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KKR Real Estate Finance Trust Inc.（KREF）与TELOS CORP（TLS）财务数据对比。点击上方公司名可切换其他公司
TELOS CORP的季度营收约是KKR Real Estate Finance Trust Inc.的1.8倍（$46.8M vs $25.8M），TELOS CORP净利率更高（-34.9% vs -101.7%，领先66.9%），TELOS CORP同比增速更快（77.4% vs -26.6%），过去两年TELOS CORP的营收复合增速更高（25.7% 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。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
KREF vs TLS — 直观对比
营收规模更大
TLS
是对方的1.8倍
$25.8M
营收增速更快
TLS
高出104.0%
-26.6%
净利率更高
TLS
高出66.9%
-101.7%
两年增速更快
TLS
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $46.8M |
| 净利润 | $-26.2M | $-16.3M |
| 毛利率 | — | 35.0% |
| 营业利润率 | -105.1% | -39.6% |
| 净利率 | -101.7% | -34.9% |
| 营收同比 | -26.6% | 77.4% |
| 净利润同比 | -229.6% | -74.8% |
| 每股收益（稀释后） | $-0.49 | $-0.22 |
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KREFTLS
| Q4 25 | $25.8M | $46.8M | ||
| Q3 25 | $25.3M | $51.4M | ||
| Q2 25 | $30.2M | $36.0M | ||
| Q1 25 | $31.3M | $30.6M | ||
| Q4 24 | $35.1M | $26.4M | ||
| Q3 24 | $37.0M | $23.8M | ||
| Q2 24 | $40.4M | $28.5M | ||
| Q1 24 | $39.1M | $29.6M |
净利润KREFTLS
| Q4 25 | $-26.2M | $-16.3M | ||
| Q3 25 | $13.8M | $-2.1M | ||
| Q2 25 | $-29.7M | $-9.5M | ||
| Q1 25 | $-4.9M | $-8.6M | ||
| Q4 24 | $20.3M | $-9.3M | ||
| Q3 24 | $-7.4M | $-28.1M | ||
| Q2 24 | $25.8M | $-7.8M | ||
| Q1 24 | $-3.1M | $-7.4M |
毛利率KREFTLS
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 37.0% |
营业利润率KREFTLS
| Q4 25 | -105.1% | -39.6% | ||
| Q3 25 | 50.4% | -4.8% | ||
| Q2 25 | -101.3% | -27.5% | ||
| Q1 25 | -18.3% | -29.5% | ||
| Q4 24 | 55.8% | -37.6% | ||
| Q3 24 | -19.6% | -121.4% | ||
| Q2 24 | 63.3% | -30.3% | ||
| Q1 24 | -8.7% | -28.5% |
净利率KREFTLS
| Q4 25 | -101.7% | -34.9% | ||
| Q3 25 | 54.4% | -4.1% | ||
| Q2 25 | -98.5% | -26.5% | ||
| Q1 25 | -15.5% | -28.1% | ||
| Q4 24 | 57.7% | -35.4% | ||
| Q3 24 | -20.0% | -118.0% | ||
| Q2 24 | 63.9% | -27.2% | ||
| Q1 24 | -7.9% | -24.9% |
每股收益（稀释后）KREFTLS
| Q4 25 | $-0.49 | $-0.22 | ||
| Q3 25 | $0.12 | $-0.03 | ||
| Q2 25 | $-0.53 | $-0.13 | ||
| Q1 25 | $-0.15 | $-0.12 | ||
| Q4 24 | $0.22 | $-0.13 | ||
| Q3 24 | $-0.19 | $-0.39 | ||
| Q2 24 | $0.29 | $-0.11 | ||
| Q1 24 | $-0.13 | $-0.10 |
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 | $53.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $96.0M |
| 总资产 | $6.5B | $139.9M |
| 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KREFTLS
| Q4 25 | $84.6M | $53.2M | ||
| Q3 25 | $204.1M | $59.0M | ||
| Q2 25 | $107.7M | $57.0M | ||
| Q1 25 | $106.4M | $57.8M | ||
| Q4 24 | $104.9M | $54.6M | ||
| Q3 24 | $108.8M | $69.8M | ||
| Q2 24 | $107.2M | $80.1M | ||
| Q1 24 | $106.5M | $93.9M |
股东权益KREFTLS
| Q4 25 | $1.2B | $96.0M | ||
| Q3 25 | $1.2B | $119.7M | ||
| Q2 25 | $1.2B | $118.4M | ||
| Q1 25 | $1.3B | $126.1M | ||
| Q4 24 | $1.3B | $127.1M | ||
| Q3 24 | $1.4B | $129.5M | ||
| Q2 24 | $1.4B | $149.1M | ||
| Q1 24 | $1.4B | $154.4M |
总资产KREFTLS
| Q4 25 | $6.5B | $139.9M | ||
| Q3 25 | $6.5B | $164.3M | ||
| Q2 25 | $6.8B | $165.0M | ||
| Q1 25 | $6.6B | $158.1M | ||
| Q4 24 | $6.4B | $158.2M | ||
| Q3 24 | $6.8B | $166.3M | ||
| Q2 24 | $7.1B | $182.4M | ||
| Q1 24 | $7.3B | $195.4M |
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 | $8.0M |
| 自由现金流经营现金流 - 资本支出 | — | $8.0M |
| 自由现金流率自由现金流/营收 | — | 17.0% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 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 | — | $29.4M |
8季度趋势，按日历期对齐
经营现金流KREFTLS
| Q4 25 | $72.3M | $8.0M | ||
| Q3 25 | $18.5M | $9.1M | ||
| Q2 25 | $21.1M | $7.0M | ||
| Q1 25 | $15.9M | $6.1M | ||
| Q4 24 | $132.6M | $-10.5M | ||
| Q3 24 | $49.1M | $-7.1M | ||
| Q2 24 | $30.6M | $-8.0M | ||
| Q1 24 | $34.5M | $-350.0K |
自由现金流KREFTLS
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $8.7M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | — | $-8.2M | ||
| Q1 24 | — | $-447.0K |
自由现金流率KREFTLS
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | -47.0% | ||
| Q3 24 | — | -30.0% | ||
| Q2 24 | — | -28.9% | ||
| Q1 24 | — | -1.5% |
资本支出强度KREFTLS
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.3% |
现金转化率KREFTLS
| 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
业务分部营收拆解
KREF
暂无分部数据
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
