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GRAIL, Inc.（GRAL）与牛津地产（IIPR）财务数据对比。点击上方公司名可切换其他公司
牛津地产的季度营收约是GRAIL, Inc.的1.5倍（$66.7M vs $43.6M），牛津地产净利率更高（47.8% vs -227.5%，领先275.3%），GRAIL, Inc.同比增速更快（14.0% vs -13.1%），过去两年GRAIL, Inc.的营收复合增速更高（27.7% vs -6.0%）
GRAIL是2015年成立的美国生物技术企业，总部位于加利福尼亚州门洛帕克，核心业务是研发面向无症状人群的癌症早期筛查检测产品。该公司最初是基因测序企业Illumina旗下的初创子公司，2021年被Illumina全资收购。
牛津地产是一家加拿大跨国企业，业务涵盖房地产投资、开发与物业管理。其投资组合包含写字楼、零售、工业、多户住宅、生命科学及酒店类资产。该公司1960年以私营企业形式创立，自2003年起成为安大略省市政雇员退休系统（OMERS）的全资子公司，总部设于多伦多，在纽约、伦敦、澳大利亚、新加坡及卢森堡均设有区域总部。
GRAL vs IIPR — 直观对比
营收规模更大
IIPR
是对方的1.5倍
$43.6M
营收增速更快
GRAL
高出27.1%
-13.1%
净利率更高
IIPR
高出275.3%
-227.5%
两年增速更快
GRAL
近两年复合增速
-6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.6M | $66.7M |
| 净利润 | $-99.2M | $31.8M |
| 毛利率 | — | — |
| 营业利润率 | -285.4% | 47.8% |
| 净利率 | -227.5% | 47.8% |
| 营收同比 | 14.0% | -13.1% |
| 净利润同比 | -2.2% | -20.4% |
| 每股收益（稀释后） | $-2.37 | $1.07 |
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GRALIIPR
| Q4 25 | $43.6M | $66.7M | ||
| Q3 25 | $36.2M | $64.7M | ||
| Q2 25 | $35.5M | $62.9M | ||
| Q1 25 | $31.8M | $71.7M | ||
| Q4 24 | $38.3M | $76.7M | ||
| Q3 24 | $28.7M | $76.5M | ||
| Q2 24 | $32.0M | $79.8M | ||
| Q1 24 | $26.7M | $75.5M |
净利润GRALIIPR
| Q4 25 | $-99.2M | $31.8M | ||
| Q3 25 | $-89.0M | $29.3M | ||
| Q2 25 | $-114.0M | $26.0M | ||
| Q1 25 | $-106.2M | $31.1M | ||
| Q4 24 | $-97.1M | $40.0M | ||
| Q3 24 | $-125.7M | $40.2M | ||
| Q2 24 | $-1.6B | $42.0M | ||
| Q1 24 | $-218.9M | $39.4M |
营业利润率GRALIIPR
| Q4 25 | -285.4% | 47.8% | ||
| Q3 25 | -346.2% | 45.5% | ||
| Q2 25 | -446.9% | 45.9% | ||
| Q1 25 | -482.5% | 47.4% | ||
| Q4 24 | -358.0% | 54.7% | ||
| Q3 24 | -640.5% | 54.8% | ||
| Q2 24 | -5133.8% | 53.1% | ||
| Q1 24 | -851.1% | 55.7% |
净利率GRALIIPR
| Q4 25 | -227.5% | 47.8% | ||
| Q3 25 | -245.8% | 45.3% | ||
| Q2 25 | -320.7% | 41.4% | ||
| Q1 25 | -333.6% | 43.3% | ||
| Q4 24 | -253.8% | 52.2% | ||
| Q3 24 | -438.7% | 52.6% | ||
| Q2 24 | -4958.8% | 52.6% | ||
| Q1 24 | -819.3% | 52.3% |
每股收益（稀释后）GRALIIPR
| Q4 25 | $-2.37 | $1.07 | ||
| Q3 25 | $-2.46 | $0.97 | ||
| Q2 25 | $-3.18 | $0.86 | ||
| Q1 25 | $-3.10 | $1.03 | ||
| Q4 24 | $-1.49 | $1.35 | ||
| Q3 24 | $-3.94 | $1.37 | ||
| Q2 24 | $-51.06 | $1.44 | ||
| Q1 24 | $-7.05 | $1.36 |
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 | $249.7M | $47.6M |
| 总债务越低越好 | — | $393.7M |
| 股东权益账面价值 | $2.6B | $1.8B |
| 总资产 | $2.9B | $2.4B |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资GRALIIPR
| Q4 25 | $249.7M | $47.6M | ||
| Q3 25 | $126.9M | $41.9M | ||
| Q2 25 | $127.4M | $104.9M | ||
| Q1 25 | $133.9M | $133.3M | ||
| Q4 24 | $214.2M | $151.2M | ||
| Q3 24 | $853.6M | $172.4M | ||
| Q2 24 | $958.8M | $160.9M | ||
| Q1 24 | $199.7M | $173.5M |
总债务GRALIIPR
| Q4 25 | — | $393.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GRALIIPR
| Q4 25 | $2.6B | $1.8B | ||
| Q3 25 | $2.2B | $1.9B | ||
| Q2 25 | $2.3B | $1.9B | ||
| Q1 25 | $2.4B | $1.9B | ||
| Q4 24 | $2.5B | $1.9B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.7B | $1.9B | ||
| Q1 24 | — | $2.0B |
总资产GRALIIPR
| Q4 25 | $2.9B | $2.4B | ||
| Q3 25 | $2.6B | $2.3B | ||
| Q2 25 | $2.7B | $2.3B | ||
| Q1 25 | $2.8B | $2.4B | ||
| Q4 24 | $3.0B | $2.4B | ||
| Q3 24 | $3.1B | $2.4B | ||
| Q2 24 | $3.3B | $2.4B | ||
| Q1 24 | — | $2.4B |
负债/权益比GRALIIPR
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-63.8M | $198.2M |
| 自由现金流经营现金流 - 资本支出 | $-63.9M | — |
| 自由现金流率自由现金流/营收 | -146.5% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | — | 6.22× |
| 过去12个月自由现金流最近4个季度 | $-299.9M | — |
8季度趋势，按日历期对齐
经营现金流GRALIIPR
| Q4 25 | $-63.8M | $198.2M | ||
| Q3 25 | $-63.2M | $45.6M | ||
| Q2 25 | $-77.0M | $48.4M | ||
| Q1 25 | $-95.0M | $54.2M | ||
| Q4 24 | — | $258.4M | ||
| Q3 24 | $-104.6M | $64.9M | ||
| Q2 24 | $-171.8M | $64.2M | ||
| Q1 24 | $-207.3M | $71.6M |
自由现金流GRALIIPR
| Q4 25 | $-63.9M | — | ||
| Q3 25 | $-63.6M | — | ||
| Q2 25 | $-77.3M | — | ||
| Q1 25 | $-95.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-105.6M | — | ||
| Q2 24 | $-173.2M | — | ||
| Q1 24 | $-209.8M | — |
自由现金流率GRALIIPR
| Q4 25 | -146.5% | — | ||
| Q3 25 | -175.8% | — | ||
| Q2 25 | -217.6% | — | ||
| Q1 25 | -298.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -368.4% | — | ||
| Q2 24 | -541.7% | — | ||
| Q1 24 | -785.3% | — |
资本支出强度GRALIIPR
| Q4 25 | 0.2% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 9.5% | — |
现金转化率GRALIIPR
| Q4 25 | — | 6.22× | ||
| Q3 25 | — | 1.56× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 1.75× | ||
| Q4 24 | — | 6.46× | ||
| Q3 24 | — | 1.61× | ||
| Q2 24 | — | 1.53× | ||
| Q1 24 | — | 1.82× |
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
GRAL
| Screening Revenue | $42.3M | 97% |
| Developmental Services Revenue | $1.3M | 3% |
IIPR
暂无分部数据
