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Regency Centers（REG）与威世（VSH）财务数据对比。点击上方公司名可切换其他公司
威世的季度营收约是Regency Centers的2.0倍（$800.9M vs $404.2M），Regency Centers净利率更高（50.1% vs 0.1%，领先50.0%），威世同比增速更快（12.1% vs 8.5%），过去两年Regency Centers的营收复合增速更高（5.4% vs 3.6%）
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。
威世（Vishay Intertechnology）是美国知名的分立半导体与被动电子元器件制造商，由企业家菲利克斯·赞德曼创立。公司在以色列、亚洲、欧洲、美洲均设有生产基地，产品覆盖整流器、二极管、MOSFET、光电器件、精选集成电路、电阻器、电容器、电感器等品类，2024年营收达29亿美元，全球全职员工约2.27万人。
REG vs VSH — 直观对比
营收规模更大
VSH
是对方的2.0倍
$404.2M
营收增速更快
VSH
高出3.6%
8.5%
净利率更高
REG
高出50.0%
0.1%
两年增速更快
REG
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $404.2M | $800.9M |
| 净利润 | $202.5M | $986.0K |
| 毛利率 | — | 19.6% |
| 营业利润率 | 71.0% | 1.8% |
| 净利率 | 50.1% | 0.1% |
| 营收同比 | 8.5% | 12.1% |
| 净利润同比 | 134.1% | 101.5% |
| 每股收益（稀释后） | — | $0.01 |
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REGVSH
| Q4 25 | $404.2M | $800.9M | ||
| Q3 25 | $387.6M | $790.6M | ||
| Q2 25 | $380.8M | $762.3M | ||
| Q1 25 | $380.9M | $715.2M | ||
| Q4 24 | $372.5M | $714.7M | ||
| Q3 24 | $360.3M | $735.4M | ||
| Q2 24 | $357.3M | $741.2M | ||
| Q1 24 | $363.9M | $746.3M |
净利润REGVSH
| Q4 25 | $202.5M | $986.0K | ||
| Q3 25 | $109.4M | $-7.9M | ||
| Q2 25 | $106.0M | $2.0M | ||
| Q1 25 | $109.6M | $-4.1M | ||
| Q4 24 | $86.5M | $-66.1M | ||
| Q3 24 | $101.5M | $-19.3M | ||
| Q2 24 | $102.7M | $23.5M | ||
| Q1 24 | $109.8M | $30.9M |
毛利率REGVSH
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 19.5% | ||
| Q2 25 | — | 19.5% | ||
| Q1 25 | — | 19.0% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 20.5% | ||
| Q2 24 | — | 22.0% | ||
| Q1 24 | — | 22.8% |
营业利润率REGVSH
| Q4 25 | 71.0% | 1.8% | ||
| Q3 25 | 72.7% | 2.4% | ||
| Q2 25 | 73.8% | 2.9% | ||
| Q1 25 | 71.8% | 0.1% | ||
| Q4 24 | 71.1% | -7.9% | ||
| Q3 24 | 72.5% | -2.5% | ||
| Q2 24 | 72.3% | 5.1% | ||
| Q1 24 | 72.3% | 5.7% |
净利率REGVSH
| Q4 25 | 50.1% | 0.1% | ||
| Q3 25 | 28.2% | -1.0% | ||
| Q2 25 | 27.8% | 0.3% | ||
| Q1 25 | 28.8% | -0.6% | ||
| Q4 24 | 23.2% | -9.2% | ||
| Q3 24 | 28.2% | -2.6% | ||
| Q2 24 | 28.7% | 3.2% | ||
| Q1 24 | 30.2% | 4.1% |
每股收益（稀释后）REGVSH
| Q4 25 | — | $0.01 | ||
| Q3 25 | — | $-0.06 | ||
| Q2 25 | — | $0.01 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | — | $-0.48 | ||
| Q3 24 | — | $-0.14 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $0.22 |
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 | — | $515.0M |
| 总债务越低越好 | $4.7B | $950.9M |
| 股东权益账面价值 | $6.9B | $2.1B |
| 总资产 | $13.0B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.69× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资REGVSH
| Q4 25 | — | $515.0M | ||
| Q3 25 | — | $443.9M | ||
| Q2 25 | — | $473.9M | ||
| Q1 25 | — | $609.4M | ||
| Q4 24 | — | $590.3M | ||
| Q3 24 | — | $643.8M | ||
| Q2 24 | — | $672.7M | ||
| Q1 24 | — | $796.5M |
总债务REGVSH
| Q4 25 | $4.7B | $950.9M | ||
| Q3 25 | $4.9B | $919.7M | ||
| Q2 25 | $4.8B | $914.5M | ||
| Q1 25 | $4.6B | $988.2M | ||
| Q4 24 | $4.4B | $905.0M | ||
| Q3 24 | $4.4B | $820.8M | ||
| Q2 24 | $4.4B | $820.6M | ||
| Q1 24 | $4.4B | $819.4M |
股东权益REGVSH
| Q4 25 | $6.9B | $2.1B | ||
| Q3 25 | $6.8B | $2.1B | ||
| Q2 25 | $6.7B | $2.1B | ||
| Q1 25 | $6.7B | $2.0B | ||
| Q4 24 | $6.7B | $2.0B | ||
| Q3 24 | $6.8B | $2.2B | ||
| Q2 24 | $6.8B | $2.2B | ||
| Q1 24 | $7.0B | $2.2B |
总资产REGVSH
| Q4 25 | $13.0B | $4.2B | ||
| Q3 25 | $13.1B | $4.2B | ||
| Q2 25 | $12.7B | $4.2B | ||
| Q1 25 | $12.6B | $4.2B | ||
| Q4 24 | $12.4B | $4.1B | ||
| Q3 24 | $12.4B | $4.2B | ||
| Q2 24 | $12.4B | $4.2B | ||
| Q1 24 | $12.7B | $4.3B |
负债/权益比REGVSH
| Q4 25 | 0.69× | 0.46× | ||
| Q3 25 | 0.72× | 0.44× | ||
| Q2 25 | 0.72× | 0.44× | ||
| Q1 25 | 0.69× | 0.49× | ||
| Q4 24 | 0.66× | 0.45× | ||
| Q3 24 | 0.65× | 0.38× | ||
| Q2 24 | 0.64× | 0.38× | ||
| Q1 24 | 0.63× | 0.38× |
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 | $149.4M |
| 自由现金流经营现金流 - 资本支出 | — | $54.6M |
| 自由现金流率自由现金流/营收 | — | 6.8% |
| 资本支出强度资本支出/营收 | — | 11.8% |
| 现金转化率经营现金流/净利润 | 1.01× | 151.48× |
| 过去12个月自由现金流最近4个季度 | — | $-89.0M |
8季度趋势，按日历期对齐
经营现金流REGVSH
| Q4 25 | $203.9M | $149.4M | ||
| Q3 25 | $218.7M | $27.6M | ||
| Q2 25 | $244.0M | $-8.8M | ||
| Q1 25 | $161.0M | $16.1M | ||
| Q4 24 | $191.4M | $67.7M | ||
| Q3 24 | $227.6M | $50.6M | ||
| Q2 24 | $203.5M | $-24.7M | ||
| Q1 24 | $167.8M | $80.2M |
自由现金流REGVSH
| Q4 25 | — | $54.6M | ||
| Q3 25 | — | $-24.7M | ||
| Q2 25 | — | $-73.4M | ||
| Q1 25 | — | $-45.5M | ||
| Q4 24 | — | $-77.2M | ||
| Q3 24 | — | $-9.0M | ||
| Q2 24 | — | $-87.3M | ||
| Q1 24 | — | $27.1M |
自由现金流率REGVSH
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | -3.1% | ||
| Q2 25 | — | -9.6% | ||
| Q1 25 | — | -6.4% | ||
| Q4 24 | — | -10.8% | ||
| Q3 24 | — | -1.2% | ||
| Q2 24 | — | -11.8% | ||
| Q1 24 | — | 3.6% |
资本支出强度REGVSH
| Q4 25 | — | 11.8% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 8.5% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | — | 20.3% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 7.1% |
现金转化率REGVSH
| Q4 25 | 1.01× | 151.48× | ||
| Q3 25 | 2.00× | — | ||
| Q2 25 | 2.30× | -4.39× | ||
| Q1 25 | 1.47× | — | ||
| Q4 24 | 2.21× | — | ||
| Q3 24 | 2.24× | — | ||
| Q2 24 | 1.98× | -1.05× | ||
| Q1 24 | 1.53× | 2.59× |
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% |
VSH
| Resistors Segment | $189.4M | 24% |
| Diodes Segment | $154.2M | 19% |
| Capacitors Segment | $136.5M | 17% |
| Other | $126.4M | 16% |
| Inductors Segment | $92.6M | 12% |
| Optoelectronic Components Segment | $55.7M | 7% |
| EMS Companies | $51.6M | 6% |
