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Essex Property Trust（ESS）与美世（MERC）财务数据对比。点击上方公司名可切换其他公司
Essex Property Trust的季度营收约是美世的1.1倍（$479.6M vs $449.5M），Essex Property Trust净利率更高（17.9% vs -68.7%，领先86.6%），Essex Property Trust同比增速更快（5.5% vs -8.0%），过去两年Essex Property Trust的营收复合增速更高（6.0% vs -9.9%）
Essex Property Trust是一家公开上市的房地产投资信托企业，重点布局美国西海岸优质不动产市场，核心投资标的为加利福尼亚州及西雅图大都会区的公寓类物业，在长租公寓的投资、运营及管理领域拥有深厚的行业积累与资源优势。
美世是1945年成立的美国咨询公司，为全球专业服务集团威达信的四大运营子公司之一，总部位于纽约，在43个国家设有办事处，业务覆盖130个国家，主要为客户提供人力资源与金融咨询服务。
ESS vs MERC — 直观对比
营收规模更大
ESS
是对方的1.1倍
$449.5M
营收增速更快
ESS
高出13.5%
-8.0%
净利率更高
ESS
高出86.6%
-68.7%
两年增速更快
ESS
近两年复合增速
-9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $479.6M | $449.5M |
| 净利润 | $85.7M | $-308.7M |
| 毛利率 | 70.0% | — |
| 营业利润率 | 31.7% | -62.0% |
| 净利率 | 17.9% | -68.7% |
| 营收同比 | 5.5% | -8.0% |
| 净利润同比 | -71.6% | -1947.7% |
| 每股收益（稀释后） | $1.24 | $-4.61 |
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ESSMERC
| Q4 25 | $479.6M | $449.5M | ||
| Q3 25 | $473.3M | $458.1M | ||
| Q2 25 | $469.8M | $453.5M | ||
| Q1 25 | $464.6M | $507.0M | ||
| Q4 24 | $454.5M | $488.4M | ||
| Q3 24 | $450.7M | $502.1M | ||
| Q2 24 | $442.4M | $499.4M | ||
| Q1 24 | $426.9M | $553.4M |
净利润ESSMERC
| Q4 25 | $85.7M | $-308.7M | ||
| Q3 25 | $172.7M | $-80.8M | ||
| Q2 25 | $231.5M | $-86.1M | ||
| Q1 25 | $212.8M | $-22.3M | ||
| Q4 24 | $301.7M | $16.7M | ||
| Q3 24 | $125.5M | $-17.6M | ||
| Q2 24 | $99.0M | $-67.6M | ||
| Q1 24 | $285.1M | $-16.7M |
毛利率ESSMERC
| Q4 25 | 70.0% | — | ||
| Q3 25 | 69.2% | — | ||
| Q2 25 | 70.7% | — | ||
| Q1 25 | 69.6% | — | ||
| Q4 24 | 70.0% | — | ||
| Q3 24 | 69.5% | — | ||
| Q2 24 | 70.8% | — | ||
| Q1 24 | 69.7% | — |
营业利润率ESSMERC
| Q4 25 | 31.7% | -62.0% | ||
| Q3 25 | 44.5% | -14.8% | ||
| Q2 25 | 59.5% | -12.9% | ||
| Q1 25 | 55.3% | 1.3% | ||
| Q4 24 | 67.0% | 10.3% | ||
| Q3 24 | 28.6% | 1.8% | ||
| Q2 24 | 31.1% | -8.8% | ||
| Q1 24 | 31.0% | -0.1% |
净利率ESSMERC
| Q4 25 | 17.9% | -68.7% | ||
| Q3 25 | 36.5% | -17.6% | ||
| Q2 25 | 49.3% | -19.0% | ||
| Q1 25 | 45.8% | -4.4% | ||
| Q4 24 | 66.4% | 3.4% | ||
| Q3 24 | 27.8% | -3.5% | ||
| Q2 24 | 22.4% | -13.5% | ||
| Q1 24 | 66.8% | -3.0% |
每股收益（稀释后）ESSMERC
| Q4 25 | $1.24 | $-4.61 | ||
| Q3 25 | $2.56 | $-1.21 | ||
| Q2 25 | $3.44 | $-1.29 | ||
| Q1 25 | $3.16 | $-0.33 | ||
| Q4 24 | $4.00 | $0.25 | ||
| Q3 24 | $1.84 | $-0.26 | ||
| Q2 24 | $1.45 | $-1.01 | ||
| Q1 24 | $4.25 | $-0.25 |
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 | $76.2M | $186.8M |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | $5.5B | $68.1M |
| 总资产 | $13.2B | $2.0B |
| 负债/权益比越低杠杆越低 | — | 23.58× |
8季度趋势，按日历期对齐
现金及短期投资ESSMERC
| Q4 25 | $76.2M | $186.8M | ||
| Q3 25 | $66.0M | $98.1M | ||
| Q2 25 | $58.7M | $146.5M | ||
| Q1 25 | $98.7M | $181.5M | ||
| Q4 24 | $66.8M | $184.9M | ||
| Q3 24 | $71.3M | $239.0M | ||
| Q2 24 | $55.2M | $263.2M | ||
| Q1 24 | $499.0M | $274.3M |
总债务ESSMERC
| Q4 25 | — | $1.6B | ||
| Q3 25 | $6.4B | $1.5B | ||
| Q2 25 | $6.4B | $1.5B | ||
| Q1 25 | $6.8B | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $6.4B | $1.6B | ||
| Q2 24 | $6.2B | $1.6B | ||
| Q1 24 | $6.6B | $1.6B |
股东权益ESSMERC
| Q4 25 | $5.5B | $68.1M | ||
| Q3 25 | $5.6B | $359.5M | ||
| Q2 25 | $5.6B | $446.5M | ||
| Q1 25 | $5.6B | $437.4M | ||
| Q4 24 | $5.5B | $429.8M | ||
| Q3 24 | $5.4B | $516.8M | ||
| Q2 24 | $5.5B | $487.7M | ||
| Q1 24 | $5.5B | $573.6M |
总资产ESSMERC
| Q4 25 | $13.2B | $2.0B | ||
| Q3 25 | $13.2B | $2.3B | ||
| Q2 25 | $13.2B | $2.4B | ||
| Q1 25 | $13.2B | $2.3B | ||
| Q4 24 | $12.9B | $2.3B | ||
| Q3 24 | $12.6B | $2.5B | ||
| Q2 24 | $12.5B | $2.5B | ||
| Q1 24 | $12.9B | $2.6B |
负债/权益比ESSMERC
| Q4 25 | — | 23.58× | ||
| Q3 25 | 1.15× | 4.30× | ||
| Q2 25 | 1.14× | 3.42× | ||
| Q1 25 | 1.22× | 3.44× | ||
| Q4 24 | — | 3.43× | ||
| Q3 24 | 1.18× | 3.09× | ||
| Q2 24 | 1.13× | 3.22× | ||
| Q1 24 | 1.19× | 2.82× |
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 | $1.1B | $46.2M |
| 自由现金流经营现金流 - 资本支出 | — | $32.0M |
| 自由现金流率自由现金流/营收 | — | 7.1% |
| 资本支出强度资本支出/营收 | — | 3.1% |
| 现金转化率经营现金流/净利润 | 12.53× | — |
| 过去12个月自由现金流最近4个季度 | — | $-80.0M |
8季度趋势，按日历期对齐
经营现金流ESSMERC
| Q4 25 | $1.1B | $46.2M | ||
| Q3 25 | $342.6M | $-30.1M | ||
| Q2 25 | $216.1M | $-4.5M | ||
| Q1 25 | $281.5M | $-3.0M | ||
| Q4 24 | $1.1B | $71.2M | ||
| Q3 24 | $316.2M | $-13.9M | ||
| Q2 24 | $218.9M | $62.2M | ||
| Q1 24 | $314.9M | $-29.2M |
自由现金流ESSMERC
| Q4 25 | — | $32.0M | ||
| Q3 25 | — | $-60.1M | ||
| Q2 25 | — | $-28.9M | ||
| Q1 25 | — | $-23.1M | ||
| Q4 24 | — | $50.4M | ||
| Q3 24 | — | $-41.2M | ||
| Q2 24 | — | $44.3M | ||
| Q1 24 | — | $-47.7M |
自由现金流率ESSMERC
| Q4 25 | — | 7.1% | ||
| Q3 25 | — | -13.1% | ||
| Q2 25 | — | -6.4% | ||
| Q1 25 | — | -4.6% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | — | -8.2% | ||
| Q2 24 | — | 8.9% | ||
| Q1 24 | — | -8.6% |
资本支出强度ESSMERC
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | — | 5.4% | ||
| Q2 24 | — | 3.6% | ||
| Q1 24 | — | 3.3% |
现金转化率ESSMERC
| Q4 25 | 12.53× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 3.54× | 4.26× | ||
| Q3 24 | 2.52× | — | ||
| Q2 24 | 2.21× | — | ||
| Q1 24 | 1.10× | — |
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
ESS
暂无分部数据
MERC
| Other | $215.3M | 48% |
| Solid Wood | $110.2M | 25% |
| Lumber | $54.9M | 12% |
| Pallets | $23.7M | 5% |
| Energyandchemicals | $18.7M | 4% |
| Manufactured Products | $14.1M | 3% |
| Biofuels | $10.0M | 2% |
| Wood Residuals | $2.6M | 1% |
