vs
Everus Construction Group, Inc.（ECG）与Vici Properties（VICI）财务数据对比。点击上方公司名可切换其他公司
Vici Properties的季度营收约是Everus Construction Group, Inc.的1.0倍（$1.0B vs $1.0B），Vici Properties净利率更高（59.7% vs 5.5%，领先54.2%），Everus Construction Group, Inc.同比增速更快（33.2% vs 3.8%），过去两年Everus Construction Group, Inc.的营收复合增速更高（27.1% vs 3.2%）
Vici Properties是总部位于美国纽约的房地产投资信托（REIT），专注于博彩及娱乐类物业。公司成立于2017年，由凯撒娱乐集团破产重组时分拆而来，目前在美加两国持有54家赌场、酒店、赛马场，4座高尔夫球场及38个保龄球馆。
ECG vs VICI — 直观对比
营收规模更大
VICI
是对方的1.0倍
$1.0B
营收增速更快
ECG
高出29.4%
3.8%
净利率更高
VICI
高出54.2%
5.5%
两年增速更快
ECG
近两年复合增速
3.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.0B |
| 净利润 | $55.3M | $604.8M |
| 毛利率 | 11.6% | 99.3% |
| 营业利润率 | 6.8% | 60.2% |
| 净利率 | 5.5% | 59.7% |
| 营收同比 | 33.2% | 3.8% |
| 净利润同比 | 60.4% | -1.6% |
| 每股收益（稀释后） | $1.09 | $0.57 |
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ECGVICI
| Q4 25 | $1.0B | $1.0B | ||
| Q3 25 | $986.8M | $1.0B | ||
| Q2 25 | $921.5M | $1.0B | ||
| Q1 25 | $826.6M | $984.2M | ||
| Q4 24 | $759.6M | $976.1M | ||
| Q3 24 | $761.0M | $964.7M | ||
| Q2 24 | $703.4M | $957.0M | ||
| Q1 24 | $625.7M | $951.5M |
净利润ECGVICI
| Q4 25 | $55.3M | $604.8M | ||
| Q3 25 | $57.0M | $762.0M | ||
| Q2 25 | $52.8M | $865.1M | ||
| Q1 25 | $36.7M | $543.6M | ||
| Q4 24 | $34.5M | $614.6M | ||
| Q3 24 | $41.8M | $732.9M | ||
| Q2 24 | $39.0M | $741.3M | ||
| Q1 24 | $28.2M | $590.0M |
毛利率ECGVICI
| Q4 25 | 11.6% | 99.3% | ||
| Q3 25 | 12.6% | 99.3% | ||
| Q2 25 | 13.0% | 99.3% | ||
| Q1 25 | 11.2% | 99.4% | ||
| Q4 24 | 11.4% | 99.3% | ||
| Q3 24 | 11.8% | 99.3% | ||
| Q2 24 | 12.6% | 99.3% | ||
| Q1 24 | 11.9% | 99.3% |
营业利润率ECGVICI
| Q4 25 | 6.8% | 60.2% | ||
| Q3 25 | 7.3% | 77.2% | ||
| Q2 25 | 7.9% | 88.3% | ||
| Q1 25 | 6.2% | 55.9% | ||
| Q4 24 | 6.1% | 64.2% | ||
| Q3 24 | 7.1% | 77.4% | ||
| Q2 24 | 7.3% | 79.0% | ||
| Q1 24 | 6.2% | 63.2% |
净利率ECGVICI
| Q4 25 | 5.5% | 59.7% | ||
| Q3 25 | 5.8% | 75.6% | ||
| Q2 25 | 5.7% | 86.4% | ||
| Q1 25 | 4.4% | 55.2% | ||
| Q4 24 | 4.5% | 63.0% | ||
| Q3 24 | 5.5% | 76.0% | ||
| Q2 24 | 5.5% | 77.5% | ||
| Q1 24 | 4.5% | 62.0% |
每股收益（稀释后）ECGVICI
| Q4 25 | $1.09 | $0.57 | ||
| Q3 25 | $1.11 | $0.71 | ||
| Q2 25 | $1.03 | $0.82 | ||
| Q1 25 | $0.72 | $0.51 | ||
| Q4 24 | $0.68 | $0.58 | ||
| Q3 24 | $0.82 | $0.70 | ||
| Q2 24 | $0.76 | $0.71 | ||
| Q1 24 | $0.55 | $0.57 |
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 | — | $608.0M |
| 总债务越低越好 | $281.5M | $16.8B |
| 股东权益账面价值 | $629.8M | $27.8B |
| 总资产 | $1.7B | $46.7B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资ECGVICI
| Q4 25 | — | $608.0M | ||
| Q3 25 | — | $507.5M | ||
| Q2 25 | — | $233.0M | ||
| Q1 25 | — | $334.3M | ||
| Q4 24 | — | $524.6M | ||
| Q3 24 | $553.0K | $355.7M | ||
| Q2 24 | — | $347.2M | ||
| Q1 24 | — | $514.9M |
总债务ECGVICI
| Q4 25 | $281.5M | $16.8B | ||
| Q3 25 | $285.1M | $16.8B | ||
| Q2 25 | $288.6M | $16.9B | ||
| Q1 25 | $292.1M | $16.8B | ||
| Q4 24 | $295.6M | $16.7B | ||
| Q3 24 | — | $16.7B | ||
| Q2 24 | — | $16.7B | ||
| Q1 24 | — | $16.7B |
股东权益ECGVICI
| Q4 25 | $629.8M | $27.8B | ||
| Q3 25 | $573.0M | $27.7B | ||
| Q2 25 | $514.4M | $27.0B | ||
| Q1 25 | $460.2M | $26.6B | ||
| Q4 24 | $422.6M | $26.5B | ||
| Q3 24 | $453.3M | $26.1B | ||
| Q2 24 | $490.0M | $25.7B | ||
| Q1 24 | $464.3M | $25.4B |
总资产ECGVICI
| Q4 25 | $1.7B | $46.7B | ||
| Q3 25 | $1.6B | $46.5B | ||
| Q2 25 | $1.5B | $46.1B | ||
| Q1 25 | $1.4B | $45.5B | ||
| Q4 24 | $1.3B | $45.4B | ||
| Q3 24 | $1.3B | $44.9B | ||
| Q2 24 | — | $44.5B | ||
| Q1 24 | — | $44.2B |
负债/权益比ECGVICI
| Q4 25 | 0.45× | 0.60× | ||
| Q3 25 | 0.50× | 0.61× | ||
| Q2 25 | 0.56× | 0.63× | ||
| Q1 25 | 0.63× | 0.63× | ||
| Q4 24 | 0.70× | 0.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 0.66× |
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 | $48.2M | $691.9M |
| 自由现金流经营现金流 - 资本支出 | $23.5M | — |
| 自由现金流率自由现金流/营收 | 2.3% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 现金转化率经营现金流/净利润 | 0.87× | 1.14× |
| 过去12个月自由现金流最近4个季度 | $90.0M | — |
8季度趋势，按日历期对齐
经营现金流ECGVICI
| Q4 25 | $48.2M | $691.9M | ||
| Q3 25 | $76.2M | $586.3M | ||
| Q2 25 | $25.3M | $639.9M | ||
| Q1 25 | $7.1M | $591.9M | ||
| Q4 24 | — | $644.1M | ||
| Q3 24 | $78.9M | $579.1M | ||
| Q2 24 | — | $614.6M | ||
| Q1 24 | $21.9M | $543.7M |
自由现金流ECGVICI
| Q4 25 | $23.5M | — | ||
| Q3 25 | $65.7M | — | ||
| Q2 25 | $12.3M | — | ||
| Q1 25 | $-11.4M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $60.9M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $12.6M | — |
自由现金流率ECGVICI
| Q4 25 | 2.3% | — | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | -1.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 2.0% | — |
资本支出强度ECGVICI
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.5% | — |
现金转化率ECGVICI
| Q4 25 | 0.87× | 1.14× | ||
| Q3 25 | 1.34× | 0.77× | ||
| Q2 25 | 0.48× | 0.74× | ||
| Q1 25 | 0.19× | 1.09× | ||
| Q4 24 | — | 1.05× | ||
| Q3 24 | 1.89× | 0.79× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | 0.77× | 0.92× |
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
ECG
| Commercial | $594.5M | 59% |
| Utility | $203.5M | 20% |
| Industrial | $82.8M | 8% |
| Institutional | $66.1M | 7% |
| Service And Other | $28.4M | 3% |
| Transportation | $24.2M | 2% |
| Renewables | $19.8M | 2% |
VICI
| Fixed Rent | $504.3M | 50% |
| Other | $478.4M | 47% |
| Contingent Rent | $30.4M | 3% |
