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INTERPARFUMS INC（IPAR）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INTERPARFUMS INC的1.3倍（$492.9M vs $386.2M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs 7.3%，领先12.4%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs 6.8%），过去两年INTERPARFUMS INC的营收复合增速更高（9.2% vs -2.9%）
Inter Parfums Inc是全球知名的高端香水企业，开发、生产并销售多款授权香水、身体护理及相关美妆产品，与多家顶级奢侈时尚生活方式品牌合作推出联名香氛系列，产品覆盖全球主要市场，通过百货、美妆专营店及官方电商渠道触达消费者。
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。
IPAR vs STWD — 直观对比
营收规模更大
STWD
是对方的1.3倍
$386.2M
营收增速更快
STWD
高出1.7%
6.8%
净利率更高
STWD
高出12.4%
7.3%
两年增速更快
IPAR
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.2M | $492.9M |
| 净利润 | $28.1M | $96.9M |
| 毛利率 | 61.5% | — |
| 营业利润率 | 7.1% | 26.6% |
| 净利率 | 7.3% | 19.7% |
| 营收同比 | 6.8% | 8.5% |
| 净利润同比 | 16.0% | 87.7% |
| 每股收益（稀释后） | $0.88 | $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IPARSTWD
| Q4 25 | $386.2M | $492.9M | ||
| Q3 25 | $429.6M | $488.9M | ||
| Q2 25 | $333.9M | $444.3M | ||
| Q1 25 | $338.8M | $418.2M | ||
| Q4 24 | $361.5M | $454.4M | ||
| Q3 24 | $424.6M | $479.5M | ||
| Q2 24 | $342.2M | $489.8M | ||
| Q1 24 | $324.0M | $523.1M |
净利润IPARSTWD
| Q4 25 | $28.1M | $96.9M | ||
| Q3 25 | $65.8M | $72.6M | ||
| Q2 25 | $32.0M | $129.8M | ||
| Q1 25 | $42.5M | $112.3M | ||
| Q4 24 | $24.2M | $51.6M | ||
| Q3 24 | $62.3M | $76.1M | ||
| Q2 24 | $36.8M | $77.9M | ||
| Q1 24 | $41.0M | $154.3M |
毛利率IPARSTWD
| Q4 25 | 61.5% | — | ||
| Q3 25 | 63.5% | — | ||
| Q2 25 | 66.2% | — | ||
| Q1 25 | 63.7% | — | ||
| Q4 24 | 64.5% | — | ||
| Q3 24 | 63.9% | — | ||
| Q2 24 | 64.5% | — | ||
| Q1 24 | 62.5% | — |
营业利润率IPARSTWD
| Q4 25 | 7.1% | 26.6% | ||
| Q3 25 | 25.3% | 19.1% | ||
| Q2 25 | 17.7% | 30.5% | ||
| Q1 25 | 22.2% | 28.7% | ||
| Q4 24 | 10.0% | 15.1% | ||
| Q3 24 | 25.0% | 17.2% | ||
| Q2 24 | 18.9% | 19.1% | ||
| Q1 24 | 21.0% | 30.8% |
净利率IPARSTWD
| Q4 25 | 7.3% | 19.7% | ||
| Q3 25 | 15.3% | 14.8% | ||
| Q2 25 | 9.6% | 29.2% | ||
| Q1 25 | 12.5% | 26.8% | ||
| Q4 24 | 6.7% | 11.4% | ||
| Q3 24 | 14.7% | 15.9% | ||
| Q2 24 | 10.8% | 15.9% | ||
| Q1 24 | 12.7% | 29.5% |
每股收益（稀释后）IPARSTWD
| Q4 25 | $0.88 | $0.25 | ||
| Q3 25 | $2.05 | $0.19 | ||
| Q2 25 | $0.99 | $0.38 | ||
| Q1 25 | $1.32 | $0.33 | ||
| Q4 24 | $0.78 | $0.15 | ||
| Q3 24 | $1.93 | $0.23 | ||
| Q2 24 | $1.14 | $0.24 | ||
| Q1 24 | $1.27 | $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 | $137.1M | $499.5M |
| 总债务越低越好 | $176.0M | — |
| 股东权益账面价值 | $880.7M | $6.8B |
| 总资产 | $1.6B | $63.2B |
| 负债/权益比越低杠杆越低 | 0.20× | — |
8季度趋势，按日历期对齐
现金及短期投资IPARSTWD
| Q4 25 | $137.1M | $499.5M | ||
| Q3 25 | $77.5M | $301.1M | ||
| Q2 25 | $53.9M | $259.9M | ||
| Q1 25 | $75.3M | $440.6M | ||
| Q4 24 | $109.3M | $377.8M | ||
| Q3 24 | $78.8M | $357.9M | ||
| Q2 24 | $37.7M | $259.3M | ||
| Q1 24 | $76.1M | $327.4M |
总债务IPARSTWD
| Q4 25 | $176.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $157.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IPARSTWD
| Q4 25 | $880.7M | $6.8B | ||
| Q3 25 | $870.9M | $6.9B | ||
| Q2 25 | $839.4M | $6.4B | ||
| Q1 25 | $788.6M | $6.4B | ||
| Q4 24 | $744.9M | $6.4B | ||
| Q3 24 | $778.5M | $6.5B | ||
| Q2 24 | $717.1M | $6.2B | ||
| Q1 24 | $708.1M | $6.3B |
总资产IPARSTWD
| Q4 25 | $1.6B | $63.2B | ||
| Q3 25 | $1.6B | $62.4B | ||
| Q2 25 | $1.6B | $62.4B | ||
| Q1 25 | $1.4B | $62.2B | ||
| Q4 24 | $1.4B | $62.6B | ||
| Q3 24 | $1.5B | $64.2B | ||
| Q2 24 | $1.4B | $64.1B | ||
| Q1 24 | $1.3B | $66.2B |
负债/权益比IPARSTWD
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.21× | — | ||
| 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 | $146.5M | $488.8M |
| 自由现金流经营现金流 - 资本支出 | $145.0M | — |
| 自由现金流率自由现金流/营收 | 37.5% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | 5.21× | 5.04× |
| 过去12个月自由现金流最近4个季度 | $190.5M | — |
8季度趋势，按日历期对齐
经营现金流IPARSTWD
| Q4 25 | $146.5M | $488.8M | ||
| Q3 25 | $63.9M | $337.6M | ||
| Q2 25 | $11.9M | $-87.4M | ||
| Q1 25 | $-7.4M | $238.9M | ||
| Q4 24 | $138.0M | $295.6M | ||
| Q3 24 | $76.1M | $241.8M | ||
| Q2 24 | $25.5M | $53.3M | ||
| Q1 24 | $-52.0M | $55.9M |
自由现金流IPARSTWD
| Q4 25 | $145.0M | — | ||
| Q3 25 | $57.6M | — | ||
| Q2 25 | $-3.3M | — | ||
| Q1 25 | $-8.8M | — | ||
| Q4 24 | $136.1M | — | ||
| Q3 24 | $75.4M | — | ||
| Q2 24 | $24.4M | — | ||
| Q1 24 | $-53.0M | — |
自由现金流率IPARSTWD
| Q4 25 | 37.5% | — | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | -1.0% | — | ||
| Q1 25 | -2.6% | — | ||
| Q4 24 | 37.7% | — | ||
| Q3 24 | 17.8% | — | ||
| Q2 24 | 7.1% | — | ||
| Q1 24 | -16.4% | — |
资本支出强度IPARSTWD
| Q4 25 | 0.4% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 4.5% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.3% | — |
现金转化率IPARSTWD
| Q4 25 | 5.21× | 5.04× | ||
| Q3 25 | 0.97× | 4.65× | ||
| Q2 25 | 0.37× | -0.67× | ||
| Q1 25 | -0.17× | 2.13× | ||
| Q4 24 | 5.69× | 5.72× | ||
| Q3 24 | 1.22× | 3.18× | ||
| Q2 24 | 0.69× | 0.68× | ||
| Q1 24 | -1.27× | 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
IPAR
| European Based Operations | $232.7M | 60% |
| United States Based Operations | $155.2M | 40% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
