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KKR Real Estate Finance Trust Inc.（KREF）与Neuronetics, Inc.（STIM）财务数据对比。点击上方公司名可切换其他公司
Neuronetics, Inc.的季度营收约是KKR Real Estate Finance Trust Inc.的1.6倍（$41.8M vs $25.8M），Neuronetics, Inc.净利率更高（-17.2% vs -101.7%，领先84.5%），Neuronetics, Inc.同比增速更快（85.7% vs -26.6%），过去两年Neuronetics, Inc.的营收复合增速更高（54.9% 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。
Neuronetics, Inc.是一家总部位于宾夕法尼亚州莫尔文的上市公司，2003年4月于特拉华州成立，专注研发神经调节技术相关产品，为传统治疗无效或耐药的精神疾病提供无创治疗方案。
KREF vs STIM — 直观对比
营收规模更大
STIM
是对方的1.6倍
$25.8M
营收增速更快
STIM
高出112.3%
-26.6%
净利率更高
STIM
高出84.5%
-101.7%
两年增速更快
STIM
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $41.8M |
| 净利润 | $-26.2M | $-7.2M |
| 毛利率 | — | 52.0% |
| 营业利润率 | -105.1% | -12.1% |
| 净利率 | -101.7% | -17.2% |
| 营收同比 | -26.6% | 85.7% |
| 净利润同比 | -229.6% | 43.2% |
| 每股收益（稀释后） | $-0.49 | $-0.10 |
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KREFSTIM
| Q4 25 | $25.8M | $41.8M | ||
| Q3 25 | $25.3M | $37.3M | ||
| Q2 25 | $30.2M | $38.1M | ||
| Q1 25 | $31.3M | $32.0M | ||
| Q4 24 | $35.1M | $22.5M | ||
| Q3 24 | $37.0M | $18.5M | ||
| Q2 24 | $40.4M | $16.4M | ||
| Q1 24 | $39.1M | $17.4M |
净利润KREFSTIM
| Q4 25 | $-26.2M | $-7.2M | ||
| Q3 25 | $13.8M | $-9.0M | ||
| Q2 25 | $-29.7M | $-10.1M | ||
| Q1 25 | $-4.9M | $-12.7M | ||
| Q4 24 | $20.3M | $-12.7M | ||
| Q3 24 | $-7.4M | $-13.3M | ||
| Q2 24 | $25.8M | $-9.8M | ||
| Q1 24 | $-3.1M | $-7.9M |
毛利率KREFSTIM
| Q4 25 | — | 52.0% | ||
| Q3 25 | — | 45.9% | ||
| Q2 25 | — | 46.6% | ||
| Q1 25 | — | 49.2% | ||
| Q4 24 | — | 66.2% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 74.0% | ||
| Q1 24 | — | 75.1% |
营业利润率KREFSTIM
| Q4 25 | -105.1% | -12.1% | ||
| Q3 25 | 50.4% | -19.6% | ||
| Q2 25 | -101.3% | -21.1% | ||
| Q1 25 | -18.3% | -34.4% | ||
| Q4 24 | 55.8% | -51.0% | ||
| Q3 24 | -19.6% | -41.7% | ||
| Q2 24 | 63.3% | -51.7% | ||
| Q1 24 | -8.7% | -39.4% |
净利率KREFSTIM
| Q4 25 | -101.7% | -17.2% | ||
| Q3 25 | 54.4% | -24.3% | ||
| Q2 25 | -98.5% | -26.6% | ||
| Q1 25 | -15.5% | -39.6% | ||
| Q4 24 | 57.7% | -56.4% | ||
| Q3 24 | -20.0% | -72.0% | ||
| Q2 24 | 63.9% | -59.8% | ||
| Q1 24 | -7.9% | -45.2% |
每股收益（稀释后）KREFSTIM
| Q4 25 | $-0.49 | $-0.10 | ||
| Q3 25 | $0.12 | $-0.13 | ||
| Q2 25 | $-0.53 | $-0.15 | ||
| Q1 25 | $-0.15 | $-0.21 | ||
| Q4 24 | $0.22 | $-0.34 | ||
| Q3 24 | $-0.19 | $-0.44 | ||
| Q2 24 | $0.29 | $-0.33 | ||
| Q1 24 | $-0.13 | $-0.27 |
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 | $28.1M |
| 总债务越低越好 | — | $65.8M |
| 股东权益账面价值 | $1.2B | $22.4M |
| 总资产 | $6.5B | $141.6M |
| 负债/权益比越低杠杆越低 | — | 2.94× |
8季度趋势，按日历期对齐
现金及短期投资KREFSTIM
| Q4 25 | $84.6M | $28.1M | ||
| Q3 25 | $204.1M | $28.0M | ||
| Q2 25 | $107.7M | $11.0M | ||
| Q1 25 | $106.4M | $20.2M | ||
| Q4 24 | $104.9M | $18.5M | ||
| Q3 24 | $108.8M | $20.9M | ||
| Q2 24 | $107.2M | $42.6M | ||
| Q1 24 | $106.5M | $47.7M |
总债务KREFSTIM
| Q4 25 | — | $65.8M | ||
| Q3 25 | — | $65.7M | ||
| Q2 25 | — | $55.5M | ||
| Q1 25 | — | $55.3M | ||
| Q4 24 | — | $55.2M | ||
| Q3 24 | — | $46.0M | ||
| Q2 24 | — | $59.8M | ||
| Q1 24 | — | $59.4M |
股东权益KREFSTIM
| Q4 25 | $1.2B | $22.4M | ||
| Q3 25 | $1.2B | $27.4M | ||
| Q2 25 | $1.2B | $27.1M | ||
| Q1 25 | $1.3B | $35.5M | ||
| Q4 24 | $1.3B | $27.7M | ||
| Q3 24 | $1.4B | $9.4M | ||
| Q2 24 | $1.4B | $19.4M | ||
| Q1 24 | $1.4B | $27.7M |
总资产KREFSTIM
| Q4 25 | $6.5B | $141.6M | ||
| Q3 25 | $6.5B | $145.5M | ||
| Q2 25 | $6.8B | $134.7M | ||
| Q1 25 | $6.6B | $142.0M | ||
| Q4 24 | $6.4B | $140.9M | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $7.1B | $96.8M | ||
| Q1 24 | $7.3B | $103.8M |
负债/权益比KREFSTIM
| Q4 25 | — | 2.94× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | — | 2.05× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | — | 4.90× | ||
| Q2 24 | — | 3.08× | ||
| Q1 24 | — | 2.15× |
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 | $908.0K |
| 自由现金流经营现金流 - 资本支出 | — | $692.0K |
| 自由现金流率自由现金流/营收 | — | 1.7% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 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 | — | $-21.2M |
8季度趋势，按日历期对齐
经营现金流KREFSTIM
| Q4 25 | $72.3M | $908.0K | ||
| Q3 25 | $18.5M | $-785.0K | ||
| Q2 25 | $21.1M | $-3.5M | ||
| Q1 25 | $15.9M | $-17.0M | ||
| Q4 24 | $132.6M | $-8.6M | ||
| Q3 24 | $49.1M | $-5.4M | ||
| Q2 24 | $30.6M | $-5.0M | ||
| Q1 24 | $34.5M | $-12.0M |
自由现金流KREFSTIM
| Q4 25 | — | $692.0K | ||
| Q3 25 | — | $-899.0K | ||
| Q2 25 | — | $-3.8M | ||
| Q1 25 | — | $-17.2M | ||
| Q4 24 | — | $-8.7M | ||
| Q3 24 | — | $-5.8M | ||
| Q2 24 | — | $-5.6M | ||
| Q1 24 | — | $-12.4M |
自由现金流率KREFSTIM
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | -2.4% | ||
| Q2 25 | — | -9.9% | ||
| Q1 25 | — | -53.8% | ||
| Q4 24 | — | -38.6% | ||
| Q3 24 | — | -31.3% | ||
| Q2 24 | — | -34.0% | ||
| Q1 24 | — | -71.1% |
资本支出强度KREFSTIM
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 3.7% | ||
| Q1 24 | — | 2.2% |
现金转化率KREFSTIM
| 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
