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NexPoint Real Estate Finance, Inc.（NREF）与Zeo Energy Corp.（ZEO）财务数据对比。点击上方公司名可切换其他公司
Zeo Energy Corp.的季度营收约是NexPoint Real Estate Finance, Inc.的1.7倍（$18.6M vs $11.1M），NexPoint Real Estate Finance, Inc.净利率更高（216.6% vs -10.8%，领先227.4%），Zeo Energy Corp.同比增速更快（-0.4% 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。
NREF vs ZEO — 直观对比
营收规模更大
ZEO
是对方的1.7倍
$11.1M
营收增速更快
ZEO
高出48.4%
-48.8%
净利率更高
NREF
高出227.4%
-10.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $11.1M | $18.6M |
| 净利润 | $24.0M | $-2.0M |
| 毛利率 | — | — |
| 营业利润率 | — | -11.8% |
| 净利率 | 216.6% | -10.8% |
| 营收同比 | -48.8% | -0.4% |
| 净利润同比 | 58.7% | -360.9% |
| 每股收益（稀释后） | $0.47 | — |
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NREFZEO
| Q4 25 | $11.1M | $18.6M | ||
| Q3 25 | $12.5M | $23.9M | ||
| Q2 25 | $12.1M | $18.1M | ||
| Q1 25 | $11.5M | $8.8M | ||
| Q4 24 | $21.7M | $18.6M | ||
| Q3 24 | $12.5M | $19.7M | ||
| Q2 24 | $6.7M | $14.8M | ||
| Q1 24 | $-12.8M | $20.1M |
净利润NREFZEO
| Q4 25 | $24.0M | $-2.0M | ||
| Q3 25 | $50.9M | $-3.2M | ||
| Q2 25 | $22.3M | $-2.4M | ||
| Q1 25 | $26.0M | $-6.4M | ||
| Q4 24 | $15.2M | $-435.3K | ||
| Q3 24 | $23.3M | $-424.3K | ||
| Q2 24 | $12.1M | $-277.8K | ||
| Q1 24 | $-14.6M | $-1.5M |
毛利率NREFZEO
| Q4 25 | — | — | ||
| Q3 25 | — | 57.9% | ||
| Q2 25 | — | 59.8% | ||
| Q1 25 | — | 99.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 50.2% | ||
| Q2 24 | — | 52.3% | ||
| Q1 24 | — | — |
营业利润率NREFZEO
| Q4 25 | — | -11.8% | ||
| Q3 25 | — | -8.3% | ||
| Q2 25 | — | -15.8% | ||
| Q1 25 | — | -153.8% | ||
| Q4 24 | — | -6.0% | ||
| Q3 24 | — | -15.2% | ||
| Q2 24 | — | -18.0% | ||
| Q1 24 | — | -20.1% |
净利率NREFZEO
| Q4 25 | 216.6% | -10.8% | ||
| Q3 25 | 407.0% | -13.5% | ||
| Q2 25 | 184.5% | -13.3% | ||
| Q1 25 | 225.6% | -72.4% | ||
| Q4 24 | 69.9% | -2.3% | ||
| Q3 24 | 186.4% | -2.2% | ||
| Q2 24 | 179.7% | -1.9% | ||
| Q1 24 | 114.3% | -7.6% |
每股收益（稀释后）NREFZEO
| Q4 25 | $0.47 | — | ||
| Q3 25 | $1.14 | — | ||
| Q2 25 | $0.54 | — | ||
| Q1 25 | $0.70 | $-0.48 | ||
| Q4 24 | $0.71 | $1.11 | ||
| Q3 24 | $0.74 | $-0.08 | ||
| Q2 24 | $0.40 | $0.03 | ||
| Q1 24 | $-0.83 | $-1.54 |
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 | $6.1M |
| 总债务越低越好 | $771.2M | $79.1K |
| 股东权益账面价值 | $388.0M | $5.3M |
| 总资产 | $5.3B | $56.9M |
| 负债/权益比越低杠杆越低 | 1.99× | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资NREFZEO
| Q4 25 | $31.1M | $6.1M | ||
| Q3 25 | $17.9M | $3.9M | ||
| Q2 25 | $9.1M | $68.7K | ||
| Q1 25 | $19.2M | $2.9M | ||
| Q4 24 | $3.9M | $5.6M | ||
| Q3 24 | $34.7M | $4.3M | ||
| Q2 24 | $4.3M | $5.3M | ||
| Q1 24 | $13.5M | — |
总债务NREFZEO
| Q4 25 | $771.2M | $79.1K | ||
| Q3 25 | $720.9M | $84.6K | ||
| Q2 25 | $815.6M | $642.8K | ||
| Q1 25 | $831.5M | $715.4K | ||
| Q4 24 | $799.3M | $787.7K | ||
| Q3 24 | $815.5M | $858.6K | ||
| Q2 24 | $861.0M | $1.6M | ||
| Q1 24 | $843.3M | $748.8K |
股东权益NREFZEO
| Q4 25 | $388.0M | $5.3M | ||
| Q3 25 | $375.4M | $-1.7M | ||
| Q2 25 | $348.2M | $-59.4M | ||
| Q1 25 | $343.7M | $-23.1M | ||
| Q4 24 | $336.5M | $-88.9M | ||
| Q3 24 | $335.8M | $-39.3M | ||
| Q2 24 | $327.5M | $-53.0M | ||
| Q1 24 | $327.1M | $-173.0M |
总资产NREFZEO
| Q4 25 | $5.3B | $56.9M | ||
| Q3 25 | $5.3B | $58.5M | ||
| Q2 25 | $5.4B | $46.2M | ||
| Q1 25 | $5.4B | $47.4M | ||
| Q4 24 | $5.4B | $61.0M | ||
| Q3 24 | $5.7B | $47.1M | ||
| Q2 24 | $6.6B | $49.1M | ||
| Q1 24 | $7.1B | $50.1M |
负债/权益比NREFZEO
| Q4 25 | 1.99× | 0.01× | ||
| 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 | $2.4M |
| 自由现金流经营现金流 - 资本支出 | — | $2.3M |
| 自由现金流率自由现金流/营收 | — | 12.2% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 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 | — | $-9.9M |
8季度趋势，按日历期对齐
经营现金流NREFZEO
| Q4 25 | $-4.5M | $2.4M | ||
| Q3 25 | $8.1M | $-6.6M | ||
| Q2 25 | $3.3M | $-2.3M | ||
| Q1 25 | $16.0M | $-2.3M | ||
| Q4 24 | $4.4M | $3.5M | ||
| Q3 24 | $14.7M | $162.2K | ||
| Q2 24 | $-7.5M | $-2.2M | ||
| Q1 24 | $17.7M | $-10.2M |
自由现金流NREFZEO
| Q4 25 | — | $2.3M | ||
| Q3 25 | — | $-6.8M | ||
| Q2 25 | — | $-2.7M | ||
| Q1 25 | — | $-2.6M | ||
| Q4 24 | — | $3.4M | ||
| Q3 24 | — | $116.5K | ||
| Q2 24 | — | $-2.3M | ||
| Q1 24 | — | $-10.4M |
自由现金流率NREFZEO
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | -28.6% | ||
| Q2 25 | — | -15.0% | ||
| Q1 25 | — | -30.0% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | -15.6% | ||
| Q1 24 | — | -51.5% |
资本支出强度NREFZEO
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.1% |
现金转化率NREFZEO
| 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× | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
NREF
暂无分部数据
ZEO
| Nonrelated Party | $18.1M | 98% |
| Related Party | $432.1K | 2% |
