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Mid-America Apartment Communities（MAA）与Sotera Health Co（SHC）财务数据对比。点击上方公司名可切换其他公司
Mid-America Apartment Communities的季度营收约是Sotera Health Co的1.8倍（$555.6M vs $303.4M），Sotera Health Co净利率更高（11.5% vs 10.4%，领先1.1%），Sotera Health Co同比增速更快（4.6% vs 1.0%），Mid-America Apartment Communities自由现金流更多（$158.6M vs $52.4M），过去两年Sotera Health Co的营收复合增速更高（10.6% vs 1.1%）
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。
Sotera Health Co是全球领先的医疗安全解决方案提供商，面向医疗器械厂商、制药企业、食品及消费品公司提供灭菌服务、实验室分析检测与合规咨询支持，帮助客户满足监管要求，保障上市产品的使用安全。
MAA vs SHC — 直观对比
营收规模更大
MAA
是对方的1.8倍
$303.4M
营收增速更快
SHC
高出3.5%
1.0%
净利率更高
SHC
高出1.1%
10.4%
自由现金流更多
MAA
多$106.2M
$52.4M
两年增速更快
SHC
近两年复合增速
1.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $555.6M | $303.4M |
| 净利润 | $57.6M | $34.8M |
| 毛利率 | — | 54.7% |
| 营业利润率 | 10.4% | 23.2% |
| 净利率 | 10.4% | 11.5% |
| 营收同比 | 1.0% | 4.6% |
| 净利润同比 | -65.5% | 182.8% |
| 每股收益（稀释后） | $0.48 | $0.12 |
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MAASHC
| Q4 25 | $555.6M | $303.4M | ||
| Q3 25 | $554.4M | $311.3M | ||
| Q2 25 | $549.9M | $294.3M | ||
| Q1 25 | $549.3M | $254.5M | ||
| Q4 24 | $549.8M | $290.2M | ||
| Q3 24 | $551.1M | $285.5M | ||
| Q2 24 | $546.4M | $276.6M | ||
| Q1 24 | $543.6M | $248.2M |
净利润MAASHC
| Q4 25 | $57.6M | $34.8M | ||
| Q3 25 | $99.5M | $48.4M | ||
| Q2 25 | $108.1M | $8.0M | ||
| Q1 25 | $181.7M | $-13.3M | ||
| Q4 24 | $166.6M | $12.3M | ||
| Q3 24 | $115.2M | $17.0M | ||
| Q2 24 | $102.0M | $8.8M | ||
| Q1 24 | $143.7M | $6.3M |
毛利率MAASHC
| Q4 25 | — | 54.7% | ||
| Q3 25 | — | 57.0% | ||
| Q2 25 | — | 56.6% | ||
| Q1 25 | — | 53.2% | ||
| Q4 24 | — | 56.6% | ||
| Q3 24 | — | 55.4% | ||
| Q2 24 | — | 55.2% | ||
| Q1 24 | — | 51.2% |
营业利润率MAASHC
| Q4 25 | 10.4% | 23.2% | ||
| Q3 25 | 18.7% | 23.4% | ||
| Q2 25 | 20.2% | 6.4% | ||
| Q1 25 | 34.0% | -5.8% | ||
| Q4 24 | 31.3% | 30.0% | ||
| Q3 24 | 21.5% | 28.2% | ||
| Q2 24 | 19.3% | 27.8% | ||
| Q1 24 | 27.4% | 21.4% |
净利率MAASHC
| Q4 25 | 10.4% | 11.5% | ||
| Q3 25 | 18.0% | 15.5% | ||
| Q2 25 | 19.7% | 2.7% | ||
| Q1 25 | 33.1% | -5.2% | ||
| Q4 24 | 30.3% | 4.2% | ||
| Q3 24 | 20.9% | 6.0% | ||
| Q2 24 | 18.7% | 3.2% | ||
| Q1 24 | 26.4% | 2.5% |
每股收益（稀释后）MAASHC
| Q4 25 | $0.48 | $0.12 | ||
| Q3 25 | $0.84 | $0.17 | ||
| Q2 25 | $0.92 | $0.03 | ||
| Q1 25 | $1.54 | $-0.05 | ||
| Q4 24 | $1.43 | $0.05 | ||
| Q3 24 | $0.98 | $0.06 | ||
| Q2 24 | $0.86 | $0.03 | ||
| Q1 24 | $1.22 | $0.02 |
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 | $60.3M | $344.6M |
| 总债务越低越好 | — | $2.1B |
| 股东权益账面价值 | $5.7B | $606.0M |
| 总资产 | $12.0B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 3.53× |
8季度趋势，按日历期对齐
现金及短期投资MAASHC
| Q4 25 | $60.3M | $344.6M | ||
| Q3 25 | $32.2M | $299.2M | ||
| Q2 25 | $54.5M | $332.4M | ||
| Q1 25 | $55.8M | $304.4M | ||
| Q4 24 | $43.0M | $277.2M | ||
| Q3 24 | $50.2M | $306.7M | ||
| Q2 24 | $62.8M | $246.1M | ||
| Q1 24 | $54.6M | $261.1M |
总债务MAASHC
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.2B |
股东权益MAASHC
| Q4 25 | $5.7B | $606.0M | ||
| Q3 25 | $5.8B | $550.5M | ||
| Q2 25 | $5.9B | $511.3M | ||
| Q1 25 | $5.9B | $414.1M | ||
| Q4 24 | $5.9B | $404.9M | ||
| Q3 24 | $5.9B | $470.2M | ||
| Q2 24 | $6.0B | $422.8M | ||
| Q1 24 | $6.1B | $429.4M |
总资产MAASHC
| Q4 25 | $12.0B | $3.3B | ||
| Q3 25 | $11.9B | $3.2B | ||
| Q2 25 | $11.8B | $3.2B | ||
| Q1 25 | $11.8B | $3.1B | ||
| Q4 24 | $11.8B | $3.1B | ||
| Q3 24 | $11.8B | $3.1B | ||
| Q2 24 | $11.6B | $3.1B | ||
| Q1 24 | $11.5B | $3.1B |
负债/权益比MAASHC
| Q4 25 | — | 3.53× | ||
| Q3 25 | — | 3.89× | ||
| Q2 25 | — | 4.34× | ||
| Q1 25 | — | 5.36× | ||
| Q4 24 | — | 5.49× | ||
| Q3 24 | — | 4.73× | ||
| Q2 24 | — | 5.26× | ||
| Q1 24 | — | 5.19× |
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 | $261.7M | $103.1M |
| 自由现金流经营现金流 - 资本支出 | $158.6M | $52.4M |
| 自由现金流率自由现金流/营收 | 28.5% | 17.3% |
| 资本支出强度资本支出/营收 | 18.6% | 16.7% |
| 现金转化率经营现金流/净利润 | 4.55× | 2.96× |
| 过去12个月自由现金流最近4个季度 | $717.9M | $149.2M |
8季度趋势，按日历期对齐
经营现金流MAASHC
| Q4 25 | $261.7M | $103.1M | ||
| Q3 25 | $266.4M | $71.2M | ||
| Q2 25 | $353.4M | $57.4M | ||
| Q1 25 | $196.6M | $55.5M | ||
| Q4 24 | $239.1M | $55.7M | ||
| Q3 24 | $309.5M | $97.5M | ||
| Q2 24 | $349.4M | $61.3M | ||
| Q1 24 | $200.3M | $9.7M |
自由现金流MAASHC
| Q4 25 | $158.6M | $52.4M | ||
| Q3 25 | $170.8M | $35.0M | ||
| Q2 25 | $264.5M | $26.2M | ||
| Q1 25 | $124.0M | $35.6M | ||
| Q4 24 | $152.6M | $-10.2M | ||
| Q3 24 | $215.5M | $61.1M | ||
| Q2 24 | $259.7M | $19.4M | ||
| Q1 24 | $148.2M | $-25.2M |
自由现金流率MAASHC
| Q4 25 | 28.5% | 17.3% | ||
| Q3 25 | 30.8% | 11.2% | ||
| Q2 25 | 48.1% | 8.9% | ||
| Q1 25 | 22.6% | 14.0% | ||
| Q4 24 | 27.8% | -3.5% | ||
| Q3 24 | 39.1% | 21.4% | ||
| Q2 24 | 47.5% | 7.0% | ||
| Q1 24 | 27.3% | -10.2% |
资本支出强度MAASHC
| Q4 25 | 18.6% | 16.7% | ||
| Q3 25 | 17.2% | 11.6% | ||
| Q2 25 | 16.2% | 10.6% | ||
| Q1 25 | 13.2% | 7.8% | ||
| Q4 24 | 15.7% | 22.7% | ||
| Q3 24 | 17.1% | 12.7% | ||
| Q2 24 | 16.4% | 15.2% | ||
| Q1 24 | 9.6% | 14.1% |
现金转化率MAASHC
| Q4 25 | 4.55× | 2.96× | ||
| Q3 25 | 2.68× | 1.47× | ||
| Q2 25 | 3.27× | 7.21× | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.43× | 4.52× | ||
| Q3 24 | 2.69× | 5.73× | ||
| Q2 24 | 3.43× | 7.00× | ||
| Q1 24 | 1.39× | 1.53× |
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 | $515.5M | 93% |
| Non Same Store And Other | $36.8M | 7% |
SHC
| Transferred At Point In Time | $198.4M | 65% |
| Nelson Labs | $55.2M | 18% |
| Nordion | $49.8M | 16% |
