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Kennedy-Wilson Holdings, Inc.（KW）与RMR GROUP INC.（RMR）财务数据对比。点击上方公司名可切换其他公司
Kennedy-Wilson Holdings, Inc.的季度营收约是RMR GROUP INC.的1.8倍（$120.6M vs $66.7M），Kennedy-Wilson Holdings, Inc.净利率更高（48.1% vs 18.3%，领先29.8%），RMR GROUP INC.同比增速更快（40.8% vs -11.0%）
肯尼迪-威尔逊控股是一家房地产投资企业，公司总部位于美国加利福尼亚州比弗利山庄，业务覆盖全球多地房地产领域的投资与运营相关业务。
RMR集团是总部位于美国的另类资产管理企业，核心业务聚焦不动产及相关投资，覆盖商业地产、住宅物业、基础设施等赛道，服务全球核心市场的机构投资者、高净值人士及零售客户。
KW vs RMR — 直观对比
营收规模更大
KW
是对方的1.8倍
$66.7M
营收增速更快
RMR
高出51.8%
-11.0%
净利率更高
KW
高出29.8%
18.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $120.6M | $66.7M |
| 净利润 | $58.0M | $12.2M |
| 毛利率 | — | — |
| 营业利润率 | 57.3% | 48.1% |
| 净利率 | 48.1% | 18.3% |
| 营收同比 | -11.0% | 40.8% |
| 净利润同比 | 32.7% | 91.1% |
| 每股收益（稀释后） | $0.22 | $0.71 |
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KWRMR
| Q4 25 | $120.6M | $66.7M | ||
| Q3 25 | $116.4M | — | ||
| Q2 25 | $135.7M | — | ||
| Q1 25 | $128.3M | — | ||
| Q4 24 | $135.5M | — | ||
| Q3 24 | $127.5M | — | ||
| Q2 24 | $132.0M | — | ||
| Q1 24 | $136.4M | — |
净利润KWRMR
| Q4 25 | $58.0M | $12.2M | ||
| Q3 25 | $-10.2M | — | ||
| Q2 25 | $5.6M | — | ||
| Q1 25 | $-29.6M | — | ||
| Q4 24 | $43.7M | — | ||
| Q3 24 | $-66.8M | — | ||
| Q2 24 | $-48.3M | — | ||
| Q1 24 | $37.7M | — |
营业利润率KWRMR
| Q4 25 | 57.3% | 48.1% | ||
| Q3 25 | -6.2% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | -26.9% | — | ||
| Q4 24 | 36.7% | — | ||
| Q3 24 | -60.8% | — | ||
| Q2 24 | -45.5% | — | ||
| Q1 24 | 47.2% | — |
净利率KWRMR
| Q4 25 | 48.1% | 18.3% | ||
| Q3 25 | -8.8% | — | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | -23.1% | — | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | -52.4% | — | ||
| Q2 24 | -36.6% | — | ||
| Q1 24 | 27.6% | — |
每股收益（稀释后）KWRMR
| Q4 25 | $0.22 | $0.71 | ||
| Q3 25 | $-0.15 | — | ||
| Q2 25 | $-0.05 | — | ||
| Q1 25 | $-0.30 | — | ||
| Q4 24 | $0.24 | — | ||
| Q3 24 | $-0.56 | — | ||
| Q2 24 | $-0.43 | — | ||
| Q1 24 | $0.19 | — |
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 | $184.5M | $49.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $232.7M |
| 总资产 | $6.6B | $687.1M |
| 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KWRMR
| Q4 25 | $184.5M | $49.3M | ||
| Q3 25 | $382.6M | — | ||
| Q2 25 | $309.1M | — | ||
| Q1 25 | $356.6M | — | ||
| Q4 24 | $217.5M | — | ||
| Q3 24 | $367.1M | — | ||
| Q2 24 | $366.5M | — | ||
| Q1 24 | $541.9M | — |
股东权益KWRMR
| Q4 25 | $1.5B | $232.7M | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | — |
总资产KWRMR
| Q4 25 | $6.6B | $687.1M | ||
| Q3 25 | $6.7B | — | ||
| Q2 25 | $6.8B | — | ||
| Q1 25 | $7.2B | — | ||
| Q4 24 | $7.0B | — | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $7.5B | — | ||
| Q1 24 | $7.7B | — |
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 | $11.4M | $10.7M |
| 自由现金流经营现金流 - 资本支出 | $-55.2M | — |
| 自由现金流率自由现金流/营收 | -45.8% | — |
| 资本支出强度资本支出/营收 | 55.2% | — |
| 现金转化率经营现金流/净利润 | 0.20× | 0.88× |
| 过去12个月自由现金流最近4个季度 | $-103.5M | — |
8季度趋势，按日历期对齐
经营现金流KWRMR
| Q4 25 | $11.4M | $10.7M | ||
| Q3 25 | $-7.6M | — | ||
| Q2 25 | $42.0M | — | ||
| Q1 25 | $-51.9M | — | ||
| Q4 24 | $55.1M | — | ||
| Q3 24 | $-5.6M | — | ||
| Q2 24 | $36.7M | — | ||
| Q1 24 | $-5.6M | — |
自由现金流KWRMR
| Q4 25 | $-55.2M | — | ||
| Q3 25 | $-18.0M | — | ||
| Q2 25 | $29.4M | — | ||
| Q1 25 | $-59.7M | — | ||
| Q4 24 | $-76.5M | — | ||
| Q3 24 | $-27.7M | — | ||
| Q2 24 | $-500.0K | — | ||
| Q1 24 | $-57.1M | — |
自由现金流率KWRMR
| Q4 25 | -45.8% | — | ||
| Q3 25 | -15.5% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | -46.5% | — | ||
| Q4 24 | -56.5% | — | ||
| Q3 24 | -21.7% | — | ||
| Q2 24 | -0.4% | — | ||
| Q1 24 | -41.9% | — |
资本支出强度KWRMR
| Q4 25 | 55.2% | — | ||
| Q3 25 | 8.9% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 97.1% | — | ||
| Q3 24 | 17.3% | — | ||
| Q2 24 | 28.2% | — | ||
| Q1 24 | 37.8% | — |
现金转化率KWRMR
| Q4 25 | 0.20× | 0.88× | ||
| Q3 25 | — | — | ||
| Q2 25 | 7.50× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.15× | — |
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
KW
| Consolidated Portfolio Segment | $84.9M | 70% |
| Investment Management Fees | $30.4M | 25% |
| Real Estate | $5.1M | 4% |
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
