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世邦魏理仕（CBRE）与GLADSTONE COMMERCIAL CORP（GOOD）财务数据对比。点击上方公司名可切换其他公司
世邦魏理仕的季度营收约是GLADSTONE COMMERCIAL CORP的263.6倍（$11.5B vs $43.5M）。GLADSTONE COMMERCIAL CORP净利率更高（12.4% vs 3.6%，领先8.8%）。GLADSTONE COMMERCIAL CORP同比增速更快（16.3% vs 12.3%）。过去两年世邦魏理仕的营收复合增速更高（21.1% vs 10.3%）
世邦魏理仕（CBRE Group）是全球领先的跨国商业地产服务与投资企业，业务涵盖物业顾问、交易撮合、资产管理、项目开发咨询等范畴，为全球各类企业及机构客户提供全链条不动产相关解决方案，服务网络覆盖全球各大主要城市。
格拉德斯通商业公司是一家上市房地产投资信托，主要在美国境内收购、持有及运营多元化的工业与商业地产组合，面向制造、物流、医疗、专业服务等领域的租户提供长期净租赁服务，核心客群为中小规模企业。
CBRE vs GOOD — 直观对比
营收规模更大
CBRE
是对方的263.6倍
$43.5M
营收增速更快
GOOD
高出4.0%
12.3%
净利率更高
GOOD
高出8.8%
3.6%
两年增速更快
CBRE
近两年复合增速
10.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $11.5B | $43.5M |
| 净利润 | $416.0M | $5.4M |
| 毛利率 | 17.3% | — |
| 营业利润率 | 5.4% | — |
| 净利率 | 3.6% | 12.4% |
| 营收同比 | 12.3% | 16.3% |
| 净利润同比 | -14.6% | -25.1% |
| 每股收益（稀释后） | $1.38 | $0.05 |
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CBREGOOD
| Q4 25 | $11.5B | $43.5M | ||
| Q3 25 | $10.1B | $40.8M | ||
| Q2 25 | $9.6B | $39.5M | ||
| Q1 25 | $8.8B | $37.5M | ||
| Q4 24 | $10.2B | $37.4M | ||
| Q3 24 | $8.8B | $39.2M | ||
| Q2 24 | $8.2B | $37.1M | ||
| Q1 24 | $7.8B | $35.7M |
净利润CBREGOOD
| Q4 25 | $416.0M | $5.4M | ||
| Q3 25 | $363.0M | $4.1M | ||
| Q2 25 | $215.0M | $4.6M | ||
| Q1 25 | $163.0M | $5.1M | ||
| Q4 24 | $487.0M | $7.2M | ||
| Q3 24 | $225.0M | $11.7M | ||
| Q2 24 | $130.0M | $1.6M | ||
| Q1 24 | $126.0M | $3.5M |
毛利率CBREGOOD
| Q4 25 | 17.3% | — | ||
| Q3 25 | 17.7% | — | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 17.1% | — | ||
| Q4 24 | 18.7% | — | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 17.6% | — | ||
| Q1 24 | 17.1% | — |
营业利润率CBREGOOD
| Q4 25 | 5.4% | — | ||
| Q3 25 | 4.8% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 4.2% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 2.6% | — |
净利率CBREGOOD
| Q4 25 | 3.6% | 12.4% | ||
| Q3 25 | 3.6% | 10.1% | ||
| Q2 25 | 2.2% | 11.7% | ||
| Q1 25 | 1.9% | 13.7% | ||
| Q4 24 | 4.8% | 19.2% | ||
| Q3 24 | 2.5% | 29.8% | ||
| Q2 24 | 1.6% | 4.3% | ||
| Q1 24 | 1.6% | 9.9% |
每股收益（稀释后）CBREGOOD
| Q4 25 | $1.38 | $0.05 | ||
| Q3 25 | $1.21 | $0.02 | ||
| Q2 25 | $0.72 | $0.03 | ||
| Q1 25 | $0.54 | $0.04 | ||
| Q4 24 | $1.58 | $0.10 | ||
| Q3 24 | $0.73 | $0.20 | ||
| Q2 24 | $0.42 | $-0.04 | ||
| Q1 24 | $0.41 | $0.01 |
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 | $1.9B | $10.8M |
| 总债务越低越好 | — | $843.5M |
| 股东权益账面价值 | $8.9B | $171.8M |
| 总资产 | $30.9B | $1.2B |
| 负债/权益比越低杠杆越低 | — | 4.91× |
8季度趋势，按日历期对齐
现金及短期投资CBREGOOD
| Q4 25 | $1.9B | $10.8M | ||
| Q3 25 | $1.7B | $18.4M | ||
| Q2 25 | $1.4B | $11.7M | ||
| Q1 25 | $1.4B | $10.4M | ||
| Q4 24 | $1.1B | $11.0M | ||
| Q3 24 | $1.0B | $10.5M | ||
| Q2 24 | $928.0M | $10.4M | ||
| Q1 24 | $1.0B | $10.5M |
总债务CBREGOOD
| Q4 25 | — | $843.5M | ||
| Q3 25 | — | $843.3M | ||
| Q2 25 | — | $794.4M | ||
| Q1 25 | — | $740.7M | ||
| Q4 24 | — | $693.4M | ||
| Q3 24 | — | $692.6M | ||
| Q2 24 | — | $722.5M | ||
| Q1 24 | — | $719.4M |
股东权益CBREGOOD
| Q4 25 | $8.9B | $171.8M | ||
| Q3 25 | $8.5B | $184.8M | ||
| Q2 25 | $8.3B | $177.2M | ||
| Q1 25 | $8.3B | $183.2M | ||
| Q4 24 | $8.4B | $171.2M | ||
| Q3 24 | $8.7B | $168.9M | ||
| Q2 24 | $8.4B | $145.7M | ||
| Q1 24 | $8.3B | $147.3M |
总资产CBREGOOD
| Q4 25 | $30.9B | $1.2B | ||
| Q3 25 | $28.6B | $1.3B | ||
| Q2 25 | $27.7B | $1.2B | ||
| Q1 25 | $26.4B | $1.2B | ||
| Q4 24 | $24.4B | $1.1B | ||
| Q3 24 | $24.8B | $1.1B | ||
| Q2 24 | $23.5B | $1.1B | ||
| Q1 24 | $23.0B | $1.1B |
负债/权益比CBREGOOD
| Q4 25 | — | 4.91× | ||
| Q3 25 | — | 4.56× | ||
| Q2 25 | — | 4.48× | ||
| Q1 25 | — | 4.04× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | — | 4.10× | ||
| Q2 24 | — | 4.96× | ||
| Q1 24 | — | 4.88× |
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 | $1.2B | $15.7M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | — |
| 自由现金流率自由现金流/营收 | 9.4% | — |
| 资本支出强度资本支出/营收 | 1.3% | — |
| 现金转化率经营现金流/净利润 | 2.94× | 2.92× |
| 过去12个月自由现金流最近4个季度 | $1.2B | — |
8季度趋势，按日历期对齐
经营现金流CBREGOOD
| Q4 25 | $1.2B | $15.7M | ||
| Q3 25 | $827.0M | $18.9M | ||
| Q2 25 | $57.0M | $35.8M | ||
| Q1 25 | $-546.0M | $17.7M | ||
| Q4 24 | $1.3B | $22.8M | ||
| Q3 24 | $573.0M | $5.5M | ||
| Q2 24 | $287.0M | $13.6M | ||
| Q1 24 | $-492.0M | $15.0M |
自由现金流CBREGOOD
| Q4 25 | $1.1B | — | ||
| Q3 25 | $743.0M | — | ||
| Q2 25 | $-17.0M | — | ||
| Q1 25 | $-610.0M | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $494.0M | — | ||
| Q2 24 | $220.0M | — | ||
| Q1 24 | $-560.0M | — |
自由现金流率CBREGOOD
| Q4 25 | 9.4% | — | ||
| Q3 25 | 7.4% | — | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | -7.0% | — | ||
| Q4 24 | 12.2% | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | -7.2% | — |
资本支出强度CBREGOOD
| Q4 25 | 1.3% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 0.9% | — |
现金转化率CBREGOOD
| Q4 25 | 2.94× | 2.92× | ||
| Q3 25 | 2.28× | 4.57× | ||
| Q2 25 | 0.27× | 7.74× | ||
| Q1 25 | -3.35× | 3.44× | ||
| Q4 24 | 2.75× | 3.17× | ||
| Q3 24 | 2.55× | 0.47× | ||
| Q2 24 | 2.21× | 8.44× | ||
| Q1 24 | -3.90× | 4.26× |
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
CBRE
| Other | $5.8B | 51% |
| Project Management Segment | $2.2B | 19% |
| Advisory Leasing | $1.5B | 13% |
| Advisory Sales | $756.0M | 7% |
| Property Management | $695.0M | 6% |
| Investment Management Property Management Brokerage And Other Professional Services | $156.0M | 1% |
| Commercial Mortgage Origination | $95.0M | 1% |
| Other Portfolio Services | $87.0M | 1% |
| Loan Servicing | $73.0M | 1% |
| Real Estate Development Services | $60.0M | 1% |
GOOD
暂无分部数据
