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Essex Property Trust（ESS）与RH（RH）财务数据对比。点击上方公司名可切换其他公司
RH的季度营收约是Essex Property Trust的1.8倍（$883.8M vs $479.6M），Essex Property Trust净利率更高（17.9% vs 4.1%，领先13.8%），RH同比增速更快（8.9% vs 5.5%），过去两年RH的营收复合增速更高（9.4% 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。
RH是美国高端家居品牌，总部位于加利福尼亚州科尔特马德拉。品牌通过线下零售门店、产品目录和线上渠道发售家居商品，截至2018年8月，在美国和加拿大共运营70家展示馆、18家全系列设计展示馆、3家婴童家居展示馆，另有36家奥莱门店。
ESS vs RH — 直观对比
营收规模更大
RH
是对方的1.8倍
$479.6M
营收增速更快
RH
高出3.3%
5.5%
净利率更高
ESS
高出13.8%
4.1%
两年增速更快
RH
近两年复合增速
6.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $479.6M | $883.8M |
| 净利润 | $85.7M | $36.3M |
| 毛利率 | 70.0% | 44.1% |
| 营业利润率 | 31.7% | 12.0% |
| 净利率 | 17.9% | 4.1% |
| 营收同比 | 5.5% | 8.9% |
| 净利润同比 | -71.6% | 9.3% |
| 每股收益（稀释后） | $1.24 | $1.83 |
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ESSRH
| Q4 25 | $479.6M | $883.8M | ||
| Q3 25 | $473.3M | $899.2M | ||
| Q2 25 | $469.8M | $814.0M | ||
| Q1 25 | $464.6M | $812.4M | ||
| Q4 24 | $454.5M | $811.7M | ||
| Q3 24 | $450.7M | $829.7M | ||
| Q2 24 | $442.4M | $727.0M | ||
| Q1 24 | $426.9M | $738.3M |
净利润ESSRH
| Q4 25 | $85.7M | $36.3M | ||
| Q3 25 | $172.7M | $51.7M | ||
| Q2 25 | $231.5M | $8.0M | ||
| Q1 25 | $212.8M | $13.9M | ||
| Q4 24 | $301.7M | $33.2M | ||
| Q3 24 | $125.5M | $29.0M | ||
| Q2 24 | $99.0M | $-3.6M | ||
| Q1 24 | $285.1M | $11.4M |
毛利率ESSRH
| Q4 25 | 70.0% | 44.1% | ||
| Q3 25 | 69.2% | 45.5% | ||
| Q2 25 | 70.7% | 43.7% | ||
| Q1 25 | 69.6% | 44.7% | ||
| Q4 24 | 70.0% | 44.5% | ||
| Q3 24 | 69.5% | 45.2% | ||
| Q2 24 | 70.8% | 43.5% | ||
| Q1 24 | 69.7% | 43.5% |
营业利润率ESSRH
| Q4 25 | 31.7% | 12.0% | ||
| Q3 25 | 44.5% | 14.3% | ||
| Q2 25 | 59.5% | 6.9% | ||
| Q1 25 | 55.3% | 8.7% | ||
| Q4 24 | 67.0% | 12.5% | ||
| Q3 24 | 28.6% | 11.6% | ||
| Q2 24 | 31.1% | 7.5% | ||
| Q1 24 | 31.0% | 8.7% |
净利率ESSRH
| Q4 25 | 17.9% | 4.1% | ||
| Q3 25 | 36.5% | 5.8% | ||
| Q2 25 | 49.3% | 1.0% | ||
| Q1 25 | 45.8% | 1.7% | ||
| Q4 24 | 66.4% | 4.1% | ||
| Q3 24 | 27.8% | 3.5% | ||
| Q2 24 | 22.4% | -0.5% | ||
| Q1 24 | 66.8% | 1.5% |
每股收益（稀释后）ESSRH
| Q4 25 | $1.24 | $1.83 | ||
| Q3 25 | $2.56 | $2.62 | ||
| Q2 25 | $3.44 | $0.40 | ||
| Q1 25 | $3.16 | $0.71 | ||
| Q4 24 | $4.00 | $1.66 | ||
| Q3 24 | $1.84 | $1.45 | ||
| Q2 24 | $1.45 | $-0.20 | ||
| Q1 24 | $4.25 | $0.91 |
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 | $43.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.5B | $3.3M |
| 总资产 | $13.2B | $4.8B |
| 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ESSRH
| Q4 25 | $76.2M | $43.1M | ||
| Q3 25 | $66.0M | $34.6M | ||
| Q2 25 | $58.7M | $46.1M | ||
| Q1 25 | $98.7M | $30.4M | ||
| Q4 24 | $66.8M | $87.0M | ||
| Q3 24 | $71.3M | $78.3M | ||
| Q2 24 | $55.2M | $101.8M | ||
| Q1 24 | $499.0M | $123.7M |
总债务ESSRH
| Q4 25 | — | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.6B | — |
股东权益ESSRH
| Q4 25 | $5.5B | $3.3M | ||
| Q3 25 | $5.6B | $-40.9M | ||
| Q2 25 | $5.6B | $-110.8M | ||
| Q1 25 | $5.6B | $-163.6M | ||
| Q4 24 | $5.5B | $-183.0M | ||
| Q3 24 | $5.4B | $-234.7M | ||
| Q2 24 | $5.5B | $-289.9M | ||
| Q1 24 | $5.5B | $-297.4M |
总资产ESSRH
| Q4 25 | $13.2B | $4.8B | ||
| Q3 25 | $13.2B | $4.7B | ||
| Q2 25 | $13.2B | $4.7B | ||
| Q1 25 | $13.2B | $4.6B | ||
| Q4 24 | $12.9B | $4.5B | ||
| Q3 24 | $12.6B | $4.4B | ||
| Q2 24 | $12.5B | $4.2B | ||
| Q1 24 | $12.9B | $4.1B |
负债/权益比ESSRH
| 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 | $131.9M |
| 自由现金流经营现金流 - 资本支出 | — | $83.0M |
| 自由现金流率自由现金流/营收 | — | 9.4% |
| 资本支出强度资本支出/营收 | — | 5.5% |
| 现金转化率经营现金流/净利润 | 12.53× | 3.64× |
| 过去12个月自由现金流最近4个季度 | — | $128.1M |
8季度趋势，按日历期对齐
经营现金流ESSRH
| Q4 25 | $1.1B | $131.9M | ||
| Q3 25 | $342.6M | $137.7M | ||
| Q2 25 | $216.1M | $86.6M | ||
| Q1 25 | $281.5M | $-18.8M | ||
| Q4 24 | $1.1B | $-31.4M | ||
| Q3 24 | $316.2M | $11.2M | ||
| Q2 24 | $218.9M | $56.1M | ||
| Q1 24 | $314.9M | $-114.0M |
自由现金流ESSRH
| Q4 25 | — | $83.0M | ||
| Q3 25 | — | $80.7M | ||
| Q2 25 | — | $34.1M | ||
| Q1 25 | — | $-69.7M | ||
| Q4 24 | — | $-96.0M | ||
| Q3 24 | — | $-37.9M | ||
| Q2 24 | — | $-10.1M | ||
| Q1 24 | — | $-251.5M |
自由现金流率ESSRH
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | -8.6% | ||
| Q4 24 | — | -11.8% | ||
| Q3 24 | — | -4.6% | ||
| Q2 24 | — | -1.4% | ||
| Q1 24 | — | -34.1% |
资本支出强度ESSRH
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 6.3% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 5.9% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | 18.6% |
现金转化率ESSRH
| Q4 25 | 12.53× | 3.64× | ||
| Q3 25 | 1.98× | 2.66× | ||
| Q2 25 | 0.93× | 10.78× | ||
| Q1 25 | 1.32× | -1.35× | ||
| Q4 24 | 3.54× | -0.95× | ||
| Q3 24 | 2.52× | 0.39× | ||
| Q2 24 | 2.21× | — | ||
| Q1 24 | 1.10× | -10.01× |
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
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
