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NexPoint Real Estate Finance, Inc.（NREF）与Ready Capital Corp（RC）财务数据对比。点击上方公司名可切换其他公司
Ready Capital Corp的季度营收约是NexPoint Real Estate Finance, Inc.的1.2倍（$13.1M vs $11.1M），NexPoint Real Estate Finance, Inc.净利率更高（216.6% vs -1772.7%，领先1989.3%），NexPoint Real Estate Finance, Inc.同比增速更快（-48.8% vs -73.8%）
NexPoint Real Estate Finance, Inc.是一家总部位于美国的商业地产金融企业，主要为多户住宅、写字楼、工业及酒店物业提供结构化融资方案，运营并管理抵押贷款及其他地产相关投资组合，为利益相关方提供经风险调整的稳定回报。
Ready Capital Corp是一家总部位于美国的商业地产金融企业，提供多户住宅贷款、小型商业地产抵押贷款、建筑融资及抵押贷款服务等定制化解决方案，核心客户覆盖美国各地的房地产投资者、小型企业运营者及地产开发商。
NREF vs RC — 直观对比
营收规模更大
RC
是对方的1.2倍
$11.1M
营收增速更快
NREF
高出25.0%
-73.8%
净利率更高
NREF
高出1989.3%
-1772.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $11.1M | $13.1M |
| 净利润 | $24.0M | $-232.6M |
| 毛利率 | — | — |
| 营业利润率 | — | -2013.3% |
| 净利率 | 216.6% | -1772.7% |
| 营收同比 | -48.8% | -73.8% |
| 净利润同比 | 58.7% | 26.1% |
| 每股收益（稀释后） | $0.47 | $-1.43 |
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NREFRC
| Q4 25 | $11.1M | $13.1M | ||
| Q3 25 | $12.5M | $85.4M | ||
| Q2 25 | $12.1M | $16.9M | ||
| Q1 25 | $11.5M | $40.2M | ||
| Q4 24 | $21.7M | $50.1M | ||
| Q3 24 | $12.5M | $107.2M | ||
| Q2 24 | $6.7M | $51.0M | ||
| Q1 24 | $-12.8M | $48.5M |
净利润NREFRC
| Q4 25 | $24.0M | $-232.6M | ||
| Q3 25 | $50.9M | $-16.7M | ||
| Q2 25 | $22.3M | $-53.7M | ||
| Q1 25 | $26.0M | $82.0M | ||
| Q4 24 | $15.2M | $-314.8M | ||
| Q3 24 | $23.3M | $-7.3M | ||
| Q2 24 | $12.1M | $-34.2M | ||
| Q1 24 | $-14.6M | $-74.2M |
营业利润率NREFRC
| Q4 25 | — | -2013.3% | ||
| Q3 25 | — | -31.5% | ||
| Q2 25 | — | -524.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -629.0% | ||
| Q3 24 | — | -14.8% | ||
| Q2 24 | — | -157.0% | ||
| Q1 24 | — | -217.9% |
净利率NREFRC
| Q4 25 | 216.6% | -1772.7% | ||
| Q3 25 | 407.0% | -19.6% | ||
| Q2 25 | 184.5% | -317.7% | ||
| Q1 25 | 225.6% | 203.7% | ||
| Q4 24 | 69.9% | -628.8% | ||
| Q3 24 | 186.4% | -6.8% | ||
| Q2 24 | 179.7% | -67.1% | ||
| Q1 24 | 114.3% | -152.8% |
每股收益（稀释后）NREFRC
| Q4 25 | $0.47 | $-1.43 | ||
| Q3 25 | $1.14 | $-0.13 | ||
| Q2 25 | $0.54 | $-0.34 | ||
| Q1 25 | $0.70 | $0.46 | ||
| Q4 24 | $0.71 | $-1.89 | ||
| Q3 24 | $0.74 | $-0.07 | ||
| Q2 24 | $0.40 | $-0.23 | ||
| Q1 24 | $-0.83 | $-0.44 |
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 | $31.1M | $207.8M |
| 总债务越低越好 | $771.2M | $1.4B |
| 股东权益账面价值 | $388.0M | $1.5B |
| 总资产 | $5.3B | $7.8B |
| 负债/权益比越低杠杆越低 | 1.99× | 0.89× |
8季度趋势，按日历期对齐
现金及短期投资NREFRC
| Q4 25 | $31.1M | $207.8M | ||
| Q3 25 | $17.9M | $147.5M | ||
| Q2 25 | $9.1M | $162.9M | ||
| Q1 25 | $19.2M | $205.9M | ||
| Q4 24 | $3.9M | $143.8M | ||
| Q3 24 | $34.7M | $181.3M | ||
| Q2 24 | $4.3M | $226.3M | ||
| Q1 24 | $13.5M | $166.0M |
总债务NREFRC
| Q4 25 | $771.2M | $1.4B | ||
| Q3 25 | $720.9M | $1.4B | ||
| Q2 25 | $815.6M | $1.4B | ||
| Q1 25 | $831.5M | $1.5B | ||
| Q4 24 | $799.3M | $1.3B | ||
| Q3 24 | $815.5M | $1.2B | ||
| Q2 24 | $861.0M | $1.2B | ||
| Q1 24 | $843.3M | $1.1B |
股东权益NREFRC
| Q4 25 | $388.0M | $1.5B | ||
| Q3 25 | $375.4M | $1.8B | ||
| Q2 25 | $348.2M | $1.8B | ||
| Q1 25 | $343.7M | $1.9B | ||
| Q4 24 | $336.5M | $1.8B | ||
| Q3 24 | $335.8M | $2.2B | ||
| Q2 24 | $327.5M | $2.3B | ||
| Q1 24 | $327.1M | $2.4B |
总资产NREFRC
| Q4 25 | $5.3B | $7.8B | ||
| Q3 25 | $5.3B | $8.3B | ||
| Q2 25 | $5.4B | $9.3B | ||
| Q1 25 | $5.4B | $10.0B | ||
| Q4 24 | $5.4B | $10.1B | ||
| Q3 24 | $5.7B | $11.3B | ||
| Q2 24 | $6.6B | $11.8B | ||
| Q1 24 | $7.1B | $12.0B |
负债/权益比NREFRC
| Q4 25 | 1.99× | 0.89× | ||
| Q3 25 | 1.92× | 0.78× | ||
| Q2 25 | 2.34× | 0.76× | ||
| Q1 25 | 2.42× | 0.77× | ||
| Q4 24 | 2.38× | 0.73× | ||
| Q3 24 | 2.43× | 0.54× | ||
| Q2 24 | 2.63× | 0.52× | ||
| Q1 24 | 2.58× | 0.46× |
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 | $-4.5M | $432.1M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | -0.19× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流NREFRC
| Q4 25 | $-4.5M | $432.1M | ||
| Q3 25 | $8.1M | $434.7M | ||
| Q2 25 | $3.3M | $-100.3M | ||
| Q1 25 | $16.0M | $108.5M | ||
| Q4 24 | $4.4M | $274.8M | ||
| Q3 24 | $14.7M | $221.1M | ||
| Q2 24 | $-7.5M | $1.1M | ||
| Q1 24 | $17.7M | $23.4M |
现金转化率NREFRC
| Q4 25 | -0.19× | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.15× | — | ||
| Q1 25 | 0.62× | 1.32× | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | -0.62× | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
