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APOGEE ENTERPRISES, INC.（APOG）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是APOGEE ENTERPRISES, INC.的1.4倍（$492.9M vs $351.4M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs 4.7%，领先14.9%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs 1.6%），过去两年APOGEE ENTERPRISES, INC.的营收复合增速更高（2.9% vs -2.9%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
APOG vs STWD — 直观对比
营收规模更大
STWD
是对方的1.4倍
$351.4M
营收增速更快
STWD
高出6.9%
1.6%
净利率更高
STWD
高出14.9%
4.7%
两年增速更快
APOG
近两年复合增速
-2.9%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $492.9M |
| 净利润 | $16.6M | $96.9M |
| 毛利率 | 22.4% | — |
| 营业利润率 | 7.3% | 26.6% |
| 净利率 | 4.7% | 19.7% |
| 营收同比 | 1.6% | 8.5% |
| 净利润同比 | 568.8% | 87.7% |
| 每股收益（稀释后） | $0.78 | $0.25 |
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APOGSTWD
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $492.9M | ||
| Q3 25 | $358.2M | $488.9M | ||
| Q2 25 | $346.6M | $444.3M | ||
| Q1 25 | $345.7M | $418.2M | ||
| Q4 24 | $341.3M | $454.4M | ||
| Q3 24 | $342.4M | $479.5M | ||
| Q2 24 | $331.5M | $489.8M |
净利润APOGSTWD
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $96.9M | ||
| Q3 25 | $23.6M | $72.6M | ||
| Q2 25 | $-2.7M | $129.8M | ||
| Q1 25 | $2.5M | $112.3M | ||
| Q4 24 | $21.0M | $51.6M | ||
| Q3 24 | $30.6M | $76.1M | ||
| Q2 24 | $31.0M | $77.9M |
毛利率APOGSTWD
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — |
营业利润率APOGSTWD
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 26.6% | ||
| Q3 25 | 7.5% | 19.1% | ||
| Q2 25 | 2.0% | 30.5% | ||
| Q1 25 | 1.8% | 28.7% | ||
| Q4 24 | 8.4% | 15.1% | ||
| Q3 24 | 12.3% | 17.2% | ||
| Q2 24 | 12.5% | 19.1% |
净利率APOGSTWD
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 19.7% | ||
| Q3 25 | 6.6% | 14.8% | ||
| Q2 25 | -0.8% | 29.2% | ||
| Q1 25 | 0.7% | 26.8% | ||
| Q4 24 | 6.1% | 11.4% | ||
| Q3 24 | 8.9% | 15.9% | ||
| Q2 24 | 9.4% | 15.9% |
每股收益（稀释后）APOGSTWD
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.25 | ||
| Q3 25 | $1.10 | $0.19 | ||
| Q2 25 | $-0.13 | $0.38 | ||
| Q1 25 | $0.12 | $0.33 | ||
| Q4 24 | $0.96 | $0.15 | ||
| Q3 24 | $1.40 | $0.23 | ||
| Q2 24 | $1.41 | $0.24 |
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 | $39.5M | $499.5M |
| 总债务越低越好 | $232.3M | — |
| 股东权益账面价值 | $511.8M | $6.8B |
| 总资产 | $1.1B | $63.2B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资APOGSTWD
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $499.5M | ||
| Q3 25 | $39.5M | $301.1M | ||
| Q2 25 | $32.8M | $259.9M | ||
| Q1 25 | $41.4M | $440.6M | ||
| Q4 24 | $43.9M | $377.8M | ||
| Q3 24 | $51.0M | $357.9M | ||
| Q2 24 | $30.4M | $259.3M |
总债务APOGSTWD
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APOGSTWD
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $6.8B | ||
| Q3 25 | $500.2M | $6.9B | ||
| Q2 25 | $481.8M | $6.4B | ||
| Q1 25 | $487.9M | $6.4B | ||
| Q4 24 | $522.1M | $6.4B | ||
| Q3 24 | $506.4M | $6.5B | ||
| Q2 24 | $480.0M | $6.2B |
总资产APOGSTWD
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $63.2B | ||
| Q3 25 | $1.2B | $62.4B | ||
| Q2 25 | $1.2B | $62.4B | ||
| Q1 25 | $1.2B | $62.2B | ||
| Q4 24 | $1.2B | $62.6B | ||
| Q3 24 | $917.1M | $64.2B | ||
| Q2 24 | $889.0M | $64.1B |
负债/权益比APOGSTWD
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $122.5M | $488.8M |
| 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 | 7.8% | — |
| 现金转化率经营现金流/净利润 | 7.37× | 5.04× |
| 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APOGSTWD
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $488.8M | ||
| Q3 25 | $57.1M | $337.6M | ||
| Q2 25 | $-19.8M | $-87.4M | ||
| Q1 25 | $30.0M | $238.9M | ||
| Q4 24 | $31.0M | $295.6M | ||
| Q3 24 | $58.7M | $241.8M | ||
| Q2 24 | $5.5M | $53.3M |
自由现金流APOGSTWD
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | — | ||
| Q2 25 | $-26.9M | — | ||
| Q1 25 | $19.1M | — | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $50.2M | — | ||
| Q2 24 | $-1.8M | — |
自由现金流率APOGSTWD
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | -7.8% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 14.7% | — | ||
| Q2 24 | -0.5% | — |
资本支出强度APOGSTWD
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 2.2% | — |
现金转化率APOGSTWD
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 5.04× | ||
| Q3 25 | 2.41× | 4.65× | ||
| Q2 25 | — | -0.67× | ||
| Q1 25 | 12.08× | 2.13× | ||
| Q4 24 | 1.48× | 5.72× | ||
| Q3 24 | 1.92× | 3.18× | ||
| Q2 24 | 0.18× | 0.68× |
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
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
