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NNN REIT, INC.（NNN）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
NNN REIT, INC.的季度营收约是REPLIGEN CORP的1.2倍（$240.4M vs $197.9M），NNN REIT, INC.净利率更高（39.1% vs 6.7%，领先32.4%），REPLIGEN CORP同比增速更快（13.6% vs 4.1%），过去两年REPLIGEN CORP的营收复合增速更高（14.4% vs 5.3%）
NNN REIT是一家专业房地产投资信托机构，主要投资附带长期三净租约的餐饮类物业，交易多采用售后回租模式。公司注册地为美国马里兰州，总部位于佛罗里达州奥兰多市。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
NNN vs RGEN — 直观对比
营收规模更大
NNN
是对方的1.2倍
$197.9M
营收增速更快
RGEN
高出9.5%
4.1%
净利率更高
NNN
高出32.4%
6.7%
两年增速更快
RGEN
近两年复合增速
5.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $240.4M | $197.9M |
| 净利润 | $94.0M | $13.3M |
| 毛利率 | — | 52.5% |
| 营业利润率 | 61.0% | 9.0% |
| 净利率 | 39.1% | 6.7% |
| 营收同比 | 4.1% | 13.6% |
| 净利润同比 | -2.6% | 143.9% |
| 每股收益（稀释后） | $0.50 | $0.24 |
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NNNRGEN
| Q1 26 | $240.4M | — | ||
| Q4 25 | $238.4M | $197.9M | ||
| Q3 25 | $230.2M | $188.8M | ||
| Q2 25 | $226.8M | $182.4M | ||
| Q1 25 | $230.9M | $169.2M | ||
| Q4 24 | $218.5M | $174.1M | ||
| Q3 24 | $218.6M | $154.9M | ||
| Q2 24 | $216.8M | $154.1M |
净利润NNNRGEN
| Q1 26 | $94.0M | — | ||
| Q4 25 | $96.0M | $13.3M | ||
| Q3 25 | $96.8M | $14.9M | ||
| Q2 25 | $100.5M | $14.9M | ||
| Q1 25 | $96.5M | $5.8M | ||
| Q4 24 | $97.9M | $-30.3M | ||
| Q3 24 | $97.9M | $-654.0K | ||
| Q2 24 | $106.7M | $3.3M |
毛利率NNNRGEN
| Q1 26 | — | — | ||
| Q4 25 | — | 52.5% | ||
| Q3 25 | — | 53.2% | ||
| Q2 25 | — | 50.0% | ||
| Q1 25 | — | 53.6% | ||
| Q4 24 | — | 26.1% | ||
| Q3 24 | — | 50.0% | ||
| Q2 24 | — | 49.8% |
营业利润率NNNRGEN
| Q1 26 | 61.0% | — | ||
| Q4 25 | 62.3% | 9.0% | ||
| Q3 25 | 64.0% | 8.9% | ||
| Q2 25 | 66.0% | 7.6% | ||
| Q1 25 | 62.3% | 3.9% | ||
| Q4 24 | 65.8% | -17.7% | ||
| Q3 24 | 65.7% | -5.1% | ||
| Q2 24 | 70.2% | 1.0% |
净利率NNNRGEN
| Q1 26 | 39.1% | — | ||
| Q4 25 | 40.2% | 6.7% | ||
| Q3 25 | 42.1% | 7.9% | ||
| Q2 25 | 44.3% | 8.2% | ||
| Q1 25 | 41.8% | 3.4% | ||
| Q4 24 | 44.8% | -17.4% | ||
| Q3 24 | 44.8% | -0.4% | ||
| Q2 24 | 49.2% | 2.2% |
每股收益（稀释后）NNNRGEN
| Q1 26 | $0.50 | — | ||
| Q4 25 | $0.51 | $0.24 | ||
| Q3 25 | $0.51 | $0.26 | ||
| Q2 25 | $0.54 | $0.26 | ||
| Q1 25 | $0.51 | $0.10 | ||
| Q4 24 | $0.52 | $-0.55 | ||
| Q3 24 | $0.53 | $-0.01 | ||
| Q2 24 | $0.58 | $0.06 |
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 | $4.6M | $767.6M |
| 总债务越低越好 | — | $542.2M |
| 股东权益账面价值 | $4.4B | $2.1B |
| 总资产 | $9.4B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资NNNRGEN
| Q1 26 | $4.6M | — | ||
| Q4 25 | $5.0M | $767.6M | ||
| Q3 25 | $157.9M | $748.7M | ||
| Q2 25 | $6.0M | $708.9M | ||
| Q1 25 | $5.1M | $697.2M | ||
| Q4 24 | $8.7M | $757.4M | ||
| Q3 24 | $173.5M | $784.0M | ||
| Q2 24 | $2.1M | $809.1M |
总债务NNNRGEN
| Q1 26 | — | — | ||
| Q4 25 | — | $542.2M | ||
| Q3 25 | — | $537.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $525.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益NNNRGEN
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.4B | $2.1B | ||
| Q3 25 | $4.4B | $2.1B | ||
| Q2 25 | $4.4B | $2.1B | ||
| Q1 25 | $4.4B | $2.0B | ||
| Q4 24 | $4.4B | $2.0B | ||
| Q3 24 | $4.4B | $2.0B | ||
| Q2 24 | $4.2B | $2.0B |
总资产NNNRGEN
| Q1 26 | $9.4B | — | ||
| Q4 25 | $9.4B | $2.9B | ||
| Q3 25 | $9.5B | $2.9B | ||
| Q2 25 | $9.1B | $2.9B | ||
| Q1 25 | $9.0B | $2.9B | ||
| Q4 24 | $8.9B | $2.8B | ||
| Q3 24 | $8.9B | $2.8B | ||
| Q2 24 | $8.7B | $2.9B |
负债/权益比NNNRGEN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $25.7M |
| 自由现金流经营现金流 - 资本支出 | — | $17.6M |
| 自由现金流率自由现金流/营收 | — | 8.9% |
| 资本支出强度资本支出/营收 | — | 4.1% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | — | $93.9M |
8季度趋势，按日历期对齐
经营现金流NNNRGEN
| Q1 26 | — | — | ||
| Q4 25 | $667.1M | $25.7M | ||
| Q3 25 | $218.3M | $48.1M | ||
| Q2 25 | $119.4M | $28.6M | ||
| Q1 25 | $203.3M | $15.0M | ||
| Q4 24 | $635.5M | $39.2M | ||
| Q3 24 | $206.6M | $49.3M | ||
| Q2 24 | $120.5M | $42.2M |
自由现金流NNNRGEN
| Q1 26 | — | — | ||
| Q4 25 | — | $17.6M | ||
| Q3 25 | — | $43.4M | ||
| Q2 25 | — | $21.5M | ||
| Q1 25 | — | $11.4M | ||
| Q4 24 | — | $33.6M | ||
| Q3 24 | — | $42.3M | ||
| Q2 24 | — | $37.4M |
自由现金流率NNNRGEN
| Q1 26 | — | — | ||
| Q4 25 | — | 8.9% | ||
| Q3 25 | — | 23.0% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | — | 27.3% | ||
| Q2 24 | — | 24.3% |
资本支出强度NNNRGEN
| Q1 26 | — | — | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 3.1% |
现金转化率NNNRGEN
| Q1 26 | — | — | ||
| Q4 25 | 6.95× | 1.93× | ||
| Q3 25 | 2.25× | 3.23× | ||
| Q2 25 | 1.19× | 1.92× | ||
| Q1 25 | 2.11× | 2.57× | ||
| Q4 24 | 6.49× | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 1.13× | 12.70× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
