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Essex Property Trust（ESS）与Tradeweb Markets Inc.（TW）财务数据对比。点击上方公司名可切换其他公司
Tradeweb Markets Inc.的季度营收约是Essex Property Trust的1.3倍（$617.8M vs $479.6M），Tradeweb Markets Inc.净利率更高（37.7% vs 17.9%，领先19.9%），Tradeweb Markets Inc.同比增速更快（21.2% vs 5.5%），过去两年Tradeweb Markets Inc.的营收复合增速更高（23.5% 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。
Tradeweb Markets Inc.总部位于美国纽约，运营面向机构投资者的电子交易平台，支持固定收益产品、ETF及衍生品交易，服务覆盖银行、资管机构、央行、养老基金、保险公司等超3000家客户。2024年其83%营收来自交易手续费及佣金，17%来自订阅费，52%营收来自利率相关产品。
ESS vs TW — 直观对比
营收规模更大
TW
是对方的1.3倍
$479.6M
营收增速更快
TW
高出15.7%
5.5%
净利率更高
TW
高出19.9%
17.9%
两年增速更快
TW
近两年复合增速
6.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $479.6M | $617.8M |
| 净利润 | $85.7M | $233.2M |
| 毛利率 | 70.0% | — |
| 营业利润率 | 31.7% | 46.5% |
| 净利率 | 17.9% | 37.7% |
| 营收同比 | 5.5% | 21.2% |
| 净利润同比 | -71.6% | 38.5% |
| 每股收益（稀释后） | $1.24 | $0.96 |
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ESSTW
| Q1 26 | — | $617.8M | ||
| Q4 25 | $479.6M | $521.2M | ||
| Q3 25 | $473.3M | $508.6M | ||
| Q2 25 | $469.8M | $513.0M | ||
| Q1 25 | $464.6M | $509.7M | ||
| Q4 24 | $454.5M | $463.3M | ||
| Q3 24 | $450.7M | $448.9M | ||
| Q2 24 | $442.4M | $405.0M |
净利润ESSTW
| Q1 26 | — | $233.2M | ||
| Q4 25 | $85.7M | $325.0M | ||
| Q3 25 | $172.7M | $185.6M | ||
| Q2 25 | $231.5M | $153.8M | ||
| Q1 25 | $212.8M | $148.4M | ||
| Q4 24 | $301.7M | $142.2M | ||
| Q3 24 | $125.5M | $113.9M | ||
| Q2 24 | $99.0M | $119.2M |
毛利率ESSTW
| Q1 26 | — | — | ||
| 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% | — |
营业利润率ESSTW
| Q1 26 | — | 46.5% | ||
| Q4 25 | 31.7% | 42.4% | ||
| Q3 25 | 44.5% | 41.4% | ||
| Q2 25 | 59.5% | 39.0% | ||
| Q1 25 | 55.3% | 40.0% | ||
| Q4 24 | 67.0% | 40.7% | ||
| Q3 24 | 28.6% | 35.5% | ||
| Q2 24 | 31.1% | 40.1% |
净利率ESSTW
| Q1 26 | — | 37.7% | ||
| Q4 25 | 17.9% | 62.4% | ||
| Q3 25 | 36.5% | 36.5% | ||
| Q2 25 | 49.3% | 30.0% | ||
| Q1 25 | 45.8% | 29.1% | ||
| Q4 24 | 66.4% | 30.7% | ||
| Q3 24 | 27.8% | 25.4% | ||
| Q2 24 | 22.4% | 29.4% |
每股收益（稀释后）ESSTW
| Q1 26 | — | $0.96 | ||
| Q4 25 | $1.24 | $1.52 | ||
| Q3 25 | $2.56 | $0.86 | ||
| Q2 25 | $3.44 | $0.71 | ||
| Q1 25 | $3.16 | $0.69 | ||
| Q4 24 | $4.00 | $0.66 | ||
| Q3 24 | $1.84 | $0.53 | ||
| Q2 24 | $1.45 | $0.55 |
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 | — | — |
| 股东权益账面价值 | $5.5B | — |
| 总资产 | $13.2B | — |
| 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ESSTW
| Q1 26 | — | — | ||
| Q4 25 | $76.2M | $2.1B | ||
| Q3 25 | $66.0M | $1.9B | ||
| Q2 25 | $58.7M | $1.6B | ||
| Q1 25 | $98.7M | $1.3B | ||
| Q4 24 | $66.8M | $1.3B | ||
| Q3 24 | $71.3M | $1.2B | ||
| Q2 24 | $55.2M | $1.7B |
总债务ESSTW
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — |
股东权益ESSTW
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $6.5B | ||
| Q3 25 | $5.6B | $6.3B | ||
| Q2 25 | $5.6B | $6.1B | ||
| Q1 25 | $5.6B | $5.9B | ||
| Q4 24 | $5.5B | $5.8B | ||
| Q3 24 | $5.4B | $5.7B | ||
| Q2 24 | $5.5B | $5.6B |
总资产ESSTW
| Q1 26 | — | — | ||
| Q4 25 | $13.2B | $8.2B | ||
| Q3 25 | $13.2B | $8.0B | ||
| Q2 25 | $13.2B | $8.1B | ||
| Q1 25 | $13.2B | $7.4B | ||
| Q4 24 | $12.9B | $7.3B | ||
| Q3 24 | $12.6B | $7.3B | ||
| Q2 24 | $12.5B | $7.3B |
负债/权益比ESSTW
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.13× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | $2.0M |
| 自由现金流率自由现金流/营收 | — | 0.3% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流ESSTW
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $355.9M | ||
| Q3 25 | $342.6M | $342.3M | ||
| Q2 25 | $216.1M | $409.2M | ||
| Q1 25 | $281.5M | $60.2M | ||
| Q4 24 | $1.1B | $282.0M | ||
| Q3 24 | $316.2M | $292.1M | ||
| Q2 24 | $218.9M | $285.7M |
自由现金流ESSTW
| Q1 26 | — | $2.0M | ||
| Q4 25 | — | $336.5M | ||
| Q3 25 | — | $328.3M | ||
| Q2 25 | — | $403.7M | ||
| Q1 25 | — | $58.6M | ||
| Q4 24 | — | $256.8M | ||
| Q3 24 | — | $287.8M | ||
| Q2 24 | — | $280.8M |
自由现金流率ESSTW
| Q1 26 | — | 0.3% | ||
| Q4 25 | — | 64.6% | ||
| Q3 25 | — | 64.5% | ||
| Q2 25 | — | 78.7% | ||
| Q1 25 | — | 11.5% | ||
| Q4 24 | — | 55.4% | ||
| Q3 24 | — | 64.1% | ||
| Q2 24 | — | 69.4% |
资本支出强度ESSTW
| Q1 26 | — | — | ||
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 1.2% |
现金转化率ESSTW
| Q1 26 | — | — | ||
| Q4 25 | 12.53× | 1.10× | ||
| Q3 25 | 1.98× | 1.84× | ||
| Q2 25 | 0.93× | 2.66× | ||
| Q1 25 | 1.32× | 0.41× | ||
| Q4 24 | 3.54× | 1.98× | ||
| Q3 24 | 2.52× | 2.56× | ||
| Q2 24 | 2.21× | 2.40× |
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
TW
| Transaction fees and commissions | $523.8M | 85% |
| Subscription fees | $60.3M | 10% |
| LSEG market data fees | $26.7M | 4% |
