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戴德梁行（CWK）与Terreno Realty Corp（TRNO）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Terreno Realty Corp的21.2倍（$2.9B vs $137.5M）。Terreno Realty Corp净利率更高（115.1% vs -0.8%，领先115.9%）。Terreno Realty Corp同比增速更快（32.6% vs 10.8%）。过去两年Terreno Realty Corp的营收复合增速更高（27.2% vs 15.5%）
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。
Terreno Realty Corp是一家上市房地产投资信托公司，专注于持有、运营及收购优质工业地产资产，旗下资产组合主要包括位于美国高需求沿海都会区的配送仓库与物流设施，服务电商、最后一公里配送、零售供应链等领域的租户。
CWK vs TRNO — 直观对比
营收规模更大
CWK
是对方的21.2倍
$137.5M
营收增速更快
TRNO
高出21.8%
10.8%
净利率更高
TRNO
高出115.9%
-0.8%
两年增速更快
TRNO
近两年复合增速
15.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $137.5M |
| 净利润 | $-22.4M | $158.2M |
| 毛利率 | — | — |
| 营业利润率 | 6.1% | — |
| 净利率 | -0.8% | 115.1% |
| 营收同比 | 10.8% | 32.6% |
| 净利润同比 | -119.8% | 107.9% |
| 每股收益（稀释后） | $-0.10 | $1.54 |
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CWKTRNO
| Q4 25 | $2.9B | $137.5M | ||
| Q3 25 | $2.6B | $116.2M | ||
| Q2 25 | $2.5B | $112.2M | ||
| Q1 25 | $2.3B | $110.4M | ||
| Q4 24 | $2.6B | $103.7M | ||
| Q3 24 | $2.3B | $99.6M | ||
| Q2 24 | $2.3B | $94.2M | ||
| Q1 24 | $2.2B | $85.0M |
净利润CWKTRNO
| Q4 25 | $-22.4M | $158.2M | ||
| Q3 25 | $51.4M | $103.4M | ||
| Q2 25 | $57.3M | $93.3M | ||
| Q1 25 | $1.9M | $48.1M | ||
| Q4 24 | $112.9M | $76.1M | ||
| Q3 24 | $33.7M | $36.6M | ||
| Q2 24 | $13.5M | $35.7M | ||
| Q1 24 | $-28.8M | $36.1M |
营业利润率CWKTRNO
| Q4 25 | 6.1% | — | ||
| Q3 25 | 4.1% | — | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 0.9% | — |
净利率CWKTRNO
| Q4 25 | -0.8% | 115.1% | ||
| Q3 25 | 2.0% | 88.9% | ||
| Q2 25 | 2.3% | 83.1% | ||
| Q1 25 | 0.1% | 43.6% | ||
| Q4 24 | 4.3% | 73.4% | ||
| Q3 24 | 1.4% | 36.8% | ||
| Q2 24 | 0.6% | 37.9% | ||
| Q1 24 | -1.3% | 42.4% |
每股收益（稀释后）CWKTRNO
| Q4 25 | $-0.10 | $1.54 | ||
| Q3 25 | $0.22 | $1.00 | ||
| Q2 25 | $0.25 | $0.90 | ||
| Q1 25 | $0.01 | $0.47 | ||
| Q4 24 | $0.49 | $0.78 | ||
| Q3 24 | $0.14 | $0.37 | ||
| Q2 24 | $0.06 | $0.37 | ||
| Q1 24 | $-0.13 | $0.40 |
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 | $25.0M |
| 总债务越低越好 | $2.7B | $943.3M |
| 股东权益账面价值 | $2.0B | $4.1B |
| 总资产 | $7.7B | $5.4B |
| 负债/权益比越低杠杆越低 | 1.40× | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资CWKTRNO
| Q4 25 | $784.2M | $25.0M | ||
| Q3 25 | $634.4M | $26.2M | ||
| Q2 25 | $618.2M | $128.4M | ||
| Q1 25 | $623.2M | $156.5M | ||
| Q4 24 | $793.3M | $18.1M | ||
| Q3 24 | $775.4M | $243.7M | ||
| Q2 24 | $567.3M | $182.0M | ||
| Q1 24 | $553.5M | $649.6M |
总债务CWKTRNO
| Q4 25 | $2.7B | $943.3M | ||
| Q3 25 | $2.8B | $1.0B | ||
| Q2 25 | $3.0B | $742.4M | ||
| Q1 25 | $3.0B | $741.9M | ||
| Q4 24 | $3.0B | $823.4M | ||
| Q3 24 | $3.1B | $672.2M | ||
| Q2 24 | $3.1B | $772.0M | ||
| Q1 24 | $3.2B | $771.8M |
股东权益CWKTRNO
| Q4 25 | $2.0B | $4.1B | ||
| Q3 25 | $2.0B | $4.0B | ||
| Q2 25 | $1.9B | $3.9B | ||
| Q1 25 | $1.8B | $3.9B | ||
| Q4 24 | $1.8B | $3.7B | ||
| Q3 24 | $1.7B | $3.6B | ||
| Q2 24 | $1.6B | $3.4B | ||
| Q1 24 | $1.6B | $3.4B |
总资产CWKTRNO
| Q4 25 | $7.7B | $5.4B | ||
| Q3 25 | $7.7B | $5.3B | ||
| Q2 25 | $7.6B | $5.0B | ||
| Q1 25 | $7.4B | $4.9B | ||
| Q4 24 | $7.5B | $4.8B | ||
| Q3 24 | $7.5B | $4.6B | ||
| Q2 24 | $7.3B | $4.5B | ||
| Q1 24 | $7.5B | $4.4B |
负债/权益比CWKTRNO
| Q4 25 | 1.40× | 0.23× | ||
| Q3 25 | 1.45× | 0.26× | ||
| Q2 25 | 1.57× | 0.19× | ||
| Q1 25 | 1.70× | 0.19× | ||
| Q4 24 | 1.73× | 0.22× | ||
| Q3 24 | 1.81× | 0.19× | ||
| Q2 24 | 1.91× | 0.22× | ||
| Q1 24 | 1.96× | 0.22× |
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 | $70.3M |
| 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 | — | 0.44× |
| 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CWKTRNO
| Q4 25 | $257.3M | $70.3M | ||
| Q3 25 | $235.5M | $79.5M | ||
| Q2 25 | $9.6M | $60.6M | ||
| Q1 25 | $-162.0M | $61.4M | ||
| Q4 24 | $115.2M | $51.3M | ||
| Q3 24 | $196.1M | $70.0M | ||
| Q2 24 | $21.8M | $64.3M | ||
| Q1 24 | $-125.1M | $47.0M |
自由现金流CWKTRNO
| 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CWKTRNO
| 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CWKTRNO
| 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CWKTRNO
| Q4 25 | — | 0.44× | ||
| Q3 25 | 4.58× | 0.77× | ||
| Q2 25 | 0.17× | 0.65× | ||
| Q1 25 | -85.26× | 1.28× | ||
| Q4 24 | 1.02× | 0.67× | ||
| Q3 24 | 5.82× | 1.91× | ||
| Q2 24 | 1.61× | 1.80× | ||
| Q1 24 | — | 1.30× |
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
TRNO
| Disposal Group Disposed Of By Sale Not Discontinued Operations | $109.5M | 80% |
| Other | $23.8M | 17% |
| At Market Equity Offering Program500Million | $4.1M | 3% |
