vs
西方石油（OXY）与Welltower（WELL）财务数据对比。点击上方公司名可切换其他公司
Welltower的季度营收约是西方石油的2.0倍（$3.4B vs $1.7B），Welltower净利率更高（22.4% vs 6.9%，领先15.6%），Welltower同比增速更快（38.3% vs -75.8%），过去两年Welltower的营收复合增速更高（55.1% vs -50.4%）
西方石油是一家美国能源企业，核心业务覆盖美国及中东地区的油气勘探，以及美国、加拿大、智利的石化产品制造。公司注册于特拉华州，总部位于休斯顿，2021年分别位列财富500强第183位、福布斯全球企业2000强第670位。
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。
OXY vs WELL — 直观对比
营收规模更大
WELL
是对方的2.0倍
$1.7B
营收增速更快
WELL
高出114.2%
-75.8%
净利率更高
WELL
高出15.6%
6.9%
两年增速更快
WELL
近两年复合增速
-50.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $3.4B |
| 净利润 | $114.0M | $752.3M |
| 毛利率 | — | — |
| 营业利润率 | -6.5% | — |
| 净利率 | 6.9% | 22.4% |
| 营收同比 | -75.8% | 38.3% |
| 净利润同比 | 195.0% | 192.4% |
| 每股收益（稀释后） | $-0.07 | — |
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OXYWELL
| Q1 26 | — | $3.4B | ||
| Q4 25 | $1.7B | $2.6B | ||
| Q3 25 | $6.7B | $2.1B | ||
| Q2 25 | $6.3B | $2.0B | ||
| Q1 25 | $6.9B | $1.9B | ||
| Q4 24 | $6.9B | $1.8B | ||
| Q3 24 | $7.0B | $1.5B | ||
| Q2 24 | $6.8B | $1.4B |
净利润OXYWELL
| Q1 26 | — | $752.3M | ||
| Q4 25 | $114.0M | $117.8M | ||
| Q3 25 | $842.0M | $282.2M | ||
| Q2 25 | $468.0M | $304.6M | ||
| Q1 25 | $945.0M | $257.3M | ||
| Q4 24 | $-120.0M | $123.8M | ||
| Q3 24 | $1.1B | $456.8M | ||
| Q2 24 | $1.2B | $260.7M |
毛利率OXYWELL
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | 87.8% | 23.5% | ||
| Q2 25 | 86.6% | 23.2% | ||
| Q1 25 | 88.4% | 21.6% | ||
| Q4 24 | 89.0% | 20.0% | ||
| Q3 24 | 88.5% | 19.8% | ||
| Q2 24 | 87.9% | 20.2% |
营业利润率OXYWELL
| Q1 26 | — | — | ||
| Q4 25 | -6.5% | — | ||
| Q3 25 | 17.4% | 14.2% | ||
| Q2 25 | 11.7% | 15.1% | ||
| Q1 25 | 19.3% | 10.7% | ||
| Q4 24 | -2.5% | 6.2% | ||
| Q3 24 | 22.7% | 12.2% | ||
| Q2 24 | 24.0% | 6.5% |
净利率OXYWELL
| Q1 26 | — | 22.4% | ||
| Q4 25 | 6.9% | 4.6% | ||
| Q3 25 | 12.6% | 13.7% | ||
| Q2 25 | 7.4% | 15.5% | ||
| Q1 25 | 13.7% | 13.8% | ||
| Q4 24 | -1.7% | 7.0% | ||
| Q3 24 | 16.2% | 30.2% | ||
| Q2 24 | 17.2% | 18.7% |
每股收益（稀释后）OXYWELL
| Q1 26 | — | — | ||
| Q4 25 | $-0.07 | $0.13 | ||
| Q3 25 | $0.65 | $0.41 | ||
| Q2 25 | $0.26 | $0.45 | ||
| Q1 25 | $0.77 | $0.40 | ||
| Q4 24 | $-0.32 | $0.20 | ||
| Q3 24 | $0.98 | $0.73 | ||
| Q2 24 | $1.03 | $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 | $2.0B | $4.7B |
| 总债务越低越好 | $20.6B | — |
| 股东权益账面价值 | $36.0B | $44.7B |
| 总资产 | $84.2B | $67.2B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资OXYWELL
| Q1 26 | — | $4.7B | ||
| Q4 25 | $2.0B | $5.0B | ||
| Q3 25 | $2.2B | $6.8B | ||
| Q2 25 | $2.3B | $4.4B | ||
| Q1 25 | $2.6B | $3.5B | ||
| Q4 24 | $2.1B | $3.5B | ||
| Q3 24 | $1.8B | $3.6B | ||
| Q2 24 | $1.8B | $2.8B |
总债务OXYWELL
| Q1 26 | — | — | ||
| Q4 25 | $20.6B | $19.2B | ||
| Q3 25 | $20.8B | $16.9B | ||
| Q2 25 | $23.3B | $16.0B | ||
| Q1 25 | $24.0B | $15.7B | ||
| Q4 24 | $25.0B | $15.5B | ||
| Q3 24 | $25.5B | $15.8B | ||
| Q2 24 | $18.4B | $13.9B |
股东权益OXYWELL
| Q1 26 | — | $44.7B | ||
| Q4 25 | $36.0B | $42.1B | ||
| Q3 25 | $36.3B | $38.8B | ||
| Q2 25 | $35.7B | $35.9B | ||
| Q1 25 | $34.7B | $34.0B | ||
| Q4 24 | $34.2B | $32.0B | ||
| Q3 24 | $34.7B | $30.3B | ||
| Q2 24 | $32.1B | $29.0B |
总资产OXYWELL
| Q1 26 | — | $67.2B | ||
| Q4 25 | $84.2B | $67.3B | ||
| Q3 25 | $83.5B | $59.5B | ||
| Q2 25 | $84.4B | $55.8B | ||
| Q1 25 | $85.0B | $53.3B | ||
| Q4 24 | $85.4B | $51.0B | ||
| Q3 24 | $85.8B | $49.0B | ||
| Q2 24 | $76.2B | $45.5B |
负债/权益比OXYWELL
| Q1 26 | — | — | ||
| Q4 25 | 0.57× | 0.46× | ||
| Q3 25 | 0.57× | 0.43× | ||
| Q2 25 | 0.65× | 0.44× | ||
| Q1 25 | 0.69× | 0.46× | ||
| Q4 24 | 0.73× | 0.49× | ||
| Q3 24 | 0.73× | 0.52× | ||
| Q2 24 | 0.57× | 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 | $2.6B | — |
| 自由现金流经营现金流 - 资本支出 | $1.9B | — |
| 自由现金流率自由现金流/营收 | 113.4% | — |
| 资本支出强度资本支出/营收 | 45.4% | — |
| 现金转化率经营现金流/净利润 | 23.11× | — |
| 过去12个月自由现金流最近4个季度 | $4.1B | — |
8季度趋势，按日历期对齐
经营现金流OXYWELL
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $654.3M | ||
| Q3 25 | $2.8B | $858.4M | ||
| Q2 25 | $3.0B | $770.0M | ||
| Q1 25 | $2.1B | $599.0M | ||
| Q4 24 | $3.4B | $559.2M | ||
| Q3 24 | $3.7B | $685.0M | ||
| Q2 24 | $2.4B | $605.4M |
自由现金流OXYWELL
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | $340.4M | ||
| Q3 25 | $1.0B | $595.3M | ||
| Q2 25 | $962.0M | $537.2M | ||
| Q1 25 | $240.0M | $358.6M | ||
| Q4 24 | $1.6B | $240.4M | ||
| Q3 24 | $2.0B | $443.8M | ||
| Q2 24 | $623.0M | $440.3M |
自由现金流率OXYWELL
| Q1 26 | — | — | ||
| Q4 25 | 113.4% | 13.3% | ||
| Q3 25 | 15.3% | 28.9% | ||
| Q2 25 | 15.2% | 27.3% | ||
| Q1 25 | 3.5% | 19.2% | ||
| Q4 24 | 23.0% | 13.6% | ||
| Q3 24 | 28.5% | 29.4% | ||
| Q2 24 | 9.2% | 31.6% |
资本支出强度OXYWELL
| Q1 26 | — | — | ||
| Q4 25 | 45.4% | 12.3% | ||
| Q3 25 | 26.5% | 12.8% | ||
| Q2 25 | 31.6% | 11.8% | ||
| Q1 25 | 27.6% | 12.9% | ||
| Q4 24 | 26.0% | 18.1% | ||
| Q3 24 | 24.0% | 16.0% | ||
| Q2 24 | 26.0% | 11.8% |
现金转化率OXYWELL
| Q1 26 | — | — | ||
| Q4 25 | 23.11× | 5.56× | ||
| Q3 25 | 3.31× | 3.04× | ||
| Q2 25 | 6.32× | 2.53× | ||
| Q1 25 | 2.27× | 2.33× | ||
| Q4 24 | — | 4.52× | ||
| Q3 24 | 3.23× | 1.50× | ||
| Q2 24 | 2.05× | 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
OXY
暂无分部数据
WELL
| Resident fees and services | $2.8B | 83% |
| Rental income | $453.8M | 14% |
| Other | $117.2M | 3% |
