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KKR Real Estate Finance Trust Inc.（KREF）与DNA X, Inc.（SONM）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DNA X, Inc.的1.6倍（$25.8M vs $16.2M），DNA X, Inc.净利率更高（-29.3% vs -101.7%，领先72.4%），DNA X, Inc.同比增速更快（7.9% vs -26.6%），过去两年DNA X, Inc.的营收复合增速更高（9.9% 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。
KREF vs SONM — 直观对比
营收规模更大
KREF
是对方的1.6倍
$16.2M
营收增速更快
SONM
高出34.5%
-26.6%
净利率更高
SONM
高出72.4%
-101.7%
两年增速更快
SONM
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $16.2M |
| 净利润 | $-26.2M | $-4.8M |
| 毛利率 | — | 11.2% |
| 营业利润率 | -105.1% | -24.5% |
| 净利率 | -101.7% | -29.3% |
| 营收同比 | -26.6% | 7.9% |
| 净利润同比 | -229.6% | -89.2% |
| 每股收益（稀释后） | $-0.49 | $-4.83 |
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KREFSONM
| Q4 25 | $25.8M | — | ||
| Q3 25 | $25.3M | $16.2M | ||
| Q2 25 | $30.2M | $11.2M | ||
| Q1 25 | $31.3M | $16.7M | ||
| Q4 24 | $35.1M | $15.3M | ||
| Q3 24 | $37.0M | $15.0M | ||
| Q2 24 | $40.4M | $11.5M | ||
| Q1 24 | $39.1M | $9.1M |
净利润KREFSONM
| Q4 25 | $-26.2M | — | ||
| Q3 25 | $13.8M | $-4.8M | ||
| Q2 25 | $-29.7M | $-7.5M | ||
| Q1 25 | $-4.9M | $458.0K | ||
| Q4 24 | $20.3M | $-21.6M | ||
| Q3 24 | $-7.4M | $-2.5M | ||
| Q2 24 | $25.8M | $-6.6M | ||
| Q1 24 | $-3.1M | $-2.9M |
毛利率KREFSONM
| Q4 25 | — | — | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | 50.0% | ||
| Q4 24 | — | -1.2% | ||
| Q3 24 | — | 28.2% | ||
| Q2 24 | — | 25.8% | ||
| Q1 24 | — | 31.8% |
营业利润率KREFSONM
| Q4 25 | -105.1% | — | ||
| Q3 25 | 50.4% | -24.5% | ||
| Q2 25 | -101.3% | -60.2% | ||
| Q1 25 | -18.3% | 3.9% | ||
| Q4 24 | 55.8% | 55.3% | ||
| Q3 24 | -19.6% | -15.8% | ||
| Q2 24 | 63.3% | -56.2% | ||
| Q1 24 | -8.7% | -29.5% |
净利率KREFSONM
| Q4 25 | -101.7% | — | ||
| Q3 25 | 54.4% | -29.3% | ||
| Q2 25 | -98.5% | -66.8% | ||
| Q1 25 | -15.5% | 2.7% | ||
| Q4 24 | 57.7% | -141.6% | ||
| Q3 24 | -20.0% | -16.7% | ||
| Q2 24 | 63.9% | -57.5% | ||
| Q1 24 | -7.9% | -31.9% |
每股收益（稀释后）KREFSONM
| Q4 25 | $-0.49 | — | ||
| Q3 25 | $0.12 | $-4.83 | ||
| Q2 25 | $-0.53 | $-0.79 | ||
| Q1 25 | $-0.15 | $0.08 | ||
| Q4 24 | $0.22 | $-116.99 | ||
| Q3 24 | $-0.19 | $-9.32 | ||
| Q2 24 | $0.29 | $-1.41 | ||
| Q1 24 | $-0.13 | $-0.65 |
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 | $2.1M |
| 总债务越低越好 | — | $5.1M |
| 股东权益账面价值 | $1.2B | $-701.0K |
| 总资产 | $6.5B | $40.2M |
| 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KREFSONM
| Q4 25 | $84.6M | — | ||
| Q3 25 | $204.1M | $2.1M | ||
| Q2 25 | $107.7M | $2.0M | ||
| Q1 25 | $106.4M | $2.1M | ||
| Q4 24 | $104.9M | $5.3M | ||
| Q3 24 | $108.8M | $9.1M | ||
| Q2 24 | $107.2M | $9.6M | ||
| Q1 24 | $106.5M | $9.3M |
总债务KREFSONM
| Q4 25 | — | — | ||
| Q3 25 | — | $5.1M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $2.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益KREFSONM
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $-701.0K | ||
| Q2 25 | $1.2B | $-1.3M | ||
| Q1 25 | $1.3B | $-1.1M | ||
| Q4 24 | $1.3B | $-5.7M | ||
| Q3 24 | $1.4B | $15.3M | ||
| Q2 24 | $1.4B | $17.5M | ||
| Q1 24 | $1.4B | $19.8M |
总资产KREFSONM
| Q4 25 | $6.5B | — | ||
| Q3 25 | $6.5B | $40.2M | ||
| Q2 25 | $6.8B | $36.1M | ||
| Q1 25 | $6.6B | $36.0M | ||
| Q4 24 | $6.4B | $39.7M | ||
| Q3 24 | $6.8B | $49.1M | ||
| Q2 24 | $7.1B | $45.9M | ||
| Q1 24 | $7.3B | $42.4M |
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 | $-7.0M |
| 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KREFSONM
| Q4 25 | $72.3M | — | ||
| Q3 25 | $18.5M | $-7.0M | ||
| Q2 25 | $21.1M | $-4.9M | ||
| Q1 25 | $15.9M | $-9.6M | ||
| Q4 24 | $132.6M | $-4.5M | ||
| Q3 24 | $49.1M | $-417.0K | ||
| Q2 24 | $30.6M | $-3.4M | ||
| Q1 24 | $34.5M | $-168.0K |
自由现金流KREFSONM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-4.5M | ||
| Q3 24 | — | $-554.0K | ||
| Q2 24 | — | $-3.4M | ||
| Q1 24 | — | $-198.0K |
自由现金流率KREFSONM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -29.6% | ||
| Q3 24 | — | -3.7% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -2.2% |
资本支出强度KREFSONM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
现金转化率KREFSONM
| Q4 25 | — | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -20.97× | ||
| 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
