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LXP Industrial Trust（LXP）与Vivid Seats Inc.（SEAT）财务数据对比。点击上方公司名可切换其他公司
Vivid Seats Inc.的季度营收约是LXP Industrial Trust的1.1倍（$97.5M vs $86.7M），Vivid Seats Inc.净利率更高（1212.8% vs 33.2%，领先1179.6%），LXP Industrial Trust同比增速更快（-14.0% vs -41.0%），过去两年LXP Industrial Trust的营收复合增速更高（0.3% vs -21.9%）
LXP工业信托是一家公开上市的房地产投资信托，专注于持有、运营和投资美国核心市场的优质工业地产，主要涵盖配送中心、物流设施及轻型工业物业，服务电商、第三方物流、先进制造等领域租户，为投资者创造长期稳定收益。
Vivid Seats Inc.是一家美国在线票务交易与转售企业，目前是ESPN、联合航空、旧金山49人队、洛杉矶闪电队等多家体育队伍与媒体机构的官方票务合作伙伴，还推出了会员奖励计划，消费者购票可累计积分，同时该公司也是倡导网络中立性的互联网协会成员。
LXP vs SEAT — 直观对比
营收规模更大
SEAT
是对方的1.1倍
$86.7M
营收增速更快
LXP
高出27.0%
-41.0%
净利率更高
SEAT
高出1179.6%
33.2%
两年增速更快
LXP
近两年复合增速
-21.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $86.7M | $97.5M |
| 净利润 | $28.8M | $1.2B |
| 毛利率 | 81.5% | — |
| 营业利润率 | 34.6% | — |
| 净利率 | 33.2% | 1212.8% |
| 营收同比 | -14.0% | -41.0% |
| 净利润同比 | — | 12369.2% |
| 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LXPSEAT
| Q4 25 | $86.7M | $97.5M | ||
| Q3 25 | $86.9M | $104.8M | ||
| Q2 25 | $87.7M | $114.5M | ||
| Q1 25 | $88.9M | $133.7M | ||
| Q4 24 | $100.9M | $165.2M | ||
| Q3 24 | $85.6M | $152.7M | ||
| Q2 24 | $85.8M | $170.0M | ||
| Q1 24 | $86.3M | $160.0M |
净利润LXPSEAT
| Q4 25 | $28.8M | $1.2B | ||
| Q3 25 | $36.3M | $-30.2M | ||
| Q2 25 | $29.1M | $-335.4M | ||
| Q1 25 | $19.0M | $-10.6M | ||
| Q4 24 | — | $-9.6M | ||
| Q3 24 | $6.3M | $10.6M | ||
| Q2 24 | $5.4M | $-437.0K | ||
| Q1 24 | $-269.0K | $12.9M |
毛利率LXPSEAT
| Q4 25 | 81.5% | — | ||
| Q3 25 | 82.3% | — | ||
| Q2 25 | 81.9% | — | ||
| Q1 25 | 80.7% | — | ||
| Q4 24 | 85.3% | — | ||
| Q3 24 | 82.5% | — | ||
| Q2 24 | 82.0% | — | ||
| Q1 24 | 82.4% | — |
营业利润率LXPSEAT
| Q4 25 | 34.6% | — | ||
| Q3 25 | 50.4% | — | ||
| Q2 25 | 33.7% | — | ||
| Q1 25 | 21.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 7.9% | — | ||
| Q2 24 | 6.9% | — | ||
| Q1 24 | 1.0% | — |
净利率LXPSEAT
| Q4 25 | 33.2% | 1212.8% | ||
| Q3 25 | 41.7% | -28.9% | ||
| Q2 25 | 33.2% | -293.0% | ||
| Q1 25 | 21.4% | -7.9% | ||
| Q4 24 | — | -5.8% | ||
| Q3 24 | 7.4% | 7.0% | ||
| Q2 24 | 6.3% | -0.3% | ||
| Q1 24 | -0.3% | 8.0% |
每股收益（稀释后）LXPSEAT
| Q4 25 | — | — | ||
| Q3 25 | $0.12 | — | ||
| Q2 25 | $0.09 | — | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.02 | — | ||
| Q2 24 | $0.01 | — | ||
| Q1 24 | $-0.01 | — |
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 | $170.4M | $102.7M |
| 总债务越低越好 | $1.4B | $16.5M |
| 股东权益账面价值 | $2.0B | $-85.1M |
| 总资产 | $3.5B | $636.9M |
| 负债/权益比越低杠杆越低 | 0.66× | — |
8季度趋势，按日历期对齐
现金及短期投资LXPSEAT
| Q4 25 | $170.4M | $102.7M | ||
| Q3 25 | $229.7M | $145.1M | ||
| Q2 25 | $71.0M | $153.0M | ||
| Q1 25 | $70.9M | $199.5M | ||
| Q4 24 | $101.8M | $243.5M | ||
| Q3 24 | $55.0M | $202.3M | ||
| Q2 24 | $48.7M | $234.3M | ||
| Q1 24 | $293.8M | $154.0M |
总债务LXPSEAT
| Q4 25 | $1.4B | $16.5M | ||
| Q3 25 | $1.5B | $17.1M | ||
| Q2 25 | $1.5B | $17.7M | ||
| Q1 25 | $1.5B | $18.2M | ||
| Q4 24 | $1.6B | $18.7M | ||
| Q3 24 | — | $15.8M | ||
| Q2 24 | — | $16.1M | ||
| Q1 24 | — | $15.7M |
股东权益LXPSEAT
| Q4 25 | $2.0B | $-85.1M | ||
| Q3 25 | $2.1B | $272.2M | ||
| Q2 25 | $2.1B | $217.3M | ||
| Q1 25 | $2.1B | $380.7M | ||
| Q4 24 | $2.1B | $261.1M | ||
| Q3 24 | $2.1B | $329.4M | ||
| Q2 24 | $2.1B | $155.8M | ||
| Q1 24 | $2.2B | $139.6M |
总资产LXPSEAT
| Q4 25 | $3.5B | $636.9M | ||
| Q3 25 | $3.7B | $1.1B | ||
| Q2 25 | $3.7B | $1.1B | ||
| Q1 25 | $3.8B | $1.6B | ||
| Q4 24 | $3.8B | $1.6B | ||
| Q3 24 | $3.9B | $1.6B | ||
| Q2 24 | $3.9B | $1.7B | ||
| Q1 24 | $4.2B | $1.6B |
负债/权益比LXPSEAT
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.72× | 0.06× | ||
| Q2 25 | 0.72× | 0.08× | ||
| Q1 25 | 0.73× | 0.05× | ||
| Q4 24 | 0.75× | 0.07× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | — | 0.11× |
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 | $188.7M | $-38.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-38.3M |
| 自由现金流率自由现金流/营收 | — | -39.3% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | 6.56× | -0.03× |
| 过去12个月自由现金流最近4个季度 | — | $-93.8M |
8季度趋势，按日历期对齐
经营现金流LXPSEAT
| Q4 25 | $188.7M | $-38.2M | ||
| Q3 25 | $63.5M | $512.0K | ||
| Q2 25 | $44.3M | $-28.6M | ||
| Q1 25 | $39.0M | $-25.3M | ||
| Q4 24 | $211.2M | $47.8M | ||
| Q3 24 | $64.6M | $-19.2M | ||
| Q2 24 | $38.5M | $-13.8M | ||
| Q1 24 | $38.9M | $39.2M |
自由现金流LXPSEAT
| Q4 25 | — | $-38.3M | ||
| Q3 25 | — | $502.0K | ||
| Q2 25 | — | $-28.8M | ||
| Q1 25 | — | $-27.1M | ||
| Q4 24 | — | $44.3M | ||
| Q3 24 | — | $-19.6M | ||
| Q2 24 | — | $-14.1M | ||
| Q1 24 | — | $39.1M |
自由现金流率LXPSEAT
| Q4 25 | — | -39.3% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | -25.2% | ||
| Q1 25 | — | -20.3% | ||
| Q4 24 | — | 26.8% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | — | -8.3% | ||
| Q1 24 | — | 24.4% |
资本支出强度LXPSEAT
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.1% |
现金转化率LXPSEAT
| Q4 25 | 6.56× | -0.03× | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 2.05× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.18× | -1.81× | ||
| Q2 24 | 7.09× | — | ||
| Q1 24 | — | 3.04× |
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
LXP
暂无分部数据
SEAT
| Concerts | $34.3M | 35% |
| Resale | $29.3M | 30% |
| Theater | $24.4M | 25% |
| Private Label | $7.2M | 7% |
| Other | $2.2M | 2% |
