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ADAMAS TRUST, INC.（ADAM）与牛津地产（IIPR）财务数据对比。点击上方公司名可切换其他公司
牛津地产的季度营收约是ADAMAS TRUST, INC.的1.5倍（$66.7M vs $43.2M），ADAMAS TRUST, INC.净利率更高（124.0% vs 47.8%，领先76.2%），ADAMAS TRUST, INC.同比增速更快（61.6% vs -13.1%），过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs -6.0%）
牛津地产是一家加拿大跨国企业，业务涵盖房地产投资、开发与物业管理。其投资组合包含写字楼、零售、工业、多户住宅、生命科学及酒店类资产。该公司1960年以私营企业形式创立，自2003年起成为安大略省市政雇员退休系统（OMERS）的全资子公司，总部设于多伦多，在纽约、伦敦、澳大利亚、新加坡及卢森堡均设有区域总部。
ADAM vs IIPR — 直观对比
营收规模更大
IIPR
是对方的1.5倍
$43.2M
营收增速更快
ADAM
高出74.8%
-13.1%
净利率更高
ADAM
高出76.2%
47.8%
两年增速更快
ADAM
近两年复合增速
-6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $66.7M |
| 净利润 | $53.5M | $31.8M |
| 毛利率 | — | — |
| 营业利润率 | — | 47.8% |
| 净利率 | 124.0% | 47.8% |
| 营收同比 | 61.6% | -13.1% |
| 净利润同比 | 270.5% | -20.4% |
| 每股收益（稀释后） | $0.45 | $1.07 |
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ADAMIIPR
| Q4 25 | $43.2M | $66.7M | ||
| Q3 25 | $36.6M | $64.7M | ||
| Q2 25 | $36.4M | $62.9M | ||
| Q1 25 | $33.1M | $71.7M | ||
| Q4 24 | $26.7M | $76.7M | ||
| Q3 24 | $20.2M | $76.5M | ||
| Q2 24 | $19.0M | $79.8M | ||
| Q1 24 | $17.9M | $75.5M |
净利润ADAMIIPR
| Q4 25 | $53.5M | $31.8M | ||
| Q3 25 | $44.8M | $29.3M | ||
| Q2 25 | $8.5M | $26.0M | ||
| Q1 25 | $42.2M | $31.1M | ||
| Q4 24 | $-31.4M | $40.0M | ||
| Q3 24 | $42.8M | $40.2M | ||
| Q2 24 | $-15.6M | $42.0M | ||
| Q1 24 | $-57.9M | $39.4M |
营业利润率ADAMIIPR
| Q4 25 | — | 47.8% | ||
| Q3 25 | — | 45.5% | ||
| Q2 25 | 11.7% | 45.9% | ||
| Q1 25 | — | 47.4% | ||
| Q4 24 | -119.0% | 54.7% | ||
| Q3 24 | — | 54.8% | ||
| Q2 24 | -124.7% | 53.1% | ||
| Q1 24 | -448.8% | 55.7% |
净利率ADAMIIPR
| Q4 25 | 124.0% | 47.8% | ||
| Q3 25 | 122.5% | 45.3% | ||
| Q2 25 | 23.4% | 41.4% | ||
| Q1 25 | 127.4% | 43.3% | ||
| Q4 24 | -117.5% | 52.2% | ||
| Q3 24 | 211.7% | 52.6% | ||
| Q2 24 | -81.9% | 52.6% | ||
| Q1 24 | -324.1% | 52.3% |
每股收益（稀释后）ADAMIIPR
| Q4 25 | $0.45 | $1.07 | ||
| Q3 25 | $0.36 | $0.97 | ||
| Q2 25 | $-0.04 | $0.86 | ||
| Q1 25 | $0.33 | $1.03 | ||
| Q4 24 | $-0.46 | $1.35 | ||
| Q3 24 | $0.36 | $1.37 | ||
| Q2 24 | $-0.29 | $1.44 | ||
| Q1 24 | $-0.75 | $1.36 |
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 | $210.3M | $47.6M |
| 总债务越低越好 | $735.8M | $393.7M |
| 股东权益账面价值 | $1.4B | $1.8B |
| 总资产 | $12.6B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.52× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资ADAMIIPR
| Q4 25 | $210.3M | $47.6M | ||
| Q3 25 | $185.3M | $41.9M | ||
| Q2 25 | $160.4M | $104.9M | ||
| Q1 25 | $177.1M | $133.3M | ||
| Q4 24 | $167.4M | $151.2M | ||
| Q3 24 | $195.1M | $172.4M | ||
| Q2 24 | $235.5M | $160.9M | ||
| Q1 24 | $226.9M | $173.5M |
总债务ADAMIIPR
| Q4 25 | $735.8M | $393.7M | ||
| Q3 25 | $766.6M | — | ||
| Q2 25 | $653.0M | — | ||
| Q1 25 | $654.4M | — | ||
| Q4 24 | $573.2M | — | ||
| Q3 24 | $699.4M | — | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | — |
股东权益ADAMIIPR
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.4B | $1.9B | ||
| Q3 24 | $1.4B | $1.9B | ||
| Q2 24 | $1.4B | $1.9B | ||
| Q1 24 | $1.5B | $2.0B |
总资产ADAMIIPR
| Q4 25 | $12.6B | $2.4B | ||
| Q3 25 | $12.4B | $2.3B | ||
| Q2 25 | $10.6B | $2.3B | ||
| Q1 25 | $10.0B | $2.4B | ||
| Q4 24 | $9.2B | $2.4B | ||
| Q3 24 | $8.9B | $2.4B | ||
| Q2 24 | $8.2B | $2.4B | ||
| Q1 24 | $7.4B | $2.4B |
负债/权益比ADAMIIPR
| Q4 25 | 0.52× | 0.21× | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.67× | — |
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 | $134.0M | $198.2M |
| 自由现金流经营现金流 - 资本支出 | $125.9M | — |
| 自由现金流率自由现金流/营收 | 291.6% | — |
| 资本支出强度资本支出/营收 | 18.9% | — |
| 现金转化率经营现金流/净利润 | 2.50× | 6.22× |
| 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ADAMIIPR
| Q4 25 | $134.0M | $198.2M | ||
| Q3 25 | $6.9M | $45.6M | ||
| Q2 25 | $39.2M | $48.4M | ||
| Q1 25 | $25.8M | $54.2M | ||
| Q4 24 | $14.1M | $258.4M | ||
| Q3 24 | $-922.0K | $64.9M | ||
| Q2 24 | $-993.0K | $64.2M | ||
| Q1 24 | $-13.1M | $71.6M |
自由现金流ADAMIIPR
| Q4 25 | $125.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-10.6M | — | ||
| Q3 24 | $-8.6M | — | ||
| Q2 24 | $-8.6M | — | ||
| Q1 24 | $-19.1M | — |
自由现金流率ADAMIIPR
| Q4 25 | 291.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -39.6% | — | ||
| Q3 24 | -42.3% | — | ||
| Q2 24 | -44.9% | — | ||
| Q1 24 | -107.0% | — |
资本支出强度ADAMIIPR
| Q4 25 | 18.9% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 92.3% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 39.7% | — | ||
| Q1 24 | 33.5% | — |
现金转化率ADAMIIPR
| Q4 25 | 2.50× | 6.22× | ||
| Q3 25 | 0.15× | 1.56× | ||
| Q2 25 | 4.59× | 1.86× | ||
| Q1 25 | 0.61× | 1.75× | ||
| Q4 24 | — | 6.46× | ||
| Q3 24 | -0.02× | 1.61× | ||
| Q2 24 | — | 1.53× | ||
| Q1 24 | — | 1.82× |
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
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
IIPR
暂无分部数据
