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Equinix（EQIX）与Welltower（WELL）财务数据对比。点击上方公司名可切换其他公司
Welltower的季度营收约是Equinix的1.4倍（$3.4B vs $2.4B），Welltower净利率更高（22.4% vs 11.0%，领先11.5%），Welltower同比增速更快（38.3% vs 8.8%），过去两年Welltower的营收复合增速更高（55.1% vs 5.9%）
Equinix是总部位于美国加利福尼亚州雷德伍德城的跨国企业，主营互联网连接服务与数据中心托管业务，旗下数据中心此前常被业内称为“运营商酒店”，2015年1月公司正式转型为房地产投资信托基金（REIT）。
Welltower Inc.是一家专注于医疗基础设施领域的房地产投资信托企业，核心业务为医疗类地产投资运营。截至2022年12月31日，公司投资的物业总量约3000处，全部布局于美国、加拿大及英国市场，是全球医疗地产投资领域的代表性企业之一。
EQIX vs WELL — 直观对比
营收规模更大
WELL
是对方的1.4倍
$2.4B
营收增速更快
WELL
高出29.6%
8.8%
净利率更高
WELL
高出11.5%
11.0%
两年增速更快
WELL
近两年复合增速
5.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $3.4B |
| 净利润 | $265.0M | $752.3M |
| 毛利率 | 50.5% | — |
| 营业利润率 | 17.4% | — |
| 净利率 | 11.0% | 22.4% |
| 营收同比 | 8.8% | 38.3% |
| 净利润同比 | -22.7% | 192.4% |
| 每股收益（稀释后） | $2.70 | — |
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EQIXWELL
| Q1 26 | $2.4B | $3.4B | ||
| Q4 25 | $2.4B | $2.6B | ||
| Q3 25 | $2.3B | $2.1B | ||
| Q2 25 | $2.3B | $2.0B | ||
| Q1 25 | $2.2B | $1.9B | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $2.2B | $1.5B | ||
| Q2 24 | $2.2B | $1.4B |
净利润EQIXWELL
| Q1 26 | $265.0M | $752.3M | ||
| Q4 25 | $265.0M | $117.8M | ||
| Q3 25 | $374.0M | $282.2M | ||
| Q2 25 | $368.0M | $304.6M | ||
| Q1 25 | $343.0M | $257.3M | ||
| Q4 24 | $-14.0M | $123.8M | ||
| Q3 24 | $297.0M | $456.8M | ||
| Q2 24 | $301.0M | $260.7M |
毛利率EQIXWELL
| Q1 26 | 50.5% | — | ||
| Q4 25 | 50.5% | 24.3% | ||
| Q3 25 | 50.7% | 23.5% | ||
| Q2 25 | 52.0% | 23.2% | ||
| Q1 25 | 51.3% | 21.6% | ||
| Q4 24 | 47.1% | 20.0% | ||
| Q3 24 | 50.1% | 19.8% | ||
| Q2 24 | 49.9% | 20.2% |
营业利润率EQIXWELL
| Q1 26 | 17.4% | — | ||
| Q4 25 | 17.4% | — | ||
| Q3 25 | 20.5% | 14.2% | ||
| Q2 25 | 21.9% | 15.1% | ||
| Q1 25 | 20.6% | 10.7% | ||
| Q4 24 | 4.6% | 6.2% | ||
| Q3 24 | 19.3% | 12.2% | ||
| Q2 24 | 20.2% | 6.5% |
净利率EQIXWELL
| Q1 26 | 11.0% | 22.4% | ||
| Q4 25 | 11.0% | 4.6% | ||
| Q3 25 | 16.1% | 13.7% | ||
| Q2 25 | 16.3% | 15.5% | ||
| Q1 25 | 15.4% | 13.8% | ||
| Q4 24 | -0.6% | 7.0% | ||
| Q3 24 | 13.5% | 30.2% | ||
| Q2 24 | 13.9% | 18.7% |
每股收益（稀释后）EQIXWELL
| Q1 26 | $2.70 | — | ||
| Q4 25 | $2.70 | $0.13 | ||
| Q3 25 | $3.81 | $0.41 | ||
| Q2 25 | $3.75 | $0.45 | ||
| Q1 25 | $3.50 | $0.40 | ||
| Q4 24 | $-0.19 | $0.20 | ||
| Q3 24 | $3.10 | $0.73 | ||
| Q2 24 | $3.16 | $0.42 |
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 | $3.2B | $4.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $14.2B | $44.7B |
| 总资产 | $40.1B | $67.2B |
| 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EQIXWELL
| Q1 26 | $3.2B | $4.7B | ||
| Q4 25 | $3.2B | $5.0B | ||
| Q3 25 | $2.9B | $6.8B | ||
| Q2 25 | $4.5B | $4.4B | ||
| Q1 25 | $3.7B | $3.5B | ||
| Q4 24 | $3.6B | $3.5B | ||
| Q3 24 | $3.2B | $3.6B | ||
| Q2 24 | $2.0B | $2.8B |
总债务EQIXWELL
| Q1 26 | — | — | ||
| Q4 25 | — | $19.2B | ||
| Q3 25 | $17.3B | $16.9B | ||
| Q2 25 | $18.1B | $16.0B | ||
| Q1 25 | $15.9B | $15.7B | ||
| Q4 24 | $15.3B | $15.5B | ||
| Q3 24 | $15.4B | $15.8B | ||
| Q2 24 | $14.5B | $13.9B |
股东权益EQIXWELL
| Q1 26 | $14.2B | $44.7B | ||
| Q4 25 | $14.2B | $42.1B | ||
| Q3 25 | $14.2B | $38.8B | ||
| Q2 25 | $14.1B | $35.9B | ||
| Q1 25 | $13.9B | $34.0B | ||
| Q4 24 | $13.5B | $32.0B | ||
| Q3 24 | $13.6B | $30.3B | ||
| Q2 24 | $12.3B | $29.0B |
总资产EQIXWELL
| Q1 26 | $40.1B | $67.2B | ||
| Q4 25 | $40.1B | $67.3B | ||
| Q3 25 | $38.1B | $59.5B | ||
| Q2 25 | $38.8B | $55.8B | ||
| Q1 25 | $36.1B | $53.3B | ||
| Q4 24 | $35.1B | $51.0B | ||
| Q3 24 | $35.4B | $49.0B | ||
| Q2 24 | $32.9B | $45.5B |
负债/权益比EQIXWELL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | 1.22× | 0.43× | ||
| Q2 25 | 1.28× | 0.44× | ||
| Q1 25 | 1.14× | 0.46× | ||
| Q4 24 | 1.13× | 0.49× | ||
| Q3 24 | 1.13× | 0.52× | ||
| Q2 24 | 1.18× | 0.48× |
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
EQIX
暂无分部数据
WELL
| Resident fees and services | $2.8B | 83% |
| Rental income | $453.8M | 14% |
| Other | $117.2M | 3% |
