vs
NATIONAL RESEARCH CORP（NRC）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
NATIONAL RESEARCH CORP的季度营收约是REDWOOD TRUST INC的1.4倍（$35.2M vs $25.9M），REDWOOD TRUST INC净利率更高（77.2% vs 5.1%，领先72.1%），NATIONAL RESEARCH CORP同比增速更快（-4.6% vs -6.1%），过去两年NATIONAL RESEARCH CORP的营收复合增速更高（-0.2% vs -41.0%）
NRC Health（原国家研究公司）是一家美国医疗健康企业，1981年成立，总部位于内布拉斯加州林肯市。公司主要在美加两国提供医疗健康相关产品及订阅式解决方案，深耕区域医疗健康服务领域。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
NRC vs RWT — 直观对比
营收规模更大
NRC
是对方的1.4倍
$25.9M
营收增速更快
NRC
高出1.4%
-6.1%
净利率更高
RWT
高出72.1%
5.1%
两年增速更快
NRC
近两年复合增速
-41.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $35.2M | $25.9M |
| 净利润 | $1.8M | $20.0M |
| 毛利率 | — | — |
| 营业利润率 | 13.3% | — |
| 净利率 | 5.1% | 77.2% |
| 营收同比 | -4.6% | -6.1% |
| 净利润同比 | -72.6% | 402.6% |
| 每股收益（稀释后） | $49.58 | $0.11 |
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NRCRWT
| Q4 25 | $35.2M | $25.9M | ||
| Q3 25 | $34.6M | $15.0M | ||
| Q2 25 | $34.0M | $13.8M | ||
| Q1 25 | $33.6M | $27.9M | ||
| Q4 24 | $36.9M | $27.6M | ||
| Q3 24 | $35.8M | $25.5M | ||
| Q2 24 | $35.0M | $67.4M | ||
| Q1 24 | $35.3M | $74.5M |
净利润NRCRWT
| Q4 25 | $1.8M | $20.0M | ||
| Q3 25 | $4.1M | $-7.7M | ||
| Q2 25 | $-106.0K | $-98.5M | ||
| Q1 25 | $5.8M | $16.1M | ||
| Q4 24 | $6.6M | $-6.6M | ||
| Q3 24 | $5.7M | $14.8M | ||
| Q2 24 | $6.2M | $15.5M | ||
| Q1 24 | $6.4M | $30.3M |
营业利润率NRCRWT
| Q4 25 | 13.3% | — | ||
| Q3 25 | 22.4% | -9.0% | ||
| Q2 25 | 4.7% | -679.0% | ||
| Q1 25 | 25.6% | 80.2% | ||
| Q4 24 | 26.0% | -1.3% | ||
| Q3 24 | 22.3% | 86.1% | ||
| Q2 24 | 25.3% | 30.3% | ||
| Q1 24 | 24.8% | 41.3% |
净利率NRCRWT
| Q4 25 | 5.1% | 77.2% | ||
| Q3 25 | 11.9% | -51.4% | ||
| Q2 25 | -0.3% | -712.0% | ||
| Q1 25 | 17.2% | 57.8% | ||
| Q4 24 | 17.8% | -24.0% | ||
| Q3 24 | 15.9% | 58.1% | ||
| Q2 24 | 17.6% | 23.0% | ||
| Q1 24 | 18.0% | 40.6% |
每股收益（稀释后）NRCRWT
| Q4 25 | $49.58 | $0.11 | ||
| Q3 25 | $0.18 | $-0.08 | ||
| Q2 25 | $-0.01 | $-0.76 | ||
| Q1 25 | $0.25 | $0.10 | ||
| Q4 24 | $0.27 | $-0.08 | ||
| Q3 24 | $0.24 | $0.09 | ||
| Q2 24 | $0.26 | $0.10 | ||
| Q1 24 | $0.27 | $0.21 |
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 | $4.1M | $255.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $14.0M | $982.6M |
| 总资产 | $134.9M | $23.7B |
| 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NRCRWT
| Q4 25 | $4.1M | $255.7M | ||
| Q3 25 | $2.2M | $226.3M | ||
| Q2 25 | $5.3M | $302.0M | ||
| Q1 25 | $2.5M | $259.9M | ||
| Q4 24 | $4.2M | $245.2M | ||
| Q3 24 | $3.5M | $253.7M | ||
| Q2 24 | $485.0K | $275.6M | ||
| Q1 24 | $1.7M | $275.4M |
总债务NRCRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $48.7M | — | ||
| Q2 24 | $33.3M | — | ||
| Q1 24 | $35.2M | $1.7B |
股东权益NRCRWT
| Q4 25 | $14.0M | $982.6M | ||
| Q3 25 | $14.3M | $999.0M | ||
| Q2 25 | $21.3M | $1.1B | ||
| Q1 25 | $29.7M | $1.2B | ||
| Q4 24 | $31.3M | $1.2B | ||
| Q3 24 | $34.6M | $1.2B | ||
| Q2 24 | $40.2M | $1.2B | ||
| Q1 24 | $36.9M | $1.2B |
总资产NRCRWT
| Q4 25 | $134.9M | $23.7B | ||
| Q3 25 | $135.7M | $22.6B | ||
| Q2 25 | $141.4M | $21.3B | ||
| Q1 25 | $135.2M | $19.9B | ||
| Q4 24 | $132.5M | $18.3B | ||
| Q3 24 | $131.8M | $18.4B | ||
| Q2 24 | $119.1M | $16.5B | ||
| Q1 24 | $120.9M | $15.1B |
负债/权益比NRCRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 0.83× | — | ||
| Q1 24 | 0.95× | 1.39× |
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 | $7.2M | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | $6.1M | — |
| 自由现金流率自由现金流/营收 | 17.2% | — |
| 资本支出强度资本支出/营收 | 3.2% | — |
| 现金转化率经营现金流/净利润 | 3.99× | -504.15× |
| 过去12个月自由现金流最近4个季度 | $15.7M | — |
8季度趋势，按日历期对齐
经营现金流NRCRWT
| Q4 25 | $7.2M | $-10.1B | ||
| Q3 25 | $13.8M | $-2.7B | ||
| Q2 25 | $-1.1M | $-2.1B | ||
| Q1 25 | $6.6M | $-2.0B | ||
| Q4 24 | $6.4M | $-5.9B | ||
| Q3 24 | $9.4M | $-2.1B | ||
| Q2 24 | $6.8M | $-2.0B | ||
| Q1 24 | $12.0M | $-954.2M |
自由现金流NRCRWT
| Q4 25 | $6.1M | — | ||
| Q3 25 | $10.2M | — | ||
| Q2 25 | $-4.1M | — | ||
| Q1 25 | $3.7M | — | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | $7.8M | — | ||
| Q2 24 | $1.5M | — | ||
| Q1 24 | $7.9M | — |
自由现金流率NRCRWT
| Q4 25 | 17.2% | — | ||
| Q3 25 | 29.4% | — | ||
| Q2 25 | -12.2% | — | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 5.2% | — | ||
| Q3 24 | 21.8% | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 22.4% | — |
资本支出强度NRCRWT
| Q4 25 | 3.2% | — | ||
| Q3 25 | 10.4% | — | ||
| Q2 25 | 8.8% | — | ||
| Q1 25 | 8.9% | — | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 15.0% | — | ||
| Q1 24 | 11.7% | — |
现金转化率NRCRWT
| Q4 25 | 3.99× | -504.15× | ||
| Q3 25 | 3.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.15× | -120.92× | ||
| Q4 24 | 0.97× | — | ||
| Q3 24 | 1.66× | -140.86× | ||
| Q2 24 | 1.10× | -126.56× | ||
| Q1 24 | 1.89× | -31.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
