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Digital Realty（DLR）与拉扎德（LAZ）财务数据对比。点击上方公司名可切换其他公司
Digital Realty的季度营收约是拉扎德的1.8倍（$1.6B vs $929.4M），Digital Realty净利率更高（6.0% vs 5.4%，领先0.7%），Digital Realty同比增速更快（16.1% vs 10.8%），过去两年Digital Realty的营收复合增速更高（9.8% vs 8.8%）
Digital Realty是一家全球知名的不动产投资信托企业，核心业务涵盖全球各地运营商中立数据中心的持有、运营与投资，可为客户提供数据中心部署、主机托管、网络互联等多元专业服务，能够满足不同企业对算力基础设施、数据存储及网络连接的多样化需求。
拉扎德公司是一家美国金融咨询与资产管理机构，业务覆盖投资银行、资产管理及其他金融服务，核心客户以机构客户为主。作为全球规模最大的独立投资银行，其主要行政办公室分布于纽约、巴黎及伦敦三地。
DLR vs LAZ — 直观对比
营收规模更大
DLR
是对方的1.8倍
$929.4M
营收增速更快
DLR
高出5.4%
10.8%
净利率更高
DLR
高出0.7%
5.4%
两年增速更快
DLR
近两年复合增速
8.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $929.4M |
| 净利润 | $98.6M | $49.9M |
| 毛利率 | — | — |
| 营业利润率 | 6.9% | 9.1% |
| 净利率 | 6.0% | 5.4% |
| 营收同比 | 16.1% | 10.8% |
| 净利润同比 | -10.3% | -42.2% |
| 每股收益（稀释后） | $0.22 | $0.44 |
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DLRLAZ
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $929.4M | ||
| Q3 25 | $1.6B | $770.8M | ||
| Q2 25 | $1.5B | $817.2M | ||
| Q1 25 | $1.4B | $669.2M | ||
| Q4 24 | $1.4B | $839.0M | ||
| Q3 24 | $1.4B | $807.4M | ||
| Q2 24 | $1.4B | $708.0M |
净利润DLRLAZ
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | $49.9M | ||
| Q3 25 | $67.8M | $71.2M | ||
| Q2 25 | $1.0B | $55.3M | ||
| Q1 25 | $110.0M | $60.4M | ||
| Q4 24 | $189.6M | $86.3M | ||
| Q3 24 | $51.2M | $107.9M | ||
| Q2 24 | $80.2M | $49.9M |
营业利润率DLRLAZ
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | 9.1% | ||
| Q3 25 | 8.8% | 12.3% | ||
| Q2 25 | 14.2% | 11.4% | ||
| Q1 25 | 13.9% | 8.2% | ||
| Q4 24 | 10.1% | 12.8% | ||
| Q3 24 | 11.8% | 20.0% | ||
| Q2 24 | 0.7% | 9.0% |
净利率DLRLAZ
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | 5.4% | ||
| Q3 25 | 4.3% | 9.2% | ||
| Q2 25 | 69.1% | 6.8% | ||
| Q1 25 | 7.8% | 9.0% | ||
| Q4 24 | 13.2% | 10.3% | ||
| Q3 24 | 3.6% | 13.4% | ||
| Q2 24 | 5.9% | 7.0% |
每股收益（稀释后）DLRLAZ
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | $0.44 | ||
| Q3 25 | $0.15 | $0.65 | ||
| Q2 25 | $2.94 | $0.52 | ||
| Q1 25 | $0.27 | $0.56 | ||
| Q4 24 | $0.50 | $0.82 | ||
| Q3 24 | $0.09 | $1.02 | ||
| Q2 24 | $0.20 | $0.49 |
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 | $3.5B | $1.5B |
| 总债务越低越好 | — | $1.7B |
| 股东权益账面价值 | $22.9B | $873.7M |
| 总资产 | $49.4B | $4.9B |
| 负债/权益比越低杠杆越低 | — | 1.93× |
8季度趋势，按日历期对齐
现金及短期投资DLRLAZ
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $1.5B | ||
| Q3 25 | $3.3B | $1.2B | ||
| Q2 25 | $3.6B | $978.3M | ||
| Q1 25 | $2.3B | $908.6M | ||
| Q4 24 | $3.9B | $1.3B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.3B | $847.6M |
总债务DLRLAZ
| Q1 26 | — | — | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B |
股东权益DLRLAZ
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | $873.7M | ||
| Q3 25 | $23.0B | $841.5M | ||
| Q2 25 | $22.9B | $741.6M | ||
| Q1 25 | $21.3B | $603.0M | ||
| Q4 24 | $21.3B | $636.2M | ||
| Q3 24 | $21.2B | $624.3M | ||
| Q2 24 | $20.5B | $458.7M |
总资产DLRLAZ
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $4.9B | ||
| Q3 25 | $48.7B | $4.6B | ||
| Q2 25 | $48.7B | $4.5B | ||
| Q1 25 | $45.1B | $4.2B | ||
| Q4 24 | $45.3B | $4.8B | ||
| Q3 24 | $45.3B | $4.8B | ||
| Q2 24 | $43.6B | $4.5B |
负债/权益比DLRLAZ
| Q1 26 | — | — | ||
| Q4 25 | — | 1.93× | ||
| Q3 25 | — | 2.01× | ||
| Q2 25 | — | 2.28× | ||
| Q1 25 | — | 2.80× | ||
| Q4 24 | — | 2.65× | ||
| Q3 24 | — | 2.97× | ||
| Q2 24 | — | 4.04× |
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 | — | $399.7M |
| 自由现金流经营现金流 - 资本支出 | — | $396.1M |
| 自由现金流率自由现金流/营收 | — | 42.6% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | 8.02× |
| 过去12个月自由现金流最近4个季度 | — | $487.4M |
8季度趋势，按日历期对齐
经营现金流DLRLAZ
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $399.7M | ||
| Q3 25 | $652.9M | $287.5M | ||
| Q2 25 | $641.2M | $49.7M | ||
| Q1 25 | $399.1M | $-217.5M | ||
| Q4 24 | $769.5M | $362.9M | ||
| Q3 24 | $566.5M | $293.7M | ||
| Q2 24 | $573.2M | $176.2M |
自由现金流DLRLAZ
| Q1 26 | — | — | ||
| Q4 25 | — | $396.1M | ||
| Q3 25 | — | $284.6M | ||
| Q2 25 | — | $38.0M | ||
| Q1 25 | — | $-231.3M | ||
| Q4 24 | — | $348.0M | ||
| Q3 24 | — | $276.2M | ||
| Q2 24 | — | $169.8M |
自由现金流率DLRLAZ
| Q1 26 | — | — | ||
| Q4 25 | — | 42.6% | ||
| Q3 25 | — | 36.9% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | -34.6% | ||
| Q4 24 | — | 41.5% | ||
| Q3 24 | — | 34.2% | ||
| Q2 24 | — | 24.0% |
资本支出强度DLRLAZ
| Q1 26 | — | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 0.9% |
现金转化率DLRLAZ
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | 8.02× | ||
| Q3 25 | 9.63× | 4.03× | ||
| Q2 25 | 0.62× | 0.90× | ||
| Q1 25 | 3.63× | -3.60× | ||
| Q4 24 | 4.06× | 4.20× | ||
| Q3 24 | 11.07× | 2.72× | ||
| Q2 24 | 7.15× | 3.53× |
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
DLR
暂无分部数据
LAZ
| Financial Advisory Segment | $542.3M | 58% |
| Asset Management1 | $347.8M | 37% |
| Incentive Fees | $40.9M | 4% |
