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PennyMac Mortgage Investment Trust（PMT）与READING INTERNATIONAL INC（RDI）财务数据对比。点击上方公司名可切换其他公司
PennyMac Mortgage Investment Trust的季度营收约是READING INTERNATIONAL INC的1.9倍（$93.6M vs $50.3M），PennyMac Mortgage Investment Trust净利率更高（56.0% vs -5.1%，领先61.1%），PennyMac Mortgage Investment Trust同比增速更快（-13.3% vs -14.2%），过去两年PennyMac Mortgage Investment Trust的营收复合增速更高（12.3% vs 5.6%）
PennyMac Mortgage Investment Trust是总部位于美国的房地产投资信托，专注于住宅抵押贷款相关资产，主要投资履约及违约抵押贷款、住宅抵押贷款支持证券和信用风险转移工具，业务覆盖美国住房市场的投资管理与抵押贷款服务板块。
雷丁公司是总部位于美国费城的铁路企业，1924年起在宾夕法尼亚州东部及周边各州提供客运与货运运输服务，直至1976年被联合铁路公司收购。
PMT vs RDI — 直观对比
营收规模更大
PMT
是对方的1.9倍
$50.3M
营收增速更快
PMT
高出0.9%
-14.2%
净利率更高
PMT
高出61.1%
-5.1%
两年增速更快
PMT
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $93.6M | $50.3M |
| 净利润 | $52.4M | $-2.6M |
| 毛利率 | — | — |
| 营业利润率 | 38.6% | -1.9% |
| 净利率 | 56.0% | -5.1% |
| 营收同比 | -13.3% | -14.2% |
| 净利润同比 | 12.5% | -14.5% |
| 每股收益（稀释后） | $0.49 | $-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PMTRDI
| Q4 25 | $93.6M | $50.3M | ||
| Q3 25 | $99.2M | $52.2M | ||
| Q2 25 | $70.2M | $60.4M | ||
| Q1 25 | $44.5M | $40.2M | ||
| Q4 24 | $107.9M | $58.6M | ||
| Q3 24 | $80.9M | $60.1M | ||
| Q2 24 | $71.2M | $46.8M | ||
| Q1 24 | $74.2M | $45.1M |
净利润PMTRDI
| Q4 25 | $52.4M | $-2.6M | ||
| Q3 25 | $58.3M | $-4.2M | ||
| Q2 25 | $7.5M | $-2.7M | ||
| Q1 25 | $9.7M | $-4.8M | ||
| Q4 24 | $46.5M | $-2.2M | ||
| Q3 24 | $41.4M | $-7.0M | ||
| Q2 24 | $25.4M | $-12.8M | ||
| Q1 24 | $47.6M | $-13.2M |
营业利润率PMTRDI
| Q4 25 | 38.6% | -1.9% | ||
| Q3 25 | 47.4% | -0.6% | ||
| Q2 25 | 24.2% | 4.8% | ||
| Q1 25 | -14.2% | -17.2% | ||
| Q4 24 | 51.1% | 2.6% | ||
| Q3 24 | 32.8% | -0.6% | ||
| Q2 24 | 40.2% | -16.4% | ||
| Q1 24 | 43.6% | -16.7% |
净利率PMTRDI
| Q4 25 | 56.0% | -5.1% | ||
| Q3 25 | 58.7% | -8.0% | ||
| Q2 25 | 10.7% | -4.4% | ||
| Q1 25 | 21.8% | -11.8% | ||
| Q4 24 | 43.1% | -3.8% | ||
| Q3 24 | 51.2% | -11.7% | ||
| Q2 24 | 35.7% | -27.4% | ||
| Q1 24 | 64.2% | -29.4% |
每股收益（稀释后）PMTRDI
| Q4 25 | $0.49 | $-0.11 | ||
| Q3 25 | $0.55 | $-0.18 | ||
| Q2 25 | $-0.04 | $-0.12 | ||
| Q1 25 | $-0.01 | $-0.21 | ||
| Q4 24 | $0.45 | $-0.11 | ||
| Q3 24 | $0.36 | $-0.31 | ||
| Q2 24 | $0.17 | $-0.57 | ||
| Q1 24 | $0.39 | $-0.59 |
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 | $190.5M | $10.5M |
| 总债务越低越好 | $1.1B | $185.1M |
| 股东权益账面价值 | $1.9B | $-18.2M |
| 总资产 | $21.3B | $434.9M |
| 负债/权益比越低杠杆越低 | 0.58× | — |
8季度趋势，按日历期对齐
现金及短期投资PMTRDI
| Q4 25 | $190.5M | $10.5M | ||
| Q3 25 | $181.0M | $8.1M | ||
| Q2 25 | $108.6M | $9.1M | ||
| Q1 25 | $204.2M | $5.9M | ||
| Q4 24 | $103.2M | $12.4M | ||
| Q3 24 | $102.8M | $10.1M | ||
| Q2 24 | $336.3M | $9.3M | ||
| Q1 24 | $343.3M | $7.5M |
总债务PMTRDI
| Q4 25 | $1.1B | $185.1M | ||
| Q3 25 | $299.0M | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $968.4M | — | ||
| Q4 24 | $1.0B | $202.7M | ||
| Q3 24 | $5.2B | — | ||
| Q2 24 | $5.4B | — | ||
| Q1 24 | $5.1B | — |
股东权益PMTRDI
| Q4 25 | $1.9B | $-18.2M | ||
| Q3 25 | $1.9B | $-12.1M | ||
| Q2 25 | $1.9B | $-7.7M | ||
| Q1 25 | $1.9B | $-8.1M | ||
| Q4 24 | $1.9B | $-4.4M | ||
| Q3 24 | $1.9B | $1.6M | ||
| Q2 24 | $1.9B | $6.5M | ||
| Q1 24 | $2.0B | $18.0M |
总资产PMTRDI
| Q4 25 | $21.3B | $434.9M | ||
| Q3 25 | $18.5B | $435.2M | ||
| Q2 25 | $16.8B | $438.1M | ||
| Q1 25 | $14.9B | $441.0M | ||
| Q4 24 | $14.4B | $471.0M | ||
| Q3 24 | $13.1B | $495.7M | ||
| Q2 24 | $12.1B | $494.9M | ||
| Q1 24 | $12.3B | $494.9M |
负债/权益比PMTRDI
| Q4 25 | 0.58× | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 2.70× | — | ||
| Q2 24 | 2.76× | — | ||
| Q1 24 | 2.60× | — |
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 | $-7.2B | $4.3M |
| 自由现金流经营现金流 - 资本支出 | — | $4.1M |
| 自由现金流率自由现金流/营收 | — | 8.2% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | -137.76× | — |
| 过去12个月自由现金流最近4个季度 | — | $-2.9M |
8季度趋势，按日历期对齐
经营现金流PMTRDI
| Q4 25 | $-7.2B | $4.3M | ||
| Q3 25 | $-1.3B | $295.0K | ||
| Q2 25 | $-2.0B | $1.6M | ||
| Q1 25 | $-594.3M | $-7.7M | ||
| Q4 24 | $-2.7B | $8.0M | ||
| Q3 24 | $-983.8M | $1.3M | ||
| Q2 24 | $243.8M | $-10.4M | ||
| Q1 24 | $-342.4M | $-2.8M |
自由现金流PMTRDI
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $-246.0K | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | — | $-10.6M | ||
| Q1 24 | — | $-4.7M |
自由现金流率PMTRDI
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -19.8% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | -1.8% | ||
| Q2 24 | — | -22.7% | ||
| Q1 24 | — | -10.4% |
资本支出强度PMTRDI
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 4.3% |
现金转化率PMTRDI
| Q4 25 | -137.76× | — | ||
| Q3 25 | -22.26× | — | ||
| Q2 25 | -267.53× | — | ||
| Q1 25 | -61.39× | — | ||
| Q4 24 | -58.08× | — | ||
| Q3 24 | -23.76× | — | ||
| Q2 24 | 9.59× | — | ||
| Q1 24 | -7.19× | — |
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
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
