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KeyCorp（KEY）与Welltower（WELL）财务数据对比。点击上方公司名可切换其他公司
Welltower的季度营收约是KeyCorp的1.7倍（$3.4B vs $2.0B），KeyCorp净利率更高（25.4% vs 22.4%，领先3.0%），KeyCorp同比增速更快（131.8% vs 38.3%），过去两年Welltower的营收复合增速更高（55.1% vs 14.4%）
Key是日本知名视觉小说工作室，1998年7月21日作为发行商Visual Arts旗下品牌成立，总部位于大阪市北区。工作室主打剧情向作品，擅长创作情感饱满、情节跌宕的戏剧类内容，旗下多款作品深受全球ACG爱好者喜爱。
Welltower Inc.是一家专注于医疗基础设施领域的房地产投资信托企业，核心业务为医疗类地产投资运营。截至2022年12月31日，公司投资的物业总量约3000处，全部布局于美国、加拿大及英国市场，是全球医疗地产投资领域的代表性企业之一。
KEY vs WELL — 直观对比
营收规模更大
WELL
是对方的1.7倍
$2.0B
营收增速更快
KEY
高出93.5%
38.3%
净利率更高
KEY
高出3.0%
22.4%
两年增速更快
WELL
近两年复合增速
14.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.4B |
| 净利润 | $510.0M | $752.3M |
| 毛利率 | — | — |
| 营业利润率 | 32.3% | — |
| 净利率 | 25.4% | 22.4% |
| 营收同比 | 131.8% | 38.3% |
| 净利润同比 | 309.0% | 192.4% |
| 每股收益（稀释后） | $0.43 | — |
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KEYWELL
| Q1 26 | — | $3.4B | ||
| Q4 25 | $2.0B | $2.6B | ||
| Q3 25 | $1.9B | $2.1B | ||
| Q2 25 | $1.8B | $2.0B | ||
| Q1 25 | $1.8B | $1.9B | ||
| Q4 24 | $865.0M | $1.8B | ||
| Q3 24 | $695.0M | $1.5B | ||
| Q2 24 | $1.5B | $1.4B |
净利润KEYWELL
| Q1 26 | — | $752.3M | ||
| Q4 25 | $510.0M | $117.8M | ||
| Q3 25 | $489.0M | $282.2M | ||
| Q2 25 | $425.0M | $304.6M | ||
| Q1 25 | $405.0M | $257.3M | ||
| Q4 24 | $-244.0M | $123.8M | ||
| Q3 24 | $-410.0M | $456.8M | ||
| Q2 24 | $274.0M | $260.7M |
毛利率KEYWELL
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 20.0% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | — | 20.2% |
营业利润率KEYWELL
| Q1 26 | — | — | ||
| Q4 25 | 32.3% | — | ||
| Q3 25 | 31.8% | 14.2% | ||
| Q2 25 | 29.3% | 15.1% | ||
| Q1 25 | 29.0% | 10.7% | ||
| Q4 24 | -92.6% | 6.2% | ||
| Q3 24 | -72.8% | 12.2% | ||
| Q2 24 | 22.0% | 6.5% |
净利率KEYWELL
| Q1 26 | — | 22.4% | ||
| Q4 25 | 25.4% | 4.6% | ||
| Q3 25 | 25.8% | 13.7% | ||
| Q2 25 | 23.1% | 15.5% | ||
| Q1 25 | 22.8% | 13.8% | ||
| Q4 24 | -54.7% | 7.0% | ||
| Q3 24 | -59.0% | 30.2% | ||
| Q2 24 | 18.0% | 18.7% |
每股收益（稀释后）KEYWELL
| Q1 26 | — | — | ||
| Q4 25 | $0.43 | $0.13 | ||
| Q3 25 | $0.41 | $0.41 | ||
| Q2 25 | $0.35 | $0.45 | ||
| Q1 25 | $0.33 | $0.40 | ||
| Q4 24 | $-0.30 | $0.20 | ||
| Q3 24 | $-0.47 | $0.73 | ||
| Q2 24 | $0.25 | $0.42 |
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 | $10.2B | $4.7B |
| 总债务越低越好 | $9.9B | — |
| 股东权益账面价值 | $20.4B | $44.7B |
| 总资产 | $184.4B | $67.2B |
| 负债/权益比越低杠杆越低 | 0.49× | — |
8季度趋势，按日历期对齐
现金及短期投资KEYWELL
| Q1 26 | — | $4.7B | ||
| Q4 25 | $10.2B | $5.0B | ||
| Q3 25 | $13.3B | $6.8B | ||
| Q2 25 | $11.6B | $4.4B | ||
| Q1 25 | $15.3B | $3.5B | ||
| Q4 24 | $17.5B | $3.5B | ||
| Q3 24 | $22.8B | $3.6B | ||
| Q2 24 | $15.5B | $2.8B |
总债务KEYWELL
| Q1 26 | — | — | ||
| Q4 25 | $9.9B | $19.2B | ||
| Q3 25 | $10.9B | $16.9B | ||
| Q2 25 | $12.1B | $16.0B | ||
| Q1 25 | $12.4B | $15.7B | ||
| Q4 24 | $12.1B | $15.5B | ||
| Q3 24 | $15.7B | $15.8B | ||
| Q2 24 | $16.9B | $13.9B |
股东权益KEYWELL
| Q1 26 | — | $44.7B | ||
| Q4 25 | $20.4B | $42.1B | ||
| Q3 25 | $20.1B | $38.8B | ||
| Q2 25 | $19.5B | $35.9B | ||
| Q1 25 | $19.0B | $34.0B | ||
| Q4 24 | $18.2B | $32.0B | ||
| Q3 24 | $16.9B | $30.3B | ||
| Q2 24 | $14.8B | $29.0B |
总资产KEYWELL
| Q1 26 | — | $67.2B | ||
| Q4 25 | $184.4B | $67.3B | ||
| Q3 25 | $187.4B | $59.5B | ||
| Q2 25 | $185.5B | $55.8B | ||
| Q1 25 | $188.7B | $53.3B | ||
| Q4 24 | $187.2B | $51.0B | ||
| Q3 24 | $189.8B | $49.0B | ||
| Q2 24 | $187.4B | $45.5B |
负债/权益比KEYWELL
| Q1 26 | — | — | ||
| Q4 25 | 0.49× | 0.46× | ||
| Q3 25 | 0.54× | 0.43× | ||
| Q2 25 | 0.62× | 0.44× | ||
| Q1 25 | 0.65× | 0.46× | ||
| Q4 24 | 0.67× | 0.49× | ||
| Q3 24 | 0.93× | 0.52× | ||
| Q2 24 | 1.14× | 0.48× |
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 | $2.2B | — |
| 自由现金流经营现金流 - 资本支出 | $2.1B | — |
| 自由现金流率自由现金流/营收 | 104.8% | — |
| 资本支出强度资本支出/营收 | 5.3% | — |
| 现金转化率经营现金流/净利润 | 4.33× | — |
| 过去12个月自由现金流最近4个季度 | $3.5B | — |
8季度趋势，按日历期对齐
经营现金流KEYWELL
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $654.3M | ||
| Q3 25 | $396.0M | $858.4M | ||
| Q2 25 | $1.2B | $770.0M | ||
| Q1 25 | $-140.0M | $599.0M | ||
| Q4 24 | $664.0M | $559.2M | ||
| Q3 24 | $-1.2B | $685.0M | ||
| Q2 24 | $-217.0M | $605.4M |
自由现金流KEYWELL
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $340.4M | ||
| Q3 25 | $367.0M | $595.3M | ||
| Q2 25 | $1.2B | $537.2M | ||
| Q1 25 | $-150.0M | $358.6M | ||
| Q4 24 | $599.0M | $240.4M | ||
| Q3 24 | $-1.2B | $443.8M | ||
| Q2 24 | $-230.0M | $440.3M |
自由现金流率KEYWELL
| Q1 26 | — | — | ||
| Q4 25 | 104.8% | 13.3% | ||
| Q3 25 | 19.4% | 28.9% | ||
| Q2 25 | 65.8% | 27.3% | ||
| Q1 25 | -8.5% | 19.2% | ||
| Q4 24 | 69.2% | 13.6% | ||
| Q3 24 | -175.8% | 29.4% | ||
| Q2 24 | -15.1% | 31.6% |
资本支出强度KEYWELL
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | 12.3% | ||
| Q3 25 | 1.5% | 12.8% | ||
| Q2 25 | 1.3% | 11.8% | ||
| Q1 25 | 0.6% | 12.9% | ||
| Q4 24 | 7.5% | 18.1% | ||
| Q3 24 | 2.4% | 16.0% | ||
| Q2 24 | 0.9% | 11.8% |
现金转化率KEYWELL
| Q1 26 | — | — | ||
| Q4 25 | 4.33× | 5.56× | ||
| Q3 25 | 0.81× | 3.04× | ||
| Q2 25 | 2.90× | 2.53× | ||
| Q1 25 | -0.35× | 2.33× | ||
| Q4 24 | — | 4.52× | ||
| Q3 24 | — | 1.50× | ||
| Q2 24 | -0.79× | 2.32× |
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
KEY
暂无分部数据
WELL
| Resident fees and services | $2.8B | 83% |
| Rental income | $453.8M | 14% |
| Other | $117.2M | 3% |
