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KKR Real Estate Finance Trust Inc.（KREF）与STAAR SURGICAL CO（STAA）财务数据对比。点击上方公司名可切换其他公司
STAAR SURGICAL CO的季度营收约是KKR Real Estate Finance Trust Inc.的1.9倍（$49.0M vs $25.8M），STAAR SURGICAL CO净利率更高（-69.9% vs -101.7%，领先31.8%），KKR Real Estate Finance Trust Inc.同比增速更快（-26.6% vs -35.8%），过去两年STAAR SURGICAL CO的营收复合增速更高（-18.4% 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。
STAAR Surgical是一家专注于眼科领域的全球医疗设备企业，主营可植入式隐形眼镜（ICL）及配套眼科手术耗材，为眼科医师提供微创视力矫正解决方案，产品覆盖北美、欧洲、亚太等全球主要市场。
KREF vs STAA — 直观对比
营收规模更大
STAA
是对方的1.9倍
$25.8M
营收增速更快
KREF
高出9.2%
-35.8%
净利率更高
STAA
高出31.8%
-101.7%
两年增速更快
STAA
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q4 FY2024
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $49.0M |
| 净利润 | $-26.2M | $-34.2M |
| 毛利率 | — | 64.7% |
| 营业利润率 | -105.1% | -57.0% |
| 净利率 | -101.7% | -69.9% |
| 营收同比 | -26.6% | -35.8% |
| 净利润同比 | -229.6% | -541.3% |
| 每股收益（稀释后） | $-0.49 | $-0.69 |
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KREFSTAA
| Q4 25 | $25.8M | — | ||
| Q3 25 | $25.3M | — | ||
| Q2 25 | $30.2M | — | ||
| Q1 25 | $31.3M | — | ||
| Q4 24 | $35.1M | $49.0M | ||
| Q3 24 | $37.0M | $88.6M | ||
| Q2 24 | $40.4M | $99.0M | ||
| Q1 24 | $39.1M | $77.4M |
净利润KREFSTAA
| Q4 25 | $-26.2M | — | ||
| Q3 25 | $13.8M | — | ||
| Q2 25 | $-29.7M | — | ||
| Q1 25 | $-4.9M | — | ||
| Q4 24 | $20.3M | $-34.2M | ||
| Q3 24 | $-7.4M | $10.0M | ||
| Q2 24 | $25.8M | $7.4M | ||
| Q1 24 | $-3.1M | $-3.3M |
毛利率KREFSTAA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 64.7% | ||
| Q3 24 | — | 77.3% | ||
| Q2 24 | — | 79.2% | ||
| Q1 24 | — | 78.9% |
营业利润率KREFSTAA
| Q4 25 | -105.1% | — | ||
| Q3 25 | 50.4% | — | ||
| Q2 25 | -101.3% | — | ||
| Q1 25 | -18.3% | — | ||
| Q4 24 | 55.8% | -57.0% | ||
| Q3 24 | -19.6% | 6.4% | ||
| Q2 24 | 63.3% | 12.0% | ||
| Q1 24 | -8.7% | -2.9% |
净利率KREFSTAA
| Q4 25 | -101.7% | — | ||
| Q3 25 | 54.4% | — | ||
| Q2 25 | -98.5% | — | ||
| Q1 25 | -15.5% | — | ||
| Q4 24 | 57.7% | -69.9% | ||
| Q3 24 | -20.0% | 11.3% | ||
| Q2 24 | 63.9% | 7.5% | ||
| Q1 24 | -7.9% | -4.3% |
每股收益（稀释后）KREFSTAA
| Q4 25 | $-0.49 | — | ||
| Q3 25 | $0.12 | — | ||
| Q2 25 | $-0.53 | — | ||
| Q1 25 | $-0.15 | — | ||
| Q4 24 | $0.22 | $-0.69 | ||
| Q3 24 | $-0.19 | $0.20 | ||
| Q2 24 | $0.29 | $0.15 | ||
| Q1 24 | $-0.13 | $-0.07 |
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 | $230.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $397.3M |
| 总资产 | $6.5B | $509.5M |
| 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KREFSTAA
| Q4 25 | $84.6M | — | ||
| Q3 25 | $204.1M | — | ||
| Q2 25 | $107.7M | — | ||
| Q1 25 | $106.4M | — | ||
| Q4 24 | $104.9M | $230.5M | ||
| Q3 24 | $108.8M | $236.0M | ||
| Q2 24 | $107.2M | $235.2M | ||
| Q1 24 | $106.5M | $245.1M |
股东权益KREFSTAA
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $397.3M | ||
| Q3 24 | $1.4B | $428.1M | ||
| Q2 24 | $1.4B | $409.1M | ||
| Q1 24 | $1.4B | $392.8M |
总资产KREFSTAA
| Q4 25 | $6.5B | — | ||
| Q3 25 | $6.5B | — | ||
| Q2 25 | $6.8B | — | ||
| Q1 25 | $6.6B | — | ||
| Q4 24 | $6.4B | $509.5M | ||
| Q3 24 | $6.8B | $537.6M | ||
| Q2 24 | $7.1B | $512.7M | ||
| Q1 24 | $7.3B | $492.5M |
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 | $642.0K |
| 自由现金流经营现金流 - 资本支出 | — | $-5.1M |
| 自由现金流率自由现金流/营收 | — | -10.4% |
| 资本支出强度资本支出/营收 | — | 11.7% |
| 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 | — | $-7.7M |
8季度趋势，按日历期对齐
经营现金流KREFSTAA
| Q4 25 | $72.3M | — | ||
| Q3 25 | $18.5M | — | ||
| Q2 25 | $21.1M | — | ||
| Q1 25 | $15.9M | — | ||
| Q4 24 | $132.6M | $642.0K | ||
| Q3 24 | $49.1M | $3.8M | ||
| Q2 24 | $30.6M | $-10.4M | ||
| Q1 24 | $34.5M | $21.7M |
自由现金流KREFSTAA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-5.1M | ||
| Q3 24 | — | $-2.4M | ||
| Q2 24 | — | $-16.6M | ||
| Q1 24 | — | $16.5M |
自由现金流率KREFSTAA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -10.4% | ||
| Q3 24 | — | -2.7% | ||
| Q2 24 | — | -16.8% | ||
| Q1 24 | — | 21.3% |
资本支出强度KREFSTAA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 6.3% | ||
| Q1 24 | — | 6.7% |
现金转化率KREFSTAA
| Q4 25 | — | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.54× | — | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | 1.19× | -1.41× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
