vs
National Healthcare Properties, Inc.（NHPAP）与RMR GROUP INC.（RMR）财务数据对比。点击上方公司名可切换其他公司
National Healthcare Properties, Inc.的季度营收约是RMR GROUP INC.的1.3倍（$84.5M vs $66.7M），RMR GROUP INC.净利率更高（18.3% vs -27.0%，领先45.3%），RMR GROUP INC.同比增速更快（40.8% vs -3.7%）
本公司是一家总部位于英国伦敦的房地产投资企业，核心业务为投资运营基础医疗设施。截至2025年6月，公司在英国和爱尔兰拥有并运营超过500家基础医疗机构，目前在伦敦证券交易所上市，是富时250指数的成分股之一。
RMR集团是总部位于美国的另类资产管理企业，核心业务聚焦不动产及相关投资，覆盖商业地产、住宅物业、基础设施等赛道，服务全球核心市场的机构投资者、高净值人士及零售客户。
NHPAP vs RMR — 直观对比
营收规模更大
NHPAP
是对方的1.3倍
$66.7M
营收增速更快
RMR
高出44.5%
-3.7%
净利率更高
RMR
高出45.3%
-27.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $84.5M | $66.7M |
| 净利润 | $-22.8M | $12.2M |
| 毛利率 | 36.5% | — |
| 营业利润率 | -7.8% | 48.1% |
| 净利率 | -27.0% | 18.3% |
| 营收同比 | -3.7% | 40.8% |
| 净利润同比 | -33.9% | 91.1% |
| 每股收益（稀释后） | $-0.92 | $0.71 |
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NHPAPRMR
| Q4 25 | $84.5M | $66.7M | ||
| Q3 25 | $86.0M | — | ||
| Q2 25 | $85.3M | — | ||
| Q1 25 | $86.4M | — | ||
| Q4 24 | $87.7M | — | ||
| Q3 24 | $88.9M | — | ||
| Q2 24 | $88.8M | — | ||
| Q1 24 | $88.3M | — |
净利润NHPAPRMR
| Q4 25 | $-22.8M | $12.2M | ||
| Q3 25 | $-12.5M | — | ||
| Q2 25 | $-20.8M | — | ||
| Q1 25 | $-1.5M | — | ||
| Q4 24 | $-17.0M | — | ||
| Q3 24 | $-40.8M | — | ||
| Q2 24 | $-116.9M | — | ||
| Q1 24 | $-15.6M | — |
毛利率NHPAPRMR
| Q4 25 | 36.5% | — | ||
| Q3 25 | 37.4% | — | ||
| Q2 25 | 36.9% | — | ||
| Q1 25 | 33.4% | — | ||
| Q4 24 | 37.4% | — | ||
| Q3 24 | 36.6% | — | ||
| Q2 24 | 38.1% | — | ||
| Q1 24 | 37.5% | — |
营业利润率NHPAPRMR
| Q4 25 | -7.8% | 48.1% | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | -6.5% | — | ||
| Q1 25 | 15.1% | — | ||
| Q4 24 | -1.2% | — | ||
| Q3 24 | -23.5% | — | ||
| Q2 24 | -113.1% | — | ||
| Q1 24 | -1.3% | — |
净利率NHPAPRMR
| Q4 25 | -27.0% | 18.3% | ||
| Q3 25 | -14.6% | — | ||
| Q2 25 | -24.4% | — | ||
| Q1 25 | -1.8% | — | ||
| Q4 24 | -19.4% | — | ||
| Q3 24 | -45.8% | — | ||
| Q2 24 | -131.6% | — | ||
| Q1 24 | -17.6% | — |
每股收益（稀释后）NHPAPRMR
| Q4 25 | $-0.92 | $0.71 | ||
| Q3 25 | $-0.56 | — | ||
| Q2 25 | $-0.85 | — | ||
| Q1 25 | $-0.18 | — | ||
| Q4 24 | $-0.72 | — | ||
| Q3 24 | $-1.56 | — | ||
| Q2 24 | $-4.24 | — | ||
| Q1 24 | $-0.67 | — |
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 | $57.6M | $49.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $600.1M | $232.7M |
| 总资产 | $1.7B | $687.1M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NHPAPRMR
| Q4 25 | $57.6M | $49.3M | ||
| Q3 25 | $47.1M | — | ||
| Q2 25 | $47.1M | — | ||
| Q1 25 | $71.4M | — | ||
| Q4 24 | $21.7M | — | ||
| Q3 24 | $32.9M | — | ||
| Q2 24 | $29.5M | — | ||
| Q1 24 | $28.7M | — |
股东权益NHPAPRMR
| Q4 25 | $600.1M | $232.7M | ||
| Q3 25 | $627.2M | — | ||
| Q2 25 | $647.0M | — | ||
| Q1 25 | $674.6M | — | ||
| Q4 24 | $684.6M | — | ||
| Q3 24 | $702.6M | — | ||
| Q2 24 | $756.7M | — | ||
| Q1 24 | $877.7M | — |
总资产NHPAPRMR
| Q4 25 | $1.7B | $687.1M | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | — |
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 | $7.0M | $10.7M |
| 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 | — | 0.88× |
| 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NHPAPRMR
| Q4 25 | $7.0M | $10.7M | ||
| Q3 25 | $10.2M | — | ||
| Q2 25 | $8.1M | — | ||
| Q1 25 | $-21.2M | — | ||
| Q4 24 | $-79.8M | — | ||
| Q3 24 | $-95.2M | — | ||
| Q2 24 | $6.4M | — | ||
| Q1 24 | $2.5M | — |
现金转化率NHPAPRMR
| Q4 25 | — | 0.88× | ||
| 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
NHPAP
| Seniors Housing Communities | $56.3M | 67% |
| Outpatient Medical Facilities | $28.1M | 33% |
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
