vs
Regency Centers（REG）与Royalty Pharma plc（RPRX）财务数据对比。点击上方公司名可切换其他公司
Royalty Pharma plc的季度营收约是Regency Centers的1.5倍（$622.0M vs $404.2M），Regency Centers净利率更高（50.1% vs 34.4%，领先15.7%），Regency Centers同比增速更快（8.5% vs 4.8%），过去两年Regency Centers的营收复合增速更高（5.4% vs 4.6%）
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
REG vs RPRX — 直观对比
营收规模更大
RPRX
是对方的1.5倍
$404.2M
营收增速更快
REG
高出3.7%
4.8%
净利率更高
REG
高出15.7%
34.4%
两年增速更快
REG
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $404.2M | $622.0M |
| 净利润 | $202.5M | $214.2M |
| 毛利率 | — | — |
| 营业利润率 | 71.0% | 62.4% |
| 净利率 | 50.1% | 34.4% |
| 营收同比 | 8.5% | 4.8% |
| 净利润同比 | 134.1% | 2.9% |
| 每股收益（稀释后） | — | $0.49 |
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REGRPRX
| Q4 25 | $404.2M | $622.0M | ||
| Q3 25 | $387.6M | $609.3M | ||
| Q2 25 | $380.8M | $578.7M | ||
| Q1 25 | $380.9M | $568.2M | ||
| Q4 24 | $372.5M | $593.6M | ||
| Q3 24 | $360.3M | $564.7M | ||
| Q2 24 | $357.3M | $537.3M | ||
| Q1 24 | $363.9M | $568.0M |
净利润REGRPRX
| Q4 25 | $202.5M | $214.2M | ||
| Q3 25 | $109.4M | $288.2M | ||
| Q2 25 | $106.0M | $30.2M | ||
| Q1 25 | $109.6M | $238.3M | ||
| Q4 24 | $86.5M | $208.2M | ||
| Q3 24 | $101.5M | $544.0M | ||
| Q2 24 | $102.7M | $102.0M | ||
| Q1 24 | $109.8M | $4.8M |
营业利润率REGRPRX
| Q4 25 | 71.0% | 62.4% | ||
| Q3 25 | 72.7% | 70.1% | ||
| Q2 25 | 73.8% | 36.3% | ||
| Q1 25 | 71.8% | 94.0% | ||
| Q4 24 | 71.1% | 60.9% | ||
| Q3 24 | 72.5% | — | ||
| Q2 24 | 72.3% | 50.2% | ||
| Q1 24 | 72.3% | -13.0% |
净利率REGRPRX
| Q4 25 | 50.1% | 34.4% | ||
| Q3 25 | 28.2% | 47.3% | ||
| Q2 25 | 27.8% | 5.2% | ||
| Q1 25 | 28.8% | 41.9% | ||
| Q4 24 | 23.2% | 35.1% | ||
| Q3 24 | 28.2% | 96.3% | ||
| Q2 24 | 28.7% | 19.0% | ||
| Q1 24 | 30.2% | 0.8% |
每股收益（稀释后）REGRPRX
| Q4 25 | — | $0.49 | ||
| Q3 25 | — | $0.67 | ||
| Q2 25 | — | $0.07 | ||
| Q1 25 | — | $0.55 | ||
| Q4 24 | — | $0.46 | ||
| Q3 24 | — | $1.21 | ||
| Q2 24 | — | $0.23 | ||
| Q1 24 | — | $0.01 |
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 | — | $618.7M |
| 总债务越低越好 | $4.7B | $9.0B |
| 股东权益账面价值 | $6.9B | $9.7B |
| 总资产 | $13.0B | $19.6B |
| 负债/权益比越低杠杆越低 | 0.69× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资REGRPRX
| Q4 25 | — | $618.7M | ||
| Q3 25 | — | $938.9M | ||
| Q2 25 | — | $631.9M | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $929.0M | ||
| Q3 24 | — | $950.1M | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $843.0M |
总债务REGRPRX
| Q4 25 | $4.7B | $9.0B | ||
| Q3 25 | $4.9B | $8.9B | ||
| Q2 25 | $4.8B | $8.0B | ||
| Q1 25 | $4.6B | $7.6B | ||
| Q4 24 | $4.4B | $7.6B | ||
| Q3 24 | $4.4B | $7.6B | ||
| Q2 24 | $4.4B | $7.6B | ||
| Q1 24 | $4.4B | $6.1B |
股东权益REGRPRX
| Q4 25 | $6.9B | $9.7B | ||
| Q3 25 | $6.8B | $9.6B | ||
| Q2 25 | $6.7B | $9.5B | ||
| Q1 25 | $6.7B | $9.8B | ||
| Q4 24 | $6.7B | $10.3B | ||
| Q3 24 | $6.8B | $10.3B | ||
| Q2 24 | $6.8B | $9.8B | ||
| Q1 24 | $7.0B | $9.9B |
总资产REGRPRX
| Q4 25 | $13.0B | $19.6B | ||
| Q3 25 | $13.1B | $19.3B | ||
| Q2 25 | $12.7B | $18.3B | ||
| Q1 25 | $12.6B | $17.6B | ||
| Q4 24 | $12.4B | $18.2B | ||
| Q3 24 | $12.4B | $18.0B | ||
| Q2 24 | $12.4B | $17.7B | ||
| Q1 24 | $12.7B | $16.1B |
负债/权益比REGRPRX
| Q4 25 | 0.69× | 0.92× | ||
| Q3 25 | 0.72× | 0.93× | ||
| Q2 25 | 0.72× | 0.84× | ||
| Q1 25 | 0.69× | 0.78× | ||
| Q4 24 | 0.66× | 0.74× | ||
| Q3 24 | 0.65× | 0.74× | ||
| Q2 24 | 0.64× | 0.78× | ||
| Q1 24 | 0.63× | 0.62× |
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 | $203.9M | $827.1M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.01× | 3.86× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流REGRPRX
| Q4 25 | $203.9M | $827.1M | ||
| Q3 25 | $218.7M | $702.6M | ||
| Q2 25 | $244.0M | $364.0M | ||
| Q1 25 | $161.0M | $596.1M | ||
| Q4 24 | $191.4M | $742.5M | ||
| Q3 24 | $227.6M | $703.6M | ||
| Q2 24 | $203.5M | $658.2M | ||
| Q1 24 | $167.8M | $664.6M |
现金转化率REGRPRX
| Q4 25 | 1.01× | 3.86× | ||
| Q3 25 | 2.00× | 2.44× | ||
| Q2 25 | 2.30× | 12.06× | ||
| Q1 25 | 1.47× | 2.50× | ||
| Q4 24 | 2.21× | 3.57× | ||
| Q3 24 | 2.24× | 1.29× | ||
| Q2 24 | 1.98× | 6.45× | ||
| Q1 24 | 1.53× | 139.10× |
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
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
