $13.8M | $4.7M | ||
| Q2 25 | $-29.7M | $1.2M | ||
| Q1 25 | $-4.9M | $3.3M | ||
| Q4 24 | $20.3M | $2.0M | ||
| Q3 24 | $-7.4M | $2.5M | ||
| Q2 24 | $25.8M | $1.6M | ||
| Q1 24 | $-3.1M | $655.0K |
毛利率KREFPDEX
| Q4 25 | — | 30.8% | ||
| Q3 25 | — | 29.0% | ||
| Q2 25 | — | 19.9% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | — | 30.2% | ||
| Q3 24 | — | 34.6% | ||
| Q2 24 | — | 27.2% | ||
| Q1 24 | — | 28.0% |
营业利润率KREFPDEX
| Q4 25 | -105.1% | 17.5% | ||
| Q3 25 | 50.4% | 16.8% | ||
| Q2 25 | -101.3% | 7.7% | ||
| Q1 25 | -18.3% | 20.9% | ||
| Q4 24 | 55.8% | 16.0% | ||
| Q3 24 | -19.6% | 20.2% | ||
| Q2 24 | 63.3% | 15.6% | ||
| Q1 24 | -8.7% | 15.5% |
净利率KREFPDEX
| Q4 25 | -101.7% | 11.7% | ||
| Q3 25 | 54.4% | 25.3% | ||
| Q2 25 | -98.5% | 6.8% | ||
| Q1 25 | -15.5% | 18.8% | ||
| Q4 24 | 57.7% | 12.1% | ||
| Q3 24 | -20.0% | 16.6% | ||
| Q2 24 | 63.9% | 10.6% | ||
| Q1 24 | -7.9% | 4.6% |
每股收益（稀释后）KREFPDEX
| Q4 25 | $-0.49 | $0.66 | ||
| Q3 25 | $0.12 | $1.40 | ||
| Q2 25 | $-0.53 | $0.33 | ||
| Q1 25 | $-0.15 | $0.98 | ||
| Q4 24 | $0.22 | $0.61 | ||
| Q3 24 | $-0.19 | $0.75 | ||
| Q2 24 | $0.29 | $0.44 | ||
| Q1 24 | $-0.13 | $0.19 |
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 | $6.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $41.6M |
| 总资产 | $6.5B | $62.3M |
| 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KREFPDEX
| Q4 25 | $84.6M | $6.1M | ||
| Q3 25 | $204.1M | $10.1M | ||
| Q2 25 | $107.7M | $6.8M | ||
| Q1 25 | $106.4M | $5.5M | ||
| Q4 24 | $104.9M | $4.7M | ||
| Q3 24 | $108.8M | $7.8M | ||
| Q2 24 | $107.2M | $6.8M | ||
| Q1 24 | $106.5M | $7.8M |
总债务KREFPDEX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $15.4M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $12.0M | ||
| Q1 24 | — | — |
股东权益KREFPDEX
| Q4 25 | $1.2B | $41.6M | ||
| Q3 25 | $1.2B | $41.5M | ||
| Q2 25 | $1.2B | $36.6M | ||
| Q1 25 | $1.3B | $35.3M | ||
| Q4 24 | $1.3B | $31.8M | ||
| Q3 24 | $1.4B | $30.9M | ||
| Q2 24 | $1.4B | $30.9M | ||
| Q1 24 | $1.4B | $30.9M |
总资产KREFPDEX
| Q4 25 | $6.5B | $62.3M | ||
| Q3 25 | $6.5B | $64.3M | ||
| Q2 25 | $6.8B | $61.2M | ||
| Q1 25 | $6.6B | $64.3M | ||
| Q4 24 | $6.4B | $60.4M | ||
| Q3 24 | $6.8B | $54.3M | ||
| Q2 24 | $7.1B | $52.5M | ||
| Q1 24 | $7.3B | $50.5M |
负债/权益比KREFPDEX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | — | — |
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 | $3.6M |
| 自由现金流经营现金流 - 资本支出 | — | $3.5M |
| 自由现金流率自由现金流/营收 | — | 18.8% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.63× |
| 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KREFPDEX
| Q4 25 | $72.3M | $3.6M | ||
| Q3 25 | $18.5M | $2.3M | ||
| Q2 25 | $21.1M | $-173.0K | ||
| Q1 25 | $15.9M | $754.0K | ||
| Q4 24 | $132.6M | $-4.2M | ||
| Q3 24 | $49.1M | $1.9M | ||
| Q2 24 | $30.6M | $1.0M | ||
| Q1 24 | $34.5M | $4.1M |
自由现金流KREFPDEX
| Q4 25 | — | $3.5M | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $574.0K | ||
| Q4 24 | — | $-4.7M | ||
| Q3 24 | — | $1.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $4.0M |
自由现金流率KREFPDEX
| Q4 25 | — | 18.8% | ||
| Q3 25 | — | 11.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | -27.9% | ||
| Q3 24 | — | 9.8% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 27.7% |
资本支出强度KREFPDEX
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.8% |
现金转化率KREFPDEX
| Q4 25 | — | 1.63× | ||
| Q3 25 | 1.34× | 0.49× | ||
| Q2 25 | — | -0.14× | ||
| Q1 25 | — | 0.23× | ||
| Q4 24 | 6.54× | -2.03× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | 1.19× | 0.66× | ||
| Q1 24 | — | 6.22× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
