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牛津地产（IIPR）与RAYONIER INC（RYN）财务数据对比。点击上方公司名可切换其他公司
RAYONIER INC的季度营收约是牛津地产的4.2倍（$276.8M vs $66.7M），牛津地产净利率更高（47.8% vs -4.5%，领先52.2%），RAYONIER INC同比增速更快（233.9% vs -13.1%），过去两年RAYONIER INC的营收复合增速更高（66.7% vs -6.0%）
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。
Rayonier Inc.是总部位于佛罗里达州怀尔德莱特的林地房地产投资信托（REIT），资产分布在美国和新西兰的软木种植区域，核心业务板块为木材业务与房地产业务。
IIPR vs RYN — 直观对比
营收规模更大
RYN
是对方的4.2倍
$66.7M
营收增速更快
RYN
高出247.0%
-13.1%
净利率更高
IIPR
高出52.2%
-4.5%
两年增速更快
RYN
近两年复合增速
-6.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $66.7M | $276.8M |
| 净利润 | $31.8M | $-12.4M |
| 毛利率 | — | 100.0% |
| 营业利润率 | 47.8% | — |
| 净利率 | 47.8% | -4.5% |
| 营收同比 | -13.1% | 233.9% |
| 净利润同比 | -20.4% | -264.7% |
| 每股收益（稀释后） | $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IIPRRYN
| Q1 26 | — | $276.8M | ||
| Q4 25 | $66.7M | $117.5M | ||
| Q3 25 | $64.7M | $177.5M | ||
| Q2 25 | $62.9M | $106.5M | ||
| Q1 25 | $71.7M | $82.9M | ||
| Q4 24 | $76.7M | $650.5M | ||
| Q3 24 | $76.5M | $124.1M | ||
| Q2 24 | $79.8M | $99.6M |
净利润IIPRRYN
| Q1 26 | — | $-12.4M | ||
| Q4 25 | $31.8M | $25.9M | ||
| Q3 25 | $29.3M | $43.2M | ||
| Q2 25 | $26.0M | $408.7M | ||
| Q1 25 | $31.1M | $-3.4M | ||
| Q4 24 | $40.0M | $327.1M | ||
| Q3 24 | $40.2M | $28.8M | ||
| Q2 24 | $42.0M | $1.9M |
毛利率IIPRRYN
| Q1 26 | — | 100.0% | ||
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 32.9% | ||
| Q2 25 | — | 29.7% | ||
| Q1 25 | — | 21.7% | ||
| Q4 24 | — | 53.8% | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 25.4% |
营业利润率IIPRRYN
| Q1 26 | — | — | ||
| Q4 25 | 47.8% | 23.0% | ||
| Q3 25 | 45.5% | 23.5% | ||
| Q2 25 | 45.9% | 13.7% | ||
| Q1 25 | 47.4% | 0.1% | ||
| Q4 24 | 54.7% | 47.7% | ||
| Q3 24 | 54.8% | 15.2% | ||
| Q2 24 | 53.1% | 4.6% |
净利率IIPRRYN
| Q1 26 | — | -4.5% | ||
| Q4 25 | 47.8% | 22.1% | ||
| Q3 25 | 45.3% | 24.3% | ||
| Q2 25 | 41.4% | 383.6% | ||
| Q1 25 | 43.3% | -4.1% | ||
| Q4 24 | 52.2% | 45.1% | ||
| Q3 24 | 52.6% | 23.2% | ||
| Q2 24 | 52.6% | 1.9% |
每股收益（稀释后）IIPRRYN
| Q1 26 | — | — | ||
| Q4 25 | $1.07 | $0.14 | ||
| Q3 25 | $0.97 | $0.28 | ||
| Q2 25 | $0.86 | $2.63 | ||
| Q1 25 | $1.03 | $-0.02 | ||
| Q4 24 | $1.35 | $2.18 | ||
| Q3 24 | $1.37 | $0.19 | ||
| Q2 24 | $1.44 | $0.01 |
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 | $47.6M | $681.7M |
| 总债务越低越好 | $393.7M | $2.1B |
| 股东权益账面价值 | $1.8B | $5.3B |
| 总资产 | $2.4B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.21× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资IIPRRYN
| Q1 26 | — | $681.7M | ||
| Q4 25 | $47.6M | $842.9M | ||
| Q3 25 | $41.9M | $919.6M | ||
| Q2 25 | $104.9M | $892.3M | ||
| Q1 25 | $133.3M | $216.2M | ||
| Q4 24 | $151.2M | $303.1M | ||
| Q3 24 | $172.4M | $51.9M | ||
| Q2 24 | $160.9M | $120.2M |
总债务IIPRRYN
| Q1 26 | — | $2.1B | ||
| Q4 25 | $393.7M | $845.3M | ||
| Q3 25 | — | $845.1M | ||
| Q2 25 | — | $844.9M | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.4B |
股东权益IIPRRYN
| Q1 26 | — | $5.3B | ||
| Q4 25 | $1.8B | $2.2B | ||
| Q3 25 | $1.9B | $2.3B | ||
| Q2 25 | $1.9B | $2.3B | ||
| Q1 25 | $1.9B | $1.9B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $1.9B | $1.8B | ||
| Q2 24 | $1.9B | $1.8B |
总资产IIPRRYN
| Q1 26 | — | $7.7B | ||
| Q4 25 | $2.4B | $3.4B | ||
| Q3 25 | $2.3B | $3.5B | ||
| Q2 25 | $2.3B | $3.5B | ||
| Q1 25 | $2.4B | $3.4B | ||
| Q4 24 | $2.4B | $3.5B | ||
| Q3 24 | $2.4B | $3.5B | ||
| Q2 24 | $2.4B | $3.5B |
负债/权益比IIPRRYN
| Q1 26 | — | 0.39× | ||
| Q4 25 | 0.21× | 0.38× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.55× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.72× | ||
| Q2 24 | — | 0.75× |
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 | $198.2M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 7.4% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流IIPRRYN
| Q1 26 | — | — | ||
| Q4 25 | $198.2M | $256.7M | ||
| Q3 25 | $45.6M | $116.2M | ||
| Q2 25 | $48.4M | $61.0M | ||
| Q1 25 | $54.2M | $27.7M | ||
| Q4 24 | $258.4M | $261.6M | ||
| Q3 24 | $64.9M | $66.2M | ||
| Q2 24 | $64.2M | $55.3M |
自由现金流IIPRRYN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $99.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $42.2M | ||
| Q2 24 | — | — |
自由现金流率IIPRRYN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 56.3% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | — |
资本支出强度IIPRRYN
| Q1 26 | — | 7.4% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | — |
现金转化率IIPRRYN
| Q1 26 | — | — | ||
| Q4 25 | 6.22× | 9.91× | ||
| Q3 25 | 1.56× | 2.69× | ||
| Q2 25 | 1.86× | 0.15× | ||
| Q1 25 | 1.75× | — | ||
| Q4 24 | 6.46× | 0.80× | ||
| Q3 24 | 1.61× | 2.30× | ||
| Q2 24 | 1.53× | 29.07× |
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
IIPR
暂无分部数据
RYN
| Wood Products | $108.5M | 39% |
| Southern Timber | $88.7M | 32% |
| Real Estate | $59.8M | 22% |
| Northwest Timber | $32.1M | 12% |
