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爱尔康（ALC）与Welltower（WELL）财务数据对比。点击上方公司名可切换其他公司
Welltower的季度营收约是爱尔康的1.3倍（$3.4B vs $2.6B），Welltower净利率更高（22.4% vs 6.8%，领先15.7%），Welltower同比增速更快（38.3% vs 4.0%）
爱尔康是瑞美合资的制药及医疗器械企业，专注于眼健康护理产品领域。公司注册地为瑞士弗里堡州，全球总部设于日内瓦，核心运营基地位于美国得克萨斯州沃思堡，当地员工规模约4500人。
Welltower Inc.是一家专注于医疗基础设施领域的房地产投资信托企业，核心业务为医疗类地产投资运营。截至2022年12月31日，公司投资的物业总量约3000处，全部布局于美国、加拿大及英国市场，是全球医疗地产投资领域的代表性企业之一。
ALC vs WELL — 直观对比
营收规模更大
WELL
是对方的1.3倍
$2.6B
营收增速更快
WELL
高出34.3%
4.0%
净利率更高
WELL
高出15.7%
6.8%
损益表 — Q2 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $3.4B |
| 净利润 | $176.0M | $752.3M |
| 毛利率 | 53.5% | — |
| 营业利润率 | 9.5% | — |
| 净利率 | 6.8% | 22.4% |
| 营收同比 | 4.0% | 38.3% |
| 净利润同比 | -21.1% | 192.4% |
| 每股收益（稀释后） | $0.35 | — |
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ALCWELL
| Q1 26 | — | $3.4B | ||
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $2.6B | $2.0B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | $2.5B | $1.4B |
净利润ALCWELL
| Q1 26 | — | $752.3M | ||
| Q4 25 | — | $117.8M | ||
| Q3 25 | — | $282.2M | ||
| Q2 25 | $176.0M | $304.6M | ||
| Q1 25 | — | $257.3M | ||
| Q4 24 | — | $123.8M | ||
| Q3 24 | — | $456.8M | ||
| Q2 24 | $223.0M | $260.7M |
毛利率ALCWELL
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | 53.5% | 23.2% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 20.0% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | 55.0% | 20.2% |
营业利润率ALCWELL
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | 9.5% | 15.1% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 12.2% | ||
| Q2 24 | 12.7% | 6.5% |
净利率ALCWELL
| Q1 26 | — | 22.4% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 13.7% | ||
| Q2 25 | 6.8% | 15.5% | ||
| Q1 25 | — | 13.8% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 30.2% | ||
| Q2 24 | 8.9% | 18.7% |
每股收益（稀释后）ALCWELL
| Q1 26 | — | — | ||
| Q4 25 | — | $0.13 | ||
| Q3 25 | — | $0.41 | ||
| Q2 25 | $0.35 | $0.45 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | — | $0.20 | ||
| Q3 24 | — | $0.73 | ||
| Q2 24 | $0.45 | $0.42 |
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 | $1.4B | $4.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $22.1B | $44.7B |
| 总资产 | $31.4B | $67.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ALCWELL
| Q1 26 | — | $4.7B | ||
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $6.8B | ||
| Q2 25 | $1.4B | $4.4B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | $1.4B | $2.8B |
总债务ALCWELL
| Q1 26 | — | — | ||
| Q4 25 | — | $19.2B | ||
| Q3 25 | — | $16.9B | ||
| Q2 25 | — | $16.0B | ||
| Q1 25 | — | $15.7B | ||
| Q4 24 | — | $15.5B | ||
| Q3 24 | — | $15.8B | ||
| Q2 24 | — | $13.9B |
股东权益ALCWELL
| Q1 26 | — | $44.7B | ||
| Q4 25 | — | $42.1B | ||
| Q3 25 | — | $38.8B | ||
| Q2 25 | $22.1B | $35.9B | ||
| Q1 25 | — | $34.0B | ||
| Q4 24 | — | $32.0B | ||
| Q3 24 | — | $30.3B | ||
| Q2 24 | $20.9B | $29.0B |
总资产ALCWELL
| Q1 26 | — | $67.2B | ||
| Q4 25 | — | $67.3B | ||
| Q3 25 | — | $59.5B | ||
| Q2 25 | $31.4B | $55.8B | ||
| Q1 25 | — | $53.3B | ||
| Q4 24 | — | $51.0B | ||
| Q3 24 | — | $49.0B | ||
| Q2 24 | $29.7B | $45.5B |
负债/权益比ALCWELL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.48× |
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
ALC
暂无分部数据
WELL
| Resident fees and services | $2.8B | 83% |
| Rental income | $453.8M | 14% |
| Other | $117.2M | 3% |
