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Armada Hoffler Properties, Inc.（AHH）与戴德梁行（CWK）财务数据对比。点击上方公司名可切换其他公司
戴德梁行的季度营收约是Armada Hoffler Properties, Inc.的38.5倍（$2.9B vs $75.6M）。Armada Hoffler Properties, Inc.净利率更高（3.1% vs -0.8%，领先3.9%）。戴德梁行同比增速更快（10.8% vs 0.8%）。过去两年戴德梁行的营收复合增速更高（15.5% vs -22.8%）
Armada Hoffler Properties是一家公开上市的房地产投资信托，业务覆盖美国大西洋中部及东南部地区，开发、持有并运营涵盖办公、零售、多户住宅的多元化优质物业组合，同时为第三方客户提供全链条建筑开发服务。
戴德梁行是全球化的商业地产及物业管理服务提供商，总部位于美国伊利诺伊州芝加哥，由联合创始人J·克莱兹代尔·库什曼和伯纳德·韦克菲尔德共同创立，在全球商业地产服务领域拥有广泛的业务布局与专业服务能力，为各类客户提供定制化的地产相关解决方案。
AHH vs CWK — 直观对比
营收规模更大
CWK
是对方的38.5倍
$75.6M
营收增速更快
CWK
高出10.0%
0.8%
净利率更高
AHH
高出3.9%
-0.8%
两年增速更快
CWK
近两年复合增速
-22.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $75.6M | $2.9B |
| 净利润 | $2.4M | $-22.4M |
| 毛利率 | — | — |
| 营业利润率 | 31.0% | 6.1% |
| 净利率 | 3.1% | -0.8% |
| 营收同比 | 0.8% | 10.8% |
| 净利润同比 | -89.8% | -119.8% |
| 每股收益（稀释后） | $0.00 | $-0.10 |
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AHHCWK
| Q4 25 | $75.6M | $2.9B | ||
| Q3 25 | $23.2M | $2.6B | ||
| Q2 25 | $32.0M | $2.5B | ||
| Q1 25 | $46.6M | $2.3B | ||
| Q4 24 | $75.0M | $2.6B | ||
| Q3 24 | $114.4M | $2.3B | ||
| Q2 24 | $116.8M | $2.3B | ||
| Q1 24 | $127.0M | $2.2B |
净利润AHHCWK
| Q4 25 | $2.4M | $-22.4M | ||
| Q3 25 | $80.0K | $51.4M | ||
| Q2 25 | $5.9M | $57.3M | ||
| Q1 25 | $-2.8M | $1.9M | ||
| Q4 24 | $23.4M | $112.9M | ||
| Q3 24 | $-5.0M | $33.7M | ||
| Q2 24 | $3.2M | $13.5M | ||
| Q1 24 | $14.1M | $-28.8M |
毛利率AHHCWK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 45.0% | — | ||
| Q2 24 | 41.8% | — | ||
| Q1 24 | 37.9% | — |
营业利润率AHHCWK
| Q4 25 | 31.0% | 6.1% | ||
| Q3 25 | 91.5% | 4.1% | ||
| Q2 25 | 63.9% | 4.9% | ||
| Q1 25 | 33.8% | 2.0% | ||
| Q4 24 | 50.1% | 6.6% | ||
| Q3 24 | 19.0% | 3.2% | ||
| Q2 24 | 11.9% | 3.1% | ||
| Q1 24 | 15.1% | 0.9% |
净利率AHHCWK
| Q4 25 | 3.1% | -0.8% | ||
| Q3 25 | 0.3% | 2.0% | ||
| Q2 25 | 18.6% | 2.3% | ||
| Q1 25 | -6.0% | 0.1% | ||
| Q4 24 | 31.2% | 4.3% | ||
| Q3 24 | -4.4% | 1.4% | ||
| Q2 24 | 2.7% | 0.6% | ||
| Q1 24 | 11.1% | -1.3% |
每股收益（稀释后）AHHCWK
| Q4 25 | $0.00 | $-0.10 | ||
| Q3 25 | $-0.04 | $0.22 | ||
| Q2 25 | $0.04 | $0.25 | ||
| Q1 25 | $-0.07 | $0.01 | ||
| Q4 24 | $0.28 | $0.49 | ||
| Q3 24 | $-0.11 | $0.14 | ||
| Q2 24 | $0.00 | $0.06 | ||
| Q1 24 | $0.17 | $-0.13 |
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 | $49.1M | $784.2M |
| 总债务越低越好 | $1.5B | $2.7B |
| 股东权益账面价值 | $627.8M | $2.0B |
| 总资产 | $2.6B | $7.7B |
| 负债/权益比越低杠杆越低 | 2.43× | 1.40× |
8季度趋势，按日历期对齐
现金及短期投资AHHCWK
| Q4 25 | $49.1M | $784.2M | ||
| Q3 25 | $46.5M | $634.4M | ||
| Q2 25 | $52.1M | $618.2M | ||
| Q1 25 | $45.7M | $623.2M | ||
| Q4 24 | $31.9M | $793.3M | ||
| Q3 24 | $43.9M | $775.4M | ||
| Q2 24 | $20.3M | $567.3M | ||
| Q1 24 | $41.9M | $553.5M |
总债务AHHCWK
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.5B | $2.8B | ||
| Q2 25 | $1.4B | $3.0B | ||
| Q1 25 | $1.3B | $3.0B | ||
| Q4 24 | $1.3B | $3.0B | ||
| Q3 24 | $1.3B | $3.1B | ||
| Q2 24 | $1.4B | $3.1B | ||
| Q1 24 | $1.4B | $3.2B |
股东权益AHHCWK
| Q4 25 | $627.8M | $2.0B | ||
| Q3 25 | $638.8M | $2.0B | ||
| Q2 25 | $652.0M | $1.9B | ||
| Q1 25 | $657.4M | $1.8B | ||
| Q4 24 | $670.6M | $1.8B | ||
| Q3 24 | $663.9M | $1.7B | ||
| Q2 24 | $562.7M | $1.6B | ||
| Q1 24 | $571.4M | $1.6B |
总资产AHHCWK
| Q4 25 | $2.6B | $7.7B | ||
| Q3 25 | $2.6B | $7.7B | ||
| Q2 25 | $2.6B | $7.6B | ||
| Q1 25 | $2.5B | $7.4B | ||
| Q4 24 | $2.5B | $7.5B | ||
| Q3 24 | $2.6B | $7.5B | ||
| Q2 24 | $2.6B | $7.3B | ||
| Q1 24 | $2.6B | $7.5B |
负债/权益比AHHCWK
| Q4 25 | 2.43× | 1.40× | ||
| Q3 25 | 2.33× | 1.45× | ||
| Q2 25 | 2.22× | 1.57× | ||
| Q1 25 | 2.01× | 1.70× | ||
| Q4 24 | 1.93× | 1.73× | ||
| Q3 24 | 2.00× | 1.81× | ||
| Q2 24 | 2.52× | 1.91× | ||
| Q1 24 | 2.50× | 1.96× |
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 | — | $257.3M |
| 自由现金流经营现金流 - 资本支出 | — | $234.3M |
| 自由现金流率自由现金流/营收 | — | 8.0% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $293.0M |
8季度趋势，按日历期对齐
经营现金流AHHCWK
| Q4 25 | — | $257.3M | ||
| Q3 25 | $26.3M | $235.5M | ||
| Q2 25 | $11.1M | $9.6M | ||
| Q1 25 | $107.0K | $-162.0M | ||
| Q4 24 | $20.8M | $115.2M | ||
| Q3 24 | $27.3M | $196.1M | ||
| Q2 24 | $17.4M | $21.8M | ||
| Q1 24 | $46.5M | $-125.1M |
自由现金流AHHCWK
| Q4 25 | — | $234.3M | ||
| Q3 25 | — | $225.0M | ||
| Q2 25 | — | $300.0K | ||
| Q1 25 | — | $-166.6M | ||
| Q4 24 | — | $105.9M | ||
| Q3 24 | — | $186.7M | ||
| Q2 24 | — | $10.0M | ||
| Q1 24 | — | $-135.6M |
自由现金流率AHHCWK
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | 8.6% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | -7.3% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | -6.2% |
资本支出强度AHHCWK
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.5% |
现金转化率AHHCWK
| Q4 25 | — | — | ||
| Q3 25 | 328.63× | 4.58× | ||
| Q2 25 | 1.87× | 0.17× | ||
| Q1 25 | — | -85.26× | ||
| Q4 24 | 0.89× | 1.02× | ||
| Q3 24 | — | 5.82× | ||
| Q2 24 | 5.48× | 1.61× | ||
| Q1 24 | 3.30× | — |
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
AHH
| Office Real Estate Segment | $28.8M | 38% |
| Retail Real Estate Segment | $25.4M | 34% |
| Multifamily Residential Real Estate | $17.7M | 23% |
| Real Estate Financing Segment | $3.6M | 5% |
CWK
暂无分部数据
