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Broadstone Net Lease, Inc.（BNL）与T1 Energy Inc.（TE）财务数据对比。点击上方公司名可切换其他公司
T1 Energy Inc.的季度营收约是Broadstone Net Lease, Inc.的1.8倍（$210.5M vs $118.3M），Broadstone Net Lease, Inc.净利率更高（28.0% vs -62.0%，领先90.0%），Broadstone Net Lease, Inc.自由现金流更多（$269.8M vs $55.0M）
Broadstone Net Lease, Inc.是一家房地产投资信托公司，主要在美国市场收购、持有并管理单一租户商业地产资产组合，覆盖工业设施、医疗物业、零售门店、办公空间等核心板块，所有物业均与租户签订长期净租赁协议。
索尼能源设备株式会社是隶属于索尼集团设备事业部的全资子公司，是一家日本跨国企业，深耕能源产业多领域业务。该公司1975年2月在日本福岛成立，依托索尼的技术积累，在能源相关产品研发、生产及商业化方面具备行业领先实力。
BNL vs TE — 直观对比
营收规模更大
TE
是对方的1.8倍
$118.3M
净利率更高
BNL
高出90.0%
-62.0%
自由现金流更多
BNL
多$214.8M
$55.0M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $118.3M | $210.5M |
| 净利润 | $33.1M | $-130.6M |
| 毛利率 | — | 10.0% |
| 营业利润率 | — | -45.0% |
| 净利率 | 28.0% | -62.0% |
| 营收同比 | 5.5% | — |
| 净利润同比 | 25.5% | -375.2% |
| 每股收益（稀释后） | $0.17 | $-0.87 |
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BNLTE
| Q4 25 | $118.3M | — | ||
| Q3 25 | $114.2M | $210.5M | ||
| Q2 25 | $113.0M | $132.8M | ||
| Q1 25 | $108.7M | $53.5M | ||
| Q4 24 | $112.1M | — | ||
| Q3 24 | $108.4M | $0 | ||
| Q2 24 | $105.9M | $0 | ||
| Q1 24 | $105.4M | $0 |
净利润BNLTE
| Q4 25 | $33.1M | — | ||
| Q3 25 | $26.5M | $-130.6M | ||
| Q2 25 | $20.2M | $-31.9M | ||
| Q1 25 | $16.7M | $-16.2M | ||
| Q4 24 | $26.4M | — | ||
| Q3 24 | $35.6M | $-27.5M | ||
| Q2 24 | $35.3M | $-27.0M | ||
| Q1 24 | $65.1M | $-28.5M |
毛利率BNLTE
| Q4 25 | — | — | ||
| Q3 25 | — | 10.0% | ||
| Q2 25 | — | 24.7% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率BNLTE
| Q4 25 | — | — | ||
| Q3 25 | — | -45.0% | ||
| Q2 25 | — | -22.0% | ||
| Q1 25 | — | -44.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
净利率BNLTE
| Q4 25 | 28.0% | — | ||
| Q3 25 | 23.2% | -62.0% | ||
| Q2 25 | 17.8% | -24.0% | ||
| Q1 25 | 15.4% | -30.4% | ||
| Q4 24 | 23.5% | — | ||
| Q3 24 | 32.8% | — | ||
| Q2 24 | 33.4% | — | ||
| Q1 24 | 61.8% | — |
每股收益（稀释后）BNLTE
| Q4 25 | $0.17 | — | ||
| Q3 25 | $0.14 | $-0.87 | ||
| Q2 25 | $0.10 | $-0.21 | ||
| Q1 25 | $0.09 | $-0.11 | ||
| Q4 24 | $0.13 | — | ||
| Q3 24 | $0.19 | $-0.20 | ||
| Q2 24 | $0.19 | $-0.19 | ||
| Q1 24 | $0.35 | $-0.20 |
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 | $30.5M | $34.1M |
| 总债务越低越好 | $2.5B | $547.3M |
| 股东权益账面价值 | $2.9B | $96.9M |
| 总资产 | $5.7B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.87× | 5.65× |
8季度趋势，按日历期对齐
现金及短期投资BNLTE
| Q4 25 | $30.5M | — | ||
| Q3 25 | $82.0M | $34.1M | ||
| Q2 25 | $20.8M | $8.5M | ||
| Q1 25 | $9.6M | $48.9M | ||
| Q4 24 | $14.8M | — | ||
| Q3 24 | $9.0M | $181.9M | ||
| Q2 24 | $18.3M | $219.6M | ||
| Q1 24 | $221.7M | $249.9M |
总债务BNLTE
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.4B | $547.3M | ||
| Q2 25 | $2.1B | $591.2M | ||
| Q1 25 | $2.0B | $603.2M | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | $602.3M |
股东权益BNLTE
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | $96.9M | ||
| Q2 25 | $2.9B | $183.9M | ||
| Q1 25 | $2.9B | $201.9M | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.0B | $538.7M | ||
| Q2 24 | $3.1B | $561.6M | ||
| Q1 24 | $3.1B | $582.3M |
总资产BNLTE
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.5B | $1.4B | ||
| Q2 25 | $5.3B | $1.4B | ||
| Q1 25 | $5.2B | $1.4B | ||
| Q4 24 | $5.2B | — | ||
| Q3 24 | $5.3B | $615.0M | ||
| Q2 24 | $5.3B | $644.4M | ||
| Q1 24 | $5.3B | $670.3M |
负债/权益比BNLTE
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.82× | 5.65× | ||
| Q2 25 | 0.73× | 3.21× | ||
| Q1 25 | 0.68× | 2.99× | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.62× | 1.03× |
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 | $299.5M | $63.9M |
| 自由现金流经营现金流 - 资本支出 | $269.8M | $55.0M |
| 自由现金流率自由现金流/营收 | 228.1% | 26.1% |
| 资本支出强度资本支出/营收 | 25.1% | 4.2% |
| 现金转化率经营现金流/净利润 | 9.04× | — |
| 过去12个月自由现金流最近4个季度 | $461.6M | $-42.3M |
8季度趋势，按日历期对齐
经营现金流BNLTE
| Q4 25 | $299.5M | — | ||
| Q3 25 | $64.2M | $63.9M | ||
| Q2 25 | $79.3M | $33.4M | ||
| Q1 25 | $71.5M | $-44.8M | ||
| Q4 24 | $276.3M | — | ||
| Q3 24 | $67.3M | $-28.4M | ||
| Q2 24 | $74.2M | $-28.0M | ||
| Q1 24 | $70.9M | $-16.2M |
自由现金流BNLTE
| Q4 25 | $269.8M | — | ||
| Q3 25 | $58.0M | $55.0M | ||
| Q2 25 | $76.7M | $10.6M | ||
| Q1 25 | $57.1M | $-74.0M | ||
| Q4 24 | $259.5M | — | ||
| Q3 24 | $60.3M | $-34.0M | ||
| Q2 24 | $74.0M | $-35.6M | ||
| Q1 24 | $67.7M | $-37.7M |
自由现金流率BNLTE
| Q4 25 | 228.1% | — | ||
| Q3 25 | 50.8% | 26.1% | ||
| Q2 25 | 67.9% | 8.0% | ||
| Q1 25 | 52.5% | -138.4% | ||
| Q4 24 | 231.4% | — | ||
| Q3 24 | 55.6% | — | ||
| Q2 24 | 69.9% | — | ||
| Q1 24 | 64.3% | — |
资本支出强度BNLTE
| Q4 25 | 25.1% | — | ||
| Q3 25 | 5.4% | 4.2% | ||
| Q2 25 | 2.3% | 17.2% | ||
| Q1 25 | 13.2% | 54.5% | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 6.5% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 3.0% | — |
现金转化率BNLTE
| Q4 25 | 9.04× | — | ||
| Q3 25 | 2.43× | — | ||
| Q2 25 | 3.93× | — | ||
| Q1 25 | 4.27× | — | ||
| Q4 24 | 10.47× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 2.10× | — | ||
| Q1 24 | 1.09× | — |
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
BNL
| Other | $66.9M | 57% |
| Two Thousand Twenty Four Atm Program | $51.4M | 43% |
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
