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LTC PROPERTIES INC（LTC）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是LTC PROPERTIES INC的1.2倍（$100.0M vs $84.3M），LTC PROPERTIES INC净利率更高（123.0% vs -7.0%，领先130.0%），LTC PROPERTIES INC同比增速更快（60.3% vs 14.5%），LTC PROPERTIES INC自由现金流更多（$128.7M vs $14.1M），过去两年LTC PROPERTIES INC的营收复合增速更高（28.1% vs -4.9%）
LTC Properties Inc是一家总部位于美国的房地产投资信托企业，核心业务为持有、融资及运营老年住宅与医疗相关不动产，投资组合涵盖辅助生活设施、专业护理物业、记忆照护中心及独立生活社区，服务美国养老与医疗领域运营方。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
LTC vs SWIM — 直观对比
营收规模更大
SWIM
是对方的1.2倍
$84.3M
营收增速更快
LTC
高出45.8%
14.5%
净利率更高
LTC
高出130.0%
-7.0%
自由现金流更多
LTC
多$114.6M
$14.1M
两年增速更快
LTC
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $84.3M | $100.0M |
| 净利润 | $103.7M | $-7.0M |
| 毛利率 | — | 28.0% |
| 营业利润率 | — | -10.7% |
| 净利率 | 123.0% | -7.0% |
| 营收同比 | 60.3% | 14.5% |
| 净利润同比 | 429.1% | 76.0% |
| 每股收益（稀释后） | $2.19 | $-0.06 |
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LTCSWIM
| Q4 25 | $84.3M | $100.0M | ||
| Q3 25 | $69.3M | $161.9M | ||
| Q2 25 | $60.2M | $172.6M | ||
| Q1 25 | $49.0M | $111.4M | ||
| Q4 24 | $52.6M | $87.3M | ||
| Q3 24 | $55.8M | $150.5M | ||
| Q2 24 | $50.1M | $160.1M | ||
| Q1 24 | $51.4M | $110.6M |
净利润LTCSWIM
| Q4 25 | $103.7M | $-7.0M | ||
| Q3 25 | $-20.0M | $8.1M | ||
| Q2 25 | $15.1M | $16.0M | ||
| Q1 25 | $20.7M | $-6.0M | ||
| Q4 24 | $19.6M | $-29.2M | ||
| Q3 24 | $29.4M | $5.9M | ||
| Q2 24 | $19.4M | $13.3M | ||
| Q1 24 | $24.2M | $-7.9M |
毛利率LTCSWIM
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 27.7% |
营业利润率LTCSWIM
| Q4 25 | — | -10.7% | ||
| Q3 25 | 71.9% | 13.3% | ||
| Q2 25 | 80.5% | 14.3% | ||
| Q1 25 | 37.8% | -4.4% | ||
| Q4 24 | — | -14.9% | ||
| Q3 24 | 95.5% | 8.9% | ||
| Q2 24 | 38.0% | 12.5% | ||
| Q1 24 | 47.3% | -1.9% |
净利率LTCSWIM
| Q4 25 | 123.0% | -7.0% | ||
| Q3 25 | -28.9% | 5.0% | ||
| Q2 25 | 25.1% | 9.3% | ||
| Q1 25 | 42.2% | -5.4% | ||
| Q4 24 | 37.3% | -33.4% | ||
| Q3 24 | 52.6% | 3.9% | ||
| Q2 24 | 38.6% | 8.3% | ||
| Q1 24 | 47.2% | -7.1% |
每股收益（稀释后）LTCSWIM
| Q4 25 | $2.19 | $-0.06 | ||
| Q3 25 | $-0.44 | $0.07 | ||
| Q2 25 | $0.32 | $0.13 | ||
| Q1 25 | $0.45 | $-0.05 | ||
| Q4 24 | $0.38 | $-0.24 | ||
| Q3 24 | $0.66 | $0.05 | ||
| Q2 24 | $0.44 | $0.11 | ||
| Q1 24 | $0.56 | $-0.07 |
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 | $14.4M | — |
| 总债务越低越好 | $842.2M | $279.8M |
| 股东权益账面价值 | $1.1B | $405.9M |
| 总资产 | $2.1B | $823.2M |
| 负债/权益比越低杠杆越低 | 0.78× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资LTCSWIM
| Q4 25 | $14.4M | — | ||
| Q3 25 | $17.9M | — | ||
| Q2 25 | $7.6M | — | ||
| Q1 25 | $23.3M | — | ||
| Q4 24 | $9.4M | — | ||
| Q3 24 | $35.0M | — | ||
| Q2 24 | $6.2M | — | ||
| Q1 24 | $9.0M | — |
总债务LTCSWIM
| Q4 25 | $842.2M | $279.8M | ||
| Q3 25 | $944.5M | $281.1M | ||
| Q2 25 | $696.5M | $281.5M | ||
| Q1 25 | $682.2M | $306.9M | ||
| Q4 24 | $684.6M | $281.5M | ||
| Q3 24 | $785.3M | $282.8M | ||
| Q2 24 | $861.0M | $282.4M | ||
| Q1 24 | $860.2M | $282.8M |
股东权益LTCSWIM
| Q4 25 | $1.1B | $405.9M | ||
| Q3 25 | $957.9M | $408.4M | ||
| Q2 25 | $957.5M | $398.4M | ||
| Q1 25 | $961.9M | $381.1M | ||
| Q4 24 | $960.6M | $387.2M | ||
| Q3 24 | $947.8M | $416.6M | ||
| Q2 24 | $889.1M | $408.1M | ||
| Q1 24 | $886.2M | $391.8M |
总资产LTCSWIM
| Q4 25 | $2.1B | $823.2M | ||
| Q3 25 | $2.0B | $844.4M | ||
| Q2 25 | $1.8B | $822.1M | ||
| Q1 25 | $1.8B | $824.6M | ||
| Q4 24 | $1.8B | $794.2M | ||
| Q3 24 | $1.9B | $853.4M | ||
| Q2 24 | $1.9B | $830.0M | ||
| Q1 24 | $1.8B | $808.6M |
负债/权益比LTCSWIM
| Q4 25 | 0.78× | 0.69× | ||
| Q3 25 | 0.99× | 0.69× | ||
| Q2 25 | 0.73× | 0.71× | ||
| Q1 25 | 0.71× | 0.81× | ||
| Q4 24 | 0.71× | 0.73× | ||
| Q3 24 | 0.83× | 0.68× | ||
| Q2 24 | 0.97× | 0.69× | ||
| Q1 24 | 0.97× | 0.72× |
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 | $136.0M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $128.7M | $14.1M |
| 自由现金流率自由现金流/营收 | 152.7% | 14.1% |
| 资本支出强度资本支出/营收 | 8.6% | 9.2% |
| 现金转化率经营现金流/净利润 | 1.31× | — |
| 过去12个月自由现金流最近4个季度 | $220.1M | $38.0M |
8季度趋势，按日历期对齐
经营现金流LTCSWIM
| Q4 25 | $136.0M | $23.3M | ||
| Q3 25 | $38.4M | $51.0M | ||
| Q2 25 | $30.0M | $36.0M | ||
| Q1 25 | $29.6M | $-46.9M | ||
| Q4 24 | $125.9M | $6.2M | ||
| Q3 24 | $34.0M | $37.2M | ||
| Q2 24 | $37.0M | $52.4M | ||
| Q1 24 | $21.1M | $-34.5M |
自由现金流LTCSWIM
| Q4 25 | $128.7M | $14.1M | ||
| Q3 25 | $34.3M | $45.2M | ||
| Q2 25 | $28.9M | $29.1M | ||
| Q1 25 | $28.2M | $-50.3M | ||
| Q4 24 | $112.2M | $-98.0K | ||
| Q3 24 | $27.7M | $33.2M | ||
| Q2 24 | $34.7M | $47.9M | ||
| Q1 24 | $19.7M | $-39.9M |
自由现金流率LTCSWIM
| Q4 25 | 152.7% | 14.1% | ||
| Q3 25 | 49.4% | 27.9% | ||
| Q2 25 | 47.9% | 16.8% | ||
| Q1 25 | 57.6% | -45.2% | ||
| Q4 24 | 213.4% | -0.1% | ||
| Q3 24 | 49.7% | 22.1% | ||
| Q2 24 | 69.1% | 29.9% | ||
| Q1 24 | 38.4% | -36.0% |
资本支出强度LTCSWIM
| Q4 25 | 8.6% | 9.2% | ||
| Q3 25 | 6.0% | 3.6% | ||
| Q2 25 | 1.9% | 4.0% | ||
| Q1 25 | 2.7% | 3.1% | ||
| Q4 24 | 26.0% | 7.2% | ||
| Q3 24 | 11.2% | 2.7% | ||
| Q2 24 | 4.6% | 2.8% | ||
| Q1 24 | 2.6% | 4.8% |
现金转化率LTCSWIM
| Q4 25 | 1.31× | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | 1.99× | 2.25× | ||
| Q1 25 | 1.43× | — | ||
| Q4 24 | 6.43× | — | ||
| Q3 24 | 1.16× | 6.32× | ||
| Q2 24 | 1.91× | 3.95× | ||
| Q1 24 | 0.87× | — |
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
LTC
| Seniors Housing Operating Portfolio Segment | $72.1M | 86% |
| Other | $12.2M | 14% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
