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Pebblebrook Hotel Trust（PEB）与Unity Software Inc.（U）财务数据对比。点击上方公司名可切换其他公司
Unity Software Inc.的季度营收约是Pebblebrook Hotel Trust的1.4倍（$503.1M vs $349.0M），Pebblebrook Hotel Trust净利率更高（-5.1% vs -17.9%，领先12.8%），Unity Software Inc.同比增速更快（10.1% vs 3.4%），Pebblebrook Hotel Trust自由现金流更多（$152.3M vs $118.7M），过去两年Pebblebrook Hotel Trust的营收复合增速更高（5.4% vs 4.5%）
Pebblebrook Hotel Trust是一家公开上市的房地产投资信托，主要在美国核心城市及休闲目的地持有、运营并投资高端、奢华及精品酒店物业，服务商务与休闲旅客，聚焦高需求市场以推动长期价值增长。
Unity Software Inc.是总部位于美国旧金山的游戏软件开发企业，2004年于丹麦成立时原名为Over the Edge Entertainment，2007年更为现名。公司核心产品Unity游戏引擎全球应用广泛，可用于开发各类电子游戏及其他互动应用，商业化授权服务覆盖全球客户。
PEB vs U — 直观对比
营收规模更大
U
是对方的1.4倍
$349.0M
营收增速更快
U
高出6.7%
3.4%
净利率更高
PEB
高出12.8%
-17.9%
自由现金流更多
PEB
多$33.7M
$118.7M
两年增速更快
PEB
近两年复合增速
4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $349.0M | $503.1M |
| 净利润 | $-17.9M | $-90.0M |
| 毛利率 | — | 74.3% |
| 营业利润率 | 2.5% | -21.2% |
| 净利率 | -5.1% | -17.9% |
| 营收同比 | 3.4% | 10.1% |
| 净利润同比 | 64.6% | 26.7% |
| 每股收益（稀释后） | $-0.22 | $-0.21 |
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PEBU
| Q4 25 | $349.0M | $503.1M | ||
| Q3 25 | $398.7M | $470.6M | ||
| Q2 25 | $407.5M | $440.9M | ||
| Q1 25 | $320.3M | $435.0M | ||
| Q4 24 | $337.6M | $457.1M | ||
| Q3 24 | $404.5M | $446.5M | ||
| Q2 24 | $397.1M | $449.3M | ||
| Q1 24 | $314.1M | $460.4M |
净利润PEBU
| Q4 25 | $-17.9M | $-90.0M | ||
| Q3 25 | $-33.1M | $-126.4M | ||
| Q2 25 | $18.1M | $-108.8M | ||
| Q1 25 | $-32.9M | $-77.6M | ||
| Q4 24 | $-50.5M | $-122.7M | ||
| Q3 24 | $43.7M | $-124.7M | ||
| Q2 24 | $30.9M | $-125.6M | ||
| Q1 24 | $-28.4M | $-291.1M |
毛利率PEBU
| Q4 25 | — | 74.3% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 74.1% | ||
| Q1 25 | — | 73.8% | ||
| Q4 24 | — | 74.7% | ||
| Q3 24 | — | 74.9% | ||
| Q2 24 | — | 75.8% | ||
| Q1 24 | — | 68.6% |
营业利润率PEBU
| Q4 25 | 2.5% | -21.2% | ||
| Q3 25 | -2.6% | -26.7% | ||
| Q2 25 | 12.9% | -26.9% | ||
| Q1 25 | -2.3% | -29.4% | ||
| Q4 24 | -6.7% | -27.1% | ||
| Q3 24 | 11.6% | -28.5% | ||
| Q2 24 | 15.4% | -28.8% | ||
| Q1 24 | -0.4% | -81.4% |
净利率PEBU
| Q4 25 | -5.1% | -17.9% | ||
| Q3 25 | -8.3% | -26.9% | ||
| Q2 25 | 4.4% | -24.7% | ||
| Q1 25 | -10.3% | -17.8% | ||
| Q4 24 | -15.0% | -26.8% | ||
| Q3 24 | 10.8% | -27.9% | ||
| Q2 24 | 7.8% | -28.0% | ||
| Q1 24 | -9.0% | -63.2% |
每股收益（稀释后）PEBU
| Q4 25 | $-0.22 | $-0.21 | ||
| Q3 25 | $-0.37 | $-0.30 | ||
| Q2 25 | $0.06 | $-0.26 | ||
| Q1 25 | $-0.37 | $-0.19 | ||
| Q4 24 | $-0.47 | $-0.30 | ||
| Q3 24 | $0.24 | $-0.31 | ||
| Q2 24 | $0.16 | $-0.32 | ||
| Q1 24 | $-0.32 | $-0.75 |
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 | $184.2M | $2.1B |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $2.5B | $3.2B |
| 总资产 | $5.3B | $6.8B |
| 负债/权益比越低杠杆越低 | 0.86× | — |
8季度趋势，按日历期对齐
现金及短期投资PEBU
| Q4 25 | $184.2M | $2.1B | ||
| Q3 25 | $223.2M | $1.9B | ||
| Q2 25 | $256.1M | $1.7B | ||
| Q1 25 | $208.1M | $1.5B | ||
| Q4 24 | $206.7M | $1.5B | ||
| Q3 24 | $134.0M | $1.4B | ||
| Q2 24 | $101.7M | $1.3B | ||
| Q1 24 | $56.7M | $1.2B |
总债务PEBU
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.2B | — | ||
| Q1 24 | $2.2B | — |
股东权益PEBU
| Q4 25 | $2.5B | $3.2B | ||
| Q3 25 | $2.5B | $3.2B | ||
| Q2 25 | $2.6B | $3.2B | ||
| Q1 25 | $2.6B | $3.2B | ||
| Q4 24 | $2.7B | $3.2B | ||
| Q3 24 | $2.8B | $3.2B | ||
| Q2 24 | $2.7B | $3.2B | ||
| Q1 24 | $2.7B | $3.2B |
总资产PEBU
| Q4 25 | $5.3B | $6.8B | ||
| Q3 25 | $5.6B | $6.8B | ||
| Q2 25 | $5.7B | $6.7B | ||
| Q1 25 | $5.7B | $6.6B | ||
| Q4 24 | $5.7B | $6.7B | ||
| Q3 24 | $5.7B | $6.7B | ||
| Q2 24 | $5.7B | $6.7B | ||
| Q1 24 | $5.7B | $6.8B |
负债/权益比PEBU
| Q4 25 | 0.86× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.85× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.83× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 0.80× | — | ||
| Q1 24 | 0.81× | — |
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 | $249.7M | $121.4M |
| 自由现金流经营现金流 - 资本支出 | $152.3M | $118.7M |
| 自由现金流率自由现金流/营收 | 43.6% | 23.6% |
| 资本支出强度资本支出/营收 | 27.9% | 0.5% |
| 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 | — | $403.9M |
8季度趋势，按日历期对齐
经营现金流PEBU
| Q4 25 | $249.7M | $121.4M | ||
| Q3 25 | $77.6M | $155.4M | ||
| Q2 25 | $90.5M | $133.1M | ||
| Q1 25 | $50.3M | $13.0M | ||
| Q4 24 | $275.0M | $112.2M | ||
| Q3 24 | $76.1M | $122.4M | ||
| Q2 24 | $83.7M | $88.4M | ||
| Q1 24 | $46.0M | $-7.4M |
自由现金流PEBU
| Q4 25 | $152.3M | $118.7M | ||
| Q3 25 | $6.8M | $151.3M | ||
| Q2 25 | — | $126.7M | ||
| Q1 25 | — | $7.3M | ||
| Q4 24 | $146.3M | $105.8M | ||
| Q3 24 | $-24.8M | $115.2M | ||
| Q2 24 | — | $79.6M | ||
| Q1 24 | — | $-14.6M |
自由现金流率PEBU
| Q4 25 | 43.6% | 23.6% | ||
| Q3 25 | 1.7% | 32.1% | ||
| Q2 25 | — | 28.7% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 43.3% | 23.1% | ||
| Q3 24 | -6.1% | 25.8% | ||
| Q2 24 | — | 17.7% | ||
| Q1 24 | — | -3.2% |
资本支出强度PEBU
| Q4 25 | 27.9% | 0.5% | ||
| Q3 25 | 17.7% | 0.9% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | 38.1% | 1.4% | ||
| Q3 24 | 24.9% | 1.6% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 1.6% |
现金转化率PEBU
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.01× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.70× | — | ||
| Q1 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
PEB
| Occupancy | $210.9M | 60% |
| Food And Beverage | $99.8M | 29% |
| Hotel Other | $38.2M | 11% |
U
| Grow Solutions | $338.2M | 67% |
| Create Solutions | $164.9M | 33% |
