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Mid-America Apartment Communities（MAA）与Royalty Pharma plc（RPRX）财务数据对比。点击上方公司名可切换其他公司
Royalty Pharma plc的季度营收约是Mid-America Apartment Communities的1.1倍（$622.0M vs $553.7M），Mid-America Apartment Communities同比增速更快（438.7% vs 4.8%），过去两年Royalty Pharma plc的营收复合增速更高（4.6% vs 0.7%）
Mid-America Apartment Communities（股票代码：MAA）是一家公开上市的房地产投资信托基金，总部位于美国田纳西州孟菲斯市，核心业务为投资美国东南部及西南部地区的公寓物业，深耕美国高增长区域住宅不动产赛道，为股东创造稳定的长期投资回报。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
MAA vs RPRX — 直观对比
营收规模更大
RPRX
是对方的1.1倍
$553.7M
营收增速更快
MAA
高出433.9%
4.8%
两年增速更快
RPRX
近两年复合增速
0.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $553.7M | $622.0M |
| 净利润 | — | $214.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 62.4% |
| 净利率 | — | 34.4% |
| 营收同比 | 438.7% | 4.8% |
| 净利润同比 | — | 2.9% |
| 每股收益（稀释后） | $4.34 | $0.49 |
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MAARPRX
| Q1 26 | $553.7M | — | ||
| Q4 25 | $555.6M | $622.0M | ||
| Q3 25 | $554.4M | $609.3M | ||
| Q2 25 | $549.9M | $578.7M | ||
| Q1 25 | $549.3M | $568.2M | ||
| Q4 24 | $549.8M | $593.6M | ||
| Q3 24 | $551.1M | $564.7M | ||
| Q2 24 | $546.4M | $537.3M |
净利润MAARPRX
| Q1 26 | — | — | ||
| Q4 25 | $57.6M | $214.2M | ||
| Q3 25 | $99.5M | $288.2M | ||
| Q2 25 | $108.1M | $30.2M | ||
| Q1 25 | $181.7M | $238.3M | ||
| Q4 24 | $166.6M | $208.2M | ||
| Q3 24 | $115.2M | $544.0M | ||
| Q2 24 | $102.0M | $102.0M |
营业利润率MAARPRX
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | 62.4% | ||
| Q3 25 | 18.7% | 70.1% | ||
| Q2 25 | 20.2% | 36.3% | ||
| Q1 25 | 34.0% | 94.0% | ||
| Q4 24 | 31.3% | 60.9% | ||
| Q3 24 | 21.5% | — | ||
| Q2 24 | 19.3% | 50.2% |
净利率MAARPRX
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | 34.4% | ||
| Q3 25 | 18.0% | 47.3% | ||
| Q2 25 | 19.7% | 5.2% | ||
| Q1 25 | 33.1% | 41.9% | ||
| Q4 24 | 30.3% | 35.1% | ||
| Q3 24 | 20.9% | 96.3% | ||
| Q2 24 | 18.7% | 19.0% |
每股收益（稀释后）MAARPRX
| Q1 26 | $4.34 | — | ||
| Q4 25 | $0.48 | $0.49 | ||
| Q3 25 | $0.84 | $0.67 | ||
| Q2 25 | $0.92 | $0.07 | ||
| Q1 25 | $1.54 | $0.55 | ||
| Q4 24 | $1.43 | $0.46 | ||
| Q3 24 | $0.98 | $1.21 | ||
| Q2 24 | $0.86 | $0.23 |
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 | — | $618.7M |
| 总债务越低越好 | — | $9.0B |
| 股东权益账面价值 | — | $9.7B |
| 总资产 | — | $19.6B |
| 负债/权益比越低杠杆越低 | — | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资MAARPRX
| Q1 26 | — | — | ||
| Q4 25 | $60.3M | $618.7M | ||
| Q3 25 | $32.2M | $938.9M | ||
| Q2 25 | $54.5M | $631.9M | ||
| Q1 25 | $55.8M | $1.1B | ||
| Q4 24 | $43.0M | $929.0M | ||
| Q3 24 | $50.2M | $950.1M | ||
| Q2 24 | $62.8M | $1.8B |
总债务MAARPRX
| Q1 26 | — | — | ||
| Q4 25 | — | $9.0B | ||
| Q3 25 | — | $8.9B | ||
| Q2 25 | — | $8.0B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | $7.6B | ||
| Q2 24 | — | $7.6B |
股东权益MAARPRX
| Q1 26 | — | — | ||
| Q4 25 | $5.7B | $9.7B | ||
| Q3 25 | $5.8B | $9.6B | ||
| Q2 25 | $5.9B | $9.5B | ||
| Q1 25 | $5.9B | $9.8B | ||
| Q4 24 | $5.9B | $10.3B | ||
| Q3 24 | $5.9B | $10.3B | ||
| Q2 24 | $6.0B | $9.8B |
总资产MAARPRX
| Q1 26 | — | — | ||
| Q4 25 | $12.0B | $19.6B | ||
| Q3 25 | $11.9B | $19.3B | ||
| Q2 25 | $11.8B | $18.3B | ||
| Q1 25 | $11.8B | $17.6B | ||
| Q4 24 | $11.8B | $18.2B | ||
| Q3 24 | $11.8B | $18.0B | ||
| Q2 24 | $11.6B | $17.7B |
负债/权益比MAARPRX
| Q1 26 | — | — | ||
| Q4 25 | — | 0.92× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.78× |
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 | — | $827.1M |
| 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 | — | 3.86× |
| 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MAARPRX
| Q1 26 | — | — | ||
| Q4 25 | $261.7M | $827.1M | ||
| Q3 25 | $266.4M | $702.6M | ||
| Q2 25 | $353.4M | $364.0M | ||
| Q1 25 | $196.6M | $596.1M | ||
| Q4 24 | $239.1M | $742.5M | ||
| Q3 24 | $309.5M | $703.6M | ||
| Q2 24 | $349.4M | $658.2M |
自由现金流MAARPRX
| Q1 26 | — | — | ||
| Q4 25 | $158.6M | — | ||
| Q3 25 | $170.8M | — | ||
| Q2 25 | $264.5M | — | ||
| Q1 25 | $124.0M | — | ||
| Q4 24 | $152.6M | — | ||
| Q3 24 | $215.5M | — | ||
| Q2 24 | $259.7M | — |
自由现金流率MAARPRX
| Q1 26 | — | — | ||
| Q4 25 | 28.5% | — | ||
| Q3 25 | 30.8% | — | ||
| Q2 25 | 48.1% | — | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 27.8% | — | ||
| Q3 24 | 39.1% | — | ||
| Q2 24 | 47.5% | — |
资本支出强度MAARPRX
| Q1 26 | — | — | ||
| Q4 25 | 18.6% | — | ||
| Q3 25 | 17.2% | — | ||
| Q2 25 | 16.2% | — | ||
| Q1 25 | 13.2% | — | ||
| Q4 24 | 15.7% | — | ||
| Q3 24 | 17.1% | — | ||
| Q2 24 | 16.4% | — |
现金转化率MAARPRX
| Q1 26 | — | — | ||
| Q4 25 | 4.55× | 3.86× | ||
| Q3 25 | 2.68× | 2.44× | ||
| Q2 25 | 3.27× | 12.06× | ||
| Q1 25 | 1.08× | 2.50× | ||
| Q4 24 | 1.43× | 3.57× | ||
| Q3 24 | 2.69× | 1.29× | ||
| Q2 24 | 3.43× | 6.45× |
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
MAA
| Same Store Communities | $517.0M | 93% |
| Non-Same Store Communities | $22.1M | 4% |
| Lease-up/Development Communities | $7.7M | 1% |
| Commercial Property/Land | $7.0M | 1% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
