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SERVICE CORP INTERNATIONAL（SCI）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
西蒙地产集团的季度营收约是SERVICE CORP INTERNATIONAL的1.6倍（$1.8B vs $1.1B），西蒙地产集团净利率更高（197.6% vs 14.3%，领先183.3%），西蒙地产集团同比增速更快（13.2% vs 1.7%），西蒙地产集团自由现金流更多（$948.8M vs $87.2M），过去两年西蒙地产集团的营收复合增速更高（11.4% vs 3.1%）
国际配送服务有限公司（IDS）是英国邮政及快递服务提供商，2013年由英国政府设立，作为皇家邮政的控股母公司，多数股权随后在伦敦证券交易所公开发售，当时政府保留30%股份。截至2025年4月，该公司由丹尼尔·克雷廷斯基旗下捷克EP集团持有运营。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
SCI vs SPG — 直观对比
营收规模更大
SPG
是对方的1.6倍
$1.1B
营收增速更快
SPG
高出11.5%
1.7%
净利率更高
SPG
高出183.3%
14.3%
自由现金流更多
SPG
多$861.6M
$87.2M
两年增速更快
SPG
近两年复合增速
3.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.8B |
| 净利润 | $159.4M | $3.5B |
| 毛利率 | 28.0% | — |
| 营业利润率 | 24.8% | 49.7% |
| 净利率 | 14.3% | 197.6% |
| 营收同比 | 1.7% | 13.2% |
| 净利润同比 | 5.3% | 358.7% |
| 每股收益（稀释后） | $1.13 | $9.34 |
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SCISPG
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $1.0B | $1.4B |
净利润SCISPG
| Q4 25 | $159.4M | $3.5B | ||
| Q3 25 | $117.5M | $702.7M | ||
| Q2 25 | $122.9M | $643.7M | ||
| Q1 25 | $142.9M | $477.9M | ||
| Q4 24 | $151.4M | $771.8M | ||
| Q3 24 | $117.8M | $546.7M | ||
| Q2 24 | $118.2M | $569.4M | ||
| Q1 24 | $131.3M | $841.2M |
毛利率SCISPG
| Q4 25 | 28.0% | — | ||
| Q3 25 | 25.1% | — | ||
| Q2 25 | 25.5% | — | ||
| Q1 25 | 27.1% | — | ||
| Q4 24 | 28.0% | — | ||
| Q3 24 | 24.9% | — | ||
| Q2 24 | 24.9% | — | ||
| Q1 24 | 26.2% | — |
营业利润率SCISPG
| Q4 25 | 24.8% | 49.7% | ||
| Q3 25 | 21.4% | 50.8% | ||
| Q2 25 | 21.1% | 49.7% | ||
| Q1 25 | 23.4% | 49.4% | ||
| Q4 24 | 24.0% | 52.8% | ||
| Q3 24 | 20.9% | 51.9% | ||
| Q2 24 | 21.4% | 51.7% | ||
| Q1 24 | 22.2% | 51.0% |
净利率SCISPG
| Q4 25 | 14.3% | 197.6% | ||
| Q3 25 | 11.1% | 43.9% | ||
| Q2 25 | 11.5% | 43.0% | ||
| Q1 25 | 13.3% | 32.4% | ||
| Q4 24 | 13.8% | 48.8% | ||
| Q3 24 | 11.6% | 36.9% | ||
| Q2 24 | 11.4% | 39.0% | ||
| Q1 24 | 12.6% | 58.3% |
每股收益（稀释后）SCISPG
| Q4 25 | $1.13 | $9.34 | ||
| Q3 25 | $0.83 | $1.86 | ||
| Q2 25 | $0.86 | $1.70 | ||
| Q1 25 | $0.98 | $1.27 | ||
| Q4 24 | $1.02 | $2.04 | ||
| Q3 24 | $0.81 | $1.46 | ||
| Q2 24 | $0.81 | $1.51 | ||
| Q1 24 | $0.89 | $2.25 |
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 | $243.6M | $823.1M |
| 总债务越低越好 | $5.1B | $28.4B |
| 股东权益账面价值 | $1.6B | $5.2B |
| 总资产 | $18.7B | $40.6B |
| 负债/权益比越低杠杆越低 | 3.10× | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资SCISPG
| Q4 25 | $243.6M | $823.1M | ||
| Q3 25 | $241.3M | $1.6B | ||
| Q2 25 | $255.4M | $1.2B | ||
| Q1 25 | $227.2M | $1.4B | ||
| Q4 24 | $218.8M | $1.4B | ||
| Q3 24 | $185.4M | $2.5B | ||
| Q2 24 | $184.4M | $2.5B | ||
| Q1 24 | $205.6M | $2.6B |
总债务SCISPG
| Q4 25 | $5.1B | $28.4B | ||
| Q3 25 | $5.0B | $25.8B | ||
| Q2 25 | $5.0B | $25.4B | ||
| Q1 25 | $4.7B | $24.8B | ||
| Q4 24 | $4.8B | $24.3B | ||
| Q3 24 | $4.7B | $25.4B | ||
| Q2 24 | $4.7B | $25.3B | ||
| Q1 24 | $4.6B | $25.5B |
股东权益SCISPG
| Q4 25 | $1.6B | $5.2B | ||
| Q3 25 | $1.6B | $2.3B | ||
| Q2 25 | $1.6B | $2.5B | ||
| Q1 25 | $1.7B | $2.6B | ||
| Q4 24 | $1.7B | $2.9B | ||
| Q3 24 | $1.6B | $2.7B | ||
| Q2 24 | $1.5B | $2.9B | ||
| Q1 24 | $1.6B | $3.1B |
总资产SCISPG
| Q4 25 | $18.7B | $40.6B | ||
| Q3 25 | $18.4B | $33.6B | ||
| Q2 25 | $18.0B | $33.3B | ||
| Q1 25 | $17.3B | $32.5B | ||
| Q4 24 | $17.4B | $32.4B | ||
| Q3 24 | $17.4B | $33.3B | ||
| Q2 24 | $16.8B | $33.4B | ||
| Q1 24 | $16.7B | $33.7B |
负债/权益比SCISPG
| Q4 25 | 3.10× | 5.46× | ||
| Q3 25 | 3.17× | 10.98× | ||
| Q2 25 | 3.19× | 10.36× | ||
| Q1 25 | 2.87× | 9.50× | ||
| Q4 24 | 2.83× | 8.25× | ||
| Q3 24 | 2.92× | 9.37× | ||
| Q2 24 | 3.05× | 8.59× | ||
| Q1 24 | 2.90× | 8.22× |
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 | $212.9M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $87.2M | $948.8M |
| 自由现金流率自由现金流/营收 | 7.8% | 53.0% |
| 资本支出强度资本支出/营收 | 11.3% | 14.2% |
| 现金转化率经营现金流/净利润 | 1.34× | 0.34× |
| 过去12个月自由现金流最近4个季度 | $554.2M | $3.2B |
8季度趋势，按日历期对齐
经营现金流SCISPG
| Q4 25 | $212.9M | $1.2B | ||
| Q3 25 | $252.3M | $890.3M | ||
| Q2 25 | $166.4M | $1.2B | ||
| Q1 25 | $311.1M | $827.2M | ||
| Q4 24 | $264.1M | $1.1B | ||
| Q3 24 | $263.8M | $892.9M | ||
| Q2 24 | $196.9M | $1.1B | ||
| Q1 24 | $220.1M | $773.1M |
自由现金流SCISPG
| Q4 25 | $87.2M | $948.8M | ||
| Q3 25 | $150.7M | $685.0M | ||
| Q2 25 | $83.4M | $971.3M | ||
| Q1 25 | $233.0M | $597.0M | ||
| Q4 24 | $151.8M | $867.7M | ||
| Q3 24 | $162.8M | $706.5M | ||
| Q2 24 | $100.8M | $874.8M | ||
| Q1 24 | $140.3M | $610.1M |
自由现金流率SCISPG
| Q4 25 | 7.8% | 53.0% | ||
| Q3 25 | 14.2% | 42.8% | ||
| Q2 25 | 7.8% | 64.8% | ||
| Q1 25 | 21.7% | 40.5% | ||
| Q4 24 | 13.9% | 54.8% | ||
| Q3 24 | 16.1% | 47.7% | ||
| Q2 24 | 9.7% | 60.0% | ||
| Q1 24 | 13.4% | 42.3% |
资本支出强度SCISPG
| Q4 25 | 11.3% | 14.2% | ||
| Q3 25 | 9.6% | 12.8% | ||
| Q2 25 | 7.8% | 16.3% | ||
| Q1 25 | 7.3% | 15.6% | ||
| Q4 24 | 10.3% | 13.8% | ||
| Q3 24 | 10.0% | 12.6% | ||
| Q2 24 | 9.3% | 12.9% | ||
| Q1 24 | 7.6% | 11.3% |
现金转化率SCISPG
| Q4 25 | 1.34× | 0.34× | ||
| Q3 25 | 2.15× | 1.27× | ||
| Q2 25 | 1.35× | 1.89× | ||
| Q1 25 | 2.18× | 1.73× | ||
| Q4 24 | 1.75× | 1.41× | ||
| Q3 24 | 2.24× | 1.63× | ||
| Q2 24 | 1.67× | 1.87× | ||
| Q1 24 | 1.68× | 0.92× |
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
SCI
| Cemetery | $510.9M | 46% |
| Funeral Matured Preneed Revenue | $196.5M | 18% |
| Cemetery Recognized Preneed Merchandise And Service Revenue | $107.4M | 10% |
| Cemetery Atneed Revenue | $104.9M | 9% |
| CA | $56.4M | 5% |
| Funeral Other Revenue | $54.6M | 5% |
| Cemetery Other Revenue | $40.2M | 4% |
| Nonfuneral Home Revenue | $28.1M | 3% |
| Non Funeral Home Preneed Sales Revenue | $22.0M | 2% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
