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Essex Property Trust（ESS）与罗塞塔石碑（STEP）财务数据对比。点击上方公司名可切换其他公司
罗塞塔石碑的季度营收约是Essex Property Trust的1.2倍（$586.5M vs $479.6M），Essex Property Trust净利率更高（17.9% vs -21.0%，领先38.9%），罗塞塔石碑同比增速更快（73.0% vs 5.5%），过去两年罗塞塔石碑的营收复合增速更高（28.2% 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。
罗塞塔石碑是美国教育科技软件企业，开发语言学习、读写能力提升及脑训练类软件，旗下语言学习产品知名度极高。2013年公司收购Livemocha、Lexia Learning等品牌拓展教育科技业务矩阵，2021年正式成为IXL Learning的子公司。
ESS vs STEP — 直观对比
营收规模更大
STEP
是对方的1.2倍
$479.6M
营收增速更快
STEP
高出67.5%
5.5%
净利率更高
ESS
高出38.9%
-21.0%
两年增速更快
STEP
近两年复合增速
6.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $479.6M | $586.5M |
| 净利润 | $85.7M | $-123.5M |
| 毛利率 | 70.0% | — |
| 营业利润率 | 31.7% | -33.2% |
| 净利率 | 17.9% | -21.0% |
| 营收同比 | 5.5% | 73.0% |
| 净利润同比 | -71.6% | 35.7% |
| 每股收益（稀释后） | $1.24 | $-1.55 |
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ESSSTEP
| Q4 25 | $479.6M | $586.5M | ||
| Q3 25 | $473.3M | $454.2M | ||
| Q2 25 | $469.8M | $364.3M | ||
| Q1 25 | $464.6M | $377.7M | ||
| Q4 24 | $454.5M | $339.0M | ||
| Q3 24 | $450.7M | $271.7M | ||
| Q2 24 | $442.4M | $186.4M | ||
| Q1 24 | $426.9M | $356.8M |
净利润ESSSTEP
| Q4 25 | $85.7M | $-123.5M | ||
| Q3 25 | $172.7M | $-366.1M | ||
| Q2 25 | $231.5M | $-38.4M | ||
| Q1 25 | $212.8M | $-18.5M | ||
| Q4 24 | $301.7M | $-192.0M | ||
| Q3 24 | $125.5M | $17.6M | ||
| Q2 24 | $99.0M | $13.3M | ||
| Q1 24 | $285.1M | $30.8M |
毛利率ESSSTEP
| 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ESSSTEP
| Q4 25 | 31.7% | -33.2% | ||
| Q3 25 | 44.5% | -148.8% | ||
| Q2 25 | 59.5% | -5.6% | ||
| Q1 25 | 55.3% | 2.6% | ||
| Q4 24 | 67.0% | -101.7% | ||
| Q3 24 | 28.6% | 21.3% | ||
| Q2 24 | 31.1% | 29.4% | ||
| Q1 24 | 31.0% | 26.5% |
净利率ESSSTEP
| Q4 25 | 17.9% | -21.0% | ||
| Q3 25 | 36.5% | -80.6% | ||
| Q2 25 | 49.3% | -10.5% | ||
| Q1 25 | 45.8% | -4.9% | ||
| Q4 24 | 66.4% | -56.6% | ||
| Q3 24 | 27.8% | 6.5% | ||
| Q2 24 | 22.4% | 7.2% | ||
| Q1 24 | 66.8% | 8.6% |
每股收益（稀释后）ESSSTEP
| Q4 25 | $1.24 | $-1.55 | ||
| Q3 25 | $2.56 | $-4.66 | ||
| Q2 25 | $3.44 | $-0.49 | ||
| Q1 25 | $3.16 | $-0.37 | ||
| Q4 24 | $4.00 | $-2.61 | ||
| Q3 24 | $1.84 | $0.26 | ||
| Q2 24 | $1.45 | $0.20 | ||
| Q1 24 | $4.25 | $0.47 |
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 | — | $270.2M |
| 股东权益账面价值 | $5.5B | $-378.8M |
| 总资产 | $13.2B | $5.2B |
| 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ESSSTEP
| Q4 25 | $76.2M | — | ||
| Q3 25 | $66.0M | — | ||
| Q2 25 | $58.7M | — | ||
| Q1 25 | $98.7M | — | ||
| Q4 24 | $66.8M | — | ||
| Q3 24 | $71.3M | — | ||
| Q2 24 | $55.2M | — | ||
| Q1 24 | $499.0M | — |
总债务ESSSTEP
| Q4 25 | — | $270.2M | ||
| Q3 25 | $6.4B | $269.9M | ||
| Q2 25 | $6.4B | $269.6M | ||
| Q1 25 | $6.8B | $269.3M | ||
| Q4 24 | — | $168.9M | ||
| Q3 24 | $6.4B | $172.3M | ||
| Q2 24 | $6.2B | $172.1M | ||
| Q1 24 | $6.6B | $148.8M |
股东权益ESSSTEP
| Q4 25 | $5.5B | $-378.8M | ||
| Q3 25 | $5.6B | $-233.5M | ||
| Q2 25 | $5.6B | $153.9M | ||
| Q1 25 | $5.6B | $179.4M | ||
| Q4 24 | $5.5B | $209.8M | ||
| Q3 24 | $5.4B | $397.5M | ||
| Q2 24 | $5.5B | $366.9M | ||
| Q1 24 | $5.5B | $324.5M |
总资产ESSSTEP
| Q4 25 | $13.2B | $5.2B | ||
| Q3 25 | $13.2B | $5.3B | ||
| Q2 25 | $13.2B | $4.8B | ||
| Q1 25 | $13.2B | $4.6B | ||
| Q4 24 | $12.9B | $4.3B | ||
| Q3 24 | $12.6B | $4.0B | ||
| Q2 24 | $12.5B | $3.8B | ||
| Q1 24 | $12.9B | $3.8B |
负债/权益比ESSSTEP
| Q4 25 | — | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | 1.75× | ||
| Q1 25 | 1.22× | 1.50× | ||
| Q4 24 | — | 0.81× | ||
| Q3 24 | 1.18× | 0.43× | ||
| Q2 24 | 1.13× | 0.47× | ||
| Q1 24 | 1.19× | 0.46× |
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 | $27.2M |
| 自由现金流经营现金流 - 资本支出 | — | $26.7M |
| 自由现金流率自由现金流/营收 | — | 4.6% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 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 | — | $18.6M |
8季度趋势，按日历期对齐
经营现金流ESSSTEP
| Q4 25 | $1.1B | $27.2M | ||
| Q3 25 | $342.6M | $16.2M | ||
| Q2 25 | $216.1M | $46.3M | ||
| Q1 25 | $281.5M | $-66.5M | ||
| Q4 24 | $1.1B | $27.6M | ||
| Q3 24 | $316.2M | $53.7M | ||
| Q2 24 | $218.9M | $50.2M | ||
| Q1 24 | $314.9M | $7.6M |
自由现金流ESSSTEP
| Q4 25 | — | $26.7M | ||
| Q3 25 | — | $15.9M | ||
| Q2 25 | — | $45.2M | ||
| Q1 25 | — | $-69.2M | ||
| Q4 24 | — | $27.0M | ||
| Q3 24 | — | $52.4M | ||
| Q2 24 | — | $49.6M | ||
| Q1 24 | — | $6.7M |
自由现金流率ESSSTEP
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | — | -18.3% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 26.6% | ||
| Q1 24 | — | 1.9% |
资本支出强度ESSSTEP
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
现金转化率ESSSTEP
| Q4 25 | 12.53× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 2.52× | 3.05× | ||
| Q2 24 | 2.21× | 3.76× | ||
| Q1 24 | 1.10× | 0.25× |
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
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
