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Essex Property Trust（ESS）与Sphere Entertainment Co.（SPHR）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Sphere Entertainment Co.的1.2倍（$479.6M vs $393.8M），Essex Property Trust净利率更高（17.9% vs 16.4%，领先1.4%），过去两年Sphere Entertainment Co.的营收复合增速更高（12.1% 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。
Sphere Entertainment Co.是总部位于纽约的美国娱乐控股企业，由查尔斯·多兰家族掌控，旗下拥有位于内华达州拉斯维加斯谷帕拉代斯的Sphere演艺场馆，以及总部位于纽约的区域体育网络连锁品牌MSG Networks。
ESS vs SPHR — 直观对比
营收规模更大
ESS
是对方的1.2倍
$393.8M
净利率更高
ESS
高出1.4%
16.4%
两年增速更快
SPHR
近两年复合增速
6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $479.6M | $393.8M |
| 净利润 | $85.7M | $64.7M |
| 毛利率 | 70.0% | — |
| 营业利润率 | 31.7% | 7.3% |
| 净利率 | 17.9% | 16.4% |
| 营收同比 | 5.5% | — |
| 净利润同比 | -71.6% | — |
| 每股收益（稀释后） | $1.24 | $2.42 |
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ESSSPHR
| Q4 25 | $479.6M | $393.8M | ||
| Q3 25 | $473.3M | $262.1M | ||
| Q2 25 | $469.8M | $282.2M | ||
| Q1 25 | $464.6M | $280.1M | ||
| Q4 24 | $454.5M | — | ||
| Q3 24 | $450.7M | $227.1M | ||
| Q2 24 | $442.4M | $272.6M | ||
| Q1 24 | $426.9M | $320.6M |
净利润ESSSPHR
| Q4 25 | $85.7M | $64.7M | ||
| Q3 25 | $172.7M | $-101.2M | ||
| Q2 25 | $231.5M | $151.8M | ||
| Q1 25 | $212.8M | $-82.0M | ||
| Q4 24 | $301.7M | — | ||
| Q3 24 | $125.5M | $-105.3M | ||
| Q2 24 | $99.0M | $-46.6M | ||
| Q1 24 | $285.1M | $-47.2M |
毛利率ESSSPHR
| 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ESSSPHR
| Q4 25 | 31.7% | 7.3% | ||
| Q3 25 | 44.5% | -49.5% | ||
| Q2 25 | 59.5% | -17.8% | ||
| Q1 25 | 55.3% | -28.1% | ||
| Q4 24 | 67.0% | — | ||
| Q3 24 | 28.6% | -51.8% | ||
| Q2 24 | 31.1% | -66.3% | ||
| Q1 24 | 31.0% | -12.6% |
净利率ESSSPHR
| Q4 25 | 17.9% | 16.4% | ||
| Q3 25 | 36.5% | -38.6% | ||
| Q2 25 | 49.3% | 53.8% | ||
| Q1 25 | 45.8% | -29.3% | ||
| Q4 24 | 66.4% | — | ||
| Q3 24 | 27.8% | -46.4% | ||
| Q2 24 | 22.4% | -17.1% | ||
| Q1 24 | 66.8% | -14.7% |
每股收益（稀释后）ESSSPHR
| Q4 25 | $1.24 | $2.42 | ||
| Q3 25 | $2.56 | $-2.80 | ||
| Q2 25 | $3.44 | $3.39 | ||
| Q1 25 | $3.16 | $-2.27 | ||
| Q4 24 | $4.00 | — | ||
| Q3 24 | $1.84 | $-2.95 | ||
| Q2 24 | $1.45 | $-1.33 | ||
| Q1 24 | $4.25 | $-1.33 |
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 | — |
| 总债务越低越好 | — | $692.7M |
| 股东权益账面价值 | $5.5B | $2.2B |
| 总资产 | $13.2B | $4.2B |
| 负债/权益比越低杠杆越低 | — | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资ESSSPHR
| Q4 25 | $76.2M | — | ||
| Q3 25 | $66.0M | $384.8M | ||
| Q2 25 | $58.7M | $355.7M | ||
| Q1 25 | $98.7M | $465.0M | ||
| Q4 24 | $66.8M | — | ||
| Q3 24 | $71.3M | — | ||
| Q2 24 | $55.2M | $559.8M | ||
| Q1 24 | $499.0M | — |
总债务ESSSPHR
| Q4 25 | — | $692.7M | ||
| Q3 25 | $6.4B | $733.8M | ||
| Q2 25 | $6.4B | $743.8M | ||
| Q1 25 | $6.8B | $1.3B | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.4B | $1.4B | ||
| Q2 24 | $6.2B | $1.4B | ||
| Q1 24 | $6.6B | $1.4B |
股东权益ESSSPHR
| Q4 25 | $5.5B | $2.2B | ||
| Q3 25 | $5.6B | $2.2B | ||
| Q2 25 | $5.6B | $2.3B | ||
| Q1 25 | $5.6B | $2.1B | ||
| Q4 24 | $5.5B | — | ||
| Q3 24 | $5.4B | $2.3B | ||
| Q2 24 | $5.5B | $2.4B | ||
| Q1 24 | $5.5B | $2.4B |
总资产ESSSPHR
| Q4 25 | $13.2B | $4.2B | ||
| Q3 25 | $13.2B | $4.1B | ||
| Q2 25 | $13.2B | $4.2B | ||
| Q1 25 | $13.2B | $4.4B | ||
| Q4 24 | $12.9B | — | ||
| Q3 24 | $12.6B | $4.6B | ||
| Q2 24 | $12.5B | — | ||
| Q1 24 | $12.9B | $4.9B |
负债/权益比ESSSPHR
| Q4 25 | — | 0.31× | ||
| Q3 25 | 1.15× | 0.34× | ||
| Q2 25 | 1.14× | 0.32× | ||
| Q1 25 | 1.22× | 0.62× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | 0.59× | ||
| Q2 24 | 1.13× | 0.57× | ||
| Q1 24 | 1.19× | 0.57× |
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 | $180.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 12.53× | 2.78× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ESSSPHR
| Q4 25 | $1.1B | $180.2M | ||
| Q3 25 | $342.6M | $115.8M | ||
| Q2 25 | $216.1M | $-59.1M | ||
| Q1 25 | $281.5M | $6.3M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $316.2M | $34.1M | ||
| Q2 24 | $218.9M | $-72.4M | ||
| Q1 24 | $314.9M | $101.0M |
现金转化率ESSSPHR
| Q4 25 | 12.53× | 2.78× | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 0.93× | -0.39× | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 3.54× | — | ||
| 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
SPHR
| Ticketing And Venue License Fee Revenues | $198.5M | 50% |
| Media Networks Revenue | $120.1M | 30% |
| Sponsorship Signage Exosphere Advertising And Suite Licenses | $32.2M | 8% |
| Food Beverage And Merchandise Revenues | $27.6M | 7% |
| Other | $13.2M | 3% |
| Related Party | $2.3M | 1% |
