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LXP Industrial Trust（LXP）与STEM, INC.（STEM）财务数据对比。点击上方公司名可切换其他公司
LXP Industrial Trust的季度营收约是STEM, INC.的1.8倍（$86.7M vs $47.1M），LXP Industrial Trust净利率更高（33.2% vs -33.9%，领先67.1%），LXP Industrial Trust同比增速更快（-14.0% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% vs 0.3%）
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。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
LXP vs STEM — 直观对比
营收规模更大
LXP
是对方的1.8倍
$47.1M
营收增速更快
LXP
高出1.6%
-15.6%
净利率更高
LXP
高出67.1%
-33.9%
两年增速更快
STEM
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $86.7M | $47.1M |
| 净利润 | $28.8M | $-16.0M |
| 毛利率 | 81.5% | 48.9% |
| 营业利润率 | 34.6% | -17.7% |
| 净利率 | 33.2% | -33.9% |
| 营收同比 | -14.0% | -15.6% |
| 净利润同比 | — | 68.8% |
| 每股收益（稀释后） | — | $-4.40 |
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LXPSTEM
| Q4 25 | $86.7M | $47.1M | ||
| Q3 25 | $86.9M | $38.2M | ||
| Q2 25 | $87.7M | $38.4M | ||
| Q1 25 | $88.9M | $32.5M | ||
| Q4 24 | $100.9M | $55.8M | ||
| Q3 24 | $85.6M | $29.3M | ||
| Q2 24 | $85.8M | $34.0M | ||
| Q1 24 | $86.3M | $25.5M |
净利润LXPSTEM
| Q4 25 | $28.8M | $-16.0M | ||
| Q3 25 | $36.3M | $-23.8M | ||
| Q2 25 | $29.1M | $202.5M | ||
| Q1 25 | $19.0M | $-25.0M | ||
| Q4 24 | — | $-51.1M | ||
| Q3 24 | $6.3M | $-148.3M | ||
| Q2 24 | $5.4M | $-582.3M | ||
| Q1 24 | $-269.0K | $-72.3M |
毛利率LXPSTEM
| Q4 25 | 81.5% | 48.9% | ||
| Q3 25 | 82.3% | 35.5% | ||
| Q2 25 | 81.9% | 33.4% | ||
| Q1 25 | 80.7% | 32.4% | ||
| Q4 24 | 85.3% | -4.4% | ||
| Q3 24 | 82.5% | 21.2% | ||
| Q2 24 | 82.0% | 27.6% | ||
| Q1 24 | 82.4% | -95.0% |
营业利润率LXPSTEM
| Q4 25 | 34.6% | -17.7% | ||
| Q3 25 | 50.4% | -33.6% | ||
| Q2 25 | 33.7% | -34.8% | ||
| Q1 25 | 21.8% | -65.0% | ||
| Q4 24 | — | -84.4% | ||
| Q3 24 | 7.9% | -493.2% | ||
| Q2 24 | 6.9% | -1705.5% | ||
| Q1 24 | 1.0% | -267.0% |
净利率LXPSTEM
| Q4 25 | 33.2% | -33.9% | ||
| Q3 25 | 41.7% | -62.2% | ||
| Q2 25 | 33.2% | 527.8% | ||
| Q1 25 | 21.4% | -76.9% | ||
| Q4 24 | — | -91.6% | ||
| Q3 24 | 7.4% | -506.3% | ||
| Q2 24 | 6.3% | -1712.6% | ||
| Q1 24 | -0.3% | -283.9% |
每股收益（稀释后）LXPSTEM
| Q4 25 | — | $-4.40 | ||
| Q3 25 | $0.12 | $-2.84 | ||
| Q2 25 | $0.09 | $-1.79 | ||
| Q1 25 | $0.06 | $-0.15 | ||
| Q4 24 | — | $-15.29 | ||
| Q3 24 | $0.02 | $-18.24 | ||
| Q2 24 | $0.01 | $-71.81 | ||
| Q1 24 | $-0.01 | $-0.46 |
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 | $48.9M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $2.0B | $-249.4M |
| 总资产 | $3.5B | $308.9M |
| 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LXPSTEM
| Q4 25 | $170.4M | $48.9M | ||
| Q3 25 | $229.7M | $43.1M | ||
| Q2 25 | $71.0M | $40.8M | ||
| Q1 25 | $70.9M | $58.6M | ||
| Q4 24 | $101.8M | $56.3M | ||
| Q3 24 | $55.0M | $75.4M | ||
| Q2 24 | $48.7M | $89.6M | ||
| Q1 24 | $293.8M | $112.8M |
总债务LXPSTEM
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LXPSTEM
| Q4 25 | $2.0B | $-249.4M | ||
| Q3 25 | $2.1B | $-235.7M | ||
| Q2 25 | $2.1B | $-214.1M | ||
| Q1 25 | $2.1B | $-417.5M | ||
| Q4 24 | $2.1B | $-398.4M | ||
| Q3 24 | $2.1B | $-344.1M | ||
| Q2 24 | $2.1B | $-203.2M | ||
| Q1 24 | $2.2B | $371.6M |
总资产LXPSTEM
| Q4 25 | $3.5B | $308.9M | ||
| Q3 25 | $3.7B | $362.6M | ||
| Q2 25 | $3.7B | $379.2M | ||
| Q1 25 | $3.8B | $405.1M | ||
| Q4 24 | $3.8B | $437.4M | ||
| Q3 24 | $3.9B | $537.8M | ||
| Q2 24 | $3.9B | $691.5M | ||
| Q1 24 | $4.2B | $1.3B |
负债/权益比LXPSTEM
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $8.2M |
| 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 | — | — |
| 现金转化率经营现金流/净利润 | 6.56× | — |
| 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LXPSTEM
| Q4 25 | $188.7M | $8.2M | ||
| Q3 25 | $63.5M | $11.4M | ||
| Q2 25 | $44.3M | $-21.3M | ||
| Q1 25 | $39.0M | $8.5M | ||
| Q4 24 | $211.2M | $-14.7M | ||
| Q3 24 | $64.6M | $-9.4M | ||
| Q2 24 | $38.5M | $-11.9M | ||
| Q1 24 | $38.9M | $-621.0K |
现金转化率LXPSTEM
| Q4 25 | 6.56× | — | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | 1.52× | -0.11× | ||
| Q1 25 | 2.05× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.18× | — | ||
| Q2 24 | 7.09× | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
