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世邦魏理仕（CBRE）与Piedmont Realty Trust, Inc.（PDM）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Piedmont Realty Trust, Inc.的80.2倍（$11.5B vs $142.9M）。世邦魏理仕净利率更高（3.6% vs -30.3%，领先33.9%）。世邦魏理仕同比增速更快（12.3% vs -0.3%）。过去两年世邦魏理仕的营收复合增速更高（21.1% vs -0.6%）
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。
Piedmont Realty Trust是一家公开上市的房地产投资信托（REIT），主要持有、运营和投资美国高增长大都会区的优质写字楼资产，服务科技、专业服务、医疗等多个行业的企业租户，通过战略资产管理和投资组合优化为利益相关方提供稳定长期回报。
CBRE vs PDM — 直观对比
营收规模更大
CBRE
是对方的80.2倍
$142.9M
营收增速更快
CBRE
高出12.6%
-0.3%
净利率更高
CBRE
高出33.9%
-30.3%
两年增速更快
CBRE
近两年复合增速
-0.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $11.5B | $142.9M |
| 净利润 | $416.0M | $-43.2M |
| 毛利率 | 17.3% | — |
| 营业利润率 | 5.4% | — |
| 净利率 | 3.6% | -30.3% |
| 营收同比 | 12.3% | -0.3% |
| 净利润同比 | -14.6% | -44.3% |
| 每股收益（稀释后） | $1.38 | $-0.34 |
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CBREPDM
| Q4 25 | $11.5B | $142.9M | ||
| Q3 25 | $10.1B | $139.2M | ||
| Q2 25 | $9.6B | $140.3M | ||
| Q1 25 | $8.8B | $142.7M | ||
| Q4 24 | $10.2B | $143.2M | ||
| Q3 24 | $8.8B | $139.3M | ||
| Q2 24 | $8.2B | $143.3M | ||
| Q1 24 | $7.8B | $144.5M |
净利润CBREPDM
| Q4 25 | $416.0M | $-43.2M | ||
| Q3 25 | $363.0M | $-13.5M | ||
| Q2 25 | $215.0M | $-16.8M | ||
| Q1 25 | $163.0M | $-10.1M | ||
| Q4 24 | $487.0M | $-30.0M | ||
| Q3 24 | $225.0M | $-11.5M | ||
| Q2 24 | $130.0M | $-9.8M | ||
| Q1 24 | $126.0M | $-27.8M |
毛利率CBREPDM
| 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CBREPDM
| 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CBREPDM
| Q4 25 | 3.6% | -30.3% | ||
| Q3 25 | 3.6% | -9.7% | ||
| Q2 25 | 2.2% | -12.0% | ||
| Q1 25 | 1.9% | -7.1% | ||
| Q4 24 | 4.8% | -20.9% | ||
| Q3 24 | 2.5% | -8.3% | ||
| Q2 24 | 1.6% | -6.8% | ||
| Q1 24 | 1.6% | -19.2% |
每股收益（稀释后）CBREPDM
| Q4 25 | $1.38 | $-0.34 | ||
| Q3 25 | $1.21 | $-0.11 | ||
| Q2 25 | $0.72 | $-0.14 | ||
| Q1 25 | $0.54 | $-0.08 | ||
| Q4 24 | $1.58 | $-0.25 | ||
| Q3 24 | $0.73 | $-0.09 | ||
| Q2 24 | $0.42 | $-0.08 | ||
| Q1 24 | $0.41 | $-0.22 |
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 | $731.0K |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $8.9B | $1.5B |
| 总资产 | $30.9B | $4.0B |
| 负债/权益比越低杠杆越低 | — | 1.49× |
8季度趋势，按日历期对齐
现金及短期投资CBREPDM
| Q4 25 | $1.9B | $731.0K | ||
| Q3 25 | $1.7B | $3.0M | ||
| Q2 25 | $1.4B | $3.3M | ||
| Q1 25 | $1.4B | $2.9M | ||
| Q4 24 | $1.1B | $109.6M | ||
| Q3 24 | $1.0B | $133.6M | ||
| Q2 24 | $928.0M | $138.5M | ||
| Q1 24 | $1.0B | $3.5M |
总债务CBREPDM
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.1B |
股东权益CBREPDM
| Q4 25 | $8.9B | $1.5B | ||
| Q3 25 | $8.5B | $1.5B | ||
| Q2 25 | $8.3B | $1.5B | ||
| Q1 25 | $8.3B | $1.6B | ||
| Q4 24 | $8.4B | $1.6B | ||
| Q3 24 | $8.7B | $1.6B | ||
| Q2 24 | $8.4B | $1.7B | ||
| Q1 24 | $8.3B | $1.7B |
总资产CBREPDM
| Q4 25 | $30.9B | $4.0B | ||
| Q3 25 | $28.6B | $4.0B | ||
| Q2 25 | $27.7B | $4.0B | ||
| Q1 25 | $26.4B | $4.0B | ||
| Q4 24 | $24.4B | $4.1B | ||
| Q3 24 | $24.8B | $4.1B | ||
| Q2 24 | $23.5B | $4.2B | ||
| Q1 24 | $23.0B | $4.0B |
负债/权益比CBREPDM
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.23× |
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 | $50.9M |
| 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× | — |
| 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CBREPDM
| Q4 25 | $1.2B | $50.9M | ||
| Q3 25 | $827.0M | $35.8M | ||
| Q2 25 | $57.0M | $50.1M | ||
| Q1 25 | $-546.0M | $3.7M | ||
| Q4 24 | $1.3B | $65.0M | ||
| Q3 24 | $573.0M | $42.9M | ||
| Q2 24 | $287.0M | $66.8M | ||
| Q1 24 | $-492.0M | $23.4M |
自由现金流CBREPDM
| 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CBREPDM
| 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CBREPDM
| 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CBREPDM
| Q4 25 | 2.94× | — | ||
| Q3 25 | 2.28× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | -3.35× | — | ||
| Q4 24 | 2.75× | — | ||
| Q3 24 | 2.55× | — | ||
| Q2 24 | 2.21× | — | ||
| Q1 24 | -3.90× | — |
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% |
PDM
| Atlanta GA | $45.7M | 32% |
| Dallas TX | $24.1M | 17% |
| Orlando FL | $19.3M | 13% |
| New York NY | $14.7M | 10% |
| Northern Virginia Washington D.C. | $12.9M | 9% |
| Minneapolis MN | $11.4M | 8% |
| Boston MA | $9.8M | 7% |
| Real Estate Other | $7.8M | 5% |
