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Regency Centers（REG）与Tecnoglass Inc.（TGLS）财务数据对比。点击上方公司名可切换其他公司
Regency Centers的季度营收约是Tecnoglass Inc.的1.6倍（$404.2M vs $245.3M），Regency Centers净利率更高（50.1% vs 10.6%，领先39.5%），Regency Centers同比增速更快（8.5% vs 2.4%），过去两年Tecnoglass Inc.的营收复合增速更高（12.8% vs 5.4%）
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。
Tecnoglass Inc.是一家领先的建筑玻璃、铝制门窗及相关建材生产商，主要服务北美及拉美地区的住宅和商业建筑领域，为新建及翻新项目提供定制化、高能效的建筑解决方案。
REG vs TGLS — 直观对比
营收规模更大
REG
是对方的1.6倍
$245.3M
营收增速更快
REG
高出6.1%
2.4%
净利率更高
REG
高出39.5%
10.6%
两年增速更快
TGLS
近两年复合增速
5.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $404.2M | $245.3M |
| 净利润 | $202.5M | $26.1M |
| 毛利率 | — | 40.0% |
| 营业利润率 | 71.0% | 18.3% |
| 净利率 | 50.1% | 10.6% |
| 营收同比 | 8.5% | 2.4% |
| 净利润同比 | 134.1% | -44.5% |
| 每股收益（稀释后） | — | $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REGTGLS
| Q4 25 | $404.2M | $245.3M | ||
| Q3 25 | $387.6M | $260.5M | ||
| Q2 25 | $380.8M | $255.5M | ||
| Q1 25 | $380.9M | $222.3M | ||
| Q4 24 | $372.5M | $239.6M | ||
| Q3 24 | $360.3M | $238.3M | ||
| Q2 24 | $357.3M | $219.7M | ||
| Q1 24 | $363.9M | $192.6M |
净利润REGTGLS
| Q4 25 | $202.5M | $26.1M | ||
| Q3 25 | $109.4M | $47.2M | ||
| Q2 25 | $106.0M | $44.1M | ||
| Q1 25 | $109.6M | $42.2M | ||
| Q4 24 | $86.5M | $47.0M | ||
| Q3 24 | $101.5M | $49.5M | ||
| Q2 24 | $102.7M | $35.0M | ||
| Q1 24 | $109.8M | $29.7M |
毛利率REGTGLS
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.8% |
营业利润率REGTGLS
| Q4 25 | 71.0% | 18.3% | ||
| Q3 25 | 72.7% | 25.1% | ||
| Q2 25 | 73.8% | 24.0% | ||
| Q1 25 | 71.8% | 26.7% | ||
| Q4 24 | 71.1% | 28.0% | ||
| Q3 24 | 72.5% | 28.4% | ||
| Q2 24 | 72.3% | 23.3% | ||
| Q1 24 | 72.3% | 21.3% |
净利率REGTGLS
| Q4 25 | 50.1% | 10.6% | ||
| Q3 25 | 28.2% | 18.1% | ||
| Q2 25 | 27.8% | 17.3% | ||
| Q1 25 | 28.8% | 19.0% | ||
| Q4 24 | 23.2% | 19.6% | ||
| Q3 24 | 28.2% | 20.8% | ||
| Q2 24 | 28.7% | 15.9% | ||
| Q1 24 | 30.2% | 15.4% |
每股收益（稀释后）REGTGLS
| Q4 25 | — | $0.57 | ||
| Q3 25 | — | $1.01 | ||
| Q2 25 | — | $0.94 | ||
| Q1 25 | — | $0.90 | ||
| Q4 24 | — | $1.00 | ||
| Q3 24 | — | $1.05 | ||
| Q2 24 | — | $0.75 | ||
| Q1 24 | — | $0.63 |
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 | — | $104.1M |
| 总债务越低越好 | $4.7B | $174.4M |
| 股东权益账面价值 | $6.9B | $713.1M |
| 总资产 | $13.0B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.69× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资REGTGLS
| Q4 25 | — | $104.1M | ||
| Q3 25 | — | $127.1M | ||
| Q2 25 | — | $140.9M | ||
| Q1 25 | — | $160.2M | ||
| Q4 24 | — | $137.5M | ||
| Q3 24 | — | $124.8M | ||
| Q2 24 | — | $129.5M | ||
| Q1 24 | — | $138.8M |
总债务REGTGLS
| Q4 25 | $4.7B | $174.4M | ||
| Q3 25 | $4.9B | $114.7M | ||
| Q2 25 | $4.8B | $110.6M | ||
| Q1 25 | $4.6B | $110.6M | ||
| Q4 24 | $4.4B | $111.1M | ||
| Q3 24 | $4.4B | $126.8M | ||
| Q2 24 | $4.4B | $144.7M | ||
| Q1 24 | $4.4B | $160.9M |
股东权益REGTGLS
| Q4 25 | $6.9B | $713.1M | ||
| Q3 25 | $6.8B | $764.0M | ||
| Q2 25 | $6.7B | $736.0M | ||
| Q1 25 | $6.7B | $685.1M | ||
| Q4 24 | $6.7B | $631.2M | ||
| Q3 24 | $6.8B | $613.3M | ||
| Q2 24 | $6.8B | $574.8M | ||
| Q1 24 | $7.0B | $573.6M |
总资产REGTGLS
| Q4 25 | $13.0B | $1.3B | ||
| Q3 25 | $13.1B | $1.2B | ||
| Q2 25 | $12.7B | $1.2B | ||
| Q1 25 | $12.6B | $1.1B | ||
| Q4 24 | $12.4B | $1.0B | ||
| Q3 24 | $12.4B | $996.3M | ||
| Q2 24 | $12.4B | $942.5M | ||
| Q1 24 | $12.7B | $981.6M |
负债/权益比REGTGLS
| Q4 25 | 0.69× | 0.24× | ||
| Q3 25 | 0.72× | 0.15× | ||
| Q2 25 | 0.72× | 0.15× | ||
| Q1 25 | 0.69× | 0.16× | ||
| Q4 24 | 0.66× | 0.18× | ||
| Q3 24 | 0.65× | 0.21× | ||
| Q2 24 | 0.64× | 0.25× | ||
| Q1 24 | 0.63× | 0.28× |
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 | $31.0M |
| 自由现金流经营现金流 - 资本支出 | — | $11.4M |
| 自由现金流率自由现金流/营收 | — | 4.7% |
| 资本支出强度资本支出/营收 | — | 8.0% |
| 现金转化率经营现金流/净利润 | 1.01× | 1.19× |
| 过去12个月自由现金流最近4个季度 | — | $34.5M |
8季度趋势，按日历期对齐
经营现金流REGTGLS
| Q4 25 | $203.9M | $31.0M | ||
| Q3 25 | $218.7M | $40.0M | ||
| Q2 25 | $244.0M | $17.9M | ||
| Q1 25 | $161.0M | $46.9M | ||
| Q4 24 | $191.4M | $61.1M | ||
| Q3 24 | $227.6M | $41.5M | ||
| Q2 24 | $203.5M | $34.5M | ||
| Q1 24 | $167.8M | $33.4M |
自由现金流REGTGLS
| Q4 25 | — | $11.4M | ||
| Q3 25 | — | $21.2M | ||
| Q2 25 | — | $-14.7M | ||
| Q1 25 | — | $16.5M | ||
| Q4 24 | — | $35.4M | ||
| Q3 24 | — | $17.8M | ||
| Q2 24 | — | $14.2M | ||
| Q1 24 | — | $23.6M |
自由现金流率REGTGLS
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | -5.7% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | 12.2% |
资本支出强度REGTGLS
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 12.7% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 9.2% | ||
| Q1 24 | — | 5.1% |
现金转化率REGTGLS
| Q4 25 | 1.01× | 1.19× | ||
| Q3 25 | 2.00× | 0.85× | ||
| Q2 25 | 2.30× | 0.41× | ||
| Q1 25 | 1.47× | 1.11× | ||
| Q4 24 | 2.21× | 1.30× | ||
| Q3 24 | 2.24× | 0.84× | ||
| Q2 24 | 1.98× | 0.98× | ||
| Q1 24 | 1.53× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
