vs
奥的斯（OTIS）与Welltower（WELL）财务数据对比。点击上方公司名可切换其他公司
奥的斯的季度营收约是Welltower的1.1倍（$3.6B vs $3.4B），Welltower净利率更高（22.4% vs 9.5%，领先12.9%），Welltower同比增速更快（38.3% vs 1.0%），过去两年Welltower的营收复合增速更高（55.1% vs -0.5%）
奥的斯（Otis Worldwide）是总部位于美国的知名垂直交通解决方案提供商，专业从事电梯、自动扶梯、自动人行道及相关配套设备的研发、生产与销售业务，产品覆盖全球各地区的商业楼宇、公共设施、住宅等多元场景。
Welltower Inc.是一家专注于医疗基础设施领域的房地产投资信托企业，核心业务为医疗类地产投资运营。截至2022年12月31日，公司投资的物业总量约3000处，全部布局于美国、加拿大及英国市场，是全球医疗地产投资领域的代表性企业之一。
OTIS vs WELL — 直观对比
营收规模更大
OTIS
是对方的1.1倍
$3.4B
营收增速更快
WELL
高出37.3%
1.0%
净利率更高
WELL
高出12.9%
9.5%
两年增速更快
WELL
近两年复合增速
-0.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $3.4B |
| 净利润 | $340.0M | $752.3M |
| 毛利率 | — | — |
| 营业利润率 | 15.1% | — |
| 净利率 | 9.5% | 22.4% |
| 营收同比 | 1.0% | 38.3% |
| 净利润同比 | 750.0% | 192.4% |
| 每股收益（稀释后） | $0.87 | — |
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OTISWELL
| Q1 26 | $3.6B | $3.4B | ||
| Q4 25 | $3.8B | $2.6B | ||
| Q3 25 | $3.7B | $2.1B | ||
| Q2 25 | $3.6B | $2.0B | ||
| Q1 25 | $3.4B | $1.9B | ||
| Q4 24 | $3.7B | $1.8B | ||
| Q3 24 | $3.5B | $1.5B | ||
| Q2 24 | $3.6B | $1.4B |
净利润OTISWELL
| Q1 26 | $340.0M | $752.3M | ||
| Q4 25 | $374.0M | $117.8M | ||
| Q3 25 | $374.0M | $282.2M | ||
| Q2 25 | $393.0M | $304.6M | ||
| Q1 25 | $243.0M | $257.3M | ||
| Q4 24 | $337.0M | $123.8M | ||
| Q3 24 | $540.0M | $456.8M | ||
| Q2 24 | $415.0M | $260.7M |
毛利率OTISWELL
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 20.0% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | — | 20.2% |
营业利润率OTISWELL
| Q1 26 | 15.1% | — | ||
| Q4 25 | 15.5% | — | ||
| Q3 25 | 15.9% | 14.2% | ||
| Q2 25 | 15.2% | 15.1% | ||
| Q1 25 | 12.3% | 10.7% | ||
| Q4 24 | 14.4% | 6.2% | ||
| Q3 24 | 10.2% | 12.2% | ||
| Q2 24 | 15.8% | 6.5% |
净利率OTISWELL
| Q1 26 | 9.5% | 22.4% | ||
| Q4 25 | 9.9% | 4.6% | ||
| Q3 25 | 10.1% | 13.7% | ||
| Q2 25 | 10.9% | 15.5% | ||
| Q1 25 | 7.3% | 13.8% | ||
| Q4 24 | 9.2% | 7.0% | ||
| Q3 24 | 15.2% | 30.2% | ||
| Q2 24 | 11.5% | 18.7% |
每股收益（稀释后）OTISWELL
| Q1 26 | $0.87 | — | ||
| Q4 25 | $0.95 | $0.13 | ||
| Q3 25 | $0.95 | $0.41 | ||
| Q2 25 | $0.99 | $0.45 | ||
| Q1 25 | $0.61 | $0.40 | ||
| Q4 24 | $0.85 | $0.20 | ||
| Q3 24 | $1.34 | $0.73 | ||
| Q2 24 | $1.02 | $0.42 |
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 | $834.0M | $4.7B |
| 总债务越低越好 | $6.9B | — |
| 股东权益账面价值 | — | $44.7B |
| 总资产 | $10.5B | $67.2B |
| 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OTISWELL
| Q1 26 | $834.0M | $4.7B | ||
| Q4 25 | $1.1B | $5.0B | ||
| Q3 25 | $840.0M | $6.8B | ||
| Q2 25 | $688.0M | $4.4B | ||
| Q1 25 | $1.9B | $3.5B | ||
| Q4 24 | $2.3B | $3.5B | ||
| Q3 24 | $827.0M | $3.6B | ||
| Q2 24 | $942.0M | $2.8B |
总债务OTISWELL
| Q1 26 | $6.9B | — | ||
| Q4 25 | $7.8B | $19.2B | ||
| Q3 25 | $7.7B | $16.9B | ||
| Q2 25 | $7.2B | $16.0B | ||
| Q1 25 | $8.4B | $15.7B | ||
| Q4 24 | $8.3B | $15.5B | ||
| Q3 24 | $6.9B | $15.8B | ||
| Q2 24 | $6.8B | $13.9B |
股东权益OTISWELL
| Q1 26 | — | $44.7B | ||
| Q4 25 | $-5.4B | $42.1B | ||
| Q3 25 | $-5.4B | $38.8B | ||
| Q2 25 | $-5.4B | $35.9B | ||
| Q1 25 | $-5.1B | $34.0B | ||
| Q4 24 | $-4.8B | $32.0B | ||
| Q3 24 | $-4.9B | $30.3B | ||
| Q2 24 | $-5.0B | $29.0B |
总资产OTISWELL
| Q1 26 | $10.5B | $67.2B | ||
| Q4 25 | $10.7B | $67.3B | ||
| Q3 25 | $10.8B | $59.5B | ||
| Q2 25 | $10.5B | $55.8B | ||
| Q1 25 | $11.2B | $53.3B | ||
| Q4 24 | $11.3B | $51.0B | ||
| Q3 24 | $10.3B | $49.0B | ||
| Q2 24 | $9.9B | $45.5B |
负债/权益比OTISWELL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.48× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $380.0M | — |
| 自由现金流率自由现金流/营收 | 10.7% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 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 | $1.7B | — |
8季度趋势，按日历期对齐
经营现金流OTISWELL
| Q1 26 | — | — | ||
| Q4 25 | $817.0M | $654.3M | ||
| Q3 25 | $374.0M | $858.4M | ||
| Q2 25 | $215.0M | $770.0M | ||
| Q1 25 | $190.0M | $599.0M | ||
| Q4 24 | $690.0M | $559.2M | ||
| Q3 24 | $394.0M | $685.0M | ||
| Q2 24 | $308.0M | $605.4M |
自由现金流OTISWELL
| Q1 26 | $380.0M | — | ||
| Q4 25 | $772.0M | $340.4M | ||
| Q3 25 | $337.0M | $595.3M | ||
| Q2 25 | $179.0M | $537.2M | ||
| Q1 25 | $156.0M | $358.6M | ||
| Q4 24 | $651.0M | $240.4M | ||
| Q3 24 | $362.0M | $443.8M | ||
| Q2 24 | $284.0M | $440.3M |
自由现金流率OTISWELL
| Q1 26 | 10.7% | — | ||
| Q4 25 | 20.3% | 13.3% | ||
| Q3 25 | 9.1% | 28.9% | ||
| Q2 25 | 5.0% | 27.3% | ||
| Q1 25 | 4.7% | 19.2% | ||
| Q4 24 | 17.7% | 13.6% | ||
| Q3 24 | 10.2% | 29.4% | ||
| Q2 24 | 7.9% | 31.6% |
资本支出强度OTISWELL
| Q1 26 | 0.9% | — | ||
| Q4 25 | 1.2% | 12.3% | ||
| Q3 25 | 1.0% | 12.8% | ||
| Q2 25 | 1.0% | 11.8% | ||
| Q1 25 | 1.0% | 12.9% | ||
| Q4 24 | 1.1% | 18.1% | ||
| Q3 24 | 0.9% | 16.0% | ||
| Q2 24 | 0.7% | 11.8% |
现金转化率OTISWELL
| Q1 26 | — | — | ||
| Q4 25 | 2.18× | 5.56× | ||
| Q3 25 | 1.00× | 3.04× | ||
| Q2 25 | 0.55× | 2.53× | ||
| Q1 25 | 0.78× | 2.33× | ||
| Q4 24 | 2.05× | 4.52× | ||
| Q3 24 | 0.73× | 1.50× | ||
| Q2 24 | 0.74× | 2.32× |
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
OTIS
| Service | $2.2B | 61% |
| New Equipment | $1.1B | 32% |
| Other | $230.0M | 6% |
WELL
| Resident fees and services | $2.8B | 83% |
| Rental income | $453.8M | 14% |
| Other | $117.2M | 3% |
