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BRIGHT HORIZONS FAMILY SOLUTIONS INC.（BFAM）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
BRIGHT HORIZONS FAMILY SOLUTIONS INC.的季度营收约是STARWOOD PROPERTY TRUST, INC.的1.5倍（$733.7M vs $492.9M），BRIGHT HORIZONS FAMILY SOLUTIONS INC.同比增速更快（8.8% vs 8.5%），过去两年BRIGHT HORIZONS FAMILY SOLUTIONS INC.的营收复合增速更高（8.5% vs -2.9%）
Bright Horizons Family Solutions总部位于美国马萨诸塞州牛顿市，是美国规模最大的雇主赞助育儿服务运营商，除核心育儿服务外，还提供备用育儿、老人照护、学费项目管理、教育咨询、学生贷款偿还方案等多元服务，覆盖企业员工福利及教育支持领域。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
BFAM vs STWD — 直观对比
营收规模更大
BFAM
是对方的1.5倍
$492.9M
营收增速更快
BFAM
高出0.3%
8.5%
两年增速更快
BFAM
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $733.7M | $492.9M |
| 净利润 | — | $96.9M |
| 毛利率 | 19.3% | — |
| 营业利润率 | 6.2% | 26.6% |
| 净利率 | — | 19.7% |
| 营收同比 | 8.8% | 8.5% |
| 净利润同比 | — | 87.7% |
| 每股收益（稀释后） | $0.38 | $0.25 |
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BFAMSTWD
| Q4 25 | $733.7M | $492.9M | ||
| Q3 25 | $802.8M | $488.9M | ||
| Q2 25 | $731.6M | $444.3M | ||
| Q1 25 | $665.5M | $418.2M | ||
| Q4 24 | $674.1M | $454.4M | ||
| Q3 24 | $719.1M | $479.5M | ||
| Q2 24 | $670.1M | $489.8M | ||
| Q1 24 | $622.7M | $523.1M |
净利润BFAMSTWD
| Q4 25 | — | $96.9M | ||
| Q3 25 | $78.6M | $72.6M | ||
| Q2 25 | $54.8M | $129.8M | ||
| Q1 25 | $38.0M | $112.3M | ||
| Q4 24 | — | $51.6M | ||
| Q3 24 | $54.9M | $76.1M | ||
| Q2 24 | $39.2M | $77.9M | ||
| Q1 24 | $17.0M | $154.3M |
毛利率BFAMSTWD
| Q4 25 | 19.3% | — | ||
| Q3 25 | 27.0% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 21.7% | — |
营业利润率BFAMSTWD
| Q4 25 | 6.2% | 26.6% | ||
| Q3 25 | 15.1% | 19.1% | ||
| Q2 25 | 11.8% | 30.5% | ||
| Q1 25 | 9.4% | 28.7% | ||
| Q4 24 | 7.2% | 15.1% | ||
| Q3 24 | 12.4% | 17.2% | ||
| Q2 24 | 10.3% | 19.1% | ||
| Q1 24 | 6.4% | 30.8% |
净利率BFAMSTWD
| Q4 25 | — | 19.7% | ||
| Q3 25 | 9.8% | 14.8% | ||
| Q2 25 | 7.5% | 29.2% | ||
| Q1 25 | 5.7% | 26.8% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | 7.6% | 15.9% | ||
| Q2 24 | 5.8% | 15.9% | ||
| Q1 24 | 2.7% | 29.5% |
每股收益（稀释后）BFAMSTWD
| Q4 25 | $0.38 | $0.25 | ||
| Q3 25 | $1.37 | $0.19 | ||
| Q2 25 | $0.95 | $0.38 | ||
| Q1 25 | $0.66 | $0.33 | ||
| Q4 24 | $0.50 | $0.15 | ||
| Q3 24 | $0.94 | $0.23 | ||
| Q2 24 | $0.67 | $0.24 | ||
| Q1 24 | $0.29 | $0.48 |
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 | $140.1M | $499.5M |
| 总债务越低越好 | $747.6M | — |
| 股东权益账面价值 | $1.3B | $6.8B |
| 总资产 | $3.9B | $63.2B |
| 负债/权益比越低杠杆越低 | 0.56× | — |
8季度趋势，按日历期对齐
现金及短期投资BFAMSTWD
| Q4 25 | $140.1M | $499.5M | ||
| Q3 25 | $116.6M | $301.1M | ||
| Q2 25 | $179.2M | $259.9M | ||
| Q1 25 | $112.0M | $440.6M | ||
| Q4 24 | $110.3M | $377.8M | ||
| Q3 24 | $109.9M | $357.9M | ||
| Q2 24 | $140.2M | $259.3M | ||
| Q1 24 | $63.7M | $327.4M |
总债务BFAMSTWD
| Q4 25 | $747.6M | — | ||
| Q3 25 | $747.5M | — | ||
| Q2 25 | $797.0M | — | ||
| Q1 25 | $872.7M | — | ||
| Q4 24 | $918.4M | — | ||
| Q3 24 | $925.7M | — | ||
| Q2 24 | $931.9M | — | ||
| Q1 24 | $938.1M | — |
股东权益BFAMSTWD
| Q4 25 | $1.3B | $6.8B | ||
| Q3 25 | $1.4B | $6.9B | ||
| Q2 25 | $1.4B | $6.4B | ||
| Q1 25 | $1.3B | $6.4B | ||
| Q4 24 | $1.3B | $6.4B | ||
| Q3 24 | $1.4B | $6.5B | ||
| Q2 24 | $1.3B | $6.2B | ||
| Q1 24 | $1.2B | $6.3B |
总资产BFAMSTWD
| Q4 25 | $3.9B | $63.2B | ||
| Q3 25 | $3.9B | $62.4B | ||
| Q2 25 | $3.9B | $62.4B | ||
| Q1 25 | $3.8B | $62.2B | ||
| Q4 24 | $3.9B | $62.6B | ||
| Q3 24 | $3.9B | $64.2B | ||
| Q2 24 | $3.8B | $64.1B | ||
| Q1 24 | $3.8B | $66.2B |
负债/权益比BFAMSTWD
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 0.76× | — |
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 | $350.7M | $488.8M |
| 自由现金流经营现金流 - 资本支出 | $258.5M | — |
| 自由现金流率自由现金流/营收 | 35.2% | — |
| 资本支出强度资本支出/营收 | 12.6% | — |
| 现金转化率经营现金流/净利润 | — | 5.04× |
| 过去12个月自由现金流最近4个季度 | $402.4M | — |
8季度趋势，按日历期对齐
经营现金流BFAMSTWD
| Q4 25 | $350.7M | $488.8M | ||
| Q3 25 | $-17.6M | $337.6M | ||
| Q2 25 | $134.2M | $-87.4M | ||
| Q1 25 | $86.2M | $238.9M | ||
| Q4 24 | $337.5M | $295.6M | ||
| Q3 24 | $-8.9M | $241.8M | ||
| Q2 24 | $109.4M | $53.3M | ||
| Q1 24 | $116.3M | $55.9M |
自由现金流BFAMSTWD
| Q4 25 | $258.5M | — | ||
| Q3 25 | $-42.4M | — | ||
| Q2 25 | $115.4M | — | ||
| Q1 25 | $70.9M | — | ||
| Q4 24 | $240.2M | — | ||
| Q3 24 | $-32.2M | — | ||
| Q2 24 | $86.8M | — | ||
| Q1 24 | $96.9M | — |
自由现金流率BFAMSTWD
| Q4 25 | 35.2% | — | ||
| Q3 25 | -5.3% | — | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 35.6% | — | ||
| Q3 24 | -4.5% | — | ||
| Q2 24 | 13.0% | — | ||
| Q1 24 | 15.6% | — |
资本支出强度BFAMSTWD
| Q4 25 | 12.6% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 14.4% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 3.1% | — |
现金转化率BFAMSTWD
| Q4 25 | — | 5.04× | ||
| Q3 25 | -0.22× | 4.65× | ||
| Q2 25 | 2.45× | -0.67× | ||
| Q1 25 | 2.26× | 2.13× | ||
| Q4 24 | — | 5.72× | ||
| Q3 24 | -0.16× | 3.18× | ||
| Q2 24 | 2.79× | 0.68× | ||
| Q1 24 | 6.85× | 0.36× |
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
BFAM
暂无分部数据
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
