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NexPoint Real Estate Finance, Inc.（NREF）与Velo3D, Inc.（VELO）财务数据对比。点击上方公司名可切换其他公司
NexPoint Real Estate Finance, Inc.的季度营收约是Velo3D, Inc.的1.2倍（$11.1M vs $9.4M），NexPoint Real Estate Finance, Inc.净利率更高（216.6% vs -231.9%，领先448.6%），Velo3D, Inc.同比增速更快（-25.2% vs -48.8%）
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。
Velo3D是全球领先的金属3D打印解决方案提供商，主营工业级金属3D打印机、配套专用加工软件及高性能金属材料，主要服务航空航天、国防、能源、半导体等高端制造领域，可生产传统工艺难以实现的复杂高精度金属零部件。
NREF vs VELO — 直观对比
营收规模更大
NREF
是对方的1.2倍
$9.4M
营收增速更快
VELO
高出23.6%
-48.8%
净利率更高
NREF
高出448.6%
-231.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $11.1M | $9.4M |
| 净利润 | $24.0M | $-21.9M |
| 毛利率 | — | -73.6% |
| 营业利润率 | — | -231.0% |
| 净利率 | 216.6% | -231.9% |
| 营收同比 | -48.8% | -25.2% |
| 净利润同比 | 58.7% | -2.9% |
| 每股收益（稀释后） | $0.47 | $-0.87 |
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NREFVELO
| Q4 25 | $11.1M | $9.4M | ||
| Q3 25 | $12.5M | $13.6M | ||
| Q2 25 | $12.1M | $13.6M | ||
| Q1 25 | $11.5M | $9.3M | ||
| Q4 24 | $21.7M | $12.6M | ||
| Q3 24 | $12.5M | $8.2M | ||
| Q2 24 | $6.7M | $10.3M | ||
| Q1 24 | $-12.8M | $9.8M |
净利润NREFVELO
| Q4 25 | $24.0M | $-21.9M | ||
| Q3 25 | $50.9M | $-11.2M | ||
| Q2 25 | $22.3M | $-13.3M | ||
| Q1 25 | $26.0M | $-25.0M | ||
| Q4 24 | $15.2M | $-21.3M | ||
| Q3 24 | $23.3M | $-21.9M | ||
| Q2 24 | $12.1M | $935.0K | ||
| Q1 24 | $-14.6M | $-27.5M |
毛利率NREFVELO
| Q4 25 | — | -73.6% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | -11.7% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | -28.0% | ||
| Q1 24 | — | -28.8% |
营业利润率NREFVELO
| Q4 25 | — | -231.0% | ||
| Q3 25 | — | -73.3% | ||
| Q2 25 | — | -85.4% | ||
| Q1 25 | — | -123.6% | ||
| Q4 24 | — | -167.0% | ||
| Q3 24 | — | -213.8% | ||
| Q2 24 | — | -187.7% | ||
| Q1 24 | — | -211.1% |
净利率NREFVELO
| Q4 25 | 216.6% | -231.9% | ||
| Q3 25 | 407.0% | -82.0% | ||
| Q2 25 | 184.5% | -97.7% | ||
| Q1 25 | 225.6% | -268.4% | ||
| Q4 24 | 69.9% | -168.5% | ||
| Q3 24 | 186.4% | -265.3% | ||
| Q2 24 | 179.7% | 9.0% | ||
| Q1 24 | 114.3% | -281.2% |
每股收益（稀释后）NREFVELO
| Q4 25 | $0.47 | $-0.87 | ||
| Q3 25 | $1.14 | $-0.65 | ||
| Q2 25 | $0.54 | $-0.94 | ||
| Q1 25 | $0.70 | $-1.87 | ||
| Q4 24 | $0.71 | $7.06 | ||
| Q3 24 | $0.74 | $-35.52 | ||
| Q2 24 | $0.40 | $1.65 | ||
| Q1 24 | $-0.83 | $-55.51 |
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 | $39.0M |
| 总债务越低越好 | $771.2M | $31.0M |
| 股东权益账面价值 | $388.0M | $38.2M |
| 总资产 | $5.3B | $105.3M |
| 负债/权益比越低杠杆越低 | 1.99× | 0.81× |
8季度趋势，按日历期对齐
现金及短期投资NREFVELO
| Q4 25 | $31.1M | $39.0M | ||
| Q3 25 | $17.9M | $11.8M | ||
| Q2 25 | $9.1M | $854.0K | ||
| Q1 25 | $19.2M | $3.9M | ||
| Q4 24 | $3.9M | $1.2M | ||
| Q3 24 | $34.7M | $1.6M | ||
| Q2 24 | $4.3M | $3.2M | ||
| Q1 24 | $13.5M | $10.9M |
总债务NREFVELO
| Q4 25 | $771.2M | $31.0M | ||
| Q3 25 | $720.9M | $23.0M | ||
| Q2 25 | $815.6M | $22.5M | ||
| Q1 25 | $831.5M | $21.7M | ||
| Q4 24 | $799.3M | $5.7M | ||
| Q3 24 | $815.5M | $32.3M | ||
| Q2 24 | $861.0M | $33.5M | ||
| Q1 24 | $843.3M | $44.0M |
股东权益NREFVELO
| Q4 25 | $388.0M | $38.2M | ||
| Q3 25 | $375.4M | $29.9M | ||
| Q2 25 | $348.2M | $21.4M | ||
| Q1 25 | $343.7M | $32.8M | ||
| Q4 24 | $336.5M | $39.7M | ||
| Q3 24 | $335.8M | $34.4M | ||
| Q2 24 | $327.5M | $52.1M | ||
| Q1 24 | $327.1M | $45.5M |
总资产NREFVELO
| Q4 25 | $5.3B | $105.3M | ||
| Q3 25 | $5.3B | $93.7M | ||
| Q2 25 | $5.4B | $78.4M | ||
| Q1 25 | $5.4B | $91.3M | ||
| Q4 24 | $5.4B | $89.2M | ||
| Q3 24 | $5.7B | $110.8M | ||
| Q2 24 | $6.6B | $116.7M | ||
| Q1 24 | $7.1B | $136.1M |
负债/权益比NREFVELO
| Q4 25 | 1.99× | 0.81× | ||
| Q3 25 | 1.92× | 0.77× | ||
| Q2 25 | 2.34× | 1.05× | ||
| Q1 25 | 2.42× | 0.66× | ||
| Q4 24 | 2.38× | 0.14× | ||
| Q3 24 | 2.43× | 0.94× | ||
| Q2 24 | 2.63× | 0.64× | ||
| Q1 24 | 2.58× | 0.97× |
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 | $-7.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-8.3M |
| 自由现金流率自由现金流/营收 | — | -88.3% |
| 资本支出强度资本支出/营收 | — | 6.4% |
| 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NREFVELO
| Q4 25 | $-4.5M | $-7.7M | ||
| Q3 25 | $8.1M | $-6.0M | ||
| Q2 25 | $3.3M | $-1.2M | ||
| Q1 25 | $16.0M | $-12.3M | ||
| Q4 24 | $4.4M | $-2.2M | ||
| Q3 24 | $14.7M | $-2.0M | ||
| Q2 24 | $-7.5M | $-8.0M | ||
| Q1 24 | $17.7M | $-20.5M |
自由现金流NREFVELO
| Q4 25 | — | $-8.3M | ||
| Q3 25 | — | $-6.3M | ||
| Q2 25 | — | $-3.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | — | $-8.0M | ||
| Q1 24 | — | $-20.5M |
自由现金流率NREFVELO
| Q4 25 | — | -88.3% | ||
| Q3 25 | — | -46.5% | ||
| Q2 25 | — | -22.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -17.7% | ||
| Q3 24 | — | -24.2% | ||
| Q2 24 | — | -77.1% | ||
| Q1 24 | — | -209.8% |
资本支出强度NREFVELO
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 13.3% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.1% |
现金转化率NREFVELO
| Q4 25 | -0.19× | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.15× | — | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | -0.62× | -8.52× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
