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CubeSmart（CUBE）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
医疗房产信托的季度营收约是CubeSmart的1.0倍（$296.5M vs $282.7M），CubeSmart净利率更高（27.5% vs -0.3%，领先27.8%），CubeSmart同比增速更快（5.6% vs -17.0%），过去两年CubeSmart的营收复合增速更高（4.0% vs -6.1%）
CubeSmart是一家专注于投资自助仓储设施的美国房地产投资信托，为美国第三大自助仓储运营商。截至2024年12月31日，公司在全美25个州及哥伦比亚特区共持有631座自助仓储物业，可出租总面积达4580万平方英尺。
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。
CUBE vs SVC — 直观对比
营收规模更大
SVC
是对方的1.0倍
$282.7M
营收增速更快
CUBE
高出22.6%
-17.0%
净利率更高
CUBE
高出27.8%
-0.3%
两年增速更快
CUBE
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $282.7M | $296.5M |
| 净利润 | $77.7M | $-782.0K |
| 毛利率 | 68.7% | — |
| 营业利润率 | — | -3.9% |
| 净利率 | 27.5% | -0.3% |
| 营收同比 | 5.6% | -17.0% |
| 净利润同比 | -23.7% | 99.0% |
| 每股收益（稀释后） | $0.35 | $-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CUBESVC
| Q4 25 | $282.7M | $296.5M | ||
| Q3 25 | $285.1M | $377.6M | ||
| Q2 25 | $282.3M | $404.4M | ||
| Q1 25 | $273.0M | $335.0M | ||
| Q4 24 | $267.7M | $357.0M | ||
| Q3 24 | $270.9M | $390.9M | ||
| Q2 24 | $266.2M | $412.5M | ||
| Q1 24 | $261.4M | $336.2M |
净利润CUBESVC
| Q4 25 | $77.7M | $-782.0K | ||
| Q3 25 | $82.4M | $-46.9M | ||
| Q2 25 | $82.4M | $-38.2M | ||
| Q1 25 | $88.7M | $-116.4M | ||
| Q4 24 | $101.9M | $-76.4M | ||
| Q3 24 | $101.0M | $-46.9M | ||
| Q2 24 | $94.2M | $-73.8M | ||
| Q1 24 | $94.9M | $-78.4M |
毛利率CUBESVC
| Q4 25 | 68.7% | — | ||
| Q3 25 | 68.1% | — | ||
| Q2 25 | 68.5% | — | ||
| Q1 25 | 69.6% | — | ||
| Q4 24 | 71.7% | — | ||
| Q3 24 | 69.8% | — | ||
| Q2 24 | 68.8% | — | ||
| Q1 24 | 70.5% | — |
营业利润率CUBESVC
| Q4 25 | — | -3.9% | ||
| Q3 25 | — | -12.8% | ||
| Q2 25 | — | -9.2% | ||
| Q1 25 | — | -33.3% | ||
| Q4 24 | — | -19.4% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | — | -17.1% | ||
| Q1 24 | — | -21.4% |
净利率CUBESVC
| Q4 25 | 27.5% | -0.3% | ||
| Q3 25 | 28.9% | -12.4% | ||
| Q2 25 | 29.2% | -9.4% | ||
| Q1 25 | 32.5% | -34.8% | ||
| Q4 24 | 38.1% | -21.4% | ||
| Q3 24 | 37.3% | -12.0% | ||
| Q2 24 | 35.4% | -17.9% | ||
| Q1 24 | 36.3% | -23.3% |
每股收益（稀释后）CUBESVC
| Q4 25 | $0.35 | $-0.01 | ||
| Q3 25 | $0.36 | $-0.28 | ||
| Q2 25 | $0.36 | $-0.23 | ||
| Q1 25 | $0.39 | $-0.70 | ||
| Q4 24 | $0.45 | $-0.46 | ||
| Q3 24 | $0.44 | $-0.28 | ||
| Q2 24 | $0.41 | $-0.45 | ||
| Q1 24 | $0.42 | $-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 | $5.8M | $346.8M |
| 总债务越低越好 | — | $5.5B |
| 股东权益账面价值 | $2.7B | $646.1M |
| 总资产 | $6.6B | $6.5B |
| 负债/权益比越低杠杆越低 | — | 8.52× |
8季度趋势，按日历期对齐
现金及短期投资CUBESVC
| Q4 25 | $5.8M | $346.8M | ||
| Q3 25 | $108.4M | $417.4M | ||
| Q2 25 | $8.7M | $63.2M | ||
| Q1 25 | $10.8M | $80.1M | ||
| Q4 24 | $71.6M | $143.5M | ||
| Q3 24 | $43.5M | $48.6M | ||
| Q2 24 | $5.7M | $14.6M | ||
| Q1 24 | $5.6M | $71.3M |
总债务CUBESVC
| Q4 25 | — | $5.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CUBESVC
| Q4 25 | $2.7B | $646.1M | ||
| Q3 25 | $2.8B | $647.9M | ||
| Q2 25 | $2.8B | $695.9M | ||
| Q1 25 | $2.8B | $734.6M | ||
| Q4 24 | $2.9B | $851.9M | ||
| Q3 24 | $2.8B | $929.0M | ||
| Q2 24 | $2.8B | $1.0B | ||
| Q1 24 | $2.8B | $1.1B |
总资产CUBESVC
| Q4 25 | $6.6B | $6.5B | ||
| Q3 25 | $6.8B | $7.0B | ||
| Q2 25 | $6.7B | $6.9B | ||
| Q1 25 | $6.7B | $7.0B | ||
| Q4 24 | $6.4B | $7.1B | ||
| Q3 24 | $6.2B | $7.1B | ||
| Q2 24 | $6.2B | $7.1B | ||
| Q1 24 | $6.2B | $7.2B |
负债/权益比CUBESVC
| Q4 25 | — | 8.52× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 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 | $608.5M | $-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 | 7.83× | — |
| 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CUBESVC
| Q4 25 | $608.5M | $-18.5M | ||
| Q3 25 | $168.2M | $98.1M | ||
| Q2 25 | $157.5M | $-7.0K | ||
| Q1 25 | $146.3M | $38.2M | ||
| Q4 24 | $631.1M | $-9.7M | ||
| Q3 24 | $145.4M | $106.2M | ||
| Q2 24 | $170.9M | $43.8M | ||
| Q1 24 | $150.2M | $-926.0K |
自由现金流CUBESVC
| 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CUBESVC
| 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CUBESVC
| 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CUBESVC
| Q4 25 | 7.83× | — | ||
| Q3 25 | 2.04× | — | ||
| Q2 25 | 1.91× | — | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 6.19× | — | ||
| Q3 24 | 1.44× | — | ||
| Q2 24 | 1.81× | — | ||
| Q1 24 | 1.58× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
