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Alexandria Real Estate Equities（ARE）与CREDIT ACCEPTANCE CORP（CACC）财务数据对比。点击上方公司名可切换其他公司
Alexandria Real Estate Equities的季度营收约是CREDIT ACCEPTANCE CORP的1.2倍（$671.0M vs $579.9M），Alexandria Real Estate Equities净利率更高（59.4% vs 21.0%，领先38.3%），CREDIT ACCEPTANCE CORP同比增速更快（2.5% vs -11.5%），过去两年CREDIT ACCEPTANCE CORP的营收复合增速更高（6.8% vs -6.4%）
Alexandria Real Estate Equities（NYSE:ARE）是标普500成分股中的城市办公类房地产投资信托，作为业内首创、运营经验最丰富的先行企业，专注于在顶级创新集群区域开发、运营生命科学、科技及农业科技协作型产业园区。截至2020年12月末，公司总市值达319亿美元，北美地区资产总面积达4970万平方英尺。
Credit Acceptance是一家汽车金融服务提供商，主要提供汽车贷款及相关金融产品。公司通过覆盖全国的合作汽车经销商网络开展业务，设有“投资组合计划”和“采购计划”两大业务项目，可向汽车经销商提供资金，以此换取对应消费者贷款的后续服务权利。
ARE vs CACC — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $671.0M | $579.9M |
| 净利润 | $398.4M | $122.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 27.1% |
| 净利率 | 59.4% | 21.0% |
| 营收同比 | -11.5% | 2.5% |
| 净利润同比 | 740.6% | -19.7% |
| 每股收益（稀释后） | $2.10 | $10.87 |
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
| Q1 26 | $671.0M | — | ||
| Q4 25 | $754.4M | $579.9M | ||
| Q3 25 | $751.9M | $582.4M | ||
| Q2 25 | $762.0M | $583.8M | ||
| Q1 25 | $758.2M | $571.1M | ||
| Q4 24 | $788.9M | $565.9M | ||
| Q3 24 | $791.6M | $550.3M | ||
| Q2 24 | $766.7M | $538.2M |
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | $122.0M | ||
| Q3 25 | $-232.8M | $108.2M | ||
| Q2 25 | $-107.0M | $87.4M | ||
| Q1 25 | $-8.9M | $106.3M | ||
| Q4 24 | $-62.2M | $151.9M | ||
| Q3 24 | $167.9M | $78.8M | ||
| Q2 24 | $46.7M | $-47.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 27.1% | ||
| Q3 25 | — | 25.6% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 24.8% | ||
| Q4 24 | — | 33.9% | ||
| Q3 24 | — | 19.4% | ||
| Q2 24 | — | -10.3% |
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | 21.0% | ||
| Q3 25 | -31.0% | 18.6% | ||
| Q2 25 | -14.0% | 15.0% | ||
| Q1 25 | -1.2% | 18.6% | ||
| Q4 24 | -7.9% | 26.8% | ||
| Q3 24 | 21.2% | 14.3% | ||
| Q2 24 | 6.1% | -8.8% |
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | $10.87 | ||
| Q3 25 | $-1.38 | $9.43 | ||
| Q2 25 | $-0.64 | $7.42 | ||
| Q1 25 | $-0.07 | $8.66 | ||
| Q4 24 | $-0.38 | $12.28 | ||
| Q3 24 | $0.96 | $6.35 | ||
| Q2 24 | $0.25 | $-3.83 |
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 | $418.7M | $22.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $19.4B | $1.5B |
| 总资产 | $34.2B | $8.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | $22.8M | ||
| Q3 25 | $579.5M | $15.9M | ||
| Q2 25 | $520.5M | $70.0M | ||
| Q1 25 | $476.4M | $528.8M | ||
| Q4 24 | $552.1M | $343.7M | ||
| Q3 24 | $562.6M | $159.7M | ||
| Q2 24 | $561.0M | $8.3M |
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | — | ||
| Q3 25 | $13.6B | — | ||
| Q2 25 | $13.3B | — | ||
| Q1 25 | $13.1B | — | ||
| Q4 24 | $12.2B | — | ||
| Q3 24 | $12.7B | — | ||
| Q2 24 | $12.4B | — |
| Q1 26 | $19.4B | — | ||
| Q4 25 | $15.5B | $1.5B | ||
| Q3 25 | $16.6B | $1.6B | ||
| Q2 25 | $17.2B | $1.6B | ||
| Q1 25 | $17.5B | $1.7B | ||
| Q4 24 | $17.9B | $1.7B | ||
| Q3 24 | $18.2B | $1.6B | ||
| Q2 24 | $18.3B | $1.6B |
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | $8.6B | ||
| Q3 25 | $37.4B | $8.6B | ||
| Q2 25 | $37.6B | $8.7B | ||
| Q1 25 | $37.6B | $9.3B | ||
| Q4 24 | $37.5B | $8.9B | ||
| Q3 24 | $38.5B | $8.7B | ||
| Q2 24 | $37.8B | $8.3B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.68× | — |
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 | $475.0M | $269.3M |
| 自由现金流经营现金流 - 资本支出 | — | $268.9M |
| 自由现金流率自由现金流/营收 | — | 46.4% |
| 资本支出强度资本支出/营收 | 76.0% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.19× | 2.21× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $269.3M | ||
| Q3 25 | $433.5M | $299.4M | ||
| Q2 25 | $460.2M | $139.7M | ||
| Q1 25 | $207.9M | $346.2M | ||
| Q4 24 | $274.2M | $306.2M | ||
| Q3 24 | $477.4M | $317.7M | ||
| Q2 24 | $411.8M | $204.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $268.9M | ||
| Q3 25 | — | $298.8M | ||
| Q2 25 | — | $139.4M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | — | $305.5M | ||
| Q3 24 | — | $317.3M | ||
| Q2 24 | — | $203.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 46.4% | ||
| Q3 25 | — | 51.3% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 54.0% | ||
| Q3 24 | — | 57.7% | ||
| Q2 24 | — | 37.8% |
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 2.77× | ||
| Q2 25 | — | 1.60× | ||
| Q1 25 | — | 3.26× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | 2.84× | 4.03× | ||
| Q2 24 | 8.82× | — |
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
ARE
| Same properties | $431.4M | 64% |
| Tenant recoveries | $178.2M | 27% |
| Non-same properties | $43.3M | 6% |
| Other | $18.0M | 3% |
CACC
| Loans Receivable | $553.0M | 95% |
| Other | $26.9M | 5% |
