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ADAMAS TRUST, INC.（ADAM）与W. P. Carey Inc.（WPC）财务数据对比。点击上方公司名可切换其他公司
W. P. Carey Inc.的季度营收约是ADAMAS TRUST, INC.的10.3倍（$444.5M vs $43.2M）。ADAMAS TRUST, INC.净利率更高（124.0% vs 33.4%，领先90.6%）。ADAMAS TRUST, INC.同比增速更快（61.6% vs 9.4%）。过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs 6.8%）
W.P.凯里是一家房地产投资信托企业，主打投资以三净租赁模式租予单一租户的物业。公司注册地位于美国马里兰州，核心办公地点设在纽约市，深耕商业地产投资领域，拥有成熟的运营经验与优质的项目资源。
ADAM vs WPC — 直观对比
营收规模更大
WPC
是对方的10.3倍
$43.2M
营收增速更快
ADAM
高出52.2%
9.4%
净利率更高
ADAM
高出90.6%
33.4%
两年增速更快
ADAM
近两年复合增速
6.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $444.5M |
| 净利润 | $53.5M | $148.3M |
| 毛利率 | — | — |
| 营业利润率 | — | 34.5% |
| 净利率 | 124.0% | 33.4% |
| 营收同比 | 61.6% | 9.4% |
| 净利润同比 | 270.5% | 215.4% |
| 每股收益（稀释后） | $0.45 | — |
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ADAMWPC
| Q4 25 | $43.2M | $444.5M | ||
| Q3 25 | $36.6M | $431.3M | ||
| Q2 25 | $36.4M | $430.8M | ||
| Q1 25 | $33.1M | $409.9M | ||
| Q4 24 | $26.7M | $406.2M | ||
| Q3 24 | $20.2M | $397.4M | ||
| Q2 24 | $19.0M | $389.7M | ||
| Q1 24 | $17.9M | $389.8M |
净利润ADAMWPC
| Q4 25 | $53.5M | $148.3M | ||
| Q3 25 | $44.8M | $141.0M | ||
| Q2 25 | $8.5M | $51.2M | ||
| Q1 25 | $42.2M | $125.8M | ||
| Q4 24 | $-31.4M | $47.0M | ||
| Q3 24 | $42.8M | $111.7M | ||
| Q2 24 | $-15.6M | $142.9M | ||
| Q1 24 | $-57.9M | $159.2M |
营业利润率ADAMWPC
| Q4 25 | — | 34.5% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | 11.7% | 15.0% | ||
| Q1 25 | — | 33.5% | ||
| Q4 24 | -119.0% | 13.5% | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | -124.7% | 38.3% | ||
| Q1 24 | -448.8% | 43.0% |
净利率ADAMWPC
| Q4 25 | 124.0% | 33.4% | ||
| Q3 25 | 122.5% | 32.7% | ||
| Q2 25 | 23.4% | 11.9% | ||
| Q1 25 | 127.4% | 30.7% | ||
| Q4 24 | -117.5% | 11.6% | ||
| Q3 24 | 211.7% | 28.1% | ||
| Q2 24 | -81.9% | 36.7% | ||
| Q1 24 | -324.1% | 40.8% |
每股收益（稀释后）ADAMWPC
| Q4 25 | $0.45 | — | ||
| Q3 25 | $0.36 | — | ||
| Q2 25 | $-0.04 | — | ||
| Q1 25 | $0.33 | — | ||
| Q4 24 | $-0.46 | — | ||
| Q3 24 | $0.36 | — | ||
| Q2 24 | $-0.29 | — | ||
| Q1 24 | $-0.75 | — |
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 | $155.3M |
| 总债务越低越好 | $735.8M | $8.7B |
| 股东权益账面价值 | $1.4B | $8.1B |
| 总资产 | $12.6B | $18.0B |
| 负债/权益比越低杠杆越低 | 0.52× | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资ADAMWPC
| Q4 25 | $210.3M | $155.3M | ||
| Q3 25 | $185.3M | $249.0M | ||
| Q2 25 | $160.4M | $244.8M | ||
| Q1 25 | $177.1M | $187.8M | ||
| Q4 24 | $167.4M | $640.4M | ||
| Q3 24 | $195.1M | $818.2M | ||
| Q2 24 | $235.5M | $1.1B | ||
| Q1 24 | $226.9M | $777.0M |
总债务ADAMWPC
| Q4 25 | $735.8M | $8.7B | ||
| Q3 25 | $766.6M | $8.7B | ||
| Q2 25 | $653.0M | $8.6B | ||
| Q1 25 | $654.4M | $7.9B | ||
| Q4 24 | $573.2M | $8.0B | ||
| Q3 24 | $699.4M | $8.0B | ||
| Q2 24 | $800.7M | $8.1B | ||
| Q1 24 | $1.0B | $7.9B |
股东权益ADAMWPC
| Q4 25 | $1.4B | $8.1B | ||
| Q3 25 | $1.4B | $8.2B | ||
| Q2 25 | $1.4B | $8.2B | ||
| Q1 25 | $1.4B | $8.4B | ||
| Q4 24 | $1.4B | $8.4B | ||
| Q3 24 | $1.4B | $8.6B | ||
| Q2 24 | $1.4B | $8.6B | ||
| Q1 24 | $1.5B | $8.7B |
总资产ADAMWPC
| Q4 25 | $12.6B | $18.0B | ||
| Q3 25 | $12.4B | $18.0B | ||
| Q2 25 | $10.6B | $18.0B | ||
| Q1 25 | $10.0B | $17.3B | ||
| Q4 24 | $9.2B | $17.5B | ||
| Q3 24 | $8.9B | $17.6B | ||
| Q2 24 | $8.2B | $17.8B | ||
| Q1 24 | $7.4B | $17.6B |
负债/权益比ADAMWPC
| Q4 25 | 0.52× | 1.07× | ||
| Q3 25 | 0.55× | 1.06× | ||
| Q2 25 | 0.47× | 1.05× | ||
| Q1 25 | 0.47× | 0.94× | ||
| Q4 24 | 0.41× | 0.95× | ||
| Q3 24 | 0.48× | 0.93× | ||
| Q2 24 | 0.56× | 0.94× | ||
| Q1 24 | 0.67× | 0.91× |
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 | $62.1M | $304.6M |
| 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 | 1.16× | 2.05× |
| 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ADAMWPC
| Q4 25 | $62.1M | $304.6M | ||
| Q3 25 | $6.9M | $300.5M | ||
| Q2 25 | $39.2M | $404.0M | ||
| Q1 25 | $25.8M | $273.2M | ||
| Q4 24 | $29.1M | $296.3M | ||
| Q3 24 | $-922.0K | $280.2M | ||
| Q2 24 | $-993.0K | $221.0M | ||
| Q1 24 | $-13.1M | $1.0B |
自由现金流ADAMWPC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $25.7M | — | ||
| Q3 24 | $-8.6M | — | ||
| Q2 24 | $-8.6M | — | ||
| Q1 24 | $-19.1M | — |
自由现金流率ADAMWPC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 96.1% | — | ||
| Q3 24 | -42.3% | — | ||
| Q2 24 | -44.9% | — | ||
| Q1 24 | -107.0% | — |
资本支出强度ADAMWPC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 39.7% | — | ||
| Q1 24 | 33.5% | — |
现金转化率ADAMWPC
| Q4 25 | 1.16× | 2.05× | ||
| Q3 25 | 0.15× | 2.13× | ||
| Q2 25 | 4.59× | 7.89× | ||
| Q1 25 | 0.61× | 2.17× | ||
| Q4 24 | — | 6.30× | ||
| Q3 24 | -0.02× | 2.51× | ||
| Q2 24 | — | 1.55× | ||
| Q1 24 | — | 6.50× |
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% |
WPC
暂无分部数据
