vs
MEDICAL PROPERTIES TRUST INC（MPW）与BOSTON BEER CO INC（SAM）财务数据对比。点击上方公司名可切换其他公司
BOSTON BEER CO INC的季度营收约是MEDICAL PROPERTIES TRUST INC的1.7倍（$461.6M vs $270.3M），MEDICAL PROPERTIES TRUST INC同比增速更快（16.6% vs -4.1%），过去两年MEDICAL PROPERTIES TRUST INC的营收复合增速更高（-0.2% vs -10.7%）
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。
波士顿啤酒公司是美国知名酿酒企业，1984年由吉姆·科赫与朗达·卡尔曼联合创立。旗下首款产品以美国开国元勋、独立运动先驱塞缪尔·亚当斯命名，后续陆续推出多个自有品牌，2019年正式完成与角鲨头酿酒厂的合并，是北美精酿啤酒行业的核心参与者之一。
MPW vs SAM — 直观对比
营收规模更大
SAM
是对方的1.7倍
$270.3M
营收增速更快
MPW
高出20.7%
-4.1%
两年增速更快
MPW
近两年复合增速
-10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $270.3M | $461.6M |
| 净利润 | $17.6M | — |
| 毛利率 | 95.8% | 46.4% |
| 营业利润率 | 9.7% | 12.4% |
| 净利率 | 6.5% | — |
| 营收同比 | 16.6% | -4.1% |
| 净利润同比 | 104.3% | — |
| 每股收益（稀释后） | $0.03 | $2.16 |
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MPWSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $270.3M | $385.7M | ||
| Q3 25 | $237.5M | $537.5M | ||
| Q2 25 | $240.4M | $587.9M | ||
| Q1 25 | $223.8M | $453.9M | ||
| Q4 24 | $231.8M | $402.3M | ||
| Q3 24 | $225.8M | $605.5M | ||
| Q2 24 | $266.6M | $579.1M |
净利润MPWSAM
| Q1 26 | — | — | ||
| Q4 25 | $17.6M | $-22.5M | ||
| Q3 25 | $-77.7M | $46.2M | ||
| Q2 25 | $-98.4M | $60.4M | ||
| Q1 25 | $-118.3M | $24.4M | ||
| Q4 24 | $-412.3M | $-38.8M | ||
| Q3 24 | $-801.2M | $33.5M | ||
| Q2 24 | $-320.6M | $52.3M |
毛利率MPWSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | 95.8% | 43.5% | ||
| Q3 25 | — | 50.8% | ||
| Q2 25 | 91.8% | 49.8% | ||
| Q1 25 | 63.6% | 48.3% | ||
| Q4 24 | 90.9% | 39.9% | ||
| Q3 24 | 96.5% | 46.3% | ||
| Q2 24 | 98.4% | 46.0% |
营业利润率MPWSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | 9.7% | -8.6% | ||
| Q3 25 | -28.0% | 11.5% | ||
| Q2 25 | -36.7% | 14.0% | ||
| Q1 25 | -48.5% | 7.4% | ||
| Q4 24 | -173.7% | -13.9% | ||
| Q3 24 | -350.7% | 7.6% | ||
| Q2 24 | -114.5% | 12.2% |
净利率MPWSAM
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | -5.8% | ||
| Q3 25 | -32.7% | 8.6% | ||
| Q2 25 | -40.9% | 10.3% | ||
| Q1 25 | -52.8% | 5.4% | ||
| Q4 24 | -177.8% | -9.6% | ||
| Q3 24 | -354.8% | 5.5% | ||
| Q2 24 | -120.3% | 9.0% |
每股收益（稀释后）MPWSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $0.03 | $-1.97 | ||
| Q3 25 | $-0.13 | $4.25 | ||
| Q2 25 | $-0.16 | $5.45 | ||
| Q1 25 | $-0.20 | $2.16 | ||
| Q4 24 | $-0.68 | $-3.23 | ||
| Q3 24 | $-1.34 | $2.86 | ||
| Q2 24 | $-0.54 | $4.39 |
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 | $164.1M |
| 总债务越低越好 | $9.7B | — |
| 股东权益账面价值 | $4.6B | $682.6M |
| 总资产 | $15.0B | $1.2B |
| 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MPWSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $540.9M | $223.4M | ||
| Q3 25 | $396.6M | $250.5M | ||
| Q2 25 | $509.8M | $212.4M | ||
| Q1 25 | $673.5M | $152.5M | ||
| Q4 24 | $332.3M | $211.8M | ||
| Q3 24 | $275.6M | $255.6M | ||
| Q2 24 | $606.5M | $219.3M |
总债务MPWSAM
| Q1 26 | — | — | ||
| Q4 25 | $9.7B | — | ||
| Q3 25 | $9.6B | — | ||
| Q2 25 | $9.6B | — | ||
| Q1 25 | $9.5B | — | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | $9.2B | — | ||
| Q2 24 | $9.4B | — |
股东权益MPWSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $4.6B | $846.3M | ||
| Q3 25 | $4.7B | $911.0M | ||
| Q2 25 | $4.8B | $912.3M | ||
| Q1 25 | $4.8B | $897.0M | ||
| Q4 24 | $4.8B | $916.2M | ||
| Q3 24 | $5.4B | $1.0B | ||
| Q2 24 | $6.2B | $1.0B |
总资产MPWSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $15.0B | $1.2B | ||
| Q3 25 | $14.9B | $1.2B | ||
| Q2 25 | $15.2B | $1.3B | ||
| Q1 25 | $14.9B | $1.2B | ||
| Q4 24 | $14.3B | $1.3B | ||
| Q3 24 | $15.2B | $1.4B | ||
| Q2 24 | $16.2B | $1.4B |
负债/权益比MPWSAM
| Q1 26 | — | — | ||
| Q4 25 | 2.11× | — | ||
| Q3 25 | 2.06× | — | ||
| Q2 25 | 2.00× | — | ||
| Q1 25 | 1.99× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 1.51× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流MPWSAM
| Q1 26 | — | — | ||
| Q4 25 | $230.8M | $39.9M | ||
| Q3 25 | $18.6M | $101.8M | ||
| Q2 25 | $51.7M | $126.5M | ||
| Q1 25 | $384.0K | $1.9M | ||
| Q4 24 | $245.5M | $41.9M | ||
| Q3 24 | $59.2M | $115.9M | ||
| Q2 24 | $35.3M | $96.0M |
自由现金流MPWSAM
| Q1 26 | — | — | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | — | $89.2M | ||
| Q2 25 | — | $112.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $18.4M | ||
| Q3 24 | — | $99.2M | ||
| Q2 24 | — | $75.6M |
自由现金流率MPWSAM
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | -1.8% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 13.1% |
资本支出强度MPWSAM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 3.5% |
现金转化率MPWSAM
| Q1 26 | — | — | ||
| Q4 25 | 13.11× | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.46× | ||
| Q2 24 | — | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
