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戴德梁行（CWK）与Hudson Pacific Properties, Inc.（HPP）财务数据对比。点击上方公司名可切换其他公司
戴德梁行的季度营收约是Hudson Pacific Properties, Inc.的11.4倍（$2.9B vs $256.0M）。戴德梁行净利率更高（-0.8% vs -109.4%，领先108.7%）。Hudson Pacific Properties, Inc.同比增速更快（22.1% vs 10.8%）。过去两年戴德梁行的营收复合增速更高（15.5% vs 9.4%）
戴德梁行是全球化的商业地产及物业管理服务提供商，总部位于美国伊利诺伊州芝加哥，由联合创始人J·克莱兹代尔·库什曼和伯纳德·韦克菲尔德共同创立，在全球商业地产服务领域拥有广泛的业务布局与专业服务能力，为各类客户提供定制化的地产相关解决方案。
哈德逊太平洋地产是一家房地产投资信托企业，持有1580万平方英尺办公楼、150万平方英尺摄影棚，同时拥有300万平方英尺商用物业的未开发权益，资产布局覆盖美国西海岸及温哥华，注册地位于马里兰州，总部设在洛杉矶，是洛杉矶当地规模最大的独立摄影棚运营商。
CWK vs HPP — 直观对比
营收规模更大
CWK
是对方的11.4倍
$256.0M
营收增速更快
HPP
高出11.3%
10.8%
净利率更高
CWK
高出108.7%
-109.4%
两年增速更快
CWK
近两年复合增速
9.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $256.0M |
| 净利润 | $-22.4M | $-280.2M |
| 毛利率 | — | 60.0% |
| 营业利润率 | 6.1% | -109.8% |
| 净利率 | -0.8% | -109.4% |
| 营收同比 | 10.8% | 22.1% |
| 净利润同比 | -119.8% | -61.5% |
| 每股收益（稀释后） | $-0.10 | $-11.57 |
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CWKHPP
| Q4 25 | $2.9B | $256.0M | ||
| Q3 25 | $2.6B | $186.6M | ||
| Q2 25 | $2.5B | $190.0M | ||
| Q1 25 | $2.3B | $198.5M | ||
| Q4 24 | $2.6B | $209.7M | ||
| Q3 24 | $2.3B | $200.4M | ||
| Q2 24 | $2.3B | $218.0M | ||
| Q1 24 | $2.2B | $214.0M |
净利润CWKHPP
| Q4 25 | $-22.4M | $-280.2M | ||
| Q3 25 | $51.4M | $-144.1M | ||
| Q2 25 | $57.3M | $-87.8M | ||
| Q1 25 | $1.9M | $-80.3M | ||
| Q4 24 | $112.9M | $-173.5M | ||
| Q3 24 | $33.7M | $-107.0M | ||
| Q2 24 | $13.5M | $-47.6M | ||
| Q1 24 | $-28.8M | $-53.4M |
毛利率CWKHPP
| Q4 25 | — | 60.0% | ||
| Q3 25 | — | 44.3% | ||
| Q2 25 | — | 43.1% | ||
| Q1 25 | — | 42.9% | ||
| Q4 24 | — | 44.7% | ||
| Q3 24 | — | 42.7% | ||
| Q2 24 | — | 48.0% | ||
| Q1 24 | — | 48.6% |
营业利润率CWKHPP
| Q4 25 | 6.1% | -109.8% | ||
| Q3 25 | 4.1% | -77.2% | ||
| Q2 25 | 4.9% | -46.0% | ||
| Q1 25 | 2.0% | -40.4% | ||
| Q4 24 | 6.6% | -83.2% | ||
| Q3 24 | 3.2% | -52.3% | ||
| Q2 24 | 3.1% | -21.6% | ||
| Q1 24 | 0.9% | -24.9% |
净利率CWKHPP
| Q4 25 | -0.8% | -109.4% | ||
| Q3 25 | 2.0% | -77.2% | ||
| Q2 25 | 2.3% | -46.2% | ||
| Q1 25 | 0.1% | -40.5% | ||
| Q4 24 | 4.3% | -82.7% | ||
| Q3 24 | 1.4% | -53.4% | ||
| Q2 24 | 0.6% | -21.8% | ||
| Q1 24 | -1.3% | -24.9% |
每股收益（稀释后）CWKHPP
| Q4 25 | $-0.10 | $-11.57 | ||
| Q3 25 | $0.22 | $-0.30 | ||
| Q2 25 | $0.25 | $-0.41 | ||
| Q1 25 | $0.01 | $-0.53 | ||
| Q4 24 | $0.49 | $-1.19 | ||
| Q3 24 | $0.14 | $-0.69 | ||
| Q2 24 | $0.06 | $-0.33 | ||
| Q1 24 | $-0.13 | $-0.37 |
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 | $784.2M | $138.4M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $2.0B | $3.0B |
| 总资产 | $7.7B | $7.3B |
| 负债/权益比越低杠杆越低 | 1.40× | — |
8季度趋势，按日历期对齐
现金及短期投资CWKHPP
| Q4 25 | $784.2M | $138.4M | ||
| Q3 25 | $634.4M | $190.4M | ||
| Q2 25 | $618.2M | $236.0M | ||
| Q1 25 | $623.2M | $86.5M | ||
| Q4 24 | $793.3M | $63.3M | ||
| Q3 24 | $775.4M | $90.7M | ||
| Q2 24 | $567.3M | $78.5M | ||
| Q1 24 | $553.5M | $114.3M |
总债务CWKHPP
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $3.2B | — |
股东权益CWKHPP
| Q4 25 | $2.0B | $3.0B | ||
| Q3 25 | $2.0B | $3.2B | ||
| Q2 25 | $1.9B | $3.4B | ||
| Q1 25 | $1.8B | $2.8B | ||
| Q4 24 | $1.8B | $2.9B | ||
| Q3 24 | $1.7B | $3.0B | ||
| Q2 24 | $1.6B | $3.1B | ||
| Q1 24 | $1.6B | $3.2B |
总资产CWKHPP
| Q4 25 | $7.7B | $7.3B | ||
| Q3 25 | $7.7B | $7.8B | ||
| Q2 25 | $7.6B | $8.1B | ||
| Q1 25 | $7.4B | $8.0B | ||
| Q4 24 | $7.5B | $8.1B | ||
| Q3 24 | $7.5B | $8.3B | ||
| Q2 24 | $7.3B | $8.4B | ||
| Q1 24 | $7.5B | $8.3B |
负债/权益比CWKHPP
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.73× | — | ||
| Q3 24 | 1.81× | — | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 1.96× | — |
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 | $257.3M | $59.3M |
| 自由现金流经营现金流 - 资本支出 | $234.3M | — |
| 自由现金流率自由现金流/营收 | 8.0% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $293.0M | — |
8季度趋势，按日历期对齐
经营现金流CWKHPP
| Q4 25 | $257.3M | $59.3M | ||
| Q3 25 | $235.5M | $33.2M | ||
| Q2 25 | $9.6M | $-2.0M | ||
| Q1 25 | $-162.0M | $30.5M | ||
| Q4 24 | $115.2M | $162.0K | ||
| Q3 24 | $196.1M | $63.7M | ||
| Q2 24 | $21.8M | $35.6M | ||
| Q1 24 | $-125.1M | $65.1M |
自由现金流CWKHPP
| Q4 25 | $234.3M | — | ||
| Q3 25 | $225.0M | — | ||
| Q2 25 | $300.0K | — | ||
| Q1 25 | $-166.6M | — | ||
| Q4 24 | $105.9M | — | ||
| Q3 24 | $186.7M | — | ||
| Q2 24 | $10.0M | — | ||
| Q1 24 | $-135.6M | — |
自由现金流率CWKHPP
| Q4 25 | 8.0% | — | ||
| Q3 25 | 8.6% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | -7.3% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 8.0% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | -6.2% | — |
资本支出强度CWKHPP
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 0.5% | — |
现金转化率CWKHPP
| Q4 25 | — | — | ||
| Q3 25 | 4.58× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | -85.26× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 5.82× | — | ||
| Q2 24 | 1.61× | — | ||
| Q1 24 | — | — |
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
CWK
暂无分部数据
HPP
| Core Office | $217.1M | 85% |
| Studio Segment | $21.8M | 9% |
| Ancillary Revenue | $20.2M | 8% |
| Chargebacks | $3.3M | 1% |
