vs
美盛公司（MOS）与Welltower（WELL）财务数据对比。点击上方公司名可切换其他公司
Welltower的季度营收约是美盛公司的1.1倍（$3.4B vs $3.0B），Welltower净利率更高（22.4% vs -17.5%，领先39.9%），Welltower同比增速更快（38.3% vs 5.6%），过去两年Welltower的营收复合增速更高（55.1% vs 5.3%）
美盛公司（The Mosaic Company）是总部位于美国佛罗里达州坦帕的化工企业，主营磷矿、钾矿开采及尿素采集，依托多元国际分销网络和旗下肥料业务板块生产销售农用肥料，是美国规模最大的钾肥、磷肥生产商。
Welltower Inc.是一家专注于医疗基础设施领域的房地产投资信托企业，核心业务为医疗类地产投资运营。截至2022年12月31日，公司投资的物业总量约3000处，全部布局于美国、加拿大及英国市场，是全球医疗地产投资领域的代表性企业之一。
MOS vs WELL — 直观对比
营收规模更大
WELL
是对方的1.1倍
$3.0B
营收增速更快
WELL
高出32.7%
5.6%
净利率更高
WELL
高出39.9%
-17.5%
两年增速更快
WELL
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $3.4B |
| 净利润 | $-519.5M | $752.3M |
| 毛利率 | 11.5% | — |
| 营业利润率 | -3.4% | — |
| 净利率 | -17.5% | 22.4% |
| 营收同比 | 5.6% | 38.3% |
| 净利润同比 | -407.4% | 192.4% |
| 每股收益（稀释后） | $-1.63 | — |
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MOSWELL
| Q1 26 | — | $3.4B | ||
| Q4 25 | $3.0B | $2.6B | ||
| Q3 25 | $3.5B | $2.1B | ||
| Q2 25 | $3.0B | $2.0B | ||
| Q1 25 | $2.6B | $1.9B | ||
| Q4 24 | $2.8B | $1.8B | ||
| Q3 24 | $2.8B | $1.5B | ||
| Q2 24 | $2.8B | $1.4B |
净利润MOSWELL
| Q1 26 | — | $752.3M | ||
| Q4 25 | $-519.5M | $117.8M | ||
| Q3 25 | $411.4M | $282.2M | ||
| Q2 25 | $410.7M | $304.6M | ||
| Q1 25 | $238.1M | $257.3M | ||
| Q4 24 | $169.0M | $123.8M | ||
| Q3 24 | $122.2M | $456.8M | ||
| Q2 24 | $-161.5M | $260.7M |
毛利率MOSWELL
| Q1 26 | — | — | ||
| Q4 25 | 11.5% | 24.3% | ||
| Q3 25 | 16.0% | 23.5% | ||
| Q2 25 | 17.3% | 23.2% | ||
| Q1 25 | 18.6% | 21.6% | ||
| Q4 24 | 10.7% | 20.0% | ||
| Q3 24 | 14.8% | 19.8% | ||
| Q2 24 | 14.0% | 20.2% |
营业利润率MOSWELL
| Q1 26 | — | — | ||
| Q4 25 | -3.4% | — | ||
| Q3 25 | 9.8% | 14.2% | ||
| Q2 25 | 8.1% | 15.1% | ||
| Q1 25 | 12.9% | 10.7% | ||
| Q4 24 | 3.5% | 6.2% | ||
| Q3 24 | 4.1% | 12.2% | ||
| Q2 24 | 8.3% | 6.5% |
净利率MOSWELL
| Q1 26 | — | 22.4% | ||
| Q4 25 | -17.5% | 4.6% | ||
| Q3 25 | 11.9% | 13.7% | ||
| Q2 25 | 13.7% | 15.5% | ||
| Q1 25 | 9.1% | 13.8% | ||
| Q4 24 | 6.0% | 7.0% | ||
| Q3 24 | 4.3% | 30.2% | ||
| Q2 24 | -5.7% | 18.7% |
每股收益（稀释后）MOSWELL
| Q1 26 | — | — | ||
| Q4 25 | $-1.63 | $0.13 | ||
| Q3 25 | $1.29 | $0.41 | ||
| Q2 25 | $1.29 | $0.45 | ||
| Q1 25 | $0.75 | $0.40 | ||
| Q4 24 | $0.53 | $0.20 | ||
| Q3 24 | $0.38 | $0.73 | ||
| Q2 24 | $-0.50 | $0.42 |
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 | $276.6M | $4.7B |
| 总债务越低越好 | $4.3B | — |
| 股东权益账面价值 | $12.1B | $44.7B |
| 总资产 | $24.5B | $67.2B |
| 负债/权益比越低杠杆越低 | 0.35× | — |
8季度趋势，按日历期对齐
现金及短期投资MOSWELL
| Q1 26 | — | $4.7B | ||
| Q4 25 | $276.6M | $5.0B | ||
| Q3 25 | $153.3M | $6.8B | ||
| Q2 25 | $286.2M | $4.4B | ||
| Q1 25 | $259.2M | $3.5B | ||
| Q4 24 | $272.8M | $3.5B | ||
| Q3 24 | $301.6M | $3.6B | ||
| Q2 24 | $322.0M | $2.8B |
总债务MOSWELL
| Q1 26 | — | — | ||
| Q4 25 | $4.3B | $19.2B | ||
| Q3 25 | $3.4B | $16.9B | ||
| Q2 25 | $3.3B | $16.0B | ||
| Q1 25 | $3.3B | $15.7B | ||
| Q4 24 | $3.3B | $15.5B | ||
| Q3 24 | $3.2B | $15.8B | ||
| Q2 24 | $3.2B | $13.9B |
股东权益MOSWELL
| Q1 26 | — | $44.7B | ||
| Q4 25 | $12.1B | $42.1B | ||
| Q3 25 | $12.8B | $38.8B | ||
| Q2 25 | $12.4B | $35.9B | ||
| Q1 25 | $11.8B | $34.0B | ||
| Q4 24 | $11.5B | $32.0B | ||
| Q3 24 | $11.8B | $30.3B | ||
| Q2 24 | $11.7B | $29.0B |
总资产MOSWELL
| Q1 26 | — | $67.2B | ||
| Q4 25 | $24.5B | $67.3B | ||
| Q3 25 | $24.7B | $59.5B | ||
| Q2 25 | $24.3B | $55.8B | ||
| Q1 25 | $23.2B | $53.3B | ||
| Q4 24 | $22.9B | $51.0B | ||
| Q3 24 | $23.3B | $49.0B | ||
| Q2 24 | $22.6B | $45.5B |
负债/权益比MOSWELL
| Q1 26 | — | — | ||
| Q4 25 | 0.35× | 0.46× | ||
| Q3 25 | 0.26× | 0.43× | ||
| Q2 25 | 0.27× | 0.44× | ||
| Q1 25 | 0.28× | 0.46× | ||
| Q4 24 | 0.29× | 0.49× | ||
| Q3 24 | 0.27× | 0.52× | ||
| Q2 24 | 0.27× | 0.48× |
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 | $-56.1M | — |
| 自由现金流经营现金流 - 资本支出 | $-405.7M | — |
| 自由现金流率自由现金流/营收 | -13.6% | — |
| 资本支出强度资本支出/营收 | 11.8% | — |
| 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 | $-534.6M | — |
8季度趋势，按日历期对齐
经营现金流MOSWELL
| Q1 26 | — | — | ||
| Q4 25 | $-56.1M | $654.3M | ||
| Q3 25 | $228.5M | $858.4M | ||
| Q2 25 | $609.5M | $770.0M | ||
| Q1 25 | $42.9M | $599.0M | ||
| Q4 24 | $219.3M | $559.2M | ||
| Q3 24 | $312.9M | $685.0M | ||
| Q2 24 | $847.0M | $605.4M |
自由现金流MOSWELL
| Q1 26 | — | — | ||
| Q4 25 | $-405.7M | $340.4M | ||
| Q3 25 | $-135.9M | $595.3M | ||
| Q2 25 | $304.9M | $537.2M | ||
| Q1 25 | $-297.9M | $358.6M | ||
| Q4 24 | $-74.8M | $240.4M | ||
| Q3 24 | $72.1M | $443.8M | ||
| Q2 24 | $513.1M | $440.3M |
自由现金流率MOSWELL
| Q1 26 | — | — | ||
| Q4 25 | -13.6% | 13.3% | ||
| Q3 25 | -3.9% | 28.9% | ||
| Q2 25 | 10.1% | 27.3% | ||
| Q1 25 | -11.4% | 19.2% | ||
| Q4 24 | -2.7% | 13.6% | ||
| Q3 24 | 2.6% | 29.4% | ||
| Q2 24 | 18.2% | 31.6% |
资本支出强度MOSWELL
| Q1 26 | — | — | ||
| Q4 25 | 11.8% | 12.3% | ||
| Q3 25 | 10.6% | 12.8% | ||
| Q2 25 | 10.1% | 11.8% | ||
| Q1 25 | 13.0% | 12.9% | ||
| Q4 24 | 10.4% | 18.1% | ||
| Q3 24 | 8.6% | 16.0% | ||
| Q2 24 | 11.9% | 11.8% |
现金转化率MOSWELL
| Q1 26 | — | — | ||
| Q4 25 | — | 5.56× | ||
| Q3 25 | 0.56× | 3.04× | ||
| Q2 25 | 1.48× | 2.53× | ||
| Q1 25 | 0.18× | 2.33× | ||
| Q4 24 | 1.30× | 4.52× | ||
| Q3 24 | 2.56× | 1.50× | ||
| Q2 24 | — | 2.32× |
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
MOS
暂无分部数据
WELL
| Resident fees and services | $2.8B | 83% |
| Rental income | $453.8M | 14% |
| Other | $117.2M | 3% |
