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Alexandria Real Estate Equities（ARE）与IES Holdings, Inc.（IESC）财务数据对比。点击上方公司名可切换其他公司
IES Holdings, Inc.的季度营收约是Alexandria Real Estate Equities的1.3倍（$871.0M vs $671.0M），Alexandria Real Estate Equities净利率更高（59.4% vs 10.5%，领先48.8%），IES Holdings, Inc.同比增速更快（16.2% vs -11.5%），过去两年IES Holdings, Inc.的营收复合增速更高（11.1% 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。
IES Holdings, Inc.前身为Integrated Electrical Services, Inc.，主营业务为集成电气及技术系统的设计与安装，同时面向数据中心、住宅、商业和工业设施等多元终端市场提供基础设施类产品及相关服务。
ARE vs IESC — 直观对比
营收规模更大
IESC
是对方的1.3倍
$671.0M
营收增速更快
IESC
高出27.7%
-11.5%
净利率更高
ARE
高出48.8%
10.5%
两年增速更快
IESC
近两年复合增速
-6.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $671.0M | $871.0M |
| 净利润 | $398.4M | $91.8M |
| 毛利率 | — | 25.3% |
| 营业利润率 | — | 11.2% |
| 净利率 | 59.4% | 10.5% |
| 营收同比 | -11.5% | 16.2% |
| 净利润同比 | 740.6% | 59.1% |
| 每股收益（稀释后） | $2.10 | $4.51 |
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AREIESC
| Q1 26 | $671.0M | — | ||
| Q4 25 | $754.4M | $871.0M | ||
| Q3 25 | $751.9M | $897.8M | ||
| Q2 25 | $762.0M | $890.2M | ||
| Q1 25 | $758.2M | $834.0M | ||
| Q4 24 | $788.9M | $749.5M | ||
| Q3 24 | $791.6M | $775.8M | ||
| Q2 24 | $766.7M | $768.4M |
净利润AREIESC
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | $91.8M | ||
| Q3 25 | $-232.8M | $102.3M | ||
| Q2 25 | $-107.0M | $79.3M | ||
| Q1 25 | $-8.9M | $72.6M | ||
| Q4 24 | $-62.2M | $57.7M | ||
| Q3 24 | $167.9M | $65.5M | ||
| Q2 24 | $46.7M | $66.6M |
毛利率AREIESC
| Q1 26 | — | — | ||
| Q4 25 | — | 25.3% | ||
| Q3 25 | — | 26.0% | ||
| Q2 25 | — | 26.9% | ||
| Q1 25 | — | 25.0% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 25.3% |
营业利润率AREIESC
| Q1 26 | — | — | ||
| Q4 25 | — | 11.2% | ||
| Q3 25 | — | 11.6% | ||
| Q2 25 | — | 12.6% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 11.7% |
净利率AREIESC
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | 10.5% | ||
| Q3 25 | -31.0% | 11.4% | ||
| Q2 25 | -14.0% | 8.9% | ||
| Q1 25 | -1.2% | 8.7% | ||
| Q4 24 | -7.9% | 7.7% | ||
| Q3 24 | 21.2% | 8.4% | ||
| Q2 24 | 6.1% | 8.7% |
每股收益（稀释后）AREIESC
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | $4.51 | ||
| Q3 25 | $-1.38 | $4.99 | ||
| Q2 25 | $-0.64 | $3.81 | ||
| Q1 25 | $-0.07 | $3.50 | ||
| Q4 24 | $-0.38 | $2.72 | ||
| Q3 24 | $0.96 | $3.06 | ||
| Q2 24 | $0.25 | $2.67 |
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 | $258.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $19.4B | $961.1M |
| 总资产 | $34.2B | $1.7B |
| 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AREIESC
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | $258.7M | ||
| Q3 25 | $579.5M | $231.8M | ||
| Q2 25 | $520.5M | $168.3M | ||
| Q1 25 | $476.4M | $88.3M | ||
| Q4 24 | $552.1M | $112.0M | ||
| Q3 24 | $562.6M | $135.8M | ||
| Q2 24 | $561.0M | $44.9M |
总债务AREIESC
| 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AREIESC
| Q1 26 | $19.4B | — | ||
| Q4 25 | $15.5B | $961.1M | ||
| Q3 25 | $16.6B | $884.0M | ||
| Q2 25 | $17.2B | $781.4M | ||
| Q1 25 | $17.5B | $705.8M | ||
| Q4 24 | $17.9B | $652.4M | ||
| Q3 24 | $18.2B | $611.1M | ||
| Q2 24 | $18.3B | $567.5M |
总资产AREIESC
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | $1.7B | ||
| Q3 25 | $37.4B | $1.6B | ||
| Q2 25 | $37.6B | $1.5B | ||
| Q1 25 | $37.6B | $1.4B | ||
| Q4 24 | $37.5B | $1.3B | ||
| Q3 24 | $38.5B | $1.2B | ||
| Q2 24 | $37.8B | $1.2B |
负债/权益比AREIESC
| 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 | $196.6M | $27.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-18.9M |
| 自由现金流率自由现金流/营收 | — | -2.2% |
| 资本支出强度资本支出/营收 | 76.0% | 5.3% |
| 现金转化率经营现金流/净利润 | 0.49× | 0.30× |
| 过去12个月自由现金流最近4个季度 | — | $175.9M |
8季度趋势，按日历期对齐
经营现金流AREIESC
| Q1 26 | $196.6M | — | ||
| Q4 25 | $312.4M | $27.7M | ||
| Q3 25 | $433.5M | $132.0M | ||
| Q2 25 | $460.2M | $92.0M | ||
| Q1 25 | $207.9M | $24.8M | ||
| Q4 24 | $274.2M | $37.3M | ||
| Q3 24 | $477.4M | $92.8M | ||
| Q2 24 | $411.8M | $82.9M |
自由现金流AREIESC
| Q1 26 | — | — | ||
| Q4 25 | — | $-18.9M | ||
| Q3 25 | — | $112.0M | ||
| Q2 25 | — | $74.8M | ||
| Q1 25 | — | $7.9M | ||
| Q4 24 | — | $24.1M | ||
| Q3 24 | — | $78.5M | ||
| Q2 24 | — | $65.4M |
自由现金流率AREIESC
| Q1 26 | — | — | ||
| Q4 25 | — | -2.2% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 8.5% |
资本支出强度AREIESC
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 2.3% |
现金转化率AREIESC
| Q1 26 | 0.49× | — | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | 2.84× | 1.42× | ||
| Q2 24 | 8.82× | 1.24× |
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% |
IESC
| Communications | $351.9M | 40% |
| Single Family Electrical Contracts | $137.0M | 16% |
| Custom Engineered Solutions | $116.0M | 13% |
| Commercialand Industrial | $94.8M | 11% |
| Single Family Contracts Plumbing HVAC | $82.9M | 10% |
| Multi Familyand Other | $64.2M | 7% |
| Industrial Services | $24.2M | 3% |
