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PennyMac Mortgage Investment Trust（PMT）与REGIS CORP（RGS）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REGIS CORP的1.6倍（$93.6M vs $57.1M），PennyMac Mortgage Investment Trust净利率更高（56.0% vs 0.8%，领先55.2%），REGIS CORP同比增速更快（22.3% vs -13.3%），过去两年PennyMac Mortgage Investment Trust的营收复合增速更高（12.3% vs 7.8%）
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。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
PMT vs RGS — 直观对比
营收规模更大
PMT
是对方的1.6倍
$57.1M
营收增速更快
RGS
高出35.6%
-13.3%
净利率更高
PMT
高出55.2%
0.8%
两年增速更快
PMT
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $93.6M | $57.1M |
| 净利润 | $52.4M | $456.0K |
| 毛利率 | — | — |
| 营业利润率 | 38.6% | 10.8% |
| 净利率 | 56.0% | 0.8% |
| 营收同比 | -13.3% | 22.3% |
| 净利润同比 | 12.5% | -94.0% |
| 每股收益（稀释后） | $0.49 | $0.16 |
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PMTRGS
| Q4 25 | $93.6M | $57.1M | ||
| Q3 25 | $99.2M | $59.0M | ||
| Q2 25 | $70.2M | $60.4M | ||
| Q1 25 | $44.5M | $57.0M | ||
| Q4 24 | $107.9M | $46.7M | ||
| Q3 24 | $80.9M | $46.1M | ||
| Q2 24 | $71.2M | $49.4M | ||
| Q1 24 | $74.2M | $49.2M |
净利润PMTRGS
| Q4 25 | $52.4M | $456.0K | ||
| Q3 25 | $58.3M | $1.4M | ||
| Q2 25 | $7.5M | $116.5M | ||
| Q1 25 | $9.7M | $250.0K | ||
| Q4 24 | $46.5M | $7.6M | ||
| Q3 24 | $41.4M | $-853.0K | ||
| Q2 24 | $25.4M | $91.2M | ||
| Q1 24 | $47.6M | $-2.3M |
营业利润率PMTRGS
| Q4 25 | 38.6% | 10.8% | ||
| Q3 25 | 47.4% | 10.0% | ||
| Q2 25 | 24.2% | 12.1% | ||
| Q1 25 | -14.2% | 8.8% | ||
| Q4 24 | 51.1% | 11.8% | ||
| Q3 24 | 32.8% | 4.6% | ||
| Q2 24 | 40.2% | — | ||
| Q1 24 | 43.6% | 8.3% |
净利率PMTRGS
| Q4 25 | 56.0% | 0.8% | ||
| Q3 25 | 58.7% | 2.3% | ||
| Q2 25 | 10.7% | 192.9% | ||
| Q1 25 | 21.8% | 0.4% | ||
| Q4 24 | 43.1% | 16.4% | ||
| Q3 24 | 51.2% | -1.9% | ||
| Q2 24 | 35.7% | 184.7% | ||
| Q1 24 | 64.2% | -4.7% |
每股收益（稀释后）PMTRGS
| Q4 25 | $0.49 | $0.16 | ||
| Q3 25 | $0.55 | $0.49 | ||
| Q2 25 | $-0.04 | $43.67 | ||
| Q1 25 | $-0.01 | $0.08 | ||
| Q4 24 | $0.45 | $2.71 | ||
| Q3 24 | $0.36 | $-0.36 | ||
| Q2 24 | $0.17 | $38.40 | ||
| Q1 24 | $0.39 | $-1.00 |
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 | $18.4M |
| 总债务越低越好 | $1.1B | $113.3M |
| 股东权益账面价值 | $1.9B | $188.7M |
| 总资产 | $21.3B | $588.3M |
| 负债/权益比越低杠杆越低 | 0.58× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资PMTRGS
| Q4 25 | $190.5M | $18.4M | ||
| Q3 25 | $181.0M | $16.6M | ||
| Q2 25 | $108.6M | $17.0M | ||
| Q1 25 | $204.2M | $13.3M | ||
| Q4 24 | $103.2M | $10.2M | ||
| Q3 24 | $102.8M | $6.3M | ||
| Q2 24 | $336.3M | $10.1M | ||
| Q1 24 | $343.3M | $5.9M |
总债务PMTRGS
| Q4 25 | $1.1B | $113.3M | ||
| Q3 25 | $299.0M | $111.3M | ||
| Q2 25 | $1.2B | $110.8M | ||
| Q1 25 | $968.4M | $112.0M | ||
| Q4 24 | $1.0B | $111.5M | ||
| Q3 24 | $5.2B | $95.2M | ||
| Q2 24 | $5.4B | $99.5M | ||
| Q1 24 | $5.1B | $179.7M |
股东权益PMTRGS
| Q4 25 | $1.9B | $188.7M | ||
| Q3 25 | $1.9B | $187.6M | ||
| Q2 25 | $1.9B | $185.6M | ||
| Q1 25 | $1.9B | $68.6M | ||
| Q4 24 | $1.9B | $66.7M | ||
| Q3 24 | $1.9B | $56.4M | ||
| Q2 24 | $1.9B | $56.8M | ||
| Q1 24 | $2.0B | $-35.8M |
总资产PMTRGS
| Q4 25 | $21.3B | $588.3M | ||
| Q3 25 | $18.5B | $592.1M | ||
| Q2 25 | $16.8B | $599.0M | ||
| Q1 25 | $14.9B | $511.2M | ||
| Q4 24 | $14.4B | $530.1M | ||
| Q3 24 | $13.1B | $508.9M | ||
| Q2 24 | $12.1B | $530.5M | ||
| Q1 24 | $12.3B | $543.7M |
负债/权益比PMTRGS
| Q4 25 | 0.58× | 0.60× | ||
| Q3 25 | 0.16× | 0.59× | ||
| Q2 25 | 0.65× | 0.60× | ||
| Q1 25 | 0.51× | 1.63× | ||
| Q4 24 | 0.52× | 1.67× | ||
| Q3 24 | 2.70× | 1.69× | ||
| Q2 24 | 2.76× | 1.75× | ||
| 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 | $1.7M |
| 自由现金流经营现金流 - 资本支出 | — | $891.0K |
| 自由现金流率自由现金流/营收 | — | 1.6% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 现金转化率经营现金流/净利润 | -137.76× | 3.65× |
| 过去12个月自由现金流最近4个季度 | — | $14.9M |
8季度趋势，按日历期对齐
经营现金流PMTRGS
| Q4 25 | $-7.2B | $1.7M | ||
| Q3 25 | $-1.3B | $2.3M | ||
| Q2 25 | $-2.0B | $6.8M | ||
| Q1 25 | $-594.3M | $6.2M | ||
| Q4 24 | $-2.7B | $2.1M | ||
| Q3 24 | $-983.8M | $-1.3M | ||
| Q2 24 | $243.8M | $5.1M | ||
| Q1 24 | $-342.4M | $-277.0K |
自由现金流PMTRGS
| Q4 25 | — | $891.0K | ||
| Q3 25 | — | $1.9M | ||
| Q2 25 | — | $6.2M | ||
| Q1 25 | — | $5.9M | ||
| Q4 24 | — | $1.7M | ||
| Q3 24 | — | $-1.4M | ||
| Q2 24 | — | $5.1M | ||
| Q1 24 | — | $-326.0K |
自由现金流率PMTRGS
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | -3.0% | ||
| Q2 24 | — | 10.3% | ||
| Q1 24 | — | -0.7% |
资本支出强度PMTRGS
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.1% |
现金转化率PMTRGS
| Q4 25 | -137.76× | 3.65× | ||
| Q3 25 | -22.26× | 1.68× | ||
| Q2 25 | -267.53× | 0.06× | ||
| Q1 25 | -61.39× | 24.80× | ||
| Q4 24 | -58.08× | 0.28× | ||
| Q3 24 | -23.76× | — | ||
| Q2 24 | 9.59× | 0.06× | ||
| 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% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
