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Ladder Capital Corp（LADR）与万物新生（RERE）财务数据对比。点击上方公司名可切换其他公司
万物新生的季度营收约是Ladder Capital Corp的1.9倍（$43.2M vs $22.3M），Ladder Capital Corp净利率更高（71.0% vs 16.9%，领先54.1%）
Ladder Capital Corp是一家总部位于美国的领先商业地产金融机构，核心业务包括发放优先级商业抵押贷款、夹层债务，投资商业地产抵押担保证券及直接持有商业地产资产，服务覆盖美国多地的地产所有者、运营商与开发商。
万物新生集团（ATRenew Inc.）是中国领先的二手消费电子产品交易与服务平台运营商，核心业务覆盖数码产品回收、质检、翻新及售卖，运营有爱回收等知名品牌，服务覆盖个人消费者及企业客户，市场遍及国内及部分东南亚地区。
LADR vs RERE — 直观对比
营收规模更大
RERE
是对方的1.9倍
$22.3M
净利率更高
LADR
高出54.1%
16.9%
损益表 — Q4 FY2025 vs Q1 FY2023
| 指标 | | |
|---|---|---|
| 营收 | $22.3M | $43.2M |
| 净利润 | $15.9M | $7.3M |
| 毛利率 | — | — |
| 营业利润率 | 69.5% | — |
| 净利率 | 71.0% | 16.9% |
| 营收同比 | -18.0% | — |
| 净利润同比 | -49.4% | — |
| 每股收益（稀释后） | $0.13 | — |
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LADRRERE
| Q4 25 | $22.3M | — | ||
| Q3 25 | $27.8M | — | ||
| Q2 25 | $21.5M | — | ||
| Q1 25 | $20.3M | — | ||
| Q4 24 | $27.2M | — | ||
| Q3 24 | $38.4M | — | ||
| Q2 24 | $34.3M | — | ||
| Q1 24 | $37.1M | — |
净利润LADRRERE
| Q4 25 | $15.9M | — | ||
| Q3 25 | $19.2M | — | ||
| Q2 25 | $17.1M | — | ||
| Q1 25 | $11.6M | — | ||
| Q4 24 | $31.3M | — | ||
| Q3 24 | $27.6M | — | ||
| Q2 24 | $32.1M | — | ||
| Q1 24 | $16.4M | — |
营业利润率LADRRERE
| Q4 25 | 69.5% | — | ||
| Q3 25 | 72.4% | — | ||
| Q2 25 | 96.7% | — | ||
| Q1 25 | 52.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 74.1% | — | ||
| Q2 24 | 90.4% | — | ||
| Q1 24 | 49.4% | — |
净利率LADRRERE
| Q4 25 | 71.0% | — | ||
| Q3 25 | 69.0% | — | ||
| Q2 25 | 79.5% | — | ||
| Q1 25 | 56.8% | — | ||
| Q4 24 | 115.1% | — | ||
| Q3 24 | 71.7% | — | ||
| Q2 24 | 93.6% | — | ||
| Q1 24 | 44.2% | — |
每股收益（稀释后）LADRRERE
| Q4 25 | $0.13 | — | ||
| Q3 25 | $0.15 | — | ||
| Q2 25 | $0.14 | — | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $0.25 | — | ||
| Q3 24 | $0.22 | — | ||
| Q2 24 | $0.26 | — | ||
| 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 | $38.0M | $228.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $557.1M |
| 总资产 | $5.2B | $722.9M |
| 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LADRRERE
| Q4 25 | $38.0M | — | ||
| Q3 25 | $49.4M | — | ||
| Q2 25 | $134.9M | — | ||
| Q1 25 | $479.8M | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益LADRRERE
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
总资产LADRRERE
| Q4 25 | $5.2B | — | ||
| Q3 25 | $4.7B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $4.8B | — | ||
| Q2 24 | $4.8B | — | ||
| Q1 24 | $5.3B | — |
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 | $87.0M | — |
| 自由现金流经营现金流 - 资本支出 | $78.7M | — |
| 自由现金流率自由现金流/营收 | 352.4% | — |
| 资本支出强度资本支出/营收 | 37.4% | — |
| 现金转化率经营现金流/净利润 | 5.49× | — |
| 过去12个月自由现金流最近4个季度 | $118.3M | — |
8季度趋势，按日历期对齐
经营现金流LADRRERE
| Q4 25 | $87.0M | — | ||
| Q3 25 | $26.3M | — | ||
| Q2 25 | $44.0M | — | ||
| Q1 25 | $-28.7M | — | ||
| Q4 24 | $133.9M | — | ||
| Q3 24 | $169.0M | — | ||
| Q2 24 | $45.4M | — | ||
| Q1 24 | $-20.4M | — |
自由现金流LADRRERE
| Q4 25 | $78.7M | — | ||
| Q3 25 | $25.9M | — | ||
| Q2 25 | $43.4M | — | ||
| Q1 25 | $-29.6M | — | ||
| Q4 24 | $127.4M | — | ||
| Q3 24 | $166.0M | — | ||
| Q2 24 | $44.9M | — | ||
| Q1 24 | $-21.7M | — |
自由现金流率LADRRERE
| Q4 25 | 352.4% | — | ||
| Q3 25 | 93.1% | — | ||
| Q2 25 | 201.6% | — | ||
| Q1 25 | -145.6% | — | ||
| Q4 24 | 468.2% | — | ||
| Q3 24 | 432.1% | — | ||
| Q2 24 | 131.0% | — | ||
| Q1 24 | -58.6% | — |
资本支出强度LADRRERE
| Q4 25 | 37.4% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 3.7% | — |
现金转化率LADRRERE
| Q4 25 | 5.49× | — | ||
| Q3 25 | 1.37× | — | ||
| Q2 25 | 2.57× | — | ||
| Q1 25 | -2.49× | — | ||
| Q4 24 | 4.27× | — | ||
| Q3 24 | 6.13× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | -1.24× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
