vs
KKR Real Estate Finance Trust Inc.（KREF）与Stran & Company, Inc.（SWAG）财务数据对比。点击上方公司名可切换其他公司
Stran & Company, Inc.的季度营收约是KKR Real Estate Finance Trust Inc.的1.1倍（$28.9M vs $25.8M），Stran & Company, Inc.净利率更高（0.8% vs -101.7%，领先102.6%），Stran & Company, Inc.同比增速更快（7.2% vs -26.6%），过去两年Stran & Company, Inc.的营收复合增速更高（24.0% 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。
Stran & Company, Inc.是品牌促销产品、定制周边及一体化营销解决方案供应商，服务覆盖零售、医疗、科技、教育等领域企业客户，助力客户开展品牌宣传、用户运营及员工激励相关工作。
KREF vs SWAG — 直观对比
营收规模更大
SWAG
是对方的1.1倍
$25.8M
营收增速更快
SWAG
高出33.8%
-26.6%
净利率更高
SWAG
高出102.6%
-101.7%
两年增速更快
SWAG
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $28.9M |
| 净利润 | $-26.2M | $243.0K |
| 毛利率 | — | 30.4% |
| 营业利润率 | -105.1% | -0.1% |
| 净利率 | -101.7% | 0.8% |
| 营收同比 | -26.6% | 7.2% |
| 净利润同比 | -229.6% | 141.5% |
| 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KREFSWAG
| Q4 25 | $25.8M | $28.9M | ||
| Q3 25 | $25.3M | $26.0M | ||
| Q2 25 | $30.2M | $32.6M | ||
| Q1 25 | $31.3M | $28.7M | ||
| Q4 24 | $35.1M | $27.0M | ||
| Q3 24 | $37.0M | $20.1M | ||
| Q2 24 | $40.4M | $16.7M | ||
| Q1 24 | $39.1M | $18.8M |
净利润KREFSWAG
| Q4 25 | $-26.2M | $243.0K | ||
| Q3 25 | $13.8M | $-1.2M | ||
| Q2 25 | $-29.7M | $643.0K | ||
| Q1 25 | $-4.9M | $-393.0K | ||
| Q4 24 | $20.3M | $-586.0K | ||
| Q3 24 | $-7.4M | $-2.0M | ||
| Q2 24 | $25.8M | $-1.0M | ||
| Q1 24 | $-3.1M | $-491.0K |
毛利率KREFSWAG
| Q4 25 | — | 30.4% | ||
| Q3 25 | — | 27.2% | ||
| Q2 25 | — | 30.3% | ||
| Q1 25 | — | 29.6% | ||
| Q4 24 | — | 32.5% | ||
| Q3 24 | — | 29.5% | ||
| Q2 24 | — | 32.8% | ||
| Q1 24 | — | 29.8% |
营业利润率KREFSWAG
| Q4 25 | -105.1% | -0.1% | ||
| Q3 25 | 50.4% | -6.9% | ||
| Q2 25 | -101.3% | 1.2% | ||
| Q1 25 | -18.3% | -1.9% | ||
| Q4 24 | 55.8% | -3.5% | ||
| Q3 24 | -19.6% | -10.8% | ||
| Q2 24 | 63.3% | -6.6% | ||
| Q1 24 | -8.7% | -3.5% |
净利率KREFSWAG
| Q4 25 | -101.7% | 0.8% | ||
| Q3 25 | 54.4% | -4.8% | ||
| Q2 25 | -98.5% | 2.0% | ||
| Q1 25 | -15.5% | -1.4% | ||
| Q4 24 | 57.7% | -2.2% | ||
| Q3 24 | -20.0% | -10.1% | ||
| Q2 24 | 63.9% | -6.1% | ||
| Q1 24 | -7.9% | -2.6% |
每股收益（稀释后）KREFSWAG
| Q4 25 | $-0.49 | $0.02 | ||
| Q3 25 | $0.12 | $-0.07 | ||
| Q2 25 | $-0.53 | $0.03 | ||
| Q1 25 | $-0.15 | $-0.02 | ||
| Q4 24 | $0.22 | $-0.02 | ||
| Q3 24 | $-0.19 | $-0.11 | ||
| Q2 24 | $0.29 | $-0.06 | ||
| Q1 24 | $-0.13 | $-0.03 |
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 | $11.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $30.5M |
| 总资产 | $6.5B | $49.3M |
| 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KREFSWAG
| Q4 25 | $84.6M | $11.6M | ||
| Q3 25 | $204.1M | $11.8M | ||
| Q2 25 | $107.7M | $18.1M | ||
| Q1 25 | $106.4M | $12.2M | ||
| Q4 24 | $104.9M | $18.2M | ||
| Q3 24 | $108.8M | $6.9M | ||
| Q2 24 | $107.2M | $9.6M | ||
| Q1 24 | $106.5M | $10.7M |
股东权益KREFSWAG
| Q4 25 | $1.2B | $30.5M | ||
| Q3 25 | $1.2B | $30.2M | ||
| Q2 25 | $1.2B | $31.8M | ||
| Q1 25 | $1.3B | $31.3M | ||
| Q4 24 | $1.3B | $31.6M | ||
| Q3 24 | $1.4B | $32.3M | ||
| Q2 24 | $1.4B | $34.3M | ||
| Q1 24 | $1.4B | $35.2M |
总资产KREFSWAG
| Q4 25 | $6.5B | $49.3M | ||
| Q3 25 | $6.5B | $50.3M | ||
| Q2 25 | $6.8B | $61.2M | ||
| Q1 25 | $6.6B | $52.2M | ||
| Q4 24 | $6.4B | $55.1M | ||
| Q3 24 | $6.8B | $48.8M | ||
| Q2 24 | $7.1B | $46.6M | ||
| Q1 24 | $7.3B | $47.9M |
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 | $161.0K |
| 自由现金流经营现金流 - 资本支出 | — | $38.0K |
| 自由现金流率自由现金流/营收 | — | 0.1% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | 0.66× |
| 过去12个月自由现金流最近4个季度 | — | $-5.5M |
8季度趋势，按日历期对齐
经营现金流KREFSWAG
| Q4 25 | $72.3M | $161.0K | ||
| Q3 25 | $18.5M | $-5.4M | ||
| Q2 25 | $21.1M | $6.4M | ||
| Q1 25 | $15.9M | $-5.9M | ||
| Q4 24 | $132.6M | $1.3M | ||
| Q3 24 | $49.1M | $-2.7M | ||
| Q2 24 | $30.6M | $2.1M | ||
| Q1 24 | $34.5M | $2.1M |
自由现金流KREFSWAG
| Q4 25 | — | $38.0K | ||
| Q3 25 | — | $-5.9M | ||
| Q2 25 | — | $6.3M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $-2.9M | ||
| Q2 24 | — | $1.9M | ||
| Q1 24 | — | $1.9M |
自由现金流率KREFSWAG
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | -22.6% | ||
| Q2 25 | — | 19.5% | ||
| Q1 25 | — | -21.0% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | -14.3% | ||
| Q2 24 | — | 11.6% | ||
| Q1 24 | — | 9.9% |
资本支出强度KREFSWAG
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.0% |
现金转化率KREFSWAG
| Q4 25 | — | 0.66× | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | — | 9.99× | ||
| 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
SWAG
| Promotional Products Dropshipping | $11.2M | 39% |
| Casino Continuity Program | $6.9M | 24% |
| Promotional Products Company Owned Inventory | $4.6M | 16% |
| Promotional Products Bulk Dropshipping | $3.8M | 13% |
| Promotional Products Thirdparty Distributor | $1.8M | 6% |
| Other | $610.0K | 2% |
