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Extra Space Storage（EXR）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
Extra Space Storage的季度营收约是罗塞塔石碑的1.5倍（$856.0M vs $586.5M），Extra Space Storage净利率更高（28.2% vs -21.0%，领先49.2%），罗塞塔石碑同比增速更快（73.0% vs 4.4%），过去两年罗塞塔石碑的营收复合增速更高（28.2% vs 2.8%）
Extra Space Storage是总部位于美国犹他州卡顿伍德高地的房地产投资信托基金，主营自助仓储设施投资运营。旗下运营多个仓储品牌，提供温控仓、可驶入单元、储物柜、船只/房车/企业仓储等服务，截至2024年3月，在全美43个州及华盛顿特区共运营3714处网点。
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。
EXR vs STEP — 直观对比
营收规模更大
EXR
是对方的1.5倍
$586.5M
营收增速更快
STEP
高出68.6%
4.4%
净利率更高
EXR
高出49.2%
-21.0%
两年增速更快
STEP
近两年复合增速
2.8%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $856.0M | $586.5M |
| 净利润 | $241.0M | $-123.5M |
| 毛利率 | — | — |
| 营业利润率 | 42.9% | -33.2% |
| 净利率 | 28.2% | -21.0% |
| 营收同比 | 4.4% | 73.0% |
| 净利润同比 | -11.4% | 35.7% |
| 每股收益（稀释后） | $1.14 | $-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EXRSTEP
| Q1 26 | $856.0M | — | ||
| Q4 25 | $857.5M | $586.5M | ||
| Q3 25 | $858.5M | $454.2M | ||
| Q2 25 | $841.6M | $364.3M | ||
| Q1 25 | $820.0M | $377.7M | ||
| Q4 24 | $821.9M | $339.0M | ||
| Q3 24 | $824.8M | $271.7M | ||
| Q2 24 | $810.7M | $186.4M |
净利润EXRSTEP
| Q1 26 | $241.0M | — | ||
| Q4 25 | $287.4M | $-123.5M | ||
| Q3 25 | $166.0M | $-366.1M | ||
| Q2 25 | $249.7M | $-38.4M | ||
| Q1 25 | $270.9M | $-18.5M | ||
| Q4 24 | $262.5M | $-192.0M | ||
| Q3 24 | $193.2M | $17.6M | ||
| Q2 24 | $185.9M | $13.3M |
毛利率EXRSTEP
| Q1 26 | — | — | ||
| Q4 25 | 73.0% | — | ||
| Q3 25 | 72.6% | — | ||
| Q2 25 | 73.0% | — | ||
| Q1 25 | 72.7% | — | ||
| Q4 24 | 73.1% | — | ||
| Q3 24 | 74.7% | — | ||
| Q2 24 | 75.7% | — |
营业利润率EXRSTEP
| Q1 26 | 42.9% | — | ||
| Q4 25 | 43.3% | -33.2% | ||
| Q3 25 | 32.5% | -148.8% | ||
| Q2 25 | 44.4% | -5.6% | ||
| Q1 25 | 47.4% | 2.6% | ||
| Q4 24 | 46.2% | -101.7% | ||
| Q3 24 | 36.7% | 21.3% | ||
| Q2 24 | 37.6% | 29.4% |
净利率EXRSTEP
| Q1 26 | 28.2% | — | ||
| Q4 25 | 33.5% | -21.0% | ||
| Q3 25 | 19.3% | -80.6% | ||
| Q2 25 | 29.7% | -10.5% | ||
| Q1 25 | 33.0% | -4.9% | ||
| Q4 24 | 31.9% | -56.6% | ||
| Q3 24 | 23.4% | 6.5% | ||
| Q2 24 | 22.9% | 7.2% |
每股收益（稀释后）EXRSTEP
| Q1 26 | $1.14 | — | ||
| Q4 25 | $1.35 | $-1.55 | ||
| Q3 25 | $0.78 | $-4.66 | ||
| Q2 25 | $1.18 | $-0.49 | ||
| Q1 25 | $1.28 | $-0.37 | ||
| Q4 24 | $1.23 | $-2.61 | ||
| Q3 24 | $0.91 | $0.26 | ||
| Q2 24 | $0.88 | $0.20 |
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 | $139.0M | — |
| 总债务越低越好 | — | $270.2M |
| 股东权益账面价值 | — | $-378.8M |
| 总资产 | $29.1B | $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EXRSTEP
| Q1 26 | $139.0M | — | ||
| Q4 25 | $138.9M | — | ||
| Q3 25 | $111.9M | — | ||
| Q2 25 | $125.0M | — | ||
| Q1 25 | $119.6M | — | ||
| Q4 24 | $138.2M | — | ||
| Q3 24 | $88.9M | — | ||
| Q2 24 | $77.0M | — |
总债务EXRSTEP
| Q1 26 | — | — | ||
| Q4 25 | — | $270.2M | ||
| Q3 25 | — | $269.9M | ||
| Q2 25 | — | $269.6M | ||
| Q1 25 | — | $269.3M | ||
| Q4 24 | — | $168.9M | ||
| Q3 24 | — | $172.3M | ||
| Q2 24 | — | $172.1M |
股东权益EXRSTEP
| Q1 26 | — | — | ||
| Q4 25 | $13.4B | $-378.8M | ||
| Q3 25 | $13.6B | $-233.5M | ||
| Q2 25 | $13.8B | $153.9M | ||
| Q1 25 | $13.9B | $179.4M | ||
| Q4 24 | $13.9B | $209.8M | ||
| Q3 24 | $14.0B | $397.5M | ||
| Q2 24 | $14.2B | $366.9M |
总资产EXRSTEP
| Q1 26 | $29.1B | — | ||
| Q4 25 | $29.3B | $5.2B | ||
| Q3 25 | $29.2B | $5.3B | ||
| Q2 25 | $29.4B | $4.8B | ||
| Q1 25 | $29.0B | $4.6B | ||
| Q4 24 | $28.8B | $4.3B | ||
| Q3 24 | $28.1B | $4.0B | ||
| Q2 24 | $27.8B | $3.8B |
负债/权益比EXRSTEP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.50× | ||
| Q4 24 | — | 0.81× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.47× |
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 | — | $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 | — | — |
| 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EXRSTEP
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | $27.2M | ||
| Q3 25 | $457.1M | $16.2M | ||
| Q2 25 | $543.9M | $46.3M | ||
| Q1 25 | $481.4M | $-66.5M | ||
| Q4 24 | $1.9B | $27.6M | ||
| Q3 24 | $468.4M | $53.7M | ||
| Q2 24 | $545.2M | $50.2M |
自由现金流EXRSTEP
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $26.7M | ||
| Q3 25 | $444.2M | $15.9M | ||
| Q2 25 | $382.1M | $45.2M | ||
| Q1 25 | $345.4M | $-69.2M | ||
| Q4 24 | $1.6B | $27.0M | ||
| Q3 24 | $310.1M | $52.4M | ||
| Q2 24 | $517.6M | $49.6M |
自由现金流率EXRSTEP
| Q1 26 | — | — | ||
| Q4 25 | 186.5% | 4.6% | ||
| Q3 25 | 51.7% | 3.5% | ||
| Q2 25 | 45.4% | 12.4% | ||
| Q1 25 | 42.1% | -18.3% | ||
| Q4 24 | 198.2% | 8.0% | ||
| Q3 24 | 37.6% | 19.3% | ||
| Q2 24 | 63.8% | 26.6% |
资本支出强度EXRSTEP
| Q1 26 | — | — | ||
| Q4 25 | 29.3% | 0.1% | ||
| Q3 25 | 1.5% | 0.1% | ||
| Q2 25 | 19.2% | 0.3% | ||
| Q1 25 | 16.6% | 0.7% | ||
| Q4 24 | 31.4% | 0.2% | ||
| Q3 24 | 19.2% | 0.5% | ||
| Q2 24 | 3.4% | 0.3% |
现金转化率EXRSTEP
| Q1 26 | — | — | ||
| Q4 25 | 6.44× | — | ||
| Q3 25 | 2.75× | — | ||
| Q2 25 | 2.18× | — | ||
| Q1 25 | 1.78× | — | ||
| Q4 24 | 7.19× | — | ||
| Q3 24 | 2.42× | 3.05× | ||
| Q2 24 | 2.93× | 3.76× |
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
EXR
| Property rental | $733.2M | 86% |
| Tenant reinsurance | $89.1M | 10% |
| Management fees and other income | $33.7M | 4% |
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% |
