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CLEAN HARBORS INC（CLH）与Vici Properties（VICI）财务数据对比。点击上方公司名可切换其他公司
CLEAN HARBORS INC的季度营收约是Vici Properties的1.5倍（$1.5B vs $1.0B），Vici Properties净利率更高（59.7% vs 5.8%，领先53.9%），CLEAN HARBORS INC同比增速更快（4.8% vs 3.8%），过去两年CLEAN HARBORS INC的营收复合增速更高（4.4% vs 3.2%）
总部位于美国马萨诸塞州诺韦尔的Clean Harbors是专业的商业客户废弃物管理与工业服务提供商，主营危险废弃物的收集、运输、处理及处置业务，同时提供非危险废弃物相关服务，目前在美加两国拥有870个运营网点，及包含焚烧厂、填埋场在内的100余座废弃物处置设施。
Vici Properties是总部位于美国纽约的房地产投资信托（REIT），专注于博彩及娱乐类物业。公司成立于2017年，由凯撒娱乐集团破产重组时分拆而来，目前在美加两国持有54家赌场、酒店、赛马场，4座高尔夫球场及38个保龄球馆。
CLH vs VICI — 直观对比
营收规模更大
CLH
是对方的1.5倍
$1.0B
营收增速更快
CLH
高出1.0%
3.8%
净利率更高
VICI
高出53.9%
5.8%
两年增速更快
CLH
近两年复合增速
3.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.0B |
| 净利润 | $86.6M | $604.8M |
| 毛利率 | 30.6% | 99.3% |
| 营业利润率 | 10.6% | 60.2% |
| 净利率 | 5.8% | 59.7% |
| 营收同比 | 4.8% | 3.8% |
| 净利润同比 | 3.1% | -1.6% |
| 每股收益（稀释后） | $1.62 | $0.57 |
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CLHVICI
| Q4 25 | $1.5B | $1.0B | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $1.4B | $984.2M | ||
| Q4 24 | $1.4B | $976.1M | ||
| Q3 24 | $1.5B | $964.7M | ||
| Q2 24 | $1.6B | $957.0M | ||
| Q1 24 | $1.4B | $951.5M |
净利润CLHVICI
| Q4 25 | $86.6M | $604.8M | ||
| Q3 25 | $118.8M | $762.0M | ||
| Q2 25 | $126.9M | $865.1M | ||
| Q1 25 | $58.7M | $543.6M | ||
| Q4 24 | $84.0M | $614.6M | ||
| Q3 24 | $115.2M | $732.9M | ||
| Q2 24 | $133.3M | $741.3M | ||
| Q1 24 | $69.8M | $590.0M |
毛利率CLHVICI
| Q4 25 | 30.6% | 99.3% | ||
| Q3 25 | 32.3% | 99.3% | ||
| Q2 25 | 33.3% | 99.3% | ||
| Q1 25 | 28.6% | 99.4% | ||
| Q4 24 | 29.9% | 99.3% | ||
| Q3 24 | 31.0% | 99.3% | ||
| Q2 24 | 33.3% | 99.3% | ||
| Q1 24 | 29.5% | 99.3% |
营业利润率CLHVICI
| Q4 25 | 10.6% | 60.2% | ||
| Q3 25 | 12.5% | 77.2% | ||
| Q2 25 | 13.6% | 88.3% | ||
| Q1 25 | 7.8% | 55.9% | ||
| Q4 24 | 9.6% | 64.2% | ||
| Q3 24 | 12.6% | 77.4% | ||
| Q2 24 | 13.9% | 79.0% | ||
| Q1 24 | 9.1% | 63.2% |
净利率CLHVICI
| Q4 25 | 5.8% | 59.7% | ||
| Q3 25 | 7.7% | 75.6% | ||
| Q2 25 | 8.2% | 86.4% | ||
| Q1 25 | 4.1% | 55.2% | ||
| Q4 24 | 5.9% | 63.0% | ||
| Q3 24 | 7.5% | 76.0% | ||
| Q2 24 | 8.6% | 77.5% | ||
| Q1 24 | 5.1% | 62.0% |
每股收益（稀释后）CLHVICI
| Q4 25 | $1.62 | $0.57 | ||
| Q3 25 | $2.21 | $0.71 | ||
| Q2 25 | $2.36 | $0.82 | ||
| Q1 25 | $1.09 | $0.51 | ||
| Q4 24 | $1.55 | $0.58 | ||
| Q3 24 | $2.12 | $0.70 | ||
| Q2 24 | $2.46 | $0.71 | ||
| Q1 24 | $1.29 | $0.57 |
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 | $127.4M | $608.0M |
| 总债务越低越好 | — | $16.8B |
| 股东权益账面价值 | $2.7B | $27.8B |
| 总资产 | $7.6B | $46.7B |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资CLHVICI
| Q4 25 | $127.4M | $608.0M | ||
| Q3 25 | $91.2M | $507.5M | ||
| Q2 25 | $98.9M | $233.0M | ||
| Q1 25 | $105.9M | $334.3M | ||
| Q4 24 | $102.6M | $524.6M | ||
| Q3 24 | $82.4M | $355.7M | ||
| Q2 24 | $91.3M | $347.2M | ||
| Q1 24 | $104.8M | $514.9M |
总债务CLHVICI
| Q4 25 | — | $16.8B | ||
| Q3 25 | — | $16.8B | ||
| Q2 25 | — | $16.9B | ||
| Q1 25 | — | $16.8B | ||
| Q4 24 | — | $16.7B | ||
| Q3 24 | — | $16.7B | ||
| Q2 24 | — | $16.7B | ||
| Q1 24 | — | $16.7B |
股东权益CLHVICI
| Q4 25 | $2.7B | $27.8B | ||
| Q3 25 | $2.8B | $27.7B | ||
| Q2 25 | $2.7B | $27.0B | ||
| Q1 25 | $2.6B | $26.6B | ||
| Q4 24 | $2.6B | $26.5B | ||
| Q3 24 | $2.5B | $26.1B | ||
| Q2 24 | $2.4B | $25.7B | ||
| Q1 24 | $2.3B | $25.4B |
总资产CLHVICI
| Q4 25 | $7.6B | $46.7B | ||
| Q3 25 | $7.5B | $46.5B | ||
| Q2 25 | $7.4B | $46.1B | ||
| Q1 25 | $7.2B | $45.5B | ||
| Q4 24 | $7.4B | $45.4B | ||
| Q3 24 | $7.3B | $44.9B | ||
| Q2 24 | $7.1B | $44.5B | ||
| Q1 24 | $6.9B | $44.2B |
负债/权益比CLHVICI
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 0.66× |
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 | $355.1M | $691.9M |
| 自由现金流经营现金流 - 资本支出 | $233.3M | — |
| 自由现金流率自由现金流/营收 | 15.6% | — |
| 资本支出强度资本支出/营收 | 8.1% | — |
| 现金转化率经营现金流/净利润 | 4.10× | 1.14× |
| 过去12个月自由现金流最近4个季度 | $441.8M | — |
8季度趋势，按日历期对齐
经营现金流CLHVICI
| Q4 25 | $355.1M | $691.9M | ||
| Q3 25 | $302.0M | $586.3M | ||
| Q2 25 | $208.0M | $639.9M | ||
| Q1 25 | $1.6M | $591.9M | ||
| Q4 24 | $303.9M | $644.1M | ||
| Q3 24 | $239.2M | $579.1M | ||
| Q2 24 | $216.0M | $614.6M | ||
| Q1 24 | $18.5M | $543.7M |
自由现金流CLHVICI
| Q4 25 | $233.3M | — | ||
| Q3 25 | $207.5M | — | ||
| Q2 25 | $118.0M | — | ||
| Q1 25 | $-117.1M | — | ||
| Q4 24 | $241.5M | — | ||
| Q3 24 | $142.4M | — | ||
| Q2 24 | $80.9M | — | ||
| Q1 24 | $-119.4M | — |
自由现金流率CLHVICI
| Q4 25 | 15.6% | — | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | 7.6% | — | ||
| Q1 25 | -8.2% | — | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 9.3% | — | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | -8.7% | — |
资本支出强度CLHVICI
| Q4 25 | 8.1% | — | ||
| Q3 25 | 6.1% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 8.3% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 6.3% | — | ||
| Q2 24 | 8.7% | — | ||
| Q1 24 | 10.0% | — |
现金转化率CLHVICI
| Q4 25 | 4.10× | 1.14× | ||
| Q3 25 | 2.54× | 0.77× | ||
| Q2 25 | 1.64× | 0.74× | ||
| Q1 25 | 0.03× | 1.09× | ||
| Q4 24 | 3.62× | 1.05× | ||
| Q3 24 | 2.08× | 0.79× | ||
| Q2 24 | 1.62× | 0.83× | ||
| Q1 24 | 0.27× | 0.92× |
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
CLH
| Technical Services | $479.3M | 32% |
| Safetly Kleen Environmental Services | $252.9M | 17% |
| Fieldand Emergency Response | $246.6M | 16% |
| Products | $205.3M | 14% |
| Safety Kleen Sustainability Solutions Segment | $188.4M | 13% |
| Safety Kleen Oil | $132.6M | 9% |
VICI
| Fixed Rent | $504.3M | 50% |
| Other | $478.4M | 47% |
| Contingent Rent | $30.4M | 3% |
