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Essex Property Trust（ESS）与明晟（MSCI）财务数据对比。点击上方公司名可切换其他公司
明晟的季度营收约是Essex Property Trust的1.7倍（$822.5M vs $479.6M），明晟净利率更高（34.6% vs 17.9%，领先16.7%），明晟同比增速更快（10.6% vs 5.5%），过去两年明晟的营收复合增速更高（10.0% vs 6.0%）
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。
MSCI（明晟）是总部位于美国纽约的金融服务企业，为全球市场提供股票、固定收益、房地产指数、多资产组合分析工具及ESG、气候金融相关产品，旗下运营MSCI全球指数、MSCI新兴市场指数、MSCI全球所有国家（ACWI）指数等多款知名指数产品。
ESS vs MSCI — 直观对比
营收规模更大
MSCI
是对方的1.7倍
$479.6M
营收增速更快
MSCI
高出5.1%
5.5%
净利率更高
MSCI
高出16.7%
17.9%
两年增速更快
MSCI
近两年复合增速
6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $479.6M | $822.5M |
| 净利润 | $85.7M | $284.7M |
| 毛利率 | 70.0% | — |
| 营业利润率 | 31.7% | 56.4% |
| 净利率 | 17.9% | 34.6% |
| 营收同比 | 5.5% | 10.6% |
| 净利润同比 | -71.6% | -6.8% |
| 每股收益（稀释后） | $1.24 | $3.81 |
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ESSMSCI
| Q4 25 | $479.6M | $822.5M | ||
| Q3 25 | $473.3M | $793.4M | ||
| Q2 25 | $469.8M | $772.7M | ||
| Q1 25 | $464.6M | $745.8M | ||
| Q4 24 | $454.5M | $743.5M | ||
| Q3 24 | $450.7M | $724.7M | ||
| Q2 24 | $442.4M | $707.9M | ||
| Q1 24 | $426.9M | $680.0M |
净利润ESSMSCI
| Q4 25 | $85.7M | $284.7M | ||
| Q3 25 | $172.7M | $325.4M | ||
| Q2 25 | $231.5M | $303.6M | ||
| Q1 25 | $212.8M | $288.6M | ||
| Q4 24 | $301.7M | $305.5M | ||
| Q3 24 | $125.5M | $280.9M | ||
| Q2 24 | $99.0M | $266.8M | ||
| Q1 24 | $285.1M | $256.0M |
毛利率ESSMSCI
| 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ESSMSCI
| Q4 25 | 31.7% | 56.4% | ||
| Q3 25 | 44.5% | 56.4% | ||
| Q2 25 | 59.5% | 55.0% | ||
| Q1 25 | 55.3% | 50.6% | ||
| Q4 24 | 67.0% | 54.5% | ||
| Q3 24 | 28.6% | 55.4% | ||
| Q2 24 | 31.1% | 54.0% | ||
| Q1 24 | 31.0% | 49.9% |
净利率ESSMSCI
| Q4 25 | 17.9% | 34.6% | ||
| Q3 25 | 36.5% | 41.0% | ||
| Q2 25 | 49.3% | 39.3% | ||
| Q1 25 | 45.8% | 38.7% | ||
| Q4 24 | 66.4% | 41.1% | ||
| Q3 24 | 27.8% | 38.8% | ||
| Q2 24 | 22.4% | 37.7% | ||
| Q1 24 | 66.8% | 37.6% |
每股收益（稀释后）ESSMSCI
| Q4 25 | $1.24 | $3.81 | ||
| Q3 25 | $2.56 | $4.25 | ||
| Q2 25 | $3.44 | $3.92 | ||
| Q1 25 | $3.16 | $3.71 | ||
| Q4 24 | $4.00 | $3.89 | ||
| Q3 24 | $1.84 | $3.57 | ||
| Q2 24 | $1.45 | $3.37 | ||
| Q1 24 | $4.25 | $3.22 |
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 | $515.3M |
| 总债务越低越好 | — | $6.2B |
| 股东权益账面价值 | $5.5B | $-2.7B |
| 总资产 | $13.2B | $5.7B |
| 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ESSMSCI
| Q4 25 | $76.2M | $515.3M | ||
| Q3 25 | $66.0M | $400.1M | ||
| Q2 25 | $58.7M | $347.3M | ||
| Q1 25 | $98.7M | $360.7M | ||
| Q4 24 | $66.8M | $409.4M | ||
| Q3 24 | $71.3M | $501.0M | ||
| Q2 24 | $55.2M | $451.4M | ||
| Q1 24 | $499.0M | $519.3M |
总债务ESSMSCI
| Q4 25 | — | $6.2B | ||
| Q3 25 | $6.4B | $5.5B | ||
| Q2 25 | $6.4B | $4.5B | ||
| Q1 25 | $6.8B | $4.5B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | $6.4B | $4.5B | ||
| Q2 24 | $6.2B | $4.5B | ||
| Q1 24 | $6.6B | $4.5B |
股东权益ESSMSCI
| Q4 25 | $5.5B | $-2.7B | ||
| Q3 25 | $5.6B | $-1.9B | ||
| Q2 25 | $5.6B | $-886.2M | ||
| Q1 25 | $5.6B | $-958.6M | ||
| Q4 24 | $5.5B | $-940.0M | ||
| Q3 24 | $5.4B | $-751.0M | ||
| Q2 24 | $5.5B | $-734.5M | ||
| Q1 24 | $5.5B | $-650.5M |
总资产ESSMSCI
| Q4 25 | $13.2B | $5.7B | ||
| Q3 25 | $13.2B | $5.4B | ||
| Q2 25 | $13.2B | $5.4B | ||
| Q1 25 | $13.2B | $5.3B | ||
| Q4 24 | $12.9B | $5.4B | ||
| Q3 24 | $12.6B | $5.4B | ||
| Q2 24 | $12.5B | $5.5B | ||
| Q1 24 | $12.9B | $5.5B |
负债/权益比ESSMSCI
| Q4 25 | — | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 1.19× | — |
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 | $501.1M |
| 自由现金流经营现金流 - 资本支出 | — | $488.7M |
| 自由现金流率自由现金流/营收 | — | 59.4% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | 12.53× | 1.76× |
| 过去12个月自由现金流最近4个季度 | — | $1.5B |
8季度趋势，按日历期对齐
经营现金流ESSMSCI
| Q4 25 | $1.1B | $501.1M | ||
| Q3 25 | $342.6M | $449.4M | ||
| Q2 25 | $216.1M | $336.1M | ||
| Q1 25 | $281.5M | $301.7M | ||
| Q4 24 | $1.1B | $430.6M | ||
| Q3 24 | $316.2M | $421.6M | ||
| Q2 24 | $218.9M | $349.2M | ||
| Q1 24 | $314.9M | $300.1M |
自由现金流ESSMSCI
| Q4 25 | — | $488.7M | ||
| Q3 25 | — | $445.5M | ||
| Q2 25 | — | $324.7M | ||
| Q1 25 | — | $290.2M | ||
| Q4 24 | — | $416.4M | ||
| Q3 24 | — | $415.0M | ||
| Q2 24 | — | $340.6M | ||
| Q1 24 | — | $295.9M |
自由现金流率ESSMSCI
| Q4 25 | — | 59.4% | ||
| Q3 25 | — | 56.2% | ||
| Q2 25 | — | 42.0% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 56.0% | ||
| Q3 24 | — | 57.3% | ||
| Q2 24 | — | 48.1% | ||
| Q1 24 | — | 43.5% |
资本支出强度ESSMSCI
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 0.6% |
现金转化率ESSMSCI
| Q4 25 | 12.53× | 1.76× | ||
| Q3 25 | 1.98× | 1.38× | ||
| Q2 25 | 0.93× | 1.11× | ||
| Q1 25 | 1.32× | 1.05× | ||
| Q4 24 | 3.54× | 1.41× | ||
| Q3 24 | 2.52× | 1.50× | ||
| Q2 24 | 2.21× | 1.31× | ||
| Q1 24 | 1.10× | 1.17× |
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
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
