vs
Bandwidth Inc.（BAND）与医疗房产信托（SVC）财务数据对比。点击上方公司名可切换其他公司
医疗房产信托的季度营收约是Bandwidth Inc.的1.4倍（$296.5M vs $208.8M），Bandwidth Inc.净利率更高（1.9% vs -0.3%，领先2.2%），Bandwidth Inc.同比增速更快（20.1% vs -17.0%），Bandwidth Inc.自由现金流更多（$-1.0M vs $-95.2M），过去两年Bandwidth Inc.的营收复合增速更高（9.7% vs -6.1%）
Bandwidth Inc.是一家通信平台即服务提供商，依托自有全球IP语音网络，为客户提供语音、短信及应急服务相关的软件API产品，帮助开发者便捷集成通信功能，全球客户可借助其方案快速搭建符合需求的通信服务体系。
医疗房产信托（MPT）是总部位于阿拉巴马州伯明翰的国际房地产投资信托（REIT），主要在美国和欧洲地区收购投资医疗设施与营利性医疗控股公司。该公司的房产收购多采用售后回租模式，原产权方出售房产给MPT后成为承租租户，其租户普遍签订长期三净租约。
BAND vs SVC — 直观对比
营收规模更大
SVC
是对方的1.4倍
$208.8M
营收增速更快
BAND
高出37.1%
-17.0%
净利率更高
BAND
高出2.2%
-0.3%
自由现金流更多
BAND
多$94.2M
$-95.2M
两年增速更快
BAND
近两年复合增速
-6.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $208.8M | $296.5M |
| 净利润 | $4.0M | $-782.0K |
| 毛利率 | 37.3% | — |
| 营业利润率 | 60.5% | -3.9% |
| 净利率 | 1.9% | -0.3% |
| 营收同比 | 20.1% | -17.0% |
| 净利润同比 | 200.0% | 99.0% |
| 每股收益（稀释后） | $-0.08 | $-0.01 |
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BANDSVC
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | $296.5M | ||
| Q3 25 | $191.9M | $377.6M | ||
| Q2 25 | $180.0M | $404.4M | ||
| Q1 25 | $174.2M | $335.0M | ||
| Q4 24 | $210.0M | $357.0M | ||
| Q3 24 | $193.9M | $390.9M | ||
| Q2 24 | $173.6M | $412.5M |
净利润BANDSVC
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $-782.0K | ||
| Q3 25 | $-1.2M | $-46.9M | ||
| Q2 25 | $-4.9M | $-38.2M | ||
| Q1 25 | $-3.7M | $-116.4M | ||
| Q4 24 | — | $-76.4M | ||
| Q3 24 | $413.0K | $-46.9M | ||
| Q2 24 | $4.1M | $-73.8M |
毛利率BANDSVC
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 41.0% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 37.3% | — |
营业利润率BANDSVC
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | -3.9% | ||
| Q3 25 | -1.0% | -12.8% | ||
| Q2 25 | -2.1% | -9.2% | ||
| Q1 25 | -2.7% | -33.3% | ||
| Q4 24 | -1.3% | -19.4% | ||
| Q3 24 | -0.5% | -12.8% | ||
| Q2 24 | -3.5% | -17.1% |
净利率BANDSVC
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | -0.3% | ||
| Q3 25 | -0.6% | -12.4% | ||
| Q2 25 | -2.7% | -9.4% | ||
| Q1 25 | -2.1% | -34.8% | ||
| Q4 24 | — | -21.4% | ||
| Q3 24 | 0.2% | -12.0% | ||
| Q2 24 | 2.3% | -17.9% |
每股收益（稀释后）BANDSVC
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $-0.01 | ||
| Q3 25 | $-0.04 | $-0.28 | ||
| Q2 25 | $-0.16 | $-0.23 | ||
| Q1 25 | $-0.13 | $-0.70 | ||
| Q4 24 | $0.27 | $-0.46 | ||
| Q3 24 | $0.01 | $-0.28 | ||
| Q2 24 | $-0.17 | $-0.45 |
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 | $47.3M | $346.8M |
| 总债务越低越好 | — | $5.5B |
| 股东权益账面价值 | $405.7M | $646.1M |
| 总资产 | $984.2M | $6.5B |
| 负债/权益比越低杠杆越低 | — | 8.52× |
8季度趋势，按日历期对齐
现金及短期投资BANDSVC
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $346.8M | ||
| Q3 25 | $80.4M | $417.4M | ||
| Q2 25 | $68.1M | $63.2M | ||
| Q1 25 | $41.7M | $80.1M | ||
| Q4 24 | $83.8M | $143.5M | ||
| Q3 24 | $79.9M | $48.6M | ||
| Q2 24 | $76.4M | $14.6M |
总债务BANDSVC
| Q1 26 | — | — | ||
| Q4 25 | — | $5.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BANDSVC
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $646.1M | ||
| Q3 25 | $392.7M | $647.9M | ||
| Q2 25 | $384.5M | $695.9M | ||
| Q1 25 | $345.4M | $734.6M | ||
| Q4 24 | $312.5M | $851.9M | ||
| Q3 24 | $336.6M | $929.0M | ||
| Q2 24 | $307.4M | $1.0B |
总资产BANDSVC
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $6.5B | ||
| Q3 25 | $1.0B | $7.0B | ||
| Q2 25 | $1.0B | $6.9B | ||
| Q1 25 | $964.4M | $7.0B | ||
| Q4 24 | $989.2M | $7.1B | ||
| Q3 24 | $1.0B | $7.1B | ||
| Q2 24 | $1.0B | $7.1B |
负债/权益比BANDSVC
| Q1 26 | — | — | ||
| Q4 25 | — | 8.52× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.85× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $-18.5M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $-95.2M |
| 自由现金流率自由现金流/营收 | -0.5% | -32.1% |
| 资本支出强度资本支出/营收 | — | 25.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-107.0M |
8季度趋势，按日历期对齐
经营现金流BANDSVC
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $-18.5M | ||
| Q3 25 | $22.2M | $98.1M | ||
| Q2 25 | $31.7M | $-7.0K | ||
| Q1 25 | $-3.1M | $38.2M | ||
| Q4 24 | $36.5M | $-9.7M | ||
| Q3 24 | $20.5M | $106.2M | ||
| Q2 24 | $24.4M | $43.8M |
自由现金流BANDSVC
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $-95.2M | ||
| Q3 25 | — | $57.9M | ||
| Q2 25 | — | $-46.6M | ||
| Q1 25 | — | $-23.2M | ||
| Q4 24 | — | $-88.9M | ||
| Q3 24 | — | $24.1M | ||
| Q2 24 | — | $-22.3M |
自由现金流率BANDSVC
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | -32.1% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | — | -11.5% | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | — | -24.9% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | -5.4% |
资本支出强度BANDSVC
| Q1 26 | — | — | ||
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 10.6% | ||
| Q2 25 | — | 11.5% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | — | 22.2% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | 16.0% |
现金转化率BANDSVC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
