vs
Alexandria Real Estate Equities（ARE）与RBC Bearings INC（RBC）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RBC Bearings INC的1.5倍（$671.0M vs $461.6M），Alexandria Real Estate Equities净利率更高（59.4% vs 14.6%，领先44.8%），RBC Bearings INC同比增速更快（17.0% vs -11.5%），过去两年RBC Bearings INC的营收复合增速更高（5.6% 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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
ARE vs RBC — 直观对比
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $671.0M | $461.6M |
| 净利润 | $398.4M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | — | 22.3% |
| 净利率 | 59.4% | 14.6% |
| 营收同比 | -11.5% | 17.0% |
| 净利润同比 | 740.6% | 16.4% |
| 每股收益（稀释后） | $2.10 | $2.13 |
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 | $461.6M | ||
| Q3 25 | $751.9M | $455.3M | ||
| Q2 25 | $762.0M | $436.0M | ||
| Q1 25 | $758.2M | $437.7M | ||
| Q4 24 | $788.9M | $394.4M | ||
| Q3 24 | $791.6M | $397.9M | ||
| Q2 24 | $766.7M | $406.3M |
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | $67.4M | ||
| Q3 25 | $-232.8M | $60.0M | ||
| Q2 25 | $-107.0M | $68.5M | ||
| Q1 25 | $-8.9M | $72.7M | ||
| Q4 24 | $-62.2M | $57.9M | ||
| Q3 24 | $167.9M | $54.2M | ||
| Q2 24 | $46.7M | $61.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 22.3% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | — | 21.6% | ||
| Q2 24 | — | 24.0% |
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | 14.6% | ||
| Q3 25 | -31.0% | 13.2% | ||
| Q2 25 | -14.0% | 15.7% | ||
| Q1 25 | -1.2% | 16.6% | ||
| Q4 24 | -7.9% | 14.7% | ||
| Q3 24 | 21.2% | 13.6% | ||
| Q2 24 | 6.1% | 15.1% |
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | $2.13 | ||
| Q3 25 | $-1.38 | $1.90 | ||
| Q2 25 | $-0.64 | $2.17 | ||
| Q1 25 | $-0.07 | $2.33 | ||
| Q4 24 | $-0.38 | $1.82 | ||
| Q3 24 | $0.96 | $1.65 | ||
| Q2 24 | $0.25 | $1.90 |
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 | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $19.4B | $3.3B |
| 总资产 | $34.2B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | $107.6M | ||
| Q3 25 | $579.5M | $91.2M | ||
| Q2 25 | $520.5M | $132.9M | ||
| Q1 25 | $476.4M | $36.8M | ||
| Q4 24 | $552.1M | — | ||
| Q3 24 | $562.6M | — | ||
| Q2 24 | $561.0M | $76.8M |
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | $990.2M | ||
| Q3 25 | $13.6B | $1.1B | ||
| Q2 25 | $13.3B | $915.6M | ||
| Q1 25 | $13.1B | $920.1M | ||
| Q4 24 | $12.2B | — | ||
| Q3 24 | $12.7B | — | ||
| Q2 24 | $12.4B | — |
| Q1 26 | $19.4B | — | ||
| Q4 25 | $15.5B | $3.3B | ||
| Q3 25 | $16.6B | $3.2B | ||
| Q2 25 | $17.2B | $3.1B | ||
| Q1 25 | $17.5B | $3.0B | ||
| Q4 24 | $17.9B | $2.9B | ||
| Q3 24 | $18.2B | $2.9B | ||
| Q2 24 | $18.3B | $2.8B |
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | $5.1B | ||
| Q3 25 | $37.4B | $5.1B | ||
| Q2 25 | $37.6B | $4.8B | ||
| Q1 25 | $37.6B | $4.7B | ||
| Q4 24 | $37.5B | $4.7B | ||
| Q3 24 | $38.5B | $4.7B | ||
| Q2 24 | $37.8B | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 0.30× | ||
| Q3 25 | 0.82× | 0.34× | ||
| Q2 25 | 0.77× | 0.29× | ||
| Q1 25 | 0.75× | 0.30× | ||
| 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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | — | $99.1M |
| 自由现金流率自由现金流/营收 | — | 21.5% |
| 资本支出强度资本支出/营收 | 76.0% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.19× | 1.81× |
| 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
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $122.1M | ||
| Q3 25 | $433.5M | $88.4M | ||
| Q2 25 | $460.2M | $120.0M | ||
| Q1 25 | $207.9M | — | ||
| Q4 24 | $274.2M | $84.0M | ||
| Q3 24 | $477.4M | — | ||
| Q2 24 | $411.8M | $97.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $99.1M | ||
| Q3 25 | — | $71.7M | ||
| Q2 25 | — | $104.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $88.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 21.5% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.8% |
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 2.2% |
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 2.84× | — | ||
| Q2 24 | 8.82× | 1.59× |
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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
