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Industrial Logistics Properties Trust（ILPT）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
REPLIGEN CORP的季度营收约是Industrial Logistics Properties Trust的1.7倍（$197.9M vs $113.9M），REPLIGEN CORP净利率更高（6.7% vs -1.6%，领先8.3%），REPLIGEN CORP同比增速更快（13.6% vs 3.1%），Industrial Logistics Properties Trust自由现金流更多（$42.0M vs $17.6M），过去两年REPLIGEN CORP的营收复合增速更高（14.4% vs 0.7%）
Industrial Logistics Properties Trust是一家专注于工业与物流地产的房地产投资信托，主要在美国境内持有及运营配送中心、仓储设施与最后一公里配送物业，为电商、零售、制造及供应链运营企业提供仓储及物流运营相关配套服务。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
ILPT vs RGEN — 直观对比
营收规模更大
RGEN
是对方的1.7倍
$113.9M
营收增速更快
RGEN
高出10.6%
3.1%
净利率更高
RGEN
高出8.3%
-1.6%
自由现金流更多
ILPT
多$24.5M
$17.6M
两年增速更快
RGEN
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $113.9M | $197.9M |
| 净利润 | $-1.8M | $13.3M |
| 毛利率 | — | 52.5% |
| 营业利润率 | -22.1% | 9.0% |
| 净利率 | -1.6% | 6.7% |
| 营收同比 | 3.1% | 13.6% |
| 净利润同比 | 92.6% | 143.9% |
| 每股收益（稀释后） | $-0.02 | $0.24 |
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ILPTRGEN
| Q4 25 | $113.9M | $197.9M | ||
| Q3 25 | $110.9M | $188.8M | ||
| Q2 25 | $112.1M | $182.4M | ||
| Q1 25 | $111.9M | $169.2M | ||
| Q4 24 | $110.5M | $174.1M | ||
| Q3 24 | $108.9M | $154.9M | ||
| Q2 24 | $110.6M | $154.1M | ||
| Q1 24 | $112.2M | $151.3M |
净利润ILPTRGEN
| Q4 25 | $-1.8M | $13.3M | ||
| Q3 25 | $-21.6M | $14.9M | ||
| Q2 25 | $-21.3M | $14.9M | ||
| Q1 25 | $-21.5M | $5.8M | ||
| Q4 24 | $-24.1M | $-30.3M | ||
| Q3 24 | $-25.0M | $-654.0K | ||
| Q2 24 | $-23.2M | $3.3M | ||
| Q1 24 | $-23.4M | $2.1M |
毛利率ILPTRGEN
| Q4 25 | — | 52.5% | ||
| Q3 25 | — | 53.2% | ||
| Q2 25 | — | 50.0% | ||
| Q1 25 | — | 53.6% | ||
| Q4 24 | — | 26.1% | ||
| Q3 24 | — | 50.0% | ||
| Q2 24 | — | 49.8% | ||
| Q1 24 | — | 49.5% |
营业利润率ILPTRGEN
| Q4 25 | -22.1% | 9.0% | ||
| Q3 25 | -29.4% | 8.9% | ||
| Q2 25 | -30.8% | 7.6% | ||
| Q1 25 | -26.9% | 3.9% | ||
| Q4 24 | -31.1% | -17.7% | ||
| Q3 24 | -33.5% | -5.1% | ||
| Q2 24 | -32.4% | 1.0% | ||
| Q1 24 | -31.7% | 1.3% |
净利率ILPTRGEN
| Q4 25 | -1.6% | 6.7% | ||
| Q3 25 | -19.4% | 7.9% | ||
| Q2 25 | -19.0% | 8.2% | ||
| Q1 25 | -19.2% | 3.4% | ||
| Q4 24 | -21.8% | -17.4% | ||
| Q3 24 | -22.9% | -0.4% | ||
| Q2 24 | -20.9% | 2.2% | ||
| Q1 24 | -20.9% | 1.4% |
每股收益（稀释后）ILPTRGEN
| Q4 25 | $-0.02 | $0.24 | ||
| Q3 25 | $-0.33 | $0.26 | ||
| Q2 25 | $-0.32 | $0.26 | ||
| Q1 25 | $-0.33 | $0.10 | ||
| Q4 24 | $-0.37 | $-0.55 | ||
| Q3 24 | $-0.38 | $-0.01 | ||
| Q2 24 | $-0.35 | $0.06 | ||
| Q1 24 | $-0.36 | $0.04 |
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 | $94.8M | $767.6M |
| 总债务越低越好 | $4.2B | $542.2M |
| 股东权益账面价值 | $489.7M | $2.1B |
| 总资产 | $5.2B | $2.9B |
| 负债/权益比越低杠杆越低 | 8.56× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资ILPTRGEN
| Q4 25 | $94.8M | $767.6M | ||
| Q3 25 | $83.2M | $748.7M | ||
| Q2 25 | $58.6M | $708.9M | ||
| Q1 25 | $108.0M | $697.2M | ||
| Q4 24 | $131.7M | $757.4M | ||
| Q3 24 | $153.9M | $784.0M | ||
| Q2 24 | $146.2M | $809.1M | ||
| Q1 24 | $128.4M | $780.6M |
总债务ILPTRGEN
| Q4 25 | $4.2B | $542.2M | ||
| Q3 25 | $4.2B | $537.9M | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.3B | $525.6M | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.3B | — |
股东权益ILPTRGEN
| Q4 25 | $489.7M | $2.1B | ||
| Q3 25 | $494.1M | $2.1B | ||
| Q2 25 | $519.1M | $2.1B | ||
| Q1 25 | $539.5M | $2.0B | ||
| Q4 24 | $562.0M | $2.0B | ||
| Q3 24 | $585.9M | $2.0B | ||
| Q2 24 | $618.3M | $2.0B | ||
| Q1 24 | $643.2M | $2.0B |
总资产ILPTRGEN
| Q4 25 | $5.2B | $2.9B | ||
| Q3 25 | $5.2B | $2.9B | ||
| Q2 25 | $5.2B | $2.9B | ||
| Q1 25 | $5.4B | $2.9B | ||
| Q4 24 | $5.4B | $2.8B | ||
| Q3 24 | $5.5B | $2.8B | ||
| Q2 24 | $5.5B | $2.9B | ||
| Q1 24 | $5.5B | $2.8B |
负债/权益比ILPTRGEN
| Q4 25 | 8.56× | 0.26× | ||
| Q3 25 | 8.49× | 0.26× | ||
| Q2 25 | 8.09× | — | ||
| Q1 25 | 7.96× | — | ||
| Q4 24 | 7.65× | 0.27× | ||
| Q3 24 | 7.35× | — | ||
| Q2 24 | 6.96× | — | ||
| Q1 24 | 6.70× | — |
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 | $60.7M | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $42.0M | $17.6M |
| 自由现金流率自由现金流/营收 | 36.9% | 8.9% |
| 资本支出强度资本支出/营收 | 16.4% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $79.8M | $93.9M |
8季度趋势，按日历期对齐
经营现金流ILPTRGEN
| Q4 25 | $60.7M | $25.7M | ||
| Q3 25 | $22.7M | $48.1M | ||
| Q2 25 | $18.4M | $28.6M | ||
| Q1 25 | $11.4M | $15.0M | ||
| Q4 24 | $2.0M | $39.2M | ||
| Q3 24 | $-3.4M | $49.3M | ||
| Q2 24 | $10.8M | $42.2M | ||
| Q1 24 | $8.0M | $44.7M |
自由现金流ILPTRGEN
| Q4 25 | $42.0M | $17.6M | ||
| Q3 25 | $17.6M | $43.4M | ||
| Q2 25 | $15.2M | $21.5M | ||
| Q1 25 | $5.0M | $11.4M | ||
| Q4 24 | $-3.7M | $33.6M | ||
| Q3 24 | $-5.9M | $42.3M | ||
| Q2 24 | $9.4M | $37.4M | ||
| Q1 24 | $5.9M | $36.4M |
自由现金流率ILPTRGEN
| Q4 25 | 36.9% | 8.9% | ||
| Q3 25 | 15.9% | 23.0% | ||
| Q2 25 | 13.5% | 11.8% | ||
| Q1 25 | 4.5% | 6.8% | ||
| Q4 24 | -3.4% | 19.3% | ||
| Q3 24 | -5.5% | 27.3% | ||
| Q2 24 | 8.5% | 24.3% | ||
| Q1 24 | 5.2% | 24.0% |
资本支出强度ILPTRGEN
| Q4 25 | 16.4% | 4.1% | ||
| Q3 25 | 4.6% | 2.5% | ||
| Q2 25 | 2.9% | 3.9% | ||
| Q1 25 | 5.7% | 2.1% | ||
| Q4 24 | 5.2% | 3.2% | ||
| Q3 24 | 2.3% | 4.5% | ||
| Q2 24 | 1.3% | 3.1% | ||
| Q1 24 | 1.9% | 5.5% |
现金转化率ILPTRGEN
| Q4 25 | — | 1.93× | ||
| Q3 25 | — | 3.23× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 12.70× | ||
| Q1 24 | — | 21.35× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
