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Alexandria Real Estate Equities（ARE）与FIVE BELOW, INC（FIVE）财务数据对比。点击上方公司名可切换其他公司
FIVE BELOW, INC的季度营收约是Alexandria Real Estate Equities的1.5倍（$1.0B vs $671.0M），Alexandria Real Estate Equities净利率更高（59.4% vs 3.5%，领先55.9%），FIVE BELOW, INC同比增速更快（23.1% vs -11.5%），过去两年Alexandria Real Estate Equities的营收复合增速更高（-6.4% vs -11.9%）
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。
Five Below是美国特色折扣礼品连锁品牌，2002年成立，总部位于宾夕法尼亚州费城，主要面向青少年消费群体，旗下绝大多数商品定价不超过5美元，另有少量精选商品最高定价40美元，目前在全美拥有超过1850家线下门店。
ARE vs FIVE — 直观对比
营收规模更大
FIVE
是对方的1.5倍
$671.0M
营收增速更快
FIVE
高出34.6%
-11.5%
净利率更高
ARE
高出55.9%
3.5%
两年增速更快
ARE
近两年复合增速
-11.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $671.0M | $1.0B |
| 净利润 | $398.4M | $36.5M |
| 毛利率 | — | 33.8% |
| 营业利润率 | — | 4.2% |
| 净利率 | 59.4% | 3.5% |
| 营收同比 | -11.5% | 23.1% |
| 净利润同比 | 740.6% | 2063.9% |
| 每股收益（稀释后） | $2.10 | $0.66 |
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AREFIVE
| Q1 26 | $671.0M | — | ||
| Q4 25 | $754.4M | $1.0B | ||
| Q3 25 | $751.9M | $1.0B | ||
| Q2 25 | $762.0M | $970.5M | ||
| Q1 25 | $758.2M | $1.4B | ||
| Q4 24 | $788.9M | $843.7M | ||
| Q3 24 | $791.6M | $830.1M | ||
| Q2 24 | $766.7M | $811.9M |
净利润AREFIVE
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | $36.5M | ||
| Q3 25 | $-232.8M | $42.8M | ||
| Q2 25 | $-107.0M | $41.1M | ||
| Q1 25 | $-8.9M | $187.5M | ||
| Q4 24 | $-62.2M | $1.7M | ||
| Q3 24 | $167.9M | $33.0M | ||
| Q2 24 | $46.7M | $31.5M |
毛利率AREFIVE
| Q1 26 | — | — | ||
| Q4 25 | — | 33.8% | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 40.2% | ||
| Q4 24 | — | 30.6% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | — | 32.5% |
营业利润率AREFIVE
| Q1 26 | — | — | ||
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 17.7% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | 4.5% |
净利率AREFIVE
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | 3.5% | ||
| Q3 25 | -31.0% | 4.2% | ||
| Q2 25 | -14.0% | 4.2% | ||
| Q1 25 | -1.2% | 13.5% | ||
| Q4 24 | -7.9% | 0.2% | ||
| Q3 24 | 21.2% | 4.0% | ||
| Q2 24 | 6.1% | 3.9% |
每股收益（稀释后）AREFIVE
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | $0.66 | ||
| Q3 25 | $-1.38 | $0.77 | ||
| Q2 25 | $-0.64 | $0.75 | ||
| Q1 25 | $-0.07 | $3.40 | ||
| Q4 24 | $-0.38 | $0.03 | ||
| Q3 24 | $0.96 | $0.60 | ||
| Q2 24 | $0.25 | $0.57 |
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 | $524.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $19.4B | $2.0B |
| 总资产 | $34.2B | $4.8B |
| 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AREFIVE
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | $524.5M | ||
| Q3 25 | $579.5M | $670.2M | ||
| Q2 25 | $520.5M | $624.0M | ||
| Q1 25 | $476.4M | $528.8M | ||
| Q4 24 | $552.1M | $216.6M | ||
| Q3 24 | $562.6M | $327.7M | ||
| Q2 24 | $561.0M | $369.6M |
总债务AREFIVE
| 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 | — |
股东权益AREFIVE
| Q1 26 | $19.4B | — | ||
| Q4 25 | $15.5B | $2.0B | ||
| Q3 25 | $16.6B | $1.9B | ||
| Q2 25 | $17.2B | $1.9B | ||
| Q1 25 | $17.5B | $1.8B | ||
| Q4 24 | $17.9B | $1.6B | ||
| Q3 24 | $18.2B | $1.6B | ||
| Q2 24 | $18.3B | $1.6B |
总资产AREFIVE
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | $4.8B | ||
| Q3 25 | $37.4B | $4.6B | ||
| Q2 25 | $37.6B | $4.5B | ||
| Q1 25 | $37.6B | $4.3B | ||
| Q4 24 | $37.5B | $4.2B | ||
| Q3 24 | $38.5B | $4.0B | ||
| Q2 24 | $37.8B | $3.9B |
负债/权益比AREFIVE
| 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 | $-80.1M |
| 自由现金流经营现金流 - 资本支出 | — | $-133.2M |
| 自由现金流率自由现金流/营收 | — | -12.8% |
| 资本支出强度资本支出/营收 | 76.0% | 5.1% |
| 现金转化率经营现金流/净利润 | 1.19× | -2.19× |
| 过去12个月自由现金流最近4个季度 | — | $323.0M |
8季度趋势，按日历期对齐
经营现金流AREFIVE
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $-80.1M | ||
| Q3 25 | $433.5M | $93.0M | ||
| Q2 25 | $460.2M | $132.7M | ||
| Q1 25 | $207.9M | $363.5M | ||
| Q4 24 | $274.2M | $-30.6M | ||
| Q3 24 | $477.4M | $71.3M | ||
| Q2 24 | $411.8M | $26.4M |
自由现金流AREFIVE
| Q1 26 | — | — | ||
| Q4 25 | — | $-133.2M | ||
| Q3 25 | — | $48.3M | ||
| Q2 25 | — | $96.5M | ||
| Q1 25 | — | $311.4M | ||
| Q4 24 | — | $-111.0M | ||
| Q3 24 | — | $-32.4M | ||
| Q2 24 | — | $-61.4M |
自由现金流率AREFIVE
| Q1 26 | — | — | ||
| Q4 25 | — | -12.8% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 9.9% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | — | -13.2% | ||
| Q3 24 | — | -3.9% | ||
| Q2 24 | — | -7.6% |
资本支出强度AREFIVE
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 12.5% | ||
| Q2 24 | — | 10.8% |
现金转化率AREFIVE
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | -2.19× | ||
| Q3 25 | — | 2.17× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 1.94× | ||
| Q4 24 | — | -18.13× | ||
| Q3 24 | 2.84× | 2.16× | ||
| Q2 24 | 8.82× | 0.84× |
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% |
FIVE
暂无分部数据
