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Net Lease Office Properties（NLOP）与万物新生（RERE）财务数据对比。点击上方公司名可切换其他公司
万物新生的季度营收约是Net Lease Office Properties的1.4倍（$43.2M vs $30.7M），万物新生净利率更高（16.9% vs -0.2%，领先17.1%）
Net Lease Office Properties是一家商业地产投资机构，主要收购、持有并运营美国境内的优质单一租户净租赁办公资产，通过其精选的商业地产投资组合，为投资者提供长期稳定的收益渠道。
万物新生集团（ATRenew Inc.）是中国领先的二手消费电子产品交易与服务平台运营商，核心业务覆盖数码产品回收、质检、翻新及售卖，运营有爱回收等知名品牌，服务覆盖个人消费者及企业客户，市场遍及国内及部分东南亚地区。
NLOP vs RERE — 直观对比
营收规模更大
RERE
是对方的1.4倍
$30.7M
净利率更高
RERE
高出17.1%
-0.2%
损益表 — Q4 FY2025 vs Q1 FY2023
| 指标 | | |
|---|---|---|
| 营收 | $30.7M | $43.2M |
| 净利润 | $-53.0K | $7.3M |
| 毛利率 | — | — |
| 营业利润率 | -0.2% | — |
| 净利率 | -0.2% | 16.9% |
| 营收同比 | 10.9% | — |
| 净利润同比 | 99.9% | — |
| 每股收益（稀释后） | $-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NLOPRERE
| Q4 25 | $30.7M | — | ||
| Q3 25 | $29.8M | — | ||
| Q2 25 | $29.2M | — | ||
| Q1 25 | $29.2M | — | ||
| Q4 24 | $27.7M | — | ||
| Q3 24 | $31.5M | — | ||
| Q2 24 | $39.0M | — | ||
| Q1 24 | $44.0M | — |
净利润NLOPRERE
| Q4 25 | $-53.0K | — | ||
| Q3 25 | $-64.2M | — | ||
| Q2 25 | $-81.5M | — | ||
| Q1 25 | $492.0K | — | ||
| Q4 24 | $-35.8M | — | ||
| Q3 24 | $-40.3M | — | ||
| Q2 24 | $12.5M | — | ||
| Q1 24 | $-27.8M | — |
营业利润率NLOPRERE
| Q4 25 | -0.2% | — | ||
| Q3 25 | -215.2% | — | ||
| Q2 25 | -279.1% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | -140.7% | — | ||
| Q3 24 | -126.4% | — | ||
| Q2 24 | 32.3% | — | ||
| Q1 24 | -62.7% | — |
净利率NLOPRERE
| Q4 25 | -0.2% | — | ||
| Q3 25 | -215.4% | — | ||
| Q2 25 | -279.5% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | -129.0% | — | ||
| Q3 24 | -128.0% | — | ||
| Q2 24 | 31.9% | — | ||
| Q1 24 | -63.3% | — |
每股收益（稀释后）NLOPRERE
| Q4 25 | $-0.01 | — | ||
| Q3 25 | $-4.33 | — | ||
| Q2 25 | $-5.50 | — | ||
| Q1 25 | $0.03 | — | ||
| Q4 24 | $-2.41 | — | ||
| Q3 24 | $-2.73 | — | ||
| Q2 24 | $0.84 | — | ||
| Q1 24 | $-1.88 | — |
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 | $119.6M | $228.0M |
| 总债务越低越好 | $21.9M | — |
| 股东权益账面价值 | $293.9M | $557.1M |
| 总资产 | $453.4M | $722.9M |
| 负债/权益比越低杠杆越低 | 0.07× | — |
8季度趋势，按日历期对齐
现金及短期投资NLOPRERE
| Q4 25 | $119.6M | — | ||
| Q3 25 | $38.7M | — | ||
| Q2 25 | $54.1M | — | ||
| Q1 25 | $28.2M | — | ||
| Q4 24 | $25.1M | — | ||
| Q3 24 | $36.1M | — | ||
| Q2 24 | $36.1M | — | ||
| Q1 24 | $39.8M | — |
总债务NLOPRERE
| Q4 25 | $21.9M | — | ||
| Q3 25 | $47.1M | — | ||
| Q2 25 | $117.2M | — | ||
| Q1 25 | $148.5M | — | ||
| Q4 24 | $169.2M | — | ||
| Q3 24 | $239.4M | — | ||
| Q2 24 | $327.4M | — | ||
| Q1 24 | $515.2M | — |
股东权益NLOPRERE
| Q4 25 | $293.9M | — | ||
| Q3 25 | $430.3M | — | ||
| Q2 25 | $500.0M | — | ||
| Q1 25 | $582.1M | — | ||
| Q4 24 | $581.2M | — | ||
| Q3 24 | $621.9M | — | ||
| Q2 24 | $660.3M | — | ||
| Q1 24 | $647.2M | — |
总资产NLOPRERE
| Q4 25 | $453.4M | — | ||
| Q3 25 | $522.6M | — | ||
| Q2 25 | $668.7M | — | ||
| Q1 25 | $784.1M | — | ||
| Q4 24 | $805.1M | — | ||
| Q3 24 | $919.9M | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.2B | — |
负债/权益比NLOPRERE
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.11× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | 0.50× | — | ||
| Q1 24 | 0.80× | — |
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 | $64.1M | — |
| 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 | — | — |
| 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NLOPRERE
| Q4 25 | $64.1M | — | ||
| Q3 25 | $16.3M | — | ||
| Q2 25 | $11.7M | — | ||
| Q1 25 | $14.1M | — | ||
| Q4 24 | $71.9M | — | ||
| Q3 24 | $20.3M | — | ||
| Q2 24 | $14.7M | — | ||
| Q1 24 | $26.4M | — |
现金转化率NLOPRERE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 28.70× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.18× | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
