vs
KKR Real Estate Finance Trust Inc.（KREF）与PETMED EXPRESS INC（PETS）财务数据对比。点击上方公司名可切换其他公司
PETMED EXPRESS INC的季度营收约是KKR Real Estate Finance Trust Inc.的1.6倍（$40.7M vs $25.8M），PETMED EXPRESS INC净利率更高（-26.0% vs -101.7%，领先75.8%），PETMED EXPRESS INC同比增速更快（-23.3% vs -26.6%），过去两年KKR Real Estate Finance Trust Inc.的营收复合增速更高（-18.8% vs -20.9%）
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。
PetMed Express，也叫PetMeds，是总部位于美国的线上宠物药房。该企业公开上市，主营宠物处方及非处方药物销售业务，是北美知名的宠物医药线上零售平台。
KREF vs PETS — 直观对比
营收规模更大
PETS
是对方的1.6倍
$25.8M
营收增速更快
PETS
高出3.3%
-26.6%
净利率更高
PETS
高出75.8%
-101.7%
两年增速更快
KREF
近两年复合增速
-20.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $40.7M |
| 净利润 | $-26.2M | $-10.6M |
| 毛利率 | — | 23.3% |
| 营业利润率 | -105.1% | -25.7% |
| 净利率 | -101.7% | -26.0% |
| 营收同比 | -26.6% | -23.3% |
| 净利润同比 | -229.6% | -1392.6% |
| 每股收益（稀释后） | $-0.49 | $-0.50 |
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KREFPETS
| Q4 25 | $25.8M | $40.7M | ||
| Q3 25 | $25.3M | $44.4M | ||
| Q2 25 | $30.2M | $51.2M | ||
| Q1 25 | $31.3M | $50.8M | ||
| Q4 24 | $35.1M | $52.0M | ||
| Q3 24 | $37.0M | $58.0M | ||
| Q2 24 | $40.4M | $66.2M | ||
| Q1 24 | $39.1M | $65.1M |
净利润KREFPETS
| Q4 25 | $-26.2M | $-10.6M | ||
| Q3 25 | $13.8M | $-8.5M | ||
| Q2 25 | $-29.7M | $-34.2M | ||
| Q1 25 | $-4.9M | $-11.6M | ||
| Q4 24 | $20.3M | $-707.0K | ||
| Q3 24 | $-7.4M | $2.3M | ||
| Q2 24 | $25.8M | $3.8M | ||
| Q1 24 | $-3.1M | $-5.0M |
毛利率KREFPETS
| Q4 25 | — | 23.3% | ||
| Q3 25 | — | 28.0% | ||
| Q2 25 | — | 28.1% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 31.0% | ||
| Q3 24 | — | 32.3% | ||
| Q2 24 | — | 28.8% | ||
| Q1 24 | — | 29.3% |
营业利润率KREFPETS
| Q4 25 | -105.1% | -25.7% | ||
| Q3 25 | 50.4% | -18.9% | ||
| Q2 25 | -101.3% | -66.7% | ||
| Q1 25 | -18.3% | -11.9% | ||
| Q4 24 | 55.8% | -0.9% | ||
| Q3 24 | -19.6% | 1.0% | ||
| Q2 24 | 63.3% | 6.6% | ||
| Q1 24 | -8.7% | -5.9% |
净利率KREFPETS
| Q4 25 | -101.7% | -26.0% | ||
| Q3 25 | 54.4% | -19.2% | ||
| Q2 25 | -98.5% | -66.7% | ||
| Q1 25 | -15.5% | -22.9% | ||
| Q4 24 | 57.7% | -1.4% | ||
| Q3 24 | -20.0% | 4.0% | ||
| Q2 24 | 63.9% | 5.7% | ||
| Q1 24 | -7.9% | -7.7% |
每股收益（稀释后）KREFPETS
| Q4 25 | $-0.49 | $-0.50 | ||
| Q3 25 | $0.12 | $-0.41 | ||
| Q2 25 | $-0.53 | $-1.65 | ||
| Q1 25 | $-0.15 | $-0.56 | ||
| Q4 24 | $0.22 | $-0.03 | ||
| Q3 24 | $-0.19 | $0.11 | ||
| Q2 24 | $0.29 | $0.18 | ||
| Q1 24 | $-0.13 | $-0.24 |
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 | $26.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $32.8M |
| 总资产 | $6.5B | $88.0M |
| 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KREFPETS
| Q4 25 | $84.6M | $26.9M | ||
| Q3 25 | $204.1M | $36.1M | ||
| Q2 25 | $107.7M | $41.1M | ||
| Q1 25 | $106.4M | $54.7M | ||
| Q4 24 | $104.9M | $50.1M | ||
| Q3 24 | $108.8M | $52.0M | ||
| Q2 24 | $107.2M | $46.0M | ||
| Q1 24 | $106.5M | $55.3M |
股东权益KREFPETS
| Q4 25 | $1.2B | $32.8M | ||
| Q3 25 | $1.2B | $43.1M | ||
| Q2 25 | $1.2B | $51.5M | ||
| Q1 25 | $1.3B | $85.1M | ||
| Q4 24 | $1.3B | $96.2M | ||
| Q3 24 | $1.4B | $96.4M | ||
| Q2 24 | $1.4B | $93.5M | ||
| Q1 24 | $1.4B | $96.7M |
总资产KREFPETS
| Q4 25 | $6.5B | $88.0M | ||
| Q3 25 | $6.5B | $100.3M | ||
| Q2 25 | $6.8B | $109.8M | ||
| Q1 25 | $6.6B | $148.7M | ||
| Q4 24 | $6.4B | $144.8M | ||
| Q3 24 | $6.8B | $146.0M | ||
| Q2 24 | $7.1B | $152.7M | ||
| Q1 24 | $7.3B | $169.9M |
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 | $-9.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-9.2M |
| 自由现金流率自由现金流/营收 | — | -22.7% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 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 | — | $-23.0M |
8季度趋势，按日历期对齐
经营现金流KREFPETS
| Q4 25 | $72.3M | $-9.2M | ||
| Q3 25 | $18.5M | $-2.2M | ||
| Q2 25 | $21.1M | $-12.3M | ||
| Q1 25 | $15.9M | $7.0M | ||
| Q4 24 | $132.6M | $-1.2M | ||
| Q3 24 | $49.1M | $7.4M | ||
| Q2 24 | $30.6M | $-8.5M | ||
| Q1 24 | $34.5M | $7.1M |
自由现金流KREFPETS
| Q4 25 | — | $-9.2M | ||
| Q3 25 | — | $-4.8M | ||
| Q2 25 | — | $-13.6M | ||
| Q1 25 | — | $4.6M | ||
| Q4 24 | — | $-1.9M | ||
| Q3 24 | — | $6.1M | ||
| Q2 24 | — | $-9.2M | ||
| Q1 24 | — | $5.9M |
自由现金流率KREFPETS
| Q4 25 | — | -22.7% | ||
| Q3 25 | — | -10.8% | ||
| Q2 25 | — | -26.5% | ||
| Q1 25 | — | 9.1% | ||
| Q4 24 | — | -3.7% | ||
| Q3 24 | — | 10.6% | ||
| Q2 24 | — | -13.9% | ||
| Q1 24 | — | 9.0% |
资本支出强度KREFPETS
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.9% |
现金转化率KREFPETS
| Q4 25 | — | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.54× | — | ||
| Q3 24 | — | 3.18× | ||
| Q2 24 | 1.19× | -2.27× | ||
| 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
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
