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DROPBOX, INC.（DBX）与Gaming & Leisure Properties, Inc.（GLPI）财务数据对比。点击上方公司名可切换其他公司
DROPBOX, INC.的季度营收约是Gaming & Leisure Properties, Inc.的1.5倍（$636.2M vs $420.0M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs 17.1%，领先39.9%），Gaming & Leisure Properties, Inc.同比增速更快（6.3% vs -1.1%），过去两年Gaming & Leisure Properties, Inc.的营收复合增速更高（5.0% vs 0.4%）
Dropbox是总部位于美国加利福尼亚州旧金山的云服务企业，2007年由麻省理工学院学生德鲁·休斯顿与阿拉什·费尔多西创立，初创阶段获得创业孵化器Y Combinator的种子投资，核心业务包含云存储、文件同步、个人云及配套客户端软件等服务。
博彩与休闲地产公司（GLPI）是一家专注于赌场物业的房地产投资信托（REIT），总部位于宾夕法尼亚州怀奥米辛。公司于2013年11月从宾州国民娱乐分拆成立，目前持有62处赌场物业，全部对外出租给其他企业运营。
DBX vs GLPI — 直观对比
营收规模更大
DBX
是对方的1.5倍
$420.0M
营收增速更快
GLPI
高出7.4%
-1.1%
净利率更高
GLPI
高出39.9%
17.1%
两年增速更快
GLPI
近两年复合增速
0.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $636.2M | $420.0M |
| 净利润 | $108.7M | $239.4M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 25.5% | 79.4% |
| 净利率 | 17.1% | 57.0% |
| 营收同比 | -1.1% | 6.3% |
| 净利润同比 | 5.7% | 40.5% |
| 每股收益（稀释后） | $0.43 | — |
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DBXGLPI
| Q1 26 | — | $420.0M | ||
| Q4 25 | $636.2M | $407.0M | ||
| Q3 25 | $634.4M | $397.6M | ||
| Q2 25 | $625.7M | $394.9M | ||
| Q1 25 | $624.7M | $395.2M | ||
| Q4 24 | $643.6M | $389.6M | ||
| Q3 24 | $638.8M | $385.3M | ||
| Q2 24 | $634.5M | $380.6M |
净利润DBXGLPI
| Q1 26 | — | $239.4M | ||
| Q4 25 | $108.7M | $275.4M | ||
| Q3 25 | $123.8M | $241.2M | ||
| Q2 25 | $125.6M | $151.4M | ||
| Q1 25 | $150.3M | $165.2M | ||
| Q4 24 | $102.8M | $223.6M | ||
| Q3 24 | $106.7M | $184.7M | ||
| Q2 24 | $110.5M | $208.3M |
毛利率DBXGLPI
| Q1 26 | — | — | ||
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.8% | — | ||
| Q2 25 | 80.2% | — | ||
| Q1 25 | 81.3% | — | ||
| Q4 24 | 81.2% | — | ||
| Q3 24 | 82.5% | — | ||
| Q2 24 | 83.1% | — |
营业利润率DBXGLPI
| Q1 26 | — | 79.4% | ||
| Q4 25 | 25.5% | 89.3% | ||
| Q3 25 | 27.5% | 84.8% | ||
| Q2 25 | 26.9% | 61.3% | ||
| Q1 25 | 29.4% | 65.5% | ||
| Q4 24 | 13.7% | 79.1% | ||
| Q3 24 | 20.0% | 70.4% | ||
| Q2 24 | 20.0% | 77.1% |
净利率DBXGLPI
| Q1 26 | — | 57.0% | ||
| Q4 25 | 17.1% | 67.6% | ||
| Q3 25 | 19.5% | 60.7% | ||
| Q2 25 | 20.1% | 38.4% | ||
| Q1 25 | 24.1% | 41.8% | ||
| Q4 24 | 16.0% | 57.4% | ||
| Q3 24 | 16.7% | 47.9% | ||
| Q2 24 | 17.4% | 54.7% |
每股收益（稀释后）DBXGLPI
| Q1 26 | — | — | ||
| Q4 25 | $0.43 | $0.96 | ||
| Q3 25 | $0.47 | $0.85 | ||
| Q2 25 | $0.45 | $0.54 | ||
| Q1 25 | $0.51 | $0.60 | ||
| Q4 24 | $0.33 | $0.79 | ||
| Q3 24 | $0.34 | $0.67 | ||
| Q2 24 | $0.34 | $0.77 |
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 | $891.3M | $274.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-1.8B | $5.0B |
| 总资产 | $2.8B | $13.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DBXGLPI
| Q1 26 | — | $274.5M | ||
| Q4 25 | $891.3M | — | ||
| Q3 25 | $730.7M | — | ||
| Q2 25 | $736.3M | — | ||
| Q1 25 | $942.2M | — | ||
| Q4 24 | $1.3B | $560.8M | ||
| Q3 24 | $517.6M | $560.8M | ||
| Q2 24 | $515.1M | $560.8M |
总债务DBXGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.6B |
股东权益DBXGLPI
| Q1 26 | — | $5.0B | ||
| Q4 25 | $-1.8B | $4.6B | ||
| Q3 25 | $-1.5B | $4.6B | ||
| Q2 25 | $-1.3B | $4.6B | ||
| Q1 25 | $-1.1B | $4.2B | ||
| Q4 24 | $-752.4M | $4.3B | ||
| Q3 24 | $-546.1M | $4.3B | ||
| Q2 24 | $-371.3M | $4.1B |
总资产DBXGLPI
| Q1 26 | — | $13.8B | ||
| Q4 25 | $2.8B | $12.9B | ||
| Q3 25 | $2.8B | $12.8B | ||
| Q2 25 | $2.8B | $12.5B | ||
| Q1 25 | $3.0B | $12.1B | ||
| Q4 24 | $3.3B | $13.1B | ||
| Q3 24 | $2.6B | $12.7B | ||
| Q2 24 | $2.7B | $11.8B |
负债/权益比DBXGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.56× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 1.60× |
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 | $235.4M | — |
| 自由现金流经营现金流 - 资本支出 | $224.9M | — |
| 自由现金流率自由现金流/营收 | 35.4% | — |
| 资本支出强度资本支出/营收 | 1.7% | — |
| 现金转化率经营现金流/净利润 | 2.17× | — |
| 过去12个月自由现金流最近4个季度 | $930.8M | — |
8季度趋势，按日历期对齐
经营现金流DBXGLPI
| Q1 26 | — | — | ||
| Q4 25 | $235.4M | $1.1B | ||
| Q3 25 | $302.1M | $240.3M | ||
| Q2 25 | $260.5M | $293.4M | ||
| Q1 25 | $153.8M | $252.5M | ||
| Q4 24 | $213.8M | $1.1B | ||
| Q3 24 | $274.2M | $270.4M | ||
| Q2 24 | $230.6M | $252.1M |
自由现金流DBXGLPI
| Q1 26 | — | — | ||
| Q4 25 | $224.9M | — | ||
| Q3 25 | $293.7M | $183.0M | ||
| Q2 25 | $258.5M | $272.3M | ||
| Q1 25 | $153.7M | $239.6M | ||
| Q4 24 | $210.5M | $1.1B | ||
| Q3 24 | $270.1M | $261.5M | ||
| Q2 24 | $224.7M | $245.0M |
自由现金流率DBXGLPI
| Q1 26 | — | — | ||
| Q4 25 | 35.4% | — | ||
| Q3 25 | 46.3% | 46.0% | ||
| Q2 25 | 41.3% | 69.0% | ||
| Q1 25 | 24.6% | 60.6% | ||
| Q4 24 | 32.7% | 275.3% | ||
| Q3 24 | 42.3% | 67.9% | ||
| Q2 24 | 35.4% | 64.4% |
资本支出强度DBXGLPI
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.3% | 14.4% | ||
| Q2 25 | 0.3% | 5.3% | ||
| Q1 25 | 0.0% | 3.3% | ||
| Q4 24 | 0.5% | 0.0% | ||
| Q3 24 | 0.6% | 2.3% | ||
| Q2 24 | 0.9% | 1.9% |
现金转化率DBXGLPI
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | 4.10× | ||
| Q3 25 | 2.44× | 1.00× | ||
| Q2 25 | 2.07× | 1.94× | ||
| Q1 25 | 1.02× | 1.53× | ||
| Q4 24 | 2.08× | 4.80× | ||
| Q3 24 | 2.57× | 1.46× | ||
| Q2 24 | 2.09× | 1.21× |
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
DBX
| US | $355.3M | 56% |
| Non Us | $280.9M | 44% |
GLPI
暂无分部数据
