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Acadia Healthcare Company, Inc.（ACHC）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
Acadia Healthcare Company, Inc.的季度营收约是STARWOOD PROPERTY TRUST, INC.的1.7倍（$829.0M vs $492.9M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs 0.5%，领先19.1%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs 7.5%），过去两年Acadia Healthcare Company, Inc.的营收复合增速更高（2.0% vs -2.9%）
阿卡迪亚医疗公司是美国的营利性行为医疗健康服务提供商，目前在美国及波多黎各地区运营着超过225家医疗机构，搭建了覆盖广泛的行为健康服务网络，为有相关需求的人群提供专业的心理健康与行为干预服务。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
ACHC vs STWD — 直观对比
营收规模更大
ACHC
是对方的1.7倍
$492.9M
营收增速更快
STWD
高出1.0%
7.5%
净利率更高
STWD
高出19.1%
0.5%
两年增速更快
ACHC
近两年复合增速
-2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $829.0M | $492.9M |
| 净利润 | $4.5M | $96.9M |
| 毛利率 | — | — |
| 营业利润率 | — | 26.6% |
| 净利率 | 0.5% | 19.7% |
| 营收同比 | 7.5% | 8.5% |
| 净利润同比 | -50.8% | 87.7% |
| 每股收益（稀释后） | $0.05 | $0.25 |
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ACHCSTWD
| Q1 26 | $829.0M | — | ||
| Q4 25 | $821.5M | $492.9M | ||
| Q3 25 | $851.6M | $488.9M | ||
| Q2 25 | $869.2M | $444.3M | ||
| Q1 25 | $770.5M | $418.2M | ||
| Q4 24 | $774.2M | $454.4M | ||
| Q3 24 | $815.6M | $479.5M | ||
| Q2 24 | $796.0M | $489.8M |
净利润ACHCSTWD
| Q1 26 | $4.5M | — | ||
| Q4 25 | $-1.2B | $96.9M | ||
| Q3 25 | $36.2M | $72.6M | ||
| Q2 25 | $30.1M | $129.8M | ||
| Q1 25 | $8.4M | $112.3M | ||
| Q4 24 | $32.6M | $51.6M | ||
| Q3 24 | $68.1M | $76.1M | ||
| Q2 24 | $78.5M | $77.9M |
营业利润率ACHCSTWD
| Q1 26 | — | — | ||
| Q4 25 | -142.4% | 26.6% | ||
| Q3 25 | 4.7% | 19.1% | ||
| Q2 25 | 5.8% | 30.5% | ||
| Q1 25 | 1.7% | 28.7% | ||
| Q4 24 | 4.9% | 15.1% | ||
| Q3 24 | 12.1% | 17.2% | ||
| Q2 24 | 13.4% | 19.1% |
净利率ACHCSTWD
| Q1 26 | 0.5% | — | ||
| Q4 25 | -143.3% | 19.7% | ||
| Q3 25 | 4.3% | 14.8% | ||
| Q2 25 | 3.5% | 29.2% | ||
| Q1 25 | 1.1% | 26.8% | ||
| Q4 24 | 4.2% | 11.4% | ||
| Q3 24 | 8.4% | 15.9% | ||
| Q2 24 | 9.9% | 15.9% |
每股收益（稀释后）ACHCSTWD
| Q1 26 | $0.05 | — | ||
| Q4 25 | $-12.98 | $0.25 | ||
| Q3 25 | $0.40 | $0.19 | ||
| Q2 25 | $0.33 | $0.38 | ||
| Q1 25 | $0.09 | $0.33 | ||
| Q4 24 | $0.36 | $0.15 | ||
| Q3 24 | $0.74 | $0.23 | ||
| Q2 24 | $0.85 | $0.24 |
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 | $158.5M | $499.5M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $2.0B | $6.8B |
| 总资产 | $5.5B | $63.2B |
| 负债/权益比越低杠杆越低 | 1.29× | — |
8季度趋势，按日历期对齐
现金及短期投资ACHCSTWD
| Q1 26 | $158.5M | — | ||
| Q4 25 | $133.2M | $499.5M | ||
| Q3 25 | $118.7M | $301.1M | ||
| Q2 25 | $131.4M | $259.9M | ||
| Q1 25 | $91.2M | $440.6M | ||
| Q4 24 | $76.3M | $377.8M | ||
| Q3 24 | $82.1M | $357.9M | ||
| Q2 24 | $77.2M | $259.3M |
总债务ACHCSTWD
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.8B | — |
股东权益ACHCSTWD
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $6.8B | ||
| Q3 25 | $3.1B | $6.9B | ||
| Q2 25 | $3.1B | $6.4B | ||
| Q1 25 | $3.0B | $6.4B | ||
| Q4 24 | $3.1B | $6.4B | ||
| Q3 24 | $3.0B | $6.5B | ||
| Q2 24 | $3.0B | $6.2B |
总资产ACHCSTWD
| Q1 26 | $5.5B | — | ||
| Q4 25 | $5.5B | $63.2B | ||
| Q3 25 | $6.4B | $62.4B | ||
| Q2 25 | $6.3B | $62.4B | ||
| Q1 25 | $6.1B | $62.2B | ||
| Q4 24 | $6.0B | $62.6B | ||
| Q3 24 | $5.9B | $64.2B | ||
| Q2 24 | $5.7B | $64.1B |
负债/权益比ACHCSTWD
| Q1 26 | 1.29× | — | ||
| Q4 25 | 1.28× | — | ||
| Q3 25 | 0.74× | — | ||
| Q2 25 | 0.74× | — | ||
| Q1 25 | 0.72× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 0.62× | — |
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 | $61.5M | $488.8M |
| 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 | 13.78× | 5.04× |
| 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ACHCSTWD
| Q1 26 | $61.5M | — | ||
| Q4 25 | $-86.3M | $488.8M | ||
| Q3 25 | $73.2M | $337.6M | ||
| Q2 25 | $133.5M | $-87.4M | ||
| Q1 25 | $11.5M | $238.9M | ||
| Q4 24 | $116.7M | $295.6M | ||
| Q3 24 | $163.1M | $241.8M | ||
| Q2 24 | $171.1M | $53.3M |
自由现金流ACHCSTWD
| Q1 26 | — | — | ||
| Q4 25 | $-179.5M | — | ||
| Q3 25 | $-63.0M | — | ||
| Q2 25 | $-34.2M | — | ||
| Q1 25 | $-163.2M | — | ||
| Q4 24 | $-86.8M | — | ||
| Q3 24 | $-27.1M | — | ||
| Q2 24 | $16.9M | — |
自由现金流率ACHCSTWD
| Q1 26 | — | — | ||
| Q4 25 | -21.8% | — | ||
| Q3 25 | -7.4% | — | ||
| Q2 25 | -3.9% | — | ||
| Q1 25 | -21.2% | — | ||
| Q4 24 | -11.2% | — | ||
| Q3 24 | -3.3% | — | ||
| Q2 24 | 2.1% | — |
资本支出强度ACHCSTWD
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | — | ||
| Q3 25 | 16.0% | — | ||
| Q2 25 | 19.3% | — | ||
| Q1 25 | 22.7% | — | ||
| Q4 24 | 26.3% | — | ||
| Q3 24 | 23.3% | — | ||
| Q2 24 | 19.4% | — |
现金转化率ACHCSTWD
| Q1 26 | 13.78× | — | ||
| Q4 25 | — | 5.04× | ||
| Q3 25 | 2.02× | 4.65× | ||
| Q2 25 | 4.43× | -0.67× | ||
| Q1 25 | 1.37× | 2.13× | ||
| Q4 24 | 3.58× | 5.72× | ||
| Q3 24 | 2.39× | 3.18× | ||
| Q2 24 | 2.18× | 0.68× |
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
ACHC
| Acute Inpatient Psychiatric Facilities | $471.0M | 57% |
| Other | $140.0M | 17% |
| Specialty Treatment Facilities | $128.0M | 15% |
| Residential Treatment Facilities | $90.0M | 11% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
