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KKR Real Estate Finance Trust Inc.（KREF）与SolarMax Technology, Inc.（SMXT）财务数据对比。点击上方公司名可切换其他公司
SolarMax Technology, Inc.的季度营收约是KKR Real Estate Finance Trust Inc.的1.8倍（$46.6M vs $25.8M），SolarMax Technology, Inc.净利率更高（-1.9% vs -101.7%，领先99.9%），SolarMax Technology, Inc.同比增速更快（623.5% vs -26.6%）
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。
SolarMax Technology Inc.是一家可再生能源企业，主营高效光伏组件及清洁能源系统的研发、生产与销售，面向北美及亚太地区的住宅、工商业客户提供太阳能安装及售后运维服务，推动低碳能源普及。
KREF vs SMXT — 直观对比
营收规模更大
SMXT
是对方的1.8倍
$25.8M
营收增速更快
SMXT
高出650.1%
-26.6%
净利率更高
SMXT
高出99.9%
-101.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $46.6M |
| 净利润 | $-26.2M | $-872.2K |
| 毛利率 | — | 2.7% |
| 营业利润率 | -105.1% | -2.7% |
| 净利率 | -101.7% | -1.9% |
| 营收同比 | -26.6% | 623.5% |
| 净利润同比 | -229.6% | 77.7% |
| 每股收益（稀释后） | $-0.49 | $-0.02 |
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KREFSMXT
| Q4 25 | $25.8M | $46.6M | ||
| Q3 25 | $25.3M | $30.6M | ||
| Q2 25 | $30.2M | $6.9M | ||
| Q1 25 | $31.3M | $6.9M | ||
| Q4 24 | $35.1M | $6.4M | ||
| Q3 24 | $37.0M | $6.3M | ||
| Q2 24 | $40.4M | — | ||
| Q1 24 | $39.1M | — |
净利润KREFSMXT
| Q4 25 | $-26.2M | $-872.2K | ||
| Q3 25 | $13.8M | $-2.3M | ||
| Q2 25 | $-29.7M | $-1.9M | ||
| Q1 25 | $-4.9M | $-1.3M | ||
| Q4 24 | $20.3M | $-3.9M | ||
| Q3 24 | $-7.4M | $-9.6M | ||
| Q2 24 | $25.8M | — | ||
| Q1 24 | $-3.1M | — |
毛利率KREFSMXT
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 20.5% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率KREFSMXT
| Q4 25 | -105.1% | -2.7% | ||
| Q3 25 | 50.4% | -6.9% | ||
| Q2 25 | -101.3% | -25.7% | ||
| Q1 25 | -18.3% | -16.7% | ||
| Q4 24 | 55.8% | -27.9% | ||
| Q3 24 | -19.6% | -158.4% | ||
| Q2 24 | 63.3% | — | ||
| Q1 24 | -8.7% | — |
净利率KREFSMXT
| Q4 25 | -101.7% | -1.9% | ||
| Q3 25 | 54.4% | -7.4% | ||
| Q2 25 | -98.5% | -27.6% | ||
| Q1 25 | -15.5% | -18.7% | ||
| Q4 24 | 57.7% | -60.6% | ||
| Q3 24 | -20.0% | -152.0% | ||
| Q2 24 | 63.9% | — | ||
| Q1 24 | -7.9% | — |
每股收益（稀释后）KREFSMXT
| Q4 25 | $-0.49 | $-0.02 | ||
| Q3 25 | $0.12 | $-0.04 | ||
| Q2 25 | $-0.53 | $-0.04 | ||
| Q1 25 | $-0.15 | $-0.03 | ||
| Q4 24 | $0.22 | $-0.07 | ||
| Q3 24 | $-0.19 | $-0.21 | ||
| Q2 24 | $0.29 | — | ||
| Q1 24 | $-0.13 | — |
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 | $8.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $-12.2M |
| 总资产 | $6.5B | $91.3M |
| 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KREFSMXT
| Q4 25 | $84.6M | $8.0M | ||
| Q3 25 | $204.1M | $5.7M | ||
| Q2 25 | $107.7M | $1.9M | ||
| Q1 25 | $106.4M | $6.8M | ||
| Q4 24 | $104.9M | $7.1M | ||
| Q3 24 | $108.8M | $8.6M | ||
| Q2 24 | $107.2M | — | ||
| Q1 24 | $106.5M | — |
股东权益KREFSMXT
| Q4 25 | $1.2B | $-12.2M | ||
| Q3 25 | $1.2B | $-11.8M | ||
| Q2 25 | $1.2B | $-15.1M | ||
| Q1 25 | $1.3B | $-15.9M | ||
| Q4 24 | $1.3B | $-15.1M | ||
| Q3 24 | $1.4B | $-10.9M | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
总资产KREFSMXT
| Q4 25 | $6.5B | $91.3M | ||
| Q3 25 | $6.5B | $58.7M | ||
| Q2 25 | $6.8B | $38.2M | ||
| Q1 25 | $6.6B | $38.6M | ||
| Q4 24 | $6.4B | $38.6M | ||
| Q3 24 | $6.8B | $43.0M | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $7.3B | — |
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 | $-2.5M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流KREFSMXT
| Q4 25 | $72.3M | $-2.5M | ||
| Q3 25 | $18.5M | $3.4M | ||
| Q2 25 | $21.1M | $220.7K | ||
| Q1 25 | $15.9M | $-601.1K | ||
| Q4 24 | $132.6M | $-1.3M | ||
| Q3 24 | $49.1M | $203.6K | ||
| Q2 24 | $30.6M | — | ||
| Q1 24 | $34.5M | — |
资本支出强度KREFSMXT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率KREFSMXT
| 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
业务分部营收拆解
KREF
暂无分部数据
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
