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KKR Real Estate Finance Trust Inc.（KREF）与SANDRIDGE ENERGY INC（SD）财务数据对比。点击上方公司名可切换其他公司
SANDRIDGE ENERGY INC的季度营收约是KKR Real Estate Finance Trust Inc.的1.5倍（$39.4M vs $25.8M），SANDRIDGE ENERGY INC净利率更高（54.9% vs -101.7%，领先156.7%），SANDRIDGE ENERGY INC同比增速更快（1.1% vs -26.6%），过去两年SANDRIDGE ENERGY INC的营收复合增速更高（14.1% 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。
桑德里奇能源公司是一家专注于油气勘探开发的能源企业，核心业务区域位于美国中大陆地区。公司依照特拉华州法律注册设立，总部设于俄克拉荷马州俄克拉荷马城，是北美本土颇具影响力的独立油气生产商。
KREF vs SD — 直观对比
营收规模更大
SD
是对方的1.5倍
$25.8M
营收增速更快
SD
高出27.7%
-26.6%
净利率更高
SD
高出156.7%
-101.7%
两年增速更快
SD
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $39.4M |
| 净利润 | $-26.2M | $21.6M |
| 毛利率 | — | — |
| 营业利润率 | -105.1% | 38.5% |
| 净利率 | -101.7% | 54.9% |
| 营收同比 | -26.6% | 1.1% |
| 净利润同比 | -229.6% | 23.1% |
| 每股收益（稀释后） | $-0.49 | $0.59 |
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KREFSD
| Q4 25 | $25.8M | $39.4M | ||
| Q3 25 | $25.3M | $39.8M | ||
| Q2 25 | $30.2M | $34.5M | ||
| Q1 25 | $31.3M | $42.6M | ||
| Q4 24 | $35.1M | $39.0M | ||
| Q3 24 | $37.0M | $30.1M | ||
| Q2 24 | $40.4M | $26.0M | ||
| Q1 24 | $39.1M | $30.3M |
净利润KREFSD
| Q4 25 | $-26.2M | $21.6M | ||
| Q3 25 | $13.8M | $16.0M | ||
| Q2 25 | $-29.7M | $19.6M | ||
| Q1 25 | $-4.9M | $13.0M | ||
| Q4 24 | $20.3M | $17.6M | ||
| Q3 24 | $-7.4M | $25.5M | ||
| Q2 24 | $25.8M | $8.8M | ||
| Q1 24 | $-3.1M | $11.1M |
营业利润率KREFSD
| Q4 25 | -105.1% | 38.5% | ||
| Q3 25 | 50.4% | 37.8% | ||
| Q2 25 | -101.3% | 53.7% | ||
| Q1 25 | -18.3% | 28.6% | ||
| Q4 24 | 55.8% | 25.9% | ||
| Q3 24 | -19.6% | 28.3% | ||
| Q2 24 | 63.3% | 23.9% | ||
| Q1 24 | -8.7% | 27.8% |
净利率KREFSD
| Q4 25 | -101.7% | 54.9% | ||
| Q3 25 | 54.4% | 40.1% | ||
| Q2 25 | -98.5% | 56.6% | ||
| Q1 25 | -15.5% | 30.6% | ||
| Q4 24 | 57.7% | 45.1% | ||
| Q3 24 | -20.0% | 84.8% | ||
| Q2 24 | 63.9% | 33.9% | ||
| Q1 24 | -7.9% | 36.7% |
每股收益（稀释后）KREFSD
| Q4 25 | $-0.49 | $0.59 | ||
| Q3 25 | $0.12 | $0.43 | ||
| Q2 25 | $-0.53 | $0.53 | ||
| Q1 25 | $-0.15 | $0.35 | ||
| Q4 24 | $0.22 | $0.46 | ||
| Q3 24 | $-0.19 | $0.69 | ||
| Q2 24 | $0.29 | $0.24 | ||
| Q1 24 | $-0.13 | $0.30 |
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 | $111.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $510.9M |
| 总资产 | $6.5B | $644.0M |
| 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KREFSD
| Q4 25 | $84.6M | $111.0M | ||
| Q3 25 | $204.1M | $101.2M | ||
| Q2 25 | $107.7M | $102.8M | ||
| Q1 25 | $106.4M | $99.7M | ||
| Q4 24 | $104.9M | $98.1M | ||
| Q3 24 | $108.8M | $92.7M | ||
| Q2 24 | $107.2M | $209.9M | ||
| Q1 24 | $106.5M | $207.0M |
股东权益KREFSD
| Q4 25 | $1.2B | $510.9M | ||
| Q3 25 | $1.2B | $492.4M | ||
| Q2 25 | $1.2B | $480.2M | ||
| Q1 25 | $1.3B | $464.9M | ||
| Q4 24 | $1.3B | $460.5M | ||
| Q3 24 | $1.4B | $446.8M | ||
| Q2 24 | $1.4B | $424.8M | ||
| Q1 24 | $1.4B | $419.7M |
总资产KREFSD
| Q4 25 | $6.5B | $644.0M | ||
| Q3 25 | $6.5B | $619.0M | ||
| Q2 25 | $6.8B | $602.3M | ||
| Q1 25 | $6.6B | $588.3M | ||
| Q4 24 | $6.4B | $581.5M | ||
| Q3 24 | $6.8B | $565.2M | ||
| Q2 24 | $7.1B | $529.6M | ||
| Q1 24 | $7.3B | $527.4M |
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 | $31.7M |
| 自由现金流经营现金流 - 资本支出 | — | $14.4M |
| 自由现金流率自由现金流/营收 | — | 36.6% |
| 资本支出强度资本支出/营收 | — | 43.8% |
| 现金转化率经营现金流/净利润 | — | 1.46× |
| 过去12个月自由现金流最近4个季度 | — | $41.5M |
8季度趋势，按日历期对齐
经营现金流KREFSD
| Q4 25 | $72.3M | $31.7M | ||
| Q3 25 | $18.5M | $25.3M | ||
| Q2 25 | $21.1M | $22.9M | ||
| Q1 25 | $15.9M | $20.3M | ||
| Q4 24 | $132.6M | $26.0M | ||
| Q3 24 | $49.1M | $20.8M | ||
| Q2 24 | $30.6M | $11.4M | ||
| Q1 24 | $34.5M | $15.7M |
自由现金流KREFSD
| Q4 25 | — | $14.4M | ||
| Q3 25 | — | $5.9M | ||
| Q2 25 | — | $7.3M | ||
| Q1 25 | — | $13.9M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | — | $10.8M | ||
| Q2 24 | — | $9.0M | ||
| Q1 24 | — | $14.6M |
自由现金流率KREFSD
| Q4 25 | — | 36.6% | ||
| Q3 25 | — | 14.9% | ||
| Q2 25 | — | 21.0% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 33.8% | ||
| Q3 24 | — | 36.1% | ||
| Q2 24 | — | 34.5% | ||
| Q1 24 | — | 48.1% |
资本支出强度KREFSD
| Q4 25 | — | 43.8% | ||
| Q3 25 | — | 48.6% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 32.9% | ||
| Q3 24 | — | 33.3% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 3.7% |
现金转化率KREFSD
| Q4 25 | — | 1.46× | ||
| Q3 25 | 1.34× | 1.58× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | 6.54× | 1.48× | ||
| Q3 24 | — | 0.82× | ||
| Q2 24 | 1.19× | 1.30× | ||
| Q1 24 | — | 1.41× |
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
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
