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MADRIGAL PHARMACEUTICALS, INC.（MDGL）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是MADRIGAL PHARMACEUTICALS, INC.的1.5倍（$492.9M vs $321.1M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs -18.2%，领先37.9%），MADRIGAL PHARMACEUTICALS, INC.同比增速更快（210.8% vs 8.5%）
本公司是一家美国生物制药企业，成立于2002年，专注于研发新型合成胆汁酸类似物，可用于治疗原发性胆汁性胆管炎、非酒精性脂肪肝、肝硬化等慢性肝病，以及胆汁酸性腹泻等肠道疾病。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
MDGL vs STWD — 直观对比
营收规模更大
STWD
是对方的1.5倍
$321.1M
营收增速更快
MDGL
高出202.3%
8.5%
净利率更高
STWD
高出37.9%
-18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $321.1M | $492.9M |
| 净利润 | $-58.6M | $96.9M |
| 毛利率 | — | — |
| 营业利润率 | -18.6% | 26.6% |
| 净利率 | -18.2% | 19.7% |
| 营收同比 | 210.8% | 8.5% |
| 净利润同比 | 1.4% | 87.7% |
| 每股收益（稀释后） | $-2.55 | $0.25 |
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MDGLSTWD
| Q4 25 | $321.1M | $492.9M | ||
| Q3 25 | $287.3M | $488.9M | ||
| Q2 25 | $212.8M | $444.3M | ||
| Q1 25 | $137.3M | $418.2M | ||
| Q4 24 | $103.3M | $454.4M | ||
| Q3 24 | $62.2M | $479.5M | ||
| Q2 24 | — | $489.8M | ||
| Q1 24 | $0 | $523.1M |
净利润MDGLSTWD
| Q4 25 | $-58.6M | $96.9M | ||
| Q3 25 | $-114.2M | $72.6M | ||
| Q2 25 | $-42.3M | $129.8M | ||
| Q1 25 | $-73.2M | $112.3M | ||
| Q4 24 | $-59.4M | $51.6M | ||
| Q3 24 | $-107.0M | $76.1M | ||
| Q2 24 | — | $77.9M | ||
| Q1 24 | $-147.5M | $154.3M |
毛利率MDGLSTWD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 96.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率MDGLSTWD
| Q4 25 | -18.6% | 26.6% | ||
| Q3 25 | -39.7% | 19.1% | ||
| Q2 25 | -22.2% | 30.5% | ||
| Q1 25 | -57.8% | 28.7% | ||
| Q4 24 | -64.8% | 15.1% | ||
| Q3 24 | -187.1% | 17.2% | ||
| Q2 24 | — | 19.1% | ||
| Q1 24 | — | 30.8% |
净利率MDGLSTWD
| Q4 25 | -18.2% | 19.7% | ||
| Q3 25 | -39.8% | 14.8% | ||
| Q2 25 | -19.9% | 29.2% | ||
| Q1 25 | -53.4% | 26.8% | ||
| Q4 24 | -57.5% | 11.4% | ||
| Q3 24 | -172.0% | 15.9% | ||
| Q2 24 | — | 15.9% | ||
| Q1 24 | — | 29.5% |
每股收益（稀释后）MDGLSTWD
| Q4 25 | $-2.55 | $0.25 | ||
| Q3 25 | $-5.08 | $0.19 | ||
| Q2 25 | $-1.90 | $0.38 | ||
| Q1 25 | $-3.32 | $0.33 | ||
| Q4 24 | $-2.50 | $0.15 | ||
| Q3 24 | $-4.92 | $0.23 | ||
| Q2 24 | — | $0.24 | ||
| Q1 24 | $-7.38 | $0.48 |
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 | $198.7M | $499.5M |
| 总债务越低越好 | $339.9M | — |
| 股东权益账面价值 | $602.7M | $6.8B |
| 总资产 | $1.3B | $63.2B |
| 负债/权益比越低杠杆越低 | 0.56× | — |
8季度趋势，按日历期对齐
现金及短期投资MDGLSTWD
| Q4 25 | $198.7M | $499.5M | ||
| Q3 25 | $295.7M | $301.1M | ||
| Q2 25 | $186.2M | $259.9M | ||
| Q1 25 | $183.6M | $440.6M | ||
| Q4 24 | $100.0M | $377.8M | ||
| Q3 24 | $232.7M | $357.9M | ||
| Q2 24 | — | $259.3M | ||
| Q1 24 | $622.5M | $327.4M |
总债务MDGLSTWD
| Q4 25 | $339.9M | — | ||
| Q3 25 | $339.8M | — | ||
| Q2 25 | $118.4M | — | ||
| Q1 25 | $118.0M | — | ||
| Q4 24 | $117.6M | — | ||
| Q3 24 | $117.1M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $116.1M | — |
股东权益MDGLSTWD
| Q4 25 | $602.7M | $6.8B | ||
| Q3 25 | $625.7M | $6.9B | ||
| Q2 25 | $696.0M | $6.4B | ||
| Q1 25 | $710.6M | $6.4B | ||
| Q4 24 | $754.4M | $6.4B | ||
| Q3 24 | $777.2M | $6.5B | ||
| Q2 24 | — | $6.2B | ||
| Q1 24 | $850.8M | $6.3B |
总资产MDGLSTWD
| Q4 25 | $1.3B | $63.2B | ||
| Q3 25 | $1.4B | $62.4B | ||
| Q2 25 | $1.0B | $62.4B | ||
| Q1 25 | $996.6M | $62.2B | ||
| Q4 24 | $1.0B | $62.6B | ||
| Q3 24 | $1.1B | $64.2B | ||
| Q2 24 | — | $64.1B | ||
| Q1 24 | $1.1B | $66.2B |
负债/权益比MDGLSTWD
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.54× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.17× | — | ||
| Q4 24 | 0.16× | — | ||
| Q3 24 | 0.15× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.14× | — |
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 | $-133.5M | $488.8M |
| 自由现金流经营现金流 - 资本支出 | $-133.8M | — |
| 自由现金流率自由现金流/营收 | -41.7% | — |
| 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 | — | 5.04× |
| 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MDGLSTWD
| Q4 25 | $-133.5M | $488.8M | ||
| Q3 25 | $79.8M | $337.6M | ||
| Q2 25 | $-47.1M | $-87.4M | ||
| Q1 25 | $-88.9M | $238.9M | ||
| Q4 24 | $-104.5M | $295.6M | ||
| Q3 24 | $-67.0M | $241.8M | ||
| Q2 24 | — | $53.3M | ||
| Q1 24 | $-149.2M | $55.9M |
自由现金流MDGLSTWD
| Q4 25 | $-133.8M | — | ||
| Q3 25 | $79.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-104.7M | — | ||
| Q3 24 | $-67.8M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-149.5M | — |
自由现金流率MDGLSTWD
| Q4 25 | -41.7% | — | ||
| Q3 25 | 27.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -101.3% | — | ||
| Q3 24 | -109.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度MDGLSTWD
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率MDGLSTWD
| Q4 25 | — | 5.04× | ||
| Q3 25 | — | 4.65× | ||
| Q2 25 | — | -0.67× | ||
| Q1 25 | — | 2.13× | ||
| Q4 24 | — | 5.72× | ||
| Q3 24 | — | 3.18× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 0.36× |
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
MDGL
| Rebates Customer Fees Credits Co Pay Assistance And Other | $208.5M | 65% |
| Other | $76.0M | 24% |
| Chargebacks Discounts For Prompt Pay And Other Allowances | $36.6M | 11% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
