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NexPoint Real Estate Finance, Inc.（NREF）与WINMARK CORP（WINA）财务数据对比。点击上方公司名可切换其他公司
WINMARK CORP的季度营收约是NexPoint Real Estate Finance, Inc.的1.9倍（$21.1M vs $11.1M），NexPoint Real Estate Finance, Inc.净利率更高（216.6% vs 47.2%，领先169.4%），WINMARK CORP同比增速更快（7.9% 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。
温马克公司是美国的二手商品零售特许经营商，总部位于明尼苏达州明尼阿波利斯，旗下运营五大零售品牌，专注于二手商品的收售业务。公司1988年由罗恩·奥尔森与杰弗里·达尔伯格创立，最初名为Play It Again Sports特许经营公司，1993年更名为Grow Biz国际并于同年上市。
NREF vs WINA — 直观对比
营收规模更大
WINA
是对方的1.9倍
$11.1M
营收增速更快
WINA
高出56.7%
-48.8%
净利率更高
NREF
高出169.4%
47.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $11.1M | $21.1M |
| 净利润 | $24.0M | $10.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 61.7% |
| 净利率 | 216.6% | 47.2% |
| 营收同比 | -48.8% | 7.9% |
| 净利润同比 | 58.7% | 3.9% |
| 每股收益（稀释后） | $0.47 | $2.68 |
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NREFWINA
| Q4 25 | $11.1M | $21.1M | ||
| Q3 25 | $12.5M | $22.6M | ||
| Q2 25 | $12.1M | $20.4M | ||
| Q1 25 | $11.5M | $21.9M | ||
| Q4 24 | $21.7M | $19.5M | ||
| Q3 24 | $12.5M | $21.5M | ||
| Q2 24 | $6.7M | $20.1M | ||
| Q1 24 | $-12.8M | $20.1M |
净利润NREFWINA
| Q4 25 | $24.0M | $10.0M | ||
| Q3 25 | $50.9M | $11.1M | ||
| Q2 25 | $22.3M | $10.6M | ||
| Q1 25 | $26.0M | $10.0M | ||
| Q4 24 | $15.2M | $9.6M | ||
| Q3 24 | $23.3M | $11.1M | ||
| Q2 24 | $12.1M | $10.4M | ||
| Q1 24 | $-14.6M | $8.8M |
营业利润率NREFWINA
| Q4 25 | — | 61.7% | ||
| Q3 25 | — | 65.9% | ||
| Q2 25 | — | 64.0% | ||
| Q1 25 | — | 62.0% | ||
| Q4 24 | — | 65.3% | ||
| Q3 24 | — | 69.4% | ||
| Q2 24 | — | 64.7% | ||
| Q1 24 | — | 60.8% |
净利率NREFWINA
| Q4 25 | 216.6% | 47.2% | ||
| Q3 25 | 407.0% | 49.2% | ||
| Q2 25 | 184.5% | 51.9% | ||
| Q1 25 | 225.6% | 45.4% | ||
| Q4 24 | 69.9% | 49.0% | ||
| Q3 24 | 186.4% | 51.7% | ||
| Q2 24 | 179.7% | 51.8% | ||
| Q1 24 | 114.3% | 43.9% |
每股收益（稀释后）NREFWINA
| Q4 25 | $0.47 | $2.68 | ||
| Q3 25 | $1.14 | $3.02 | ||
| Q2 25 | $0.54 | $2.89 | ||
| Q1 25 | $0.70 | $2.71 | ||
| Q4 24 | $0.71 | $2.60 | ||
| Q3 24 | $0.74 | $3.03 | ||
| Q2 24 | $0.40 | $2.85 | ||
| Q1 24 | $-0.83 | $2.41 |
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 | $10.3M |
| 总债务越低越好 | $771.2M | — |
| 股东权益账面价值 | $388.0M | $-53.7M |
| 总资产 | $5.3B | $24.9M |
| 负债/权益比越低杠杆越低 | 1.99× | — |
8季度趋势，按日历期对齐
现金及短期投资NREFWINA
| Q4 25 | $31.1M | $10.3M | ||
| Q3 25 | $17.9M | $39.7M | ||
| Q2 25 | $9.1M | $28.8M | ||
| Q1 25 | $19.2M | $21.8M | ||
| Q4 24 | $3.9M | $12.2M | ||
| Q3 24 | $34.7M | $37.2M | ||
| Q2 24 | $4.3M | $29.4M | ||
| Q1 24 | $13.5M | $22.9M |
总债务NREFWINA
| Q4 25 | $771.2M | — | ||
| Q3 25 | $720.9M | — | ||
| Q2 25 | $815.6M | — | ||
| Q1 25 | $831.5M | — | ||
| Q4 24 | $799.3M | — | ||
| Q3 24 | $815.5M | — | ||
| Q2 24 | $861.0M | — | ||
| Q1 24 | $843.3M | — |
股东权益NREFWINA
| Q4 25 | $388.0M | $-53.7M | ||
| Q3 25 | $375.4M | $-26.3M | ||
| Q2 25 | $348.2M | $-36.8M | ||
| Q1 25 | $343.7M | $-45.9M | ||
| Q4 24 | $336.5M | $-51.0M | ||
| Q3 24 | $335.8M | $-33.7M | ||
| Q2 24 | $327.5M | $-42.2M | ||
| Q1 24 | $327.1M | $-52.6M |
总资产NREFWINA
| Q4 25 | $5.3B | $24.9M | ||
| Q3 25 | $5.3B | $53.7M | ||
| Q2 25 | $5.4B | $43.2M | ||
| Q1 25 | $5.4B | $37.1M | ||
| Q4 24 | $5.4B | $26.8M | ||
| Q3 24 | $5.7B | $52.0M | ||
| Q2 24 | $6.6B | $44.7M | ||
| Q1 24 | $7.1B | $38.3M |
负债/权益比NREFWINA
| Q4 25 | 1.99× | — | ||
| Q3 25 | 1.92× | — | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 2.42× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 2.43× | — | ||
| Q2 24 | 2.63× | — | ||
| Q1 24 | 2.58× | — |
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 | $8.5M |
| 自由现金流经营现金流 - 资本支出 | — | $8.5M |
| 自由现金流率自由现金流/营收 | — | 40.3% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | -0.19× | 0.86× |
| 过去12个月自由现金流最近4个季度 | — | $44.7M |
8季度趋势，按日历期对齐
经营现金流NREFWINA
| Q4 25 | $-4.5M | $8.5M | ||
| Q3 25 | $8.1M | $12.3M | ||
| Q2 25 | $3.3M | $9.0M | ||
| Q1 25 | $16.0M | $15.1M | ||
| Q4 24 | $4.4M | $8.5M | ||
| Q3 24 | $14.7M | $12.1M | ||
| Q2 24 | $-7.5M | $8.2M | ||
| Q1 24 | $17.7M | $13.4M |
自由现金流NREFWINA
| Q4 25 | — | $8.5M | ||
| Q3 25 | — | $12.2M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | — | $15.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $12.1M | ||
| Q2 24 | — | $8.1M | ||
| Q1 24 | — | $13.3M |
自由现金流率NREFWINA
| Q4 25 | — | 40.3% | ||
| Q3 25 | — | 53.8% | ||
| Q2 25 | — | 44.0% | ||
| Q1 25 | — | 68.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 56.3% | ||
| Q2 24 | — | 40.4% | ||
| Q1 24 | — | 66.0% |
资本支出强度NREFWINA
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.4% |
现金转化率NREFWINA
| Q4 25 | -0.19× | 0.86× | ||
| Q3 25 | 0.16× | 1.10× | ||
| Q2 25 | 0.15× | 0.85× | ||
| Q1 25 | 0.62× | 1.51× | ||
| Q4 24 | 0.29× | 0.88× | ||
| Q3 24 | 0.63× | 1.09× | ||
| Q2 24 | -0.62× | 0.79× | ||
| Q1 24 | — | 1.52× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
