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普尔斯马特（PSMT）与Vici Properties（VICI）财务数据对比。点击上方公司名可切换其他公司
普尔斯马特的季度营收约是Vici Properties的1.4倍（$1.4B vs $1.0B），Vici Properties净利率更高（59.7% vs 2.9%，领先56.8%），普尔斯马特同比增速更快（9.9% vs 3.8%），过去两年普尔斯马特的营收复合增速更高（3.5% vs 3.2%）
PriceSmart（普尔斯马特）是一家美资会员制仓储商超运营商，业务覆盖中美洲、加勒比地区及南美洲。公司由Price Club的创立者索尔·普莱斯与罗伯特·普莱斯共同创办，罗伯特·普莱斯现任董事会主席。
Vici Properties是总部位于美国纽约的房地产投资信托（REIT），专注于博彩及娱乐类物业。公司成立于2017年，由凯撒娱乐集团破产重组时分拆而来，目前在美加两国持有54家赌场、酒店、赛马场，4座高尔夫球场及38个保龄球馆。
PSMT vs VICI — 直观对比
营收规模更大
PSMT
是对方的1.4倍
$1.0B
营收增速更快
PSMT
高出6.1%
3.8%
净利率更高
VICI
高出56.8%
2.9%
两年增速更快
PSMT
近两年复合增速
3.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.0B |
| 净利润 | $40.2M | $604.8M |
| 毛利率 | 17.7% | 99.3% |
| 营业利润率 | 4.6% | 60.2% |
| 净利率 | 2.9% | 59.7% |
| 营收同比 | 9.9% | 3.8% |
| 净利润同比 | 7.3% | -1.6% |
| 每股收益（稀释后） | $1.29 | $0.57 |
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PSMTVICI
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.4B | $984.2M | ||
| Q4 24 | $1.3B | $976.1M | ||
| Q3 24 | $1.2B | $964.7M | ||
| Q2 24 | $1.2B | $957.0M | ||
| Q1 24 | $1.3B | $951.5M |
净利润PSMTVICI
| Q4 25 | $40.2M | $604.8M | ||
| Q3 25 | $31.5M | $762.0M | ||
| Q2 25 | $35.2M | $865.1M | ||
| Q1 25 | $43.8M | $543.6M | ||
| Q4 24 | $37.4M | $614.6M | ||
| Q3 24 | $29.1M | $732.9M | ||
| Q2 24 | $32.5M | $741.3M | ||
| Q1 24 | $39.3M | $590.0M |
毛利率PSMTVICI
| Q4 25 | 17.7% | 99.3% | ||
| Q3 25 | — | 99.3% | ||
| Q2 25 | — | 99.3% | ||
| Q1 25 | 17.1% | 99.4% | ||
| Q4 24 | 17.4% | 99.3% | ||
| Q3 24 | — | 99.3% | ||
| Q2 24 | — | 99.3% | ||
| Q1 24 | — | 99.3% |
营业利润率PSMTVICI
| Q4 25 | 4.6% | 60.2% | ||
| Q3 25 | 4.0% | 77.2% | ||
| Q2 25 | 4.3% | 88.3% | ||
| Q1 25 | 4.8% | 55.9% | ||
| Q4 24 | 4.6% | 64.2% | ||
| Q3 24 | 4.0% | 77.4% | ||
| Q2 24 | 4.1% | 79.0% | ||
| Q1 24 | 4.9% | 63.2% |
净利率PSMTVICI
| Q4 25 | 2.9% | 59.7% | ||
| Q3 25 | 2.4% | 75.6% | ||
| Q2 25 | 2.7% | 86.4% | ||
| Q1 25 | 3.2% | 55.2% | ||
| Q4 24 | 3.0% | 63.0% | ||
| Q3 24 | 2.4% | 76.0% | ||
| Q2 24 | 2.6% | 77.5% | ||
| Q1 24 | 3.0% | 62.0% |
每股收益（稀释后）PSMTVICI
| Q4 25 | $1.29 | $0.57 | ||
| Q3 25 | $1.02 | $0.71 | ||
| Q2 25 | $1.14 | $0.82 | ||
| Q1 25 | $1.45 | $0.51 | ||
| Q4 24 | $1.21 | $0.58 | ||
| Q3 24 | $0.94 | $0.70 | ||
| Q2 24 | $1.08 | $0.71 | ||
| Q1 24 | $1.31 | $0.57 |
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 | $320.6M | $608.0M |
| 总债务越低越好 | $180.3M | $16.8B |
| 股东权益账面价值 | $1.3B | $27.8B |
| 总资产 | $2.4B | $46.7B |
| 负债/权益比越低杠杆越低 | 0.14× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资PSMTVICI
| Q4 25 | $320.6M | $608.0M | ||
| Q3 25 | $314.2M | $507.5M | ||
| Q2 25 | $262.4M | $233.0M | ||
| Q1 25 | $247.3M | $334.3M | ||
| Q4 24 | $222.2M | $524.6M | ||
| Q3 24 | $225.5M | $355.7M | ||
| Q2 24 | $228.2M | $347.2M | ||
| Q1 24 | $264.2M | $514.9M |
总债务PSMTVICI
| Q4 25 | $180.3M | $16.8B | ||
| Q3 25 | $186.6M | $16.8B | ||
| Q2 25 | $103.1M | $16.9B | ||
| Q1 25 | $107.1M | $16.8B | ||
| Q4 24 | $115.6M | $16.7B | ||
| Q3 24 | $130.4M | $16.7B | ||
| Q2 24 | $135.1M | $16.7B | ||
| Q1 24 | $140.0M | $16.7B |
股东权益PSMTVICI
| Q4 25 | $1.3B | $27.8B | ||
| Q3 25 | $1.2B | $27.7B | ||
| Q2 25 | $1.2B | $27.0B | ||
| Q1 25 | $1.2B | $26.6B | ||
| Q4 24 | $1.2B | $26.5B | ||
| Q3 24 | $1.1B | $26.1B | ||
| Q2 24 | $1.1B | $25.7B | ||
| Q1 24 | $1.1B | $25.4B |
总资产PSMTVICI
| Q4 25 | $2.4B | $46.7B | ||
| Q3 25 | $2.3B | $46.5B | ||
| Q2 25 | $2.1B | $46.1B | ||
| Q1 25 | $2.1B | $45.5B | ||
| Q4 24 | $2.1B | $45.4B | ||
| Q3 24 | $2.0B | $44.9B | ||
| Q2 24 | $2.0B | $44.5B | ||
| Q1 24 | $2.0B | $44.2B |
负债/权益比PSMTVICI
| Q4 25 | 0.14× | 0.60× | ||
| Q3 25 | 0.15× | 0.61× | ||
| Q2 25 | 0.08× | 0.63× | ||
| Q1 25 | 0.09× | 0.63× | ||
| Q4 24 | 0.10× | 0.63× | ||
| Q3 24 | 0.12× | 0.64× | ||
| Q2 24 | 0.12× | 0.65× | ||
| Q1 24 | 0.13× | 0.66× |
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 | $71.2M | $691.9M |
| 自由现金流经营现金流 - 资本支出 | $32.6M | — |
| 自由现金流率自由现金流/营收 | 2.4% | — |
| 资本支出强度资本支出/营收 | 2.8% | — |
| 现金转化率经营现金流/净利润 | 1.77× | 1.14× |
| 过去12个月自由现金流最近4个季度 | $125.5M | — |
8季度趋势，按日历期对齐
经营现金流PSMTVICI
| Q4 25 | $71.2M | $691.9M | ||
| Q3 25 | $82.1M | $586.3M | ||
| Q2 25 | $52.8M | $639.9M | ||
| Q1 25 | $87.9M | $591.9M | ||
| Q4 24 | $38.5M | $644.1M | ||
| Q3 24 | $41.8M | $579.1M | ||
| Q2 24 | $38.1M | $614.6M | ||
| Q1 24 | $86.6M | $543.7M |
自由现金流PSMTVICI
| Q4 25 | $32.6M | — | ||
| Q3 25 | $25.6M | — | ||
| Q2 25 | $14.0M | — | ||
| Q1 25 | $53.2M | — | ||
| Q4 24 | $10.3M | — | ||
| Q3 24 | $15.2M | — | ||
| Q2 24 | $-308.0K | — | ||
| Q1 24 | $16.4M | — |
自由现金流率PSMTVICI
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | -0.0% | — | ||
| Q1 24 | 1.3% | — |
资本支出强度PSMTVICI
| Q4 25 | 2.8% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 5.4% | — |
现金转化率PSMTVICI
| Q4 25 | 1.77× | 1.14× | ||
| Q3 25 | 2.60× | 0.77× | ||
| Q2 25 | 1.50× | 0.74× | ||
| Q1 25 | 2.01× | 1.09× | ||
| Q4 24 | 1.03× | 1.05× | ||
| Q3 24 | 1.44× | 0.79× | ||
| Q2 24 | 1.17× | 0.83× | ||
| Q1 24 | 2.20× | 0.92× |
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
PSMT
| Fresh Foods | $454.9M | 33% |
| Caribbean Operations Segment | $396.5M | 29% |
| Colombia Operations Segment | $204.1M | 15% |
| Hardlines | $162.6M | 12% |
| Softlines | $99.8M | 7% |
| ship Income Member | $24.5M | 2% |
| Health Services | $14.5M | 1% |
| Other Revenue And Income | $4.2M | 0% |
| United States Operations Segment | $510.0K | 0% |
| Export Sales | $359.0K | 0% |
VICI
| Fixed Rent | $504.3M | 50% |
| Other | $478.4M | 47% |
| Contingent Rent | $30.4M | 3% |
