vs
Regency Centers（REG）与Gentherm Inc（THRM）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Gentherm Inc的1.1倍（$404.2M vs $382.8M），Regency Centers净利率更高（50.1% vs 0.8%，领先49.3%），Regency Centers同比增速更快（8.5% vs 8.5%），过去两年Regency Centers的营收复合增速更高（5.4% vs 3.7%）
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。
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
REG vs THRM — 直观对比
营收规模更大
REG
是对方的1.1倍
$382.8M
营收增速更快
REG
高出0.0%
8.5%
净利率更高
REG
高出49.3%
0.8%
两年增速更快
REG
近两年复合增速
3.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $404.2M | $382.8M |
| 净利润 | $202.5M | $3.0M |
| 毛利率 | — | 23.7% |
| 营业利润率 | 71.0% | 4.6% |
| 净利率 | 50.1% | 0.8% |
| 营收同比 | 8.5% | 8.5% |
| 净利润同比 | 134.1% | -80.5% |
| 每股收益（稀释后） | — | $0.08 |
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REGTHRM
| Q4 25 | $404.2M | $382.8M | ||
| Q3 25 | $387.6M | $386.9M | ||
| Q2 25 | $380.8M | $375.1M | ||
| Q1 25 | $380.9M | $353.9M | ||
| Q4 24 | $372.5M | $352.9M | ||
| Q3 24 | $360.3M | $371.5M | ||
| Q2 24 | $357.3M | $375.7M | ||
| Q1 24 | $363.9M | $356.0M |
净利润REGTHRM
| Q4 25 | $202.5M | $3.0M | ||
| Q3 25 | $109.4M | $14.9M | ||
| Q2 25 | $106.0M | $477.0K | ||
| Q1 25 | $109.6M | $-128.0K | ||
| Q4 24 | $86.5M | $15.3M | ||
| Q3 24 | $101.5M | $16.0M | ||
| Q2 24 | $102.7M | $18.9M | ||
| Q1 24 | $109.8M | $14.8M |
毛利率REGTHRM
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 24.4% | ||
| Q3 24 | — | 25.5% | ||
| Q2 24 | — | 25.7% | ||
| Q1 24 | — | 24.9% |
营业利润率REGTHRM
| Q4 25 | 71.0% | 4.6% | ||
| Q3 25 | 72.7% | 6.2% | ||
| Q2 25 | 73.8% | 6.4% | ||
| Q1 25 | 71.8% | 4.8% | ||
| Q4 24 | 71.1% | 6.7% | ||
| Q3 24 | 72.5% | 8.7% | ||
| Q2 24 | 72.3% | 8.8% | ||
| Q1 24 | 72.3% | 5.1% |
净利率REGTHRM
| Q4 25 | 50.1% | 0.8% | ||
| Q3 25 | 28.2% | 3.9% | ||
| Q2 25 | 27.8% | 0.1% | ||
| Q1 25 | 28.8% | -0.0% | ||
| Q4 24 | 23.2% | 4.3% | ||
| Q3 24 | 28.2% | 4.3% | ||
| Q2 24 | 28.7% | 5.0% | ||
| Q1 24 | 30.2% | 4.2% |
每股收益（稀释后）REGTHRM
| Q4 25 | — | $0.08 | ||
| Q3 25 | — | $0.49 | ||
| Q2 25 | — | $0.02 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | — | $0.48 | ||
| Q3 24 | — | $0.51 | ||
| Q2 24 | — | $0.60 | ||
| Q1 24 | — | $0.47 |
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 | — | $160.8M |
| 总债务越低越好 | $4.7B | $189.0M |
| 股东权益账面价值 | $6.9B | $720.3M |
| 总资产 | $13.0B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.69× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资REGTHRM
| Q4 25 | — | $160.8M | ||
| Q3 25 | — | $154.3M | ||
| Q2 25 | — | $128.3M | ||
| Q1 25 | — | $163.1M | ||
| Q4 24 | — | $134.1M | ||
| Q3 24 | — | $150.6M | ||
| Q2 24 | — | $123.5M | ||
| Q1 24 | — | $125.1M |
总债务REGTHRM
| Q4 25 | $4.7B | $189.0M | ||
| Q3 25 | $4.9B | $189.0M | ||
| Q2 25 | $4.8B | $209.0M | ||
| Q1 25 | $4.6B | $262.0M | ||
| Q4 24 | $4.4B | $220.1M | ||
| Q3 24 | $4.4B | $222.1M | ||
| Q2 24 | $4.4B | $222.1M | ||
| Q1 24 | $4.4B | $222.2M |
股东权益REGTHRM
| Q4 25 | $6.9B | $720.3M | ||
| Q3 25 | $6.8B | $717.9M | ||
| Q2 25 | $6.7B | $699.7M | ||
| Q1 25 | $6.7B | $646.5M | ||
| Q4 24 | $6.7B | $616.9M | ||
| Q3 24 | $6.8B | $660.7M | ||
| Q2 24 | $6.8B | $640.3M | ||
| Q1 24 | $7.0B | $647.1M |
总资产REGTHRM
| Q4 25 | $13.0B | $1.4B | ||
| Q3 25 | $13.1B | $1.4B | ||
| Q2 25 | $12.7B | $1.4B | ||
| Q1 25 | $12.6B | $1.3B | ||
| Q4 24 | $12.4B | $1.2B | ||
| Q3 24 | $12.4B | $1.3B | ||
| Q2 24 | $12.4B | $1.2B | ||
| Q1 24 | $12.7B | $1.3B |
负债/权益比REGTHRM
| Q4 25 | 0.69× | 0.26× | ||
| Q3 25 | 0.72× | 0.26× | ||
| Q2 25 | 0.72× | 0.30× | ||
| Q1 25 | 0.69× | 0.41× | ||
| Q4 24 | 0.66× | 0.36× | ||
| Q3 24 | 0.65× | 0.34× | ||
| Q2 24 | 0.64× | 0.35× | ||
| Q1 24 | 0.63× | 0.34× |
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 | $29.0M |
| 自由现金流经营现金流 - 资本支出 | — | $6.7M |
| 自由现金流率自由现金流/营收 | — | 1.7% |
| 资本支出强度资本支出/营收 | — | 5.8% |
| 现金转化率经营现金流/净利润 | 1.01× | 9.70× |
| 过去12个月自由现金流最近4个季度 | — | $61.1M |
8季度趋势，按日历期对齐
经营现金流REGTHRM
| Q4 25 | $203.9M | $29.0M | ||
| Q3 25 | $218.7M | $56.1M | ||
| Q2 25 | $244.0M | $45.0M | ||
| Q1 25 | $161.0M | $-13.3M | ||
| Q4 24 | $191.4M | $36.6M | ||
| Q3 24 | $227.6M | $46.3M | ||
| Q2 24 | $203.5M | $37.1M | ||
| Q1 24 | $167.8M | $-10.3M |
自由现金流REGTHRM
| Q4 25 | — | $6.7M | ||
| Q3 25 | — | $46.5M | ||
| Q2 25 | — | $36.2M | ||
| Q1 25 | — | $-28.2M | ||
| Q4 24 | — | $13.6M | ||
| Q3 24 | — | $26.6M | ||
| Q2 24 | — | $17.8M | ||
| Q1 24 | — | $-21.6M |
自由现金流率REGTHRM
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 9.6% | ||
| Q1 25 | — | -8.0% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | — | -6.1% |
资本支出强度REGTHRM
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | 3.2% |
现金转化率REGTHRM
| Q4 25 | 1.01× | 9.70× | ||
| Q3 25 | 2.00× | 3.75× | ||
| Q2 25 | 2.30× | 94.43× | ||
| Q1 25 | 1.47× | — | ||
| Q4 24 | 2.21× | 2.39× | ||
| Q3 24 | 2.24× | 2.90× | ||
| Q2 24 | 1.98× | 1.97× | ||
| Q1 24 | 1.53× | -0.70× |
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% |
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
