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Regency Centers（REG）与Upstart Holdings, Inc.（UPST）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Upstart Holdings, Inc.的1.3倍（$404.2M vs $308.2M），Regency Centers净利率更高（50.1% vs -2.2%，领先52.3%），Upstart Holdings, Inc.同比增速更快（44.4% vs 8.5%），过去两年Upstart Holdings, Inc.的营收复合增速更高（55.4% 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。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
REG vs UPST — 直观对比
营收规模更大
REG
是对方的1.3倍
$308.2M
营收增速更快
UPST
高出36.0%
8.5%
净利率更高
REG
高出52.3%
-2.2%
两年增速更快
UPST
近两年复合增速
5.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $404.2M | $308.2M |
| 净利润 | $202.5M | $-6.6M |
| 毛利率 | — | — |
| 营业利润率 | 71.0% | -2.4% |
| 净利率 | 50.1% | -2.2% |
| 营收同比 | 8.5% | 44.4% |
| 净利润同比 | 134.1% | -171.6% |
| 每股收益（稀释后） | — | $-0.07 |
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REGUPST
| Q1 26 | — | $308.2M | ||
| Q4 25 | $404.2M | $296.1M | ||
| Q3 25 | $387.6M | $277.1M | ||
| Q2 25 | $380.8M | $257.3M | ||
| Q1 25 | $380.9M | $213.4M | ||
| Q4 24 | $372.5M | $219.0M | ||
| Q3 24 | $360.3M | $162.1M | ||
| Q2 24 | $357.3M | $127.6M |
净利润REGUPST
| Q1 26 | — | $-6.6M | ||
| Q4 25 | $202.5M | $18.6M | ||
| Q3 25 | $109.4M | $31.8M | ||
| Q2 25 | $106.0M | $5.6M | ||
| Q1 25 | $109.6M | $-2.4M | ||
| Q4 24 | $86.5M | $-2.8M | ||
| Q3 24 | $101.5M | $-6.8M | ||
| Q2 24 | $102.7M | $-54.5M |
营业利润率REGUPST
| Q1 26 | — | -2.4% | ||
| Q4 25 | 71.0% | 6.4% | ||
| Q3 25 | 72.7% | 8.5% | ||
| Q2 25 | 73.8% | 1.8% | ||
| Q1 25 | 71.8% | -2.1% | ||
| Q4 24 | 71.1% | -2.2% | ||
| Q3 24 | 72.5% | -27.8% | ||
| Q2 24 | 72.3% | -43.5% |
净利率REGUPST
| Q1 26 | — | -2.2% | ||
| Q4 25 | 50.1% | 6.3% | ||
| Q3 25 | 28.2% | 11.5% | ||
| Q2 25 | 27.8% | 2.2% | ||
| Q1 25 | 28.8% | -1.1% | ||
| Q4 24 | 23.2% | -1.3% | ||
| Q3 24 | 28.2% | -4.2% | ||
| Q2 24 | 28.7% | -42.7% |
每股收益（稀释后）REGUPST
| Q1 26 | — | $-0.07 | ||
| Q4 25 | — | $0.20 | ||
| Q3 25 | — | $0.23 | ||
| Q2 25 | — | $0.05 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | — | $-0.07 | ||
| Q2 24 | — | $-0.62 |
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 | — | $472.9M |
| 总债务越低越好 | $4.7B | — |
| 股东权益账面价值 | $6.9B | $733.2M |
| 总资产 | $13.0B | $3.0B |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资REGUPST
| Q1 26 | — | $472.9M | ||
| Q4 25 | — | $652.4M | ||
| Q3 25 | — | $489.8M | ||
| Q2 25 | — | $395.9M | ||
| Q1 25 | — | $599.8M | ||
| Q4 24 | — | $788.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务REGUPST
| Q1 26 | — | — | ||
| Q4 25 | $4.7B | — | ||
| Q3 25 | $4.9B | — | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.4B | — | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.4B | — |
股东权益REGUPST
| Q1 26 | — | $733.2M | ||
| Q4 25 | $6.9B | $798.8M | ||
| Q3 25 | $6.8B | $743.7M | ||
| Q2 25 | $6.7B | $722.0M | ||
| Q1 25 | $6.7B | $676.6M | ||
| Q4 24 | $6.7B | $633.2M | ||
| Q3 24 | $6.8B | $595.5M | ||
| Q2 24 | $6.8B | $594.7M |
总资产REGUPST
| Q1 26 | — | $3.0B | ||
| Q4 25 | $13.0B | $3.0B | ||
| Q3 25 | $13.1B | $2.9B | ||
| Q2 25 | $12.7B | $2.5B | ||
| Q1 25 | $12.6B | $2.3B | ||
| Q4 24 | $12.4B | $2.4B | ||
| Q3 24 | $12.4B | $1.8B | ||
| Q2 24 | $12.4B | $1.8B |
负债/权益比REGUPST
| Q1 26 | — | — | ||
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.64× | — |
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 | $-133.3M |
| 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× | — |
| 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REGUPST
| Q1 26 | — | $-133.3M | ||
| Q4 25 | $203.9M | $108.6M | ||
| Q3 25 | $218.7M | $-122.6M | ||
| Q2 25 | $244.0M | $-120.2M | ||
| Q1 25 | $161.0M | $-13.5M | ||
| Q4 24 | $191.4M | $-110.9M | ||
| Q3 24 | $227.6M | $179.3M | ||
| Q2 24 | $203.5M | $65.3M |
自由现金流REGUPST
| Q1 26 | — | — | ||
| Q4 25 | — | $108.4M | ||
| Q3 25 | — | $-122.7M | ||
| Q2 25 | — | $-120.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $179.2M | ||
| Q2 24 | — | $65.3M |
自由现金流率REGUPST
| Q1 26 | — | — | ||
| Q4 25 | — | 36.6% | ||
| Q3 25 | — | -44.3% | ||
| Q2 25 | — | -46.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 110.5% | ||
| Q2 24 | — | 51.1% |
资本支出强度REGUPST
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.0% |
现金转化率REGUPST
| Q1 26 | — | — | ||
| Q4 25 | 1.01× | 5.82× | ||
| Q3 25 | 2.00× | -3.86× | ||
| Q2 25 | 2.30× | -21.43× | ||
| Q1 25 | 1.47× | — | ||
| Q4 24 | 2.21× | — | ||
| Q3 24 | 2.24× | — | ||
| Q2 24 | 1.98× | — |
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% |
UPST
| Platform and referral fees, net | $224.6M | 73% |
| Servicing and other fees, net | $52.4M | 17% |
| Other | $31.2M | 10% |
