vs
Regency Centers（REG）与猫途鹰（TRIP）财务数据对比。点击上方公司名可切换其他公司
猫途鹰的季度营收约是Regency Centers的1.0倍（$411.0M vs $404.2M），Regency Centers净利率更高（50.1% vs -9.2%，领先59.3%），Regency Centers同比增速更快（8.5% vs 0.0%），过去两年Regency Centers的营收复合增速更高（5.4% vs 2.0%）
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。
TripAdvisor是美国知名在线旅游服务企业，旗下运营在线旅行社平台、旅游产品比价网站及移动应用，平台拥有大量用户生成的真实旅行内容，为全球消费者提供出行规划、预订等多元服务。
REG vs TRIP — 直观对比
营收规模更大
TRIP
是对方的1.0倍
$404.2M
营收增速更快
REG
高出8.5%
0.0%
净利率更高
REG
高出59.3%
-9.2%
两年增速更快
REG
近两年复合增速
2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $404.2M | $411.0M |
| 净利润 | $202.5M | $-38.0M |
| 毛利率 | — | 91.5% |
| 营业利润率 | 71.0% | -8.3% |
| 净利率 | 50.1% | -9.2% |
| 营收同比 | 8.5% | 0.0% |
| 净利润同比 | 134.1% | -3900.0% |
| 每股收益（稀释后） | — | $-0.32 |
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REGTRIP
| Q4 25 | $404.2M | $411.0M | ||
| Q3 25 | $387.6M | $553.0M | ||
| Q2 25 | $380.8M | $529.0M | ||
| Q1 25 | $380.9M | $398.0M | ||
| Q4 24 | $372.5M | $411.0M | ||
| Q3 24 | $360.3M | $532.0M | ||
| Q2 24 | $357.3M | $497.0M | ||
| Q1 24 | $363.9M | $395.0M |
净利润REGTRIP
| Q4 25 | $202.5M | $-38.0M | ||
| Q3 25 | $109.4M | $53.0M | ||
| Q2 25 | $106.0M | $36.0M | ||
| Q1 25 | $109.6M | $-11.0M | ||
| Q4 24 | $86.5M | $1.0M | ||
| Q3 24 | $101.5M | $39.0M | ||
| Q2 24 | $102.7M | $24.0M | ||
| Q1 24 | $109.8M | $-59.0M |
毛利率REGTRIP
| Q4 25 | — | 91.5% | ||
| Q3 25 | — | 92.6% | ||
| Q2 25 | — | 92.1% | ||
| Q1 25 | — | 93.2% | ||
| Q4 24 | — | 93.4% | ||
| Q3 24 | — | 92.5% | ||
| Q2 24 | — | 92.8% | ||
| Q1 24 | — | 93.7% |
营业利润率REGTRIP
| Q4 25 | 71.0% | -8.3% | ||
| Q3 25 | 72.7% | 12.7% | ||
| Q2 25 | 73.8% | 11.2% | ||
| Q1 25 | 71.8% | -3.8% | ||
| Q4 24 | 71.1% | 0.2% | ||
| Q3 24 | 72.5% | 13.2% | ||
| Q2 24 | 72.3% | 7.2% | ||
| Q1 24 | 72.3% | -3.8% |
净利率REGTRIP
| Q4 25 | 50.1% | -9.2% | ||
| Q3 25 | 28.2% | 9.6% | ||
| Q2 25 | 27.8% | 6.8% | ||
| Q1 25 | 28.8% | -2.8% | ||
| Q4 24 | 23.2% | 0.2% | ||
| Q3 24 | 28.2% | 7.3% | ||
| Q2 24 | 28.7% | 4.8% | ||
| Q1 24 | 30.2% | -14.9% |
每股收益（稀释后）REGTRIP
| Q4 25 | — | $-0.32 | ||
| Q3 25 | — | $0.43 | ||
| Q2 25 | — | $0.28 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | — | $0.03 | ||
| Q3 24 | — | $0.27 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $-0.43 |
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 | — | $1.0B |
| 总债务越低越好 | $4.7B | $819.0M |
| 股东权益账面价值 | $6.9B | $645.0M |
| 总资产 | $13.0B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.69× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资REGTRIP
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
总债务REGTRIP
| Q4 25 | $4.7B | $819.0M | ||
| Q3 25 | $4.9B | $821.0M | ||
| Q2 25 | $4.8B | $822.0M | ||
| Q1 25 | $4.6B | $1.2B | ||
| Q4 24 | $4.4B | $831.0M | ||
| Q3 24 | $4.4B | $832.0M | ||
| Q2 24 | $4.4B | — | ||
| Q1 24 | $4.4B | — |
股东权益REGTRIP
| Q4 25 | $6.9B | $645.0M | ||
| Q3 25 | $6.8B | $707.0M | ||
| Q2 25 | $6.7B | $627.0M | ||
| Q1 25 | $6.7B | $643.0M | ||
| Q4 24 | $6.7B | $943.0M | ||
| Q3 24 | $6.8B | $944.0M | ||
| Q2 24 | $6.8B | $857.0M | ||
| Q1 24 | $7.0B | $825.0M |
总资产REGTRIP
| Q4 25 | $13.0B | $2.6B | ||
| Q3 25 | $13.1B | $2.8B | ||
| Q2 25 | $12.7B | $2.9B | ||
| Q1 25 | $12.6B | $2.8B | ||
| Q4 24 | $12.4B | $2.6B | ||
| Q3 24 | $12.4B | $2.7B | ||
| Q2 24 | $12.4B | $2.8B | ||
| Q1 24 | $12.7B | $2.7B |
负债/权益比REGTRIP
| Q4 25 | 0.69× | 1.27× | ||
| Q3 25 | 0.72× | 1.16× | ||
| Q2 25 | 0.72× | 1.31× | ||
| Q1 25 | 0.69× | 1.81× | ||
| Q4 24 | 0.66× | 0.88× | ||
| Q3 24 | 0.65× | 0.88× | ||
| Q2 24 | 0.64× | — | ||
| Q1 24 | 0.63× | — |
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 | $-103.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-122.0M |
| 自由现金流率自由现金流/营收 | — | -29.7% |
| 资本支出强度资本支出/营收 | — | 4.6% |
| 现金转化率经营现金流/净利润 | 1.01× | — |
| 过去12个月自由现金流最近4个季度 | — | $163.0M |
8季度趋势，按日历期对齐
经营现金流REGTRIP
| Q4 25 | $203.9M | $-103.0M | ||
| Q3 25 | $218.7M | $44.0M | ||
| Q2 25 | $244.0M | $202.0M | ||
| Q1 25 | $161.0M | $102.0M | ||
| Q4 24 | $191.4M | $-3.0M | ||
| Q3 24 | $227.6M | $-43.0M | ||
| Q2 24 | $203.5M | $51.0M | ||
| Q1 24 | $167.8M | $139.0M |
自由现金流REGTRIP
| Q4 25 | — | $-122.0M | ||
| Q3 25 | — | $25.0M | ||
| Q2 25 | — | $177.0M | ||
| Q1 25 | — | $83.0M | ||
| Q4 24 | — | $-26.0M | ||
| Q3 24 | — | $-63.0M | ||
| Q2 24 | — | $36.0M | ||
| Q1 24 | — | $123.0M |
自由现金流率REGTRIP
| Q4 25 | — | -29.7% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 33.5% | ||
| Q1 25 | — | 20.9% | ||
| Q4 24 | — | -6.3% | ||
| Q3 24 | — | -11.8% | ||
| Q2 24 | — | 7.2% | ||
| Q1 24 | — | 31.1% |
资本支出强度REGTRIP
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 4.1% |
现金转化率REGTRIP
| Q4 25 | 1.01× | — | ||
| Q3 25 | 2.00× | 0.83× | ||
| Q2 25 | 2.30× | 5.61× | ||
| Q1 25 | 1.47× | — | ||
| Q4 24 | 2.21× | -3.00× | ||
| Q3 24 | 2.24× | -1.10× | ||
| Q2 24 | 1.98× | 2.13× | ||
| Q1 24 | 1.53× | — |
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% |
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
