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ANNALY CAPITAL MANAGEMENT INC（NLY）与Natera, Inc.（NTRA）财务数据对比。点击上方公司名可切换其他公司
Natera, Inc.的季度营收约是ANNALY CAPITAL MANAGEMENT INC的1.8倍（$665.5M vs $366.6M），ANNALY CAPITAL MANAGEMENT INC净利率更高（276.5% vs 7.1%，领先269.4%），ANNALY CAPITAL MANAGEMENT INC同比增速更快（95.7% vs 39.8%），过去两年Natera, Inc.的营收复合增速更高（34.5% vs 14.8%）
Annaly Capital Management是全球规模最大的抵押型房地产投资信托之一，注册地位于美国马里兰州，总部设立于纽约市，专注于抵押类不动产相关资产的投资运营，在北美地产投资领域具备丰富经验与较高市场认可度。
Natera是总部位于美国得克萨斯州奥斯汀的临床基因检测企业，主打无创游离DNA（cfDNA）检测技术，业务覆盖女性健康、肿瘤及器官健康三大核心赛道。其自研专利技术结合前沿分子生物学手段与生物信息学工具矩阵，可实现单管血液样本中低至单个分子级别的高灵敏度检测。
NLY vs NTRA — 直观对比
营收规模更大
NTRA
是对方的1.8倍
$366.6M
营收增速更快
NLY
高出55.9%
39.8%
净利率更高
NLY
高出269.4%
7.1%
两年增速更快
NTRA
近两年复合增速
14.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $366.6M | $665.5M |
| 净利润 | $1.0B | $47.3M |
| 毛利率 | — | — |
| 营业利润率 | — | -3.4% |
| 净利率 | 276.5% | 7.1% |
| 营收同比 | 95.7% | 39.8% |
| 净利润同比 | 110.2% | 187.9% |
| 每股收益（稀释后） | $1.54 | $0.36 |
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NLYNTRA
| Q4 25 | $366.6M | $665.5M | ||
| Q3 25 | $275.8M | $592.2M | ||
| Q2 25 | $273.2M | $546.6M | ||
| Q1 25 | $220.0M | $501.8M | ||
| Q4 24 | $187.3M | $476.1M | ||
| Q3 24 | — | $439.8M | ||
| Q2 24 | — | $413.4M | ||
| Q1 24 | $-6.5M | $367.7M |
净利润NLYNTRA
| Q4 25 | $1.0B | $47.3M | ||
| Q3 25 | $832.4M | $-87.5M | ||
| Q2 25 | $57.1M | $-100.9M | ||
| Q1 25 | $124.2M | $-66.9M | ||
| Q4 24 | $482.1M | $-53.8M | ||
| Q3 24 | — | $-31.6M | ||
| Q2 24 | — | $-37.5M | ||
| Q1 24 | $462.9M | $-67.6M |
营业利润率NLYNTRA
| Q4 25 | — | -3.4% | ||
| Q3 25 | — | -16.5% | ||
| Q2 25 | 22.3% | -20.2% | ||
| Q1 25 | 63.0% | -15.8% | ||
| Q4 24 | — | -13.6% | ||
| Q3 24 | — | -8.9% | ||
| Q2 24 | — | -10.6% | ||
| Q1 24 | — | -20.2% |
净利率NLYNTRA
| Q4 25 | 276.5% | 7.1% | ||
| Q3 25 | 301.9% | -14.8% | ||
| Q2 25 | 20.9% | -18.5% | ||
| Q1 25 | 56.5% | -13.3% | ||
| Q4 24 | 257.4% | -11.3% | ||
| Q3 24 | — | -7.2% | ||
| Q2 24 | — | -9.1% | ||
| Q1 24 | -7175.5% | -18.4% |
每股收益（稀释后）NLYNTRA
| Q4 25 | $1.54 | $0.36 | ||
| Q3 25 | $1.20 | $-0.64 | ||
| Q2 25 | $0.03 | $-0.74 | ||
| Q1 25 | $0.15 | $-0.50 | ||
| Q4 24 | $0.81 | $-0.41 | ||
| Q3 24 | — | $-0.26 | ||
| Q2 24 | — | $-0.30 | ||
| Q1 24 | $0.85 | $-0.56 |
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 | — | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $16.1B | $1.7B |
| 总资产 | $135.6B | $2.4B |
| 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NLYNTRA
| Q4 25 | — | — | ||
| Q3 25 | — | $1.0M | ||
| Q2 25 | — | $16.0M | ||
| Q1 25 | — | $17.8M | ||
| Q4 24 | — | $22.7M | ||
| Q3 24 | — | $29.5M | ||
| Q2 24 | — | $90.3M | ||
| Q1 24 | — | $69.1M |
股东权益NLYNTRA
| Q4 25 | $16.1B | $1.7B | ||
| Q3 25 | $14.9B | $1.3B | ||
| Q2 25 | $13.4B | $1.2B | ||
| Q1 25 | $13.0B | $1.2B | ||
| Q4 24 | $12.6B | $1.2B | ||
| Q3 24 | — | $878.5M | ||
| Q2 24 | — | $836.5M | ||
| Q1 24 | $11.4B | $794.1M |
总资产NLYNTRA
| Q4 25 | $135.6B | $2.4B | ||
| Q3 25 | $125.9B | $1.8B | ||
| Q2 25 | $112.1B | $1.8B | ||
| Q1 25 | $105.1B | $1.7B | ||
| Q4 24 | $103.6B | $1.7B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | $91.5B | $1.5B |
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 | $692.9M | $73.9M |
| 自由现金流经营现金流 - 资本支出 | — | $37.8M |
| 自由现金流率自由现金流/营收 | — | 5.7% |
| 资本支出强度资本支出/营收 | — | 5.4% |
| 现金转化率经营现金流/净利润 | 0.68× | 1.56× |
| 过去12个月自由现金流最近4个季度 | — | $109.1M |
8季度趋势，按日历期对齐
经营现金流NLYNTRA
| Q4 25 | $692.9M | $73.9M | ||
| Q3 25 | $24.1M | $59.4M | ||
| Q2 25 | $180.7M | $37.6M | ||
| Q1 25 | $-156.3M | $44.5M | ||
| Q4 24 | $3.3B | $52.9M | ||
| Q3 24 | — | $51.8M | ||
| Q2 24 | — | $4.0M | ||
| Q1 24 | $1.7B | $27.0M |
自由现金流NLYNTRA
| Q4 25 | — | $37.8M | ||
| Q3 25 | — | $37.0M | ||
| Q2 25 | — | $11.7M | ||
| Q1 25 | — | $22.6M | ||
| Q4 24 | — | $34.8M | ||
| Q3 24 | — | $35.5M | ||
| Q2 24 | — | $-7.7M | ||
| Q1 24 | — | $6.7M |
自由现金流率NLYNTRA
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | -1.9% | ||
| Q1 24 | — | 1.8% |
资本支出强度NLYNTRA
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 5.5% |
现金转化率NLYNTRA
| Q4 25 | 0.68× | 1.56× | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 3.17× | — | ||
| Q1 25 | -1.26× | — | ||
| Q4 24 | 6.87× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 3.67× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
