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铱星通信（IRDM）与Regency Centers（REG）财务数据对比。点击上方公司名可切换其他公司
Regency Centers的季度营收约是铱星通信的1.8倍（$404.2M vs $219.1M），Regency Centers净利率更高（50.1% vs 9.9%，领先40.2%），Regency Centers同比增速更快（8.5% vs 1.9%），过去两年Regency Centers的营收复合增速更高（5.4% vs 4.4%）
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
IRDM vs REG — 直观对比
营收规模更大
REG
是对方的1.8倍
$219.1M
营收增速更快
REG
高出6.6%
1.9%
净利率更高
REG
高出40.2%
9.9%
两年增速更快
REG
近两年复合增速
4.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $219.1M | $404.2M |
| 净利润 | $21.6M | $202.5M |
| 毛利率 | — | — |
| 营业利润率 | 23.2% | 71.0% |
| 净利率 | 9.9% | 50.1% |
| 营收同比 | 1.9% | 8.5% |
| 净利润同比 | — | 134.1% |
| 每股收益（稀释后） | — | — |
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IRDMREG
| Q1 26 | $219.1M | — | ||
| Q4 25 | $212.9M | $404.2M | ||
| Q3 25 | $226.9M | $387.6M | ||
| Q2 25 | $216.9M | $380.8M | ||
| Q1 25 | $214.9M | $380.9M | ||
| Q4 24 | $213.0M | $372.5M | ||
| Q3 24 | $212.8M | $360.3M | ||
| Q2 24 | $201.1M | $357.3M |
净利润IRDMREG
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $202.5M | ||
| Q3 25 | $37.1M | $109.4M | ||
| Q2 25 | $22.0M | $106.0M | ||
| Q1 25 | $30.4M | $109.6M | ||
| Q4 24 | $36.3M | $86.5M | ||
| Q3 24 | $24.4M | $101.5M | ||
| Q2 24 | $32.3M | $102.7M |
营业利润率IRDMREG
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 71.0% | ||
| Q3 25 | 30.9% | 72.7% | ||
| Q2 25 | 23.2% | 73.8% | ||
| Q1 25 | 28.1% | 71.8% | ||
| Q4 24 | 24.5% | 71.1% | ||
| Q3 24 | 25.8% | 72.5% | ||
| Q2 24 | 21.7% | 72.3% |
净利率IRDMREG
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 50.1% | ||
| Q3 25 | 16.4% | 28.2% | ||
| Q2 25 | 10.1% | 27.8% | ||
| Q1 25 | 14.2% | 28.8% | ||
| Q4 24 | 17.1% | 23.2% | ||
| Q3 24 | 11.5% | 28.2% | ||
| Q2 24 | 16.1% | 28.7% |
每股收益（稀释后）IRDMREG
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.35 | — | ||
| Q2 25 | $0.20 | — | ||
| Q1 25 | $0.27 | — | ||
| Q4 24 | $0.30 | — | ||
| Q3 24 | $0.21 | — | ||
| Q2 24 | $0.27 | — |
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 | — | — |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | — | $6.9B |
| 总资产 | — | $13.0B |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资IRDMREG
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | — | ||
| Q3 25 | $88.5M | — | ||
| Q2 25 | $79.3M | — | ||
| Q1 25 | $50.9M | — | ||
| Q4 24 | $93.5M | — | ||
| Q3 24 | $159.6M | — | ||
| Q2 24 | $63.5M | — |
总债务IRDMREG
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $4.7B | ||
| Q3 25 | — | $4.9B | ||
| Q2 25 | — | $4.8B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | $1.8B | $4.4B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B |
股东权益IRDMREG
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $6.9B | ||
| Q3 25 | $450.5M | $6.8B | ||
| Q2 25 | $473.6M | $6.7B | ||
| Q1 25 | $518.4M | $6.7B | ||
| Q4 24 | $576.6M | $6.7B | ||
| Q3 24 | $663.8M | $6.8B | ||
| Q2 24 | $786.7M | $6.8B |
总资产IRDMREG
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $13.0B | ||
| Q3 25 | $2.6B | $13.1B | ||
| Q2 25 | $2.6B | $12.7B | ||
| Q1 25 | $2.6B | $12.6B | ||
| Q4 24 | $2.7B | $12.4B | ||
| Q3 24 | $2.8B | $12.4B | ||
| Q2 24 | $2.7B | $12.4B |
负债/权益比IRDMREG
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.69× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | 3.05× | 0.66× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | — | 0.64× |
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 | — | $203.9M |
| 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 | 13.7% | — |
| 现金转化率经营现金流/净利润 | — | 1.01× |
| 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IRDMREG
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $203.9M | ||
| Q3 25 | $100.8M | $218.7M | ||
| Q2 25 | $129.6M | $244.0M | ||
| Q1 25 | $61.1M | $161.0M | ||
| Q4 24 | $104.8M | $191.4M | ||
| Q3 24 | $118.6M | $227.6M | ||
| Q2 24 | $81.1M | $203.5M |
自由现金流IRDMREG
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | — | ||
| Q3 25 | $79.2M | — | ||
| Q2 25 | $108.9M | — | ||
| Q1 25 | $36.5M | — | ||
| Q4 24 | $80.5M | — | ||
| Q3 24 | $100.0M | — | ||
| Q2 24 | $68.7M | — |
自由现金流率IRDMREG
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | — | ||
| Q3 25 | 34.9% | — | ||
| Q2 25 | 50.2% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 37.8% | — | ||
| Q3 24 | 47.0% | — | ||
| Q2 24 | 34.2% | — |
资本支出强度IRDMREG
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | — | ||
| Q3 25 | 9.5% | — | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 6.2% | — |
现金转化率IRDMREG
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 1.01× | ||
| Q3 25 | 2.71× | 2.00× | ||
| Q2 25 | 5.90× | 2.30× | ||
| Q1 25 | 2.01× | 1.47× | ||
| Q4 24 | 2.88× | 2.21× | ||
| Q3 24 | 4.85× | 2.24× | ||
| Q2 24 | 2.51× | 1.98× |
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
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
