vs
Realty Income（O）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Realty Income的季度营收约是Rithm Capital Corp.的1.8倍（$1.5B vs $828.2M），Realty Income净利率更高（19.9% vs 13.2%，领先6.7%），Rithm Capital Corp.同比增速更快（508.5% vs 11.0%），过去两年Realty Income的营收复合增速更高（8.6% vs -17.9%）
Realty Income是一家房地产投资信托企业，投资范围覆盖美国、英国及欧洲其他六个国家的独立单租户商业地产，旗下物业普遍采用三重净租约模式。公司注册地为美国马里兰州，总部位于加利福尼亚州圣迭戈市。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
O vs RITM — 直观对比
营收规模更大
O
是对方的1.8倍
$828.2M
营收增速更快
RITM
高出497.5%
11.0%
净利率更高
O
高出6.7%
13.2%
两年增速更快
O
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $828.2M |
| 净利润 | $296.1M | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | 21.7% | 29.9% |
| 净利率 | 19.9% | 13.2% |
| 营收同比 | 11.0% | 508.5% |
| 净利润同比 | 48.3% | 27.7% |
| 每股收益（稀释后） | $0.32 | $0.12 |
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ORITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.4B | $768.4M | ||
| Q4 24 | $1.3B | $2.1B | ||
| Q3 24 | $1.3B | $619.5M | ||
| Q2 24 | $1.3B | $1.2B |
净利润ORITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $296.1M | $85.0M | ||
| Q3 25 | $315.8M | $221.5M | ||
| Q2 25 | $196.9M | $311.7M | ||
| Q1 25 | $249.8M | $78.8M | ||
| Q4 24 | $199.6M | $290.2M | ||
| Q3 24 | $269.5M | $121.7M | ||
| Q2 24 | $259.4M | $235.6M |
营业利润率ORITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 21.7% | 13.8% | ||
| Q3 25 | 23.2% | 21.4% | ||
| Q2 25 | 15.8% | 25.2% | ||
| Q1 25 | 19.3% | 7.4% | ||
| Q4 24 | 16.5% | 23.8% | ||
| Q3 24 | 21.5% | 7.3% | ||
| Q2 24 | 20.7% | 23.6% |
净利率ORITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 19.9% | 5.7% | ||
| Q3 25 | 21.5% | 20.0% | ||
| Q2 25 | 14.0% | 25.6% | ||
| Q1 25 | 18.1% | 10.3% | ||
| Q4 24 | 14.9% | 14.0% | ||
| Q3 24 | 20.2% | 19.7% | ||
| Q2 24 | 19.4% | 19.2% |
每股收益（稀释后）ORITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.32 | $0.09 | ||
| Q3 25 | $0.35 | $0.35 | ||
| Q2 25 | $0.22 | $0.53 | ||
| Q1 25 | $0.28 | $0.07 | ||
| Q4 24 | $0.23 | $0.50 | ||
| Q3 24 | $0.30 | $0.20 | ||
| Q2 24 | $0.29 | $0.43 |
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 | $434.8M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $39.4B | $9.1B |
| 总资产 | $72.8B | $53.4B |
| 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ORITM
| Q1 26 | — | — | ||
| Q4 25 | $434.8M | $1.8B | ||
| Q3 25 | $417.2M | $1.6B | ||
| Q2 25 | $800.4M | $1.6B | ||
| Q1 25 | $319.0M | $1.5B | ||
| Q4 24 | $445.0M | $1.5B | ||
| Q3 24 | $397.0M | $1.6B | ||
| Q2 24 | $442.8M | $1.2B |
总债务ORITM
| Q1 26 | — | — | ||
| Q4 25 | — | $35.4B | ||
| Q3 25 | — | $32.2B | ||
| Q2 25 | — | $31.2B | ||
| Q1 25 | — | $32.2B | ||
| Q4 24 | — | $32.6B | ||
| Q3 24 | — | $29.6B | ||
| Q2 24 | — | $30.1B |
股东权益ORITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $39.4B | $8.4B | ||
| Q3 25 | $39.1B | $8.5B | ||
| Q2 25 | $39.2B | $7.9B | ||
| Q1 25 | $39.0B | $7.8B | ||
| Q4 24 | $38.8B | $7.8B | ||
| Q3 24 | $38.5B | $7.7B | ||
| Q2 24 | $38.6B | $7.3B |
总资产ORITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $72.8B | $53.1B | ||
| Q3 25 | $71.3B | $47.2B | ||
| Q2 25 | $71.4B | $44.3B | ||
| Q1 25 | $69.8B | $45.3B | ||
| Q4 24 | $68.8B | $46.0B | ||
| Q3 24 | $68.5B | $42.3B | ||
| Q2 24 | $68.1B | $42.0B |
负债/权益比ORITM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | $1.2B | — |
| 自由现金流经营现金流 - 资本支出 | $1.2B | — |
| 自由现金流率自由现金流/营收 | 77.6% | — |
| 资本支出强度资本支出/营收 | 3.3% | — |
| 现金转化率经营现金流/净利润 | 4.06× | — |
| 过去12个月自由现金流最近4个季度 | $3.9B | — |
8季度趋势，按日历期对齐
经营现金流ORITM
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $-114.6M | ||
| Q3 25 | $943.1M | $-2.0B | ||
| Q2 25 | $1.1B | $-557.1M | ||
| Q1 25 | $787.5M | $1.4B | ||
| Q4 24 | $972.0M | $-1.8B | ||
| Q3 24 | $841.5M | $768.1M | ||
| Q2 24 | $981.2M | $-55.7M |
自由现金流ORITM
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $909.9M | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $764.6M | — | ||
| Q4 24 | $935.8M | — | ||
| Q3 24 | $807.9M | — | ||
| Q2 24 | $939.2M | — |
自由现金流率ORITM
| Q1 26 | — | — | ||
| Q4 25 | 77.6% | — | ||
| Q3 25 | 61.9% | — | ||
| Q2 25 | 73.3% | — | ||
| Q1 25 | 55.4% | — | ||
| Q4 24 | 69.8% | — | ||
| Q3 24 | 60.7% | — | ||
| Q2 24 | 70.1% | — |
资本支出强度ORITM
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 3.1% | — |
现金转化率ORITM
| Q1 26 | — | — | ||
| Q4 25 | 4.06× | -1.35× | ||
| Q3 25 | 2.99× | -9.22× | ||
| Q2 25 | 5.39× | -1.79× | ||
| Q1 25 | 3.15× | 18.03× | ||
| Q4 24 | 4.87× | -6.04× | ||
| Q3 24 | 3.12× | 6.31× | ||
| Q2 24 | 3.78× | -0.24× |
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
O
| Product And Service Retail | $900.8M | 61% |
| Other | $531.5M | 36% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
