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印度钢铁管理局（SAIL）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是印度钢铁管理局的1.7倍（$492.9M vs $281.9M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs -12.8%，领先32.4%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs 6.7%）
印度钢铁管理局（SAIL）是总部位于新德里的印度公营钢铁制造企业，属印度最高级别的“马哈拉特纳”中央公共部门企业，是印度最大的国有钢铁生产商，年钢铁产量达1829万吨，1973年1月24日成立，现有员工5.1万余名，由印度钢铁部行政管理。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
SAIL vs STWD — 直观对比
营收规模更大
STWD
是对方的1.7倍
$281.9M
营收增速更快
STWD
高出1.8%
6.7%
净利率更高
STWD
高出32.4%
-12.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $281.9M | $492.9M |
| 净利润 | $-36.0M | $96.9M |
| 毛利率 | 66.3% | — |
| 营业利润率 | -14.8% | 26.6% |
| 净利率 | -12.8% | 19.7% |
| 营收同比 | 6.7% | 8.5% |
| 净利润同比 | -240.9% | 87.7% |
| 每股收益（稀释后） | $-0.06 | $0.25 |
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SAILSTWD
| Q4 25 | $281.9M | $492.9M | ||
| Q3 25 | $264.4M | $488.9M | ||
| Q2 25 | $230.5M | $444.3M | ||
| Q1 25 | $240.1M | $418.2M | ||
| Q4 24 | — | $454.4M | ||
| Q3 24 | $198.6M | $479.5M | ||
| Q2 24 | $187.7M | $489.8M | ||
| Q1 24 | — | $523.1M |
净利润SAILSTWD
| Q4 25 | $-36.0M | $96.9M | ||
| Q3 25 | $-10.6M | $72.6M | ||
| Q2 25 | $-187.3M | $129.8M | ||
| Q1 25 | $-80.1M | $112.3M | ||
| Q4 24 | — | $51.6M | ||
| Q3 24 | $-87.1M | $76.1M | ||
| Q2 24 | $-89.2M | $77.9M | ||
| Q1 24 | — | $154.3M |
毛利率SAILSTWD
| Q4 25 | 66.3% | — | ||
| Q3 25 | 67.3% | — | ||
| Q2 25 | 55.4% | — | ||
| Q1 25 | 66.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 62.1% | — | ||
| Q2 24 | 61.5% | — | ||
| Q1 24 | — | — |
营业利润率SAILSTWD
| Q4 25 | -14.8% | 26.6% | ||
| Q3 25 | -15.4% | 19.1% | ||
| Q2 25 | -80.3% | 30.5% | ||
| Q1 25 | -12.6% | 28.7% | ||
| Q4 24 | — | 15.1% | ||
| Q3 24 | -33.2% | 17.2% | ||
| Q2 24 | -36.3% | 19.1% | ||
| Q1 24 | — | 30.8% |
净利率SAILSTWD
| Q4 25 | -12.8% | 19.7% | ||
| Q3 25 | -4.0% | 14.8% | ||
| Q2 25 | -81.3% | 29.2% | ||
| Q1 25 | -33.4% | 26.8% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | -43.9% | 15.9% | ||
| Q2 24 | -47.5% | 15.9% | ||
| Q1 24 | — | 29.5% |
每股收益（稀释后）SAILSTWD
| Q4 25 | $-0.06 | $0.25 | ||
| Q3 25 | $-0.02 | $0.19 | ||
| Q2 25 | $-0.42 | $0.38 | ||
| Q1 25 | $-6.50 | $0.33 | ||
| Q4 24 | — | $0.15 | ||
| Q3 24 | $-2.97 | $0.23 | ||
| Q2 24 | $-0.77 | $0.24 | ||
| Q1 24 | — | $0.48 |
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 | $298.1M | $499.5M |
| 总债务越低越好 | $0 | — |
| 股东权益账面价值 | $6.8B | $6.8B |
| 总资产 | $7.5B | $63.2B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资SAILSTWD
| Q4 25 | $298.1M | $499.5M | ||
| Q3 25 | $271.1M | $301.1M | ||
| Q2 25 | $228.1M | $259.9M | ||
| Q1 25 | $121.3M | $440.6M | ||
| Q4 24 | — | $377.8M | ||
| Q3 24 | $89.7M | $357.9M | ||
| Q2 24 | $146.8M | $259.3M | ||
| Q1 24 | — | $327.4M |
总债务SAILSTWD
| Q4 25 | $0 | — | ||
| Q3 25 | $0 | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益SAILSTWD
| Q4 25 | $6.8B | $6.8B | ||
| Q3 25 | $6.8B | $6.9B | ||
| Q2 25 | $6.8B | $6.4B | ||
| Q1 25 | $-5.6B | $6.4B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | $-701.3M | $6.5B | ||
| Q2 24 | $-622.5M | $6.2B | ||
| Q1 24 | — | $6.3B |
总资产SAILSTWD
| Q4 25 | $7.5B | $63.2B | ||
| Q3 25 | $7.4B | $62.4B | ||
| Q2 25 | $7.4B | $62.4B | ||
| Q1 25 | $7.4B | $62.2B | ||
| Q4 24 | — | $62.6B | ||
| Q3 24 | — | $64.2B | ||
| Q2 24 | — | $64.1B | ||
| Q1 24 | — | $66.2B |
负债/权益比SAILSTWD
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $53.6M | $488.8M |
| 自由现金流经营现金流 - 资本支出 | $52.5M | — |
| 自由现金流率自由现金流/营收 | 18.6% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | — | 5.04× |
| 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SAILSTWD
| Q4 25 | $53.6M | $488.8M | ||
| Q3 25 | $49.9M | $337.6M | ||
| Q2 25 | $-96.8M | $-87.4M | ||
| Q1 25 | — | $238.9M | ||
| Q4 24 | — | $295.6M | ||
| Q3 24 | — | $241.8M | ||
| Q2 24 | $-55.4M | $53.3M | ||
| Q1 24 | — | $55.9M |
自由现金流SAILSTWD
| Q4 25 | $52.5M | — | ||
| Q3 25 | $49.0M | — | ||
| Q2 25 | $-99.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-56.0M | — | ||
| Q1 24 | — | — |
自由现金流率SAILSTWD
| Q4 25 | 18.6% | — | ||
| Q3 25 | 18.5% | — | ||
| Q2 25 | -43.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -29.8% | — | ||
| Q1 24 | — | — |
资本支出强度SAILSTWD
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | — | — |
现金转化率SAILSTWD
| Q4 25 | — | 5.04× | ||
| Q3 25 | — | 4.65× | ||
| Q2 25 | — | -0.67× | ||
| Q1 25 | — | 2.13× | ||
| Q4 24 | — | 5.72× | ||
| Q3 24 | — | 3.18× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 0.36× |
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
SAIL
| Software As A Service Saa S | $156.0M | 55% |
| Term Subscriptions Services | $65.1M | 23% |
| Maintenance | $38.0M | 13% |
| Other | $15.7M | 6% |
| Other Subscription Services | $7.1M | 3% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
