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RAYONIER INC（RYN）与医疗房产信托（SVC）财务数据对比。点击上方公司名可切换其他公司
医疗房产信托的季度营收约是RAYONIER INC的1.1倍（$296.5M vs $276.8M），医疗房产信托净利率更高（-0.3% vs -4.5%，领先4.2%），RAYONIER INC同比增速更快（233.9% vs -17.0%），过去两年RAYONIER INC的营收复合增速更高（66.7% vs -6.1%）
Rayonier Inc.是总部位于佛罗里达州怀尔德莱特的林地房地产投资信托（REIT），资产分布在美国和新西兰的软木种植区域，核心业务板块为木材业务与房地产业务。
医疗房产信托（MPT）是总部位于阿拉巴马州伯明翰的国际房地产投资信托（REIT），主要在美国和欧洲地区收购投资医疗设施与营利性医疗控股公司。该公司的房产收购多采用售后回租模式，原产权方出售房产给MPT后成为承租租户，其租户普遍签订长期三净租约。
RYN vs SVC — 直观对比
营收规模更大
SVC
是对方的1.1倍
$276.8M
营收增速更快
RYN
高出250.9%
-17.0%
净利率更高
SVC
高出4.2%
-4.5%
两年增速更快
RYN
近两年复合增速
-6.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.8M | $296.5M |
| 净利润 | $-12.4M | $-782.0K |
| 毛利率 | 100.0% | — |
| 营业利润率 | — | -3.9% |
| 净利率 | -4.5% | -0.3% |
| 营收同比 | 233.9% | -17.0% |
| 净利润同比 | -264.7% | 99.0% |
| 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RYNSVC
| Q1 26 | $276.8M | — | ||
| Q4 25 | $117.5M | $296.5M | ||
| Q3 25 | $177.5M | $377.6M | ||
| Q2 25 | $106.5M | $404.4M | ||
| Q1 25 | $82.9M | $335.0M | ||
| Q4 24 | $650.5M | $357.0M | ||
| Q3 24 | $124.1M | $390.9M | ||
| Q2 24 | $99.6M | $412.5M |
净利润RYNSVC
| Q1 26 | $-12.4M | — | ||
| Q4 25 | $25.9M | $-782.0K | ||
| Q3 25 | $43.2M | $-46.9M | ||
| Q2 25 | $408.7M | $-38.2M | ||
| Q1 25 | $-3.4M | $-116.4M | ||
| Q4 24 | $327.1M | $-76.4M | ||
| Q3 24 | $28.8M | $-46.9M | ||
| Q2 24 | $1.9M | $-73.8M |
毛利率RYNSVC
| Q1 26 | 100.0% | — | ||
| Q4 25 | 41.9% | — | ||
| Q3 25 | 32.9% | — | ||
| Q2 25 | 29.7% | — | ||
| Q1 25 | 21.7% | — | ||
| Q4 24 | 53.8% | — | ||
| Q3 24 | 30.4% | — | ||
| Q2 24 | 25.4% | — |
营业利润率RYNSVC
| Q1 26 | — | — | ||
| Q4 25 | 23.0% | -3.9% | ||
| Q3 25 | 23.5% | -12.8% | ||
| Q2 25 | 13.7% | -9.2% | ||
| Q1 25 | 0.1% | -33.3% | ||
| Q4 24 | 47.7% | -19.4% | ||
| Q3 24 | 15.2% | -12.8% | ||
| Q2 24 | 4.6% | -17.1% |
净利率RYNSVC
| Q1 26 | -4.5% | — | ||
| Q4 25 | 22.1% | -0.3% | ||
| Q3 25 | 24.3% | -12.4% | ||
| Q2 25 | 383.6% | -9.4% | ||
| Q1 25 | -4.1% | -34.8% | ||
| Q4 24 | 45.1% | -21.4% | ||
| Q3 24 | 23.2% | -12.0% | ||
| Q2 24 | 1.9% | -17.9% |
每股收益（稀释后）RYNSVC
| Q1 26 | — | — | ||
| Q4 25 | $0.14 | $-0.01 | ||
| Q3 25 | $0.28 | $-0.28 | ||
| Q2 25 | $2.63 | $-0.23 | ||
| Q1 25 | $-0.02 | $-0.70 | ||
| Q4 24 | $2.18 | $-0.46 | ||
| Q3 24 | $0.19 | $-0.28 | ||
| Q2 24 | $0.01 | $-0.45 |
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 | $681.7M | $346.8M |
| 总债务越低越好 | $2.1B | $5.5B |
| 股东权益账面价值 | $5.3B | $646.1M |
| 总资产 | $7.7B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.39× | 8.52× |
8季度趋势，按日历期对齐
现金及短期投资RYNSVC
| Q1 26 | $681.7M | — | ||
| Q4 25 | $842.9M | $346.8M | ||
| Q3 25 | $919.6M | $417.4M | ||
| Q2 25 | $892.3M | $63.2M | ||
| Q1 25 | $216.2M | $80.1M | ||
| Q4 24 | $303.1M | $143.5M | ||
| Q3 24 | $51.9M | $48.6M | ||
| Q2 24 | $120.2M | $14.6M |
总债务RYNSVC
| Q1 26 | $2.1B | — | ||
| Q4 25 | $845.3M | $5.5B | ||
| Q3 25 | $845.1M | — | ||
| Q2 25 | $844.9M | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | $5.8B | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — |
股东权益RYNSVC
| Q1 26 | $5.3B | — | ||
| Q4 25 | $2.2B | $646.1M | ||
| Q3 25 | $2.3B | $647.9M | ||
| Q2 25 | $2.3B | $695.9M | ||
| Q1 25 | $1.9B | $734.6M | ||
| Q4 24 | $1.8B | $851.9M | ||
| Q3 24 | $1.8B | $929.0M | ||
| Q2 24 | $1.8B | $1.0B |
总资产RYNSVC
| Q1 26 | $7.7B | — | ||
| Q4 25 | $3.4B | $6.5B | ||
| Q3 25 | $3.5B | $7.0B | ||
| Q2 25 | $3.5B | $6.9B | ||
| Q1 25 | $3.4B | $7.0B | ||
| Q4 24 | $3.5B | $7.1B | ||
| Q3 24 | $3.5B | $7.1B | ||
| Q2 24 | $3.5B | $7.1B |
负债/权益比RYNSVC
| Q1 26 | 0.39× | — | ||
| Q4 25 | 0.38× | 8.52× | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.37× | — | ||
| Q1 25 | 0.55× | — | ||
| Q4 24 | 0.59× | 6.85× | ||
| Q3 24 | 0.72× | — | ||
| Q2 24 | 0.75× | — |
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 | — | $-18.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-95.2M |
| 自由现金流率自由现金流/营收 | — | -32.1% |
| 资本支出强度资本支出/营收 | 7.4% | 25.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-107.0M |
8季度趋势，按日历期对齐
经营现金流RYNSVC
| Q1 26 | — | — | ||
| Q4 25 | $256.7M | $-18.5M | ||
| Q3 25 | $116.2M | $98.1M | ||
| Q2 25 | $61.0M | $-7.0K | ||
| Q1 25 | $27.7M | $38.2M | ||
| Q4 24 | $261.6M | $-9.7M | ||
| Q3 24 | $66.2M | $106.2M | ||
| Q2 24 | $55.3M | $43.8M |
自由现金流RYNSVC
| Q1 26 | — | — | ||
| Q4 25 | — | $-95.2M | ||
| Q3 25 | $99.9M | $57.9M | ||
| Q2 25 | — | $-46.6M | ||
| Q1 25 | — | $-23.2M | ||
| Q4 24 | — | $-88.9M | ||
| Q3 24 | $42.2M | $24.1M | ||
| Q2 24 | — | $-22.3M |
自由现金流率RYNSVC
| Q1 26 | — | — | ||
| Q4 25 | — | -32.1% | ||
| Q3 25 | 56.3% | 15.3% | ||
| Q2 25 | — | -11.5% | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | — | -24.9% | ||
| Q3 24 | 34.0% | 6.2% | ||
| Q2 24 | — | -5.4% |
资本支出强度RYNSVC
| Q1 26 | 7.4% | — | ||
| Q4 25 | — | 25.9% | ||
| Q3 25 | 9.2% | 10.6% | ||
| Q2 25 | — | 11.5% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | — | 22.2% | ||
| Q3 24 | 19.3% | 21.0% | ||
| Q2 24 | — | 16.0% |
现金转化率RYNSVC
| Q1 26 | — | — | ||
| Q4 25 | 9.91× | — | ||
| Q3 25 | 2.69× | — | ||
| Q2 25 | 0.15× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | 2.30× | — | ||
| Q2 24 | 29.07× | — |
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
RYN
| Wood Products | $108.5M | 39% |
| Southern Timber | $88.7M | 32% |
| Real Estate | $59.8M | 22% |
| Northwest Timber | $32.1M | 12% |
SVC
暂无分部数据
