vs
AMERICAN REALTY INVESTORS INC（ARL）与BXP, Inc.（BXP）财务数据对比。点击上方公司名可切换其他公司
BXP, Inc.的季度营收约是AMERICAN REALTY INVESTORS INC的67.4倍（$877.1M vs $13.0M）。AMERICAN REALTY INVESTORS INC净利率更高（75.2% vs 28.3%，领先46.9%）。AMERICAN REALTY INVESTORS INC同比增速更快（8.1% vs 2.2%）。过去两年AMERICAN REALTY INVESTORS INC的营收复合增速更高（4.6% vs 2.2%）
原温加顿地产投资者是一家房地产投资信托公司，主要投资于美国南部的购物中心，且项目大多以杂货店作为主力店。该公司在2021年8月被金考地产收购。
BXP是美国头部商业地产投资信托企业，核心业务为持有、运营及开发A级高端写字楼资产，项目覆盖纽约、波士顿、旧金山等美国核心都市圈，服务企业、科技、专业服务等领域的多元租户。
ARL vs BXP — 直观对比
营收规模更大
BXP
是对方的67.4倍
$13.0M
营收增速更快
ARL
高出5.9%
2.2%
净利率更高
ARL
高出46.9%
28.3%
两年增速更快
ARL
近两年复合增速
2.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $13.0M | $877.1M |
| 净利润 | $9.8M | $248.4M |
| 毛利率 | — | 58.8% |
| 营业利润率 | -23.3% | — |
| 净利率 | 75.2% | 28.3% |
| 营收同比 | 8.1% | 2.2% |
| 净利润同比 | 6175.8% | 208.5% |
| 每股收益（稀释后） | $0.60 | $1.56 |
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ARLBXP
| Q4 25 | $13.0M | $877.1M | ||
| Q3 25 | $12.8M | $871.5M | ||
| Q2 25 | $12.2M | $868.5M | ||
| Q1 25 | $12.0M | $865.2M | ||
| Q4 24 | $12.0M | $858.6M | ||
| Q3 24 | $11.6M | $859.2M | ||
| Q2 24 | $11.8M | $850.5M | ||
| Q1 24 | $11.9M | $839.4M |
净利润ARLBXP
| Q4 25 | $9.8M | $248.4M | ||
| Q3 25 | $129.0K | $-121.7M | ||
| Q2 25 | $2.8M | $89.0M | ||
| Q1 25 | $3.0M | $61.2M | ||
| Q4 24 | $-161.0K | $-228.9M | ||
| Q3 24 | $-17.5M | $83.6M | ||
| Q2 24 | $1.2M | $79.6M | ||
| Q1 24 | $1.8M | $79.9M |
毛利率ARLBXP
| Q4 25 | — | 58.8% | ||
| Q3 25 | — | 59.3% | ||
| Q2 25 | — | 59.2% | ||
| Q1 25 | — | 59.2% | ||
| Q4 24 | — | 59.7% | ||
| Q3 24 | — | 59.5% | ||
| Q2 24 | — | 59.8% | ||
| Q1 24 | — | 60.6% |
营业利润率ARLBXP
| Q4 25 | -23.3% | — | ||
| Q3 25 | -12.3% | — | ||
| Q2 25 | -8.3% | — | ||
| Q1 25 | -6.8% | — | ||
| Q4 24 | -14.8% | — | ||
| Q3 24 | -17.8% | — | ||
| Q2 24 | -10.8% | — | ||
| Q1 24 | -12.7% | — |
净利率ARLBXP
| Q4 25 | 75.2% | 28.3% | ||
| Q3 25 | 1.0% | -14.0% | ||
| Q2 25 | 23.2% | 10.2% | ||
| Q1 25 | 24.7% | 7.1% | ||
| Q4 24 | -1.3% | -26.7% | ||
| Q3 24 | -150.4% | 9.7% | ||
| Q2 24 | 9.9% | 9.4% | ||
| Q1 24 | 14.7% | 9.5% |
每股收益（稀释后）ARLBXP
| Q4 25 | $0.60 | $1.56 | ||
| Q3 25 | $0.01 | $-0.77 | ||
| Q2 25 | $0.18 | $0.56 | ||
| Q1 25 | $0.18 | $0.39 | ||
| Q4 24 | $-0.01 | $-1.46 | ||
| Q3 24 | $-1.08 | $0.53 | ||
| Q2 24 | $0.07 | $0.51 | ||
| Q1 24 | $0.11 | $0.51 |
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 | $89.1M | $1.5B |
| 总债务越低越好 | $214.4M | — |
| 股东权益账面价值 | $617.4M | $5.1B |
| 总资产 | $1.1B | $26.2B |
| 负债/权益比越低杠杆越低 | 0.35× | — |
8季度趋势，按日历期对齐
现金及短期投资ARLBXP
| Q4 25 | $89.1M | $1.5B | ||
| Q3 25 | $82.8M | $861.1M | ||
| Q2 25 | $73.5M | $447.0M | ||
| Q1 25 | $88.7M | $398.1M | ||
| Q4 24 | $99.7M | $1.3B | ||
| Q3 24 | $131.6M | $1.4B | ||
| Q2 24 | $127.5M | $685.4M | ||
| Q1 24 | $130.9M | $701.7M |
总债务ARLBXP
| Q4 25 | $214.4M | — | ||
| Q3 25 | $227.0M | — | ||
| Q2 25 | $216.0M | — | ||
| Q1 25 | $201.7M | — | ||
| Q4 24 | $185.4M | — | ||
| Q3 24 | $183.8M | — | ||
| Q2 24 | $181.0M | — | ||
| Q1 24 | $181.8M | — |
股东权益ARLBXP
| Q4 25 | $617.4M | $5.1B | ||
| Q3 25 | $607.8M | $5.0B | ||
| Q2 25 | $607.8M | $5.3B | ||
| Q1 25 | $604.9M | $5.3B | ||
| Q4 24 | $601.8M | $5.4B | ||
| Q3 24 | $602.2M | $5.8B | ||
| Q2 24 | $619.9M | $5.8B | ||
| Q1 24 | $618.8M | $5.9B |
总资产ARLBXP
| Q4 25 | $1.1B | $26.2B | ||
| Q3 25 | $1.1B | $26.0B | ||
| Q2 25 | $1.1B | $25.6B | ||
| Q1 25 | $1.0B | $25.4B | ||
| Q4 24 | $1.0B | $26.1B | ||
| Q3 24 | $1.0B | $26.4B | ||
| Q2 24 | $1.0B | $25.5B | ||
| Q1 24 | $1.0B | $25.5B |
负债/权益比ARLBXP
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.36× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.29× | — |
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 | $-3.2M | $407.8M |
| 自由现金流经营现金流 - 资本支出 | — | $362.7M |
| 自由现金流率自由现金流/营收 | — | 41.4% |
| 资本支出强度资本支出/营收 | — | 5.1% |
| 现金转化率经营现金流/净利润 | -0.33× | 1.64× |
| 过去12个月自由现金流最近4个季度 | — | $1.0B |
8季度趋势，按日历期对齐
经营现金流ARLBXP
| Q4 25 | $-3.2M | $407.8M | ||
| Q3 25 | $8.0M | $274.2M | ||
| Q2 25 | $-2.9M | $353.1M | ||
| Q1 25 | $-7.4M | $210.0M | ||
| Q4 24 | $-15.8M | $383.7M | ||
| Q3 24 | $13.5M | $286.1M | ||
| Q2 24 | $-503.0K | $367.1M | ||
| Q1 24 | $3.9M | $197.6M |
自由现金流ARLBXP
| Q4 25 | — | $362.7M | ||
| Q3 25 | — | $231.6M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $152.6M | ||
| Q4 24 | — | $312.5M | ||
| Q3 24 | — | $234.5M | ||
| Q2 24 | — | $332.4M | ||
| Q1 24 | — | $165.5M |
自由现金流率ARLBXP
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | — | 32.4% | ||
| Q1 25 | — | 17.6% | ||
| Q4 24 | — | 36.4% | ||
| Q3 24 | — | 27.3% | ||
| Q2 24 | — | 39.1% | ||
| Q1 24 | — | 19.7% |
资本支出强度ARLBXP
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 3.8% |
现金转化率ARLBXP
| Q4 25 | -0.33× | 1.64× | ||
| Q3 25 | 61.81× | — | ||
| Q2 25 | -1.03× | 3.97× | ||
| Q1 25 | -2.50× | 3.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | -0.43× | 4.61× | ||
| Q1 24 | 2.21× | 2.47× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
