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Realty Income（O）与惠好（WY）财务数据对比。点击上方公司名可切换其他公司
惠好的季度营收约是Realty Income的1.0倍（$1.5B vs $1.5B），Realty Income净利率更高（19.9% vs 4.8%，领先15.1%），Realty Income同比增速更快（11.0% vs -9.8%），Realty Income自由现金流更多（$1.2B vs $-128.0M），过去两年Realty Income的营收复合增速更高（8.6% vs -7.4%）
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。
惠好是美国知名林地运营企业，在美国本土持有约1040万英亩林地，同时通过长期许可协议在加拿大管理额外1400万英亩林地。企业拥有逾百年木制品生产历史，目前以房地产投资信托（REIT）模式运营。
O vs WY — 直观对比
营收规模更大
WY
是对方的1.0倍
$1.5B
营收增速更快
O
高出20.8%
-9.8%
净利率更高
O
高出15.1%
4.8%
自由现金流更多
O
多$1.3B
$-128.0M
两年增速更快
O
近两年复合增速
-7.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.5B |
| 净利润 | $296.1M | $74.0M |
| 毛利率 | — | 10.4% |
| 营业利润率 | 21.7% | 16.3% |
| 净利率 | 19.9% | 4.8% |
| 营收同比 | 11.0% | -9.8% |
| 净利润同比 | 48.3% | -8.6% |
| 每股收益（稀释后） | $0.32 | $0.11 |
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OWY
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.3B | $1.9B | ||
| Q1 24 | $1.3B | $1.8B |
净利润OWY
| Q4 25 | $296.1M | $74.0M | ||
| Q3 25 | $315.8M | $80.0M | ||
| Q2 25 | $196.9M | $87.0M | ||
| Q1 25 | $249.8M | $83.0M | ||
| Q4 24 | $199.6M | $81.0M | ||
| Q3 24 | $269.5M | $28.0M | ||
| Q2 24 | $259.4M | $173.0M | ||
| Q1 24 | $132.3M | $114.0M |
毛利率OWY
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 11.9% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | — | 19.0% | ||
| Q4 24 | — | 17.8% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 20.8% | ||
| Q1 24 | — | 19.8% |
营业利润率OWY
| Q4 25 | 21.7% | 16.3% | ||
| Q3 25 | 23.2% | 7.2% | ||
| Q2 25 | 15.8% | 9.4% | ||
| Q1 25 | 19.3% | 10.2% | ||
| Q4 24 | 16.5% | 8.3% | ||
| Q3 24 | 21.5% | 4.6% | ||
| Q2 24 | 20.7% | 13.9% | ||
| Q1 24 | 11.9% | 10.9% |
净利率OWY
| Q4 25 | 19.9% | 4.8% | ||
| Q3 25 | 21.5% | 4.7% | ||
| Q2 25 | 14.0% | 4.6% | ||
| Q1 25 | 18.1% | 4.7% | ||
| Q4 24 | 14.9% | 4.7% | ||
| Q3 24 | 20.2% | 1.7% | ||
| Q2 24 | 19.4% | 8.9% | ||
| Q1 24 | 10.5% | 6.3% |
每股收益（稀释后）OWY
| Q4 25 | $0.32 | $0.11 | ||
| Q3 25 | $0.35 | $0.11 | ||
| Q2 25 | $0.22 | $0.12 | ||
| Q1 25 | $0.28 | $0.11 | ||
| Q4 24 | $0.23 | $0.10 | ||
| Q3 24 | $0.30 | $0.04 | ||
| Q2 24 | $0.29 | $0.24 | ||
| Q1 24 | $0.16 | $0.16 |
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 | $464.0M |
| 总债务越低越好 | — | $5.6B |
| 股东权益账面价值 | $39.4B | $9.4B |
| 总资产 | $72.8B | $16.6B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资OWY
| Q4 25 | $434.8M | $464.0M | ||
| Q3 25 | $417.2M | $401.0M | ||
| Q2 25 | $800.4M | $592.0M | ||
| Q1 25 | $319.0M | $560.0M | ||
| Q4 24 | $445.0M | $684.0M | ||
| Q3 24 | $397.0M | $877.0M | ||
| Q2 24 | $442.8M | $997.0M | ||
| Q1 24 | $680.2M | $871.0M |
总债务OWY
| Q4 25 | — | $5.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益OWY
| Q4 25 | $39.4B | $9.4B | ||
| Q3 25 | $39.1B | $9.4B | ||
| Q2 25 | $39.2B | $9.5B | ||
| Q1 25 | $39.0B | $9.6B | ||
| Q4 24 | $38.8B | $9.7B | ||
| Q3 24 | $38.5B | $9.9B | ||
| Q2 24 | $38.6B | $10.0B | ||
| Q1 24 | $39.0B | $10.1B |
总资产OWY
| Q4 25 | $72.8B | $16.6B | ||
| Q3 25 | $71.3B | $16.7B | ||
| Q2 25 | $71.4B | $16.5B | ||
| Q1 25 | $69.8B | $16.5B | ||
| Q4 24 | $68.8B | $16.5B | ||
| Q3 24 | $68.5B | $16.7B | ||
| Q2 24 | $68.1B | $16.8B | ||
| Q1 24 | $68.3B | $16.8B |
负债/权益比OWY
| Q4 25 | — | 0.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $1.2B | $-114.0M |
| 自由现金流经营现金流 - 资本支出 | $1.2B | $-128.0M |
| 自由现金流率自由现金流/营收 | 77.6% | -8.3% |
| 资本支出强度资本支出/营收 | 3.3% | 0.9% |
| 现金转化率经营现金流/净利润 | 4.06× | -1.54× |
| 过去12个月自由现金流最近4个季度 | $3.9B | $511.0M |
8季度趋势，按日历期对齐
经营现金流OWY
| Q4 25 | $1.2B | $-114.0M | ||
| Q3 25 | $943.1M | $210.0M | ||
| Q2 25 | $1.1B | $396.0M | ||
| Q1 25 | $787.5M | $70.0M | ||
| Q4 24 | $972.0M | $218.0M | ||
| Q3 24 | $841.5M | $234.0M | ||
| Q2 24 | $981.2M | $432.0M | ||
| Q1 24 | $778.7M | $124.0M |
自由现金流OWY
| Q4 25 | $1.2B | $-128.0M | ||
| Q3 25 | $909.9M | $203.0M | ||
| Q2 25 | $1.0B | $388.0M | ||
| Q1 25 | $764.6M | $48.0M | ||
| Q4 24 | $935.8M | $205.0M | ||
| Q3 24 | $807.9M | $226.0M | ||
| Q2 24 | $939.2M | $423.0M | ||
| Q1 24 | $769.0M | $102.0M |
自由现金流率OWY
| Q4 25 | 77.6% | -8.3% | ||
| Q3 25 | 61.9% | 11.8% | ||
| Q2 25 | 73.3% | 20.6% | ||
| Q1 25 | 55.4% | 2.7% | ||
| Q4 24 | 69.8% | 12.0% | ||
| Q3 24 | 60.7% | 13.4% | ||
| Q2 24 | 70.1% | 21.8% | ||
| Q1 24 | 61.0% | 5.7% |
资本支出强度OWY
| Q4 25 | 3.3% | 0.9% | ||
| Q3 25 | 2.3% | 0.4% | ||
| Q2 25 | 1.9% | 0.4% | ||
| Q1 25 | 1.7% | 1.2% | ||
| Q4 24 | 2.7% | 0.8% | ||
| Q3 24 | 2.5% | 0.5% | ||
| Q2 24 | 3.1% | 0.5% | ||
| Q1 24 | 0.8% | 1.2% |
现金转化率OWY
| Q4 25 | 4.06× | -1.54× | ||
| Q3 25 | 2.99× | 2.63× | ||
| Q2 25 | 5.39× | 4.55× | ||
| Q1 25 | 3.15× | 0.84× | ||
| Q4 24 | 4.87× | 2.69× | ||
| Q3 24 | 3.12× | 8.36× | ||
| Q2 24 | 3.78× | 2.50× | ||
| Q1 24 | 5.89× | 1.09× |
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% |
WY
暂无分部数据
