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GLAUKOS Corp（GKOS）与医疗房产信托（SVC）财务数据对比。点击上方公司名可切换其他公司
医疗房产信托的季度营收约是GLAUKOS Corp的2.0倍（$296.5M vs $150.6M），GLAUKOS Corp净利率更高（6.2% vs -0.3%，领先6.5%），GLAUKOS Corp同比增速更快（41.2% vs -17.0%），过去两年GLAUKOS Corp的营收复合增速更高（25.4% vs -6.1%）
Glaukos Corp是一家专注于眼科领域的医疗科技企业，开发并商业化用于治疗青光眼、角膜疾病等眼部病症的微创手术器械、处方药物及消费级产品，主要市场覆盖北美、欧洲及亚太地区，为全球医院、眼科诊所及患者提供服务。
医疗房产信托（MPT）是总部位于阿拉巴马州伯明翰的国际房地产投资信托（REIT），主要在美国和欧洲地区收购投资医疗设施与营利性医疗控股公司。该公司的房产收购多采用售后回租模式，原产权方出售房产给MPT后成为承租租户，其租户普遍签订长期三净租约。
GKOS vs SVC — 直观对比
营收规模更大
SVC
是对方的2.0倍
$150.6M
营收增速更快
GKOS
高出58.1%
-17.0%
净利率更高
GKOS
高出6.5%
-0.3%
两年增速更快
GKOS
近两年复合增速
-6.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $150.6M | $296.5M |
| 净利润 | $9.4M | $-782.0K |
| 毛利率 | 77.9% | — |
| 营业利润率 | 9.0% | -3.9% |
| 净利率 | 6.2% | -0.3% |
| 营收同比 | 41.2% | -17.0% |
| 净利润同比 | — | 99.0% |
| 每股收益（稀释后） | — | $-0.01 |
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GKOSSVC
| Q1 26 | $150.6M | — | ||
| Q4 25 | $143.1M | $296.5M | ||
| Q3 25 | $133.5M | $377.6M | ||
| Q2 25 | $124.1M | $404.4M | ||
| Q1 25 | $106.7M | $335.0M | ||
| Q4 24 | $105.5M | $357.0M | ||
| Q3 24 | $96.7M | $390.9M | ||
| Q2 24 | $95.7M | $412.5M |
净利润GKOSSVC
| Q1 26 | $9.4M | — | ||
| Q4 25 | $-133.7M | $-782.0K | ||
| Q3 25 | $-16.2M | $-46.9M | ||
| Q2 25 | $-19.7M | $-38.2M | ||
| Q1 25 | $-18.1M | $-116.4M | ||
| Q4 24 | $-33.6M | $-76.4M | ||
| Q3 24 | $-21.4M | $-46.9M | ||
| Q2 24 | $-50.5M | $-73.8M |
毛利率GKOSSVC
| Q1 26 | 77.9% | — | ||
| Q4 25 | -1.1% | — | ||
| Q3 25 | 78.4% | — | ||
| Q2 25 | 78.3% | — | ||
| Q1 25 | 77.2% | — | ||
| Q4 24 | 72.9% | — | ||
| Q3 24 | 76.6% | — | ||
| Q2 24 | 76.4% | — |
营业利润率GKOSSVC
| Q1 26 | 9.0% | — | ||
| Q4 25 | -97.7% | -3.9% | ||
| Q3 25 | -12.3% | -12.8% | ||
| Q2 25 | -18.3% | -9.2% | ||
| Q1 25 | -19.4% | -33.3% | ||
| Q4 24 | -27.2% | -19.4% | ||
| Q3 24 | -25.5% | -12.8% | ||
| Q2 24 | -31.3% | -17.1% |
净利率GKOSSVC
| Q1 26 | 6.2% | — | ||
| Q4 25 | -93.4% | -0.3% | ||
| Q3 25 | -12.2% | -12.4% | ||
| Q2 25 | -15.8% | -9.4% | ||
| Q1 25 | -17.0% | -34.8% | ||
| Q4 24 | -31.8% | -21.4% | ||
| Q3 24 | -22.1% | -12.0% | ||
| Q2 24 | -52.8% | -17.9% |
每股收益（稀释后）GKOSSVC
| Q1 26 | — | — | ||
| Q4 25 | $-2.34 | $-0.01 | ||
| Q3 25 | $-0.28 | $-0.28 | ||
| Q2 25 | $-0.34 | $-0.23 | ||
| Q1 25 | $-0.32 | $-0.70 | ||
| Q4 24 | $-0.56 | $-0.46 | ||
| Q3 24 | $-0.39 | $-0.28 | ||
| Q2 24 | $-1.00 | $-0.45 |
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 | $276.7M | $346.8M |
| 总债务越低越好 | — | $5.5B |
| 股东权益账面价值 | $670.9M | $646.1M |
| 总资产 | $893.3M | $6.5B |
| 负债/权益比越低杠杆越低 | — | 8.52× |
8季度趋势，按日历期对齐
现金及短期投资GKOSSVC
| Q1 26 | $276.7M | — | ||
| Q4 25 | $90.8M | $346.8M | ||
| Q3 25 | $98.2M | $417.4M | ||
| Q2 25 | $100.8M | $63.2M | ||
| Q1 25 | $114.3M | $80.1M | ||
| Q4 24 | $169.6M | $143.5M | ||
| Q3 24 | $100.1M | $48.6M | ||
| Q2 24 | $68.1M | $14.6M |
总债务GKOSSVC
| Q1 26 | — | — | ||
| Q4 25 | — | $5.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益GKOSSVC
| Q1 26 | $670.9M | — | ||
| Q4 25 | $656.2M | $646.1M | ||
| Q3 25 | $769.5M | $647.9M | ||
| Q2 25 | $765.1M | $695.9M | ||
| Q1 25 | $764.0M | $734.6M | ||
| Q4 24 | $766.9M | $851.9M | ||
| Q3 24 | $668.5M | $929.0M | ||
| Q2 24 | $665.2M | $1.0B |
总资产GKOSSVC
| Q1 26 | $893.3M | — | ||
| Q4 25 | $893.5M | $6.5B | ||
| Q3 25 | $999.4M | $7.0B | ||
| Q2 25 | $987.0M | $6.9B | ||
| Q1 25 | $966.2M | $7.0B | ||
| Q4 24 | $974.8M | $7.1B | ||
| Q3 24 | $926.5M | $7.1B | ||
| Q2 24 | $919.7M | $7.1B |
负债/权益比GKOSSVC
| Q1 26 | — | — | ||
| Q4 25 | — | 8.52× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.85× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $-18.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-95.2M |
| 自由现金流率自由现金流/营收 | — | -32.1% |
| 资本支出强度资本支出/营收 | — | 25.9% |
| 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 | — | $-107.0M |
8季度趋势，按日历期对齐
经营现金流GKOSSVC
| Q1 26 | — | — | ||
| Q4 25 | $6.8M | $-18.5M | ||
| Q3 25 | $-10.1M | $98.1M | ||
| Q2 25 | $7.0M | $-7.0K | ||
| Q1 25 | $-18.5M | $38.2M | ||
| Q4 24 | $507.0K | $-9.7M | ||
| Q3 24 | $-9.6M | $106.2M | ||
| Q2 24 | $-18.4M | $43.8M |
自由现金流GKOSSVC
| Q1 26 | — | — | ||
| Q4 25 | $3.9M | $-95.2M | ||
| Q3 25 | $-11.7M | $57.9M | ||
| Q2 25 | $5.8M | $-46.6M | ||
| Q1 25 | $-20.5M | $-23.2M | ||
| Q4 24 | $-1.2M | $-88.9M | ||
| Q3 24 | $-11.0M | $24.1M | ||
| Q2 24 | $-20.5M | $-22.3M |
自由现金流率GKOSSVC
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | -32.1% | ||
| Q3 25 | -8.8% | 15.3% | ||
| Q2 25 | 4.7% | -11.5% | ||
| Q1 25 | -19.2% | -6.9% | ||
| Q4 24 | -1.2% | -24.9% | ||
| Q3 24 | -11.4% | 6.2% | ||
| Q2 24 | -21.4% | -5.4% |
资本支出强度GKOSSVC
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 25.9% | ||
| Q3 25 | 1.2% | 10.6% | ||
| Q2 25 | 0.9% | 11.5% | ||
| Q1 25 | 1.8% | 18.3% | ||
| Q4 24 | 1.6% | 22.2% | ||
| Q3 24 | 1.5% | 21.0% | ||
| Q2 24 | 2.2% | 16.0% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
