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西蒙地产集团（ELS）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是西蒙地产集团的1.8倍（$725.6M vs $397.6M），Reddit, Inc.同比增速更快（69.7% vs 6.3%），过去两年Reddit, Inc.的营收复合增速更高（72.8% vs 2.3%）
西蒙地产集团是美国头部房地产投资信托企业，投资范围涵盖购物中心、奥特莱斯及社区生活中心等商业地产业态，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业权益。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
ELS vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.8倍
$397.6M
营收增速更快
RDDT
高出63.3%
6.3%
两年增速更快
RDDT
近两年复合增速
2.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $397.6M | $725.6M |
| 净利润 | — | $251.6M |
| 毛利率 | — | 91.9% |
| 营业利润率 | — | 31.9% |
| 净利率 | — | 34.7% |
| 营收同比 | 6.3% | 69.7% |
| 净利润同比 | — | 254.2% |
| 每股收益（稀释后） | $0.56 | $1.24 |
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ELSRDDT
| Q1 26 | $397.6M | — | ||
| Q4 25 | $373.9M | $725.6M | ||
| Q3 25 | $393.3M | $584.9M | ||
| Q2 25 | $376.9M | $499.6M | ||
| Q1 25 | $387.3M | $392.4M | ||
| Q4 24 | $372.3M | $427.7M | ||
| Q3 24 | $387.3M | $348.4M | ||
| Q2 24 | $380.0M | $281.2M |
净利润ELSRDDT
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | $251.6M | ||
| Q3 25 | $100.4M | $162.7M | ||
| Q2 25 | $83.5M | $89.3M | ||
| Q1 25 | $114.4M | $26.2M | ||
| Q4 24 | $100.6M | $71.0M | ||
| Q3 24 | $86.9M | $29.9M | ||
| Q2 24 | $82.1M | $-10.1M |
毛利率ELSRDDT
| Q1 26 | — | — | ||
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% |
营业利润率ELSRDDT
| Q1 26 | — | — | ||
| Q4 25 | 26.5% | 31.9% | ||
| Q3 25 | 25.1% | 23.7% | ||
| Q2 25 | 22.3% | 13.6% | ||
| Q1 25 | 28.3% | 1.0% | ||
| Q4 24 | 27.2% | 12.4% | ||
| Q3 24 | 21.4% | 2.0% | ||
| Q2 24 | 21.5% | -11.0% |
净利率ELSRDDT
| Q1 26 | — | — | ||
| Q4 25 | 27.8% | 34.7% | ||
| Q3 25 | 25.5% | 27.8% | ||
| Q2 25 | 22.2% | 17.9% | ||
| Q1 25 | 29.5% | 6.7% | ||
| Q4 24 | 27.0% | 16.6% | ||
| Q3 24 | 22.4% | 8.6% | ||
| Q2 24 | 21.6% | -3.6% |
每股收益（稀释后）ELSRDDT
| Q1 26 | $0.56 | — | ||
| Q4 25 | $0.52 | $1.24 | ||
| Q3 25 | $0.50 | $0.80 | ||
| Q2 25 | $0.42 | $0.45 | ||
| Q1 25 | $0.57 | $0.13 | ||
| Q4 24 | $0.51 | $4.76 | ||
| Q3 24 | $0.44 | $0.16 | ||
| Q2 24 | $0.42 | $-0.06 |
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 | — | $953.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.8B | $2.9B |
| 总资产 | $5.7M | $3.2B |
| 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ELSRDDT
| Q1 26 | — | — | ||
| Q4 25 | — | $953.6M | ||
| Q3 25 | — | $911.7M | ||
| Q2 25 | — | $734.1M | ||
| Q1 25 | — | $635.7M | ||
| Q4 24 | — | $562.1M | ||
| Q3 24 | — | $515.9M | ||
| Q2 24 | — | $468.0M |
总债务ELSRDDT
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ELSRDDT
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $2.9B | ||
| Q3 25 | $1.8B | $2.6B | ||
| Q2 25 | $1.7B | $2.4B | ||
| Q1 25 | $1.7B | $2.2B | ||
| Q4 24 | $1.7B | $2.1B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.4B | $1.9B |
总资产ELSRDDT
| Q1 26 | $5.7M | — | ||
| Q4 25 | $5.7B | $3.2B | ||
| Q3 25 | $5.7B | $2.9B | ||
| Q2 25 | $5.7B | $2.6B | ||
| Q1 25 | $5.6B | $2.4B | ||
| Q4 24 | $5.6B | $2.3B | ||
| Q3 24 | $5.6B | $2.2B | ||
| Q2 24 | $5.6B | $2.1B |
负债/权益比ELSRDDT
| Q1 26 | — | — | ||
| Q4 25 | 1.91× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.84× | — | ||
| 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 | — | $266.8M |
| 自由现金流经营现金流 - 资本支出 | — | $263.6M |
| 自由现金流率自由现金流/营收 | — | 36.3% |
| 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 | — | 1.06× |
| 过去12个月自由现金流最近4个季度 | — | $684.2M |
8季度趋势，按日历期对齐
经营现金流ELSRDDT
| Q1 26 | — | — | ||
| Q4 25 | $571.1M | $266.8M | ||
| Q3 25 | $147.0M | $185.2M | ||
| Q2 25 | $131.3M | $111.3M | ||
| Q1 25 | $193.4M | $127.6M | ||
| Q4 24 | $596.7M | $90.0M | ||
| Q3 24 | $149.5M | $71.6M | ||
| Q2 24 | $143.1M | $28.4M |
自由现金流ELSRDDT
| Q1 26 | — | — | ||
| Q4 25 | $334.1M | $263.6M | ||
| Q3 25 | $75.7M | $183.1M | ||
| Q2 25 | $71.8M | $110.8M | ||
| Q1 25 | $148.2M | $126.6M | ||
| Q4 24 | $355.4M | $89.2M | ||
| Q3 24 | $91.1M | $70.3M | ||
| Q2 24 | $80.6M | $27.2M |
自由现金流率ELSRDDT
| Q1 26 | — | — | ||
| Q4 25 | 89.4% | 36.3% | ||
| Q3 25 | 19.3% | 31.3% | ||
| Q2 25 | 19.1% | 22.2% | ||
| Q1 25 | 38.3% | 32.3% | ||
| Q4 24 | 95.5% | 20.8% | ||
| Q3 24 | 23.5% | 20.2% | ||
| Q2 24 | 21.2% | 9.7% |
资本支出强度ELSRDDT
| Q1 26 | — | — | ||
| Q4 25 | 63.4% | 0.4% | ||
| Q3 25 | 18.1% | 0.4% | ||
| Q2 25 | 15.8% | 0.1% | ||
| Q1 25 | 11.7% | 0.2% | ||
| Q4 24 | 64.8% | 0.2% | ||
| Q3 24 | 15.1% | 0.4% | ||
| Q2 24 | 16.5% | 0.4% |
现金转化率ELSRDDT
| Q1 26 | — | — | ||
| Q4 25 | 5.50× | 1.06× | ||
| Q3 25 | 1.46× | 1.14× | ||
| Q2 25 | 1.57× | 1.25× | ||
| Q1 25 | 1.69× | 4.88× | ||
| Q4 24 | 5.93× | 1.27× | ||
| Q3 24 | 1.72× | 2.40× | ||
| Q2 24 | 1.74× | — |
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
ELS
| Rental income | $339.0M | 85% |
| Other | $37.2M | 9% |
| Annual membership subscriptions | $18.3M | 5% |
| Membership upgrade revenue | $3.1M | 1% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
