vs
KKR Real Estate Finance Trust Inc.（KREF）与Zeo Energy Corp.（ZEO）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Zeo Energy Corp.的1.4倍（$25.8M vs $18.6M），Zeo Energy Corp.净利率更高（-10.8% vs -101.7%，领先90.9%），Zeo Energy Corp.同比增速更快（-0.4% vs -26.6%），过去两年Zeo Energy Corp.的营收复合增速更高（-4.0% 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。
KREF vs ZEO — 直观对比
营收规模更大
KREF
是对方的1.4倍
$18.6M
营收增速更快
ZEO
高出26.2%
-26.6%
净利率更高
ZEO
高出90.9%
-101.7%
两年增速更快
ZEO
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $18.6M |
| 净利润 | $-26.2M | $-2.0M |
| 毛利率 | — | — |
| 营业利润率 | -105.1% | -11.8% |
| 净利率 | -101.7% | -10.8% |
| 营收同比 | -26.6% | -0.4% |
| 净利润同比 | -229.6% | -360.9% |
| 每股收益（稀释后） | $-0.49 | — |
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KREFZEO
| Q4 25 | $25.8M | $18.6M | ||
| Q3 25 | $25.3M | $23.9M | ||
| Q2 25 | $30.2M | $18.1M | ||
| Q1 25 | $31.3M | $8.8M | ||
| Q4 24 | $35.1M | $18.6M | ||
| Q3 24 | $37.0M | $19.7M | ||
| Q2 24 | $40.4M | $14.8M | ||
| Q1 24 | $39.1M | $20.1M |
净利润KREFZEO
| Q4 25 | $-26.2M | $-2.0M | ||
| Q3 25 | $13.8M | $-3.2M | ||
| Q2 25 | $-29.7M | $-2.4M | ||
| Q1 25 | $-4.9M | $-6.4M | ||
| Q4 24 | $20.3M | $-435.3K | ||
| Q3 24 | $-7.4M | $-424.3K | ||
| Q2 24 | $25.8M | $-277.8K | ||
| Q1 24 | $-3.1M | $-1.5M |
毛利率KREFZEO
| Q4 25 | — | — | ||
| Q3 25 | — | 57.9% | ||
| Q2 25 | — | 59.8% | ||
| Q1 25 | — | 99.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 50.2% | ||
| Q2 24 | — | 52.3% | ||
| Q1 24 | — | — |
营业利润率KREFZEO
| Q4 25 | -105.1% | -11.8% | ||
| Q3 25 | 50.4% | -8.3% | ||
| Q2 25 | -101.3% | -15.8% | ||
| Q1 25 | -18.3% | -153.8% | ||
| Q4 24 | 55.8% | -6.0% | ||
| Q3 24 | -19.6% | -15.2% | ||
| Q2 24 | 63.3% | -18.0% | ||
| Q1 24 | -8.7% | -20.1% |
净利率KREFZEO
| Q4 25 | -101.7% | -10.8% | ||
| Q3 25 | 54.4% | -13.5% | ||
| Q2 25 | -98.5% | -13.3% | ||
| Q1 25 | -15.5% | -72.4% | ||
| Q4 24 | 57.7% | -2.3% | ||
| Q3 24 | -20.0% | -2.2% | ||
| Q2 24 | 63.9% | -1.9% | ||
| Q1 24 | -7.9% | -7.6% |
每股收益（稀释后）KREFZEO
| Q4 25 | $-0.49 | — | ||
| Q3 25 | $0.12 | — | ||
| Q2 25 | $-0.53 | — | ||
| Q1 25 | $-0.15 | $-0.48 | ||
| Q4 24 | $0.22 | $1.11 | ||
| Q3 24 | $-0.19 | $-0.08 | ||
| Q2 24 | $0.29 | $0.03 | ||
| Q1 24 | $-0.13 | $-1.54 |
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 | $6.1M |
| 总债务越低越好 | — | $79.1K |
| 股东权益账面价值 | $1.2B | $5.3M |
| 总资产 | $6.5B | $56.9M |
| 负债/权益比越低杠杆越低 | — | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资KREFZEO
| Q4 25 | $84.6M | $6.1M | ||
| Q3 25 | $204.1M | $3.9M | ||
| Q2 25 | $107.7M | $68.7K | ||
| Q1 25 | $106.4M | $2.9M | ||
| Q4 24 | $104.9M | $5.6M | ||
| Q3 24 | $108.8M | $4.3M | ||
| Q2 24 | $107.2M | $5.3M | ||
| Q1 24 | $106.5M | — |
总债务KREFZEO
| Q4 25 | — | $79.1K | ||
| Q3 25 | — | $84.6K | ||
| Q2 25 | — | $642.8K | ||
| Q1 25 | — | $715.4K | ||
| Q4 24 | — | $787.7K | ||
| Q3 24 | — | $858.6K | ||
| Q2 24 | — | $1.6M | ||
| Q1 24 | — | $748.8K |
股东权益KREFZEO
| Q4 25 | $1.2B | $5.3M | ||
| Q3 25 | $1.2B | $-1.7M | ||
| Q2 25 | $1.2B | $-59.4M | ||
| Q1 25 | $1.3B | $-23.1M | ||
| Q4 24 | $1.3B | $-88.9M | ||
| Q3 24 | $1.4B | $-39.3M | ||
| Q2 24 | $1.4B | $-53.0M | ||
| Q1 24 | $1.4B | $-173.0M |
总资产KREFZEO
| Q4 25 | $6.5B | $56.9M | ||
| Q3 25 | $6.5B | $58.5M | ||
| Q2 25 | $6.8B | $46.2M | ||
| Q1 25 | $6.6B | $47.4M | ||
| Q4 24 | $6.4B | $61.0M | ||
| Q3 24 | $6.8B | $47.1M | ||
| Q2 24 | $7.1B | $49.1M | ||
| Q1 24 | $7.3B | $50.1M |
负债/权益比KREFZEO
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $2.4M |
| 自由现金流经营现金流 - 资本支出 | — | $2.3M |
| 自由现金流率自由现金流/营收 | — | 12.2% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 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 | — | $-9.9M |
8季度趋势，按日历期对齐
经营现金流KREFZEO
| Q4 25 | $72.3M | $2.4M | ||
| Q3 25 | $18.5M | $-6.6M | ||
| Q2 25 | $21.1M | $-2.3M | ||
| Q1 25 | $15.9M | $-2.3M | ||
| Q4 24 | $132.6M | $3.5M | ||
| Q3 24 | $49.1M | $162.2K | ||
| Q2 24 | $30.6M | $-2.2M | ||
| Q1 24 | $34.5M | $-10.2M |
自由现金流KREFZEO
| Q4 25 | — | $2.3M | ||
| Q3 25 | — | $-6.8M | ||
| Q2 25 | — | $-2.7M | ||
| Q1 25 | — | $-2.6M | ||
| Q4 24 | — | $3.4M | ||
| Q3 24 | — | $116.5K | ||
| Q2 24 | — | $-2.3M | ||
| Q1 24 | — | $-10.4M |
自由现金流率KREFZEO
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | -28.6% | ||
| Q2 25 | — | -15.0% | ||
| Q1 25 | — | -30.0% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | -15.6% | ||
| Q1 24 | — | -51.5% |
资本支出强度KREFZEO
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.1% |
现金转化率KREFZEO
| 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
ZEO
| Nonrelated Party | $18.1M | 98% |
| Related Party | $432.1K | 2% |
