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Essex Property Trust（ESS）与VSE CORP（VSEC）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VSE CORP的1.6倍（$479.6M vs $301.2M），Essex Property Trust净利率更高（17.9% vs 4.5%，领先13.4%），Essex Property Trust同比增速更快（5.5% vs 0.7%），过去两年VSE CORP的营收复合增速更高（11.7% 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。
VSE Corporation是全球领先的后市场分销与维修服务供应商，依托两大核心业务板块助力客户提升高价值核心业务资产的运营效率与使用寿命。旗下航空板块为商用、公务及通用航空运营商提供售后零件配送、零部件与发动机附件的维护、维修及大修（MRO）服务，车队板块聚焦商用资产运维支持。
ESS vs VSEC — 直观对比
营收规模更大
ESS
是对方的1.6倍
$301.2M
营收增速更快
ESS
高出4.8%
0.7%
净利率更高
ESS
高出13.4%
4.5%
两年增速更快
VSEC
近两年复合增速
6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $479.6M | $301.2M |
| 净利润 | $85.7M | $13.6M |
| 毛利率 | 70.0% | — |
| 营业利润率 | 31.7% | 10.8% |
| 净利率 | 17.9% | 4.5% |
| 营收同比 | 5.5% | 0.7% |
| 净利润同比 | -71.6% | 3.9% |
| 每股收益（稀释后） | $1.24 | $0.64 |
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ESSVSEC
| Q4 25 | $479.6M | $301.2M | ||
| Q3 25 | $473.3M | $282.9M | ||
| Q2 25 | $469.8M | $272.1M | ||
| Q1 25 | $464.6M | $256.0M | ||
| Q4 24 | $454.5M | $299.0M | ||
| Q3 24 | $450.7M | $273.6M | ||
| Q2 24 | $442.4M | $266.0M | ||
| Q1 24 | $426.9M | $241.5M |
净利润ESSVSEC
| Q4 25 | $85.7M | $13.6M | ||
| Q3 25 | $172.7M | $3.9M | ||
| Q2 25 | $231.5M | $3.2M | ||
| Q1 25 | $212.8M | $-9.0M | ||
| Q4 24 | $301.7M | $13.1M | ||
| Q3 24 | $125.5M | $11.7M | ||
| Q2 24 | $99.0M | $-2.8M | ||
| Q1 24 | $285.1M | $-6.6M |
毛利率ESSVSEC
| 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ESSVSEC
| Q4 25 | 31.7% | 10.8% | ||
| Q3 25 | 44.5% | 3.6% | ||
| Q2 25 | 59.5% | 8.3% | ||
| Q1 25 | 55.3% | 9.6% | ||
| Q4 24 | 67.0% | 9.2% | ||
| Q3 24 | 28.6% | 8.7% | ||
| Q2 24 | 31.1% | 2.3% | ||
| Q1 24 | 31.0% | 10.0% |
净利率ESSVSEC
| Q4 25 | 17.9% | 4.5% | ||
| Q3 25 | 36.5% | 1.4% | ||
| Q2 25 | 49.3% | 1.2% | ||
| Q1 25 | 45.8% | -3.5% | ||
| Q4 24 | 66.4% | 4.4% | ||
| Q3 24 | 27.8% | 4.3% | ||
| Q2 24 | 22.4% | -1.0% | ||
| Q1 24 | 66.8% | -2.7% |
每股收益（稀释后）ESSVSEC
| Q4 25 | $1.24 | $0.64 | ||
| Q3 25 | $2.56 | $0.19 | ||
| Q2 25 | $3.44 | $0.16 | ||
| Q1 25 | $3.16 | $-0.44 | ||
| Q4 24 | $4.00 | $0.79 | ||
| Q3 24 | $1.84 | $0.63 | ||
| Q2 24 | $1.45 | $-0.16 | ||
| Q1 24 | $4.25 | $-0.41 |
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 | $69.4M |
| 总债务越低越好 | — | $292.8M |
| 股东权益账面价值 | $5.5B | $1.4B |
| 总资产 | $13.2B | $2.0B |
| 负债/权益比越低杠杆越低 | — | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资ESSVSEC
| Q4 25 | $76.2M | $69.4M | ||
| Q3 25 | $66.0M | $8.8M | ||
| Q2 25 | $58.7M | $16.9M | ||
| Q1 25 | $98.7M | $5.7M | ||
| Q4 24 | $66.8M | $29.0M | ||
| Q3 24 | $71.3M | $7.9M | ||
| Q2 24 | $55.2M | $19.0M | ||
| Q1 24 | $499.0M | $10.6M |
总债务ESSVSEC
| Q4 25 | — | $292.8M | ||
| Q3 25 | $6.4B | $356.1M | ||
| Q2 25 | $6.4B | $379.2M | ||
| Q1 25 | $6.8B | $465.0M | ||
| Q4 24 | — | $430.2M | ||
| Q3 24 | $6.4B | $450.3M | ||
| Q2 24 | $6.2B | $463.5M | ||
| Q1 24 | $6.6B | $481.6M |
股东权益ESSVSEC
| Q4 25 | $5.5B | $1.4B | ||
| Q3 25 | $5.6B | $983.3M | ||
| Q2 25 | $5.6B | $979.5M | ||
| Q1 25 | $5.6B | $975.7M | ||
| Q4 24 | $5.5B | $988.2M | ||
| Q3 24 | $5.4B | $787.8M | ||
| Q2 24 | $5.5B | $781.3M | ||
| Q1 24 | $5.5B | $612.7M |
总资产ESSVSEC
| Q4 25 | $13.2B | $2.0B | ||
| Q3 25 | $13.2B | $1.6B | ||
| Q2 25 | $13.2B | $1.6B | ||
| Q1 25 | $13.2B | $1.7B | ||
| Q4 24 | $12.9B | $1.7B | ||
| Q3 24 | $12.6B | $1.5B | ||
| Q2 24 | $12.5B | $1.5B | ||
| Q1 24 | $12.9B | $1.3B |
负债/权益比ESSVSEC
| Q4 25 | — | 0.20× | ||
| Q3 25 | 1.15× | 0.36× | ||
| Q2 25 | 1.14× | 0.39× | ||
| Q1 25 | 1.22× | 0.48× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | 1.18× | 0.57× | ||
| Q2 24 | 1.13× | 0.59× | ||
| Q1 24 | 1.19× | 0.79× |
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 | $37.6M |
| 自由现金流经营现金流 - 资本支出 | — | $30.9M |
| 自由现金流率自由现金流/营收 | — | 10.3% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | 12.53× | 2.77× |
| 过去12个月自由现金流最近4个季度 | — | $5.7M |
8季度趋势，按日历期对齐
经营现金流ESSVSEC
| Q4 25 | $1.1B | $37.6M | ||
| Q3 25 | $342.6M | $24.1M | ||
| Q2 25 | $216.1M | $11.9M | ||
| Q1 25 | $281.5M | $-46.6M | ||
| Q4 24 | $1.1B | $55.4M | ||
| Q3 24 | $316.2M | $10.2M | ||
| Q2 24 | $218.9M | $-17.5M | ||
| Q1 24 | $314.9M | $-79.1M |
自由现金流ESSVSEC
| Q4 25 | — | $30.9M | ||
| Q3 25 | — | $18.0M | ||
| Q2 25 | — | $6.3M | ||
| Q1 25 | — | $-49.5M | ||
| Q4 24 | — | $52.1M | ||
| Q3 24 | — | $4.4M | ||
| Q2 24 | — | $-21.5M | ||
| Q1 24 | — | $-86.8M |
自由现金流率ESSVSEC
| Q4 25 | — | 10.3% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | -19.3% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | -8.1% | ||
| Q1 24 | — | -35.9% |
资本支出强度ESSVSEC
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 3.2% |
现金转化率ESSVSEC
| Q4 25 | 12.53× | 2.77× | ||
| Q3 25 | 1.98× | 6.16× | ||
| Q2 25 | 0.93× | 3.72× | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 3.54× | 4.24× | ||
| Q3 24 | 2.52× | 0.87× | ||
| 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
