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KKR Real Estate Finance Trust Inc.（KREF）与VIRCO MFG CORPORATION（VIRC）财务数据对比。点击上方公司名可切换其他公司
VIRCO MFG CORPORATION的季度营收约是KKR Real Estate Finance Trust Inc.的1.8倍（$47.6M vs $25.8M），VIRCO MFG CORPORATION净利率更高（-2.8% vs -101.7%，领先99.0%），KKR Real Estate Finance Trust Inc.同比增速更快（-26.6% vs -42.3%），过去两年VIRCO MFG CORPORATION的营收复合增速更高（5.7% 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。
维尔科制造公司（简称Virco）是总部位于美国加利福尼亚州托伦斯的家具制造商，主打教育场景家具产品，核心产品涵盖学生课桌、活动桌、校园及办公座椅、电脑台、轻质折叠桌与布艺沙发椅等。
KREF vs VIRC — 直观对比
营收规模更大
VIRC
是对方的1.8倍
$25.8M
营收增速更快
KREF
高出15.8%
-42.3%
净利率更高
VIRC
高出99.0%
-101.7%
两年增速更快
VIRC
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $47.6M |
| 净利润 | $-26.2M | $-1.3M |
| 毛利率 | — | 38.0% |
| 营业利润率 | -105.1% | -3.6% |
| 净利率 | -101.7% | -2.8% |
| 营收同比 | -26.6% | -42.3% |
| 净利润同比 | -229.6% | -115.8% |
| 每股收益（稀释后） | $-0.49 | $-0.08 |
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KREFVIRC
| Q4 25 | $25.8M | $47.6M | ||
| Q3 25 | $25.3M | $92.1M | ||
| Q2 25 | $30.2M | $33.8M | ||
| Q1 25 | $31.3M | $28.5M | ||
| Q4 24 | $35.1M | $82.6M | ||
| Q3 24 | $37.0M | $108.4M | ||
| Q2 24 | $40.4M | $46.7M | ||
| Q1 24 | $39.1M | $42.6M |
净利润KREFVIRC
| Q4 25 | $-26.2M | $-1.3M | ||
| Q3 25 | $13.8M | $10.2M | ||
| Q2 25 | $-29.7M | $732.0K | ||
| Q1 25 | $-4.9M | $-5.7M | ||
| Q4 24 | $20.3M | $8.4M | ||
| Q3 24 | $-7.4M | $16.8M | ||
| Q2 24 | $25.8M | $2.1M | ||
| Q1 24 | $-3.1M | $-2.3M |
毛利率KREFVIRC
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 44.4% | ||
| Q2 25 | — | 47.5% | ||
| Q1 25 | — | 26.2% | ||
| Q4 24 | — | 44.4% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | 43.5% | ||
| Q1 24 | — | 37.7% |
营业利润率KREFVIRC
| Q4 25 | -105.1% | -3.6% | ||
| Q3 25 | 50.4% | 16.7% | ||
| Q2 25 | -101.3% | -0.3% | ||
| Q1 25 | -18.3% | -28.5% | ||
| Q4 24 | 55.8% | 13.5% | ||
| Q3 24 | -19.6% | 20.2% | ||
| Q2 24 | 63.3% | 6.4% | ||
| Q1 24 | -8.7% | -6.5% |
净利率KREFVIRC
| Q4 25 | -101.7% | -2.8% | ||
| Q3 25 | 54.4% | 11.1% | ||
| Q2 25 | -98.5% | 2.2% | ||
| Q1 25 | -15.5% | -20.1% | ||
| Q4 24 | 57.7% | 10.2% | ||
| Q3 24 | -20.0% | 15.5% | ||
| Q2 24 | 63.9% | 4.6% | ||
| Q1 24 | -7.9% | -5.5% |
每股收益（稀释后）KREFVIRC
| Q4 25 | $-0.49 | $-0.08 | ||
| Q3 25 | $0.12 | $0.65 | ||
| Q2 25 | $-0.53 | $0.05 | ||
| Q1 25 | $-0.15 | $-0.37 | ||
| Q4 24 | $0.22 | $0.52 | ||
| Q3 24 | $-0.19 | $1.04 | ||
| Q2 24 | $0.29 | $0.13 | ||
| Q1 24 | $-0.13 | $-0.14 |
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 | — |
| 总债务越低越好 | — | $3.9M |
| 股东权益账面价值 | $1.2B | $113.6M |
| 总资产 | $6.5B | $181.5M |
| 负债/权益比越低杠杆越低 | — | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资KREFVIRC
| Q4 25 | $84.6M | — | ||
| Q3 25 | $204.1M | — | ||
| Q2 25 | $107.7M | — | ||
| Q1 25 | $106.4M | — | ||
| Q4 24 | $104.9M | — | ||
| Q3 24 | $108.8M | — | ||
| Q2 24 | $107.2M | — | ||
| Q1 24 | $106.5M | $5.3M |
总债务KREFVIRC
| Q4 25 | — | $3.9M | ||
| Q3 25 | — | $4.0M | ||
| Q2 25 | — | $4.1M | ||
| Q1 25 | — | $4.1M | ||
| Q4 24 | — | $4.2M | ||
| Q3 24 | — | $4.3M | ||
| Q2 24 | — | $7.0M | ||
| Q1 24 | — | $4.4M |
股东权益KREFVIRC
| Q4 25 | $1.2B | $113.6M | ||
| Q3 25 | $1.2B | $115.4M | ||
| Q2 25 | $1.2B | $105.6M | ||
| Q1 25 | $1.3B | $109.3M | ||
| Q4 24 | $1.3B | $115.9M | ||
| Q3 24 | $1.4B | $107.8M | ||
| Q2 24 | $1.4B | $91.6M | ||
| Q1 24 | $1.4B | $91.2M |
总资产KREFVIRC
| Q4 25 | $6.5B | $181.5M | ||
| Q3 25 | $6.5B | $198.6M | ||
| Q2 25 | $6.8B | $183.8M | ||
| Q1 25 | $6.6B | $191.9M | ||
| Q4 24 | $6.4B | $210.1M | ||
| Q3 24 | $6.8B | $216.3M | ||
| Q2 24 | $7.1B | $152.5M | ||
| Q1 24 | $7.3B | $146.4M |
负债/权益比KREFVIRC
| Q4 25 | — | 0.03× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.05× |
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 | $25.8M |
| 自由现金流经营现金流 - 资本支出 | — | $24.5M |
| 自由现金流率自由现金流/营收 | — | 51.5% |
| 资本支出强度资本支出/营收 | — | 2.7% |
| 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 | — | $-4.3M |
8季度趋势，按日历期对齐
经营现金流KREFVIRC
| Q4 25 | $72.3M | $25.8M | ||
| Q3 25 | $18.5M | $3.2M | ||
| Q2 25 | $21.1M | $-19.0M | ||
| Q1 25 | $15.9M | $-8.3M | ||
| Q4 24 | $132.6M | $33.5M | ||
| Q3 24 | $49.1M | $12.5M | ||
| Q2 24 | $30.6M | $-4.5M | ||
| Q1 24 | $34.5M | $4.7M |
自由现金流KREFVIRC
| Q4 25 | — | $24.5M | ||
| Q3 25 | — | $1.8M | ||
| Q2 25 | — | $-21.5M | ||
| Q1 25 | — | $-9.2M | ||
| Q4 24 | — | $31.0M | ||
| Q3 24 | — | $10.7M | ||
| Q2 24 | — | $-5.6M | ||
| Q1 24 | — | $4.0M |
自由现金流率KREFVIRC
| Q4 25 | — | 51.5% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | -63.6% | ||
| Q1 25 | — | -32.4% | ||
| Q4 24 | — | 37.5% | ||
| Q3 24 | — | 9.8% | ||
| Q2 24 | — | -12.0% | ||
| Q1 24 | — | 9.5% |
资本支出强度KREFVIRC
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 7.2% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 1.5% |
现金转化率KREFVIRC
| Q4 25 | — | — | ||
| Q3 25 | 1.34× | 0.31× | ||
| Q2 25 | — | -26.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.54× | 3.98× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | 1.19× | -2.11× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
