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CBL & ASSOCIATES PROPERTIES INC（CBL）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
CBL & ASSOCIATES PROPERTIES INC的季度营收约是null的1.6倍（$156.4M vs $100.0M），CBL & ASSOCIATES PROPERTIES INC净利率更高（31.3% vs -7.0%，领先38.3%），CBL & ASSOCIATES PROPERTIES INC同比增速更快（18.8% vs 14.5%），过去两年CBL & ASSOCIATES PROPERTIES INC的营收复合增速更高（10.1% vs -4.9%）
CBL联合地产是一家美国房地产投资信托企业，核心投资布局为购物中心与商业摩尔，业务主要集中在美国东南部与中西部地区。公司在特拉华州注册，总部设于田纳西州查塔努加，该城市也是其最大的布局市场，公司名称取自创始人查尔斯·B·勒博维茨的姓名首字母。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
CBL vs SWIM — 直观对比
营收规模更大
CBL
是对方的1.6倍
$100.0M
营收增速更快
CBL
高出4.3%
14.5%
净利率更高
CBL
高出38.3%
-7.0%
两年增速更快
CBL
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $156.4M | $100.0M |
| 净利润 | $49.0M | $-7.0M |
| 毛利率 | — | 28.0% |
| 营业利润率 | — | -10.7% |
| 净利率 | 31.3% | -7.0% |
| 营收同比 | 18.8% | 14.5% |
| 净利润同比 | 29.0% | 76.0% |
| 每股收益（稀释后） | $1.61 | $-0.06 |
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CBLSWIM
| Q4 25 | $156.4M | $100.0M | ||
| Q3 25 | $139.3M | $161.9M | ||
| Q2 25 | $140.9M | $172.6M | ||
| Q1 25 | $141.8M | $111.4M | ||
| Q4 24 | $131.7M | $87.3M | ||
| Q3 24 | $125.1M | $150.5M | ||
| Q2 24 | $129.7M | $160.1M | ||
| Q1 24 | $129.1M | $110.6M |
净利润CBLSWIM
| Q4 25 | $49.0M | $-7.0M | ||
| Q3 25 | $75.4M | $8.1M | ||
| Q2 25 | $2.8M | $16.0M | ||
| Q1 25 | $8.8M | $-6.0M | ||
| Q4 24 | $38.0M | $-29.2M | ||
| Q3 24 | $16.2M | $5.9M | ||
| Q2 24 | $4.7M | $13.3M | ||
| Q1 24 | $50.0K | $-7.9M |
毛利率CBLSWIM
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 27.7% |
营业利润率CBLSWIM
| Q4 25 | — | -10.7% | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | -4.4% | ||
| Q4 24 | — | -14.9% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | -1.9% |
净利率CBLSWIM
| Q4 25 | 31.3% | -7.0% | ||
| Q3 25 | 54.2% | 5.0% | ||
| Q2 25 | 2.0% | 9.3% | ||
| Q1 25 | 6.2% | -5.4% | ||
| Q4 24 | 28.8% | -33.4% | ||
| Q3 24 | 12.9% | 3.9% | ||
| Q2 24 | 3.7% | 8.3% | ||
| Q1 24 | 0.0% | -7.1% |
每股收益（稀释后）CBLSWIM
| Q4 25 | $1.61 | $-0.06 | ||
| Q3 25 | $2.38 | $0.07 | ||
| Q2 25 | $0.08 | $0.13 | ||
| Q1 25 | $0.27 | $-0.05 | ||
| Q4 24 | $1.22 | $-0.24 | ||
| Q3 24 | $0.52 | $0.05 | ||
| Q2 24 | $0.14 | $0.11 | ||
| Q1 24 | $-0.01 | $-0.07 |
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 | $42.3M | — |
| 总债务越低越好 | $2.2B | $279.8M |
| 股东权益账面价值 | $374.9M | $405.9M |
| 总资产 | $2.7B | $823.2M |
| 负债/权益比越低杠杆越低 | 5.79× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资CBLSWIM
| Q4 25 | $42.3M | — | ||
| Q3 25 | $52.6M | — | ||
| Q2 25 | $100.3M | — | ||
| Q1 25 | $100.3M | — | ||
| Q4 24 | $40.8M | — | ||
| Q3 24 | $65.1M | — | ||
| Q2 24 | $57.7M | — | ||
| Q1 24 | $57.7M | — |
总债务CBLSWIM
| Q4 25 | $2.2B | $279.8M | ||
| Q3 25 | $2.2B | $281.1M | ||
| Q2 25 | $2.1B | $281.5M | ||
| Q1 25 | $2.2B | $306.9M | ||
| Q4 24 | $2.2B | $281.5M | ||
| Q3 24 | $1.8B | $282.8M | ||
| Q2 24 | $1.9B | $282.4M | ||
| Q1 24 | $1.9B | $282.8M |
股东权益CBLSWIM
| Q4 25 | $374.9M | $405.9M | ||
| Q3 25 | $351.4M | $408.4M | ||
| Q2 25 | $289.4M | $398.4M | ||
| Q1 25 | $295.0M | $381.1M | ||
| Q4 24 | $323.5M | $387.2M | ||
| Q3 24 | $308.3M | $416.6M | ||
| Q2 24 | $308.8M | $408.1M | ||
| Q1 24 | $324.2M | $391.8M |
总资产CBLSWIM
| Q4 25 | $2.7B | $823.2M | ||
| Q3 25 | $2.7B | $844.4M | ||
| Q2 25 | $2.6B | $822.1M | ||
| Q1 25 | $2.6B | $824.6M | ||
| Q4 24 | $2.7B | $794.2M | ||
| Q3 24 | $2.2B | $853.4M | ||
| Q2 24 | $2.3B | $830.0M | ||
| Q1 24 | $2.3B | $808.6M |
负债/权益比CBLSWIM
| Q4 25 | 5.79× | 0.69× | ||
| Q3 25 | 6.21× | 0.69× | ||
| Q2 25 | 7.39× | 0.71× | ||
| Q1 25 | 7.29× | 0.81× | ||
| Q4 24 | 6.84× | 0.73× | ||
| Q3 24 | 5.76× | 0.68× | ||
| Q2 24 | 6.00× | 0.69× | ||
| Q1 24 | 5.74× | 0.72× |
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 | $249.7M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | — | $14.1M |
| 自由现金流率自由现金流/营收 | — | 14.1% |
| 资本支出强度资本支出/营收 | — | 9.2% |
| 现金转化率经营现金流/净利润 | 5.10× | — |
| 过去12个月自由现金流最近4个季度 | — | $38.0M |
8季度趋势，按日历期对齐
经营现金流CBLSWIM
| Q4 25 | $249.7M | $23.3M | ||
| Q3 25 | $69.6M | $51.0M | ||
| Q2 25 | $68.3M | $36.0M | ||
| Q1 25 | $31.7M | $-46.9M | ||
| Q4 24 | $202.2M | $6.2M | ||
| Q3 24 | $61.1M | $37.2M | ||
| Q2 24 | $64.2M | $52.4M | ||
| Q1 24 | $30.7M | $-34.5M |
自由现金流CBLSWIM
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | $46.0M | $33.2M | ||
| Q2 24 | $54.8M | $47.9M | ||
| Q1 24 | $24.7M | $-39.9M |
自由现金流率CBLSWIM
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | 36.8% | 22.1% | ||
| Q2 24 | 42.2% | 29.9% | ||
| Q1 24 | 19.1% | -36.0% |
资本支出强度CBLSWIM
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | 12.1% | 2.7% | ||
| Q2 24 | 7.3% | 2.8% | ||
| Q1 24 | 4.7% | 4.8% |
现金转化率CBLSWIM
| Q4 25 | 5.10× | — | ||
| Q3 25 | 0.92× | 6.29× | ||
| Q2 25 | 24.74× | 2.25× | ||
| Q1 25 | 3.60× | — | ||
| Q4 24 | 5.32× | — | ||
| Q3 24 | 3.77× | 6.32× | ||
| Q2 24 | 13.54× | 3.95× | ||
| Q1 24 | 614.76× | — |
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
CBL
暂无分部数据
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
