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EPR PROPERTIES（EPR）与弗雷斯特研究公司（FORR）财务数据对比。点击上方公司名可切换其他公司
EPR PROPERTIES的季度营收约是弗雷斯特研究公司的1.8倍（$182.9M vs $101.1M），EPR PROPERTIES净利率更高（36.6% vs -33.5%，领先70.1%），EPR PROPERTIES同比增速更快（3.2% vs -6.5%），EPR PROPERTIES自由现金流更多（$269.2M vs $-4.3M），过去两年EPR PROPERTIES的营收复合增速更高（4.6% vs 0.5%）
EPR地产（前身为娱乐地产信托）是总部位于美国密苏里州堪萨斯城的房地产投资信托企业，专注投资游乐园、电影院、滑雪度假村等娱乐类地产项目，截至2022年共持有353处物业。
福雷斯特研究公司是一家全球领先的研究咨询机构，主营业务涵盖行业研究、管理咨询与行业峰会举办，客户群体包括全球大型企业、科技公司与消费领域领军企业，公司总部位于美国马萨诸塞州剑桥市。
EPR vs FORR — 直观对比
营收规模更大
EPR
是对方的1.8倍
$101.1M
营收增速更快
EPR
高出9.7%
-6.5%
净利率更高
EPR
高出70.1%
-33.5%
自由现金流更多
EPR
多$273.5M
$-4.3M
两年增速更快
EPR
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $182.9M | $101.1M |
| 净利润 | $66.9M | $-33.9M |
| 毛利率 | — | 56.7% |
| 营业利润率 | 56.8% | -36.6% |
| 净利率 | 36.6% | -33.5% |
| 营收同比 | 3.2% | -6.5% |
| 净利润同比 | 897.0% | -7941.4% |
| 每股收益（稀释后） | $0.80 | $-1.75 |
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EPRFORR
| Q4 25 | $182.9M | $101.1M | ||
| Q3 25 | $182.3M | $94.3M | ||
| Q2 25 | $178.1M | $111.7M | ||
| Q1 25 | $175.0M | $89.9M | ||
| Q4 24 | $177.2M | $108.0M | ||
| Q3 24 | $180.5M | $102.5M | ||
| Q2 24 | $173.1M | $121.8M | ||
| Q1 24 | $167.2M | $100.1M |
净利润EPRFORR
| Q4 25 | $66.9M | $-33.9M | ||
| Q3 25 | $66.6M | $-2.1M | ||
| Q2 25 | $75.6M | $3.9M | ||
| Q1 25 | $65.8M | $-87.3M | ||
| Q4 24 | $-8.4M | $432.0K | ||
| Q3 24 | $46.6M | $-5.8M | ||
| Q2 24 | $45.1M | $6.3M | ||
| Q1 24 | $62.7M | $-6.7M |
毛利率EPRFORR
| Q4 25 | — | 56.7% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 55.5% | ||
| Q1 25 | — | 55.9% | ||
| Q4 24 | — | 58.8% | ||
| Q3 24 | — | 60.5% | ||
| Q2 24 | — | 57.3% | ||
| Q1 24 | — | 54.9% |
营业利润率EPRFORR
| Q4 25 | 56.8% | -36.6% | ||
| Q3 25 | 53.5% | 4.7% | ||
| Q2 25 | 62.5% | 6.2% | ||
| Q1 25 | 58.1% | -97.5% | ||
| Q4 24 | 25.5% | -0.5% | ||
| Q3 24 | 51.4% | -0.7% | ||
| Q2 24 | 45.9% | 9.3% | ||
| Q1 24 | 58.8% | -9.3% |
净利率EPRFORR
| Q4 25 | 36.6% | -33.5% | ||
| Q3 25 | 36.5% | -2.3% | ||
| Q2 25 | 42.5% | 3.5% | ||
| Q1 25 | 37.6% | -97.1% | ||
| Q4 24 | -4.7% | 0.4% | ||
| Q3 24 | 25.8% | -5.7% | ||
| Q2 24 | 26.1% | 5.2% | ||
| Q1 24 | 37.5% | -6.7% |
每股收益（稀释后）EPRFORR
| Q4 25 | $0.80 | $-1.75 | ||
| Q3 25 | $0.79 | $-0.11 | ||
| Q2 25 | $0.91 | $0.20 | ||
| Q1 25 | $0.78 | $-4.62 | ||
| Q4 24 | $-0.19 | $0.02 | ||
| Q3 24 | $0.53 | $-0.30 | ||
| Q2 24 | $0.51 | $0.33 | ||
| Q1 24 | $0.75 | $-0.35 |
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 | $90.6M | $63.3M |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $2.3B | $126.5M |
| 总资产 | $5.7B | $404.0M |
| 负债/权益比越低杠杆越低 | 1.26× | — |
8季度趋势，按日历期对齐
现金及短期投资EPRFORR
| Q4 25 | $90.6M | $63.3M | ||
| Q3 25 | $13.7M | $65.1M | ||
| Q2 25 | $13.0M | $67.8M | ||
| Q1 25 | $20.6M | $75.6M | ||
| Q4 24 | $22.1M | $56.1M | ||
| Q3 24 | $35.3M | $62.8M | ||
| Q2 24 | $33.7M | $58.9M | ||
| Q1 24 | $59.5M | $61.4M |
总债务EPRFORR
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.8B | — |
股东权益EPRFORR
| Q4 25 | $2.3B | $126.5M | ||
| Q3 25 | $2.3B | $157.7M | ||
| Q2 25 | $2.3B | $159.5M | ||
| Q1 25 | $2.3B | $147.4M | ||
| Q4 24 | $2.3B | $229.5M | ||
| Q3 24 | $2.4B | $234.3M | ||
| Q2 24 | $2.4B | $237.1M | ||
| Q1 24 | $2.4B | $230.9M |
总资产EPRFORR
| Q4 25 | $5.7B | $404.0M | ||
| Q3 25 | $5.5B | $414.2M | ||
| Q2 25 | $5.6B | $436.0M | ||
| Q1 25 | $5.5B | $439.8M | ||
| Q4 24 | $5.6B | $503.9M | ||
| Q3 24 | $5.7B | $505.3M | ||
| Q2 24 | $5.6B | $524.2M | ||
| Q1 24 | $5.7B | $555.7M |
负债/权益比EPRFORR
| Q4 25 | 1.26× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 1.23× | — | ||
| Q3 24 | 1.19× | — | ||
| Q2 24 | 1.16× | — | ||
| Q1 24 | 1.15× | — |
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 | $421.0M | $-3.2M |
| 自由现金流经营现金流 - 资本支出 | $269.2M | $-4.3M |
| 自由现金流率自由现金流/营收 | 147.1% | -4.2% |
| 资本支出强度资本支出/营收 | 82.9% | 1.1% |
| 现金转化率经营现金流/净利润 | 6.29× | — |
| 过去12个月自由现金流最近4个季度 | $568.5M | $18.1M |
8季度趋势，按日历期对齐
经营现金流EPRFORR
| Q4 25 | $421.0M | $-3.2M | ||
| Q3 25 | $136.5M | $1.2M | ||
| Q2 25 | $87.3M | $-3.6M | ||
| Q1 25 | $99.4M | $26.7M | ||
| Q4 24 | $393.1M | $-1.8M | ||
| Q3 24 | $122.0M | $264.0K | ||
| Q2 24 | $78.7M | $-2.9M | ||
| Q1 24 | $99.5M | $611.0K |
自由现金流EPRFORR
| Q4 25 | $269.2M | $-4.3M | ||
| Q3 25 | $132.1M | $524.0K | ||
| Q2 25 | $82.4M | $-4.2M | ||
| Q1 25 | $84.7M | $26.1M | ||
| Q4 24 | $129.2M | $-2.5M | ||
| Q3 24 | $121.5M | $-223.0K | ||
| Q2 24 | $71.3M | $-3.7M | ||
| Q1 24 | $65.0M | $-815.0K |
自由现金流率EPRFORR
| Q4 25 | 147.1% | -4.2% | ||
| Q3 25 | 72.5% | 0.6% | ||
| Q2 25 | 46.3% | -3.8% | ||
| Q1 25 | 48.4% | 29.0% | ||
| Q4 24 | 72.9% | -2.3% | ||
| Q3 24 | 67.3% | -0.2% | ||
| Q2 24 | 41.2% | -3.1% | ||
| Q1 24 | 38.9% | -0.8% |
资本支出强度EPRFORR
| Q4 25 | 82.9% | 1.1% | ||
| Q3 25 | 2.4% | 0.7% | ||
| Q2 25 | 2.7% | 0.5% | ||
| Q1 25 | 8.4% | 0.7% | ||
| Q4 24 | 148.9% | 0.6% | ||
| Q3 24 | 0.3% | 0.5% | ||
| Q2 24 | 4.2% | 0.7% | ||
| Q1 24 | 20.6% | 1.4% |
现金转化率EPRFORR
| Q4 25 | 6.29× | — | ||
| Q3 25 | 2.05× | — | ||
| Q2 25 | 1.15× | -0.93× | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | — | -4.24× | ||
| Q3 24 | 2.62× | — | ||
| Q2 24 | 1.74× | -0.46× | ||
| Q1 24 | 1.59× | — |
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
EPR
| Experiential Reportable Operating Segment | $173.3M | 95% |
| Education Reportable Operating Segment | $9.5M | 5% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
