vs
CMB.TECH NV（CMBT）与医疗房产信托（SVC）财务数据对比。点击上方公司名可切换其他公司
CMB.TECH NV的季度营收约是医疗房产信托的2.0倍（$592.8M vs $296.5M），CMB.TECH NV净利率更高（32.3% vs -0.3%，领先32.5%），医疗房产信托同比增速更快（-17.0% vs -34.6%）
CMB.TECH前身为Euronav，是全球知名的原油运输企业，运营超大型油轮（VLCC）、苏伊士型油轮及浮式储卸油装置（FSO），为全球能源产业链提供专业的海上原油运输及存储解决方案，业务布局覆盖主要国际油气运输航线。
医疗房产信托（MPT）是总部位于阿拉巴马州伯明翰的国际房地产投资信托（REIT），主要在美国和欧洲地区收购投资医疗设施与营利性医疗控股公司。该公司的房产收购多采用售后回租模式，原产权方出售房产给MPT后成为承租租户，其租户普遍签订长期三净租约。
CMBT vs SVC — 直观对比
营收规模更大
CMBT
是对方的2.0倍
$296.5M
营收增速更快
SVC
高出17.6%
-34.6%
净利率更高
CMBT
高出32.5%
-0.3%
损益表 — Q4 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $592.8M | $296.5M |
| 净利润 | $191.2M | $-782.0K |
| 毛利率 | — | — |
| 营业利润率 | 46.4% | -3.9% |
| 净利率 | 32.3% | -0.3% |
| 营收同比 | -34.6% | -17.0% |
| 净利润同比 | -63.3% | 99.0% |
| 每股收益（稀释后） | $1.01 | $-0.01 |
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CMBTSVC
| Q4 25 | — | $296.5M | ||
| Q3 25 | — | $377.6M | ||
| Q2 25 | — | $404.4M | ||
| Q1 25 | — | $335.0M | ||
| Q4 24 | $592.8M | $357.0M | ||
| Q3 24 | — | $390.9M | ||
| Q2 24 | — | $412.5M | ||
| Q1 24 | — | $336.2M |
净利润CMBTSVC
| Q4 25 | — | $-782.0K | ||
| Q3 25 | — | $-46.9M | ||
| Q2 25 | — | $-38.2M | ||
| Q1 25 | — | $-116.4M | ||
| Q4 24 | $191.2M | $-76.4M | ||
| Q3 24 | — | $-46.9M | ||
| Q2 24 | — | $-73.8M | ||
| Q1 24 | — | $-78.4M |
营业利润率CMBTSVC
| Q4 25 | — | -3.9% | ||
| Q3 25 | — | -12.8% | ||
| Q2 25 | — | -9.2% | ||
| Q1 25 | — | -33.3% | ||
| Q4 24 | 46.4% | -19.4% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | — | -17.1% | ||
| Q1 24 | — | -21.4% |
净利率CMBTSVC
| Q4 25 | — | -0.3% | ||
| Q3 25 | — | -12.4% | ||
| Q2 25 | — | -9.4% | ||
| Q1 25 | — | -34.8% | ||
| Q4 24 | 32.3% | -21.4% | ||
| Q3 24 | — | -12.0% | ||
| Q2 24 | — | -17.9% | ||
| Q1 24 | — | -23.3% |
每股收益（稀释后）CMBTSVC
| Q4 25 | — | $-0.01 | ||
| Q3 25 | — | $-0.28 | ||
| Q2 25 | — | $-0.23 | ||
| Q1 25 | — | $-0.70 | ||
| Q4 24 | $1.01 | $-0.46 | ||
| Q3 24 | — | $-0.28 | ||
| Q2 24 | — | $-0.45 | ||
| Q1 24 | — | $-0.48 |
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 | $38.9M | $346.8M |
| 总债务越低越好 | $2.6B | $5.5B |
| 股东权益账面价值 | $1.2B | $646.1M |
| 总资产 | $3.9B | $6.5B |
| 负债/权益比越低杠杆越低 | 2.20× | 8.52× |
8季度趋势，按日历期对齐
现金及短期投资CMBTSVC
| Q4 25 | — | $346.8M | ||
| Q3 25 | — | $417.4M | ||
| Q2 25 | — | $63.2M | ||
| Q1 25 | — | $80.1M | ||
| Q4 24 | $38.9M | $143.5M | ||
| Q3 24 | — | $48.6M | ||
| Q2 24 | — | $14.6M | ||
| Q1 24 | — | $71.3M |
总债务CMBTSVC
| Q4 25 | — | $5.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.6B | $5.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CMBTSVC
| Q4 25 | — | $646.1M | ||
| Q3 25 | — | $647.9M | ||
| Q2 25 | — | $695.9M | ||
| Q1 25 | — | $734.6M | ||
| Q4 24 | $1.2B | $851.9M | ||
| Q3 24 | — | $929.0M | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $1.1B |
总资产CMBTSVC
| Q4 25 | — | $6.5B | ||
| Q3 25 | — | $7.0B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $7.0B | ||
| Q4 24 | $3.9B | $7.1B | ||
| Q3 24 | — | $7.1B | ||
| Q2 24 | — | $7.1B | ||
| Q1 24 | — | $7.2B |
负债/权益比CMBTSVC
| Q4 25 | — | 8.52× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.20× | 6.85× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $204.4M | $-18.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-95.2M |
| 自由现金流率自由现金流/营收 | — | -32.1% |
| 资本支出强度资本支出/营收 | — | 25.9% |
| 现金转化率经营现金流/净利润 | 1.07× | — |
| 过去12个月自由现金流最近4个季度 | — | $-107.0M |
8季度趋势，按日历期对齐
经营现金流CMBTSVC
| Q4 25 | — | $-18.5M | ||
| Q3 25 | — | $98.1M | ||
| Q2 25 | — | $-7.0K | ||
| Q1 25 | — | $38.2M | ||
| Q4 24 | $204.4M | $-9.7M | ||
| Q3 24 | — | $106.2M | ||
| Q2 24 | — | $43.8M | ||
| Q1 24 | — | $-926.0K |
自由现金流CMBTSVC
| Q4 25 | — | $-95.2M | ||
| Q3 25 | — | $57.9M | ||
| Q2 25 | — | $-46.6M | ||
| Q1 25 | — | $-23.2M | ||
| Q4 24 | — | $-88.9M | ||
| Q3 24 | — | $24.1M | ||
| Q2 24 | — | $-22.3M | ||
| Q1 24 | — | $-77.2M |
自由现金流率CMBTSVC
| Q4 25 | — | -32.1% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | — | -11.5% | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | — | -24.9% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | -23.0% |
资本支出强度CMBTSVC
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 10.6% | ||
| Q2 25 | — | 11.5% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | — | 22.2% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | 16.0% | ||
| Q1 24 | — | 22.7% |
现金转化率CMBTSVC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
