vs
J&J SNACK FOODS CORP（JJSF）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J&J SNACK FOODS CORP的1.4倍（$492.9M vs $343.8M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs 0.3%，领先19.4%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs -5.2%），过去两年J&J SNACK FOODS CORP的营收复合增速更高（-2.2% vs -2.9%）
强生休闲食品公司（J&J Snack Foods Corp.）是美国知名的品牌休闲食品与冷冻饮品生产商、营销商及分销商，总部位于新泽西州芒特劳雷尔，在全美44个州、墨西哥及加拿大设有超175个生产、仓储及配送设施，于纳斯达克全球精选市场上市，业务覆盖国内外市场。
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。
JJSF vs STWD — 直观对比
营收规模更大
STWD
是对方的1.4倍
$343.8M
营收增速更快
STWD
高出13.7%
-5.2%
净利率更高
STWD
高出19.4%
0.3%
两年增速更快
JJSF
近两年复合增速
-2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $343.8M | $492.9M |
| 净利润 | $883.0K | $96.9M |
| 毛利率 | 27.9% | — |
| 营业利润率 | 0.2% | 26.6% |
| 净利率 | 0.3% | 19.7% |
| 营收同比 | -5.2% | 8.5% |
| 净利润同比 | -82.8% | 87.7% |
| 每股收益（稀释后） | $0.05 | $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JJSFSTWD
| Q4 25 | $343.8M | $492.9M | ||
| Q3 25 | $410.2M | $488.9M | ||
| Q2 25 | $454.3M | $444.3M | ||
| Q1 25 | $356.1M | $418.2M | ||
| Q4 24 | $362.6M | $454.4M | ||
| Q3 24 | $426.8M | $479.5M | ||
| Q2 24 | $440.0M | $489.8M | ||
| Q1 24 | $359.7M | $523.1M |
净利润JJSFSTWD
| Q4 25 | $883.0K | $96.9M | ||
| Q3 25 | $11.4M | $72.6M | ||
| Q2 25 | $44.2M | $129.8M | ||
| Q1 25 | $4.8M | $112.3M | ||
| Q4 24 | $5.1M | $51.6M | ||
| Q3 24 | $29.6M | $76.1M | ||
| Q2 24 | $36.3M | $77.9M | ||
| Q1 24 | $13.3M | $154.3M |
毛利率JJSFSTWD
| Q4 25 | 27.9% | — | ||
| Q3 25 | 31.7% | — | ||
| Q2 25 | 33.0% | — | ||
| Q1 25 | 26.9% | — | ||
| Q4 24 | 25.9% | — | ||
| Q3 24 | 31.8% | — | ||
| Q2 24 | 33.6% | — | ||
| Q1 24 | 30.1% | — |
营业利润率JJSFSTWD
| Q4 25 | 0.2% | 26.6% | ||
| Q3 25 | 2.8% | 19.1% | ||
| Q2 25 | 13.3% | 30.5% | ||
| Q1 25 | 1.7% | 28.7% | ||
| Q4 24 | 1.7% | 15.1% | ||
| Q3 24 | 9.3% | 17.2% | ||
| Q2 24 | 11.4% | 19.1% | ||
| Q1 24 | 5.0% | 30.8% |
净利率JJSFSTWD
| Q4 25 | 0.3% | 19.7% | ||
| Q3 25 | 2.8% | 14.8% | ||
| Q2 25 | 9.7% | 29.2% | ||
| Q1 25 | 1.4% | 26.8% | ||
| Q4 24 | 1.4% | 11.4% | ||
| Q3 24 | 6.9% | 15.9% | ||
| Q2 24 | 8.3% | 15.9% | ||
| Q1 24 | 3.7% | 29.5% |
每股收益（稀释后）JJSFSTWD
| Q4 25 | $0.05 | $0.25 | ||
| Q3 25 | $0.59 | $0.19 | ||
| Q2 25 | $2.26 | $0.38 | ||
| Q1 25 | $0.25 | $0.33 | ||
| Q4 24 | $0.26 | $0.15 | ||
| Q3 24 | $1.52 | $0.23 | ||
| Q2 24 | $1.87 | $0.24 | ||
| Q1 24 | $0.69 | $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 | $66.8M | $499.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $912.9M | $6.8B |
| 总资产 | $1.3B | $63.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资JJSFSTWD
| Q4 25 | $66.8M | $499.5M | ||
| Q3 25 | $105.9M | $301.1M | ||
| Q2 25 | $77.4M | $259.9M | ||
| Q1 25 | $48.5M | $440.6M | ||
| Q4 24 | $73.6M | $377.8M | ||
| Q3 24 | $73.4M | $357.9M | ||
| Q2 24 | $64.0M | $259.3M | ||
| Q1 24 | $43.6M | $327.4M |
股东权益JJSFSTWD
| Q4 25 | $912.9M | $6.8B | ||
| Q3 25 | $966.7M | $6.9B | ||
| Q2 25 | $969.9M | $6.4B | ||
| Q1 25 | $935.0M | $6.4B | ||
| Q4 24 | $946.8M | $6.4B | ||
| Q3 24 | $957.0M | $6.5B | ||
| Q2 24 | $937.9M | $6.2B | ||
| Q1 24 | $915.7M | $6.3B |
总资产JJSFSTWD
| Q4 25 | $1.3B | $63.2B | ||
| Q3 25 | $1.4B | $62.4B | ||
| Q2 25 | $1.4B | $62.4B | ||
| Q1 25 | $1.4B | $62.2B | ||
| Q4 24 | $1.3B | $62.6B | ||
| Q3 24 | $1.4B | $64.2B | ||
| Q2 24 | $1.4B | $64.1B | ||
| Q1 24 | $1.3B | $66.2B |
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 | $36.0M | $488.8M |
| 自由现金流经营现金流 - 资本支出 | $17.0M | — |
| 自由现金流率自由现金流/营收 | 4.9% | — |
| 资本支出强度资本支出/营收 | 5.5% | — |
| 现金转化率经营现金流/净利润 | 40.73× | 5.04× |
| 过去12个月自由现金流最近4个季度 | $83.1M | — |
8季度趋势，按日历期对齐
经营现金流JJSFSTWD
| Q4 25 | $36.0M | $488.8M | ||
| Q3 25 | $66.4M | $337.6M | ||
| Q2 25 | $51.2M | $-87.4M | ||
| Q1 25 | $12.3M | $238.9M | ||
| Q4 24 | $35.2M | $295.6M | ||
| Q3 24 | $46.3M | $241.8M | ||
| Q2 24 | $65.0M | $53.3M | ||
| Q1 24 | $12.7M | $55.9M |
自由现金流JJSFSTWD
| Q4 25 | $17.0M | — | ||
| Q3 25 | $44.8M | — | ||
| Q2 25 | $28.5M | — | ||
| Q1 25 | $-7.2M | — | ||
| Q4 24 | $16.1M | — | ||
| Q3 24 | $29.1M | — | ||
| Q2 24 | $45.3M | — | ||
| Q1 24 | $-4.0M | — |
自由现金流率JJSFSTWD
| Q4 25 | 4.9% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | -2.0% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 6.8% | — | ||
| Q2 24 | 10.3% | — | ||
| Q1 24 | -1.1% | — |
资本支出强度JJSFSTWD
| Q4 25 | 5.5% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 4.0% | — | ||
| Q2 24 | 4.5% | — | ||
| Q1 24 | 4.6% | — |
现金转化率JJSFSTWD
| Q4 25 | 40.73× | 5.04× | ||
| Q3 25 | 5.84× | 4.65× | ||
| Q2 25 | 1.16× | -0.67× | ||
| Q1 25 | 2.55× | 2.13× | ||
| Q4 24 | 6.84× | 5.72× | ||
| Q3 24 | 1.56× | 3.18× | ||
| Q2 24 | 1.79× | 0.68× | ||
| Q1 24 | 0.96× | 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
JJSF
| Food Service | $219.2M | 64% |
| Frozen Beverages | $78.7M | 23% |
| Repair And Maintenance Service | $22.5M | 7% |
| Other | $12.7M | 4% |
| Machine Sales | $10.7M | 3% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
