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Digital Realty（DLR）与惠好（WY）财务数据对比。点击上方公司名可切换其他公司
Digital Realty的季度营收约是惠好的1.1倍（$1.6B vs $1.5B），Digital Realty净利率更高（6.0% vs 4.8%，领先1.2%），Digital Realty同比增速更快（16.1% vs -9.8%），过去两年Digital Realty的营收复合增速更高（9.8% vs -7.4%）
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。
惠好是美国知名林地运营企业，在美国本土持有约1040万英亩林地，同时通过长期许可协议在加拿大管理额外1400万英亩林地。企业拥有逾百年木制品生产历史，目前以房地产投资信托（REIT）模式运营。
DLR vs WY — 直观对比
营收规模更大
DLR
是对方的1.1倍
$1.5B
营收增速更快
DLR
高出25.9%
-9.8%
净利率更高
DLR
高出1.2%
4.8%
两年增速更快
DLR
近两年复合增速
-7.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.5B |
| 净利润 | $98.6M | $74.0M |
| 毛利率 | — | 10.4% |
| 营业利润率 | 6.9% | 16.3% |
| 净利率 | 6.0% | 4.8% |
| 营收同比 | 16.1% | -9.8% |
| 净利润同比 | -10.3% | -8.6% |
| 每股收益（稀释后） | $0.22 | $0.11 |
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DLRWY
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.5B | $1.9B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $1.4B | $1.9B |
净利润DLRWY
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | $74.0M | ||
| Q3 25 | $67.8M | $80.0M | ||
| Q2 25 | $1.0B | $87.0M | ||
| Q1 25 | $110.0M | $83.0M | ||
| Q4 24 | $189.6M | $81.0M | ||
| Q3 24 | $51.2M | $28.0M | ||
| Q2 24 | $80.2M | $173.0M |
毛利率DLRWY
| Q1 26 | — | — | ||
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 11.9% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | — | 19.0% | ||
| Q4 24 | — | 17.8% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 20.8% |
营业利润率DLRWY
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | 16.3% | ||
| Q3 25 | 8.8% | 7.2% | ||
| Q2 25 | 14.2% | 9.4% | ||
| Q1 25 | 13.9% | 10.2% | ||
| Q4 24 | 10.1% | 8.3% | ||
| Q3 24 | 11.8% | 4.6% | ||
| Q2 24 | 0.7% | 13.9% |
净利率DLRWY
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | 4.8% | ||
| Q3 25 | 4.3% | 4.7% | ||
| Q2 25 | 69.1% | 4.6% | ||
| Q1 25 | 7.8% | 4.7% | ||
| Q4 24 | 13.2% | 4.7% | ||
| Q3 24 | 3.6% | 1.7% | ||
| Q2 24 | 5.9% | 8.9% |
每股收益（稀释后）DLRWY
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | $0.11 | ||
| Q3 25 | $0.15 | $0.11 | ||
| Q2 25 | $2.94 | $0.12 | ||
| Q1 25 | $0.27 | $0.11 | ||
| Q4 24 | $0.50 | $0.10 | ||
| Q3 24 | $0.09 | $0.04 | ||
| Q2 24 | $0.20 | $0.24 |
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 | $464.0M |
| 总债务越低越好 | — | $5.6B |
| 股东权益账面价值 | $22.9B | $9.4B |
| 总资产 | $49.4B | $16.6B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资DLRWY
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $464.0M | ||
| Q3 25 | $3.3B | $401.0M | ||
| Q2 25 | $3.6B | $592.0M | ||
| Q1 25 | $2.3B | $560.0M | ||
| Q4 24 | $3.9B | $684.0M | ||
| Q3 24 | $2.2B | $877.0M | ||
| Q2 24 | $2.3B | $997.0M |
总债务DLRWY
| Q1 26 | — | — | ||
| Q4 25 | — | $5.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DLRWY
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | $9.4B | ||
| Q3 25 | $23.0B | $9.4B | ||
| Q2 25 | $22.9B | $9.5B | ||
| Q1 25 | $21.3B | $9.6B | ||
| Q4 24 | $21.3B | $9.7B | ||
| Q3 24 | $21.2B | $9.9B | ||
| Q2 24 | $20.5B | $10.0B |
总资产DLRWY
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $16.6B | ||
| Q3 25 | $48.7B | $16.7B | ||
| Q2 25 | $48.7B | $16.5B | ||
| Q1 25 | $45.1B | $16.5B | ||
| Q4 24 | $45.3B | $16.5B | ||
| Q3 24 | $45.3B | $16.7B | ||
| Q2 24 | $43.6B | $16.8B |
负债/权益比DLRWY
| Q1 26 | — | — | ||
| Q4 25 | — | 0.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $-114.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-128.0M |
| 自由现金流率自由现金流/营收 | — | -8.3% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | — | -1.54× |
| 过去12个月自由现金流最近4个季度 | — | $511.0M |
8季度趋势，按日历期对齐
经营现金流DLRWY
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $-114.0M | ||
| Q3 25 | $652.9M | $210.0M | ||
| Q2 25 | $641.2M | $396.0M | ||
| Q1 25 | $399.1M | $70.0M | ||
| Q4 24 | $769.5M | $218.0M | ||
| Q3 24 | $566.5M | $234.0M | ||
| Q2 24 | $573.2M | $432.0M |
自由现金流DLRWY
| Q1 26 | — | — | ||
| Q4 25 | — | $-128.0M | ||
| Q3 25 | — | $203.0M | ||
| Q2 25 | — | $388.0M | ||
| Q1 25 | — | $48.0M | ||
| Q4 24 | — | $205.0M | ||
| Q3 24 | — | $226.0M | ||
| Q2 24 | — | $423.0M |
自由现金流率DLRWY
| Q1 26 | — | — | ||
| Q4 25 | — | -8.3% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 20.6% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | 13.4% | ||
| Q2 24 | — | 21.8% |
资本支出强度DLRWY
| Q1 26 | — | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% |
现金转化率DLRWY
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | -1.54× | ||
| Q3 25 | 9.63× | 2.63× | ||
| Q2 25 | 0.62× | 4.55× | ||
| Q1 25 | 3.63× | 0.84× | ||
| Q4 24 | 4.06× | 2.69× | ||
| Q3 24 | 11.07× | 8.36× | ||
| Q2 24 | 7.15× | 2.50× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
