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AMERICAN REALTY INVESTORS INC（ARL）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
REDWOOD TRUST INC的季度营收约是AMERICAN REALTY INVESTORS INC的2.0倍（$25.9M vs $13.0M），REDWOOD TRUST INC净利率更高（77.2% vs 75.2%，领先2.0%），AMERICAN REALTY INVESTORS INC同比增速更快（8.1% vs -6.1%），过去两年AMERICAN REALTY INVESTORS INC的营收复合增速更高（4.6% vs -41.0%）
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。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
ARL vs RWT — 直观对比
营收规模更大
RWT
是对方的2.0倍
$13.0M
营收增速更快
ARL
高出14.2%
-6.1%
净利率更高
RWT
高出2.0%
75.2%
两年增速更快
ARL
近两年复合增速
-41.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $13.0M | $25.9M |
| 净利润 | $9.8M | $20.0M |
| 毛利率 | — | — |
| 营业利润率 | -23.3% | — |
| 净利率 | 75.2% | 77.2% |
| 营收同比 | 8.1% | -6.1% |
| 净利润同比 | 6175.8% | 402.6% |
| 每股收益（稀释后） | $0.60 | $0.11 |
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ARLRWT
| Q4 25 | $13.0M | $25.9M | ||
| Q3 25 | $12.8M | $15.0M | ||
| Q2 25 | $12.2M | $13.8M | ||
| Q1 25 | $12.0M | $27.9M | ||
| Q4 24 | $12.0M | $27.6M | ||
| Q3 24 | $11.6M | $25.5M | ||
| Q2 24 | $11.8M | $67.4M | ||
| Q1 24 | $11.9M | $74.5M |
净利润ARLRWT
| Q4 25 | $9.8M | $20.0M | ||
| Q3 25 | $129.0K | $-7.7M | ||
| Q2 25 | $2.8M | $-98.5M | ||
| Q1 25 | $3.0M | $16.1M | ||
| Q4 24 | $-161.0K | $-6.6M | ||
| Q3 24 | $-17.5M | $14.8M | ||
| Q2 24 | $1.2M | $15.5M | ||
| Q1 24 | $1.8M | $30.3M |
营业利润率ARLRWT
| Q4 25 | -23.3% | — | ||
| Q3 25 | -12.3% | -9.0% | ||
| Q2 25 | -8.3% | -679.0% | ||
| Q1 25 | -6.8% | 80.2% | ||
| Q4 24 | -14.8% | -1.3% | ||
| Q3 24 | -17.8% | 86.1% | ||
| Q2 24 | -10.8% | 30.3% | ||
| Q1 24 | -12.7% | 41.3% |
净利率ARLRWT
| Q4 25 | 75.2% | 77.2% | ||
| Q3 25 | 1.0% | -51.4% | ||
| Q2 25 | 23.2% | -712.0% | ||
| Q1 25 | 24.7% | 57.8% | ||
| Q4 24 | -1.3% | -24.0% | ||
| Q3 24 | -150.4% | 58.1% | ||
| Q2 24 | 9.9% | 23.0% | ||
| Q1 24 | 14.7% | 40.6% |
每股收益（稀释后）ARLRWT
| Q4 25 | $0.60 | $0.11 | ||
| Q3 25 | $0.01 | $-0.08 | ||
| Q2 25 | $0.18 | $-0.76 | ||
| Q1 25 | $0.18 | $0.10 | ||
| Q4 24 | $-0.01 | $-0.08 | ||
| Q3 24 | $-1.08 | $0.09 | ||
| Q2 24 | $0.07 | $0.10 | ||
| Q1 24 | $0.11 | $0.21 |
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 | $255.7M |
| 总债务越低越好 | $214.4M | — |
| 股东权益账面价值 | $617.4M | $982.6M |
| 总资产 | $1.1B | $23.7B |
| 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ARLRWT
| Q4 25 | $89.1M | $255.7M | ||
| Q3 25 | $82.8M | $226.3M | ||
| Q2 25 | $73.5M | $302.0M | ||
| Q1 25 | $88.7M | $259.9M | ||
| Q4 24 | $99.7M | $245.2M | ||
| Q3 24 | $131.6M | $253.7M | ||
| Q2 24 | $127.5M | $275.6M | ||
| Q1 24 | $130.9M | $275.4M |
总债务ARLRWT
| 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 | $1.7B |
股东权益ARLRWT
| Q4 25 | $617.4M | $982.6M | ||
| Q3 25 | $607.8M | $999.0M | ||
| Q2 25 | $607.8M | $1.1B | ||
| Q1 25 | $604.9M | $1.2B | ||
| Q4 24 | $601.8M | $1.2B | ||
| Q3 24 | $602.2M | $1.2B | ||
| Q2 24 | $619.9M | $1.2B | ||
| Q1 24 | $618.8M | $1.2B |
总资产ARLRWT
| Q4 25 | $1.1B | $23.7B | ||
| Q3 25 | $1.1B | $22.6B | ||
| Q2 25 | $1.1B | $21.3B | ||
| Q1 25 | $1.0B | $19.9B | ||
| Q4 24 | $1.0B | $18.3B | ||
| Q3 24 | $1.0B | $18.4B | ||
| Q2 24 | $1.0B | $16.5B | ||
| Q1 24 | $1.0B | $15.1B |
负债/权益比ARLRWT
| 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× | 1.39× |
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 | $-5.6M | $-10.1B |
| 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 | — | — |
| 现金转化率经营现金流/净利润 | -0.57× | -504.15× |
| 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ARLRWT
| Q4 25 | $-5.6M | $-10.1B | ||
| Q3 25 | $8.0M | $-2.7B | ||
| Q2 25 | $-2.9M | $-2.1B | ||
| Q1 25 | $-7.4M | $-2.0B | ||
| Q4 24 | $1.1M | $-5.9B | ||
| Q3 24 | $13.5M | $-2.1B | ||
| Q2 24 | $-503.0K | $-2.0B | ||
| Q1 24 | $3.9M | $-954.2M |
现金转化率ARLRWT
| Q4 25 | -0.57× | -504.15× | ||
| Q3 25 | 61.81× | — | ||
| Q2 25 | -1.03× | — | ||
| Q1 25 | -2.50× | -120.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -140.86× | ||
| Q2 24 | -0.43× | -126.56× | ||
| Q1 24 | 2.21× | -31.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
