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AIR LEASE CORP（AL）与MEDICAL PROPERTIES TRUST INC（MPW）财务数据对比。点击上方公司名可切换其他公司
MEDICAL PROPERTIES TRUST INC的季度营收约是AIR LEASE CORP的1.9倍（$270.3M vs $140.8M），AIR LEASE CORP净利率更高（128.5% vs 6.5%，领先122.0%），AIR LEASE CORP同比增速更快（90.4% vs 16.6%），过去两年AIR LEASE CORP的营收复合增速更高（69.6% vs -0.2%）
航空租赁公司（ALC）是2010年成立的美国飞机租赁企业，由史蒂文·F·乌德瓦-哈齐执掌运营。公司直接向波音、空客、巴航工业、ATR采购全新商用飞机，为全球各地航空公司客户提供专业的飞机租赁及融资服务。
Medical Properties Trust, Inc.（MPT）是一家总部位于美国阿拉巴马州伯明翰的跨国房地产投资信托基金（REIT），主要在美欧地区收购、投资医疗保健设施与营利性医疗控股公司，资产收购多采用售后回租模式，原业主出售资产后成为其租户，租户通常需签署长期三净租赁协议。
AL vs MPW — 直观对比
营收规模更大
MPW
是对方的1.9倍
$140.8M
营收增速更快
AL
高出73.8%
16.6%
净利率更高
AL
高出122.0%
6.5%
两年增速更快
AL
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.8M | $270.3M |
| 净利润 | $180.9M | $17.6M |
| 毛利率 | — | 95.8% |
| 营业利润率 | — | 9.7% |
| 净利率 | 128.5% | 6.5% |
| 营收同比 | 90.4% | 16.6% |
| 净利润同比 | 60.2% | 104.3% |
| 每股收益（稀释后） | $1.49 | $0.03 |
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ALMPW
| Q4 25 | $140.8M | $270.3M | ||
| Q3 25 | $44.5M | $237.5M | ||
| Q2 25 | $53.0M | $240.4M | ||
| Q1 25 | $92.9M | $223.8M | ||
| Q4 24 | $74.0M | $231.8M | ||
| Q3 24 | $65.0M | $225.8M | ||
| Q2 24 | $57.8M | $266.6M | ||
| Q1 24 | $49.0M | $271.3M |
净利润ALMPW
| Q4 25 | $180.9M | $17.6M | ||
| Q3 25 | $146.5M | $-77.7M | ||
| Q2 25 | $385.2M | $-98.4M | ||
| Q1 25 | $375.8M | $-118.3M | ||
| Q4 24 | $112.9M | $-412.3M | ||
| Q3 24 | $104.0M | $-801.2M | ||
| Q2 24 | $102.9M | $-320.6M | ||
| Q1 24 | $107.9M | $-875.6M |
毛利率ALMPW
| Q4 25 | — | 95.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 91.8% | ||
| Q1 25 | — | 63.6% | ||
| Q4 24 | — | 90.9% | ||
| Q3 24 | — | 96.5% | ||
| Q2 24 | — | 98.4% | ||
| Q1 24 | — | 84.9% |
营业利润率ALMPW
| Q4 25 | — | 9.7% | ||
| Q3 25 | — | -28.0% | ||
| Q2 25 | — | -36.7% | ||
| Q1 25 | — | -48.5% | ||
| Q4 24 | — | -173.7% | ||
| Q3 24 | — | -350.7% | ||
| Q2 24 | — | -114.5% | ||
| Q1 24 | — | -318.6% |
净利率ALMPW
| Q4 25 | 128.5% | 6.5% | ||
| Q3 25 | 329.2% | -32.7% | ||
| Q2 25 | 726.9% | -40.9% | ||
| Q1 25 | 404.5% | -52.8% | ||
| Q4 24 | 152.7% | -177.8% | ||
| Q3 24 | 160.0% | -354.8% | ||
| Q2 24 | 178.2% | -120.3% | ||
| Q1 24 | 220.2% | -322.7% |
每股收益（稀释后）ALMPW
| Q4 25 | $1.49 | $0.03 | ||
| Q3 25 | $1.21 | $-0.13 | ||
| Q2 25 | $3.33 | $-0.16 | ||
| Q1 25 | $3.26 | $-0.20 | ||
| Q4 24 | $0.83 | $-0.68 | ||
| Q3 24 | $0.82 | $-1.34 | ||
| Q2 24 | $0.81 | $-0.54 | ||
| Q1 24 | $0.87 | $-1.46 |
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 | $466.4M | $540.9M |
| 总债务越低越好 | $19.7B | $9.7B |
| 股东权益账面价值 | $8.5B | $4.6B |
| 总资产 | $32.9B | $15.0B |
| 负债/权益比越低杠杆越低 | 2.33× | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资ALMPW
| Q4 25 | $466.4M | $540.9M | ||
| Q3 25 | $452.2M | $396.6M | ||
| Q2 25 | $454.8M | $509.8M | ||
| Q1 25 | $456.6M | $673.5M | ||
| Q4 24 | $472.6M | $332.3M | ||
| Q3 24 | $460.8M | $275.6M | ||
| Q2 24 | $454.1M | $606.5M | ||
| Q1 24 | $554.4M | $224.3M |
总债务ALMPW
| Q4 25 | $19.7B | $9.7B | ||
| Q3 25 | $20.2B | $9.6B | ||
| Q2 25 | $20.3B | $9.6B | ||
| Q1 25 | $19.9B | $9.5B | ||
| Q4 24 | $20.2B | $8.8B | ||
| Q3 24 | $20.2B | $9.2B | ||
| Q2 24 | $19.7B | $9.4B | ||
| Q1 24 | $19.5B | $10.1B |
股东权益ALMPW
| Q4 25 | $8.5B | $4.6B | ||
| Q3 25 | $8.3B | $4.7B | ||
| Q2 25 | $8.2B | $4.8B | ||
| Q1 25 | $7.9B | $4.8B | ||
| Q4 24 | $7.5B | $4.8B | ||
| Q3 24 | $7.7B | $5.4B | ||
| Q2 24 | $7.3B | $6.2B | ||
| Q1 24 | $7.2B | $6.7B |
总资产ALMPW
| Q4 25 | $32.9B | $15.0B | ||
| Q3 25 | $33.4B | $14.9B | ||
| Q2 25 | $33.3B | $15.2B | ||
| Q1 25 | $32.4B | $14.9B | ||
| Q4 24 | $32.3B | $14.3B | ||
| Q3 24 | $32.2B | $15.2B | ||
| Q2 24 | $31.0B | $16.2B | ||
| Q1 24 | $30.9B | $17.3B |
负债/权益比ALMPW
| Q4 25 | 2.33× | 2.11× | ||
| Q3 25 | 2.42× | 2.06× | ||
| Q2 25 | 2.47× | 2.00× | ||
| Q1 25 | 2.53× | 1.99× | ||
| Q4 24 | 2.68× | 1.83× | ||
| Q3 24 | 2.63× | 1.69× | ||
| Q2 24 | 2.69× | 1.51× | ||
| Q1 24 | 2.69× | 1.51× |
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 | $414.1M | $230.8M |
| 自由现金流经营现金流 - 资本支出 | $342.1M | — |
| 自由现金流率自由现金流/营收 | 242.9% | — |
| 资本支出强度资本支出/营收 | 51.1% | — |
| 现金转化率经营现金流/净利润 | 2.29× | 13.11× |
| 过去12个月自由现金流最近4个季度 | $1.5B | — |
8季度趋势，按日历期对齐
经营现金流ALMPW
| Q4 25 | $414.1M | $230.8M | ||
| Q3 25 | $458.6M | $18.6M | ||
| Q2 25 | $473.6M | $51.7M | ||
| Q1 25 | $388.3M | $384.0K | ||
| Q4 24 | $430.0M | $245.5M | ||
| Q3 24 | $461.9M | $59.2M | ||
| Q2 24 | $413.8M | $35.3M | ||
| Q1 24 | $371.3M | $74.3M |
自由现金流ALMPW
| Q4 25 | $342.1M | — | ||
| Q3 25 | $412.3M | — | ||
| Q2 25 | $427.1M | — | ||
| Q1 25 | $315.5M | — | ||
| Q4 24 | $326.8M | — | ||
| Q3 24 | $369.8M | — | ||
| Q2 24 | $346.4M | — | ||
| Q1 24 | $246.8M | — |
自由现金流率ALMPW
| Q4 25 | 242.9% | — | ||
| Q3 25 | 926.6% | — | ||
| Q2 25 | 806.0% | — | ||
| Q1 25 | 339.5% | — | ||
| Q4 24 | 441.8% | — | ||
| Q3 24 | 569.1% | — | ||
| Q2 24 | 599.5% | — | ||
| Q1 24 | 503.8% | — |
资本支出强度ALMPW
| Q4 25 | 51.1% | — | ||
| Q3 25 | 104.1% | — | ||
| Q2 25 | 87.8% | — | ||
| Q1 25 | 78.4% | — | ||
| Q4 24 | 139.6% | — | ||
| Q3 24 | 141.7% | — | ||
| Q2 24 | 116.7% | — | ||
| Q1 24 | 254.3% | — |
现金转化率ALMPW
| Q4 25 | 2.29× | 13.11× | ||
| Q3 25 | 3.13× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 1.03× | — | ||
| Q4 24 | 3.81× | — | ||
| Q3 24 | 4.44× | — | ||
| Q2 24 | 4.02× | — | ||
| Q1 24 | 3.44× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
