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EPR PROPERTIES（EPR）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
PLUG POWER INC的季度营收约是EPR PROPERTIES的1.2倍（$225.2M vs $181.3M），EPR PROPERTIES净利率更高（34.5% vs -375.6%，领先410.2%），PLUG POWER INC同比增速更快（17.6% vs 3.6%），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 2.3%）
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。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
EPR vs PLUG — 直观对比
营收规模更大
PLUG
是对方的1.2倍
$181.3M
营收增速更快
PLUG
高出14.1%
3.6%
净利率更高
EPR
高出410.2%
-375.6%
两年增速更快
PLUG
近两年复合增速
2.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $181.3M | $225.2M |
| 净利润 | $62.6M | $-846.0M |
| 毛利率 | — | 2.4% |
| 营业利润率 | 55.5% | -338.9% |
| 净利率 | 34.5% | -375.6% |
| 营收同比 | 3.6% | 17.6% |
| 净利润同比 | 845.8% | 36.7% |
| 每股收益（稀释后） | $0.74 | $-0.70 |
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EPRPLUG
| Q1 26 | $181.3M | — | ||
| Q4 25 | $182.9M | $225.2M | ||
| Q3 25 | $182.3M | $177.1M | ||
| Q2 25 | $178.1M | $174.0M | ||
| Q1 25 | $175.0M | $133.7M | ||
| Q4 24 | $177.2M | $191.5M | ||
| Q3 24 | $180.5M | $173.7M | ||
| Q2 24 | $173.1M | $143.3M |
净利润EPRPLUG
| Q1 26 | $62.6M | — | ||
| Q4 25 | $66.9M | $-846.0M | ||
| Q3 25 | $66.6M | $-361.9M | ||
| Q2 25 | $75.6M | $-227.1M | ||
| Q1 25 | $65.8M | $-196.7M | ||
| Q4 24 | $-8.4M | $-1.3B | ||
| Q3 24 | $46.6M | $-211.2M | ||
| Q2 24 | $45.1M | $-262.3M |
毛利率EPRPLUG
| Q1 26 | — | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | -67.9% | ||
| Q2 25 | — | -30.7% | ||
| Q1 25 | — | -55.3% | ||
| Q4 24 | — | -122.5% | ||
| Q3 24 | — | -57.6% | ||
| Q2 24 | — | -91.6% |
营业利润率EPRPLUG
| Q1 26 | 55.5% | — | ||
| Q4 25 | 56.8% | -338.9% | ||
| Q3 25 | 53.5% | -197.0% | ||
| Q2 25 | 62.5% | -101.7% | ||
| Q1 25 | 58.1% | -133.5% | ||
| Q4 24 | 25.5% | -678.7% | ||
| Q3 24 | 51.4% | -124.4% | ||
| Q2 24 | 45.9% | -170.7% |
净利率EPRPLUG
| Q1 26 | 34.5% | — | ||
| Q4 25 | 36.6% | -375.6% | ||
| Q3 25 | 36.5% | -204.4% | ||
| Q2 25 | 42.5% | -130.5% | ||
| Q1 25 | 37.6% | -147.1% | ||
| Q4 24 | -4.7% | -697.5% | ||
| Q3 24 | 25.8% | -121.5% | ||
| Q2 24 | 26.1% | -183.0% |
每股收益（稀释后）EPRPLUG
| Q1 26 | $0.74 | — | ||
| Q4 25 | $0.80 | $-0.70 | ||
| Q3 25 | $0.79 | $-0.31 | ||
| Q2 25 | $0.91 | $-0.20 | ||
| Q1 25 | $0.78 | $-0.21 | ||
| Q4 24 | $-0.19 | $-1.61 | ||
| Q3 24 | $0.53 | $-0.25 | ||
| Q2 24 | $0.51 | $-0.36 |
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 | $68.5M | $368.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.3B | $978.1M |
| 总资产 | $5.7B | $2.6B |
| 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EPRPLUG
| Q1 26 | $68.5M | — | ||
| Q4 25 | $90.6M | $368.5M | ||
| Q3 25 | $13.7M | $165.9M | ||
| Q2 25 | $13.0M | $140.7M | ||
| Q1 25 | $20.6M | $295.8M | ||
| Q4 24 | $22.1M | $205.7M | ||
| Q3 24 | $35.3M | $93.9M | ||
| Q2 24 | $33.7M | $62.4M |
总债务EPRPLUG
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.9B | $3.9M | ||
| Q2 24 | $2.8B | $3.7M |
股东权益EPRPLUG
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $978.1M | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.3B | $1.7B | ||
| Q1 25 | $2.3B | $1.9B | ||
| Q4 24 | $2.3B | $1.7B | ||
| Q3 24 | $2.4B | $3.0B | ||
| Q2 24 | $2.4B | $3.0B |
总资产EPRPLUG
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $2.6B | ||
| Q3 25 | $5.5B | $3.1B | ||
| Q2 25 | $5.6B | $3.4B | ||
| Q1 25 | $5.5B | $3.6B | ||
| Q4 24 | $5.6B | $3.6B | ||
| Q3 24 | $5.7B | $4.7B | ||
| Q2 24 | $5.6B | $4.8B |
负债/权益比EPRPLUG
| Q1 26 | — | — | ||
| Q4 25 | 1.26× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 1.23× | — | ||
| Q3 24 | 1.19× | 0.00× | ||
| Q2 24 | 1.16× | 0.00× |
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 | $113.4M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-153.0M |
| 自由现金流率自由现金流/营收 | — | -67.9% |
| 资本支出强度资本支出/营收 | 0.1% | 1.9% |
| 现金转化率经营现金流/净利润 | 1.81× | — |
| 过去12个月自由现金流最近4个季度 | — | $-647.0M |
8季度趋势，按日历期对齐
经营现金流EPRPLUG
| Q1 26 | $113.4M | — | ||
| Q4 25 | $421.0M | $-148.6M | ||
| Q3 25 | $136.5M | $-89.8M | ||
| Q2 25 | $87.3M | $-191.8M | ||
| Q1 25 | $99.4M | $-105.6M | ||
| Q4 24 | $393.1M | $-131.2M | ||
| Q3 24 | $122.0M | $-174.9M | ||
| Q2 24 | $78.7M | $-254.7M |
自由现金流EPRPLUG
| Q1 26 | — | — | ||
| Q4 25 | $269.2M | $-153.0M | ||
| Q3 25 | $132.1M | $-117.5M | ||
| Q2 25 | $82.4M | $-230.4M | ||
| Q1 25 | $84.7M | $-146.0M | ||
| Q4 24 | $129.2M | $-165.2M | ||
| Q3 24 | $121.5M | $-234.2M | ||
| Q2 24 | $71.3M | $-356.0M |
自由现金流率EPRPLUG
| Q1 26 | — | — | ||
| Q4 25 | 147.1% | -67.9% | ||
| Q3 25 | 72.5% | -66.4% | ||
| Q2 25 | 46.3% | -132.5% | ||
| Q1 25 | 48.4% | -109.2% | ||
| Q4 24 | 72.9% | -86.3% | ||
| Q3 24 | 67.3% | -134.8% | ||
| Q2 24 | 41.2% | -248.4% |
资本支出强度EPRPLUG
| Q1 26 | 0.1% | — | ||
| Q4 25 | 82.9% | 1.9% | ||
| Q3 25 | 2.4% | 15.6% | ||
| Q2 25 | 2.7% | 22.2% | ||
| Q1 25 | 8.4% | 30.3% | ||
| Q4 24 | 148.9% | 17.7% | ||
| Q3 24 | 0.3% | 34.1% | ||
| Q2 24 | 4.2% | 70.7% |
现金转化率EPRPLUG
| Q1 26 | 1.81× | — | ||
| Q4 25 | 6.29× | — | ||
| Q3 25 | 2.05× | — | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.62× | — | ||
| 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
EPR
| Rental revenue | $155.2M | 86% |
| Mortgage and other financing income | $16.0M | 9% |
| Other | $10.1M | 6% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
