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Essex Property Trust（ESS）与ADVANCED DRAINAGE SYSTEMS, INC.（WMS）财务数据对比。点击上方公司名可切换其他公司
ADVANCED DRAINAGE SYSTEMS, INC.的季度营收约是Essex Property Trust的1.4倍（$693.4M vs $479.6M），Essex Property Trust净利率更高（17.9% vs 13.5%，领先4.4%），Essex Property Trust同比增速更快（5.5% vs 0.4%），过去两年Essex Property Trust的营收复合增速更高（6.0% vs 3.0%）
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。
Advanced Drainage Systems（简称ADS）是一家美国企业，主营聚丙烯、聚乙烯管材，塑料渗滤场系统、化粪池及配套配件、雨水调蓄设施、PVC排水构件、管件、水过滤与分离设备的设计、生产及销售，是美国规模最大的高密度聚乙烯管道生产商，总部位于俄亥俄州希利厄德。
ESS vs WMS — 直观对比
营收规模更大
WMS
是对方的1.4倍
$479.6M
营收增速更快
ESS
高出5.1%
0.4%
净利率更高
ESS
高出4.4%
13.5%
两年增速更快
ESS
近两年复合增速
3.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $479.6M | $693.4M |
| 净利润 | $85.7M | $93.6M |
| 毛利率 | 70.0% | 37.4% |
| 营业利润率 | 31.7% | 19.7% |
| 净利率 | 17.9% | 13.5% |
| 营收同比 | 5.5% | 0.4% |
| 净利润同比 | -71.6% | 15.3% |
| 每股收益（稀释后） | $1.24 | $1.19 |
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ESSWMS
| Q4 25 | $479.6M | $693.4M | ||
| Q3 25 | $473.3M | $850.4M | ||
| Q2 25 | $469.8M | $829.9M | ||
| Q1 25 | $464.6M | $615.8M | ||
| Q4 24 | $454.5M | $690.5M | ||
| Q3 24 | $450.7M | $782.6M | ||
| Q2 24 | $442.4M | $815.3M | ||
| Q1 24 | $426.9M | $653.8M |
净利润ESSWMS
| Q4 25 | $85.7M | $93.6M | ||
| Q3 25 | $172.7M | $156.0M | ||
| Q2 25 | $231.5M | $143.9M | ||
| Q1 25 | $212.8M | $77.2M | ||
| Q4 24 | $301.7M | $81.2M | ||
| Q3 24 | $125.5M | $130.4M | ||
| Q2 24 | $99.0M | $161.4M | ||
| Q1 24 | $285.1M | $94.8M |
毛利率ESSWMS
| Q4 25 | 70.0% | 37.4% | ||
| Q3 25 | 69.2% | 40.0% | ||
| Q2 25 | 70.7% | 39.8% | ||
| Q1 25 | 69.6% | 36.7% | ||
| Q4 24 | 70.0% | 35.0% | ||
| Q3 24 | 69.5% | 37.6% | ||
| Q2 24 | 70.8% | 40.8% | ||
| Q1 24 | 69.7% | 38.5% |
营业利润率ESSWMS
| Q4 25 | 31.7% | 19.7% | ||
| Q3 25 | 44.5% | 26.3% | ||
| Q2 25 | 59.5% | 24.8% | ||
| Q1 25 | 55.3% | 19.0% | ||
| Q4 24 | 67.0% | 18.4% | ||
| Q3 24 | 28.6% | 23.9% | ||
| Q2 24 | 31.1% | 27.7% | ||
| Q1 24 | 31.0% | 20.7% |
净利率ESSWMS
| Q4 25 | 17.9% | 13.5% | ||
| Q3 25 | 36.5% | 18.3% | ||
| Q2 25 | 49.3% | 17.3% | ||
| Q1 25 | 45.8% | 12.5% | ||
| Q4 24 | 66.4% | 11.8% | ||
| Q3 24 | 27.8% | 16.7% | ||
| Q2 24 | 22.4% | 19.8% | ||
| Q1 24 | 66.8% | 14.5% |
每股收益（稀释后）ESSWMS
| Q4 25 | $1.24 | $1.19 | ||
| Q3 25 | $2.56 | $1.99 | ||
| Q2 25 | $3.44 | $1.84 | ||
| Q1 25 | $3.16 | $0.99 | ||
| Q4 24 | $4.00 | $1.04 | ||
| Q3 24 | $1.84 | $1.67 | ||
| Q2 24 | $1.45 | $2.06 | ||
| Q1 24 | $4.25 | $1.22 |
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 | $1.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.5B | $1.9B |
| 总资产 | $13.2B | $4.1B |
| 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ESSWMS
| Q4 25 | $76.2M | $1.0B | ||
| Q3 25 | $66.0M | $812.9M | ||
| Q2 25 | $58.7M | $638.3M | ||
| Q1 25 | $98.7M | $463.3M | ||
| Q4 24 | $66.8M | $488.9M | ||
| Q3 24 | $71.3M | $613.0M | ||
| Q2 24 | $55.2M | $541.6M | ||
| Q1 24 | $499.0M | $490.2M |
总债务ESSWMS
| Q4 25 | — | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.8B | $1.3B | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.6B | $1.3B |
股东权益ESSWMS
| Q4 25 | $5.5B | $1.9B | ||
| Q3 25 | $5.6B | $1.8B | ||
| Q2 25 | $5.6B | $1.7B | ||
| Q1 25 | $5.6B | $1.5B | ||
| Q4 24 | $5.5B | $1.5B | ||
| Q3 24 | $5.4B | $1.4B | ||
| Q2 24 | $5.5B | $1.3B | ||
| Q1 24 | $5.5B | $1.2B |
总资产ESSWMS
| Q4 25 | $13.2B | $4.1B | ||
| Q3 25 | $13.2B | $4.1B | ||
| Q2 25 | $13.2B | $3.9B | ||
| Q1 25 | $13.2B | $3.7B | ||
| Q4 24 | $12.9B | $3.6B | ||
| Q3 24 | $12.6B | $3.5B | ||
| Q2 24 | $12.5B | $3.4B | ||
| Q1 24 | $12.9B | $3.3B |
负债/权益比ESSWMS
| Q4 25 | — | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | 0.83× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 1.19× | 1.11× |
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 | $269.3M |
| 自由现金流经营现金流 - 资本支出 | — | $183.6M |
| 自由现金流率自由现金流/营收 | — | 26.5% |
| 资本支出强度资本支出/营收 | — | 12.4% |
| 现金转化率经营现金流/净利润 | 12.53× | 2.88× |
| 过去12个月自由现金流最近4个季度 | — | $577.1M |
8季度趋势，按日历期对齐
经营现金流ESSWMS
| Q4 25 | $1.1B | $269.3M | ||
| Q3 25 | $342.6M | $234.9M | ||
| Q2 25 | $216.1M | $275.0M | ||
| Q1 25 | $281.5M | $41.2M | ||
| Q4 24 | $1.1B | $189.9M | ||
| Q3 24 | $316.2M | $166.9M | ||
| Q2 24 | $218.9M | $183.4M | ||
| Q1 24 | $314.9M | $17.7M |
自由现金流ESSWMS
| Q4 25 | — | $183.6M | ||
| Q3 25 | — | $176.4M | ||
| Q2 25 | — | $222.4M | ||
| Q1 25 | — | $-5.3M | ||
| Q4 24 | — | $135.7M | ||
| Q3 24 | — | $112.4M | ||
| Q2 24 | — | $125.7M | ||
| Q1 24 | — | $-29.8M |
自由现金流率ESSWMS
| Q4 25 | — | 26.5% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 26.8% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | 19.7% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 15.4% | ||
| Q1 24 | — | -4.6% |
资本支出强度ESSWMS
| Q4 25 | — | 12.4% | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | 7.3% |
现金转化率ESSWMS
| Q4 25 | 12.53× | 2.88× | ||
| Q3 25 | 1.98× | 1.51× | ||
| Q2 25 | 0.93× | 1.91× | ||
| Q1 25 | 1.32× | 0.53× | ||
| Q4 24 | 3.54× | 2.34× | ||
| Q3 24 | 2.52× | 1.28× | ||
| Q2 24 | 2.21× | 1.14× | ||
| Q1 24 | 1.10× | 0.19× |
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
WMS
| Reportable Segment Aggregation Before Other Operating Segment | $557.3M | 80% |
| Other | $85.5M | 12% |
| Pipe | $35.5M | 5% |
| Allied Products And Other | $15.0M | 2% |
