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牛津地产（IIPR）与System1, Inc.（SST）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System1, Inc.的1.3倍（$66.7M vs $51.9M），牛津地产净利率更高（47.8% vs -26.0%，领先73.7%），牛津地产同比增速更快（-13.1% vs -31.3%），过去两年牛津地产的营收复合增速更高（-6.0% vs -21.8%）
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。
System1是一家美国互联网广告企业，成立于2013年，前身为OpenMail，总部位于加利福尼亚州玛丽娜德尔雷。该公司主打获客响应营销平台业务，将隐私保护作为核心经营重点之一，但也曾因对Startpage.com等主打隐私的平台的影响受到批评。
IIPR vs SST — 直观对比
营收规模更大
IIPR
是对方的1.3倍
$51.9M
营收增速更快
IIPR
高出18.1%
-31.3%
净利率更高
IIPR
高出73.7%
-26.0%
两年增速更快
IIPR
近两年复合增速
-21.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.7M | $51.9M |
| 净利润 | $31.8M | $-13.5M |
| 毛利率 | — | 41.0% |
| 营业利润率 | 47.8% | -33.6% |
| 净利率 | 47.8% | -26.0% |
| 营收同比 | -13.1% | -31.3% |
| 净利润同比 | -20.4% | 4.8% |
| 每股收益（稀释后） | $1.07 | $-3.58 |
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IIPRSST
| Q4 25 | $66.7M | $51.9M | ||
| Q3 25 | $64.7M | $61.6M | ||
| Q2 25 | $62.9M | $78.1M | ||
| Q1 25 | $71.7M | $74.5M | ||
| Q4 24 | $76.7M | $75.6M | ||
| Q3 24 | $76.5M | $88.8M | ||
| Q2 24 | $79.8M | $94.6M | ||
| Q1 24 | $75.5M | $84.9M |
净利润IIPRSST
| Q4 25 | $31.8M | $-13.5M | ||
| Q3 25 | $29.3M | $-18.5M | ||
| Q2 25 | $26.0M | $-17.5M | ||
| Q1 25 | $31.1M | $-15.9M | ||
| Q4 24 | $40.0M | $-14.2M | ||
| Q3 24 | $40.2M | $-23.6M | ||
| Q2 24 | $42.0M | $-26.4M | ||
| Q1 24 | $39.4M | $-10.5M |
毛利率IIPRSST
| Q4 25 | — | 41.0% | ||
| Q3 25 | — | 36.9% | ||
| Q2 25 | — | 35.7% | ||
| Q1 25 | — | 38.2% | ||
| Q4 24 | — | 42.1% | ||
| Q3 24 | — | 28.0% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | 21.9% |
营业利润率IIPRSST
| Q4 25 | 47.8% | -33.6% | ||
| Q3 25 | 45.5% | -25.3% | ||
| Q2 25 | 45.9% | -20.4% | ||
| Q1 25 | 47.4% | -17.6% | ||
| Q4 24 | 54.7% | -15.7% | ||
| Q3 24 | 54.8% | -24.6% | ||
| Q2 24 | 53.1% | -30.8% | ||
| Q1 24 | 55.7% | -30.4% |
净利率IIPRSST
| Q4 25 | 47.8% | -26.0% | ||
| Q3 25 | 45.3% | -30.1% | ||
| Q2 25 | 41.4% | -22.4% | ||
| Q1 25 | 43.3% | -21.3% | ||
| Q4 24 | 52.2% | -18.7% | ||
| Q3 24 | 52.6% | -26.6% | ||
| Q2 24 | 52.6% | -27.9% | ||
| Q1 24 | 52.3% | -12.4% |
每股收益（稀释后）IIPRSST
| Q4 25 | $1.07 | $-3.58 | ||
| Q3 25 | $0.97 | $-2.30 | ||
| Q2 25 | $0.86 | $-2.23 | ||
| Q1 25 | $1.03 | $-0.21 | ||
| Q4 24 | $1.35 | $-3.41 | ||
| Q3 24 | $1.37 | $-3.37 | ||
| Q2 24 | $1.44 | $-3.80 | ||
| Q1 24 | $1.36 | $-0.16 |
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 | $86.9M |
| 总债务越低越好 | $393.7M | $305.1M |
| 股东权益账面价值 | $1.8B | $30.5M |
| 总资产 | $2.4B | $405.0M |
| 负债/权益比越低杠杆越低 | 0.21× | 10.01× |
8季度趋势，按日历期对齐
现金及短期投资IIPRSST
| Q4 25 | $47.6M | $86.9M | ||
| Q3 25 | $41.9M | $54.6M | ||
| Q2 25 | $104.9M | $63.6M | ||
| Q1 25 | $133.3M | $43.9M | ||
| Q4 24 | $151.2M | $63.6M | ||
| Q3 24 | $172.4M | $69.1M | ||
| Q2 24 | $160.9M | $75.7M | ||
| Q1 24 | $173.5M | $69.9M |
总债务IIPRSST
| Q4 25 | $393.7M | $305.1M | ||
| Q3 25 | — | $259.2M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $267.4M | ||
| Q4 24 | — | $255.1M | ||
| Q3 24 | — | $259.2M | ||
| Q2 24 | — | $263.3M | ||
| Q1 24 | — | $268.6M |
股东权益IIPRSST
| Q4 25 | $1.8B | $30.5M | ||
| Q3 25 | $1.9B | $42.7M | ||
| Q2 25 | $1.9B | $58.2M | ||
| Q1 25 | $1.9B | $67.2M | ||
| Q4 24 | $1.9B | $80.3M | ||
| Q3 24 | $1.9B | $90.3M | ||
| Q2 24 | $1.9B | $109.4M | ||
| Q1 24 | $2.0B | $131.7M |
总资产IIPRSST
| Q4 25 | $2.4B | $405.0M | ||
| Q3 25 | $2.3B | $385.2M | ||
| Q2 25 | $2.3B | $429.2M | ||
| Q1 25 | $2.4B | $419.2M | ||
| Q4 24 | $2.4B | $459.1M | ||
| Q3 24 | $2.4B | $479.3M | ||
| Q2 24 | $2.4B | $511.3M | ||
| Q1 24 | $2.4B | $521.1M |
负债/权益比IIPRSST
| Q4 25 | 0.21× | 10.01× | ||
| Q3 25 | — | 6.07× | ||
| Q2 25 | — | 4.53× | ||
| Q1 25 | — | 3.98× | ||
| Q4 24 | — | 3.18× | ||
| Q3 24 | — | 2.87× | ||
| Q2 24 | — | 2.41× | ||
| Q1 24 | — | 2.04× |
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 | $-10.6M |
| 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 | — | 0.0% |
| 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IIPRSST
| Q4 25 | $198.2M | $-10.6M | ||
| Q3 25 | $45.6M | $-2.1M | ||
| Q2 25 | $48.4M | $24.5M | ||
| Q1 25 | $54.2M | $-15.9M | ||
| Q4 24 | $258.4M | $772.0K | ||
| Q3 24 | $64.9M | $-5.0K | ||
| Q2 24 | $64.2M | $10.0M | ||
| Q1 24 | $71.6M | $-16.0M |
自由现金流IIPRSST
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-16.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-36.0K | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率IIPRSST
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度IIPRSST
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
现金转化率IIPRSST
| 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
