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戴德梁行（CWK）与Iron Mountain（IRM）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Iron Mountain的1.6倍（$2.9B vs $1.8B），Iron Mountain净利率更高（5.1% vs -0.8%，领先5.8%），Iron Mountain同比增速更快（16.6% vs 10.8%），戴德梁行自由现金流更多（$234.3M vs $-16.2M），过去两年戴德梁行的营收复合增速更高（15.5% vs 11.7%）
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。
Iron Mountain是1951年成立的美国企业信息管理服务提供商，总部位于新罕布什尔州朴茨茅斯。核心业务涵盖档案管理、信息销毁、数据备份与恢复，服务覆盖全球六大洲58个国家，为超过22万客户提供专业解决方案。
CWK vs IRM — 直观对比
营收规模更大
CWK
是对方的1.6倍
$1.8B
营收增速更快
IRM
高出5.7%
10.8%
净利率更高
IRM
高出5.8%
-0.8%
自由现金流更多
CWK
多$250.5M
$-16.2M
两年增速更快
CWK
近两年复合增速
11.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $1.8B |
| 净利润 | $-22.4M | $93.1M |
| 毛利率 | — | — |
| 营业利润率 | 6.1% | 18.5% |
| 净利率 | -0.8% | 5.1% |
| 营收同比 | 10.8% | 16.6% |
| 净利润同比 | -119.8% | -11.9% |
| 每股收益（稀释后） | $-0.10 | $0.31 |
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CWKIRM
| Q4 25 | $2.9B | $1.8B | ||
| Q3 25 | $2.6B | $1.8B | ||
| Q2 25 | $2.5B | $1.7B | ||
| Q1 25 | $2.3B | $1.6B | ||
| Q4 24 | $2.6B | $1.6B | ||
| Q3 24 | $2.3B | $1.6B | ||
| Q2 24 | $2.3B | $1.5B | ||
| Q1 24 | $2.2B | $1.5B |
净利润CWKIRM
| Q4 25 | $-22.4M | $93.1M | ||
| Q3 25 | $51.4M | $86.2M | ||
| Q2 25 | $57.3M | $-43.3M | ||
| Q1 25 | $1.9M | $16.2M | ||
| Q4 24 | $112.9M | $105.7M | ||
| Q3 24 | $33.7M | $-33.7M | ||
| Q2 24 | $13.5M | $34.6M | ||
| Q1 24 | $-28.8M | $77.0M |
营业利润率CWKIRM
| Q4 25 | 6.1% | 18.5% | ||
| Q3 25 | 4.1% | 17.6% | ||
| Q2 25 | 4.9% | 15.2% | ||
| Q1 25 | 2.0% | 16.0% | ||
| Q4 24 | 6.6% | 17.9% | ||
| Q3 24 | 3.2% | 16.1% | ||
| Q2 24 | 3.1% | 15.0% | ||
| Q1 24 | 0.9% | 16.6% |
净利率CWKIRM
| Q4 25 | -0.8% | 5.1% | ||
| Q3 25 | 2.0% | 4.9% | ||
| Q2 25 | 2.3% | -2.5% | ||
| Q1 25 | 0.1% | 1.0% | ||
| Q4 24 | 4.3% | 6.7% | ||
| Q3 24 | 1.4% | -2.2% | ||
| Q2 24 | 0.6% | 2.3% | ||
| Q1 24 | -1.3% | 5.2% |
每股收益（稀释后）CWKIRM
| Q4 25 | $-0.10 | $0.31 | ||
| Q3 25 | $0.22 | $0.28 | ||
| Q2 25 | $0.25 | $-0.15 | ||
| Q1 25 | $0.01 | $0.05 | ||
| Q4 24 | $0.49 | $0.35 | ||
| Q3 24 | $0.14 | $-0.11 | ||
| Q2 24 | $0.06 | $0.12 | ||
| Q1 24 | $-0.13 | $0.25 |
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 | $158.5M |
| 总债务越低越好 | $2.7B | $16.2B |
| 股东权益账面价值 | $2.0B | $-981.0M |
| 总资产 | $7.7B | $21.1B |
| 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CWKIRM
| Q4 25 | $784.2M | $158.5M | ||
| Q3 25 | $634.4M | — | ||
| Q2 25 | $618.2M | — | ||
| Q1 25 | $623.2M | — | ||
| Q4 24 | $793.3M | $155.7M | ||
| Q3 24 | $775.4M | — | ||
| Q2 24 | $567.3M | — | ||
| Q1 24 | $553.5M | — |
总债务CWKIRM
| Q4 25 | $2.7B | $16.2B | ||
| Q3 25 | $2.8B | $15.5B | ||
| Q2 25 | $3.0B | $14.8B | ||
| Q1 25 | $3.0B | $14.2B | ||
| Q4 24 | $3.0B | $13.0B | ||
| Q3 24 | $3.1B | $13.2B | ||
| Q2 24 | $3.1B | $12.8B | ||
| Q1 24 | $3.2B | $12.6B |
股东权益CWKIRM
| Q4 25 | $2.0B | $-981.0M | ||
| Q3 25 | $2.0B | $-882.0M | ||
| Q2 25 | $1.9B | $-767.4M | ||
| Q1 25 | $1.8B | $-698.5M | ||
| Q4 24 | $1.8B | $-503.1M | ||
| Q3 24 | $1.7B | $-259.0M | ||
| Q2 24 | $1.6B | $-132.9M | ||
| Q1 24 | $1.6B | $18.5M |
总资产CWKIRM
| Q4 25 | $7.7B | $21.1B | ||
| Q3 25 | $7.7B | $20.6B | ||
| Q2 25 | $7.6B | $20.2B | ||
| Q1 25 | $7.4B | $19.4B | ||
| Q4 24 | $7.5B | $18.7B | ||
| Q3 24 | $7.5B | $18.5B | ||
| Q2 24 | $7.3B | $18.0B | ||
| Q1 24 | $7.5B | $17.8B |
负债/权益比CWKIRM
| 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× | 679.18× |
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 | $500.0M |
| 自由现金流经营现金流 - 资本支出 | $234.3M | $-16.2M |
| 自由现金流率自由现金流/营收 | 8.0% | -0.9% |
| 资本支出强度资本支出/营收 | 0.8% | 28.0% |
| 现金转化率经营现金流/净利润 | — | 5.37× |
| 过去12个月自由现金流最近4个季度 | $293.0M | $-931.6M |
8季度趋势，按日历期对齐
经营现金流CWKIRM
| Q4 25 | $257.3M | $500.0M | ||
| Q3 25 | $235.5M | $267.6M | ||
| Q2 25 | $9.6M | $375.1M | ||
| Q1 25 | $-162.0M | $197.3M | ||
| Q4 24 | $115.2M | $431.6M | ||
| Q3 24 | $196.1M | $252.9M | ||
| Q2 24 | $21.8M | $382.2M | ||
| Q1 24 | $-125.1M | $130.0M |
自由现金流CWKIRM
| Q4 25 | $234.3M | $-16.2M | ||
| Q3 25 | $225.0M | $-256.3M | ||
| Q2 25 | $300.0K | $-181.6M | ||
| Q1 25 | $-166.6M | $-477.5M | ||
| Q4 24 | $105.9M | $-186.0M | ||
| Q3 24 | $186.7M | $-143.2M | ||
| Q2 24 | $10.0M | $-14.6M | ||
| Q1 24 | $-135.6M | $-251.1M |
自由现金流率CWKIRM
| Q4 25 | 8.0% | -0.9% | ||
| Q3 25 | 8.6% | -14.6% | ||
| Q2 25 | 0.0% | -10.6% | ||
| Q1 25 | -7.3% | -30.0% | ||
| Q4 24 | 4.0% | -11.8% | ||
| Q3 24 | 8.0% | -9.2% | ||
| Q2 24 | 0.4% | -1.0% | ||
| Q1 24 | -6.2% | -17.0% |
资本支出强度CWKIRM
| Q4 25 | 0.8% | 28.0% | ||
| Q3 25 | 0.4% | 29.9% | ||
| Q2 25 | 0.4% | 32.5% | ||
| Q1 25 | 0.2% | 42.4% | ||
| Q4 24 | 0.4% | 39.1% | ||
| Q3 24 | 0.4% | 25.4% | ||
| Q2 24 | 0.5% | 25.9% | ||
| Q1 24 | 0.5% | 25.8% |
现金转化率CWKIRM
| Q4 25 | — | 5.37× | ||
| Q3 25 | 4.58× | 3.10× | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | -85.26× | 12.15× | ||
| Q4 24 | 1.02× | 4.08× | ||
| Q3 24 | 5.82× | — | ||
| Q2 24 | 1.61× | 11.04× | ||
| Q1 24 | — | 1.69× |
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
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.8B | 61% |
| Other | $1.1B | 39% |
IRM
| Storage Rental | $1.1B | 58% |
| Services | $781.9M | 42% |
