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中国东方航空（EML）与牛津地产（IIPR）财务数据对比。点击上方公司名可切换其他公司
牛津地产的季度营收约是中国东方航空的1.2倍（$66.7M vs $55.3M），牛津地产净利率更高（47.8% vs 1.0%，领先46.7%），牛津地产同比增速更快（-13.1% vs -22.4%），过去两年中国东方航空的营收复合增速更高（-0.6% vs -6.0%）
中国东方航空是中国境内的头部航空公司，总部位于上海长宁区，与中国国际航空、中国南方航空并称为中国三大骨干航空公司，航线网络覆盖全球多个国家和地区，是中国民航市场的核心运营商之一。
牛津地产是一家加拿大跨国企业，业务涵盖房地产投资、开发与物业管理。其投资组合包含写字楼、零售、工业、多户住宅、生命科学及酒店类资产。该公司1960年以私营企业形式创立，自2003年起成为安大略省市政雇员退休系统（OMERS）的全资子公司，总部设于多伦多，在纽约、伦敦、澳大利亚、新加坡及卢森堡均设有区域总部。
EML vs IIPR — 直观对比
营收规模更大
IIPR
是对方的1.2倍
$55.3M
营收增速更快
IIPR
高出9.2%
-22.4%
净利率更高
IIPR
高出46.7%
1.0%
两年增速更快
EML
近两年复合增速
-6.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $55.3M | $66.7M |
| 净利润 | $578.9K | $31.8M |
| 毛利率 | 22.3% | — |
| 营业利润率 | 3.1% | 47.8% |
| 净利率 | 1.0% | 47.8% |
| 营收同比 | -22.4% | -13.1% |
| 净利润同比 | 103.8% | -20.4% |
| 每股收益（稀释后） | $0.10 | $1.07 |
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EMLIIPR
| Q4 25 | — | $66.7M | ||
| Q3 25 | $55.3M | $64.7M | ||
| Q2 25 | $70.2M | $62.9M | ||
| Q1 25 | $63.3M | $71.7M | ||
| Q4 24 | $64.3M | $76.7M | ||
| Q3 24 | $71.3M | $76.5M | ||
| Q2 24 | $72.6M | $79.8M | ||
| Q1 24 | $64.6M | $75.5M |
净利润EMLIIPR
| Q4 25 | — | $31.8M | ||
| Q3 25 | $578.9K | $29.3M | ||
| Q2 25 | $3.4M | $26.0M | ||
| Q1 25 | $1.9M | $31.1M | ||
| Q4 24 | $1.3M | $40.0M | ||
| Q3 24 | $-15.3M | $40.2M | ||
| Q2 24 | $3.5M | $42.0M | ||
| Q1 24 | $1.9M | $39.4M |
毛利率EMLIIPR
| Q4 25 | — | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 23.3% | — | ||
| Q1 25 | 22.4% | — | ||
| Q4 24 | 23.6% | — | ||
| Q3 24 | 25.5% | — | ||
| Q2 24 | 25.4% | — | ||
| Q1 24 | 23.9% | — |
营业利润率EMLIIPR
| Q4 25 | — | 47.8% | ||
| Q3 25 | 3.1% | 45.5% | ||
| Q2 25 | 4.5% | 45.9% | ||
| Q1 25 | 5.1% | 47.4% | ||
| Q4 24 | 6.1% | 54.7% | ||
| Q3 24 | 9.5% | 54.8% | ||
| Q2 24 | 8.3% | 53.1% | ||
| Q1 24 | 5.3% | 55.7% |
净利率EMLIIPR
| Q4 25 | — | 47.8% | ||
| Q3 25 | 1.0% | 45.3% | ||
| Q2 25 | 4.9% | 41.4% | ||
| Q1 25 | 3.1% | 43.3% | ||
| Q4 24 | 2.0% | 52.2% | ||
| Q3 24 | -21.5% | 52.6% | ||
| Q2 24 | 4.8% | 52.6% | ||
| Q1 24 | 3.0% | 52.3% |
每股收益（稀释后）EMLIIPR
| Q4 25 | — | $1.07 | ||
| Q3 25 | $0.10 | $0.97 | ||
| Q2 25 | $0.56 | $0.86 | ||
| Q1 25 | $0.32 | $1.03 | ||
| Q4 24 | $0.22 | $1.35 | ||
| Q3 24 | $-2.46 | $1.37 | ||
| Q2 24 | $0.56 | $1.44 | ||
| Q1 24 | $0.31 | $1.36 |
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 | $9.2M | $47.6M |
| 总债务越低越好 | — | $393.7M |
| 股东权益账面价值 | $124.3M | $1.8B |
| 总资产 | $220.0M | $2.4B |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资EMLIIPR
| Q4 25 | — | $47.6M | ||
| Q3 25 | $9.2M | $41.9M | ||
| Q2 25 | $9.1M | $104.9M | ||
| Q1 25 | $10.2M | $133.3M | ||
| Q4 24 | $16.1M | $151.2M | ||
| Q3 24 | $9.7M | $172.4M | ||
| Q2 24 | $2.0M | $160.9M | ||
| Q1 24 | $2.1M | $173.5M |
总债务EMLIIPR
| Q4 25 | — | $393.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $42.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EMLIIPR
| Q4 25 | — | $1.8B | ||
| Q3 25 | $124.3M | $1.9B | ||
| Q2 25 | $124.4M | $1.9B | ||
| Q1 25 | $121.0M | $1.9B | ||
| Q4 24 | $120.7M | $1.9B | ||
| Q3 24 | $119.2M | $1.9B | ||
| Q2 24 | $136.5M | $1.9B | ||
| Q1 24 | $134.5M | $2.0B |
总资产EMLIIPR
| Q4 25 | — | $2.4B | ||
| Q3 25 | $220.0M | $2.3B | ||
| Q2 25 | $229.4M | $2.3B | ||
| Q1 25 | $232.3M | $2.4B | ||
| Q4 24 | $235.3M | $2.4B | ||
| Q3 24 | $244.2M | $2.4B | ||
| Q2 24 | $255.9M | $2.4B | ||
| Q1 24 | $253.9M | $2.4B |
负债/权益比EMLIIPR
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $3.1M | $198.2M |
| 自由现金流经营现金流 - 资本支出 | $3.1M | — |
| 自由现金流率自由现金流/营收 | 5.5% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | 5.38× | 6.22× |
| 过去12个月自由现金流最近4个季度 | $12.3M | — |
8季度趋势，按日历期对齐
经营现金流EMLIIPR
| Q4 25 | — | $198.2M | ||
| Q3 25 | $3.1M | $45.6M | ||
| Q2 25 | $3.8M | $48.4M | ||
| Q1 25 | $-1.8M | $54.2M | ||
| Q4 24 | $11.0M | $258.4M | ||
| Q3 24 | $-2.9M | $64.9M | ||
| Q2 24 | $8.4M | $64.2M | ||
| Q1 24 | $2.8M | $71.6M |
自由现金流EMLIIPR
| Q4 25 | — | — | ||
| Q3 25 | $3.1M | — | ||
| Q2 25 | $3.0M | — | ||
| Q1 25 | $-2.7M | — | ||
| Q4 24 | $9.0M | — | ||
| Q3 24 | $-7.7M | — | ||
| Q2 24 | $7.3M | — | ||
| Q1 24 | $1.1M | — |
自由现金流率EMLIIPR
| Q4 25 | — | — | ||
| Q3 25 | 5.5% | — | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | -4.3% | — | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | -10.8% | — | ||
| Q2 24 | 10.1% | — | ||
| Q1 24 | 1.7% | — |
资本支出强度EMLIIPR
| Q4 25 | — | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 2.6% | — |
现金转化率EMLIIPR
| Q4 25 | — | 6.22× | ||
| Q3 25 | 5.38× | 1.56× | ||
| Q2 25 | 1.09× | 1.86× | ||
| Q1 25 | -0.95× | 1.75× | ||
| Q4 24 | 8.41× | 6.46× | ||
| Q3 24 | — | 1.61× | ||
| Q2 24 | 2.40× | 1.53× | ||
| Q1 24 | 1.43× | 1.82× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
