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KKR Real Estate Finance Trust Inc.（KREF）与淘屏（TAOP）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.的季度营收约是淘屏的1.5倍（$25.8M vs $17.6M），淘屏净利率更高（-26.6% vs -101.7%，领先75.2%），淘屏同比增速更快（-2.6% 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。
淘屏有限公司是总部位于中国的科技企业，主营智能云服务、数字媒体解决方案及精准互联网广告业务，核心业务覆盖智慧城市建设支持、企业数字化转型工具及线下新零售数字运营服务，服务国内企业与公共部门客户。
KREF vs TAOP — 直观对比
营收规模更大
KREF
是对方的1.5倍
$17.6M
营收增速更快
TAOP
高出24.0%
-26.6%
净利率更高
TAOP
高出75.2%
-101.7%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $17.6M |
| 净利润 | $-26.2M | $-4.7M |
| 毛利率 | — | 10.1% |
| 营业利润率 | -105.1% | -23.8% |
| 净利率 | -101.7% | -26.6% |
| 营收同比 | -26.6% | -2.6% |
| 净利润同比 | -229.6% | -894.8% |
| 每股收益（稀释后） | $-0.49 | $-6.54 |
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KREFTAOP
| Q4 25 | $25.8M | — | ||
| Q3 25 | $25.3M | — | ||
| Q2 25 | $30.2M | $17.6M | ||
| Q1 25 | $31.3M | — | ||
| Q4 24 | $35.1M | $18.6M | ||
| Q3 24 | $37.0M | — | ||
| Q2 24 | $40.4M | $18.1M | ||
| Q1 24 | $39.1M | — |
净利润KREFTAOP
| Q4 25 | $-26.2M | — | ||
| Q3 25 | $13.8M | — | ||
| Q2 25 | $-29.7M | $-4.7M | ||
| Q1 25 | $-4.9M | — | ||
| Q4 24 | $20.3M | $-2.4M | ||
| Q3 24 | $-7.4M | — | ||
| Q2 24 | $25.8M | $588.7K | ||
| Q1 24 | $-3.1M | — |
毛利率KREFTAOP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 10.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 22.9% | ||
| Q1 24 | — | — |
营业利润率KREFTAOP
| Q4 25 | -105.1% | — | ||
| Q3 25 | 50.4% | — | ||
| Q2 25 | -101.3% | -23.8% | ||
| Q1 25 | -18.3% | — | ||
| Q4 24 | 55.8% | -8.0% | ||
| Q3 24 | -19.6% | — | ||
| Q2 24 | 63.3% | -0.7% | ||
| Q1 24 | -8.7% | — |
净利率KREFTAOP
| Q4 25 | -101.7% | — | ||
| Q3 25 | 54.4% | — | ||
| Q2 25 | -98.5% | -26.6% | ||
| Q1 25 | -15.5% | — | ||
| Q4 24 | 57.7% | -13.0% | ||
| Q3 24 | -20.0% | — | ||
| Q2 24 | 63.9% | 3.3% | ||
| Q1 24 | -7.9% | — |
每股收益（稀释后）KREFTAOP
| Q4 25 | $-0.49 | — | ||
| Q3 25 | $0.12 | — | ||
| Q2 25 | $-0.53 | $-6.54 | ||
| Q1 25 | $-0.15 | — | ||
| Q4 24 | $0.22 | $-3.58 | ||
| Q3 24 | $-0.19 | — | ||
| Q2 24 | $0.29 | $3.29 | ||
| 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 | $2.2M |
| 总债务越低越好 | — | $5.8M |
| 股东权益账面价值 | $1.2B | $14.5M |
| 总资产 | $6.5B | $30.3M |
| 负债/权益比越低杠杆越低 | — | 0.40× |
8季度趋势，按日历期对齐
现金及短期投资KREFTAOP
| Q4 25 | $84.6M | — | ||
| Q3 25 | $204.1M | — | ||
| Q2 25 | $107.7M | $2.2M | ||
| Q1 25 | $106.4M | — | ||
| Q4 24 | $104.9M | $1.6M | ||
| Q3 24 | $108.8M | — | ||
| Q2 24 | $107.2M | $480.3K | ||
| Q1 24 | $106.5M | — |
总债务KREFTAOP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $5.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益KREFTAOP
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | $14.5M | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $15.9M | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | $15.8M | ||
| Q1 24 | $1.4B | — |
总资产KREFTAOP
| Q4 25 | $6.5B | — | ||
| Q3 25 | $6.5B | — | ||
| Q2 25 | $6.8B | $30.3M | ||
| Q1 25 | $6.6B | — | ||
| Q4 24 | $6.4B | $35.1M | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $7.1B | $34.1M | ||
| Q1 24 | $7.3B | — |
负债/权益比KREFTAOP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.37× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-1.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-2.8M |
| 自由现金流率自由现金流/营收 | — | -16.0% |
| 资本支出强度资本支出/营收 | — | 7.6% |
| 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KREFTAOP
| Q4 25 | $72.3M | — | ||
| Q3 25 | $18.5M | — | ||
| Q2 25 | $21.1M | $-1.5M | ||
| Q1 25 | $15.9M | — | ||
| Q4 24 | $132.6M | $147.4K | ||
| Q3 24 | $49.1M | — | ||
| Q2 24 | $30.6M | $-2.5M | ||
| Q1 24 | $34.5M | — |
自由现金流KREFTAOP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-2.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-129.3K | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-3.3M | ||
| Q1 24 | — | — |
自由现金流率KREFTAOP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -16.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -18.3% | ||
| Q1 24 | — | — |
资本支出强度KREFTAOP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.3% | ||
| Q1 24 | — | — |
现金转化率KREFTAOP
| Q4 25 | — | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.54× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.19× | -4.30× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
