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世邦魏理仕（CBRE）与STRATUS PROPERTIES INC（STRS）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STRATUS PROPERTIES INC的1380.9倍（$11.5B vs $8.3M）。STRATUS PROPERTIES INC净利率更高（203.2% vs 3.6%，领先199.6%）。世邦魏理仕同比增速更快（12.3% vs -19.4%）。世邦魏理仕自由现金流更多（$1.1B vs $-5.8M）。过去两年世邦魏理仕的营收复合增速更高（21.1% vs -44.1%）
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。
该企业是一家涵盖酒店、度假村、娱乐与传媒业务的综合性公司，名称源自其旗下资产——位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司发展可追溯至爱德华·盖洛德旗下俄克拉荷马出版公司的子公司时期，1983年收购WSM公司后奠定了现代企业的业务基础，借此获得了大奥普里等知名相关资产。
CBRE vs STRS — 直观对比
营收规模更大
CBRE
是对方的1380.9倍
$8.3M
营收增速更快
CBRE
高出31.7%
-19.4%
净利率更高
STRS
高出199.6%
3.6%
自由现金流更多
CBRE
多$1.1B
$-5.8M
两年增速更快
CBRE
近两年复合增速
-44.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $11.5B | $8.3M |
| 净利润 | $416.0M | $16.9M |
| 毛利率 | 17.3% | — |
| 营业利润率 | 5.4% | — |
| 净利率 | 3.6% | 203.2% |
| 营收同比 | 12.3% | -19.4% |
| 净利润同比 | -14.6% | 1293.4% |
| 每股收益（稀释后） | $1.38 | $2.42 |
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CBRESTRS
| Q4 25 | $11.5B | $8.3M | ||
| Q3 25 | $10.1B | $5.0M | ||
| Q2 25 | $9.6B | $11.6M | ||
| Q1 25 | $8.8B | $5.0M | ||
| Q4 24 | $10.2B | $10.3M | ||
| Q3 24 | $8.8B | $8.9M | ||
| Q2 24 | $8.2B | $8.5M | ||
| Q1 24 | $7.8B | $26.5M |
净利润CBRESTRS
| Q4 25 | $416.0M | $16.9M | ||
| Q3 25 | $363.0M | $-8.0M | ||
| Q2 25 | $215.0M | $-2.3M | ||
| Q1 25 | $163.0M | $-3.8M | ||
| Q4 24 | $487.0M | $-1.4M | ||
| Q3 24 | $225.0M | $-1.4M | ||
| Q2 24 | $130.0M | $-2.8M | ||
| Q1 24 | $126.0M | $3.7M |
毛利率CBRESTRS
| Q4 25 | 17.3% | — | ||
| Q3 25 | 17.7% | -85.1% | ||
| Q2 25 | 17.1% | -19.0% | ||
| Q1 25 | 17.1% | 5.1% | ||
| Q4 24 | 18.7% | 18.3% | ||
| Q3 24 | 18.1% | 2.5% | ||
| Q2 24 | 17.6% | 10.9% | ||
| Q1 24 | 17.1% | 30.7% |
营业利润率CBRESTRS
| Q4 25 | 5.4% | — | ||
| Q3 25 | 4.8% | -162.9% | ||
| Q2 25 | 3.9% | -6.5% | ||
| Q1 25 | 3.1% | -71.3% | ||
| Q4 24 | 5.8% | -13.6% | ||
| Q3 24 | 4.2% | -17.1% | ||
| Q2 24 | 3.0% | -34.4% | ||
| Q1 24 | 2.6% | 13.9% |
净利率CBRESTRS
| Q4 25 | 3.6% | 203.2% | ||
| Q3 25 | 3.6% | -161.1% | ||
| Q2 25 | 2.2% | -19.8% | ||
| Q1 25 | 1.9% | -74.5% | ||
| Q4 24 | 4.8% | -13.7% | ||
| Q3 24 | 2.5% | -15.9% | ||
| Q2 24 | 1.6% | -32.7% | ||
| Q1 24 | 1.6% | 13.9% |
每股收益（稀释后）CBRESTRS
| Q4 25 | $1.38 | $2.42 | ||
| Q3 25 | $1.21 | $-0.62 | ||
| Q2 25 | $0.72 | $0.03 | ||
| Q1 25 | $0.54 | $-0.36 | ||
| Q4 24 | $1.58 | $-0.06 | ||
| Q3 24 | $0.73 | $-0.05 | ||
| Q2 24 | $0.42 | $-0.21 | ||
| Q1 24 | $0.41 | $0.56 |
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 | $74.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.9B | $204.5M |
| 总资产 | $30.9B | $563.4M |
| 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CBRESTRS
| Q4 25 | $1.9B | $74.3M | ||
| Q3 25 | $1.7B | $55.0M | ||
| Q2 25 | $1.4B | $59.4M | ||
| Q1 25 | $1.4B | $12.0M | ||
| Q4 24 | $1.1B | $20.2M | ||
| Q3 24 | $1.0B | $19.6M | ||
| Q2 24 | $928.0M | $13.5M | ||
| Q1 24 | $1.0B | $20.7M |
股东权益CBRESTRS
| Q4 25 | $8.9B | $204.5M | ||
| Q3 25 | $8.5B | $185.8M | ||
| Q2 25 | $8.3B | $191.9M | ||
| Q1 25 | $8.3B | $191.5M | ||
| Q4 24 | $8.4B | $194.7M | ||
| Q3 24 | $8.7B | $196.4M | ||
| Q2 24 | $8.4B | $196.3M | ||
| Q1 24 | $8.3B | $197.6M |
总资产CBRESTRS
| Q4 25 | $30.9B | $563.4M | ||
| Q3 25 | $28.6B | $572.6M | ||
| Q2 25 | $27.7B | $574.8M | ||
| Q1 25 | $26.4B | $534.6M | ||
| Q4 24 | $24.4B | $532.6M | ||
| Q3 24 | $24.8B | $523.2M | ||
| Q2 24 | $23.5B | $514.0M | ||
| Q1 24 | $23.0B | $509.5M |
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 | $-5.8M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $-5.8M |
| 自由现金流率自由现金流/营收 | 9.4% | -70.2% |
| 资本支出强度资本支出/营收 | 1.3% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.94× | -0.34× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $-38.0M |
8季度趋势，按日历期对齐
经营现金流CBRESTRS
| Q4 25 | $1.2B | $-5.8M | ||
| Q3 25 | $827.0M | $-9.0M | ||
| Q2 25 | $57.0M | $-1.7M | ||
| Q1 25 | $-546.0M | $-13.5M | ||
| Q4 24 | $1.3B | $-3.4M | ||
| Q3 24 | $573.0M | $-686.0K | ||
| Q2 24 | $287.0M | $-8.3M | ||
| Q1 24 | $-492.0M | $6.5M |
自由现金流CBRESTRS
| Q4 25 | $1.1B | $-5.8M | ||
| Q3 25 | $743.0M | $-9.9M | ||
| Q2 25 | $-17.0M | $-4.3M | ||
| Q1 25 | $-610.0M | $-18.0M | ||
| Q4 24 | $1.2B | $-9.6M | ||
| Q3 24 | $494.0M | $-7.5M | ||
| Q2 24 | $220.0M | $-16.3M | ||
| Q1 24 | $-560.0M | $-1.6M |
自由现金流率CBRESTRS
| Q4 25 | 9.4% | -70.2% | ||
| Q3 25 | 7.4% | -198.7% | ||
| Q2 25 | -0.2% | -37.2% | ||
| Q1 25 | -7.0% | -357.4% | ||
| Q4 24 | 12.2% | -93.4% | ||
| Q3 24 | 5.6% | -84.4% | ||
| Q2 24 | 2.7% | -191.6% | ||
| Q1 24 | -7.2% | -6.0% |
资本支出强度CBRESTRS
| Q4 25 | 1.3% | 0.8% | ||
| Q3 25 | 0.8% | 18.4% | ||
| Q2 25 | 0.8% | 22.7% | ||
| Q1 25 | 0.7% | 89.8% | ||
| Q4 24 | 0.9% | 60.0% | ||
| Q3 24 | 0.9% | 76.7% | ||
| Q2 24 | 0.8% | 94.2% | ||
| Q1 24 | 0.9% | 30.7% |
现金转化率CBRESTRS
| Q4 25 | 2.94× | -0.34× | ||
| 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× | 1.77× |
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% |
STRS
暂无分部数据
