vs
Equity Residential（EQR）与Invitation Homes（INVH）财务数据对比。点击上方公司名可切换其他公司
Equity Residential的季度营收约是Invitation Homes的1.1倍（$781.9M vs $685.3M），Equity Residential净利率更高（48.9% vs 21.1%，领先27.8%），Invitation Homes同比增速更快（4.0% vs 2.0%），过去两年Equity Residential的营收复合增速更高（3.4% vs 3.0%）
Equity Residential是总部位于美国的公开上市房地产投资信托基金（REIT），核心业务聚焦公寓类不动产投资，在全美多地持有大量优质公寓资产，深耕租赁住房市场，拥有成熟的运营管理经验和突出的行业竞争优势。
Invitation Homes是纽交所上市企业，总部位于美国得克萨斯州达拉斯市林肯中心大厦，由Dallas B. Tanner出任首席执行官。截至2024年7月，公司在全美16个市场持有约8.4万套独栋出租住宅，是美国规模最大的独栋住宅租赁业主，17%的租金收入来自加利福尼亚州。
EQR vs INVH — 直观对比
营收规模更大
EQR
是对方的1.1倍
$685.3M
营收增速更快
INVH
高出2.0%
2.0%
净利率更高
EQR
高出27.8%
21.1%
两年增速更快
EQR
近两年复合增速
3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $781.9M | $685.3M |
| 净利润 | $382.1M | $144.6M |
| 毛利率 | — | — |
| 营业利润率 | 50.6% | — |
| 净利率 | 48.9% | 21.1% |
| 营收同比 | 2.0% | 4.0% |
| 净利润同比 | -8.8% | 1.0% |
| 每股收益（稀释后） | $1.01 | $0.24 |
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EQRINVH
| Q4 25 | $781.9M | $685.3M | ||
| Q3 25 | $782.4M | $688.2M | ||
| Q2 25 | $768.8M | $681.4M | ||
| Q1 25 | $760.8M | $674.5M | ||
| Q4 24 | $766.8M | $659.1M | ||
| Q3 24 | $748.3M | $660.3M | ||
| Q2 24 | $734.2M | $653.5M | ||
| Q1 24 | $730.8M | $646.0M |
净利润EQRINVH
| Q4 25 | $382.1M | $144.6M | ||
| Q3 25 | $289.1M | $136.7M | ||
| Q2 25 | $192.4M | $140.9M | ||
| Q1 25 | $256.6M | $165.7M | ||
| Q4 24 | $419.1M | $143.1M | ||
| Q3 24 | $143.4M | $95.3M | ||
| Q2 24 | $177.5M | $73.2M | ||
| Q1 24 | $295.8M | $142.3M |
营业利润率EQRINVH
| Q4 25 | 50.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 26.6% | — | ||
| Q1 25 | 35.7% | — | ||
| Q4 24 | 57.2% | — | ||
| Q3 24 | 20.1% | — | ||
| Q2 24 | 25.3% | — | ||
| Q1 24 | 42.0% | — |
净利率EQRINVH
| Q4 25 | 48.9% | 21.1% | ||
| Q3 25 | 36.9% | 19.9% | ||
| Q2 25 | 25.0% | 20.7% | ||
| Q1 25 | 33.7% | 24.6% | ||
| Q4 24 | 54.7% | 21.7% | ||
| Q3 24 | 19.2% | 14.4% | ||
| Q2 24 | 24.2% | 11.2% | ||
| Q1 24 | 40.5% | 22.0% |
每股收益（稀释后）EQRINVH
| Q4 25 | $1.01 | $0.24 | ||
| Q3 25 | $0.76 | $0.22 | ||
| Q2 25 | $0.50 | $0.23 | ||
| Q1 25 | $0.67 | $0.27 | ||
| Q4 24 | $1.10 | $0.24 | ||
| Q3 24 | $0.38 | $0.15 | ||
| Q2 24 | $0.47 | $0.12 | ||
| Q1 24 | $0.77 | $0.23 |
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 | $55.9M | $130.0M |
| 总债务越低越好 | $8.2B | $8.4B |
| 股东权益账面价值 | $11.0B | $9.5B |
| 总资产 | $20.7B | $18.7B |
| 负债/权益比越低杠杆越低 | 0.75× | 0.88× |
8季度趋势，按日历期对齐
现金及短期投资EQRINVH
| Q4 25 | $55.9M | $130.0M | ||
| Q3 25 | $93.1M | $155.4M | ||
| Q2 25 | $31.3M | $65.1M | ||
| Q1 25 | $39.8M | $84.4M | ||
| Q4 24 | $62.3M | $174.5M | ||
| Q3 24 | $28.6M | $1.0B | ||
| Q2 24 | $38.3M | $749.4M | ||
| Q1 24 | $44.5M | $738.1M |
总债务EQRINVH
| Q4 25 | $8.2B | $8.4B | ||
| Q3 25 | — | $8.2B | ||
| Q2 25 | — | $8.2B | ||
| Q1 25 | — | $8.1B | ||
| Q4 24 | $8.2B | $8.2B | ||
| Q3 24 | — | $9.0B | ||
| Q2 24 | — | $8.5B | ||
| Q1 24 | — | $8.5B |
股东权益EQRINVH
| Q4 25 | $11.0B | $9.5B | ||
| Q3 25 | $11.1B | $9.6B | ||
| Q2 25 | $11.0B | $9.7B | ||
| Q1 25 | $11.0B | $9.7B | ||
| Q4 24 | $11.0B | $9.8B | ||
| Q3 24 | $10.9B | $9.9B | ||
| Q2 24 | $11.0B | $10.0B | ||
| Q1 24 | $11.1B | $10.1B |
总资产EQRINVH
| Q4 25 | $20.7B | $18.7B | ||
| Q3 25 | $21.1B | $18.8B | ||
| Q2 25 | $21.0B | $18.7B | ||
| Q1 25 | $20.6B | $18.6B | ||
| Q4 24 | $20.8B | $18.7B | ||
| Q3 24 | $20.9B | $19.6B | ||
| Q2 24 | $19.8B | $19.2B | ||
| Q1 24 | $19.9B | $19.2B |
负债/权益比EQRINVH
| Q4 25 | 0.75× | 0.88× | ||
| Q3 25 | — | 0.86× | ||
| Q2 25 | — | 0.85× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | 0.74× | 0.84× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 0.84× |
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 | $387.0M | $128.7M |
| 自由现金流经营现金流 - 资本支出 | — | $122.4M |
| 自由现金流率自由现金流/营收 | — | 17.9% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | 1.01× | 0.89× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流EQRINVH
| Q4 25 | $387.0M | $128.7M | ||
| Q3 25 | $476.7M | $394.6M | ||
| Q2 25 | $359.5M | $382.5M | ||
| Q1 25 | $425.5M | $300.5M | ||
| Q4 24 | $354.2M | $132.8M | ||
| Q3 24 | $401.4M | $313.6M | ||
| Q2 24 | $396.9M | $369.8M | ||
| Q1 24 | $421.0M | $265.6M |
自由现金流EQRINVH
| Q4 25 | — | $122.4M | ||
| Q3 25 | — | $387.8M | ||
| Q2 25 | — | $374.4M | ||
| Q1 25 | — | $293.3M | ||
| Q4 24 | — | $125.0M | ||
| Q3 24 | — | $305.2M | ||
| Q2 24 | — | $363.8M | ||
| Q1 24 | — | $257.1M |
自由现金流率EQRINVH
| Q4 25 | — | 17.9% | ||
| Q3 25 | — | 56.4% | ||
| Q2 25 | — | 54.9% | ||
| Q1 25 | — | 43.5% | ||
| Q4 24 | — | 19.0% | ||
| Q3 24 | — | 46.2% | ||
| Q2 24 | — | 55.7% | ||
| Q1 24 | — | 39.8% |
资本支出强度EQRINVH
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.3% |
现金转化率EQRINVH
| Q4 25 | 1.01× | 0.89× | ||
| Q3 25 | 1.65× | 2.89× | ||
| Q2 25 | 1.87× | 2.71× | ||
| Q1 25 | 1.66× | 1.81× | ||
| Q4 24 | 0.85× | 0.93× | ||
| Q3 24 | 2.80× | 3.29× | ||
| Q2 24 | 2.24× | 5.05× | ||
| Q1 24 | 1.42× | 1.87× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
