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MEDICAL PROPERTIES TRUST INC（MPW）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
MEDICAL PROPERTIES TRUST INC的季度营收约是PLUG POWER INC的1.2倍（$270.3M vs $225.2M），MEDICAL PROPERTIES TRUST INC净利率更高（6.5% vs -375.6%，领先382.1%），PLUG POWER INC同比增速更快（17.6% vs 16.6%），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs -0.2%）
Medical Properties Trust, Inc.（MPT）是一家总部位于美国阿拉巴马州伯明翰的跨国房地产投资信托基金（REIT），主要在美欧地区收购、投资医疗保健设施与营利性医疗控股公司，资产收购多采用售后回租模式，原业主出售资产后成为其租户，租户通常需签署长期三净租赁协议。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
MPW vs PLUG — 直观对比
营收规模更大
MPW
是对方的1.2倍
$225.2M
营收增速更快
PLUG
高出1.0%
16.6%
净利率更高
MPW
高出382.1%
-375.6%
两年增速更快
PLUG
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.3M | $225.2M |
| 净利润 | $17.6M | $-846.0M |
| 毛利率 | 95.8% | 2.4% |
| 营业利润率 | 9.7% | -338.9% |
| 净利率 | 6.5% | -375.6% |
| 营收同比 | 16.6% | 17.6% |
| 净利润同比 | 104.3% | 36.7% |
| 每股收益（稀释后） | $0.03 | $-0.70 |
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MPWPLUG
| Q4 25 | $270.3M | $225.2M | ||
| Q3 25 | $237.5M | $177.1M | ||
| Q2 25 | $240.4M | $174.0M | ||
| Q1 25 | $223.8M | $133.7M | ||
| Q4 24 | $231.8M | $191.5M | ||
| Q3 24 | $225.8M | $173.7M | ||
| Q2 24 | $266.6M | $143.3M | ||
| Q1 24 | $271.3M | $120.3M |
净利润MPWPLUG
| Q4 25 | $17.6M | $-846.0M | ||
| Q3 25 | $-77.7M | $-361.9M | ||
| Q2 25 | $-98.4M | $-227.1M | ||
| Q1 25 | $-118.3M | $-196.7M | ||
| Q4 24 | $-412.3M | $-1.3B | ||
| Q3 24 | $-801.2M | $-211.2M | ||
| Q2 24 | $-320.6M | $-262.3M | ||
| Q1 24 | $-875.6M | $-295.8M |
毛利率MPWPLUG
| Q4 25 | 95.8% | 2.4% | ||
| Q3 25 | — | -67.9% | ||
| Q2 25 | 91.8% | -30.7% | ||
| Q1 25 | 63.6% | -55.3% | ||
| Q4 24 | 90.9% | -122.5% | ||
| Q3 24 | 96.5% | -57.6% | ||
| Q2 24 | 98.4% | -91.6% | ||
| Q1 24 | 84.9% | -132.3% |
营业利润率MPWPLUG
| Q4 25 | 9.7% | -338.9% | ||
| Q3 25 | -28.0% | -197.0% | ||
| Q2 25 | -36.7% | -101.7% | ||
| Q1 25 | -48.5% | -133.5% | ||
| Q4 24 | -173.7% | -678.7% | ||
| Q3 24 | -350.7% | -124.4% | ||
| Q2 24 | -114.5% | -170.7% | ||
| Q1 24 | -318.6% | -215.7% |
净利率MPWPLUG
| Q4 25 | 6.5% | -375.6% | ||
| Q3 25 | -32.7% | -204.4% | ||
| Q2 25 | -40.9% | -130.5% | ||
| Q1 25 | -52.8% | -147.1% | ||
| Q4 24 | -177.8% | -697.5% | ||
| Q3 24 | -354.8% | -121.5% | ||
| Q2 24 | -120.3% | -183.0% | ||
| Q1 24 | -322.7% | -245.9% |
每股收益（稀释后）MPWPLUG
| Q4 25 | $0.03 | $-0.70 | ||
| Q3 25 | $-0.13 | $-0.31 | ||
| Q2 25 | $-0.16 | $-0.20 | ||
| Q1 25 | $-0.20 | $-0.21 | ||
| Q4 24 | $-0.68 | $-1.61 | ||
| Q3 24 | $-1.34 | $-0.25 | ||
| Q2 24 | $-0.54 | $-0.36 | ||
| Q1 24 | $-1.46 | $-0.46 |
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 | $540.9M | $368.5M |
| 总债务越低越好 | $9.7B | — |
| 股东权益账面价值 | $4.6B | $978.1M |
| 总资产 | $15.0B | $2.6B |
| 负债/权益比越低杠杆越低 | 2.11× | — |
8季度趋势，按日历期对齐
现金及短期投资MPWPLUG
| Q4 25 | $540.9M | $368.5M | ||
| Q3 25 | $396.6M | $165.9M | ||
| Q2 25 | $509.8M | $140.7M | ||
| Q1 25 | $673.5M | $295.8M | ||
| Q4 24 | $332.3M | $205.7M | ||
| Q3 24 | $275.6M | $93.9M | ||
| Q2 24 | $606.5M | $62.4M | ||
| Q1 24 | $224.3M | $172.9M |
总债务MPWPLUG
| Q4 25 | $9.7B | — | ||
| Q3 25 | $9.6B | — | ||
| Q2 25 | $9.6B | — | ||
| Q1 25 | $9.5B | — | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | $9.2B | $3.9M | ||
| Q2 24 | $9.4B | $3.7M | ||
| Q1 24 | $10.1B | $3.8M |
股东权益MPWPLUG
| Q4 25 | $4.6B | $978.1M | ||
| Q3 25 | $4.7B | $1.4B | ||
| Q2 25 | $4.8B | $1.7B | ||
| Q1 25 | $4.8B | $1.9B | ||
| Q4 24 | $4.8B | $1.7B | ||
| Q3 24 | $5.4B | $3.0B | ||
| Q2 24 | $6.2B | $3.0B | ||
| Q1 24 | $6.7B | $2.9B |
总资产MPWPLUG
| Q4 25 | $15.0B | $2.6B | ||
| Q3 25 | $14.9B | $3.1B | ||
| Q2 25 | $15.2B | $3.4B | ||
| Q1 25 | $14.9B | $3.6B | ||
| Q4 24 | $14.3B | $3.6B | ||
| Q3 24 | $15.2B | $4.7B | ||
| Q2 24 | $16.2B | $4.8B | ||
| Q1 24 | $17.3B | $4.8B |
负债/权益比MPWPLUG
| Q4 25 | 2.11× | — | ||
| Q3 25 | 2.06× | — | ||
| Q2 25 | 2.00× | — | ||
| Q1 25 | 1.99× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 1.69× | 0.00× | ||
| Q2 24 | 1.51× | 0.00× | ||
| Q1 24 | 1.51× | 0.00× |
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 | $230.8M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-153.0M |
| 自由现金流率自由现金流/营收 | — | -67.9% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 现金转化率经营现金流/净利润 | 13.11× | — |
| 过去12个月自由现金流最近4个季度 | — | $-647.0M |
8季度趋势，按日历期对齐
经营现金流MPWPLUG
| Q4 25 | $230.8M | $-148.6M | ||
| Q3 25 | $18.6M | $-89.8M | ||
| Q2 25 | $51.7M | $-191.8M | ||
| Q1 25 | $384.0K | $-105.6M | ||
| Q4 24 | $245.5M | $-131.2M | ||
| Q3 24 | $59.2M | $-174.9M | ||
| Q2 24 | $35.3M | $-254.7M | ||
| Q1 24 | $74.3M | $-167.7M |
自由现金流MPWPLUG
| Q4 25 | — | $-153.0M | ||
| Q3 25 | — | $-117.5M | ||
| Q2 25 | — | $-230.4M | ||
| Q1 25 | — | $-146.0M | ||
| Q4 24 | — | $-165.2M | ||
| Q3 24 | — | $-234.2M | ||
| Q2 24 | — | $-356.0M | ||
| Q1 24 | — | $-260.3M |
自由现金流率MPWPLUG
| Q4 25 | — | -67.9% | ||
| Q3 25 | — | -66.4% | ||
| Q2 25 | — | -132.5% | ||
| Q1 25 | — | -109.2% | ||
| Q4 24 | — | -86.3% | ||
| Q3 24 | — | -134.8% | ||
| Q2 24 | — | -248.4% | ||
| Q1 24 | — | -216.5% |
资本支出强度MPWPLUG
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 15.6% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | — | 17.7% | ||
| Q3 24 | — | 34.1% | ||
| Q2 24 | — | 70.7% | ||
| Q1 24 | — | 77.0% |
现金转化率MPWPLUG
| Q4 25 | 13.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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
MPW
暂无分部数据
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
