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Alexandria Real Estate Equities（ARE）与Dayforce（DAY）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Dayforce的1.4倍（$671.0M vs $481.6M），Alexandria Real Estate Equities净利率更高（59.4% vs -40.9%，领先100.2%），Dayforce同比增速更快（9.5% vs -11.5%），过去两年Dayforce的营收复合增速更高（9.8% 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。
Dayforce前身为知名人力资源服务商Ceridian，是一家总部位于美国的人力资源软件及服务企业，面向各行业不同规模的客户提供覆盖薪酬核算、人员管理、考勤等多场景的HR SaaS产品及配套专业服务，助力企业提升人力资源运营效率。
ARE vs DAY — 直观对比
营收规模更大
ARE
是对方的1.4倍
$481.6M
营收增速更快
DAY
高出20.9%
-11.5%
净利率更高
ARE
高出100.2%
-40.9%
两年增速更快
DAY
近两年复合增速
-6.4%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $671.0M | $481.6M |
| 净利润 | $398.4M | $-196.8M |
| 毛利率 | — | — |
| 营业利润率 | — | 6.3% |
| 净利率 | 59.4% | -40.9% |
| 营收同比 | -11.5% | 9.5% |
| 净利润同比 | 740.6% | -9940.0% |
| 每股收益（稀释后） | $2.10 | $-1.23 |
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AREDAY
| Q1 26 | $671.0M | — | ||
| Q4 25 | $754.4M | — | ||
| Q3 25 | $751.9M | $481.6M | ||
| Q2 25 | $762.0M | $464.7M | ||
| Q1 25 | $758.2M | $481.8M | ||
| Q4 24 | $788.9M | $465.2M | ||
| Q3 24 | $791.6M | $440.0M | ||
| Q2 24 | $766.7M | $423.3M |
净利润AREDAY
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | — | ||
| Q3 25 | $-232.8M | $-196.8M | ||
| Q2 25 | $-107.0M | $21.3M | ||
| Q1 25 | $-8.9M | $14.9M | ||
| Q4 24 | $-62.2M | $10.8M | ||
| Q3 24 | $167.9M | $2.0M | ||
| Q2 24 | $46.7M | $-1.8M |
毛利率AREDAY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 47.0% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 44.1% |
营业利润率AREDAY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | — | 6.4% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 3.3% |
净利率AREDAY
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | — | ||
| Q3 25 | -31.0% | -40.9% | ||
| Q2 25 | -14.0% | 4.6% | ||
| Q1 25 | -1.2% | 3.1% | ||
| Q4 24 | -7.9% | 2.3% | ||
| Q3 24 | 21.2% | 0.5% | ||
| Q2 24 | 6.1% | -0.4% |
每股收益（稀释后）AREDAY
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | — | ||
| Q3 25 | $-1.38 | $-1.23 | ||
| Q2 25 | $-0.64 | $0.13 | ||
| Q1 25 | $-0.07 | $0.09 | ||
| Q4 24 | $-0.38 | $0.07 | ||
| Q3 24 | $0.96 | $0.01 | ||
| Q2 24 | $0.25 | $-0.01 |
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 | $627.6M |
| 总债务越低越好 | — | $631.1M |
| 股东权益账面价值 | $19.4B | $2.7B |
| 总资产 | $34.2B | $8.7B |
| 负债/权益比越低杠杆越低 | — | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资AREDAY
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | — | ||
| Q3 25 | $579.5M | $627.6M | ||
| Q2 25 | $520.5M | $625.2M | ||
| Q1 25 | $476.4M | $557.3M | ||
| Q4 24 | $552.1M | $579.7M | ||
| Q3 24 | $562.6M | $494.1M | ||
| Q2 24 | $561.0M | $465.4M |
总债务AREDAY
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | — | ||
| Q3 25 | $13.6B | $631.1M | ||
| Q2 25 | $13.3B | $631.8M | ||
| Q1 25 | $13.1B | $632.4M | ||
| Q4 24 | $12.2B | $1.2B | ||
| Q3 24 | $12.7B | $1.2B | ||
| Q2 24 | $12.4B | $1.2B |
股东权益AREDAY
| Q1 26 | $19.4B | — | ||
| Q4 25 | $15.5B | — | ||
| Q3 25 | $16.6B | $2.7B | ||
| Q2 25 | $17.2B | $2.7B | ||
| Q1 25 | $17.5B | $2.6B | ||
| Q4 24 | $17.9B | $2.5B | ||
| Q3 24 | $18.2B | $2.6B | ||
| Q2 24 | $18.3B | $2.5B |
总资产AREDAY
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | — | ||
| Q3 25 | $37.4B | $8.7B | ||
| Q2 25 | $37.6B | $8.5B | ||
| Q1 25 | $37.6B | $9.5B | ||
| Q4 24 | $37.5B | $9.1B | ||
| Q3 24 | $38.5B | $8.1B | ||
| Q2 24 | $37.8B | $9.0B |
负债/权益比AREDAY
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.82× | 0.23× | ||
| Q2 25 | 0.77× | 0.23× | ||
| Q1 25 | 0.75× | 0.24× | ||
| Q4 24 | 0.68× | 0.47× | ||
| Q3 24 | 0.70× | 0.47× | ||
| Q2 24 | 0.68× | 0.49× |
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 | $196.6M | $31.2M |
| 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 | 76.0% | — |
| 现金转化率经营现金流/净利润 | 0.49× | — |
| 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AREDAY
| Q1 26 | $196.6M | — | ||
| Q4 25 | $312.4M | — | ||
| Q3 25 | $433.5M | $31.2M | ||
| Q2 25 | $460.2M | $112.7M | ||
| Q1 25 | $207.9M | $49.6M | ||
| Q4 24 | $274.2M | $81.0M | ||
| Q3 24 | $477.4M | $91.8M | ||
| Q2 24 | $411.8M | $99.2M |
资本支出强度AREDAY
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率AREDAY
| Q1 26 | 0.49× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 5.29× | ||
| Q1 25 | — | 3.33× | ||
| Q4 24 | — | 7.50× | ||
| Q3 24 | 2.84× | 45.90× | ||
| 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% |
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
