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鲍德温（BWIN）与Essex Property Trust（ESS）财务数据对比。点击上方公司名可切换其他公司
Essex Property Trust的季度营收约是鲍德温的1.4倍（$479.6M vs $347.3M），Essex Property Trust净利率更高（17.9% vs -7.5%，领先25.4%），Essex Property Trust同比增速更快（5.5% vs 5.3%），过去两年Essex Property Trust的营收复合增速更高（6.0% vs -4.4%）
鲍德温钢琴是美国知名钢琴品牌，曾是美国最大的键盘乐器制造商，主打 slogan 为「美国人最喜爱的钢琴」。2001年起成为吉普森品牌旗下子公司，2008年12月停止美国本土生产，将钢琴制造生产线迁至中国。
Essex Property Trust是一家公开上市的房地产投资信托企业，重点布局美国西海岸优质不动产市场，核心投资标的为加利福尼亚州及西雅图大都会区的公寓类物业，在长租公寓的投资、运营及管理领域拥有深厚的行业积累与资源优势。
BWIN vs ESS — 直观对比
营收规模更大
ESS
是对方的1.4倍
$347.3M
营收增速更快
ESS
高出0.3%
5.3%
净利率更高
ESS
高出25.4%
-7.5%
两年增速更快
ESS
近两年复合增速
-4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $347.3M | $479.6M |
| 净利润 | $-25.9M | $85.7M |
| 毛利率 | — | 70.0% |
| 营业利润率 | -3.8% | 31.7% |
| 净利率 | -7.5% | 17.9% |
| 营收同比 | 5.3% | 5.5% |
| 净利润同比 | -28.3% | -71.6% |
| 每股收益（稀释后） | $-0.38 | $1.24 |
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BWINESS
| Q4 25 | $347.3M | $479.6M | ||
| Q3 25 | $365.4M | $473.3M | ||
| Q2 25 | $378.8M | $469.8M | ||
| Q1 25 | $413.4M | $464.6M | ||
| Q4 24 | $329.9M | $454.5M | ||
| Q3 24 | $338.9M | $450.7M | ||
| Q2 24 | $339.8M | $442.4M | ||
| Q1 24 | $380.4M | $426.9M |
净利润BWINESS
| Q4 25 | $-25.9M | $85.7M | ||
| Q3 25 | $-18.7M | $172.7M | ||
| Q2 25 | $-3.2M | $231.5M | ||
| Q1 25 | $13.9M | $212.8M | ||
| Q4 24 | $-20.2M | $301.7M | ||
| Q3 24 | $-8.4M | $125.5M | ||
| Q2 24 | $-17.6M | $99.0M | ||
| Q1 24 | $21.6M | $285.1M |
毛利率BWINESS
| Q4 25 | — | 70.0% | ||
| Q3 25 | — | 69.2% | ||
| Q2 25 | — | 70.7% | ||
| Q1 25 | — | 69.6% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | — | 69.5% | ||
| Q2 24 | — | 70.8% | ||
| Q1 24 | — | 69.7% |
营业利润率BWINESS
| Q4 25 | -3.8% | 31.7% | ||
| Q3 25 | 0.9% | 44.5% | ||
| Q2 25 | 7.4% | 59.5% | ||
| Q1 25 | 13.6% | 55.3% | ||
| Q4 24 | -1.7% | 67.0% | ||
| Q3 24 | 4.5% | 28.6% | ||
| Q2 24 | 4.8% | 31.1% | ||
| Q1 24 | 9.0% | 31.0% |
净利率BWINESS
| Q4 25 | -7.5% | 17.9% | ||
| Q3 25 | -5.1% | 36.5% | ||
| Q2 25 | -0.8% | 49.3% | ||
| Q1 25 | 3.4% | 45.8% | ||
| Q4 24 | -6.2% | 66.4% | ||
| Q3 24 | -2.5% | 27.8% | ||
| Q2 24 | -5.2% | 22.4% | ||
| Q1 24 | 5.7% | 66.8% |
每股收益（稀释后）BWINESS
| Q4 25 | $-0.38 | $1.24 | ||
| Q3 25 | $-0.27 | $2.56 | ||
| Q2 25 | $-0.05 | $3.44 | ||
| Q1 25 | $0.20 | $3.16 | ||
| Q4 24 | $-0.31 | $4.00 | ||
| Q3 24 | $-0.13 | $1.84 | ||
| Q2 24 | $-0.28 | $1.45 | ||
| Q1 24 | $0.33 | $4.25 |
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 | $123.7M | $76.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $600.2M | $5.5B |
| 总资产 | $3.9B | $13.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BWINESS
| Q4 25 | $123.7M | $76.2M | ||
| Q3 25 | $89.7M | $66.0M | ||
| Q2 25 | $105.7M | $58.7M | ||
| Q1 25 | $81.8M | $98.7M | ||
| Q4 24 | $90.0M | $66.8M | ||
| Q3 24 | $181.8M | $71.3M | ||
| Q2 24 | $208.3M | $55.2M | ||
| Q1 24 | $112.1M | $499.0M |
总债务BWINESS
| Q4 25 | — | — | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B | ||
| Q1 24 | — | $6.6B |
股东权益BWINESS
| Q4 25 | $600.2M | $5.5B | ||
| Q3 25 | $619.7M | $5.6B | ||
| Q2 25 | $630.8M | $5.6B | ||
| Q1 25 | $619.6M | $5.6B | ||
| Q4 24 | $583.2M | $5.5B | ||
| Q3 24 | $595.4M | $5.4B | ||
| Q2 24 | $590.9M | $5.5B | ||
| Q1 24 | $597.9M | $5.5B |
总资产BWINESS
| Q4 25 | $3.9B | $13.2B | ||
| Q3 25 | $3.8B | $13.2B | ||
| Q2 25 | $3.7B | $13.2B | ||
| Q1 25 | $3.5B | $13.2B | ||
| Q4 24 | $3.5B | $12.9B | ||
| Q3 24 | $3.5B | $12.6B | ||
| Q2 24 | $3.7B | $12.5B | ||
| Q1 24 | $3.5B | $12.9B |
负债/权益比BWINESS
| Q4 25 | — | — | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 1.19× |
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 | $-29.4M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $-68.9M | — |
| 自由现金流率自由现金流/营收 | -19.9% | — |
| 资本支出强度资本支出/营收 | 11.4% | — |
| 现金转化率经营现金流/净利润 | — | 12.53× |
| 过去12个月自由现金流最近4个季度 | $-137.8M | — |
8季度趋势，按日历期对齐
经营现金流BWINESS
| Q4 25 | $-29.4M | $1.1B | ||
| Q3 25 | $41.0M | $342.6M | ||
| Q2 25 | $-16.7M | $216.1M | ||
| Q1 25 | $-64.0M | $281.5M | ||
| Q4 24 | $51.5M | $1.1B | ||
| Q3 24 | $32.4M | $316.2M | ||
| Q2 24 | $18.3M | $218.9M | ||
| Q1 24 | $3.0M | $314.9M |
自由现金流BWINESS
| Q4 25 | $-68.9M | — | ||
| Q3 25 | $32.2M | — | ||
| Q2 25 | $-28.1M | — | ||
| Q1 25 | $-72.9M | — | ||
| Q4 24 | $10.4M | — | ||
| Q3 24 | $22.2M | — | ||
| Q2 24 | $7.8M | — | ||
| Q1 24 | $-5.1M | — |
自由现金流率BWINESS
| Q4 25 | -19.9% | — | ||
| Q3 25 | 8.8% | — | ||
| Q2 25 | -7.4% | — | ||
| Q1 25 | -17.6% | — | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 6.6% | — | ||
| Q2 24 | 2.3% | — | ||
| Q1 24 | -1.4% | — |
资本支出强度BWINESS
| Q4 25 | 11.4% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 12.4% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 2.1% | — |
现金转化率BWINESS
| Q4 25 | — | 12.53× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | -4.59× | 1.32× | ||
| Q4 24 | — | 3.54× | ||
| Q3 24 | — | 2.52× | ||
| Q2 24 | — | 2.21× | ||
| Q1 24 | 0.14× | 1.10× |
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
BWIN
| Insurance Advisory Solutions | $157.9M | 45% |
| Underwriting Capacity Technology Solutions | $129.5M | 37% |
| Consultingand Service Fee Revenue | $20.9M | 6% |
| Policy Feeand Installment Fee Revenue | $20.4M | 6% |
| Other | $7.3M | 2% |
| Earned Premium | $6.9M | 2% |
| Other Insurance Product Line | $4.4M | 1% |
ESS
暂无分部数据
