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麦格劳希尔（MH）与医疗房产信托（SVC）财务数据对比。点击上方公司名可切换其他公司
麦格劳希尔的季度营收约是医疗房产信托的1.5倍（$434.2M vs $296.5M），医疗房产信托净利率更高（-0.3% vs -4.7%，领先4.4%），医疗房产信托同比增速更快（-17.0% vs -35.1%），麦格劳希尔自由现金流更多（$285.4M vs $-95.2M）
麦格劳希尔是美国知名教育科技企业，面向K12、高等教育及职业领域的师生提供多元教育内容、软件与服务。核心产品包含教材、数字学习工具及自适应技术，助力优化学习体验、提升学习效果，是与霍顿米夫林哈考特、培生教育齐名的全球三大教育出版商之一。
医疗房产信托（MPT）是总部位于阿拉巴马州伯明翰的国际房地产投资信托（REIT），主要在美国和欧洲地区收购投资医疗设施与营利性医疗控股公司。该公司的房产收购多采用售后回租模式，原产权方出售房产给MPT后成为承租租户，其租户普遍签订长期三净租约。
MH vs SVC — 直观对比
营收规模更大
MH
是对方的1.5倍
$296.5M
营收增速更快
SVC
高出18.2%
-35.1%
净利率更高
SVC
高出4.4%
-4.7%
自由现金流更多
MH
多$380.6M
$-95.2M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $434.2M | $296.5M |
| 净利润 | $-20.2M | $-782.0K |
| 毛利率 | 85.3% | — |
| 营业利润率 | 7.0% | -3.9% |
| 净利率 | -4.7% | -0.3% |
| 营收同比 | -35.1% | -17.0% |
| 净利润同比 | -119.2% | 99.0% |
| 每股收益（稀释后） | $-0.11 | $-0.01 |
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MHSVC
| Q4 25 | $434.2M | $296.5M | ||
| Q3 25 | $669.2M | $377.6M | ||
| Q2 25 | $535.7M | $404.4M | ||
| Q1 25 | — | $335.0M | ||
| Q4 24 | — | $357.0M | ||
| Q3 24 | — | $390.9M | ||
| Q2 24 | — | $412.5M | ||
| Q1 24 | — | $336.2M |
净利润MHSVC
| Q4 25 | $-20.2M | $-782.0K | ||
| Q3 25 | $105.3M | $-46.9M | ||
| Q2 25 | $502.0K | $-38.2M | ||
| Q1 25 | — | $-116.4M | ||
| Q4 24 | — | $-76.4M | ||
| Q3 24 | — | $-46.9M | ||
| Q2 24 | — | $-73.8M | ||
| Q1 24 | — | $-78.4M |
毛利率MHSVC
| Q4 25 | 85.3% | — | ||
| Q3 25 | 79.2% | — | ||
| Q2 25 | 77.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率MHSVC
| Q4 25 | 7.0% | -3.9% | ||
| Q3 25 | 23.4% | -12.8% | ||
| Q2 25 | 18.0% | -9.2% | ||
| Q1 25 | — | -33.3% | ||
| Q4 24 | — | -19.4% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | — | -17.1% | ||
| Q1 24 | — | -21.4% |
净利率MHSVC
| Q4 25 | -4.7% | -0.3% | ||
| Q3 25 | 15.7% | -12.4% | ||
| Q2 25 | 0.1% | -9.4% | ||
| Q1 25 | — | -34.8% | ||
| Q4 24 | — | -21.4% | ||
| Q3 24 | — | -12.0% | ||
| Q2 24 | — | -17.9% | ||
| Q1 24 | — | -23.3% |
每股收益（稀释后）MHSVC
| Q4 25 | $-0.11 | $-0.01 | ||
| Q3 25 | $0.57 | $-0.28 | ||
| Q2 25 | $0.00 | $-0.23 | ||
| Q1 25 | — | $-0.70 | ||
| Q4 24 | — | $-0.46 | ||
| Q3 24 | — | $-0.28 | ||
| Q2 24 | — | $-0.45 | ||
| Q1 24 | — | $-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 | $514.4M | $346.8M |
| 总债务越低越好 | $2.6B | $5.5B |
| 股东权益账面价值 | $775.3M | $646.1M |
| 总资产 | $5.6B | $6.5B |
| 负债/权益比越低杠杆越低 | 3.36× | 8.52× |
8季度趋势，按日历期对齐
现金及短期投资MHSVC
| Q4 25 | $514.4M | $346.8M | ||
| Q3 25 | $463.2M | $417.4M | ||
| Q2 25 | $247.3M | $63.2M | ||
| Q1 25 | — | $80.1M | ||
| Q4 24 | — | $143.5M | ||
| Q3 24 | — | $48.6M | ||
| Q2 24 | — | $14.6M | ||
| Q1 24 | — | $71.3M |
总债务MHSVC
| Q4 25 | $2.6B | $5.5B | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MHSVC
| Q4 25 | $775.3M | $646.1M | ||
| Q3 25 | $794.6M | $647.9M | ||
| Q2 25 | $283.3M | $695.9M | ||
| Q1 25 | — | $734.6M | ||
| Q4 24 | — | $851.9M | ||
| Q3 24 | — | $929.0M | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $1.1B |
总资产MHSVC
| Q4 25 | $5.6B | $6.5B | ||
| Q3 25 | $6.0B | $7.0B | ||
| Q2 25 | $5.7B | $6.9B | ||
| Q1 25 | — | $7.0B | ||
| Q4 24 | — | $7.1B | ||
| Q3 24 | — | $7.1B | ||
| Q2 24 | — | $7.1B | ||
| Q1 24 | — | $7.2B |
负债/权益比MHSVC
| Q4 25 | 3.36× | 8.52× | ||
| Q3 25 | 3.52× | — | ||
| Q2 25 | 11.17× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.85× | ||
| 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 | $309.0M | $-18.5M |
| 自由现金流经营现金流 - 资本支出 | $285.4M | $-95.2M |
| 自由现金流率自由现金流/营收 | 65.7% | -32.1% |
| 资本支出强度资本支出/营收 | 5.4% | 25.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-107.0M |
8季度趋势，按日历期对齐
经营现金流MHSVC
| Q4 25 | $309.0M | $-18.5M | ||
| Q3 25 | $265.0M | $98.1M | ||
| Q2 25 | $-96.7M | $-7.0K | ||
| Q1 25 | — | $38.2M | ||
| Q4 24 | — | $-9.7M | ||
| Q3 24 | — | $106.2M | ||
| Q2 24 | — | $43.8M | ||
| Q1 24 | — | $-926.0K |
自由现金流MHSVC
| Q4 25 | $285.4M | $-95.2M | ||
| Q3 25 | $243.8M | $57.9M | ||
| Q2 25 | $-112.9M | $-46.6M | ||
| Q1 25 | — | $-23.2M | ||
| Q4 24 | — | $-88.9M | ||
| Q3 24 | — | $24.1M | ||
| Q2 24 | — | $-22.3M | ||
| Q1 24 | — | $-77.2M |
自由现金流率MHSVC
| Q4 25 | 65.7% | -32.1% | ||
| Q3 25 | 36.4% | 15.3% | ||
| Q2 25 | -21.1% | -11.5% | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | — | -24.9% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | -23.0% |
资本支出强度MHSVC
| Q4 25 | 5.4% | 25.9% | ||
| Q3 25 | 3.2% | 10.6% | ||
| Q2 25 | 3.0% | 11.5% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | — | 22.2% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | 16.0% | ||
| Q1 24 | — | 22.7% |
现金转化率MHSVC
| Q4 25 | — | — | ||
| Q3 25 | 2.52× | — | ||
| Q2 25 | -192.53× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
MH
| Higher Education | $225.4M | 52% |
| Digital | $103.5M | 24% |
| Other | $44.4M | 10% |
| Global Professional | $36.2M | 8% |
| $24.7M | 6% |
SVC
暂无分部数据
