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泰尼特医疗（HCSG）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是泰尼特医疗的1.1倍（$492.9M vs $466.7M），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs 6.6%），过去两年泰尼特医疗的营收复合增速更高（5.0% vs -2.9%）
泰尼特医疗集团是一家总部位于达拉斯的美国上市营利性跨国医疗服务企业，旗下通过品牌、子公司、合资企业及合作项目（包括联合外科合作伙伴国际USPI），运营着65家医院与超450家医疗机构，此外还经营康尼弗医疗解决方案，为医疗系统及其他客户提供医疗配套服务支持。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
HCSG vs STWD — 直观对比
营收规模更大
STWD
是对方的1.1倍
$466.7M
营收增速更快
STWD
高出1.9%
6.6%
两年增速更快
HCSG
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $466.7M | $492.9M |
| 净利润 | — | $96.9M |
| 毛利率 | 15.4% | — |
| 营业利润率 | 6.1% | 26.6% |
| 净利率 | — | 19.7% |
| 营收同比 | 6.6% | 8.5% |
| 净利润同比 | — | 87.7% |
| 每股收益（稀释后） | $0.43 | $0.25 |
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HCSGSTWD
| Q4 25 | $466.7M | $492.9M | ||
| Q3 25 | $464.3M | $488.9M | ||
| Q2 25 | $458.5M | $444.3M | ||
| Q1 25 | $447.7M | $418.2M | ||
| Q4 24 | $437.8M | $454.4M | ||
| Q3 24 | $428.1M | $479.5M | ||
| Q2 24 | $426.3M | $489.8M | ||
| Q1 24 | $423.4M | $523.1M |
净利润HCSGSTWD
| Q4 25 | — | $96.9M | ||
| Q3 25 | $43.0M | $72.6M | ||
| Q2 25 | $-32.4M | $129.8M | ||
| Q1 25 | $17.2M | $112.3M | ||
| Q4 24 | — | $51.6M | ||
| Q3 24 | $14.0M | $76.1M | ||
| Q2 24 | $-1.8M | $77.9M | ||
| Q1 24 | $15.3M | $154.3M |
毛利率HCSGSTWD
| Q4 25 | 15.4% | — | ||
| Q3 25 | 20.8% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 15.2% | — | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 14.8% | — | ||
| Q2 24 | 9.7% | — | ||
| Q1 24 | 15.2% | — |
营业利润率HCSGSTWD
| Q4 25 | 6.1% | 26.6% | ||
| Q3 25 | 12.3% | 19.1% | ||
| Q2 25 | -9.1% | 30.5% | ||
| Q1 25 | 5.3% | 28.7% | ||
| Q4 24 | 3.4% | 15.1% | ||
| Q3 24 | 4.4% | 17.2% | ||
| Q2 24 | -0.5% | 19.1% | ||
| Q1 24 | 5.0% | 30.8% |
净利率HCSGSTWD
| Q4 25 | — | 19.7% | ||
| Q3 25 | 9.3% | 14.8% | ||
| Q2 25 | -7.1% | 29.2% | ||
| Q1 25 | 3.8% | 26.8% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | 3.3% | 15.9% | ||
| Q2 24 | -0.4% | 15.9% | ||
| Q1 24 | 3.6% | 29.5% |
每股收益（稀释后）HCSGSTWD
| Q4 25 | $0.43 | $0.25 | ||
| Q3 25 | $0.59 | $0.19 | ||
| Q2 25 | $-0.44 | $0.38 | ||
| Q1 25 | $0.23 | $0.33 | ||
| Q4 24 | $0.15 | $0.15 | ||
| Q3 24 | $0.19 | $0.23 | ||
| Q2 24 | $-0.02 | $0.24 | ||
| Q1 24 | $0.21 | $0.48 |
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 | $168.0M | $499.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $510.2M | $6.8B |
| 总资产 | $794.3M | $63.2B |
| 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HCSGSTWD
| Q4 25 | $168.0M | $499.5M | ||
| Q3 25 | $177.5M | $301.1M | ||
| Q2 25 | $134.5M | $259.9M | ||
| Q1 25 | $114.8M | $440.6M | ||
| Q4 24 | $107.3M | $377.8M | ||
| Q3 24 | $103.8M | $357.9M | ||
| Q2 24 | $105.6M | $259.3M | ||
| Q1 24 | $104.9M | $327.4M |
股东权益HCSGSTWD
| Q4 25 | $510.2M | $6.8B | ||
| Q3 25 | $496.0M | $6.9B | ||
| Q2 25 | $477.0M | $6.4B | ||
| Q1 25 | $514.2M | $6.4B | ||
| Q4 24 | $499.9M | $6.4B | ||
| Q3 24 | $488.7M | $6.5B | ||
| Q2 24 | $471.4M | $6.2B | ||
| Q1 24 | $474.6M | $6.3B |
总资产HCSGSTWD
| Q4 25 | $794.3M | $63.2B | ||
| Q3 25 | $804.3M | $62.4B | ||
| Q2 25 | $802.2M | $62.4B | ||
| Q1 25 | $823.0M | $62.2B | ||
| Q4 24 | $802.8M | $62.6B | ||
| Q3 24 | $805.8M | $64.2B | ||
| Q2 24 | $799.7M | $64.1B | ||
| Q1 24 | $803.9M | $66.2B |
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 | $17.4M | $488.8M |
| 自由现金流经营现金流 - 资本支出 | $16.0M | — |
| 自由现金流率自由现金流/营收 | 3.4% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | — | 5.04× |
| 过去12个月自由现金流最近4个季度 | $139.2M | — |
8季度趋势，按日历期对齐
经营现金流HCSGSTWD
| Q4 25 | $17.4M | $488.8M | ||
| Q3 25 | $71.3M | $337.6M | ||
| Q2 25 | $28.8M | $-87.4M | ||
| Q1 25 | $27.5M | $238.9M | ||
| Q4 24 | $36.2M | $295.6M | ||
| Q3 24 | $4.3M | $241.8M | ||
| Q2 24 | $16.3M | $53.3M | ||
| Q1 24 | $-26.0M | $55.9M |
自由现金流HCSGSTWD
| Q4 25 | $16.0M | — | ||
| Q3 25 | $70.0M | — | ||
| Q2 25 | $27.4M | — | ||
| Q1 25 | $25.8M | — | ||
| Q4 24 | $34.8M | — | ||
| Q3 24 | $2.9M | — | ||
| Q2 24 | $15.0M | — | ||
| Q1 24 | $-28.2M | — |
自由现金流率HCSGSTWD
| Q4 25 | 3.4% | — | ||
| Q3 25 | 15.1% | — | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | 5.8% | — | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | -6.7% | — |
资本支出强度HCSGSTWD
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.5% | — |
现金转化率HCSGSTWD
| Q4 25 | — | 5.04× | ||
| Q3 25 | 1.66× | 4.65× | ||
| Q2 25 | — | -0.67× | ||
| Q1 25 | 1.60× | 2.13× | ||
| Q4 24 | — | 5.72× | ||
| Q3 24 | 0.31× | 3.18× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | -1.70× | 0.36× |
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
HCSG
| Dietary Services | $255.9M | 55% |
| Other | $210.8M | 45% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
